Common use of Mortgage Priority Clause in Contracts

Mortgage Priority. This Lease shall not be a lien against the said premises with respect to any mortgages that may hereafter be placed upon said premises. The recording of such mortgages shall have preference and be superior and prior in lien to this Lease, irrespective of the date of recording. The Tenant agrees to execute any instruments, without cost, which may be deemed necessary, to further effect the subordination of this Lease to any such mortgages. A refusal by the Tenant to execute such instruments is a violation and shall entitle the Landlord to cancel this Lease.

Mortgage Priority. This Lease shall not be a lien against the said premises with in respect to of any mortgages that may now or hereafter be placed upon said premisesthe property. The recording of such mortgage or mortgages shall have preference and precedence and be superior and prior in lien to this LeaseLease by virtue hereof, irrespective of and the date of recording. The Tenant agrees to execute any instruments, without cost, which may be deemed necessary, to further effect the subordination of this Lease to any such mortgage or mortgages. A refusal by the Tenant to execute such instruments is a violation and shall entitle the Landlord to cancel the option of canceling this Lease, and the term hereof is hereby expressly limited accordingly.

Mortgage Priority. This Lease shall not be a lien against the said premises with Property in respect to any mortgages that may hereafter be placed upon said premisesProperty. The recording of such mortgage or mortgages shall have preference and precedence and be superior and prior in lien to this Lease, irrespective of the date of recording. The Tenant agrees to execute any instruments, without cost, which may be deemed necessary, to further effect the subordination of this Lease to any such mortgages. A refusal by the Tenant to execute such instruments is a violation and shall entitle the Landlord to cancel this Lease.

Mortgage Priority. This Lease shall not be a lien against the said premises Premises with respect to any mortgages that may hereafter be placed upon said premisesPremises. The recording of such mortgages shall have preference and be superior and prior in lien to this Lease, irrespective of the date of recording. The Tenant agrees to execute any instruments, without cost, which may be deemed necessary, to further effect the subordination of this Lease to any such mortgages. A refusal by the Tenant to execute such instruments is a violation and shall entitle the Landlord to cancel this Lease.