Mortgage Protection Subordination Clause Samples

Mortgage Protection Subordination. A. Subordination or Superiority of Other Loans As to any loan that may be secured on the subject realty of which the Tenant's Premises are a part, the rights of Tenant under this Lease are and shall be, at the option of Landlord, either subordinate or superior to any first mortgage or first deed of trust (including a consolidated mortgage or deed of trust) constituting a lien on the Premises or Landlord's interest therein or any part thereof, whether such mortgage or first deed of trust has hereto fore been, or may hereafter be, placed upon the Premises by Landlord, and to any ground or master lease if Landlord's title to the Premises or any part thereof is or shall become a leasehold interest. To further assure the foregoing subordination ro superiority, Tenant shall, upon Landlord's request, together with the request of any first mortgagee under a mortgage or beneficiary under a first deed of trust or ground or master lessor, execute any instrument that does not materially and adversely affect Tenant's rights or duties under this Lease, or instruments intended to subordinate this Lease, or at the option of Landlord, to make superior to any first mortgage, first deed of trust, or ground or master lease.