Common use of Mortgage Protection Clause in Contracts

Mortgage Protection. A breach of any of the conditions or the enforcement of any lien provisions contained in this Declaration shall not defeat or render invalid the lien of any First Mortgage made in good faith and for value as to any Parcel in the Project; but all of the covenants, conditions and restrictions contained in this Declaration shall be binding upon and effective against any Owner of a Parcel if the Parcel is acquired by foreclosure, trustee's sale or otherwise. -------------------------------------------------------------------------------- ARTICLE X AMENDMENT AND ENFORCEMENT --------------------------------------------------------------------------------