Common use of Mortgage Subordination Clause in Contracts

Mortgage Subordination. 19. All mortgages and rights in the property of all mortgagees are subject and subordinate at all times to the rights of the Foundation to enforce the purposes of these Covenants. Grantor will provide a copy of these Covenants to all mortgagees of the Subject Property and has caused all mortgagees as of the date of this Historic Preservation Agreement to subordinate the priority of their liens to these Covenants. The subordination provisions as described above relates only to the purposes of these Covenants, namely the preservation of the historic architecture and landscape of the Subject Property.

Mortgage Subordination. 19. All mortgages and rights in the property of all mortgagees are subject and subordinate at all times to the rights of the Foundation to enforce the purposes of these Covenantscovenants and restrictions. The Grantor will provide a copy of these Covenants covenants and restrictions to all mortgagees of the Subject Property and has caused all mortgagees as mortgageesas of the date of this Historic Preservation Agreement deed to subordinate the priority of their liens to these Covenantscovenants and restrictions. The subordination provisions as described above relates only to the purposes of these Covenantscovenants and restrictions, namely the preservation of the historic architecture and landscape of the Subject Property.

Mortgage Subordination. 19. All mortgages and rights in the property of all mortgagees are subject and subordinate at all times to the rights of the Foundation to enforce the purposes of these Covenantscovenants and restrictions. The Grantor will provide a copy of these Covenants covenants and restrictions to all mortgagees of the Subject Property and has caused all mortgagees as of the date of this Historic Preservation Agreement deed to subordinate the priority of their liens to these Covenantscovenants and restrictions. The subordination provisions as described above relates only to the purposes of these Covenantscovenants and restrictions, namely the preservation of the historic architecture and landscape of the Subject Property.