Common use of No Merger of Estates Clause in Contracts

No Merger of Estates. It is the intention and agreement of Mortgagor and Mortgagee that there shall be no merger of any leasehold estate in the Mortgaged Property with the fee interest in the Mortgaged Property or any other estate or interest in the Mortgaged Property, and there shall be no merger of this Mortgage and any estate in the Mortgaged Property, by reason of the fact that the same person may own or hold (a) any leasehold interest in the Mortgaged Property, and/or (b) this Mortgage, and/or (c) the fee interest in the Mortgaged Property or any other estate or interest in the Mortgaged Property.