Common use of No Subordinate Mortgages Clause in Contracts

No Subordinate Mortgages. Grantor will not create, place, or permit to be created or placed, or through any act or failure to act, acquiesce in the placing of, or allow to remain any Subordinate Mortgage regardless of whether such Subordinate Mortgage is expressly subordinate to the liens or security interests of the Loan Documents with respect to the Mortgaged Property, other than the Permitted Exceptions.

No Subordinate Mortgages. Grantor will not create, place, or permit ------------------------ to be created or placed, or through any act or failure to act, acquiesce in the placing of, or allow to remain any Subordinate Mortgage regardless of whether such Subordinate Mortgage is expressly subordinate to the liens or security interests of the Loan Documents with respect to the Mortgaged Property, other than the Permitted Exceptions.

No Subordinate Mortgages. Grantor will not create, place, or permit to be created or placed, or through any act or failure to act, acquiesce in the The placing of, or allow to remain any Subordinate Mortgage Mortgages regardless of whether such Subordinate Mortgage is expressly subordinate to the liens or security interests of the Loan Documents Document with respect to the Mortgaged Property, other than the Permitted Exceptions.

No Subordinate Mortgages. Grantor will not create, place, or permit to be created or placed, or through any act or failure to act, acquiesce in the placing of, or allow to remain any Subordinate Mortgage regardless of whether such Subordinate Mortgage is expressly subordinate to the liens or security interests of the Loan Documents with respect to the Mortgaged Property, other than the Permitted Exceptions.Exceptions and the Subordinate Mortgage in favor of Xxxxx Fargo Bank Minnesota, N.A.