No Subordination of Affordability Covenants. Except as otherwise provided herein or in the OPA, the affordability covenants in the Agreement Affecting Real Property (Attachment No. 6) shall be senior to the security instruments for all Senior Loans, including the Permanent Loan Deed of Trust.
Appears in 1 contract
Samples: Owner Participation Agreement
No Subordination of Affordability Covenants. Except as otherwise provided Notwithstanding anything to the contrary herein or in the OPADDA, the affordability covenants in the Agreement Affecting Real Property (Attachment No. 6) shall be senior to the security instruments for all Senior Loans, including the Permanent Loan Deed of Trust.
Appears in 1 contract
No Subordination of Affordability Covenants. Except as otherwise provided Notwithstanding anything to the contrary herein or in the OPA, the affordability covenants in the Agreement Affecting Real Property (Attachment No. 66 ) shall be senior to the security instruments for all Senior Loans, including the Permanent Loan Deed of Trust.
Appears in 1 contract
Samples: Owner Participation Agreement
No Subordination of Affordability Covenants. Except as otherwise provided Notwithstanding anything to the contrary herein or in the OPA, the affordability covenants in the Agreement Affecting Real Property (Including Rental Restrictions) (Attachment No. 6) shall not be subordinated to any other agreement or security instrument and shall be senior to the security instruments for all Senior Loans, including the Permanent Loan Deed of TrustTrust and shall be recorded against the fee interest in the Property.
Appears in 1 contract
Samples: Owner Participation Agreement
