PRIORITY OF MORTGAGE LIEN. Huntington, at Huntington's option, is authorized and empowered to do all things provided to be done by a mortgagee under Section 1311.14 of the Ohio Revised Code, and any present or future amendments or supplements thereto, for the protection of Huntington's interest in the Mortgaged Property.
PRIORITY OF MORTGAGE LIEN. Lender is authorized and empowered to do all things provided to be done by a mortgagee under Section 1311.14 of the Revised Code of Ohio, as amended.
PRIORITY OF MORTGAGE LIEN. Mortgagee is authorized to do ---- ------------------------- all things permitted or sanctioned by Ohio Revised Code Section 1311.4, as now existing or as hereafter amended.
PRIORITY OF MORTGAGE LIEN. Mortgagee, at Mortgagee's option, is authorized and empowered to do all things provided to be done by a Mortgagee under Section 1311.14 of the Ohio Revised Code and any present or future amendments or supplements thereto, for the protection of Mortgagee's interest in the Mortgaged Property.
PRIORITY OF MORTGAGE LIEN. Agent, at Agent's option, is authorized and empowered to do all things provided to be done by a mortgagee under Indiana law, as in effect from time to time, for the protection of Agent's interests in the Property.
PRIORITY OF MORTGAGE LIEN. Collateral Agent, at Collateral Agent's option, is authorized and empowered to do all things provided to be done by a mortgagee under Section 1311.14 of the Revised Code of Ohio, as in effect from time to time, for the protection of Collateral Agent's interests in the Property.
PRIORITY OF MORTGAGE LIEN. Administrative Agent, at Administrative Agent's option, is authorized and empowered to do all things provided to be done by a mortgagee under Section 1311.14 of the Revised Code of Ohio, as in effect from time to time, for the protection of Administrative Agent's interests in the Property.
PRIORITY OF MORTGAGE LIEN a. Except for the lien described in Paragraphs 5 and 12, no encumbrance shall arise against the Unit as a result of this Agreement or any monies deposited hereunder. In addition, this Agreement is and will be subject and subordinate to the lien of any mortgage(s) (including, but not limited to, any acquisition or building loan mortgage) heretofore or hereafter made and to any payments or expenses already made or incurred or which may hereafter be made or incurred, pursuant to the terms thereof, or incidental thereto, or to protect the security thereof, to the full extent thereof, without the execution of any further legal documents by Purchaser. This subordination applies to voluntary or involuntary advances whether or not they are made in accordance with the building loan schedule of payments or accelerated thereunder by virtue of Lender‘s right to make advances before they become due in accordance with the schedule of payments.
PRIORITY OF MORTGAGE LIEN. Bank, at Bank’s option, is authorized and empowered to do all things provided to be done by a mortgagee under the Kentucky Revised Statutes, and any present or future amendments or supplements thereto, for the protection of Bank’s interest in the Mortgaged Property.
PRIORITY OF MORTGAGE LIEN. No violation or breach of the covenants, conditions, restrictions, provisions or limitations contained in this Covenants Agreement shall defeat or render invalid or in any way impair the lien or charge of any mortgage or deed of trust or security interest recorded against either the Conveyed Property or the Retained Property; provided, however, that any subsequent owner of the Conveyed Property or Retained Property, as the case may be, or portion thereof shall constitute a Successor and be bound by such remaining covenants, conditions, restrictions, limitations, and provisions, whether such owner's title was acquired by foreclosure, deed in lieu of foreclosure, trustee's sale or otherwise.
