Common use of Rights Applicable to Other Forms of Encumbrance Clause in Contracts

Rights Applicable to Other Forms of Encumbrance. (Deed of Trust). The rights and obligations of this Agreement relating to Mortgages on any portion of the Project Site shall apply to any other type of encumbrance on any of the Project Site, and any of the stated rights, obligations and remedies of any party relating to mortgage foreclosures shall be applicable to procedures under any deed of trust or similar method of encumbrance.

Appears in 2 contracts

Samples: Redevelopment and Limited Term Use Restrictions Agreement, Redevelopment Agreement

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Rights Applicable to Other Forms of Encumbrance. (Deed of Trust). The Trust).The rights and obligations of this Agreement relating to Mortgages on of any portion of the Project Site shall apply to any other type of encumbrance on any of the Project Site, and any of the stated rights, obligations and remedies of any party relating to mortgage foreclosures shall be applicable to procedures under any deed of trust or similar method of encumbrance.

Appears in 1 contract

Samples: City of Lincoln Redevelopment Agreement

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Rights Applicable to Other Forms of Encumbrance. (Deed of Trust). The Trust).The rights and obligations of this Agreement relating to Mortgages on of any portion of the Redevelopment Project Site shall apply to any other type of encumbrance on any of the Redevelopment Project Site, and any of the stated rights, obligations and remedies of any party relating to mortgage foreclosures shall be applicable to procedures under any deed of trust or similar method of encumbrance.

Appears in 1 contract

Samples: Lincoln Redevelopment Agreement

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