Rights of Mortgagees. Any rights of the City under this Article IX shall not defeat, limit or render invalid any mortgage or deed of trust permitted by this Agreement or any rights provided for in this Agreement for the protection of holders of such instruments. Any conveyance or return of the Subject Property to the City pursuant to this Article IX shall be subject to mortgages and deeds of trust permitted by this Agreement.
Appears in 2 contracts
Samples: Disposition and Development Agreement, Disposition and Development Agreement
Rights of Mortgagees. Any rights of the City under this Article IX shall not defeat, limit or render invalid any mortgage or deed of trust permitted by this Agreement or any rights provided for in this Agreement for the protection of holders of such instruments. Any conveyance or return of the Subject Property to the City pursuant to this Article IX shall be subject to mortgages and deeds of trust permitted by this Agreement.
Appears in 1 contract
Rights of Mortgagees. Any rights of the City under this Article Section IX shall not defeat, limit or render invalid any mortgage or mortgage, deed of trust or any other security interest permitted by this Agreement or any rights provided for in this Agreement for the protection of holders holder of such instruments. Any conveyance or return of security interests in the Subject Property to the City pursuant to this Article IX shall be subject to mortgages and deeds of trust permitted by this AgreementProperty.
Appears in 1 contract
Samples: Development Agreement
