Common use of SUBORDINATE MORTGAGE Clause in Contracts

SUBORDINATE MORTGAGE. Notwithstanding any provisions of this Instrument or any of the other Loan Documents to the contrary, it is understood and agreed that the lien, terms, covenants and conditions of this Instrument are and shall be subordinate in all respects, including in right of payment, to the Bond Mortgage, subject to the terms of the Intercreditor Agreement. ATTACHED EXHIBITS. The following Exhibits are attached to this Instrument: |X| Exhibit A Description of the Land (required). | | Exhibit B Modifications to Instrument

Appears in 28 contracts

Samples: And Security Agreement, And Security Agreement, And Security Agreement

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