Common use of LIENS AND SALES Clause in Contracts

LIENS AND SALES. Owner may encumber the premises by mortgages, deeds of trust or other Pnancing instruments, and any such instrument so given shall be superior to the rights of Resident herein. Foreclosure of any such instrument shall not constitute a constructive eviction of Resident and Resident agrees to attorn to the purchaser at any such foreclosure or sale as if this Lease Contract was between Resident and such purchaser directly. Any sale of the premises or of the building of which the premises are a part shall not aOect this Lease Contract or any of the obligations of Resident hereunder, but upon such sale, the prior owner of the property shall be released from all obligations hereunder and Resident shall look solely to the then owner of the property for the performance of Landlord’s duties hereunder after the date of such sale. It is agreed between Landlord and Resident that the Landlord, while entitled to possess and rent the premises, will notify the Resident in the event Landlord believes that a lender who holds a mortgage will eventually foreclose the premises. In the event of a lender foreclosure, Resident may be required to tender rents to the new owner of the premises. Resident may be entitled to protections aOorded by state and federal laws; Resident agrees that he/she may seek the advice of an attorney to learn of his/her rights. Resident agrees to indemnify and hold Landlord harmless for any damages or inconvenience that may result from a lender foreclosure.

LIENS AND SALES. Owner may encumber the premises by mortgages, deeds of trust or other Pnancing Unancing instruments, and any such instrument so given shall be superior to the rights of Resident herein. Foreclosure of any such instrument shall not constitute a constructive eviction of Resident and Resident agrees to attorn to the purchaser at any such foreclosure or sale as if this Lease Contract Agreement was between Resident and such purchaser directly. Any sale of the premises Premises or of the building of which the premises are a part shall not aOect aTect this Lease Contract Agreement or any of the obligations of Resident hereunder, but upon such sale, the prior owner of the property Property shall be released from all obligations hereunder and Resident shall look solely to the then owner of the property Property for the performance of Landlord’s duties hereunder after the date of such sale. It is agreed between Landlord and Resident that the Landlord, while entitled to possess and rent the premisesPremises, will notify the Resident in the event Landlord believes that a lender who holds a mortgage will eventually foreclose the premisesPremises. In the event of a lender foreclosure, Resident may be required to tender rents to the new owner of the premisesPremises. Resident may be entitled to protections aOorded aTorded by state and federal laws; Resident agrees that he/she may seek the advice of an attorney to learn of his/her rights. Resident agrees to indemnify and hold Landlord harmless for any damages or inconvenience that may result from a lender foreclosure.

LIENS AND SALES. Owner may encumber the premises by mortgages, deeds of trust or other Pnancing Mnancing instruments, and any such instrument so given shall be superior to the rights of Resident herein. Foreclosure of any such instrument shall not constitute a constructive eviction of Resident and Resident agrees to attorn to the purchaser at any such foreclosure or sale as if this Lease Contract Agreement was between Resident and such purchaser directly. Any sale of the premises Premises or of the building of which the premises are a part shall not aOect aLect this Lease Contract Agreement or any of the obligations of Resident hereunder, but upon such sale, the prior owner of the property Property shall be released from all obligations hereunder and Resident shall look solely to the then owner of the property Property for the performance of Landlord’s duties hereunder after the date of such sale. It is agreed between Landlord and Resident that the Landlord, while entitled to possess and rent the premisesPremises, will notify the Resident in the event Landlord believes that a lender who holds a mortgage will eventually foreclose the premisesPremises. In the event of a lender foreclosure, Resident may be required to tender rents to the new owner of the premisesPremises. Resident may be entitled to protections aOorded aLorded by state and federal laws; Resident agrees that he/she may seek the advice of an attorney to learn of his/her rights. Resident agrees to indemnify and hold Landlord harmless for any damages or inconvenience that may result from a lender foreclosure.

LIENS AND SALES. Owner may encumber the premises by mortgages, deeds of trust or other Pnancing financing instruments, and any such instrument so given shall be superior to the rights of Resident herein. Foreclosure of any such instrument shall not constitute a constructive eviction of Resident and Resident agrees to attorn to the purchaser at any such foreclosure or sale as if this Lease Contract Agreement was between Resident and such purchaser directly. Any sale of the premises Premises or of the building of which the premises are a part shall not aOect affect this Lease Contract Agreement or any of the obligations of Resident hereunder, but upon such sale, the prior owner of the property Property shall be released from all obligations hereunder and Resident shall look solely to the then owner of the property Property for the performance of Landlord’s duties hereunder after the date of such sale. It is agreed between Landlord and Resident that the Landlord, while entitled to possess and rent the premisesPremises, will notify the Resident in the event Landlord believes that a lender who holds a mortgage will eventually foreclose the premisesPremises. In the event of a lender foreclosure, Resident may be required to tender rents to the new owner of the premisesPremises. Resident may be entitled to protections aOorded afforded by state and federal laws; Resident agrees that he/she may seek the advice of an attorney to learn of his/her rights. Resident agrees to indemnify and hold Landlord harmless for any damages or inconvenience that may result from a lender foreclosure.