Common use of No Merger of Estates Clause in Contracts

No Merger of Estates. It is the intention and agreement of Grantor and Beneficiary that there shall be no merger of any leasehold estate in the Trust Property with the fee interest in the Trust Property or any other estate or interest in the Trust Property, and there shall be no merger of this Deed of Trust and any estate in the Trust Property, by reason of the fact that the same person may own or hold (a) any leasehold interest in the Trust Property, and/or (b) this Deed of Trust, and/or (c) the fee interest in the Trust Property or any other estate or interest in the Trust Property.