Common use of SUBORDINATE LIEN Clause in Contracts

SUBORDINATE LIEN. The lien of this Deed of Trust is junior and subordinate to the encumbrances set forth on Exhibit A - 2 or as Exhibit B may hereafter be amended by the parties to implement the provisions of the Bond Fund Contract, Art. II(E)(4).

Appears in 2 contracts

Sources: General Obligation Housing Bond Fund Contract, General Obligation Housing Bond Fund Contract