Common use of Subordination of the Lien to Mortgages Clause in Contracts

Subordination of the Lien to Mortgages. The lien of the assessment provided for herein shall be subordinate to the lien of any first trust or mortgage. Sale or transfer of any Lot shall not affect the assessment lien. However, the sale or transfer of any Lot pursuant to a foreclosure or any proceeding in lieu thereof shall extinguish the lien of such assessments as to payments thereof which become due prior to such sale or transfer. No sale or transfer shall relieve such Lot from liability for any assessments thereafter becoming due or from the lien thereof.

Subordination of the Lien to Mortgages. The lien of the assessment assessments provided for herein shall be subordinate to the lien of any first trust or mortgage. Sale or transfer of any Lot shall not affect the assessment lien. However, the sale or transfer of any Lot pursuant to a mortgage foreclosure or any proceeding in lieu thereof shall extinguish the lien of such assessments as to payments thereof which become due prior to such sale or transfer. No sale or transfer shall relieve such Lot from liability for any assessments assessment thereafter becoming due or from the lien thereof.

Subordination of the Lien to Mortgages. The lien of the assessment assessments provided for herein shall be subordinate to the lien of any first trust mortgage or mortgage. Sale mortgages now or transfer of any Lot hereafter placed upon the properties subject to assessment; provided, however; that such subordination shall not affect apply to the assessment lien. However, the assessments which have become due and payable prior to a sale or transfer of any Lot such property pursuant to a foreclosure decree of foreclosure, or any other proceeding in lieu thereof shall extinguish the lien of such assessments as to payments thereof which become due prior to such sale or transferforeclosure. No Such sale or transfer shall not relieve such Lot property from liability for any assessments thereafter becoming due or due, nor from the lien thereofof any such subsequent assessment.

Subordination of the Lien to Mortgages. The lien of the assessment assessments provided for herein shall be subordinate to the lien of any first trust or mortgage. Sale or transfer of any Lot shall not affect the assessment lien. However, the sale or transfer of any Lot pursuant to a mortgage foreclosure or any proceeding in lieu thereof thereof, shall extinguish the lien of such assessments as to payments thereof which become became due prior to such sale or transfer. No such sale or transfer shall relieve such Lot from liability for any assessments thereafter becoming due or from the lien thereof.

Subordination of the Lien to Mortgages. The lien of the assessment assessments provided for herein shall be subordinate to the lien of any first trust mortgage or mortgagemortgages. Sale or transfer of any Lot lot shall not affect the assessment lien. However, the sale or transfer of any Lot lot which is subject to any first mortgage, pursuant to a decree of foreclosure or any proceeding in lieu thereof thereof, shall extinguish the lien of such assessments as to payments thereof which become became due prior to such sale or transfer. No sale or transfer shall relieve such Lot lot from liability for any assessments thereafter becoming become due or from the lien thereof.

Subordination of the Lien to Mortgages. The lien of the assessment assessments provided for herein shall be subordinate to the lien of any first trust or mortgage. Sale , sale or transfer of any Lot shall not affect the assessment lienHen. However, the sale or transfer of any Lot lot pursuant to a mortgage foreclosure or any proceeding in lieu thereof thereof, shall extinguish the lien of such assessments as to payments thereof which become became due prior to such sale sale∙ or transfer. No sale or transfer shall relieve such Lot from liability for any assessments thereafter becoming due or from the lien thereof.

Subordination of the Lien to Mortgages. The lien of the assessment assessments provided for herein shall be subordinate to the lien of any first trust mortgage or mortgage. Sale mortgages now or transfer of any hereafter placed upon the Lot subject to assessment; provided, however, that such subordination shall not affect apply only to the assessment lien. However, the assessments which have become due and payable prior to a sale or transfer of any Lot such property pursuant to a decree of foreclosure or any other proceeding in lieu thereof shall extinguish the lien of such assessments as to payments thereof which become due prior to such sale or transferforeclosure. No Such sale or transfer shall not relieve such Lot property from liability for any assessments thereafter becoming due or due, nor from the lien thereofor any such subsequent assessment.

Subordination of the Lien to Mortgages. The lien of the assessment assessments on any Lot provided for herein shall be subordinate to the lien of any first trust mortgage now or mortgagehereafter placed on the Lot. Sale or transfer of any Lot shall not affect the assessment lien. However, the sale or transfer of any Lot pursuant to a mortgage foreclosure or any proceeding in lieu thereof thereof, shall extinguish the lien of such assessments as to payments thereof which become due prior to such sale or transfer. No sale or transfer shall relieve such Lot from liability for any assessments thereafter becoming due or from form the lien thereof.

Subordination of the Lien to Mortgages. The lien of the assessment assessments provided for herein shall be subordinate to the lien of any first deed of trust or mortgage now or hereafter placed upon any of the lots within the development subject to assessment; provided, however, that such subordination shall apply only to the assessments which have become due and payable prior to a sale or transfer of such lot pursuant to a decree of foreclosure, or the exercise of the power of sale contained in such first deed of trust or mortgage. Sale or transfer of any Lot shall not affect the assessment lien. However, the sale or transfer of any Lot pursuant to a foreclosure or any proceeding in lieu thereof shall extinguish the lien of such assessments as to payments thereof which become due prior to such sale or transfer. No Such sale or transfer shall not relieve such Lot lot from liability for any assessments thereafter becoming due or nor from the lien thereofof any such subsequent assessment.

Subordination of the Lien to Mortgages. The lien of the assessment assessments on any Lot provided for herein shall be subordinate to the lien of any first trust mortgage now or mortgagehereafter placed on the Lot. Sale or transfer of any Lot shall not affect the assessment lien. However, the sale or transfer of any Lot pursuant to a mortgage foreclosure or any proceeding in lieu thereof lien thereof, shall extinguish the lien of such assessments as to payments thereof which become due prior to such sale or transfer. No sale or transfer shall relieve such former Lot Owner from personal liability for any assessments thereafter becoming due or from the lien thereof.

Subordination of the Lien to Mortgages. The lien of the assessment any assessments provided for herein shall be subordinate to the lien of any first trust or mortgage. Sale or transfer of any Lot shall not affect the assessment lien. However, the sale or transfer of any Lot pursuant to a mortgage foreclosure or any proceeding in lieu thereof thereof, shall extinguish the lien of such assessments as to payments thereof which become became due prior to such sale or transfer. No NO sale or transfer shall relieve such Lot from liability for or any assessments assessment thereafter becoming due or from the lien thereof.