Subordination to Mortgage. In a foreclosure sale all mortgages which now or in the future affect the Building have priority over this Lease. This means that the holder of a mortgage may end this Lease on a foreclosure sale. The Tenant shall sign all papers needed to give any mortgage priority over this Lease. If the Tenant refuses, the Landlord may sign the papers on behalf of the Tenant.
Appears in 4 contracts
Samples: Business Lease, Integrated Alarm Services Group Inc, Lease Agreement (Community Partners Bancorp)
Subordination to Mortgage. In a foreclosure sale all mortgages mortgages, which now or in the future affect the Building building, have priority over this Leasethis. This means that the holder of a mortgage may end this Lease on a foreclosure sale. The Tenant shall sign all papers needed to give any mortgage priority over this Lease. If the Tenant refuses, the Landlord may sign the papers on behalf of the Tenant.
Appears in 1 contract
Samples: Bankers Store Inc
