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HomeMy WebLinkAbout0128 SUBORDINATION TO MORTGAGES Sectiori 2201. At the option of Lessor's mortqagee, this Lease shali be subject and subordinate to any first mortgage or deed or trust now upo~ the demised premises and any mortgaqe or deed of trust here- a:ter placed upon the demised premises, provided that the mortgagee or uene~iciary under such deed of trust agrees in writinq with Lessee or adequate provision is made in such mortgage or deed of trust, that, . regardless of any default or breach under such mortqage or deed of ~ -~-rust or of any possession•or sale of the whole or any part of the ~remises u~der or through such mortgage or deed of trust, that this Lease and Lessee's possession shall not be disturbed by mortgagee or naneficiary or any other party clai~ing under or throuqh such mortqage or dead of trust, provided, however, that Lessee shall continue to ~~5erve and perform Lessee's obligations under this Lease and pay rent ~G wr.4msoever may be lawfully entitled to same from time to time. :,F~ .can haro}~j a7ion~ ~„g~u~c~ ii SwuG i5 i~yuireu, any c'~I1C1 dll ins~ru~;,en~s in writing which.may be requested by Lessor to subordinate ~~ssee's rights acquired by this Lease to the lien of any such mortgage o~ deed of trust, all as aforesaid. ~ . REMEDIES TO B~ CUMULATIVE § ' ~ Section 2301. No remedy herein or otherwise conferred upon or ~ ~ r-~served to Lessor, shall be considered exclusive of any other remedy, ~ ~ a?:~ ~;he same shall be cumulative and shall be in addition to every ~ ~ ~ o~: er rerr?edy given hereunder now or hereafter exi,stinq at law or in ~ _ ~ - ~ cc;ai~y or by statute, and every power and remedy qiven by this Lease ~ to Lessor may be exercised from time to time and as often as occasion ~ s,~,ay ~rise or as may be deemed expedient. No delay or omission of Lessor ~ ~ ~o exercise any right or power arising from any default, shall impair ~ _ ~,:.y sucn right or power or shall be construed~to 8e a waiver of any ~ ~ suc: aefault or an acquiescence therein. ~ . ~ - s ~ " ~ . - 18 - ~ ~ ~ i ' ~ gooK 198 ~AC~ ~28 . _ - ~ _ _ . ~ . .