HomeMy WebLinkAbout1739 ,
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' S. Always provided Tenant shall not be in default ; s
;;under the Lease, the right of possession of Tenant to the leased ' '
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'premises and Tenant's rights arising out of the Lease shall not ;
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:'be affected or disturbed by the Bank, or any other holder of the ~ ;
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;;Mortgage, in the exercise of any of their rights under the ~
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~'Mortgage or the note secured thereby; nor shall Tenant be named ~
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~ as a party defendant in any foreclosure of the lien of the i
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~?Mortgage nor in any other way be deprived of its rights under
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the Lease. Also, in the event that the Bank or any other~person '
acquires title to the leased premises pursuant to the exercise
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of any remedy provided for in the Mortgage, the L~ase shall not ;
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be terminated or affected by the foreclosure or sale or any such ; _
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proceeding and the Bank hereby covenants that any sale of the i ~
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leased premises pursuant to the exercise of any rights and ~ ~
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remedies under the Mortgage or otherwise, shall be made subject ~
to the Lease and the rights of the Tenant thereunder. The Tenant ; ~
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will attorn to the Bank or any other holder of the MorCgage who f
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' has acquired the premises through foreclosure or otherwise. This ` ~
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; provision shall be self-operative but the Tenant will execute
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? and deliver any additional instruments required to evidence such ~ ;
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~ attornment. '
6. In the event the Bank, or any other holder of the
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Mortgage, succeeds to title to the lands described in the ~
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Mortgage, the covenants on the part of the Landlord to be kept '
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and performed under the terms of the Lease, relating to lands ~
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beyond the limits of the premises encumbered by the Mortgage, ~
shall be nu11 and void as to such title holder.
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eo~204 PACEi'738
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