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<br />r•.xnlntr r•
<br />I.A~IULORD'S RIGHT TO MORTGAGE AND SELL
<br />F:stop~el Certificate. t+'i[hin ten (10) days after request therefor
<br />5:• L~ndlorc:, or in the even- t t>~upon any sale, assignment or hypothecation
<br />,( t`•.^ ?rcr~-^s and/or the land thereunder by Landlord, an offset statement
<br />shall b^_ rec.::-^d from Tenon[; Tenon[ agrees to deliver, in recurdable form, a
<br />certi.`icate t~ any proposed mortgagee or purchaser, or to Landlord certifying
<br />(if s~:ch b^_ t:~~: case) that this Lease is in full force and effect and that there
<br />:re no def~nscs or offsets thereto, or stating those claimed by Tenant.
<br />Subordination and Attornment. This Lease is and shall be
<br />subject and s•.:'~orornate at a Mmes to tie ran of any mortgages in any amount
<br />or a:^ounts a- ~/or all or any part of the land or buildings comprising Carr mill .
<br />:':tla-c =~~' '~ III r~r•ound or underlying leases which exist or may hereafter be
<br />e~ecut^_d affc•~:ing such land and burldings, or either thereof, of ~+'hich the
<br />?'rcr:ses arc• a part, or on or against Landlord's interest or estate therein, or
<br />any Part of cr interest in any of the foregoing, or on or against any ground or
<br />under:;•ing 1^s^_ (and in all cases including all extensions, rene~+~als, amendments
<br /><nd s::ppl~-..:~-•ts to any ground or underlying lease or mortgage), ~+•ithout the
<br />necessit}' o` t'•~~ er.ecution and delivery of any further instruments on the part
<br />c: Tin=_nt tom. ~ffecttrate such subordination. Tenant covenants and agrees to
<br />~::ecut~ anri !'.eliver upon demand such further instruments evidencing such
<br />su5c-~in~ticn c! this Lease to any such ground or underlying lease and to the
<br />lien r;f ?n/ :~-h mortgage as may be required by the Landlord. Not+vithstanding
<br />an.:t^ir,g h~~tinal~o~~c contained, in the event the holder of any such mortgage
<br />cr the Landlord under any such ground or underlying lease shall at any time
<br />elee: to ha :•~ this Lease constitute a prior or superior lien to its mortgage or
<br />leas^_, then :~r+d in such event upon any such mortgageholder or Landl_grd notify-
<br />ing Tenant :~ that effect, this Lease shall be deemed prior and superior in lien
<br />to such mart^,age or lease, as the case may be. irrespective of whether this
<br />Lease is dr~t^ ~ prior to or subsequent to the date of such mortgage or lease.
<br />If Landlord enters into one or more concurrent or successive mort-
<br />gagcs or grot:nd or underlying ]eas'es and Tenant is advised in writing of the
<br />na,^^. and a~'~'.ress of the mortgagee or Landlord under such mortgage or govnd
<br />or unc'erl ir:C lease, as the case may be, then this Lease shall not be terminated
<br />or cancelled ~on account of any default by the Landlord in the performance of
<br />an;~ rf the tram.;, covenants or conditions hereof on its part contained, until
<br />Tenant shall have given written notice of such default to such mortgagee or
<br />Landlord, specifying the default, and such mortgagee or Landlord shall have
<br />the right for Lhirty (30) days from the date of its receipt of such notice (and
<br />such reasona!~le additional time as is required to effect the cure with due dili-
<br />gence} to ccrreet such default. ,
<br />T~n:nt shall, in the event any proceedings are brought for the
<br />foreclosure of or in the event of exercise of the power of sale under an}' mort-
<br />gage made b:.~ the Landlord covering the premises, attorn to the purchaser upon
<br />an:' such foreclosure or sale and recognize such purchaser as the Landlord
<br />under this L^_ase.
<br />Attorne -In-Fact. The Tenant, upon request of an}' party in
<br />inter=st, shall a>:ecute promp y such instruments or_ certificates to carry out
<br />the intent o` this section as shall be requested by tlTe Landlord. The Tenant
<br />herea;~ irrc•:ccably appoints the Landlord as Attorney-in-Fact for the Tenant
<br />•.+•ith full po•.•:er and authority to execute and deliver in the name of the Tenon[
<br />any such instruments or certificates. If fifteen (15) days after the dace of a
<br />•~:ritten requ~•st by Lar.~lord to execute: such instruments, the Tenant sha:i not
<br />have e~ectrtc•d the same, the Landlord may, at its option, cancel this Lease
<br />~•:ithout incur ring any liability on account thereof, and the term tiereby granted
<br />is expressly limited accordingly,
<br />Transfer of Landlord's Interest. Landlord shall have the right
<br />to conve;: , trans cr or assign, y sae or of envise, all or any part of its
<br />rn["rest in ti•:is Lease or Carr Mill village, including [he Premises, at any time
<br />nd from ti-c to tune and to any person, subject to the terms and conditions of
<br />t`;is L^_~se. ,111 covenants and obligations of Landlord under this I,c~se shall
<br />c^_as°_ upon the e>:ecution of such conveyance, transfer ot• assignment, but such
<br />co :'^_1?.-ts -:.,~i obligations shall run with file land and shall be binding upon the
<br />suhs~qucnt r;•.•:ner(::) tliercof or of this Lc~~se during the periods of their o~+•ner-
<br />.~,h'~ th~_rG~f.
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