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16. General. <br />hereto. <br />(a) Assignment/Successors. <br />This Agreement shall be binding upon and shall inure to the benefit of the respective <br />legal successors, transferees and assigns of Borrower, Senior Lender and Subordinate Lender. <br />Borrower shall not assign any of its rights and obligations under this Agreement without the <br />prior written consent of Senior Lender. <br />(b) No Partnership or Joint Venture. <br />Senior Lender's permission for the placement of the Subordinate Loan does not constitute <br />Senior Lender as a joint venturer or partner of Subordinate Lender. Neither party hereto shall <br />hold itself out as a partner, agent or Affiliate of the other party hereto. <br />(c) Senior Lender's Consent. <br />Wherever Senior Lender's consent or approval is required by any provision of this <br />Agreement, such consent or approval may be granted or denied by Senior Lender in its sole and <br />absolute discretion. <br />(d) Further Assurances. <br />Upon the demand of Senior Lender from time to time, Subordinate Lender agrees to <br />execute and deliver all additional instruments and/or documents required by Senior Lender in <br />order to evidence that the Subordinate Mortgage is subordinate to the lien, covenants and <br />conditions of the Senior Loan Documents, or to further evidence the intent of this Agreement. <br />(e) Amendment. <br />201603850 <br />This Agreement shall not be amended except by written instrument signed by all parties <br />(f) Governing Law. <br />This Agreement shall be governed by the laws of the jurisdiction in which the Mortgaged <br />Property is located without giving effect to any choice of law provisions thereof that would result <br />in the application of the laws of another jurisdiction. Senior Lender, Subordinate Lender and <br />Borrower agree that any controversy arising under or in relation to this Security Instrument shall <br />be litigated exclusively in the jurisdiction in which the Mortgaged Property is located. The state <br />and federal courts and authorities with jurisdiction in such locale shall have exclusive <br />jurisdiction over all controversies that arise under or in relation to this Agreement. The parties <br />hereto irrevocably consent to service, jurisdiction, and venue of such courts for any such <br />litigation and waive any other venue to which any might be entitled by virtue of domicile, <br />habitual residence or otherwise. <br />Subordination Agreement (Conventional) <br />Fannie Mae <br />Form 6414 <br />08 -14 <br />Page 14 <br />© 2014 Fannie Mae <br />