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201603850
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Last modified
7/3/2017 5:40:44 PM
Creation date
6/22/2016 11:44:08 AM
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DEEDS
Inst Number
201603850
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(g) Severable Provisions. <br />If any provision of this Agreement shall be invalid or unenforceable to any extent, then <br />the other provisions of this Agreement, shall not be affected thereby and shall be enforced to the <br />greatest extent permitted by law. <br />(h) Term. <br />201603850 <br />The term of this Agreement shall commence on the date hereof and shall continue until <br />the earliest to occur of the following events: (1) the payment in full of the principal of, interest <br />on and other amounts payable under the Senior Loan Documents; (2) the payment in full of the <br />principal of, interest on and other amounts payable under the Subordinate Loan Documents, <br />other than by reason of payments which Subordinate Lender is obligated to remit to Senior <br />Lender pursuant to Section 0 of this Agreement; (3) the acquisition by Senior Lender of title to <br />the Mortgaged Property pursuant to a foreclosure, or a deed in lieu of foreclosure, of (or the <br />exercise of a power of sale contained in) the Senior Loan Documents; or (4) the acquisition by <br />Subordinate Lender of title to the Mortgaged Property pursuant to a foreclosure, or a deed in lieu <br />of foreclosure, of (or the exercise of a power of sale contained in), the Subordinate Loan <br />Documents, but only if such acquisition of title does not violate any of the terms of this <br />Agreement. <br />(i) Counterparts. <br />This Agreement may be executed in any number of counterparts, each of which shall be <br />considered an original for all purposes; provided, however, that all such counterparts shall <br />constitute one and the same instrument. <br />(j) Sale of the Senior Loan. <br />Nothing in this Agreement shall limit Senior Lender's (including any assignee or <br />transferee of Senior Lender) right to sell or transfer the Senior Loan, or any interest in the Senior <br />Loan. The Senior Loan or a partial interest in the Senior Loan (together with this Agreement and <br />the other Loan Documents) may be sold one or more times without prior notice to Subordinate <br />Lender or Borrower. <br />Subordination Agreement (Conventional) <br />Fannie Mae <br />[Remainder of Page Intentionally Blank] <br />Form 6414 <br />08 -14 <br />Page 15 <br />© 2014 Fannie Mae <br />
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