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202105678
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7/2/2021 4:21:31 PM
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7/2/2021 4:21:30 PM
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DEEDS
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202105678
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2021056'7$ <br />Deeds of Trust or extensions, substitutions, replacements or consolidations had been executed, <br />acknowledged, delivered and recorded prior to the Lease, any amendments or modifications <br />thereof and any notice thereof. Tenant hereby covenants with Lender that Tenant will not cause <br />the Lease to be subordinated to any interests other than those held by or made for the benefit of <br />Lender and/or its successors and assigns without prior written notice to and prior written consent <br />of Lender. At any time at the election of Lender, Lender shall have the right to declare the Lease <br />superior to the lien, provisions, operation and effect of the Deed of Trust. <br />2. Attornment; Non -Disturbance. <br />(a) Notwithstanding the foregoing subordination, if the interest of Landlord <br />under the Lease shall be transferred by reason of foreclosure or other proceedings (judicial <br />or non judicial) for enforcement of the Deed of Trust or by reason of a deed in lieu of <br />foreclosure or a transfer after foreclosure, Tenant, at the election of the Lender, its <br />successors and assigns, the purchaser of the Premises at a foreclosure sale, or such <br />purchaser's successors and assigns, including each subsequent purchaser of the Premises <br />(each such purchaser and its successors and assigns, collectively, the "Purchaser") <br />acquiring said interests, shall be bound to the Lender and Purchaser, as applicable, pursuant <br />to all of the terms, covenants and conditions of the Lease for the balance of the term of the <br />Lease then remaining and any extensions or renewals thereof which may be effected in <br />accordance with any option therefor in the Lease, with the same force and effect as if the <br />Lender or Purchaser, as applicable, were the original landlord under the Lease, and Tenant <br />does hereby attorn to and agree to attorn to the Lender and Purchaser, as its landlord, said <br />attornment to be effective and self -operative without the necessity for execution of any <br />further instruments, upon Lender's or Purchaser's election after succeeding to the interest <br />of the Landlord under the Lease. <br />(b) Notwithstanding the provisions of Section 1 and provided that Tenant is not <br />in default under the Lease beyond any applicable notice and cure periods, the Lease shall <br />not be terminated, nor shall Tenant's use, possession or enjoyment of the Premises be <br />interfered with, nor shall the leasehold estate granted by the Lease be terminated, in any <br />foreclosure or any action or proceeding instituted under or in connection with the Deed of <br />Trust. <br />3. Further Acts. Notwithstanding any provisions contained in Sections 1 and 2 above <br />which state that the attornment and subordination by Tenant to Purchaser are effective and self - <br />operative without the execution of any further instrument, Tenant agrees that, upon request of <br />Lender and/or Purchaser, it will execute such written agreement to evidence and affirm any and <br />all of Tenant's obligations under this Agreement, and further, Tenant agrees that it will execute <br />from time to time such further assurances and estoppel certificates as may reasonably be requested <br />by Lender and any Purchaser. Without limiting the generality of the foregoing, if and to the extent <br />that Landlord rejects the Lease in any federal or state proceeding, Tenant will, upon the request of <br />Lender or Purchaser, immediately enter into a new lease directly with the Purchaser on the same <br />terms as the Lease, provided execution of such new lease does not violate any bankruptcy law or <br />related court order. <br />2 <br />4812-7862-5775 <br />
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