Common use of Mortgage Not Rendered Invalid Clause in Contracts

Mortgage Not Rendered Invalid. Neither entering into this Agreement nor a breach of this Agreement shall defeat, render invalid, diminish, or impair the priority of the lien of any mortgage or deed of trust on the Property made in good faith and for value. No Mortgagee shall have an obligation or duty under this Agreement to perform the Developer’s obligations, or to guarantee such performance, prior to taking title to all or a portion of the Property (subject to the applicable provisions of this Section 6.25).‌

Mortgage Not Rendered Invalid. Neither entering into this Agreement nor a breach of this Agreement shall defeat, render invalid, diminish, or impair the priority of the lien of any mortgage or deed of trust on the Property made in good faith and for value. No Mortgagee shall have an obligation or duty under this Agreement to perform the DeveloperProperty Owner’s obligations, or to guarantee such performance, prior to taking title to all or a portion of the Property (subject to the applicable provisions of this Section 6.25).‌Property.