Common use of Subsequent Owners Clause in Contracts

Subsequent Owners. In the event the ownership of the Mortgaged Premises or any part thereof becomes vested in a person other than Mortgagor, the Mortgagee may without notice to Mortgagor, deal with such successor or successors in interest with reference to this Mortgage and to the Note secured hereby in the same manner as with Mortgagor without in any way discharging or vitiating Mortgagor's liability hereunder or upon the Note.

Subsequent Owners. In the event the ownership of the ofthe Mortgaged Premises or any part thereof becomes vested in a person other than Mortgagor, the Mortgagee may may, without notice to Mortgagor, deal with such successor or successors in successors-in-interest with reference to this Mortgage and to the Note secured hereby in the same manner as with Mortgagor without in any way discharging or vitiating Mortgagor's liability hereunder or upon the NoteNote or any agreement between Mortgagor and Mortgagee.