Mortgage and Mortgagee

Mortgage and Mortgagee. The word "mortgage" is used herein to include any lien or encumbrance on the Building, the Premises or the Property or on any part of or interest in or appurtenance to any of the foregoing, including, without limitation any ground rent or ground lease if Landlord's interest is or becomes a leasehold estate. The word "mortgagee" is used herein to include the holder of any mortgage, including any ground lessor if Landlord's interest is or becomes a leasehold estate. Wherever any right is given to... a mortgagee, that right may be exercised on behalf of such mortgagee by any representative or servicing agent of such mortgagee. No mortgagee which shall succeed to the interest of Landlord hereunder (either in terms of ownership or possessory rights) shall: (i) be liable for any previous act or omission of a prior Landlord, (ii) be subject to any rental offsets or defenses against a prior Landlord, (iii) be bound by any amendment of this Lease made without its written consent, or by payment by Tenant of rent in advance in excess of two (2) months' rent, (iv) be liable for any security not actually received by it, or (v) be liable for any initial construction or the improvements to be made to the Premises. View More