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2 parties hereto from the other parties hereto, the receipt and sufficiency of which is he reby acknowledged by each of the parties hereto, it is agreed as follows: 1. All of the Authority’s now existing or hereafter arising rights, title and interests in and to the Property under the Purchase and Redevelopment Agreement, including, without limitation, all reversionary rights provided for in the deed given by the Authori ty to Borrower s in accordance with that agreement, s hall be, and hereby are made, subject and subordinate at all times and in all respects to the lien of the Lender Mortgage, and all renewals, modifications, extensions, substitutions, replacements and/or c onsolidations thereof and the lien of the Lender Mortgage shall be, and hereby is made, prior and superior to the Authority’s rights, interest and remedies under the Purchase and Redevelopment Agreement. 2. Authority shall not without the prior written c onsent of the Lender take any action to enforce any reversionary rights it may now or hereafter have in the Property, whether pursuant to the Purchase and Redevelopment Agreement or otherwise unless all obligations secured by the Lender Mortgage have been paid and satisfied in full. 3. The priorities set forth herein shall be binding irrespective of (a) the fact of or the timing of any filing, recording or other method of perfecting such mortgage lien interests; or (b) any contrary priority established pu rsuant to applicable statutes or regulations. 4. In the event Lender forecloses its lien under the Lender Mortgage or accepts a deed in lieu of foreclosure, all rights, interests and remedies of the Authority with respect to the Property under the Purcha se and Redevelopment Agreement shall cease and terminate and will be deemed released of record. 5. So long as the Lender Mortgage is outstanding, neither the Authority nor the Borrower shall amend or modify any term, covenant or condition of the Purchas e and Redevelopment Agreement that materially and aversely affects Lender’s interest in the Property without the Lender’s prior written consent. 6. The rights and obligations hereunder of Borrower, Authority and Lender shall bind and inure to the benefi t of their respective successors and assigns. 7. Borrower and Lender, or their successors or assigns, may alter, extend, change, modify, waive or release any of the terms, covenants and conditions contained in the Lender Mortgage without in any manner af fecting this Agreement or releasing Authority from the effect hereof, all without any further consent or agreement of Authority. 8. This Agreement may be signed by different parties on different counterpart copies hereof, and said counterparts shall toget her constitute a single agreement.