Subordination, Non-Disturbance Attornment Agreement

TenantLease

SUBORDINATION, NON-DISTURBANCE ATTORNMENT AGREEMENT

THISAGREEMENT,madethis dayof ,20,between Southern

Farm Bureau Life Insurance Company, a Mississippi corporation, whose address is 1401

Livingston Lane, Jackson, Mississippi 39213, hereinafter referred to as the "Mortgagee," and ,whoseaddress is , hereinafterreferredto as the"Lessee";

WITNESSETH:

WHEREAS, Lessee has entered into a certain Lease (the "Lease") with , a(n) , hereinafterreferredtoas"Lessor,"bearingdateofthe dayof ,20 , coveringpremises,hereinafterreferredtoasthe"LeasedPremises,"locatedin County, , andmorefullydescribedin Exhibit"A"attachedheretoand herebymadeaparthereof;and,

WHEREAS, Mortgagee is currently contemplating making a loan in the sum of

dollars($ ) totheLessor,represented byaNoteinsuchamountandsecuredbyaDeedofTrustorMortgage (the"Mortgage")coveringtheLeasedPremises;and,

WHEREAS,LesseehasagreedthattheLeaseshallbesubjectandsubordinate tothe MortgageprovidedLesseeisassuredofcontinuedoccupancyofitspremisesunderthe termsofthe Lease,subjecttothetermsoftheMortgage.

NOW,THEREFORE, inconsideration ofthepremisesandofthesumofONEDOLLAR ($1.00),byeachpartyinhandpaidtotheother,thereceiptwhereofisherebyacknowledged,itis herebyagreedasfollows:

(1) TheLeaseshallbesubjectandsubordinate totheMortgageandtoallrenewals, modifications,consolidations,replacementandextensionsthereof.

(2) Intheevent itshouldbecomenecessarytoforeclosetheMortgage,Mortgagee,foritself anditssuccessorsandassigns,agreesthatLesseemaycontinueitsoccupancy oftheLeased PremisesinaccordancewiththetermsandprovisionsoftheLease,solongasLesseecontinues to payrentandotherwisetoperformitsobligationsonitsparttobeperformedhereunderandunder theLease.

(3) Lesseefurtheragreesthat,intheeventLesseeacquirestitletotheLeasedPremises pursuanttoanyprovisionsoftheLeaseorotherwise, therewillbenomergeroftheestatesofthe landlordandtenantandtheLeaseandtheLessee'sobligations thereunder shallcontinueinfull forceandeffect.

(4) So longas Lesseehasquietenjoymentof theLeasedPremises,andsubjectto theterms oftheMortgage,Lesseeagreestoattornto(a)Mortgagee wheninpossession oftheLeased Premises,whetherbyforeclosureoftheMortgageorpursuanttotheassignmentofleasesgivenby LessortoMortgagee,orto(b)areceiverwhen appointedinanactionorproceedingtoforeclosethe Mortgage,orto(c)anypartyacquiringtitletotheLeased Premises. Lesseeagreestoexecute and deliver,uponrequest,anappropriateagreementofattornment.

(5) NotwithstandinganythingintheLeasetothecontrary,Lesseeherebyagreesthatso longas theMortgageeholdsamortgageontheLeasedPremises,LesseewillmailtotheMortgagee atitsprincipalplaceofbusinesshereinabove setforth,oratsuchotherplaceasmaybehereafter fromtimetotimedesignatedbymortgagee inwriting,acopyofallmaterialnoticeswhichLessee mayfromtimetotimeserveuponLessorunderandpursuanttothetermsandprovisions ofthe Lease,providedthatnonoticestoLessor,whethermaterialornot,shallbeeffective against Mortgagee foranypurposeunlessacopyofsuchnoticeisalso,atthesametimeitisservedupon Lessor,serveduponMortgagee.

(6) Lesseeagreesthat,fromandafterthe datehereof,it:(a)willnotpayrentunderthe Leasemorethan30daysinadvanceofitsduedate,(b)willnotmodify,alterorchangetheterms oftheLeasewithoutthepriorwrittenconsentofMortgagee, (c)willnotsurrenderorcancelthe Leaseorconsenttomodification ofanyofitstermsnortothetermination thereofbytheLessor withoutthepriorwrittenconsentofMortgagee, and(d)willnotseektoterminatetheLease, withholdrentals,orseektheforfeitureoforotherwiseattempttolimitoradverselyaffectthe rightsoftheLessorbyreasonofanyact,omissionordefaultundertheLeasebyLessoruntil Lesseehasgiven writtennotice ofsuchact,omissionordefaulttoMortgagee,anduntil Mortgagee isgiventhetimepermittedintheLeaseorareasonable periodofnotlessthan30daysfollowing thegivingofsuchnotice,whicheverisgreater,duringwhichperiodMortgageeshallhavethe right, but shall not be obligated, to remedy such act, omission or default or proceed with reasonable diligenceandgoodfaithtocompletethecuringthereof.Mortgagee may,atitsoption, withinthetimepermittedhereinforMortgageetocureanyact,omissionordefaultbyLessor undertheLease,doandperformanyactorthingrequired oftheLessorundertheLease, andall thingssodoneandperformedbyMortgageeshallbeaseffectivetopreventtheLessor’srights undertheLeasefrombeingforfeitedorotherwiseadverselyaffectedbecauseofadefaultby Lessor,asthesamewouldhavebeenifdoneandperformedbyLessor.

(7) LesseeagreesthatMortgageemay, atits option,causetheloan contemplatedhereinto bemadebyoneofitsaffiliatecompaniesormaygrantaparticipationinsaidloan,ormaysellthe loantoathirdparty.

(8) ThisAgreementshallbebindingonandinuretothebenefitofthesuccessorsand assignsofthepartieshereto.

INWITNESSWHEREOF,thepartiesheretohavecaused thisinstrumenttobeexecutedthe dayandyearfirstabovewritten.

INTHEPRESENCEOF:SouthernFarmBureauLifeInsuranceCompany

ATTEST:By:

Its:

______
[TYPE IN TENANT NAME HERE / TENANT SIGNS BELOW]

ATTEST:By:

Its:

STATEOFMISSISSIPPI

COUNTY OF HINDS

Personally appeared before me, the undersigned authority in and for the said county and state, on the ______day of ______, 20___, within my jurisdiction, the within named ______, who acknowledgedthat he is Vice President of Southern Farm Bureau Life Insurance Company, a Mississippi corporation, and that for and on behalf of said corporation, and as its act and deed, executed the above and foregoing instrument, after first having been duly authorized by said corporation so to do.

My Commission Expires:

______
NOTARY PUBLIC

STATEOF______

COUNTY OF ______

Personally appeared before me, the undersigned authority in and for the said county and state, on the ______day of ______, 20___, within my jurisdiction, the within named ______, who acknowledgedthat (he) (she) is ______of ______, a ______, and that for and on behalf of said ______, and as its act and deed,executed the above and foregoing instrument, after first having been duly authorized by said corporation so to do.

My Commission Expires:

______
NOTARY PUBLIC