§ 4025 Subordination of mortgage to agreement with government.

31 DE Code § 4025 (2019) (N/A)
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DSHA may agree in any mortgage made by it that such mortgage shall be subordinate to a contract for the supervision by a government of the operation and maintenance of the mortgaged property and the construction of improvements thereon. In such event, any purchase or purchasers at a sale of the property of DSHA pursuant to a foreclosure of such mortgage or any other remedy in connection therewith shall obtain title subject to such contract.

71 Del. Laws, c. 357, § 6.