Subordination of mortgage to agreement with government.

Del. Code tit. 31, § 4025
in effect
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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.
Source: DE Code (Official Site)URL: https://delcode.delaware.gov/title31/c040/sc02/index.htmlFetched: 10/4/2026

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