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2019 Tennessee Code
Title 13 - Public Planning and Housing
Chapter 20 - Housing Authorities Law
Part 6 - Bonds and Finances of Housing Authorities
§ 13-20-609. Subordination of mortgage to agreement with government.
Universal Citation: TN Code § 13-20-609 (2019)
The authority 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 of improvements thereon; in such event, any purchaser or purchasers at a sale of the property of an authority pursuant to a foreclosure of such mortgage or any other remedy in connection therewith shall obtain title subject to such contract.
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