Common use of No Credits on Account of the Debt Clause in Contracts

No Credits on Account of the Debt. Borrower shall not claim or demand or be entitled to any credit on account of the Debt for any part of the Taxes or Other Charges assessed against the Property, and no deduction shall otherwise be made or claimed from the assessed value of the Property for real estate tax purposes by reason of this Security Instrument or the Debt. If such claim, credit or deduction shall be required by law, Lender shall have the option, by notice of not less than 90 days, to declare the Debt immediately due and payable.

No Credits on Account of the Debt. Borrower shall will not claim or demand or be entitled to any credit or credits on account of the Debt for any part payment of the Taxes or Other Charges Impositions assessed against the Property, Mortgaged Property and no deduction shall otherwise be made or claimed from the assessed value of the Mortgaged Property for real estate tax purposes by reason because of this Security Instrument the Loan Documents or the Debt. If Legal Requirements require such claim, credit or deduction shall be required by lawdeduction, Lender shall have the optionmay, by written notice to Borrower of not less than 90 ninety (90) days, to declare the Debt immediately due and payable.

No Credits on Account of the Debt. Borrower shall will not claim or demand or be entitled to any credit or credits on account of the Debt for any part payment of the Taxes or Other Charges Impositions assessed against the Property, Mortgaged Property and no deduction shall otherwise be made or claimed from the assessed value of the Mortgaged Property for real estate tax purposes by reason of this Security Instrument the Loan Documents or the Debt. If such claim, credit or deduction shall be required by law, Lender shall have the optionmay, by written notice to Borrower of not less than 90 ninety (90) days, to declare the Debt immediately due and payable.

No Credits on Account of the Debt. Borrower shall not claim or demand or be entitled to any credit on account of the Debt for any part of the Taxes or Other Charges assessed against the Property, and no deduction shall otherwise be made or claimed from the assessed value of the Property for real estate tax purposes by reason of this Security Instrument or the Debt. If such claim, credit or deduction shall be required by law, Lender shall have the option, by written notice of not less than 90 one-hundred twenty (120) days, to declare the Debt immediately due and payable.