Common use of Payment of Taxes, Assessments and Other Charges Clause in Contracts

Payment of Taxes, Assessments and Other Charges. (a) Subject to Section 1.07 relating to contests, the Mortgagor shall pay before penalty might attach for nonpayment thereof, all taxes and assessments and all other charges whatsoever levied upon or assessed or placed against the Mortgaged Property, except that assessments may be paid in installments so long as no fine or penalty is added to any installment for the nonpayment thereof. Mortgagor shall likewise pay any and all governmental levies or assessments such as maintenance charges, owner association dues, charges, or fees, levies or charges resulting from covenants, conditions, and restrictions affecting the Mortgaged Property, which are assessed or imposed upon the Mortgaged Property or any part thereof or become due and payable, and which create, may create, or appear to create a lien upon the Mortgaged Property, or any part thereof. Mortgagor shall likewise pay all taxes, assessments, and other charges, levied upon or assessed, placed, or made against, or measured by, this Mortgage, or the recordation hereof, or the indebtedness secured hereby, provided that the Mortgagor shall not be obliged to pay such tax, assessment, or charge if such payment would be contrary to law or would result in the payment of an unlawful rate of interest on the indebtedness secured hereby; and provided further that nothing herein contained shall be construed as requiring Mortgagor to pay any net income, profits, or revenue taxes of Mortgagee. Mortgagor shall promptly furnish to the Mortgagee all notices received by the Mortgagor of amounts due under this paragraph and in the event Mortgagor shall make payment directly, Mortgagor shall promptly furnish to Mortgagee receipts evidencing such payments.

Payment of Taxes, Assessments and Other Charges. (a) Subject to Section 1.07 payments in the manner provided under Paragraph 2 and to Paragraph 9 relating to contests, the Mortgagor Borrower shall pay before a penalty might attach for nonpayment thereof, all taxes and assessments and all other charges whatsoever levied upon or assessed or placed against the Mortgaged Secured Property, except that assessments may be paid in installments so long as no fine or penalty is added to any installment for the nonpayment thereof. Mortgagor Borrower shall likewise pay any and all governmental levies or assessments such as maintenance charges, owner association dues, charges, dues or charges or fees, levies or charges resulting from covenants, conditions, conditions and restrictions affecting the Mortgaged Secured Property, which are assessed or imposed upon the Mortgaged Secured Property or any part thereof or become due and payable, and which create, may create, create or appear to create a lien upon the Mortgaged Secured Property, or any part thereof. Mortgagor Borrower shall likewise pay all taxes, assessments, assessments and other charges, levied upon or assessed, placed, placed or made against, or measured by, this MortgageDeed, or the recordation hereof, or the indebtedness Indebtedness secured hereby. In the event of any legislative action or judicial decision after the date of this Deed, provided that imposing upon Lender the Mortgagor shall not be obliged to pay such tax, assessment, or charge if such payment would be contrary to law or would result in the payment of an unlawful rate of interest on the indebtedness secured hereby; and provided further that nothing herein contained shall be construed as requiring Mortgagor obligation to pay any net incomesuch taxes, profitsassessments or other charges, or revenue deducting the amount secured by this Deed from the value of the Secured Property for the purpose of taxation, or changing in any way the laws now in force for the taxation of mortgages, deeds of trust or debts secured thereby, or the manner of the operation of any such taxes so as to affect the interests of MortgageeLender, then, and in such event, Borrower shall bear and pay the full amount of such taxes, assessments or other charges. Mortgagor Notwithstanding the foregoing provisions of this Paragraph 4, if for any reason payment by Borrower of any such taxes, assessments or other charges would be unlawful, or if the payment thereof would render the indebtedness evidenced by the Note usurious, Lender may declare the whole sum secured by this Deed, with interest thereon, to be due and payable sixty (60) days from the date such declaration is given to Borrower, without a prepayment premium. Borrower shall promptly furnish to the Mortgagee Lender all notices received by the Mortgagor Borrower of amounts due under this paragraph and in the event Mortgagor Borrower shall make payment directly, Mortgagor Borrower shall promptly furnish to Mortgagee Lender receipts evidencing such payments.

Payment of Taxes, Assessments and Other Charges. (a) Subject to payments in the manner provided under Section 1.07 2 hereof and to Section 9 relating to contests, the Mortgagor shall pay before a penalty might may attach for nonpayment thereof, all taxes and assessments and all other charges whatsoever levied upon or assessed or placed against the Mortgaged Property, except that assessments may be paid in installments so long as no fine or penalty is added to any installment for the nonpayment thereof. Mortgagor shall likewise pay any and all governmental levies or assessments such as maintenance charges, owner association dues, charges, dues or charges or fees, levies or charges resulting from covenants, conditions, conditions and restrictions affecting the Mortgaged Property, which are assessed or imposed upon the Mortgaged Property or any part thereof or become due and payable, and which create, may create, create or appear to create a lien upon the Mortgaged Property, or any part thereof. Mortgagor shall likewise pay all taxes, assessments, assessments and other charges, levied upon or assessed, placed, placed or made against, or measured by, this Second Mortgage, or the recordation recording hereof, or the indebtedness Indebtedness secured hereby, provided that . If any legislative action or judicial decision occurs after the Mortgagor shall not be obliged to pay such tax, assessment, or charge if such payment would be contrary to law or would result in date of this Second Mortgage which imposes upon Mortgagee the payment of an unlawful rate of interest on the indebtedness secured hereby; and provided further that nothing herein contained shall be construed as requiring Mortgagor obligation to pay any net incomesuch taxes, profitsassessments or other charges, or revenue which deducts the amount secured by this Second Mortgage from the value of the Mortgaged Property for the purpose of taxation, or which changes in any way the laws now in force for the taxation of the mortgages or debts secured thereby, or the manner of the operation of any such taxes so as to affect the interests of Mortgagee, then, and in such event, Mortgagor shall bear and pay the full amount of such taxes, assessments or other charges. Notwithstanding the foregoing provisions of this Section 4, if for any reason payment by Mortgagor of any such taxes, assessments or other charges would be unlawful, or if the payment thereof would render the indebtedness evidenced by the Discretionary Credit Note usurious, Mortgagee may declare the whole sum secured by the Mortgage, with interest thereon, to be immediately due and payable. Mortgagor shall promptly furnish to the Mortgagee all notices received by the Mortgagor of amounts due under this paragraph Section and in the event Mortgagor shall make payment directly, Mortgagor shall promptly furnish to Mortgagee receipts evidencing such payments.

Payment of Taxes, Assessments and Other Charges. (a) Subject to Section 1.07 payments in the manner provided under paragraph 2 hereof and to paragraph 10 relating to contests, the Mortgagor shall pay before a penalty might attach for nonpayment thereof, all taxes and assessments and all other charges whatsoever levied upon or assessed or placed against the Mortgaged Property, except that assessments may be paid in installments so long as no fine or penalty is added to any installment for the nonpayment thereof. The Mortgagor shall likewise pay any and all governmental levies or assessments such as maintenance charges, owner association dues, charges, dues or charges or fees, levies or charges resulting from covenants, conditions, conditions and restrictions affecting the Mortgaged Property, which are assessed or imposed upon the Mortgaged Property or any part thereof or become due and payable, and which create, may create, create or appear to create a lien upon the Mortgaged Property, or any part thereof. The Mortgagor shall likewise pay all taxes, assessments, assessments and other charges, levied upon or assessed, placed, placed or made against, or measured by, this Mortgage, or the recordation hereof, or the indebtedness Indebtedness secured hereby. In the event of any legislative action or judicial decision after the date of this Mortgage, provided that imposing upon the Mortgagee the obligation to pay any such taxes, assessments or other charges, or deducting the amount secured by this Mortgage from the value of the Mortgaged Property for the purpose of taxation, or changing in any way the laws now in force for the taxation of mortgages, deeds of trust or debts secured thereby, or the manner of the operation of any such taxes so as to affect the interests of the Mortgagee, then, and in such event, the Mortgagor shall not bear and pay the full amount of such taxes, assessments or other charges. Notwithstanding the foregoing provisions of this paragraph 5, if for any reason payment by the Mortgagor of any such taxes, assessments or other charges would be obliged to pay such tax, assessmentunlawful, or charge if such payment would be contrary to law or would result in the payment of an unlawful rate of interest on thereof would render the indebtedness evidenced by the Note usurious, the Mortgagee may declare the whole sum secured hereby; by this Mortgage, with interest thereon, to be immediately due and provided further that nothing herein contained shall be construed as requiring Mortgagor to pay any net income, profits, or revenue taxes of Mortgageepayable. The Mortgagor shall promptly furnish to the Mortgagee all notices received by the Mortgagor of amounts due under this paragraph and in the event the Mortgagor shall make payment directly, the Mortgagor shall promptly furnish to the Mortgagee receipts evidencing such payments.

Payment of Taxes, Assessments and Other Charges. (a) Subject to Section 1.07 paragraph 15 relating to contests, the Mortgagor Grantor shall pay before a penalty might attach for nonpayment thereof, all taxes and assessments and all other charges whatsoever levied upon or assessed or placed against the Mortgaged PropertyCollateral, except that assessments may be paid in installments so long as no fine or penalty is added to any installment for the nonpayment thereof. Mortgagor Grantor shall likewise pay any and all governmental levies or assessments such as maintenance charges, owner association dues, charges, or fees, levies or charges resulting from covenants, conditions, and restrictions affecting the Mortgaged Property, which are assessed or imposed upon the Mortgaged Property or of any part thereof or become due and payable, and kind which create, may create, create or appear to create a lien upon the Mortgaged PropertyCollateral, or any part thereof. Mortgagor Grantor shall likewise pay all taxes, assessments, assessments and other charges, charges levied upon or assessed, placed, placed or made against, or measured by, this MortgageDeed of Trust, or the recordation hereof, or the indebtedness Obligations secured hereby. In the event of any legislative action or judicial decision after the date of this Deed of Trust, provided that imposing upon Beneficiary the Mortgagor shall not be obliged to pay such tax, assessment, or charge if such payment would be contrary to law or would result in the payment of an unlawful rate of interest on the indebtedness secured hereby; and provided further that nothing herein contained shall be construed as requiring Mortgagor obligation to pay any net incomesuch taxes, profitsassessments or other charges, or revenue deducting the amount secured by this Deed of Trust from the value of the Collateral for the purpose of taxation, or changing in any way the laws now in force for the taxation of mortgages, deeds of trust or debts secured thereby, or the manner of the operation of any such taxes so as to affect the interests of MortgageeBeneficiary, then, and in such event, Grantor shall bear and pay the full amount of such taxes, assessments or other charges. Mortgagor Grantor shall promptly furnish to the Mortgagee Beneficiary all notices received by the Mortgagor Grantor of amounts due under this paragraph and in the event Mortgagor shall make payment directly, Mortgagor shall promptly furnish to Mortgagee Beneficiary receipts evidencing such payments. Notwithstanding the foregoing, Beneficiary is responsible for the foregoing matters to the extent provided in the Property Management Agreement while that agreement is in effect. and for all such matters which exist prior to the date hereof.

Payment of Taxes, Assessments and Other Charges. (a) Subject to Section 1.07 payments in the manner provided under paragraph 2 hereof and to paragraph 9 relating to contests, the Mortgagor Borrower shall pay before a penalty might attach for nonpayment thereof, all taxes and assessments and all other charges whatsoever levied upon or assessed or placed against the Mortgaged Property, except that assessments may be paid in installments so long as no fine or penalty is added to any installment for the nonpayment thereof. Mortgagor The Borrower shall likewise pay any and all governmental levies or assessments such as maintenance charges, owner association dues, charges, dues or charges or fees, levies or charges resulting from covenants, conditions, conditions and restrictions affecting the Mortgaged Property, which are assessed or imposed upon the Mortgaged Property or any part thereof or become due and payable, and which create, may create, create or appear to create a lien upon the Mortgaged Property, or any part thereof. Mortgagor The Borrower shall likewise pay all taxes, assessments, assessments and other charges, levied upon or assessed, placed, placed or made against, or measured by, this MortgageDeed of Trust, or the recordation hereof, or the indebtedness Indebtedness secured hereby. In the event of any legislative action or judicial decision after the date of this Deed of Trust, provided that imposing upon the Mortgagor shall not be obliged to pay such tax, assessment, or charge if such payment would be contrary to law or would result in Lender the payment of an unlawful rate of interest on the indebtedness secured hereby; and provided further that nothing herein contained shall be construed as requiring Mortgagor obligation to pay any net incomesuch taxes, profitsassessments or other charges, or revenue deducting the amount secured by this Deed of Trust from the value of the Mortgaged Property for the purpose of taxation, or changing in any way the laws now in force for the taxation of mortgages, deeds of trust or debts secured thereby, or the manner of the operation of any such taxes so as to affect the interests of Mortgageethe Lender, then, and in such event, the Borrower shall bear and pay the full amount of such taxes, assessments or other charges. Mortgagor Notwithstanding the foregoing provisions of this paragraph 4, if for any reason payment by the Borrower of any such taxes, assessments or other charges would be unlawful, or if the payment thereof would render the indebtedness evidenced by the Note usurious, the Lender may declare the whole sum secured by this Deed of Trust, with interest thereon, to be immediately due and payable. The Borrower shall promptly furnish to the Mortgagee Lender all notices received by the Mortgagor Borrower of amounts due under this paragraph and in the event Mortgagor the Borrower shall make payment directly, Mortgagor the Borrower shall promptly furnish to Mortgagee the Lender receipts evidencing such payments.