Common use of Taxes and Other Impositions Clause in Contracts

Taxes and Other Impositions. To pay, when due according to law, all taxes, assessments and other charges which are now due or may hereafter be imposed or assessed upon the Premises, or any part thereof, or that may be imposed or assessed against the holder of this Mortgage (except when contested in good faith and when appropriate reserves are established) and the Note by reason of ownership thereof, by any authority, be it federal, state, county or city including, but not limited to, charges imposed upon the Premises under any applicable declaration of condominium. Upon the failure of Mortgagor promptly to pay such taxes, assessments and other charges, Mortgagee shall have the option to pay and discharge the same after written notice to Mortgagor, and any sum so expended by Mortgagee shall at once become indebtedness owing from Mortgagor to Mortgagee, shall be immediately due and payable by Mortgagor with interest thereon to the extent legally enforceable at the rate of interest provided in the Note in the event of default and shall together be added to the Indebtedness Hereby Secured. Upon the request of Mortgagee, Mortxxxxx xxxl promptly provide Mortgagee with evidence of payment of the above taxes, assessments and other charges imposed or assessed upon the Premises.

Taxes and Other Impositions. To pay, when due according to law, all taxes, assessments and other charges which are now due or may hereafter be imposed or assessed upon the Premises, or any part thereof, or that may be imposed or assessed against the holder of this Mortgage (except when contested in good faith and when appropriate reserves are established) and the Note by reason of ownership thereof, by any authority, be it federal, state, county or city includingcity, including but not limited to, to charges imposed upon the Premises under any applicable declaration of condominium. Upon the failure of Mortgagor promptly to pay such taxes, assessments and other charges, Mortgagee shall have the option to pay and discharge the same after written notice to Mortgagor, and any sum so expended by Mortgagee shall at once become indebtedness owing from Mortgagor to Mortgagee, shall be immediately due and payable by Mortgagor with interest thereon to the extent legally enforceable at the rate Default Rate of interest Interest provided in the Note Reimbursement Agreement in the event of default and shall together be added to the Indebtedness Hereby Secured. Upon the request of Mortgagee, Mortxxxxx xxxl promptly provide Mortgagee with evidence of payment of the above taxes, assessments and other charges imposed or assessed upon the Premises.

Taxes and Other Impositions. To pay, when due according to law, all taxes, assessments and other charges which are now due or may hereafter be imposed or assessed upon the Premises, or any part thereof, or that may be imposed or assessed against the holder of this Mortgage (except when contested in good faith and when appropriate reserves are established) and the Note by reason of ownership thereof, by any authority, be it federal, state, county or city includingcity, including but not limited to, to charges imposed upon the Premises under any applicable declaration of condominium. Upon the failure of Mortgagor promptly to pay such taxes, assessments and other charges, Mortgagee shall have the option to pay and discharge the same after written notice to Mortgagor, and any sum so expended by Mortgagee shall at once become indebtedness owing from Mortgagor to Mortgagee, shall be immediately due and payable by Mortgagor with interest thereon to the extent legally enforceable at the rate of interest provided in the Note in the event of default and shall together be added to the Indebtedness Hereby Secured. Upon the request of Mortgagee, Mortxxxxx xxxl promptly provide Mortgagee with evidence of payment of the above taxes, assessments and other charges imposed or assessed upon the Premises.

Taxes and Other Impositions. To paypay when due according to law, or to cause to be paid when due according to law, all taxes, assessments and other charges which are now due or may hereafter be imposed or assessed upon the Premises, or any part thereof, or that may be imposed or assessed against the holder of this Mortgage (except when contested in good faith and when appropriate reserves are established) and the Note by reason of ownership thereof, by any authority, be it federal, state, county or city includingcity, including but not limited to, to charges imposed upon the Premises under any applicable declaration of condominium. Upon the failure of Mortgagor promptly to pay such taxes, assessments and other charges, Mortgagee shall have the option to pay and discharge the same after written without notice to Mortgagor, and any sum so expended by Mortgagee shall at once become indebtedness owing from Mortgagor to Mortgagee, shall be immediately due and payable by Mortgagor with interest thereon to the extent legally enforceable at the rate of interest provided in the Note in the event of default and shall together be added to the Indebtedness Hereby Secured. Upon the request of Mortgagee, Mortxxxxx xxxl Mortgagor will promptly provide Mortgagee with evidence of payment of the above taxes, assessments and other charges imposed or assessed upon the Premises.