Taxes on Deed of Trust. Grantor will promptly pay all income, franchise and other taxes owing by Grantor and any stamp, documentary, recordation and transfer taxes or other taxes (unless such payment by Grantor is prohibited by law) which may be required to be paid with respect to any Note, this Deed of Trust or any other instrument evidencing or securing any of the Secured Indebtedness. In the event of the enactment after this date of any law of any governmental entity applicable to Holder, any Lender, the Property or this Deed of Trust deducting from the value of property for the purpose of taxation any lien or security interest thereon, or imposing upon Holder or any Lender the payment of the whole or any part of the taxes or assessments or charges or liens herein required to be paid by Grantor, or changing in any way the laws relating to the taxation of deeds of trust or mortgages or security agreements or debts secured by deeds of trust or mortgages or security agreements or the interest of the mortgagee or secured party in the property covered thereby, or the manner of collection of such taxes, so as to affect this Deed of Trust or the Secured Indebtedness or Holder or any Lender, then, and in any such event, Grantor, upon demand by Xxxxxx, shall pay such taxes, assessments, charges or liens, or reimburse Holder therefor (for its own account or the account of the affected Lender(s), as applicable); provided, however, that if in the opinion of counsel for Holder (i) it might be unlawful to require Grantor to make such payment or (ii) the making of such payment might result in the imposition of interest beyond the maximum amount permitted by law, then and in such event, Holder may elect, by notice in writing given to Grantor, to declare all of the Secured Indebtedness to be and become due and payable sixty (60) days from the giving of such notice.
Taxes on Deed of Trust. At any time any law shall be enacted imposing or authorizing the imposition of any tax upon this Deed of Trust, or upon any rights, titles, liens, or security interests created hereby, Grantor shall immediately pay all such taxes.
Taxes on Deed of Trust. Trustor shall protect Beneficiary insofar as ---------------------- it may be lawful so to do, against any and all loss from any taxation on indebtedness or deeds of trust, direct or indirect, that may be or might be imposed on this Deed of Trust, or the lien of this Deed of Trust on said Property, or upon the debt hereby secured, by any law, rule, regulation or levy of the Federal government or of the State of Arizona, or any political subdivision thereof, by the payment by the Trustor of any such tax or taxes, other than income taxes. Should the Trustor fail, neglect or refuse to pay before the same becomes delinquent any such tax or taxes, Beneficiary may, at its option, pay the same, and the amount or amounts thereof shall be secured by this Deed of Trust, shall be due and payable on demand, and shall bear interest at the Default Rate of Interest as defined in the Note, from the date of payment by Beneficiary. In the event the burden of any such taxation on indebtedness or deeds of trust cannot lawfully be shifted from Beneficiary to Trustor, Beneficiary may, at its option, declare the whole unpaid principal balance, together with accrued interest, due and payable thirty (30) days after notice to Trustor.
Taxes on Deed of Trust. Grantor will promptly pay all income, franchise and other taxes owing by Grantor and any stamp taxes which may be required to be paid with respect to this Deed of Trust except to the extent the same are not due and payable or are contested by Grantor in good faith.
