Common use of Additional Taxes Clause in Contracts

Additional Taxes. In the event of the enactment after this date of any law of the state where the Property is located or of any other governmental entity deducting from the value of the Property for the purpose of taxation any lien or security interest thereon, or imposing upon Beneficiary 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, mortgages or security agreements or debts secured by deeds of trust, mortgages or security agreements or the interest of the beneficiary, mortgagee or secured party in the property covered thereby, or the manner of collection of such taxes, so as to adversely affect this Deed of Trust or the indebtedness secured hereby or Beneficiary, then, and in any such event, Grantor, upon demand by Beneficiary, shall pay such taxes, assessments, charges or liens, or reimburse Beneficiary therefor; provided, however, that if in the opinion of counsel for Beneficiary (a) it might be unlawful to require Grantor to make such payment, or (b) the making of such payment might result in the imposition of interest beyond the maximum amount permitted by law, then and in either such event, Beneficiary may elect, by notice in writing given to Grantor, to declare all of the indebtedness secured hereby to be and become due and payable in full, sixty (60) days from the giving of such notice.

Additional Taxes. In the event of the enactment after this date of any law of the state where the Property is located or of any other governmental entity deducting from the value of the Property for the purpose of taxation any lien or security interest thereon, or imposing upon Beneficiary Lender the payment of the whole or any part of the taxes or assessments or charges or liens herein required to be paid by GrantorBorrower, or changing in any way the laws relating to the taxation of mortgages, deeds of trust, mortgages trust or security agreements or debts secured by mortgages, deeds of trust, mortgages trust or security agreements or the interest of the beneficiarymortgagee, mortgagee beneficiary or secured party in the property covered thereby, or the manner of collection of such taxes, so as to adversely affect this Security Deed of Trust or the indebtedness secured hereby or BeneficiaryLender, then, and in any such event, GrantorBorrower, upon demand by BeneficiaryLender, shall pay such taxes, assessments, charges or liens, or reimburse Beneficiary Lender therefor; provided, however, that if in the opinion of counsel for Beneficiary Lender (a) it might be unlawful to require Grantor Borrower to make such payment, or (b) the making of such payment might result in the imposition of interest beyond the maximum amount permitted by law, then and in either such event, Beneficiary Lender may elect, by notice in writing given to GrantorBorrower, to declare all of the indebtedness secured hereby to be and become due and payable in full, sixty thirty (6030) days from the giving of such notice.

Additional Taxes. In the event of the enactment after the date of this date Deed of Trust of any law of the state where the Property is located State of California or of any other governmental entity deducting from the value of the Property for the purpose of taxation any lien or security interest thereon, or imposing upon Beneficiary the payment of the whole or any part of the taxes or assessments or charges or liens herein required to be paid by GrantorTrustor, or changing in any way the laws relating to the taxation of deeds of trust, trust or mortgages or security agreements or debts secured by deeds of trust, trust or mortgages or security agreements or the he interest of the beneficiary, mortgagee or secured party in the property covered thereby, or the manner of collection of such taxes, so as to adversely affect this Deed of Trust or the indebtedness Indebtedness secured hereby or Beneficiary, then, and in any such event, GrantorTrustor, upon demand by Beneficiary, shall pay such taxes, assessments, charges or liens, or reimburse Beneficiary therefor; , provided, however, that if in the opinion of counsel for Beneficiary (a) it might be unlawful to require Grantor Trustor to make such payment, or (b) the making of such payment might result in the imposition of interest beyond the maximum amount permitted by law, then and in either such event, Beneficiary may elect, by notice in writing given to GrantorTrustor, to declare all of the indebtedness Indebtedness secured hereby to be and become due and payable in full, sixty full ninety (6090) days from the giving of such notice.

Additional Taxes. In the event of the enactment after this date of any law of the state where the Property is located or of any other governmental entity deducting from the value of the Property for the purpose of taxation any lien or security interest thereon, or imposing upon Beneficiary the payment of the whole or any part of the taxes or assessments or charges or of liens herein required to be paid by Grantor, or changing in any way the laws relating to the taxation of deeds of trust, mortgages or security agreements or debts secured by deeds of trust, mortgages or security agreements or the interest of the beneficiary, mortgagee or secured party in the property covered thereby, or the manner of collection of such taxes, so as to adversely affect this Deed of Trust or the indebtedness secured hereby or Beneficiary, then, and in any such event, Grantor, upon demand by Beneficiary, shall pay such taxes, assessments, charges or liens, or reimburse Beneficiary therefor; provided, however, that if in the opinion of counsel for Beneficiary (a) it might be unlawful to require Grantor to make such payment, or (b) the making of such payment might result in the imposition of interest beyond the maximum amount permitted by law, then and in either such event, Beneficiary may elect, by notice in writing given to Grantor, to declare all of the indebtedness secured hereby to be and become due and payable in full, sixty full thirty (6030) days from the giving of such notice.

Additional Taxes. In the event of the enactment after this date of any law of the state where the Property is located or of any other governmental entity deducting from the value of the Property for the purpose of taxation any lien or security interest thereon, or imposing upon Beneficiary 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, mortgages or security agreements or debts secured by deeds of trust, mortgages or security agreements or the interest of the beneficiaryBeneficiary, mortgagee or secured party in the property covered thereby, or the manner of collection of such taxes, so as to adversely affect this Deed of Trust or the indebtedness secured hereby or Beneficiary, then, and in any such event, Grantor, upon demand by Beneficiary, shall pay such taxes, assessments, charges or liens, or reimburse Beneficiary therefor; provided, however, that if in the opinion of counsel for Beneficiary (a) it might be unlawful to require Grantor to make such payment, or (b) the making of such payment might result in the imposition of interest beyond the maximum amount permitted by law, then and in either such event, Beneficiary may elect, by notice in writing given to Grantor, to declare all of the indebtedness secured hereby to be and become due and payable in full, sixty thirty (6030) days from the giving of such notice.

Additional Taxes. In the event of the enactment after this date of any law of the state where the Property is located or of any other governmental entity deducting from the value of the Property for the purpose of taxation any lien or security interest thereon, or imposing upon Beneficiary Lender the payment of the whole or any part of the taxes or assessments or charges or liens herein required to be paid by GrantorBorrower, or changing in any way the laws relating to the taxation of mortgages, deeds of trust, mortgages trust or security agreements or debts secured by mortgages, deeds of trust, mortgages trust or security agreements or the interest of the beneficiarymortgagee, mortgagee beneficiary or secured party in the property covered thereby, or the manner of collection of such taxes, so as to adversely affect this Deed of Trust or the indebtedness secured hereby or BeneficiaryLender, then, and in any such event, GrantorBorrower, upon demand by BeneficiaryLender, shall pay such taxes, assessments, charges or liens, or reimburse Beneficiary Lender therefor; provided, however, that if in the opinion of counsel for Beneficiary Lender (a) it might be unlawful to require Grantor Borrower to make such payment, or (b) the making of such payment might result in the imposition of interest beyond the maximum amount permitted by law, then and in either such event, Beneficiary Lender may elect, by notice in writing given to GrantorBorrower, to declare all of the indebtedness secured hereby to be and become due and payable in full, sixty thirty (6030) days from the giving of such notice.