Common use of Certain Tax Law Changes Clause in Contracts

Certain Tax Law Changes. In the event of the passage after the date hereof of any law deducting from the value of real property, for the purpose of taxation, amounts in respect of any Lien thereon or changing in any way the laws for the taxation of mortgages or debts secured by mortgages for state or local purposes or the manner of the collection of any taxes, and imposing any taxes, either directly or indirectly, on this Security Instrument or any other Note Document, the Grantor shall promptly pay to the Grantee such amount or amounts as may be necessary from time to time to pay any such taxes, assessments or other charges resulting therefrom; provided, that if any such payment or reimbursement shall be unlawful or taxable to the Grantee, or would constitute usury or render the indebtedness wholly or partially usurious under Applicable Laws, the Grantor shall pay or reimburse the Grantee for payment of the lawful and non-usurious portion thereof.

Certain Tax Law Changes. In the event of the passage after the date hereof of any law Laws deducting from the value of real property, for the purpose of taxation, amounts in respect of any Lien thereon or changing in any way the laws for the taxation of mortgages or debts secured by mortgages for state or local purposes or the manner of the collection of any taxes, and imposing any taxes, either directly or indirectly, on this Security Instrument Mortgage or any other Note Loan Document, the Grantor Mortgagor shall promptly pay to the Grantee Mortgagee such amount or amounts as may be necessary from time to time to pay any such taxes, assessments or other charges resulting therefrom; provided, that if any such payment or reimbursement shall be unlawful or taxable to the GranteeMortgagee, or would constitute usury or render the indebtedness wholly or partially usurious under Applicable applicable Laws, the Grantor Mortgagor shall pay or reimburse the Grantee Mortgagee for payment of the lawful and non-usurious portion thereof.

Certain Tax Law Changes. In the event of the passage after the date hereof of any law deducting from the value of real property, for the purpose of taxation, amounts in respect of any Lien thereon or changing in any way the laws for the taxation of mortgages or debts secured by mortgages for state or local purposes or the manner of the collection of any taxes, and imposing any taxes, either directly or indirectly, on this Security Instrument Mortgage or any other Note Credit Document, the Grantor Mortgagor shall promptly pay to the Grantee Mortgagee such amount or amounts as may be necessary from time to time to pay any such taxes, assessments or other charges resulting therefrom; provided, that if any such payment or reimbursement shall be unlawful or taxable to the GranteeMortgagee, or would constitute usury or render the indebtedness wholly or partially usurious under Applicable Lawsapplicable law, the Grantor Mortgagor shall pay or payor reimburse the Grantee Mortgagee for payment of the lawful and non-usurious portion thereof.

Certain Tax Law Changes. In the event of the passage after the date hereof of any law deducting from the value of real property, for the purpose of taxation, amounts in respect of any Lien thereon or changing in any way the laws for the taxation of mortgages or debts secured by mortgages for state or local purposes or the manner of the collection of any taxes, and imposing any taxes, either directly or indirectly, on this Security Instrument Mortgage or any other Note Loan Document, the Grantor Mortgagor shall promptly pay to the Grantee Mortgagee such amount or amounts as may be necessary from time to time to pay any such taxes, assessments or other charges resulting therefrom; provided, that if any such payment or reimbursement shall be unlawful or taxable to the GranteeMortgagee, or would constitute usury or render the indebtedness wholly or partially usurious under Applicable Lawsapplicable law, the Grantor Mortgagor shall pay or reimburse the Grantee Mortgagee for payment of the lawful and non-usurious portion thereof.