Common use of Changes in Tax, Debt, Credit and Documentary Stamp Laws Clause in Contracts

Changes in Tax, Debt, Credit and Documentary Stamp Laws. () If any law is enacted or adopted or amended after the date of this Security Instrument which deducts the Debt from the value of the Property for the purpose of taxation or which imposes a tax, either directly or indirectly, on the Debt or Lender's interest in the Property, Borrower will pay the tax, with interest and penalties thereon, if any. If Lender is advised by counsel chosen by it that the payment of tax by Borrower would be unlawful or taxable to Lender or unenforceable or provide the basis for a defense of usury, then Lender shall have the option by written notice of not less than ninety (90) days to declare the Debt immediately due and payable.

Changes in Tax, Debt, Credit and Documentary Stamp Laws. (a) If any law is enacted or adopted or amended after the date of this Security Instrument Agreement which deducts the Debt from the value of the Property for the purpose of taxation or and which imposes a tax, either directly or indirectly, on the Debt or Lender's ’s interest in the PropertyCollateral, Borrower will pay the tax, with interest and penalties thereon, if any. If Lender is advised by counsel chosen by it that the payment of tax by Borrower would be unlawful or taxable to Lender or unenforceable or provide the basis for a defense of usury, usury then Lender shall have the option by written notice of not less than ninety one hundred twenty (90120) days to declare the Debt immediately due and payablepayable without premium or penalty.

Changes in Tax, Debt, Credit and Documentary Stamp Laws. () If any law is enacted or adopted or amended after the date of this Security Instrument which deducts the Debt from the value of the Property for the purpose of taxation or which imposes a taxTAX, either directly or indirectly, on the Debt or Lender's interest in the Property, Borrower will pay the taxTAX, with interest and penalties thereon, if any. If Lender is advised by counsel chosen by it that the payment of tax TAX by Borrower would be unlawful or taxable to Lender or unenforceable or provide the basis for a defense of usury, then Lender shall have the option by written notice of not less than ninety (90) days to declare the Debt immediately due and payable.

Changes in Tax, Debt, Credit and Documentary Stamp Laws. (a) If any law is enacted or adopted or amended after the date of this Security Instrument Agreement which deducts the Debt from the value of the any Individual Property for the purpose of taxation or which imposes a tax, either directly or indirectly, on the Debt or Lender's ’s interest in the any Individual Property, Borrower will pay the tax, with interest and penalties thereon, if any. If Lender is advised by counsel chosen by it that the payment of tax by Borrower would be unlawful or taxable to Lender or unenforceable or provide the basis for a defense of usury, usury then Lender shall have the option by written notice of not less than ninety one hundred twenty (90120) days to declare the Debt immediately due and payablepayable and no prepayment penalty or premium shall be due in connection therewith.

Changes in Tax, Debt, Credit and Documentary Stamp Laws. () If any law is enacted or adopted or amended after the date of this Security Instrument Agreement which deducts the Debt from the value of the any Individual Property for the purpose of taxation or which imposes a tax, either directly or indirectly, on the Debt or Lender's ’s interest in the an Individual Property, Borrower will pay the tax, with interest and penalties thereon, if any. If Lender is advised by counsel chosen by it that the payment of tax by Borrower would be unlawful or taxable to Lender or unenforceable or provide the basis for a defense of usury, usury then Lender shall have the option by written notice of not less than ninety one hundred twenty (90120) days to declare the Debt immediately due and payable.

Changes in Tax, Debt, Credit and Documentary Stamp Laws. () If any law is enacted or adopted or amended after the date of this Security Instrument Agreement which deducts the Debt from the value of the Property for the purpose of taxation or and which imposes a tax, either directly or indirectly, on the Debt or Lender's ’s interest in the Property, Borrower Borrowers will pay the tax, with interest and penalties thereon, if any. If Lender is advised by counsel chosen by it that the payment of tax by Borrower Borrowers would be unlawful or taxable to Lender or unenforceable or provide the basis for a defense of usury, usury then Lender shall have the option by written notice of not less than ninety (90) days to declare the Debt immediately due and payable.

Changes in Tax, Debt, Credit and Documentary Stamp Laws. () If any law is enacted or adopted or amended after the date of this Security Instrument Mortgage which deducts the Debt from the value of the Property for the purpose of taxation or which imposes a tax, either directly or indirectly, on the Debt or Lender's ’s interest in the Property, Borrower will pay the tax, with interest and penalties thereon, if any. If Lender is advised by counsel chosen by it that the payment of tax by Borrower would be unlawful or taxable to Lender or unenforceable or provide the basis for a defense of usury, usury then Lender shall have the option by written notice of not less than ninety one hundred twenty (90120) days to declare the Debt immediately due and payable. Any such repayment shall be made without premium or penalty (including but not limited to any Yield Maintenance Premium).