COVENANTS, AGREEMENTS, WARRANTIES OF BORROWER. Borrower has agreed and does by these presents covenant and agree to perform and fulfill all the provisions hereof and of the Note secured hereby, including specifically but without limiting the generality of the foregoing: (1.1) Borrower shall duly and punctually pay each and every installment of principal and interest on the Note and all other sums due hereunder (hereinafter the "Indebtedness" or the "Indebtedness Secured Hereby"), as and when the same shall become due, and shall duly and punctually perform and observe all of the covenants, agreements and provisions contained herein, in the Note and any other instrument given as security for the payment of the Note; (1.2) Borrower shall pay when due and before any penalty attaches all general and special taxes, ground rents, water charges, sewer charges, and other fees, taxes, charges and assessments of every kind and nature whatsoever, whether or not assessed against Borrower, if applicable to the Premises or any interest therein, or the Indebtedness Secured Hereby, or any obligation or agreement secured hereby and will upon demand furnish to the Lender proof of the payment of any such taxes, assessments and charges; in the event that the Borrower has deposited in escrow sums required by the Lender under Paragraph (1.9) hereof, Borrower shall nevertheless be required to pay any deficiencies or amounts required in addition to the amounts so deposited in escrow to completely pay and discharge the obligations of Borrower for payment of such taxes, assessments, ground rents and other charges and assessments as hereinabove stated. The Borrower shall not be obligated to pay any income tax, profits tax, excise tax or other tax or charge that may be payable by the Lender, excepting only such which may be levied against such income expressly as and for a specific substitute for taxes on the Premises and then only in an amount computed as if Lender derived no income from any source other than its interest hereunder. In the event of a court decree or an enactment after the date hereof by any legislative authority having jurisdiction over the Premises of any law deducting from the value of real estate for the purposes of taxation any lien thereon or imposing upon a mortgagee the payment of the whole or any part of the taxes or assessments or charges or liens herein required to be paid by Xxxxxxxx, or changing in any way the laws relating to the taxation of mortgages or debts secured by mortgages or a mortgagee's in...
