Common use of Mortgage Taxes Clause in Contracts

Mortgage Taxes. At any time any law shall be enacted imposing or authorizing the imposition of any tax upon this Deed of Trust, or upon any lien created hereby, immediately pay all such taxes; provided that, in the alternative, Grantor may, in the event of the enactment of such a law, and must, if it is unlawful for Grantor to pay such taxes, prepay that portion of the Obligation which Beneficiary in good faith determines is secured by property covered by such law within 60 days after demand therefor by Beneficiary.

Mortgage Taxes. At any time any law Law shall be enacted imposing or authorizing the imposition of any tax upon this Deed of Trust, or upon any lien Lien created hereby, Grantor will immediately pay all such taxes; provided that, in the alternative, Grantor may, in the event of the enactment of such a lawLaw, and must, if it is unlawful for Grantor to pay such taxes, prepay that portion of the Obligation which Beneficiary in good faith determines is secured by property covered by such law Law within 60 sixty (60) days after demand therefor by Beneficiary.

Mortgage Taxes. At any time any law shall be enacted imposing or authorizing the imposition of any tax upon this Deed of Trust, or upon any lien created hereby, immediately pay all such taxes; provided that, in the alternative, Grantor may, in the event of the enactment of such a law, and must, if it is unlawful for Grantor to pay such taxes, prepay that portion of the Obligation which Beneficiary in good faith determines is secured by property covered by such law lay within 60 days after demand therefor by Beneficiary.

Mortgage Taxes. At any time any law shall be enacted imposing or authorizing the imposition of any tax upon this Deed of TrustofTrust, or upon any lien created hereby, immediately pay all such taxes; provided that, in the alternative, Grantor may, in the event of the enactment of such a law, and must, if it is unlawful for Grantor to pay such taxes, prepay that portion of the Obligation which Beneficiary in good faith determines is secured by property covered by such law within 60 days after demand therefor by Beneficiary.