No Credits on Account of the Debt. Borrower will not claim, demand or be entitled to any credit or credits on account of the Debt for any part of the Taxes or Other Charges assessed against the Property, or any part thereof, and no deduction shall otherwise be made or claimed from the assessed value of the Property, or any part thereof, for real estate tax purposes by reason of this Deed of Trust or the Debt. In the event such claim, credit or deduction shall be required by law, Beneficiary shall have the option, by written notice of not less than ninety (90) days, to declare the Debt immediately due and payable.
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Samples: Deed of Trust, Leasehold Deed of Trust, Assignment of Leases and Profits, Security Agreement and Fixture Filing (Innkeepers Usa Trust/Fl), Deed of Trust, Leasehold Deed of Trust, Assignment of Leases and Profits, Security Agreement and Fixture Filing (Innkeepers Usa Trust/Fl), Deed of Trust, Leasehold Deed of Trust, Assignment of Leases and Profits, Security Agreement and Fixture Filing (Innkeepers Usa Trust/Fl)
No Credits on Account of the Debt. Borrower will not claim, claim or demand or be entitled to any credit or credits on account of the Debt for any part of the Taxes or Other Charges assessed against the Property, or any part thereof, and no deduction shall otherwise be made or claimed from the assessed value of the Property, or any part thereof, for real estate tax purposes by reason of this Deed of Trust Security Instrument or the Debt. In the event such claim, credit or deduction shall be required by law, Beneficiary Lender shall have the option, by written notice of not less than ninety (90) days, to declare the Debt immediately due and payable.
Appears in 2 contracts
Samples: Deed of Trust, Security Agreement, Fixture Filing and Assignment of Leases and Rents (Investors First Staged Equity L P), Deed of Trust, Security Agreement, Fixture Filing and Assignment of Leases and Rents (Investors First Staged Equity L P)
No Credits on Account of the Debt. Borrower will not claim, claim or demand ------------------------------------- or be entitled to any credit or credits on account of the Debt for any part of the Taxes or Other Charges assessed against the Property, or any part thereof, and no deduction shall otherwise be made or claimed from the assessed value of the Property, or any part thereof, for real estate tax purposes by reason of this Deed of Trust Mortgage or the Debt. In the event such claim, credit or deduction shall be required by law, Beneficiary Lender shall have the option, by written notice of not less than ninety (90) days, to declare the Debt immediately due and payable.
Appears in 1 contract
Samples: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Cytation Corp)
No Credits on Account of the Debt. Borrower will not claim, claim or demand or be entitled to any credit or credits on account of the Debt for any part of the Taxes or Other Charges assessed against the Property, or any part thereof, and no deduction shall otherwise be made or claimed from the assessed value of the Property, or any part thereof, for real estate tax purposes by reason of this Security Deed of Trust or the Debt. In the event such claim, credit or deduction shall be required by law, Beneficiary Lender shall have the option, by written notice of not less than ninety (90) days, to declare the Debt immediately due and payable, in which event the payment of the Debt shall be without any prepayment or yield maintenance premium or penalty.
Appears in 1 contract
Samples: Deed to Secure Debt, Assignment of Rents and Security Agreement (NNN Healthcare/Office REIT, Inc.)
No Credits on Account of the Debt. Borrower will not claim, demand or be entitled to any credit or credits on account of the Debt for any part of the Taxes or Other Charges assessed against the Property, or any part thereof, and no deduction shall otherwise be made or claimed from the assessed value of the Property, or any part thereof, for real estate tax purposes by reason of this Deed of Trust or the Debt. In the event such claim, credit or deduction shall be required by law, Beneficiary 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.
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No Credits on Account of the Debt. Borrower will not claim, claim or demand or be entitled to any credit or credits on account of the Debt for any part of the Taxes or Other Charges assessed against the Property, or any part thereof, and no deduction shall otherwise be made or claimed from the assessed value of the Property, or any part thereof, for real estate tax purposes by reason of this Deed of Trust Security Instrument or the Debt. In the event such claim, credit or deduction shall be required by law, Beneficiary Grantee shall have the option, by written notice of not less than ninety (90) days, to declare the Debt immediately due and payable.
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No Credits on Account of the Debt. Borrower will not claim, claim or demand or be entitled to any credit or credits on account of the Debt for any part of the Taxes or Other Charges assessed against the Property, or any part thereof, and no deduction shall otherwise be made or claimed from the assessed value of the Property, or any part thereof, for real estate tax purposes by reason of this Deed of Trust the Loan Documents or the Debt. In the event such claim, credit or deduction shall be required by law, Beneficiary 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.
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