Common use of Real Property Taxes; Special Assessments Clause in Contracts

Real Property Taxes; Special Assessments. To Borrower’s actual knowledge, there are no unpaid or outstanding real estate or other taxes or assessments on or against the Collateral Property or any part thereof which are payable by Borrower, the Guarantors or Assignor (except only real estate or other taxes or assessments, that are not yet due and payable). Borrower has delivered to Lender true and correct copies of real estate tax bills for the Collateral Property for the most recent calendar year. No abatement proceedings are pending with reference to any real estate taxes assessed against the Collateral Property, other than with respect to taxes which have been paid under protest and which are being contested in good faith. Except as set forth in the Title Policy delivered to Lender, to Borrower’s actual knowledge, there are no betterment assessments or other special assessments presently pending with respect to any portion of the Collateral Property, and none of Borrower, the Guarantors or Assignor have received any notice of any such special assessment being contemplated.

Real Property Taxes; Special Assessments. To Borrower’s actual knowledge, there are no unpaid or outstanding real estate or other taxes or assessments on or against the Collateral -27- Property or any part thereof which are payable by Borrower, the Guarantors or Assignor Owner (except only real estate or other taxes or assessments, that are not yet due and payable). Borrower has delivered to Lender true and correct copies of real estate tax bills for the Collateral Property for the most recent calendar year. No abatement proceedings are pending with reference to any real estate taxes assessed against the Collateral Property, other than with respect to taxes which have been paid under protest and which are being contested in good faith. Except as set forth in the Title Policy delivered to Lender, to Borrower’s actual knowledge, there are no betterment assessments or other special assessments presently pending with respect to any portion of the Collateral Property, and none of Borrower, the Guarantors or Assignor Owner have received any notice of any such special assessment being contemplated.

Real Property Taxes; Special Assessments. To Borrower’s actual knowledge, there are no unpaid or outstanding real estate or other taxes or assessments on or against the Collateral Property or any part thereof which are payable by Borrower, the Guarantors or Assignor Owner (except only real estate or other taxes or assessments, that are not yet due and payable). Borrower has delivered to Lender true and correct copies of real estate tax bills for the Collateral Property for the most recent calendar year. No abatement proceedings are pending with reference to any real estate taxes assessed against the Collateral Property, other than with respect to taxes which have been paid under -26- protest and which are being contested in good faith. Except as set forth in the Title Policy delivered to Lender, to Borrower’s actual knowledge, there are no betterment assessments or other special assessments presently pending with respect to any portion of the Collateral Property, and none of Borrower, the Guarantors or Assignor Owner have received any notice of any such special assessment being contemplated.