Taxes on Mortgagee. Mortgagor will pay any taxes, except income taxes, imposed on Mortgagee by reason of its ownership of the Note or this Mortgage, provided that Mortgagee can require payment of the Note in full within ninety (90) days if it shall be illegal for Mortgagor to pay any tax or if the payment of such tax by Mortgagor would result in the violation of applicable usury laws.
Appears in 3 contracts
Samples: Fee and Leasehold Mortgage, Assignment of Leases and Rents and Security Agreement (Apple Suites Inc), Fee and Leasehold Mortgage, Assignment of Leases and Rents and Security Agreement (Apple Suites Inc), Fee and Leasehold Mortgage, Assignment of Leases and Rents and Security Agreement (Apple Suites Inc)
Taxes on Mortgagee. Mortgagor will pay any taxes, except income taxes, imposed on Mortgagee by reason of its their ownership of the Note or this Mortgage, provided that Mortgagee can require payment of the Note in full within ninety (90) days if it shall be illegal for Mortgagor to pay any tax or if the payment of such tax by Mortgagor would result in the violation of applicable usury lawslaws .
Appears in 2 contracts
Samples: Fee and Leasehold Deed to Secure Debt, Assignment of Leases and Rents and Security Agreement (Apple Suites Inc), Fee and Leasehold Deed to Secure Debt, Assignment of Leases and Rents and Security Agreement (Apple Suites Inc)
Taxes on Mortgagee. Mortgagor will pay any taxes, except income taxes, imposed on Mortgagee by reason of its their ownership of the Note or this Mortgage, provided that Mortgagee can require payment of the Note in full within ninety (90) days if it shall be illegal for Mortgagor to pay any tax or if the payment of such tax by Mortgagor would result in the violation of applicable usury laws.
Appears in 2 contracts
Samples: Fee and Leasehold Deed to Secure Debt, Assignment of Leases and Rents and Security Agreement (Apple Suites Inc), Fee and Leasehold Deed to Secure Debt, Assignment of Leases and Rents and Security Agreement (Apple Suites Inc)
