Common use of Additional Taxes Clause in Contracts

Additional Taxes. In the event of the enactment after the date of this Deed of Trust of any law of the State of California or of any other governmental entity deducting from the value of the Property for the purpose of taxation any lien or security interest thereon, or imposing upon Beneficiary the payment of the whole or any part of the taxes or assessments or charges or liens herein required to be paid by Trustor, or changing in any way the laws relating to the taxation of deeds of trust or mortgages or security agreements or debts secured by deeds of trust or mortgages or security agreements or he interest of the mortgagee or secured party in the property covered thereby, or the manner of collection of such taxes, so as to affect this Deed of Trust or the Indebtedness secured hereby or Beneficiary, then, and in any such event, Trustor, upon demand by Beneficiary, shall pay such taxes, assessments, charges or liens, or reimburse Beneficiary therefor, provided, however, that if in the opinion of counsel for Beneficiary (a) it might be unlawful to require Trustor to make such payment, or (b) the making of such payment might result in the imposition of interest beyond the maximum amount permitted by law, then and in either such event, Beneficiary may elect, by notice in writing given to Trustor, to declare all of the Indebtedness secured hereby to be and become due and payable in full ninety (90) days from the giving of such notice.

Additional Taxes. In the event of the enactment after the this date of this Deed of Trust of any law of the State of California state where the Property is located or of any other governmental entity deducting from the value of the Property for the purpose of taxation any lien or security interest thereon, or imposing upon Beneficiary the payment of the whole or any part of the taxes or assessments or charges or liens herein required to be paid by TrustorGrantor, or changing in any way the laws relating to the taxation of deeds of trust or trust, mortgages or security agreements or debts secured by deeds of trust or trust, mortgages or security agreements or he the interest of the beneficiary, mortgagee or secured party in the property covered thereby, or the manner of collection of such taxes, so as to adversely affect this Deed of Trust or the Indebtedness indebtedness secured hereby or Beneficiary, then, and in any such event, TrustorGrantor, upon demand by Beneficiary, shall pay such taxes, assessments, charges or liens, or reimburse Beneficiary therefor, ; provided, however, that if in the opinion of counsel for Beneficiary (a) it might be unlawful to require Trustor Grantor to make such payment, or (b) the making of such payment might result in the imposition of interest beyond the maximum amount permitted by law, then and in either such event, Beneficiary may elect, by notice in writing given to TrustorGrantor, to declare all of the Indebtedness indebtedness secured hereby to be and become due and payable in full ninety full, sixty (9060) days from the giving of such notice.

Additional Taxes. In the event of the enactment after the this date of this Deed of Trust of any law of the State of California state where the Property is located or of any other governmental entity deducting from the value of the Property for the purpose of taxation any lien or security interest thereon, or imposing upon Beneficiary Lender the payment of the whole or any part of the taxes or assessments or charges or liens herein required to be paid by TrustorBorrower, or changing in any way the laws relating to the taxation of mortgages, deeds of trust or mortgages or security agreements or debts secured by mortgages, deeds of trust or mortgages or security agreements or he the interest of the mortgagee mortgagee, beneficiary or secured party in the property covered thereby, or the manner of collection of such taxes, so as to adversely affect this Deed of Trust or the Indebtedness indebtedness secured hereby or BeneficiaryLender, then, and in any such event, TrustorBorrower, upon demand by BeneficiaryLender, shall pay such taxes, assessments, charges or liens, or reimburse Beneficiary Lender therefor, ; provided, however, that if in the opinion of counsel for Beneficiary Lender (a) it might be unlawful to require Trustor Borrower to make such payment, or (b) the making of such payment might result in the imposition of interest beyond the maximum amount permitted by law, then and in either such event, Beneficiary Lender may elect, by notice in writing given to TrustorBorrower, to declare all of the Indebtedness indebtedness secured hereby to be and become due and payable in full ninety full, thirty (9030) days from the giving of such notice.

Additional Taxes. In the event of the enactment after the this date of this Deed of Trust of ---------------- any law of the State of California state where the Property is located or of any other governmental entity deducting from the value of the Property for the purpose of taxation any lien or security interest thereon, or imposing upon Beneficiary the payment of the whole or any part of the taxes or assessments or charges or liens herein required to be paid by TrustorGrantor, or changing in any way the laws relating to the taxation of deeds of trust or trust, mortgages or security agreements or debts secured by deeds of trust or trust, mortgages or security agreements or he the interest of the beneficiary, mortgagee or secured party in the property covered thereby, or the manner of collection of such taxes, so as to adversely affect this Deed of Trust or the Indebtedness indebtedness secured hereby or Beneficiary, then, and in any such event, TrustorGrantor, upon demand by Beneficiary, shall pay such taxes, assessments, charges or liens, or reimburse Beneficiary therefor, ; provided, however, that if in the -------- ------- ---- opinion of counsel for Beneficiary (a) it might be unlawful to require Trustor Grantor to make such payment, or (b) the making of such payment might result in the imposition of interest beyond the maximum amount permitted by law, then and in either such event, Beneficiary may elect, by notice in writing given to TrustorGrantor, to declare all of the Indebtedness indebtedness secured hereby to be and become due and payable in full ninety thirty (9030) days from the giving of such notice.

Additional Taxes. In the event of the enactment after the this date of this Deed of Trust of any law of the State of California state where the Property is located or of any other governmental entity deducting from the value of the Property for the purpose of taxation any lien or security interest thereon, or imposing upon Beneficiary the payment of the whole or any part of the taxes or assessments or charges or of liens herein required to be paid by TrustorGrantor, or changing in any way the laws relating to the taxation of deeds of trust or trust, mortgages or security agreements or debts secured by deeds of trust or trust, mortgages or security agreements or he the interest of the beneficiary, mortgagee or secured party in the property covered thereby, or the manner of collection of such taxes, so as to adversely affect this Deed of Trust or the Indebtedness indebtedness secured hereby or Beneficiary, then, and in any such event, TrustorGrantor, upon demand by Beneficiary, shall pay such taxes, assessments, charges or liens, or reimburse Beneficiary therefor, ; provided, however, that if in the opinion of counsel for Beneficiary (a) it might be unlawful to require Trustor Grantor to make such payment, or (b) the making of such payment might result in the imposition of interest beyond the maximum amount permitted by law, then and in either such event, Beneficiary may elect, by notice in writing given to TrustorGrantor, to declare all of the Indebtedness indebtedness secured hereby to be and become due and payable in full ninety thirty (9030) days from the giving of such notice.

Additional Taxes. In the event of the enactment after the this date of this Deed of Trust of any law of the State of California state where the Property is located or of any other governmental entity deducting from the value of the Property for the purpose of taxation any lien or security interest thereon, or imposing upon Beneficiary the payment of the whole or any part of the taxes or assessments or charges or liens herein required to be paid by TrustorGrantor, or changing in any way the laws relating to the taxation of deeds of trust or trust, mortgages or security agreements or debts secured by deeds of trust or trust, mortgages or security agreements or he the interest of the Beneficiary, mortgagee or secured party in the property covered thereby, or the manner of collection of such taxes, so as to adversely affect this Deed of Trust or the Indebtedness indebtedness secured hereby or Beneficiary, then, and in any such event, TrustorGrantor, upon demand by Beneficiary, shall pay such taxes, assessments, charges or liens, or reimburse Beneficiary therefor, ; provided, however, that if in the opinion of counsel for Beneficiary (a) it might be unlawful to require Trustor Grantor to make such payment, or (b) the making of such payment might result in the imposition of interest beyond the maximum amount permitted by law, then and in either such event, Beneficiary may elect, by notice in writing given to TrustorGrantor, to declare all of the Indebtedness indebtedness secured hereby to be and become due and payable in full ninety full, thirty (9030) days from the giving of such notice.