Common use of Intangible and Other Taxes Clause in Contracts

Intangible and Other Taxes. Except as otherwise permitted by the Credit Agreement, Mortgagor shall pay any and all taxes, charges, filing, registration and recording fees, excises, and levies imposed upon Mortgagee by reason of its ownership of this Mortgage, or by reason of the recording or filing thereof, or any security Mortgage supplemental hereto, any security Mortgage or UCC financing statement with respect to any fixtures or personal property owned by Mortgagor at the Mortgaged Property and any Mortgage of further assurance (other than income, franchise and doing business taxes and any and all other Excluded Taxes), and shall pay all stamp or intangible taxes and other taxes required to be paid on this Mortgage, except any taxes or fees in connection with Mortgagee’s sale or assignment thereof and any and all other Excluded Taxes. In the event Mortgagor fails to make such payment within ten (10) days after written demand therefor, then Mortgagee shall have the right, but shall not be obligated, to pay the amount due, and Mortgagor shall reimburse Mortgagee for said amount, within ten (10) days after written demand therefor, and until so paid said amount shall become part of the Mortgage Obligations. The provisions of this Section shall survive the foreclosure of this Mortgage, any transfer of the Mortgaged Property, and as otherwise provided in Section 10.8 of the Credit Agreement and Section 7.14 of this Mortgage.