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89105089
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Last modified
10/20/2011 11:54:09 AM
Creation date
10/20/2005 10:02:20 PM
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DEEDS
Inst Number
89105089
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i <br />c <br />$9- 105089 <br />nants, conditions#, and prohibitions required of Grantor by the <br />tens of the Loan Documents* <br />41.3 other zwunbraaces• Grantor will promptly and <br />- - - <br />-- *1 -: - -- -,.A <br />strictly perform Ana cmWLY WL16U wii. 4w»saaws....• ��.. - - - -- — <br />rc s hibitiDn required of Grantor in connection with any other <br />encumbrance- affecting the Propestyv tbe. Chattels, or the Intan- <br />gible Personalty, or any part thereof, or any interest therein, <br />_►agardless of whether such. other encumbrance is superior or <br />subordinate to the lien hereof. <br />4.4 Payment of saxes. <br />(a) PrcWert Taxes. Grantor will pay, before <br />1 ar s cial which <br />�h <br />delinquency, all taxes,and assesses UT.M, genVra tk v <br />may bic levied or imposed:.; at any time against Gtcantor's ar�ci, •.: f <br />' i t est and'testate in the Piopertyv' the Chattels':: <br />vanefieiary s n er <br />-or 'the, intangible Per "svrxal y,, and any... and all tsxas...: he <br />assessments which Grantoi ;,.:Us:• required to .day. pursuant.., to' <br />the <br />provisions of any Prima�j j ±ase and Beneficiary .is required to <br />pay as a <br />result o! "its iitgage /security interest Within ten <br />daps alter each payme nt ..0f many such tax or assessment, Grantor <br />will deliver to 8enefidi -AWY, without notice or demand, an <br />receipt for such I: p <br />official al ent. <br />(b) per" oa�it for Taxes. At the written request of` <br />Deneficiary.:Grantor sh ,.:. t each monthly payment under the <br />Note. deposit..ith 8easeti?' an amount ecp�al to 1 /12.tb..f the <br />amount which ' �Zoeneficiaiy _.eatimates. will be- -,required to =pay the <br />next required: installi�ient or payment of taxes, assessments, The <br />similar governmental charges referred to in this section. <br />purpose of these provisions is to provide Beneficiary with <br />sufficient funds on hand to pay all such taxes, assessments, and <br />other governmental charges thirty (30) days before the date on <br />which:,tbey become past due. Provided no Event of Default exists <br />' hereunder, Beneficiary will apply the amounts so deposited to the;' <br />payment of such taxes# as snents, and ether charges when due. <br />Pending the disbursement thttgeof for the . payment of such`, taxes, <br />assessments and othet charges. sums paid + Henef icisry pursuant <br />to this subsection 4.A(b) shall be deposited ,,.. to the extent <br />permitted by law, in one or more interest- bsAain_j,'accounts, and, <br />so long as no Event of Default exists hertRUnex, any interest <br />earned thereon shall-be applied toward the pAyment of such taxes, <br />assessments and other charges or.;:' at Benelicia 's option, be. <br />remitted to Grantor from time to Iime- <br />(c) in�tangibLe Taxes. if by. reason of any statu- <br />tory or constitutions ndment or judisrial decision adopted or <br />rendered 'after the date hereof, any tax*' 43etessaent, or similar <br />charge is imposed against the Notes, or' any of then, against <br />Beneficiary, or against any interest of ..Beneficiary in any real <br />-e- <br />ice.. <br />U <br />r. <br />' fi - <br />
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