Laserfiche WebLink
20i000i4~1 <br />of not less than one hundred twenty (120) days, to declare the Debt immediately due and <br />payable. Any prepayment made pursuant to this paragraph shall be without Make Whole <br />Premium or any other prepayment consideration. <br />12: No Credits on Account of the Debt. Borrower will not claim or demand or be entitled to <br />any credit or credits on account of the Debt for any part of the Taxes or Other Charges <br />assessed against the Mortgaged Property, or any part thereof, and no deduction shall <br />otherwise be made or claimed from the assessed value of the Mortgaged Property, or any <br />part thereof, for real estate tax purposes by reason of this Security Instrument or the Debt. <br />In the event such claim, credit or deduction shall be required by law, Lender shall have <br />the option, by written notice of not less than one hundred twenty (120) days, to declare <br />the Debt immediately due and payable. Any prepayment made pursuant to this paragraph <br />shall be without Make Whole Premium or any other prepayment consideration. <br />13. Document Stam s. If at any time the United States of America, any state or <br />commonwealth thereof or any subdivision of any such state or commonwealth shall <br />require revenue or other stamps to be affixed to the Note or this Security Instrument, or <br />impose any other tax or charge on the same, Borrower will pay for the same, with interest <br />and penalties thereon, if any. <br />14. Usu Laws• This Security Instrument and the Note are subject to the express condition <br />that at no time shall Borrower be obligated or required to pay interest on the Debt at a <br />rate which could subject Lender to either civil or criminal liability as a result of being in <br />excess of the maximum interest rate which Borrower is permitted by law to contract or <br />agree to pay. If by the terms of this Security Instrument or the Note, Borrower is at any <br />time required or obligated to pay interest on the Debt at a rate in excess of such <br />maximum rate, the rate of interest under the same shall be deemed to be immediately <br />reduced to such maximum rate and the interest payable shall be computed at such <br />maximum rate and all previous payments in excess of such maximum rate shall be <br />deemed to have been payments in reduction of the principal and not on account of the <br />interest due hereunder. <br />15. Books and Records. Borrower shall keep adequate books and records of account in <br />accordance with sound accounting principles on a modified cash basis or a federal <br />income tax basis, in either case consistently applied, and furnish to Lender upon Lender's <br />request: (a) unaudited financial statements of Borrower for the year just ended, including <br />balance sheet. and statement of income and expenses certified as true and correct by an <br />officer, general partner or manager of the Borrower (provided, however, that Borrower <br />shall not be required to provide such financial statements until at least 90 days following <br />the end of the applicable fiscal yeaz); (b) copies of all .tax returns filed by Borrower <br />within twenty (20) days after the filing thereof; and (c) copies of all financial information <br />received by Borrower under the Lease within twenty (20) days after .receipt thereof. <br />Borrower shall provide Lender with such additional financial or management information <br />with respect to Lessee or the Mortgaged Property as Lender may reasonably request, <br />provided that in the case of Lessee any such additional information is available to <br />Borrower pursuant to the terms and provisions of the Lease. <br />-26- <br />