Any tax imposed pursuant to this chapter shall not apply to any instrument given to secure an obligation or a debt. Nothing in this chapter shall be deemed to exclude the amount of any such indebtedness from being included in the "value of the consideration" in connection with any conveyance which is not made solely to secure an obligation or a debt.
(Ord. 4073 § 5, 1992: Ord. 2398 § 1 (part), 1967)