Special Warranty Deed - Tax Implications

My husband wants me to sign a Special Warranty Deed to remove my name from the deed so he can refinance in his name only. It looks like it is in my favor. But one line confuses me:

Excepting restrictions, eaesments of record and ad valorem taxes for 2012 and subsequent years, not yet due and payable.

What does that mean and will I have any tax implications because of it?

I’m not a real estate attorney, but my understanding of that line in the deed means that he is taking the property subject to any easements, restrictive covenants, and knowing that the property taxes for 2012 have not yet been paid.

You should not have any tax implications because of this line.