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��15�4583 shall well and truly abide l�y and comply with each and every cavenant and condltion set farth herein and �n the l�at�, the L�an A�re�ment and the other Loan Documents, these presents and the estate herehy granted shall �ease,terminate and be void. Article 2 — DEBT AND�BLIGATI�I�IS SECL]RED Section Z.1. I�EBT. This Security Instrument and the grants, assi�nments and transfer� rnade in Ar��cle 1 are gi�en for the purpose af securing the I]ebt. Section 2.2. �THER �BLIGATT�NS. This Security Instrument and the grants, assignrnents and transfers made �n At-�icle 1 are also given for the purpose af securing the performance of the f�l�o�ing �the "�ther �b�igat�vn�"): �a� all �ther obligatxons of Borrower �ontained herein; {b� each �bligat��n af Borrflvver and Co-Borro�ver contained in the Loan Agreem�nt and any other Laan I]ocument; and �c} each ob��gation of Barro�ver and �o-- Borrower contained in any renewal, e�tensian, amendment, modificatian, cansolidation, change af, �r substitution ar r�p�acern.ent far, al� or any par� of the Note, the Loan Agreement �r any ather Lo an Do cument. Section�.3. DEBT AND �THER�BLIGATI�NS. Borrower's obligatians for the pa�ment of the Debt and the performance of the �ther Obligations shall be referred to collectively herein as the"�bligatians." Section�.4. PAYMEI�IT �F I�EBT. Borro�ver will pay the I]ebt at the time and in the manner provided in the Loan Agreement, the Note and this Sec�uri.t�Instrument. Sectivn 2.5. IN��RP�RATIDN BY REFEREl�CE. All the covenants, canditions and agreements contained in �a} the Loan Agreement, �b} the 1`Tot� and �� all and any of the other Loan I�acuments, are hcr�by made a part of th�s Security Instrument to the same e�tent and�vith the same force as if fu�ly set forth herein. Article 3 — PR4PERTY CaVENANTS Borrawer�a��nants and agr�es that: S�ction 3.1. INSURANCE. Borrower shall �btain and maintain, ar cause to be �btained and maintained, in fu�i force and effect at alI times insurance with respect ta Borrovver and the Propert�r as required pursuant ta the L�an Agreement. Section 3.�. TAXES AhTD �THER�HAR�ES. Barrower sha�l pay �or de�osit as reserves �ith Lender in accordance with the Loan A�reement� aIl real es�ate and persana�property ta�es, assessments, vvater rates or sewer rents �collectively ""Taxes"}, ground rents, maintenance charges, impos�ti�ns �other than Taxes�, and any other charges, including, without limitatian, vault charges and license fees far the use of vau�ts, chutes and similax areas adj oining the Property (collective�y, "�ther Charges"}, now ar hereafter levied or assessed ar �mpased agatnst the Praper�y or any par�thereof�n accordance with the Laan Agreement. 6 79582.Q�D�G6 EMF US 5628784�v1