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201504626
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201504626
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Last modified
7/21/2017 2:58:58 AM
Creation date
7/9/2015 1:47:24 PM
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DEEDS
Inst Number
201504626
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��15�45�� <br /> sha�� �ell and truly abide by and comply vvith each and every covenant and condition set forth <br /> herein and in the Note, the Loan Agreernent and the ather Loan I]o�uments, these presents and <br /> the estate hereby granted shal�cease,term�nate and be void. <br /> ArtiC�e 2 -- DEBT AND�BLIGATIfll�IS SECURFD <br /> Section 2.1. DEBT. This Security Instrument and the grants, assignments and transfers <br /> made in Article 1 are given for the purpose of securing the Debt. <br /> S�ctian�.2. �THER �BLIGATIaNS. This Secur�ty Instrument and the grants, <br /> assignrnents and transfers made in A�tic�e 1 are al�o given for the purpose af securing the <br /> performance of th� followin� �the "�ther �bligations"�: �a� a�l other obligat�ons of B�rravver <br /> � cantained herein; (b} each obligation of Barr��rer and Co-Borrav�er cantained in the Loan <br /> A�reem�nt and any ather Loan D�cument; and �c} each obligatian af Borra�er ax�d Co-- <br /> Barrovver contained rn any renewa�, extens�on� amendrnent, m�dxficatlon, �onsol.xdati�n, change <br /> of, or substitution or replacement for, all ar an� par� of the Note, the Loan Agreement ar an� <br /> ather Loan Docum�nt. <br /> Sectian 2.3. DEBT AND �THER QBLI�ATI4N5. Borrawer's obligations fQr the payment <br /> of the Debt and the performan�e �f the �ther �bligations shal� be referr�d to ���l�ctive�y here�in <br /> as the"�b�igat�on�." <br /> - Section 2.4. PAYMENT aF DEBT. Borrawer will pay the Debt at the t�me and i� the <br /> mann�r pr���de d xn the L o an Agre ement, th�1�Tote and thi s S e Curity Instrument. <br /> Section 2.5. I�v�o�o�Tr��v BY REFERENCE. AIl the co�enants, canditians and <br /> agreements contained in (a� the Loan Agreement, �b� the Note and �c� all and any of the other <br /> Loan Documents, are hereby rnad� a part of this Security Instrument to the saxn�extent and v�ith <br /> the sarn�farc�a� if ful.ly s�t f�rth herein. <br /> Article 3 — PR�PERTY C�VENANTS <br /> Barrawer covenants and agrees that: <br /> S��ti��3.1. I�sv���E. Borrower shall obtain and maintain, or cause to b e obtained <br /> and ma�ntained, in full farce and effect at all t�mes insurance with respect to Borrower and the <br /> Property as re�uired pursuant ta the Loan Agreement. <br /> Section 3.�. TA�ES AND �THER CHARGES. B�rrov�er shall pa� �or depasit as reserves <br /> with Lender �n accordance v�ith the Loan Agreement} all real estate and personal prope�.y taxes, <br /> assessments, water rates ar sevver rents �collective�y "Taxes"), ground rents, maintenan�e <br /> charges, impasitions (other than Ta�es), and any ather charges, inciuding, �vithout limitation, <br /> vault charges and lic�nse fees for the use of vaults, chutes and s�m�iar areas adj��n�ng the <br /> Proper�� �c�llect�vely, "�ther Charg�s"}, now or hereafter levied or assessed ar imposed <br /> against the Property or any part ther�of zn accardance with the Loan Agreement. <br /> 6 <br /> 79�S�.Da�066 EMF_US 562879�Sv1 <br />
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