Laserfiche WebLink
200600022 <br />Article 2 — SECURED OBLIGATIONS <br />Section 2.1 OBLIGATIONS. This Security Instrument and the grants, assignments and <br />transfers made in Article 1 are given for the purpose of securing the Obligations. <br />Section 2.2 OTHER OBLIGATIONS. This Security Instrument and the grants, <br />assignments and transfers made in Article 1 are also given for the purpose of securing the <br />performance of the following (the "Other Obligations "): (a) all other obligations of Borrower <br />contained herein; (b) each obligation of Borrower contained in the Credit Agreement and any <br />other Loan Document, including without limitation, any obligations with respect to the Specified <br />Hedge Agreements; and (c) each obligation of Borrower contained in any renewal, extension, <br />amendment, modification, consolidation, change of, or substitution or replacement for, all or any <br />part of the Note, the Credit Agreement or any other Loan Document. <br />Section 2.3 SECURED OBLIGATIONS. Borrower's obligations for the payment of the <br />Obligations and the performance of the Other Obligations shall be referred to collectively herein <br />as the "Secured Obligations." <br />Section 2.4 PAYMENT OF OBLIGATIONS. Borrower will pay the Secured Obligations at <br />the time and in the manner provided in the Credit Agreement, the Note and this Security <br />Instrument. <br />Section 2.5 INCORPORATION BY REFERENCE. All the covenants, conditions and <br />agreements contained in (a) the Credit Agreement, (b) the Note and (c) all and any of the other <br />Loan Documents, are hereby made a part of this Security Instrument to the same extent and with <br />the same force as if fully set forth herein. . <br />Article 3 - PROPERTY COVENANTS <br />Borrower covenants and agrees that: <br />Section 3.1 INSURANCE. Borrower shall obtain and maintain, or cause to be <br />maintained, in full force and effect at all times insurance with respect to Borrower and the <br />Property as required pursuant to the Credit Agreement. <br />Section 3.2 TAns. Borrower shall pay all Taxes assessed or imposed against the <br />Property or any part thereof in accordance with the Credit Agreement. <br />Section 3.3 LEASES. Borrower shall not enter into any Leases for all or any portion of <br />the Property unless in accordance with the provisions of the Credit Agreement. <br />Section 3.4 WARRANTY OF TITLE. Borrower has good, indefeasible, marketable and <br />insurable fee simple title to the real property constituting part of the Property and good <br />indefeasible and marketable title to the balance of the Property, free and clear of all Liens <br />whatsoever except as otherwise permitted in Section 6.3 of the Credit Agreement (collectively, <br />the "Permitted Encumbrances "), such other Liens as are permitted pursuant to the Loan <br />Documents and the Liens created by the Loan Documents. This Security Instrument, when <br />properly recorded in the appropriate records, together with any Uniform Commercial Code <br />financing statements required to be filed in connection therewith, will create (a) a valid, <br />perfected first priority lien on the Property, subject only to Permitted Encumbrances and the <br />Se <br />