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200603080 (d) all other monies agreed or provided to be paid by Borrower in the Note, this Security Instrument or the Other Security Documents; (e) all sums advanced pursuant to this Security Instrument to protect and preserve the Property and the lien and the security interest created hereby; and (1) all sums advanced and costs and expenses incurred by Lender in connection with the Debt or any part thereof', any renewal, extension, or change of or substitution for the Debt or any part thereof, or the acquisition or perfection of the security therefor, whether made or incurred at the request of Borrower or Lender. Section 2.2. OTHER OBLIGATIONS. This Security Instrument and the grants, assignments and transfers made in Article 1 are also given for the purpose of securing the performance of the following (the "Other Obligations "): (a) all other obligations of Borrower contained herein; (b) each obligation of Borrower contained in the Note and in the Other Security Documents; and (c) each obligation of Borrower contained in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of the Note, this Security Instrument or the Other Seem -ity Documents. Section 2.3. DEBT AND OTHER OBIAGATION._.S. Borrower's obligations for the payment of the Debt and the performance of the Other Obligations shall be referred to collectively as the "Obligations." Section 2.4, PAYMENTS. Unless payments are made in the required amount in immediately available funds at the place where [lie Note is payable, remittances in payment of all or any part of the Debt shall not, regardless of any receipt or credit issued therefor, constitute payment until the required amount is actually received by Lender in funds immediately available at the place where the Note is payable (or any other place as Lender, in Lender's sole discretion, may have established by delivery of written notice thereof to Borrower) and shall be made and accepted subject to the condition that any check or draft may be handled for collection in accordance with the practice of the collecting bank or banks; provided, however, Lender shall not he required to accept payment for any Obligation in cash. Acceptance by Lender of any payment in an amount less than the amount then due shall be deemed an acceptance on account only, and the failure to pay the entire amount then due shall be and continue to be an Event of Default. ARTICLE 3. - BORROWER COVENANTS Borrower covenants and agrees that Section 3.1. PAYMENT OF DEBT. Borrower will pay the Debt at the time and in the manner provided in the Note and in this Security instrument. Section 3.2. INCORPORATION BY.1 FFERENCE. All the covenants, conditions and agreements contained in (a) the Note and (b) all and any of the documents other than the Mote or this Security Instrument now or hereafter executed by Borrower and /or others and by or in favor of Lender, which wholly or partially secure or guaranty payment of the Note or are otherwise executed and delivered in connection with the Loan (the "Other Security Documents ") are hereby made, a part of this Security Instrument to the same extent and with the same force as if fully set forth herein. Section 3.3. INSURANCE. Borrower shall maintain with respect to the Property at all times, insurance against loss or damage by fire and other casualties and hazards by insurance written on an "all risks" basis including specifically windstorm and/or hail damage, in an amount not loss than the replacement cost thereof, naming Lender as loss payee and additional insured; (ii) if the Property is required to be insured pursuant to the National Flood Reform Act of 1994, and the regulations promulgated there under, flood insurance is required in the amount equal to the lesser of the loan amount or the maximum available under the National Flood Insurance Program, but in no event should the amount of coverage be less than the: value of the improved structure, naming Lender as additional insured and loss payee; and (iii) liability insurance providing coverage in such amount. as Lender may require but in no event less than$500,000.00 naming Lender as an additional insured; and (iv) such other insura ces as Lender may reasonably require from time to time.