indemnify and hold harmless Lender pursuant to the
provisions hereof shall survive any such payment or release.
ARTICLE 2
DEBT AND OBLIGATIONS SECURED
SECTION 2.1.
DEBT. THIS MORTGAGE AND THE GRANTS, ASSIGNMENTS AND
TRANSFERS MADE IN ARTICLE 1 ARE GIVEN FOR THE PURPOSE OF SECURING THE FOLLOWING,
IN SUCH ORDER OF PRIORITY AS LENDER MAY DETERMINE IN ITS SOLE DISCRETION (THE
"DEBT"):
(A)
THE PAYMENT OF THE INDEBTEDNESS EVIDENCED BY THE NOTE IN LAWFUL
MONEY OF THE UNITED STATES OF AMERICA;
(B)
THE PAYMENT OF INTEREST, PREPAYMENT PREMIUMS, DEFAULT INTEREST,
LATE CHARGES AND OTHER SUMS, AS PROVIDED IN THE NOTE, THE LOAN AGREEMENT, THIS
MORTGAGE AND THE OTHER LOAN DOCUMENTS;
(C)
THE PAYMENT OF ALL OTHER MONEYS AGREED OR PROVIDED TO BE PAID BY
BORROWER IN THE NOTE, THE LOAN AGREEMENT, THIS MORTGAGE OR THE OTHER LOAN
DOCUMENTS;
(D)
THE PAYMENT OF ALL SUMS ADVANCED PURSUANT TO THIS MORTGAGE TO
PROTECT AND PRESERVE THE PROPERTY AND THE LIEN AND THE SECURITY INTEREST CREATED
HEREBY; AND
(E)
THE PAYMENT OF 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.
7
SECTION 2.2.
OTHER OBLIGATIONS. THIS MORTGAGE AND THE GRANTS,
ASSIGNMENTS AND TRANSFERS MADE IN ARTICLE 1 ARE ALSO GIVEN FOR THE PURPOSE OF
SECURING THE FOLLOWING (THE "OTHER OBLIGATIONS"):
(A)
THE PERFORMANCE OF ALL OTHER OBLIGATIONS OF BORROWER CONTAINED
HEREIN;
(B)
THE PERFORMANCE OF EACH OBLIGATION OF BORROWER CONTAINED IN THE
LOAN AGREEMENT AND ANY OTHER LOAN DOCUMENT; AND
(C)
THE PERFORMANCE OF 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, THE LOAN AGREEMENT
OR ANY OTHER LOAN DOCUMENT.
SECTION 2.3.
DEBT AND OTHER OBLIGATIONS. BORROWER'S OBLIGATIONS FOR
THE PAYMENT OF THE DEBT AND THE PERFORMANCE OF THE OTHER OBLIGATIONS SHALL BE
REFERRED TO COLLECTIVELY HEREIN AS THE "OBLIGATIONS."
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 LOAN AGREEMENT, THE NOTE AND THIS MORTGAGE.
SECTION 3.2.
INCORPORATION BY REFERENCE. ALL THE COVENANTS,
CONDITIONS AND AGREEMENTS CONTAINED IN (A) THE LOAN AGREEMENT, (B) THE NOTE AND
(C) ALL AND ANY OF THE OTHER LOAN DOCUMENTS, ARE HEREBY MADE A PART OF THIS
MORTGAGE TO THE SAME EXTENT AND WITH THE SAME FORCE AS IF FULLY SET FORTH
HEREIN.
SECTION 3.3.
INSURANCE. BORROWER SHALL OBTAIN AND MAINTAIN, OR CAUSE
TO BE MAINTAINED, IN FULL FORCE AND EFFECT AT ALL TIMES INSURANCE WITH RESPECT
TO BORROWER AND THE PROPERTY AS REQUIRED PURSUANT TO THE LOAN AGREEMENT.
SECTION 3.4.
MAINTENANCE OF PROPERTY. BORROWER SHALL CAUSE THE
PROPERTY TO BE MAINTAINED IN A GOOD AND SAFE CONDITION AND REPAIR. THE
IMPROVEMENTS,