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201302389
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Last modified
3/27/2013 4:30:05 PM
Creation date
3/27/2013 3:24:59 PM
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DEEDS
Inst Number
201302389
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201302389 <br />maintenance of motor vehicles and motor - operated equipment from time to time <br />located on the Mortgaged Property's parking areas, so long as all of the foregoing are <br />used, stored, handled, transported and disposed of in compliance with Hazardous <br />Materials Laws. <br />(d) Borrower shall take all commercially reasonable actions (including the <br />inclusion of appropriate provisions in any Leases executed after the date of this Security <br />Instrument) to prevent its employees, agents, and contractors, and all tenants and other <br />occupants from causing or permitting any Prohibited Activities or Conditions. Borrower <br />shall not lease or allow the sublease or use of all or any portion of the Mortgaged <br />Property to any tenant or subtenant for nonresidential use by any user that, in the <br />ordinary course of its business, would cause or permit any Prohibited Activity or <br />Condition. <br />(e) If an O &M Program has been established with respect to Hazardous <br />Materials, Borrower shall comply in a timely manner with, and cause all employees, <br />agents, and contractors of Borrower and any other persons encompassed by the O &M <br />Program and present on the Mortgaged Property to comply with the O &M Program. All <br />costs of performance of Borrower's obligations under any O &M Program shall be paid <br />by Borrower, and Lender's out -of- pocket costs incurred in connection with the <br />monitoring and review of the O &M Program and Borrower's performance shall be paid <br />by Borrower upon demand by Lender. Any such out -of- pocket costs of Lender which <br />Borrower fails to pay promptly shall become an additional part of the Indebtedness as <br />provided in Section 13; provided that so long as the Loan is insured by HUD, no <br />advances made by Lender under this subsection (e) shall become an additional part of <br />the Indebtedness unless such advances receive the prior written approval of HUD and <br />provided further that unless approved by HUD, Lender shall have no obligation to make <br />any such advances. <br />(f) Borrower represents and warrants to Lender that, except as previously <br />disclosed by Borrower to Lender in writing: <br />Previous editions are obsolete <br />(1) Borrower has not at any time engaged in, caused or permitted any <br />Prohibited Activities or Conditions; <br />(2) to the best of Borrower's knowledge after reasonable and diligent <br />inquiry, no Prohibited Activities or Conditions exist or have existed; <br />(3) the Mortgaged Property does not now contain any underground <br />storage tanks, and, to the best of Borrower's knowledge after <br />reasonable and diligent inquiry, the Mortgaged Property has not <br />43 <br />HUD MF Security Instrument HUD- 94000M (Rev.11 /12) <br />
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