d. "Declaration of Default" is defined in Section 38.
<br />201302390
<br />3
<br />e. "Displaced Persons or Families" means a person, family or families, displaced
<br />from (i) an urban renewal area, (ii) as a result of government action, or (iii) as a result of
<br />a major disaster determined by the President pursuant to the Robert T. Stafford
<br />Disaster Relief and Emergency Assistance Act.
<br />f. "Distribution" means any disbursal, conveyance or transfer of any portion of the
<br />Mortgaged Property, including the segregation of cash or assets for subsequent
<br />withdrawal as Surplus Cash, other than in payment of Reasonable Operating
<br />Expenses, or any other disbursement, conveyance, or transfer provided for in this
<br />Agreement.
<br />g. "Elderly Person" means any person, married or single, who is 62 years of age or
<br />older.
<br />h. "Fixtures" means all property or goods that become so related or attached to the
<br />Land or the Improvements that an interest arises in them under real property law,
<br />whether acquired now or in the future, excluding all tenant owned goods and property,
<br />and including but not limited to: machinery, equipment , engines, boilers, incinerators,
<br />installed building materials; systems and equipment for the purpose of supplying or
<br />distributing heating, cooling, electricity, gas, water, air, or light; antennas, cable, wiring
<br />and conduits used in connection with radio, television, computers, security, fire
<br />prevention, or fire detection or otherwise used to carry electronic signals; telephone
<br />systems and equipment; elevators and related machinery and equipment; fire detection,
<br />prevention and extinguishing systems and apparatus; security and access control
<br />systems and apparatus; plumbing systems; water heaters, ranges, stoves, microwave
<br />ovens, refrigerators, dishwashers, garbage disposals, washers, dryers and other
<br />appliances; light fixtures, awnings, storm windows and storm doors; pictures, screens,
<br />blinds, shades, curtains and curtain rods; mirrors; cabinets, paneling, rugs and floor and
<br />wall coverings; fences, trees and plants; swimming pools; playground and exercise
<br />equipment and classroom furnishings and equipment.
<br />i. "Goods and Services" is defined in Section 24.
<br />j. "HUD" means the United States Department of Housing and Urban Development
<br />acting by and through the Secretary in his capacity as insurer or holder of the Loan
<br />under the authority of the National Housing Act, as amended, the Department of
<br />Housing and Urban Development Act, as amended, or any other federal law or
<br />regulation pertaining to the Loan or the Mortgaged Property.
<br />k. "Impositions" and "Imposition Deposits" are defined in the Security Instrument.
<br />Previous editions are obsolete; Regulatory Agreement HUD- 92466M (Rev. 04/11)
<br />Replaces form HUD -92466 (11/02)
<br />
|