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2 0 1 302395 <br />respects and that there has been no material adverse change in any fact or circumstance <br />that would make any such information incomplete or inaccurate. The submission of false <br />or incomplete information shall be a Covenant Event of Default. <br />42. ESTOPPEL. The Lender is not the agent of HUD. Any action by Lender in <br />exercising any right or remedy under this Security Instrument shall not be a waiver or <br />preclude the exercise by HUD of any right or remedy which HUD might have under the <br />Regulatory Agreement or other Program Obligations. <br />43. ACCELERATION; REMEDIES. If a Monetary Event of Default occurs and <br />is continuing, Lender, at Lender's option, may declare the Indebtedness to be immediately <br />due and payable without further demand, and may invoke the power of sale and any other <br />remedies permitted by applicable law or provided in this Security Instrument or in the Note. <br />Following a Covenant Event of Default, Lender, at Lender's option, but so long as the Loan <br />is insured or held by HUD, only after receipt of the prior written approval of HUD, may <br />declare the Indebtedness to be immediately due and payable without further demand, and <br />may invoke the power of sale and any other remedies permitted by applicable law or <br />provided in this Security Instrument or in the Note. Borrower acknowledges that the power <br />of sale granted in this Security Instrument may be exercised by Lender without prior judicial <br />hearing. Lender shall be entitled to collect all costs and expenses incurred in pursuing <br />such remedies, including reasonable attorneys' fees (including but not limited to appellate <br />litigation), costs of documentary evidence, abstracts and title reports. <br />SEE ATTACHED ADDENDUM <br />44. FEDERAL REMEDIES. In addition to any rights and remedies set forth in <br />the Regulatory Agreement, HUD has rights and remedies under federal law so long as <br />HUD is the insurer or holder of the Loan, including but not limited to the right to foreclose <br />pursuant to the Multifamily Mortgage Foreclosure Act of 1981, 12 U.S.C. 3701 et seq., as <br />amended, when HUD is the holder of the Note. <br />45. REMEDIES FOR WASTE. In addition to any other rights and remedies set <br />forth in the Note and this Security Instrument or those available under applicable law, <br />including exemplary damages where permitted, the following remedies for Waste by <br />Borrower are available to Lender as necessary to give complete redress to Lender for <br />Lender's loss or damage: <br />(a) the exercise of the remedies available to Lender during the existence of a <br />Covenant Event of Default, as set forth in Section 43 of this Security Instrument; <br />(b) an injunction prohibiting future Waste or requiring correction of Waste already <br />committed, but only to the extent that Waste has impaired or threatens to impair Lender's <br />security; and <br />Prexious editions are obsolete <br />Contingent Repayment Mortgage <br />HUD MF Security Instrument HUD- 94000M (Rev. 04/11) <br />Page 35 FRENCH VILLAGE <br />