|
201302300
<br />e. "Displaced Persons or Families" means a person, family or families,
<br />displaced from (i) an urban renewal area, (ii) as a result of government action, or (iii) as a
<br />result of 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
<br />of the Mortgaged Property, including the segregation of cash or assets for subsequent
<br />withdrawal as Surplus Cash, other than in payment of Reasonable Operating Expenses,
<br />or any other disbursement, conveyance, or transfer provided for in this Agreement.
<br />g.
<br />age or older.
<br />Previous editions are obsolete
<br />Replaces form 192466 (11/02)
<br />"Elderly Person" means any person, married or single, who is 62 years of
<br />h. "Fixtures" means all property or goods that become so related or attached
<br />to the 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, and
<br />including but not limited to: machinery, equipment , engines, boilers, incinerators, installed
<br />building materials; systems and equipment for the purpose of supplying or distributing
<br />heating, cooling, electricity, gas, water, air, or light; antennas, cable, wiring and conduits
<br />used in connection with radio, television, computers, security, fire prevention, or fire
<br />detection or otherwise used to carry electronic signals; telephone systems and equipment;
<br />elevators and related machinery and equipment; fire detection, prevention and
<br />extinguishing systems and apparatus; security and access control systems and apparatus;
<br />plumbing systems; water heaters, ranges, stoves, microwave ovens, refrigerators,
<br />dishwashers, garbage disposals, washers, dryers and other appliances; light fixtures,
<br />awnings, storm windows and storm doors; pictures, screens, blinds, shades, curtains and
<br />curtain rods; mirrors; cabinets, paneling, rugs and floor and wall coverings; fences, trees
<br />and plants; swimming pools; playground and exercise equipment and classroom furnishings
<br />and equipment.
<br />"Goods and Services" is defined in Section 24.
<br />j. "HUD" means the United States Department of Housing and Urban
<br />Development acting by and through the Secretary in his capacity as insurer or holder of the
<br />Loan 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 regulation
<br />pertaining to the Loan or the Mortgaged Property.
<br />k. "Impositions" and "Imposition Deposits" are defined in the Security
<br />Instrument.
<br />"Improvements" means the buildings, structures, and alterations now
<br />constructed or at any time in the future constructed or placed upon the Land, including any
<br />future replacements and additions.
<br />m. "Indebtedness" means the principal, interest on, and all other amounts due
<br />at any time under the Note or the Security Instrument, including prepayment premiums, late
<br />CR- Regulatory Agreerrent l- 92466M (Rev. 4/11)
<br />Page 3 FRI94CH VLLAGE
<br />
|