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201302390 charges, default interest, and advances to protect the security as provided in the Security Instrument. n. "Land" means the estate in realty described in Exhibit A o. "Leases" means all present and future leases, subleases, licenses, concessions or grants or other possessory interests now or hereafter in force, whether oral or written, covering or affecting the Mortgaged Property, or any portion of the Mortgaged Property (including but not limited to proprietary leases, non - residential leases or occupancy agreements if Borrower is a cooperative housing corporation), and all modifications, extensions or renewals. (Ground leases that create a leasehold interest in the Land and where the Borrower's leasehold is security for the Loan are not included in this definition.) p. "Lender" means the entity identified as "Lender" in the first paragraph of the Security Instrument, or any subsequent holder of the Note, and whenever the term "Lender" is used herein, the same shall be deemed to include the Obligee, or the Trustee(s) and the Beneficiary of the Security Instrument and shall also be deemed to be the Mortgagee as defined by Program Obligations. q. "Limited Dividend Borrower" means a limited dividend /distribution corporation or other limited dividend /distribution entity that is restricted as to rate of return and other aspects of its operation. r. "Mortgaged Property" means all of Borrower's present and future right, title and interest in and to all of the following: Revious editions are obsolete Replaces form FAA -92466 (11/02) (1) the Land; (2) the Improvements; (3) the Fixtures; (4) the Personalty; (5) all current and future rights, including air rights, development rights, zoning rights and other similar rights or interests, easements, tenements, rights -of -way, strips and gores of land, streets, alleys, roads, sewer rights, waters, watercourses, and appurtenances related to or benefiting the Land or the Improvements, or both, and all rights -of -way, streets, alleys and roads that may have been or may in the future be vacated; (6) all insurance policies covering the Mortgaged Property, and all proceeds paid or to be paid by any insurer of the Land, the Improvements, the Fixtures, the Personalty or any other part of the Mortgaged Property, whether or not Borrower obtained such insurance policies pursuant to Lender's requirement; CR- Regulatory Agreement HUD- 92466M (Ray. 4/11) Page 4 FRENCH VLLAGE