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<br /> completion of the rulemaking process, and (2) all current requirements in HUD
<br /> handbooks and guides, notices, and mortgagee letters that apply to the Project, and all
<br /> future updates, changes and amendments thereto, as they become effective, except
<br /> that changes subject to notice and comment rulemaking shall become effective only
<br /> upon completion of the rulemaking process, and provided that such future updates,
<br /> changes and amendments shall be applicable to the Project only to the extent that they
<br /> interpret, clarify and implement terms in this Security Instrument rather than add or
<br /> delete provisions from such document. Handbooks, guides, notices, and mortgagee
<br /> letters are available on HUD's official website:
<br /> (http://www.hud.gov/offices/adm/hudclips/index.cfm, or a successor location to that
<br /> site).
<br /> (ee) "Property Jurisdiction" is defined in Section 30(a).
<br /> (ft) "Regulatory Agreement" means the agreement between the Borrower
<br /> and HUD establishing Borrower's obligations in the operation of the Mortgaged Property
<br /> and the rights and powers of HUD.
<br /> (gg) "Remedial Work" is defined in Section 48(i).
<br /> (hh) "Rents" means all rents (whether from residential or non-residential
<br /> space), revenues, issues, profits, (including carrying charges, maintenance fees, and
<br /> other cooperative revenues, and fees received from leasing space on the Mortgaged
<br /> Property), and other income of the Land or the Improvements, gross receipts,
<br /> receivables, parking fees, laundry and vending machine income and fees and charges
<br /> for food and other services provided at the Mortgaged Property, whether now due, past
<br /> due, or to become due, Residual Receipts, and escrow accounts, however and
<br /> whenever funded and wherever held.
<br /> (ii) "Taxes" means all taxes, assessments, vault rentals and other charges, if
<br /> any, general, special or otherwise, including all assessments for schools, public
<br /> betterments and general or local improvements, which are levied, assessed or imposed
<br /> by any public authority or quasi-public authority, and which, if not paid, could become a
<br /> lien on the Land or the Improvements.
<br /> (jj) "Waste" means a failure to keep the Mortgaged Property in decent, safe
<br /> and sanitary condition and in good repair. During any period in which HUD insures this
<br /> Loan or holds a security interest on the Mortgaged Property, Waste is committed when,
<br /> without Lender's and HUD's express written consent, Borrower:
<br /> (1) physically changes the Mortgaged Property, whether negligently or
<br /> intentionally, in a manner that reduces its value;
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