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201303289
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Last modified
12/31/2013 2:59:17 PM
Creation date
4/29/2013 12:27:37 PM
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DEEDS
Inst Number
201303289
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201303289 <br /> 31 <br /> delivery of any Notice given in accordance with this Section 31, that it shall <br /> acknowledge, in writing, the receipt of any Notice upon request by the other party and <br /> that any Notice rejected or refused by it shall be deemed for purposes of this Section 31 <br /> to have been received by the rejecting party on the date so refused or rejected, as <br /> conclusively established by the records of the U.S. Postal Service or the courier service. <br /> (c) Any Notice under the Note which does not specify how Notice is to be <br /> given shall be given in accordance with this Section 31. <br /> BORROWER: Great Plains Platte Valley Apartments, Inc. <br /> 7612 Maple Street <br /> Omaha, Nebraska 68134 <br /> PRINCIPAL(S): Great Plains Platte Valley Apartments, Inc. <br /> 7612 Maple Street <br /> Omaha, Nebraska 68134 <br /> LENDER: Lancaster Pollard Mortgage Company <br /> 65 East State Street, 16th Floor <br /> Columbus, Ohio 43215 <br /> 32. SALE OF NOTE; CHANGE IN SERVICER. The Note or a partial interest <br /> in the Note (together with this Security Instrument) may be sold one or more times <br /> without prior Notice to Borrower. A sale may result in a change of the loan servicer. <br /> There also may be one or more changes of the loan servicer unrelated to a sale of the <br /> Note. If there is a sale or transfer of all or a partial interest in the Note or a change of <br /> the loan servicer, Lender shall be responsible for ensuring that Borrower is given Notice <br /> of the sale, transfer and/or change. <br /> 33. SINGLE ASSET BORROWER. Until the Indebtedness is paid in full or <br /> unless otherwise approved in writing by HUD so long as the Loan is insured or held by <br /> HUD, (a) Borrower shall be a single purpose entity and shall maintain the assets of the <br /> Mortgaged Property in segregated accounts and (b) Borrower (1) shall not acquire any <br /> real or personal property other than the Mortgaged Property and personal property <br /> related to the operation and maintenance of the Mortgaged Property, and so long as <br /> the Loan is insured or held by HUD, except pursuant to the Regulatory Agreement and <br /> Program Obligations and (2) shall not own or operate any business other than the <br /> management and operation of the Mortgaged Property, and so long as the Loan is <br /> insured or held by HUD, except pursuant to the Regulatory Agreement and Program <br /> Obligations. <br />
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