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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 /> 40 <br /> diligently prosecute any required Remedial Work, Lender may, at its option, cause the <br /> Remedial Work to be completed, in which case Borrower shall reimburse Lender on <br /> demand for the cost of doing so. So long as the Loan is insured by HUD, no advances <br /> made by Lender under this subsection (i) shall become part of the Indebtedness as <br /> provided in Section 13 unless such advances receive the prior written approval of HUD <br /> and provided further that unless approved by HUD, Lender shall have no obligation to <br /> make any such advances. <br /> (j) Borrower shall cooperate with any inquiry by any Governmental Authority <br /> and shall comply with any governmental or judicial order which arises from any alleged <br /> Prohibited Activity or Condition. <br /> (k) Borrower shall indemnify [if Borrower is located in a State that requires an <br /> indemnification agreement separate and apart from this Security Instrument, Borrower <br /> shall provide said indemnification agreement to Lender], hold harmless and defend (1) <br /> Lender, (2) any prior owner or holder of the Note, (3) the loan servicer, (4) any prior <br /> loan servicer, (5) the officers, directors, shareholders, partners, employees and <br /> trustees of any of the foregoing, and (6) the heirs, legal representatives, successors <br /> and assigns of each of the foregoing (collectively, "Indemnitees") from and against all <br /> proceedings, claims, damages, penalties and costs (whether initiated or sought by <br /> Governmental Authorities or private parties), including fees and out of pocket expenses <br /> of attorneys and expert witnesses, investigatory fees, and remediation costs, whether <br /> incurred in connection with any judicial (including appellate) or administrative process or <br /> otherwise, arising directly or indirectly from any of the following except where the <br /> Mortgaged Property became contaminated subsequent to any transfer of ownership <br /> which was approved in writing by Lender (and so long as the Loan is insured or held by <br /> HUD, by HUD), provided such transferee assumes in writing all obligations of Borrower <br /> with respect to Prohibited Activities or Conditions: <br /> (i) any breach of any representation or warranty of Borrower in this <br /> Section 48; <br /> (ii) any failure by Borrower to perform or comply with any of its <br /> obligations under this Section 48; <br /> (iii) the existence or alleged existence of any Prohibited Activity or <br /> Condition; <br /> (iv) the actual or alleged violation of any Hazardous Materials Law. <br /> (I) Counsel selected by Borrower to defend Indemnitees shall be subject to <br /> the approval of those Indemnitees. However, any lndemnitee may elect to defend any <br /> claim or legal or administrative proceeding at Borrower's expense. <br />
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