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��14�1199 35 33. �IN�LE ASSET B�RR�WER� Unt�l the Indebtedn�ss fs paid in full or un�ess otherwise a�proved in v�►riting by HUD so ��ng as the L�an �s insure� or h�ld by HU�, �a} Borr�wer shall be a sing�� purpos� entity and shal� maintain the assets of the Mortgag�d Property in segregated accaunts and �b} Borrower ��} sha�l not acquire any r�al or p�rsvnai praperty other than the M�r�gaged Praperty and pers�nal �roperty related to the �perat�on and maintenance of the Martgag�d Prop�rty, and �o long as the Loan �s insured �r hefd by HLJa, �x�ept pursuant to the Regulatary A�reement and Pr�gram �bligations and ��} shaff not �wn or op�rate any bus�ness ather than the management and operation of th� Nlortgaged Prop�rty, and s� lang as the Loan is insured or hefd by HUD, �xc��t �ur�uant to th� R�gulatory Agreement and Pr�gram �b�iga��ons. 34. SUC�ESS�RS AND ASS�GNS B�UND. This Se�urity �nstrum�nt shall b�nd, and the rights granted by this Se�urity Instrument shall inure t�, the resp�ctive succ�ssors an� assigns of Lender and Borrawer. � 35. J�INT AND SEVERAL LIABILITY. If mnre than one person or entity signs this Security Instrument as B�rrower, th� obligations �f such persons and �nt�ties shall be j�int an� s��eral. 36. RELATf�NSHIP �F PARTIES; N� THIRD PARTY BENEFICIARY. �a} Th� refat��nship between Lender and Borrnwer shal� be so�ely that of �reditor and debtor, respectiv�ly, and n�thing c�n�ained in this S�curity Instrument shal! creat� any �ther re�atiansh�p between Lend�r and 8orrow�r. �b} No creditor of any party to this S�curity instrument and no oth�r person �the term "person" includes, �ut �s nat �imited to, any comm�rGia� or gav�rnm�ntal entity or instituti�n} shal� be a �hird party b�n�ficiary of this Se�urity �nstrument, the Nvte, or sa long as the Loan is insur�d or held by H U D , the Reg u�atory Ag reement. INith�ut �im�ting the generality of the preceding sent�n�e, ��} any servicing arrangem�nt between L�nder and any loan s�rvicer for lass sharing �r �nterim ad�ancement of funds shall c�nst�tute a contractual obfigation �f such �oan servicer that is �nde�endent �f the abligat�on of Borrower for th� payment of th� Indebt�dness, �2} B�rrawer shall not be a third �arty beneficiary of any servic�ng arrangement, and �3} no payment by the ��an �ervicer und�r any s�rvic�ng arrangement shall reduc� the amount of the Indebtedness. 37. SEVERABILITY; AMENDMENTS. Th� inva�id�ty or unenforcea�il�ty of any pro�isi�n �f th�s Se�urity I nstrum�nt shall not affect the �alid ity or enforceability of any oth�r pr��ision, and all �th�r �ro�is�ans shall remain in fuil forc� and effect. This S�curity Instrum�nt �ontains the entir� a�reement among the parties as to the rights grant�d and the obligati�ns assumed in this Se�ur�ty Instrum�nt. Th�s Security Pr��ious editions are absolete HUD MF Security Instrument HIJD-94��M�Re�. �41�1}