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��14�1199 <br /> � <br /> �o�enants. B�rrower and Lender c�venant and agr�e as f�l�ows: <br /> '!. DEFINIT��NS. Th� definition of any capitalized term or w�rd us�d herein �an b� <br /> found in this Security lnstrum�nt, and then if n�t found in this S�curity Instrument, th�n <br /> faund in the Reg u fat�ry Ag reement between Borrow�r and H U D, andlor �n th� Note. <br /> The following terms, wnen used in this Secur�ty Instrument �including when used in the <br /> above recitals}, shal� ha�e th� fo!l�wing m�anings: <br /> �a} "Borrower" means al! entities identified as "Borrower" in the first <br /> paragraph of this Security �nstrument, tog�ther with any successors and ass�gns �ointly <br /> and se�erally}. Borr�wer shall inclu�e any entity taking title to the Mortgag�d Property <br /> whether ar not such entity assumes the N�te. 1Nhenever th� term "8orrawer" is used <br /> her�in, the same shal! b� deem�d to in�lude the �b�igar of th� debt s�cured by the <br /> Security Instrument, and so Iong as the Nat� is �nsured ar h��d by HUa shall a�sv be <br /> deemed tn �e the mortga�or as def�n�d by Pragram �bligations. <br /> �b} `�Building L�an A�reem�nt" means the HUD-appraved form of the <br /> agreem�nt between Barrow�r and Lender setting forth th� �erms and c�nditions for a <br /> constructf�n ioan. <br /> �c} "Busin�ss Day" is def�n�d in Section 3�. <br /> �d} "Claim" is defined in Section 48�m}. <br /> �e} "Collateral Agreement" m�ans any separat� agreement between <br /> Borrower and Lender f�r the purpose af esta�l�sh�ng replacement reserv�s far the <br /> Mortgaged Property, estab�ishing an account to assure th� completion of repa�rs or <br /> Imprvvement� specffied �n that agr�ement, or any other agreement �r agreements <br /> between Borr�wer and Lender which provide for the estab��shment �f any other fund, <br /> res�rv� or acc�unt inGEuding but nat �im�t�d t� th�se res�rves and �scrows requ�red by <br /> HUD. <br /> �f} "Contract af Insurance" is defined �n 24 �.F.R. Part ��7, Sub�art B. <br /> �g} jiEn�ironm�ntal Inspections" �s d�fined �n Sect�an 48�h}. <br /> �h} "E�ent of Default" means the oc�urrence of any e��nt listed in <br /> Sect'ro n 22. <br /> �i} "Fixtures" m�ans al! property or go�ds that became s� related or attached t� <br /> the Land or the �mpro�ements that an interest arises in them under real pro�erty law, <br /> wheth�r acquired now or �n the future, �x�luding ail tenant owned g�ods and �r�perty, <br /> and �ncluding but not �imited ta: machinery, equipm�nt, engin�s, bo�lers, in�in�rat�rs, <br /> installed building materials; systems and �quipm�nt for the purpose af supplying �r <br /> distributing h�ating, coo�ing, electri�ity, gas, water, air, or light; an�ennas, cable, wiring <br /> and canduits u'sed in connec��on with radio, television, c�mputers, security, fire <br /> Pre�ious ed itions a rs obsoE�te H U D M F Securi�y I nstrument H U�-940��M�Rev. 04l��} <br />