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��14�1199 s �nterest �n the Land and where the B�rrower's leaseho�d is security for the Loan are not includ�d in this definition.} �r} "Lender" means the entity id�ntified as "L�nder" in the first paragraph �f this Security �nstrument, ar any subsequent hoider of the Note, and vUhenever th� term "Lender" is used herein, th� same shall b� deemed to include �h� obiig�e, or the Trustee�s} and the Ben�fic�ary of the S�curity lnstrument, and s� lang as the L�an is insured �r h�l� by HUD, sha�l also be deemed t� be the mortgagee as defined by Pr�gram �bligat�ons. �s} "Lien" is defined in S�ction '17. �t} "Lvan" is defined in th� opening para�raph� �f this Security instrument. �u} "Lvan A�plicat�on" is defined in S�ction 41. �v} "Loa n Docu ments" mea ns the N�te, th�s Secu rity I nstru ment, a nd the Regulatory Agreement, as suGh documents may be am�nded from time t� time. �w} "Mortgag�d Praperty" m�ans all of Borrawer's present and future right, t�tle and interest in and ta all of the fol��w�ng: �1} the Land; �2} the Impr�vements; �3} the Fixtures; �4} the Pers�nalty; �5} a!i current and futur� r��ts, including air rights, develapment r�ghts, zaning rights and other similar rights or inter�sts, easements, tenem�nts, rights--of-way, strips and gor�s of land, str��ts, alleys, roads, sewer r��hts, wat�rs, watercourses, and appurtenances refated to �r b�nefitEng th� Land or the I mpr��ements, or bo�h, and al! rights-of-way, str�ets, alleys and roads whrch may ha�e be�n or may in the future be �acated; �6} all insurance paficies �overing the M�rtgaged Property, and all proce�ds paid �r to be paid by any insurer of th� Land, th� Impro�ements, the Fixtures, the Personalty ar any other part �f the Mor�gaged Pr�perty, wh�th�r or not Borrow�r obtain�d such insurance p�lici�s pursuant �o Lender's requirement; Previous editions are obsolet� HU❑MF 5e�urity lnstrument HU�-94��M�Rev.�41�1}