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��14�1�� 1� 4. LENDER'S �ERTIFI�ATE. Borrow�r shall b� bound by th� terms of the Lend�r's ��rtificate ar the Requ�st far End�rsement of �redit Instrum�nt & Certificate of Lender, BorrovUer & General Contra�tor, as applica�le �a copy of which has been provEded to Borrower}, insofar a� the appli�able do�ument establishes or reflects a�ligations �f Borrow�r. B�rr�vU�r agrees that the f��s and exp�n�es enum�rated �n the applicabie document have been fully �aid or payment has �een provided for as set farth in the applicabie dacument and that alf funds dep�sited with Lender sha!! be us�d for the purposes set forth in the app�i�abi� docum�nt insofar as Borr�wer has rights and o�ligatfons in reSp�ct thereta. 5. ��NSTRU�TI�N C�MMEN�EMENTIREPAIRS. ��rr�wer cert�fi�s that �t has n�t comm�nc�d constructi�n or substantiai rehab�litation of the Mortgaged Prop�rty prior to H U D's initiai end�rsement vf th� Note, except that this Sect��n � is not appl�cable if HUD has gi�en �r�ar written approvai to an early start �f construction, or if this Project is an Insuran�e Upon Compfetion ar inva��es a Ioan refinancing or if such work has been disclose� ta and appr�v�d in writing by HU�. 1n cas�s of purchase andlor refinanc� in�of�ing an existing bu��ding, Borr�vUer �haE! not c�mmence any critical repairs w'rthout the prior written approval of HUD. �. DRAWIN�S AND SPECIF�CATi�NS. The Mortgaged Property shaE� �� constructed in accardance with the terms of the C�nstruction Cantract as ap�raved �y H U D, if any, and with the Drawings and Specificat�ons that hav� b�en a�pr��d by HUD and deemed attached to the �onstructi�n �ontract. �. REQUIRED PERMITS. Un�ess otherwise required in the Gonstruct�on �ontract and Bu�lding Loan Agreement, th� Borrawer has abtain�d all necessary certificat�s, permits, licenses, qualificat�ons, auth�r�zatians, consents and a��ravals fram ai� n�cessary �overnmenta! Auth�rities to awn and a�erate the Project and to carry aut a�l of th� transa�tions required by the Loan D�cuments and to camply with all ap�ficabl� f�deral statutes and reguiat��ns of HUD �n eff�ct on the date of th� Firm �ommitm�nt, exc�pt for thas�, if any, which customarily w�uld be obtained at a later date, at an ap�r�priat� stag� of construction or completion ther�af, and which the undersEgned shall obtain �n the future. The �ic�nses and permits that ar� in effect as of the date h�r�of are sufficient t� allow any constructi�n of the improvements to proce�d to c�mpletion in th� �rdinary c�urse, As the �onstruct�an of the Project progresses, unless otherw�s� required �y the Construction Contract, the Borrower will procure and submit arC ne�essary building and other p�rmits requ'rr�� y �o�ernmental Auth�rities. The Mort�ag�d Pr�perty shall nat be available for occupancy by any tenant w�thout the pr��r written approval �f HUD and of all ather legal authorities ha�ing jur�sdi�t�on of th� M�rtgaged �roperty. 8. A�C�UNTIN� REQUIREMENTS. B�rr�wer shal� submit an a�caunting t� HUD, as required by Program �bligatians, for al� receipts and disbursements during the period Pr��ious editions are obsolete; Regulatory Agreement HUD-92466M�Rev.�41��} Replaces form HU[]-92466(11102}