My WebLink
|
Help
|
About
|
Sign Out
Browse
201401200
LFImages
>
Deeds
>
Deeds By Year
>
2014
>
201401200
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/20/2017 10:24:51 AM
Creation date
3/3/2014 1:13:25 PM
Metadata
Fields
Template:
DEEDS
Inst Number
201401200
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
34
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
��14�1��� <br /> 17 <br /> 2�.A�CEPTABlLITY �]F MANACENiENT �F THE M�RTGAGED PR�PERTY. <br /> Borrower shal� prov'rde mana�em�nt af the Mortgaged Pr�perty in a manner de�med to <br /> be ac�eptable by HUD. At HUD's discr�tion, HUD may require replacement of the <br /> management. <br /> 23.TERMINATI�N �F ��NTRACTS. Any manag�ment contra�t entered inta by <br /> 8orrower pertaining to the M�rtgag�d Praperty shalf contain a provisi�n that the <br /> contract sha�! be subje�t t� term�nation with�ut penalty and without cause upan written <br /> request by HUD and shall contain a provision that �ives no more than a thirty day nnt��e <br /> �f term�nation. Upon such request, Barrower shall imm�diatefy arrange to termEnate the <br /> contract, and Borrower shali ais� make arrang�ments satisfa�tary to HUD for continuing <br /> acceptable manag�m�nt of the Markgaged Property effective as of th� terminatian dat� <br /> of the contract. <br /> �4.C�NTRAGTS F�R ���DS AND �ERVf�ES. Consistent with Pra�ram <br /> ��li�ati�ns, Borrow�r shal� obtain contracts f�r goods, mat�ria�s, supplies, and ser�i�es <br /> ��o�ds and Services} at costs, amounts, and t�rms that do not exc�ed reas�nable <br /> and nec�ssary i�vels and thase cust�marify paid in the vicinity of th� Land far �aods <br /> and S�rv�ces r��eiv�d. The purcha�e �rice af��ods and Ser�i�es shaf! �e �ased �n <br /> qua��ty, dura�ility and scape of work and sha�� be made up�n the mast ad�antageous <br /> terms for the Pr�ject operati�n. R�asonable �perating Expense� da not include <br /> amounts paid f�r �etterments as �efined in th� Property Juris�iction or Improv�ments <br /> unl�ss d�termined �y HUD t� be prudent and appr�priate. Borrower shall kee� copies <br /> af all writt�n contracts or �th�r instruments that affeGt th� Mort�aged Proper�y, all or any <br /> of which may �e subject t� inspect�on and �xamination by HUD at the Pro�e�t or another <br /> mutually agreea�ie [ocation. <br /> �5.RESP�NSIVENESS TC] INQU�R[ES. At the request of HUa, Borrow�r shall <br /> promptly furnish operating budgets and �ccupancy, accounting and oth�r reports <br /> �i nclud�ng cred it r�ports} and �i�e sp�c�fic answers to q uestions re�at��e to i nGome, <br /> assets, ��abilities, contracts, �peration, and cond��ions �f the M�rtgaged Property and <br /> the status of the Secu rity I nstrum�nt. <br /> 2�.TENANT �RGANIZATi�NS, If th� Praject �s subject to �4 �FR �45 Subpart B or <br /> any su�cess�r regulation co�ering th� r�ghts af t�nants to organ�z�, B�rrow�r sha�� <br /> �omply v�ith this Section �6. Borrower shall not �a} impede the reasonable eff�rts of <br /> resident t�nant organizations t� represent th�ir m�mbers or th� reas�nabl� �fforts of <br /> tenants to organize, or �b} unreasanably withhold the use of any �ammunity ro�m or <br /> other a�a�iable space appropria�� far m�etings that �s part �f th� Martgaged Prop�rty <br /> when r�quested by: �i} a r�sid�nt tenant organizat��n in connection with the <br /> r�pres�ntatianal purposes of the organizat�an; ar �ii} t�nants seeking t� organize or to <br /> consEder collecti�ely any matter p�rtaining to th�ir li��ng en�iranment, whi�h �nciudes the <br /> t�rms and condit��ns af their tenan�y as wel� as acti�itEes related to haus�ng and <br /> Pre�iaus edit�ans are absal�te; Regulatory Agreement HU�-9246fiM�Rev. D411�} <br /> Rep�aces form HUD-9�466��11�2} <br />
The URL can be used to link to this page
Your browser does not support the video tag.