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201401200
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Last modified
7/20/2017 10:24:51 AM
Creation date
3/3/2014 1:13:25 PM
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DEEDS
Inst Number
201401200
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��14�1��� <br /> �3 <br /> �bligations. U p�n a�s�g n m�nt �f the Note an� Security I nstrument to H U D, H U D <br /> may th�n pr�ce�d with the foreclosure of the Security �nstrument; <br /> iii. Callect aE� Rents an�l charges in connecti�n with th� aperatian of the Praject and use <br /> such �oi[ecti�ns to pay B�rrower's obligations under this Agreem�nt and under the Note <br /> and SeGurity 1 nstrument and the nec�ssary expenses af preserving and op�rating the <br /> M�rtgage� Property; <br /> r�. Take possession of the Mortga��d Praperty, br�ng any action necessary to �nfarc� <br /> any rights af Borr�wer gr�wing out of the M�rtgaged Property's op�rat�on, and maintain <br /> the Mortgaged Pr�p�rty in deGent, safe, and sanitary condition and good repair; <br /> v. Apply to any caurt, state or federal, f�r specific performance of th�s Agre�ment, far <br /> an injunction against any Violat�ons of this Agr��ment, far th� appointment of a recei�er <br /> t� take over and �perate the Project in accordance with this t�rms of the Agr��ment, or <br /> for such �ther relief as may be appropriate, as the injury t� HUD arising from a defau�t <br /> und�r any af the terms of this Agreement would b� irreparable and the amount of <br /> damage would b� difficult to ascerkain; and, <br /> ��. Co!lect r�asonabl� attarn�y fees relat�d t� enfarc�n� Borrvw�r's compliance with this <br /> A�reement. <br /> c. Any forbearance by HUD in exercising any righ� or rem�dy und�r this Agreement �r <br /> atherwise affarded by applicable law shalf not be a waiver �f ar preclude the �xercise of <br /> any right or r�medy. <br /> 39. IVIEASURE �F DAI�A�ES. The damage t� HUD as a result af Borrovver's breach <br /> of duti�s and �bligations under this Agreement sha11 be, in the case of failure to <br /> maintain th� Mortgag�d Property as r�quired by this Agre�m�nt, the cast �f the repairs <br /> required to return the Project t� d�cent, safe and sanitary condition and go�d repair. <br /> Th�s cvntractua� provision shall not abr�ga�e �r limit any �ther rem�dy �r m�asur� af <br /> damages avaElable to HUD under any civ'ri, cr�m�nal ar common law. <br /> VIII. MISCELLANE�US <br /> 4�. C�NIPL�ANCE INITH LAWS. <br /> a. Borr�w�r shal� comp�y with a!I applicabfe: laws; �rdinances; regu�ations; <br /> requirements af any Go�ernmenta! Authority; lawfu� cov�nant� and agreements <br /> �inciuding the Se�urity Instrument} re��rd�d against �he Mortgaged Property; and <br /> Program �b�igations in��uding lead-bas�d paint main�enanc� requirem�nts �f�4 �FR <br /> Par� 3�, subpart �, and any succ�ssor r�gulatians; includ�ng but not I�m�ted to those of <br /> the foregoing pertaining to: heafth and safety; canstructian �f Empro�emen�s on the <br /> Previous editions are obsolete; Regufatory Agreement HUD-92466M�Rev. 041�1} <br /> Repla�es form HUD-9�46fi(111��} <br />
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