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��14�1�� 2 Th�s Agreement is entered into this 1 st day �f Mar�h, �D�4, ��tween LUTHERAN H�MES, 1NC., a non-�r�fit �orporation arga�ized and ex�sting und�r the laws of N�braska, whose addr�ss �s �8�7 West Faid�ey A�enue, �rand Island, N�braska 688�3, its successars, heirs, and assigns �jaintly and se�erally} �Borrower} and the United States Department af Housing and Urban De�el�pment, actEng by and thr�ugh the Secretary, his ar her success�rs, assigns or designates �HUD}. I n consid�ration af, and in exchange far an acti�n by H U D, H U D and B�rrower ag r�e to the t�rms of th�s A�reement. The H U D act�on may be one of the foll�wing: H U D's end�rsem�nt f�r insu ranc� of the Note, H U D's consent t� the transfer of the Mortgaged Pro�erty, H U D's sal� and conveyance of the M�rkga�ed Property, or H UD's cans�nt t� other act�ons related t� Borr�wer or to the Markgaged Property. Further, Borrower and HUD ex�cut� this Agr�ement in �rd�r ta �omply with the re�uirements of the Nati�na� Housing Act, as am�nd�d, and the r�gulations adopted by HUD �ursuant ther�to. This Agr��m�nt shall cantinu� during such peri�d of tEm� as HUD sha�l be the awner, hofder, �r �nsurer of the Note. U�an sat�sfaction �f such Not�, this Agreement shall automatically t�rminat�. Hawever, B�rr�wer shalE be responsi�le for any Violati�r►s af this Agreement which occurred prinr t� term�nation. Vi��ation af this Agr�ement may subject Borrower and other s�gnatori�s hereto to ad�erse actions. Refer t� Artic�e VII below. A�REEMENTS: 8orrnwer and HUD ��v�nant and agree as fo�lows: I. DEFINITI�NS �, DEFINlTI�NS. Any capita�ized term ar w�rd us�d h�re�n �ut not defin�d sha�l ha�e the m�an�ng given to �uch term in the Securi�y Instrum�nt b�tween Borrower and Lend�r or the Note. The f�f�owing t�rms, when used in this Agreement �including when used in the abn�e recitals}, shal� ha�e the following meanings, wh�th�r capitalized �r nat and wF�ether sin�ular or plurai, unless, in th� context, an incangru�ty results: a. "Affiliate" is d�fined in �4 C.F.R. 2��.2�5, or any su��essor regu�atian. �. "Barr�wer" means all entities id�ntified as "Barrower" �n th� first paragraph of th� Security lnstrum�nt, together with any succ�ssors, he�rs, and assigns �jointly and se��rally}. "Borrower" sha![ �nclude any �nt�ty taking title to the Mort�aged Property wh�th�r ar n�t such entity assume� the Not�. Whenev�r th� term "B�rrower" fs used here�n, the same shall b� d��med ta include the obfigor af the debt secured �y th� Securi�y Instrument and sha�l afs� be deem�d t� be th� mortgagor as d�fin�d by Pr�gram �bl'rgati�ns. c. "Business Day" 'rs defined in Se��i�n 4�. Pre�ious�ditions are obso�ete; Regulatory Agreemen# HLJD-92466M�Rev.�4111} Replaces form HUD-92466(�11�2}