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��14��134
<br /> and Ser�i�es received. The purchase price of�oads�.nd 5�rvices shall be based on qual�ty,
<br /> durabi�ity and scope of work. Reasonable �perating Expenses do n�t inciude amou.nts pa�d for
<br /> betterments as defined in the Property Jurisdiction�r the Im�aro�ements unless determined by
<br /> HUD to�e prudent and appra�r�ate. �f the Borrower is acquir�ng govds and services whose c�sts
<br /> exceed five percent�S.��°/a�a��he Healthcar�Facxlity's gross ax�xival re�enu�, Borrov�er shall
<br /> so�ieit wrxtten�ost estimates. Borrower sha1�ke�p eo�ies of all wr�tt�n�ost estimates and
<br /> �ontracts or other instruments re�ating ta the Proj ect, all�r any of wh�ch may be subj ect to
<br /> inspection ax�d�xamination by HUI]at the Project ar�ther mutually a�reeable location.
<br /> Z4. I�E�PUNSIVENESS T�IN�UIRIES. At the request af HUD, Bo�rower shall
<br /> promptly furnish or cause to be furnish�d aperating bud�ets an.d occupanc�, a��our�ting and
<br /> other repart�(includ��g credit reports�axid giv�ar cause ta be given specific answer�ta
<br /> questions relative ta incorne,assets, liabiliti�s,contracts, operatinn, and�anditions of the Proj ect
<br /> and�h� status of the Borrower's S�curity Instrument.
<br /> �5. PEI�MIT�AND APPR�VALS.
<br /> �a} Borrower shal�at all�zmes caus��perat�r, or any less�e�r m�agement
<br /> agent, as appl�cable,tn maintain in full #`orce and effect, all appropr�ate cer���cates of need, b�d
<br /> au�hor��y,provider agreements, �1C�ri5�5,permits and approva�s reaso�ab�y r��cessary ta op�rate
<br /> the Hea�thcare Facility c�r to furid the operatian of the Project for the App���ed Use�coll��tiVely,
<br /> th�"Permits and Appr��al�"). �Vithout the p�or vvr�tten cansent�f HUD, none of the Permits
<br /> and Appro�als sha�l be Conv�yed, �..551�I1�C�, encumbered,transferred ar alienated frc�m the
<br /> Healthcare Facility or the Project�n�r shall they be rel�nquis�ed to any licen���g or�er�ification
<br /> autharity�. BorroWer shall ensure that the H�alth�are Fa�i�ity and the Project ar�at all times
<br /> operated in a�cardanc��v�th th�requirements of the Permits and Appravals.
<br /> �b) The security in�er�st refe�-red t� �n Sect�on�7 b��ovv sha�l const�tute,to the
<br /> e��ent��rmitt�d by iaw, a first lien upon a�l of the rights, ti�les and interests of Bor-�rower, �f any,
<br /> in the F'ermits and Ap,pravals. HovWever, in th�ev�nt of either a monetary or other d�fault under
<br /> thi�Agreement,the N�te,the Barr�wer's Se�urity Instrument,or any❑f the ath�r Loan
<br /> D�CI�IYlerlt5y the Borravver sha11 cooperate ir�any�egal and lawful rnar�er necessary or required
<br /> to permit the continued opera�ion of�he Hea�thcare Faci��ty for the Approved�LTse. Far the
<br /> intents and purposes herein, B�rrow�r hereby irrevo�ab�y nominates�and appoints Lender and
<br /> HUD,their respective successors ar�d assigns, each i�i�s own capacity, as Borrower's attorney-
<br /> in-faet coup�ed with an interest to do all thin�s that any such attorney-�n-fact deerns ta�be
<br /> n�cessary or appropriate in order to fac�litate the continued operatiori of the Healthcar�Fa�ility
<br /> ar�d the Froj�ct far the A�ppraved Use, includin�but not limited to,the power and author�ty to
<br /> pro�ide any ar�.d aIl infc�rmation and data,pay su�h fe�s as may be r�quired,and execute and sign
<br /> in the name of Borrower, its �uccessars or assigr�s, ax�y and all documents, as ma�be r�quired by
<br /> any �o�ernmental Authority exercisin�jurisdicti�n over the praj�ct.
<br /> �c} Borravver shal��at a�ter,terminate or relinquish ar suffer�r permit the
<br /> a�teration,terminatzon or relinquishment of any Permits and Approvals without the priar wri.tt�n
<br /> ap�rova��f HUI�. �n the event that a�y su�h alt�rat�or�,termination�r r�lin�uishment is
<br /> propo�eda upon learn�n�af such proposed a�teration,terminatran or re�inquishment� Borrawer
<br /> Previous ve�si�ns obsa�e#e Pag�1?���8 form HllD-9�466-�RCF[Re�.�31�3}
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