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��14��134
<br /> such request by HUD, �orrower shall irnmed�ately arrange to terrninate the cvntract, ar cause
<br /> �perat�r to terminate the contract,and Barrower shall also malce arrang��nents, or cause
<br /> �perator to make arran�ements, satisfa�t�ry to HLJD for eantinu�ng aGc�ptable services ta the
<br /> Pr�ject effectiv�as of the terminati�n date of the�antract.
<br /> 32. MANA�ENIENT��ENT. In the e�ent that a manag�ment agent is�r wi11 be
<br /> the ho�der of the Healthcare Faci�ity license�r�s or wil�be the payee u.nder nne or more third-
<br /> par�y payor agreernents�vith res�ect to the Healthcaxe Facility, such ma,nag�ment ager�t wiil be
<br /> treat�d�s an�perator in a�cardance with Pr��ram�b�igations.
<br /> 33. CC]MMERCIAL �N�N-RESIDENTIAL)LEASES. Na portion of the Pra�ect
<br /> shall be leased for any camm�rcial purpa�se or use withaut rec�iving HUL]'s pri�r written
<br /> appraval as to terms, form ar�d amount, except f�r commercial leases f�r support or ancil�ar�
<br /> services which a�re subordi�ate to the Borrower's Secu�ity Instrument,have terms af not mo�e
<br /> than f�e�5}years and�therwise comply�rith Pragram �bl�gati�ns. Barrower sha�l deliver, or
<br /> cause�o be del�v�red, a.n e�ecuted��p}�of any cvmmercial leas�to HUD an�i Lend�r v�ithin
<br /> thirty�3�}days after its effective dat�.
<br /> V. A�TIC]NS�E(�UIRIN� TI-�E PRI�R WR.ITTEN APPR�VAL(�F HUD.
<br /> 34. Barrower shall not without the�rior�vritten ap�roval of HUD, rncluding w�thout
<br /> �imitat�c�n in accordance w�th Program�bligati�ns:
<br /> �a� �on�ey, assi�n,transfer,pledge,hy�aothecat�,�ncumb�r,or otherwise
<br /> dispose of the Mortgaged property or any inter�st therein, or permit the con��yan�e, assign.ment,
<br /> or tran�fer of any interest or contro�ir�Borrow�r�if the�ffect of such�o��eyanGe, �ssignme�.t or
<br /> transfer is the creation or elimination of a Principal}unless permitted l�y Pr�gram�bligatior�s.
<br /> Barrow�r need nat obtain the prior written approval of HUI� fc�r: (i) conveyance of the
<br /> Mart�aged Praperty at a judicial or nan judicial fnreclosure sal�und�r the Borro�v�r's S�cur�ty
<br /> Instrument; �ii}ir��lu�ion of the Martgaged Prvperty in a bankruptcy estat��y operation af�aw
<br /> under the United States Bankruptcy Cod�; ��ii�acquisitzon of ar�interest by inherit�ce or by
<br /> court decree; or�iv�as otherwise allawed by pragrarn�b�igations.
<br /> (b} Enter into an��ontract,agreement or arrangement to borrow funds ar
<br /> finan�e any purchase�r incur any liabili��, direct vr contingent, other than in ac�arda.x�ce with
<br /> the I.,�an Docu.ments and Program(����gations.
<br /> �c� Pay out any funds in v�olation.c�f this Agreement,the Loan Do�uments, or
<br /> program�bl�gations.
<br /> �d} In accordance with 24 �.F.R. �3Z.1�D? or any successor regulation,
<br /> except far Distri�ut�ans allowed pursuant to th.is Agreement,pay any cc�mpen�ation, �n�ludin�
<br /> wag�s ar salaries,in exces�of fair and reasor�able campen�at�on�r incur any�bligation to do sc�,
<br /> to any officer,dire�tor, stockholder,truste�,beneficiary,partn�r,member,or Principa�of
<br /> Borrower, or to �y n�mine�there�f, excep�that, at ara�tim�at which B�rrower is the operatar
<br /> of the H�a�thcar�Faci�ity,Borro�ver may pay fair and reasonabl�comp�nsation to employ��s
<br /> whQ a.re afficers, directors, sto�kh�lders,txus�ees, benef ciaries,partnersa memb�rs�r Prin�ipa.ls
<br /> of Borrawer.
<br /> Rre►►ious versions abso�ete Page�� of�8 form HUD-9�4Sfi-�RCF(Re�.�31�3}
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