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201406134
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201406134
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Last modified
7/20/2017 8:55:51 PM
Creation date
9/26/2014 2:20:47 PM
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DEEDS
Inst Number
201406134
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��14��134 <br /> (i��� �ollect all Rents ax�d charges in conn�ctio�with the Pr�ject�r the <br /> �peration of the H�althCare Facility, to the e��ent permitted by <br /> applicable law, ar�.�i use sueh collectia�.s to pay obligatians of <br /> B�rrower under thxs A�re�mer�t and under the Nate ax�d the Loax�. <br /> I7�a�uments and�he nec�ssary�xpenses af�reser�ing and aperating <br /> the Pro�ecty <br /> �iv� Take p�s�ess�on c�f the Mortgaged Property,brin�any actzon <br /> ne�essary t� enf�rce a�.y r�ghts of B�rrc�vv�r�rowin.g out of th� <br /> Mortgaged Propert�'s operation,and maintain the Mortgaged <br /> Property in decent, safe, sanitary��nd�tion and goad repair; <br /> ��} Ap�ly to any c�urt, state ar f�deral, for specif c perfarmance of <br /> this Agreem�nt, fo�r an injunction a�ains�any Vio�ations of this <br /> Agreement, for�he appaintment of a�re�eiver to ta.k�o�er and <br /> �perate the PrQje�t in accordance with the terms af�his Agreement, <br /> or f�r such other relief as may be appropriate, as the injury to HUD <br /> ari.sing from a default un.d�r a.ny a�f the terms of this Agreemen� <br /> would be irreparabie and the amaunt of damage w�u�d be d�f�cult <br /> to asGert�in; and, <br /> �vi} �ollect reasonable atto�rney fees related to enforcin�Borrower's <br /> compliance with th�s A�reeme�t. <br /> (d� Any forbearance�y HLTD in exerci sin�any ri ght�r remedy under thi s <br /> Agreement or oth�rwis�afforded hy applicable l�w�hal�not be a wa��er of�r pre�lude the <br /> ex�rcise of any right or r�medy. <br /> �e� HUD agrees ta honor the provisions of S�ction 5 of that certain Master <br /> Lease Suhardinatian Agreement r�lating ta the Proj e��by and betwe�n Lender and Borrower, <br /> amon�others, insofar as such sections call for HUD's�onsent ar�he re�ease of the Proj�ct fram <br /> the Mas�er Lease andl�r t�e Laan Document�,�n the t�rms an.d subj ect to the limitations set <br /> forth in such.sections. � <br /> 37. MEA�URE t]F DAMAGES� The damage t��-ILJD as a result�f Borrower's <br /> breach�f duties and�blig�tions under this Agre�men�shall be, in the case�f failure to rnainta.�n, <br /> ar caus��o be mainta�ned, the Project as required b�y this Agreem�n,�,th�cost of the repa�rs <br /> requir�d to return th��roj�ct to decent, safe a�a.d sanita�-y conditzon and good repaxr. This <br /> contractua�pro�ision shall n�t a�rvgate or limit any other remedy�r measure af dama��s <br /> avail�l��e��HUD under any civil, crimina�or common law. <br /> 38. N�NRECC]i.�RSE DEBT. The following indi�iduals or entitie�identified in the <br /> Firm �ommitment: Nati�nal Hea�th In�e�t�rs Inc. Mich�.e�D. Eb Ja�se h A. Eb and <br /> -Andrew P.E��as identifi�d in the Firm Commitment da not assume personal t�ability for <br /> payments du�under the Note a,nd the B�rrower's Security Instrument, or f�r the paym�nts�o the <br /> Reserve for T�.epla�ement,or for ma�ters not und�r the�r control,pro�ided that such individua�s or <br /> ent�ti�s shall remain persor�a�ly liabl�ur�der this�Agreernen�anly with r�spect to the matters <br /> P�e�i�us�ersians❑bsolete Page�5 a��8 fQrm HLJ D-924Gs-�RC F(Rev.�31�3} <br />
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