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��14��134
<br /> enter into future Contracts of a.ny kind with whi�h Borrower i s ident�fied; and further, if
<br /> B�rrow�r is a carp�ration or any other type of�usiness associatian or organi�ation wh�ch r�ay
<br /> fai�or refu.se to c�mply with the aforementioned�rovisions,HLTD sha�1 hav�a similar r�gh�of
<br /> cc�rrecti�e action(1}v�rit� respect�o ar�y ind��iduals who are�fficers, directors,trustees,
<br /> managers,partners, asso�iat�s�r principal �tackholders af Sorrower; and���with respe�t t�any
<br /> other type of business ass�ciation, ar organi�ation wtth which the officers, directors,trustee,
<br /> managers,partners�, as��Giates�r pr�ncipa� stockh��der��f B�rrower may�e ident�fied.
<br /> �c� HUD and Lender shall�e entitl�d to invake any rerr�edies a�ailable�y Iaw
<br /> or equity to redress any�reach or to c�mpel�amplia.n�e by f�orro�ver with t�.ese r�quir�me�ts,
<br /> including any remedies avaiiable hereunder.
<br /> 4�. BINDIN� EFFE�T. This A�reement sha1�bind,and the b�nef ts shall �nure to,
<br /> Borrower, its heirs, lega�representative, executors,administrators, successors in office ar
<br /> �
<br /> int�r�st,and assigns, ax�d to HUI�and�UD'� suc�essors, s� �ong as the �ontraGt of Insuran��
<br /> �ont�nues in effect, and dur�n�su�h further time as H[..�D shall be Lender,ha�der, cainsurer, or
<br /> r�insurer of the Borrower's Security Instrument, or oblYgated to r�iz�sure the N�te or the
<br /> Borrow�r�s S ecurity Inst�rument.
<br /> �1. FARAM�UNT RIGHTS ANI]�BLIGATI�NS. Borrower warra.nts that it has
<br /> not, a�d shall not,execute any�ther a�re�ment with pro�isians�ontradictory af, �r�n opposi�ia�
<br /> to,the pro�isions hereof, and tha�, in any ever�t,the r�quirem�ents�f this Agreement�are
<br /> param�unt and contralling as t��the rights and obligations set farth and �up�rsede a.n.y ather
<br /> requirements in conflict therewith.
<br /> 42. SEVERABILITY. The invalidity of any clause, part, or pr�visi�n of�his
<br /> Agreement shall nat affect the validity�f the remaining por�ions hereaf.
<br /> 43. RULES ff�F C[]NSTRU�TIC�N. The captions and headings of the sectians of
<br /> this Agre�ment a.re for conven.aence on�y and shall be disregarded in canstruing this Agreement.
<br /> Ar�y r�fer�nce in this A�reem�nt t� ari"E�hibit"or a"Sec�i�n"sh�l�,unless othervvise explicitly
<br /> provided,be c�nstrued as ref�rrin�,res�ect��ely,to an Exhibit attached to this Agreement or to a
<br /> SeGtion�f th�s Agreem�nt. All�xhibits attached to or referr�d�o in this Agr�emer�t are
<br /> incorp�rated by referen�e into thi�Agreement. Use af the singu�ar ir�this Agreement include�
<br /> th�plural a.nd use of the plural �ricludes the sin�ular. As used in this Agreement,the term,
<br /> c`1�1C�LlC�lI1�'a I11��3.I15"I.I1C112�1I]ga�Ll�Ilat I11111t�t��Q."
<br /> 44. PRESENT ASSYGNMENT. To the e�ten�perm��t�d by ap�licab�e�aw,
<br /> Borrower irreva�ably an.d unc��diti�nal��as�si�ns,pl�dg�s,rr��rtgages and transf�rs ta HUD its
<br /> rights ta Rents, charges, fees,�arry�ng chaxges, Proj ect accounts, security d�posits, and other
<br /> r�venues and receipts�f vvhatsa�ever sort that it may receive�r be entitled ta rec�i�e fram the
<br /> operation of the M�r�ga�ed Property, subject to the assignment of�ents ar�d other pr��isi�n�in
<br /> th�Borrovver's Security Instrum�nt and, if Borr�vver is also �perator, subject to the rights of at�.y
<br /> accounts recei�a��e I�nder under ac�ounts recei�able financing that has beer�appro�ed by HUD.
<br /> LJntil a default is declared under this A�reement, a re�vocabl� license is granted t�F3orro�nrer to
<br /> c�l�ect and r�tain such Ftents, charges, f�es, carryin��harges,Praj ect accounts, security d�posits,
<br /> Previous�ersions obsoiete Page 2�o��8 farm HUD-9��fifi-�R�F(Re�.�31�3�
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