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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 /> "�ra�gram �biigations"means(1}ail applicable statut�s and any regulatians issu�d by HUD <br /> pursuant theret� that app�y to the Proj�ct, in�luding a�I amendments to such sta.tutes and <br /> r�gu�atians,as they become effective,excep�that cha.nges subject t�notice an.d�omment <br /> rulem.a.king shall become effective an�y upon completion af the rulemaking pr�cess, and(�}all <br /> �urr�nt requirem�nts in HUD handbooks ar�d guides,natices, and mortgagee�eiter�that apply to <br /> the Pro,�ect, and a�1 future updates, chan�es a,nd amendments thereto, as they becom�eff�ctive, <br /> e�cept that chan�es subj ect to no�ice and Gomment rul�making shal�become effective oniy up�n <br /> ��mp�etic�n�f the ru�emaking process, a,nd pro�vided that such future updates,chan.ges and <br /> amendments shal� b�applicable to th�Praj ect only to the��tent that they interpret, �Iarify and <br /> rmplement terms in this Agreement rather than add�r del�te provisions farom such document. <br /> Handbooks, guides�natic�s, and m.artga�ee�etters are available on HUD's�ffi�ia�vvebsite: <br /> http:llwww.hud.��vl�fficesladmChud�l�psl�ndex.cfm�r a successor I�catio�to�hat s�t�. <br /> "Project"has th�meaning set for�h in the BorroWer's �ecurity �n�t.rurnent. <br /> "Property Jurisd�ctian"is axay jurisdre�i�n in which the L�d is located. <br /> "ReasanablQ�perating Expens��"m�ans expenses that arise from the operatiari,rnaintenance <br /> an�i routine r�pair of the Proj ect, includin�a�l payments and d�posits re�uired under this <br /> A�reernent and any of the Loan Documents,arid comply with the requirements of�4 �.F.R. <br /> 232.1��7, or suc�essor regulati�n. <br /> "�.eilf,""Profits" aI�C�"Incvme"shall in.clude: al�r�nt du�pursuant tc� any Master Lease or <br /> C]p�ra�or Lease; any payments due pursuant ta any Resid�ntial Agreement; ara.y other�ease <br /> payrnents,re��nues,charges, fees and assistance payments arising fr�m the�peratian af the <br /> Praject, �ncluding but not limited to,if and for so long as applicable, comm�rcia� lea.ses, <br /> workers' compen�ation, socia� security�M�d�care, Med�caid,and ather third-party <br /> reir��ursement paym.e�ts,Accaunts Re�eivabl�(as defined in the Borr�wer's S�curi�y <br /> Instrument} and all payments and�nc�m�arising fr�m the opera�ian nf the H�alth�are Facility <br /> andlor the pro�ision of services�o residents thereof. <br /> "Reser-�e for Replacement"is d�fined in Section �3. <br /> "R�sideatial Agreena�ent"means a lease or other resid�nt a�reement between the o�erator of the <br /> Healthcare Fa�ility and a resident setting forth the terms af the resident's li�in�arrangement and <br /> the pro�ision of ax�y re�ated services. <br /> "R�sidual Receipts"m�ans certain funds held by a Non-Praf t Borrower which are restricted iri <br /> their use by this Agreement and Pr�gram�bligations, ar�d�therwise desc�bed in Section 17. <br /> "Surp�us �a�h"is�ef ned in Secti�n 15. <br /> "Tax�s"mean�all ta�es, assessm�n�s, vault rentals ar�d other charges, if any� general, speeial c��r <br /> atherwise, including a11 assessments f�r s�hoals,public betterm�nts and�eneral or Io�al <br /> improvements,that ar��e�ied, assessed or imposed by any public authority or quasi--public <br /> authority, and that, ��nQt paid,could becom�a lien on the Land or the Zm.pro�ements. <br /> F�reviaus version�absolete Page 5 flf�8 form H U D-9�4�fi-4R�F(Re�.�31�3} <br />
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