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��14��134 11. PR�PEI�TY AND�1�E1�,A►TI�N; EN�i�MSRAN�:E�. �a} Borr�wer sha11 depasit a11 receiptS of Borrower r�lating to the Fxaj ect including a�l Rents,Ad�ances, and equity or capital contributi�ns required under the Firm Cornmitmen�or otherwise ad�anced far th�purp�se and as part of the Martgaged Pro�perty,in �he name of Borrower, far the benef t of the Froj e�t, i�a federally insured dep�sitary or depnsitories and�n accarda.r�c�with Pr�gram�bligations,pravid�d�hat, in a�cordanc�wi�h Program C]bligatians,an account held in an institutiar�a�pro�ed by the Government Nationa� Martgage Assaciation may have a ba�axace that e�Ce�ds the amount to whzch such dep�sit insuran�e is limited. Equity or ca�ital contributions sha�l not include cer�ain s�ndication praceeds, su�h as pra�c�eds from Low�n��m�Housing T`ax�redi�transactians used to repay bridge loar��, a�� as mor�fully set for�h in Pr�gram ��l�gatians. Such funds shall be withdrawn only in accordance with the prov�sians af this Agreemer�t ar�d Prograrn�bligations. Any persan or entity receiving Mortga�ed Property ar any�ther proceeds of the Froject other than for eligxble purpases pursuant t�this Agreern�nt shall immediately deii�er such Mort�aged Proper�y ar vther praceed�to Borro�ver f�r the b�x�ef t of the Proj��t a.nd failirag sa�to�o shall hold arid b� deemed t�hald such Mortga�ed Property in trust for the ber�efit of the Pro j ect. �b} B�rrnv�rer shall not engage in any business or a�ti��ty, ir�cludir��the operation of any other project or other healthcaxe faci��ty, or other an�iilary husinesse�, or incur any�iability or��ligatior�n�t in connectian wi�h the Praj��t. Borr�w�r shall nv�acquir�an �ffil�ate or�antract to enter inta any aff�iation v��th aray pa.rty, e�cept as apprnved�y HUI�. �c� B�rrower sha11 immediately satisfy or abtain a release of ar�.y mechanic's lien,attachment,j udgment l�en, or any other lien that atta�hes tn the Mc�rtgaged Proper�y, except to the exten�permitted by HUD. �d� Penalties, includ�n�but not�imi�ed to delinquent ta�penalties, shall not b� paid from th�Martgaged Fr�perty exc�pt to the extent such payments are considered Distributians ar�d are a��owed pursuant ta this Agreement. �e} Barrow�r sha11�rompt�y natify HUD of the app�ir�tment af any rec�i�er for the Pro�ect,the f ling of a petition in hankruptcy or i�solvency or for reorgani��tian, as well as the reten�ion of any attorneys, ennsultants or�ther professionals in anticipati�n af such an appointme�t ar filing. �f} �orrawer shall �aus�th�Proj eGt to be insured at all t2mes in acc�rdan�e vvith the Barrovver's Securit��nstrurnent and Program�]bli�ations,a.rid�orrower sha�1 not�fy HUD af a11 payments recei�ed, �r claimed, from an insurer. �g� Borrawer shal�notify�IUD of any a�tion or proceeding re�ati�g to any cond�mna�ion�r other�a�in�, ar c�nveyance in 1�eu th�r�af,�f�.1�or an�part nf th�11�ort�a�ed Praperty, whether direct or indirect c�nd�rr�►r�atian. �h� Ba�-arower shall n�tify HUD of any litigation praceeding f�led a�ainst Bvrrower or Principals, �perator,the Health�are Fa�ility, or the Praject, or any Iitigation pr�ceeding file�i by Barrower,pursuant�o Program�b�i�at�ons. Previ�us versions nbsolete Page 8 of 28 form HUD-924�S-�R��(Rev.�31�3}