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2� 1 ��43� wou�c�have a rr�ate�ia��y adverse effect or�t�e Pr�jecty incluc�ing With�ut limitation, Hi�D's determination that there is a substar�t�al risk that deficiencies �dentified by applicahle state an�lor federal regulatary andlor funding agencies can��t be cured in such manner and w�thin such t�r�e periods as vvould avaid th� ��ss, suspension, or dim�nution of any�f the Permits and Approva�s that wau�c�have a materia�ly ac�verse effect on the Proj ect, ar�f HUI] determines at any time that, as a result of a V�olation, th�value of t�e Mortgaged Praperty is at substant�a� and immin�nt risk of mat�r�a� adverse diminution, then HUI] may immediately (without thirty (3�� days n�tice� dec�are an Event of Defau�t of this Agreement and may immed�ately proceed t� ta�e act�ons ta pursue �ts remedies. �c} Upon any declarati�n of an Event�f Default, HUD may: (i� If HUD holds th�Note, declare the who�e of the Inde�tedness immediately due and payab�e and then�r��eed W�th the fareclosure of the Borr�wer's Security Instrument or�therw�se dispose of HUI]'s interest in the Note and the Borrower's Security Instrument pursuant to Program �bligations; (ii} If the Note is not held by HUD, notify the hoider of the Nate of such default and require the hold�r to declare a default under the Note and the BorroWer's Security Instrument, and the h�lder after r�ceiving such Notice and demand, shal� declare th� who�e of the Indebtedness due and payab�e and thereupon proceed with fore�losure of the BorraW�r's S�curity Instrument andlor the exercise of other remedies available to Lender under the Laan D�cuments or at�aw or equity, or assign the Note and the Borrower's Security Instrument to HUD as pravided in Pragram �b��gations. Upon assignment of the Note and the Barrower's Secur�ty Instrument to HLJD, HUD may then praceed w�th the forec�osure of the B orrower's S ecurity Instrument or otherw�se di sp�se af HUD's intere st in the Note and the Barro�ver's Security Instrument pursuant to Program �b�igati�ns; �111� �allect a�� Rents and charges in connection with the Pr�j ect or the aperation of the Healthcare Facility, to the e�tent permitted by applicab�e law, and us� such collections to pay obligati�ns af B�rrower under this Agre�ment and under the Note ar�d the Loan I]ocuments and the ne�essary expenses of preserving and operating the Pr�ject; �iv� Take possession of the Mortgaged Property, bring any act�an necessary ta �nforce any rights of BorroWer growing �ut of the Mortgaged Property's operat�on, and maintain the Mortgaged Proper�� n decent, safe, sanitary condition and good repa�r; �v} Apply to any court, state or fed�ra�, for spec�f�c p�rf�rmance af this Agreement, for an injuncti�n against any Violati�ns af this Agre�ment, for the app�intment�f a rec�iver ta take over and operate the Project in accordance With the terms of th�s Agreement, or for such other relief as Pre�i�us v�rsions o�solete Page Z5 of 3S form HUD-924G�-�RGF�061Z�14}