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2� 1 ��435 we�site: htt :Ilwww.hud. ovlofficesladmlhudcli slindex.cfm or a su�cessor location ta th�at site. "Project" means any and all assets of whatever n�tur� or wherever situatec�relat�d to the Loan, irrc�ud�r�g vvithout lim�tation,th� M�rtgaged Property, any Irnpra�ements, and any co�lateral owned by the �perat�r securing the Laan. "Proper�y Jurisdicti�n"means any applicab�e jurisdiction in wh�ch the Land is located. "Reas�nable aperat�ng Expenses"means expenses that arise from the operation, maintenance and routine repair�f the Proj ect, inc�uding a��payments and deposits required under this S�cur�ty Instrur�ent and any Laan D�cument, and camply with the requirements of 24 �.F.R. �32.1��7, . or successor regu�atlan. "Rent"means a�l rent due pursuant to any Master Lease or �peratar Lease, any payments due pursuant to any Residential Agreem�nt, any ather lease payments, revenues, �harges, fees and assistance payments arxsing fram th� operation of the Praj ect, including but nat limited t�, if and for so �ong as applrcahle, w�rkers' Compensatian, social security, Medicare, Medicaid, and other third-par�y reimbursement payments, Accounts Receivable and al�payments ar�.d�nc�me arising from the �peration�f the Healthcare Facility andlar the provisian�f services to residents thereof. "Residential Agreem�nt"means any�ease or other agreement hetween th� �perator and a resident setting forth the terms of the resident's living arrangements and the provision of any related services. "Residual Rece�pts" means certain funds h�ld by a Non-Fr�f�t B�rr�wer which are restr�cted in their use by Program �bligat�ons. "State" means the state of the Praperty Jurisdiction and may include any of the f�fty states of the United States �f America, Puerto Rieo, the District of�o�umbia, Guam,the Trust Territory of the Pacxfic Islands, the American Samoa, and the V�rg�n Islands. "Surplus Cash" means any BorroWer's cash remaining in Project-reiated accounts at the c�ose of bus�ness on the last day of the Proj ect's semi-annua� fiscal period, as further described in Program �bligations. "Taxes" m�ans aI� taxes, assessm�nts, vault r�ntals and other charges, if any, general, specia� ar other�vise, including a�� assessments for schools, public hetterments and general or�ocai improvements, which ar� levied, assessed or impased by any public authority or quasi-pub�ic author�ty, and which, lf IlOt�J�1C�, cou�d become a lien on the Land or the Improvements. "Waste" means a failur� to keep the Proj ect in decent, safe and sanitary conditian and in go�d repa�r. Waste a�so means the failur�to meet certain financial ob��gatians regarding the payment of Taxes and the relinquishment of the p�ssession of Rents. During any period in wh�ch HUI] Previous vers�ons obsvlete Page '12 form HLJD-940��RGF ��612�'i4}