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2� 1 ��435 insur�s th� Loar��r holds a security interest on the Mortgag�d Praper�y, �Va�te is c�mm�tted when, without L�nder's and HUD's express written consent, Borrow�r: (1} physically changes, �r permits ��anges to, the Mortgaged Praperty, whethe�neglig�nt�y�r intentionally, in a mann�r that redu�es its va�ue; �2} fa�ls to ma�ntain th� Mnrtgaged Praperty in decent, safe, and sanitary condxtxon and in go�d repair; �3� fails ta pay, or cause to he paid, befor� delinquency any Taxes secured by a I�en having pr�arity over this Security Instrument; (4� materia�ly fails ta comp�y with covenants in the Nate, this Security Instrument, Borrawer's Regulat�ry Agreement, ar any Loan D�cument, respect�ng physical care, maintenance, �onstruction, abandonment, demo�iti�n, or insurance against casualty af the Mortgaged Praperty; or �5� retazns possessian�f Rents to which Lender or its assigns have the right of possessxon under the terms �f the L�an I]ocumer�ts. "U�� allateral"means any Mortgaged Pr�perty wh�ch, under app�icab�e law, may be subject t� a security interest under the U��, whether acquired noW or in the future, and alI products and cash proceeds and n�n-cash proceeds there�f. 2. UNIF�RM ��MMERCIAL C�DE SECURITY A�REEMENT. (a} Th�s Security Instrument�s also a securit� agreem�nt under the LJnxform Commercial �ode ("U��"� for any of the Mortgaged Property which is U�C �o�latera�, and Borrower hereby grants to Lender a securit� �nterest in the U�� o�latera�. Borrov�ver herehy authorizes Lender ta file financ�ng statements, c�r�tinuation statements and amendments, inc�ud�ng any depos�t account eontrfll agreements or simi�ar agreements, �n such form as Lender may r�quire to perfect or c�ntinu�the perfectron�f th�s secur�ty interest. Borrower agr�es to e�.ter into any agreements, in form as Lender may require that the U�� requires t� perfect and continue perfecti�n of Lender's secur�ty interest in the portion of U�� ol�ateral that requires Lender c�ntrol to atta�n such perfection. Borrower sha�1 pay a�l filing costs and a11 costs and expenses af any record search�s for finan�ing statements that Lender may require. Without the pr�or written consent af Lender and HUI], Borrower sha11 not create �r permit to exist any other lien or s�cur�ty �nterest in any of the U�C ��1latera�. Borrower r�presents and warrants to Lender that, except for U�C f�iings disclosed to Lender and HUD that are to be released in can�nection W�th the closing of the Loan or otherwise conser�ted to in writing by Lender and HUD, no U�� filings have been made against Borrower, the U�� ollateral, the Mortgaged Pr�perty, or the Project prior to the �nitial �r initiailfinal endorsement of th�Note by HUD, and Borr�wer has taken and sha11 take no action that vvould give rise ta such U�� filings, exeept for any U�� filings in��nnection With the acquisition af any Personalty that has been appraved in writing by HUD. Borr�wer also repr�sents and warrants t� Lender that, except in connection with any Accounts Receivabie financing as approved by Lender and HLJD ar as atherwise Previvus ve�sions obsolet� Page'13 form HUD-94��0-�RGF ��61��4}