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2� 1 ��435 crimina�, vvh��h, in Lender's reas�nah�e jud�ment, cou�d result in a forfeiture �f the Mortgaged Property or otherwise material�y i�npair the I�en creat�d by this Security Instrument or Lender's interest in t�e Mortgaged Property; (3� any mater�al fa��ure by B�rrawer ta�erfar�n or cor�ply with any of its abligations under this Secur�ty Instrument��ther than those otherwise specified in this Section��}, as and when r�quired, wh�ch continues for a peri�d of thirt� (3�� calendar days after Notice of such fa��ure by Lend�r to B�rrower, Lender sha11 extend such 3�-day pe��od by such time as Lender rea�onably determines is necessary to correct the failure far so long as L�nder determ�nes, in its discreti�n, that: (i� Borrower�s timely � satisfy�ng a�l payment obl�gat�ons in the Laan Documents; (ii}none of th� Permits and Appro�als is at substantia� and imm�nent risk of bexng terminated; (ii�} su�h fai�ure cannot reas�nably be c�rrected during such 3�-day per�od, but can reasnnably be carrected in a txme�y manner, and (�v� B�rroWer commences to correct such failure, ar caus� such correcti�n to be commenc�d, during such 3��day peri�d and thereafter di��gently and cont�nuous�y pra�eeds to corr�ct, ar�ause correction of, such fa�Xure. Howev�r, no such Notice shall apply �n the case of any such materiai failure which could, in Lender's judgment, abs�nt immediate exerc�se by Lender of a r�ght or remedy under th�s Security Instrum�nt, result in harm to Lender or impairment�f the Nate or this Secur�ty Instrument; (4� so long as the L�an i� insured or held by HUD, any failure by Barrovver to perform any of its obligations as and vvhen required under th� Borrower's Regulatory Agreement, which failure continues beyand the applicable cure period, if any, spe��f�ed in the BorroWer's Regu�atory Agreement; h�wever, vio�ations under the terms of the Borr�w�r's Regulatory Agreement may only he treated as a d�fau�t under this Security Instrument �f HUD requests Lender to treat them as such; and, �5} so long as the Loan is �nsured or held by HUD, any Event of Default pursuant to the �perator's Regulatary Agreement, provided that such Event of Default pursuant to the �perator's Regulat�ry Agreement may only be treated as a default under this Security Instrument if HUD requests Lender to treat it as su�h. �c� Lender shall deliver to the Principal�s� of B�rrower,Notice, as provided in Section 3 I, vv�th�n fi�e �5} Business Days in each cas�wh�re Lender has deliver�d N�tice to Borrower of an Event of I]efault, in order to provide the Principal(s} an�pportunity to cure either a Moneta.ry E�ent of Default or a�ovenant Event�f Defau�t. 23. REMEDIE� CUMULATIVE. Each r�ght and remedy provided in this Security Instrument is distinct from al� �ther rxghts ar remedies under this Security Instrument, the Note, or so long as the Loan xs insured or held by HUD, HUD's rem�dies under the Borravver's Pre�iaus�ersEnns obsolete Page�7 form HUD-94DD�-�R�F �Ofi12��4}