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nuntgaped propctfy. sul,ircl, ho\vc\cr. to ant acsi8nno:nl of n fits in
<br />Ili, iirsnrc:d nunlp:lge referred to flcrcin. Ilrllil :t dcf :ill j.. dcrl :ncd
<br />under Ihis Apiccnlcnt. ho\cen r. pc nnissi„n is prloaucl 1,, t lo. our 1„
<br />collect :old tctain under the plot isions of Ihis Alnccnuan ,loch lull :.
<br />l,rclfits, inc•nntc.:110 ch :ages, bill open dchlolt this I,crini"'i, n i -;
<br />terininaled its to :ell tr.nts due or collerle,l thcle:ahcr.
<br />13. \s used in this Aptccnlem Ih(- Icon:
<br />(a) `Nlollpapc" inclolcs A)vvd of Iicr,I •( h:lttrl Alultpngr
<br />"Sccorily III!•t111111CI1I ". :111.11 ant ollcl cccnitt IoI Ihc nuts
<br />idcnlificd hcicin.:nld cnrdolsc,l hn in.rn :lnrc or hell h_t till-
<br />Secretary:
<br />(b) "Mottpapec" refers to Ihc holder ill ,hl- no,llpagc idc•nlificcl
<br />hcicin, its successors and :c :signs:
<br />(c) "Moil r." rcfcls to the pl-ts,nr; n:nncd ill Ihr Iil,.t Ivunpl :11,11
<br />hcrc(if mill dcsit'llatcd ns Mt llcr:. lilt-if snrccs, :ml . licit" :nnl
<br />assigns:
<br />(d) , Mottgapcd I'nlperly" includes fill lnopclty. real. pc1•.n11a1 ,n
<br />mixed. c•ovelml by Orr rtn,ltpapc fir nl„lrpn pr: srrolinp the llou
<br />endorsed fill insut:mcc or fluid k Ihc Scrlclalt:
<br />(c) "Project" includes Illr m llpnpcd pl,•pu11t ;111(1 all ils ,dhc•r
<br />assets of Mull:octcr a :llntc ur nhetcsnrt cr silmll(% eked ill nI.
<br />mvned h} the husinrss cnndocicd u)I :1i,i nnnlpap.rd llwllvllt.
<br />lvhirh bnsincss is pan if inp housing :Ind olhcr m Ii% ific.. a, au•
<br />inuidcnfal lhcicln:
<br />(f) "Sulpins (nsh" ntcnnc :alt cash Icnlaiojnp Awl:
<br />(1) the pav nn:nt of:
<br />(i) All soritsdoe ,I cnnenllt Icclni,cd In he 1 ,,id tinder Ihr.
<br />Icrn,s of :Ill% luollp:tpc of uotc inslncd of livid Ili Ihc
<br />$ecicl:ll y;
<br />(ii) All mimmits rcrplilcd to hl- dcp-JIrd in Ihc rescr\c
<br />fund for Icpincc flit: nls;
<br />(iii) All oblipaticros of flit- pi,+jcct nlncr limit the insured
<br />nlnitgnpr tnllcss funds flit lntI t lrnl :fir scl Aside or
<br />(lcfcnm :fit of pa�mcnt hits been :1ly16)Ncd ht Ih(: Sec
<br />-
<br />Ictarl, ::tad
<br />(2) Ihc scgtrpntinn of:
<br />(j) An athounl cgnnlb, Ihc :lpprcp,Ilc of all spccjal hinds
<br />Ictluircd to he nlajntiliucd by the ploit-c•1; and
<br />0i) All temint scrulity deposits livid.
<br />Ig) '1*41ibulion" tncltns :illy \601011r:11 of takinp of cash or:nly
<br />: ;%cls of Ihc ptoicc•l, iucln(1inp flit. suprcpalion of rash fir asscls
<br />for snhscc lntff %, itltr11r;m0 \vilhin lfl(! Iinlitalion,; of 1'Innprnph
<br />ble) hctcnf.:u:d cxchali,Ip 11;1vowlll fill tcasnn :Illlc cxl,cm.cs
<br />hicicienl to file oprrntion :old nlailiteIf:vlc•c of file plojcct.
<br />200006301
<br />Ili) "I)chlill" ntcmis :t dcholt dccl:ucd l,v Ihr. Scclef :nv - , n
<br />0olalion of this Agrc•cnlcut is not cnrtccicd In his sali•I •,` n
<br />\vithin till, liulc :11111 cd b} this Aplccnlcn( or such furtb• •little
<br />:IS nl:ty he allmved by file Scclet :uy lifter \\,riticn nutice;
<br />1111 "Scc•tinn" refers to It Scction of file Nutional Ilousing Act,
<br />as Ilnlcnded.
<br />Dkp[acc(1 persons or flollilics" shall mean :l fnnlily or fmnilics.
<br />r,r a pclsml ilkl+lncud li„nl :ill urhnn Ictticm- :11 alra, fir Its file
<br />Icsolt of p,,ccrnulcm action. or as a Icsull of a major disaster as
<br />dulvrnlillcd lly Ihc 1'lrsirlcnl puts" :tot In Ihc Disatslcr Relief Act
<br />of 1910.
<br />(I <1 "Fillmly person" nlc :tns any person. nmuied or single, who is
<br />slxiv -( \vn vents of Iige or five, -.
<br />I1. 'lllis insttunlcat shall hind. Ilad the hcnefits shall inurr to, the
<br />rc•puctive (hvrirrs, their hens. Icgal rcpfescntatives, rsccutors,
<br />mhlliuistinfols. successors in office or iutelest_ and assigns, and to the
<br />Serlchily and his surcessots so long Its file conhmef of nuaigage
<br />insttl;ulce c•ouli11ucs in effect. and during such fulthcr time as the
<br />Sccrctary shall he the im new, holder, or rciusuler of the nonigltge, or
<br />nhligntcd hl lcinsurc fit I t. mortgage..
<br />15, Owncrs 1%;,1r;Int that they have nut.:urd \vill not, execute ,lily olhcr
<br />agtccmcut Willi provisions c•outradic•tory oC or in opposition to, the
<br />provisions hcrcof.:old Thal, ill :illy event_ the rc,luirhtncnts of this
<br />Aprccnlcnl :fie pulanlounl and coultcdling Its to the rights and
<br />oblip:11ions set fotlh and supersrcle uity othel rceltflrcnicills rn collfllct
<br />thcre\vilh.
<br />Ill. 'Ihr invalidity of any clause, plot or provisions of this Agreement
<br />shall lint ;[feet the v:tliclity or the rrulaiuinp portions thereof.
<br />17, '[lie folimviltg Owhets: RE:cent , L. L. C. a. Nebraska
<br />Limited Liability Co., General Partner
<br />of French Village Limited Partnership;
<br />or it's member manager James G. Rector
<br />or it's other member Robert R. Rector;
<br />or any 1�mited partners of the French
<br />Village Limited Partnership.
<br />Do not assume personal liability for
<br />payments. du.e under the note and mort-
<br />gage, or for the n;�yments to the re-
<br />serve for replacements, or for matters
<br />not under their control, provided that
<br />said Owners•shail remaiin liable under
<br />this Agreement only with respect to the
<br />matters hereinafter stated, namely:
<br />(a) for funds of property of the pro-
<br />ject coming into their hands which,
<br />by the provisions hereof, they are
<br />not entitled to retain; and
<br />(b) for their own acts and deeds or
<br />acts and deeds of others which they
<br />have authorized in violation of the
<br />provisions hereof.
<br />!_ (To be executed with formalities for
<br />recording a deed to real estate . )
<br />IZ(Ipltices 1`1 IA-2466 which may bn I.Knd unlil supply n xlr;ln5lnd Fagn fi of ti
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