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<br /> .,,�Y.- .'� , � . . . . _ _--_:._.___
<br /> _ - -:Y � "`� �= under aay mortgage �ecur�d by the pro�ect. , _- -
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<br /> - i��:t��- _`,�-�- , � � .. . , --
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<br /> .r� _� .. : t2) Th� �aaaer.�h�3�. a3�tairrtr a pY��ica1 �sg��eion � _�-_
<br /> -��`= .', ` .` ..�, � • regort �ach y�ar �s�sn a aert�f�ed a�c?�itect. eng�esr, — -
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<br /> ,, � '. ,, ar o�hes party �a�v�e qiiali�iCatfon� �ave beea a�pzoved � --
<br /> ,, .._ � ��. � hy t�e �eer��ary. Tne Owaer shall keep � 3�xegect�fon _ _ - — ._
<br /> ,� �-,t.._ .r��.� - repor� in the �roi ea� reaorde for�at l.east tY�e� ysass. • _
<br /> :���;.'_�'':;t �--:� _--. � .Prior to di.etribution of eutrplua ca��, the O�aaer ua�sG
<br /> ;,;���=�_:'�"::"�.��,�; � .certify to the 9eare�tary Chat the Projeat a�eete the '
<br /> '�<=�°.:� , .. � , requir�n�nts o� Pa=agrap$ 7 og thia Agr�e��nt an� tl�t .
<br /> ��:+��' �:�_.�:�:�}-
<br /> -_��=.:���.:,��� any deficieaciea I�ao�a to the O�ner are be�ag
<br />`��.:.� �•�� corrected. � � � �
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<br /> -:�' .. ' . . . . .. i-'� _ � , _
<br /> i'IS i 1 ' ' ' .
<br /> . , ii. 8,esesve.Sor steplaeemeats aa� 8mead�nat og �agulato�ey . . .
<br /> � ��. ,�� �� � � �greemeat. Paragraph 2Ia) of the Regula�ozy Agreement ie�amended
<br /> _��^'�:": ._-:;2�_ �i, ..��'` . by adding the foiloming language to t$e end thereof: � . � .
<br /> � ..� �: . . .
<br /> ,�,,�,.• . . . . .
<br /> : :;:;:: :`,�:� • The Secretary ,wili not approve the�re�eaee of �funds _
<br /> `� from the lt,eaezve for ltepZace�uente accou�ic if daing so
<br />;;:.,,. .
<br /> � � � !: < , .
<br /> • � � . vPauld reduce the balance belo� an. amount equ�valeat to� : .
<br /> --' . �-. �'. �' oae month�e neaici�»►+ gro�e rent poteatial,, except in .Y
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<br /> ,;;-;�� .- _.. . -J em��..aci�s euch aa na.�ural ci�.sa�ters requixing . ----,- ---- — ---
<br /> ��"��' '� ���• ia��aate sepaire or to avoid a default oa the mortgage �
<br /> •��,,���� . ��3_ .
<br /> .`�`,; insured by the Ca�i.ssioner.
<br /> . , ,5�'� . . - .
<br /> ' .,���<��:, . Sffiaie��Ses. An net ' �r,�:��
<br /> �. ,,;r.,- 12. . ���age Due to �3aaagomeat Y ---- '�
<br /> � • �' � ' • eav3ngs �ro� ieductions in operatfng expen�ee due to manageanenic '�4` - "
<br /> �-
<br /> " � � � efficiencieo ahall be depas�ted inta the Reaerve for Repiacements �. ��`-`
<br /> • ,u r,
<br />- � � '. Account. T2r� O�vaer may have accesa to these funds on a � �.` :�;�,;•_:
<br />�y =t.:;?,,: � .
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