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<br /> (t� Rec�uire nn s condidon of occupancy or Ieas�of eny unit in � (d) Tho mo�igageA{�xoperty,equl�rtnent,buid!ngs,plsneno tificef,ae• , `'�
<br /> , project,any cansid�ktidtt or JCposM ozhcr ih�n the prepayment oP the viec�,buoYi.appuatui�wnaectn�records.documcnu,ui�f a11 oiher ; _ �,.��,,,��_�
<br /> , fintmonth'srrnt(thagxos�fnmilyconrribudonln�sst�tedunIts)plu+a papen relatIng diaetoshell�t ell times b�maintalned in ieasonibia ___
<br /> ° aeciuirydepositinen�snountnotinexa;ssoPar:arnandi'cr�nt,or.�'.,SO cer.di��nforprop-rr+�ditrrtdsubJeetroer.�mim�'*onu�di�.�^rr'anr.t � �. _ _
<br />-� whtchever is geata,to guuanue the perfortnanca of ihe covaiuus af uryce�onablatimeby6ND end its duly�uthoritr.d q�enu.Morig�gor , �-�
<br /> thelease.Anyfun�collatcdassec�uitydeposii�ahallbekeptseparato �IldtlS6lICCeS5OI4,LSSI$MOflL988CRt45I10IIiCtYiflCOpiC40ftIlWtItICT1 ' , ''_,'�rJa_
<br /> andepu:&nmalloU�ertundsoftheprojectinttnut�ecounttheunount wntrnct+aotherinst:umenLVwhIcheffectthornortgagedpro{xsrty,all ,—
<br /> '' ,� ofehichshallatalldmesequalorexceedtltaeggmgatnofaUou�sund- ornrryofwhichm�ybasubJoc[to(nspecdon�ndeauat►in�QanbyliUD .
<br /> ' . �, ing obligadons�uada said ascount; or its duly authoriud tgemts. ° ••-"' ��.:
<br /> • � •`
<br /> (g) Pecrnit the usa of the dwelling acoommodations of Ihe pmjcet for (e) '[�o bool�v and sacounU of the operadons of the mortgaged pmp- �•�_
<br /> anypuiposeexccptihousawrtichwasonainallyintended,orPetsn[i ertyutdutthe�rmjectshellbelceptinaccorduncewith�thetequlramenta , '-
<br /> commercial ttso gseeter thnn thnt origitully epptovcd by HU� of HUD. ti"�,
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<br /> � (h) AmrnditsaticlesofincorpondonorbydawsothatYuna�pacrtit- (� Withai60dsy�folbwing[hecndofetchfucalyarHUDshaUtro
<br /> ., v�wzderthetanvofthearticle�ofincorpontianeppcovalbyHLJD. ZUmid►edwithacompietou►nualfuuncialceponbucduponu�eamu- ' �� �
<br /> auion of the boo3cs au►d recads of Mortg�ga prepued in�ceatd+nce _,�`. ; ?'
<br /> � 8. 7viottgagor alull maintain tho mortgagcd�ncmisa.aoaonunixlulo;ts wiihtiwr:�ui,-�citsr,fHUD,c.,-rt[ficdtob:YnaFf�c„^zoft�alia:tg:gcr , . .:' '.�'
<br /> and the grounds �►d equipmant appiutex�ent theruo, in good a�d a n d.w t u n r e q u i t e d b y H U D�IxeP a�d a n d o e s t i f i e d bya Cati 6 e d P u b lic _- �--�
<br /> su�.atandalmpatrandoondidonPROVIDEDTHAT.inthoeventailor Acooimgnt.arotherpusonacceptabletoHUD. �ti;�t-,•:�`�
<br /> any of tY.e builii.z;s=overcd by the mote�aga shall be daerryal or ,� _ �
<br /> damagedlryfimorothucasualty,themoncydcrived6rom�yinsuramce (g) At the requestof HUU.its agmL.employon,or utomey�,the �:r,:r, • '.�
<br /> on thc property shell ba upplied in nccordance wi[h thn temis of the Mortgagorshallgivespeci6cunswetstoquestionsuponwhichinfoqna- ���
<br /> 6onis d¢siredfmm timeto timerelativo to thQ insome.assets.11abilides, '�_�-
<br /> .. mongage. ,
<br /> canuacts,opo�atian.end condition of thc progrrty and thc sutus oPtho '�=-
<br /> , 9. MortgagorshallnotGleunypetidoninbanlauptcyorinsolvency,orfor MortgagetndutyotherinformaaonwithtespecttolheMortgigotorthe i•�c`� ��r
<br /> �, arcceiver,orforr�eorganiuuionorcomposition.armakeeny�ssigrunent mortgagaipmpe.rtyandofthaprojectwhtchmeybenquested. g-��'�`'� �
<br /> � for the bencfit of acdiwis or to a trustee for creditors;or penntt m ,;._ G�'�,—
<br /> adjudication in bank:upr�y,or insolvency,the taking p�ssession of tho cny All rocei�ts af�he projxt shc�ll be deposi�ed in�ho name of tho ;, �;'��
<br /> - _.- ----_--- Ai�ti iv a vi w� :.�'i..,w:�' �.,..... ^'L�:L r.:�W..� ' •:n.F.+�Y�wis.�.c�flar+ndtu urw innirra hv�hA FI7j(`.CaVin�a Ac- 'i..:�,i __ -_
<br /> K°2S�!' Y''�'7 7Y°`. ..�o"..:'H... j.;:`�...._.. .. __r__._ • ...., -�--..•; ��" -.
<br /> �seleofthemong�gedNmpwtyorenypartthueofimderjudicldproeess socittionL�u�ncaFurd,ortheNationalCr�itUnionSharalnsivanco 1k'
<br /> orpurauanttoanypowerofsaleandfailmhavesuchadversaQaionaset Fimd. Such fimd�sh�11 he wittedrawr►only in accordmcewidithe � „-
<br /> aside wiil�ir►45 day�. 1movisions of this�grament 4'or¢xpenxs of the project Any person �•, ..� ..
<br /> � roceivingfuzxlsoflhapro}ectshallimmedintelydepositsuchfwidsintha • +
<br /> 10. Mortgagnr shell from funds othcr than proJxt lnwma irtvnedlntcly proJectbank aocoimt and ittiling so to do inviolationof this Agreement
<br /> satisfyormleaseanymechanic'slien,atuchmrn4judgementlien,orany shall hold avch fimds in dwt Any petson rudving propcny of the , � ' '
<br /> other lirn which uucIus w the matgigul pmpety or ury persontl pcojut in violaaon of this Agrumrnt shall immediat�ly deliver wch , ,,�
<br /> pmpFtty uaed In tho operadon of tho projxt,snd ahall dismiss or have pmpertyr to the project uxi fniling so to do shnll liold such pmperty in . „ .i
<br /> dismissAd or vacated any r�eceivership,or pedtion in 6an�Cniptcy or tiusr. •; ,r^
<br /> • �sig!unentforbenefitofaodiwrs,croditorsbillorinsolvencyprocced- r � : ��
<br /> ing invoiving tho project or the mortgeged property. (i) Mortgngor shall atall times,if required by ihe lnws of tho jurisdic- I •' ' �
<br /> . tio�ma6mtnIttinfullforceendeffectulicensetooperntethepmject@om i � �• �
<br /> 11. (a) If the Mortgagor hu or comes m have nny nonproject funds.�l ilte suta and/or other licensing aathoriry. Mortgagor shall lease any I "
<br /> income artd other furtds of t�he mortgaged project shall be aegcegated portion of the project only on terms nppmved by HUD. '��—a��
<br /> � fromanysuchfundsoftheMortgagorandsegregatedtromenyfimdsof , ; "
<br /> any other corporalions or persons. Income and other tunds pledged to (j) Miongegor shall not collcct from tenonts oroccupanu orproapec- _
<br /> ' �• tha mortgeged project shtll be expended only for the pwposes oF the tivetenents oroocupan�aof the project nny udmissIon fec,foundeis fee, ��:,�•��`'' �:�,'.
<br /> projcu. lifecaze fee,or similar payment pursuant so any agreement,orul or i �r�is
<br /> writta�.whereby the Ma-13a,�,or agrces to funtish acoommodations or ; , � y
<br /> „ (b) Martg�gotshnllpravidcforthomanegemrntoftheprojectsarisfac- savicesiathcpmjtcttopersonsmulcingsuchpaymenrs. l�"�;. •� �r :�'
<br /> " torytnHUi?.Anym�mgementcontructenteredintobythoMongegor �; �' 'k':
<br /> involving tho project sh�ll contain n provision ehu it xhill bc subject to (r) No oFfica.d'uxmr,trustce,member,stockholder nor nuthoria�d �:�;' •U,,, �, . j
<br /> � temtinaCon,without penalry ond with ot withc�ut cauu,upon wriucn represaitafive of the Mort�ngar shall have any financial intcrest in any I ° u ,;
<br /> �"�� � cequ�stbyNUDtddressodto�heMongegorendthem�nagcmenttgent. conimctual naanganent entc;ed into by the Mong�gorin connocHon �•
<br /> UponreceiptofsuchroquoetthoMortg+gorahallirtunedietetymove�n withrenditionof:avices.9htpravisionofgooclsorsupplies,manage- � :�
<br /> ' teTmin�totl;econ[nctwithinaperiodofnaS moretl�vi60daysendsholl meauof the projed.procuranent of fumishin�s arnl equipmatt,con- � ,
<br /> �
<br /> ' " � makeerranEcmrnusstisfectory[oHUDlbreorstinuingpropermenegc- euuctionoftheproject,procummentofthesiteorothermattenwhatso- , �
<br /> , mcnt oF tho projocc cvcr. � •
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<br /> (c) Ncither Mongagor nor its agents ahall�Trak,�,any nayments tor 12. (o) Mortgagorwilllimitpublicoxupancyofthcpcojcettoelderly,and i ,�
<br /> setviccs,suppDics ormaterialsunlesssuchscrvicesnreaetuallyrendercd hnndicapped famiirs and individuals os defined in Section 202 of the
<br /> for the project or sucA supplies or muterials ere delivered to the project Housing Act of 1959 end applir.able HUD Reguta4ons. Tlio criteria
<br /> � nnd �re rcasatlably nccessary f^r its operauon. PaNncnu for such govertunII eligibility ottenancs[or admission to:�ssistai units nnd the
<br /> servicesarmnterialsshallnotexceedthna�rtountordinarilypaidCotsuch canditions of continued aecupancy shall be in acoordnnce�vith the � :
<br /> -, scrvices,suppliesormntcrinlsinthenreawheretheservicesurereadrnd AssistanceContrac� i
<br /> � or the supplics or matcrials fum�shcd. .
<br /> r` 0...��..�I In.rn N�IILG'ldCGC41 .
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