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<br />- (b) .F�iseytapr�videdir+(d)b:lowMortgegcrwillmrkait+dwtlltnR tn) TeE_o�s�-.a�ton uYtho projtc� bdng eny �cdvr��esre�nry w ��"'.-,�.",
<br /> !�' �• �� • ,�rommnditio;unadatrvtcaav�ileblatvell�tblaoceupuu�tchRrga enfoneu►yrightaoPthoMortgogorgmwingoutaPchepro,�.etuperatlon, "' .,..,;,=:.��
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<br />-- -.. . est�blisheil in r:cordutcn with s scltalule to ba�ppmvod{n wctting by u�d oprtate tho project in�ccordnnco with the tcrm�of thi�Ageement ?,,,�_=--
<br /> l�Un. Si�ch rsxor*±rr.Rd^Nnn�sh��l�+t harcntcd for n Irr�ted Ir..e thrn nndl auch ilme a�MUD in itn discrcttondctcrm�ics that tho idong�gcr • � __ _
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<br />_=�' . • 30 d�yi rtor mora�hu�3 ye�rt. Commerct�fectlItka,it�ny,ehvl be L�gun in�posidon to operaee tha yroJxt in�ceasdtnce wlsh the tttmt �'.�_---- '_-
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<br />= � .. . rented onJy in�eordutco with R aclt:dule af chugea fixed by Uie otehi�AgreemcntandinwmpltonwwiththorequirementsoftheNote
<br /> Mottg�,gor Qr►d approved{n writing hy HUD. Subleuing uPdweiling snd Mortgago. �::� ,}r�:;��;{AY,�:
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<br /> 'r ' accommoduione orcommec�ial facilIdea ehall be prnnitte3 oniy upon r`:'►5�i S:,�q^`'r:---
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<br />'' ' • thetemu mndeondItiosssa vedb HUDir�writin . (b) Collect�llrent��ndchu esincrntnectionwiththeo ationoPthe ° �'���,� �
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<br /> • � . , " projectandusezuchcollection�top�ythaMortg�goteobligatton�undet :���;:i::, '-°,,
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<br /> ° . , (c) [lpon prior wriurn a avd b cho Secre ••e•`�.,•�-.
<br /> PP� Y �*Y.Mong�gor m�y this Agraement and under ina Noto wed Moqgwge,uid Qie uecrssyry � ,: ,t:,,s;a,.�.••;��-
<br /> • � charae wudreceiveCromany ten�ntsach emounts u Cnnmtimeto time eapenses of presaving the pmperry and o�axting the projxt. ���'=�-=_�'='-
<br />- � mayiximun:dlyagreedupon6etweenthatenuu�nd�hoMortg�gor[or �����
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<br /> � � ar,y fadIIttes end/ar savicea which may be fipcnished by the Mortgegor (c) Decluo tha wholo of satd indetrtednw Lnmedi�tely due and `"'� �.,
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<br /> ' oroshpa w such�mt upon hu re�ue,�t,in ndRfidon m the fno�ides and p�yable and then procecd with tha fo:eclosurn of tha mortgnga � . .,��"-�.• ;�;yp��..
<br />,_,�r aervicq incl►:ded in the�ppiuved rental schedula __ � ,.��;•
<br /> "A�������"
<br /> r� (d) Apply to any wurt.StaYe or Pedenl,for�pacifia perfamu►ce af �`-"''_
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<br /> (dj Tha Sc�,:,.t:.y cril!at my tfms cntcrt�n a�.ziurn requ�t for a ra�t shls.R��cten�for ms lnjur.ciIon egr�t eiey vio��da�oY��tie A�r_- �:�,.�—`_.__.--- -
<br /> r incmasa rl cu rudb suhstusdnan evidenxandwithinatca- men;tor 1he e intment of n receiverto taka over and o tn the ' `��.-=--L:LL,.--
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<br /> sonable tima shn11: pmpexty in aa;orda�ce with tho tenua ot thia Agr:emutt,or far sucii
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<br />'`�. (1) Approvea[enWschedulethuisnccessarytounnpensatofor oilterrelicf�amaybr.eppropriatc,sinc�stheinjiaytoHiJDaxisingftnm ,'`,�ss-_
<br /> any net incteue occurring since�he lut approved renul achedule,in adefault unckr�ny of the t�nu of thts Agreement would bo iinpuable �
<br /> . � ux�s(othattui►incomawcca)andoperrtingRndmaintmancecostover er►dthoamountofdam�ewouldbedif6cvlttoaseeruin. �`�'"""�+�:�•
<br /> • ° which Mortgagor ha+na etfocavo oonarol,a �=y"-�-'�"-�`�
<br /> � 16. (�) Morigegar tas execu�ed u►Agreemene w Bnter Snw on Auis�ance ;;'���'�=�^—
<br /> � (2) Deny tho incteue sutIng thnreuons thceFor. ConMCt Thetermsoftt►oAssisnnceContr�ct,whrneaavted,sh�llbo ."�. . �
<br /> • „ incorporaud by referrnca into►his Regul�sory Agreemrnt; �.,u:t��-
<br /> .. (ej The m�ximum rua�h4t may be cherged for occvpancy oF an '.,:.
<br /> • assistedimitsh�llbainaccorduncowiththeprovisionsoftheAssistancn (b) AvialadonoftheAsststaneeContrnctmayboconstruedmconsd- ��_;' ''•�_
<br />= �`nTLr...�esrii■rl�nct,�a�nteinn�rhrrntaehallhnmcrinina�rrttlanmwith nttradefaulthcrtunderinlhesolediSCteliAnOfH�: �'—•:- `�--k:? .-
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<br /> �he tem�s of th�Assistanca Contrac� „F y . -
<br /> ' (c) In tho event s�id Nssistanca Contract eacpires or terminates before '�,� �
<br /> • (fj Notl�ing contained in this Agreement shall be conswed m rclievc tha exp'vation or teimination of thie Agnemcnt,tho pro�isions oY thi� "��'� ,_
<br /> � tho Mortgtgor of sny obUgations under the Asststance Conhac� pnragruph cnd xs�7r otherreferencn w said Contrxc�ond w issisted units �'y
<br /> . containedherairnshallbestlf-cancellingandshallnolangcrbaetfective ' .t „
<br /> � 13. MortgagorarillwmplywiththepmvisionsofanyFedoral,Stateorlocil asofthednteoftheexpirationorte:minadonofiheAssistat;ceContract. ..
<br /> , ; Iawpcoh�bitingdiscriminutoninhousingonthegrotmdsoPr�ca,color, _
<br />_ creed,age,sex,handicap,fnmUid sutus or nat?cn�l origtn.including 17. As used in this Agrcement thc tcrtn: �.., �,,
<br />- , . . , , TideVIofthoCivilRighuActof1964(42U.S.G20UOd•1�theFatr (a) "Mortga�e"includes'Deedofl�rust","ChattelMortgnge"andany �'
<br />- - HousingAct(42U.S.C.360Y),Section5�14oftheRehebiliutionActoF othersectuityFortheNowidendficdherein; � ,�G,
<br />: 1973(29U.S.C.794�,AgeD'ucruninationActof1975(42U.S.C.6101) ; ;���.�
<br /> .. , ... and�cecutivo Order 11063 (27 F.R. 11527), and all reqttirements (b) "Mottgagee"referstotheholderofihemortgageidentitiedherein, M ,j: '
<br /> fr
<br /> „ • imposedbyorpursumttothocegulaaonsoftheDcputmentofHousing itssucassorsnndaSSigns; ,,• .-��n�,:°'- -
<br /> ' and Urban Development(1a CFR)i.,sued pursuant to Title VI,the Fair ''"' i �!!�@ Q
<br />- Housing Act,the 1:ehabUitation Act,[he Ago Discrintinndon Act or Ex• (c) "Atortgagec4 Ptioperty"includes preperty,real,per�onnl.or mixed, '+';�� '�� "
<br /> �',';� ecutive Order 11063. co�cred by the mortgagc or mortgnges sceuring tho note hcld by HUD;
<br /> ,,�.,. .
<br /> •' ���1.';.:'_�_� 14. 1�io litigition seeking the recovery of a sum in excess of S5,0U0 nor any (d) "Project"includes the mortgnged properry en�l aU itss otherassets or l 5_°'.�-�
<br /> •• � actian for spocific performa��co or othu equitable relieF sliull be insri- whatsoever situste,used ino�ownedby tho businessconductedon sa:d � • �%_�
<br /> tutal nor shall en claim for a sum in cxoess of 35,000 bc sctdal or mort ed ro i °j� '
<br /> t , Y Bo8 P P�l'�Y: ,.. �y _-
<br /> ��� �, compcomisedbythaMortgagorunlesspriorwrittenconsrntthcretohes ���
<br /> -� �. been obtained fmm HUD. Such cansent mny ba subjxt w such tenns (o) "Distribution'means nny withdrnwal or raking of cash or other �~' +� •�
<br /> • ' nndoondidonsosHUDmayprescribe. nssusofthcprojec[o�herthanformar.gegcpaymcntsorfarpayrnento[ `�� "'
<br />: • r..nsonablc eapenses incidcnt to ics conswction,operation rnd mninta � '�
<br />_ . 15. CJpon a violaaon�f eny of tho nbove pcovision5 of this Agrccmcnt by nanco; � _ rj
<br /> ���;ti.;.�� Mortgegor,HUD m�y give written noticc,theroo£,to Mortgegor,try !
<br /> -� tegistered or catificd mail, addresscd tn�he oddress stntcd in¢his (� "Default"meansadefaultdeclnrodbyEiUDwhennviolationofthis � ;�
<br /> ! .. Ageemrnt,arsuch o�her eddress u may subsequcndy,upon appropri• Agreemer►t is not cormcted to its saasfciction within the time ellowed by ; �• � '�
<br /> • ntc writtcn notice thawf to HUD�bedavignated by dtc Mongogor as its tEiis Agicemcnt or suctt fiuthcr timc�rs may bc nllowed by HUD aftcr j
<br /> . � Iegnl Ewincss addness.If such violation is not cotrectal to thc sntisfac• written noticc: � � � .�;
<br /> .. tionaf HUD within 30days nRerthedncesuch noticc is mailedorwithin
<br /> , such Curthet timo as HUD detem►ines is necessary to cornet tho viola•
<br /> ' don,without furthcr noricc EIUD mny dcclarc a Default under this , '
<br /> Agrecmcntcffcaivaonthodatcofsuchdccluationofdcfaultandupon ; t
<br /> ' such datault HUD ntny: , �
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