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<br /> � '�� _ A��df�� � � - � _ ' �
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<br /> ,: ��`` ; . . _ iesidualreceiptsrealiz�df�o�►lheopeaationofWemort- Year. 'Ilie amount of tAe segregated. iat� . � . ,��.
<br /> .�-�- -_ - , gaB�ProF�Y shall be deposited iaa sep^�:..se ieslduul account m�intained by the Mart�agm must ati� ` ,�.�w'�`. ..
<br /> equal ehcwtalamourucoUected fmm the families�.
<br /> :;.� .. - - - �eceiptS accour►E� Resdnat r�ipts s'hall b�ander thc ��y pIus any s�eciued interest and Iess ailowu�. ° . ° _ .
<br /> ' . � - coiwcof of HUD�td shall be disbutsed only at the discoe- 8�istr�tive cost adjvstmcats. 'Iite Mortg�us mnst•. . .._,
<br /> ` . , . , � tion of HUD for suc6 p�upose as it rnay detc�mina to be �Dly aideanyapplicabieStaneattdto�iliawscanoem• � •.-�:,, '"
<br /> _ � • n�y►°r appmpnare. [�g t�oeiast p�►►yments on se�ority dtposits� � `_. . ,`
<br /> ' ' . � b. Therealpmp�tycovetedbyYheMortga�eaudthi5Agreemetlt <'.,'r b"', -
<br /> � TBeMartgagor.S4bjeC[tOStalCandl�ilLlw.I�ayUSElhe �„ �.'�`•.
<br /> . ' � _ is descn'6e�in Schedule A auacned flereto_ - ��y�s scocarity deposit 6a4�ce�s reimbut5anent far ,.. _
<br /> ' • � 1. Mortgagor shall nbt wiihout the writtea appmvaa of the aay�mpaidfamitYcantri6utionaroiheramqtmtwI�lchUic
<br /> . � . g��y. ' fam�y owes under th�fease ia ascorduue with tIte ��
<br /> . ReBuiatians . —
<br />_ . (a) Transfer.disPose of or eacaunbar any of the mortgaged , � .
<br />-�:.� �� ;.. .
<br /> . .._.:._ .. �, --- ----._...Pro�rtl!-..My such�sha}!6e on1_to a --- .-°t.-- (S3 P�mit ttKZ use of the dweitiug aQCOmutadations of ihc
<br /> - --—
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<br /> . , ` pessons or c�poration�uisfacWry to and agpmved by - ... - �---�D�3�ror any-puipase eaicept�tli�use wtuci��vas ongi• —
<br /> . � , � HUD,whoshali,bylegalaucdvaliQinson�mentinwriting, na]Iyintead$d.atpermitoomme�i�lusegreuterthantha! _
<br />-.�. .: .' to 6e cecorded or filed in the same iecording o�ce in o:igtnallY IIPAroved by HUD. .
<br /> .. .. . wfuch conveyanves of ths PmPc�tY cove�ed by the Mort @� Amcied icsanictes of incorpaiation or by-taws athetthan
<br /> � � gageaiezequuedrobefiIedorrecas�ded,dulyassomeall �p�t�����tem�sofJ�sutictesofjncarpotatlon �
<br /> , obligatIon�uredesUusAgeementandtmdcrlheNateand ��vedbyHUD.
<br /> . � . Mongage: E- y
<br /> ��_� ,:,_
<br /> 8. MoTt�agarshalimaintaiathemortgagedpranises.accanautto- ���
<br /> . ' � . @) Assign.transfer,dis�pose o�or eneambar any peasonal dationsandWegrouQCdsarcdeq�pmentu�thereto,in ,�
<br /> '-; � . prn�rty,incIudingreatsorc�arg�s.andsltaUrtfltdisbu�se ��•.--
<br /> � „ . � • or pay out any funds exoeptasgmvided herein�nd in the gaad aad sabstanti�al repair and condidan:Ptuvided tbat.in ,��
<br /> � � Capital Advance Ag��enaent tlze event all orany of tlie bu�7dings coveced b�tdte Martgage t�u
<br />�:�'� . � sfiaU be destroyed ar daneaged by&�e or othst astralry.thc ���i -:�.
<br />- (c) Remadel.reconsuac�addto,osdemolishanypartoft�e money derived fmm any ins�amx on thepmperty.s6all be �-�—_
<br /> . .
<br /> -` '.�------, ...-.. - _
<br /> ' mortgaged gmp�ty orsvbtract fmm any�eal oTP��� apphed in accondance wit1�the terms of the M�tgag� - .���_a
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<br /> � . ,lKi"• -:
<br /> s-� � . � ,� �°p�r oF�ne�r°iec� 9 �sa�j�t not rae eny penuan m eanr�upccy�;��- .s ' �-
<br /> d . , ��_—
<br /> � (cn Payanycainpe�atioaormalceanydistn'butionofisccoma vency.arforareceiver.orforteorg�ni�anorc�►positias�. Y:;�:.z_ _.
<br /> . � - orother�ssetstoanyofit�aff'uels.daectnrsorstockhold- ar mai�e aay as4gnment fer the benef t aE�rediwts or w a _ , ,���.
<br /> .. � wsteafurc�ediWrmpennitan3djudit�tionintxutlQUyt�y. � '_f
<br /> :,��,' � orinsulveacy.�2ce�cingpos�essianofthemortgagedPioP�Y
<br /> ..:, . . , (e) Fnur into any c�nts�ct or con�cGS for supervisary or ��YBartQcereof 6y�teceivet.ortheseaa�esu�sateoftEc
<br /> _ '. . m� scrvice� ' f "' J
<br /> , � mongagedpropenyaranypartthenao lmder�dceralRroce� --
<br />- ` . . ;_ .. t� �4�asacaRdi@�nofacxupancyorteasiagafanyunit az�twanypoweroFsaleaicdfa�tohavesuchadverse �
<br /> � -. or n�dendal spaco in the Drnject.any consideration or actions s�t aside aithin 45 days. . '.�r•°°-�__
<br /> . � � . depositothcr thanasectmitydepasiti�an�mountequat ' 10 M�tgagorshallfromfuntisothcrthanproJectirccomeimme- , - -
<br /> :-�i . ' toonemonth'statalte�.v►t entos$SO wJdckeveris • otanyotherlien �� • "
<br /> . �Ym • diateJysalis�yorreteaseanymechanic siien.
<br /> . ' Sreater.'IhefanWyiseapectedtop�ythesccuritydepasit whichattachestothemon&'►S�PmP�YQranYD�DroF� ..•� -
<br />�.�. . ., � fmm its ovm re�urces and other availabie public ot �y�d'u�the operaiion of the Fmlcxt.and sl�ali d�aniss or �:.�_"
<br /> _ �.' ' privateresour�es.'iheMortgagarmaycollectthesecurity have disnisscd or vacated any receivership.or peritIon in ' . , i
<br />_'',�: :; . �. ' . � deposit oa an instalIment basis. p�ntc:tiptcy or assignment for benefit of ccedimtr.cte4itars . � s
<br /> Y ,• . • 7he sec�uity de�osit�must be pJaced in a segieg,ased bill or in�olvency pmc�ding involving tbe pro1ect or ihe . . ���.''�+
<br /> a ' � ' itetemst-be�tingaoeouiu.AteCOtdshBllbem��ta�nedof m�gaB�P�PQn3►• . � �
<br /> i.,�. .
<br /> r.', .� ` � . the amount in tAis ac�unt�hat is attri6atable to each �l. (a) If tI�Mortgagor Pu�or comes to have any nonpmject '
<br /> ;:`; ' � , family in residenc� in the project. Annually for all � ��
<br /> f a m i l ies,a n d w h e n c o m ti n t h��o u n t a v a i l a b i e f o r ����cameandutherfundsofthemart�agedprojcct
<br />_ ��� �' � 8 � shzll De se�cegated[romany suchfimds of the Mortgagor . . :;.�
<br /> � � : - � dishius�nen�iheMo=tgagorshallalIacatetvthefamity's andsegregatetlfromanyfun+dsofa�yoth�colpor�tions I �
<br /> -.� . UaLv►ce,the int�est acaued an the balance during the ar persons. Incom� and other fi�ds pledged ro the
<br /> :2�: ; . year. Uniess proIubited �y State or Iocal law, ����p�iectshallbeexpendedanlyforthepurposes � • '" �
<br /> -.� . � . . thcMortgagorr�,�s�i�oiQiefamily,fmmthet[cc�rued of the project � ' , r''��'.
<br /> � . interestfurthey�r.thead�ninistrativecascofcarapnting ' ' :'�
<br /> _ � � � theallocatiohtothefam�y'sbaIan�'Thcamoimt�fthe (6).Mortg�gor sha11 provide fas tTiee man�gement of the i .- :
<br /> . . • . adinin9strative cast siddjusmieni shall a+ot eaeced the ac- Pmject satisfaetory to HUD Any maazgement canrraci .-
<br /> • • � cnced interest alla�ued m the famiJy's 6atance for the enm�ed into by the Mortp,�gor involving the psolect shall i . ::j
<br /> a ue �: .
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