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<br />200605640 <br /> <br />2 <br />D. Pursuant to the terms of the Regulatory Agreement, the Owner and each of its <br />successors, heirs or assigns are bound by the terms of the Regulatory Agreement so long as the <br />Contract ofInsurance remains in effect. <br /> <br />E. As of the date hereof, the entire indebtedness secured by the Mortgage and evidenced by <br />the Note has been paid by or on behalf of the Owner to the Mortgagee, and the Mortgage and the <br />Note have been released and satisfied, respectively, causing the Contract of Insurance to be of no <br />further force or effect. Therefore, the Owner has requested that the Secretary release the Property <br />from the lien of the Regulatory Agreement and release the Owner from the obligations set forth <br />therein. <br /> <br />NOW, THEREFORE, for and in consideration of the termination of the Section ??1 (ci)(4) <br />mortgage insurance and other good and valuable consideration, the adequacy and receipt of which <br />are hereby acknowledged, HUD does hereby release the Regulatory Agreement filed for record in <br />Recorder's Office, Hall County, in effect with respect to FHA Project No. 103-35073 and does <br />hereby agree that the Owner, its successors and assigns are released from all obligations set forth in <br />the Regulatory Agreement, which are based on facts or circumstances occurring after the date of <br />this Release; provided however that nothing herein shall constitute a release or waiver of any claims <br />or causes of action, known or unknown that the Secretary may have against the Owner or any other <br />person or entity for violations of the Regulatory Agreement which took place prior to the execution <br />ofthis document. <br /> <br />Release of Reg Agreement Rev 12-15-04 <br />