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200605646 (g) "Rcsidual Receipts" ( limited distribution mortgagor) means any cash remaining at thc cnd of a semiannual or annual fiscal period after deducting from surplus cash the amount of distributions as that term is defined below and as limited by Paragraph 8 (e) hereof; (h) "Distribution" means any withdrawal or taking of cash or any assets of the project, including the segregation of cash or assets for subsequent withdrawal within the limitations of Paragraph 8 (e) hereof, and excluding payment for reasonable expenses incident to the operation and maintenancc of the project. (i) "Default" means a default declarcd by the Secretary when a violation of this Agreement is not correct to the satisfaction of the Secretary within the time allowed by this Agreement or such furthcr time as may be allowed by the Secretary after written notice; U) "Section 8 units" refers to units assisted under Section 8 of the United States Housing Act of 1937 pursuant to a Housing Assistance Payments Contract. (k) "Housing Assistance Payments Contract" refers to a written contract between the Owner and HUD, or the Owner and a Public Housing Agency, or the Owner and a Housing Finance Agency for the purpose of providing housing assistance payments to the Owner on behalf of eligible families under Section 8 of the United States Housing Act of 1937. (I) "Displaced persons or families" shall means a family or families, or a person, displaced from an urban renewal area, or as a result of a major disaster, as determined by the Presidcnt pursuant to the Disastcr Rclief Act of 1970. (m) "Elderly pcrsons" mcans any person, married or single, who is sixty-two years ofagc or ovcr. 17. This instrument shall bind, and the benefits shall insure to, the respective Owners, their heirs, legal representative executors, administrators, successors in office or interest, and assigns, and to the Secretary and successors of the Secretary so long as the contract of mortgage insurance continues in effect, and during such further time as the Secretary shall be the owner, holdcr or reinsurer of the mortgage, or obligated to reinsure the mortgage. 18. Owners warrant that they have not, and will not, executc any othcr agreement with provisions contradictory to, or in opposition to, the provisions hereof, and that, in any event, the requirements of this Agreement are paramount and controlling as to the rights and obligations set forth and superseded any other requirements in conflict therewith. 19. The invalidity or any clausc, part or provision of this Agreement shall not affect the validity ofthc rcmaining portions thereof. 20. The following Owners: HOLlDA Y GARDEN TOWNHOUSES, A LIMITED PARTNERSHIP, its gencral and limited partners do not assume personal liability for payments due under the note and mortgage, or for the payments to the reserve for replacements, or for matters not under their control, provided that said Owners shall remain liable under this Agreement only with respect to the matters hereinafter state namely: (a) for funds or property of the project coming into their hands which, by the provisions hereof, they are not entitle to retain; and (b) for their own acts and deeds or acts and deeds of others which they have authorized in violation of the provisions hereof. IN WITNESS WHEREOF, the parties hereto have set their hands and seals on the date first hereinabove written. See Rider attached hereto and made a part hereof. 6