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<br />r <br /> <br />I <br />I <br />[ <br />L <br />I <br />l <br />ir <br /> <br />':"5- <br /> <br />(g) <br /> <br />"Residual Receipts" means any cash remaining aftera8- <br />(1) The payment of:. , <br />(i) All sums due or currently required to be paid under the terms of my <br />mongage or note held by the Secretary of Housing and Urban Development; <br />(ii) All amounts required to be deposited in the .eserve fund for rc:placemenu; <br />(ill) All obligations of the project other than the mortgage held by HUD unIon <br />funds for payment are set aside or deferment of payment has been approved <br />by HUDj and <br /> <br />(2) The segregation of: <br />(i) An amount equal to the aggregate of all special funds required to be <br />maintained by the project; <br />(ii) All tenant security deposits held, <br /> <br />"Section 8 Uniu" refers to units assisted under Section a of the l,Jnited States Housing <br />Act of 1937 pursuant to a Housing Assistance Paymems Conuact~ <br /> <br />"Housing Assistance Piyments Contract" refers to a written contract between the <br />Mortgzgor and HUO, or the Mortgagor and a Public HQusing Agen!;y, or the Mortgagor <br />and a Housing Fin~ce Agency for the "purpose or providing hous~ assiatanee paymenn <br />to the Mortgagor on behalf of eligible f~~!~~ i1~er Section 8 of the United States <br /> <br />Housing Act of 1937. <br /> <br />101515 <br /> <br />(h) <br /> <br />(i) <br /> <br />(18) HOD shall not be liable for any of its actions hereunder except for flagrane misfeasance. <br /> <br />(19) Thi,s instrument shall bind, a.nd the benefits shall inure to, the respective parties hereto, <br />their legal representatives, executors, administrators, successors in office or ineerese, and <br />a.ssigns, and an owners o.f the mortgaged property. so long as the loan is ouutanding. <br /> <br />(2P) The invalidity of any clause, part or provision of thiS Agreement shall not affect the validit}, of <br />the remaining portions thereof, . ' <br /> <br />(21) Mortgagor warrantS that it hu not, and wiU not. execute any other agreement with provisions <br />contradictory of, or in opposition to, the provisiens hereof, and that, in any event, the ce. <br />41Wremenu of ehb Agreement are paramount and controlling u to the fishts and obUptions <br />. set forth and supersede any other requirements in conflict therewith, <br /> <br />/ <br /> <br />s.cr.,.". 0/ HOllli'V.,,1I Ur6cm IhwloptfNflt <br /> <br />lly: <br /> <br /> <br />(SEAL) <br /> <br />A 1TEST: <br /> <br />C?-:-j, 0;- c..:> -1<.. It' Q <br />Ass is tan tfStc;e &GryJ Orvil R. Kirby "---~ <br /> <br />Nam. oj Morwof GREA'mR NEBRASKA <br />I~ aCUSING. INC. <br />l' '. '\~"'~" <br />...),.;~. ~., ,'., >., <br />'. .. tI'I,.. ',,,. . <br />'''!f *1 ....f. ~". <br />!,.-~.u.....,-_.. {--tc~:.~. <br /> <br /> <br />- us OOV[I'oHWiNT PAINTINQ Of~>C!, \'11.'-.01.'-1" <br />