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<br />200702329 <br /> <br />accordance with the terms of this Agreement until such time as the Secretary in <br />his discretion determines that the Owners are again in a position to operate the <br />pr~iect in accordance with terms of this Agreement and in compliance with the <br />requirements of the note and mortgage; <br /> <br />(d) Apply to any court, State or Federal, for specific performance oftllis Agreement, <br />for an injunction against any violation of this Agreement, for the appointment of <br />a receiver to take over and operate the project in accordance with the terms of the <br />Agreement, or for such other relief as may bc appropriate, since the injury to the <br />Secretary arising from a default under any of the terms of this Agreement would <br />be irreparable and the amount of damage would be difficult to ascertain. <br /> <br />15. As security for the payment due under this Agreement to the reserve fund for <br />replacement, and to secure the Secretary because of his liability under the endorsement of <br />the note for insurance, and as security for other obligations under this Agreement, the <br />Owners respectively assign, pledge and mortgage to the Secretary their rights to the rents, <br />profits, income and charges of whatsoever sort which they may receive or be entitle to <br />receive from the operation of the mortgaged property, subject, however to any <br />assignment of rents in the insured mortgage referred to herein. Until a default is declared <br />under this Agreement, however, permission is granted to Owners to collect and retain <br />under the provisions of this Agreements such rents, profit, income, and charges, but upon <br />default this permission is tenninated as to all rents due or collected thereafter. <br /> <br />16. As used in this Agreement the term: <br /> <br />(a) "Mortgage" includes "Deed of Trust", "Chattel Mortgage," "Security <br />Instrument," and any other security for the note identified herein and endorsed <br />for insurance or held by the Secretary: <br /> <br />(b) "Mortgagee" refers to the holder of the mortgage identified herein, its successors <br />and assigns; <br /> <br />(c) "Owners" refers to the persons named in the first paragraph hereof and <br />designated as "Owners, their Sllccessors, heirs and assigns"; <br /> <br />(d) "Mortgaged Property" includes all property, real, personal, or mixed, covered by <br />the mortgage or mortgages securing the note endorsed for insurance or held by <br />the Secretary; <br /> <br />(e) "Project" includes the mortgaged property and all its other assets of whatsoever <br />nature of wheresoever situate, used in or owned by the business conducted all <br />said mortgagcd property, which business is providing housing and other activities <br />as are incidental thereto; <br /> <br />(f) "Surplus Cash" (protit+motivated Owner) or "Residual Receipts" (nonprofit <br />Owner) means any cash remaining at the end of a semiannual and annual fiscal <br />period aner: <br /> <br />(1) the payment of: <br /> <br />(i) All sums due or ~urrently required to be paid under the terms of <br />any mortgage or note insured or held by the Secretary; <br />