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I - 5 - 84 -- 005482 (d) "Owners IJ refers to the persons named in the first paragraph hE"reof and desi~nated as Ownds, their successors Clnd assigns~ (e) IIMortgaged Property" in{'llldp~ ~!! rropP!'tv. n:O;Jl!. p~T~/)m-l!. I)!" mi~..:"d c~l':"erl:';j bv thf' !!!0rt!!a~-e 0!' ~-o!'!f!a~e-s securing the nute endorsed for insurance or heid by the Commissioner, HProjcct~' mciudes the mvitg.aged property and <.iii i.i:s. other .,.S5ets of whatSl...Jt.....et naii.He (11 Whefes.Oevef situate, used in or owned by the business conducted on said mortgaged property. which business is providing housing and other such activities as are incidental thereto; (1) tJ..~ .........,-..,...,. ....,.t. ......... i-""'..'i .u.....~ .....~. (g) uSurpJ.JS Cash" means any cash remaining after: (i) All sums due or currently required to be paid under the terms of any mortgage or note insured or held by the Federal Housing Commissioner; (ii) All amounts required to be deposited In the reserve fund for replacements; (iii) AU obligations of the project other than the insured mortgage unless funds for payment"are~set'~astdEf' or defermenl of payment has been approved by the CommIssioner; and (2) the segregation of: (i) An amount equal to the aggregate of all special funds required to be maintained by the :)foject; (iil All tenant security deposIts held; (h) "F<esidual ReceIpts" means any cash remaimng at the end of a semiannuai or annual fiscal period after deducting from surplus cash the amount of all distributions as that term is defined below and as limited by Paragraph 6(e) hereof; (i) "Family" means (1) two or more persons related by blood, marriage, or operation of law who occupy the same unit; (2) a handicapped person who has a physical impairment which IS expected to be of long continued and in- definite dwation, SUDsi.antiaily impedes his abUity (0 live independently, and is of such a nature that his ability could be improved by more suileble housing conditions; (3) a single person, 62 years of age or older; or (4) a single person less than 62 years of a~e provided that occupancy by such pers.ons is limited to 10% ot the dwe!!i.'1@,-uai.ts in the project, unless the occupants receive rent supplement benefits pursuant to a rent supplement contract in which instance the 10 percent limitation shell not be applicable; (j) "Distribution" meanS any withdrawal or taking 01 cash or any assets of the projecl, including the segregation of cash or assets for subsequent withdrawal within the limitations of Peragraph 6(e) hereof, and excluding pay- ment for reasonable expenses incident to the operation and maintenance of the project; Ov n !ncnee" ~e9!lS th~ s:~ss ennual i::~me of the fem.i.!y from ~ll SCI.:rCCS before taxes and withholdii'iL aCtei giving eft""t to exclusions allowed by the Commissioner; (1) uDefaultH means a default deda_u~d by the Commissioner when 8 violation of this Agreement is not corrected tQ his sal1sfactiQn WIthin the tIme allowed by thIS Agreement or such further time as may be allowed by the Commissioner after wrHten notice. 14, Ttus !nstrument shall bind, and the benefits shall ~nure to~ the respecti..:e Owners, thejr heirs. let5,al h:prest."ma'" tives. executors, admmistrators. succeSSorS in oUice or interest, and assigns, and to the Commissioner and his s.u.ccessorS so long as the contract of mortgage Insurance continues in effect; and during such further time as the Commissioner shall be the owner, holder, or reinsurer of the mortgage, or obligated to reinsure the mortgage, 15. Owners warrant that they have not, and will not, execute ilny other agreement with provisions contradictory of, or in opposition to. the provisions hereof, aed that, tn any event, the requiremenls of this Agreement are par.a- mount and controlling as to the rights and obligations set forth and supersed. any other requirements in conflict therew ith, 16~ The invalidity of any clause, part or prOVISion of thiS Agret'mcnl shall not aUt>cl the validity of the rt"rnalOlng portiou thereof. 17, The following Owners; do not aaaume peraonal li_bJhty fOf payments due under the note <:ind InOItf!,<-i&e, 10 the re:serve for replal.-ements. t>' for matter.. nQt under thel< control, excepl: