35 Joint and Several Liability 33 36 Relationships of Parties; No Third Party Beneficiary........... 33 37 Severability; Amendments 33 38 Rules of Construction 33 39 Loan Servicing 34 40 Disclosure of Information 34 41 No Change in Facts or Circumstances 34 42 Estoppel 34 43 Acceleration; Remedies . 34 44 Federal Remedies 35 45 Remedies for Waste 35 46 Termination of HUD Rights and References 35 47 [Construction Financing] 35 48 Environmental Hazards 36 49 Counterpart Signatures 43 50 43 [State Law Requirements]…………………………………. 51 Attached 43 Exhibits………………………………………….. EXHIBIT A LEGAL DESCRIPTION OF THE LAND 45 – EXHIBIT B MODIFICATION TO THE SECURITY INSTRUMENT... 46 – HEALTHCARE [MORTGAGE, DEED OF TRUST, DEED TO SECURE DEBT, SECURITY DEED, OR OTHER DESIGNATION AS APPROPRIATE IN JURISDICTION] fill in appropriate designation ASSIGNMENT OF LEASES, RENTS AND REVENUE AND SECURITY AGREEMENT THIS HEALTHCARE [MORTGAGE, DEED OF TRUST, DEED TO SECURE DEBT, SECURITY DEED, OR OTHER DESIGNATION AS APPROPRIATE IN JURISDICTION] fill ASSIGNMENT OF LEASES, RENTS AND REVENUE AND in appropriate designation, SECURITY AGREEMENT, WHICH, FOR AS LONG AS THE LOAN IS INSURED OR HELD BY HUD, SHALL BE DEEMED TO BE THE MORTGAGE AS DEFINED BY is made as of this ____ day of Instrument”), PROGRAM OBLIGATIONS (this “Security __________, 20__, [among][between] __________, a __________ organized and existing under the laws of __________, whose address is __________, as grantor, trustor and borrower to __________, a __________ organized and existing (“Borrower”), [as trustee (“Trustee”),
35 Joint and Several Liability 33 36 Relationships of Parties; No Third Party Beneficiary........... 33 37 Severability; Amendments 33 38 Rules of Construction 33 39 Loan Servicing 34 40 Disclosure of Information 34 41 No Change in Facts or Circumstances 34 42 Estoppel 34 43 Acceleration; Remedies . 34 44 Federal Remedies 35 45 Remedies for Waste 35 46 Termination of HUD Rights and References 35 47 [Construction Financing] 35 48 Environmental Hazards 36 49 Counterpart Signatures 43 50 [State Law Requirements]…………………………………. 43 51 Attached Exhibits………………………………………….. 43 EXHIBIT A – LEGAL DESCRIPTION OF THE LAND 45 EXHIBIT B – MODIFICATION TO THE SECURITY INSTRUMENT... 46 HEALTHCARE [MORTGAGE, DEED OF TRUST, DEED TO SECURE DEBT, SECURITY DEED, OR OTHER DESIGNATION AS APPROPRIATE IN JURISDICTION] fill in appropriate designation ASSIGNMENT OF LEASES, RENTS AND REVENUE AND SECURITY AGREEMENT THIS HEALTHCARE [MORTGAGE, DEED OF TRUST, DEED TO SECURE DEBT, SECURITY DEED, OR OTHER DESIGNATION AS APPROPRIATE IN JURISDICTION] fill in appropriate designation, ASSIGNMENT OF LEASES, RENTS AND REVENUE AND SECURITY AGREEMENT, WHICH, FOR AS LONG AS THE LOAN IS INSURED OR HELD BY HUD, SHALL BE DEEMED TO BE THE MORTGAGE AS DEFINED BY PROGRAM OBLIGATIONS (this “Security Instrument”), is made as of this ____ day of __________, 20__, [among][between] __________, a __________ organized and existing under the laws of __________, whose address is __________, as grantor, trustor and borrower (“Borrower”), to __________, [as trustee (“Trustee”), a __________ organized and existing
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