Agmt 2010 US Department of Housing and Urban Development HUD

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14 shall deliver to the Custodian, or as otherwise agreed to by the Secretary, the following: (i) The original recorded Mortgage signed by the mortgagor securing repayment of the indebtedness evidenced by the Note. (ii) A mortgagee title policy, issued by a company and in a form acceptable to the Secretary, naming the Secretary as the insured party. (iii) A certified survey with a legal description conforming to the title policy and the Mortgage. (iv) An appraisal of the fee simple ownership interest in the Property specifying an estimate of fair market value of not less than 125 percent (125%) of the principal balance of the Note. The appraisal shall be completed by an appraiser who is certified by the state and has a professional designation (such as "SRA" or "MAI"), and shall conform to the standards of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 ("FIRREA"). (v) An opinion of Borrower's counsel on its letterhead, addressed and satisfactory to the Secretary, that the Mortgage is a valid and legally binding obligation, enforceable in accordance with its terms. (e) Paragraph 12 is amended by adding at the end thereof the following language: "(g) The Secretary may exercise any appropriate remedies to enforce the lien on the Property referred to in paragraph 15(a), amending paragraph 5 (c) ." (f) If any one or more of the covenants, agreements, provisions, or terms of this Contract shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Contract and shall in no way affect the validity or enforceability of the other provisions of this Contract or of the Note or the rights of the Holder thereof.