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201302389 <br />perform such obligations of Borrower and to protect Lender's interest, including (1) <br />payment of fees and out -of- pocket expenses of attorneys (including fees for litigation at <br />all levels), accountants, inspectors and consultants, (2) entry upon the Mortgaged <br />Property to make repairs or secure the Mortgaged Property, (3) procurement of the <br />insurance required by Section 19, and (4) payment of amounts which Borrower has <br />failed to pay under Section 16 or any other Section of this Security Instrument. <br />(b) Any amounts advanced by Lender for taxes, special assessments, water <br />rates, which are liens prior to the Security Instrument, insuring the Project and mortgage <br />insurance premiums, paid after an Event of Default, shall be added to, and become part <br />of the Indebtedness, and shall be immediately due and payable and shall bear interest <br />from the date of the advance until paid at the Interest Rate specified in the Note. So <br />long as the Loan is insured or held by HUD, Lender does not have any obligation to <br />make advances except as required under Program Obligations, and any advance by <br />Lender other than as required by Program Obligations requires prior HUD approval <br />before such advance can be added to the Indebtedness. <br />(c) Nothing in Section 13 shall require Lender to incur any expense or take <br />any action to protect its security. <br />14. INSPECTION. Upon reasonable notice, Lender, its agents, <br />representatives, and designees, may make or cause to be made entries upon and <br />inspections of the Mortgaged Property (including any environmental inspections and <br />tests) during normal business hours, or at any other reasonable time. <br />15. BOOKS AND RECORDS; FINANCIAL REPORTING. <br />(a) Borrower shall keep and maintain at all times at the Mortgaged Property or <br />the management agent's offices, and upon Lender's request shall make available at the <br />Mortgaged Property, complete and accurate books of account and records (including <br />copies of supporting bills and invoices) adequate to reflect correctly the operation of the <br />Mortgaged Property, and copies of all written contracts, Leases, and other instruments <br />which affect the Mortgaged Property. The books, records, contracts, Leases and other <br />instruments shall be subject to examination and inspection at any reasonable time by <br />Lender. <br />(b) If an Event of Default has occurred and is continuing, Borrower shall, at <br />Borrower's expense, deliver to Lender upon written demand all books and records <br />relating to the Mortgaged Property or its operation, which shall be maintained at the <br />Mortgaged Property. <br />Previous editions are obsolete <br />24 <br />HUD MF Security Instrument HUD- 94000M (Rev.11/12) <br />