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��14��133 available with respect t� the particular type of pr�perty under the Nat�onal Fla�d Insurance Act of 19d$, as amended, or�ts su�cessar statute, wh�che�er is less,pravided that the amount of flaod insurance need not exceed the outstanding principal balance of the Note, and flood insurance need not be maintained beyond the term af the Note. If Lender determines that flood insurance has nnt been o�tained in the reQuired amount, Lender must natify Borrow�r of Borr�wer's obligations to obtain the proper flaod insuran�e. If Borrower does not obtain such insurance within for�y-fi�e(45} days of the date of this n�tification, Lender shall purchase such flood insurance an beha�f of Borr�wer and may Charge B�rrower for the cost of premiums and fees incurred by Ler�der in purchasing the fl�od insurance. (b} All premiums on insurance palicies required under Section �9(a} shall be paid in the manner pro�ided in Sectian 7, unless Lender has designated in writing another method of payment. All such po�icies shall also �e in a form appro�ed by Lender. A�l pol�ci�s of proper�y damage insurance shal� include a non-cantributing, non-repor�ing mortgage c�ause in a f�rm appro�ed by Lend�r, and in fa�or of Lender(and Hi.JI], as their�nterests appear} and sha�l r�ame as l�ss payee Lend�r, its successors and assign�. Lender shall ha�e th�right to ho�d the ariginal poiicies or duplicate original policies of all insurance reQuired hy Section 19�a}. Borrovver shall promptly del i�er to Lender a copy af a�1 renewal and other notices rec�ived by Barrower with respect to the p�licies and all r�ceipts far paid premiums. At least thirty�3�}days prior to the expiration date of a policy, Borrower shall deliv�r to Lender evidence�f�ont�nuir�g Co�erage in form sati sfactory to Lender. �c} Borrower shal� maintain at all times commercial gen�ral and pr�fessional liabi�ity �nsurance, workers' compensation insurance and such other ��.bility, err�rs ar�d�missions and fdelity insurance ca�erages to the full �xten�t of Program �bligations, as may be amended from time to time. Further, Borrower shall maintain at all times such caverages as Lender may from time ta time reyuire, or shall require any appropriate party t�maintain at all times commercial general liability insurance,workers' compensation insurance and such other liabi�ity, errors and omissions and fidelity insurance coverages as Lender,may from time to time require or such other insurance ca�erage as required by Program �bligations. �d} Al� insurance policies and renewals of insurance policies required by this Secti�n 19 shali be in such amounts and for such periods as Lender may from time to time require, and shall be issued by insurance companies satisfactory to Lender and in accordance with Program ��ligations. Lender shal�ha�e the right to effect insurance in the e�ent Borrower fails to comply with this Sect�on. �e� Borrawer shal�comply with all insurance requirements and shall not permit any condition to�xist on the Mortgaged Property that wauld in�alidate any part of any insurance ca��rage that this Se�urity Instrument requires Borrnwer to maintain. ��} In the e�ent�f loss, B�rrawer shail gi�� immediate writter�Noti�e to the insurance carrier and to Lender. Borrower h�reby authorizes and appaints Lender as attorney-in- fact for Borr�wer to make proaf af loss,t� adjust and comprom�se any claims under palicies of property damage insurance,to appear in and prosecut�any acti�n arising from such property damage insurance policies,to c�l�ect and recei�e the praceeds of property damage insurance, and to deduct from such proceeds Lender's expenses incurred ir�the collectian of such pr�ceeds. Pre�ivus�ersions absa�ete Pag� 23 of 4� farm HUD-94�Q�-�RGF�Rev.�31�3}