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2� 1 ���435 <br /> has occurred and is �ontinuing, insufficient Im.posit�on Deposits are held by Lender at th�time <br /> a.r�Imposition becomes due anc�payable or Borrower has failed to provide Lender with bil�-s and <br /> p�em�um notice as pr�vid�c�above. <br /> �d} BorroWer, at its awn expense, and, so �on�as the Loan is i�.sured or held by HUD, <br /> in accordance With the BorrQwer's Reg��atory Agreement, may cor�test by appropriate legal <br /> pr�ceedings, c�nducted diligent�y and in gooc�fa�th, the amount or�a�idity �f an� Irnpos�tion <br /> ather tha.n insurance premiums, if�1� Borrower natifies L�nder of the comme�cement or <br /> expected commencement of such proceedings, (�} the M�rtgaged Property i s not in danger of <br /> being s�ld�r forfe�ted, �3} Borrower dep�sits or causes �perator to deposit with Lender reser�es <br /> suff�cient to pay the contested Imposition, �f requested by Lender, and �4} Borrower furnishes <br /> �vhatever additional security is requxred in the pro�eedings or is reasonab�y requested by Lender, <br /> wh�ch may inc�ude the delivery to Lender of the reserves estab�ished by Borrower to pay th� <br /> c�ntested Imposition. <br /> (e} Borrower shall�romptly de�iver to Lender a copy of all Notices of, and invoi�es <br /> for, Imp�siti�ns, and if Barrower pays any Imp�s�tion directly, Borrower shall promptly furnish <br /> ta Lender rece�pts evidencing such payments. <br /> 17. LIENS; ENCUMBRANCES. <br /> �a� BorroWer shall n�t permit the grant, creation ar existence of any mar�gage, deed <br /> of trust, deed t� se�ure debt, se�urity deed, security interest ar other lien or�ncumbrance <br /> �"Lien"} an the Mortgaged Property �other than the ��en�f this Security Instrument, any tax liens <br /> which are imposed before payment is due, ar any subordxnate liens which are approved by HLTD <br /> and Lender�, wheth�r voluntary, involuntary or by aperation of law, and whether�r not such <br /> Lien has priority over the lien of this Security Instrument. <br /> �b} Borrawer shall not repay any HUD-approv�d su�ordinate Lien from proceeds af <br /> the Loan�ther thar� fr�m Surp�us Cash ar Res�dual Receipts �as both t�rms are defined in the <br /> Borrower's Regulatory Agreement�, except in the case �f a subordinate L�en�reated �n <br /> connection with an operating�oss l�an insured pursuant to Section�23�d} af the Nationa� <br /> Housing Act or a supplement Ioan insured pursuant to Section 241 of the National H�using Act. <br /> 18. PRESERVATIC�N, MANA�EMENT AND MAINTENAN�E �F THE <br /> M�RT�A�ED PR�PERTY. Barrovver(a} shall not cornm�t �aste, �b� shall n�t a�andon the <br /> Mortgaged Praperty, (c� sha1� restare or repair promptly, in a good and Work.manlike manner, <br /> any damaged part af the Mortgaged Property to th� equi�alent of its origina� eondition, or such <br /> ather conditian as Lender may appro�e in writing, wheth�r or nat ��tigation or insurance <br /> proceeds or cond�mnati�n awards are ava��abl�t� c�ver any casts of such restorat�on ar repair, <br /> �d� sha�l keep the Mortgaged Pr�perty in decent, safe, and sanxtary c�ndition and good repair, <br /> inc�uding the replacernent of Personalt� and Fixtures with items of equal or better functior�and <br /> quality, a�1 in accordance With Pr�gram �b��gations, �e} sha�l provide f�r quai�f ed management <br /> of the Mortgag�d Property by a licensed or otherw�se qualified entity cons�stent with Program <br /> �bl�gations andlor any gavernmental requirements pertaining to operation and licensure, (� shall <br /> give Natice t� Lender of and, un�ess otherwise d�rected in writing by Lender, shall appear in and <br /> Pr�vious�ersions obsol�te Page 22 form HUD-94D�0-�RCF (�fi12�14} <br />