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2� 1 ��435 �efend, any act�o��r proce�ding that could impair the Mortga�ed Property, L�nder's security or Lender's rights under this Security Instrument, �g} sha11 not (anc� s�al�not perm�t any �perator, r�si�ent or other person to�remove, demolish or a�ter the Mortgaged Property Q�ar�y part af the Martgaged Pro�erty except that Borrawer may dispos� of obso�ete ar det�ri�rated Fixtures ar Pers�na�ty �f the same are rep�aced wxth like iterns of the same or greater qua�ity. �r va�ue, ar make r�inor a�terati�ns w�ich do n�t impair th� Mortgaged Property, and (h} so ��ng as the Loan is insured or held by HLJD, shal�not expend any Pr�j ect funds except for Reasona��e �perating Expenses and necessary repairs and ex�ept as pe�mitted by Program �bligat�ons and the Borrower's Regu�atory Agreement, withaut the prior written approva� of HUI]. B�rrower sha�l cause any operator, master tenant, management agent, as appl�ca�le, to comply with the foregoing provisions (a}t�ir�ugh�h�. Sa lang as t�e Loan is insured or h�1d by HUD, a1I expens�s incurred by B�rrower in connection with the Mortgaged Property sha11 be incurred �n ��mp�iance with Program �b�igations. 19. PR�PERTY AND LIABILITY INSURAN�E. �a� B�rrawer sha�l l�eep the Mortgaged Property insured at a11 times to the fu�� extent of Pr�gram �b�xgations, as they may be a.mended from time to time. Furth�r, BorroWer shall keep the Mortgaged Pr�perty insured at a�l tim�s aga�nst such hazards as Lender may from time to time require, which insurance sha11 include but not be �im�t�d to coverage against loss by fire and allied perils, genera� b�iler and mach�nery coverage, bu��ders a��-risk and business inc�me coverage. Lender's insurance requirements may change from time to time through�ut the term af the Indebtedness, If Lend�r so requires, such insurance shall als� inc�ude sinkhale insurance, mine subsiden�e �nsurance, earthquake insurance, and, if the Mortgaged Pr�perty does not conform ta applicab�e zaning�r land use laWs, bu��ding ordinance or�aw caverag�. If any of the Impravements are located �n an area identif�ed by the Federal Emergency Manag�ment Agency �or any successor to that agency� as an area hav�ng special flood hazards, Borrovver shall mainta�n flo�d insurance co�ering the app�icable Improvements in an am�unt at least equa�to its development or proj ect cost(less estimated land�ost} or to the maximum limit of coverage made avax�able W�th respect to the particu�ar type of property under the National Fio�d Insurance Act �f 1968, as amend�d, �r its success�r statute, whichever is less,provided that the amount of flo�d insurance ne�d not exceed the outstand�ng�rincipal balance of the Note, and flood insurance n�ed not be maintained beyond the term of the Note. If Lender determ�nes that flood insuranc� has nnt been abtained �n the required amaunt, Lender must notify B�rrovver of Borrow�r's obligations to obtain the proper flaod insurance. If Borrower does not�btain such insurance within forty-f��e (45} days �f the date of this notif�cation, L�nder shall purchase such flood insurance an behalf of Borrower and may charge Borrower for the cost�f premiums and fees incurred by Lender in purchasing the flood �nsurance. (b} A11 premiums on insurance pol�c�es required under Section 19(a} shall be paid in the manr�er provided in Section 7, un�ess Lender has designated in writing another method of payment. Al� such p�lici�s sha11 also be in a form appraved by Lender. A11 pol�cies of property damage insurance shall include a non-contributing, n�n-rep�rting mortgage clause in a form approved by Lender, and in favor�f Lender (and HUD, as their interests a�pear� and sha11 name as �oss payee Lender, its successars and assigns. Lender sha�l have the right ta hold the �riginal Previous versions obsvlete Page 23 form HUD-94��-�RCF �D612��4}