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2� 1 ��435 policies ar duplicate original policies of a�l insurance requ�re�by Section 19�a}. B�rrower shall pramptly deliver t� Lender a capy of a11 renewal and other natices received by Borrawer with resp�ct t� the palicies and al� receipts for pa�d premiums. At �east thirty �3��days pr�or to the expiration date of a policy, Borrower sha11 de�iver to Lender evidenCe of continuing coverage in form satisfa�t�ry to Lender. , (c� Borrower shall maintain or shal�cause �peratnr to at ail t�mes maintain c�mmercial general and professiona� liab�lity insurance, workers' c�mpensation insurance and such other liability, errors and omissions and fide�ity insurance co�erages to the ful� extent�f Program �bligat�ans, as may be amended from tim�to time. Further, Borrower shai� maintain or shall cause �perator to at a��times maintaxn such coverag�s as Lender may from time to t�me reasonably require, or shall requir� any appropriate party to maintain at a11 times c�mmerc�al general liabi�ity insurance, wark�rs' c�mpensation insurance and such other liability, errors and omissions and fidelity insuranc� coverag�s as Lender may from time ta time reas�nably require or such ather insurance coverage as r�quxred by Pr�gram�b�igat�ons. �d} A�l �nsuranc�p�licies and renewa�s of insurance pnlic�es required by th�s Sect�or� �9 shall be in such amounts and f�r such per�ods as Lender may from t�me to time require, and shall be issued by insurance compan�es satisfactary to Lender and �n accordan�e w�th Pragram �b��gations. Lender shail have the right to effect insurance in the event Borrawer fails t� comply w�th this Section. �e} Borr�We� shall comp�y wxth all insurance requirements and sha�1 n�t permit any candition to exist on the Mortgaged Property that w�uid invalidate any part of any �nsurance co�erage that this Security Instrument requires Borrower to ma�ntain. �f� In the event of loss, B�rrower shali give immed�ate written Natic�to the insurance carrier and t� Lender. B�rrower hereby author�zes and appaints Lender as att�rney-in- fact for Borrower to make proof of 1ass, to adjust and compramise any c�aims und�r p�licies �f property damage �nsurance, ta appear�n and prasecute any a�tion arising from such property damage insuranc�policies, t� co�lect and receive the proceeds of pr�perty darnage insurance, and to deduct from such proceeds Lend�r's expenses incurred in the co�lection of su�h proceeds. This power of attorney is coupled with an interest and therefare is irrevocable. Barrower shal� notify Lender af any payment rece��ed from any insurer. Lender shall �1� h��d the ba�ance of such proceeds to be used to r�imburse Borrow�r for the cost�f restoring and repairing th� Mortgaged Pr�perty to the equivalent of its ariginai c�nditian or to a�andition approv�d by Lender, or �2� app�y the balance of such proceeds to the payment�f the Indebtedness, Whether or n�t then due. To th� extent Lender d�termines to apply insurance proceeds to restorati�n, Lender sha11 d� so in accordanc� with Lender's then�current po�icies relating to the restorat�on of casualty damage on simi�ar healthcare properties; provid�d that so long as the Loan is insured or held by HUD, xnsurar�ce proce�ds sha�� be applied as approved by HUD and in accordance with Program �bligati�ns pursuant to Section 19(g} below. � �g} Lender shall not exercise its option t� apply�nsurance pr�c�eds to the payment of th� Indebt�dness if al� of the fal�owing conditions are met: �� n� Event�f Default �or any event Previous versions obsolete Page 24 farm HUfl-9400�-�RCF ��612�14}