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'/�IIi[IIIy.T117 premiums, utilities, repairs and replacements) before thc last date upon which cach such payment may be made without any penalty or interest charge being added. (c) As long as na Event of Default cxists ar�d Borrower has timely delivered to Lender any bills ar premium notices that it has receiv�d, $nrrower shall not be obligated to pay Ta�ces, insurance premiums or any other individual imposition to the extent that sufflcient Imposition Deposits are held by Lendcr for the purpose of paying that specific lmposition. If an Event of Default exists, Ler►der may exercise any rights Lender may have vvith respect to Imposition Deposits without regard to whether Impositions are then duc and payable. Lender shall have no liability to Borrawer for failing to pay any Impositions ta the extent that any Event a� Default has occurred and is continuin�, insufficient Impasition Deposits are held by Lender at the time an Imposition becomes due and payable or Borrower has failed to provide Lender with bills and premiutn notices as provided above. (d) Borrower, at its own expense, may cantest by appropriate legal proceedings, conducted diligently and in good faith, 1:he amount or validity af any Imposition other than inswance premiums, if (1) Borrower natitxes Lender of the cammencement or expected commencement of such proceedings, (2) the Mortgagcd Yraperty is not in dangcr of being sald or forfeited, (3) Borrower deposits with Lender reserves sufficient to pay the contested Tmposition, ii requested by Lender, and (4) Borrower furnishes whatever additional securiiy is required in the proceedings or is reasanably requested by Lender, which may include the delivery to Lender of the rescrves established by Barrawer to pay the cantested Impasition. (e) Barrower shall promptly deliver ta Lender a copy of all natices of, and invoices far, Tmpositians, and if Borrowe�' pays any Imposition directly, Borrower shall pramptly furnish ta Lender receipts evidencing such payments. 16. LYFNS; ENCUMBRA�ICES. Borrower acknowledges that, ro the extent provided in Section 21, the grant, creation ar existence of any martgage, deed of txust, deed to secure debt, sccurity interest or other lien or encumbrance (a "Lien") on the Martgaged Property (oth�r than the lien af this lnstrument) nr on ceriain ownership interests in Borrower, whether vnluntary, involuntary or by aperation of law, and whether or nat such Lien has priarity aver the lien af this Instrument, is a"Transfer" which constitutes an E�vent of Default. 17. PRESEItVATION, MANAGEMF,NT AND MAINTENANCE OF MORTGAGED PROPERTY. (a) Sarrawer (1) shall not commit waste or permit impairment or deteriaration of ttie Mortgaged Praperty, (2) shall not abandon the Mortgaged Property, (3) shall restare or repair promptly, in a good and workmanlike manner, any damaged part of the Mortga�ed Praperty to the equivalent af its original conditinn, or such other condition as Lender may apprave in writin�, whether or not insurance proceeds �r condemnation awards are available to cover any costs of such FANN1� MA� MULTIFAMILY SECURITY INSTR[1MENT - Form 4028 06/09 Page 17 NEBRASKA d� 1997-2U09 Hsnnie Ma�