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��14�1199 �� �c} �f L�nder recei��s a bilf ar invoice for an �m�osition, Lender shal� pay the Imposit�on from th� lmp�sition Deposits heEd by L�nder. Lender shali ha�e na ob��gation t� pay any Imposition t� th� extent it �xceeds Imp�sition Deposits then h��d by Lender. Lender may pay an Impos�t�vn according t� any bil�, statement ar estimate from th� approprfate �ublic off�ce or insurance �ompany wfthout �nquiring into the a�curacy vf the bill, statem�nt �r est�mate or into the �alidEty of the Impasiti�n. �d} If at any time the amount af th� Imp�sition Dep�sits held �y Lend�r �other than the Reserv� for Replacement �r Residual Re�eipts, �f any} f�r payment �f a sp�cific Imposition exceeds th� am�unt r�asonabiy deemed necessary by Lender plus one-sixth of such estimate, the �x�ess shall be credited against future installments vf �mposition Depasits. If at any time the am�unt af the Imposit��n De�os�ts held by Lender for payment �f a specific Imposition is I�ss than the amount reasonably estimated by L�nder to be necessary plus one-s�xth of such estimat�, Borrawer shall pay to Lender the amaunt of th� defici�ncy within �5 days after N�tice fr�m L�nder. 9. RE�ULAT�RY A�REEMENT. Borrower and HUD have executed a Regulatary Agreement, whi�h �s b�ing reGorded simultaneous[y with th�s S�curity Instrument, and is incorp�rate� in and made a par� of this S�curity �nstrum�nt. LJpon Default �f the Regulatory Agre�m�nt and up�n the r�quest of HUD, Lender, at its o�t�on, may dec�are the wh��e �f the I ndebted n�ss t� be d ue and �ayable. '�� APPLICATIDN �F PAYMENTS. �f�t any time Lender re��es, from B�rrower or atherwise, any amount app��cabl� ta the Indebt�dness which is less than aEl amounts due and payable at such time, Len�er must app�y that payment t� amounts then du� and payab[e in the manner and in t�e order set forth �n Sect�on 7�a}�3}. Neither Lend�r's acceptance af an am�unt that is less than a!I amounts then due and payable nor Lender's ap�licati�n of such paym�nt in th� manner authoriz�d shall constitute or be deemed to constitute e�th�r a wai�er of the unpaEd am�unts or an accord and satisfaction. Notwithstand�ng the application �f any such amaunt to the Indebtedness, B�rrvwer's ��ligations under �h�s Secur�ty Instrument and the Not� sha�� r�main unchanged. 'I'�. C�lVIPL�ANCE �I'VITH LAWS, Borrawer shall cvmply w�th al� app�icable: laws; �rdinan��s; regulat��ns; requ�rem�nts of any G��ernmenta� Author�ty; �awful co��nants and agre�m�nts recorded against the M�rtgaged Pr�perty; so iong as th� Loan is insured vr heid by HUD, th� Regulat�ry Agreement, and Pragram �bligations �ncluding lead-based paint maintenance r�quirements of�4 �FR Part 35, subpart �, and any successor regulatians; including but not ��mited to thase �f the forego�ng pertain�ng to: h�altn and saf�ty; construction �f Impro�em�nts on the Mortgaged Property; fair housing; c��il rights; zoning and land use; Leases; and maintenance and disposit��n of tenant security dep�sits; and, w��h resp��t ta all of th� faregoing, a�� subsequent amendments, revisi�ns, promu�gat�ans �r enactmen�s. Borrower shall at ai� Previous editions are ohsolete HUD MF Security Instrument HtJD-J4Q��M(Rev.D4111}