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��14�1199 24 may r�quire that any statements, schedul�s or reports required to be del��ered to Lender under this 5ectifln �5 be audited at B�rrovUer's expense by �ndepend�nt cert�f�ed pub[ic acc�untants acceptable to Lender. If Borr�wer fails to provide in a tim�ly manner the statements, s�h�dules and reparts required by this Se�t'r�n ��, L�nder shal� ha�e the right ta hav� Borrower's �ooks and r�cord� audited, at Borrawer's �xpense, by indep�ndent c�rtif��1 pu�lfc accountants ��I��ted by Lender in order t� obtain such statem�nts, schedules and r�ports, and afl r��ated casts and �xpenses af L�nder shali beGome immediate�y due and payabl� and shall become an additionai part af the Ind��tedness. Notwithstanding the for�g�ing, howe�er, so Iong a� the Loan is insured �r h�id by HUD, Borrower's obligation und�r this subsecti�n �d} shal� be satisfied by th� delivery to L�nd�r, concurrently with its del��ry to H U D, of a ��py of the annua! financ�al statement required to be deli�ered t� HUD in accardanc� �ith th� Regu�atary Ag r��m�nt. �e} Borrower shalf deiiver to Lender, within �5 days, copies �f a!� operating budgets, capital �udgets, and oth�r r�cords or documents concerning the Mortgaged Pra�erty �r Borrower, reasonably requ�sted by Lender. 'I G. TAXES; �PERATIN� EXPENSES. �a} Subject to the �rovisi�ns of Section 1��c} and Sect�an ��d}, Sorrower shali pay, or cause t� be paid, afl Taxes when due and bef�re the additian of any int�re�t, f�ne, penalty or cost for non�ayment. �b} Subject tv the prov�sions of Section 1��c} , Borrower shali pay the ex�ens�s af�p�rat�ng, managing, maintaining and r�pairing the M�r�gaged �r�perty �includin� Ensuranc� premiums, utilEties, repairs and repla��ments} before the last date upon which each such �ayment may be mad� w�thaut any penalty or interest charge �eing added. �c} As Iong as na Event af Default �xists and Borrower has timely d�li��r�d to Lender any b��s or premium n�tice that �t has rec�ived, Borr�wer shall not be obligated to pay Taxes, insuran�e premiums or any oth�r indi��dual Impos�tion ta the �xtent that suffi�ient Imposition Dep�sits ar� h�ld by Lender for the purpose �f paying that specific ImpositEon. If an E�ent of Default exists , Lender may exercise any rights Lender may have with respect to Imp�siti�n Dep�sits without regard t� whether �mpositians are th�n due and payabl�; pro��ded tha� so I�ng as the Loan is insured by HUD, L�nder's ex�rcise af its rights shall be subj�ct t� Program ��figations perta�ning to claims far mortgage insuranc� ben�fits. Lender shall ha�� no ��ability to Borrower for failing to pay any Im�ositions to the extent that any E�ent of ��fault has occurr�d and is c�ntinuing, insufficient �mposition Deposits are h�ld by L�nder at th� time an Imposition becomes due and payable �r Borrower has fail�d tv provide Lender with ��11s and premium notice as provrded aba�e. Prev�ous editivns are❑bsolete HUD MF Securi#y Instrum�nt HUD-94QflQM�Re�. 0411�}