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��14�1�� 1� authoriz�d ex�ense to the Mortgag�d Properky �n�y to the ext�nt they are r�quir�d of Borrower �tself by state law, the �nternal Re�enue Ser�ice �"IRS"}, the S��urities and Exchange �ommiss�on, �r HUD. Neither IRS audit costs nor costs of tax pr��aration for 8orrower's partners, members, shareholders, or other �ersons recei�ing Dis�ri�ut�ons from Borrower may b� Gharged to the M�rt�aged Property as a Project expense. Non-prafit B�rrowers are t� f�llow aud�t requir�ments specified �n �MB ��rcular A-�33, as re�ised. IV. PR�JECT MANA�E�IIENT 19.PRESERVATI�N, IVIANA�EI�ENT AND MAINTENANCE �F THE IVI�RT�A�ED PR�PERTY. Borrower �a} shall n�t commit 1Nast�, �b} shall not a�andon �he Martgaged Prop�rty, �c} shall restore �r repair pr�mptly, in a gond and workmaniike manner, any damag�d part of the Mortgag�d Pr�perty to th� �quivalent of �ts origina� cand�tion, or such other c�ndition as HUD may approve in vUrit�ng, whether or not litigatian or insurance proceeds �r condemnation awards are a�ailable to c��er any costs of such restaration or re�air, and �d} shail keep the Mvrtgag�d Pr��erky �n decent, safe, san�tary condition and g�od repa�r, includ�ng the r�p�acement of Personalty and F�xtures with items af�qual ar b�tter funct�on and qual�ty, a1� in ac�or�ance w�th Pr�gram �bligations. �bli�ations �a} through �d} of this S�ct�on '19 are a�salut� and unconditionaf and are not limited by any conditians precedent and are not contingent vn the a�ailab�lity of finan�ial assistan�e of any kind fram H U D ar on H U D's �erformance of any administrative or contractua� a�l�gati�ns. The Mort�aged Prop�rty must also b� mainta�ned in reasonable �ondition for pro�er audit and subj�ct to examinati�n by HUD at the Pro�ect or another mutually agreeable Iocat��n, �n the e�ent all or any of the Impro��ment� shall be destroy�d or damaged by fire, by fa�lure �f warranty, or other ca�ualty, the money deriv�d from any s�ttlement, judgment, or insurance an the Mortgaged Pr�p�rty shal! be applied in accordance with the terms of the 5ecurity I nstrument. �n the ev�nt all or any �f the Impr��ements shall b� tak�n by an exercise of the power of emin�nt domain, al� awards of�ompensat�an in c�nnectian with cond�mnat�an for public use of�r a taking of any of the Impro�em�nts shall b� pa�d in accordance with th� Security Instrument. ��.FL��D HAZARDS. B�rr�wer shalf mainta�n fl�od insurance if requir�d by the SeGu rity I nstru me nt. 2�.i�IANA�E111iENT A�REEMENT. B�rrower shall execute a management agreem�nt or other docum�nt autlining pr��edur�s for managing or aperating th� M�rtgag�d Property. Su�h agre�ment or docum�nt must b� cons�st�nt Uvith Pr�gram �b�igati�ns. Borrower and the manag�m�nt ag�nt shall submit and maintain a current management certification me�ting standards c�n�istent with Pr�gram �bligations. A management a�reement must contain a prov�sion that it cannot be assigned withvut th� pri�r writt�n appr�val of H U D. - ,,.� Previous editions are obsolete; Regula#ory Agreemen# HIJD-92466M�Rev.Q41��} R�p�aces farm H�D-92466(�11D�}