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��14��134 not3fication af default und�r the terms�f the Borrowe�r's Secur�ty Instrume�t pursuant to whiGh the Ind�btedness has�een a�celera�ed, a written natif�atiar�by HUD t�Barrow�r of a v�olat�on of thi s Agreem�nt, c�r at such other times as determined sal��}�l�y HUI.�,HL�D may dxre�t the application o�the balanc�in suGh accau.nt t�the amount due on the Indebtedness as acceierated �r for such other purposes as may be determined sa�ely by HUD. ��} Upon Borrower'�full sati sfaction of all �f its o�ligations un.der the Lo�r�. Da��uments, any monies remaining in th�Reserve far Rep�acement account sha��be re�eased to Barrawer. �f} . Borrower may, on�y wi�h the�advance written approval of HUI],borrow fiund�from the Reser�re for R�placement for Reasonahle�perating Expenses as prov�ded in Program Qbligations. Such funds sha11 be repaid to th�R�serve fa�r Replacement by Borrovirer pursuant t�the terms appr�ved by HUD prior�o the rr�a�ing of su�h�oar�. To the extent HUD do�s not specify repayment requirements, �orr�wer shall repay the Reserve far Rep�acement�n fu��within thirty��days�f the approved withdrawal. If Borrnwer fails to time�y make any repayment instal�ment pursuant t�the terms a�proved by HLJD, u�on notice from HUD, �orrower sha��immediately repay the ful� �mount of such 1aar�.from no�n-Proj ect funds. l4. L�N�TERM DEBT SERVI�E. N�T APPLICABLE. 15. SURPLUS CASH. �a� Surplus Gash sha11 be calcuiated semi-annua�ly, at the end of the first si� months�f the Borrower's annual fiscal year, and at the end of the Borrawer's ar�ua�fisca�year. Each Surp�us�ash�alculation shall be submitted�Q L�nder and HI,ID v�ith the f ling of B�arr�wer's Anraual Financ�a�F�eports,u.n.less a�therwise r�quired by HUD. �b} "Surplus Cash"means any ca.�h remaining a�t�r: (�� the payment�f�I}ali sums due or cuxrently required to be paid by Barrower under the Loan 17�cuments, in�ludin�any required deposits in�o reser��s; and�2}alI vf B�rrovver's obligati�ns relating ta t��Proj ect other than those r�quired tQ be paid und�r �he Loan I.�oGuments,unless funds fox such paym�nt�have been set aside or deferment of payment has been appraved by HIJD; and (ii} the segregat�on af a11 a�►ounts required to be held in trust(�.g., �enax�t securi�y c�eposits} and all amaunts required to b�held �segregated�in other restricted asset accounts of�he Project�e.g., Res�rve fo�r��placem�nts�pursuant to th�s Agreem�nt,the Loan Documents and Program �bligations. Previous�ersions absalete Page 1�vf�8 f�rm HUD-9246�-4RGF�Re�.�31�3}