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2� 1 ��43� HUD wit�out a recorded amendment to this Agreement. In connect��n thereWith, ever�ten years starting December 3, 2�25, the Lender s�al� obta�n a physical and ca�ita� neer�s assessment report far HUD to �valuate. The c�st�f such report may be paid fram the Reserve far Rep�acer�ents. HUI3 may, in �ts sole r�iscretio�n, rec�u�re Borrower to maintain a minimum balance in the acc�u�t, in an amo�nt to be se�by HUD. �c� Borrower shall carry the ba�ance in this account on the financial records as a restricted asset. The Reserve for Repla�ement sha�l b� invested in accardance With Program �hligation�, and any interest earned on th� investment sha�1 be dep�sited in the Reserve far Rep�acement for use by the Proj ect in accardance with this Section 13. (d� D�sbursements from su�h account sha�l �nly be made after c�nsent, in wr�ting, �f HUI�, �whxch may he given or withhe�d in HUI]'s so�e discretion. In the �vent af a notification af default under the terms �f the B orrower's S ecurity Instrument pursuant to which the Indebtedness has been acce�erated, a Written n�t�fication by HUD to BarroWer of a vi�lation�f this Agreement, or at such�ther times as determined salely by HLTD, HUD may direct the appl�cation�f the balance in such account to the amount due on the Indebtedness as acce�erated or for such other purposes as may be determined sai��y�y HUI]. (e� Upon BorroWer's full satisfacti�n of a�l of its ob�igat�ons under the Loan Documents, any monies remaining�n the Reser�e for Replacement account shall be r��eased ta Borrower�r its designee. �f} Borrower may, on�y with the advar�ce written appr�va� of HUD, borrow funds from the Reser-ve f�r Replacement for Reasonable �perating Expenses as prov�ded�n Pr�gram �bl�gations. Such funds shall he repaid to the Reserve far Rep�acement by Borrovver�ursuant to the terms approved by HUD prior to the making of such Ioan. Ta the extent HUD daes n�t specify repaym�nt requ�rements, Borrower shall repay th�R�serve for Replacem�nt in full with�n thirty (3�} days of the approved v�ithdrawa�. If Borrower fa�ls to time�y make any repayment insta�lment pursuant to the terms appro�ed by HUI], up�n not�ce from HUD, BorroWer shall irnmediate�y repay the fu�l am�unt of such�oan from non-Proj ect funds. 14. [RESERVED.� 15. SURPLUS CASH. �a} Surplus �ash sha11 be calculated semi-annual�y, at the end of the first six m�nths af the Barrawer's annua� fiscal year, and at the end of the Borravver's aranual fiscal �ear. Each Surplus �ash calculation sha11 be submitted to Lender and HtJD with the filing of Borrow�r's Annual F�nanc�al Reports, unless otherwise required by HUD. ��} "Surplus �ash" means any cash remaining after: �i) the payment af�I} aii surns due or currently required to be.paid by B arrawer under the Loan I]ocuments, including any required d�po sits into Pr�e�ious versions obsolet� Page��f 3fi form HUD-924fi6-QRGF ��61�D14}