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201100260 any Imposition to the extent it exceeds Impositivn Deposits then held by Lender. Lender may pay an Irnposition according to any bill, statement or estimate fram the apprapriate public office or insurar�ce campany without inquiring inta the accuracy of the bill, statement nr estimate or inta the validity of the Imposition. (d) If at any timc the amount of the lmposition I)eposits hcld by Lender For payment of a specific Imposition exce�ds the amouni reasonably deemed necessary by Lcnder, the excess shall be credited against future installments of Imposition Deposits. Tf at any time the amount af the ]mpositian Deposits held by Lender for payment of a specific Impasition is less ihan the amaunt reasonably estimated by Lender ta be neeessary, Borrower shall pay to Lender the aznount of the deficiency within 15 days after notice from Lender. (e) !f an Event of Default has occurred and is continuing, Lender may apply any Imposition Deposits, in any amownts and in any order as Lender determines, in Lender's discretion, to pay any Impositions or as a credit �gainst the Indebtedness. Upon payment in full of th� Indebtedness, Lender shall refund to Borrower any Imposition Deposits held by Lender. $, COLLATERAL AGREEMENTS. Borrower shall deposit with Lender such amaunts as may be required by any Collateral Agreement and shall perforna all ather obligations of $orrawer under each Collateral Agreem�nt. 9. APPLICATION OF PAYMFNTS. Tf at any time Lender receives, from Borrower or otherwise, any amount applicable to the Indebtedness which is less thari all amounts due and payabl� at such time, then Lender may apply that payrnent to amounts then due and payable in any manner and in any order determined by Lender, in Lender's discretian. Neith�r Lender's acceptance of an amount which is less than all amaunts then due and payable nor Lender's application of such payment in the manner authorized shall constitute or be deemed to constitute either a waiver af the unpaid amounts or an accord and satisfactian. Notwithstanding the applicatian of any such amount to the Indebtedness, Borrower's abligations under this lnstrument and the Note shall remain unchanged. 10. C�MPLIANCE WITH LAWS. Borrawer shall comply with all laws, ordinanccs, r�gulations and requirements af any Govemmental Authority and all recordcd lawFul covenants and agreements relating ta or affecting the Mortgaged Property, including all laws, ordinanc�s, r�gulations, rEquirEmcnts and covenants pertaining to health and safety, canstruction of improvements on the Mortgaged �'roperty, fair housing, zoning and land usc, and Leases. Borrower also shall camply with all applicable laws.that pertain to the maintenance and dispasitian of tenant secw deposits. Borrawer shall at all times maintain records sufficient to demonstrate compliance vvith the provisions of this Section 10. Borrower shall ts�lce appropriate measu.res to prevent, and shall nat en�age in ar knawingly permit, �ny illegal activities at the Mortgaged Property that could endanger tenants or visitors, result in FANNIE MAE MULTIFAMILY SECURYTY IIVSTRUMENT - Form 4028 U6/09 Page 13 NEBRASKA cs� 1997-2009 Fannie Mae