Nop. Better shut it down, create a good and interesting website and then aply Adsense on it. Otherwise, you might get banned. Without money, that is.
yeah they won't pay you I had 40$ in my adsense and I stopped using them for 2 months then they mail me later saying my account is closed for being risky on advertisers although I wasn't publishing their ads all that time some people say they close it because of inactivity so you will lose all the money , it's risky if you depend only on one source to make your money
For sure, we all lose the money if it happens. But be diversified, don't put all eggs in a basket. You can use PPC alternative or affiliate.