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(1) an amount sufficient to provide Lender with funds to pay the next mortgage insurance premium if this Security Instrument and the Note are insured by HUD, or a monthly service charge, if they are held by HUD, as follows: 201302392 (i) If and so long as the Note is insured under the provisions of the National Housing Act, as amended, an amount sufficient to accumulate in the hands of Lender one month prior to its due date the annual mortgage insurance premium; or (ii) If and so long as the Note and this Security Instrument are held by HUD, a monthly service charge in an amount equal to one - twelfth of one- half (1/12 of 1 /2) percent of the average outstanding principal balance due on the Note computed for each successive year beginning with the first day of the month following the date of this Security Instrument, or the first day of the month following assignment, if the Note and this Security Instrument are assigned to HUD without taking into account delinquencies or prepayment; and (2) a sum equal to the ground rents, if any, next due, plus the premiums that will next become due and payable on policies of fire and other property insurance covering the premises covered hereby, plus water rates, Taxes, municipal /government utility charges and special assessments next due on the premises covered hereby (all as estimated by Lender) less all sums already paid therefore divided by the number of months to the date when such ground rents, premiums, water rates, Taxes, municipal /utility charges and special assessments will become delinquent, such sums to be held by Lender in trust to pay said ground rents, premiums, water rates, Taxes, and special assessments; and (3) all payments and deposits mentioned in the two preceding subsections of this Section and all payments to be made under the Note shall be added together and the aggregate amount thereof shall be paid each month in a single payment or deposit to be applied by Lender to the following items in the order set forth: (I) Insurance; mortgage insurance premium charges under the Contract of (ii) ground rents, if Lender has required them to be escrowed with Lender, Taxes, special assessments, water rates, municipal /government utility charges, fire and other property insurance premiums; (iii) interest on the Note; and (iv) amortization of the principal of the Note. Previous editions are obsolete HUD MF Security Instrument HUD- 94000M (Rev. 04!11) Mortgage Restructuring Mortgage Page 18 FRENCH VILLAGE