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��14�1199 �o �a} In the event Borr�wer fails t� pay any sumS pr�vided f�r in this Secur�ty �nstrum�nt, Lend�r, at its option, may pay the same. Any excess funds a��umulated under Section 7�a} rema'rning aft�r payment �f the items therein m�ntioned, shall b� �redit�d to su�sequ�nt manth�y payments af the same natur� required thereund�r; but if any such item shall exceed the estimate th�refare, �r if B�rrower shall fail to pay any oth�r governmenta� or munici�al charg�, Borrower shall forthwith make go�d the deficiency or �ay the charg� �efore the same becom� delinquent or subject to interest or p�nalt�es and in defauit th�re�f Lender may pay the sam�. All sums �aid or advanced by Lender and any sums which Lend�r may be requir�d to ad�ance to pay mortgage insurance premiums shall be added to the �nd�btedness and shall �ear 'rnt�rest fr�m the date of payment at the rat� specified in th� Note and shall be due and payabi� on d�mand. �n case �f terminat�on of the �antract nf �nsurance by prepaym�nt of the lnd�btedn�ss in full or otherwis� �exc�pt as h�re�nafter provid�d}, acCumu�ations und�r S�ction 7�a} not required t� �ay sums due und�r S�ctian 7�a}�3} shalf �e credited to B�rr�wer. If the Mortgaged Praperty is sold under foreclosur� or is �therw�se acquired by Lender after an Ev�nt of Default, any remaining balance of the accumulatians under Section 7�a} shall be �r�dited to th� principal under the Note as of the dat� of the commencement �f forec�osure pr�ceedings or as of th� date th� Martgag�d Property is otherwise acquired; and a��umulations under Section 7 shall �� likewise credited unless r�qu�red to pay sums due HUD under S�ctrnn 7�a}�3}. The amounts d�p�sited under S�ct�on 7 and Sectian 8 ar� col�ecti�ely ref�rred t� in this Security Instrument as the "�m�os�ti�n Deposits". The abligations �f Borrower for which the Impositi�n D�posits are required ar� co��ectiv�iy ref�rred t� in this Security lnstrument as "Imposit�ons". The am�unt of th� Imposition Deposits shaf� �e suffici�nt t� enable Lender to pay applicable Impositions befare the �ast date up�n wh��h such payment may b� mad� with�ut any penalty or interest charge beEng add�d. L�nd�r shall maintain r�cor�s indicating how much af the manthly Impos�tion D�p�sits and how much of the aggre�ate �mpos�tian D�pos'rts held by Lender are held f�r th� purpose �f paying Tax�s, insurance premiums and each oth�r �bligation of Borrower fvr whi�h Imp�sition D�p�sits ar� required. Any wai��r by L�nder of the r�qu�rement that Borrower r�mit Im�osit�on Deposits to Lend�r may be re�oked by Lender, in Lender's dis�ret�on, at any time up�n Notice to Borrower. �b} Imposition De�osits sha�l be h�ld in accaunts insured or guarant��d by a federal agency and in a�c�rdance with Program �bligations. L�nder shail apply the Impositi�n D��asits t� pay Impas�tions so I�ng as no E�ent of Default has occurred and is ��ntinuing. Unl�ss required by Program �bligati�ns, L�nder shall not b� r�quired to pay B�rraw�r any int�r�st, �arnings or profits �n the lmp�sition Dep�sits with the exc��tion of th� R�ser�e fnr Replacement account �r Res�dual Re�eipts ac�aunt �if any}. Borrvwer hereby pledg�s and grants t� Lender a s�curity interes� in the imp�sition Deposits as additi�na! s�curity for ali of Borrower's �bli�ati�ns under this �ecurity Instrument and the Note. Any amounts deposit�d with Lender under Sect�on 7 shall not b� trust funds, nar shall they operate t� r�duce the Ind�b�edness. Previous editions are obsolete HUD MF Security Instrument HUD-94�QQM�Re�.Q4111}