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2� 15�8211 <br /> 8�rrawer sha�l give Lender promp�no�ice af any iapse in require� i��zard <br /> insur�nce coverage and�f any lass occurring from � ����rd. �n tfi�e ev�nt�f� <br /> d�stribution vf�azard insur��ce pro�eec�s �n ��eu vf res�r�rat�or���re�ai� <br /> f���o��ng a ioss to t��F��o�e�ty ar tfl co�r�an areas and�ac�l�t�es�f the �'L�D, <br /> any�rQc���s payable t�Barrvwer ar� h�reb}�assi�ned and shall be paid to <br /> Lender for applicat�fln to the surns s�cured by this Security Instrum�nt, with <br /> any exc�ss paid tv the ent�ty legally en#i�led thereto. <br /> B. SQrrow�r pramis�s to p�y a��dues and assessments �m�ased pursuar�t tv the <br /> �ega� �nstruments crea#�ng an���vern�r�g �he PUD. <br /> C. �f Borrower does n�t �ay P�D due� and assessrr�ents wh�n d�e, t��n L���er <br /> may �ay t�er�. Any amvunts d�sb�r�e�l by Len�er���er�h�s pa�ac���ph C shall <br /> beco�e ad����onal debt�f 8or�o►n�er secu�ed b��ne Secur��� l�strument. Unl�ss <br /> garrav�er and Lender agree#o���er term�of paym�nt, these arnount�shall bear <br /> interest from the�ate of disbursement at the IVote rate and shaii be �ayab�e, <br /> uvith interest, upon notice frflm Lender to Bo�r�w�r request�ng �aymen�. <br /> FHA PIJD Rider September��14 <br /> Bankers SysternsTM t1MP � q�334C843739 ��65 335 4203 V�p�$g� ���Q2�.Qfl <br /> 111���ters Kluw�r Financ�a[Serv��es P�ge�of 3 <br />