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2� 1 ��8387 <br /> � <br /> Borr�wer shall give Ler�der pr�mpt notice af any �apse �n required hazard <br /> insu�ar��e co�er�ge and of any �os� occurring fram a hazard. [n the e�ent �f a <br /> distr��ution vf ha�ard ir�surance proce�ds �� lieu �f restvratron �r r�p�ir <br /> fo�lowing a los� t€� th� �r�Rerty or t� c��nnan �r�as and fac���t�es �f the P�JD, <br /> any pr�ceed� p�����e tr� ��rr�aw�� a�� her�b� a��igned ��d �hall b� paid to <br /> Lender fvr app��catr�� to th� �ums secur�d b� th�� �ecurity instrumer�t, with <br /> any excess paid to the �r�t�ty �e�a��y entit�ed th�r�to. <br /> B. Barrawer prvm�s�s t❑ pay ai� du�s and ass�ssm�nts �mpased pursuant t� the <br /> lega� instruments cr�atin� and g�vernir�g th� PUD. <br /> �. If Bvrrvwer does nvt pay PUD dues and assessments when due, then Lender <br /> may pay them. Any amaunts disburs�d by Lender und�r this parag�raph C shall <br /> becvme additivnal debt af Borrower secured �y the �ecurity �nstrument. Un�ess <br /> Borrower and L�nder agree tv �ther term� af payment, these amounts sha�! �ear <br /> Enterest frorr� the date �f disbursement at the Nr�te rate and shaiE be paya�le, <br /> v►rith interest, upon nvtice frar�-� Lender tfl Barr�wer requesting payment. <br /> 2�26�44�� 0���1�02�� <br /> FHA PUD Rider September 2��4 <br /> Bankers 5ystemsTM VMP� VMP58JU (�5�� .�� <br /> � <br /> Wvlters Kfuwer Financia! Ser�ices Page � af 3 <br />