3550.156—Borrower obligations.
               		
               	 	
               	 	
               	 	               	 	               	 	               	 	               	 	
               	 	
    
        
        (a) 
         After receiving a loan from RHS, borrowers are expected to meet a variety of obligations outlined in the loan documents. In addition to making timely payments, these obligations include:
     
    
        
        (1) 
         Maintaining the security property; and
     
    
        
        (2) 
         Maintaining an adequately funded escrow account, or paying real estate taxes, hazard and flood insurance, and other related costs when due.
     
    
        
        (b) 
         If a borrower fails to fulfill these obligations, RHS may obtain the needed service and charge the cost to the borrowers account.