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201 20584� amount and for the period that Lender requires) provided by an insurer selected by Lender aga9n becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condiflon of making the Loan and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until the Lender's requirement for Mortgage Insurance ends in accordance with any written agreement between Bonower and Lender providing for such termination or until terminaflon is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if Borrower does not repay We Loan as agreed. Borrower is not a party to We Mortgage Insurance. Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agreements with oWer parties that share or modify their risk, or reduce losses. These agreements are on terms and condiHons Wat are satisfactory to the mortgage insurer and We other party (or parties) to these agreements. These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premiums). As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any oWer enflty, or any afflliate of any of the foregoing, may receive (directly or indirecfly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an afflliate of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, We arrangement is often termed "captive reinsurance." Further: (a) Any such a�reementa will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount Borrower will owe for Mortgage Insurance, and they will not eatitle Borrower to aay refund. (b) Any such agreements will not affect the rights Borrower has - if any - with respect to the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include the right to receive certain disclosures, to requ�t and obtain caacellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to re�eive a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or termination. 11. Assignment of Miscellan�us Proc�eds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. �B�!$� — Slogle Femlly -- Fennie Maa/Fraddie Mae UNII+ORM INSl'ALA�ffiNT Farm 3028 ll� GCC-G3028-10 (09/Ol) (Page 10 of19) Iaitials: .,�