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.� <br />�Q��Q7�7� <br />Any am,ounts disbursed by Lender under t}►is Seclion 9 shall be�ome additianal debt of Borrower s�ured by <br />this Security Instrument. These a�unts shall beaz interest at the Note rate from the date of disburaement <br />, and shall be payable, with such interest, upon notice from Lender to Bonower requesting payment <br />If tUis Security Instrument is on a leasehold, Bonower shall comply with a11 the provisions of the lease. If <br />Borrower acquires fee title to the Property, the leasehold and the fee title sl�all not merge unless Lender <br />,' agr� to the merger in writing. <br />1�I. Mortgage Insurance. If Lender required Mortgage Insurac►ce as a condition of mal�ng the Loan, Borrower <br />shall pay the premiums required to maintain the Mortgage Insurance in effe�t. If, for any reason, the <br />Mortgage Insurance coverage required by I.ender ceases to be available from the mortgaga insurer that <br />� previously provided such insurance aad Borrower was required to make separately designate� payments <br />toward the premiums for Mortgage Insiu�ance, Borrower shall pay the premiums requirad to obtain coverage <br />i substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to <br />� the cost to Borrower of the Mortgage Ins�ffa�nce previously in effe�t, from an altemate mortgage insurer <br />selected by Lender. If substantially equivalent Mortgage Insivance coverage is not available, Bonowar shall <br />� cont�nue to pay to Lender the aa�unt of tha separately designated payments that were due when the <br />I insurance coverage ceased to be in effect. Lender will accept, use and retain these payments as a <br />non refimdable loss reaerve in lieu of Mortgage Insurance. Such loss reserve shall be non-refimdable, <br />notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay <br />Borrower any interest or earninga on such loss reserve. Lender cmn no longar require loss reserva payments <br />if Mortgage Insurance coverage (in the amount and for tha period that Lender re�uires) provided by an <br />insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated <br />� payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a <br />condition of making the Loan and Bonowe� was requirerl to make separately designated payments toward the <br />° premiums for Mortgage Insurance, Bonower shall pay the premiums requirad to maintain Mortgage <br />I� Insurance in effect, or to provide a non-refundable loss reserve, until Lender' s re�uirement for Mortgage <br />�' Insurance ends in accordance with any written agreement betw�n Borrower and L.ender providing for such <br />termination or until termination is required by Applic�ble Iaw. Nothing in this Section 10 affects <br />�� Borrower's obligation to pay interest at the rate provided in the Note. <br />j: Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur <br />'� if Borrower d�s not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. <br />� Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter <br />into agreements with other parties that shaze or modify their riak, or re�uce losses. These agre�ements are on <br />terms and conditions that are saxisfactory to the mortgage insurer and the other Parl3' (or parties) to these <br />i agree�nts. These agr�mants may requira the mortgage insurer to make payments using any source of fimds <br />, i tUat the �rtgage insurer may have available (wluch may includa funds obtained fram Mortgaga Insurance <br />', premiums). <br />Aa a result of thase agr�ts, I.ender, any purchaser of the Note, aaother insurer, any reinsurer, any <br />other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that <br />� � derive from (or might be chazacterizefl as) a portion of Borrower's payments for Mortgage Insurance, in <br />exchenge for shazing or �difying the mortgage insurer' s risk, or reducing losses. ff such agreement <br />' provides that an affiliate of Lender takes a share of the insurer' s risk in exchange for a share of the <br />; premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further: <br />ASKA-Sh�gle FemOy-FanNe Mae/Freddle M� UNIFOHM WSTRUMEM' WIT M 2� 88 <br />xs Kluw� Flnandal Services <br />✓� <br />� � <br />D VBANE <br />Form 3038 1/01 <br />VMPBA(NE) (11061 <br />Page 8 of 17 <br />