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201207959 Any amounts disbursed by Lender under this Section 9 s6all become additional debt of Qorrower sccured by Chis Security lnstrument. These amounts shall bear interest at the No[c rate from the date of disbursement and shall be paya6lc, with sucl� interest, upon notice from Lender to Borrower req�csting payment. If'this Security insLrument is on a leasehold, Borrower sha11 comply witl� afl thc provisions of the lease. If Borrower acquires fee tiTle to the ProF�crty, the leasehold and the fee CiYle shall not merge unfess Lender ageees to the merger in writing. 10. Mortgage Insurance. If Lender required Mortgagc insurancc as a condition of malcing the Loan, Borrower shall pay Lhe premiums required to maintain the Mortgage li�suranec in effecl. If, for airy reason, the Mortgage lnsurance coverage requircd by Lender ceases to be available from the mortgagc insurer that previously peovided such insm�ance and Borrower was req�iired Lo make separately designated payments toward the premiums for Murlgage Lisarance, Borrower shall pay the premiums reyuircd to obtain coverage substautially equivalent to the Mortgage li�surance previously in effect, aY a eosY subsYantially equivalenl to the cost to Borrower of the Martgage insurance previously in efCncL, from a�� alternate mortgage insurer selected by Lender. if substantially equivalent Morfgage Insw�ance coverage is not availablq Borrower shall continue to pay to Lender Yhe amount of lhe separately designated paymeuts diat were due when the insurance coverage ceased to be in effect. Lender will accept, use and re[ain thcsc paymenGs as a non-refundable loss reserve in lieu of Mortgage Insmance. Such loss reserve shall be uon-refundablc, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss eeserve payments if Mortgage Insurance coverage(in the amount and for the period that Lender requires) provided by ai� insurer selected by Lender again Uecomes available, is obtained, and Lender requires separately designaCed payments toward the premiums for Mortgage Insmance. IfLender required Mortgage Insurance ati a condition of making the Loan and Borrower was required to make separaCely designated payments toward the premiums for MorCgagc lnsurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss rese�ve, tmtil Lender's requirement for Mortgage insurancc ends in accordance wiYh any written agrccment between Borrower and Lender providing for such tertt�ination or until Lcrmination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest aE the ratc provided in the Note. Mortgage Insuranee reimbw�ses La�der(or airy entity fhat purehases theNote) for certain losses il may incur if Rorrower does not repay the Loan as agrcecl. Borrower is not a party to the Mortgage insurancc. Mortgage insurers evaluate their urial risk on all such insurance in force from time to time, ai�d may enter into agreements with other parties that sl�are ur modify their risk, or reduce losses. These agreements arc on terms and conditions tl�at are satisfactoiy to the mortgage insurer and Lhc other party (or parties) to these agreemen[s. These agreements may require the morCgage insw�er to make payments using any source of funds that Lhe mortgage insurer may have available(whicl� inay include funds obtained from MorYgage Lisurance premiums). As a result of these agrccments, Lender, any purchaser of N�e Nole, another insurer, any reinsurer, any other entiCy, or any affiliate of any of the foregoing, may receive(dirccdy or indirectly) amounts that dcrive from (or might be characteriwd as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the morCgage insurer's risk, or reducing losses. If such agreemenY provides thaY an affiliate of Lender talees a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, the nerai�gcment is often termed "captive reiusurance." 1'urther: 88a129244tl p , /1 ! 8801292AA8 VMp�SKASinqleFamlly-FannieMaelFreddiflMaoUWFORMINSTRUMENTWITHMERS fl��a �� ,p� Fonn30281101 Wollers Kluwer Financial Serviws 1 �v VMP6A(NE](1105) Pege 9 0l 1]