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�012Q�30� Any amounts disbursed by Lender under this Section 9 shall become addiflonal debt of Borrower secured by Wis Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such ir�terest, upon notice from Lender to Borrower requesting payment. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee tifle to the Property, the leasehold and the fee tide shall not merge unless Lender agrees to the merger in writing. 10. Mo�tgege Insurence. If Lender required Mortgage Insurance as a condition of mak�ng the Loan, Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the preminms required to obtain coverage substanflally equivalent to the Mortgage Insurance previously in effect, at a cost substanttally equivalent to the cost to Borrower of the Mortgage Insurance previously 9n effect, from an alternate mortgage 9nsurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately designated payments that were due when the iasurance coverage ceased to be in effect. Lender will accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is nit�mately paid in fiill, and Lender shall not be required ta pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes ava�ilable, is obtained, and Lender requires separately designated payments toward the preminms for Mortgage Insurauce. If Lender required Mortgage Insurance as a condition 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 Lender's requirement for Mortgage Insurance ends in accordance with any written agreement between Bonower and Lender providing for such terminallon or until terminaHon is required by Applicable Law. Nothiug 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 the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate their total rIsk on all such insurance �ln force &om time to time, and may enter u►to agreements with other parties that share or modify Weir rlsk, or reduce losses. These agreements are on terms and condiflons that are satisfactory to We mortgage 9nsurer and the other party (or parties) to these agreements. These agreements may require the mortgage insurer to make payments using any sonrce of funds Wat the mortgage �lnsurer 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 other enflty, or any affil�ate of any of the foregoing, may receive (directly or indirectly) amounts that dedve &om (or might be characterized as) a portton of Borrower's payments for Mortgage Insurance, in exchaz►ge for sharing or modifying t6e mortgage insurer's risk, or reducing losses. If such agreement provldes that an atfiliate of Lender takes a share of the insurer's risk in exchange for a shaze of the premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further: 001122994783 ClUbenk 3.2.59.07 V3 N � KA-Single Fampy-Farmle Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS yMpgA �(1 05)/00 Woiters Kluwer Financlal SenAces Page 9 W 77