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201210843 Any amounts disbursed by Lender under this Section 9 shall become additional debi of Horrower secured by tlus Security Inshwnent. These amounts shsill bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upou notice from Lender to E3orrower requesting payment. I£this Security Insuument is on a leasehold, Borrower shall comply witt�all the provisions of the lease. If Borrower acquires fee title to the Property, the leacehold and the fee tiUe shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurdnce. If Lender required Mortgage Insurance as a condition of making the I.oan, Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any rcason, the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such ins�ance and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to tUe Mortgage Insurance previously in effect, az a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in e£fect, from an altemate mortgage insurer 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 insurance coverage ceased to be in effect. Lender will accept, use and retain these payments as a nan-refixndable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ulrimately 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 reserve payments if Mor[gage insurance coverage(in the amount and for the period that Lender requires)provided by an insurer selected by I.ender again becomes available, is obtained, and Lender requires separately designated payments towazd the premiums for Mortgage Insarance. [f Lender requued Mortgage lnsurance as a condition of making the Loan ar�d Borrower was required to malcc separately designated payments toward the premiums for Mortgage Inswance, I3orrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's requirem�t for Mortgage Insurance ends in accordance with any written agreement be.�[ween Honower and Lender providing for such termination or until termination is required by Applicahle Law. Nothing in this Section 10 aft'ects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimbwses Leuder(or any entity that purchases the Note)for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is no[a party to the Mortgage Insurance. Mortgage insurers evaluate their total risk on a11 such insurance in force from time to time, and may enter into ageements with other parties that share or modify their risk, or reduce losses. These agreements aze on terms and conditioas that are satisfactory to the mortgage insurer and the other party(or parties)to these agreements. These agreements may require the mortgage insurer to make payments using any sowce of funds that the mortgage insurer may have available(wlrich may include funds obtained from Mortgage lnsurance premiwns). As a result of these agreements, [.ender, any purcha.ser of the Note, another insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing, may receive(directly or ind'uectly)amounts that derive&om(or might be chazacterized as)a portion of Borrower's payments for Mortgage Insurance, in exchange for shazing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an�liate of Lender takes a shaze of the insurer's risk in excliange for a share of ilie premiums paid to the insurer, the arrangement is often termed"captive reinsurance." Further: 23002�8854 ❑VBANE NE9FASNA-Single Femily-Fannie Mae/Freddie Mec UNIFOHM INSTqtIMENT WITH MERS Fnrm 30�18 1/D1 VMP�u7 VMPBA�NE�11105) Wd[ers Kluwer Finandal Servicen Page 9 of i]