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��15�35�5 �f�lais Security Instrum�nt is on a Ieasehald,�3orr��er shall comply with�11 th�pr�v�sians of the l�ase. If Barrower a�quir�s free tit�e tQ the FroFerty,the Ieasehold an�the f�e tit�e sha11 not merge uni�ss Lender agrees t�the merger in writing. 14. Mort�ag�Insuran��. if Lender required Mvrtgage�nsuran�e,as�vndition of making the Laan, BorrQwer shail pay�he premium require to maintain th�M�rtgage Insuran��in ef��t. If,f�r any rea�an,th��'[�rt�age Insurance c�verage requir�d hy Lender ceases to he a�aitab�e from the m�rtgag�insur�r�hat pr�vi�usiy pr�vic��such insuran�e ar�d Barraw�r was required t�ma�ke separa�eiy designateci pa�*ments towards the prerniu.ms for Martga�e Insurance,Borrow�r$hal�pay th�premiums r�quired to obtain�a�erag�su�stantiall�r�utvalen�to the M�rtgag� Insuranc�previous�y in�ffect�zt a c�st�ub�tantia�iy�qui�alent to th�c�st�o Barrov�er of�he M�rtga�e Insurance previous�y in effe�t,from an a�ternate mortgage insurer s��ected by Lend�r. If substantialiy equiVa�en#Mort�a�e �nsurance cov�ra��is not available,�or�o�r�r�hall c�ntinue to pay to Len��r the�mount�f the separateiy designated payrnent�hat were du��rh�n t��insurance ca�erage��ase�l to he in e�fect.L�nd�r wi�I acc�pt,use and retain these paymen�s as a non-refundab��la�s reserwe sn lieu of Mnrtga��Insurance. Such lass r�ser�e�#��11 be n�n-refunt�able, no�withstanding th�fact#hat the Lvan is ul�imately p�id in full,and Lend�r shsll not be requir�d to ps�r�orrow�r any interest or�arnings on such loss res�rve. Lender�an no�origer requ�re loss reserv�payments if Mortgage Insuran�e �o�erag�(in th�am�unt and for�he p�riod that Lender requires)pr�vided by insurer��ected b�Lender again be�omes availabl�}i�obtain�d,and Lender requires s�p�rat��y d�signated pa�ment�t�vWard the pr�miums f�r Mortgag�Ir�surance. �f Ler�de�r�quir�d a M�rt�age Insuran�e as a canditi�n af makin�th�L�an ax�d Borrow�r was r�quired ta make se�ar�t�ly d�signated�ayments tawar�the prcmiums for Mortgage Insurance,Barrvwer shall gay th�premiu.ms r�quired to rnaintain M�rt�a�e Insuran�c in�ffect,or t�proWid�a non-r�fundable l�ss reserv�,unrii L�r�ti��'s requir�m�nt for Mort�ag�Insurance�nds in a��ordan��with any wr�t#en agne�m�nt b�tvveen Borr�wer and L�nder providing far�uch tenninat�on is required b�Applicable Law. N�thing in this Se�ti�n �0 af�cts Borrawer's �bligati�n t�pay interest at the ra#e pravided in the N�t�. . 1Viartgag�Insuran�e reimburs�s Lend�r(or any eniit�that purchases�e No��)f�r��rtairi losses it may incur if Borrawsr does not r�pay#he�.oan as agree�. �onaw�r is n�t a party��th�Mortga�e�nsurance. Mortgage insur�s�va�u�tte their t�tal r�sk�n al!such insuran��s in force fr�m time t�time,and may�nter in t�agareem�nt with vther par�ies that share or madif�r the�r risk,ar r�duce l�se�. Th�s�agre�ments are on terrns and c�nditiQns that are sati�fac�ory�o�h mortg�ge insurer and t��other party�or parti�s}th�s�agreern�nts. These agreemen�s m�y requfre t��rnart�age insur�r to mat�c payrn�nts using any saur�e of�und�that the martgage insurer may haye��ailable�wh�ch may includ�funds ah#�si�ned fram Il�artgag�Insurance premiums�. As a r�su�t af th�s agr�ement,L�nd�r,any gurchaser of the Note,another�nsur�r,any r�insurer,any�th�r entity,or�ny aff lia�e�f any of�he f�rgoYng,may re�eiti�e�directl�r ar indirectly}amoun��ha�derive from��r mi�ht be�haracterized as)a portian af Barr�wer's payments f�r Mort�age I:�suranc�,in exchang�far sharin�;ar mvdifying the m�rtg�ge insur�rs�i�k,o�redu�in�l�s�s� If�uch a�reem�nt pr�vides that an aff`iliate of Lender takes a S�are�f #he insures risk in ex�han��ar a shar��f�he�r�miurns paid t�the insurer,th�arrangem�nt is of�en t�rmed�aptive reinsuranc�.Furth�r: (�r) Any su��h ag�r��en�s wi��not aCfe�t the�mounts th�t Borrowers has�gre��i ta pay far Murtgag�In��ran�c,��r an�ather t�r�s af the L�a�n. �u�h a�r�ement will�ot increase#h� a�naabt Barr�w�r vWill owe fi�r 1Vl�rtgs�e Insuraace,and they wi�l not ent�tle B�rrow�r to any refu�d. �b� �1ny st��$gre�t��r�t w��d�#�ffe�t�he r��;ht Barrower has-if arY-r�yith resp�est t4 th��+T�rtga�� Ins��anc�under th�Horne�wne�Pr��e�tion A�t of 199$or any�tl�er I,ar�r, Th�s ri�hts may in�lude the right�o r�c��ccrt��n�iscla��tres,t�request�nd�bt�in car��a#io�of the Mor#g�gc Iasurat��,ta have Mortgage Insur�nfie termina�ed autQm�tieally,and!or to rcceive