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.JAN -03 -01 WED 02:14 PM COMMERCIAL FEDERAL MORTG FAX NO. 4028272596 P. 02 200100125 MORTGAGE INSURANCE RIDER This Mortgage Insurance Rider is made this 15th day of December, 2000_ and is incorporated into and shall be- deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument ") of the same date given by the undersigned ( "Borrower") to secure Borrower's fixed rate note (identify type of note, e.g, fixed rate) to First Federal L1n7cTr 'EaR - -- ( "Lender ") of the same dale and covering the Property described in the Sec11urity IInstrument and located at: G0randayslangt 1� rg�s01 (Property Address] The Security Instrument is amended by adding the following at the end of Section 10 (if the Security Instrument has a form date at the lower right corner of 3/99 or later) or Section 8 (if the Security instrument has a form date at the lower right corner that is earlier that 3/99): 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 in force from time to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses, These agreements are on terms and conditions 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 source of funds that the mortgage insurer 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 entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreements provide that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, the arrangement is often termed "captive reinsurance ". Further: (A) Any such agreement will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (B) Any such agreements will not affect the rights Borrower has - if any - with respect to the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include the right to receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and /or to receive a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or termination. By signing below, Borrower accepts this Mortgage Insurance Rider and agrees that it amends and supplements the Security Instrument. John Gannon - Borrower Borrower _(Seal) - Borrower (Seal) - Borrower _(Seal) - Borrower _(Seal) - Borrower