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��15�585� <br /> Any amounts disbursed h�Lender under this S�ction g shall b�came additional debt of Borravt�er seeured by <br /> this Security Instrumen�.The�e amounts shal�bear interest at t�he Nate rate fr�rn the date of disbursem�nt <br /> and shall be payable,with such interes�,upon notice fram Lender to Borrower requesting payment. <br /> If this Security Instrument is�n a leasehold,BQrro��r shall comply with a11 the pr�visians af the leas�.If <br /> Borrawer aequires fee title t�the Praperry,the leaseh�id and the fee titie shal�nat merge unless Lender <br /> agrees tfl th�m�rgcr in v�riting. <br /> '14, IlAortgage Insuran�e.If Lender requir�d Mortgag��nsuranc�as a conditi�n of making the Loan, Barro�ver <br /> shal�pay the premiums requir�d to ma.inta�n the Martgage lnsurance in effect.if,for any reason,the <br /> Martgage Insuran�e coverage required by Lender ceases to be available fram the martgage insurer that <br /> pre�iously provided such insurance and Barrower�vas required ta make s�parately designated pa�rrxer7ts <br /> taward the prem�ums for Mortgage Insurance,Borra��er shall pay the premiums r�quired ta obtain eo�erage <br /> substa.ntially equivalent tu the Mortgage Insurance previousty in effeet,at a cost substantially e�uivalent to <br /> the cast�a B�rro�ver af the Mortgag�Insurance pr�viaus�y in eff�ct,from an al�ern�te mortgage�nsurer <br /> selectcd by Lend�r. If substantially ct�uivalent MortgagG Insurancc co�erage i�not a�a�lable,Borrower shall <br /> continue t�pay to Lender the amount of the separately des�gnated payments that were du�when the <br /> insurance coWerage ceased to be in effect.Lender will accept,use and retain these gayments as a <br /> r�on-refundable Ioss reserve in lieu of Mortgage Insurance, 5u�h loss reserve shall be nan-refundable, <br /> notwithstanding the fa�t#hat the Laan is ultimateiy paid in fu�i,and Lender sha11 n�t be required tti pay <br /> B�rrowcr any interest or earnings on such loss reser�e. Lender�an no�onger require loss reser�e payrnents <br /> if Mar�gage In�urance co�erage�in the amount and for the period that Lender requires)provided by aa <br /> insurer s��ectcd by Lender again becomes a�ailable, is obtained,and Lender requires s�parately designated <br /> paym�nts toward the pr�mium�far Mortgage Insuranc�, If Lender requir�d M�rtgage Insurance as a <br /> conditian of making the Loan and Sorrower��as required to rnake separately des��nated payments to�vard the <br /> premiums for Martgage�nsurance,F�orrower shall pay the prerniums rcquired to rnaintarn Mortgage <br /> �nsurance in effect,ar to pra�ide a nan-refundable ios�r�serve,until Lender's requirement for Mortgage <br /> Insurance ends in accordance v�ith any written agreement between Barr�wer and Lender providing for such <br /> terrnination or until termiaat�on is required by App�icable Lavv.Nothin�in thi5 Section 1 D�.ffects <br /> Borrawer's abl�gation ta pay interest at the rate prov�ded in the Note. <br /> Mortgage Insuraace reim�burses i�ender�ar any entity that purchases the�o�e�for certaxn losses it may incur <br /> if Borrawer does not repay th�Loan as agreed.BorrQ►��rer�s not a party t4 the Mort$age Insuranc�. <br /> Mortgage insurers evaluate their��ta�ris1�an all such insurance in farce from tim�to time,and rnay enter <br /> in�o agreements�rith ather parti�s that share or madify their risk,or reduce iass�s.These agreem�nts are�n <br /> t�rrns and conditions that ar�satisfactory�o�h�mortgag��nsurer and�he ather party(or par�ies}to th�se <br /> agreements,These agreements may require th�mortgage in�urer ta make payment�u�ing an�saurce of funds <br /> that t�e mortgage insurer may have a�aila��e�whi�h may include funds obta.ined from Mortgage Insurance <br /> premiums}. <br /> As a result of these agreernents,Lencler,any purchaser of the Note,anather insurer,any reinsurer,any <br /> oth�r eatity,ar any aff'i�iate of any of the foregoing,may receive(direGtly or indireCtly�amounts that <br /> deri�e from�ar might be character�zed as)a por�ion�f$orrower's payments far Martgage Insuranc�, in <br /> �xc�ange for sharing�r m�difying the mar�gage insurer's risk,or reducing��sses.If su�h agr�emeat <br /> provides that an affiliate of Lender tak�$a.shar�of the in�urer's risk in exchange far a share af the <br /> premiums paid to the insurer,the arrangement is o��n t�rmed"captive reinsurance."Fur�her; <br /> q03343349084 4�33 3�7 Q91? <br /> NEBF�4SIiA-Singfe Fam�ly-Fannie MaelF�eddie Mac UNIFORM INSTRVMEMT WITH MERS Farm 3428 11D1 <br /> VMP�7 VMPBA(N�}{13�2}.04 <br /> Wolter5 Filuwer Finan�ial Services Page 9 of�7 <br />