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2� 1 ��4438 insurer �hat previous�y provided such insurance and Borrawer was required �o make separate�y designated paym�n�s �a�vard�he prem�ums for N.�or�gage�nsurance, Borrower shal� pa�t�e premiums required to obtain caverage subs�antia�ly equiWa�en��o the Mor�gage�nsurance previous�y �n eff�ct, a� a cos� substant�a��y equ�valen��o the cast�fl Borro�er�f th�Mor�gage Insurance pre�ious�y�n effec�, fram an al�ernate mor�gage znsurer selected by L�nder. �f subs�antially equi�al�n�Mor�gage InsuranGe �overage is no� available, Borrow�r shall c�ntinue to pay �o Lender the amaun� of the separately designated paymen�s �hat �vere due when �he insurance cov�rage ceased to be xn effecti. Lender �ril1 ac�ep�, use and retain�hese paymen�s as a non-refundable loss reser�� in lieu af Martgag� Insurance. Such Ioss reser�e sha�1 �e non�refundab�e, no�rx�hs�anding the fac��hat�he Laan is u��imate�y paid in full, and Lender shall not be re�uired �o pay Borrower any xn�eres� ar earnings �n such loss reser�e. Lender can no Ianger require �oss reser�e paymen�s if Mart�age Insurance caverage ��n the amount and for the periad �ha� Lender r�qu�re5} pra�ided by an insurer selec�ed by Lender again be�omes ava��able, is obtained, and Lender requires separate�y designated paymcn�s �oward the premiums for Mortgage �nsurance. �f Lender required Mortgage Insurance as a candit�on of making �he Loan and Borro�ver was required �o make separately designated payments tourard the premiums for Mortgage Insurance, Barrawer shal�pay �he premiums requ�red�� maintain M�r�gage �nsuranc� in effec�, ar to prov�de a non-refundabl� lass reser��, un�i� Lend�r's r�qu�r�m.en� for Mor�gage �nsurance ends in accardance�v��h any vvrit�en agreement bet�reen Borrovver and Lender pro�iding for such termination ❑r unt�1 �ermxnat�on is required b�r Applicable Law. Nothing in �his Section 1� affects Borrower's ob�igation to pay interest a��he ra�e pra�ided�n the Na�e. Mor�gage�nsurance re�mburses Lender�or any en��y�hat purchases the Note�for cer�ain�osses i�may �ncur if Borrower daes not repay �he L�an as agreed. Borrower is no� a party �o �h� Martgage �nsurance. Mor�gage insurers e�aluate the�r �a�a� risk on a�I such xnsurance �n force from tzme �o time, and may en�er into agreemen�s wi�h o�her part�es thati shar� or mod�fy the�r risk, nr reduce lasses. These agreernen�s ar��n�erms and cnnditions that are sa��sfactory�o the rnor�gage insurer and the other par�y �or parties} to these agr��men�s. These agreem�n�s may require the znor�gage insur�r �a �a�e payments using any source of funds that the mor�gage znsurer may have a�rai�able��hich may �nc�ude funds obtained from Martgage�nsurance premiums}. As a result of these agre�ments, L�nder, any purchaser of the No�e, another�nsurer, any reinsur�r, any other �n�ity, or any affi�iate af any of the forega�ng, may re�ei�� direc�ly or indirec�Xy� amounts that der��e fram �nr might be �hara��erized as� a por�ifln of Borrower's payments far Mortgage �nsurance, in exchange for shar�ng or modif��ng�he mortgage insurer's risk,ar r�du��ng�oss�s.If such a�reement pro�rides �hat an affil�at� of L�nder �a�es a share of�h� insurer's r�sk �n exchange for a shar� �f the pr�miums paid to the�nsurer,the arran�emen�is oft�n termed"cap�i��r�insurance."Further: �a) Any suCh agreements w�ll not affect the amounts that Barrower has agreed to pay f�r �Vlortgage Insurance,vr any other terms�f thQ Loan. Such agreements will not increase the amount Borrawer wil� �we for �VYartgage Insurance, and they wi�� not entitle Borrower to any refund. �b� Any such agreements wv�� not affect �he rights �a�ro�ver ha� - �f ar�y � dvAth �resp��t t� th� �l�Iortgage Insuran�e under�he Ho�ne�vvners�r�t�ctian Act of 1995 or any other�aw.Th�se r�ghts xnay �nclude th� r�gh� to r�cei�e �ertain disc�osures, �v request and a�tain cancel�ation vf th� IVlortgage Insurance, to ha�e the �I�Iortgage Insurance terminated autnmatically, andlor to rec�i�v� a refundl af any Nlvrtgage Insurance premiums that wer� un�arn�d at�hQ��me of�uch canceilatian or terminat�one llo .A,ss�gnmen�of 1Vli�cellaneous Prace�d�; F'orfei�ure.A��N.��scellaneous Praceeds are hereby a�si�;ned �o and sha��be paid�o Lender. N�Ti3Rt#SKA-Sin�le�'amily-�'annie MaelFreddie Mac L3iVI�t3Iti��I�STRUi1�IENT Form 3f�28 11U1 �20U��2D�6 CpntpIiance Systetns,Inc.9d 1b3d4�-93dc4 l db-2d I5.112.�.2 Si�xgle Fanuly Real Estate-Secur�ty Instrum�t�i DL�Q47 Page 8 of 1� www.camplianc�systcros.com ;;i i i�i:', ii i ii , ��E i�: i�yi'i illl I ��; ;t�i �{;; II�� ;' ["' i� � !� ��;; �:,.I 1��1:��I�I��i��.��I��l�l��II i�ll��11��I�la l II�i��Il��l I I�I ��i�l��l�ll��I�i��;;#III�:I��II��I��ll i��,:��II�?I�1;�l��i�:=1�III��,�1��f�a I II * D L 2 p G 7' �- 8 8 � 1 8 8 2 0 (} 7 - 0 T� 7 1 6 �- Q 9 S 9 �- P 0 41 E L C 2 7 *