Laserfiche WebLink
200111744 <br />the other party (or parties) to these agreements. These agreements may require the mortgage <br />insurer to make payments using any source of funds that the mortgage insurer may have <br />available (which may include funds obtained from Mortgage Insurance premiums). <br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any <br />reinsurer, any other entity, or any affiliate of any of the foregoing, may receive (directly or <br />indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's <br />payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's <br />risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share of <br />the insurer's risk in exchange for a share of the premiums paid to the insurer, the arrangement is <br />often termed "captive reinsurance." Further: <br />(A) Any such agreements will not affect the amounts that Borrower has agreed to pay for <br />Mortgage Insurance, or any other terms of the Loan. Such agreements will not <br />increase the amount Borrower will owe for Mortgage Insurance, and they will not <br />entitle Borrower to any refund. <br />(B) Any such agreements will not affect the rights Borrower has - if any - with respect to <br />the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other <br />law. These rights may include the right to receive certain disclosures, to request and <br />obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance <br />terminated automatically, and /or to receive a refund of any Mortgage Insurance <br />premiums that were unearned at the time of such cancellation or termination. <br />By signing below, Borrower accepts this Mortgage Insurance Rider and agrees that it amends and <br />supplements the Security Instrument. <br />(Seal) (Seal) <br />OR 11S L ONS - Borrower - Borrower <br />_ (Seal) <br />HEL SIMONS - Borrower <br />MULTISTATE MORTGAGE INSURANCE RIDER - Single Family - Fannie Mae Uniform Instrument <br />Form 3160 4/00 <br />Laser Forms Inc. (800) 446 -3555 <br />LFI# FNMA3160 4/00 Page 2 of 2 <br />(Seal) <br />- Borrower <br />