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200410560
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200410560
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Last modified
10/16/2011 10:30:25 PM
Creation date
10/21/2005 5:22:29 AM
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DEEDS
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200410560
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200410560 <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 1996 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 />229762 <br />Initials:l � <br />-11a 100041 Page 2 at 3 Form 3160 4100 <br />m <br />
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