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200801606 If this Security Instrument is on a leasehold, Borrower shall comply with alllhe provisions of the lease. If Borrower acquires fee tille to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premluma required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously proVided such insurance and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required 10 obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage Insurer selected by Lender. 1f substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lenderthe amount of the separatet}! de.signated payments that were due when the insuranoe coverage ceased to be in effect. Lender will accept. use and retain these payments 8S a non-refundable 10&8 reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is u~imately paid in full, and Lender shall not be required to pay Borrower any interest or earnings on such loss reserve. lender can no longer require 1088 reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) proVided by an insurer selected by Lender again becomes available, Is obtained. and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to prOVide a non-refundable loss reserve, until lender's requirement for Mortgage Insurance ends In accordance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in the Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender(or any entity that purchases the Note) for certain 1o&S98 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 bsses. These agreements are on tenns and conditions that are satisfactory 10 the mortgage insurer and the other party(or parties) to those 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 recelve(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 agreement provides 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: 4200055 MEftS MocII*Il'onn 302I1I111 (p.g. ~d ~oin InI_'~ ~~ t.lEBRAIlKAooSlngl. _IV-4'ANNIE MAE'fl\EDDIE MAe UNIFORM IN'TRUIIINT