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200905993 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 payrnelus toward the premiums for Mortgage Insurance, Bvrrawer shall pay the premiums required to maintain Mortgage Insurance itl effect, or to provide anon-refundable lass reserve, until the Lender's requirement for Mortgage Insurance ends in acwrdance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section 10 affects $orrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender' (or any entity that purchases the Note) fox certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party fo the Mortgage Insurance. Mortgage insurers evaluate their total risk on all such bnsurance in force from time to time, and may enter into agreements with other parties that share or modify their risk, or reduce lasses. These agreements are an terms and conditions that are satisfactory #o the mortgage insurer and the other party (or parties) to these agreements- 'T'hese 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 relnsurer, any other entity, ar any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (ar might be characterized as) a portion of Barxower's payments far 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 far a share of the premiums paid to the insurer, the arrangement is often termed "captive reinsurance. " Further: (a) Any such agreements will not affect the amounta that Borrower has agreed to pay far Mortgage Insurance, or nay other #erms of the T..oan. Such agremnents witl not increase the amount Borrower will awe for Mortgage Insurances, and they wdl not entitle Borrower to anY refund. - (b) Any such agreements will not affect the ritghts Bar;rawcr has - ff any -with respect to rho Mortgage Insurance under the Homeowners Protection Act of 1998 m any other law. 'T'hose rights tray include the right to remove certain disclosures, to request and obtain camoellation oi'the Mortgagee Insurance, to have the Mortgage Insirrauce terminated sutomaticall3•, and/or to receive a refaced of any Martga~ Insurance pr~iulns that were unearned at the time of snob caucellation ar termination. 11. Assign~aent of MiseallaxReous proceeds; Farfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. 1~TSBRASI:A -Single FapiUy» Famie r4adFraddie Mac nNn<Q~AM[ IIdB1HT.A~NT Farm 3d?i GCC-G3028-1U (D9/01} (Page 10 of79) 1~~;