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2oioos5s3 amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and I.ender requires separately designated payments toward the premiums far 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 Insuranc� in effect, or to provide a non-refundable loss reserve, until the Lender's requirernent for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such tertnination or until tertnination is required by Applicable Law. Nothing in this 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 losses it may incur if Borrower does not repay the Loan as agreed. Borrower is nat a party to the Mortgage Insurance. Mortgage insurers evaluate their total risk on a�l such insurance in force from time to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agraements. 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 receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sha�ring or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an af�liate of Lender takes a share af the insurer's risk in exchange for a share of the premiums paid to the insurer, the arrangement is often termed "captive reinsurance. " Further; (a) Any sach agreements will not affect the amounts that Borrower has agreed to pay For Mortgage Insarance, or any other terms of the Loan. Such agreements will not increase the amount Borrower will owe for Mortgage Tnsurance, and they will not entitle Borrower to any refund. (b) Any such agreements will not affect the rights Borrower has - if any - with respect to the Martgage Insurance under the Horneowners Protection Act of 1998 or any other law. These rights may include the right to receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or term'►nation. 11. Assignment oF Miscellaneous Froceeds; Forfeiture. All Miscellaneaus Proceeds are hereby assigned to and shall be paid to I.ender. �B�.S� -- Single Family — Fannie Mae/WYeddie Mac UNIFORM INSTRUPIEN7' Form 30�28 1/01 �.�� GCC-G3028-10 (09/Ol) (Page 10 af 19) Initials. ��