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201009613 amaunt 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 taward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a conditian pf 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 the Lender's requirement for Mortgage Insurance ends in accordance wiih any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Sectian 10 affects Borrower's obligation to pay interest at the rate provlded in the Note. Martgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if Borro�ver daes not repay the Loan as agreed. Borrower is not a party to the Martgage Insurance. Mortgage insurers evaluate their total risk on all such insurance in farce frorn tirne to time, and may enter into agreements with other parties that share or modify their risk, ar reduce losses. These agreements are on terms and conditinns that are satisfactory to the mortgage insurer and the other party (or parties) to these agreernents. These agreements may require the mortgage insurer to make payrnents using any source of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance prerniurns). As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliate af any of the foregoing, rnay receive (directly or indirectly) arnounts that derive frorn (or rnight 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 prerniums paid to the insurer, the arrangement is often termed "captive reinsurance." �'urther: (a) Any such agreem.ents will not affect the amounts that Sorrower has agreed to pay for Mortgaga Insurance, or any other terms of the Loan. Such agreements will not increase th� smount Borrowar will owe for Mortgage Insurance, and they will not entitle Borrowar to any refund. (b) Any such agreements will not affect the rights Sorrower has - if any - with respect to the MortgagB Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include the ri�;ht ta receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated sutomatically, and/or to rBCeive a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation pr termination. 11. Assignment of Miscellanaous Proceeds; Forfeiture. All Miscellaneaus Proceeds are hereby assigned to and shall be paid to Lender. NE$RASICA — Stngle Famlly -- Pannie M�dFreddie Mac UNIFORM INSTRUA�NT F�m 302H v9f � (3CC-(33028-10 (09/Ol) (Page /0 of19) Initialsf4� 5