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�oi�os��rs 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 Martgage 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 Martgage Insurance, Borrower shall pay the premiums required ta maintain Mortgage Insurance in effect, or ta provide a non-refundable lass reserve, until the Lender's requirement far 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 this 5ection 10 affects Borrower's obligation to pay interest at the rate pravided in the Note. Mortgage Insurance reirnburses Lender (or any entity that purchases the Note) for certain losses it may incur if Borrower does nat 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 farce from time ta dme, and may enter into agreements with ather 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 agreements. These agreements may require the mortgage insurer to rnake payrnents 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 sharing or rnodifying 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 terrned "captive reinsurance." Further: (a) Any such agrecments will not affect the amaunts that Borrawer has agreed to pay far Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (1�) Any such agreements will not affect the rights Borrower has - if any - with raspect ta tl�e Mortgage Insurance under the Homaowners Protvction Act of 1998 or any other law. These rights may include th� ri�t to receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have th� Martgag� Insurancv terminated sutomatically, and/or to receiva a refund of any Mortgage Insuranca premiwns that were unearned at the time of such cancellation or terminatian. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender, ��SKt� -- Single �'amlly -- Fannia MadFraddie Mac i7Ni[+ORM INSTAUMENT Farm 3028 1/Ol GCC-G3028-10 (09/Ol) (Page !0 of 19) Initials: