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2oiioo2s4 amount and for the period that Lender requires) provided by an insurer selected by Lender again becames available, is obtained, and I,ender requires separately designated payments toward the premiums for Mortgage Insurance. Tf Lender required Mortgage Insurance as a condition of making the T.oan and Borrower was required to make separately designated payrnents toward the premiums far 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 with any written agreernent between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Sectian 10 affects Borrower's obligatian to pay interest at the rate provided in the Note. Mo�tgage Insurance reimburses I.ender (or any entity that purchases the Note) for certain losses 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 rnay enter into agreernents with other parties that share or rnodify 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 martgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may include funds obtained frorn Mortgage Insurance premiums). As a result of these agreements, L.ender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any af�liate of any of the foregoing, may receive (directly or indirectly) amounts that derive frorn (or might be characterized as) a portion of Borrower's payments for Mo�tgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreernent provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid ta the insurer, the arrangement is often termed "captive reinsurance. " �'urther: (a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Ynsurance, or any other terms of the Loan. Such agreements will not increase the amount Bocrower will owe for Mortgage Insurance, and they will not entitle Borrower ta any refund. (b) Any such agreements wi11 not affect the rights Borrower has - iF any - with respect to the Mortgage Insurance under the Homeowners P�rotection Act of 1998 or any other law. These rights may inclade 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 recexve a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation ar termination. 11. Assignment of Miscellaneous Proceeds; Fort'eiture. All Miscellaneous Froceeds are heareby assigned to and shall be paid to Lender. (�B�$� -- Single Family — F'annk Mael1+'reddie Mac IJNIFORM IN51'RUM6NT Form 3028 � GCC-G3028-10 (04/01) (Page 10 of 19) Initials: