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2 4110319G� 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 condiHon of making the Loan and Borrower was required to make separately designated payments toward the p�emiums for Mortgage Insurance, Bonower 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 agreement between Bonower and Lender providing for such terminaflon or until termination 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 enflty that purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed. Bonower 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 may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreeraents are on terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may requu�e 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 afflliate of any of the foregoing, may receive (directly or indirecfly) amounts that derive from (or might be characterized as) a portion of Borrower's paymenfs 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 shaze of the insurer's risk in exchange for a share of the premiutns paid to We insurer, the arrangeraent is often termed "captive reinsurance." Further: (a) Any such agrcements will aot affect the amounts that Borrower has agrced to pay for Mortgage Insurance, or any other terms of the Loan. Such agreaments will not increase the amount Borrower will owe for Mort�age Insurance, and they will not entitle Borrower to any refund. (b) Any such a�reements will not affect the rights Borrower has - if any - with respect to the Mortgage Insurance under the Hom�wners Protection Act of 1998 or any other law. These rights may include the right to receive certain disclosures, to reque.st 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 termination. 11. Assignment of Miscellan�us Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shali be paid to Lender. NEBl�k1$K!� — Single Famfly -- Fanuia Mae/Fraddio Mea i1HIFOItM INSTAUMENf Form 3028 ll01 GCC-G3028-10 (09/Ol) (Page ]0 of19) Initials: ��