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�� amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires sepazately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of anaking the Loan and Bonower was required to make sepazately designated payments toward the premiums for Mortgage dnsurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until the Lender's requuement for Mortgage Insurance ends in accordance with any written agreement between Bonower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this 5ection 10 affects Bonower'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. Bonower is not a pariy to the Mortgage Insurance. Mortgage insurers evaluate theu total risk on all such insurance in force from time to tune, 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 agreements. 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 aff'iliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Bonower'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 shaze of the premiums paid to the insurer, the anangement is often termed "captive reinsurance. " Further: (a) Any such agreements wall not affect the amounts that Borrower has agrced to pay for 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. (b) Any sucla agreements will not affe,ct the rights Borrower has - if any - with xespect 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 request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to r�eive a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or terminaHon. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds aze hereby assigned to and shall be paid to Lender. �,B�I.S� — Simgle Family — Fannie Mae/Freddte Mac Il1�IFORM INSTRUMENT Form 3026 1/Ol GCC-G3028-10 (09/Ol) (Page 10 of 19) �� _�