The first (1st) day of the month following each Rate Payment Change Date Change Date until the Mortgage Loan is fully paid. The first (1st) Loan Year of the term of the Mortgage Prepayment Lockout Period Loan. [Select the applicable option for the selected Index and delete the other] [For 1-Month LIBOR Index:] The First Payment Date and the first (1st) day of each month thereafter until the Mortgage Loan is fully paid. Rate Change Date [For 3-Month LIBOR Index:] The first (1st) day of the second (2nd) month following the First Payment Date and the first (1st) day of every third (3rd) month thereafter until the Mortgage Loan is fully paid. IV. YIELD MAINTENANCE/PREPAYMENT PREMIUM INFORMATION The period beginning on the Effective Date and ending Prepayment Premium Term on the last calendar day of the fourth (4th) month prior to the month in which the Maturity Date occurs. V. RESERVE INFORMATION Within _______________ months after the Effective Date or as otherwise shown on the Required Repair Completion Period Schedule. Initial Replacement Reserve $_______________ Deposit Maximum Inspection Fee $_______________ Maximum Repair Disbursement _______________ time(s) per calendar Interval [month][quarter] _______________ time(s) per calendar Maximum Replacement Reserve Disbursement Interval [month][quarter]
Payment Change Date The first (1st) day of the month following each Rate Change Date until the Mortgage Loan is fully paid. Prepayment Lockout Period The first (1st) Loan Year of the term of the Mortgage Loan. Rate Change Date [Select the applicable option for the selected Index and delete the other] [For 1-Month LIBOR Index:] The First Payment Date and the first (1st) day of each month thereafter until the Mortgage Loan is fully paid. [For 3-Month LIBOR Index:] The first (1st) day of the second (2nd) month following the First Payment Date and the first (1st) day of every third (3rd) month thereafter until the Mortgage Loan is fully paid. IV. YIELD MAINTENANCE/PREPAYMENT PREMIUM INFORMATION Prepayment Premium Term The period beginning on the Effective Date and ending on the last calendar day of the fourth (4th) month prior to the month in which the Maturity Date occurs. V. RESERVE INFORMATION Completion Period Within _______________ months after the Effective Date or as otherwise shown on the Required Repair Schedule. Initial Replacement Reserve Deposit $_______________ Maximum Inspection Fee $_______________ Maximum Repair Disbursement Interval _______________ time(s) per calendar [month][quarter] Maximum Replacement Reserve Disbursement Interval _______________ time(s) per calendar [month][quarter]