Certain Additional Characteristics of the Mortgage Loans
Mortgage Rates; Calculations of Interest.
The Mortgage Loans bear interest at Mortgage
Rates that will remain fixed for their remaining terms. All of the Mortgage Loans accrue interest
on the basis of a 360-day year consisting of twelve 30-day months. See "Characteristics of the
Ginnie Mae Multifamily Certificates and the Related Mortgage Loans" in Exhibit A to this
Supplement.
Due Dates.
Monthly payments on the Mortgage Loans are due on the first day of each
month.
Amortization.
The Mortgage Loans are fully-amortizing over their remaining terms to
stated maturity. Certain of the Mortgage Loans may provide that, if the related borrower makes a
partial principal prepayment, such borrower will not be in default if it fails to make any
subsequent scheduled payment of principal provided that such borrower continues to pay
interest in a timely manner and the unpaid principal balance of such Mortgage Loan at the time
of such failure is at or below what it would otherwise be in accordance with its amortization
schedule if such partial principal prepayment had not been made. Under certain circumstances,
the Mortgage Loans also permit the reamortization thereof if prepayments are received as a
result of condemnation or insurance payments with respect to the related Mortgaged Property.
Level Payments.
Although the Mortgage Loans currently have amortization schedules that
provide for level monthly payments, the amortization schedules of substantially all of the
Mortgage Loans are subject to change upon the approval of FHA that may result in non-level
payments.
In the case of Pool Number 612685, the principal and interest payments scheduled to be
made on the first business day of each month are as follows:
From September 2006 through and including December 2029 .......................... $31,254.35
From January 2030 through and including December 2044 ................................ $27,594.86
In the case of Pool Number 612695, the principal and interest payments scheduled to be
made on the first business day of each month are as follows:
From September 2006 through and including October 2030 .............................. $61,984.69
From November 2030 through and including October 2045................................ $54,357.04
In the case of Pool Number 612701, the principal and interest payments scheduled to be
made on the first business day of each month are as follows:
From September 2006 through and including September 2030 .......................... $53,446.80
From October 2030 through and including September 2045 .............................. $46,520.56
In the case of Pool Number 643468, the principal and interest payments scheduled to be
made on the first business day of each month are as follows:
From September 2006 through and including March 2012 .................................. $ 2,592.72
From April 2012 through and including March 2036 ............................................ $ 1,018.30
In the case of Pool Number 650899, the principal and interest payments scheduled to be
made on the first business day of each month are as follows:
From September 2006 through and including July 2014 ...................................... $ 5,178.76
From August 2014 through and including July 2036.............................................. $ 2,352.24
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