4330.1 REV-5

APPENDIX 24

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Example #1

SAMPLE REPAYMENT PLAN (FORMAL FORBEARANCE AGREEMENT)

HUD APPROVAL NOT REQUIRED

Mr. & Mrs. John Doe

123 S. Main Street

Topeka, KS 12345

Re: Forbearance Agreement

FHA Case No. \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Your account is presently due for the months of
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ to

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, 19\_\_. The arrearage totals
\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ which

includes late charges and any credit for partial payments made.

The indebtedness in the captioned case is in default and, in

consideration of (Name of Mortgagee) extending forbearance for a period
of

time, it is necessary that you indicate, by signing this letter of

agreement, your acceptance of the following conditions:

\(1\) Beginning on the \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ day of
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

19\_\_, you will remit a monthly payment of \$
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

for a period of\_\_\_\_\_\_\_\_\_\_ months.\*

\(2\) On \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, it is agreed that you will
resume the

regular monthly payments required under your note and security

instrument. You will remit your regular payments for a period

of \_\_\_\_\_\_\_\_\_\_\_\_\_\_ months.\*\*

\(3\) On \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, it is agreed
that you shall add an

additional sum of \$ \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ to
your

regular payments for a period of
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

months. \*\*\*

(4)The debt, if not sooner paid, shall be due and payable

on the first day of \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_,
19\_\_\_. \*\*\*\*

All of the provisions of the note and security instrument, except as

herein provided, shall remain in full force and effect. Upon the breech
of

any provision of this agreement, (Name of Mortgagee) may terminate this

agreement and, at the option of (Name of Mortgagee) institute
foreclosure

proceedings according to the terms of the note and security instrument

without regard to this instrument.

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Page 1 of 69/94

4330.1 REV-5

APPENDIX 24

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Please execute the original and first copy of this agreement and

return them immediately.

Very truly yours,

(Name of Mortgagee)

By: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Accepted and agreed \_\_\_\_\_\_\_\_\_\_ day or
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, 19\_\_\_\_:

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Borrower Co-Borrower

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

\* Optional: mortgagee may suspend or allow mortgagor to make reduced

payments for a designated period of time.

\*\* Optional: mortgagee may allow mortgagor to make only his regular

payments for a designated period of time.

\*\*\* Required: mortgagee must identify the period of time the
mortgagor

will be expected to make increased payments and the amount

of these payments.

\*\*\*\*Required:mortgagee must specify when the arrearage must be

paid-in-full.

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

9/94 Page 2 of 6

4330.1 REV-5

APPENDIX 24

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Example #2

SAMPLE SPECIAL FORBEARANCE AGREEMENT

PURSUANT TO 24 CFR 203.614(a)

(HUD APPROVAL REQUIRED)

Mr. & Mrs. John Doe

123 S. Main Street

Topeka, KS 12345

Re: Special Forbearance Agreement

FHA Case No. \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Your account is presently due for the months of
\_\_\_\_\_\_\_\_\_\_\_\_\_\_ to

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, 19\_\_\_. The arrearage totals
\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ which

includes late charges and any credit for partial payments made.

The indebtedness in the captioned case is in default and, in

consideration of (Name of Mortgagee) extending forbearance for a period
of

time, it is necessary that you indicate, by signing this letter of

agreement, your acceptance of the following conditions:

(1)For the purpose of this agreement, (Name of Mortgagee) considers

the payments due from \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ to
\_\_\_\_\_\_\_\_\_\_\_\_\_

19\_\_\_, that remain due and unpaid to be suspended. or;

Beginning on the \_\_\_\_\_\_\_\_\_\_\_\_\_\_ day of
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

19\_\_\_, you will remit a monthly payment of \$
\_\_\_\_\_\_\_\_\_\_\_\_\_\_

for a period of \_\_\_\_\_\_\_\_\_\_ months.\*

(2)On \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, it is agreed that
you will resume the

regular monthly payments required under your note and security

instrument. You will remit your

regular payments for a period of \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
months.\*\*

(3)On \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, it is agreed that
you shall add an

additional sum of \$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ to your

regular payments for a period of
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

months. \*\*\*

(4)You will resume the regular monthly payments required under your

note and security instrument upon payment in full of your

arrearage. The debt, if not sooner paid, shall be due and

payable on the first day of

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, 19\_\_\_\_.\*\*\*\*

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Page 3 of 69/94

4330.1 REV-5

APPENDIX 24

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All of the provisions of the note and security instrument, except as

herein provided, shall remain in full force and effect. Upon the breech
of

any provision of this agreement, (Name of Mortgagee) may terminate this

agreement and, at the option of (Name of Mortgagee) institute
foreclosure

proceedings according to the terms of the note and security instrument

without regard to this instrument.

Please execute the original and first copy of this agreement and

return them immediately.

Very truly yours,

(Name of Mortgagee)

By: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Accepted and agreed \_\_\_\_\_\_\_\_\_\_\_ day or
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, 19\_\_\_\_:

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Borrower Co-Borrower

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

\* Optional: mortgagee may provide for the suspension of payments or

allow mortgagor to make reduced payments for a designated

period of time; or,

\*\* Optional: mortgagee may allow mortgagor to make only his regular

payments for a designated period of time.

\*\*\*Required:mortgagee must identify the period of time the mortgagor

will be expected to make increased payments and the amount

of these payments.

\*\*\*\*Required:mortgagee must specify when the arrearage must be

paid-in-full. The repayment plan must provide for the

repayment of the arrearage prior to the maturity date of the

mortgage, or on or before a date subsequent to the maturity

date which is approved by HUD.

NOTE:Short term repayment plans that immediately require the mortgagor

to make increased payments are not special forbearance

agreements. Special forbearance agreements must afford the

mortgagor some additional relief.

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

9/94 Page 4 of 6

4330.1 REV-5

APPENDIX 24

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Example #3

SAMPLE SPECIAL FORBEARANCE AGREEMENT

PURSUANT TO 24 CFR 203.614(b)

(HUD APPROVAL NOT REQUIRED)

Mr. & Mrs. John Doe

123 S. Main Street

Topeka, KS 12345

Re: Special Forbearance Agreement

FHA Case No. \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Your account is presently due for the months of
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ to

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, 19\_\_\_. The arrearage totals
\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ which

includes late charges and any credit for partial payments made.

The indebtedness in the captioned case is in default and, in

consideration of (Name of Mortgagee) extending forbearance for a period
of

time, it is necessary that you indicate, by signing this letter of

agreement, your acceptance of the following conditions:

(1)For the purpose of this agreement, (Name of Mortgagee) considers

the payments due from \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ to
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

19\_\_\_, that remain due and unpaid to be suspended. or;

Beginning on the \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ day of
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

19\_\_\_, you will remit a monthly payment of
\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

for a period of \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ months.\*

(2)On \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, it is agreed that you will
resume the

regular monthly payments required under your

note and security instrument. \*\*

(3)Beginning on \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, 19\_\_\_, payments in
the amount

of \$\_\_\_\_\_\_\_\_\_\_\_\_\_ will be required for
\_\_\_\_\_\_\_\_\_\_\_\_ months.\*\*\*

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Page 5 of 69/94

4330.1 REV-5

APPENDIX 24

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All of the provisions of the note and security instrument, except as

herein provided, shall remain in full force and effect. Upon the breech
of

any provision of this agreement, (Name of Mortgagee) may terminate this

agreement and, at the option of (Name of Mortgagee) institute
foreclosure

proceedings according to the terms of the note and security instrument

without regard to this instrument.

Please execute the original and first copy of this agreement and

return them immediately.

Very truly yours,

(Name of Mortgagee)

By: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Accepted and agreed \_\_\_\_\_\_\_\_\_\_ day or
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, 19\_\_\_:

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Borrower Co-Borrower

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

\* Required: mortgagee must provide for the reduction or suspension of

payments for a period not to exceed 18 months or recognize

that payments have already been suspended or reduced for a

period not to exceed 18 months.

\*\* Required: mortgagee must provide for the resumption of regular

mortgage payments after the expiration of the period of

reduced or suspended payments.

\*\*\*Required:mortgagee must provide for the repayment of the total
unpaid

amount accruing prior to and during the period of reduced or

suspended payments. Repayment of the arrearage shall begin

after the original maturity date of the mortgage and will

extend beyond the original maturity date for a period not to

exceed the period of forbearance.

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

9/94 Page 6 of 6

4330.1 REV-5

APPENDIX 24(A)

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

REDUCTION OF MORTGAGE INTEREST RATE PROVIDED BY THE SOLDIERS\' AND

SAILORS\' CIVIL RELIEF ACT OF 1940

The Soldiers\' and Sailors\' Civil Relief Act of 1940 (the Act) provides

for mortgage interest rate reduction on existing mortgages to six
percent

for the period of active duty unless, in the opinion of the court, the

ability to pay is not materially affected by reason of such service.

Interest is defined to include service charges, fees, or any other
charges

except bona-fide insurance.

A.Revision of Monthly Payments.

1.If the mortgagee is notified of a call to active military

duty by the mortgagor or a representative, the mortgagee

must:

Respond to inquiries as to the amount of the monthly

installment payment which would be required at the six

percent rate as defined in the Act;

Provide revised payment cards or coupon books when

appropriate;

Ensure that payments in the amount allowable under the Act

are not inappropriately returned to borrowers as

insufficient.

2.If the mortgagor does not notify the mortgagee of a call to

active duty, but the mortgagee receives a reduced payment

during a time of a military call-up which indicates a

possible effort to reduce the interest rate to six percent,

the mortgagee is expected to:

Contact the mortgagor or a representative of the mortgagor

to determine whether the reduced payment was sent because

the mortgagor was called to active military service;

If no appropriate explanation is provided, the mortgagee may

return the insufficient payment if

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Page 1 of 69/94

4330.1 REV-5

APPENDIX 24(A)

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the action is in compliance with the partial payment

regulation (24 CFR 203.556).

3.Since mortgagees are only required to reduce the interest

rate to six percent for the period of active duty, they may

calculate the beginning and ending months at six percent on

a per diem basis for the dates of actual service with the

remainder of those months calculated at the Note rate of

interest. However, mortgagees may choose instead to permit

the lower interest rate for the whole month at the beginning

and end of active duty.

B.Revised Payments on Section 235 Mortgages. Section 235

assistance may be affected by the interest rate reduction. When

income recertification requests are received from mortgagors who

are affected by the Act, they must be processed expeditiously.

On all accounts receiving assistance where the Note rate of

interest exceeds six percent, the assistance must be reanalyzed

using the full mortgage payment at six percent interest when

determining the assistance.

For some accounts, the interest rate reduction will cause the

suspension of assistance for the term of active military duty.

Whenever an interest rate reduction is performed for retroactive

effect and the Section 235 assistance is reduced, any overbilled

subsidy must be returned to the Department by refund or

adjustment to the next Section 235 monthly billing. When active

duty terminates and the Note rate resumes, the assistance must be

recalculated and assistance restored in accordance with the usual

procedures.

C.Factor Tables for Calculating Formula II Subsidy. At the end of

this appendix are three factor tables at the six percent contract

rate for use in calculating the Formula II subsidy. For Section

235 mortgages closed August 9, 1968 through January 4, 1976, use

the factor table reflecting the subsidy rate of 1.00 percent; for

mortgages closed between January 5, 1976 through March 6, 1978,

use the factor table reflecting the 5.00 percent subsidy rate;

and for mortgages closed

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

9/94 Page 2 of 6

4330.1 REV-5

APPENDIX 24(A)

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from March 7, 1978 to present, use the factor table reflecting a

subsidy rate of 4.00 percent. (This information is outlined in

HUD Handbook 4330.1 REV-2 CHG-2, Paragraph 10-12B.)

NOTE:A reminder that for Section 235 Revised Recapture 10

mortgages, effective January 1, 1985, the Formula I

calculation changed to 28 percent of the mortgagor\'s

adjusted monthly income.

D.Claims for Insurance Benefits on Mortgages Affected by the Act.

On conveyance claims, delays in foreclosure caused by the Act

will not cause a debenture interest curtailment. The Department

will pay the applicable debenture interest rate from the date of

default to the date the claim is paid unless interest is

curtailed pursuant to 24 CFR 203.402(k).

On assignment claims, the Note rate interest will be paid for the

period of default not within the period of active duty. Pursuant

to Section 203.353(b), when the Note rate has been reduced to six

percent in accord with the Act, the claim for insurance benefits

must be reduced to reflect interest accruals at the lower rate

for the period of active duty.

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Page 3 of 69/94

4330.1 REV-5

APPENDIX 24(A)

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APPROXIMATE CLOSING DATES: 8/9/68-1/4/76

CONTRACT RATE 6.00%

SUBSIDY RATE 1.00%

PREMIUM RATE .50% SECTION 235 FACTOR TABLES\*

PURSUANT TO THE SOLDIERS\' AND SAILORS\'

CIVIL RELIEF ACT

AMORTIZATION YEAR

MORTGAGE FORMULA TWO

TERM

(YEARS)

1ST 2ND 3RD 4TH 5TH 6TH 7TH 8TH 9TH 10TH

10 2.7424 2.7101 2.6759 2.6395 2.6009 2.5598 2.5163 2.4701 2.4210 2.3689

15 2.8587 2.8405 2.8212 2.8007 2.7789 2.7559 2.7313 2.7053 2.6777 2.6483

20 2.9816 2.9701 2.9580 2.9450 2.9313 2.9168 2.9013 2.8849 2.8674 2.8489

25 3.0933 3.0856 3.0775 3.0689 3.0597 3.0500 3.0396 3.0287 3.0170 3.0046

30 3.1943 3.1891 3.1834 3.1775 3.1712 3.1645 3.1573 3.1498 3.1417 3.1332

35 3.2950 3.2913 3.2873 3.2830 3.2786 3.2738 3.2687 3.2634 3.2577 3.2516

40 3.3955 3.3928 3.3899 3.3869 3.3837 3.3802 3.3766 3.3727 3.3686 3.3643

11TH 12ND 13TH 14TH 15TH 16TH 17TH 18TH 19TH 20TH

15 2.6172 2.5841 2.5490 2.5117 2.4722

20 2.8293 2.8084 2.7863 2.7628 2.7378 2.7113 2.6832 2.6533 2.6216 2.5879

25 2.9915 2.9776 2.9628 2.9471 2.9304 2.9127 2.8939 2.8739 2.8527 2.8302

30 3.1241 3.1145 3.1043 3.0935 3.0820 3.0698 3.0568 3.0430 3.0284 3.0129

35 3.2452 3.2384 3.2311 3.2234 3.2152 3.2066 3.1974 3.1876 3.1772 3.1662

40 3.3597 3.3548 3.3496 3.3440 3.3382 3.3320 3.3253 3.3183 3.3109 3.3030

21ST 22ND 23RD 24TH 25TH 26TH 27TH 28TH 29TH 30TH

25 2.8063 2.7810 2.7540 2.7255 2.6951

30 2.9964 2.9789 2.9604 2.9407 2.9197 2.8975 2.8739 2.8489 2.8223 2.7941

35 3.1545 3.1421 3.1289 3.1149 3.1000 3.0843 3.0675 3.0497 3.0309 3.0108

40 3.2945 3.2856 3.2762 3.2661 3.2554 3.2441 3.2321 3.2193 3.2057 3.1913

31ST 32ND 33RD 34TH 35TH 36TH 37TH 38TH 39TH 40TH

35 2.9895 2.9669 2.9430 2.9175 2.8907

40 3.1760 3.1598 3.1426 3.1243 3.1049 3.0843 3.0624 3.0391 3.0145 2.9888

\*NOTE:THE FACTORS IN THE 1ST COLUMN ON EACH PAGE OF

THESE FACTOR TABLES ARE ORIGINATION FACTORS \--

NOT AMORTIZATION FACTORS. FOR EXAMPLE: TO COMPUTE

THE FORMULA TWO ASSISTANCE FOR THE 1ST ANNIVERSARY

OF A MORTGAGE, SELECT THE CORRECT FACTOR FROM THE

2ND COLUMN OF FACTORS.

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

9/94 Page 4 of 6

4330.1 REV-5

APPENDIX 24(A)

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

APPROXIMATE CLOSING DATES: 1/5/76-3/6/78

CONTRACT RATE 6.00%

SUBSIDY RATE 5.00%

PREMIUM RATE .70% SECTION 235 FACTOR TABLES\*

PURSUANT TO THE SOLDIERS\' AND SAILORS\'

CIVIL RELIEF ACT

AMORTIZATION YEAR

MORTGAGE FORMULA TWO

TERM

(YEARS)

1ST 2ND 3RD 4TH 5TH 6TH 7TH 8TH 9TH 10TH

10 1.0634 1.0182 .9702 .9193 .8652 .8078 .7468 .6821 .6134 .5404

15 1.1021 1.0767 1.0497 1.0210 .9905 .9582 .9239 .8874 .8487 .8077

20 1.1460 1.1302 1.1132 1.0951 1.0759 1.0555 1.0338 1.0108 .9864 .9605

25 1.1786 1.1679 1.1565 1.1444 1.1316 1.1179 1.1035 1.0881 1.0718 1.0545

30 1.2101 1.2027 1.1948 1.1865 1.1776 1.1682 1.1583 1.1477 1.1364 1.1245

35 1.2410 1.2359 1.2302 1.2243 1.2180 1.2113 1.2042 1.1967 1.1887 1.1802

40 1.2617 1.2579 1.2539 1.2496 1.2451 1.2403 1.2352 1.2298 1.2241 1.2180

11TH 12ND 13TH 14TH 15TH 16TH 17TH 18TH 19TH 20TH

15 .7641 .7178 .6686 .6164 .5610

20 .9000 .9038 .8728 .8399 .8049 .7678 .7284 .6866 .6422 .5951

25 1.0061 1.0166 .9959 .9739 .9505 .9257 .8994 .8715 .8418 .8103

30 1.1118 1.0983 1.0841 1.0689 1.0528 1.0357 1.0175 .9983 .9778 .9561

35 1.1712 1.1617 1.1515 1.1408 1.1293 1.1172 1.1043 1.0906 1.0761 1.0607

40 1.2116 1.2047 1.1974 1.1897 1.1815 1.1727 1.1635 1.1536 1.1432 1.1321

21ST 22ND 23RD 24TH 25TH 26TH 27TH 28TH 29TH 30TH

25 .7769 .7414 .7037 .6636 .6212

30 .9330 .9085 .8825 .8549 .8256 .7945 .7615 .7264 .6892 .6497

35 1.0440 1.0269 1.0085 .9889 .9681 .9460 .9225 .8976 .8712 .8431

40 1.1204 1.1079 1.0946 1.0805 1.0656 1.0497 1.0329 1.0150 .9960 .9759

31ST 32ND 33RD 34TH 35TH 36TH 37TH 38TH 39TH 40TH

35 .8133 .7817 .7491 .7125 .6749

40 .9545 .9317 .9076 .8820 .8548 .8260 .7953 .7628 .7282 .6923

\*NOTE:THE FACTORS IN THE 1ST COLUMN ON EACH PAGE OF

THESE FACTOR TABLES ARE ORIGINATION FACTORS \--

NOT AMORTIZATION FACTORS. FOR EXAMPLE: TO COMPUTE

THE FORMULA TWO ASSISTANCE FOR THE 1ST ANNIVERSARY

OF A MORTGAGE, SELECT THE CORRECT FACTOR FROM THE

2ND COLUMN OF FACTORS.

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Page 5 of 69/94

4330.1 REV-5

APPENDIX 24(A)

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

APPROXIMATE CLOSING DATES: 3/7/78-PRESENT

CONTRACT RATE 6.00%

SUBSIDY RATE 4.00%

PREMIUM RATE .70% SECTION 235 FACTOR TABLES\*

PURSUANT TO THE SOLDIERS\' AND SAILORS\'

CIVIL RELIEF ACT

AMORTIZATION YEAR

MORTGAGE FORMULA TWO

TERM

(YEARS)

1ST 2ND 3RD 4TH 5TH 6TH 7TH 8TH 9TH 10TH

10 1.5434 1.4982 1.4502 1.3993 1.3452 1.2878 1.2268 1.1621 1.0934 1.0204

15 1.6121 1.5867 1.5597 1.5310 1.5005 1.4682 1.4339 1.3974 1.3587 1.3177

20 1.6863 1.6702 1.6532 1.6351 1.6159 1.5955 1.5738 1.5508 1.5264 1.5005

25 1.7486 1.7379 1.7265 1.7144 1.7016 1.6879 1.6735 1.6581 1.6418 1.6245

30 1.8001 1.7927 1.7848 1.7765 1.7676 1.7582 1.7483 1.7377 1.7264 1.7145

35 1.8610 1.8558 1.9502 1.8443 1.8380 1.8313 1.8242 1.8167 1.8087 1.8002

40 1.9117 1.9079 1.9039 1.8996 1.8951 1.8903 1.8852 1.8798 1.8741 1.8680

11TH 12ND 13TH 14TH 15TH 16TH 17TH 18TH 19TH 20TH

15 1.2741 1.2278 1.1786 1.1264 1.0710

20 1.4730 1.4438 1.4128 1.3799 1.3449 1.3078 1.2684 1.2266 1.1822 1.1351

25 1.6061 1.5866 1.5659 1.5439 1.5205 1.4957 1.4694 1.4415 1.4118 1.3803

30 1.7018 1.6883 1.6741 1.6589 1.6428 1.6257 1.6075 1.5883 1.5678 1.5461

35 1.7912 1.7817 1.7715 1.7608 1.7493 1.7372 1.7243 1.7106 1.6961 1.6807

40 1.8616 1.8547 1.8474 1.8397 1.8315 1.8227 1.8135 1.8036 1.7932 1.7821

21ST 22ND 23RD 24TH 25TH 26TH 27TH 28TH 29TH 30TH

25 1.3469 1.3114 1.2737 1.2336 1.1912

30 1.5230 1.4985 1.4725 1.4449 1.4156 1.3845 1.3515 1.3164 1.2792 1.2397

35 1.6643 1.6469 1.6285 1.6089 1.5881 1.5660 1.5425 1.5176 1.4912 1.4631

40 1.7704 1.7579 1.7446 1.7305 1.7156 1.6997 1.6829 1.6650 1.6460 1.6259

31ST 32ND 33RD 34TH 35TH 36TH 37TH 38TH 39TH 40TH

35 1.4333 1.4017 1.3681 1.3325 1.2949

40 1.6045 1.5817 1.5576 1.5320 1.5048 1.4760 1.4453 1.4128 1.3782 1.3423

\*NOTE:THE FACTORS IN THE 1ST COLUMN ON EACH PAGE OF

THESE FACTOR TABLES ARE ORIGINATION FACTORS \--

NOT AMORTIZATION FACTORS. FOR EXAMPLE: TO COMPUTE

THE FORMULA TWO ASSISTANCE FOR THE 1ST ANNIVERSARY

OF A MORTGAGE, SELECT THE CORRECT FACTOR FROM THE

2ND COLUMN OF FACTORS.

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

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