Document:

exv10w2

Exhibit 10.2

Sunrise of Fall Creek

DISCOUNT MBS MULTIFAMILY NOTE

			
	US $10,558,000.00
	 	As of May 7, 2008

     FOR VALUE RECEIVED, the undersigned (“Borrower”) jointly and severally (if more than one)
promises to pay to the order of CAPMARK BANK, a Utah industrial bank, the principal sum of Ten
Million Five Hundred Fifty-Eight Thousand and 00/100 Dollars (US $10,558,000.00) with interest on
the unpaid principal balance at the rates applicable from time to time set forth in this Discount
MBS Multifamily Note (“Note”).

     Defined Terms. As used in this Note, (i) the term “Lender” means the holder of this Note, and
(ii) the term “Indebtedness” means the principal of, interest on, or any other amounts due at any
time under, this Note, the Security Instrument, (as defined in Paragraph 7), or any other Loan
Document, including prepayment premiums, late charges, default interest, and advances to protect
the security of the Security Instrument under Section 12 of the Security Instrument. Event of
Default, Key Principal and other capitalized terms used but not defined in this Note shall have the
meanings given to such terms in the Security Instrument.

     Address for Payment. All payments due under this Note shall be payable at 116 Welsh Road,
Horsham, Pennsylvania 19044, Attention: Servicing – Account Manager, or such other place as may
be designated by written notice to Borrower from or on behalf of Lender.

     Discount Mortgage Backed Security. This Note shall be funded by the issuance of a discount
mortgage backed security (the “DMBS”) as follows:

     The original stated principal amount of this Note shall be equal to the sum of (i) the price
(the “Price”) of the initial DMBS and (ii) the discount (the “Discount”) of the initial DMBS. The
Price is equal to the proceeds of the sale of the DMBS, and the Discount is an amount equal to the
difference between (i) the face amount of the DMBS and (ii) the Price of the DMBS. The proceeds
made available by Lender to Borrower shall equal the Price of the DMBS. Each DMBS shall be issued
for a term of three months. The issuance date for each DMBS shall be the first day of the month in
which the DMBS is issued, and the maturity date for each DMBS shall be the first day of the month
following such three-month term. For example, the maturity date for a DMBS with an issue date of
December 1 is March 1.

     The entire unpaid principal of the Note will be due and payable by the Borrower to the Lender
on the maturity date of any outstanding DMBS unless, not less than five (5) Business Days prior to
the maturity date of the outstanding DMBS, the Borrower has requested in writing either (i) that
the Indebtedness under this Note be refinanced with a new DMBS, using the Rate Setting Form
attached hereto as Schedule D, or (ii) that this Note be converted to a fixed rate note pursuant to
the Conversion Agreement (hereinafter defined) effective on the maturity date of the outstanding
DMBS.

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     Payment of Principal and Interest. Principal and interest on this Note shall be paid as
follows:

     If loan proceeds are disbursed (the “Disbursement Date”), by Lender to Borrower on a day
preceding the settlement date of the initial DMBS, Borrower shall pay interest on the original
stated principal balance of this Note for the period beginning on the Disbursement Date and ending
on the day immediately preceding the settlement date of the initial DMBS, at an interest rate equal
to 5.17%.

     Borrower shall pay, in immediately available funds, consecutive monthly payments on the first
day of each month beginning June 1, 2008, until the entire unpaid principal balance evidenced by
this Note is fully paid. Each monthly payment shall equal the sum of (i) one third (1/3) of the
Discount calculated on the then outstanding DMBS, (ii) principal in accordance with the Principal
Amortization Schedule, attached as Schedule C hereto and incorporated herein, (iii) an amount equal
to 227 basis points (2.27%) times the face amount of the then outstanding DMBS divided by twelve
(12), and (iv) the Monthly Deposit (as defined in that certain Pledge, Interest Rate Cap Reserve,
and Security Agreement dated of even date herewith between Borrower and Lender), if any. The face
amount of the DMBS to be issued for the subsequent three-month period will be reduced, rounded down
to the nearest thousand, by the amount of principal payments scheduled to be paid in the
immediately preceding three-month period.

     If, pursuant to paragraph 3(b), the Borrower has requested in connection with the maturity of
an outstanding DMBS that the Indebtedness under this Note be refinanced with a new DMBS, then not
less than four (4) Business Days prior to the maturity date of the outstanding DMBS, Lender shall
notify Borrower (in the manner specified in the Security Instrument (defined below) for giving
notices) of the Discount on the new DMBS to be issued on such maturity date by sending Borrower the
Rate Confirmation Form attached as Schedule E hereto and incorporated herein. Borrower shall
execute and return Schedule E to the Lender not later than three (3) Business Days prior to the
issuance date of the new DMBS.

     If the amount of the Discount for the new DMBS to be issued is greater than the Discount for
the outstanding DMBS, then not less than two (2) Business Days prior to the maturity date of the
outstanding DMBS the Borrower shall pay to the Lender the difference between the Discount for the
new DMBS and the Discount for the outstanding DMBS. If the amount of the Discount for the new DMBS
is less than the Discount for the outstanding DMBS, the aggregate amount of such difference shall
be credited against the regular monthly payment due on the issuance date of the new DMBS.

     If Borrower timely exercises its option to convert the interest rate on this Note to a fixed
rate pursuant to the Conversion Agreement dated the same day as this Note between the Borrower and
Lender (the “Conversion Agreement”), Borrower will execute the DMBS Multifamily Note Modification
Agreement (the form of which is attached to the Conversion Agreement as Exhibit A) to reflect the
fixed rate established in accordance with the terms of the Conversion Agreement.

     Any remaining principal and all other amounts due under this Note or any of the Loan
Documents, if not sooner paid, shall be due and payable on the Maturity Date. Failure to pay

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such amounts on the Maturity Date shall result in the immediate imposition of the Default Rate
(as defined in Paragraph 10) on such unpaid amounts.

     Maturity Date: June 1, 2013, or any earlier date on which the unpaid principal balance of this
Note becomes due and payable by acceleration or otherwise.

     Application of Payments. If at any time Lender receives, from Borrower or otherwise, any
amount applicable to the Indebtedness which is less than all amounts due and payable at such time,
Lender may apply that payment to amounts then due and payable in any manner and in any order
determined by Lender, in Lender’s discretion. Borrower agrees that neither Lender’s acceptance of
a payment from Borrower in an amount that is less than all amounts then due and payable nor
Lender’s application of such payment shall constitute or be deemed to constitute either a waiver of
the unpaid amounts or an accord and satisfaction.

     Security. The Indebtedness is secured, among other things, by a multifamily mortgage dated as
of the date of this Note (the “Security Instrument”), and reference is made to the Security
Instrument for other rights of Lender concerning the collateral for the Indebtedness.

     Acceleration. If an Event of Default has occurred and is continuing, the entire unpaid
principal balance, the prepayment premium payable under Paragraph 12, if any, and all other amounts
payable under this Note and any other Loan Document shall at once become due and payable, at the
option of Lender, without any prior notice to Borrower. Lender may exercise this option to
accelerate regardless of any prior forbearance.

     Late Charge. If any monthly amount due under this Note is not received by Lender on or before
the tenth (10th) day of each month or if any other amount payable under this Note or
under the Security Instrument or any other Loan Document is not received by Lender within ten (10)
days after the date such amount is due, counting from and including the date such amount is due,
Borrower shall pay to Lender, immediately and without demand by Lender, a late charge equal to five
percent (5%) of such monthly amount or other amount due. Borrower acknowledges that its failure to
make timely payments will cause Lender to incur additional expenses in servicing and processing the
loan evidenced by this Note (the “Loan”), and that it is extremely difficult and impractical to
determine those additional expenses. Borrower agrees that the late charge payable pursuant to this
Paragraph represents a fair and reasonable estimate, taking into account all circumstances existing
on the date of this Note, of the additional expenses Lender will incur by reason of such late
payment. The late charge is payable in addition to, and not in lieu of, any interest payable at
the Default Rate pursuant to Paragraph 10.

     Default Rate. So long as any monthly payment or any other payment due under this Note remains
past due for thirty (30) days or more, or if any payment due on the Maturity Date is not paid on
the Maturity Date, interest under this Note shall accrue on the unpaid principal balance from the
earlier of the due date of the first unpaid monthly installment or other payment due, as
applicable, at a per annum rate (the “Default Rate”) equal to the lesser of (i) the sum of the rate
at which deposits in United States Dollars in amounts approximately equal to the outstanding
principal amount and with three-month maturities are offered in immediately available funds in the
London Interbank Market by leading banks in the Eurodollar market as of 11:00 a.m. (London Time),
as published daily by Telerate (the “LIBOR Rate”), plus four

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hundred (400) (iii) basis points (4.00%) as determined by Lender, plus the basis points stated
in paragraph 4(b) above, and (ii) the maximum interest rate which may be collected from Borrower
under applicable law. If Telerate is no longer available, or is no longer posted through
electronic transmission, Lender will choose a new service that provides comparable information and
provide notice thereof to Borrower. If the unpaid principal balance and all other payments
required under this Note are not paid in full on the Maturity Date, the unpaid principal balance
and all such other required payments shall bear interest from the Maturity Date at the Default
Rate. Borrower also acknowledges that its failure to make timely payments will cause Lender to
incur additional expenses in servicing and processing the Loan, that, during the time that any
payment under this Note is delinquent, Lender will incur additional costs and expenses arising from
its loss of the use of the money due and from the adverse impact on Lender’s ability to meet its
other obligations and to take advantage of other investment opportunities, and that it is extremely
difficult and impractical to determine those additional costs and expenses. Borrower also
acknowledges that, during the time that any payment due under this Note is delinquent, Lender’s
risk of nonpayment of this Note will be materially increased and Lender is entitled to be
compensated for such increased risk. Borrower agrees that the increase in the rate of interest
payable under this Note to the Default Rate represents a fair and reasonable estimate, taking into
account all circumstances existing on the date of this Note, of the additional costs and expenses
Lender will incur by reason of the Borrower’s delinquent payment and the additional compensation
Lender is entitled to receive for the increased risks of nonpayment associated with a delinquent
loan.

     Limits on Personal Liability.

     Except as otherwise provided in this Paragraph 11, Borrower shall have no personal liability
under this Note, the Security Instrument or any other Loan Document for the repayment of the
Indebtedness or for the performance of any other obligations of Borrower under the Loan Documents,
and Lender’s only recourse for the satisfaction of the Indebtedness and the performance of such
obligations shall be Lender’s exercise of its rights and remedies with respect to the Mortgaged
Property (as hereinafter defined) and any other collateral held by Lender as security for the
Indebtedness. This limitation on Borrower’s liability shall not limit or impair Lender’s
enforcement of its rights against any guarantor of the Indebtedness or any guarantor of any
obligations of Borrower.

     Borrower shall be personally liable to Lender for the repayment of a portion of the
Indebtedness equal to any loss or damage suffered by Lender as a result of (1) failure of Borrower
to pay to Lender upon demand after an Event of Default, all Rents to which Lender is entitled under
Section 3(a) of the Security Instrument and the amount of all security deposits collected by
Borrower from tenants then in residence; (2) failure of Borrower to apply all insurance proceeds
and condemnation proceeds as required by the Security Instrument; (3) failure of Borrower to comply
with the Security Instrument with respect to obligations for the delivery of books and records,
statements, schedules and reports; (4) fraud or written material misrepresentation by Borrower,
Key Principal or any officer, director, partner, member or employee of Borrower in connection with
the application for or creation of the Indebtedness or any request for any action or consent by
Lender; or (5) failure to apply Rents, first, to the payment of reasonable operating expenses
(other than Property management fees that are not currently payable pursuant to the terms of an
Assignment of Management Agreement or any

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other agreement with Lender executed in connection with the Loan) and then to amounts (“Debt
Service Amounts”) payable under this Note, the Security Instrument or any other Loan Document
(except that Borrower will not be personally liable (i) to the extent that Borrower lacks the legal
right to direct the disbursement of such sums because of a bankruptcy, receivership or similar
judicial proceeding, (ii) or because applicable state law directs that such sums be disbursed
otherwise, or (iii) with respect to Rents that are distributed in any calendar year if Borrower has
paid all operating expenses and Debt Service Amounts for that calendar year).

     Borrower shall become personally liable to Lender for the repayment of all of the Indebtedness
upon the occurrence of any of the following Events of Default: (1) Borrower’s acquisition of any
property or operation of any business not permitted by the terms and conditions of the Security
Instrument; or (2) a Transfer that is an Event of Default under the terms and conditions of the
Security Instrument.

     To the extent that Borrower has personal liability under this Paragraph 11, Lender may
exercise its rights against Borrower personally without regard to whether Lender has exercised any
rights against the Mortgaged Property or any other security, or pursued any rights against any
guarantor, or pursued any other rights available to Lender under this Note, the Security
Instrument, any other Loan Document or applicable law. For purposes of this Paragraph 11, the term
“Mortgaged Property” shall not include any funds that (1) have been applied by Borrower as required
or permitted by the Security Instrument prior to the occurrence of an Event of Default, or (2)
Borrower was unable to apply as required or permitted by the Security Instrument because of a
bankruptcy, receivership, or similar judicial proceeding.

     Voluntary and Involuntary Prepayments.

     Borrower may not voluntarily prepay all or any portion of the indebtedness evidenced hereby on
or before the first anniversary of this Note (the “Prepayment Lockout Period”).

     At any time after the Prepayment Lockout Period, Borrower may voluntarily prepay the
Indebtedness evidenced hereby subject to the conditions contained in subparagraph (b) hereof.

     A prepayment premium shall be payable in connection with any prepayment made under this Note
as provided below:

     (1) Borrower may voluntarily prepay all (but not less than all) of the unpaid principal
balance of this Note on the maturity date of the then outstanding DMBS and only if Borrower
has complied with all of the following:

Borrower must give Lender at least thirty (30) days, but not more than sixty
(60) days, prior written notice of its intention to make such prepayment
(the “Prepayment Notice”).

The Prepayment Notice shall be addressed to Lender and shall include, at a
minimum, the date upon which Borrower intends to make the prepayment (the
“Intended Prepayment Date”). Borrower acknowledges that the Lender is not
required to accept any voluntary

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prepayment of this Note on any day other than the maturity date of the then
outstanding DMBS. For all purposes any prepayment received by Lender on any
day other than the maturity date of the then outstanding DMBS shall be
deemed to have been received on the maturity date of the then outstanding
DMBS. For purposes of this Note, a “Business Day” means any day other than
a Saturday, Sunday or any other day on which Lender is not open for
business.

Any prepayment shall be made by paying (A) the amount of principal being
prepaid, (B) all other sums due Lender at the time of such prepayment, and
(C) the prepayment premium calculated pursuant to Schedule A.

If, for any reason, Borrower fails to prepay this Note on the Intended
Prepayment Date, then Borrower may not prepay the Note until the maturity
date of the new outstanding DMBS and upon satisfaction of all terms of this
section, including timely delivery of an new Prepayment Notice, and Lender
shall recalculate the prepayment premium based upon the date that Borrower
actually prepays this Note and to make such calculation as described in
Schedule A attached hereto. For purposes of such recalculation, such new
prepayment date shall be deemed the “Intended Prepayment Date.”

     (2) Upon Lender’s exercise of any right of acceleration under this Note, Borrower shall
pay to Lender, in addition to the entire unpaid principal balance of this Note outstanding
at the time of the acceleration, (A) all other sums due Lender under this Note and the other
Loan Documents, and (B) the prepayment premium calculated pursuant to Schedule A.

     (3) Any application by Lender of any collateral or other security to the repayment of
any portion of the unpaid principal balance of this Note prior to the Maturity Date and in
the absence of acceleration shall be deemed to be a partial prepayment by Borrower,
requiring the payment to Lender by Borrower of a prepayment premium calculated pursuant to
Schedule A.

     Notwithstanding the provisions of Paragraph 12(b), no prepayment premium shall be payable with
respect to (A) any prepayment made no more than three months before the Maturity Date, or (B) any
prepayment occurring as a result of the application of any insurance proceeds or condemnation award
under the Security Instrument.

     Schedule A is hereby incorporated by reference into this Note.

     Any required prepayment of less than the entire unpaid principal balance of this Note shall
not extend or postpone the due date of any subsequent payment or change the amount of such
payments, unless Lender agrees otherwise in writing.

     Borrower recognizes that any prepayment of all or part of the unpaid principal balance of this
Note, whether voluntary or involuntary or resulting from a default by Borrower, will result

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in Lender’s incurring loss, including reinvestment loss, additional expense and frustration or
impairment of Lender’s ability to meet its commitments to third parties. Borrower agrees to pay to
Lender upon demand damages for the detriment caused by any prepayment, and agrees that it is
extremely difficult and impractical to ascertain the extent of such damages. Borrower therefore
acknowledges and agrees that the formula for calculating prepayment premiums set forth on Schedule
A represents a reasonable estimate of the damages Lender will incur because of a prepayment.

     Borrower further acknowledges that the prepayment premium provisions of this Note are a
material part of the consideration for the loan evidenced by this Note, and acknowledges that the
terms of this Note are in other respects more favorable to Borrower as a result of the Borrower’s
voluntary agreement to the prepayment premium provisions.

     Interest Rate Hedge. To protect against fluctuations in interest rates during the term of
this Note, Borrower shall make arrangements for a LIBOR-based hedge instrument to be in place and
maintained at all times with respect to this Note in accordance with the terms and conditions of
that certain Pledge, Interest Rate Cap Reserve, and Security Agreement dated of even date herewith
between Borrower and Lender.

     Costs and Expenses. Borrower shall pay on demand all expenses and costs, including (i) all
fees and expenses incurred by Lender in connection with the issuance of any DMBS and (ii) fees and
out-of-pocket expenses of attorneys and expert witnesses and costs of investigation, incurred by
Lender as a result of any default under this Note or in connection with efforts to collect any
amount due under this Note, or to enforce the provisions of any of the other Loan Documents,
including those incurred in post-judgment collection efforts and in any bankruptcy proceeding
(including any action for relief from the automatic stay of any bankruptcy proceeding) or judicial
or non-judicial foreclosure proceeding.

     Forbearance. Any forbearance by Lender in exercising any right or remedy under this Note, the
Security Instrument, or any other Loan Document or otherwise afforded by applicable law, shall not
be a waiver of or preclude the exercise of that or any other right or remedy. The acceptance by
Lender of any payment after the due date of such payment, or in an amount which is less than the
required payment, shall not be a waiver of Lender’s right to require prompt payment when due of all
other payments or to exercise any right or remedy with respect to any failure to make prompt
payment. Enforcement by Lender of any security for Borrower’s obligations under this Note shall
not constitute an election by Lender of remedies so as to preclude the exercise of any other right
or remedy available to Lender.

     Waivers. Presentment, demand, notice of dishonor, protest, notice of acceleration, notice of
intent to demand or accelerate payment or maturity, presentment for payment, notice of nonpayment,
grace, and diligence in collecting the Indebtedness are waived by Borrower, Key Principal, and all
endorsers and guarantors of this Note and all other third party obligors.

     Loan Charges. Borrower agrees to pay an effective rate of interest equal to the sum of the
imputed interest rate provided for in this Note from time to time, and any additional rate of
interest resulting from any other charges of interest or in the nature of interest paid or to be
paid in connection with the loan evidenced by this Note and any other fees or amounts to be paid by

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Borrower pursuant to any of the other Loan Documents. Neither this Note nor any of the other
Loan Documents shall be construed to create a contract for the use, forbearance or detention of
money requiring payment of interest at a rate greater than the maximum interest rate permitted to
be charged under applicable law. If any applicable law limiting the amount of interest or other
charges permitted to be collected from Borrower in connection with the Loan is interpreted so that
any interest or other charge provided for in any Loan Document, whether considered separately or
together with other charges provided for in any other Loan Document, violates that law, and
Borrower is entitled to the benefit of that law, that interest or charge is hereby reduced to the
extent necessary to eliminate that violation. The amounts, if any, previously paid to Lender in
excess of the permitted amounts shall be applied by Lender to reduce the unpaid principal balance
of this Note. For the purpose of determining whether any applicable law limiting the amount of
interest or other charges permitted to be collected from Borrower has been violated, all
Indebtedness that constitutes interest, as well as all other charges made in connection with the
Indebtedness that constitute interest, shall be deemed to be allocated and spread ratably over the
stated term of the Note. Unless otherwise required by applicable law, such allocation and
spreading shall be effected in such a manner that the rate of interest so computed is uniform
throughout the stated term of the Note.

     Commercial Purpose. Borrower represents that the Indebtedness is being incurred by Borrower
solely for the purpose of carrying on a business or commercial enterprise, and not for personal,
family or household purposes.

     Counting of Days. Except where otherwise specifically provided, any reference in this Note to
a period of “days” means calendar days, not Business Days.

     Governing Law. This Note shall be governed by the law of the jurisdiction in which the Land
described in the Security Instrument is located.

     Captions. The captions of the paragraphs of this Note are for convenience only and shall be
disregarded in construing this Note.

     Notices. All notices, demands and other communications required or permitted to be given by
Lender to Borrower pursuant to this Note shall be given in accordance with Section 31 of the
Security Instrument.

     Consent to Jurisdiction and Venue. Borrower and Key Principal each agrees that any
controversy arising under or in relation to this Note shall be litigated exclusively in the
jurisdiction in which the Land is located (the “Property Jurisdiction”). The state and federal
courts and authorities with jurisdiction in the Property Jurisdiction shall have exclusive
jurisdiction over all controversies which shall arise under or in relation to this Note. Borrower
and Key Principal each irrevocably consents to service, jurisdiction, and venue of such courts for
any such litigation and waives any other venue to which it might be entitled by virtue of domicile,
habitual residence or otherwise.

     WAIVER OF TRIAL BY JURY. BORROWER, KEY PRINCIPAL AND LENDER EACH (A) AGREES NOT TO ELECT A
TRIAL BY JURY WITH RESPECT TO ANY ISSUE ARISING OUT OF THIS NOTE OR THE RELATIONSHIP BETWEEN THE

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PARTIES AS LENDER, KEY PRINCIPAL AND BORROWER THAT IS TRIABLE OF RIGHT BY A JURY AND (B)
WAIVES ANY RIGHT TO TRIAL BY JURY WITH RESPECT TO SUCH ISSUE TO THE EXTENT THAT ANY SUCH RIGHT
EXISTS NOW OR IN THE FUTURE. THIS WAIVER OF RIGHT TO TRIAL BY JURY IS SEPARATELY GIVEN BY EACH
PARTY, KNOWINGLY AND VOLUNTARILY WITH THE BENEFIT OF COMPETENT LEGAL COUNSEL.

     ATTACHED SCHEDULES. The following Schedules are attached to this Note:

     ý Schedule A            Prepayment Premium (required)

     ý Schedule B            Modifications to Multifamily
Note

     ý Schedule C            Principal Amortization
Schedule

     ý Schedule D            DMBS Rate Setting Form

     ý Schedule E            DMBS Rate Confirmation Form

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     IN WITNESS WHEREOF, Borrower has signed and delivered this Note or has caused this Note to be
signed and delivered by its duly authorized representative.

	 	 	 	 	 	 	 
	 	 	BORROWER:
	 
	 	 	 	 	 	 
	 	 	SUNRISE FALL CREEK ASSISTED LIVING, L.L.C., an

     Indiana limited liability company
	 
	 	 	 	 	 	 
	 	 	By:	 	Sunrise Senior Living Investments, Inc., a
	 	 	 	 	Virginia corporation, its sole member
	 
	 	 	 	 	 	 
	 

	 	 	 	By
	 	/s/ James S. Pope
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	James S. Pope
	 

	 	 	 	 	 	Vice President
	 
	 	 	 	 	 	 
	 	 	54-2058396
	 	 	Borrower’s Social Security/Employer ID Number

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	 	PAY TO THE ORDER OF CAPMARK FINANCE

INC., WITHOUT RECOURSE.

CAPMARK BANK, a Utah industrial bank

 	 
	 	By:  	/s/ Max W. Foore
 	 
	 	 	Max W. Foore 	 
	 	 	Limited Signer 	 
	 

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	 	PAY TO THE ORDER OF FANNIE MAE

WITHOUT RECOURSE.

CAPMARK FINANCE INC., a California

corporation

 	 
	 	By:  	/s/ Max W. Foore
 	 
	 	 	Max W. Foore 	 
	 	 	Vice President 	 
	 

Fannie Mae Commitment Number: 957329

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ACKNOWLEDGMENT AND AGREEMENT OF KEY PRINCIPAL TO

PERSONAL LIABILITY FOR EXCEPTIONS TO NON-RECOURSE LIABILITY

     Key Principal, who has an economic interest in Borrower or who will otherwise obtain a
material financial benefit from the Loan, hereby absolutely, unconditionally and irrevocably agrees
to pay to Lender, or its assigns, on demand, all amounts for which Borrower is personally liable
under Paragraph 11 of the Discount MBS Multifamily Note to which this Acknowledgment is attached
(the “Note”). The obligations of Key Principal shall survive any foreclosure proceeding, any
foreclosure sale, any delivery of any deed in lieu of foreclosure, and any release of record of the
Security Instrument. Lender may pursue its remedies against Key Principal without first exhausting
its remedies against the Borrower or the Mortgaged Property. All capitalized terms used but not
defined in this Acknowledgment shall have the meanings given to such terms in the Security
Instrument. As used in this Acknowledgment, the term “Key Principal” (each if more than one) shall
mean only those individuals or entities that execute this Acknowledgment.

     The obligations of Key Principal shall be performed without demand by Lender and shall be
unconditional irrespective of the genuineness, validity, or enforceability of the Note, or any
other Loan Document, and without regard to any other circumstance that might otherwise constitute a
legal or equitable discharge of a surety or a guarantor. Key Principal hereby waives the benefit
of all principles or provisions of law, which are or might be in conflict with the terms of this
Acknowledgment, and agrees that Key Principal’s obligations shall not be affected by any
circumstances that might otherwise constitute a legal or equitable discharge of a surety or a
guarantor. Key Principal hereby waives the benefits of any right of discharge and all other rights
under any and all statutes or other laws relating to guarantors or sureties, to the fullest extent
permitted by law, diligence in collecting the Indebtedness, presentment, demand for payment,
protest, all notices with respect to the Note including this Acknowledgment, which may be required
by statute, rule of law or otherwise to preserve Lender’s rights against Key Principal under this
Acknowledgment, including notice of acceptance, notice of any amendment of the Loan Documents,
notice of the occurrence of any default or Event of Default, notice of intent to accelerate, notice
of acceleration, notice of dishonor, notice of foreclosure, notice of protest, notice of the
incurring by Borrower of any obligation or indebtedness and all rights to require Lender to (a)
proceed against Borrower, (b) proceed against any general partner of Borrower, (c) proceed against
or exhaust any collateral held by Lender to secure the repayment of the Indebtedness, or (d) if
Borrower is a partnership, pursue any other remedy it may have against Borrower, or any general
partner of Borrower.

     At any time without notice to Key Principal, and without affecting the liability of Key
Principal hereunder, (a) the time for payment of the principal of or interest on the Indebtedness
may be extended or the Indebtedness may be renewed in whole or in part; (b) the time for Borrower’s
performance of or compliance with any covenant or agreement contained in the Note, or any other
Loan Document, whether presently existing or hereinafter entered into, may be extended or such
performance or compliance may be waived; (c) the maturity of the Indebtedness may be accelerated as
provided in the Note or any other Loan Document; (d) the Note or any other Loan Document may be
modified or amended by Lender and Borrower in any respect, including an increase in the principal
amount; and (e) any security for the Indebtedness

FANNIE MAE MULTIFAMILY DMBS NOTE

©2003 Fannie Mae

Page 13

 

may be modified, exchanged, surrendered or otherwise dealt with or additional security may be
pledged or mortgaged for the Indebtedness.

     Key Principal acknowledges that Key Principal has received a copy of the Note and all other
Loan Documents. Neither this Acknowledgment nor any of its provisions may be waived, modified,
amended, discharged, or terminated except by an agreement in writing signed by the party against
which the enforcement of the waiver, modification, amendment, discharge, or termination is sought,
and then only to the extent set forth in that agreement. Key Principal agrees to notify Lender (in
the manner for giving notices provided in Section 31 of the Security Instrument) of any change of
Key Principal’s address within 10 Business Days after such change of address occurs. Any notices
to Key Principal shall be given in the manner provided in Section 31 of the Security Instrument.
Key Principal agrees to be bound by Paragraphs 22 and 23 of the Note.

     THIS ACKNOWLEDGMENT IS AN INSTRUMENT SEPARATE FROM, AND NOT A PART OF, THE NOTE. BY SIGNING
THIS ACKNOWLEDGMENT, KEY PRINCIPAL DOES NOT INTEND TO BECOME AN ACCOMMODATION PARTY TO, OR AN
ENDORSER OF, THE NOTE.

FANNIE MAE MULTIFAMILY DMBS NOTE

©2003 Fannie Mae

Page 14

 

     IN WITNESS WHEREOF, Key Principal has signed and delivered this Acknowledgment or has caused
this Acknowledgment to be signed and delivered by its duly authorized representative.

	 	 	 	 	 
	 	 	KEY PRINCIPAL:
	 
	 	 	 	 
	 	 	SUNRISE SENIOR LIVING, INC., a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Lisa Mayr
	 

	 	 	 	 
	 	 	 	 	Lisa Mayr
	 	 	 	 	Treasurer
	 
	 	 	 	 
	 

	 	Address:
	 	7902 Westpark Drive
	 

	 	 	 	McLean, Virginia 22102
	 
	 	 	 	 
	 	 	Employer ID No.: 54-1746596

FANNIE MAE MULTIFAMILY DMBS NOTE

©2003 Fannie Mae

Page 15

 

SCHEDULE A

PREPAYMENT PREMIUM

     Any prepayment premium payable under Section 12 of this Note shall be computed as follows:

Borrower shall have no right to make a voluntary prepayment of this Note, in whole or in
part, during the Prepayment Lockout Period. At any time after the Prepayment Lockout
Period, if the Prepayment Date occurs at any time before the last calendar day of the
fourth (4th) month prior to the month in which the Maturity Date occurs, the
prepayment premium shall be 1% of the amount of principal being prepaid.

Notwithstanding the provisions of paragraph 12(b) of this Note, no prepayment premium shall
be payable if the Prepayment Date occurs on or after the last calendar day of the
fourth (4th) month prior to the month in which the Maturity Date occurs.

For purposes of Schedule A, the “Prepayment Date” shall be (x) in the case of a voluntary
prepayment, the date on which the prepayment is made, and (y) in any other case, the date on which
Lender accelerates the unpaid principal balance of this Note.

FANNIE MAE MULTIFAMILY DMBS NOTE

©2003 Fannie Mae

Page A-1

 

SCHEDULE B

MODIFICATIONS TO MULTIFAMILY NOTE

          (Seniors Housing)

          The following modifications are made to the text of the Note that precedes this Schedule:

	 	1.	 	Section 11(b)(3) of the Note is hereby amended to read as follows:
	 
	 	 	 	“Failure of Borrower to comply with Sections 14(d), 14(e), or 14(g) of the
Instrument relating to the delivery of books and records, statements, schedules, and
reports.”
	 
	 	2.	 	Section 11(b) of the Note is hereby amended to delete the word “or” immediately
preceding paragraph (5) thereof and to insert a semi-colon in lieu of the period and
the word “or”, and add the following paragraph (6) at the end thereof:
	 
	 	 	 	“or (6) Borrower’s failure to cause the renewal, continuation, extension or
maintenance of all Licenses required to legally operate the Mortgaged Property as a
Seniors Housing Facility, as defined in the Instrument.”
	 
	 	3.	 	All capitalized terms used in this Schedule not specifically defined herein shall have the
meanings set forth in the text of the Note that precedes this Schedule.

					
	 	 	 	 	 
	Seniors Housing Modifications to Note
	 	Form 4186

10-04
	 	© 2000-2004 Fannie Mae

Page B-1

 

SCHEDULE B

MODIFICATIONS TO MULTIFAMILY NOTE

(Aggregate Loan Amount)

The following modifications are made to the text of the Note that precedes this Schedule:

	1.	 	The Note is modified by adding the following new Paragraph 25:

     25. Aggregate Loan Amount.

     (a) The entity that owns a Controlling Interest (as defined in the Security Instrument) in
Borrower owns a Controlling Interest in the following borrower parties (each a “Related Borrower
Party” and collectively, the “Related Borrower Parties”):

Karrington of Albuquerque Ltd.

Karrington of Colorado Springs Ltd.

Karrington of Englewood Ltd.

Karrington of Kenwood Ltd.

Karrington of Oakwood Ltd. Liability Co.

Sunrise Ann Arbor Assisted Living, L.L.C.

Sunrise Augusta Assisted Living Limited Partnership

Sunrise Fairfax Assisted Living, L.L.C.

Sunrise Fall Creek Assisted Living, L.L.C.

Sunrise Fort Wayne Assisted Living, L.L.C.

Sunrise Monroeville Assisted Living, L.L.C.

Sunrise South Charlotte NC Senior Living, LLC

Sunrise Virginia Beach Estates, LLC.

Sunrise West Hartford Assisted Living, L.L.C.

Sunrise Willow Lake Assisted Living, L.L.C.

Sunrise Wooster Assisted Living, L.L.C.

     (b) Simultaneously with Lender making the loan evidenced by this Note (the “Loan”), Lender is
making individual variable rate loans to each of the Related Borrower Parties (collectively, the
“Related Variable Loans”), each evidenced by a Discount MBS Multifamily Note of even date herewith
(collectively, the “Related Variable Notes”).

     (c) At such time the outstanding aggregate principal amount of the Loan and the Related
Variable Loans (the “Aggregate Principal Amount”) is more than $0 but less than $25,000,000,
Borrower shall, within three (3) months of the date on which the Aggregate Principal Amount falls
below $25,000,000.00, at its option, (i) repay in full the Loan, together with any prepayment
premiums and other amounts due under this Note and the Loan Documents on the next maturity date of
the then outstanding DMBS or (ii) request that this Note be converted to a fixed rate note pursuant
to Paragraph 4(e) of this Note, in which event the interest on this Note shall convert to fixed
rate in accordance with Paragraph 4(e) provided that the Note meets the conditions for conversion.
If this Note has converted from a variable rate loan to a

Modifications to Note

Page B-2

 

fixed rate loan in accordance with Paragraph 4(e) of this Note, the outstanding principal
amount of this Note shall not be included when calculating the Aggregate Principal Amount.

2. All capitalized terms used in this Schedule not specifically defined herein shall have the
meanings set forth in the text of the Note that precedes this Schedule.

Modifications to Note

Page B-3

 

SCHEDULE B

MODIFICATIONS TO MULTIFAMILY NOTE

(Modification to Acknowledgement and Agreement of Key Principal to Personal Liability for

Exceptions to Non-Recourse Liability)

          The following modifications are made to the text of the Note that precedes this Schedule:

          1. The Acknowledgement and Agreement of Key Principal to Personal Liability for Exceptions to
Non-Recourse Liability is amended by adding the following covenant immediately before the last
paragraph:

          “Key Principal agrees and covenants with Lender that Key Principal shall at all times maintain
(i) cash and Cash Equivalents (as defined in the Security Instrument) of not less than
$25,000,000.00 and (ii) its Net Worth (as defined in the Security Instrument) so that it is not
less than $100,000,000.00.”

Modifications to Note

Page B-4

 

SCHEDULE C

PRINCIPAL AMORTIZATION SCHEDULE

CAPMARK FINANCE INC.

AMORTIZATION SCHEDULE (Actual/360)

	 	 	 
	BORROWER:
	 	 
	PROPERTY:

	 	 Sunrise of Fall Creek
	PAYMENT:

	 	 $62,758.53 
	INTEREST RATE:

	 	 5.920% 
	BEGINNING BAL:

	 	 $10,558,000
	AMORTIZATION:

	 	 360 
	MATURITY:

	 	 6/1/2038 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Anticipated	 	Payment Due	 	 	 	 	 	 	 	 
	Closing Date	 	Date	 	 	 	Interest	 	Principal	 	Principal Balance
	 	6/1/2008	 	 	 
	 	 	30	 	 	 	7/1/2008	 	 	$	62,758.53	 	 	$	52,086.13	 	 	$	10,672.40	 	 	$	10,547,327.60	 
	 	7/1/2008	 	 	 
	 	 	31	 	 	 	8/1/2008	 	 	$	62,758.53	 	 	$	53,767.93	 	 	$	8,990.60	 	 	$	10,538,337.00	 
	 	8/1/2008	 	 	 
	 	 	30	 	 	 	9/1/2008	 	 	$	62,758.53	 	 	$	51,989.13	 	 	$	10,769.40	 	 	$	10,527,567.59	 
	 	9/1/2008	 	 	 
	 	 	31	 	 	 	10/1/2008	 	 	$	62,758.53	 	 	$	53,667.20	 	 	$	9,091.33	 	 	$	10,518,476.26	 
	 	10/1/2008	 	 	 
	 	 	31	 	 	 	11/1/2008	 	 	$	62,758.53	 	 	$	53,620.85	 	 	$	9,137.68	 	 	$	10,509,338.58	 
	 	11/1/2008	 	 	 
	 	 	30	 	 	 	12/1/2008	 	 	$	62,758.53	 	 	$	51,846.07	 	 	$	10,912.46	 	 	$	10,498,426.12	 
	 	12/1/2008	 	 	 
	 	 	31	 	 	 	1/1/2009	 	 	$	62,758.53	 	 	$	53,518.64	 	 	$	9,239.89	 	 	$	10,489,186.23	 
	 	1/1/2009	 	 	 
	 	 	30	 	 	 	2/1/2009	 	 	$	62,758.53	 	 	$	51,746.65	 	 	$	11,011.88	 	 	$	10,478,174.35	 
	 	2/1/2009	 	 	 
	 	 	31	 	 	 	3/1/2009	 	 	$	62,758.53	 	 	$	53,415.40	 	 	$	9,343.13	 	 	$	10,468,831.22	 
	 	3/1/2009	 	 	 
	 	 	31	 	 	 	4/1/2009	 	 	$	62,758.53	 	 	$	53,367.78	 	 	$	9,390.76	 	 	$	10,459,440.46	 
	 	4/1/2009	 	 	 
	 	 	28	 	 	 	5/1/2009	 	 	$	62,758.53	 	 	$	48,159.91	 	 	$	14,598.62	 	 	$	10,444,841.84	 
	 	5/1/2009	 	 	 
	 	 	31	 	 	 	6/1/2009	 	 	$	62,758.53	 	 	$	53,245.48	 	 	$	9,513.05	 	 	$	10,435,328.78	 
	 	6/1/2009	 	 	 
	 	 	30	 	 	 	7/1/2009	 	 	$	62,758.53	 	 	$	51,480.96	 	 	$	11,277.58	 	 	$	10,424,051.21	 
	 	7/1/2009	 	 	 
	 	 	31	 	 	 	8/1/2009	 	 	$	62,758.53	 	 	$	53,139.50	 	 	$	9,619.04	 	 	$	10,414,432.17	 
	 	8/1/2009	 	 	 
	 	 	30	 	 	 	9/1/2009	 	 	$	62,758.53	 	 	$	51,377.87	 	 	$	11,380.67	 	 	$	10,403,051.50	 
	 	9/1/2009	 	 	 
	 	 	31	 	 	 	10/1/2009	 	 	$	62,758.53	 	 	$	53,032.44	 	 	$	9,726.09	 	 	$	10,393,325.41	 
	 	10/1/2009	 	 	 
	 	 	31	 	 	 	11/1/2009	 	 	$	62,758.53	 	 	$	52,982.86	 	 	$	9,775.67	 	 	$	10,383,549.74	 
	 	11/1/2009	 	 	 
	 	 	30	 	 	 	12/1/2009	 	 	$	62,758.53	 	 	$	51,225.51	 	 	$	11,533.02	 	 	$	10,372,016.72	 
	 	12/1/2009	 	 	 
	 	 	31	 	 	 	1/1/2010	 	 	$	62,758.53	 	 	$	52,874.24	 	 	$	9,884.30	 	 	$	10,362,132.42	 
	 	1/1/2010	 	 	 
	 	 	30	 	 	 	2/1/2010	 	 	$	62,758.53	 	 	$	51,119.85	 	 	$	11,638.68	 	 	$	10,350,493.74	 
	 	2/1/2010	 	 	 
	 	 	31	 	 	 	3/1/2010	 	 	$	62,758.53	 	 	$	52,764.52	 	 	$	9,994.02	 	 	$	10,340,499.72	 
	 	3/1/2010	 	 	 
	 	 	31	 	 	 	4/1/2010	 	 	$	62,758.53	 	 	$	52,713.57	 	 	$	10,044.96	 	 	$	10,330,454.76	 
	 	4/1/2010	 	 	 
	 	 	28	 	 	 	5/1/2010	 	 	$	62,758.53	 	 	$	47,566.01	 	 	$	15,192.53	 	 	$	10,315,262.23	 
	 	5/1/2010	 	 	 
	 	 	31	 	 	 	6/1/2010	 	 	$	62,758.53	 	 	$	52,584.91	 	 	$	10,173.62	 	 	$	10,305,088.61	 
	 	6/1/2010	 	 	 
	 	 	30	 	 	 	7/1/2010	 	 	$	62,758.53	 	 	$	50,838.44	 	 	$	11,920.10	 	 	$	10,293,168.52	 
	 	7/1/2010	 	 	 
	 	 	31	 	 	 	8/1/2010	 	 	$	62,758.53	 	 	$	52,472.29	 	 	$	10,286.25	 	 	$	10,282,882.27	 
	 	8/1/2010	 	 	 
	 	 	30	 	 	 	9/1/2010	 	 	$	62,758.53	 	 	$	50,728.89	 	 	$	12,029.65	 	 	$	10,270,852.62	 
	 	9/1/2010	 	 	 
	 	 	31	 	 	 	10/1/2010	 	 	$	62,758.53	 	 	$	52,358.52	 	 	$	10,400.01	 	 	$	10,260,452.61	 

			
	 	 	 
	FANNIE MAE MULTIFAMILY DMBS NOTE	 	 
	©2003 Fannie Mae
	 	Page C-1          

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Anticipated	 	Payment Due	 	 	 	 	 	 	 	 
	Closing Date	 	Date	 	 	 	Interest	 	Principal	 	Principal Balance
	 	10/1/2010	 	 	 
	 	 	31	 	 	 	11/1/2010	 	 	$	62,758.53	 	 	$	52,305.51	 	 	$	10,453.03	 	 	$	10,249,999.58	 
	 	11/1/2010	 	 	 
	 	 	30	 	 	 	12/1/2010	 	 	$	62,758.53	 	 	$	50,566.66	 	 	$	12,191.87	 	 	$	10,237,807.72	 
	 	12/1/2010	 	 	 
	 	 	31	 	 	 	1/1/2011	 	 	$	62,758.53	 	 	$	52,190.07	 	 	$	10,568.47	 	 	$	10,227,239.25	 
	 	1/1/2011	 	 	 
	 	 	30	 	 	 	2/1/2011	 	 	$	62,758.53	 	 	$	50,454.38	 	 	$	12,304.15	 	 	$	10,214,935.10	 
	 	2/1/2011	 	 	 
	 	 	31	 	 	 	3/1/2011	 	 	$	62,758.53	 	 	$	52,073.47	 	 	$	10,685.06	 	 	$	10,204,250.03	 
	 	3/1/2011	 	 	 
	 	 	31	 	 	 	4/1/2011	 	 	$	62,758.53	 	 	$	52,019.00	 	 	$	10,739.53	 	 	$	10,193,510.50	 
	 	4/1/2011	 	 	 
	 	 	28	 	 	 	5/1/2011	 	 	$	62,758.53	 	 	$	46,935.45	 	 	$	15,823.08	 	 	$	10,177,687.42	 
	 	5/1/2011	 	 	 
	 	 	31	 	 	 	6/1/2011	 	 	$	62,758.53	 	 	$	51,883.59	 	 	$	10,874.95	 	 	$	10,166,812.47	 
	 	6/1/2011	 	 	 
	 	 	30	 	 	 	7/1/2011	 	 	$	62,758.53	 	 	$	50,156.27	 	 	$	12,602.26	 	 	$	10,154,210.21	 
	 	7/1/2011	 	 	 
	 	 	31	 	 	 	8/1/2011	 	 	$	62,758.53	 	 	$	51,763.91	 	 	$	10,994.63	 	 	$	10,143,215.59	 
	 	8/1/2011	 	 	 
	 	 	30	 	 	 	9/1/2011	 	 	$	62,758.53	 	 	$	50,039.86	 	 	$	12,718.67	 	 	$	10,130,496.92	 
	 	9/1/2011	 	 	 
	 	 	31	 	 	 	10/1/2011	 	 	$	62,758.53	 	 	$	51,643.02	 	 	$	11,115.51	 	 	$	10,119,381.40	 
	 	10/1/2011	 	 	 
	 	 	31	 	 	 	11/1/2011	 	 	$	62,758.53	 	 	$	51,586.36	 	 	$	11,172.18	 	 	$	10,108,209.23	 
	 	11/1/2011	 	 	 
	 	 	30	 	 	 	12/1/2011	 	 	$	62,758.53	 	 	$	49,867.17	 	 	$	12,891.37	 	 	$	10,095,317.86	 
	 	12/1/2011	 	 	 
	 	 	31	 	 	 	1/1/2012	 	 	$	62,758.53	 	 	$	51,463.69	 	 	$	11,294.85	 	 	$	10,084,023.01	 
	 	1/1/2012	 	 	 
	 	 	30	 	 	 	2/1/2012	 	 	$	62,758.53	 	 	$	49,747.85	 	 	$	13,010.69	 	 	$	10,071,012.33	 
	 	2/1/2012	 	 	 
	 	 	31	 	 	 	3/1/2012	 	 	$	62,758.53	 	 	$	51,339.78	 	 	$	11,418.75	 	 	$	10,059,593.57	 
	 	3/1/2012	 	 	 
	 	 	31	 	 	 	4/1/2012	 	 	$	62,758.53	 	 	$	51,281.57	 	 	$	11,476.96	 	 	$	10,048,116.61	 
	 	4/1/2012	 	 	 
	 	 	29	 	 	 	5/1/2012	 	 	$	62,758.53	 	 	$	47,918.35	 	 	$	14,840.18	 	 	$	10,033,276.43	 
	 	5/1/2012	 	 	 
	 	 	31	 	 	 	6/1/2012	 	 	$	62,758.53	 	 	$	51,147.41	 	 	$	11,611.12	 	 	$	10,021,665.31	 
	 	6/1/2012	 	 	 
	 	 	30	 	 	 	7/1/2012	 	 	$	62,758.53	 	 	$	49,440.22	 	 	$	13,318.32	 	 	$	10,008,346.99	 
	 	7/1/2012	 	 	 
	 	 	31	 	 	 	8/1/2012	 	 	$	62,758.53	 	 	$	51,020.33	 	 	$	11,738.20	 	 	$	9,996,608.79	 
	 	8/1/2012	 	 	 
	 	 	30	 	 	 	9/1/2012	 	 	$	62,758.53	 	 	$	49,316.60	 	 	$	13,441.93	 	 	$	9,983,166.86	 
	 	9/1/2012	 	 	 
	 	 	31	 	 	 	10/1/2012	 	 	$	62,758.53	 	 	$	50,891.97	 	 	$	11,866.57	 	 	$	9,971,300.29	 
	 	10/1/2012	 	 	 
	 	 	31	 	 	 	11/1/2012	 	 	$	62,758.53	 	 	$	50,831.47	 	 	$	11,927.06	 	 	$	9,959,373.23	 
	 	11/1/2012	 	 	 
	 	 	30	 	 	 	12/1/2012	 	 	$	62,758.53	 	 	$	49,132.91	 	 	$	13,625.63	 	 	$	9,945,747.60	 
	 	12/1/2012	 	 	 
	 	 	31	 	 	 	1/1/2013	 	 	$	62,758.53	 	 	$	50,701.21	 	 	$	12,057.32	 	 	$	9,933,690.28	 
	 	1/1/2013	 	 	 
	 	 	30	 	 	 	2/1/2013	 	 	$	62,758.53	 	 	$	49,006.21	 	 	$	13,752.33	 	 	$	9,919,937.95	 
	 	2/1/2013	 	 	 
	 	 	31	 	 	 	3/1/2013	 	 	$	62,758.53	 	 	$	50,569.64	 	 	$	12,188.89	 	 	$	9,907,749.06	 
	 	3/1/2013	 	 	 
	 	 	31	 	 	 	4/1/2013	 	 	$	62,758.53	 	 	$	50,507.50	 	 	$	12,251.03	 	 	$	9,895,498.03	 
	 	4/1/2013	 	 	 
	 	 	28	 	 	 	5/1/2013	 	 	$	62,758.53	 	 	$	45,563.27	 	 	$	17,195.26	 	 	$	9,878,302.76	 
	 	5/1/2013	 	 	 
	 	 	31	 	 	 	6/1/2013	 	 	$	62,758.53	 	 	$	50,357.39	 	 	$	12,401.14	 	 	$	9,865,901.62	 
	 	6/1/2013	 	 	 
	 	 	30	 	 	 	7/1/2013	 	 	$	62,758.53	 	 	$	48,671.78	 	 	$	14,086.75	 	 	$	9,851,814.87	 
	 	7/1/2013	 	 	 
	 	 	31	 	 	 	8/1/2013	 	 	$	62,758.53	 	 	$	50,222.36	 	 	$	12,536.17	 	 	$	9,839,278.70	 
	 	8/1/2013	 	 	 
	 	 	30	 	 	 	9/1/2013	 	 	$	62,758.53	 	 	$	48,540.44	 	 	$	14,218.09	 	 	$	9,825,060.61	 
	 	9/1/2013	 	 	 
	 	 	31	 	 	 	10/1/2013	 	 	$	62,758.53	 	 	$	50,085.98	 	 	$	12,672.56	 	 	$	9,812,388.05	 
	 	10/1/2013	 	 	 
	 	 	31	 	 	 	11/1/2013	 	 	$	62,758.53	 	 	$	50,021.37	 	 	$	12,737.16	 	 	$	9,799,650.89	 
	 	11/1/2013	 	 	 
	 	 	30	 	 	 	12/1/2013	 	 	$	62,758.53	 	 	$	48,344.94	 	 	$	14,413.59	 	 	$	9,785,237.30	 
	 	12/1/2013	 	 	 
	 	 	31	 	 	 	1/1/2014	 	 	$	62,758.53	 	 	$	49,882.97	 	 	$	12,875.57	 	 	$	9,772,361.73	 
	 	1/1/2014	 	 	 
	 	 	30	 	 	 	2/1/2014	 	 	$	62,758.53	 	 	$	48,210.32	 	 	$	14,548.22	 	 	$	9,757,813.52	 
	 	2/1/2014	 	 	 
	 	 	31	 	 	 	3/1/2014	 	 	$	62,758.53	 	 	$	49,743.16	 	 	$	13,015.37	 	 	$	9,744,798.15	 
	 	3/1/2014	 	 	 
	 	 	31	 	 	 	4/1/2014	 	 	$	62,758.53	 	 	$	49,676.82	 	 	$	13,081.72	 	 	$	9,731,716.43	 
	 	4/1/2014	 	 	 
	 	 	28	 	 	 	5/1/2014	 	 	$	62,758.53	 	 	$	44,809.15	 	 	$	17,949.39	 	 	$	9,713,767.04	 
	 	5/1/2014	 	 	 
	 	 	31	 	 	 	6/1/2014	 	 	$	62,758.53	 	 	$	49,518.63	 	 	$	13,239.91	 	 	$	9,700,527.13	 
	 	6/1/2014	 	 	 
	 	 	30	 	 	 	7/1/2014	 	 	$	62,758.53	 	 	$	47,855.93	 	 	$	14,902.60	 	 	$	9,685,624.53	 
	 	7/1/2014	 	 	 
	 	 	31	 	 	 	8/1/2014	 	 	$	62,758.53	 	 	$	49,375.16	 	 	$	13,383.37	 	 	$	9,672,241.16	 
	 	8/1/2014	 	 	 
	 	 	30	 	 	 	9/1/2014	 	 	$	62,758.53	 	 	$	47,716.39	 	 	$	15,042.14	 	 	$	9,657,199.02	 

			
	 	 	 
	FANNIE MAE MULTIFAMILY DMBS NOTE	 	 
	©2003 Fannie Mae
	 	Page C-2          

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Anticipated	 	Payment Due	 	 	 	 	 	 	 	 
	Closing Date	 	Date	 	 	 	Interest	 	Principal	 	Principal Balance
	 	9/1/2014	 	 	 
	 	 	31	 	 	 	10/1/2014	 	 	$	62,758.53	 	 	$	49,230.25	 	 	$	13,528.28	 	 	$	9,643,670.74	 
	 	10/1/2014	 	 	 
	 	 	31	 	 	 	11/1/2014	 	 	$	62,758.53	 	 	$	49,161.29	 	 	$	13,597.24	 	 	$	9,630,073.50	 
	 	11/1/2014	 	 	 
	 	 	30	 	 	 	12/1/2014	 	 	$	62,758.53	 	 	$	47,508.36	 	 	$	15,250.17	 	 	$	9,614,823.32	 
	 	12/1/2014	 	 	 
	 	 	31	 	 	 	1/1/2015	 	 	$	62,758.53	 	 	$	49,014.23	 	 	$	13,744.30	 	 	$	9,601,079.02	 
	 	1/1/2015	 	 	 
	 	 	30	 	 	 	2/1/2015	 	 	$	62,758.53	 	 	$	47,365.32	 	 	$	15,393.21	 	 	$	9,585,685.81	 
	 	2/1/2015	 	 	 
	 	 	31	 	 	 	3/1/2015	 	 	$	62,758.53	 	 	$	48,865.70	 	 	$	13,892.84	 	 	$	9,571,792.98	 
	 	3/1/2015	 	 	 
	 	 	31	 	 	 	4/1/2015	 	 	$	62,758.53	 	 	$	48,794.87	 	 	$	13,963.66	 	 	$	9,557,829.31	 
	 	4/1/2015	 	 	 
	 	 	28	 	 	 	5/1/2015	 	 	$	62,758.53	 	 	$	44,008.49	 	 	$	18,750.04	 	 	$	9,539,079.28	 
	 	5/1/2015	 	 	 
	 	 	31	 	 	 	6/1/2015	 	 	$	62,758.53	 	 	$	48,628.11	 	 	$	14,130.43	 	 	$	9,524,948.85	 
	 	6/1/2015	 	 	 
	 	 	30	 	 	 	7/1/2015	 	 	$	62,758.53	 	 	$	46,989.75	 	 	$	15,768.79	 	 	$	9,509,180.06	 
	 	7/1/2015	 	 	 
	 	 	31	 	 	 	8/1/2015	 	 	$	62,758.53	 	 	$	48,475.69	 	 	$	14,282.85	 	 	$	9,494,897.21	 
	 	8/1/2015	 	 	 
	 	 	30	 	 	 	9/1/2015	 	 	$	62,758.53	 	 	$	46,841.49	 	 	$	15,917.04	 	 	$	9,478,980.17	 
	 	9/1/2015	 	 	 
	 	 	31	 	 	 	10/1/2015	 	 	$	62,758.53	 	 	$	48,321.73	 	 	$	14,436.80	 	 	$	9,464,543.37	 
	 	10/1/2015	 	 	 
	 	 	31	 	 	 	11/1/2015	 	 	$	62,758.53	 	 	$	48,248.14	 	 	$	14,510.39	 	 	$	9,450,032.98	 
	 	11/1/2015	 	 	 
	 	 	30	 	 	 	12/1/2015	 	 	$	62,758.53	 	 	$	46,620.16	 	 	$	16,138.37	 	 	$	9,433,894.61	 
	 	12/1/2015	 	 	 
	 	 	31	 	 	 	1/1/2016	 	 	$	62,758.53	 	 	$	48,091.90	 	 	$	14,666.64	 	 	$	9,419,227.97	 
	 	1/1/2016	 	 	 
	 	 	30	 	 	 	2/1/2016	 	 	$	62,758.53	 	 	$	46,468.19	 	 	$	16,290.34	 	 	$	9,402,937.63	 
	 	2/1/2016	 	 	 
	 	 	31	 	 	 	3/1/2016	 	 	$	62,758.53	 	 	$	47,934.09	 	 	$	14,824.45	 	 	$	9,388,113.18	 
	 	3/1/2016	 	 	 
	 	 	31	 	 	 	4/1/2016	 	 	$	62,758.53	 	 	$	47,858.51	 	 	$	14,900.02	 	 	$	9,373,213.16	 
	 	4/1/2016	 	 	 
	 	 	29	 	 	 	5/1/2016	 	 	$	62,758.53	 	 	$	44,699.81	 	 	$	18,058.72	 	 	$	9,355,154.44	 
	 	5/1/2016	 	 	 
	 	 	31	 	 	 	6/1/2016	 	 	$	62,758.53	 	 	$	47,690.50	 	 	$	15,068.04	 	 	$	9,340,086.41	 
	 	6/1/2016	 	 	 
	 	 	30	 	 	 	7/1/2016	 	 	$	62,758.53	 	 	$	46,077.76	 	 	$	16,680.77	 	 	$	9,323,405.63	 
	 	7/1/2016	 	 	 
	 	 	31	 	 	 	8/1/2016	 	 	$	62,758.53	 	 	$	47,528.65	 	 	$	15,229.88	 	 	$	9,308,175.75	 
	 	8/1/2016	 	 	 
	 	 	30	 	 	 	9/1/2016	 	 	$	62,758.53	 	 	$	45,920.33	 	 	$	16,838.20	 	 	$	9,291,337.55	 
	 	9/1/2016	 	 	 
	 	 	31	 	 	 	10/1/2016	 	 	$	62,758.53	 	 	$	47,365.17	 	 	$	15,393.36	 	 	$	9,275,944.19	 
	 	10/1/2016	 	 	 
	 	 	31	 	 	 	11/1/2016	 	 	$	62,758.53	 	 	$	47,286.70	 	 	$	15,471.83	 	 	$	9,260,472.36	 
	 	11/1/2016	 	 	 
	 	 	30	 	 	 	12/1/2016	 	 	$	62,758.53	 	 	$	45,685.00	 	 	$	17,073.54	 	 	$	9,243,398.82	 
	 	12/1/2016	 	 	 
	 	 	31	 	 	 	1/1/2017	 	 	$	62,758.53	 	 	$	47,120.79	 	 	$	15,637.74	 	 	$	9,227,761.08	 
	 	1/1/2017	 	 	 
	 	 	30	 	 	 	2/1/2017	 	 	$	62,758.53	 	 	$	45,523.62	 	 	$	17,234.91	 	 	$	9,210,526.17	 
	 	2/1/2017	 	 	 
	 	 	31	 	 	 	3/1/2017	 	 	$	62,758.53	 	 	$	46,953.22	 	 	$	15,805.32	 	 	$	9,194,720.85	 
	 	3/1/2017	 	 	 
	 	 	31	 	 	 	4/1/2017	 	 	$	62,758.53	 	 	$	46,872.64	 	 	$	15,885.89	 	 	$	9,178,834.96	 
	 	4/1/2017	 	 	 
	 	 	28	 	 	 	5/1/2017	 	 	$	62,758.53	 	 	$	42,263.44	 	 	$	20,495.10	 	 	$	9,158,339.86	 
	 	5/1/2017	 	 	 
	 	 	31	 	 	 	6/1/2017	 	 	$	62,758.53	 	 	$	46,687.18	 	 	$	16,071.35	 	 	$	9,142,268.51	 
	 	6/1/2017	 	 	 
	 	 	30	 	 	 	7/1/2017	 	 	$	62,758.53	 	 	$	45,101.86	 	 	$	17,656.68	 	 	$	9,124,611.83	 
	 	7/1/2017	 	 	 
	 	 	31	 	 	 	8/1/2017	 	 	$	62,758.53	 	 	$	46,515.24	 	 	$	16,243.29	 	 	$	9,108,368.54	 
	 	8/1/2017	 	 	 
	 	 	30	 	 	 	9/1/2017	 	 	$	62,758.53	 	 	$	44,934.62	 	 	$	17,823.92	 	 	$	9,090,544.63	 
	 	9/1/2017	 	 	 
	 	 	31	 	 	 	10/1/2017	 	 	$	62,758.53	 	 	$	46,341.58	 	 	$	16,416.96	 	 	$	9,074,127.67	 
	 	10/1/2017	 	 	 
	 	 	31	 	 	 	11/1/2017	 	 	$	62,758.53	 	 	$	46,257.89	 	 	$	16,500.65	 	 	$	9,057,627.02	 
	 	11/1/2017	 	 	 
	 	 	30	 	 	 	12/1/2017	 	 	$	62,758.53	 	 	$	44,684.29	 	 	$	18,074.24	 	 	$	9,039,552.78	 
	 	12/1/2017	 	 	 
	 	 	31	 	 	 	1/1/2018	 	 	$	62,758.53	 	 	$	46,081.63	 	 	$	16,676.90	 	 	$	9,022,875.88	 
	 	1/1/2018	 	 	 
	 	 	30	 	 	 	2/1/2018	 	 	$	62,758.53	 	 	$	44,512.85	 	 	$	18,245.68	 	 	$	9,004,630.20	 
	 	2/1/2018	 	 	 
	 	 	31	 	 	 	3/1/2018	 	 	$	62,758.53	 	 	$	45,903.60	 	 	$	16,854.93	 	 	$	8,987,775.27	 
	 	3/1/2018	 	 	 
	 	 	31	 	 	 	4/1/2018	 	 	$	62,758.53	 	 	$	45,817.68	 	 	$	16,940.85	 	 	$	8,970,834.42	 
	 	4/1/2018	 	 	 
	 	 	28	 	 	 	5/1/2018	 	 	$	62,758.53	 	 	$	41,305.71	 	 	$	21,452.83	 	 	$	8,949,381.59	 
	 	5/1/2018	 	 	 
	 	 	31	 	 	 	6/1/2018	 	 	$	62,758.53	 	 	$	45,621.96	 	 	$	17,136.58	 	 	$	8,932,245.02	 
	 	6/1/2018	 	 	 
	 	 	30	 	 	 	7/1/2018	 	 	$	62,758.53	 	 	$	44,065.74	 	 	$	18,692.79	 	 	$	8,913,552.23	 
	 	7/1/2018	 	 	 
	 	 	31	 	 	 	8/1/2018	 	 	$	62,758.53	 	 	$	45,439.31	 	 	$	17,319.23	 	 	$	8,896,233.00	 

			
	 	 	 
	FANNIE MAE MULTIFAMILY DMBS NOTE	 	 
	©2003 Fannie Mae
	 	Page C-3          

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Anticipated	 	Payment Due	 	 	 	 	 	 	 	 
	Closing Date	 	Date	 	 	 	Interest	 	Principal	 	Principal Balance
	 	8/1/2018	 	 	 
	 	 	30	 	 	 	9/1/2018	 	 	$	62,758.53	 	 	$	43,888.08	 	 	$	18,870.45	 	 	$	8,877,362.55	 
	 	9/1/2018	 	 	 
	 	 	31	 	 	 	10/1/2018	 	 	$	62,758.53	 	 	$	45,254.82	 	 	$	17,503.71	 	 	$	8,859,858.84	 
	 	10/1/2018	 	 	 
	 	 	31	 	 	 	11/1/2018	 	 	$	62,758.53	 	 	$	45,165.59	 	 	$	17,592.94	 	 	$	8,842,265.90	 
	 	11/1/2018	 	 	 
	 	 	30	 	 	 	12/1/2018	 	 	$	62,758.53	 	 	$	43,621.85	 	 	$	19,136.69	 	 	$	8,823,129.21	 
	 	12/1/2018	 	 	 
	 	 	31	 	 	 	1/1/2019	 	 	$	62,758.53	 	 	$	44,978.35	 	 	$	17,780.18	 	 	$	8,805,349.03	 
	 	1/1/2019	 	 	 
	 	 	30	 	 	 	2/1/2019	 	 	$	62,758.53	 	 	$	43,439.72	 	 	$	19,318.81	 	 	$	8,786,030.21	 
	 	2/1/2019	 	 	 
	 	 	31	 	 	 	3/1/2019	 	 	$	62,758.53	 	 	$	44,789.23	 	 	$	17,969.30	 	 	$	8,768,060.91	 
	 	3/1/2019	 	 	 
	 	 	31	 	 	 	4/1/2019	 	 	$	62,758.53	 	 	$	44,697.63	 	 	$	18,060.91	 	 	$	8,750,000.00	 
	 	4/1/2019	 	 	 
	 	 	28	 	 	 	5/1/2019	 	 	$	62,758.53	 	 	$	40,288.89	 	 	$	22,469.64	 	 	$	8,727,530.36	 
	 	5/1/2019	 	 	 
	 	 	31	 	 	 	6/1/2019	 	 	$	62,758.53	 	 	$	44,491.01	 	 	$	18,267.52	 	 	$	8,709,262.83	 
	 	6/1/2019	 	 	 
	 	 	30	 	 	 	7/1/2019	 	 	$	62,758.53	 	 	$	42,965.70	 	 	$	19,792.84	 	 	$	8,689,470.00	 
	 	7/1/2019	 	 	 
	 	 	31	 	 	 	8/1/2019	 	 	$	62,758.53	 	 	$	44,296.99	 	 	$	18,461.55	 	 	$	8,671,008.45	 
	 	8/1/2019	 	 	 
	 	 	30	 	 	 	9/1/2019	 	 	$	62,758.53	 	 	$	42,776.98	 	 	$	19,981.56	 	 	$	8,651,026.89	 
	 	9/1/2019	 	 	 
	 	 	31	 	 	 	10/1/2019	 	 	$	62,758.53	 	 	$	44,101.01	 	 	$	18,657.52	 	 	$	8,632,369.37	 
	 	10/1/2019	 	 	 
	 	 	31	 	 	 	11/1/2019	 	 	$	62,758.53	 	 	$	44,005.90	 	 	$	18,752.63	 	 	$	8,613,616.74	 
	 	11/1/2019	 	 	 
	 	 	30	 	 	 	12/1/2019	 	 	$	62,758.53	 	 	$	42,493.84	 	 	$	20,264.69	 	 	$	8,593,352.04	 
	 	12/1/2019	 	 	 
	 	 	31	 	 	 	1/1/2020	 	 	$	62,758.53	 	 	$	43,807.00	 	 	$	18,951.53	 	 	$	8,574,400.51	 
	 	1/1/2020	 	 	 
	 	 	30	 	 	 	2/1/2020	 	 	$	62,758.53	 	 	$	42,300.38	 	 	$	20,458.16	 	 	$	8,553,942.35	 
	 	2/1/2020	 	 	 
	 	 	31	 	 	 	3/1/2020	 	 	$	62,758.53	 	 	$	43,606.10	 	 	$	19,152.44	 	 	$	8,534,789.92	 
	 	3/1/2020	 	 	 
	 	 	31	 	 	 	4/1/2020	 	 	$	62,758.53	 	 	$	43,508.46	 	 	$	19,250.07	 	 	$	8,515,539.84	 
	 	4/1/2020	 	 	 
	 	 	29	 	 	 	5/1/2020	 	 	$	62,758.53	 	 	$	40,609.66	 	 	$	22,148.87	 	 	$	8,493,390.97	 
	 	5/1/2020	 	 	 
	 	 	31	 	 	 	6/1/2020	 	 	$	62,758.53	 	 	$	43,297.42	 	 	$	19,461.11	 	 	$	8,473,929.86	 
	 	6/1/2020	 	 	 
	 	 	30	 	 	 	7/1/2020	 	 	$	62,758.53	 	 	$	41,804.72	 	 	$	20,953.81	 	 	$	8,452,976.05	 
	 	7/1/2020	 	 	 
	 	 	31	 	 	 	8/1/2020	 	 	$	62,758.53	 	 	$	43,091.39	 	 	$	19,667.14	 	 	$	8,433,308.91	 
	 	8/1/2020	 	 	 
	 	 	30	 	 	 	9/1/2020	 	 	$	62,758.53	 	 	$	41,604.32	 	 	$	21,154.21	 	 	$	8,412,154.70	 
	 	9/1/2020	 	 	 
	 	 	31	 	 	 	10/1/2020	 	 	$	62,758.53	 	 	$	42,883.30	 	 	$	19,875.24	 	 	$	8,392,279.46	 
	 	10/1/2020	 	 	 
	 	 	31	 	 	 	11/1/2020	 	 	$	62,758.53	 	 	$	42,781.98	 	 	$	19,976.56	 	 	$	8,372,302.90	 
	 	11/1/2020	 	 	 
	 	 	30	 	 	 	12/1/2020	 	 	$	62,758.53	 	 	$	41,303.36	 	 	$	21,455.17	 	 	$	8,350,847.73	 
	 	12/1/2020	 	 	 
	 	 	31	 	 	 	1/1/2021	 	 	$	62,758.53	 	 	$	42,570.77	 	 	$	20,187.77	 	 	$	8,330,659.96	 
	 	1/1/2021	 	 	 
	 	 	30	 	 	 	2/1/2021	 	 	$	62,758.53	 	 	$	41,097.92	 	 	$	21,660.61	 	 	$	8,308,999.35	 
	 	2/1/2021	 	 	 
	 	 	31	 	 	 	3/1/2021	 	 	$	62,758.53	 	 	$	42,357.43	 	 	$	20,401.10	 	 	$	8,288,598.25	 
	 	3/1/2021	 	 	 
	 	 	31	 	 	 	4/1/2021	 	 	$	62,758.53	 	 	$	42,253.43	 	 	$	20,505.10	 	 	$	8,268,093.15	 
	 	4/1/2021	 	 	 
	 	 	28	 	 	 	5/1/2021	 	 	$	62,758.53	 	 	$	38,069.98	 	 	$	24,688.56	 	 	$	8,243,404.59	 
	 	5/1/2021	 	 	 
	 	 	31	 	 	 	6/1/2021	 	 	$	62,758.53	 	 	$	42,023.04	 	 	$	20,735.49	 	 	$	8,222,669.10	 
	 	6/1/2021	 	 	 
	 	 	30	 	 	 	7/1/2021	 	 	$	62,758.53	 	 	$	40,565.17	 	 	$	22,193.37	 	 	$	8,200,475.73	 
	 	7/1/2021	 	 	 
	 	 	31	 	 	 	8/1/2021	 	 	$	62,758.53	 	 	$	41,804.20	 	 	$	20,954.33	 	 	$	8,179,521.40	 
	 	8/1/2021	 	 	 
	 	 	30	 	 	 	9/1/2021	 	 	$	62,758.53	 	 	$	40,352.31	 	 	$	22,406.23	 	 	$	8,157,115.17	 
	 	9/1/2021	 	 	 
	 	 	31	 	 	 	10/1/2021	 	 	$	62,758.53	 	 	$	41,583.16	 	 	$	21,175.37	 	 	$	8,135,939.80	 
	 	10/1/2021	 	 	 
	 	 	31	 	 	 	11/1/2021	 	 	$	62,758.53	 	 	$	41,475.21	 	 	$	21,283.32	 	 	$	8,114,656.48	 
	 	11/1/2021	 	 	 
	 	 	30	 	 	 	12/1/2021	 	 	$	62,758.53	 	 	$	40,032.31	 	 	$	22,726.23	 	 	$	8,091,930.25	 
	 	12/1/2021	 	 	 
	 	 	31	 	 	 	1/1/2022	 	 	$	62,758.53	 	 	$	41,250.86	 	 	$	21,507.67	 	 	$	8,070,422.58	 
	 	1/1/2022	 	 	 
	 	 	30	 	 	 	2/1/2022	 	 	$	62,758.53	 	 	$	39,814.08	 	 	$	22,944.45	 	 	$	8,047,478.13	 
	 	2/1/2022	 	 	 
	 	 	31	 	 	 	3/1/2022	 	 	$	62,758.53	 	 	$	41,024.26	 	 	$	21,734.28	 	 	$	8,025,743.85	 
	 	3/1/2022	 	 	 
	 	 	31	 	 	 	4/1/2022	 	 	$	62,758.53	 	 	$	40,913.46	 	 	$	21,845.08	 	 	$	8,003,898.78	 
	 	4/1/2022	 	 	 
	 	 	28	 	 	 	5/1/2022	 	 	$	62,758.53	 	 	$	36,853.51	 	 	$	25,905.03	 	 	$	7,977,993.75	 
	 	5/1/2022	 	 	 
	 	 	31	 	 	 	6/1/2022	 	 	$	62,758.53	 	 	$	40,670.04	 	 	$	22,088.49	 	 	$	7,955,905.25	 
	 	6/1/2022	 	 	 
	 	 	30	 	 	 	7/1/2022	 	 	$	62,758.53	 	 	$	39,249.13	 	 	$	23,509.40	 	 	$	7,932,395.85	 

			
	 	 	 
	FANNIE MAE MULTIFAMILY DMBS NOTE	 	 
	©2003 Fannie Mae
	 	Page C-4          

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Anticipated	 	Payment Due	 	 	 	 	 	 	 	 
	Closing Date	 	Date	 	 	 	Interest	 	Principal	 	Principal Balance
	 	7/1/2022	 	 	 
	 	 	31	 	 	 	8/1/2022	 	 	$	62,758.53	 	 	$	40,437.59	 	 	$	22,320.94	 	 	$	7,910,074.91	 
	 	8/1/2022	 	 	 
	 	 	30	 	 	 	9/1/2022	 	 	$	62,758.53	 	 	$	39,023.04	 	 	$	23,735.50	 	 	$	7,886,339.41	 
	 	9/1/2022	 	 	 
	 	 	31	 	 	 	10/1/2022	 	 	$	62,758.53	 	 	$	40,202.81	 	 	$	22,555.73	 	 	$	7,863,783.69	 
	 	10/1/2022	 	 	 
	 	 	31	 	 	 	11/1/2022	 	 	$	62,758.53	 	 	$	40,087.82	 	 	$	22,670.71	 	 	$	7,841,112.97	 
	 	11/1/2022	 	 	 
	 	 	30	 	 	 	12/1/2022	 	 	$	62,758.53	 	 	$	38,682.82	 	 	$	24,075.71	 	 	$	7,817,037.26	 
	 	12/1/2022	 	 	 
	 	 	31	 	 	 	1/1/2023	 	 	$	62,758.53	 	 	$	39,849.52	 	 	$	22,909.01	 	 	$	7,794,128.25	 
	 	1/1/2023	 	 	 
	 	 	30	 	 	 	2/1/2023	 	 	$	62,758.53	 	 	$	38,451.03	 	 	$	24,307.50	 	 	$	7,769,820.75	 
	 	2/1/2023	 	 	 
	 	 	31	 	 	 	3/1/2023	 	 	$	62,758.53	 	 	$	39,608.82	 	 	$	23,149.71	 	 	$	7,746,671.03	 
	 	3/1/2023	 	 	 
	 	 	31	 	 	 	4/1/2023	 	 	$	62,758.53	 	 	$	39,490.81	 	 	$	23,267.73	 	 	$	7,723,403.31	 
	 	4/1/2023	 	 	 
	 	 	28	 	 	 	5/1/2023	 	 	$	62,758.53	 	 	$	35,561.98	 	 	$	27,196.55	 	 	$	7,696,206.76	 
	 	5/1/2023	 	 	 
	 	 	31	 	 	 	6/1/2023	 	 	$	62,758.53	 	 	$	39,233.55	 	 	$	23,524.98	 	 	$	7,672,681.77	 
	 	6/1/2023	 	 	 
	 	 	30	 	 	 	7/1/2023	 	 	$	62,758.53	 	 	$	37,851.90	 	 	$	24,906.64	 	 	$	7,647,775.14	 
	 	7/1/2023	 	 	 
	 	 	31	 	 	 	8/1/2023	 	 	$	62,758.53	 	 	$	38,986.66	 	 	$	23,771.88	 	 	$	7,624,003.26	 
	 	8/1/2023	 	 	 
	 	 	30	 	 	 	9/1/2023	 	 	$	62,758.53	 	 	$	37,611.75	 	 	$	25,146.78	 	 	$	7,598,856.48	 
	 	9/1/2023	 	 	 
	 	 	31	 	 	 	10/1/2023	 	 	$	62,758.53	 	 	$	38,737.28	 	 	$	24,021.25	 	 	$	7,574,835.22	 
	 	10/1/2023	 	 	 
	 	 	31	 	 	 	11/1/2023	 	 	$	62,758.53	 	 	$	38,614.83	 	 	$	24,143.71	 	 	$	7,550,691.52	 
	 	11/1/2023	 	 	 
	 	 	30	 	 	 	12/1/2023	 	 	$	62,758.53	 	 	$	37,250.08	 	 	$	25,508.46	 	 	$	7,525,183.06	 
	 	12/1/2023	 	 	 
	 	 	31	 	 	 	1/1/2024	 	 	$	62,758.53	 	 	$	38,361.71	 	 	$	24,396.82	 	 	$	7,500,786.24	 
	 	1/1/2024	 	 	 
	 	 	30	 	 	 	2/1/2024	 	 	$	62,758.53	 	 	$	37,003.88	 	 	$	25,754.65	 	 	$	7,475,031.58	 
	 	2/1/2024	 	 	 
	 	 	31	 	 	 	3/1/2024	 	 	$	62,758.53	 	 	$	38,106.05	 	 	$	24,652.48	 	 	$	7,450,379.10	 
	 	3/1/2024	 	 	 
	 	 	31	 	 	 	4/1/2024	 	 	$	62,758.53	 	 	$	37,980.38	 	 	$	24,778.16	 	 	$	7,425,600.94	 
	 	4/1/2024	 	 	 
	 	 	29	 	 	 	5/1/2024	 	 	$	62,758.53	 	 	$	35,411.87	 	 	$	27,346.67	 	 	$	7,398,254.27	 
	 	5/1/2024	 	 	 
	 	 	31	 	 	 	6/1/2024	 	 	$	62,758.53	 	 	$	37,714.66	 	 	$	25,043.88	 	 	$	7,373,210.40	 
	 	6/1/2024	 	 	 
	 	 	30	 	 	 	7/1/2024	 	 	$	62,758.53	 	 	$	36,374.50	 	 	$	26,384.03	 	 	$	7,346,826.37	 
	 	7/1/2024	 	 	 
	 	 	31	 	 	 	8/1/2024	 	 	$	62,758.53	 	 	$	37,452.49	 	 	$	25,306.05	 	 	$	7,321,520.32	 
	 	8/1/2024	 	 	 
	 	 	30	 	 	 	9/1/2024	 	 	$	62,758.53	 	 	$	36,119.50	 	 	$	26,639.03	 	 	$	7,294,881.29	 
	 	9/1/2024	 	 	 
	 	 	31	 	 	 	10/1/2024	 	 	$	62,758.53	 	 	$	37,187.68	 	 	$	25,570.85	 	 	$	7,269,310.44	 
	 	10/1/2024	 	 	 
	 	 	31	 	 	 	11/1/2024	 	 	$	62,758.53	 	 	$	37,057.33	 	 	$	25,701.20	 	 	$	7,243,609.23	 
	 	11/1/2024	 	 	 
	 	 	30	 	 	 	12/1/2024	 	 	$	62,758.53	 	 	$	35,735.14	 	 	$	27,023.39	 	 	$	7,216,585.84	 
	 	12/1/2024	 	 	 
	 	 	31	 	 	 	1/1/2025	 	 	$	62,758.53	 	 	$	36,788.55	 	 	$	25,969.98	 	 	$	7,190,615.86	 
	 	1/1/2025	 	 	 
	 	 	30	 	 	 	2/1/2025	 	 	$	62,758.53	 	 	$	35,473.70	 	 	$	27,284.83	 	 	$	7,163,331.03	 
	 	2/1/2025	 	 	 
	 	 	31	 	 	 	3/1/2025	 	 	$	62,758.53	 	 	$	36,517.07	 	 	$	26,241.46	 	 	$	7,137,089.56	 
	 	3/1/2025	 	 	 
	 	 	31	 	 	 	4/1/2025	 	 	$	62,758.53	 	 	$	36,383.30	 	 	$	26,375.24	 	 	$	7,110,714.33	 
	 	4/1/2025	 	 	 
	 	 	28	 	 	 	5/1/2025	 	 	$	62,758.53	 	 	$	32,740.89	 	 	$	30,017.64	 	 	$	7,080,696.68	 
	 	5/1/2025	 	 	 
	 	 	31	 	 	 	6/1/2025	 	 	$	62,758.53	 	 	$	36,095.82	 	 	$	26,662.72	 	 	$	7,054,033.97	 
	 	6/1/2025	 	 	 
	 	 	30	 	 	 	7/1/2025	 	 	$	62,758.53	 	 	$	34,799.90	 	 	$	27,958.63	 	 	$	7,026,075.33	 
	 	7/1/2025	 	 	 
	 	 	31	 	 	 	8/1/2025	 	 	$	62,758.53	 	 	$	35,817.37	 	 	$	26,941.16	 	 	$	6,999,134.17	 
	 	8/1/2025	 	 	 
	 	 	30	 	 	 	9/1/2025	 	 	$	62,758.53	 	 	$	34,529.06	 	 	$	28,229.47	 	 	$	6,970,904.70	 
	 	9/1/2025	 	 	 
	 	 	31	 	 	 	10/1/2025	 	 	$	62,758.53	 	 	$	35,536.12	 	 	$	27,222.41	 	 	$	6,943,682.29	 
	 	10/1/2025	 	 	 
	 	 	31	 	 	 	11/1/2025	 	 	$	62,758.53	 	 	$	35,397.35	 	 	$	27,361.18	 	 	$	6,916,321.10	 
	 	11/1/2025	 	 	 
	 	 	30	 	 	 	12/1/2025	 	 	$	62,758.53	 	 	$	34,120.52	 	 	$	28,638.02	 	 	$	6,887,683.09	 
	 	12/1/2025	 	 	 
	 	 	31	 	 	 	1/1/2026	 	 	$	62,758.53	 	 	$	35,111.88	 	 	$	27,646.66	 	 	$	6,860,036.43	 
	 	1/1/2026	 	 	 
	 	 	30	 	 	 	2/1/2026	 	 	$	62,758.53	 	 	$	33,842.85	 	 	$	28,915.69	 	 	$	6,831,120.74	 
	 	2/1/2026	 	 	 
	 	 	31	 	 	 	3/1/2026	 	 	$	62,758.53	 	 	$	34,823.54	 	 	$	27,935.00	 	 	$	6,803,185.75	 
	 	3/1/2026	 	 	 
	 	 	31	 	 	 	4/1/2026	 	 	$	62,758.53	 	 	$	34,681.13	 	 	$	28,077.40	 	 	$	6,775,108.34	 
	 	4/1/2026	 	 	 
	 	 	28	 	 	 	5/1/2026	 	 	$	62,758.53	 	 	$	31,195.61	 	 	$	31,562.92	 	 	$	6,743,545.42	 
	 	5/1/2026	 	 	 
	 	 	31	 	 	 	6/1/2026	 	 	$	62,758.53	 	 	$	34,377.10	 	 	$	28,381.44	 	 	$	6,715,163.98	 

			
	 	 	 
	FANNIE MAE MULTIFAMILY DMBS NOTE	 	 
	©2003 Fannie Mae
	 	Page C-5          

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Anticipated	 	Payment Due	 	 	 	 	 	 	 	 
	Closing Date	 	Date	 	 	 	Interest	 	Principal	 	Principal Balance
	 	6/1/2026	 	 	 
	 	 	30	 	 	 	7/1/2026	 	 	$	62,758.53	 	 	$	33,128.14	 	 	$	29,630.39	 	 	$	6,685,533.59	 
	 	7/1/2026	 	 	 
	 	 	31	 	 	 	8/1/2026	 	 	$	62,758.53	 	 	$	34,081.36	 	 	$	28,677.17	 	 	$	6,656,856.42	 
	 	8/1/2026	 	 	 
	 	 	30	 	 	 	9/1/2026	 	 	$	62,758.53	 	 	$	32,840.49	 	 	$	29,918.04	 	 	$	6,626,938.38	 
	 	9/1/2026	 	 	 
	 	 	31	 	 	 	10/1/2026	 	 	$	62,758.53	 	 	$	33,782.66	 	 	$	28,975.87	 	 	$	6,597,962.50	 
	 	10/1/2026	 	 	 
	 	 	31	 	 	 	11/1/2026	 	 	$	62,758.53	 	 	$	33,634.95	 	 	$	29,123.59	 	 	$	6,568,838.91	 
	 	11/1/2026	 	 	 
	 	 	30	 	 	 	12/1/2026	 	 	$	62,758.53	 	 	$	32,406.27	 	 	$	30,352.26	 	 	$	6,538,486.65	 
	 	12/1/2026	 	 	 
	 	 	31	 	 	 	1/1/2027	 	 	$	62,758.53	 	 	$	33,331.75	 	 	$	29,426.78	 	 	$	6,509,059.87	 
	 	1/1/2027	 	 	 
	 	 	30	 	 	 	2/1/2027	 	 	$	62,758.53	 	 	$	32,111.36	 	 	$	30,647.17	 	 	$	6,478,412.70	 
	 	2/1/2027	 	 	 
	 	 	31	 	 	 	3/1/2027	 	 	$	62,758.53	 	 	$	33,025.51	 	 	$	29,733.03	 	 	$	6,448,679.67	 
	 	3/1/2027	 	 	 
	 	 	31	 	 	 	4/1/2027	 	 	$	62,758.53	 	 	$	32,873.94	 	 	$	29,884.60	 	 	$	6,418,795.08	 
	 	4/1/2027	 	 	 
	 	 	28	 	 	 	5/1/2027	 	 	$	62,758.53	 	 	$	29,554.99	 	 	$	33,203.55	 	 	$	6,385,591.53	 
	 	5/1/2027	 	 	 
	 	 	31	 	 	 	6/1/2027	 	 	$	62,758.53	 	 	$	32,552.33	 	 	$	30,206.21	 	 	$	6,355,385.32	 
	 	6/1/2027	 	 	 
	 	 	30	 	 	 	7/1/2027	 	 	$	62,758.53	 	 	$	31,353.23	 	 	$	31,405.30	 	 	$	6,323,980.02	 
	 	7/1/2027	 	 	 
	 	 	31	 	 	 	8/1/2027	 	 	$	62,758.53	 	 	$	32,238.24	 	 	$	30,520.29	 	 	$	6,293,459.73	 
	 	8/1/2027	 	 	 
	 	 	30	 	 	 	9/1/2027	 	 	$	62,758.53	 	 	$	31,047.73	 	 	$	31,710.80	 	 	$	6,261,748.93	 
	 	9/1/2027	 	 	 
	 	 	31	 	 	 	10/1/2027	 	 	$	62,758.53	 	 	$	31,921.00	 	 	$	30,837.53	 	 	$	6,230,911.40	 
	 	10/1/2027	 	 	 
	 	 	31	 	 	 	11/1/2027	 	 	$	62,758.53	 	 	$	31,763.80	 	 	$	30,994.73	 	 	$	6,199,916.67	 
	 	11/1/2027	 	 	 
	 	 	30	 	 	 	12/1/2027	 	 	$	62,758.53	 	 	$	30,586.26	 	 	$	32,172.28	 	 	$	6,167,744.39	 
	 	12/1/2027	 	 	 
	 	 	31	 	 	 	1/1/2028	 	 	$	62,758.53	 	 	$	31,441.79	 	 	$	31,316.74	 	 	$	6,136,427.65	 
	 	1/1/2028	 	 	 
	 	 	30	 	 	 	2/1/2028	 	 	$	62,758.53	 	 	$	30,273.04	 	 	$	32,485.49	 	 	$	6,103,942.16	 
	 	2/1/2028	 	 	 
	 	 	31	 	 	 	3/1/2028	 	 	$	62,758.53	 	 	$	31,116.54	 	 	$	31,641.99	 	 	$	6,072,300.17	 
	 	3/1/2028	 	 	 
	 	 	31	 	 	 	4/1/2028	 	 	$	62,758.53	 	 	$	30,955.24	 	 	$	31,803.30	 	 	$	6,040,496.87	 
	 	4/1/2028	 	 	 
	 	 	29	 	 	 	5/1/2028	 	 	$	62,758.53	 	 	$	28,806.46	 	 	$	33,952.08	 	 	$	6,006,544.79	 
	 	5/1/2028	 	 	 
	 	 	31	 	 	 	6/1/2028	 	 	$	62,758.53	 	 	$	30,620.03	 	 	$	32,138.50	 	 	$	5,974,406.29	 
	 	6/1/2028	 	 	 
	 	 	30	 	 	 	7/1/2028	 	 	$	62,758.53	 	 	$	29,473.74	 	 	$	33,284.80	 	 	$	5,941,121.49	 
	 	7/1/2028	 	 	 
	 	 	31	 	 	 	8/1/2028	 	 	$	62,758.53	 	 	$	30,286.52	 	 	$	32,472.02	 	 	$	5,908,649.48	 
	 	8/1/2028	 	 	 
	 	 	30	 	 	 	9/1/2028	 	 	$	62,758.53	 	 	$	29,149.34	 	 	$	33,609.20	 	 	$	5,875,040.28	 
	 	9/1/2028	 	 	 
	 	 	31	 	 	 	10/1/2028	 	 	$	62,758.53	 	 	$	29,949.65	 	 	$	32,808.88	 	 	$	5,842,231.40	 
	 	10/1/2028	 	 	 
	 	 	31	 	 	 	11/1/2028	 	 	$	62,758.53	 	 	$	29,782.40	 	 	$	32,976.14	 	 	$	5,809,255.26	 
	 	11/1/2028	 	 	 
	 	 	30	 	 	 	12/1/2028	 	 	$	62,758.53	 	 	$	28,658.99	 	 	$	34,099.54	 	 	$	5,775,155.72	 
	 	12/1/2028	 	 	 
	 	 	31	 	 	 	1/1/2029	 	 	$	62,758.53	 	 	$	29,440.46	 	 	$	33,318.07	 	 	$	5,741,837.65	 
	 	1/1/2029	 	 	 
	 	 	30	 	 	 	2/1/2029	 	 	$	62,758.53	 	 	$	28,326.40	 	 	$	34,432.13	 	 	$	5,707,405.51	 
	 	2/1/2029	 	 	 
	 	 	31	 	 	 	3/1/2029	 	 	$	62,758.53	 	 	$	29,095.08	 	 	$	33,663.45	 	 	$	5,673,742.06	 
	 	3/1/2029	 	 	 
	 	 	31	 	 	 	4/1/2029	 	 	$	62,758.53	 	 	$	28,923.48	 	 	$	33,835.06	 	 	$	5,639,907.01	 
	 	4/1/2029	 	 	 
	 	 	28	 	 	 	5/1/2029	 	 	$	62,758.53	 	 	$	25,968.64	 	 	$	36,789.90	 	 	$	5,603,117.11	 
	 	5/1/2029	 	 	 
	 	 	31	 	 	 	6/1/2029	 	 	$	62,758.53	 	 	$	28,563.45	 	 	$	34,195.09	 	 	$	5,568,922.02	 
	 	6/1/2029	 	 	 
	 	 	30	 	 	 	7/1/2029	 	 	$	62,758.53	 	 	$	27,473.35	 	 	$	35,285.19	 	 	$	5,533,636.84	 
	 	7/1/2029	 	 	 
	 	 	31	 	 	 	8/1/2029	 	 	$	62,758.53	 	 	$	28,209.25	 	 	$	34,549.28	 	 	$	5,499,087.55	 
	 	8/1/2029	 	 	 
	 	 	30	 	 	 	9/1/2029	 	 	$	62,758.53	 	 	$	27,128.83	 	 	$	35,629.70	 	 	$	5,463,457.85	 
	 	9/1/2029	 	 	 
	 	 	31	 	 	 	10/1/2029	 	 	$	62,758.53	 	 	$	27,851.49	 	 	$	34,907.04	 	 	$	5,428,550.81	 
	 	10/1/2029	 	 	 
	 	 	31	 	 	 	11/1/2029	 	 	$	62,758.53	 	 	$	27,673.55	 	 	$	35,084.99	 	 	$	5,393,465.83	 
	 	11/1/2029	 	 	 
	 	 	30	 	 	 	12/1/2029	 	 	$	62,758.53	 	 	$	26,607.76	 	 	$	36,150.77	 	 	$	5,357,315.06	 
	 	12/1/2029	 	 	 
	 	 	31	 	 	 	1/1/2030	 	 	$	62,758.53	 	 	$	27,310.40	 	 	$	35,448.13	 	 	$	5,321,866.92	 
	 	1/1/2030	 	 	 
	 	 	30	 	 	 	2/1/2030	 	 	$	62,758.53	 	 	$	26,254.54	 	 	$	36,503.99	 	 	$	5,285,362.93	 
	 	2/1/2030	 	 	 
	 	 	31	 	 	 	3/1/2030	 	 	$	62,758.53	 	 	$	26,943.61	 	 	$	35,814.93	 	 	$	5,249,548.01	 
	 	3/1/2030	 	 	 
	 	 	31	 	 	 	4/1/2030	 	 	$	62,758.53	 	 	$	26,761.03	 	 	$	35,997.50	 	 	$	5,213,550.50	 
	 	4/1/2030	 	 	 
	 	 	28	 	 	 	5/1/2030	 	 	$	62,758.53	 	 	$	24,005.50	 	 	$	38,753.03	 	 	$	5,174,797.47	 

			
	 	 	 
	FANNIE MAE MULTIFAMILY DMBS NOTE	 	 
	©2003 Fannie Mae
	 	Page C-6          

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Anticipated	 	Payment Due	 	 	 	 	 	 	 	 
	Closing Date	 	Date	 	 	 	Interest	 	Principal	 	Principal Balance
	 	5/1/2030	 	 	 
	 	 	31	 	 	 	6/1/2030	 	 	$	62,758.53	 	 	$	26,379.97	 	 	$	36,378.57	 	 	$	5,138,418.90	 
	 	6/1/2030	 	 	 
	 	 	30	 	 	 	7/1/2030	 	 	$	62,758.53	 	 	$	25,349.53	 	 	$	37,409.00	 	 	$	5,101,009.90	 
	 	7/1/2030	 	 	 
	 	 	31	 	 	 	8/1/2030	 	 	$	62,758.53	 	 	$	26,003.81	 	 	$	36,754.72	 	 	$	5,064,255.19	 
	 	8/1/2030	 	 	 
	 	 	30	 	 	 	9/1/2030	 	 	$	62,758.53	 	 	$	24,983.66	 	 	$	37,774.87	 	 	$	5,026,480.31	 
	 	9/1/2030	 	 	 
	 	 	31	 	 	 	10/1/2030	 	 	$	62,758.53	 	 	$	25,623.88	 	 	$	37,134.65	 	 	$	4,989,345.66	 
	 	10/1/2030	 	 	 
	 	 	31	 	 	 	11/1/2030	 	 	$	62,758.53	 	 	$	25,434.58	 	 	$	37,323.96	 	 	$	4,952,021.70	 
	 	11/1/2030	 	 	 
	 	 	30	 	 	 	12/1/2030	 	 	$	62,758.53	 	 	$	24,429.97	 	 	$	38,328.56	 	 	$	4,913,693.14	 
	 	12/1/2030	 	 	 
	 	 	31	 	 	 	1/1/2031	 	 	$	62,758.53	 	 	$	25,048.92	 	 	$	37,709.62	 	 	$	4,875,983.52	 
	 	1/1/2031	 	 	 
	 	 	30	 	 	 	2/1/2031	 	 	$	62,758.53	 	 	$	24,054.85	 	 	$	38,703.68	 	 	$	4,837,279.84	 
	 	2/1/2031	 	 	 
	 	 	31	 	 	 	3/1/2031	 	 	$	62,758.53	 	 	$	24,659.38	 	 	$	38,099.16	 	 	$	4,799,180.68	 
	 	3/1/2031	 	 	 
	 	 	31	 	 	 	4/1/2031	 	 	$	62,758.53	 	 	$	24,465.16	 	 	$	38,293.38	 	 	$	4,760,887.31	 
	 	4/1/2031	 	 	 
	 	 	28	 	 	 	5/1/2031	 	 	$	62,758.53	 	 	$	21,921.24	 	 	$	40,837.29	 	 	$	4,720,050.01	 
	 	5/1/2031	 	 	 
	 	 	31	 	 	 	6/1/2031	 	 	$	62,758.53	 	 	$	24,061.77	 	 	$	38,696.77	 	 	$	4,681,353.24	 
	 	6/1/2031	 	 	 
	 	 	30	 	 	 	7/1/2031	 	 	$	62,758.53	 	 	$	23,094.68	 	 	$	39,663.86	 	 	$	4,641,689.39	 
	 	7/1/2031	 	 	 
	 	 	31	 	 	 	8/1/2031	 	 	$	62,758.53	 	 	$	23,662.30	 	 	$	39,096.23	 	 	$	4,602,593.15	 
	 	8/1/2031	 	 	 
	 	 	30	 	 	 	9/1/2031	 	 	$	62,758.53	 	 	$	22,706.13	 	 	$	40,052.41	 	 	$	4,562,540.75	 
	 	9/1/2031	 	 	 
	 	 	31	 	 	 	10/1/2031	 	 	$	62,758.53	 	 	$	23,258.82	 	 	$	39,499.71	 	 	$	4,523,041.03	 
	 	10/1/2031	 	 	 
	 	 	31	 	 	 	11/1/2031	 	 	$	62,758.53	 	 	$	23,057.46	 	 	$	39,701.08	 	 	$	4,483,339.96	 
	 	11/1/2031	 	 	 
	 	 	30	 	 	 	12/1/2031	 	 	$	62,758.53	 	 	$	22,117.81	 	 	$	40,640.72	 	 	$	4,442,699.23	 
	 	12/1/2031	 	 	 
	 	 	31	 	 	 	1/1/2032	 	 	$	62,758.53	 	 	$	22,647.89	 	 	$	40,110.64	 	 	$	4,402,588.59	 
	 	1/1/2032	 	 	 
	 	 	30	 	 	 	2/1/2032	 	 	$	62,758.53	 	 	$	21,719.44	 	 	$	41,039.10	 	 	$	4,361,549.50	 
	 	2/1/2032	 	 	 
	 	 	31	 	 	 	3/1/2032	 	 	$	62,758.53	 	 	$	22,234.21	 	 	$	40,524.32	 	 	$	4,321,025.17	 
	 	3/1/2032	 	 	 
	 	 	31	 	 	 	4/1/2032	 	 	$	62,758.53	 	 	$	22,027.63	 	 	$	40,730.91	 	 	$	4,280,294.26	 
	 	4/1/2032	 	 	 
	 	 	29	 	 	 	5/1/2032	 	 	$	62,758.53	 	 	$	20,412.25	 	 	$	42,346.29	 	 	$	4,237,947.98	 
	 	5/1/2032	 	 	 
	 	 	31	 	 	 	6/1/2032	 	 	$	62,758.53	 	 	$	21,604.12	 	 	$	41,154.42	 	 	$	4,196,793.56	 
	 	6/1/2032	 	 	 
	 	 	30	 	 	 	7/1/2032	 	 	$	62,758.53	 	 	$	20,704.18	 	 	$	42,054.35	 	 	$	4,154,739.21	 
	 	7/1/2032	 	 	 
	 	 	31	 	 	 	8/1/2032	 	 	$	62,758.53	 	 	$	21,179.94	 	 	$	41,578.60	 	 	$	4,113,160.61	 
	 	8/1/2032	 	 	 
	 	 	30	 	 	 	9/1/2032	 	 	$	62,758.53	 	 	$	20,291.59	 	 	$	42,466.94	 	 	$	4,070,693.67	 
	 	9/1/2032	 	 	 
	 	 	31	 	 	 	10/1/2032	 	 	$	62,758.53	 	 	$	20,751.49	 	 	$	42,007.04	 	 	$	4,028,686.63	 
	 	10/1/2032	 	 	 
	 	 	31	 	 	 	11/1/2032	 	 	$	62,758.53	 	 	$	20,537.35	 	 	$	42,221.18	 	 	$	3,986,465.44	 
	 	11/1/2032	 	 	 
	 	 	30	 	 	 	12/1/2032	 	 	$	62,758.53	 	 	$	19,666.56	 	 	$	43,091.97	 	 	$	3,943,373.47	 
	 	12/1/2032	 	 	 
	 	 	31	 	 	 	1/1/2033	 	 	$	62,758.53	 	 	$	20,102.44	 	 	$	42,656.09	 	 	$	3,900,717.38	 
	 	1/1/2033	 	 	 
	 	 	30	 	 	 	2/1/2033	 	 	$	62,758.53	 	 	$	19,243.54	 	 	$	43,514.99	 	 	$	3,857,202.39	 
	 	2/1/2033	 	 	 
	 	 	31	 	 	 	3/1/2033	 	 	$	62,758.53	 	 	$	19,663.16	 	 	$	43,095.37	 	 	$	3,814,107.01	 
	 	3/1/2033	 	 	 
	 	 	31	 	 	 	4/1/2033	 	 	$	62,758.53	 	 	$	19,443.47	 	 	$	43,315.06	 	 	$	3,770,791.95	 
	 	4/1/2033	 	 	 
	 	 	28	 	 	 	5/1/2033	 	 	$	62,758.53	 	 	$	17,362.40	 	 	$	45,396.13	 	 	$	3,725,395.82	 
	 	5/1/2033	 	 	 
	 	 	31	 	 	 	6/1/2033	 	 	$	62,758.53	 	 	$	18,991.24	 	 	$	43,767.29	 	 	$	3,681,628.52	 
	 	6/1/2033	 	 	 
	 	 	30	 	 	 	7/1/2033	 	 	$	62,758.53	 	 	$	18,162.70	 	 	$	44,595.83	 	 	$	3,637,032.69	 
	 	7/1/2033	 	 	 
	 	 	31	 	 	 	8/1/2033	 	 	$	62,758.53	 	 	$	18,540.78	 	 	$	44,217.75	 	 	$	3,592,814.94	 
	 	8/1/2033	 	 	 
	 	 	30	 	 	 	9/1/2033	 	 	$	62,758.53	 	 	$	17,724.55	 	 	$	45,033.98	 	 	$	3,547,780.96	 
	 	9/1/2033	 	 	 
	 	 	31	 	 	 	10/1/2033	 	 	$	62,758.53	 	 	$	18,085.80	 	 	$	44,672.73	 	 	$	3,503,108.23	 
	 	10/1/2033	 	 	 
	 	 	31	 	 	 	11/1/2033	 	 	$	62,758.53	 	 	$	17,858.07	 	 	$	44,900.47	 	 	$	3,458,207.76	 
	 	11/1/2033	 	 	 
	 	 	30	 	 	 	12/1/2033	 	 	$	62,758.53	 	 	$	17,060.49	 	 	$	45,698.04	 	 	$	3,412,509.72	 
	 	12/1/2033	 	 	 
	 	 	31	 	 	 	1/1/2034	 	 	$	62,758.53	 	 	$	17,396.22	 	 	$	45,362.32	 	 	$	3,367,147.40	 
	 	1/1/2034	 	 	 
	 	 	30	 	 	 	2/1/2034	 	 	$	62,758.53	 	 	$	16,611.26	 	 	$	46,147.27	 	 	$	3,321,000.13	 
	 	2/1/2034	 	 	 
	 	 	31	 	 	 	3/1/2034	 	 	$	62,758.53	 	 	$	16,929.72	 	 	$	45,828.81	 	 	$	3,275,171.32	 
	 	3/1/2034	 	 	 
	 	 	31	 	 	 	4/1/2034	 	 	$	62,758.53	 	 	$	16,696.10	 	 	$	46,062.44	 	 	$	3,229,108.88	 

			
	 	 	 
	FANNIE MAE MULTIFAMILY DMBS NOTE	 	 
	©2003 Fannie Mae
	 	Page C-7          

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Anticipated	 	Payment Due	 	 	 	 	 	 	 	 
	Closing Date	 	Date	 	 	 	Interest	 	Principal	 	Principal Balance
	 	4/1/2034	 	 	 
	 	 	28	 	 	 	5/1/2034	 	 	$	62,758.53	 	 	$	14,868.25	 	 	$	47,890.28	 	 	$	3,181,218.60	 
	 	5/1/2034	 	 	 
	 	 	31	 	 	 	6/1/2034	 	 	$	62,758.53	 	 	$	16,217.15	 	 	$	46,541.39	 	 	$	3,134,677.21	 
	 	6/1/2034	 	 	 
	 	 	30	 	 	 	7/1/2034	 	 	$	62,758.53	 	 	$	15,464.41	 	 	$	47,294.13	 	 	$	3,087,383.08	 
	 	7/1/2034	 	 	 
	 	 	31	 	 	 	8/1/2034	 	 	$	62,758.53	 	 	$	15,738.79	 	 	$	47,019.74	 	 	$	3,040,363.34	 
	 	8/1/2034	 	 	 
	 	 	30	 	 	 	9/1/2034	 	 	$	62,758.53	 	 	$	14,999.13	 	 	$	47,759.41	 	 	$	2,992,603.93	 
	 	9/1/2034	 	 	 
	 	 	31	 	 	 	10/1/2034	 	 	$	62,758.53	 	 	$	15,255.63	 	 	$	47,502.90	 	 	$	2,945,101.03	 
	 	10/1/2034	 	 	 
	 	 	31	 	 	 	11/1/2034	 	 	$	62,758.53	 	 	$	15,013.47	 	 	$	47,745.06	 	 	$	2,897,355.97	 
	 	11/1/2034	 	 	 
	 	 	30	 	 	 	12/1/2034	 	 	$	62,758.53	 	 	$	14,293.62	 	 	$	48,464.91	 	 	$	2,848,891.05	 
	 	12/1/2034	 	 	 
	 	 	31	 	 	 	1/1/2035	 	 	$	62,758.53	 	 	$	14,523.01	 	 	$	48,235.52	 	 	$	2,800,655.53	 
	 	1/1/2035	 	 	 
	 	 	30	 	 	 	2/1/2035	 	 	$	62,758.53	 	 	$	13,816.57	 	 	$	48,941.97	 	 	$	2,751,713.57	 
	 	2/1/2035	 	 	 
	 	 	31	 	 	 	3/1/2035	 	 	$	62,758.53	 	 	$	14,027.62	 	 	$	48,730.91	 	 	$	2,702,982.66	 
	 	3/1/2035	 	 	 
	 	 	31	 	 	 	4/1/2035	 	 	$	62,758.53	 	 	$	13,779.20	 	 	$	48,979.33	 	 	$	2,654,003.33	 
	 	4/1/2035	 	 	 
	 	 	28	 	 	 	5/1/2035	 	 	$	62,758.53	 	 	$	12,220.21	 	 	$	50,538.32	 	 	$	2,603,465.01	 
	 	5/1/2035	 	 	 
	 	 	31	 	 	 	6/1/2035	 	 	$	62,758.53	 	 	$	13,271.89	 	 	$	49,486.65	 	 	$	2,553,978.36	 
	 	6/1/2035	 	 	 
	 	 	30	 	 	 	7/1/2035	 	 	$	62,758.53	 	 	$	12,599.63	 	 	$	50,158.91	 	 	$	2,503,819.45	 
	 	7/1/2035	 	 	 
	 	 	31	 	 	 	8/1/2035	 	 	$	62,758.53	 	 	$	12,763.92	 	 	$	49,994.62	 	 	$	2,453,824.83	 
	 	8/1/2035	 	 	 
	 	 	30	 	 	 	9/1/2035	 	 	$	62,758.53	 	 	$	12,105.54	 	 	$	50,653.00	 	 	$	2,403,171.83	 
	 	9/1/2035	 	 	 
	 	 	31	 	 	 	10/1/2035	 	 	$	62,758.53	 	 	$	12,250.84	 	 	$	50,507.70	 	 	$	2,352,664.14	 
	 	10/1/2035	 	 	 
	 	 	31	 	 	 	11/1/2035	 	 	$	62,758.53	 	 	$	11,993.36	 	 	$	50,765.17	 	 	$	2,301,898.96	 
	 	11/1/2035	 	 	 
	 	 	30	 	 	 	12/1/2035	 	 	$	62,758.53	 	 	$	11,356.03	 	 	$	51,402.50	 	 	$	2,250,496.46	 
	 	12/1/2035	 	 	 
	 	 	31	 	 	 	1/1/2036	 	 	$	62,758.53	 	 	$	11,472.53	 	 	$	51,286.00	 	 	$	2,199,210.46	 
	 	1/1/2036	 	 	 
	 	 	30	 	 	 	2/1/2036	 	 	$	62,758.53	 	 	$	10,849.44	 	 	$	51,909.10	 	 	$	2,147,301.36	 
	 	2/1/2036	 	 	 
	 	 	31	 	 	 	3/1/2036	 	 	$	62,758.53	 	 	$	10,946.47	 	 	$	51,812.07	 	 	$	2,095,489.30	 
	 	3/1/2036	 	 	 
	 	 	31	 	 	 	4/1/2036	 	 	$	62,758.53	 	 	$	10,682.34	 	 	$	52,076.19	 	 	$	2,043,413.10	 
	 	4/1/2036	 	 	 
	 	 	29	 	 	 	5/1/2036	 	 	$	62,758.53	 	 	$	9,744.81	 	 	$	53,013.72	 	 	$	1,990,399.38	 
	 	5/1/2036	 	 	 
	 	 	31	 	 	 	6/1/2036	 	 	$	62,758.53	 	 	$	10,146.61	 	 	$	52,611.92	 	 	$	1,937,787.46	 
	 	6/1/2036	 	 	 
	 	 	30	 	 	 	7/1/2036	 	 	$	62,758.53	 	 	$	9,559.75	 	 	$	53,198.78	 	 	$	1,884,588.68	 
	 	7/1/2036	 	 	 
	 	 	31	 	 	 	8/1/2036	 	 	$	62,758.53	 	 	$	9,607.21	 	 	$	53,151.32	 	 	$	1,831,437.36	 
	 	8/1/2036	 	 	 
	 	 	30	 	 	 	9/1/2036	 	 	$	62,758.53	 	 	$	9,035.09	 	 	$	53,723.44	 	 	$	1,777,713.91	 
	 	9/1/2036	 	 	 
	 	 	31	 	 	 	10/1/2036	 	 	$	62,758.53	 	 	$	9,062.39	 	 	$	53,696.14	 	 	$	1,724,017.77	 
	 	10/1/2036	 	 	 
	 	 	31	 	 	 	11/1/2036	 	 	$	62,758.53	 	 	$	8,788.66	 	 	$	53,969.87	 	 	$	1,670,047.90	 
	 	11/1/2036	 	 	 
	 	 	30	 	 	 	12/1/2036	 	 	$	62,758.53	 	 	$	8,238.90	 	 	$	54,519.63	 	 	$	1,615,528.26	 
	 	12/1/2036	 	 	 
	 	 	31	 	 	 	1/1/2037	 	 	$	62,758.53	 	 	$	8,235.60	 	 	$	54,522.93	 	 	$	1,561,005.33	 
	 	1/1/2037	 	 	 
	 	 	30	 	 	 	2/1/2037	 	 	$	62,758.53	 	 	$	7,700.96	 	 	$	55,057.57	 	 	$	1,505,947.76	 
	 	2/1/2037	 	 	 
	 	 	31	 	 	 	3/1/2037	 	 	$	62,758.53	 	 	$	7,676.99	 	 	$	55,081.55	 	 	$	1,450,866.21	 
	 	3/1/2037	 	 	 
	 	 	31	 	 	 	4/1/2037	 	 	$	62,758.53	 	 	$	7,396.19	 	 	$	55,362.34	 	 	$	1,395,503.87	 
	 	4/1/2037	 	 	 
	 	 	28	 	 	 	5/1/2037	 	 	$	62,758.53	 	 	$	6,425.52	 	 	$	56,333.01	 	 	$	1,339,170.86	 
	 	5/1/2037	 	 	 
	 	 	31	 	 	 	6/1/2037	 	 	$	62,758.53	 	 	$	6,826.80	 	 	$	55,931.74	 	 	$	1,283,239.12	 
	 	6/1/2037	 	 	 
	 	 	30	 	 	 	7/1/2037	 	 	$	62,758.53	 	 	$	6,330.65	 	 	$	56,427.89	 	 	$	1,226,811.23	 
	 	7/1/2037	 	 	 
	 	 	31	 	 	 	8/1/2037	 	 	$	62,758.53	 	 	$	6,254.01	 	 	$	56,504.52	 	 	$	1,170,306.71	 
	 	8/1/2037	 	 	 
	 	 	30	 	 	 	9/1/2037	 	 	$	62,758.53	 	 	$	5,773.51	 	 	$	56,985.02	 	 	$	1,113,321.69	 
	 	9/1/2037	 	 	 
	 	 	31	 	 	 	10/1/2037	 	 	$	62,758.53	 	 	$	5,675.47	 	 	$	57,083.07	 	 	$	1,056,238.62	 
	 	10/1/2037	 	 	 
	 	 	31	 	 	 	11/1/2037	 	 	$	62,758.53	 	 	$	5,384.47	 	 	$	57,374.06	 	 	$	998,864.56	 
	 	11/1/2037	 	 	 
	 	 	30	 	 	 	12/1/2037	 	 	$	62,758.53	 	 	$	4,927.73	 	 	$	57,830.80	 	 	$	941,033.76	 
	 	12/1/2037	 	 	 
	 	 	31	 	 	 	1/1/2038	 	 	$	62,758.53	 	 	$	4,797.18	 	 	$	57,961.35	 	 	$	883,072.40	 
	 	1/1/2038	 	 	 
	 	 	30	 	 	 	2/1/2038	 	 	$	62,758.53	 	 	$	4,356.49	 	 	$	58,402.04	 	 	$	824,670.36	 
	 	2/1/2038	 	 	 
	 	 	31	 	 	 	3/1/2038	 	 	$	62,758.53	 	 	$	4,203.99	 	 	$	58,554.55	 	 	$	766,115.81	 

			
	 	 	 
	FANNIE MAE MULTIFAMILY DMBS NOTE	 	 
	©2003 Fannie Mae
	 	Page C-8          

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Anticipated	 	Payment Due	 	 	 	 	 	 	 	 
	Closing Date	 	Date	 	 	 	Interest	 	Principal	 	Principal Balance
	 	3/1/2038	 	 	 
	 	 	31	 	 	 	4/1/2038	 	 	$	62,758.53	 	 	$	3,905.49	 	 	$	58,853.05	 	 	$	707,262.77	 
	 	4/1/2038	 	 	 
	 	 	28	 	 	 	5/1/2038	 	 	$	62,758.53	 	 	$	3,256.55	 	 	$	59,501.98	 	 	$	647,760.79	 
	 	5/1/2038	 	 	 
	 	 	31	 	 	 	6/1/2038	 	 	$	62,758.53	 	 	$	3,302.14	 	 	$	59,456.39	 	 	$	588,304.39	 

			
	 	 	 
	FANNIE MAE MULTIFAMILY DMBS NOTE	 	 
	©2003 Fannie Mae
	 	Page C-9          

 

SCHEDULE D

RATE SETTING FORM

     Pursuant to Section 3 of that certain Discount MBS Multifamily Note dated as of May 7, 2008
(the “Note”) from the undersigned (the “Borrower”) to CAPMARK BANK, a Utah industrial bank, (the
“Lender”), the Borrower hereby requests that the Lender issue to it an advance to be funded by a
discount mortgaged backed security (“DMBS”) with the following terms:

	 	 	 
	Advance Amount

	 	$                                     &nbs
p;                      
	 
	Term

	 	Three months
	 
	DMBS Issue Date

	 	                                      
;   1,                     
	 
	Discount

	 	                     %
	 
	Price

	 	                                      
;                      
	 
	Closing Date no later than

	 	                                      
;  ,                     

     Defined terms used herein shall have the same meaning as set forth in the Note.

[Signatures on the following page]

			
	 	 	 
	FANNIE MAE MULTIFAMILY DMBS NOTE	 	 
	©2003 Fannie Mae
	 	Page D-1          

 

Dated:                                     
;   

	 	 	 	 	 	 	 	 	 
	 	 	BORROWER	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	SUNRISE FALL CREEK ASSISTED LIVING,

   L.L.C., an Indiana limited liability company	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	Sunrise Senior Living Investments, Inc.,

a Virginia corporation, its sole member	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	54-2058396	 	 
	 	 	Borrower’s Social Security/Employer ID Number	 	 

			
	 	 	 
	FANNIE MAE MULTIFAMILY DMBS NOTE	 	 
	©2003 Fannie Mae
	 	Page D-2          

 

SCHEDULE E

RATE CONFIRMATION FORM

     Pursuant to Section 4(c) of that certain Discount MBS Multifamily Note dated as of May 7,
2008 (the “Note”) from the undersigned (the “Borrower”) to CAPMARK BANK, a Utah industrial bank
(the “Lender”), the Borrower hereby requests that the Lender issue to it an advance for the purpose
of refinancing the Indebtedness under the Note to be funded by a discount mortgaged backed security
(“DMBS”) pursuant to the Rate Setting Form dated
                                        
, from the
Borrower to the Lender. The Lender hereby confirms that it has obtained a commitment for the
purchase of a Fannie Mae DMBS with the following terms:

	 	 	 
	Advance Amount

	 	$                                     &nbs
p;                      
	 
	Term

	 	Three months
	 
	DMBS Issue Date

	 	                                      
;   1,                     
	 
	DMBS Imputed Interest Rate

	 	                     %
	 
	Discount

	 	                     %
	 
	Price

	 	                                      
;                      
	 
	Closing Date no later than

	 	                                      
;  ,                     

			
	 	 	 
	FANNIE MAE MULTIFAMILY DMBS NOTE	 	 
	©2003 Fannie Mae
	 	Page E-1          

 

Dated:                                         ,                     

	 	 	 	 	 
	 	LENDER:

CAPMARK BANK, a Utah industrial bank

 	 
	 	By:  	 	 
	 	 	Max W. Foore 	 
	 	 	Limited Signer 	 
	 

Rate Setting Date:      
                 
                  ,  
                  
 ,                     :    
                 AM/PM Eastern Time

BORROWER AGREES TO AND ACCEPTS THE ABOVE-STATED TERMS FOR THE REFINANCING OF THE INDEBTEDNESS:

Dated:

	 	 	 	 	 	 	 	 	 
	 	 	BORROWER	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	SUNRISE FALL CREEK ASSISTED LIVING,

   L.L.C., an Indiana limited liability company	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	Sunrise Senior Living Investments, Inc.,

a Virginia corporation, its sole member	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	54-2058396	 	 
	 	 	Borrower’s Social Security/Employer ID Number	 	 

 

SCHEDULE TO EXHIBIT 10.2

     In accordance with the instructions to Item 601 of Regulation S-K, the mortgages of the other
15 borrowers have been omitted. The terms of the omitted mortgages are substantially the same as
Exhibit 10.1.exv10w3w2

Exhibit 10.3.2

 

 

	 	 	 
	 

	 	Contract No. CON07000005
	 

	 	Modification No. Three (3)
	 

	 	Page 2 of 5

1. Reference Section C, Description/Specifications/Work Statement, C.1, Performance
WorkStatement/Technical Requirements.

	 	a.	 	The language in Section 2.14.1, Pool Inventory Level, is revised
and updated. Accordingly, Section 2.14.1 is revised to read, in its entirety,
as follows:

2.14.1 Pool Inventory Level

The quantity of thousand blocks that need to be maintained in the inventory pool
should be determined using the following criteria:

	 	•	 	The anticipated assignment rate of thousand blocks from the inventory pool
	 
	 	•	 	No more than a six-month inventory level
	 
	 	•	 	The PA’s analysis on all forecasts filed for each rate area inventory pool
	 
	 	 	 	The PA should make every attempt to have a sufficient quantity of blocks
available for assignment to satisfy demand.

	 	b.	 	The language in Section 2.16.2, Block Application Supporting Data, is
revised and updated. Accordingly, Section 2.16.2 is revised to read, in its
entirety, as follows:

2.16.2 Block Application Supporting Data

Service providers are required to furnish Months to Exhaust (MTE) worksheets with
each growth application. The contractor shall be responsible for assessing the block
applicant’s application to verify that it meets all requirements in order to have a
block(s) assigned.

At a minimum:

1. Block applicants shall be licensed or certified to operate in the rate area, and,
if required, demonstrate that all applicable regulatory requirements have been met
(e.g., facilities readiness criteria).

2. Block applicants shall submit Months to Exhaust (MTE) for telephone numbers (TNs)
with growth block applications.

 

 

	 	 	 
	 

	 	Contract No. CON07000005
	 

	 	Modification No. Three (3)
	 

	 	Page 3 of 5

3. Block applicants shall all have filed a current NRUF for the associated requested rate
area and/or NPA with the NANPA, and a current pooling forecast with the PA.

4. Block applicants shall be confirmed by the PA with the NANPA that the service provider is in
good standing and that no known ineligibility conditions exist (or are under investigation) in
the pooling area in which the service provider is seeking resources prior to assigning
resources to that service provider.

	 	c.	 	The language in Section 2.17.1, Forecast, is revised and updated. Accordingly, Section 2.17.1
is revised to read, in its entirety, as follows:

2.17.1 Forecast

The contractor shall use service providers’ forecast data to size and manage each rate area
pool and shall pass this data on to the NANPA.

Service providers participating in pooling shall submit forecasted demand reports semi-annually
to the contractor. The contractor shall use this data to size and manage each rate area pool and
shall pass this data on to the NANPA using Form 502.

	 	d.	 	The language in Section 2.17.2, Data Request Dates, is revised and updated.
Accordingly, Section 2.17.2 is revised to read, in its entirety, as follows:

2.17.2 Data Request Dates

The NRUF data request shall be consistent with the NRUF reporting dates. The NANPA shall
receive at least semi-annually from the contractor pooling forecast data submitted by service
providers pursuant to the INC Guidelines

	 	e.	 	The language in Section 2.21.3, Reports and Document Distribution, is revised and updated.
Accordingly, Section 2.21.3 is revised to read, in its entirety, as follows:

2.21. 3 Report and Document Distribution

Requested information and reports for external distribution shall be distributed within
three business days after receipt of the request. The pooling administration system
shall be capable of quick processing of raw data into report format to ensure timely
disbursement.

 

 

	 	 	 
	 

	 	Contract No. CON07000005
	 

	 	Modification No. Three (3)
	 

	 	Page 4 of 5

	 	f.	 	The language in Section 2.22.4.5, Reporting, is revised and updated. Accordingly, Section
2.22.4.5 is revised to read, in its entirety, as follows:

2.22.4.5 Reporting

	 	•	 	Annual Report
	 
	 	•	 	Quarterly Pooling metrics report
	 
	 	•	 	Bi-annual Forecasted demand report.
	 
	 	•	 	Rate area inventory pool report.
	 
	 	•	 	Pooling matrices report.
	 
	 	•	 	Monthly report to the FCC on thousands-block pooling assignments.
	 
	 	•	 	Monthly report to the FCC on system performance.
	 
	 	•	 	Monthly report to the FCC on staffing.
	 
	 	•	 	Monthly report to the FCC on the number of ad hoc reports generated.

	 	g.	 	The language in Section 3.1.5, Mechanized Interface with NANPA, is revised and updated.
Accordingly, Section 3.1.5 is revised to read, in its entirety, as follows:

3.1.5 Mechanized Interface with NANPA

The contractor will work with the NANPA to establish within six months from the beginning of
the term of this contract, a functional mechanized interface between the two administration
systems, PAS & the NANP Administration System (NAS), that allows for the passing of information
between the two administration systems and where appropriate, from SPs to the NANPA via the PA
administration system and visa versa.

The interface shall at a minimum provide individually for each of the following transactions:

	 	•	 	non-pooled NXXs in pooling areas
	 
	 	•	 	LRN/LERG Assignee
	 
	 	•	 	NXX Voluntary Return/Abandoned Code Reassignment
	 
	 	•	 	Part 1
	 
	 	•	 	Part 3
	 
	 	•	 	Part 4
	 
	 	•	 	NANPA NRUF Forecast On File
	 
	 	•	 	Aggregate pool MTE
	 
	 	•	 	Red Light Rule daily listing
	 
	 	•	 	SP status and eligibility to be assigned resources
	 
	 	•	 	LRN Forecast

 

 

	 	 	 
	 

	 	Contract No. CON07000005
	 

	 	Modification No. Three (3)
	 

	 	Page 5 of 5

	 	•	 	full NXX applications (see Section 3.1.3, Reference 3 above),
	 
	 	•	 	receipt by the PA of the NANPA Part 3 for full NXX assignments in pooling,
	 
	 	•	 	PA forecast assessments.

	 	h.	 	For the abovementioned changes to a, b, c, d, e, f, and, g,
respectively, see attached Replacement Pages 29, 31, 33, 40, 42, 46, and 47.

	2.	 	Summary Recapitulation:

	 	 	 	 	 
	a. Contract Award (Base Period):
	 	$	4,544,966.00	 
	b. Modification No. 1 (Admin):
	 	 	0.00	 
	c. Modification No. 2 (COP #1):
	 	 	26,825.00	 
	d. Modification No. 3 (Admin):
	 	 	0.00	 
	 
	 	 	 
	 
	 	 	 	 
	Total (to date):
	 	$	4,571,791.00	 

 

 

FCC Contract No. CON07000005

WESTERN REGION: Washington, Oregon, Montana, Idaho, Utah, Arizona, Wyoming, Colorado,
New Mexico, North Dakota, South Dakota, Nebraska, Minnesota, Iowa, Alaska

SOUTHEAST REGION: Kentucky, Tennessee, North Carolina, South Carolina, Louisiana,
Mississippi, Alabama, Georgia, Florida, Puerto Rico

NORTHEAST REGION: Maine, New Hampshire, Vermont, Connecticut, Rhode Island, New York,
Massachusetts

2.14 Industry Inventory Pool

The contractor shall be responsible for all activities associated with the industry inventory pool
establishment and on-going maintenance.

The objective of the industry inventory pool shall be to maintain sufficient blocks of 1,000
numbers to ensure that all participating service providers’ requirements can be met.

2.14.1 Pool Inventory Level

The quantity of thousand blocks that need to be maintained in the inventory pool should be
determined using the following criteria:

	 	•	 	The anticipated assignment rate of thousand blocks from the inventory pool
	 
	 	•	 	No more than a six-month inventory level
	 
	 	•	 	The PA’s analysis on all forecasts filed for each rate area inventory pool

The PA should make every attempt to have a sufficient quantity of blocks available for assignment
to satisfy demand.

2.15 Industry Inventory Pool Establishment Timeline

The contractor shall be responsible for developing the inventory pool implementation timeline in
consultation with the industry. This timeline contains all the steps and dates that participating
service providers shall be required to meet in order to implement thousands-block number pooling in
a designated pooling rate area.

Replacement Page 29

 

 

FCC Contract No. CON07000005

2.16.1 Application Submittals

Block applications shall be transmittable through the Pooling Administration System (PAS) which can
be found on the vendor’s website, or via email.

In addition, the contractor shall be capable of supporting block application(s) by facsimile.

2.16.2 Block Application Supporting Data

Service providers are required to furnish Months to Exhaust (MTE) worksheets with each growth
application. The contractor shall be responsible for assessing the block applicant’s application to
verify that it meets all requirements in order to have a block(s) assigned.

At a minimum:

1. Block applicants shall be licensed or certified to operate in the rate area, and, if required,
demonstrate that all applicable regulatory requirements have been met (e.g., facilities readiness
criteria).

2. Block applicants shall submit Months to Exhaust (MTE) for telephone numbers (TNs) with growth
block applications.

3. Block applicants shall all have filed a current NRUF for the associated requested rate area
and/or NPA with the NAN PA, and a current pooling forecast with the PA.

4. Block applicants shall be confirmed by the PA with the NANPA that the service provider is in
good standing and that no known ineligibility conditions exist (or are under investigation) in the
pooling area in which the service provider is seeking resources prior to assigning resources to
that service provider.

2.16.3 Source

Applications shall be assigned from both contaminated (10% or less) and non-contaminated
inventoried pooled blocks.

Contamination occurs when at least one telephone number within a donated thousand block is not
available for assignment to customers of the block holder.

Replacement Page 31

 

 

FCC Contract No. CON07000005

provide all other information and referral contacts to requesting parties within a timeframe that
is agreed upon between the PA and the requesting party based upon the urgency of the failure. The
PA may be asked to contact and/or provide proprietary information to the owner of the information
if for example, the only way to contact or view the proprietary information was by the PA
contacting the party and asking them to call and/or cooperate with others who need information that
they themselves can only provide for the purposes of resolving a failure.

2.16.9 Notification

The contractor shall notify the NPAC of all block assignments to ensure that the appropriate
porting activity and industry notification occurs.

2.17 Management of the Pool Inventory

The contractor shall maintain a six-month inventory pool for each rate area in order to meet the
forecasted resource needs of participating service providers.

2.17.1 Forecast

The contractor shall use service providers’ forecast data to size and manage each rate area pool
and shall pass this data on to the NANPA.

Service providers participating in pooling shall submit forecasted demand reports semi-annually to
the contractor. The contractor shall use this data to size and manage each rate area pool and shall
pass this data on to the NANPA using Form 502.

2.17.2 Data Request Dates

The NRUF data request shall be consistent with the NRUF reporting dates. The contractor shall
request at least semi-annually from the NANPA number resource utilization and forecast NRUF data
submitted by service providers pursuant to the FCC’s mandatory reporting requirement.

2.17.3 Forecast Analysis

The contractor shall perform an analysis on all forecasts filed for each rate area inventory pool.

This analysis shall be used by the Pool Administrator to ensure that there are adequate blocks
available to meet the expected applications from participating service providers in each rate area
pool inventory.

Replacement Page 33

 

 

FCC Contract No. CON07000005

2.21.2 Pooling Matrices Report

The contractor shall be required to complete a pooling matrices report that contains pooling
information to be used in assessing the status of pooling by NPA/Rate Area. An illustration of
such a matrix is included in Appendix D. This form and its content are subject to change and shall
be completed by the contractor quarterly and forwarded to the FCC.

2.21.3 Report and Document Distribution

Requested information and reports for external distribution shall be distributed within three
business days after receipt of the request. The pooling administration system shall be capable
of quick processing of raw data into report format to ensure timely disbursement.

2.22 Performance Measurements (Also see Required Performance Metrics in 5.0)

There are several ways that performance will be measured. Each derives input from different sources
and, therefore, no single item should be considered of greater or lesser value than the others.

2.22.1 Assessment Period

On at least an annual basis, the FCC or its designee shall formally assess the performance of the
contractor.

2.22.2 Remedial Action

The contractor shall be required to implement any remedial action to correct any identified
performance problems within 30 calendar days.

2.22.3 Pooling Administration Quality Assurance (QA)

The performance monitoring process shall include, but not be limited to, internal, documented
performance monitoring mechanisms to be developed and implemented by the contractor and made
available to the industry through the FCC.

The contractor’s QA plan, required following contract award, shall follow the format, where
applicable, of Appendix B, Reference 21, IEEE Standard for Software Quality Assurance Plans.

The contractor is required to have its representative(s) participate in a monthly call with
the NANC or its designated oversight working group. The primary activities will

Replacement Page 40

 

 

2.22.4.3
Communications

	•	 	Phone Calls

	 	O	 	Received
	 
	 	O	 	Not Returned by Next Business Day

	•	 	General inquiries or questions made outside the normal business hours Not Returned by Next
Business Day

2.22.4.4 Forecasting data on a per-state basis

	•	 	Quantity of Rate Center Pools
	 
	•	 	Quantity of NXXs Applied for by SPs for Pool Replenishment
	 
	•	 	Quantity of Rate Centers with Less than a 6-month supply

2.22.4.5 Reporting

	•	 	Annual Report
	 
	•	 	Quarterly Pooling metrics report
	 
	•	 	Bi-annual Forecasted demand report
	 
	•	 	Rate area inventory pool report
	 
	•	 	Pooling matrices report
	 
	•	 	Monthly report to the FCC on thousands-block pooling assignments
	 
	•	 	Monthly report to the FCC on system performance
	 
	•	 	Monthly report to the FCC on staffing
	 
	•	 	Monthly report to the FCC on the number of ad hoc reports generated

2.22.4.6 Application Processing on a monthly basis

	•	 	Total applications processed 

	•	 	# of applications
not processed in 7 calendar days

	•	 	# of block assignments made
	 
	•	 	# of change requests to existing blocks
	 
	•	 	# of requests to cancel
	 
	•	 	# of block disconnect requests
	 
	•	 	# of block requests denied
	 
	•	 	# of blocks reclaimed
	 
	•	 	# of block reservation requests

2.22.4.7 Reserved

2.22.4.8 Reserved

Replacement Page 42

 

 

FCC Contract No. CON07000005

	•	 	Part 4 PA — Confirmation of Code In Service (Submitted by
the Pooling Administrator)

3.1.4 Automated Data Output Capabilities

The contractor shall accommodate automated data output via File Transfer Protocol (FTP) to service
providers when transmitting data from Appendix B, Reference 2, INC TBPAG, Attachment 3/Part 3, and
other industry forms/data or reports.

The contractor shall ensure that the system is capable of the following items:

	 	•	 	Denied requests will generate a Part 3 with all of the information pertaining to the
specific request listed and the reason for the denial in the remarks field of the Part 3.
	 
	 	•	 	OCN names are current as published in the LERG. This will ensure that any changes due
to merger/acquisition are reflected in the system automatically. SPs will not have to
notify the PA of the changes.
	 
	 	•	 	All request information is viewable on the screen when the SP is submitting a request
(e.g.. fields should allow for all characters to be viewed on the working screen)..
	 
	 	•	 	Give SPs the option of requesting different effective dates on various blocks of a
multiple block submission. This will help SPs when the Part 4s are due.
	 
	 	•	 	For system generated emails on block submissions, include the PAS Tracking Number as
part of the subject line. This will help SPs identify which request the email pertains to.

3.1.5 Mechanized Interface with NANPA

The contractor will work with the NANPA to establish within six months from the beginning of the
term of this contract, a functional mechanized interface between the two administration systems,
PAS & the NANP Administration System (NAS), that allows for the passing of information between the
two administration systems and where appropriate, from SPs to the NANPA via the PA administration
system and visa versa.

Replacement Page 46

 

 

FCC Contract No. CON07000005

The interface shall at a minimum provide individually for each of
the following transactions:

	 	•	 	non-pooled NXXs in pooling areas
	 
	 	•	 	LRN/LERG Assignee
	 
	 	•	 	NXX Voluntary Return/Abandoned Code Reassignment
	 
	 	•	 	Part 1
	 
	 	•	 	Part 3
	 
	 	•	 	Part 4
	 
	 	•	 	NANPA NRUF Forecast on File
	 
	 	•	 	Aggregate pool MTE
	 
	 	•	 	Red Light Rule daily listing
	 
	 	•	 	SP status and eligibility to be assigned resources
	 
	 	•	 	LRN Forecast
	 
	 	•	 	full NXX applications (see Section 3.1.3, Reference 3 above),
	 
	 	•	 	receipt by the PA of the NANPA Part 3 for full NXX assignments in pooling,
	 
	 	•	 	SP forecast information provide to NANPA via the NRUF process,
	 
	 	•	 	PA forecast assessments.

3.1.6 Alternative Data Capabilities

The contractor shall support fax and email submissions related to thousands-block
documentation (e.g., applications, forecast reports, etc.).

3.2 Characteristics

The pooling administration system shall utilize electronic commerce type functionality.

 The
system shall allow efficient user interaction and file transfer.

3.3 System Reliability, Availability, Capacity, and Performance

The pooling administration system shall possess high reliability and allow for economical and
efficient system expansion.

The pooling system shall, at a minimum, adhere to the following availability and reliability
requirements:

	 	•	 	Available 24 hours, 7 days a week
	 
	 	•	 	Availability shall meet or exceed 99.9% of scheduled up time

Replacement Page 47

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