Fixed for entire term to maturity

30 / 360 day basis

Monthly (payment is first credited to interest due, then to principal reduction)

At the time of the borrowing, a corresponding coupon rate for the MMA is established, based on the coupon rate of a FHLMC/FNMA MBS; the coupon rate is used to establish a constant prepayment rate (CPR) index; during each 12-month period, borrower is entitled to make a principal prepayment equal to the corresponding CPR percentage with no fee; any additional prepayment may be subject to prepayment fee; monthly payment is reset after any prepayment of principal

A Balloon Payment Advance application is required for each borrowing