Receivable Not Assumable No Receivable is assumable by another Person in a manner which would release the Obligor thereof from such Obligor’s obligations to the owner thereof with respect to such Receivable.
UPPER-TIER REMIC REMIC 4.
Fixed Interest Rate Annual interest rate shall be /% and will not change during the duration.
Fixed Interest Rates Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of ARD loans and situations where default interest is imposed.
Fixed Assets 9 2.10.Leases........................................................10 2.11.Change in Financial Condition and Assets......................10 0.00.
Simple Interest Method All payments with respect to the Receivables have been allocated consistently in accordance with the Simple Interest Method.
Characteristics of Receivables As of the Cut-Off Date (or such other date as may be specifically set forth below), each Receivable: