Common use of Monthly Payments of Interest and Principal Clause in Contracts

Monthly Payments of Interest and Principal. (i) On the Payment Date occurring in December, 2005, and on each Payment Date thereafter to and including the Payment Date occurring in July, 2010, Borrower shall pay to Lender a monthly payment of interest only on the unpaid Principal Indebtedness, in the amounts set forth on the amortization schedule attached hereto as Schedule 3, which payments shall be calculated using the Interest Rate. (ii) On the Payment Date occurring in August, 2010, and on each Payment Date thereafter, Borrower shall pay to Lender a monthly constant payment in the amount of $590,694.48,which amount is calculated by using the Interest Rate and a 25-year amortization schedule.

Monthly Payments of Interest and Principal. (i) On the Payment Date occurring in December, 2005, and on each Payment Date thereafter to and including the Payment Date occurring in July, 2010, Borrower shall pay to Lender a monthly payment of interest only on the unpaid Principal Indebtedness, in the amounts set forth on the amortization schedule attached hereto as Schedule 3, which payments shall be calculated using the Interest Rate. (ii) On the Payment Date occurring in August, 2010, and on each Payment Date thereafter, Borrower shall pay to Lender a monthly constant payment in the amount of $590,694.48,which 477,673.84,which amount is calculated by using the Interest Rate and a 25-year amortization schedule.

Monthly Payments of Interest and Principal. (i) On the Payment Date occurring in December, 2005, and on each Payment Date thereafter to and including the Payment Date occurring in July, 2010, Borrower shall pay to Lender a monthly payment of interest only on the unpaid Principal Indebtedness, in the amounts set forth on the amortization schedule attached hereto as Schedule 3, which payments shall be calculated using the Interest Rate. (ii) On the Payment Date occurring in August, 2010, and on each Payment Date thereafter, Borrower shall pay to Lender a monthly constant payment in the amount of $590,694.48,which 958,657.90,which amount is calculated by using the Interest Rate and a 25-year amortization schedule.

Monthly Payments of Interest and Principal. (i) On the Payment Date occurring in December[February, 20052006], and on each Payment Date thereafter to and including the Payment Date occurring in July, 2010, Borrower shall pay to Lender a monthly payment of interest only on the unpaid Principal Indebtedness, in the amounts set forth on the amortization schedule attached hereto as Schedule 3, which payments shall be calculated using the Interest Rate. (ii) On the Payment Date occurring in August, 2010, and on each Payment Date thereafter, Borrower shall pay to Lender a monthly constant payment in the amount of $590,694.48,which 712,276.34,which amount is calculated by using the Interest Rate and a 25-year amortization schedule.

Monthly Payments of Interest and Principal. (i) On the Payment Date occurring in December, 2005, and on each Payment Date thereafter to and including the Payment Date occurring in July, 2010, Borrower shall pay to Lender a monthly payment of interest only on the unpaid Principal Indebtedness, in the amounts set forth on the amortization schedule attached hereto as Schedule 3, which payments shall be calculated using the Interest Rate. (ii) On the Payment Date occurring in August, 2010, and on each Payment Date thereafter, Borrower shall pay to Lender a monthly constant payment in the amount of $590,694.48,which 511,672.42,which amount is calculated by using the Interest Rate and a 25-year amortization schedule.