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insured under t l'o, 'r annie Viae ct-Ameunit y Holtz Buyer's Program which conform tc- the Condit ionN set forth in the pool purchase Contract. See "THF PROGRAM" for a general description of the Fannie Nae Ccmv*vtuni ty lln-te Buyer's ProgrAN, Pursuant to the requirements of tho Fannie Mae Gaides, as of January 1, 1995, the original principal balances of the Conventional Mortgage Loans to be sold to Fannie Mae may not exceed $207,000 to be eligible for purchase by Fannie Mae. The Series A Mortgage Loans must be Conventional Mortgage Loans with loan -to - value ratios not in excess of 951 (unless authorized as a variance under the Pool Purchase Contract). Conventional Mortgage Loans with loan -to -value ratios exceeding 801 must be insured by a policy of primary mortgage insurance with coverage levels which satisfy the Fannie Mae Guide. The provider of the mortgage insurance must be acceptable to Fannie Mae. Under the Pool Purchase Contract, the 95m loan -to -value limitation for Series A Mortgage Loans will be based upon the lower of (1) the acquisition cost plus rehabilitation cost, if any, of a home, o7 (7) the appraised value of a home after completion of any rehabilitaticn. The maximum combined loan -to -value ratio is also 951 where subordinate financing is provided (unless authorized as a variance under the Pool Purchase Contract). The Pool Purchase Contract also provides that, in underwriting Mortgage Loans for the Fannie Mae Cc-nmunity Home Buyer's Program, certain exceptions will be made from the Fannie Mae Guides for down payment requirements for and determining whetht-r a household's income satisfies the requirements for purchase by Fannie Mae. The Pool Purch=ase Contract obligates: the Servicer to service the Series A Mortgage Loans in accordance with the requirements of the Fannie Mae- Guid-!s, and the Pool Purch•:a:aN Contract. Series A Fannie Mae Securities Each Series A Fatuiie Midas Security will represent the entire interest in a specified pool of Conventional Mortgage Loans purrhase+d by Fannie Mae ft the Servicer and identifiers in records maintained by Fannie Mae. The pool purchase Contract requires that each Series A Fannie Has Security be in a uinisan aoount of '21,0,000. The Conventional Mortgage Loans backing each Series A Fannie Mae S*curity will (except as otherwise provided under the heading " PWX&A 1 -- tatereat Rates on the Mortgage Loans-) bear interest I +„6Sf r asumm and eachi Fannia Mae Security will bear sntersa? .? $.,IS% r annus (the •Pese-lbr+ough Rate*) The liffwr•n, ween the interest rets on the Convent sacral Mortga Lge oar:e e. i ? +.� 14u - ltr'auph Rata as this ►sesta Mks seem ty wi l l be ,-ol ".. ? ..i ,- tin Servicer and and to pe this sssfteise tee of • .771i &ren : , .lm: and ►awls Nee'e OW&CAety Tee of 0.?1I per aeello, and, "WADS < tr ? •sat a �teearestssoer. tot>s dohs Semtex M to the Sorvioer es described under t, hiota” -M /Si0�t81 ! m erns *mos as the tleet~ Losns - • as