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of such r- 11.1- tntional Morigagp les In has been received, whether or not such full ;%mount is equal to the stated principal balance of the conventic:nal Mortgage Loan. Fannie Hae a", in its discretion, include with any distribution, principal prepsyments, both full ani partial, received during the rnnth prior to the r nth of distribution Hit is under no obligation to cd,) s:o. PROGRAM A.^,SLWTIONS ASID RONDBOI.D€,RS' RISES Program Aaaumptions The Authority estimates, based on information provided to it by the Underwriters (herein defined), that the payments of principal of and interest on the Series A Mortgage Certificates expected to be purchased with amounts on deposit in the Series A Accptisition Fund plus the -oneys on deposit in the various fund: and accounts related solely t.o the Serie<s A Bonds, including earnings thereon (except for amounts in the Rebate Fund, the Program Expense Fund and the Cost of Issuance Fund), will generate sufficient revenues to pay On a timely basis the principal of and interest on the Series A Fc.:ids. The sufficiency of such revenue_; is based on the following assumptions: (1) Series A Mortgage Certificates will be purchased by the Trustee cn behalf, of the Authority on the Certificate Purchase Dates (or such other dates as provided in the Indenture) on the terms set forth in the Series A Program Administration and Servicing Agreements and the Indenture. The Series A Mnrtgage Certificatrs are backed by the Series A Mortgage Loans, which provide for level monthly payments of principal and interest and gear interest at 6.65% per annum, except as described below undt_r the- heading "THE. PROGRAM -- Interest Rate:: on the Series A Mortgage Loans." The Pass - Through Pats ,n each series A (3NMA Cert i f icat a and Fannie Mae security n"t r,t awounte retained by the Servicer t(,r UitMA and the Fannie Mae guarantee and servicinq tees, respectively, and the R=mws se ry i c+e Pea, if any, will d e equal to 6.1S% per annual. Tine principal psywant s and p repayment s on the Series A Mortgage Loans are passed through to tete Trustee as holder of the S+ries A Mortgage f`_tt j icat es. (i) To t h• est ant. that the awounte On deposit in the So t i• a A Ac-qu i s i t i on Fund are not used to purchase no. gpe Certificates on behalf of the Authority in the &einust ant. i c i pat ewe! , such aXney will be used instead to tredeesi the series A bonds as deecribsd lanais. ass *I= Milo A sups ion prow 1 s a ace' herein. (3) a1 ) .;rt .. z A Mott Ossa IAW w wall have low UWKalp t.ayawwta I i , ; j 1 and t+rtt east over iN wnwtINS asd way be pev"tif at airy t ,mc %tatbout pswsity. s"