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active military duty, shall bear interert. at a rate in excess of b$ per annum, except in certain limited circumstances. In the opinion of the U.S. Department of Housing and Urban Development, the benefits of such act constitute a forgiveness of the obligation in excess of 6% per annum rather than a forbearance of collection. Fannie Mae has indicated that it will follow the requirements of the SSCRA and forgive interest in excess of 6%, and that it will not require the Servicer to be responsible for paying any deficiency resulting from such forgiveness. However, the Pass - Through Rate on the Fannie Mae Securities would be reduced by the forgiven interest amount. GNMA has indicated that, in the event the SSCRA causes a deficiency in amounts received on the Mortgage Loans backing GNIMA Certificates, the Servicer, and not GNMA, would be responsible for paying such deficiency. There can be no assurance that the Servicer would be willing or able to pay any such deficiency. If any such deficiency is not paid by the Servicer, GNMA will pay such deficiency, to the extent required by its guaranty of the GNMA Certificate. The Authority is unable to determine whether the provisions of the SSCRA will affect the willingness of Participants to originate Mortgage Loans, or the willingness of the Servicer to perform its obligations under the Origination Agreement. THE PROGRAM General Description The Series A Mortgage Loans will be secured by first mortgage liens on Single Family Residences in the Counties. The Single Family Residences may include condominium units or units in a Planned Unit Development ("PUD"), single family attached and detached residences meeting the requirements of FHA, VA, RECD or i.anrie Mae, as applicable, and the GNMA Guide and Fannie Mae Guide, as applicable. Series A Mortgage Loans must be made to persons or families who intend to principally and permanently reside in the Single Family Residences and who are of low, moderate or middle income who qualify for such financing based upon the income limits established from time to time by the Authority. Unless the Single Family Residence is located in a Targeted Area, each person executing the Mortgage must be a First-time Homebuyer. The Maximum Current Annual Family Income for the Counties, which ameyunts may b* redetermined by the Authority frc:m time to time, is asa follows;: