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• his c,7- her princil'al. I CSideri! e AR lcrtg as he Or a1K2 ie tiat?le c n fpr the Series A Mc rt._3age Loan, (iii) the A%(luisition Price cf the Sin, ile Family Residence does not exce=7d limits then applicable '.or an existing Single Family Residence in the Counties, (iv) the. Series A Mortgage Loan will continue to be insured under the insuranre policies described in the Origination Agreement and approved by the Servicer, (v) the purchaser's Current Annual Family Income does not exceed the then applicable Maximum Current Annual Family Income, as established by the Authority, (vi) the Series A Mortgage Loan will continue to comply with the requirements of Fannie Mae, FHA, VA and RECD Regulations, the Program Documents, the Lender's Guide and the GNNA Guide or Fannie Mae Guides, as applicable, (vii) the Servicer provides to the assuming mortgagor notice of the recapture provisions of the code, (viii) except for residences in a Targeted Area, the purchaser is a First Time Homebuyer, and (ix) it does not contain terms which the Servicer has been advised will affect the exclusion from gross income for federal income tax purposes of interest on the Bonds. The assumption restrictions shall be incorporated in the related Mortgage and kept as a part of the Mortgage File. In connection with any such assumption agreement, the interest rate of the mortgage note shall not be changed; however, the Servicer may charge in connection with each assumption an assumption fee not to exceed the maximum amount permitted by Fannie Mae, FHA, VA, or RECD as applicable, plus, to the extent permitted by law and Fannie Mae, FHA, VA or RECD as applicable, the reasonable and customary out-of- pocket costs paid or incurred by the Servicer as specified in the Series A Origination Agreement. Foreclosure Lavers A standard form real estate mortgage is used in the State as the security instrument in real estate loans. The Mortgagor continues to hold legal title to the real property involved and the mortgagee obtains only a lien on that property under the Mortgage. The Mortgage must include a description of the property encumbered by the Mortgage and must identify (but need not describe in great detail) the indr.4,1-ftess secured or to be secured by the Mortgage. In they Stator ,,f. Florida. mortgage foreclosure is a judicial 1)rOrppdi n'a . The Servicer THE KdYAAOING I !NAT I ( (taw f pa Its t,4tVG"TI()t1. SUM II//(ONftTICM IM Wr 2i VWI 1 i -D AT TU AtTUOtM. Tat taRaaZf6 IT'M. THUN RJWJFaITIVN COMLL OR am tom. AND IS IM QNRAMVED a TO as MXNACT R. AW p Eff TO IS 0�10 At A or TS AgawalT. Tis RZ IMS. TW IR RANNMaCTM COt11. Co aW Tas bsrrtoet, ►►rs�t ret 1.aorraee ose�xat Iw. rr lsase�ss�tw a. irwe •. leve rmAes sas at sal State at of