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with pt of=f-ds of the :'crit=s B I=cn:i, c,r any Additional Ponds. "Origination Fee" -:ears a fee not in excess of It of the original principal amount of each Series A Mortgage Loan bearing interest at a rate of b.65% and '7.65% per annum, to be retained by the Participant as partial compensation for originating each Mortgage Loan, payable in the manner provided in the Origination Agreement. "Origination Period" means, (i) with respect to Mortgage Loans originated with proceeds of the Series A Bonds, the period for the Purchase of Mortgage Loans from the Participants by the Servicer commencing on the Application Start nate and ending on April 1, 1997 (May 1, 1997, in the case of Mortgage Loans funded from Targeted Proceeds), unless extended as provided in the Indenture, and (ii) with respect to Mortgage Loans originated with proceeds of the Series B Bonds, the period for the purchase of Mortgage Loans from the Participant by the Servicer commencing on the applicable Mandatory Tender nate and ending on the date twelve months following such date (thirteen months with respect to Targeted Area Loans), unless extended as provided in a supplemental indenture, in each case, with 60 days' notice to, and the written consent of, the Servicer; provided that each Origination Period shall end at least 30 days prior to the end of the Certificate Acquisition Period (unless waived by the Servicer). "PMI insurance" shall mean private mortgage guaranty insurance requited in connection with a Conventional Mortgage I.cr3n. "Pass-Through Rate" m+aans that rate of interest stated on a Serie:; A G'MA CertiIicat_� or a Fannie Mae Security equal to 6.15% per annum. "Planned Unit Development• or •PUD* m-Aans a real estate development of c p:ir at. ] y owned lots, with: ( i ) cont iquous or noncontiquoas areas ()r facilities usually owned by an owners, association in which th- owners of the lots have a stock or t*embership interF :;t ; (ii) title to the real estate under the dwelling unite being held by the individual lot owners and not by the owners, association; (iii) th0 association having title to and mdainisteri,aq the caxnoon areas, and levying amthly charges against the lot OWUS Is for common areas expenses; and 9iv) membership in + he owners' association not being serrered t roe the ownership of an r,dividu',] unfit. "Ylmdg*d ltese®IIMe srsaOs, collectively. the fence A Pledged a: ,. .. • . series a Pledged levessase. tUs Mostgaps Lamme bold ae past of a us Pavexes 8100 peel of bboeteave Ld 0 . abseA 09 WIWI0 ilk blest tt te+0tes as Pss>Rie 1800 M