Critical Path Due Dates

The Servicer ServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. must ensure that the final prepayment amount quoted to the Borrower BorrowerPerson who is the obligor per the Note. prior to prepayment is correct.  Accordingly, before the Servicer ServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. advises the Borrower BorrowerPerson who is the obligor per the Note. of the final prepayment amount, the Servicer ServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. must verify such amount with the Bond Trustee Bond TrusteeTrustee for a Credit Enhancement Instrument. and Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! .

1.  No less than 10 days prior to the scheduled prepayment date, the Servicer ServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. must obtain the Bond Trustee's Bond Trustee'sTrustee for a Credit Enhancement Instrument. written confirmation of all amounts due and payable in connection with the prepayment.

2.  No less than 10 days prior to the scheduled prepayment date, and after verifying amounts due on the Bonds BondsTax-exempt or taxable multifamily revenue bonds, or other tax-exempt or taxable bonds, issued to finance 1 or more Credit Enhancement Mortgage Loan Properties. with the Bond Trustee Bond TrusteeTrustee for a Credit Enhancement Instrument. , the Servicer ServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. must request verification of the full or partial prepayment amount from Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! .

3.  No less than 5 days prior to the day the Borrower BorrowerPerson who is the obligor per the Note. is required to initiate the prepayment, the Servicer ServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. must advise the Borrower BorrowerPerson who is the obligor per the Note. in writing of the full amount necessary to make the prepayment.

NOTE: The day the Borrower BorrowerPerson who is the obligor per the Note. is required to initiate the prepayment will be before the day the Bonds BondsTax-exempt or taxable multifamily revenue bonds, or other tax-exempt or taxable bonds, issued to finance 1 or more Credit Enhancement Mortgage Loan Properties. are to be redeemed.

4.  For weekly variable rate bonds, immediately following the last day on which interest is determined on the Bonds BondsTax-exempt or taxable multifamily revenue bonds, or other tax-exempt or taxable bonds, issued to finance 1 or more Credit Enhancement Mortgage Loan Properties. before the scheduled redemption date of the bonds, the Servicer ServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. must re-verify the amount the Borrower BorrowerPerson who is the obligor per the Note. must pay for the prepayment.  The Servicer ServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. must immediately advise the Borrower BorrowerPerson who is the obligor per the Note. of any correction required by the re-verification.

The Servicer ServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. should note that the transaction documents do not uniformly address the redemption premium, if any, payable to Bondholders and Prepayment Premium Prepayment PremiumFor a Mortgage Loan prepayment, amount the Borrower must pay in addition to the prepaid principal and accrued interest per the Loan Documents. or termination fee, if any, payable to Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! on account of a prepayment of the Mortgage Loan Mortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. Test Notes-SV Test Again Sub-bullet test1 Sub-bullet test2 .  In some instances, the fee maintenance Prepayment Premium Prepayment PremiumFor a Mortgage Loan prepayment, amount the Borrower must pay in addition to the prepaid principal and accrued interest per the Loan Documents. set out in the Note NoteInstrument evidencing a Mortgage Loan obligation, including  Form 6010 series,  any other Fannie Mae-approved note, and  all applicable addenda, schedules, and exhibits.  will be payable to Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! .  In other instances, the Prepayment Premium Prepayment PremiumFor a Mortgage Loan prepayment, amount the Borrower must pay in addition to the prepaid principal and accrued interest per the Loan Documents. payable under the Note NoteInstrument evidencing a Mortgage Loan obligation, including  Form 6010 series,  any other Fannie Mae-approved note, and  all applicable addenda, schedules, and exhibits.  must be remitted to the Bond Trustee Bond TrusteeTrustee for a Credit Enhancement Instrument. for payment to bondholders as a redemption premium.  In this case, the Borrower BorrowerPerson who is the obligor per the Note. may be required to pay a Termination Fee to Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! pursuant to the Reimbursement Agreement.  The Servicer ServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. must be alert to these requirements.