Equal Installments. Except for Escalating Principal Payment Contracts and the Step-up Rate Contracts, each Group I Contract has a fixed APR and provides for level monthly, bi-weekly or semi-monthly payments of principal and interest which fully amortize the loan over its term. If the Contract is a Group II Contract, it has a variable APR based on the Index. The Contract is an Actuarial Contract.
Appears in 3 contracts
Samples: Custodial Agreement (Vanderbilt Mort & Finance Pass Through Cert Series 1999b), Pooling and Servicing Agreement (Vanderbilt Mort & Fi Inc Man Ho Co Se Su Pas Th Ce Se 2000a), Pooling and Servicing Agreement (Vanderbilt Mort & Fin Inc Sen Sub Pas THR Cert Ser 1999c)
Equal Installments. Except for Escalating Principal Payment Contracts and the Step-up Rate ------------------ Contracts, each Group I Contract has a fixed APR and provides for level monthly, monthly or bi-weekly or semi-monthly payments of principal and interest which fully amortize the loan over its term. If the Contract is a Group II Contract, it has a variable APR based on the Index. The Contract is an Actuarial Contract.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Vanderbilt Mort & Fin Inc Man Ho Co Se Su Pa Th Ce Se 1998a)
Equal Installments. Except for Escalating Principal Payment Contracts and the Step-up Rate ------------------ Contracts, each Group I Contract has a fixed APR and provides for level monthly, bi-weekly or semi-monthly payments of principal and interest which fully amortize the loan over its term. If the Contract is a Group II Contract, it has a variable APR based on the Index. The Contract is an Actuarial Contract.
Appears in 1 contract
Samples: Custodial Agreement (Vanderbilt Mort & Fin Inc Pass Throu Cert Ser 1998b)
Equal Installments. Except for Escalating Principal Payment Contracts and the Step-up Rate Contracts, each Group I Contract has a fixed APR and provides for level monthly, bi-weekly or semi-monthly payments of principal and interest which fully amortize the loan over its term. If the Contract is a Group II Contract, it has a variable APR based on the Index. The Contract is an Actuarial Contract.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Vanderbilt Mort & Fin Inc MFR HSG Sr Sub Pa Th Ce Sr 1998c)
