Form RD 3560-16 Multifamily Housing Reamortization Agreement

USDA
Form RD 3560-16
(02-05)

MULTI FAMILY HOUSING
REAMORTIZATION AGREEMENT

INSTRUCTIONS - Type or print in capitalized elite type in spaces marked (

).

1. Borrower Case Number

2. Project Number

3. Loan Number

4. a. Borrower Name

5. Type of Reamortization (see FMI)

6. Date of Reamortization

b. Project Name

7. Total Amount of Reamortization

8. Type of Note Code (see FMI)

9. Note Interest Rate

10. Bond Code

11. Repayment Period

0 = Not Applicable
1 = Serial Bonds
2 = Single Bond

Complete Items 12 Through 14 for Labor Housing Daily Interest Accrual
12. Interest Only Due Date

13. Daily Interest Accrual Installment Amount

14. Daily Interest Accrual Installment Amount

Complete Items 15 Through 18 For Delinquency Reamortization Only
15. Delinquent Interest

16. Past Due Interest

17. Past Due Principal

18 Accrued Interest Reamortized

The United States of America, acting through the Rural Housing Service, or a successor agency, United States Department of
Agriculture (called the ''Government''), is the owner and holder of a promissory note or assumption agreement in the principal
sum of
Dollars ($
),
plus interest on the unpaid principal of
percent (
) per year
which was made or assumed by
and
(called ''Borrower''), dated
, 20
, and payable to the order of the Government.
. The interest due
The unpaid principal balance (including advances) is $
(including interest on advances) to date is $
. The late fee to date is
$
The total debt to date is $
, which is now principal.

Position 2

Because one or more of the conditions set forth in regulations of the Government have been met for obtaining a reamortization
of the debt the Government agrees to grant this reamortization of said loan and Borrower agrees to make payments in
accordance with the installment information shown below.
The first installment in the amount of $
, will be due and payable on
. Thereafter, regular installments each in the amount of $
, 20
will be due and payable on the first day of each month until the principal and interest are paid, except that the final installment
of the entire debt, if not paid sooner will be due , and payable on
.
Payments of principal and interest shall be applied, and late fee charges shall be assessed in accordance with the Government's
accounting procedure in effect on the date of receipt of the payment. Borrower agrees to pay late charges in accordance with
regulations of the Government in effect when a late charge is assessed.
Nothing in this agreement affects any of the terms or conditions of the note or assumption agreement, or the instruments
securing it, other than the payment schedule (which includes the due date of the final installment), and the method of applying
payments on the account.
Upon default in the payment of anyone of the above installments or in case of a failure to comply with any of the conditions
and agreements contained in the above-described note or assumption agreement or the instruments securing it, the Government
at its option may declare the entire debt immediately due and payable and, may take any other action authorized therein.

(Borrower Name)

(Date )

ATTEST:

BY:
(Borrower Signature)

(Title)
TITLE:

United States of America
Rural Housing Service
BY:
(Approval Official Signature)

DATE:

TITLE: