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ANNUAL INSTALLMENT DUE 1/31/2023 <br /> ■ Improvement Area #1-3 Bonds Principal and Interest —The total principal and interest <br /> on the PID Bonds required for this year's Annual Installment is $601,375.00. <br /> ■ Additional Interest—The Delinquency and Prepayment Reserve Requirement,as defined <br /> in the Indenture, of $770,000.00 has not been met. As such, the Delinquency and <br /> Prepayment Reserve will be funded with Additional Interest on the outstanding <br /> Assessment, resulting in an Additional Interest amount due of$70,000.00. <br /> ■ Annual Collection Costs — The cost of administering the PID and collecting the Annual <br /> Installments shall be paid for on a pro rata basis by each Parcel based on the amount of <br /> outstanding Assessment remaining on the Parcel. The total Annual Collection Costs due <br /> is $40,800.00. <br /> Principal $ - <br /> Interest $ 601,375.00 <br /> Capitalized Interest $ (601,375.00) <br /> Additional Interest $ 70,000.00 <br /> Annual Collection Costs $ 40,800.00 <br /> Total Installment $ 110,800.00 <br /> See Exhibit C for the debt service schedule for the Improvement Area #1-3 Bonds as shown in <br /> the official statement. <br /> PREPAYMENT OF ASSESSMENTS IN FULL <br /> No full prepayments of Assessments have occurred within the District. <br /> Please see Exhibit D for a form of Notice of PID Assessment Termination. <br /> PARTIAL PREPAYMENT OF ASSESSMENTS <br /> No partial prepayments of Assessments have occurred within the District. <br /> EXTRAORDINARY OPTIONAL REDEMPTIONS <br /> No extraordinary optional redemptions of the PID Bonds have occurred. <br /> WHISPER SOUTH PID 2022 ANNUAL SERVICE PLAN UPDATE 3 <br />