Extract to table

25% per annum, a ten (10)-year term maturing in 2035, a thirty (30)-year amortization schedule, and monthly debt service payments of principal and interest of approximately One Million Four Hundred Seventy-Seven Thousand Eight Hundred Forty-Six and No/100 Dollars ($1,477,846), resulting in aggregate annual debt service of approximately Seventeen Million Seven Hundred Thirty-Four Thousand One Hundred Fifty-Two and No/100 Dollars ($17,734,152); WHEREAS (E), as a material condition to Lender's agreement to lock the interest rate on the Proposed Loan at the rate set forth in the Term Sheet, Depositor is required to deliver to Lender a rate lock deposit in the amount of Two Million Four Hundred Thousand and No/100 Dollars ($2,400,000), representing one percent (1

The Deposit shall be held, applied, and returned (or retained) in accordance with the terms and conditions of this Side Letter

Depositor shall initiate the wire transfer on the date of execution of this Side Letter and shall use commercially reasonable efforts to ensure that the funds are received by Lender no later than 5:00 p

The wire transfer shall be made in accordance with the wire instructions set forth in Exhibit A and shall include the reference number specified in Section 1

All communications between the Parties with respect to the Deposit shall reference such number prominently

Lender shall promptly confirm receipt of the Deposit in writing (which may be by email) to Depositor at the notice addresses set forth in Section 10 of this Side Letter, and in any event shall confirm receipt no later than two (2) business days following actual receipt of the Deposit