Orange County NC Website
10 <br /> Exhibit B--Sample Amortization Schedule <br /> Funding Amount: $13,700,000.00 Interest Rate: 2.83% <br /> Down Payment: $0.00 Closing Date: 6/15/2017 <br /> Capitalized Interest: $0.00 Term(years): 20 <br /> Cost of Issuance: $0.00 <br /> Amount Financed: $13,700,000.00 <br /> Payment Payment Payment Interest Principal Outstanding Redemption <br /> Number Date Amount Component Component Balance Price <br /> Principal: 6/15/2017 $13,700,000.00 No Call <br /> 1 12/1/2017 $179,515.04 $179,515.04 $0.00 $13,700,000.00 No Call <br /> 2 6/1/2018 $1,091,855.00 $193,855.00 $898,000.00 $12,802,000.00 No Call <br /> 3 12/1/2018 $181,148.30 $181,148.30 $0.00 $12,802,000.00 No Call <br /> 4 6/1/2019 $1,087,148.30 $181,148.30 $906,000.00 $11,896,000.00 No Call <br /> 5 12/1/2019 $168,328.40 $168,328.40 $0.00 $11,896,000.00 No Call <br /> 6 6/1/2020 $1,082,328.40 $168,328.40 $914,000.00 $10,982,000.00 No Call <br /> 7 12/1/2020 $155,395.30 $155,395.30 $0.00 $10,982,000.00 No Call <br /> 8 6/1/2021 $1,076,395.30 $155,395.30 $921,000.00 $10,061,000.00 No Call <br /> 9 12/1/2021 $142,363.15 $142,363.15 $0.00 $10,061,000.00 No Call <br /> 10 6/1/2022 $1,072,363.15 $142,363.15 $930,000.00 $9,131,000.00 No Call <br /> 11 12/1/2022 $129,203.65 $129,203.65 $0.00 $9,131,000.00 $9,222,310.00 <br /> 12 6/1/2023 $1,069,203.65 $129,203.65 $940,000.00 $8,191,000.00 $8,272,910.00 <br /> 13 12/1/2023 $115,902.65 $115,902.65 $0.00 $8,191,000.00 $8,272,910.00 <br /> 14 6/1/2024 $1,065,902.65 $115,902.65 $950,000.00 $7,241,000.00 $7,313,410.00 <br /> 15 12/1/2024 $102,460.15 $102,460.15 $0.00 $7,241,000.00 $7,313,410.00 <br /> 16 6/1/2025 $659,460.15 $102,460.15 $557,000.00 $6,684,000.00 $6,750,840.00 <br /> 17 12/1/2025 $94,578.60 $94,578.60 $0.00 $6,684,000.00 $6,750,840.00 <br /> 18 6/1/2026 $651,578.60 $94,578.60 $557,000.00 $6,127,000.00 $6,188,270.00 <br /> 19 12/1/2026 $86,697.05 $86,697.05 $0.00 $6,127,000.00 $6,188,270.00 <br /> 20 6/1/2027 $643,697.05 $86,697.05 $557,000.00 $5,570,000.00 $5,625,700.00 <br /> 21 12/1/2027 $78,815.50 $78,815.50 $0.00 $5,570,000.00 $5,625,700.00 <br /> 22 6/1/2028 $635,815.50 $78,815.50 $557,000.00 $5,013,000.00 $5,013,000.00 <br /> 23 12/1/2028 $70,933.95 $70,933.95 $0.00 $5,013,000.00 $5,013,000.00 <br /> 24 6/1/2029 $627,933.95 $70,933.95 $557,000.00 $4,456,000.00 $4,456,000.00 <br /> 25 12/1/2029 $63,052.40 $63,052.40 $0.00 $4,456,000.00 $4,456,000.00 <br /> 26 6/1/2030 $620,052.40 $63,052.40 $557,000.00 $3,899,000.00 $3,899,000.00 <br /> 27 12/1/2030 $55,170.85 $55,170.85 $0.00 $3,899,000.00 $3,899,000.00 <br /> 28 6/1/2031 $612,170.85 $55,170.85 $557,000.00 $3,342,000.00 $3,342,000.00 <br /> 29 12/1/2031 $47,289.30 $47,289.30 $0.00 $3,342,000.00 $3,342,000.00 <br /> 30 6/1/2032 $604,289.30 $47,289.30 $557,000.00 $2,785,000.00 $2,785,000.00 <br /> 31 12/1/2032 $39,407.75 $39,407.75 $0.00 $2,785,000.00 $2,785,000.00 <br /> 32 6/1/2033 $596,407.75 $39,407.75 $557,000.00 $2,228,000.00 $2,228,000.00 <br /> 33 12/1/2033 $31,526.20 $31,526.20 $0.00 $2,228,000.00 $2,228,000.00 <br /> 34 6/1/2034 $588,526.20 $31,526.20 $557,000.00 $1,671,000.00 $1,671,000.00 <br /> 35 12/1/2034 $23,644.65 $23,644.65 $0.00 $1,671,000.00 $1,671,000.00 <br /> 36 6/1/2035 $580,644.65 $23,644.65 $557,000.00 $1,114,000.00 $1,114,000.00 <br /> 37 12/1/2035 $15,763.10 $15,763.10 $0.00 $1,114,000.00 $1,114,000.00 <br /> 38 6/1/2036 $572,763.10 $15,763.10 $557,000.00 $557,000.00 $557,000.00 <br /> 39 12/1/2036 $7,881.55 $7,881.55 $0.00 $557,000.00 $557,000.00 <br /> 40 6/1/2037 $564,881.55 $7,881.55 $557,000.00 $0.00 $212,000.00 <br /> Totals: $17,292,495.04 $3,592,495.04 $13,700,000.00 <br /> SNB Confidential Form Sheet 7 1 p a g e <br />