On the date hereof, Borrower shall pay interest on the Outstanding Principal Balance from and including the Closing Date through and including May 7, 2017 (the “ Initial Interest Period ”).  On June 1, 2017, and on each Monthly Payment Date thereafter, up to and including the Maturity Date, Borrower shall make a payment to Lender of interest equal to the Monthly Debt Service Payment Amount.  The Monthly Debt Service Payment Amount shall be applied first to accrued and unpaid interest on the then Outstanding Principal Balance and the balance, if any, to the Outstanding Principal Balance.