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Debt Service Schedule - Improvement Portion
<br />Date Principal Coupon Interest Total P +I Fiscal Total
<br />08/04/2011 -
<br />08/01/2012 51,910.00 51,910.00
<br />02/01 /2013 25,955.00 25,955.00 77,865.00
<br />08/01 /2013 25,955.00 25,955.00
<br />02/010014 20,000.00 0.950% 25,955.00 45,955,00 71,910.00
<br />08/01/2014 - 25,860.00 25,860.00
<br />02/01/2015 20,000.00 1.200% 25,860.00 45,860.00 71,720.00
<br />08/01/2015 - 25,740.00 25,740.00
<br />02/01 /2016 120,000.00 . 1.450% 25,740.00 145,740.00 171,480.00
<br />08/01/2016 24 0.00 24,87 0 0 -
<br />02/01/2017 80,000.00 1.700% 24,870.00 104,870.00 129,740.00
<br />08/010017 24,190.00 24,190.00 -
<br />02/01/2018 80,000.00 1.950% 24,190.00 104,190.00 128,380.00
<br />08/01 /2018 23,410.00 23,410.00 -
<br />02/01/2019 85,000.00 1200% 23,410.00 108,410.00 131,820.00
<br />08/01 /2019 22,475.00 22,475.00
<br />02/01/2020 85,000.00 2.400% 22,475.00 107,475.00 129,950.00
<br />08/01 /2020 21,455.00 21,45 5.00
<br />02/01/2021 85,000.00 2.600% 21,455.00 106,455.00 127,910.00
<br />08/01/2021 - 20,350.00 20,350.00 -
<br />02/01/2022 90,000.00 2.750% 20,350.00 110,350.00 130,700.00
<br />08/01/2022 19,112.50 19,112.50 -
<br />02/01/2023 90,000.00 2.950% 19,112.50 109,112.50 128,225.00
<br />08/01 /2023 17,785.00 17,785.00 -
<br />02/0X/2024 9 5,000 00 3.100% 17,785,00 112,785 00 130,57 0.0 0
<br />08/01/2024 - 16,312.50 16,312.50 -
<br />02/01/2025 100,000.00 3.250% 16,312.50 116,312.50 132,625.00
<br />08/01/2025 - 14,687.50 14,687.50 -
<br />02/01/2026 100,000.00 3.400% 14,687.50 114,687.50 129,375.00
<br />08/01/2026 - - 12,987.50 12,987.50 -
<br />02/01/2027 105,000.00 3.550% 12,987.50 117,987.50 130,975.00
<br />08/01 /2027 11,123.75 11,123.75 -
<br />02/01/2028 110,000.00 3.650% 11,123.75 121,123.75 132,247.50
<br />08/01 /2028 9,116.25 9,116.25 -
<br />02/01/2029 110,000.00 3.750% 9,116.25 1 19,116.25 128,232.50
<br />08/01 0029 - 7,053.75 7,053.75 -
<br />02/01/2030 115,000.00 3.850% 7,053.75 122,053.75 129,107.50
<br />08/01 /2030 - 4,840.00 4,840.00 -
<br />02/01/2031 120,000.00 3.900% 4,840.00 124,840.00 129,680,00
<br />08/012031 - 2,500.00 2,500.00
<br />02/01/2032 125,000.00 4.000% 2,500.00 127,500.00 130,000.00
<br />Total $1,735,000.00 $737,512.50 $2,472,512.50
<br />Yield Statistics
<br />Bond Year Dollars
<br />Average Life
<br />Average Coupon
<br />EXHIBIT B
<br />IMPROVEMENT PORTION
<br />NORTHLAND
<br />$22,13 8.04
<br />12.760 Years
<br />...........
<br />3.33142 61 %
<br />Page 7
<br />SECURITIES
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