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December 31, 2017 <br />December 31, 2018 <br />December 31, 2019 <br />Total <br />Interest Rate — 1.0% <br />Levy 2016 Payable 2017 <br />Levy 2017 Payable 2018 <br />Levy 2018 Payable 2019 <br />Total <br />SCHEDULE OF PAYMENTS <br />2016 CERTIFICATES OF INDEBTEDNESS <br />FEBRUARY 1, 2016 <br />PRINCIPAL <br />$ 155,000.00 <br />156,000.00 <br />158,000.00 <br />$ 469,000.00 <br />INTEREST <br />$ 8,989.00 <br />3,140.00 <br />1,580.00 <br />$ 13,709.00 <br />TOTAL <br />$163,989.00 <br />159,140.00 <br />159,580.00 <br />$482,709.00 <br />$172,189.00 (includes required 5% overlevy) <br />167,097.00 <br />167,559.00 <br />$506,845.00 <br />