no lockout period applies, the applicable Issue Date. See "The Ginnie Mae Multifamily
Certificates – Certain Additional Characteristics of the Mortgage Loans" and "Characteristics
of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans" in Exhibit A to this
Supplement. Prepayment Penalties received by the Trust will be allocated as described in this
Supplement.
Issuance of Securities: The Securities, other than the Residual Securities, will initially be
issued in book-entry form through the book-entry system of the U.S. Federal Reserve Banks (the
"Fedwire Book-Entry System"). The Residual Securities will be issued in fully registered,
certificated form. See "Description of the Securities – Form of Securities" in this Supplement.
Increased Minimum Denomination Class: Class IO. See "Description of the Securities –
Form of Securities" in this Supplement.
Interest Rates: The Interest Rate for the Fixed Rate Class is shown on the inside cover page
of this Supplement.
The Weighted Average Coupon Classes will bear interest at per annum Interest Rates based
on the Weighted Average Certificate Rate of the Ginnie Mae Multifamily Certificates ("WACR")
as follows:
Class B will bear interest during each Accrual Period at a per annum rate equal to the lesser
of WACR and 5.2230%.
Class C will bear interest during each Accrual Period at a per annum rate equal to the lesser
of WACR and 5.4810%.
Class D will bear interest during each Accrual Period at a per annum rate equal to the lesser
of WACR and 5.6380%.
Class Z will bear interest during each Accrual Period at a per annum rate equal to the lesser
of WACR and 5.6430%.
Class IO will bear interest during each Accrual Period at a per annum rate equal to WACR
less the weighted average Interest Rate for Classes A, B, C, D and Z for that Accrual Period,
weighted based on the Class Principal Balance of each such Class for the related Distribution
Date (before giving effect to any payments on such Distribution Date).
Classes B, C, D, Z and IO will bear interest during the initial Accrual Period at the
following approximate Interest Rates:
Class
Approximate
Initial Interest Rate
B ......................................................................................................
5.2230%
C ......................................................................................................
5.4810
D......................................................................................................
5.6380
Z ......................................................................................................
5.6430
IO ....................................................................................................
1.1874
Allocation of Principal: On each Distribution Date, a percentage of the Principal Distribu-
tion Amount will be applied to the Trustee Fee, and the remainder of the Principal Distribution
Amount (the "Adjusted Principal Distribution Amount") and the Accrual Amount will be
allocated, sequentially, to A, B, C, D and Z, in that order, until retired.
Allocation of Prepayment Penalties: On each Distribution Date, the Trustee will pay 100%
of any Prepayment Penalties that are collected and passed through to the Trust to Class IO.
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