Accrual Class: Interest will accrue on the Accrual Class identified on the inside front cover of this Supplement at the per annum rate set forth in this Terms Sheet under "Interest Rates." However, no interest will be distributed to the Accrual Class as interest.  Interest so accrued on the Accrual Class on each Distribution Date will constitute the Accrual Amount, which will be added to the Class Principal Balance of the Accrual Class on each Distribution Date and will be distributable as principal as set forth in this Terms Sheet under "Allocation of Principal." Notional  Class: The  Notional  Class  will  not  receive  distributions  of  principal  but  has  a Class Notional Balance for convenience in describing its entitlement to interest. The Class No- tional Balance of the Notional Class represents the percentage indicated below of, and reduces to that extent with, the Class Principal Balances indicated: Class Original Class Notional Balance Represents IO  .............................. $262,279,596 100% of A, B, C, D and Z (in the aggregate) (SEQ Classes) Tax Status: Double REMIC Series. See "Certain Federal Income Tax Consequences" in this Supplement and in the Multifamily Base Offering Circular. Regular  and  Residual  Classes: Class  RR  is  a  Residual  Class  and  includes  the  Residual Interest of the Issuing REMIC and the Pooling REMIC; all other Classes of REMIC Securities are Regular Classes. S-6