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 4.8150%.
Class C will bear interest during each Accrual Period at a per annum rate equal to the lesser
of WACR and 5.3130%.
Class D will bear interest during each Accrual Period at a per annum rate equal to the lesser
of WACR and 5.3350%.
Class Z will bear interest during each Accrual Period at a per annum rate equal to the lesser
of WACR and 5.2010%.
Class IO will bear interest during each Accrual Period at a per annum rate equal to WACR
less the weighted average of the applicable 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 ......................................................................................................
4.8150%
C ......................................................................................................
5.3130
D......................................................................................................
5.3350
Z ......................................................................................................
5.2010
IO ....................................................................................................
1.0346
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.
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 Term 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."
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