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 (hereinafter referred to
as "WACR") as follows:
Class B will bear interest during each Accrual Period at a per annum rate equal to the lesser of WACR
and 5.627%.
Class C will bear interest during each Accrual Period at a per annum rate equal to the lesser of WACR
and 5.749%.
Class Z will bear interest during each Accrual Period at a per annum rate equal to the lesser of WACR
and 5.059%.
Class IO will bear interest during each Accrual Period at a rate per annum equal to WACR less the
weighted average of the applicable Interest Rate for Classes A, B, C 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, Z and IO will bear interest during the initial Accrual Period at the following approximate
Interest Rates:
Class
Approximate Initial
Interest Rate
B ............................................................................................................................
5.627%
C ............................................................................................................................
5.749%
Z ............................................................................................................................
5.059%
IO ..........................................................................................................................
0.574%
Allocation of Principal:
On each Distribution Date, a percentage of the Principal Distribution 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
Class A, B, C 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 under "Terms Sheet – Interest Rates." However, no
interest will be distributed as interest to Class Z until the Distribution Date immediately following the
Distribution Date on which the Class Principal Balance of Class C is reduced to zero. Interest so accrued
and unpaid on the Accrual Class on each Distribution Date will constitute the Accrual Amount, which
will be added to the Class Principal Balance of that Class on each Distribution Date and will be
distributable as principal as set forth under "Terms Sheet – Allocation of Principal." After interest
distributions commence on the Accrual Class, interest distributions will continue until the
Class Principal Balance of that Class is reduced to zero.
C-31