Scheduled Principal Balances:
The Scheduled Principal Balances and Aggregate Scheduled
Principal Balances for the Classes listed below are included in Schedule II to this Supplement.
They were calculated using, among other things, the following Structuring Ranges or Rates:
Class
Structuring Range or Rate
PAC Classes
LB, LC, LD, LE and LO (in the aggregate)..................................
125% PSA through 300% PSA
PF ..........................................................................................................
153% PSA through 259% PSA
TAC, TAC I and TAC II Classes
FC ..........................................................................................................
223% PSA
OP and TA (in the aggregate)........................................................
176% PSA
OP, TA and ZD (in the aggregate)................................................
286% PSA
PO and TC (in the aggregate)........................................................
271% PSA
TD and UO (in the aggregate) ......................................................
271% PSA
Accrual Classes:
Interest will accrue on each Accrual Class identified on the front cover of
this Supplement at the per annum rate set forth on that page. However, no interest will be
distributed to the Accrual Classes as interest. Interest so accrued on each Accrual Class on each
Distribution Date will constitute an 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
in this Terms Sheet under "Allocation of Principal."
Notional Classes:
The Notional Classes will not receive distributions of principal but have
Class Notional Balances for convenience in describing their entitlements to interest. The
Class Notional Balance of each Notional Class represents the percentage indicated below of,
and reduces to that extent with, the Class Principal Balance or Trust Asset balance indicated:
Class
Approximate
Original Class
Notional Balance
Represents Approximately
IT..................................
$ 32,000,000
100% of TC (TAC/AD Class)
LI ..................................
$ 96,560,000
100% of LO (PAC Class)
PS..................................
$ 30,842,200
20% of PF (PAC Class)
SP..................................
$ 30,842,200
20% of PF (PAC Class)
ST..................................
$ 30,842,200
20% of PF (PAC Class)
SV ................................
$187,781,333
33.3333332742% of the Trust Assets (net of Trustee Fee)
TI..................................
$ 40,000,000
100% of TA (TAC I/AD Class)
UT ................................
$ 10,000,000
100% of TD (TAC/AD Class)
Tax Status:
Double REMIC Series. See "Certain Federal Income Tax Consequences" in this
Supplement and in the Base Offering Circular.
Regular and Residual Classes:
Class RR is a Residual Class and includes the Residual
Interest of the Issuing REMIC and the Residual Interest of the Pooling REMIC; all other Classes
of REMIC Securities are Regular Classes.
B-7