6. No expenses or fees are paid by the Trust other than the Trustee Fee.
7. Each Class is held from the Closing Date and is not exchanged in whole or in part.
8. The Interest Rate applicable to Class FZ for each Accrual Period is based on a constant
LIBOR level of 5.12%, except with respect to the Decrement Tables that indicate various LIBOR
levels, for which the Interest Rate is based on the LIBOR level shown in such table.
When reading the tables and the related text, investors should bear in mind that the
Modeling Assumptions, like any other stated assumptions, are unlikely to be entirely consistent
with actual experience.
For example, most of the Mortgage Loans will not have the characteristics assumed, many
Distribution Dates will occur on a Business Day after the 20th of the month, and the
Trustee may cause a termination of the Trust as described under "Description of the
Securities Termination" in this Supplement.
In addition, distributions on the Securities are based on Certificate Factors and Calcu-
lated Certificate Factors, if applicable, which may not reflect actual receipts on the Trust
Assets.
See "Description of the Securities Distributions" in the Base Offering Circular.
Decrement Tables
Prepayments of mortgage loans are commonly measured by a prepayment standard or
model. The model used in this Supplement ("PSA") is the standard prepayment assumption
model of The Securities Industry and Financial Markets Association. PSA represents an assumed
rate of prepayment each month relative to the then outstanding principal balance of the
Mortgage Loans to which the model is applied. See "Yield, Maturity and Prepayment Consider-
ations Standard Prepayment Assumption Models" in the Base Offering Circular.
The decrement tables set forth below are based on the assumption that the Mortgage Loans
prepay at the indicated percentages of PSA (the "PSA Prepayment Assumption Rates"). As used
in the table, each of the PSA Prepayment Assumption Rates reflects a percentage of the 100%
PSA assumed prepayment rate. The Mortgage Loans will not prepay at any of the PSA
Prepayment Assumption Rates and the timing of changes in the rate of prepayments
actually experienced on the Mortgage Loans will not follow the pattern described for
the PSA assumption.
The decrement tables set forth below illustrate the percentage of the Original Class
Principal Balance (or, in the case of a Notional Class, the original Class Notional Balance) that
would remain outstanding following the distribution made each specified month for each
Regular or MX Class, based on the assumption that the related Mortgage Loans prepay at the
PSA Prepayment Assumption Rates. The percentages set forth in the following decrement tables
have been rounded to the nearest whole percentage (including rounding down to zero).
The decrement tables also indicate the Weighted Average Life of each Class under each
PSA Prepayment Assumption Rate. The Weighted Average Life of each Class is calculated by:
(a) multiplying the net reduction, if any, of the Class Principal Balance (or the net
reduction of the Class Notional Balance, in the case of a Notional Class) from one
Distribution Date to the next Distribution Date by the number of years from the date of
issuance thereof to the related Distribution Date,
(b) summing the results, and
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