Scheduled Principal Balances:
The 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 Range or Rate:
Class
Structuring Range or Rate
OP ............................................................................................................
100% PSA through 300% PSA
FW ............................................................................................................
325% 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 until the Distribution Date following the Distribution Date on
which the Class Principal Balances of the related Accretion Directed Classes have been reduced
to zero. 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." After interest distributions commence on an Accrual Class, interest
distributions will continue until the Class Principal Balance of that Class is reduced to zero.
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 indicated:
Original Class
Class
Notional Balance
Represents Approximately
IN ..................................................
$ 72,500,000
100% of FN (PT Class)
IY ..................................................
10,000,000
100% of FY (PT Class)
KI ..................................................
232,142,857
100% of FK (PT Class)
SA ..................................................
464,285,713
100% of FA (PT Class)
SB ..................................................
100,000,000
21.5384615981% of FA (PT Class)
SC ..................................................
121,428,571
26.1538461340% of FA (PT Class)
SD ..................................................
121,428,571
26.1538461340% of FA (PT Class)
SE ..................................................
121,428,571
26.1538461340% of FA (PT Class)
SG ..................................................
124,999,999
53.8461534485% of FK (PT Class)
SM ..................................................
232,142,857
100% of FK (PT Class)
SN ..................................................
107,142,858
46.1538465515% of FK (PT Class)
SW ..................................................
113,031,429
100% of FW (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