Accrual Class on each Distribution Date and will be distributable as principal as set forth in this Terms Sheet under “Allocation of Principal.” Notional Class:    The Notional Class will not receive distributions of principal but has a Class Notional Balance for convenience in describing its entitlement to interest. The Class Notional Balance of the Notional Class represents the percentage indicated below of, and reduces to that extent with, the Class Principal Balances indicated: Class Original Class Notional Balance Represents IO . . . . . . . . . . . . . . . .     $265,510,677     100% of A, B, C, D and Z (in the aggregate) (SEQ Classes) Tax Status:    Double REMIC Series. See “Certain Federal Income Tax Consequences” in this Supple- ment and in the Multifamily Base Offering Circular. Regular and Residual Classes:    Class RR is a Residual Class and represents the Residual Interest of the Issuing REMIC and the Pooling REMIC; all other Classes of REMIC Securities are Regular Classes. S-5