Base Offering Circular – Multifamily 75 MX Security..............................  Any Ginnie Mae Guaranteed Grantor Trust Pass-Through Security issued pursuant to the Ginnie Mae Multiclass Securities Program in respect of an MX Class. MX Standard Trust   Provisions.................................. With respect to each MX Trust, the standard trust provisions in effect as of the date of the related MX Trust Agreement and which are incorporated therein by reference. MX Trust...................................  A trust that is established to hold one or more REMIC Securities and issue one or more Modifiable Securities and/or MX Securities. MX Trust Agreement ................  An agreement between the Sponsor and the Trustee that identifies and establishes an MX Trust. MX Trust Asset.........................  As to any MX Trust, any Ginnie Mae REMIC Securities conveyed thereto by the related Sponsor. Net Certificate Rate...................  For any Distribution Date as to any Ginnie Mae Multifamily Certificate, the applicable Certificate Rate less the Trustee Fee Rate, if any, for the related Series. No Payment Residual Class ......  A Class that is designed to receive no distributions of principal or interest. Non-Sticky Jump Class.............  A Class for which the principal distribution priorities change temporarily upon the occurrence of one or more “trigger” events.   A Non-Sticky Jump Class “jumps” to its new priority on each Distribution Date when the trigger condition is met and reverts to its original priority (i.e., does not “stick” to the new priority) on each Distribution Date when the trigger condition is not met. Nonpermitted Transferee ..........  Any Person that acquires an Ownership Interest in a Transfer that is considered null and void by the Trustee under the Trust Agreement. Non-U.S. Person .......................  A Person other than a U.S. Person. Notional Class ...........................  A Class that does not have a Class Principal Balance (but rather has a Class Notional Balance) and is entitled to payments of interest only. Offering Circular.......................  In connection with each offering of Ginnie Mae REMIC Securities, the Multifamily Base Offering Circular therefor and the related Offering Circular Supplement.  In connection with each offering of Ginnie Mae Guaranteed Callable Pass-Through Securities, the Offering Circular therefor.