Base Offering Circular - Multifamily 482090 65 Co-Sponsor................................. With respect to a REMIC Series, the Person, identified in the Sponsor Agreement, with whom the Sponsor has entered into an agreement pursuant to which the Co- Sponsor at its election may distribute certain of the Securities. Co-Trust Counsel ....................... With respect to a REMIC Series, a law firm, identified in the Sponsor Agreement, whom the Sponsor has retained to perform legal work assisting Trust Counsel in the discharge of Trust Counsel’s responsibilities. CUSIP Number .......................... A unique nine-character designation assigned by the CUSIP Service Bureau to each Class. Cut-off Date ............................... With respect to any Series, the date specified in the related Offering Circular Supplement. Delay Class................................. A Class whose Accrual Period is a calendar month. Depository .................................. The Book-Entry Depository or any Trust Asset Depository, as the context requires. Depository Account.................... The Book-Entry Depository Account or any Trust Asset Depository Account, as the context requires. Disqualified Organization .......... Either (a) the United States, (b) any state or political subdivision thereof, (c) any foreign government, (d) any international organization, (e) any agency or instrumentality of any of the foregoing, (f) any tax-exempt organization (other than a cooperative described in section 521 of the Code) that is exempt from federal income tax unless that organization is subject to tax under the unrelated business taxable income provisions of the Code, (g) any organization described in section 1381(a)(2)(C) of the Code, (h) an “electing large partnership” as defined in Section 775 of the Code or (i) any other entity identified as a disqualified organization by the REMIC Provisions. A corporation will not be treated as an instrumentality of the United States or any state or political subdivision thereof if all of its activities are subject to tax and, with the exception of Freddie Mac, a majority of its board of directors is not selected by that governmental unit. Distribution Amount .................. With respect to each Series (or, if the Series is segregated into Security Groups, each Security Group) and each Distribution Date, the sum of the Principal Distribution Amount (less principal, if any, payable to the Trustee as a