Base Offering Circular - Multifamily 482090 90 U.S. Person................................. A person that is (i) a citizen or resident of the United States; (ii) a corporation that is organized under the laws of the United States, any state thereof or the District of Columbia, including an entity treated as a corporation for federal income tax purposes; (iii) a partnership including any entity treated as a partnership for federal income tax purposes (other than a partnership that is not treated as a United States person under any applicable Treasury regulation) organized under the laws of the United States, any state thereof, or the District of Columbia none of the interests of which are owned, directly or indirectly through one or more intermediate entities, by any person that is not a United States person; (iv) an estate that is subject to United States federal income taxation regardless of the source of its income; (v) a trust if a court within the United States is able to exercise primary supervision over the administration of such trust and one or more United States persons have the authority to control all substantial decisions of the trust (or to the extent provided in the applicable Treasury regulations, certain trusts in existence on August 20, 1996, that are eligible to be treated as United States persons), or (vi) a foreign person who would be subject to United States income taxation on a net basis on income derived from the Residual Securities. Variable Rate Class.................... A REMIC Class with an Interest Rate that varies on a basis other than an index. Variance Account....................... With respect to each Trust, an Eligible Account maintained by the Trustee in accordance with the Trust Agreement, which account is an Outside Reserve Fund, the owner of which solely for federal income tax purposes (and not for any other purpose) is Ginnie Mae. Voting Rights ............................. The voting rights of the Securities.