Base Offering Circular – Multifamily 482090 76 Mortgaged Property ...................        The multifamily property, including a nursing facility located in any one of the 50 states, the District of Columbia or any U.S. territory, commonwealth or possession, securing or the subject of a Mortgage Loan. Mortgage Rate............................        With respect to any Mortgage Loan, the per annum interest rate on the related Mortgage Note. Mortgagor...................................        The obligor on a Mortgage Note. Multifamily Base Offering Circular.......................................        A Base Offering Circular for Guaranteed REMIC Pass- through Securities backed primarily by Ginnie Mae Multifamily Certificates. Multifamily Series......................        A series of Government National Mortgage Association Multifamily REMIC Pass-Through Securities issued pursuant to a Trust Agreement and having the numerical or other designation specified in the related Trust Agreement. MX Class....................................        A Class that may be exchanged for proportionate interests in related Classes of Modifiable Securities. MX Security...............................        A Security issued in respect of a MX Trust. 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 that provides for the establishment of a MX Trust. 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. 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 Securities, the Multifamily Base Offering Circular therefor and related