Base Offering Circular – Multifamily 930060 66 Co-Sponsor ................................ With respect to a 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 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. Current Interest Class................  A Class that bears interest and is not an Accrual or Partial Accrual Class. Current Interest Security...........  A Security of a Current Interest Class. Cut-off Date ..............................  With respect to any Series, the date specified in the related Offering Circular Supplement for such Series. CUSIP Number .........................  A unique nine-character designation assigned by the CUSIP Service Bureau to each Class. Delay Class ...............................  A Class for which there is a delay between the end of its Accrual Period and the related Distribution Date.   Descending Rate Class..............  A Class that has predetermined Interest Rates that decrease one or more times on dates determined before issuance. Differential Class ......................  A Class with Interest Rates that are equal to the difference between two specified indices. 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.