Base Offering Circular – Multifamily 930060 86 Transferor..................................  Any Person who is disposing of an Ownership Interest. Treasury ....................................  The United States Treasury Department. Treasury Index ..........................  Either (i) the auction average (investment) yield on three-month or six-month U.S. Treasury bills or (ii) the weekly average yield on U.S. Treasury securities adjusted to a constant maturity of one, three, five, seven or ten years or to some other constant maturity, in each case as specified in the related Trust Agreement. Treasury Index Class.................  A Class bearing interest at a rate determined by reference to the applicable Treasury Index. Treasury Regulations ................  The regulations, including proposed regulations and temporary regulations, promulgated under the Code from time to time. Trust ..........................................  A Ginnie Mae REMIC Trust.   Trust Agreement .......................  An agreement between the Sponsor and the Trustee that identifies and establishes the Trust in respect of which Trust an election will be made to treat the assets of such Trust  as one or more “real estate mortgage investment conduits” for federal income tax purposes.  Each Trust Agreement incorporates the related REMIC Standard Trust Provisions by reference and may modify, amend or supplement the conditions of such REMIC Standard Trust Provisions in any respect. Trust Asset ................................  As to any Trust, any Trust MBS, Underlying Certificate, or Underlying Callable Security, conveyed thereto by the related Sponsor. Trust Asset Depository .............  Any depository institution acceptable to Ginnie Mae at which a Trust Asset Depository Account is established. Trust Asset Depository Account ..................................... With respect to each Trust, to the extent required by the applicable Trust Agreement, a limited-purpose account maintained by the Trustee at one or more Trust Asset Depositories, which account shall be credited with all distributions in respect of the Trust Assets (other than Trust Assets maintained through the book-entry system of the Federal Reserve Bank of New York) held in the related Trust Asset Depository.