Common use of Classes of Certificates; Distributions on Certificates Clause in Contracts

Classes of Certificates; Distributions on Certificates. The Series of Certificates authorized by the Trust Agreement and this Issue Supplement shall be divided into nine Classes of Certificates having the terms and provisions hereinafter set forth. The Class designations, original Class Certificate Principal Balances, Certificate Interest Rates and Final Distribution Dates shall be as follows: Designation Original Class Certificate Principal Balance Certificate Interest Rate Final Distribution Date Class 5-A $173,550,000 7.00% January 2021 Class 5-B 23,210,000 7.00 September 2017 Class 5-C 34,420,000 7.00 April 2021 Class 5-D 14,950,000 7.00 November 2021 Class 5-VA 10,160,000 7.00 February 2002 Class 5-VB 14,450,000 7.00 February 2007 Class 5-VC 29,885,000 7.00 December 2013 Class 5-Z 24,375,000 7.00 February 2027 Class 5-R (1) (1) February 2027 (1) The Class 5-R Certificate does not have a Class Certificate Principal Balance and does not bear interest. The Class 5-R Certificate is hereby designated as the sole Class of “residual interest” in the REMIC within the meaning of Section 860G(a)(2) of the Code. Each remaining Class of Certificates is hereby designated as a “regular interest” in the REMIC within the meaning of Section 860G(a)(1) of the Code. No distributions of principal or interest shall be made on the Class 5-R Certificate, except that any distribution of the proceeds of any remaining assets of the Trust Fund will be made only upon presentation and surrender of the Class 5-R Certificate at the Corporate Trust Office or such other office or address as may be specified in the notice of such final distribution from Xxxxxx Mae. Xxxxxx Xxx hereby initially appoints State Street Bank and Trust Company at its corporate trust office as Paying Agent for the purpose of making distributions on the Class 5-R Certificate as provided herein. Xxxxxx Mae shall distribute to the Class 5-R Certificateholder the proceeds of the remaining assets of the Trust Fund, if any, after the Class Certificate Principal Balance of each Class of Certificates has been reduced to zero. Interest on each Class of interest-bearing Certificates for the related Interest Accrual Period at the Certificate Interest Rate shall be distributed on each Distribution Date, except for interest on the Accrual Certificates as described below. The total amount of interest either distributed or added to the Certificate Principal Balance with respect to any Certificate on any Distribution Date shall be equal to one month’s interest at the Certificate Interest Rate on the Certificate Principal Balance of such Certificate immediately prior to such Distribution Date. On each Distribution Date prior to the Initial Interest Distribution Date, interest accrued in respect of any Accrual Certificate during the related Interest Accrual Period shall not be distributable thereon but shall instead be added to the Certificate Principal Balance thereof. On each Distribution Date, distributions in reduction of the Certificate Principal Balances of the Certificates shall be made in an amount equal to the Principal Distribution Amount. On each Distribution Date, the Accrual Amount, if any, shall be distributed as principal of the Class 5-VA, Class 5-VB, Class 5-VC, Class 5-B, Class 5-C and Class 5-D Certificates, in that order, until the respective Class Certificate Principal Balances thereof are reduced to zero, and thereafter to the Class 5-Z Certificates. On each Distribution Date, the Cash Flow Value Distribution Amount shall be distributed, sequentially, as principal of the Class 5-A, Class 5-B, Class 5-C, Class 5-D, Class 5- VA, Class 5-VB, Class 5-VC and Class 5-Z Certificates, in that order, until the respective Class Certificate Principal Balances thereof are reduced to zero.

Classes of Certificates; Distributions on Certificates. The Series of Certificates authorized by the Trust Agreement and this Issue Supplement shall be divided into nine the Classes of Certificates having listed on the terms and provisions hereinafter set forth. The cover of the Prospectus Supplement, which Classes shall have the Class designations, original Class Certificate Principal Balances, Certificate Interest Rates and Final Distribution Dates shall be as follows: Designation Original Class Certificate Principal Balance Certificate Interest Rate Final Distribution Date Class 5-A $173,550,000 7.00% January 2021 Class 5-B 23,210,000 7.00 September 2017 Class 5-C 34,420,000 7.00 April 2021 Class 5-D 14,950,000 7.00 November 2021 Class 5-VA 10,160,000 7.00 February 2002 Class 5-VB 14,450,000 7.00 February 2007 Class 5-VC 29,885,000 7.00 December 2013 Class 5-Z 24,375,000 7.00 February 2027 Class 5-R (1) (1) February 2027 (1) The Class 5-R Certificate does not have a Class Certificate Principal Balance and does not bear interestspecified in the Prospectus Supplement. The Class 59-R Certificate is hereby designated as the sole Class of “residual interest” in the REMIC within the meaning of Section 860G(a)(2) of the Code. Each remaining Class of Certificates is hereby designated as a “regular interest” in the REMIC within the meaning of Section 860G(a)(1) of the Code. No distributions of principal or interest shall be made on the Class 59-R Certificate, except that any distribution of the proceeds of any remaining assets of the Trust Fund will be made only upon presentation and surrender of the Class 59-R Certificate at the Corporate Trust Office or such other office or address as may be specified in the notice of such final distribution from Xxxxxx Mae. Xxxxxx Xxx hereby initially appoints State Street Bank and Trust Company at its corporate trust office as Paying Agent for the purpose of making distributions on the Class 59-R Certificate as provided herein. Xxxxxx Mae shall distribute to the Class 59-R Certificateholder the proceeds of the remaining assets of the Trust Fund, if any, after the Class Certificate Principal Balance of each Class of Certificates has been reduced to zero. Interest on each Class of interest-bearing Certificates for the related Interest Accrual Period at the Certificate Interest Rate shall be distributed on each applicable Distribution Date, except for interest on the Accrual Certificates as described below. The total amount of interest either distributed or added to the Certificate Principal Balance with respect to any Certificate on any Distribution Date shall be equal to one month’s interest at the Certificate Interest Rate on the Certificate Principal Balance of such Certificate thereof immediately prior to such Distribution Date. On each Distribution Date prior to the Initial Interest Distribution Date, interest accrued in respect of any Accrual Certificate during the related Interest Accrual Period shall not be distributable thereon but shall instead be added to the Certificate Principal Balance thereof. On each Distribution Date, distributions in reduction of the Certificate Principal Balances of the Certificates shall be made in an amount equal to the Principal Distribution Amount. On each Distribution Date, the Accrual Amount, if any, Amount and shall be distributed as principal of in the Class 5-VA, Class 5-VB, Class 5-VC, Class 5-B, Class 5-C amounts and Class 5-D Certificates, priorities specified in that order, until the respective Class Certificate Principal Balances thereof are reduced to zero, and thereafter to the Class 5-Z Certificates. On each Distribution Date, the Cash Flow Value Distribution Amount shall be distributed, sequentially, as principal of the Class 5-A, Class 5-B, Class 5-C, Class 5-D, Class 5- VA, Class 5-VB, Class 5-VC and Class 5-Z Certificates, in that order, until the respective Class Certificate Principal Balances thereof are reduced to zeroProspectus Supplement.

Classes of Certificates; Distributions on Certificates. The Series of Certificates authorized by the Trust Agreement and this Issue Supplement shall be divided into nine two Classes of Certificates having the terms and provisions hereinafter set forth. The Class designations, original Class Certificate Principal Balances, Certificate Interest Rates and Final Distribution Dates shall be as follows: Designation Original Certificate Certificate Final Principal Interest Distribution Class Certificate Principal Balance Certificate Interest Rate Final Distribution Date Class 52-A $173,550,000 7.0052,316,374 3.5% January 2021 April 2023 Class 5-B 23,210,000 7.00 September 2017 Class 5-C 34,420,000 7.00 April 2021 Class 5-D 14,950,000 7.00 November 2021 Class 5-VA 10,160,000 7.00 February 2002 Class 5-VB 14,450,000 7.00 February 2007 Class 5-VC 29,885,000 7.00 December 2013 Class 5-Z 24,375,000 7.00 February 2027 Class 52-R (1) (1) February 2027April 2023 (1) The Class 52-R Certificate does not have a Class Certificate Principal Balance and does not bear interest. The Class 52-R Certificate is hereby designated as the sole Class of “residual interest” in the REMIC within the meaning of Section 860G(a)(2) of the Code. Each remaining Class of Certificates is hereby designated as a “regular interest” in the REMIC within the meaning of Section 860G(a)(1) of the Code. No distributions of principal or interest shall be made on the Class 52-R Certificate, Certificate except that any distribution of the proceeds of any remaining assets of the Trust Fund will be made only upon presentation and surrender of the Class 52-R Certificate at the Corporate Trust Office or such other office or address as may be specified in the notice of such final distribution from Xxxxxx Mae. Xxxxxx Xxx hereby initially appoints State Street Bank and Trust Company at its corporate trust office as Paying Agent for the purpose of making distributions on the Class 52-R Certificate as provided herein. Xxxxxx Mae shall distribute to the Class 52-R Certificateholder the proceeds of the remaining assets of the Trust Fund, if any, after the Class Certificate Principal Balance of each the Class of 2-A Certificates has been reduced to zero. Interest on each the Class of interest2-bearing A Certificates for the related each Interest Accrual Period at the applicable Certificate Interest Rate shall be distributed on each the related Distribution Date, except for interest on the Accrual Certificates as described below. The total amount of interest either distributed or added to the Certificate Principal Balance with respect to any Certificate on any Distribution Date on each Class 2-A Certificate shall be equal to one month’s interest at the applicable Certificate Interest Rate on the Certificate Principal Balance of such Certificate immediately prior to such Distribution Date. On each Distribution Date prior to the Initial Interest Distribution Date, interest accrued in respect of any Accrual Certificate during the related Interest Accrual Period shall not be distributable thereon but shall instead be added to the Certificate Principal Balance thereof. On each Distribution Date, distributions in reduction of the Certificate Principal Balances of the Class 2-A Certificates shall be made in an amount equal to the Principal Distribution Amount. On each Distribution Date, the Accrual Amount, if any, shall be distributed as principal of the Class 5-VA, Class 5-VB, Class 5-VC, Class 5-B, Class 5-C and Class 5-D Certificates, in that order, until the respective Class Certificate Principal Balances Balance thereof are reduced to zero, and thereafter to the Class 5-Z Certificates. On each Distribution Date, the Cash Flow Value Distribution Amount shall be distributed, sequentially, as principal of the Class 5-A, Class 5-B, Class 5-C, Class 5-D, Class 5- VA, Class 5-VB, Class 5-VC and Class 5-Z Certificates, in that order, until the respective Class Certificate Principal Balances thereof are is reduced to zero.