Common use of Issuance of Certificates Clause in Contracts

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 40-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 40-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4078-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4078-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4010-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4010-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 409-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 409-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4044-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4044-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4031-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4031-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4080-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4080-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4047-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4047-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4062-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4062-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4023-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4023-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 407-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 407-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4063-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4063-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 40119-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 40119-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4035-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4035-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4050-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4050-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4028-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4028-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4049-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4049-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4024-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4024-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 408-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 408-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such The Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only ClassesCertificates, which have no principal balances, such denominations will represent the original notional principal balances Notional Principal Balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4045-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4045-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4034-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4034-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4031-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4031-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4069-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4069-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4032-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4032-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4017-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4017-R Certificate may be transferred and is are otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4032-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4032-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such The Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4062-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4062-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4051-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4051-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and ). The Regular Certificates may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 40-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 40-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4057-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4057-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4060-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4060-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 40131-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 40131-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4086-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4086-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4046-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4046-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4056-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4056-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4061-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4061-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4085-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4085-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4039-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4039-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4097-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4097-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4064-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4064-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4066-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4066-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 404-R Certificate shall be issued in certificated fully certificated, fully-registered form in substantially the form of attached hereto as Exhibit B-1 heretoB-1. The Class 404-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4012-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4012-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4024-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4024-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4071-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4071-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4012-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4012-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 40-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 40-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4077-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4077-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4019-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4019-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4046-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4046-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4096-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4096-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such The Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only ClassesCertificates, which have no principal balances, such denominations will represent the original notional principal balances Notional Principal Balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4047-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4047-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4097-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4097-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 40123-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 40123-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4054-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4054-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4074-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4074-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 407-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 407-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such The Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only ClassesCertificates, which have no principal balances, such denominations will represent the original notional principal balances Notional Principal Balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4027-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4027-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4062-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4062-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4083-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 B hereto. The Class 4083-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4037-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4037-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular The Class II-A Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in excess thereof; and the Prospectus Supplement Interest Only Class Certificaets shall be in authorized denominations of $100,000 and integral multiples of $1 in excess thereof. (in In the case of the Interest Only ClassesClass, which have has no principal balancesbalance, such denominations denomination will represent the original notional principal balances balance thereof.) and The Regular Certificates may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4011-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 B hereto. The Class 4011-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 401-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 401-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4056-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4056-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4019-R Certificate Certificates shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 heretohereto and shall be in authorized denominations of $1,000 and integral multiples of $1 in excess thereof. The Class 4019-R Certificate Certificates may be transferred and is are otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4022-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4022-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4081-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4081-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4079-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4079-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4091-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4091-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4084-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4084-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 40122-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 40122-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4036-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4036-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such The Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only ClassesCertificates, which have no principal balances, such denominations will represent the original notional principal balances Notional Principal Balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4028-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4028-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4073-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4073-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4018-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4018-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4093-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4093-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4046-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4046-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4013-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4013-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4010-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4010-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4043-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4043-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4017-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 B hereto. The Class 4017-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4047-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4047-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4066-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4066-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4016-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4016-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4030-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4030-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4024-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4024-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4081-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4081-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4022-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4022-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4095-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4095-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4072-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4072-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and ). The Regular Certificates may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4014-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4014-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4058-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4058-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4093-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4093-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4076-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4076-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 404-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 404-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of the Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 403-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 403-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 40101-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 40101-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4021-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4021-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified in the Prospectus Supplement (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4045-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4045-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.

Issuance of Certificates. The Regular Certificates shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank. Such Regular Certificates shall be in the authorized denominations specified of $1,000 and integral multiples of $1 in the Prospectus Supplement excess thereof (in the case of Interest Only Classes, which have no principal balances, such denominations will represent the original notional principal balances thereof) and may be transferred or pledged in accordance with and subject to regulations governing Xxxxxx Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A and procedures that are followed generally for book-entry securities. The Class 4037-R Certificate shall be issued in certificated fully registered form in substantially the form of Exhibit B-1 hereto. The Class 4037-R Certificate may be transferred and is otherwise subject to the provisions of Article V hereof.