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F'at=r+; Mal, noith�, t trnitod States nor any o9v**cy or <br />,rip tt(;mentality then -f is c•t'ligate+d to finance Fannie Mme's <br />,4 14,44t iom or assi=t Fannin Mwo in any wanner. <br />F atrniP Ma- has implenwnteri a wortg&"-b&cted securities <br />t x �<at am pursuant to who i h Fanni- Mae isswrs securit ies backed by <br />-I Mort r'aTR+ l at = (t hp yl :, prr,-at q-, 1Le obligations of <br />Fannin Mae, includinq its obligAtfans Tamps Mss pities. <br />aro- oblifaticns Aolely of Fannie Hae ar, i are not backed by, or <br />«int itled to, the full faith anoi credit c,f tt,a ftited States. <br />The tome of the KBS i°tugram ate quv-i ned by Fannie Kas <br />SPI ] i nq and .cervicij; a guides (the •t+ =l* Mae rAjides•) , as modif led <br />by the tool Purchase cont _tact (herein defined) , and in the case of <br />mort.gage loans such as Series A Moi,tIi Loans, a Trust loidenture <br />dated as of 1r'c."' 7,i 1981, as ascended (the "Trust. Indenture•) , <br />and a sur plrm-nt t h-1 -t:o to be issued by Fannie Kae in connection <br />with each pc -c1. The MRS Program is further described in a <br />FezOPP-ectu ; isued 1_,y F--annie Mae (the *Panni* Mae Prosspectua•) . The <br />moatt ec-ent. Fannie N,ae Pi ospect uc is dated January 1, 1994 and is <br />updatwd from t] tf' to tir-:-. <br />Cf-F,ivs .,f the Far.nic ?,,c,. 1°tospectus And Fannie Mas's most <br />recent .annual and quat t c.t ) y :-ports and proxy statements ars <br />ova i l at; -1 f wi t i.<_ -it charge f i F:; ] 1 -n Goldberg. Vice President for <br />lnventot Felat.ons, Federal ft..ti nal Mortgage Association. 2900 <br />wi sc•ons3i n Avenue, 11. W. , ra::f ; ngton, D. C. 20016 {telephone: <br />ltr2,1 % i.)- 6')[A) . <br />The suirsary of the w program set fortis herein does not <br />i;utf,,:zt to be eospreher,=ive and in qualified in its entirety by <br />r Ierenc=p to the Fannie Mae Guides, the Fannie Mae Prospectus and <br />the ether documents it^f-tt-d to herein. <br />Pool Purchase Contract <br />wdl t h.. t r ..taupe Mae and the SerViosr WI l l sates <br />r:..ae CLMtTact (the *pool Purchase (oO tracy). <br />Pur suant t , spa, t, i he Servicer vi 11 be persitted to del iner. and <br />F ante, "A,. will age+e to purchase Ocawut iotnal Mortgage Loans Ur <br />exchange 1, ) Series A Fannie Mea Seceut it ies . fte purpose of the <br />Paul Pure t se *gout ract to to prwrr ids tot Cert a is adds t iar. <br />dalet "w " .`4 too the Faaaie Mss atldr relat Uy tO tae <br />pure"".. , s Co mac tawai Mortgage gar. in the eveft of a <br />vast 1 i ct batawr ire pool Poitcosse Cs■tgWt awd the PONUO RAO <br />QMLdss , the pool A-8 Obese oast east Will GeNtmil . The deans UFS <br />009 tost b 661401400r a that tre Pool OwaftmM r <br />Cu eaCS rl i i be <br />oneorrted w4tavt4alltr► v w tae" Preemtard Our pArS. an t• the <br />OWv&ast r of ire brie avert . <br />ands: t Ir 00" Air Coutlet A■N" ter }rel i re <br />both K ima! rl�5timmabon" &"4010 ! tris <br />tet► iw r hs F swaNe <br />of <br />