SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
Amendment No. 1
(Mark One)
| x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1995
| | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Commission File No.: 033-48771-05
Structured Asset Securities Corporation, Mortgage Pass-Through Certificates,
Series 1995-04 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of pooling and servicing agreement)
State or other jurisdiction of incorporation or organization)
52-1971909
(I.R.S. Employer Identification No.)
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway
Columbia, MD 21044
(Address of principal executive (Zip Code)
offices)
Registrant's telephone number, including area code (410) 884-2000
Securities registered pursuant to Section 12(b) of the Act: NONE
Securities registered pursuant to Section 12(g) of the Act: NONE
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
Yes X No
This Amendment No. 1 on Form 10-K/A amends Item 14 of the original Annual Report
on Form 10-K (the "Original Form 10-K") filed on March 29, 1996, by Norwest Bank
Minnesota, N.A. (the "Reporting Person"), on behalf of Structured Asset
Securities Corporation Mortgage Pass-Through Certificates, Series 1995-04 Trust
(the "Trust"), established pursuant to a Trust Agreement (the "Trust Agreement")
among Structured Asset Securities Corporation, as Depositor, (the "Depositor"),
and Norwest Bank Minnesota, N.A., as Trustee (the "Trustee"), pursuant to which
the Structured Asset Securities Corporation, Mortgage Pass-Through Certificates,
Series 1995-04 Trust, certificates registered under the Securities Act of 1933
(the "Certificates") were issued. Item 14 of the Original Form 10-K is amended
to read in its entirety as follows:
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.
(a) Exhibits
99.1 Annual Report of Independent Public Accountants' as to master
servicing activities or servicing activities as applicable:
(a) Mellon Mortgage Company, as Servicer<F1>
99.2 Management Assertion Letter:
(a) Mellon Mortgage Company, as Servicer<F2>
99.3 Annual Statements of Compliance with obligations under the
Pooling Agreement or servicing agreement, as applicable, of:
(a) Mellon Mortgage Company, as Servicer<F1>
(b) Omitted.
(c) Omitted.
(d) Omitted.
<F1> Filed herewith.
<F2> Such document (i) is not filed herewith since such document was not
received by the Reporting Person at least three business days prior to the due
date of this report; and (ii) will be included in a further admendment to the
Original Form 10-K to be filed within 30 days of the Reporting Person's receipt
of such document.
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized:
Structured Asset Securities Corporation Mortgage Pass-Through Certificates,
Series 1995-04 Trust
By: Norwest Bank Minnesota, N.A.,
as Trustee
By: /s/ Sherri J. Sharps
By: Sherri Sharps
Title: Vice President
Dated: October 1, 1997
EXHIBIT INDEX
Exhibit No.
99.1 Annual Report of Independent Public Accountants' as to master
servicing activities or servicing activities as applicable:
(a) Mellon Mortgage Company, as Servicer<F1>
99.2 Management Assertion Letter:
(a) Mellon Mortgage Company, as Servicer<F2>
99.3 Annual Statements of Compliance with obligations under the
Pooling Agreement or servicing agreement, as applicable, of:
(a) Mellon Mortgage Company, as Servicer<F1>
<F1> Filed herewith.
<F2> Such document (i) is not filed herewith since such document was not
received by the Reporting Person at least three business days prior to the due
date of this report; and (ii) will be included in a further admendment to the
Original Form 10-K to be filed within 30 days of the Reporting Person's receipt
of such document.
(logo)Peat Marwick LLP
700 Louisiana Telephone 713 224 4262 Telefax 713 224 4566
P 0. Box 4545 Telex 286705 PMMT UR (RCA)
Houston, TX 77210-4545
INDEPENDENT AUDITORS' REPORT
The Board of Directors
Mellon Mortgage Company:
We have examined management's assertion as to Mellon Mortgage Company's (the
Company) compliance with the minimum servicing standards identified in the
Mortgage Bankers Association of America's (MBA) UNIFORM SINGLE ATTESTATION
PROGRAM FOR MORTGAGE BANKERS (USAP) as of and for the year ended December 31,
1995, included in the accompanying management assertion. Management is
responsible for the Company's compliance with those minimum servicing,
standards. Our responsibility is to express an opinion on management's
assertion about the Company's compliance based on our examination.
Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with the
minimum servicing standards and performing such other procedures as we
considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion. Our examination does not provide a
legal determination on the Company's compliance with the minimum servicing
standards.
In our opinion, management's assertion that Mellon Mortgage Company complied
with the aforementioned minimum servicing standards as of and for the year ended
December 31, 1995 is fairly stated, in all material respects.
/s/KPMG Peat Marwick LLP
January 26, 1996
(logo)Member Firm of
Klynveld Peat Marwick Goerdeler
(logo)MELLON MORTGAGE Mellon Mortgage Company
COMPANY 3100 Travis Street
Houston, Texas 77OO6-3699
Mailing Address:
NORWEST BANK MINNESOTA, N.A. P.O. Box 2885
11000 Broken Land Parkway, 2nd Floor Houston, Texas 77252-2885
Columbia, Maryland 21044-3562
Attn: Vice President Master Servicing Department 713 525 8000
RE: Officer's Certificate
Dear Master Servicer:
The undersigned Officer certifies the following for the 1995 fiscal year:
(A) I have reviewed the activities and performances of the Servicer during the
preceding fiscal year under the terms of the Servicing Agreement, Trust
Agreement Pooling and Servicing Agreement and/or Servicer Guide and to the best
of my knowledge, the Servicer has fulfilled all of its duties, responsibilities
or obligations under these Agreements throughout such year, or if there has been
a default or failure of the Servicer to perform any such duties,
responsibilities or obligations, a description of each default or failure and
the nature and status thereof has been reported to Norwest Bank Minnesota, N.A.;
(B) I have confirmed that the Servicer is currently an approved FNMA or FHLMC
Servicer in good standing;
(C) I have confirmed that the Fidelity Bond, the Errors and Omissions Insurance
Policy and any other bonds required under the terms of the Servicing Agreement,
Trust Agreement, Pooling and Servicing Agreement and/or Servicer Guide are in
full force and effect;
(D) All premiums for each Hazard Insurance Policy, Flood Insurance Policy (if
applicable) and Primary Mortgage Insurance Policy (if applicable), with respect
to each Mortgaged Property, have been paid and that all such insurance policies
are in full force and effect;
(E) All real estate taxes, governmental assessments and any other expenses
accrued and due, that if not paid could result in a lien or encumbrance on any
Mortgaged Property, have been paid, or if any such costs or expenses have not
been paid with respect to any Mortgaged Property, the reason for the non-payment
has been reported to Ryland Mortgage Company;
(F) All Custodial Accounts have been reconciled and are properly funded; and
(G) All annual reports of Foreclosure and Abandonment of Mortgaged Property
required per section 6050J and 6050P of the Internal Revenue Code,
respectively, have been prepared and filed.
Certified by:
/s/Debra Braun
Officer Debra Braun
Vice President
Title
7/17/96
Date
