SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
and Exchange Act of 1934
Date of Report: June 25, 1996
(Date of earliest event reported)
J.P. Morgan Commerical Mortgage Finance Corp. Mortgage
Pass-Through Certificates, Series 1996 C2
(Exact name of registrant as specified in governing instruments)
New York
(State or other Jurisdiction of Incorporation)
60 Wall Street
18th Floor
New York, New York 10260
(Address of Principal Executive Offices) (Zip Code)
(212) 648-9344
(Registrant's telephone number, including area code)
Commission File Number 33-89374
04-3305215(I.R.S. Employer Identification NO.)
Not Applicable
(Former name, former address and former fiscal year if changed since
last report)
<PAGE>
J.P. Morgan Commerical Mortgage Finance Corp. Mortgage
Pass-Through Certificates, Series 1996 C2
FORM 8-K
INDEX
<TABLE>
<CAPTION>
<S> <C> <C>
ITEM DESCRIPTION PAGE NUMBER
Item 5. Other Event 3
Item 7. Financial Statements and
Exibit 3
Signatures 3
Exibit A Trustee's Report to
Bondholders 4
</TABLE>
<PAGE>
J.P. Morgan Commerical Mortgage Finance Corp. Mortgage
Pass-Through Certificates, Series 1996 C2
FORM 8-K
ITEMS AND SIGNATURES
ITEMS
Item 5. Other Events
See Exhibit A, the Trustee's Report to Bondholders as of June 25, 1996 attached
hereto.
J.P. Morgan Commerical Mortgage Finance Corp. Mortgage
Pass-Through Certificates, Series 1996 C2
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrar has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
J.P. Morgan Commerical Mortgage Finance Corp. Mortgage
Pass-Through Certificates, Series 1996 C2
(Registrant)
Date:June 25, 1996
By:
Name Karen Beard
Title: Assistant Vice President
State Street Bank and Trust Company
as Trustee
<PAGE>
STATE STREET BANK and TRUST COMPANY
Corporate Trust Department
Securities Administration
J.P. Morgan Commerical Mortgage Finance Corp. Mortgage
Pass-Through Certificates, Series 1996 C2
FORM 8-K
REPORT TO CERTIFICATEHOLDERS
EXIBIT A
CONTENTS
<TABLE>
<CAPTION>
CONTENT PAGE NUMBER
<S> <C>
QUICK REFERENCE I
FOR EASY ISSUE AND FACTOR
INFORMATION
PAYMENT SUMMARY 1
OTHER INFORMATION
ADVANCES AND FEES 1
PRINCIPAL DISTRIBUTION DETAIL
FOR DETAILED INFORMATION 2
INTEREST DISTRIBUTION DETAIL
FOR DETAILED PAYMENT INFORMATION
SUPPLEMENT COLLATERAL DETAILS 3
</TABLE>
<PAGE>
J.P. Morgan Commerical Mortgage Finance Corp. Mortgage
Pass-Through Certificates, Series 1996 C2
"PAYMENT DATE: June 25, 1996"
<TABLE>
<CAPTION>
QUICK REFERENCE
CERT. INTEREST PRINCIPAL INTEREST ENDING
REGULAR RATE TYPE DIST. DIST. BALANCE
CLASS % FACTOR
<S> <C> <C> <C> <C> <C>
A 6.4700 FIX 2.09647 5.36109 0.99291
AX* 2.2829 VAR 0.00000 1.89165 0.99291
B 6.8000 FIX 0.00000 6.66667 1.00000
C 7.0000 FIX 0.00000 1.83333 1.00000
D 7.3000 FIX 0.00000 6.08333 1.00000
DX* 1.7196 VAR 0.00000 1.43300 1.00000
E 8.7529 VAR 0.00000 7.29411 1.00000
F 8.7529 VAR 0.00000 7.29411 1.00000
G 8.7529 VAR 0.00000 7.29411 1.00000
NR 8.7529 VAR 0.00000 7.29411 1.00000
R-I 0.0000 N/A 0.00000 0.00000 0.00000
R-II 0.0000 N/A 0.00000 0.00000 0.00000
R-III 0.0000 N/A 0.00000 0.00000 0.00000
COMPONENT
CLASS
DX-B* 1.9529 VAR 0.00000 11.93861 1.00000
DX-C* 1.7529 VAR 0.00000 10.71598 1.00000
DX-D* 1.4529 VAR 0.00000 22.65459 1.00000
* NOTIONAL CLASS
</TABLE>
<PAGE>
J.P. Morgan Commerical Mortgage Finance Corp. Mortgage
Pass-Through Certificates, Series 1996 C2
"PAYMENT DATE: June 25, 1996"
<TABLE>
<CAPTION>
PAYMENT SUMMARY
REGULAR PRINCIPAL PRINCIPL INTEREST INTEREST TOTAL
CLASS PAYABLE ADJ. PAYABLE ADJ. PAYABLE
<S> <C> <C> <C> <C> <C>
A "294,094.54" 0.00 "1,110,609.61" 0.00 "1,404,704.15"
AX* 0.00 0.00 "391,876.97" 0.00 "391,876.97"
B 0.00 0.00 "94,945.00" 0.00 "94,945.00"
C 0.00 0.00 "97,737.50" 0.00 "97,737.50"
D 0.00 0.00 "101,926.25" 0.00 "101,926.25"
DX* 0.00 0.00 "72,029.61" 0.00 "72,029.61"
E 0.00 0.00 "183,330.12" 0.00 "183,330.12"
F 0.00 0.00 "16,659.74" 0.00 "16,659.74"
G 0.00 0.00 "77,769.78" 0.00 "77,769.78"
NR 0.00 0.00 "66,690.03" 0.00 "66,690.03"
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
TOTAL "$294,094.54" 0.00 "$2,213,574.61" 0.00 "$2,507,669.15"
COMPONENT
CLASS
DX-B* 0.00 0.00 "27,267.79" 0.00 "27,267.79"
DX-C* 0.00 0.00 "24,475.29" 0.00 "24,475.29"
DX-D* 0.00 0.00 "20,286.54" 0.00 "20,286.54"
*NOTIONAL CLASS
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ADVANCES
BEGINNING CURRENT RECOVERIES OUTSTANDING
<C> <C> <C> <C>
<S>
PRINCIPAL ADVANCES 0.00 0.00 0.00 0.00
INTEREST ADVANCES 0.00 0.00 0.00 0.00
TOTAL ADVANCES 0.00 0.00 0.00 0.00
SERVICING ADVANCES 0.00 0.00 0.00 0.00
</TABLE>
CURRENT INTEREST ON ADVANCES 0.00
CUMULATIVE INTEREST ON ADVANCES 0.00
SERVICING FEE "$12,664.78"
SPECIAL SERVICING FEE "0.00"
<PAGE>
J.P. Morgan Commerical Mortgage Finance Corp. Mortgage
Pass-Through Certificates, Series 1996 C2
"PAYMENT DATE: June 25, 1996"
<TABLE>
<CAPTION>
PRINCIPAL DISTRIBUTION DETAIL
PRIN. REAL'D PRIN. NET BEGINING ENDING
CLASS PAYABLE LOSS ADJ. PYMTS BALANCE BALANCE
<S> <C> <C> <C> <C> <C> <C>
A "294,094.54" 0.00 0.00 "294,094.54" "205,986,325.80" "205,692,231.26"
AX* 0.00 0.00 0.00 0.00 "205,986,325.80" "205,692,231.26"
B 0.00 0.00 0.00 0.00 "16,755,000.00" "16,755,000.00"
C 0.00 0.00 0.00 0.00 "16,755,000.00" "16,755,000.00"
D 0.00 0.00 0.00 0.00 "16,755,000.00" "16,755,000.00"
DX* 0.00 0.00 0.00 0.00 "50,265,000.00" "50,265,000.00"
E 0.00 0.00 0.00 0.00 "25,134,000.00" "25,134,000.00"
F 0.00 0.00 0.00 0.00 "2,284,000.00" "2,284,000.00"
G 0.00 0.00 0.00 0.00 "10,662,000.00" "10,662,000.00"
NR 0.00 0.00 0.00 0.00 "9,143,000.00" "9,143,000.00"
R-I 0.00 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00 0.00
TOT."$294,094.54" 0.00 0.00 "$294,094.54" "303,474,325.80" "$303,180,231.26"
CLASS DX COMPONENTS
DX-B* 0.00 0.00 0.00 0.00 "16,755,000.00" "16,755,000.00"
DX-C* 0.00 0.00 0.00 0.00 "16,755,000.00" "16,755,000.00"
DX-D* 0.00 0.00 0.00 0.00 "16,755,000.00" "16,755,000.00"
*NOTIONAL CLASS
</TABLE>
<PAGE>
J.P. Morgan Commerical Mortgage Finance Corp. Mortgage
Pass-Through Certificates, Series 1996 C2
"PAYMENT DATE: June 25, 1996"
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION DETAIL
PRIOR CURR.
ACCRUED CVA INT. PRE-PMT UNPAID UNPAID INT. NET
CLASS INTEREST AMOUNT PREMIUM INT.AMT INT.AMT SHORT- INTEREST
FALL
<S> <C> <C> <C> <C> <C> <C> <C>
A "1,110,609.61" 0.00 0.00 0.00 0.00 0.00 "1,110,609.61"
AX* "391,876.97" 0.00 0.00 0.00 0.00 0.00 "391,876.97"
B "94,945.00" 0.00 0.00 0.00 0.00 0.00 "94,945.00"
C "97,737.50" 0.00 0.00 0.00 0.00 0.00 "97,737.50"
D "101,926.25" 0.00 0.00 0.00 0.00 0.00 "101,926.25"
DX "72,029.61" 0.00 0.00 0.00 0.00 0.00 "72,029.61"
E "183,330.12" 0.00 0.00 0.00 0.00 0.00 "183,330.12"
F "16,659.74" 0.00 0.00 0.00 0.00 0.00 "16,659.74"
G "77,769.78" 0.00 0.00 0.00 0.00 0.00 "77,769.78"
NR "66,690.03" 0.00 0.00 0.00 0.00 0.00 "66,690.03"
R-I 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL "2,213,574.61" 0.00 0.00 0.00 0.00 0.00 "2,213,574.61"
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CLASS DX COMPONENTS
<S> <C> <C> <C> <C> <C> <C> <C>
DX-B* "27,267.79" 0.00 0.00 0.00 0.00 0.00 "27,267.79"
DX-C* "24,475.29" 0.00 0.00 0.00 0.00 0.00 "24,475.29"
DX-D* "20,286.54" 0.00 0.00 0.00 0.00 0.00 "20,286.54"
* NOTIONAL CLASS
</TABLE>
Disclaimer Notice
Notice: This report has been prepared by or based on information furnished
to State Street Bank and "Trust Company(""State Street"") by one or more
third parties(e.g., Servicer, Master Servicer, etc.). "State Street shall not
have and does not undertake responsibility for the accuracy or completeness
thereof or the sufficency thereof for any particular purpose."State Street"
has not independently verified information received from third parties, " and
shall have no liablity for any inaccuracies therein or caused thereby.
