<PAGE>
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: September 25, 1996
(Date of earliest event reported)
J.P. Morgan Commercial Mortgage Finance Corp., Mortgage
Pass-Through Certificates, Series 1996-C3
(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
04-3321623(I.R.S. Employer Identification No.)
Not Applicable
(Former name, former address and former fiscal year if changed since
last report)
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J.P. Morgan Commercial Mortgage Finance Corp., Mortgage
Pass-Through Certificates, Series 1996-C3
FORM 8-K
INDEX
<TABLE>
<CAPTION>
<S> <C> <C>
ITEM DESCRIPTION PAGE NUMBER
Item 5. Other Events 3
Signatures 4
Exhibit A. Trustee's Report to
Bondholders (attached)
</TABLE>
<PAGE>
J.P. Morgan Commercial Mortgage Finance Corp., Mortgage
Pass-Through Certificates, Series 1996-C3
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 Commercial Mortgage Finance Corp., Mortgage
Pass-Through Certificates, Series 1996-C3
(Registrant)
Date:
By:
Name Karen Beard
Title: Assistant Vice President
State Street Bank and Trust Company
as Trustee
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STATE STREET BANK and TRUST COMPANY
Corporate Trust Department
Securities Administration
J.P. Morgan Commercial Mortgage Finance Corp., Mortgage
Pass-Through Certificates, Series 1996-C3
FORM 8-K
REPORT TO CERTIFICATEHOLDERS
EXHIBIT A
CONTENTS
<TABLE>
<CAPTION>
CONTENT PAGE NUMBER
<S> <C>
QUICK REFERENCE I
FOR EASY ISSUE AND FACTOR
INFORMATION
PAYMENT SUMMARY 1
OTHER INFORMATION 3
ADVANCES AND FEES
PRINCIPAL DISTRIBUTION DETAIL 2
FOR DETAILED INFORMATION
INTEREST DISTRIBUTION DETAIL 3
FOR DETAILED PAYMENT INFORMATION
SUPPLEMENT COLLATERAL DETAILS
</TABLE>
<PAGE>
J.P. Morgan Commercial Mortgage Finance Corp., Mortgage
Pass-Through Certificates, Series 1996-C3
"Payment Date: SEPTEMBER 25, 1996"
<TABLE>
<CAPTION>
QUICK REFERENCE
Certificate Ending
Regular Rate Interest Principal Interest Balance
Class % Type Distribution Distribution Factor
<S> <C> <C> <C> <C> <C>
A1 7.3300 FIX 2.46640 6.07826 0.99261
A1X* 1.0149 VAR 0.00000 0.84159 0.99261
A2 7.3300 FIX 0.00000 6.10833 1.00000
A2X 1.0149 VAR 0.00000 0.84576 1.00000
B 8.0899 VAR 0.00000 6.74159 1.00000
BCX* 0.1786 FIX 0.00000 0.14880 1.00000
C 8.2369 VAR 0.00000 6.86409 1.00000
D 8.3449 VAR 0.00000 6.95409 1.00000
E 8.3449 VAR 0.00000 6.95409 1.00000
F 8.3449 VAR 0.00000 6.95409 1.00000
G 8.3449 VAR 0.00000 6.95409 1.00000
NR 8.3449 VAR 0.00000 6.95409 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
BCX-B* 0.2550 FIX 0.00000 0.21250 1.00000
BCX-C* 0.1080 FIX 0.00000 0.09000 1.00000
* NOTIONAL CLASS
</TABLE>
Account Administrator: Arno Izuagie (617)664-5424
Account Officer: Karen Beard (617)664-5465
Street Connection: (factor and rate by CUSIP) (617)664-5500
Street Fax: (secondary market reports) (617) 664-5600
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J.P. Morgan Commercial Mortgage Finance Corp., Mortgage
Pass-Through Certificates, Series 1996-C3
"Payment Date: SEPTEMBER 25, 1996"
<TABLE>
<CAPTION>
PAYMENT SUMMARY
Regular Principal Principal Interest Interest Total
Class Payable Adjustments Payable Adjustments Payable
<S> <C> <C> <C> <C> <C>
A1 "394,623.56" 0.00 "972,521.53" 0.00 "1,367,145.09"
A1X* 0.00 0.00 "134,655.09" 0.00 "134,655.09"
A-2 0.00 0.00 "688,018.23" 0.00 "688,018.23"
A2X* 0.00 0.00 "95,262.84" 0.00 "95,262.84"
B 0.00 0.00 "162,175.73" 0.00 "162,175.73"
BCX* 0.00 0.00 "7,457.30" 0.00 "7,457.30"
C 0.00 0.00 "178,878.23" 0.00 "178,878.23"
D 0.00 0.00 "97,579.81" 0.00 "97,579.81"
E 0.00 0.00 "55,757.91" 0.00 "55,757.91"
F 0.00 0.00 "181,223.63" 0.00 "181,223.63"
G 0.00 0.00 "125,465.72" 0.00 "125,465.72"
NR 0.00 0.00 "83,671.55" 0.00 "83,671.55"
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 "$394,623.56" $0.00 "$2,782,667.57" 0.00 "$3,177,291.13"
COMPONENT
CLASS
BCX-B* 0.00 0.00 "5,111.90" 0.00 "5,111.90"
BCX-C* 0.00 0.00 "2,345.40" 0.00 "2,345.40"
*NOTIONAL CLASS
</TABLE>
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J.P. Morgan Commercial Mortgage Finance Corp., Mortgage
Pass-Through Certificates, Series 1996-C3
"Payment Date: SEPTEMBER 25, 1996"
<TABLE>
<CAPTION>
PRINCIPAL DISTRIBUTION DETAIL
Net
Regular Beginning Principal Realized Principal Principal Ending
Class Balance Payable Loss/CVA Adjustment Payments Balance
<S> <C> <C> <C> <C> <C> <C>
A1 "159,212,256.03" "394,623.56" 0.00 0.00 "394,623.56" "158,817,632.47"
A1X* "159,212,256.03" 0.00 0.00 0.00 0.00 "158,817,632.47"
A2 "112,636,000.00" 0.00 0.00 0.00 0.00 "112,636,000.00"
A2X* "112,636,000.00" 0.00 0.00 0.00 0.00 "112,636,000.00"
B "24,056,000.00" 0.00 0.00 0.00 0.00 "24,056,000.00"
BCX* "50,116,000.00 0.00 0.00 0.00 0.00 "50,116,000.00
C "26,060,000.00" 0.00 0.00 0.00 0.00 "26,060,000.00"
D "14,032,000.00" 0.00 0.00 0.00 0.00 "14,032,000.00"
E "8,018,000.00" 0.00 0.00 0.00 0.00 "8,018,000.00"
F "26,060,000.00" 0.00 0.00 0.00 0.00 "26,060,000.00"
G "18,042,000.00" 0.00 0.00 0.00 0.00 "18,042,000.00"
NR "12,031,989.00" 0.00 0.00 0.00 0.00 "12,031,989.00"
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
Total "$400,148,245.03" "$394,623.56" 0.00 0.00 "$394,623.56" "$399,753,621.47"
Component
Class
BCX-B* "24,056,000.00" 0.00 0.00 0.00 0.00 "24,056,000.00"
BCX-C* "26,060,000.00" 0.00 0.00 0.00 0.00 "26,060,000.00"
*NOTIONAL CLASS
</TABLE>
<PAGE>
J.P. Morgan Commercial Mortgage Finance Corp., Mortgage
Pass-Through Certificates, Series 1996-C3
"Payment Date: SEPTEMBER 25, 1996"
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION DETAIL
Prior
CVA Current Unpaid
Regular Accrued Interest Prepayment Interest Unpaid Interest Net
Class Interest Amount Premium Shortfall Int. Recovered Interest
<S> <C> <C> <C> <C> <C> <C> <C>
A1 "972,521.53" 0.00 0.00 0.00 0.00 0.00 "972,521.53"
A1X* "134,655.09" 0.00 0.00 0.00 0.00 0.00 "134,655.09"
A2 "688,018.23" 0.00 0.00 0.00 0.00 0.00 "688,018.23"
A2X* "95,262.84" 0.00 0.00 0.00 0.00 0.00 "95,262.84"
B "162,175.73" 0.00 0.00 0.00 0.00 0.00 "162,175.73"
BCX* "7,457.30" 0.00 0.00 0.00 0.00 0.00 "7,457.30"
C "178,878.23" 0.00 0.00 0.00 0.00 0.00 "178,878.23"
D "97,579.81" 0.00 0.00 0.00 0.00 0.00 "97,579.81"
E "55,757.91" 0.00 0.00 0.00 0.00 0.00 "55,757.91"
F "181,223.63" 0.00 0.00 0.00 0.00 0.00 "181,223.63"
G "125,465.72" 0.00 0.00 0.00 0.00 0.00 "125,465.72"
NR "83,671.55" 0.00 0.00 0.00 0.00 0.00 "83,671.55"
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 "$2,782,667.57" 0.00 0.00 0.00 0.00 0.00 "$2,782,667.57"
Component
Class
BCX-B* "5,111.90" 0.00 0.00 0.00 0.00 0.00 "5,111.90"
BCX-C* "2,345.40" 0.00 0.00 0.00 0.00 0.00 "2,345.40"
* NOTIONAL CLASS
</TABLE>
<PAGE>
J.P. Morgan Commercial Mortgage Finance Corp., Mortgage
Pass-Through Certificates, Series 1996-C3
Payment Date: SEPTEMBER 25, 1996
<TABLE>
<CAPTION>
ADVANCES
BEGINNING CURRENT RECOVERIES OUTSTANDING
<S> <C> <C> <C> <C>
PRINCIPAL ADVANCES 0.00 "$21,273.70" 0.00 "$21,273.70"
INTEREST ADVANCES 0.00 "$154,281.93" 0.00 "$154,281.93"
TOTAL ADVANCES 0.00 "$175,555.63" 0.00 "$175,555.63"
SERVICING ADVANCES 0.00 0.00 0.00 0.00
</TABLE>
CURRENT INTEREST ON ADVANCES 0.00
CUMULATIVE INTEREST ON ADVANCES 0.00
MASTER SERVICING FEE "$10,003.71"
SPECIAL SERVICING FEE 0.00
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 sufficiency thereof for any particular purpose. "State Street"
has not independently verified information received from third parties, " and
shall have no liability for any inaccuracies therein or caused thereby.
