SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: December 13, 1996
(Date of earliest event reported)
Asset Securitization Corporation
- ------------------------------------------------------------------------------
(Exact Name of registrant as specified in its charter)
Delaware 33-49370-01 13-3672337
- ---------- -------------------- ---------------------------
(State or Other Juris- (Commission (I.R.S. Employer
diction of Incorporation) File Number) Identification Number)
Two World Financial Center, Building B, New York, New York 10281
- ----------------------------------------------------------------------------
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code: 212-667-9300
------------------------
- ------------------------------------------------------------------------------
This Document contains exactly 05 Pages.
The Exhibit Index is on Page 05 .
<PAGE>
ITEM 5. OTHER EVENTS
This Current Report on Form 8-K relates to the Trust Fund formed,
and the Commercial Mortgage Pass-Through Certificates Series 1996-D3 issued
pursuant to a Pooling and Servicing Agreement, dated as of October 1, 1996 (the
"Pooling and Servicing Agreement"), by and among Asset Securitization
Corporation (the "Company"), as depositor, AMRESCO Management, Inc., as
servicer, LaSalle National Bank, as trustee, and ABN AMRO Bank, N.V.,
as fiscal agent. The Certificates have been registered pursuant to the Act
under a Registration Statement on Form S-3 (No.33-49370) (the "Registration
Statement").
Capitalized terms used herein and not defined herein have the
same meanings ascribed to such terms in the Pooling and Servicing Agreement.
Pursuant to Section 3.22 of the Pooling and Servicing Agreement,
Servicer is filing this Current Report containing the December 13, 1996 monthly
distribution report prepared by the Trustee pursuant to Section 4.02(a) thereof.
This Current Report is being filed by the Servicer, in its
capacity as such under the Pooling and Servicing Agreement, on behalf of the
Registrant. The information reported and contained herein has been supplied to
the Servicer by one or more of the Borrowers or other third parties without
independent review or investigation by the Servicer. Pursuant to the Pooling
and Servicing Agreement, the Servicer is not responsible for the accuracy or
completeness of such information.
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
(c) Exhibits
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
5.1 99 Monthly distribution report pursuant to
Section 4.2 of the Pooling and Servicing
Agreement for the distribution on December
13, 1996.
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on behalf of the Registrant
by the undersigned thereunto duly authorized.
AMRESCO MANAGEMENT, INC., IN
ITS CAPACITY AS SERVICER
UNDER THE POOLING AND
SERVICING AGREEMENT ON
BEHALF OF ASSET
SECURITIZATION CORPORATION,
REGISTRANT
By: /s/ Daniel B. Kirby
Daniel B. Kirby,
Senior Vice President
By: /s/ William J. Sweeney
William J. Sweeney, Jr.,
Date: December 19, 1996
<PAGE>
EXHIBIT INDEX
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
5.1 99 Monthly distribution report pursuant to
Section 4.2 of the Pooling and Servicing
Agreement for the distribution on December
13, 1996.
ABN AMRO
LaSalle National Bank
Administrator:
Mary Collier (800) 246-5761
135 S. LaSalle Street Suite 1740
Chicago, IL 60603
Amresco Management, Inc. as Servicer
Criimi Mae Services Limited Partnership as Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-D3
ABN AMRO Acct: 67-7632-92-9
Statement Date: 12/13/96
Payment Date: 12/13/96
Prior Payment: 11/14/96
Record Date: 12/10/96
Number Of Pages
Table Of Contents 1
REMIC Certificate Report 4
Other Related Information 3
Asset Backed Facts Sheets 1
Delinquency Loan Detail 1
Mortgage Loan Characteristics 2
Loan Level Listing 4
Total Pages Included In This Package 16
Specially Serviced Loan Detail Appendix A
Modified Loan Detail Appendix B
Realized Loss Detail Appendix C
Asset Securitization Corporation
Amresco Management, Inc. as Servicer
Criimi Mae Services Limited Partnership as Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-D3
ABN AMRO Acct: 67-7632-92-9
Upper-Tier
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1A 64,985,025.00 64,403,260.07
045424BZ0 1000.000000000 991.047707837
A-1B 154,000,000.00 154,000,000.00
045424CA4 1000.000000000 1000.000000000
A-1C 321,000,000.00 321,000,000.00
045424CB2 1000.000000000 1000.000000000
A-1D 19,564,674.00 19,564,674.00
045424CD8 1000.000000000 1000.000000000
A-2 39,129,349.00 39,129,349.00
045424CE6 1000.000000000 1000.000000000
A-3 35,216,414.00 35,216,414.00
045424CF3 1000.000000000 1000.000000000
A-4 39,129,349.00 39,129,349.00
045424CG1 1000.000000000 1000.000000000
A-5 15,651,739.00 15,651,739.00
045424CH9 1000.000000000 1000.000000000
A-CS1 64,985,025.00N 64,403,260.07
045424CC0 1000.000000000 991.047707837
A-CS2 623,691,525.00N 623,691,525.00
045424CJ5 1000.000000000 1000.000000000
B-1 43,042,284.00 43,042,284.00
045424CK2 1000.000000000 1000.000000000
B-2 27,390,544.00 27,390,544.00
045424CL0 1000.000000000 1000.000000000
B-3 7,825,869.00 7,825,869.00
045424CM8 1000.000000000 1000.000000000
B-4 15,650,746.00 15,650,746.00
045424CN6 1000.000000000 1000.000000000
B-4H 1,000.80 1,000.80
045424CP1 1000.000000000 1000.000000000
R 0.00 0.00
045424CS5 1000.000000000 0.000000000
782,586,993.80 782,005,228.87
Notes: (1) N denotes notional balance not included in total
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1A 642,922.99 0.00 0.00
045424BZ0 9.893402211 0.000000000 0.000000000
A-1B 0.00 0.00 0.00
045424CA4 0.000000000 0.000000000 0.000000000
A-1C 0.00 0.00 0.00
045424CB2 0.000000000 0.000000000 0.000000000
A-1D 0.00 0.00 0.00
045424CD8 0.000000000 0.000000000 0.000000000
A-2 0.00 0.00 0.00
045424CE6 0.000000000 0.000000000 0.000000000
A-3 0.00 0.00 0.00
045424CF3 0.000000000 0.000000000 0.000000000
A-4 0.00 0.00 0.00
045424CG1 0.000000000 0.000000000 0.000000000
A-5 0.00 0.00 0.00
045424CH9 0.000000000 0.000000000 0.000000000
A-CS1 0.00 0.00 0.00
045424CC0 0.000000000 0.000000000 0.000000000
A-CS2 0.00 0.00 0.00
045424CJ5 0.000000000 0.000000000 0.000000000
B-1 0.00 0.00 0.00
045424CK2 0.000000000 0.000000000 0.000000000
B-2 0.00 0.00 0.00
045424CL0 0.000000000 0.000000000 0.000000000
B-3 0.00 0.00 0.00
045424CM8 0.000000000 0.000000000 0.000000000
B-4 0.00 0.00 0.00
045424CN6 0.000000000 0.000000000 0.000000000
B-4H 0.00 0.00 0.00
045424CP1 0.000000000 0.000000000 0.000000000
R 0.00 0.00 0.00
045424CS5 0.000000000 0.000000000 0.000000000
642,922.99 0.00 0.00
Closing Interest Interest Pass-Through
Class Balance Payment (4) Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
A-1A 63,760,337.08 376,222.38 0.00 7.01000000%
045424BZ0 981.154305627 5.789370397 0.000000000 7.01000000%
A-1B 154,000,000.00 925,283.33 0.00 7.21000000%
045424CA4 1000.000000000 6.008333312 0.000000000 7.21000000%
A-1C 321,000,000.001,979,500.00 0.00 7.40000000%
045424CB2 1000.000000000 6.166666667 0.000000000 7.40000000%
A-1D 19,564,674.00 121,790.10 0.00 7.47000000%
045424CD8 1000.000000000 6.225000222 0.000000000 7.47000000%
A-2 39,129,349.00 242,175.94 0.00 7.42693483%
045424CE6 1000.000000000 6.189112423 0.000000000 7.58881157%
A-3 35,216,414.00 220,863.70 0.00 7.52593483%
045424CF3 1000.000000000 6.271612436 0.000000000 7.68781157%
A-4 39,129,349.00 255,056.01 0.00 7.82193483%
045424CG1 1000.000000000 6.518278901 0.000000000 7.98381157%
A-5 15,651,739.00 106,496.19 0.00 8.16493483%
045424CH9 1000.000000000 6.804112310 0.000000000 8.32681157%
A-CS1 63,760,337.08 113,521.74 0.00 2.11520483%
045424CC0 981.154305627 1.746890764 0.000000000 2.27708157%
A-CS2 623,691,525.00 891,595.50 0.00 1.71545476%
045424CJ5 1000.000000000 1.429545640 0.000000000
B-1 43,042,284.00 327,308.05 0.00 9.12520483%
045424CK2 1000.000000000 7.604337400 0.000000000 9.28708157%
B-2 27,390,544.00 208,286.94 0.00 9.12520483%
045424CL0 1000.000000000 7.604337468 0.000000000 9.28708157%
B-3 7,825,869.00 59,510.55 0.00 9.12520483%
045424CM8 1000.000000000 7.604337614 0.000000000 9.28708157%
B-4 15,650,746.00 119,013.55 0.00 9.12520483%
045424CN6 1000.000000000 7.604337199 0.000000000 9.28708157%
B-4H 1,000.80 7.61 0.00 9.12520483%
045424CP1 1000.000000000 7.603916867 0.000000000 9.28708157%
R 0.00 0.00 0.00 0.00000000%
045424CS5 0.000000000 0.000000000 0.000000000 0.00000000%
781,362,305.88 5,946,631.59 0.00
Total P&I Payment 6,589,554.58
Notes: (2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated (4) Interest Payment reflects
19 days of interest
Asset Securitization Corporation
Amresco Management, Inc. as Servicer
Criimi Mae Services Limited Partnership as Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-D3
ABN AMRO Acct: 67-7632-92-9
Lower-Tier
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1A-L 64,985,025.00 64,403,260.07
None 1000.000000000 991.047707837
A-1B-L 154,000,000.00 154,000,000.00
None 1000.000000000 1000.000000000
A-1C-L 321,000,000.00 321,000,000.00
None 1000.000000000 1000.000000000
A-1D-L 19,564,674.00 19,564,674.00
None 1000.000000000 1000.000000000
A-2-L 39,129,349.00 39,129,349.00
None 1000.000000000 1000.000000000
A-3-L 35,216,414.00 35,216,414.00
None 1000.000000000 1000.000000000
A-4-L 39,129,349.00 39,129,349.00
None 1000.000000000 1000.000000000
A-5-L 15,651,739.00 15,651,739.00
None 1000.000000000 1000.000000000
B-1-L 43,042,284.00 43,042,284.00
None 1000.000000000 1000.000000000
B-2-L 27,390,544.00 27,390,544.00
None 1000.000000000 1000.000000000
B-3-L 7,825,869.00 7,825,869.00
None 1000.000000000 1000.000000000
B-4-L 15,650,746.00 15,650,746.00
None 1000.000000000 1000.000000000
B-4H-L 1,000.80 1,000.80
None 1000.000000000 1000.000000000
LR 0.00 0.00
045424CT3 1000.000000000 0.000000000
782,586,993.80 782,005,228.87
Notes: (1) N denotes notional balance not included in total
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1A-L 642,922.99 0.00 0.00
None 9.893402211 0.000000000 0.000000000
A-1B-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-1C-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-1D-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-2-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-3-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-4-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-5-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
B-1-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
B-2-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
B-3-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
B-4-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
B-4H-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
LR 0.00 0.00 0.00
045424CT3 0.000000000 0.000000000 0.000000000
642,922.99 0.00 0.00
Closing Interest Interest Pass-Through
Class Balance Payment (4) Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
A-1A-L 63,760,337.08 489,744.12 0.00 0.0701
None 981.154305627 7.536261162 0.000000000 0.0701
A-1B-L 154,000,000.00 1,171,067.95 0.00 0.0721
None 1000.000000000 7.604337338 0.000000000 0.0721
A-1C-L 321,000,000.00 2,440,992.29 0.00 0.074
None 1000.000000000 7.604337352 0.000000000 0.074
A-1D-L 19,564,674.00 148,776.39 0.00 0.0747
None 1000.000000000 7.604337798 0.000000000 0.0747
A-2-L 39,129,349.00 297,552.77 0.00 0.074269348
None 1000.000000000 7.604337348 0.000000000 0.075888116
A-3-L 35,216,414.00 267,797.50 0.00 0.075259348
None 1000.000000000 7.604337568 0.000000000 0.076878116
A-4-L 39,129,349.00 297,552.77 0.00 0.078219348
None 1000.000000000 7.604337348 0.000000000 0.079838116
A-5-L 15,651,739.00 119,021.10 0.00 0.081649348
None 1000.000000000 7.604337128 0.000000000 0.083268116
B-1-L 43,042,284.00 327,308.05 0.00 0.091252048
None 1000.000000000 7.604337400 0.000000000 0.092870816
B-2-L 27,390,544.00 208,286.94 0.00 0.091252048
None 1000.000000000 7.604337468 0.000000000 0.092870816
B-3-L 7,825,869.00 59,510.55 0.00 0.091252048
None 1000.000000000 7.604337614 0.000000000 0.092870816
B-4-L 15,650,746.00 119,013.55 0.00 0.091252048
None 1000.000000000 7.604337199 0.000000000 0.092870816
B-4H-L 1,000.80 7.61 0.00 0.091252048
None 1000.000000000 7.603916867 0.000000000 0.092870816
LR 0.00 0.00 0.00
045424CT3 0.000000000 0.000000000 0.000000000
781,362,305.88 5,946,631.59 0.00
Total P&I Payment 6,589,554.58
Notes: (2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
Asset Securitization Corporation
Amresco Management, Inc. as Servicer
Criimi Mae Services Limited Partnership as Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-D3
ABN AMRO Acct: 67-7632-92-9
Grantor Trust
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
V-1 0.00 0.00
045424CQ9 1000.000000000 0.000000000
V-2 0.00 0.00
045424CR7 1000.000000000 0.000000000
0.00 0.00
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
V-1 0.00 0.00 0.00
045424CQ9 0.000000000 0.000000000 0.000000000
V-2 0.00 0.00 0.00
045424CR7 0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
Closing Interest Interest Pass-Through
Class Balance Payment (4) Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
V-1 0.00 0.00 0.00
045424CQ9 0.000000000 0.000000000 0.000000000
V-2 0.00 0.00 0.00
045424CR7 0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
Total P&I Payment 0.00
Notes: (2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated (4) Interest Payment reflects
19 days of interest
Asset Securitization Corporation
Amresco Management, Inc. as Servicer
Criimi Mae Services Limited Partnership as Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-D3
ABN AMRO Acct: 67-7632-92-9
Other Related Information
Amount of Available Funds allocabel to principal:
Principal Distribution Amoun 642,922.99
P&I Advances made by: Beginning Current
Unreimbursed Period
Servicer 113,440.47 113,889.62
Trustee 0.00 0.00
Fiscal Agent 0.00 0.00
0.00 0.00
Total P&I Advances 113,440.47 113,889.62
P&I Advances made by: Ending
Reimbursed Unreimbursed
Servicer 113,440.47 113,889.62
Trustee 0.00 0.00
Fiscal Agent 0.00 0.00
0.00 0.00
Total P&I Advances 113,440.47 113,889.62
Specially Serviced Mortgage Loans:
Amount of Property Advances made during Collection Period 0.00
Amount of P&I Advances made during Collection Period 0.00
Aggregate Amount of Property Advances remaining Unreimbursed 0.00
Aggregate Amount of P&I Advances remaining Unreimbursed 0.00
Repurchases as per sections 2.03(d), 2.03(e), 3.18 or 9 0.00
Outstanding Principal Balanc 0.00
Repurchase Price 0.00
Current Amount of Prepayment Interest Shortfalls 0.00
Summary of REO Property:
Appraised value of real estate acquired through foreclosure or grant
of a deed in lieu of foreclosure 0.00
Date
Property of Principal Book
Name REO Balance Value
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
Totals 0.00 0.00
Date Aggregate
of Amount Other
Property Final of Revenues
Name Recovery Proceeds Collected
0 0 0 0
0 0 0 0
0 0 0 0
0 0.00 0 0
Totals 0.00 0.00
Summary of Expenses:
Current Period Servicing Fees 34,010.39
Current Period Trustee Fees 3,258.36
Current Period Special Servicing Fees 0.00
Additonal Servicing Fees, per Section 3. 26,066.84
Total 63,335.59
Prepayment Premiums received during the Collection Period 0.00
Default Interest received during the Collection Period 0.00
Net Default Interest received during the Collection Per 0.00
Excess Interest received during the Collection Period 0.00
Current Realized Losses on Mortgage Loans 0.00
Cumulative Realized Losses on Mortgage Loans 0.00
Prior Remaining
Interest Interest
Class Shortfall Shortfall
A-1A 0.00 0.00
A-1B 0.00 0.00
A-1C 0.00 0.00
A-1D 0.00 0.00
A-2 0.00 0.00
A-3 0.00 0.00
A-4 0.00 0.00
A-5 0.00 0.00
A-CS1 0.00 0.00
A-CS2 0.00 0.00
B-1 0.00 0.00
B-2 0.00 0.00
B-3 0.00 0.00
B-4 0.00 0.00
B-4H 0.00 0.00
Asset Securitization Corporation
Amresco Management, Inc. as Servicer
Criimi Mae Services Limited Partnership as Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-D3
ABN AMRO Acct: 67-7632-92-9
DistributionDelinq 1 Month Delinq 2 Months
Date # Balance # Balance
12/13/96 1 11,950,202 0 0
0.88% 1.528% 0.00% 0.000%
11/14/96 1 11,958,686 0 0
0.88% 1.528% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
Note: Foreclosure and REO Totals are Included in the Appropriate
Delinquency Aging Category
Distribution Delinq 3+ Months Foreclosure/Bankruptcy
Date # Balance # Balance
12/13/96 0 0 0 0
0.00% 0.000% 0.00% 0.000%
11/14/96 0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
Distribution REO Modifications
Date # Balance # Balance
12/13/96 0 0 0 0
0.00% 0.000% 0.00% 0.000%
11/14/96 0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
Distribution Prepayments Curr Weighted Avg.
Date # Balance Coupon Remit
12/13/96 0 0 9.2196% 9.1216%
0.00% 0.000% 0.0000% 0.0000%
11/14/96 0 0 9.2197% 9.1217%
0.00% 0.000% 0.0000% 0.0000%
0 0 0.0000% 0.0000%
0.00% 0.000% 0.0000% 0.0000%
0 0 0.0000% 0.0000%
0.00% 0.000% 0.0000% 0.0000%
0 0 0.0000% 0.0000%
0.00% 0.000% 0.0000% 0.0000%
0 0 0.0000% 0.0000%
0.00% 0.000% 0.0000% 0.0000%
0 0 0.0000% 0.0000%
0.00% 0.000% 0.0000% 0.0000%
0 0 0.0000% 0.0000%
0.00% 0.000% 0.0000% 0.0000%
0 0 0.0000% 0.0000%
0.00% 0.000% 0.0000% 0.0000%
0 0 0.0000% 0.0000%
0.00% 0.000% 0.0000% 0.0000%
0 0 0.0000% 0.0000%
0.00% 0.000% 0.0000% 0.0000%
0 0 0.0000% 0.0000%
0.00% 0.000% 0.0000% 0.0000%
0 0 0.0000% 0.0000%
0.00% 0.000% 0.0000% 0.0000%
0 0 0.0000% 0.0000%
0.00% 0.000% 0.0000% 0.0000%
0 0 0.0000% 0.0000%
0.00% 0.000% 0.0000% 0.0000%
0 0 0.0000% 0.0000%
0.00% 0.000% 0.0000% 0.0000%
Asset Securitization Corporation
Amresco Management, Inc. as Servicer
Criimi Mae Services Limited Partnership as Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-D3
ABN AMRO Acct: 67-7632-92-9
Delinquent Loan Detail
Disclosure Paid Current Outstanding
Doc Thru P&I P&I
Control # Date Advance Advances**
18 35349 113,889.62 227,778.86
Total 113,889.62 227,778.86
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but less than one month delinq
1. P&I Advance - Loan delinquent 1 month
2. P&I Advance - Loan delinquent 2 months
3. P&I Advance - Loan delinquent 3 months or More
4. Matured Balloon/Assumed Scheduled Payment
** Outstanding P&I Advances include the current period P&I Advance
Outstanding Special
Disclosure Property Servicer
Doc Protection Advance Transfer
Control # Advances Description Date
18 0.00 1
Total 0.00
Disclosure
Doc Foreclosure Bankruptcy REO
Control # Date Date Date
18
Total
Asset Securitization Corporation
Amresco Management, Inc. as Servicer
Criimi Mae Services Limited Partnership as Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-D3
ABN AMRO Acct: 67-7632-92-9
Pool Total
Distribution of Principal Balances
Current Scheduled Number
Balances of Loans
$0to $999,999 6
$1,000,000to $1,249,999 3
$1,250,000to $1,499,999 5
$1,500,000to $1,999,999 18
$2,000,000to $2,499,999 11
$2,500,000to $2,999,999 11
$3,000,000to $3,499,999 4
$3,500,000to $3,999,999 9
$4,000,000to $4,499,999 7
$4,500,000to $4,999,999 5
$5,000,000to $5,499,999 5
$5,500,000to $5,999,999 5
$6,000,000to $6,999,999 2
$7,000,000to $9,999,999 5
$10,000,000to $14,999,999 3
$15,000,000to $19,999,999 8
$20,000,000to $24,999,999 3
$25,000,000to $49,999,999 1
$50,000,000to $64,999,999 1
$65,000,000& Above 2
Total 114
Average Scheduled Balance is 6,854,055
Maximum Scheduled Balance is 70,835,067
Minimum Scheduled Balance is 548,564
Current Scheduled Scheduled
Balances Balance
$0to $999,999 4,920,169
$1,000,000to $1,249,999 3,223,525
$1,250,000to $1,499,999 6,818,705
$1,500,000to $1,999,999 31,470,212
$2,000,000to $2,499,999 24,712,301
$2,500,000to $2,999,999 29,528,138
$3,000,000to $3,499,999 12,859,115
$3,500,000to $3,999,999 33,693,625
$4,000,000to $4,499,999 29,447,255
$4,500,000to $4,999,999 24,091,111
$5,000,000to $5,499,999 26,230,823
$5,500,000to $5,999,999 28,616,630
$6,000,000to $6,999,999 13,022,591
$7,000,000to $9,999,999 39,500,831
$10,000,000to $14,999,999 40,337,897
$15,000,000to $19,999,999 138,593,439
$20,000,000to $24,999,999 72,306,489
$25,000,000to $49,999,999 28,213,569
$50,000,000to $64,999,999 54,549,222
$65,000,000& Above 139,226,659
Total 781,362,306
Current Scheduled Based on
Balances Balance
$0to $999,999 0.63%
$1,000,000to $1,249,999 0.41%
$1,250,000to $1,499,999 0.87%
$1,500,000to $1,999,999 4.03%
$2,000,000to $2,499,999 3.16%
$2,500,000to $2,999,999 3.78%
$3,000,000to $3,499,999 1.65%
$3,500,000to $3,999,999 4.31%
$4,000,000to $4,499,999 3.77%
$4,500,000to $4,999,999 3.08%
$5,000,000to $5,499,999 3.36%
$5,500,000to $5,999,999 3.66%
$6,000,000to $6,999,999 1.67%
$7,000,000to $9,999,999 5.06%
$10,000,000to $14,999,999 5.16%
$15,000,000to $19,999,999 17.74%
$20,000,000to $24,999,999 9.25%
$25,000,000to $49,999,999 3.61%
$50,000,000to $64,999,999 6.98%
$65,000,000& Above 17.82%
Total 100.00%
Distribution of Property Types
Number
Property Types of Loans
MF- Housing 22
Hospitality 36
Office 7
Retail-Anchored 12
Retail Facility 8
Mobile Home Park 23
Office/Industrial 2
Nursing Home 4
Total 114
Scheduled
Property Types Balance
MF- Housing 225,906,969
Hospitality 209,717,536
Office 100,397,528
Retail-Anchored 75,799,746
Retail Facility 70,978,746
Mobile Home Park 50,203,617
Office/Industrial 27,261,143
Nursing Home 21,097,022
Total 781,362,306
Based on
Property Types Balance
MF- Housing 28.91%
Hospitality 26.84%
Office 12.85%
Retail-Anchored 9.70%
Retail Facility 9.08%
Mobile Home Park 6.43%
Office/Industrial 3.49%
Nursing Home 2.70%
Total 100.00%
Distribution of Mortgage Interest Rates
Current Mortgage Number
Interest Rate of Loans
7.500%or less 0
7.500%to 7.625% 0
7.625%to 7.750% 0
7.750%to 7.875% 0
7.875%to 8.000% 1
8.000%to 8.125% 0
8.125%to 8.250% 2
8.250%to 8.375% 1
8.375%to 8.500% 2
8.500%to 8.625% 8
8.625%to 8.750% 4
8.750%to 9.000% 11
9.000%to 9.125% 7
9.125%to 9.500% 29
9.500%& Above 49
Total 114
W/Avg Mortgage Interest Rate is 9.2196%
Minimum Mortgage Interest Rate is 7.8820%
Maximum Mortgage Interest Rate is 10.7800%
Current Mortgage Scheduled
Interest Rate Balance
7.500%or less 0
7.500%to 7.625% 0
7.625%to 7.750% 0
7.750%to 7.875% 0
7.875%to 8.000% 16,023,822
8.000%to 8.125% 0
8.125%to 8.250% 16,821,134
8.250%to 8.375% 1,857,712
8.375%to 8.500% 6,269,338
8.500%to 8.625% 128,985,791
8.625%to 8.750% 65,970,894
8.750%to 9.000% 71,846,211
9.000%to 9.125% 17,406,211
9.125%to 9.500% 247,843,711
9.500%& Above 208,337,481
Total 781,362,306
Current Mortgage Based on
Interest Rate Balance
7.500%or less 0.00%
7.500%to 7.625% 0.00%
7.625%to 7.750% 0.00%
7.750%to 7.875% 0.00%
7.875%to 8.000% 2.05%
8.000%to 8.125% 0.00%
8.125%to 8.250% 2.15%
8.250%to 8.375% 0.24%
8.375%to 8.500% 0.80%
8.500%to 8.625% 16.51%
8.625%to 8.750% 8.44%
8.750%to 9.000% 9.19%
9.000%to 9.125% 2.23%
9.125%to 9.500% 31.72%
9.500%& Above 26.66%
Total 100.00%
Geographic Distribution
Number
Geographic Location of Loans
California 18
Texas 13
Nevada 2
Georgia 5
Arizona 12
Various 2
Florida 7
Pennsylvania 2
Michigan 5
New York 2
Maryland 6
New Jersey 5
Missouri 3
North Carolina 4
Tennessee 3
Louisiana 2
Ohio 3
Washington 2
Virginia 3
Indiana 2
Kentucky 2
Colorado 3
Oklahoma 2
Illinois 2
Kansas 1
Utah 1
Rhode Island 1
Oregon 1
Total 114
Scheduled
Geographic Location Balance
California 207,192,080
Texas 127,668,817
Nevada 73,595,432
Georgia 45,684,285
Arizona 42,532,631
Various 32,965,516
Florida 30,377,054
Pennsylvania 29,915,416
Michigan 24,756,502
New York 22,515,814
Maryland 21,213,896
New Jersey 16,936,717
Missouri 16,221,506
North Carolina 14,853,638
Tennessee 12,884,527
Louisiana 8,642,233
Ohio 7,837,761
Washington 6,973,274
Virginia 5,654,525
Indiana 5,510,577
Kentucky 5,458,862
Colorado 4,646,422
Oklahoma 4,334,553
Illinois 3,980,044
Kansas 2,737,976
Utah 2,283,869
Rhode Island 2,068,349
Oregon 1,920,032
Total 781,362,306
Based on
Geographic Location Balance
California 26.52%
Texas 16.34%
Nevada 9.42%
Georgia 5.85%
Arizona 5.44%
Various 4.22%
Florida 3.89%
Pennsylvania 3.83%
Michigan 3.17%
New York 2.88%
Maryland 2.71%
New Jersey 2.17%
Missouri 2.08%
North Carolina 1.90%
Tennessee 1.65%
Louisiana 1.11%
Ohio 1.00%
Washington 0.89%
Virginia 0.72%
Indiana 0.71%
Kentucky 0.70%
Colorado 0.59%
Oklahoma 0.55%
Illinois 0.51%
Kansas 0.35%
Utah 0.29%
Rhode Island 0.26%
Oregon 0.25%
Total 100.00%
Loan Seasoning
Number
Number of Years of Loans
1 year or less 87
1+ to 2 years 0
2+ to 3 years 0
3+ to 4 years 1
4+ to 5 years 0
5+ to 6 years 2
6+ to 7 years 0
7+ to 8 years 0
8+ to 9 years 0
9+ to 10 years 0
10 years or more 24
Total 114
Weighted Average Seasoning i 1.8
Scheduled
Number of Years Balance
1 year or less 658,140,709
1+ to 2 years 0
2+ to 3 years 0
3+ to 4 years 54,549,222
4+ to 5 years 0
5+ to 6 years 4,487,558
6+ to 7 years 0
7+ to 8 years 0
8+ to 9 years 0
9+ to 10 years 0
10 years or more 64,184,817
Total 781,362,306
Based on
Number of Years Balance
1 year or less 84.23%
1+ to 2 years 0.00%
2+ to 3 years 0.00%
3+ to 4 years 6.98%
4+ to 5 years 0.00%
5+ to 6 years 0.57%
6+ to 7 years 0.00%
7+ to 8 years 0.00%
8+ to 9 years 0.00%
9+ to 10 years 0.00%
10 years or more 8.21%
Total 100.00%
Distribution of Amortization Type
Number
Amortization Type of Loans
Fully Amortizing 7
Amortizing Balloon 107
Total 114
Scheduled
Amortization Type Balance
Fully Amortizing 19,962,855
Amortizing Balloon 761,399,451
Total 781,362,306
Based on
Amortization Type Balance
Fully Amortizing 2.55%
Amortizing Balloon 97.45%
Total 100.00%
Distribution of Remaining Term
Fully Amortizing
Fully Amortizing Number Scheduled
Mortgage Loans of Loans Balance
60 months or less 0 0
61 to 120 months 0 0
121 to 180 months 0 0
181 to 240 months 5 16,710,184
241 to 360 months 2 3,252,672
Total 7 19,962,855
Weighted Average Months to Maturity is 243
Fully Amortizing Based on
Mortgage Loans Balance
60 months or less 0.00%
61 to 120 months 0.00%
121 to 180 months 0.00%
181 to 240 months 2.14%
241 to 360 months 0.42%
Total 2.55%
Distribution of Remaining Term
Balloon Loans
Balloon Number Scheduled
Mortgage Loans of Loans Balance
12 months or less 0 0
13 to 24 months 0 0
25 to 36 months 0 0
37 to 48 months 0 0
49 to 60 months 0 0
61 to 120 months 19 37,361,112
121 to 180 months 5 26,823,705
181 to 240 months 83 697,214,633
Total 107 761,399,451
Weighted Average Months to Maturity is 290
Balloon Based on
Mortgage Loans Balance
12 months or less 0.00%
13 to 24 months 0.00%
25 to 36 months 0.00%
37 to 48 months 0.00%
49 to 60 months 0.00%
61 to 120 months 4.78%
121 to 180 months 3.43%
181 to 240 months 89.23%
Total 97.45%
Distribution of DSCR
Debt Service Number
Coverage Ratio (1) of Loans
1.000or less 0
1.001to 1.125 0
1.126to 1.250 0
1.251to 1.375 42
1.376to 1.500 38
1.501to 1.625 15
1.626to 1.750 8
1.751to 1.875 4
1.876to 2.000 4
2.001to 2.125 2
2.126to 2.250 1
2.251to 2.375 0
2.376to 2.500 0
2.501to 2.625 0
2.626& above 0
Unknown 0
Total 114
Weighted Average Debt Service Coverage R 1.443
Debt Service Scheduled
Coverage Ratio (1) Balance
1.000or less 0
1.001to 1.125 0
1.126to 1.250 0
1.251to 1.375 308,969,058
1.376to 1.500 288,572,962
1.501to 1.625 108,457,340
1.626to 1.750 26,528,268
1.751to 1.875 27,443,685
1.876to 2.000 8,286,943
2.001to 2.125 9,322,544
2.126to 2.250 3,781,505
2.251to 2.375 0
2.376to 2.500 0
2.501to 2.625 0
2.626& above 0
Unknown 0
Total 781,362,306
Debt Service Based on
Coverage Ratio (1) Balance
1.000or less 0.00%
1.001to 1.125 0.00%
1.126to 1.250 0.00%
1.251to 1.375 39.54%
1.376to 1.500 36.93%
1.501to 1.625 13.88%
1.626to 1.750 3.40%
1.751to 1.875 3.51%
1.876to 2.000 1.06%
2.001to 2.125 1.19%
2.126to 2.250 0.48%
2.251to 2.375 0.00%
2.376to 2.500 0.00%
2.501to 2.625 0.00%
2.626& above 0.00%
Unknown 0.00%
Total 100.00%
(1) Debt Service Coverage Ratios are calculated as described in the
prospectus, values are updated periodically as new NOI figures became
available from borrowers on an asset level.
Neither the Trustee, Servicer, Special Servicer or Underwriter
makes any representation as to the accuracy of the data provided by the
borrower for this calculation.
NOI Aging
Number Scheduled
NOI Date of Loans Balance
1 year or less 108 771,367,798
1 to 2 years 6 9,994,508
2 Years or More 0 0
Unknown 0 0
Total 114 781,362,306
Based on
NOI Date Balance
1 year or less 98.72%
1 to 2 years 1.28%
2 Years or More 0.00%
Unknown 0.00%
Total 100.00%
Asset Securitization Corporation
Amresco Management, Inc. as Servicer
Criimi Mae Services Limited Partnership as Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-D3
ABN AMRO Acct: 67-7632-92-9
Loan Level Detail
Property
Disclosure Type Maturity
Control # Code Date DSCR
1 Hospitality 09/11/21 1.580
2 MF- Housing 10/11/26 1.450
3 MF- Housing 03/11/13 1.300
4 Retail Facility 04/11/24 1.380
5 Office 10/11/26 1.440
6 Office/Industria 08/11/21 1.340
7 Office 01/11/19 1.340
8 Retail-Anchored 09/11/26 1.340
9 Office 10/11/26 1.260
10 Hospitality 06/11/21 1.460
11 Retail Facility 10/11/21 1.300
12 Office 06/11/21 1.330
13 Retail-Anchored 06/11/26 1.400
14 MF- Housing 04/11/26 1.860
15 Hospitality 10/11/21 1.400
16 MF- Housing 03/11/26 1.350
17 MF- Housing 04/11/26 1.490
18 Nursing Home 06/11/11 1.650
19 Hospitality 05/11/21 1.400
20 Mobile Home Park 05/11/11 1.340
21 Hospitality 08/11/16 1.520
22 MF- Housing 09/11/26 1.300
23 Retail Facility 10/11/21 1.380
24 Retail Facility 10/11/21 1.360
25 Retail Facility 09/11/26 1.270
26 Office 09/11/21 1.450
27 MF- Housing 10/11/26 1.320
28 Office 03/11/26 1.760
29 Retail-Anchored 04/11/26 1.460
30 Hospitality 04/11/16 1.580
31 MF- Housing 07/11/26 1.300
32 Retail-Anchored 07/11/21 1.410
33 Retail-Anchored 06/11/26 1.460
34 Hospitality 07/11/21 1.410
35 Retail-Anchored 06/11/26 1.300
36 MF- Housing 09/11/26 1.320
37 Hospitality 04/11/16 2.010
38 Retail-Anchored 07/11/26 1.360
39 MF- Housing 09/11/26 1.360
40 Hospitality 07/11/16 1.550
41 Hospitality 06/11/21 1.350
42 Hospitality 09/11/16 2.030
43 Retail-Anchored 08/11/21 1.320
44 MF- Housing 04/11/21 1.390
45 Mobile Home Park 08/11/06 1.440
46 Office 05/11/21 1.430
47 MF- Housing 04/11/03 1.410
48 Hospitality 07/11/16 1.450
49 Hospitality 03/11/16 1.670
50 Nursing Home 06/11/21 1.340
51 MF- Housing 09/11/16 2.250
52 Hospitality 05/11/21 1.400
53 Hospitality 05/11/16 1.920
54 Hospitality 07/11/16 1.420
55 Hospitality 07/11/16 1.330
56 Mobile Home Park 06/11/16 1.310
57 Hospitality 09/11/21 1.550
58 Mobile Home Park 06/11/11 1.270
59 Hospitality 04/11/21 1.470
60 MF- Housing 04/11/16 1.810
61 Office/Industria 06/11/21 1.370
62 Nursing Home 06/11/16 1.520
63 Retail-Anchored 06/11/26 1.340
64 Mobile Home Park 05/11/06 1.260
65 Hospitality 09/11/16 1.420
66 Mobile Home Park 08/11/06 1.360
67 Hospitality 08/11/21 1.740
68 MF- Housing 09/11/26 1.380
69 Retail Facility 08/11/21 1.310
70 Nursing Home 07/11/06 1.790
71 Retail-Anchored 06/11/21 1.280
72 Mobile Home Park 09/11/26 1.400
73 MF- Housing 09/11/16 1.980
74 Hospitality 03/11/16 1.510
75 Hospitality 08/11/21 1.410
76 Hospitality 03/11/21 1.450
77 Hospitality 09/11/21 1.560
78 Retail-Anchored 08/11/21 1.410
79 Hospitality 09/11/16 1.520
80 Hospitality 07/11/16 1.420
81 Retail Facility 08/11/21 1.260
82 Mobile Home Park 06/11/11 1.290
83 Mobile Home Park 07/11/06 1.350
84 Hospitality 08/11/16 1.660
85 Mobile Home Park 04/11/03 1.500
86 MF- Housing 03/11/06 1.510
87 MF- Housing 04/11/03 1.280
88 Hospitality 09/11/16 1.700
89 Hospitality 08/11/16 1.490
90 Mobile Home Park 08/11/06 1.640
91 Mobile Home Park 06/11/11 1.310
92 Mobile Home Park 04/11/21 1.640
93 Hospitality 08/11/16 1.400
94 Mobile Home Park 09/11/06 1.400
95 Mobile Home Park 04/11/06 1.550
96 MF- Housing 04/11/03 1.320
97 Hospitality 03/11/16 1.380
98 MF- Housing 09/11/06 1.470
99 Mobile Home Park 05/11/21 2.000
100 Hospitality 09/11/16 1.560
101 MF- Housing 09/11/26 1.290
102 Mobile Home Park 08/11/21 1.360
103 Mobile Home Park 04/11/06 1.380
104 MF- Housing 09/11/26 1.300
105 Retail-Anchored 06/11/16 1.300
106 Retail Facility 09/11/21 1.370
107 Mobile Home Park 07/11/06 1.540
108 Mobile Home Park 08/11/06 1.360
109 Mobile Home Park 04/11/16 1.610
110 Mobile Home Park 09/11/06 1.730
111 Mobile Home Park 08/11/06 1.400
112 Hospitality 04/11/16 1.410
113 Hospitality 04/11/18 1.890
* NOI and DSCR, if available and reportable under the terms of the
trust agreement, are based on information obtained from the related
borrower, and no other party to the agreement shall be held liable for
the accuracy or methodology used to determine such figures.
(1) Legend A. P&I Adv - in Grace Period
B. P&I Adv - less than one month delinq
1. P&I Adv - delinquent 1 month
2. P&I Adv - delinquent 2 months
3. P&I Adv - delinquent 3+ months
4. Mat. Balloon/Assumed P&I
5. Prepaid in Full
6. Specially Serviced
7. Foreclosure
8. Bankruptcy
9. REO
10. DPO
11. Modification
Operating Beginning
Disclosure Statement Principal
Control # NOI Date Balance
1 12,032,549 07/31/96 70,896,504
2 2,306,494 06/30/96 68,433,349
3 7,725,043 07/31/96 54,636,120
4 3,909,926 07/31/96 28,235,180
5 4,000,205 06/30/96 24,992,094
6 3,672,313 06/30/96 24,351,055
7 3,967,008 07/31/96 23,022,681
8 2,844,998 07/31/96 19,784,232
9 3,109,122 06/30/96 19,494,901
10 3,644,077 06/30/96 16,954,057
11 2,699,829 06/30/96 16,705,700
12 2,670,071 06/30/96 16,517,642
13 2,349,484 06/30/96 16,352,283
14 2,862,165 06/30/96 16,035,311
15 2,998,083 05/31/96 16,809,236
16 2,264,468 05/31/96 14,920,341
17 2,082,236 06/30/96 13,485,936
18 2,339,266 06/30/96 11,958,686
19 1,517,989 06/30/96 8,661,328
20 1,178,931 06/30/96 7,834,462
21 1,479,940 06/30/96 7,270,844
22 897,997 07/31/96 7,104,717
23 167,166 06/30/96 5,130,675
24 415,219 06/30/96 8,665,801
25 735,534 07/31/96 6,543,572
26 719,298 06/30/96 6,488,225
27 713,904 07/31/96 5,871,521
28 1,766,491 06/30/96 5,851,075
29 905,638 06/30/96 5,742,908
30 486,187 06/30/96 1,515,520
31 704,422 05/31/96 5,588,179
32 898,288 05/31/96 5,580,582
33 881,358 06/30/96 5,385,696
34 1,016,205 05/31/96 5,282,896
35 842,424 07/31/96 5,241,248
36 749,800 06/30/96 5,206,748
37 1,631,963 05/31/96 4,948,696
38 845,594 05/31/96 4,865,868
39 594,541 07/31/96 4,844,247
40 1,188,195 05/30/96 4,771,054
41 835,851 06/30/96 4,683,540
42 1,370,373 07/31/96 4,387,654
43 601,672 06/30/96 4,359,572
44 623,191 06/30/96 4,270,508
45 583,968 06/30/96 4,226,240
46 756,491 06/30/96 4,105,661
47 570,545 06/30/96 4,087,942
48 853,239 05/31/96 4,039,885
49 843,768 06/30/96 3,853,683
50 574,259 06/30/96 3,810,418
51 1,086,634 06/30/96 3,787,713
52 728,948 04/30/96 3,783,878
53 989,702 06/30/96 3,716,100
54 1,009,613 06/27/96 3,705,959
55 717,985 05/31/96 3,616,371
56 460,173 05/31/96 3,509,840
57 739,869 06/30/96 3,444,970
58 441,975 05/31/96 3,258,044
59 603,424 06/30/96 3,132,960
60 698,028 06/30/96 3,036,053
61 502,949 06/30/96 2,933,396
62 551,813 06/30/96 2,802,765
63 443,944 04/30/96 2,743,411
64 336,185 05/31/96 2,740,464
65 538,863 06/30/96 2,695,952
66 373,773 06/30/96 2,695,688
67 801,208 06/30/96 2,636,497
68 339,592 07/31/96 2,629,966
69 414,640 07/31/96 2,593,889
70 544,571 05/31/96 2,542,488
71 376,192 12/31/95 2,538,645
72 339,099 06/30/96 2,497,022
73 580,147 06/30/96 2,491,917
74 574,187 03/31/96 2,472,186
75 491,651 06/30/96 2,305,172
76 434,606 12/31/95 2,285,721
77 582,923 06/30/96 2,271,689
78 304,708 07/31/96 2,159,971
79 521,974 06/30/96 2,094,249
80 424,333 06/30/96 2,069,188
81 353,536 07/31/96 2,070,032
82 283,567 05/31/96 2,020,346
83 248,781 06/30/96 1,963,828
84 487,508 06/30/96 1,922,556
85 287,781 06/30/96 1,913,099
86 306,819 12/31/95 1,859,686
87 249,141 06/30/96 1,858,654
88 426,746 05/31/96 1,814,025
89 375,919 06/30/96 1,802,488
90 313,495 05/31/96 1,795,505
91 248,255 05/31/96 1,773,714
92 302,077 06/30/96 1,714,038
93 336,645 06/30/96 1,704,841
94 233,155 06/30/96 1,698,197
95 291,565 06/30/96 1,689,321
96 240,673 06/30/96 1,665,934
97 341,906 06/30/96 1,654,538
98 275,379 08/22/96 1,615,893
99 430,558 06/30/96 1,541,672
100 377,393 03/31/96 1,496,248
101 194,034 07/31/96 1,398,433
102 212,676 06/24/96 1,351,879
103 181,332 12/31/95 1,291,352
104 181,953 07/31/96 1,286,549
105 131,617 06/25/96 1,092,031
106 166,463 07/31/96 1,088,287
107 179,334 12/31/95 1,046,577
108 129,127 05/31/96 994,419
109 165,363 12/31/95 981,742
110 141,397 06/30/96 858,538
111 132,514 05/31/96 847,820
112 133,199 06/30/96 693,038
113 156,832 06/30/96 549,193
121,810,004 782,005,229
Ending
Disclosure Principal Note Scheduled
Control # Balance Rate P&I
1 70,835,067 9.260% 608,521
2 68,391,591 8.525% 527,920
3 54,549,222 8.710% 483,466
4 28,213,569 8.520% 222,081
5 24,977,976 8.860% 198,642
6 24,330,249 9.380% 211,150
7 22,998,264 9.750% 211,477
8 19,773,738 9.200% 162,173
9 19,484,753 9.250% 160,422
10 16,941,694 10.400% 159,298
11 16,692,889 9.500% 145,064
12 16,504,696 9.380% 142,059
13 16,343,047 8.980% 131,606
14 16,023,822 7.882% 116,814
15 16,828,799 9.970% 120,094
16 14,910,076 8.170% 111,847
17 13,477,619 8.617% 105,158
18 11,950,202 10.630% 114,418
19 8,654,766 10.210% 80,256
20 7,827,520 9.357% 68,031
21 7,260,964 9.980% 70,350
22 7,100,531 8.710% 55,755
23 5,127,331 9.140% 43,577
24 8,657,051 9.140% 73,600
25 6,540,319 9.530% 55,219
26 6,482,272 8.930% 54,237
27 5,868,016 8.610% 45,632
28 5,848,232 9.885% 51,041
29 5,739,581 8.920% 46,015
30 1,512,713 9.990% 15,424
31 5,585,166 9.220% 45,948
32 5,575,634 9.240% 47,919
33 5,382,769 9.220% 44,307
34 5,278,534 9.670% 46,934
35 5,238,349 9.080% 42,558
36 5,203,840 8.970% 41,828
37 4,941,137 9.350% 46,118
38 4,863,539 9.790% 42,027
39 4,841,339 8.620% 37,706
40 4,764,936 10.510% 47,905
41 4,680,161 10.530% 44,477
42 4,381,407 9.540% 41,129
43 4,356,039 9.730% 38,882
44 4,266,462 8.990% 36,039
45 4,223,952 9.160% 34,548
46 4,101,335 10.170% 39,121
47 4,083,818 8.600% 33,421
48 4,034,243 9.840% 38,770
49 3,847,691 9.280% 35,795
50 3,807,428 10.030% 34,839
51 3,781,505 8.420% 32,785
52 3,781,108 10.500% 35,879
53 3,710,299 9.100% 33,981
54 3,701,096 10.330% 36,765
55 3,611,613 10.310% 35,828
56 3,506,737 9.310% 30,334
57 3,442,423 10.220% 31,887
58 3,255,187 9.360% 28,270
59 3,130,444 10.000% 28,624
60 3,031,061 8.750% 27,130
61 2,930,894 9.580% 25,921
62 2,798,823 9.860% 26,972
63 2,742,061 9.700% 23,526
64 2,737,976 9.200% 23,498
65 2,692,384 10.110% 26,282
66 2,694,229 9.160% 22,036
67 2,634,630 10.530% 25,002
68 2,628,432 8.760% 20,733
69 2,591,818 9.820% 23,297
70 2,540,570 10.210% 23,550
71 2,536,322 9.100% 21,574
72 2,495,517 8.600% 19,400
73 2,487,833 8.420% 21,569
74 2,468,581 9.800% 23,795
75 2,303,534 10.510% 21,827
76 2,283,869 10.000% 20,900
77 2,270,012 10.230% 21,043
78 2,158,267 9.890% 19,506
79 2,091,339 9.730% 19,891
80 2,066,427 10.200% 20,349
81 2,068,349 9.710% 18,433
82 2,018,574 9.360% 17,530
83 1,962,765 9.200% 16,119
84 1,920,032 10.250% 18,946
85 1,911,058 8.250% 15,193
86 1,857,712 8.330% 14,884
87 1,856,838 8.800% 15,446
88 1,811,507 9.740% 17,242
89 1,800,278 10.780% 18,402
90 1,793,983 9.460% 15,677
91 1,772,221 9.610% 15,697
92 1,712,425 9.030% 14,512
93 1,702,751 10.780% 17,404
94 1,697,285 9.160% 13,875
95 1,687,748 9.100% 14,383
96 1,664,307 8.800% 13,844
97 1,652,018 9.450% 15,549
98 1,614,322 8.580% 13,124
99 1,540,247 9.090% 13,103
100 1,494,348 10.430% 14,905
101 1,397,640 8.900% 11,164
102 1,350,822 9.940% 12,256
103 1,290,080 8.750% 10,688
104 1,285,815 8.870% 10,243
105 1,090,400 9.380% 10,167
106 1,087,421 9.780% 9,736
107 1,045,704 9.610% 9,254
108 993,884 9.190% 8,151
109 980,821 9.050% 8,325
110 857,798 9.310% 7,401
111 847,082 9.300% 7,309
112 692,020 9.670% 6,603
113 548,564 9.820% 5,124
781,362,306 6,651,095
Loan
Disclosure Prepayment Status
Control # Prepayment Date Code (1)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
