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 (Date of earliest event reported) March 25, 1997
TRUST CREATED BY MIDLAND REALTY ACCEPTANCE CORPORATION
(under a Pooling & Servicing Agreement
dated as of December 1, 1996, which Trust is
the issuer of Commercial Mortgage Pass-Through
=============Certificates, Series 1996-C2)=============
(Exact name of Registrant as specified in its Charter)
Missouri 333-03885-02 36-4122515
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Formation) File No.) Identification No.)
LaSalle National Bank, Trustee, 135 South LaSalle Street
Suite 200, Chicago, Illinois 60603
Attention: Asset-backed Securities Trust Services (Zip Code)
MRAC Series 1996-C2
(Address of principal executive office)
Registrant's telephone number, including area code: (800) 246-5761
The Exhibit Index is on page 2.
Page - 1
<PAGE>
Item 5. Other Events
Attached hereto is a copy of the March 25, 1997, Monthly Remittance
Statement provided to the Certificateholders by the Trustee.
Item 7. Financial Statements and Exhibits
Exhibits
Monthly Remittance Statement to the Certificateholders dated as of
March 25, 1997.
Loan data file as of the March 1997 Determination Date.
SIGNATURE
Pursuant to the requirements 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.
MIDLAND LOAN SERVICES, L.P., not in its individual
capacity but solely as a duly authorized agent of
the Registrant pursuant to Section 3.20 of the
Pooling & Servicing Agreement dated as of December
1, 1996
By: Midland Data Systems, Inc., its General
Partner
/s/ Lawrence D. Ashley
By: Lawrence D. Ashley
Title: Director of MBS Programs
Date: March 25, 1997
EXHIBIT INDEX
Sequential
Document Page Number
Monthly Statement to the Certificateholders 3
dated as of March 25, 1997
Loan data file as of March 1997 24
Page - 2
ABN AMRO Statement Date: 03/25/97
LaSalle National Bank Payment Date: 03/25/97
Administrator: Prior Payment: 02/25/97
Barbara Marik (800) 246-5761 Record Date: 02/28/97
135 S. LaSalle Street Suite 1740
Chicago, IL 60603 WAC: 8.744234%
WAMM: 117
Midland Realty Acceptance Corp.
Midland Loan Services, L.P. as Servicer
Midland Loan Services, L.P. as Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-C2
ABN AMRO Acct: 67-766490-6
<TABLE>
REMIC II
<CAPTION>
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
<S> <C> <C> <C>
A-1 145,744,000.00 144,753,479.83 538,146.44
597706 AT 7 1000.000000000 993.203698471 3.692408881
A-2 210,167,000.00 210,167,000.00 0.00
597706 AU 4 1000.000000000 1000.000000000 0.000000000
A-EC 512,101,998.44N 511,111,478.27 0.00
597706 AZ 3 1000.000000000 998.065775621 0.000000000
B 30,727,000.00 30,727,000.00 0.00
597706 AV 2 1000.000000000 1000.000000000 0.000000000
C 28,166,000.00 28,166,000.00 0.00
597706 AW 0 1000.000000000 1000.000000000 0.000000000
D 23,045,000.00 23,045,000.00 0.00
597706 AX 8 1000.000000000 1000.000000000 0.000000000
E 7,682,000.00 7,682,000.00 0.00
597706 AY 6 1000.000000000 1000.000000000 0.000000000
F 15,364,000.00 15,364,000.00 0.00
597706 BA 7 1000.000000000 1000.000000000 0.000000000
G 12,803,000.00 12,803,000.00 0.00
597706 BB 5 1000.000000000 1000.000000000 0.000000000
H 5,122,000.00 5,122,000.00 0.00
597706 BC 3 1000.000000000 1000.000000000 0.000000000
J 12,803,000.00 12,803,000.00 0.00
597706 BD 1 1000.000000000 1000.000000000 0.000000000
K 7,682,000.00 7,682,000.00 0.00
597706 BE 9 1000.000000000 1000.000000000 0.000000000
L-1 12,796,998.44 12,796,998.44 0.00
597706 BF 6 1000.000000000 1000.000000000 0.000000000
L-2 12,796,998.44N 12,796,998.44 0.00
597706 BG 4 1000.000000000 1000.000000000 0.000000000
R-II 0.00 0.00 0.00
597706BJ8 1000.000000000 0.000000000 0.000000000
- ------------------- ---------------- ---------------- ----------------
512,101,998.44 511,111,478.27 538,146.44
================ ================ ================
<FN>
(1) N denotes notional balance not included in total
</FN>
</TABLE>
Page - 3
<PAGE>
REMIC II, Continued
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 0.00 0.00 144,215,333.39
597706 AT 7 0.000000000 0.000000000 989.511289590
A-2 0.00 0.00 210,167,000.00
597706 AU 4 0.000000000 0.000000000 1000.000000000
A-EC 0.00 0.00 510,573,331.83
597706 AZ 3 0.000000000 0.000000000 997.014917703
B 0.00 0.00 30,727,000.00
597706 AV 2 0.000000000 0.000000000 1000.000000000
C 0.00 0.00 28,166,000.00
597706 AW 0 0.000000000 0.000000000 1000.000000000
D 0.00 0.00 23,045,000.00
597706 AX 8 0.000000000 0.000000000 1000.000000000
E 0.00 0.00 7,682,000.00
597706 AY 6 0.000000000 0.000000000 1000.000000000
F 0.00 0.00 15,364,000.00
597706 BA 7 0.000000000 0.000000000 1000.000000000
G 0.00 0.00 12,803,000.00
597706 BB 5 0.000000000 0.000000000 1000.000000000
H 0.00 0.00 5,122,000.00
597706 BC 3 0.000000000 0.000000000 1000.000000000
J 0.00 0.00 12,803,000.00
597706 BD 1 0.000000000 0.000000000 1000.000000000
K 0.00 0.00 7,682,000.00
597706 BE 9 0.000000000 0.000000000 1000.000000000
L-1 0.00 0.00 12,796,998.44
597706 BF 6 0.000000000 0.000000000 1000.000000000
L-2 0.00 0.00 12,796,998.44
597706 BG 4 0.000000000 0.000000000 1000.000000000
R-II 0.00 0.00 0.00
597706BJ8 0.000000000 0.000000000 0.000000000
- ------------------- ---------------- ---------------- ----------------
0.00 0.00 510,573,331.83
================ ================ ================
Total P&I Payment 4,205,646.41
============
Page - 4
<PAGE>
<TABLE>
REMIC II, Continued
<CAPTION>
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
<S> <C> <C> <C>
A-1 846,807.86 0.00 7.02000000%
597706 AT 7 5.810241657 0.000000000 Fixed
A-2 1,266,781.59 0.00 7.23300000%
597706 AU 4 6.027499988 0.000000000 Fixed
A-EC 591,961.12 0.00 1.38982077%
597706 AZ 3 1.155943780 0.000000000 1.38958580%
B 187,998.03 0.00 7.34200000%
597706 AV 2 6.118333388 0.000000000 Fixed
C 174,652.67 0.00 7.44100000%
597706 AW 0 6.200833274 0.000000000 Fixed
D 146,643.02 0.00 7.63600000%
597706 AX 8 6.363333478 0.000000000 Fixed
E 51,398.98 0.00 8.02900000%
597706 AY 6 6.690833116 0.000000000 Fixed
F 92,606.51 0.00 7.23300000%
597706 BA 7 6.027500000 0.000000000 Fixed
G 77,170.08 0.00 7.23300000%
597706 BB 5 6.027499805 0.000000000 Fixed
H 30,872.86 0.00 7.23300000%
597706 BC 3 6.027500976 0.000000000 Fixed
J 77,170.08 0.00 7.23300000%
597706 BD 1 6.027499805 0.000000000 Fixed
K 46,303.26 0.00 7.23300000%
597706 BE 9 6.027500651 0.000000000 Fixed
L-1 0.00 0.00 None
597706 BF 6 0.000000000 0.000000000
L-2 77,133.91 0.00 7.23300000%
597706 BG 4 6.027500149 0.000000000 Fixed
R-II 0.00 0.00 None
597706BJ8 0.000000000 0.000000000
---------------- ---------------- ----------------
3,667,499.97 0.00
================ ================
<FN>
(2) Interest Paid minus Interest Adjustment minus Deferred Interest equals
Accrual
(3) Estimated
</FN>
</TABLE>
Page - 5
<PAGE>
<TABLE>
REMIC I
<CAPTION>
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
<S> <C> <C> <C>
A-L-1 145,744,000.00 144,753,479.83 538,146.44
None 1000.000000000 993.203698471 3.692408881
A-L-2 210,167,000.00 210,167,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
B-L 30,727,000.00 30,727,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
C-L 28,166,000.00 28,166,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
D-L 23,045,000.00 23,045,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
E-L 7,682,000.00 7,682,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
F-L 15,364,000.00 15,364,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
G-L 12,803,000.00 12,803,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
H-L 5,122,000.00 5,122,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
J-L 12,803,000.00 12,803,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
K-L 7,682,000.00 7,682,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
L-L 12,796,998.44 12,796,998.44 0.00
None 1000.000000000 1000.000000000 0.000000000
R-I 0.00 0.00 0.00
597706 BH 2 1000.000000000 0.000000000 0.000000000
- ------------------- ---------------- ---------------- ----------------
512,101,998.44 511,111,478.27 538,146.44
================ ================ ================
<FN>
(1) N denotes notional balance not included in total
</FN>
</TABLE>
Page - 6
<PAGE>
REMIC I, Continued
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
A-L-1 0.00 0.00 144,215,333.39
None 0.000000000 0.000000000 989.511289590
A-L-2 0.00 0.00 210,167,000.00
None 0.000000000 0.000000000 1000.000000000
B-L 0.00 0.00 30,727,000.00
None 0.000000000 0.000000000 1000.000000000
C-L 0.00 0.00 28,166,000.00
None 0.000000000 0.000000000 1000.000000000
D-L 0.00 0.00 23,045,000.00
None 0.000000000 0.000000000 1000.000000000
E-L 0.00 0.00 7,682,000.00
None 0.000000000 0.000000000 1000.000000000
F-L 0.00 0.00 15,364,000.00
None 0.000000000 0.000000000 1000.000000000
G-L 0.00 0.00 12,803,000.00
None 0.000000000 0.000000000 1000.000000000
H-L 0.00 0.00 5,122,000.00
None 0.000000000 0.000000000 1000.000000000
J-L 0.00 0.00 12,803,000.00
None 0.000000000 0.000000000 1000.000000000
K-L 0.00 0.00 7,682,000.00
None 0.000000000 0.000000000 1000.000000000
L-L 0.00 0.00 12,796,998.44
None 0.000000000 0.000000000 1000.000000000
R-I 0.00 0.00 0.00
597706 BH 2 0.000000000 0.000000000 0.000000000
- ------------------- ---------------- ---------------- ----------------
0.00 0.00 510,573,331.83
================ ================ ================
Total P&I Payment 4,205,646.41
============
Page - 7
<PAGE>
<TABLE>
REMIC I, Continued
<CAPTION>
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
<S> <C> <C> <C>
A-L-1 1,038,684.13 0.00 8.61064590%
None 7.126771119 0.000000000 8.61062261%
A-L-2 1,508,061.35 0.00 8.61064590%
None 7.175538262 0.000000000 8.61062261%
B-L 220,482.77 0.00 7.34200000%
None 7.175538452 0.000000000 7.34200000%
C-L 202,106.21 0.00 7.44100000%
None 7.175538238 0.000000000 7.44100000%
D-L 165,360.28 0.00 7.63600000%
None 7.175538295 0.000000000 7.63600000%
E-L 55,122.48 0.00 8.02900000%
None 7.175537620 0.000000000 8.02900000%
F-L 110,244.97 0.00 7.23300000%
None 7.175538271 0.000000000 7.23300000%
G-L 91,868.41 0.00 7.23300000%
None 7.175537765 0.000000000 7.23300000%
H-L 36,753.11 0.00 7.23300000%
None 7.175538852 0.000000000 7.23300000%
J-L 91,868.41 0.00 7.23300000%
None 7.175537765 0.000000000 7.23300000%
K-L 55,122.49 0.00 7.23300000%
None 7.175538922 0.000000000 7.23300000%
L-L 91,825.36 0.01 7.23300000%
None 7.175538891 0.000000781 7.23300000%
R-I 0.00 0.00 None
597706 BH 2 0.000000000 0.000000000
---------------- ---------------- ----------------
3,667,499.97 0.01
================ ================
<FN>
(2) Interest Paid minus Interest Adjustment minus Deferred Interest
equals Accrual
(3) Estimated
</FN>
</TABLE>
Page - 8
<PAGE>
OTHER RELATED INFORMATION
Total Available Funds 4,205,646.41
Principal Distribution Amount 538,146.44
Interest Distribution Amount 3,667,499.97
P&I ADVANCES
Servicer Trustee Fiscal Agent
Current 42,992.38 0.00 0.00
Unreimbursed 0.00 0.00 0.00
---------------- ---------------- ----------------
Totals : 42,992.38 0.00 0.00
================ ================ ================
SPECIALLY SERVICED LOANS
Property P&I
Advances Advances
Current 0.00 0.00
Unreimbursed 0.00 0.00
---------------- ----------------
Totals : 0.00 0.00
================ ================
Servicing Fee 56,898.88
Additional Servicing Compensation 0.00
Special Servicing Compensation 0.00
Disposition Fee 0.00
Workout Fee 0.00
Prepayment Premiums 0.00
Default Interest 0.00
REO PROPERTY INFORMATION
Date Final
Loan Updated Recovery
Property Became Principal Appraised Determination
Name REO Balance Value Date
Proceeds Cumulative Net
Deposited in REO REO Other
Property Collection Proceeds Proceeds Revenues
Name Account Collected Collected Collected
CERTIFICATE INTEREST ALLOCATIONS
Accrued Interest
Class Interest Distributed
A-1 846,807.86 846,807.86
A-2 1,266,781.59 1,266,781.59
A-EC 591,961.12 591,961.12
B 187,998.03 187,998.03
C 174,652.67 174,652.67
D 146,643.02 146,643.02
E 51,398.98 51,398.98
F 92,606.51 92,606.51
G 77,170.08 77,170.08
H 30,872.86 30,872.86
J 77,170.08 77,170.08
K 46,303.26 46,303.26
L-2 77,133.91 77,133.91
- ---------------- ---------------- ----------------
Totals : 3,667,499.97 3,667,499.97
================ ================
Page - 9
<PAGE>
CERTIFICATE INTEREST ALLOCATIONS, Continued
Beginning Ending
Unpaid Unpaid
Class Interest Interest
A-1 0.00 0.00
A-2 0.00 0.00
A-EC 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
J 0.00 0.00
K 0.00 0.00
L-2 0.00 0.00
- ---------------- ---------------- ----------------
Totals : 0.00 0.00
================ ================
Current Realized Losses 0.00
Cumulative Realized Losses 0.00
Beginning Scheduled Principal Balance 511,111,478.27
<TABLE>
<CAPTION>
Distribution Delinq 1 Month Delinq 2 Months Delinq 3+ Months
Date # Balance # Balance # Balance
<S> <C> <C> <C> <C> <C> <C>
03/25/97 0 0 0 0 0 0
/ 0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
02/25/97 0 0 0 0 0 0
/ 0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
01/27/97 0 0 0 0 0 0
/ 0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0 0 0
/ 0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
</TABLE>
<TABLE>
<CAPTION>
Distribution Foreclosure/Bankruptcy (1) REO (1)
Date # Balance # Balance
<S> <C> <C> <C> <C>
03/25/97 0 0 0 0
/ 0.00% 0.000% 0.00% 0.000%
02/25/97 0 0 0 0
/ 0.00% 0.000% 0.00% 0.000%
01/27/97 0 0 0 0
/ 0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
/ 0.00% 0.000% 0.00% 0.000%
<FN>
(1) Foreclosure and REO Totals are Included in the Appropriate Delinquency
Aging Category
</FN>
</TABLE>
Distribution Modifications Prepayments
Date # Balance # Balance
03/25/97 0 0 0 0
/ 0.00% 0.000% 0.00% 0.000%
02/25/97 0 0 0 0
/ 0.00% 0.000% 0.00% 0.000%
01/27/97 0 0 0 0
/ 0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
/ 0.00% 0.000% 0.00% 0.000%
Distribution Curr Weighted Avg.
Date Coupon Remit
03/25/97 8.7442% 8.6106%
02/25/97 8.7443% 8.6107%
01/27/97 8.7443% 8.6152%
01/00/00 0.0000% 0.0000%
Page - 10
<PAGE>
<TABLE>
DELINQUENT LOAN DETAIL
<CAPTION>
Disclosure Paid Outstanding Out. Property
Doc Thru Current P&I P&I Protection Advance
Control # Date Advance Advances(1) Advances Desc. (2)
<S> <C> <C> <C> <C> <C>
94 02/01/97 11,921.68 11,921.68 0.00 B
103 02/01/97 10,424.18 10,424.18 0.00 B
64 02/01/97 19,991.00 19,991.00 0.00 B
- --- -------- ---------- ---------- ---------- ---------
Total -- 42,336.86 42,336.86 0.00 --
=== ======== ========== ========== ========== =========
<FN>
(1) Outstanding P&I Advances include the current period P&I Advance
(2) Legend: A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but less 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
</FN>
</TABLE>
DELINQUENT LOAN DETAIL, Continued
Disclosure Special
Doc Servicer Foreclosure Bankruptcy REO
Control # Transfer Date Date Date Date
94 -- -- -- --
103 -- -- -- --
64 -- -- -- --
DISTRIBUTION OF PRINCIPAL BALANCES
Current Scheduled Number Scheduled Based on
Balances of Loans Balance Balance
$0 to $499,999 0 0 0.00%
$500,000 to $749,999 4 2,749,876 0.54%
$750,000 to $999,999 15 13,712,344 2.69%
$1,000,000 to $1,499,999 23 28,600,971 5.60%
$1,500,000 to $1,999,999 19 33,437,860 6.55%
$2,000,000 to $2,499,999 11 25,310,337 4.96%
$2,500,000 to $2,999,999 7 19,082,269 3.74%
$3,000,000 to $3,999,999 12 39,334,664 7.70%
$4,000,000 to $4,999,999 14 64,088,505 12.55%
$5,000,000 to $5,999,999 6 32,066,384 6.28%
$6,000,000 to $6,999,999 3 19,298,137 3.78%
$7,000,000 to $7,999,999 7 53,028,407 10.39%
$8,000,000 to $8,999,999 5 43,382,467 8.50%
$9,000,000 to $9,999,999 1 9,780,500 1.92%
$10,000,000 to $10,999,999 4 41,109,405 8.05%
$11,000,000 to $11,999,999 1 11,665,411 2.28%
$12,000,000 to $14,999,999 1 12,300,426 2.41%
$15,000,000 to $16,999,999 1 16,858,896 3.30%
$17,000,000 to $22,999,999 1 17,538,487 3.44%
$23,000,000 & Above 1 27,227,986 5.33%
- ------------------------------- --- ------------ ------
Total 136 510,573,332 100.00%
=== ============ ======
Average Scheduled Balance is 3,754,216
Maximum Scheduled Balance is 27,227,986
Minimum Scheduled Balance is 618,851
DISTRIBUTION OF PROPERTY TYPES
Number Scheduled Based on
Property Types of Loans Balance Balance
MF- Housing 58 197,865,788 38.75%
Office 16 60,180,908 11.79%
Retail Facility 16 58,150,289 11.39%
Retail-Anchored 9 52,166,884 10.22%
Retail-Single Tenant 14 48,604,030 9.52%
Industrial/Warehouse 8 22,103,714 4.33%
Mixed Use 1 16,858,896 3.30%
R&D 2 14,797,041 2.90%
Office/Retail 2 13,896,261 2.72%
Hospitality 1 7,810,584 1.53%
Warehouse 4 5,658,081 1.11%
Other 5 12,480,858 2.44%
--- ------------ ------
Total 136 510,573,332 100.00%
=== ============ ======
Page - 11
<PAGE>
DISTRIBUTION OF MORTGAGE INTEREST RATES
Current Mortgage Number Scheduled Based on
Interest Rate of Loans Balance Balance
7.500% or less 0 0 0.00%
7.500% to 7.625% 1 27,227,986 5.33%
7.625% to 7.750% 0 0 0.00%
7.750% to 7.875% 1 8,377,253 1.64%
7.875% to 8.000% 0 0 0.00%
8.000% to 8.125% 2 15,419,235 3.02%
8.125% to 8.250% 2 11,276,401 2.21%
8.250% to 8.375% 2 4,738,198 0.93%
8.375% to 8.500% 14 79,262,273 15.52%
8.500% to 8.625% 5 38,283,476 7.50%
8.625% to 8.750% 18 39,290,050 7.70%
8.750% to 9.000% 39 149,556,525 29.29%
9.000% to 9.125% 11 20,077,965 3.93%
9.125% to 9.500% 34 105,015,506 20.57%
9.500% & Above 7 12,048,463 2.36%
- ------------------------------- --- ------------ ------
Total 136 510,573,332 100.00%
=== ============ ======
W/Avg Mortgage Interest Rate is 8.7442%
Minimum Mortgage Interest Rate is 7.6100%
Maximum Mortgage Interest Rate is 9.7000%
GEOGRAPHIC DISTRIBUTION
Geographic Number Scheduled Based on
Location of Loans Balance Balance
Texas 31 87,663,612 17.17%
California 15 77,871,153 15.25%
Florida 14 50,724,287 9.93%
Colorado 5 35,982,631 7.05%
Michigan 9 30,970,518 6.07%
New York 5 27,577,446 5.40%
Maryland 6 27,188,969 5.33%
Massachusetts 4 20,587,552 4.03%
Pennsylvania 3 20,372,013 3.99%
Missouri 2 18,552,605 3.63%
Arizona 7 15,713,701 3.08%
New Jersey 4 14,217,101 2.78%
Virginia 4 12,066,782 2.36%
Connecticut 3 11,756,116 2.30%
Nevada 2 11,725,251 2.30%
Washington 2 11,540,548 2.26%
Minnesota 7 9,935,739 1.95%
Oklahoma 4 8,255,587 1.62%
New Mexico 2 5,886,082 1.15%
Georgia 2 3,349,607 0.66%
Utah 1 2,880,286 0.56%
Various 1 2,388,406 0.47%
Montana 2 2,269,844 0.44%
Oregon 1 1,097,493 0.21%
--- ------------ ------
Total 136 510,573,332 100.00%
=== ============ ======
Page 12
<PAGE>
LOAN SEASONING
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 131 482,202,684 94.44%
1+ to 2 years 5 28,370,648 5.56%
2+ to 3 years 0 0 0.00%
3+ to 4 years 0 0 0.00%
4+ to 5 years 0 0 0.00%
5+ to 6 years 0 0 0.00%
6+ to 7 years 0 0 0.00%
7+ to 8 years 0 0 0.00%
8+ to 9 years 0 0 0.00%
9+ to 10 years 0 0 0.00%
10 years or more 0 0 0.00%
- ------------------------------- --- ------------ ------
Total 136 510,573,332 100.00%
=== ============ ======
Weighted Average Seasoning is 0.4
DISTRIBUTION OF REMAINING TERM
FULLY AMORTIZING
Fully Amortizing Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
60 months or less 0 0 0.00%
61 to 120 months 3 4,194,435 0.82%
121 to 180 months 6 12,033,002 2.36%
181 to 240 months 0 0 0.00%
241 to 360 months 1 3,670,551 0.72%
- ------------------------------- --- ------------ ------
Total 10 19,897,988 3.90%
=== ============ ======
Weighted Average Months to Maturity is 176
<TABLE>
DISTRIBUTION OF DSCR
<CAPTION>
Debt Service Number Scheduled Based on
Coverage Ratio (1) of Loans Balance Balance
<S> <C> <C> <C>
1.000 or less 5 16,632,829 3.26%
1.001 to 1.125 7 35,080,083 6.87%
1.126 to 1.250 7 43,589,115 8.54%
1.251 to 1.375 25 123,267,652 24.14%
1.376 to 1.500 29 84,533,576 16.56%
1.501 to 1.625 33 110,323,216 21.61%
1.626 to 1.750 17 68,995,022 13.51%
1.751 to 1.875 4 5,886,074 1.15%
1.876 to 2.000 5 5,891,519 1.15%
2.001 to 2.125 0 0 0.00%
2.126 to 2.250 2 7,892,066 1.55%
2.251 to 2.375 0 0 0.00%
2.376 to 2.500 0 0 0.00%
2.501 to 2.625 0 0 0.00%
2.626 & above 2 8,482,179 1.66%
Unknown 0 0 0.00%
--- ------------ ------
Total 136 510,573,332 100.00%
=== ============ ======
<FN>
(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.
</FN>
</TABLE>
Weighted Average Debt Service Coverage Ratio is 1.450
Page - 13
<PAGE>
DISTRIBUTION OF AMORTIZATION TYPE
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 10 19,897,988 3.90%
Amortizing Balloon 126 490,675,344 96.10%
--- ------------ ------
Total 136 510,573,332 100.00%
=== ============ ======
DISTRIBUTION OF REMAINING TERM
BALLOON LOANS
Balloon Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
12 months or less 0 0 0.00%
13 to 24 months 0 0 0.00%
25 to 36 months 0 0 0.00%
37 to 48 months 0 0 0.00%
49 to 60 months 2 12,839,110 2.51%
61 to 120 months 95 382,272,428 74.87%
121 to 180 months 28 94,292,184 18.47%
181 to 240 months 1 1,271,623 0.25%
- ------------------------------- --- ------------ ------
Total 126 490,675,344 96.10%
=== ============ ======
Weighted Average Months to Maturity is 114
NOI AGING
Number Scheduled Based on
NOI Date of Loans Balance Balance
1 year or less 22 139,805,820 27.38%
1 to 2 years 97 323,459,912 63.35%
2 Years or More 2 10,433,282 2.04%
Unknown 15 36,874,318 7.22%
--- ------------ ------
Total 136 510,573,332 100.00%
=== ============ ======
<TABLE>
LOAN LEVEL DETAIL
<CAPTION>
Disclosure Property
Control Type Maturity
# Group Code Date DSCR (1) NOI (1)
<S> <C> <C> <C> <C> <C>
1 MRAC96C2 MF- Housing 02/01/06 1.662 3,876,368
2 MRAC96C2 Retail-Anchored 04/01/03 1.289 2,713,770
3 MRAC96C2 Mixed Use 12/01/06 1.231 1,913,575
4 MRAC96C2 Office/Retail 03/01/03 1.287 1,553,293
5 MRAC96C2 R&D 12/01/06 1.508 1,696,800
6 MRAC96C2 Retail-Single Tenant 11/30/06 1.325 1,449,580
7 MRAC96C2 Industrial/Warehouse 11/08/02 1.366 1,530,136
8 MRAC96C2 Retail-Anchored 01/01/07 1.601 1,568,253
9 MRAC96C2 Office 10/01/06 1.017 1,001,938
10 MRAC96C2 MF- Housing 12/01/06 1.136 988,947
11 MRAC96C2 MF- Housing 11/01/11 1.057 902,552
12 MRAC96C2 Retail Facility 01/01/09 1.649 1,438,355
13 MRAC96C2 Retail-Single Tenant 06/01/06 1.347 1,227,239
14 MRAC96C2 Retail-Anchored 01/01/09 1.559 1,274,901
15 MRAC96C2 MF- Housing 12/01/01 1.493 1,081,431
16 MRAC96C2 Hospitality 12/01/05 2.974 2,568,611
17 MRAC96C2 Office 12/01/06 1.299 1,019,427
<FN>
(1) 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.
</FN>
</TABLE>
Page - 14
<PAGE>
<TABLE>
LOAN LEVEL DETAIL, Continued
<CAPTION>
Disclosure Property
Control Type Maturity
# Group Code Date DSCR (1) NOI (1)
<S> <C> <C> <C> <C> <C>
18 MRAC96C2 MF- Housing 08/01/06 1.311 994,295
19 MRAC96C2 Retail-Anchored 12/01/06 1.550 1,185,393
20 MRAC96C2 Retail-Single Tenant 01/01/09 1.375 1,103,688
21 MRAC96C2 MF- Housing 11/01/11 1.124 804,063
22 MRAC96C2 Office 11/01/08 2.208 1,689,955
23 MRAC96C2 Retail-Single Tenant 09/01/06 1.385 966,216
24 MRAC96C2 MF- Housing 01/01/04 0.935 526,185
25 MRAC96C2 Retail Facility 10/01/06 1.566 972,450
26 MRAC96C2 MF- Housing 12/01/06 1.432 717,927
27 MRAC96C2 MF- Housing 01/01/07 1.596 827,613
28 MRAC96C2 MF- Housing 07/01/06 1.328 757,070
29 MRAC96C2 Office 09/01/08 1.286 696,513
30 MRAC96C2 MF- Housing 11/01/06 1.184 571,718
31 MRAC96C2 Office 11/01/08 1.558 804,893
32 MRAC96C2 MF- Housing 12/01/06 1.402 660,351
33 MRAC96C2 Retail Facility 12/01/06 1.582 783,588
34 MRAC96C2 Office 01/01/04 1.406 658,804
35 MRAC96C2 Retail Facility 08/14/05 1.130 565,165
36 MRAC96C2 Retail Facility 09/01/06 1.471 704,162
37 MRAC96C2 MF- Housing 09/01/06 0.995 433,658
38 MRAC96C2 Retail Facility 09/01/06 1.553 735,820
39 MRAC96C2 MF- Housing 09/01/06 1.745 808,421
40 MRAC96C2 MF- Housing 09/01/06 1.611 696,864
41 MRAC96C2 MF- Housing 04/01/11 1.280 717,125
42 MRAC96C2 Congregate Care 12/01/01 1.443 623,120
43 MRAC96C2 Industrial/Warehouse 11/01/03 1.437 653,936
44 MRAC96C2 Retail Facility 12/31/05 1.503 617,199
45 MRAC96C2 MF- Housing 11/01/06 1.488 557,774
46 MRAC96C2 MF- Housing 07/01/21 1.639 585,659
47 MRAC96C2 MF- Housing 11/01/06 1.443 461,434
48 MRAC96C2 Retail-Single Tenant 12/01/08 1.515 520,812
49 MRAC96C2 Retail Facility 11/01/06 1.459 508,871
50 MRAC96C2 Retail Facility 01/01/07 1.749 557,179
51 MRAC96C2 MF- Housing 12/01/06 1.515 466,405
52 MRAC96C2 Office 12/01/07 1.547 504,887
53 MRAC96C2 Retail Facility 12/01/06 1.050 332,257
54 MRAC96C2 Industrial 01/01/04 1.425 455,495
55 MRAC96C2 MF- Housing 11/01/06 1.280 405,035
56 MRAC96C2 R&D 03/01/06 1.376 456,369
57 MRAC96C2 Retail-Single Tenant 12/01/08 1.527 476,171
58 MRAC96C2 MF- Housing 10/01/08 1.234 349,704
59 MRAC96C2 Retail-Anchored 12/01/06 0.944 268,032
60 MRAC96C2 Office 09/01/06 1.532 433,653
61 MRAC96C2 MF- Housing 09/01/06 1.393 390,805
62 MRAC96C2 Retail Facility 11/01/06 1.013 276,523
63 MRAC96C2 Warehouse 01/01/07 1.345 348,497
64 MRAC96C2 Office 01/01/07 1.704 416,208
65 MRAC96C2 Office 09/01/06 1.732 517,584
66 MRAC96C2 MF- Housing 12/01/06 1.706 414,223
67 MRAC96C2 MF- Housing 09/01/06 1.749 421,716
68 MRAC96C2 MF- Housing 12/01/08 1.466 365,798
69 MRAC96C2 MF- Housing 08/01/06 1.150 277,670
70 MRAC96C2 MF- Housing 06/01/06 1.349 313,421
71 MRAC96C2 MF- Housing 12/01/06 1.355 294,086
72 MRAC96C2 Office 10/01/06 1.507 359,613
73 MRAC96C2 MF- Housing 11/01/11 1.323 283,594
74 MRAC96C2 MF- Housing 05/01/06 1.257 267,332
75 MRAC96C2 Retail Facility 12/01/06 1.552 327,147
76 MRAC96C2 Mobile Home Park 11/01/06 1.733 522,919
77 MRAC96C2 Office 12/01/06 1.793 352,405
<FN>
(1) 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.
</FN>
</TABLE>
Page - 15
<PAGE>
<TABLE>
LOAN LEVEL DETAIL, Continued
<CAPTION>
Disclosure Property
Control Type Maturity
# Group Code Date DSCR (1) NOI (1)
<S> <C> <C> <C> <C> <C>
78 MRAC96C2 Retail Facility 10/01/08 1.371 273,349
79 MRAC96C2 Office\MF\Retail 01/01/05 1.799 341,058
80 MRAC96C2 Industrial/Warehouse 12/01/06 1.445 273,495
81 MRAC96C2 MF- Housing 12/01/08 1.242 242,104
82 MRAC96C2 MF- Housing 10/01/10 1.302 234,274
83 MRAC96C2 MF- Housing 12/01/08 0.695 129,291
84 MRAC96C2 Industrial/Warehouse 09/01/08 1.654 303,526
85 MRAC96C2 Retail-Anchored 01/01/07 1.387 238,399
86 MRAC96C2 Retail-Single Tenant 06/01/03 1.313 262,157
87 MRAC96C2 MF- Housing 12/01/06 1.937 322,110
88 MRAC96C2 MF- Housing 10/01/06 1.511 281,152
89 MRAC96C2 MF- Housing 07/01/06 1.685 289,041
90 MRAC96C2 Office 10/01/08 1.998 346,737
91 MRAC96C2 MF- Housing 07/01/06 1.581 268,260
92 MRAC96C2 Office/Retail 12/01/06 1.720 281,836
93 MRAC96C2 Retail Facility 06/01/06 1.593 248,074
94 MRAC96C2 MF- Housing 01/01/07 1.272 183,752
95 MRAC96C2 MF- Housing 12/01/11 1.067 190,529
96 MRAC96C2 MF- Housing 08/01/06 1.476 215,925
97 MRAC96C2 MF- Housing 11/01/11 1.432 244,871
98 MRAC96C2 Office 09/01/08 1.420 201,820
99 MRAC96C2 Retail-Anchored 09/18/02 1.457 206,358
100 MRAC96C2 Retail-Anchored 11/01/06 1.685 230,937
101 MRAC96C2 Industrial/Warehouse 10/01/08 1.571 265,978
102 MRAC96C2 Retail-Single Tenant 02/01/06 1.589 223,321
103 MRAC96C2 MF- Housing 01/01/07 1.439 183,240
104 MRAC96C2 Retail-Single Tenant 02/01/06 1.589 220,902
105 MRAC96C2 MF- Housing 10/01/16 1.528 191,878
106 MRAC96C2 Warehouse 12/01/08 1.396 190,798
107 MRAC96C2 MF- Housing 12/01/06 1.469 177,176
108 MRAC96C2 MF- Housing 10/01/06 1.121 135,631
109 MRAC96C2 MF- Housing 08/01/06 1.516 189,994
110 MRAC96C2 Office 10/01/06 1.556 192,260
111 MRAC96C2 MF- Housing 11/01/08 1.715 187,981
112 MRAC96C2 MF- Housing 12/01/11 1.497 171,115
113 MRAC96C2 MF- Housing 11/01/11 1.337 140,129
114 MRAC96C2 MF- Housing 09/01/11 0.725 79,162
115 MRAC96C2 Warehouse 10/01/08 1.273 138,524
116 MRAC96C2 MF- Housing 08/01/06 1.692 178,227
117 MRAC96C2 MF- Housing 10/01/11 1.854 192,471
118 MRAC96C2 MF- Housing 12/01/11 1.333 124,612
119 MRAC96C2 MF- Housing 09/01/06 1.834 185,259
120 MRAC96C2 Retail Facility 09/01/08 1.470 164,504
121 MRAC96C2 Retail Facility 10/01/06 1.491 155,507
122 MRAC96C2 Mobile Home Park 12/01/06 1.445 147,384
123 MRAC96C2 Retail-Anchored 10/01/06 1.348 132,960
124 MRAC96C2 Retail-Single Tenant 02/01/06 1.589 160,590
125 MRAC96C2 Industrial/Warehouse 01/01/04 1.910 188,387
126 MRAC96C2 Industrial/Warehouse 01/01/07 1.711 158,842
127 MRAC96C2 MF- Housing 09/01/06 1.427 128,632
128 MRAC96C2 Retail-Single Tenant 02/01/06 1.589 152,747
129 MRAC96C2 MF- Housing 10/01/06 1.924 180,607
130 MRAC96C2 Retail-Single Tenant 02/01/06 1.589 142,568
131 MRAC96C2 MF- Housing 08/01/06 2.147 179,523
132 MRAC96C2 Office 12/01/06 1.519 124,391
133 MRAC96C2 Warehouse 12/01/06 1.983 150,138
134 MRAC96C2 Retail-Single Tenant 02/01/06 1.589 121,997
135 MRAC96C2 Retail-Single Tenant 04/01/06 2.772 208,512
136 MRAC96C2 Industrial/Warehouse 01/01/07 1.548 94,978
<FN>
(1) 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.
</FN>
</TABLE>
Page - 16
<PAGE>
<TABLE>
LOAN LEVEL DETAIL, Continued
<CAPTION>
Operating Ending Loan
Disclosure Statement Principal Note Scheduled Prepayment Status
Control # Date Balance Rate P&I Prepayment Date Code (1)
<S> <C> <C> <C> <C> <C> <C> <C>
1 12/31/96 27,227,986 7.610% 194,343 -- -- --
2 12/31/95 17,538,487 8.590% 175,493 -- -- --
3 12/31/95 16,858,896 8.470% 129,511 -- -- --
4 12/31/95 12,300,426 8.540% 100,587 -- -- --
5 12/31/95 11,665,411 8.440% 93,739 -- -- --
6 10/31/96 10,664,076 8.890% 91,156 -- -- --
7 10/31/96 10,246,227 8.830% 93,326 -- -- --
8 12/31/96 10,179,935 8.430% 81,653 -- -- --
9 06/30/96 10,019,168 9.180% 82,137 -- -- --
10 12/31/95 9,780,500 8.090% 72,525 -- -- --
11 12/31/95 8,989,209 8.790% 71,139 -- -- --
12 12/31/95 8,899,083 8.650% 72,698 -- -- --
13 12/31/95 8,633,589 9.490% 75,951 -- -- --
14 08/31/96 8,483,334 8.450% 68,158 -- -- --
15 12/31/95 8,377,253 7.790% 60,375 -- -- --
16 12/31/95 7,810,584 9.000% 71,978 -- -- --
17 05/31/96 7,828,519 8.910% 65,394 -- -- --
18 09/30/96 7,695,936 9.188% 63,202 -- -- --
19 12/31/95 7,678,649 8.830% 63,724 -- -- --
20 -- 7,477,112 8.880% 66,902 -- -- --
21 12/31/95 7,456,143 8.900% 59,593 -- -- --
22 07/31/96 7,081,464 8.930% 63,785 -- -- --
23 -- 6,961,004 8.870% 58,122 -- -- --
24 12/31/95 6,291,772 8.150% 46,888 -- -- --
25 12/31/96 6,045,360 9.190% 51,748 -- -- --
26 12/31/94 5,638,735 8.080% 41,773 -- -- --
27 12/31/95 5,618,147 8.490% 43,212 -- -- --
28 12/31/95 5,510,911 9.240% 47,491 -- -- --
29 12/31/95 5,178,041 9.420% 45,143 -- -- --
30 12/31/95 5,088,207 8.780% 40,231 -- -- --
31 12/31/95 5,032,343 9.190% 43,038 -- -- --
32 12/31/95 4,984,629 8.200% 39,256 -- -- --
33 12/31/95 4,986,067 8.800% 41,277 -- -- --
34 12/31/95 4,840,568 8.500% 39,054 -- -- --
35 12/31/94 4,794,547 9.230% 41,681 -- -- --
36 12/31/95 4,625,748 9.270% 39,886 -- -- --
37 12/31/96 4,628,434 8.680% 36,310 -- -- --
38 12/31/95 4,605,571 9.200% 39,491 -- -- --
39 12/31/95 4,535,580 9.110% 38,611 -- -- --
40 04/30/96 4,536,225 8.820% 36,038 -- -- --
41 12/31/96 4,472,914 8.970% 46,701 -- -- --
42 12/31/95 4,461,857 8.480% 35,974 -- -- --
43 -- 4,384,970 9.330% 37,924 -- -- --
44 12/31/95 4,141,644 8.640% 34,217 -- -- --
45 12/31/95 4,089,752 8.400% 31,235 -- -- --
46 -- 3,670,551 8.490% 29,768 -- -- --
47 12/31/95 3,431,712 8.580% 26,646 -- -- --
48 08/31/96 3,406,775 8.990% 28,644 -- -- --
49 12/31/95 3,388,191 9.230% 29,070 -- -- --
50 11/30/96 3,243,854 8.670% 26,543 -- -- --
<FN>
(1) Legend: A. P&I Adv - in Grace Period
B. P&I Adv - less 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
</FN>
</TABLE>
Page - 17
<PAGE>
<TABLE>
LOAN LEVEL DETAIL, Continued
<CAPTION>
Operating Ending Loan
Disclosure Statement Principal Note Scheduled Prepayment Status
Control # Date Balance Rate P&I Prepayment Date Code (1)
<S> <C> <C> <C> <C> <C> <C> <C>
51 12/31/95 3,230,200 8.300% 25,654 -- -- --
52 09/30/96 3,191,599 9.160% 27,206 -- -- --
53 12/31/95 3,191,053 8.780% 26,374 -- -- --
54 12/31/95 3,194,174 8.900% 26,635 -- -- --
55 12/31/95 3,163,296 8.870% 26,362 -- -- --
56 12/31/95 3,131,630 9.550% 27,631 -- -- --
57 -- 3,091,629 8.990% 25,994 -- -- --
58 12/31/95 2,880,286 9.180% 23,613 -- -- --
59 12/31/95 2,866,935 8.760% 23,656 -- -- --
60 12/31/95 2,784,856 9.050% 23,593 -- -- --
61 12/31/95 2,719,646 9.230% 23,376 -- -- --
62 12/31/95 2,690,338 9.050% 22,751 -- -- --
63 12/31/95 2,620,109 8.760% 21,599 -- -- --
64 12/31/95 2,520,098 8.510% 20,349 -- -- B
65 12/31/95 2,494,195 9.440% 24,897 -- -- --
66 06/30/96 2,492,753 8.560% 20,232 -- -- --
67 12/31/95 2,423,720 8.780% 20,089 -- -- --
68 12/31/95 2,388,406 8.480% 20,797 -- -- --
69 12/31/95 2,345,417 9.200% 20,129 -- -- --
70 12/31/95 2,305,482 8.910% 19,368 -- -- --
71 12/31/95 2,243,392 8.480% 18,087 -- -- --
72 12/31/96 2,235,907 9.670% 19,880 -- -- --
73 12/31/95 2,181,629 8.650% 17,856 -- -- --
74 12/31/95 2,105,136 8.920% 17,717 -- -- --
75 12/31/95 2,094,301 8.960% 17,566 -- -- --
76 12/31/95 1,957,774 8.820% 25,141 -- -- --
77 12/31/95 1,944,752 9.010% 16,378 -- -- --
78 12/31/95 1,941,445 9.190% 16,619 -- -- --
79 12/31/95 1,921,395 8.730% 15,800 -- -- --
80 12/31/95 1,894,766 8.870% 15,776 -- -- --
81 05/31/96 1,841,262 8.660% 16,243 -- -- --
82 12/31/95 1,834,057 9.150% 14,996 -- -- --
83 12/31/96 1,791,207 8.390% 15,496 -- -- --
84 12/31/95 1,765,826 9.325% 15,293 -- -- --
85 12/31/95 1,756,650 8.630% 14,327 -- -- --
86 12/31/95 1,737,601 9.700% 16,636 -- -- --
87 12/31/95 1,724,492 8.440% 13,857 -- -- --
88 12/31/95 1,711,875 8.990% 15,509 -- -- --
89 12/31/95 1,693,709 8.980% 14,295 -- -- --
90 12/31/95 1,643,170 9.540% 14,462 -- -- --
91 12/31/95 1,638,417 9.260% 14,142 -- -- --
92 12/31/95 1,595,834 9.210% 13,658 -- -- --
93 12/31/95 1,535,628 8.970% 12,976 -- -- --
94 -- 1,507,998 8.370% 12,035 -- -- B
95 12/31/95 1,487,617 8.630% 14,886 -- -- --
96 12/31/95 1,426,059 9.150% 12,190 -- -- --
97 -- 1,385,113 9.060% 14,250 -- -- --
98 12/31/95 1,382,654 9.190% 11,846 -- -- --
99 -- 1,377,646 9.055% 11,802 -- -- --
100 12/31/95 1,345,209 9.100% 11,422 -- -- --
<FN>
(1) Legend: A. P&I Adv - in Grace Period
B. P&I Adv - less 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
</FN>
</TABLE>
Page - 18
<PAGE>
<TABLE>
LOAN LEVEL DETAIL, Continued
<CAPTION>
Operating Ending Loan
Disclosure Statement Principal Note Scheduled Prepayment Status
Control # Date Balance Rate P&I Prepayment Date Code (1)
<S> <C> <C> <C> <C> <C> <C> <C>
101 12/31/95 1,332,696 9.510% 14,105 -- -- --
102 -- 1,302,323 8.700% 11,715 -- -- --
103 12/31/95 1,297,538 8.660% 10,608 -- -- B
104 -- 1,288,223 8.700% 11,588 -- -- --
105 12/31/95 1,271,623 9.220% 10,461 -- -- --
106 12/31/95 1,244,470 9.180% 11,392 -- -- --
107 05/31/96 1,246,329 8.480% 10,049 -- -- --
108 12/31/96 1,246,556 9.030% 10,085 -- -- --
109 12/31/95 1,241,952 8.950% 10,447 -- -- --
110 12/31/95 1,205,661 9.160% 10,296 -- -- --
111 12/31/95 1,157,307 8.760% 9,134 -- -- --
112 12/31/95 1,095,925 8.920% 9,525 -- -- --
113 -- 1,097,493 8.850% 8,732 -- -- --
114 12/31/95 1,054,481 9.280% 9,100 -- -- --
115 05/31/95 1,045,514 9.350% 9,065 -- -- --
116 12/31/95 1,043,240 8.950% 8,776 -- -- --
117 12/31/95 1,025,345 9.010% 8,651 -- -- --
118 12/31/95 998,222 8.640% 7,789 -- -- --
119 12/31/95 994,583 9.040% 8,419 -- -- --
120 12/31/95 991,414 9.510% 9,328 -- -- --
121 12/31/95 976,044 9.690% 8,692 -- -- --
122 12/31/95 945,657 8.920% 8,499 -- -- --
123 12/31/95 940,040 9.460% 8,221 -- -- --
124 -- 936,501 8.700% 8,424 -- -- --
125 12/31/95 932,074 8.680% 8,221 -- -- --
126 12/31/95 928,304 8.890% 7,735 -- -- --
127 12/31/95 895,035 8.930% 7,510 -- -- --
128 -- 890,754 8.700% 8,013 -- -- --
129 12/31/95 843,795 9.320% 7,823 -- -- --
130 -- 831,405 8.700% 7,479 -- -- --
131 12/31/95 810,601 9.220% 6,968 -- -- --
132 12/31/95 797,914 9.200% 6,823 -- -- --
133 12/31/95 747,988 9.030% 6,309 -- -- --
134 12/31/95 711,442 8.700% 6,400 -- -- --
135 -- 671,596 9.280% 6,268 -- -- --
136 03/31/96 618,851 8.790% 5,114 -- -- --
<FN>
(1) Legend: A. P&I Adv - in Grace Period
B. P&I Adv - less 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
</FN>
</TABLE>
Page - 19
<PAGE>
SPECIALLY SERVICED LOAN DETAIL
Beginning
Disclosure Scheduled Interest Maturity Property
Control # Balance Rate Date Type
<TABLE>
SPECIALLY SERVICED LOAN DETAIL, Continued
<CAPTION>
Specially
Disclosure Serviced
Control # Status Code (1) Comments
<S> <C> <C>
<FN>
(1) Legend :
1) Request for waiver of Prepayment Penalty
2) Payment default
3) Request for Loan Modification or Workout
4) Loan with Borrower Bankruptcy
5) Loan in Process of Foreclosure
6) Loan now REO Property
7) Loans Paid Off
8) Loans Returned to Master Servicer
</FN>
</TABLE>
MODIFIED LOAN DETAIL
Disclosure Modification Modification
Control # Date Description
REALIZED LOSS DETAIL
Dist. Disclosure Appraisal Appraisal
Date Control # Date Value
REALIZED LOSS DETAIL, Continued
Beginning Gross Proceeds
Disclosure Scheduled Gross as a % of
Control # Balance Proceeds Sched Principal
<TABLE>
REALIZED LOSS DETAIL, Continued
<CAPTION>
Aggregate Net Net Proceeds
Disclosure Liquidation Liquidation as a % of Realized
Control # Expenses (1) Proceeds Sched. Balance Loss
<S> <C> <C>
<FN>
(1) Aggregate liquidation expenses also include outstanding P&I advances and
unpaid servicing fees, unpaid trustee fees, etc..
</FN>
</TABLE>
Page - 20
<TABLE>
MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
LOAN PORTFOLIO ANALYSIS SYSTEM - LOAN STATUS
PORTFOLIO: MIDLAND REALTY ACCEPT CORP 1996 C2
REPORTING PERIOD: MARCH, 1997
DATE PRINTED: 26-MAR-97
<CAPTION>
CURRENT
ASSET PRINCIPAL DAYS ENVIRON
NO BALANCE DELINQ LTV DSCR ISSUES ASSET STATUS RESOLUTION TYPE
<S> <C> <C> <C> <C> <C> <C> <C>
001 27,227,986 0 77.8% 1.66 N/A PERFORMING PERFORM TO MATURITY
002 17,538,487 0 54.8% 1.28 N/A PERFORMING PERFORM TO MATURITY
003 16,858,896 0 75.6% 1.23 N/A PERFORMING PERFORM TO MATURITY
004 12,300,426 0 71.9% 1.28 N/A PERFORMING PERFORM TO MATURITY
005 11,665,411 0 64.6% 1.50 N/A PERFORMING PERFORM TO MATURITY
006 10,664,076 0 71.1% 1.32 N/A PERFORMING PERFORM TO MATURITY
007 10,246,227 0 59.9% 1.36 N/A PERFORMING PERFORM TO MATURITY
008 10,179,935 0 72.2% 1.60 N/A PERFORMING PERFORM TO MATURITY
009 10,019,168 0 74.8% 1.01 N/A PERFORMING PERFORM TO MATURITY
010 9,780,500 0 79.5% 1.13 N/A PERFORMING PERFORM TO MATURITY
011 8,989,209 0 84.8% 1.05 N/A PERFORMING PERFORM TO MATURITY
012 8,899,083 0 58.5% 1.64 N/A PERFORMING PERFORM TO MATURITY
013 8,633,589 0 70.8% 1.34 N/A PERFORMING PERFORM TO MATURITY
014 8,483,334 0 70.7% 1.55 N/A PERFORMING PERFORM TO MATURITY
015 8,377,253 0 74.6% 1.49 N/A PERFORMING PERFORM TO MATURITY
016 7,810,584 0 40.7% 2.97 N/A PERFORMING PERFORM TO MATURITY
017 7,828,519 0 74.6% 1.29 N/A PERFORMING PERFORM TO MATURITY
018 7,695,936 0 78.1% 1.31 N/A PERFORMING PERFORM TO MATURITY
019 7,678,649 0 72.6% 1.55 N/A PERFORMING PERFORM TO MATURITY
020 7,477,112 0 62.3% 1.37 N/A PERFORMING PERFORM TO MATURITY
021 7,456,143 0 78.5% 1.12 N/A PERFORMING PERFORM TO MATURITY
022 7,081,464 0 67.4% 2.20 N/A PERFORMING PERFORM TO MATURITY
023 6,961,004 0 65.7% 1.38 N/A PERFORMING PERFORM TO MATURITY
024 6,287,616 0 79.6% 0.93 N/A PERFORMING PERFORM TO MATURITY
025 6,045,360 0 72.8% 1.56 N/A PERFORMING PERFORM TO MATURITY
026 5,638,735 0 74.2% 1.43 N/A PERFORMING PERFORM TO MATURITY
027 5,618,147 0 67.7% 1.59 N/A PERFORMING PERFORM TO MATURITY
028 5,510,911 0 73.0% 1.32 N/A PERFORMING PERFORM TO MATURITY
029 5,178,041 0 67.7% 1.28 N/A PERFORMING PERFORM TO MATURITY
030 5,088,207 0 78.5% 1.18 N/A PERFORMING PERFORM TO MATURITY
031 5,032,343 0 34.2% 1.55 N/A PERFORMING PERFORM TO MATURITY
032 4,984,629 0 77.9% 1.40 N/A PERFORMING PERFORM TO MATURITY
033 4,986,067 0 71.2% 1.58 N/A PERFORMING PERFORM TO MATURITY
034 4,840,568 0 65.4% 1.40 N/A PERFORMING PERFORM TO MATURITY
035 4,794,547 0 63.9% 1.12 N/A PERFORMING PERFORM TO MATURITY
036 4,625,748 0 75.8% 1.47 N/A PERFORMING PERFORM TO MATURITY
037 4,628,434 0 79.1% 0.99 N/A PERFORMING PERFORM TO MATURITY
038 4,605,571 0 66.7% 1.55 N/A PERFORMING PERFORM TO MATURITY
039 4,535,580 0 78.5% 1.74 N/A PERFORMING PERFORM TO MATURITY
040 4,536,225 0 73.2% 1.61 N/A PERFORMING PERFORM TO MATURITY
041 4,472,914 0 68.8% 1.27 N/A PERFORMING PERFORM TO MATURITY
042 4,461,857 0 72.3% 1.44 N/A PERFORMING PERFORM TO MATURITY
043 4,384,970 0 65.8% 1.43 N/A PERFORMING PERFORM TO MATURITY
044 4,141,644 0 66.8% 1.50 N/A PERFORMING PERFORM TO MATURITY
045 4,089,752 0 73.6% 1.48 N/A PERFORMING PERFORM TO MATURITY
046 3,670,551 0 54.1% 1.63 N/A PERFORMING PERFORM TO MATURITY
047 3,431,712 0 70.0% 1.44 N/A PERFORMING PERFORM TO MATURITY
048 3,406,775 0 55.8% 1.51 N/A PERFORMING PERFORM TO MATURITY
049 3,388,191 0 72.1% 1.45 N/A PERFORMING PERFORM TO MATURITY
050 3,243,854 0 53.2% 1.74 N/A PERFORMING PERFORM TO MATURITY
051 3,230,200 0 53.0% 1.51 N/A PERFORMING PERFORM TO MATURITY
052 3,191,599 0 69.4% 1.54 N/A PERFORMING PERFORM TO MATURITY
053 3,191,053 0 73.4% 1.04 N/A PERFORMING PERFORM TO MATURITY
054 3,194,174 0 67.2% 1.42 N/A PERFORMING PERFORM TO MATURITY
</TABLE>
Page - 21
<PAGE>
<TABLE>
<CAPTION>
CURRENT
ASSET PRINCIPAL DAYS ENVIRON
NO BALANCE DELINQ LTV DSCR ISSUES ASSET STATUS RESOLUTION TYPE
<S> <C> <C> <C> <C> <C> <C> <C>
055 3,163,296 0 72.4% 1.28 N/A PERFORMING PERFORM TO MATURITY
056 3,131,630 0 68.4% 1.37 N/A PERFORMING PERFORM TO MATURITY
057 3,091,629 0 64.3% 1.52 N/A PERFORMING PERFORM TO MATURITY
058 2,880,286 0 84.5% 1.23 N/A PERFORMING PERFORM TO MATURITY
059 2,866,935 0 73.5% 0.94 N/A PERFORMING PERFORM TO MATURITY
060 2,784,856 0 55.7% 1.53 N/A PERFORMING PERFORM TO MATURITY
061 2,719,646 0 76.6% 1.39 N/A PERFORMING PERFORM TO MATURITY
062 2,690,338 0 67.3% 1.01 N/A PERFORMING PERFORM TO MATURITY
063 2,620,109 0 73.8% 1.34 N/A PERFORMING PERFORM TO MATURITY
064 2,522,557 16 63.1% 1.70 N/A PERFORMING PERFORM TO MATURITY
065 2,494,195 0 55.8% 1.73 N/A PERFORMING PERFORM TO MATURITY
066 2,492,753 0 73.3% 1.70 N/A PERFORMING PERFORM TO MATURITY
067 2,423,720 0 71.3% 1.74 N/A PERFORMING PERFORM TO MATURITY
068 2,388,406 0 79.6% 1.46 N/A PERFORMING PERFORM TO MATURITY
069 2,345,417 0 64.3% 1.14 N/A PERFORMING PERFORM TO MATURITY
070 2,305,482 0 70.9% 1.34 N/A PERFORMING PERFORM TO MATURITY
071 2,243,392 0 72.8% 1.35 N/A PERFORMING PERFORM TO MATURITY
072 2,235,907 0 74.5% 1.50 N/A PERFORMING PERFORM TO MATURITY
073 2,181,629 0 72.7% 1.32 N/A PERFORMING PERFORM TO MATURITY
074 2,105,136 0 56.1% 1.25 N/A PERFORMING PERFORM TO MATURITY
075 2,094,301 0 69.8% 1.55 N/A PERFORMING PERFORM TO MATURITY
076 1,957,774 0 43.7% 1.73 N/A PERFORMING PERFORM TO MATURITY
077 1,944,752 0 64.8% 1.79 N/A PERFORMING PERFORM TO MATURITY
078 1,941,445 0 70.9% 1.37 N/A PERFORMING PERFORM TO MATURITY
079 1,921,395 0 67.7% 1.79 N/A PERFORMING PERFORM TO MATURITY
080 1,894,766 0 72.9% 1.44 N/A PERFORMING PERFORM TO MATURITY
081 1,841,262 0 74.4% 1.24 N/A PERFORMING PERFORM TO MATURITY
082 1,834,057 0 76.7% 1.30 N/A PERFORMING PERFORM TO MATURITY
083 1,791,207 0 66.3% 0.69 N/A PERFORMING PERFORM TO MATURITY
084 1,765,826 0 65.4% 1.65 N/A PERFORMING PERFORM TO MATURITY
085 1,756,650 0 67.6% 1.38 N/A PERFORMING PERFORM TO MATURITY
086 1,737,601 0 73.9% 1.31 N/A PERFORMING PERFORM TO MATURITY
087 1,724,492 0 69.0% 1.93 N/A PERFORMING PERFORM TO MATURITY
088 1,711,875 0 69.9% 1.51 N/A PERFORMING PERFORM TO MATURITY
089 1,693,709 0 70.6% 1.68 N/A PERFORMING PERFORM TO MATURITY
090 1,643,170 0 56.7% 1.99 N/A PERFORMING PERFORM TO MATURITY
091 1,638,417 0 63.0% 1.58 N/A PERFORMING PERFORM TO MATURITY
092 1,595,834 0 62.6% 1.71 N/A PERFORMING PERFORM TO MATURITY
093 1,535,628 0 67.9% 1.59 N/A PERFORMING PERFORM TO MATURITY
094 1,509,504 16 68.6% 1.27 N/A PERFORMING PERFORM TO MATURITY
095 1,487,617 0 59.0% 1.06 N/A PERFORMING PERFORM TO MATURITY
096 1,426,059 0 72.7% 1.47 N/A PERFORMING PERFORM TO MATURITY
097 1,385,113 0 63.0% 1.43 N/A PERFORMING PERFORM TO MATURITY
098 1,382,654 0 67.4% 1.41 N/A PERFORMING PERFORM TO MATURITY
099 1,377,646 0 67.2% 1.45 N/A PERFORMING PERFORM TO MATURITY
100 1,345,209 0 59.8% 1.68 N/A PERFORMING PERFORM TO MATURITY
101 1,332,696 0 56.2% 1.57 N/A PERFORMING PERFORM TO MATURITY
102 1,302,323 0 59.2% 1.58 N/A PERFORMING PERFORM TO MATURITY
103 1,298,773 16 77.3% 1.43 N/A PERFORMING PERFORM TO MATURITY
104 1,288,223 0 57.3% 1.58 N/A PERFORMING PERFORM TO MATURITY
105 1,271,623 0 84.8% 1.52 N/A PERFORMING PERFORM TO MATURITY
106 1,244,470 0 66.6% 1.39 N/A PERFORMING PERFORM TO MATURITY
107 1,246,329 0 73.3% 1.46 N/A PERFORMING PERFORM TO MATURITY
108 1,246,556 0 69.3% 1.12 N/A PERFORMING PERFORM TO MATURITY
109 1,241,952 0 63.8% 1.51 N/A PERFORMING PERFORM TO MATURITY
110 1,205,661 0 61.8% 1.55 N/A PERFORMING PERFORM TO MATURITY
111 1,157,307 0 64.3% 1.71 N/A PERFORMING PERFORM TO MATURITY
112 1,095,925 0 74.6% 1.49 N/A PERFORMING PERFORM TO MATURITY
113 1,097,493 0 52.0% 1.33 N/A PERFORMING PERFORM TO MATURITY
114 1,054,481 0 351.5% 0.72 N/A PERFORMING PERFORM TO MATURITY
115 1,045,514 0 67.5% 1.27 N/A PERFORMING PERFORM TO MATURITY
116 1,043,240 0 62.8% 1.69 N/A PERFORMING PERFORM TO MATURITY
</TABLE>
Page - 22
<PAGE>
<TABLE>
<CAPTION>
CURRENT
ASSET PRINCIPAL DAYS ENVIRON
NO BALANCE DELINQ LTV DSCR ISSUES ASSET STATUS RESOLUTION TYPE
<S> <C> <C> <C> <C> <C> <C> <C>
117 1,025,345 0 67.5% 1.85 N/A PERFORMING PERFORM TO MATURITY
118 998,222 0 38.5% 1.33 N/A PERFORMING PERFORM TO MATURITY
119 994,583 0 39.8% 1.83 N/A PERFORMING PERFORM TO MATURITY
120 991,414 0 58.3% 1.46 N/A PERFORMING PERFORM TO MATURITY
121 976,044 0 72.3% 1.49 N/A PERFORMING PERFORM TO MATURITY
122 945,657 0 67.5% 1.44 N/A PERFORMING PERFORM TO MATURITY
123 940,040 0 73.7% 1.34 N/A PERFORMING PERFORM TO MATURITY
124 936,501 0 58.2% 1.58 N/A PERFORMING PERFORM TO MATURITY
125 932,074 0 40.5% 1.90 N/A PERFORMING PERFORM TO MATURITY
126 928,304 0 74.3% 1.71 N/A PERFORMING PERFORM TO MATURITY
127 895,035 0 74.6% 1.42 N/A PERFORMING PERFORM TO MATURITY
128 890,754 0 59.4% 1.58 N/A PERFORMING PERFORM TO MATURITY
129 843,795 0 44.4% 1.92 N/A PERFORMING PERFORM TO MATURITY
130 831,405 0 55.1% 1.58 N/A PERFORMING PERFORM TO MATURITY
131 810,601 0 71.7% 2.14 N/A PERFORMING PERFORM TO MATURITY
132 797,914 0 66.5% 1.51 N/A PERFORMING PERFORM TO MATURITY
133 747,988 0 66.5% 1.98 N/A PERFORMING PERFORM TO MATURITY
134 711,442 0 55.8% 1.58 N/A PERFORMING PERFORM TO MATURITY
135 671,596 0 32.0% 2.77 N/A PERFORMING PERFORM TO MATURITY
136 618,851 0 56.3% 1.54 N/A PERFORMING PERFORM TO MATURITY
- -- ----------- --- ------ ---- --- ------------------------- ------------------------------
TOTAL 510,574,377
===========
</TABLE>
Page - 23
<PAGE>
<TABLE>
MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
LOAN PORTFOLIO ANALYSIS SYSTEM - LOAN TERMS
PORTFOLIO: MIDLAND REALTY ACCEPT CORP 1996 C2
REPORTING PERIOD: MARCH, 1997
DATE PRINTED: 26-MAR-97
<CAPTION>
REMAIN
CURRENT ORIG LOAN INT
ASSET PRINCIPAL NOTE LOAN AMORT TERM IN INT RATE
NO BALANCE DATE DATE MONTHS RATE TYPE PAYMENT
<S> <C> <C> <C> <C> <C> <C> <C>
001 27,227,986 1/4/96 2/1/2026 107 7.610% F 194,343
002 17,538,487 3/13/96 4/1/2011 73 8.590% F 175,493
003 16,858,896 11/12/96 12/1/2026 117 8.470% F 129,511
004 12,300,426 2/29/96 3/1/2021 72 8.540% F 100,587
005 11,665,411 11/22/96 12/1/2021 117 8.440% F 93,739
006 10,664,076 11/22/96 12/1/2019 117 8.890% F 91,156
007 10,246,227 11/8/95 12/1/2015 68 8.830% F 93,326
008 10,179,935 12/5/96 1/1/2022 118 8.430% F 81,653
009 10,019,168 9/27/96 10/1/2026 115 9.180% F 82,137
010 9,780,500 11/22/96 12/1/2026 117 8.090% F 72,525
011 8,989,209 10/11/96 11/1/2026 176 8.790% F 71,139
012 8,899,083 12/9/96 1/1/2022 142 8.650% F 72,698
013 8,633,589 5/22/96 6/1/2021 111 9.490% F 75,951
014 8,483,334 11/27/96 1/1/2022 142 8.450% F 68,158
015 8,377,253 11/25/96 12/1/2026 57 7.790% F 60,375
016 7,810,584 11/2/95 12/1/2015 105 9.000% F 71,978
017 7,828,519 11/13/96 12/1/2021 117 8.910% F 65,394
018 7,695,936 7/31/96 8/1/2026 113 9.188% F 63,202
019 7,678,649 11/21/96 12/1/2021 117 8.830% F 63,724
020 7,477,112 12/5/96 1/1/2017 142 8.880% F 66,902
021 7,456,143 10/31/96 11/1/2026 176 8.900% F 59,593
022 7,081,464 10/11/96 11/1/2016 140 8.930% F 63,785
023 6,961,004 8/23/96 9/1/2021 114 8.870% F 58,122
024 6,287,616 12/4/96 1/1/2027 82 8.150% F 46,888
025 6,045,360 9/20/96 10/1/2021 115 9.190% F 51,748
026 5,638,735 11/23/96 12/1/2026 117 8.080% F 41,773
027 5,618,147 12/3/96 1/1/2027 118 8.490% F 43,212
028 5,510,911 6/14/96 7/1/2021 112 9.240% F 47,491
029 5,178,041 9/19/96 10/1/2021 139 9.420% F 45,143
030 5,088,207 10/24/96 11/1/2026 116 8.780% F 40,231
031 5,032,343 10/3/96 11/1/2021 140 9.190% F 43,038
032 4,984,629 11/26/96 12/1/2021 117 8.200% F 39,256
033 4,986,067 11/22/96 12/1/2021 117 8.800% F 41,277
034 4,840,568 12/5/96 1/1/2022 82 8.500% F 39,054
035 4,794,547 8/10/95 9/1/2020 101 9.230% F 41,681
036 4,625,748 8/16/96 9/1/2021 114 9.270% F 39,886
037 4,628,434 8/9/96 9/1/2026 114 8.680% F 36,310
038 4,605,571 8/19/96 9/1/2021 114 9.200% F 39,491
039 4,535,580 8/30/96 9/1/2021 114 9.110% F 38,611
040 4,536,225 8/23/96 9/1/2026 114 8.820% F 36,038
041 4,472,914 10/3/96 4/1/2011 169 8.970% F 46,701
042 4,461,857 11/6/96 12/1/2021 57 8.480% F 35,974
043 4,384,970 10/8/96 11/1/2021 80 9.330% F 37,924
044 4,141,644 12/26/95 1/1/2021 105 8.640% F 34,217
045 4,089,752 10/31/96 11/1/2026 116 8.400% F 31,235
046 3,670,551 6/3/96 7/1/2021 292 8.490% F 29,768
047 3,431,712 10/24/96 11/1/2026 116 8.580% F 26,646
048 3,406,775 11/22/96 12/1/2021 141 8.990% F 28,644
049 3,388,191 10/24/96 11/1/2021 116 9.230% F 29,070
050 3,243,854 12/4/96 1/1/2022 118 8.670% F 26,543
051 3,230,200 11/25/96 12/1/2021 117 8.300% F 25,654
052 3,191,599 11/1/96 12/1/2021 129 9.160% F 27,206
053 3,191,053 11/22/96 12/1/2021 117 8.780% F 26,374
054 3,194,174 12/13/96 1/1/2022 82 8.900% F 26,635
</TABLE>
Page - 24
<PAGE>
<TABLE>
<CAPTION>
REMAIN
CURRENT ORIG LOAN INT
ASSET PRINCIPAL NOTE LOAN AMORT TERM IN INT RATE
NO BALANCE DATE DATE MONTHS RATE TYPE PAYMENT
<S> <C> <C> <C> <C> <C> <C> <C>
055 3,163,296 10/24/96 11/1/2021 116 8.870% F 26,362
056 3,131,630 7/26/96 8/1/2021 108 9.550% F 27,631
057 3,091,629 11/22/96 12/1/2021 141 8.990% F 25,994
058 2,880,286 9/27/96 10/1/2026 139 9.180% F 23,613
059 2,866,935 11/21/96 12/1/2021 117 8.760% F 23,656
060 2,784,856 8/16/96 9/1/2021 114 9.050% F 23,593
061 2,719,646 8/7/96 9/1/2021 114 9.230% F 23,376
062 2,690,338 10/21/96 11/1/2021 116 9.050% F 22,751
063 2,620,109 12/4/96 1/1/2022 118 8.760% F 21,599
064 2,522,557 12/4/96 1/1/2022 118 8.510% F 20,349
065 2,494,195 8/26/96 9/1/2013 114 9.440% F 24,897
066 2,492,753 11/14/96 12/1/2021 117 8.560% F 20,232
067 2,423,720 8/16/96 9/1/2021 114 8.780% F 20,089
068 2,388,406 11/15/96 12/1/2016 141 8.480% F 20,797
069 2,345,417 7/12/96 8/1/2021 113 9.200% F 20,129
070 2,305,482 5/3/96 6/1/2021 111 8.910% F 19,368
071 2,243,392 11/14/96 12/1/2021 117 8.480% F 18,087
072 2,235,907 9/13/96 10/1/2021 115 9.670% F 19,880
073 2,181,629 10/31/96 11/1/2021 176 8.650% F 17,856
074 2,105,136 4/17/96 5/1/2021 110 8.920% F 17,717
075 2,094,301 11/6/96 12/1/2021 117 8.960% F 17,566
076 1,957,774 10/25/96 11/1/2006 116 8.820% F 25,141
077 1,944,752 11/25/96 12/1/2021 117 9.010% F 16,378
078 1,941,445 9/27/96 10/1/2021 139 9.190% F 16,619
079 1,921,395 11/26/96 1/1/2022 94 8.730% F 15,800
080 1,894,766 11/19/96 12/1/2021 117 8.870% F 15,776
081 1,841,262 11/11/96 12/1/2016 141 8.660% F 16,243
082 1,834,057 9/27/96 10/1/2026 163 9.150% F 14,996
083 1,791,207 11/25/96 12/1/2016 141 8.390% F 15,496
084 1,765,826 8/5/96 9/1/2021 138 9.325% F 15,293
085 1,756,650 12/4/96 1/1/2022 118 8.630% F 14,327
086 1,737,601 5/31/96 6/1/2016 75 9.700% F 16,636
087 1,724,492 11/27/96 12/1/2021 117 8.440% F 13,857
088 1,711,875 9/27/96 10/1/2016 115 8.990% F 15,509
089 1,693,709 7/1/96 7/1/2021 112 8.980% F 14,295
090 1,643,170 9/25/96 10/1/2021 139 9.540% F 14,462
091 1,638,417 6/7/96 7/1/2021 112 9.260% F 14,142
092 1,595,834 11/14/96 12/1/2021 117 9.210% F 13,658
093 1,535,628 4/4/96 5/1/2021 111 8.970% F 12,976
094 1,509,504 12/6/96 1/1/2022 118 8.370% F 12,035
095 1,487,617 11/22/96 12/1/2011 177 8.630% F 14,886
096 1,426,059 7/11/96 8/1/2021 113 9.150% F 12,190
097 1,385,113 10/30/96 11/1/2011 176 9.060% F 14,250
098 1,382,654 8/14/96 9/1/2021 138 9.190% F 11,846
099 1,377,646 9/18/95 10/1/2020 66 9.055% F 11,802
100 1,345,209 10/31/96 11/1/2021 116 9.100% F 11,422
101 1,332,696 9/3/96 10/1/2011 139 9.510% F 14,105
102 1,302,323 1/26/96 2/1/2016 107 8.700% F 11,715
103 1,298,773 12/6/96 1/1/2022 118 8.660% F 10,608
104 1,288,223 1/26/96 2/1/2016 107 8.700% F 11,588
105 1,271,623 9/27/96 10/1/2026 235 9.220% F 10,461
106 1,244,470 11/15/96 12/1/2016 141 9.180% F 11,392
107 1,246,329 11/21/96 12/1/2021 117 8.480% F 10,049
108 1,246,556 9/12/96 10/1/2026 115 9.030% F 10,085
109 1,241,952 7/11/96 8/1/2021 113 8.950% F 10,447
110 1,205,661 9/30/96 10/1/2021 115 9.160% F 10,296
111 1,157,307 10/28/96 11/1/2026 140 8.760% F 9,134
112 1,095,925 11/6/96 12/1/2018 177 8.920% F 9,525
113 1,097,493 10/21/96 11/1/2026 176 8.850% F 8,732
114 1,054,481 8/29/96 9/1/2021 174 9.280% F 9,100
115 1,045,514 9/26/96 10/1/2021 139 9.350% F 9,065
116 1,043,240 7/11/96 8/1/2021 113 8.950% F 8,776
</TABLE>
Page - 25
<PAGE>
<TABLE>
<CAPTION>
REMAIN
CURRENT ORIG LOAN INT
ASSET PRINCIPAL NOTE LOAN AMORT TERM IN INT RATE
NO BALANCE DATE DATE MONTHS RATE TYPE PAYMENT
<S> <C> <C> <C> <C> <C> <C> <C>
117 1,025,345 9/27/96 10/1/2021 175 9.010% F 8,651
118 998,222 11/13/96 12/1/2026 177 8.640% F 7,789
119 994,583 8/20/96 9/1/2021 114 9.040% F 8,419
120 991,414 8/27/96 9/1/2016 138 9.510% F 9,328
121 976,044 9/10/96 10/1/2021 115 9.690% F 8,692
122 945,657 11/20/96 12/1/2016 117 8.920% F 8,499
123 940,040 9/26/96 10/1/2021 115 9.460% F 8,221
124 936,501 1/26/96 2/1/2016 107 8.700% F 8,424
125 932,074 12/4/96 1/1/2017 82 8.680% F 8,221
126 928,304 12/3/96 1/1/2022 118 8.890% F 7,735
127 895,035 8/22/96 12/1/2014 114 8.930% F 7,510
128 890,754 1/26/96 2/1/2016 107 8.700% F 8,013
129 843,795 9/5/96 10/1/2016 115 9.320% F 7,823
130 831,405 1/26/96 2/1/2016 107 8.700% F 7,479
131 810,601 7/29/96 8/1/2021 113 9.220% F 6,968
132 797,914 11/15/96 12/1/2021 117 9.200% F 6,823
133 747,988 11/13/96 12/1/2021 117 9.030% F 6,309
134 711,442 1/26/96 2/1/2016 107 8.700% F 6,400
135 671,596 3/14/96 4/1/2016 109 9.280% F 6,268
136 618,851 12/9/96 1/1/2022 118 8.790% F 5,114
- -- ----------- ---------- ---------- ---- -------- --- -------
TOTAL 510,574,377
===========
</TABLE>
Page - 26
<PAGE>
<TABLE>
MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
LOAN PORTFOLIO ANALYSIS SYSTEM - PROPERTY DESCRIPTION
PORTFOLIO: MIDLAND REALTY ACCEPT CORP 1996 C2
REPORTING PERIOD: MARCH, 1997
DATE PRINTED: 26-MAR-97
<CAPTION>
ASSET PROP YEAR PROPERTY VALUATION VALUATION
NO NO PROPERTY TYPE CITY STATE ZIP BUILT UNITS NET SF VALUE DATE SOURCE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
001 1 MULTI-FAMILY DENVER CO 80074 1974 958 663,979 35,000,000 12/12/95 MAI APPRAISAL
002 1 RETAIL WAYNE PA 19087 1967 52 222,145 32,000,000 10/25/96 MAI APPRAISAL
003 1 MIXED USE ST LOUIS MO 63102 1965 411 N/A 22,300,000 07/30/96 APPRAISAL (NON-
004 1 MIXED USE KENDALL FL 33143 1972 N/A 119,179 17,100,000 12/18/96 PROSPECTUS
005 1 INDUSTRIAL FREMONT CA 94538 1987 1 152,928 18,060,000 10/11/96 MAI APPRAISAL
006 1 RETAIL BRONX NY 10476 1994 N/A N/A 15,000,000 10/01/96 MAI APPRAISAL
007 1 WAREHOUSE PERTH AMBOY NJ 08861 1945 N/A N/A 17,100,000 09/01/95 MAI APPRAISAL
008 1 RETAIL LAREDO TX 78041 1992 N/A 206,524 14,100,000 10/25/96 MAI APPRAISAL
009 1 OFFICE FULLERTON CA 92835 1992 N/A 69,699 13,400,000 08/21/96 MAI APPRAISAL
010 1 MULTI-FAMILY HENDERSON NV 89105 1985 260 246,816 12,300,000 11/01/96 MAI APPRAISAL
011 1 MULTI-FAMILY PALMDALE CA 93550 1993 304 283,300 10,600,000 08/31/96 MAI APPRAISAL
012 1 RETAIL BOURNE MA 02561 1972 N/A 96,049 15,200,000 10/17/96 MAI APPRAISAL
013 1 RETAIL PORT HURON MI 48060 1993 1 193,950 12,200,000 02/26/96 MAI APPRAISAL
014 1 RETAIL GARDEN GROVE CA 92643 1985 N/A 131,323 12,000,000 09/27/96 MAI APPRAISAL
015 1 MULTI-FAMILY EVERETT WA 98208 1986 264 227,568 11,225,000 11/14/96 MAI APPRAISAL
016 1 LODGING ANAHEIM CA 92802 1968 313 N/A 19,200,000 07/26/95 MAI APPRAISAL
017 1 OFFICE RIVERSIDE CA 92507 1988 N/A 110,209 10,500,000 08/19/96 MAI APPRAISAL
018 1 MULTI-FAMILY LAUREL MD 20707 1969 218 201,704 9,850,000 06/27/96 MAI APPRAISAL
019 1 RETAIL MALONE NY 14226 1991 N/A 179,247 10,580,000 10/03/96 MAI APPRAISAL
020 1 RETAIL LIVONIA MI 48152 1995 N/A N/A 12,000,000 11/01/96 MAI APPRAISAL
021 1 MULTI-FAMILY WINTER PARK FL 32792 1986 238 196,316 9,500,000 10/07/96 MAI APPRAISAL
022 1 OFFICE BALTIMORE MD 21201 1963 N/A 290,176 10,500,000 09/23/96 MAI APPRAISAL
023 1 RETAIL STONEHAM MA 02810 1995 1 N/A 10,600,000 04/08/96 MAI APPRAISAL
024 1 MULTI-FAMILY ORLANDO FL 32839 1973 318 276,145 7,900,000 11/05/96 MAI APPRAISAL
025 1 RETAIL YUMA AZ 85634 1970 N/A N/A 8,300,000 04/15/96 MAI APPRAISAL
026 1 MULTI-FAMILY BEDFORD TX 76021 1984 284 202,956 7,600,000 11/13/96 MAI APPRAISAL
027 1 MULTI-FAMILY HOUSTON TX 77058 1979 244 226,704 8,300,000 10/12/96 MAI APPRAISAL
028 1 MULTI-FAMILY AUBURN HILLS MI 48326 1971 280 232,000 7,550,000 11/30/95 MAI APPRAISAL
029 1 INDUSTRIAL RANCHO BERNARDO CA 92127 1988 1 N/A 7,650,000 07/15/96 MAI APPRAISAL
030 1 MULTI-FAMILY GRAPEVINE TX 76051 1983 200 167,840 6,480,000 08/01/96 MAI APPRAISAL
031 1 OFFICE SAN ANTONIO TX 78216 1981 N/A N/A 14,700,000 07/20/96 MAI APPRAISAL
032 1 MULTI-FAMILY WETHERSFIELD CT 06109 1963 163 140,990 6,400,000 10/16/96 MAI APPRAISAL
033 1 RETAIL QUEENSBURY NY 12845 1987 N/A 52,230 7,000,000 10/11/96 MAI APPRAISAL
034 1 OFFICE ALBUQUERQUE NM 87110 1983 N/A 77,488 7,400,000 11/06/96 MAI APPRAISAL
035 1 RETAIL MIDLOTHIAN VA 23113 1991 N/A 65,429 7,500,000 07/24/96 MAI APPRAISAL
036 1 RETAIL HOUSTON TX 77090 1981 N/A 126,429 6,100,000 07/26/96 MAI APPRAISAL
037 1 MULTI-FAMILY TULSA OK 74105 1977 232 140,104 5,850,000 07/16/96 MAI APPRAISAL
038 1 RETAIL LANGLEY PARK MD 20783 1950 N/A 76,475 6,900,000 07/25/96 APPRAISAL (NON-
039 1 MULTI-FAMILY BRISTOL CT 06010 1970 N/A N/A 5,775,000 07/10/96 MAI APPRAISAL
040 1 MULTI-FAMILY LEON VALLEY TX 78238 1983 250 193,394 6,200,000 07/09/96 MAI APPRAISAL
041 1 MULTI-FAMILY MIAMI FL 33157 1981 210 115,920 6,500,000 11/26/95 MAI APPRAISAL
042 1 MULTI-FAMILY FALLBROOK CA 92028 1990 N/A N/A 6,175,000 07/16/96 MAI APPRAISAL
043 2 INDUSTRIAL HIALEAH FL 33142 1959 N/A 237,795 6,660,000 02/15/96 MAI APPRAISAL
044 1 RETAIL CARROLLTON TX 75006 1986 N/A 71,990 6,200,000 09/14/95 MAI APPRAISAL
045 1 MULTI-FAMILY SAN ANTONIO TX 78232 1984 204 140,184 5,560,000 07/30/96 MAI APPRAISAL
046 1 MULTI-FAMILY MIAMI FL 33173 1970 334 206,402 6,780,000 04/04/96 MAI APPRAISAL
047 1 MULTI-FAMILY SAN ANTONIO TX 78233 1982 164 148,060 4,900,000 07/30/96 MAI APPRAISAL
048 1 RETAIL WESTMINSTER CO 80030 1994 1 N/A 6,100,000 12/18/96 PROSPECTUS
049 1 RETAIL CORPUS CHRISTI TX 78412 1986 16 51,120 4,700,000 09/05/96 MAI APPRAISAL
050 1 RETAIL STERLING VA 20166 1989 N/A 71,704 6,100,000 11/10/96 MAI APPRAISAL
051 1 MULTI-FAMILY TEXAS CITY TX 77590 1984 N/A N/A 6,100,000 12/18/96 PROSPECTUS
052 1 OFFICE LANDOVER MD 20785 1988 N/A 58,245 4,600,000 10/10/96 MAI APPRAISAL
</TABLE>
Page - 27
<PAGE>
<TABLE>
<CAPTION>
ASSET PROP YEAR PROPERTY VALUATION VALUATION
NO NO PROPERTY TYPE CITY STATE ZIP BUILT UNITS NET SF VALUE DATE SOURCE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
053 1 RETAIL DALLAS TX 75287 1986 N/A 53,551 4,350,000 10/31/96 MAI APPRAISAL
054 1 INDUSTRIAL ORANGEBURG NY 10962 1961 N/A 102,560 4,750,000 09/23/96 MAI APPRAISAL
055 1 MULTI-FAMILY SPOKANE WA 99204 1995 102 84,708 4,370,000 08/19/96 MAI APPRAISAL
056 1 INDUSTRIAL CANTON MA 02021 1991 N/A N/A 4,580,000 03/29/96 MAI APPRAISAL
057 1 RETAIL GLENDALE AZ 85308 1994 1 N/A 4,810,000 12/18/96 PROSPECTUS
058 1 MIXED USE SALT LAKE CITY UT 84111 1910 N/A 62,048 3,410,000 09/10/96 MAI APPRAISAL
059 1 RETAIL BAKERSFIELD CA 93306 1984 N/A 39,460 3,900,000 09/09/96 MAI APPRAISAL
060 1 OFFICE ROSEVILLE MN 55113 1974 N/A 83,364 5,000,000 07/31/96 MAI APPRAISAL
061 1 MULTI-FAMILY WESTLAND MI 48185 1974 144 103,200 3,550,000 11/29/95 MAI APPRAISAL
062 1 RETAIL DILLON CO 80435 1982 N/A 24,029 4,000,000 09/01/96 MAI APPRAISAL
063 1 OFFICE WEST ST PAUL MN 55118 1988 N/A 64,417 3,550,000 10/24/96 MAI APPRAISAL
064 1 OFFICE BETHESDA MD 20817 1982 N/A 23,599 4,000,000 11/01/96 MAI APPRAISAL
065 1 MIXED USE DAVIS CA 95616 1986 N/A N/A 4,470,000 05/24/96 MAI APPRAISAL
066 1 MULTI-FAMILY NEWPORT NEWS VA 23608 1970 140 136,320 3,400,000 10/04/96 MAI APPRAISAL
067 1 MULTI-FAMILY CARROLLTON TX 75006 1969 172 N/A 3,400,000 07/25/96 MAI APPRAISAL
068 1 MULTI-FAMILY RINGGOLD GA 30736 1990 69 N/A 1,500,000 09/26/96 MAI APPRAISAL
068 3 MULTI-FAMILY EAST RIDGE TN 37412 1989 60 36,000 1,500,000 09/26/96 MAI APPRAISAL
069 1 MULTI-FAMILY ORLANDO FL 32810 1975 176 166,832 3,650,000 04/15/96 MAI APPRAISAL
070 1 MULTI-FAMILY ANN ARBOR MI 48104 1972 120 90,020 3,250,000 12/28/95 MAI APPRAISAL
071 1 MULTI-FAMILY EULESS TX 76040 1968 N/A 146,056 3,080,000 10/30/96 MAI APPRAISAL
072 1 OFFICE BLOOMFIELD CT 06002 1989 N/A 43,049 3,000,000 07/25/96 MAI APPRAISAL
073 1 MULTI-FAMILY WINTER PARK FL 32792 1973 111 93,800 3,000,000 10/02/96 MAI APPRAISAL
074 1 MULTI-FAMILY EAST POINT GA 30344 1969 128 184,104 3,750,000 12/19/95 MAI APPRAISAL
075 1 RETAIL GAITHERSBURG MD 20879 1991 N/A 16,400 3,000,000 10/16/96 MAI APPRAISAL
076 1 MANUFACTURED HOU GLENN HEIGHTS TX 75154 1982 N/A N/A 4,480,000 09/30/96 MAI APPRAISAL
077 1 OFFICE LAS VEGAS NV 89121 1983 N/A 35,178 3,000,000 10/20/96 MAI APPRAISAL
078 1 RETAIL SAN ANTONIO TX 78216 1975 N/A 29,609 2,740,000 07/17/96 MAI APPRAISAL
079 1 RETAIL HOUSTON TX 77035 1982 N/A 142,370 2,840,000 10/18/96 MAI APPRAISAL
080 1 WAREHOUSE IRWINDALE CA 91010 1978 N/A 69,304 2,600,000 07/26/96 MAI APPRAISAL
081 1 MULTI-FAMILY TEMPE AZ 85252 1980 82 57,984 2,475,000 08/22/96 MAI APPRAISAL
082 1 MIXED USE SANTA ROSA CA 95401 1922 77 N/A 2,390,000 09/05/96 MAI APPRAISAL
083 1 MULTI-FAMILY STILLWATER OK 74074 1972 125 94,388 2,700,000 10/25/96 MAI APPRAISAL
084 1 INDUSTRIAL COMMERCE CA 90040 1953 N/A N/A 2,700,000 07/03/96 MAI APPRAISAL
085 1 RETAIL DUNCANVILLE TX 75116 1979 N/A N/A 2,600,000 10/22/96 MAI APPRAISAL
086 1 RETAIL WASHINGTON TOWN PA 16412 1988 2 N/A 2,350,000 02/27/96 MAI APPRAISAL
087 1 MULTI-FAMILY LAND O LAKES FL 34639 1988 120 117,600 2,500,000 10/21/96 MAI APPRAISAL
088 1 MULTI-FAMILY COLORADO SPRING CO 80910 1965 54 59,260 2,450,000 09/09/96 MAI APPRAISAL
089 1 MULTI-FAMILY KANSAS CITY MO 64131 1967 166 N/A 2,400,000 05/03/96 MAI APPRAISAL
090 1 OFFICE DALLAS TX 75219 1986 N/A 34,725 2,900,000 08/21/96 MAI APPRAISAL
091 1 MULTI-FAMILY KALAMAZOO MI 49006 1966 132 119,680 2,600,000 11/28/95 MAI APPRAISAL
092 1 MIXED USE WORCESTER MA 01603 1988 N/A 40,913 2,550,000 09/03/96 APPRAISAL (NON-
093 1 RETAIL GLOUCESTER VA 23061 1994 7 24,075 2,260,000 11/01/95 MAI APPRAISAL
094 1 MULTI-FAMILY BAYTOWN TX 77520 1972 138 138,042 2,200,000 09/16/96 MAI APPRAISAL
095 1 MULTI-FAMILY FLAGSTAFF AZ 86001 1994 104 N/A 2,520,000 10/23/96 MAI APPRAISAL
096 1 MIXED USE HARLINGEN TX 78550 1973 72 N/A 1,961,000 06/10/96 MAI APPRAISAL
097 1 MULTI-FAMILY PLAINFIELD NJ 07601 1929 84 N/A 2,200,000 08/05/96 APPRAISAL (NON-
098 1 OFFICE SCOTTSDALE AZ 85253 1976 N/A 25,444 2,050,000 04/02/96 MAI APPRAISAL
099 1 RETAIL LAKE WORTH FL 33463 1973 N/A 57,254 2,050,000 05/15/95 MAI APPRAISAL
100 1 RETAIL CALLAHAN FL 32011 1972 N/A N/A 2,250,000 08/12/96 MAI APPRAISAL
101 1 INDUSTRIAL EL CAJON CA 92020 1961 N/A N/A 2,370,000 07/01/96 APPRAISAL (NON-
102 1 RETAIL BLOOMFIELD MI 48301 1992 N/A 23,111 2,200,000 08/21/95 MAI APPRAISAL
103 1 MULTI-FAMILY HACKENSACK NJ 07601 1993 28 25,600 1,680,000 12/18/96 PROSPECTUS
104 1 RETAIL BRICKTOWN NJ 08723 1985 N/A 20,877 2,250,000 08/21/95 MAI APPRAISAL
105 1 MULTI-FAMILY GREAT FALLS MT 59404 1916 40 N/A 1,500,000 09/05/96 MAI APPRAISAL
106 1 WAREHOUSE RINGGOLD GA 30736 N/A N/A N/A 1,234,000 09/26/96 MAI APPRAISAL
106 2 WAREHOUSE ROSSVILLE GA 30741 1991 N/A N/A 635,000 09/26/96 MAI APPRAISAL
107 1 MULTI-FAMILY TEMPE AZ 85281 1981 55 38,606 1,700,000 10/04/96 MAI APPRAISAL
108 1 MULTI-FAMILY STUDIO CITY CA 91604 1996 16 17,056 1,800,000 07/03/96 MAI APPRAISAL
109 1 MULTI-FAMILY HARLINGEN TX 78550 1973 104 81,992 1,948,000 06/06/96 MAI APPRAISAL
</TABLE>
Page - 28
<PAGE>
<TABLE>
<CAPTION>
ASSET PROP YEAR PROPERTY VALUATION VALUATION
NO NO PROPERTY TYPE CITY STATE ZIP BUILT UNITS NET SF VALUE DATE SOURCE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
110 1 OFFICE BOCA RATON FL 33486 1985 N/A 24,519 1,950,000 06/11/96 MAI APPRAISAL
111 1 MULTI-FAMILY DALLAS TX 75228 1983 104 63,456 1,800,000 05/14/96 MAI APPRAISAL
112 1 MULTI-FAMILY PHILADELPHIA PA 19119 1961 66 N/A 1,470,000 09/25/96 MAI APPRAISAL
113 1 MULTI-FAMILY KLAMATH FALLS OR 97603 1995 49 84,708 2,110,000 08/19/96 MAI APPRAISAL
114 1 MULTI-FAMILY NIAGARA FALLS NY 14304 1992 12 N/A 300,000 06/11/96 APPRAISAL (NON-
115 1 OFFICE ALBUQUERQUE NM 87106 1990 N/A 29,972 1,550,000 04/19/96 MAI APPRAISAL
116 1 MULTI-FAMILY HARLINGEN TX 78552 1978 69 N/A 1,662,000 06/04/96 MAI APPRAISAL
117 1 MULTI-FAMILY OKLAHOMA CITY OK 73135 1984 104 72,616 1,520,000 08/23/96 MAI APPRAISAL
118 1 MULTI-FAMILY HELENA MT 59601 1995 36 32,556 2,593,500 09/05/96 MAI APPRAISAL
119 1 MULTI-FAMILY HOUSTON TX 77000 1961 156 109,200 2,500,000 07/03/96 MAI APPRAISAL
120 1 RETAIL UNION PARK FL 32807 1980 N/A 37,200 1,700,000 07/01/96 MAI APPRAISAL
121 1 RETAIL MIAMI FL 33184 1982 12 N/A 1,350,000 06/28/96 MAI APPRAISAL
122 1 MANUFACTURED HOU ALAMOSA CO 81101 1973 185 N/A 1,400,000 09/05/96 MAI APPRAISAL
123 1 RETAIL NEW ULM MN 56073 1977 N/A 51,297 1,275,000 08/28/96 MAI APPRAISAL
124 1 RETAIL ROSEVILLE MN 55113 1981 N/A 18,491 1,610,000 08/21/95 MAI APPRAISAL
125 1 MIXED USE WEST ST PAUL MN 55118 1960 33 N/A 2,300,000 12/18/96 PROSPECTUS
126 1 INDUSTRIAL EL PASO TX 79907 1988 N/A N/A 1,250,000 10/24/96 MAI APPRAISAL
127 1 MULTI-FAMILY IRVING TX 75061 1974 55 52,994 1,200,000 10/10/96 MAI APPRAISAL
128 1 RETAIL EDEN PRAIRIE MN 55344 1990 N/A 18,569 1,500,000 08/22/95 MAI APPRAISAL
129 1 MULTI-FAMILY HOUSTON TX 77055 1969 138 143,560 1,900,000 06/20/96 MAI APPRAISAL
130 1 RETAIL EAGAN MN 55123 1990 N/A 18,558 1,510,000 08/22/95 MAI APPRAISAL
131 1 MULTI-FAMILY SAPULPA OK 74066 N/A 40 35,624 560,000 05/17/96 MAI APPRAISAL
131 2 MULTI-FAMILY SAPULPA OK 74066 N/A 56 39,447 570,000 05/17/96 MAI APPRAISAL
132 1 OFFICE AMARILLO TX 79101 1980 N/A 21,758 1,200,000 10/07/96 MAI APPRAISAL
133 1 OFFICE GRAND PRAIRIE TX 75053 1981 N/A 55,700 1,125,000 09/18/96 MAI APPRAISAL
134 1 RETAIL BATTLE CREEK MI 49015 1986 N/A 18,100 1,275,000 08/22/95 MAI APPRAISAL
135 1 RETAIL GRAND RAPIDS MI 49508 1969 N/A 30,060 2,100,000 08/25/95 MAI APPRAISAL
136 1 INDUSTRIAL TUCSON AZ 85717 1985 N/A N/A 1,100,000 09/23/96 MAI APPRAISAL
</TABLE>
Page - 29
<PAGE>
<TABLE>
MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
LOAN PORTFOLIO ANALYSIS SYSTEM - PROPERTY PERFORMANCE
PORTFOLIO: MIDLAND REALTY ACCEPT CORP 1996 C2
REPORTING PERIOD: MARCH, 1997
DATE PRINTED: 26-MAR-97
<CAPTION>
BASELINE OR MOST YTD YTD
ASSET PROP MOST RECENT NOI RECENT YTD PERIOD PERIOD PERCENT
NO NO ANNUAL NOI AS OF NOI SOURCE NOI BEGIN ENDING YTD NOI SOURCE OCCUPIED AS OF
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
001 1 3,876,368 12/31/96 BORROWER 3,876,368 1/1/96 12/31/96 BORROWER 91.1% 12/31/96
002 1 2,713,770 N/A UNDERWRITER 1,551,372 1/1/96 9/30/96 BORROWER 95.4% 3/5/97
003 1 1,913,575 N/A UNDERWRITER 1,913,575 1/1/95 12/31/95 UNDERWRITER 87.0% 10/24/96
004 1 1,553,293 N/A UNDERWRITER 761,559 1/1/96 6/30/96 UNDERWRITER 99.4% 7/3/96
005 1 1,696,800 N/A UNDERWRITER 1,696,800 1/1/95 12/31/95 UNDERWRITER 100.0% 10/1/96
006 1 1,449,580 N/A UNDERWRITER 1,449,580 11/1/95 10/31/96 UNDERWRITER 100.0% 10/10/96
007 1 1,530,136 N/A UNDERWRITER 1,602,422 1/1/95 10/30/95 UNDERWRITER 100.0% 11/11/96
008 1 1,568,253 12/31/96 BORROWER 1,568,253 1/1/96 12/31/96 BORROWER 94.0% 12/31/96
009 1 1,001,938 N/A UNDERWRITER 1,001,938 7/1/95 6/30/96 UNDERWRITER 99.7% 10/8/96
010 1 988,947 N/A UNDERWRITER 972,317 1/1/96 9/30/96 UNDERWRITER 95.8% 10/28/96
011 1 902,552 N/A UNDERWRITER 902,552 1/1/95 12/31/95 UNDERWRITER 89.8% 7/31/96
012 1 1,438,355 N/A UNDERWRITER 1,171,622 1/1/96 9/30/96 UNDERWRITER 100.0% 6/1/96
013 1 1,227,239 N/A UNDERWRITER 1,022,699 1/1/96 10/31/96 UNDERWRITER 100.0% 1/1/96
014 1 1,274,901 N/A UNDERWRITER 1,274,901 9/1/95 8/31/96 UNDERWRITER 100.0% 8/25/96
015 1 1,081,431 N/A UNDERWRITER 965,930 1/1/96 10/31/96 UNDERWRITER 93.6% 10/19/96
016 1 2,568,611 12/31/95 BORROWER 895,198 1/1/96 4/30/96 BORROWER 73.1% 4/30/96
017 1 1,019,427 N/A UNDERWRITER 1,019,427 6/1/95 5/31/96 UNDERWRITER 83.9% 10/23/96
018 1 994,295 N/A UNDERWRITER 994,295 10/1/95 9/30/96 UNDERWRITER 93.6% 11/4/96
019 1 1,185,393 12/31/95 BORROWER 629,362 1/1/96 6/30/96 BORROWER 97.8% 8/28/96
020 1 1,103,688 N/A UNDERWRITER 878,655 1/1/96 9/30/96 UNDERWRITER 100.0% 10/15/95
021 1 804,063 N/A UNDERWRITER 439,155 1/1/96 6/30/96 UNDERWRITER 97.1% 9/27/96
022 1 1,689,955 N/A UNDERWRITER 1,689,955 8/1/95 7/31/96 UNDERWRITER 82.1% 10/1/96
023 1 966,216 N/A UNDERWRITER N/A N/A N/A N/A 99.8% 11/1/96
024 1 526,185 N/A UNDERWRITER 441,261 1/1/96 8/31/96 UNDERWRITER 91.5% 10/21/96
025 1 972,450 12/31/96 BORROWER 972,450 1/1/96 12/31/96 BORROWER 96.0% 2/26/97
026 1 717,927 N/A UNDERWRITER 551,955 1/1/96 9/30/96 UNDERWRITER 98.6% 11/1/96
027 1 827,613 N/A UNDERWRITER 620,158 1/1/96 8/31/96 UNDERWRITER 93.0% 12/18/96
028 1 757,070 N/A UNDERWRITER 532,135 1/1/96 9/30/96 UNDERWRITER 93.2% 9/30/96
029 1 696,513 N/A UNDERWRITER 696,513 1/1/95 12/31/95 UNDERWRITER 100.0% 8/12/96
030 1 571,718 N/A UNDERWRITER 415,877 1/1/96 9/30/96 UNDERWRITER 94.0% 8/28/96
031 1 804,893 N/A UNDERWRITER 735,588 1/1/96 9/30/96 UNDERWRITER 97.5% 4/28/96
032 1 660,351 N/A UNDERWRITER 379,420 1/1/96 7/31/96 UNDERWRITER 98.8% 10/8/96
033 1 783,588 N/A UNDERWRITER 418,103 1/1/96 6/30/96 UNDERWRITER 100.0% 8/9/96
034 1 658,804 N/A UNDERWRITER 649,662 1/1/96 9/30/96 UNDERWRITER 100.0% 10/24/96
035 1 565,165 N/A UNDERWRITER 565,591 1/1/96 10/31/96 UNDERWRITER 100.0% 9/30/96
036 1 704,162 N/A UNDERWRITER 168,592 1/1/96 3/31/96 UNDERWRITER 86.0% 5/1/96
037 1 433,658 12/31/96 BORROWER 433,658 1/1/96 12/31/96 BORROWER 95.3% 12/31/96
038 1 735,820 N/A UNDERWRITER 735,820 1/1/95 12/31/95 UNDERWRITER 100.0% 6/1/96
039 1 808,421 N/A UNDERWRITER 808,421 1/1/95 12/31/95 UNDERWRITER 86.4% 12/18/96
040 1 696,864 N/A UNDERWRITER 696,864 5/1/95 4/30/96 UNDERWRITER 96.4% 8/1/96
041 1 717,125 12/31/96 BORROWER 782,809 1/1/96 12/31/96 BORROWER 99.5% 10/15/96
042 1 623,120 N/A UNDERWRITER 434,213 1/1/96 9/30/96 UNDERWRITER 97.3% 10/10/96
043 2 653,936 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 8/8/96
044 1 617,199 N/A UNDERWRITER 460,897 1/1/96 9/20/96 BORROWER 98.6% 9/20/96
045 1 557,774 N/A UNDERWRITER 266,011 1/1/96 6/30/96 UNDERWRITER 92.7% 8/16/96
046 1 585,659 N/A UNDERWRITER 70,913 1/1/96 9/30/96 BORROWER 92.8% 8/10/96
047 1 461,434 N/A UNDERWRITER 217,472 1/1/96 6/30/96 UNDERWRITER 95.4% 8/16/96
048 1 520,812 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 11/1/96
049 1 508,871 N/A UNDERWRITER 194,198 1/1/96 5/31/96 UNDERWRITER 95.2% 9/1/96
050 1 557,179 N/A UNDERWRITER 349,150 3/1/96 8/31/96 UNDERWRITER 100.0% 9/1/96
051 1 466,405 N/A UNDERWRITER 466,405 1/1/95 12/31/95 UNDERWRITER 87.0% 11/14/96
052 1 504,887 N/A UNDERWRITER N/A N/A N/A N/A 98.0% 10/1/96
053 1 332,257 N/A UNDERWRITER 380,554 10/31/95 9/30/96 UNDERWRITER 95.5% 12/31/96
054 1 455,495 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 11/25/96
055 1 405,035 N/A UNDERWRITER N/A N/A N/A N/A 95.1% 8/1/96
056 1 456,369 12/31/95 BORROWER 456,369 1/1/95 12/31/95 BORROWER 100.0% 11/1/96
057 1 476,171 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 11/1/96
058 1 349,704 N/A UNDERWRITER 349,704 1/1/95 12/31/95 UNDERWRITER 91.0% 8/20/96
059 1 268,032 N/A UNDERWRITER 268,032 1/1/95 12/31/95 UNDERWRITER 88.4% 11/1/96
060 1 433,653 N/A UNDERWRITER 433,653 1/1/95 12/31/95 UNDERWRITER 96.4% 10/20/96
061 1 390,805 N/A UNDERWRITER 390,805 1/1/95 12/31/95 UNDERWRITER 93.1% 9/30/96
062 1 276,523 N/A UNDERWRITER 292,872 1/1/96 9/30/96 UNDERWRITER 87.6% 9/1/96
063 1 348,497 N/A UNDERWRITER 269,907 1/1/96 9/30/96 UNDERWRITER 90.7% 1/28/97
</TABLE>
Page - 30
<PAGE>
<TABLE>
<CAPTION>
BASELINE OR MOST YTD YTD
ASSET PROP MOST RECENT NOI RECENT YTD PERIOD PERIOD PERCENT
NO NO ANNUAL NOI AS OF NOI SOURCE NOI BEGIN ENDING YTD NOI SOURCE OCCUPIED AS OF
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
064 1 416,208 N/A UNDERWRITER 237,746 1/1/96 8/31/96 UNDERWRITER 100.0% 10/31/96
065 1 517,584 N/A UNDERWRITER 138,501 1/1/96 3/31/96 UNDERWRITER 100.0% 10/22/96
066 1 414,223 6/30/96 BORROWER 414,223 7/1/95 6/30/96 BORROWER 96.4% 7/1/96
067 1 421,716 N/A UNDERWRITER 421,716 1/1/95 12/31/95 UNDERWRITER 94.8% 6/1/96
068 1 210,334 12/31/95 BORROWER 210,334 1/1/95 12/31/95 BORROWER 91.3% 10/8/96
068 3 155,464 12/31/95 BORROWER 155,464 1/1/95 12/31/95 BORROWER 98.3% 10/8/96
069 1 277,670 N/A UNDERWRITER 277,670 1/1/95 12/31/95 UNDERWRITER 90.9% 9/1/96
070 1 313,421 N/A UNDERWRITER 200,533 1/1/96 9/30/96 UNDERWRITER 81.7% 9/30/96
071 1 294,086 N/A UNDERWRITER 244,571 1/1/96 8/31/96 UNDERWRITER 89.6% 10/8/96
072 1 359,613 12/31/96 BORROWER 359,613 1/1/96 12/31/96 BORROWER 90.0% 12/31/96
073 1 283,594 N/A UNDERWRITER 156,645 1/1/96 6/30/96 UNDERWRITER 98.2% 9/27/96
074 1 267,332 N/A UNDERWRITER 198,923 1/1/96 9/30/96 UNDERWRITER 94.5% 9/30/96
075 1 327,147 N/A UNDERWRITER 38,038 11/1/96 12/31/96 BORROWER 99.4% 10/31/96
076 1 522,919 N/A UNDERWRITER 221,507 1/1/96 5/31/96 UNDERWRITER 84.2% 9/30/96
077 1 352,405 N/A UNDERWRITER 277,378 1/1/96 10/31/96 UNDERWRITER 93.6% 11/1/96
078 1 273,349 12/31/95 BORROWER 308,316 1/1/96 9/30/96 BORROWER 100.0% 8/3/96
079 1 341,058 12/31/95 BORROWER 218,961 1/1/96 8/31/96 BORROWER 94.0% 10/9/96
080 1 273,495 N/A UNDERWRITER 273,495 1/1/95 12/31/95 UNDERWRITER 92.0% 10/16/96
081 1 242,104 5/31/96 BORROWER 241,451 6/1/95 5/31/96 BORROWER 96.3% 9/30/96
082 1 234,274 N/A UNDERWRITER 149,054 1/1/96 7/31/96 UNDERWRITER 100.0% 9/1/96
083 1 129,291 12/31/96 BORROWER 129,291 1/1/96 12/31/96 BORROWER 99.1% 12/31/96
084 1 303,526 N/A UNDERWRITER 303,526 1/1/95 12/31/95 UNDERWRITER 100.0% 7/26/96
085 1 238,399 N/A UNDERWRITER 143,346 1/1/96 8/31/96 UNDERWRITER 91.5% 9/13/96
086 1 262,157 N/A UNDERWRITER 215,844 1/1/96 9/30/96 BORROWER 100.0% 9/30/96
087 1 322,110 N/A UNDERWRITER 179,878 4/1/96 9/30/96 UNDERWRITER 95.8% 10/10/96
088 1 281,152 N/A UNDERWRITER 124,730 1/1/96 5/31/96 UNDERWRITER 94.4% 9/30/96
089 1 289,041 N/A UNDERWRITER 99,223 1/1/96 4/30/96 UNDERWRITER 89.8% 6/1/96
090 1 346,737 N/A UNDERWRITER 346,737 1/1/95 12/31/95 UNDERWRITER 100.0% 9/13/96
091 1 268,260 N/A UNDERWRITER 212,407 1/1/96 9/30/96 UNDERWRITER 95.5% 8/31/96
092 1 281,836 N/A UNDERWRITER 281,836 1/1/95 12/31/95 UNDERWRITER 100.0% 5/1/96
093 1 248,074 N/A UNDERWRITER 123,685 1/1/96 6/30/96 UNDERWRITER 100.0% 9/29/96
094 1 183,752 N/A UNDERWRITER N/A N/A N/A N/A 92.0% 10/31/96
095 1 190,529 N/A UNDERWRITER 328,921 1/1/96 8/31/96 UNDERWRITER 98.1% 9/30/96
096 1 215,925 N/A UNDERWRITER 163,135 1/1/96 9/30/96 UNDERWRITER 88.9% 9/20/96
097 1 244,871 N/A UNDERWRITER N/A N/A N/A N/A 95.2% 10/10/96
098 1 201,820 N/A UNDERWRITER 201,820 1/1/95 12/31/95 UNDERWRITER 99.0% 10/28/96
099 1 206,358 N/A UNDERWRITER 209,680 1/1/96 10/31/96 BORROWER 77.1% 12/9/96
100 1 230,937 N/A UNDERWRITER 230,937 1/1/95 12/31/95 UNDERWRITER 90.4% 8/1/96
101 1 265,978 N/A UNDERWRITER N/A N/A N/A N/A 95.1% 7/25/96
102 1 223,321 N/A UNDERWRITER 603,168 1/30/95 1/28/96 BORROWER 100.0% 11/21/96
103 1 183,240 N/A UNDERWRITER 144,561 1/1/96 9/30/96 UNDERWRITER 82.1% 10/28/96
104 1 220,902 N/A UNDERWRITER 357,570 1/30/95 1/28/96 BORROWER 100.0% 11/21/96
105 1 191,878 N/A UNDERWRITER 90,686 1/1/96 6/30/96 UNDERWRITER 100.0% 8/29/96
106 1 141,610 N/A UNDERWRITER 141,610 1/1/95 12/31/95 UNDERWRITER 81.9% 10/8/96
106 2 49,188 N/A UNDERWRITER 49,188 1/1/95 12/31/95 UNDERWRITER 66.7% 10/8/96
107 1 177,176 N/A UNDERWRITER 177,176 6/1/95 5/31/96 UNDERWRITER 92.7% 10/1/96
108 1 135,631 12/31/96 BORROWER 138,794 1/1/96 12/31/96 BORROWER 100.0% 8/15/96
109 1 189,994 N/A UNDERWRITER 56,973 1/1/96 3/31/96 UNDERWRITER 80.8% 9/20/96
110 1 192,260 N/A UNDERWRITER 103,236 1/1/96 6/30/96 UNDERWRITER 100.0% 9/24/96
111 1 187,981 N/A UNDERWRITER 115,701 1/1/96 6/30/96 UNDERWRITER 93.3% 9/30/96
112 1 171,115 12/31/95 BORROWER 70,037 1/1/96 5/31/96 BORROWER 93.9% 5/29/96
113 1 140,129 N/A UNDERWRITER 46,835 1/1/96 7/31/96 UNDERWRITER 100.0% 9/20/96
114 1 79,162 N/A UNDERWRITER 79,162 1/1/95 12/31/95 UNDERWRITER 87.5% 8/9/96
115 1 138,524 5/31/95 BORROWER 140,765 6/1/95 4/30/96 BORROWER 100.0% 8/26/96
116 1 178,227 N/A UNDERWRITER 166,259 1/1/96 9/30/96 UNDERWRITER 97.1% 9/18/96
117 1 192,471 N/A UNDERWRITER 53,019 1/1/96 5/31/96 UNDERWRITER 94.2% 8/1/96
118 1 124,612 N/A UNDERWRITER 6,272 1/1/96 7/31/96 UNDERWRITER 94.4% 8/28/96
119 1 185,259 N/A UNDERWRITER 62,516 1/1/96 4/30/96 UNDERWRITER 90.4% 7/22/96
120 1 164,504 N/A UNDERWRITER 164,504 1/1/95 12/31/95 UNDERWRITER 100.0% 8/1/96
121 1 155,507 N/A UNDERWRITER 155,507 1/1/95 12/31/95 UNDERWRITER 100.0% 7/31/96
122 1 147,384 N/A UNDERWRITER 123,828 1/1/96 9/30/96 UNDERWRITER 99.5% 9/30/96
</TABLE>
Page - 31
<PAGE>
<TABLE>
<CAPTION>
BASELINE OR MOST YTD YTD
ASSET PROP MOST RECENT NOI RECENT YTD PERIOD PERIOD PERCENT
NO NO ANNUAL NOI AS OF NOI SOURCE NOI BEGIN ENDING YTD NOI SOURCE OCCUPIED AS OF
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
123 1 132,960 N/A UNDERWRITER 132,960 1/1/95 12/31/95 UNDERWRITER 100.0% 9/13/96
124 1 160,590 N/A UNDERWRITER 675,945 1/30/95 1/28/96 BORROWER 100.0% 11/21/96
125 1 188,387 N/A UNDERWRITER 110,217 3/1/96 9/30/96 UNDERWRITER 78.1% 10/1/96
126 1 158,842 N/A UNDERWRITER 101,437 1/1/96 8/31/96 UNDERWRITER 97.5% 11/8/96
127 1 128,632 N/A UNDERWRITER 128,632 1/1/95 12/31/95 UNDERWRITER 96.4% 6/30/96
128 1 152,747 N/A UNDERWRITER 561,248 1/30/95 1/28/96 BORROWER 100.0% 11/21/96
129 1 180,607 N/A UNDERWRITER 180,607 1/1/95 12/31/95 UNDERWRITER 87.0% 7/31/96
130 1 142,568 N/A UNDERWRITER 270,746 1/30/95 1/28/96 BORROWER 100.0% 11/21/96
131 1 91,647 N/A UNDERWRITER 91,647 1/1/95 12/31/95 UNDERWRITER 95.0% 6/30/96
131 2 87,876 N/A UNDERWRITER 87,876 1/1/95 12/31/95 UNDERWRITER 91.1% 6/30/96
132 1 124,391 N/A UNDERWRITER 72,162 1/1/96 5/31/96 UNDERWRITER 100.0% 10/22/96
133 1 150,138 12/31/95 BORROWER 147,773 1/1/95 12/31/95 BORROWER 100.0% 6/1/96
134 1 121,997 N/A UNDERWRITER 317,067 1/30/95 1/28/96 BORROWER 100.0% 11/21/96
135 1 208,512 N/A UNDERWRITER 470,351 1/30/95 1/28/96 BORROWER 100.0% 11/21/96
136 1 94,978 N/A UNDERWRITER 94,978 4/1/95 3/31/96 UNDERWRITER 96.3% 9/1/96
</TABLE>
Page - 32
<PAGE>
MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
LOAN PORTFOLIO ANALYSIS SYSTEM - ASSET COMMENTS
PORTFOLIO: MIDLAND REALTY ACCEPT CORP 1996 C2
REPORTING PERIOD: MARCH, 1997
DATE PRINTED: 26-MAR-97
LOAN 001 - 1:
LOAN 002 - 1:
LOAN 003 - 1:
LOAN 004 - 1:
LOAN 005 - 1:
LOAN 006 - 1:
LOAN 007 - 1:
LOAN 008 - 1: Latest Annual Statement Comment: 12/31/96 - BORROWER HAS
STATED EXPENSES ARE UP DUE TO HIGHER PROPERTY TAXES AND LEGAL FEES THAN
BUDGETED. THE LATTER IS DUE TO A LEASE DISPUTE WITH A TENANT.
LOAN 009 - 1:
LOAN 010 - 1:
LOAN 011 - 1:
LOAN 012 - 1:
LOAN 013 - 1:
LOAN 014 - 1:
LOAN 015 - 1:
LOAN 016 - 1:
LOAN 017 - 1:
LOAN 018 - 1:
LOAN 019 - 1:
LOAN 020 - 1:
LOAN 021 - 1:
LOAN 022 - 1:
LOAN 023 - 1:
LOAN 024 - 1:
LOAN 025 - 1:
LOAN 026 - 1:
LOAN 027 - 1:
LOAN 028 - 1:
LOAN 029 - 1:
LOAN 030 - 1:
LOAN 031 - 1:
LOAN 032 - 1:
LOAN 033 - 1:
LOAN 034 - 1:
Page - 33
<PAGE>
LOAN 035 - 1:
LOAN 036 - 1:
LOAN 037 - 1:
LOAN 038 - 1:
LOAN 039 - 1:
LOAN 040 - 1:
LOAN 041 - 1: Latest Annual Statement Comment: 12/31/96 - PER BORROWER
THIS IS PRELIMINARY CERTIFIED TO FOLLOW.
LOAN 042 - 1:
LOAN 043 - 2:
LOAN 044 - 1:
LOAN 045 - 1:
LOAN 046 - 1:
LOAN 047 - 1:
LOAN 048 - 1: Latest Annual Statement Comment: - NO HISTORICAL FIGURES
ARE AVAILABLE SINCE THE PROPERTY WAS OWNER OCCUPIED. LEASE IS ABSOLUTE NET,
HOWEVER A MANAGEMENT, RESERVE, TENANT IMPROVEMENT AND LEASING COMMISSION
ALLOWANCE HAS BEEN DEDUCTED.
LOAN 049 - 1:
LOAN 050 - 1:
LOAN 051 - 1:
LOAN 052 - 1:
LOAN 053 - 1:
LOAN 054 - 1:
LOAN 055 - 1:
LOAN 056 - 1:
LOAN 057 - 1: Latest Annual Statement Comment: - NO HISTORICAL FIGURES
ARE AVAILABLE SINCE THE PROPERTY WAS OWNER OCCUPIED. LEASE IS ABSOLUTE NET,
HOWEVER A MANAGEMENT, RESERVE, TENANT IMPROVEMENT AND LEASING COMMISSION
ALLOWANCE HAS BEEN DEDUCTED.
LOAN 058 - 1:
LOAN 059 - 1:
LOAN 060 - 1:
LOAN 061 - 1:
LOAN 062 - 1:
LOAN 063 - 1:
LOAN 064 - 1:
LOAN 065 - 1:
LOAN 066 - 1:
LOAN 067 - 1:
LOAN 068 - 3:
LOAN 068 - 1:
Page - 34
<PAGE>
LOAN 069 - 1:
LOAN 070 - 1:
LOAN 071 - 1:
LOAN 072 - 1:
LOAN 073 - 1:
LOAN 074 - 1:
LOAN 075 - 1: Partial Year Statement Comment: 12/31/96 - BORROWER'S
STATEMENT REFLECTS ONLY TWO MONTHS. MIDLAND BEGAN SERVICING LOAN IN NOV.
1996. PRO RATED PROPERTY TAXES WERE PAID AT THE SETTLEMENT DATE OF PURCHASE.
THE TAX WAS NOT BILLED TO THE TENANTS.
LOAN 076 - 1:
LOAN 077 - 1:
LOAN 078 - 1:
LOAN 079 - 1:
LOAN 080 - 1:
LOAN 081 - 1:
LOAN 082 - 1:
LOAN 083 - 1: Latest Annual Statement Comment: 12/31/96 - OTHER
EXPENSES ARE UP CONSIDERABLY DUE TO A LARGE PAYMENT TO THE IRS. THE COMPANY
HAS ORGANIZED AS SUB S CORPORATION
LOAN 084 - 1:
LOAN 085 - 1:
LOAN 086 - 1:
LOAN 087 - 1:
LOAN 088 - 1:
LOAN 089 - 1:
LOAN 090 - 1:
LOAN 091 - 1:
LOAN 092 - 1:
LOAN 093 - 1:
LOAN 094 - 1:
LOAN 095 - 1:
LOAN 096 - 1:
LOAN 097 - 1: Latest Annual Statement Comment: - THE HISTORICAL
FINANCIAL STATEMENTS ON PLAINFIELD REALTY ASSOCIATES, LLC WERE NOT AVAILABLE
AT THE TIME OF WRITE-UP PER UNDERWRITING STATEMENT.
LOAN 098 - 1:
LOAN 099 - 1:
LOAN 100 - 1:
LOAN 101 - 1:
LOAN 102 - 1:
Page - 35
<PAGE>
LOAN 103 - 1:
LOAN 104 - 1:
LOAN 105 - 1:
LOAN 106 - 2:
LOAN 106 - 1:
LOAN 107 - 1:
LOAN 108 - 1: Latest Annual Statement Comment: 12/31/96 - BUILDING
COMPLETED JANUARY 1996 REACHED FULL OCCUPANCY IN FEBRUARY 1996. PROPERTY
TAXES NORMALIZED PER SERVICING SYSTEM. $25,860 CAPITAL REPAIRS ARE FOR LOAN
FEES.
LOAN 109 - 1:
LOAN 110 - 1:
LOAN 111 - 1:
LOAN 112 - 1:
LOAN 113 - 1:
LOAN 114 - 1:
LOAN 115 - 1:
LOAN 116 - 1:
LOAN 117 - 1:
LOAN 118 - 1:
LOAN 119 - 1:
LOAN 120 - 1:
LOAN 121 - 1:
LOAN 122 - 1:
LOAN 123 - 1:
LOAN 124 - 1:
LOAN 125 - 1:
LOAN 126 - 1:
LOAN 127 - 1:
LOAN 128 - 1:
LOAN 129 - 1:
LOAN 130 - 1:
LOAN 131 - 2:
LOAN 131 - 1:
LOAN 132 - 1:
LOAN 133 - 1:
LOAN 134 - 1:
LOAN 135 - 1:
LOAN 136 - 1:
Page - 36
