SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
Amendment No. 2
(Mark One)
| x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1996
| | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Commission File No.: 033-50326
Access Financial Mortgage Loan Trust, Series 1996-3
(Exact name of registrant as specified in its charter)
New York (governing law of pooling and servicing agreement)
State or other jurisdiction of incorporation or organization)
52-1996149, 52-1996146
(I.R.S. Employer Identification No.)
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway
Columbia, MD 21044
(Address of principal executive (Zip Code)
offices)
Registrant's telephone number, including area code (410) 884-2000
Securities registered pursuant to Section 12(b) of the Act: NONE
Securities registered pursuant to Section 12(g) of the Act: NONE
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
Yes X No
This Amendment No. 2 on Form 10-K/A amends Item 14 of the original Annual Report
on Form 10-K (the "Original Form 10-K") filed on March 27, 1997, by Norwest Bank
Minnesota, N.A. (the "Reporting Person"), on behalf of Access Financial Mortgage
Loan Trust, Series 1996-3 (the "Trust"), established pursuant to a Pooling and
Servicing Agreement (the "Pooling & Servicing Agreement") among Cargill
Financial Services Corporation, as Sponsor, (the "Sponsor"), Access Financial
Lending Corp., as Seller and Master Servicer, (the "Seller" and "Master
Servicer"), and Norwest Bank Minnesota, N.A., as Trustee, (the "Trustee"),
pursuant to which the Access Financial Mortgage Loan Trust, Series 1996-3,
certificates registered under the Securities Act of 1933 (the "Certificates")
were issued. Item 14 of the Original Form 10-K is amended to read in its
entirety as follows:
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.
(a) Exhibits
99.1 Annual Report of Independent Public Accountants' as to master
servicing activities or servicing activities as applicable:
(a) LSI Financial Group, as Servicer<F1>
99.2 Management Assertion Letter:
(a) LSI Financial Group, as Servicer<F2>
99.3 Annual Statements of Compliance with obligations under the
Pooling Agreement or servicing agreement, as applicable, of:
(a) LSI Financial Group, as Servicer<F1>
(b) On October 1, 1996, November 1, 1996, and December 5, 1996 a report on
Form 8-K was filed in order to provide the statements for the monthly
distributions to holders of the Certificates. No other reports on Form
8-K have been filed during the last quarter of the period covered by
this report.
(c) Omitted.
(d) Omitted.
<F1> Previously Filed.
<F2> Filed herewith.
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized:
Access Financial Mortgage Loan Trust, Series 1996-3
By: Norwest Bank Minnesota, N.A.,
as Trustee
By: /s/ Sherri J. Sharps
By: Sherri J. Sharps
Title: Vice President
Dated: October 1, 1997
EXHIBIT INDEX
Exhibit No.
99.1 Annual Report of Independent Public Accountants' as to master
servicing activities or servicing activities as applicable:
(a) LSI Financial Group, as Servicer<F1>
99.2 Management Assertion Letter:
(a) LSI Financial Group, as Servicer<F2>
99.3 Annual Statements of Compliance with obligations under the
Pooling Agreement or servicing agreement, as applicable, of:
(a) LSI Financial Group, as Servicer<F1>
<F1> Previously Filed.
<F2> Filed herewith.
(logo)LSI
FINANCIAL GROUP
As of and for the year ended December 31, 1996, LSI Financial Group has complied
in all material respects with the minimum servicing standards set forth in the
Mortgage Bankers Association of America's UNIFORM SINGLE ATTESTATION PROGRAM FOR
MORTGAGE BANKERS. As of and for this same year, LSI Financial Group had in
effect a fidelity bond and errors and omissions policy in the amount of
$5,000,000,
/s/Bob Whisnant
Bob Whisnant, V.P, of Finance
8-1-97
Date
17500 Chenal Parkway
Suite 200
Little Rock, Arkansas 72211-9131