- --------------------------------------------------------------------------------
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) April 26, 1999
SUPERIOR BANK FSB (as depositor under the Pooling and Servicing Agreement, dated
as of February 1, 1999, providing for the issuance of AFC Mortgage Loan Asset
Backed Certificates, Series 1999-1)
Superior Bank FSB
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(Exact name of registrant as specified in its charter)
United States 333-61691 36-1414142
- ---------------------------- ----------- ---------------------
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
One Lincoln Centre
Oakbrook Terrace, Illinois 60181
- -------------------------- ----------
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (630) 916-4000
---------------
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<PAGE>
Item 5. Other Events
On April 26, 1999 (a "Remittance Date") a scheduled remittance was made to
the Certificateholders with respect to AFC Mortgage Loan Asset Backed
Certificates, Series 1999-1, issued pursuant to a Pooling and Servicing
Agreement, dated as of February 1, 1999, among Superior Bank FSB, as Depositor
and Servicer and LaSalle National Bank, as Trustee. The information contained in
the Servicer's Monthly Remittance Report to the Trustee, which shall be
forwarded by the Trustee to the Certificateholders, is attached hereto as
Exhibit 21.1 and is incorporated herein by reference.
Capitalized terms used herein and not defined shall have the same meanings
ascribed to them in the Pooling and Servicing Agreement.
Items 2 through 4 and Items 6 and 8 are not included because they are not
applicable.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
21.1 Monthly Remittance Report for the month of April, 1999.
<PAGE>
SIGNATURES
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.
SUPERIOR BANK F.S.B.
By: /s/ William C. Bracken
----------------------
Name: William C. Bracken
Title: Senior Vice President
Dated: April 26, 1999
<PAGE>
EXHIBITS TABLE
21.1 Monthly Remittance Report for the month of April, 1999.
<TABLE>
ALLIANCE FUNDING COMPANY
BY SUPERIOR BANK - FSB SERVICING DIVISION
DESIGNATED SERVICER
SERVICER'S CERTIFICATE
1999-1 GROUP 1
IN ACCORDANCE WITH SECTION 6.08 OF THE POOLING AND SERVICING AGREEMENT DATED AS OF FEBRUARY 1, 1999
SUPERIOR BANK - FSB SERVICING DIVISION REPORTS THE FOLLOWING
INFORMATION PERTAINING TO SERIES 1999-1 GROUP 1 FOR APRIL 26, 1999, THE REMITTANCE DATE.
DUE PERIOD ENDED: APRIL 1, 1999
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
1 Total Actual Principal Collections 1,033,675.71
2 Total Permanent Buydown Companion Principal 18,436.56
3 Total Actual Interest Collections 1,313,648.08
4 Less Service Fees Service Fees Previously Remitted 81,248.73
5 Additional Proceeds 0.00
--------------------
6 Total Collections: 2,284,511.62
7 Pre-Funding Account Transfer 4,174.66
8 Interest Coverage Account Transfer 630,944.08
9 Deferred Interest Coverage Account Transfer 43,589.34
--------------------
10 Aggregate Amount Received: 2,963,219.70
Monthly Advances
11 Interest Advance 427,414.97
12 Compensating Interest 1,695.28
13 Amounts Held for Future Distributions 0.00
14 Cross Collateral Deposit 0.00
15 Reserve Withdrawal per Sec. 6.14c 0.00
--------------------
16 Available Remittance Amount: 3,392,329.95
17 Service Fees 41,443.32
18 Expense Account Deposit: 2,267.87
--------------------
19 Adjusted Remittance Amount: 3,348,618.76
Remaining Amount Available:
20 Adjusted Remittance Amount 3,348,618.76
21 Insured Payments 0.00
22 Monthly Premium @ 20 bp
due Certificate Insurer 45,357.39
23 Cross Collateral Withdrawal 0.00
24 Class Remittance Amounts 3,303,261.37
25 Non-Recoverable Advances not
Previously Reimbursed 0.00
--------------------
Total Remaining Amount Available: 0.00
====================
Amount of Reimbursements Pursuant to Sec. 5.04
26 Servicing Fee 0.00
27 Monthly Advances and Servicer Advances 0.00
28 Other Mortgage Payments 0.00
29 Interest Earned on P&I Deposits 0.00
30 Additional Servicing Compensation 0.00
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</TABLE>
Page 1 of 4
<PAGE>
<TABLE>
ALLIANCE FUNDING COMPANY
BY SUPERIOR BANK - FSB SERVICING DIVISION
DESIGNATED SERVICER
SERVICER'S CERTIFICATE
1999-1 GROUP 1
IN ACCORDANCE WITH SECTION 6.08 OF THE POOLING AND SERVICING AGREEMENT DATED AS OF FEBRUARY 1, 1999
SUPERIOR BANK - FSB SERVICING DIVISION REPORTS THE FOLLOWING
INFORMATION PERTAINING TO SERIES 1999-1 GROUP 1 FOR APRIL 26, 1999, THE REMITTANCE DATE.
DUE PERIOD ENDED: APRIL 1, 1999
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
TOTAL CLASS 1A CLASS R
31 Loans Outstanding - BOM 2770
32 Original Loan Balance 167,666,375.50 167,666,375.50
33 Original Permanent Buydown Companion Loan Balance 899,353.99 899,353.99
34 Pre-Funding Account Balance 108,384,000.73 108,384,000.73
35 Initial Overcollateralization 3,749,086.22 3,749,086.22
36 Realized Losses, LTD 0.00 0.00
37 Permanent Buydown Companion Loan Losses, LTD 0.00
38 Carryforward Amount 0.00
39 Aggregate Unpaid Principal Balance of Delinquent 0.00 0.00
Loans Repurchased per Sec. 5.11 0.00 0.00
-------------------------------------------------------------------
40 Total Class Principal Balance 273,200,644.00 273,200,644.00
41 Pool Factor per Loan Balance 60.9695911% 60.9695911%
42 Pool Factor per Class Balance 99.3456887% 99.3456887%
43 Excess Spread 0.00 0.00
44 Cross Collateral Withdrawal 0.00 0.00
45 Cross Collateral Deposit 0.00 0.00
46 Additional Principal due Class A 931,058.00 931,058.00
47 Interest Remittance @ Pass-Through Rates 1,315,916.44 1,315,916.44
PRINCIPAL ADDITIONS:
48 Number of loans 1778 1778
49 Transfers from Pre-Funding Account 108,379,826.07 108,379,826.07
PRINCIPAL REDUCTIONS:
50 Prepayments - Number 14 14
51 Prepayments - Dollar 769,331.75 769,331.75
52 Delinquent Loans Repurchased - Number 0 0.00
53 Delinquent Loans Repurchased - Dollar 0.00 0.00
54 Net Liquidation Proceeds 0.00 0.00
55 Curtailments 12,981.80 12,981.80
56 Normal and Excess Payments 251,362.16 251,362.16
Permanent Buydown Companion Principal 18,436.56 18,436.56
57 Pre-Funding Account Transfer 4,174.66 4,174.66
-------------------------------------------------------------------
58 Total Principal Remittance 1,056,286.93 1,056,286.93
59 Additional Principal Reduction 931,058.00 931,058.00
-------------------------------------------------------------------
60 Total Remittance 3,303,261.37 3,303,261.37 0.00
===================================================================
61 Current Month Realized Loss - Number 0 0
62 Current Month Realized Loss - Dollar 0.00 0.00
63 Current Month Permanent Buydown Companion Loan
Realized Loss - Dollar 0.00 0.00
CLASS PRINCIPAL BALANCE - EOM
64 Loans Outstanding - EOM 4534
65 Closing Loan Balance 275,012,525.86 275,012,525.86
66 Closing Permanent Buydown Companion Loan Balance 880,917.43 880,917.43
67 Pre-Funding Account Balance 0.00 0.00
68 Additional Principal Reduction, LTD 4,680,144.22 4,680,144.22
69 Realized losses, LTD 0.00 0.00
70 Permanent Buydown Companion Loan Losses, LTD 0.00
71 Aggregate Unpaid Principal Balance of Delinquent
72 Loans Repurchased per Sec. 5.11 0.00 0.00
-------------------------------------------------------------------
73 Total Class Principal Balance 271,213,299.07 271,213,299.07
74 Pool Factor per Loan Balance 100.0045549% 100.0045549%
75 Pool Factor per Class Balance 98.6230178% 98.6230178%
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</TABLE>
Page 2 of 4
<PAGE>
<TABLE>
ALLIANCE FUNDING COMPANY
BY SUPERIOR BANK - FSB SERVICING DIVISION
DESIGNATED SERVICER
SERVICER'S CERTIFICATE
1999-1 GROUP 1
IN ACCORDANCE WITH SECTION 6.08 OF THE POOLING AND SERVICING AGREEMENT DATED AS OF FEBRUARY 1, 1999
SUPERIOR BANK - FSB SERVICING DIVISION REPORTS THE FOLLOWING
INFORMATION PERTAINING TO SERIES 1999-1 GROUP 1 FOR APRIL 26, 1999, THE REMITTANCE DATE.
DUE PERIOD ENDED: APRIL 1, 1999
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
TOTAL CLASS A-1
<S> <C> <C> <C>
76 Weighted Note Rate - THIS Remittance 10.57943 %
77 Weighted Note Rate - NEXT Remittance 10.71607 %
78 Related Remittance Period for Libor Rate 25-Mar-99 thru 25-Apr-99
79 Days in Related Period 32
80 Pass-Through Rates 5.41875%
81 Weighted Average Remaining Term 250.94
82 Original Pool - Principal Balance 168,415,194.04 168,415,194.04
83 Original Pool - Permanent Buydown Companion Balance 907,775.49 907,775.49
84 Original Pool - Pre-Funding Account 108,384,000.73 108,384,000.73
85 Original Pool - Additional Principal Reduction 2,706,970.26 2,706,970.26
-------------------------------------------------------------------
86 Original Pool Total 275,000,000.00 275,000,000.00
87 Original Pool - Number of Loans 2782
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CLASS A OVERCOLLATERALIZATION RECONCILIATION
Beg.of Month Current Month End of Month
-------------------------------------------------------
88 Additional Principal Reduction, LTD 3,749,086.22 931,058.00 4,680,144.23
89 Cross Collateral Deposits 0.00 0.00 0.00
90 Realized Losses, LTD 0.00 0.00 0.00
91 Permanent Buydown Companion Loan Losses, LTD 0.00 0.00 0.00
-------------------------------------------------------
92 Overcollateralization of Principal 3,749,086.22 931,058.00 4,680,144.23
=======================================================
93 Base Overcollateralization Required 16,331,152.49
94 Required Overcollateralization Amount 16,331,152.49
CURRENT MONTH SUBORDINATED AMOUNT Beg.of Month Current Month End of Month
-------------------------------------------------------
95 Original Subordinated Amount 33,741,821.84 N/A 33,741,821.84
96 Less: Cumulative Realized Losses (excluding
Permanent Buydown Companion Loans) 0.00 0.00 0.00
97 Plus: Cumulative Additional Proceeds 0.00 0.00 0.00
-------------------------------------------------------
98 Current Subordinated Amount 33,741,821.84 33,741,821.84
=======================================================
NONRECOVERABLE ADVANCE RECONCILIATION
99 Beginning of Month 0.00
100 Current Month Unpaid Nonrecoverable Advance 0.00
101 Less: Current Month Reimbursement 0.00
------------------
102 End of Month 0.00
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</TABLE>
Page 3 of 4
<PAGE>
<TABLE>
ALLIANCE FUNDING COMPANY
BY SUPERIOR BANK - FSB SERVICING DIVISION
DESIGNATED SERVICER
SERVICER'S CERTIFICATE
1999-1 GROUP 1
IN ACCORDANCE WITH SECTION 6.08 OF THE POOLING AND SERVICING AGREEMENT DATED AS OF FEBRUARY 1, 1999
SUPERIOR BANK - FSB SERVICING DIVISION REPORTS THE FOLLOWING
INFORMATION PERTAINING TO SERIES 1999-1 GROUP 1 FOR APRIL 26, 1999, THE REMITTANCE DATE.
DUE PERIOD ENDED: APRIL 1, 1999
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
CLASS
TOTAL A1
--------------------------------------
<S> <C> <C>
103 Total Class Principal - Original Pool $275,000,000.00 $275,000,000.00
104 Interest Remittance Amount 1,315,916.44 1,315,916.44
105 Interest Rate Factor / 1000 4.785151 4.785151
106 Total Principal Collections 1,052,112.27 1,056,286.93
107 Prefunding Account Transfer 4,174.66 0.00
108 Additional Principal Reduction 931,058.00 931,058.00
--------------------------------------
109 Principal Remittance Amount 1,987,344.93 1,987,344.93
110 Principal Payment Factor/1000 7.226709 7.226709
111 Principal Factor 986.230178 986.230178
112 Prior Month Principal Factor 993.456887 993.456887
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</TABLE>
Page 4 of 4
<PAGE>
<TABLE>
ALLIANCE FUNDING COMPANY
BY SUPERIOR BANK - FSB SERVICING DIVISION
DESIGNATED SERVICER
SERVICER'S CERTIFICATE
1999-1 GROUP 2
IN ACCORDANCE WITH SECTION 6.08 OF THE POOLING AND SERVICING AGREEMENT DATED AS OF FEBRUARY 1, 1999
AND THE INSURANCE AGREEMENT DATED AS OF FEBRUARY 1, 1999, SUPERIOR BANK - FSB SERVICING DIVISION REPORTS THE FOLLOWING
INFORMATION PERTAINING TO SERIES 1999-1 GROUP 2 FOR APRIL 26, 1999 THE REMITTANCE DATE.
PERIOD ENDED: APRIL 1, 1999
-----------------------------------------------------------------------------------------------------------------------------
Page 1 of 4
<CAPTION>
<S> <C>
1 Total Actual Principal Collections 2,758,113.13
2 Total Actual Interest Collections 1,143,499.03
3 Less: Service Fees Previously Remitted 72,769.74
4 Additional Proceeds 0.00
---------------------
5 Total Collections: 3,828,842.42
6 Pre-Funding Account Transfer 2,268.88
7 Interest Coverage Account Transfer 516,978.81
Deferred Interest Coverage Account Transfer 46,861.15
---------------------
8 Aggregate Amount Received: 4,394,951.26
Monthly Advance
9 Interest Advance 437,347.40
10 Compensating Interest 6,978.97
11 Amounts Held for Future Distributions 0.00
12 Reserve Withdrawal Per Sec. 6.08 VII 0.00
---------------------
13 Available Remittance Amount: 4,839,277.63
14 Less: Service Fees 35,700.33
15 Less: Expense Account Deposit 2,048.74
16 Cross Collateral Deposit 0.00
---------------------
17 Adjusted Remittance Amount: 4,801,528.56
Remaining Amount Available:
18 Adjusted Remittance Amount 4,801,528.56
19 Insured Payments 0.00
20 Monthly Premium @ 20 bp
due Certificate Insurer 40,974.76
21 Class Remittance Amounts 4,760,553.80
22 Cross Collateral Withdrawal 0.00
23 Non-Recoverable Advances not
Previously Reimbursed 0.00
---------------------
24 Total Remaining Amount Available: 0.00
=====================
Amount of Reimbursements Pursuant to Sec. 5.04
25 Servicing Fee 0.00
26 Monthly Advances and Servicer Advances 0.00
27 Other Mortgage Payments 0.00
28 Interest Earned on P&I Deposits 0.00
29 Additional Servicing Compensation 0.00
---------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING COMPANY
BY SUPERIOR BANK - FSB SERVICING DIVISION
DESIGNATED SERVICER
SERVICER'S CERTIFICATE
1999-1 GROUP 2
IN ACCORDANCE WITH SECTION 6.08 OF THE POOLING AND SERVICING AGREEMENT DATED AS OF FEBRUARY 1, 1999
AND THE INSURANCE AGREEMENT DATED AS OF FEBRUARY 1, 1999, SUPERIOR BANK - FSB SERVICING DIVISION REPORTS THE FOLLOWING
INFORMATION PERTAINING TO SERIES 1999-1 GROUP 2 FOR APRIL 26, 1999 THE REMITTANCE DATE.
PERIOD ENDED: APRIL 1, 1999
-----------------------------------------------------------------------------------------------------------------------------
Page 2 of 4
<CAPTION>
TOTAL CLASS 2-A CLASS R
----- --------- -------
<S> <C> <C> <C>
30 Number of Loans 1487
31 Original Principal Balance 156,116,807.59 156,116,807.59
32 Original Pre-Funding Account Balance 97,477,909.43 97,477,909.43
33 Initial Overcollateralization 4,985,765.07 4,985,765.07
34 Realized Losses, LTD 0.00 0.00
35 Carryforward Amount 0.00 0.00
36 Aggregate Unpaid Principal Balance of Delinquent
Loans Repurchased per Sec. 5.11 0.00 0.00
------------------------------------------------------------------
37 Opening Class Principal Balance 248,608,951.95 248,608,951.95
38 Pool Factor per Loan Balance 62.4467230% 62.4467230%
39 Pool Factor per Class Balance 100.0000000% 100.0000000%
40 Excess Spread 0.00 0.00
41 Additional Principal due Class A 824,803.91 824,803.91
42 Cross Collateral Deposit 0.00 0.00
43 Cross Collateral Withdrawal 0.00 0.00 0.00
44 Interest Remittance 1,175,367.88 1,175,367.88
45 Available Funds Cap Carry Forward 0.00 0.00
Distribution (see schedule C)
PRINCIPAL ADDITIONS:
46 Number of Loans 967
47 Transfers from Pre-Funding Account 97,475,640.55 97,475,640.55
PRINCIPAL REDUCTIONS:
48 Prepayments - Number 22 22
49 Prepayments - Dollar 2,674,575.85 2,674,575.85
50 Delinquent Loans Repurchased - Number 0 0
51 Delinquent Loans Repurchased - Dollar 0.00 0.00
52 Net Liquidation Proceeds 0.00 0.00
53 Curtailments 5,513.21 5,513.21
54 Normal and Excess Payments 78,024.07 78,024.07
55 Pre-Funding Account Transfer 2,268.88 2,268.88
------------------------------------------------------------------
56 Total Principal Remittance 2,760,382.01 2,760,382.01
57 Additional Principal Reduction 824,803.91 824,803.91
------------------------------------------------------------------
58 Total Remittance 4,760,553.80 4,760,553.80 0.00
==================================================================
59 Carryforward Amount 0.00
60 Current Month Realized Loss - Number 0 0
61 Current Month Realized Loss - Dollar 0.00 0.00
CLASS PRINCIPAL BALANCE - EOM
62 Number of Loans # 2432
63 Closing Loan Balance 250,834,335.01 250,834,335.01
64 Pre-Funding Account Balance 0.00 0.00
65 Additional Principal Reduction, LTD 5,810,568.98 5,810,568.98
66 Realized Losses, LTD 0.00 0.00
67 Carryforward Amount 0.00 0.00
68 Aggregate Unpaid Principal Balance of Delinquent
Loans Repurchased per Sec. 5.11 0.00 0.00
-------------------------------------------
69 Closing Class Principal Balance 245,023,766.03 245,023,766.03
70 Pool Factor per Loan Balance 100.3337340% 100.3337340%
71 Pool Factor per Class Balance 98.0095064% 98.0095064%
---------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING COMPANY
BY SUPERIOR BANK - FSB SERVICING DIVISION
DESIGNATED SERVICER
SERVICER'S CERTIFICATE
1999-1 GROUP 2
IN ACCORDANCE WITH SECTION 6.08 OF THE POOLING AND SERVICING AGREEMENT DATED AS OF FEBRUARY 1, 1999
AND THE INSURANCE AGREEMENT DATED AS OF FEBRUARY 1, 1999, SUPERIOR BANK - FSB SERVICING DIVISION REPORTS THE FOLLOWING
INFORMATION PERTAINING TO SERIES 1999-1 GROUP 2 FOR APRIL 26, 1999 THE REMITTANCE DATE.
PERIOD ENDED: APRIL 1, 1999
-----------------------------------------------------------------------------------------------------------------------------
Page 3 of 4
<CAPTION>
<S> <C> <C> <C>
TOTAL CLASS A1
----- --------
72 Weighted Note Rate - This Remittance: 10.26590%
73 Weighted Note Rate - Next Remittance: 10.38305%
74 Available Cap Carry Foward Amount - This Remittance: 0.00
(see schedule C)
75 Pass-Through Rate: 5.31875% 5.31875%
76 Related Remittance Period: 25-Mar-99 thru 25-Apr-99
77 Days in Related Period: 32
78 Weighted Average Remaining Term 356.49
79 Original Pool - Principal Balance 156,587,131.22 156,587,131.22
80 Original Pool - Pre-Funding Account Balance 97,477,909.43 97,477,909.43
81 Original Pool - Initial Overcollateralization 4,065,040.65 4,065,040.65
-------------------------------------------
82 Original Pool - Class Principal Balance 250,000,000.00 250,000,000.00
83 Original Pool - Number of Loans 1490
----------------------------------------------------------------------------------------------------------------------------
CLASS A OVERCOLLATERALIZATION RECONCILIATION
Beginning of Month Current Month End of Month
---------------------------------------------------------------
84 Initial Overcollateralization 4,985,765.07 824,803.91 5,810,568.98
85 Cross Collateral Deposits, LTD 0.00 0.00 0.00
86 Less: Realized Losses, LTD 0.00 0.00 0.00
---------------------------------------------------------------
87 Overcollateralization of Principal 4,985,765.07 824,803.91 5,810,568.98
===============================================================
88 Base Overcollateralization Requirement 13,846,544.72
89 Required Overcollateralization 13,846,544.72
CURRENT MONTH SUBORDINATED AMOUNT Beginning of Month Current Month End of Month
--------------------------------- ---------------------------------------------------------------
90 Original Subordinated Amount 30,360,772.36 N/A 30,360,772.36
91 Less: Cumulative Realized Losses 0.00 0.00 0.00
92 Plus: Cumulative Additional Proceeds 0.00 0.00 0.00
---------------------------------------------------------------
93 Current Subordinated Amount 30,360,772.36 30,360,772.36
===============================================================
NONRECOVERABLE ADVANCE RECONCILIATION
94 Beginning of Month 0.00
95 Current Month Nonrecoverable Advance 0.00
96 Less: Current Month Reimbursment 0.00
---------------------
97 End of Month 0.00
=====================
---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING COMPANY
BY SUPERIOR BANK - FSB SERVICING DIVISION
DESIGNATED SERVICER
SERVICER'S CERTIFICATE
1999-1 GROUP 2
IN ACCORDANCE WITH SECTION 6.08 OF THE POOLING AND SERVICING AGREEMENT DATED AS OF FEBRUARY 1, 1999
AND THE INSURANCE AGREEMENT DATED AS OF FEBRUARY 1, 1999, SUPERIOR BANK - FSB SERVICING DIVISION REPORTS THE FOLLOWING
INFORMATION PERTAINING TO SERIES 1999-1 GROUP 2 FOR APRIL 26, 1999 THE REMITTANCE DATE.
PERIOD ENDED: APRIL 1, 1999
-----------------------------------------------------------------------------------------------------------------------------
Page 4 of 4
<CAPTION>
CLASS
A1
-------------------------------------------
<S> <C> <C>
98 Total Class Principal - Original Pool $250,000,000.00 $250,000,000.00
99 Interest Remittance Amount 1,175,367.88 1,175,367.88
100 Interest Rate Factor / 1000 4.701472 4.701472
101 Total Principal Collections 2,758,113.13 2,758,113.13
102 Prefunding Account Transfer 2,268.88 2,268.88
103 Additional Principal Reduction 824,803.91 824,803.91
-------------------------------------------
104 Principal Remittance Amount 3,585,185.92 3,585,185.92
105 Principal Payment Factor/1000 14.340744 14.340744
106 Principal Factor 980.095064 980.095064
107 Prior Month Principal Factor 994.435808 994.435808
</TABLE>
