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Previous: SALOMON BROTHERS MRT SEC VII INC MRT PS THR CERT 1999-2, 8-K, 1999-10-28 |
Next: SUPERIOR BANK FSB AFC MORTGAGE LN ASSET BK CERT SER 1999 1, 8-K, 1999-10-28 |
================================================================================
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) September 25, 1999
SUPERIOR BANK FSB (as depositor under the Pooling and Servicing Agreement, dated
as of September 1, 1999, providing for the issuance of AFC Mortgage Loan Asset
Backed Certificates, Series 1999-3)
Superior Bank FSB
------------------------------------------------------
(Exact name of registrant as specified in its charter)
United States 333-83597 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
================================================================================
<PAGE>
Item 5. Other Events
On October 25, 1999 (a "Remittance Date") a scheduled remittance was
made to the Certificateholders with respect to AFC Mortgage Loan Asset Backed
Certificates, Series 1999-3, issued pursuant to a Pooling and Servicing
Agreement, dated as of September 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 October, 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: October 25, 1999
<PAGE>
EXHIBITS TABLE
21.1 Monthly Remittance Report for the month of October, 1999.
ALLIANCE FUNDING COMPANY
BY SUPERIOR BANK - FSB SERVICING DIVISION
DESIGNATED SERVICER
SERVICER'S CERTIFICATE
AFC MORTGAGE LOAN ASSET BACKED NOTES, SERIES
1999-3 GROUP 1
IN ACCORDANCE WITH SECTION 6.08 OF THE POOLING AND SERVICING AGREEMENT
DATED AS OF SEPTEMBER 1, 1999
SUPERIOR BANK - FSB SERVICING DIVISION REPORTS THE FOLLOWING
INFORMATION PERTAINING TO SERIES 1999-3 GROUP 1
FOR OCTOBER 25, 1999, THE REMITTANCE DATE.
DUE PERIOD ENDED: OCTOBER 1, 1999
================================================================================
1 Total Actual Principal Collections 514,343.73
2 Total Permanent Buydown Companion Interest 14,380.74
3 Total Actual Interest Collections 442,184.37
4 Less Service Fees Service Fees Previously Remitted 27,871.10
5 Additional Proceeds 0.00
------------
6 Total Collections: 943,037.74
7 Pre-Funding Account Transfer 0.00
8 Interest Coverage Account Transfer 1,031,267.42
9 Deferred Interest Coverage Account Transfer 216,199.04
------------
10 Aggregate Amount Received: 2,190,504.20
Monthly Advances
11 Interest Advance 1,444,390.71
12 Compensating Interest 1,234.30
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: 3,636,129.21
17 Service Fees 77,909.27
18 Expense Account Deposit: 2,727.27
------------
19 Adjusted Remittance Amount: 3,555,492.67
Remaining Amount Available:
20 Adjusted Remittance Amount 3,555,492.67
21 Insured Payments 0.00
22 Monthly Premium @ 20 bp
due Certificate Insurer 52,414.27
23 Cross Collateral Withdrawal 0.00
24 Class Remittance Amounts 3,503,078.40
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
================================================================================
Page 1 of 4
<PAGE>
ALLIANCE FUNDING COMPANY
BY SUPERIOR BANK - FSB SERVICING DIVISION
DESIGNATED SERVICER
SERVICER'S CERTIFICATE
AFC MORTGAGE LOAN ASSET BACKED NOTES, SERIES
1999-3 GROUP 1
IN ACCORDANCE WITH SECTION 6.08 OF THE POOLING AND SERVICING AGREEMENT
DATED AS OF SEPTEMBER 1, 1999
SUPERIOR BANK - FSB SERVICING DIVISION REPORTS THE FOLLOWING
INFORMATION PERTAINING TO SERIES 1999-3 GROUP 1
FOR OCTOBER 25, 1999, THE REMITTANCE DATE.
DUE PERIOD ENDED: OCTOBER 1, 1999
================================================================================
<TABLE>
<CAPTION>
Total Class 1A Equity Certificate
----- --------- ------------------
<S> <C> <C> <C>
31 Loans Outstanding - BOM 3224
32 Original Loan Balance 202,789,370.29 202,789,370.29
34 Pre-Funding Account Balance 124,483,356.98 124,483,356.98
35 Initial Overcollateralization 12,272,727.27 12,272,727.27
36 Realized Losses, LTD 0.00 0.00
38 Carryforward Amount 0.00 0.00
39 Aggregate Unpaid Principal Balance of Delinquent
Loans Repurchased per Sec. 5.11 0.00 0.00
-------------- --------------
40 Total Class Note Principal Balance 315,000,000.00 315,000,000.00
41 Group Factor per Loan Balance 64.3775779% 64.3775779%
42 Group Factor per Class Note Balance 100.0000000% 100.0000000%
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 Note A 1,580,094.04 1,580,094.04
47 Interest Remittance @ Pass-Through Rates 1,408,640.63 1,408,640.63
PRINCIPAL ADDITIONS:
48 Number of loans 929 929
49 Transfers from Pre-Funding Account 55,785,404.50 55,785,404.50
PRINCIPAL REDUCTIONS:
50 Prepayments - Number 7 7
51 Prepayments - Dollar 329,485.60 329,485.60
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 3,220.98 3,220.98
56 Normal and Excess Payments 181,637.15 181,637.15
57 Pre-Funding Account Transfer 0.00 0.00
-------------- -------------- ----
58 Total Principal Remittance 514,343.73 514,343.73
59 Additional Principal Reduction 1,580,094.04 1,580,094.04
-------------- -------------- ----
60 Total Remittance 3,503,078.40 3,503,078.40 0.00
============== ============== ====
61 Current Month Realized Loss - Number 0 0
62 Current Month Realized Loss - Dollar 0.00 0.00
61 LTD Realized Loss - Number 0
62 LTD Realized Loss - Dollar 0.00
CLASS NOTE PRINCIPAL BALANCE - EOM
64 Loans Outstanding - EOM 4146
65 Closing Loan Balance 258,060,431.06 258,060,431.06
67 Pre-Funding Account Balance 68,697,952.48 68,697,952.48
68 Additional Principal Reduction, LTD 13,852,821.31 13,852,821.31
69 Realized losses, LTD 0.00 0.00
71 Aggregate Unpaid Principal Balance of Delinquent
72 Loans Repurchased per Sec. 5.11 0.00 0.00
-------------- --------------
73 Total Class Note Principal Balance 312,905,562.23 312,905,562.23
74 Group Factor per Loan Balance 81.9239464% 81.9239464%
75 Group Factor per Class Note Balance 99.3350991% 99.3350991%
</TABLE>
================================================================================
Page 2 of 4
<PAGE>
ALLIANCE FUNDING COMPANY
BY SUPERIOR BANK - FSB SERVICING DIVISION
DESIGNATED SERVICER
SERVICER'S CERTIFICATE
AFC MORTGAGE LOAN ASSET BACKED NOTES, SERIES
1999-3 GROUP 1
IN ACCORDANCE WITH SECTION 6.08 OF THE POOLING AND SERVICING AGREEMENT
DATED AS OF SEPTEMBER 1, 1999
SUPERIOR BANK - FSB SERVICING DIVISION REPORTS THE FOLLOWING
INFORMATION PERTAINING TO SERIES 1999-3 GROUP 1
FOR OCTOBER 25, 1999, THE REMITTANCE DATE.
DUE PERIOD ENDED: OCTOBER 1, 1999
================================================================================
<TABLE>
<CAPTION>
Total Class A-1
----- ---------
<S> <C> <C> <C>
76 Weighted Note Rate - THIS Remittance 10.40766%
77 Weighted Note Rate - NEXT Remittance 10.40766%
78 Related Remittance Period for Libor Rate 28-Sep-99 thru 24-Oct-99
79 Days in Related Period 27
80 Pass-Through Rates 5.96250%
81 Weighted Average Remaining Term 261.91
82 Original Pool - Principal Balance 202,789,370.29 202,789,370.29
84 Original Pool - Pre-Funding Account 124,483,356.98 124,483,356.98
85 Original Pool - Additional Principal Reduction 12,272,727.27 12,272,727.27
------------------ ----------------
86 Original Pool Total 315,000,000.00 315,000,000.00
87 Original Pool - Number of Loans 3224
CLASS A OVERCOLLATERALIZATION RECONCILIATION
Beg.of Month Current Month End of Month
------------ ------------- ------------
88 Additional Principal Reduction, LTD 12,272,727.27 1,580,094.04 13,852,821.31
89 Cross Collateral Deposits 0.00 0.00 0.00
90 Realized Losses, LTD 0.00 0.00 0.00
------------- ------------ -------------
92 Overcollateralization of Principal 12,272,727.27 1,580,094.04 13,852,821.31
============= ============ =============
93 Base Overcollateralization Required 26,181,818.18
94 Required Overcollateralization Amount 26,181,818.18
AGGREGATE OVERCOLLATERALIZATION RECONCILIATION
Beg.of Month Current Month End of Month
------------ ------------- ------------
Class 1A Overcollateralization of Principal 12,272,727.27 1,580,094.04 13,852,821.31
Class 2A Overcollateralization of Principal 6,504,904.49 1,095,571.97 7,600,476.46
------------- ------------ -------------
Overcollateralization of Principal 18,777,631.76 2,675,666.01 21,453,297.77
============= ============ =============
Base Aggregate Overcollateralization Required 39,707,889.42
Required Aggregate Overcollateralization Amount 39,707,889.42
CURRENT MONTH SUBORDINATED AMOUNT
Beg.of Month Current Month End of Month
------------ ------------- ------------
95 Original Subordinated Amount 40,909,090.91 N/A 40,909,090.91
96 Less: Cumulative Realized Losses 0.00 0.00 0.00
97 Plus: Cumulative Additional Proceeds 0.00 0.00 0.00
------------- ---- -------------
98 Current Subordinated Amount 40,909,090.91 40,909,090.91
============= =============
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
================================================================================
Page 3 of 4
</TABLE>
<PAGE>
ALLIANCE FUNDING COMPANY
BY SUPERIOR BANK - FSB SERVICING DIVISION
DESIGNATED SERVICER
SERVICER'S CERTIFICATE
AFC MORTGAGE LOAN ASSET BACKED NOTES, SERIES
1999-3 GROUP 1
IN ACCORDANCE WITH SECTION 6.08 OF THE POOLING AND SERVICING AGREEMENT
DATED AS OF SEPTEMBER 1, 1999
SUPERIOR BANK - FSB SERVICING DIVISION REPORTS THE FOLLOWING
INFORMATION PERTAINING TO SERIES 1999-3 GROUP 1
FOR OCTOBER 25, 1999, THE REMITTANCE DATE.
DUE PERIOD ENDED: OCTOBER 1, 1999
================================================================================
<TABLE>
<CAPTION>
Class
Total A1
----- ------
<S> <C> <C>
103 Total Class Note Principal - Original Pool $315,000,000.00 $315,000,000.00
104 Interest Remittance Amount 1,408,640.63 1,408,640.63
105 Interest Rate Factor / 1000 4.471875 4.471875
106 Total Principal Collections 514,343.73 514,343.73
107 Prefunding Account Transfer 0.00 0.00
108 Additional Principal Reduction 1,580,094.04 1,580,094.04
--------------- ---------------
109 Principal Remittance Amount 2,094,437.77 2,094,437.77
110 Principal Payment Factor/1000 6.649009 6.649009
111 Principal Factor 993.350991 993.350991
================================================================================
</TABLE>
Page 4 of 4
<PAGE>
ALLIANCE FUNDING COMPANY
BY SUPERIOR BANK - FSB SERVICING DIVISION
DESIGNATED SERVICER
SERVICER'S CERTIFICATE
AFC MORTGAGE LOAN ASSET BACKED NOTES, SERIES
1999-3 GROUP 2
IN ACCORDANCE WITH SECTION 6.08 OF THE POOLING AND SERVICING AGREEMENT
DATED AS OF SEPTEMBER 1, 1999
SUPERIOR BANK - FSB SERVICING DIVISION REPORTS THE FOLLOWING
INFORMATION PERTAINING TO SERIES 1999-3 GROUP 2
FOR OCTOBER 25, 1999, THE REMITTANCE DATE.
DUE PERIOD ENDED: OCTOBER 1, 1999
================================================================================
1 Total Actual Principal Collections 547,139.89
3 Total Actual Interest Collections 241,202.25
4 Less Service Fees Service Fees Previously Remitted 14,600.31
5 Additional Proceeds 0.00
------------
6 Total Collections: 773,741.83
7 Pre-Funding Account Transfer 0.00
8 Interest Coverage Account Transfer 669,999.43
9 Deferred Interest Coverage Account Transfer 72,655.89
------------
10 Aggregate Amount Received: 1,516,397.15
Monthly Advances
11 Interest Advance 1,068,523.56
12 Compensating Interest 3,386.02
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: 2,588,306.73
17 Service Fees on Interest Coverage 44,756.86
18 Expense Account Deposit: 1,720.87
------------
19 Adjusted Remittance Amount: 2,541,829.00
Remaining Amount Available:
20 Adjusted Remittance Amount 2,541,829.00
21 Insured Payments 0.00
22 Monthly Premium @ 20 bp
due Certificate Insurer 33,242.14
23 Cross Collateral Withdrawal 0.00
24 Class Remittance Amounts 2,508,586.86
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
================================================================================
Page 1 of 4
<PAGE>
ALLIANCE FUNDING COMPANY
BY SUPERIOR BANK - FSB SERVICING DIVISION
DESIGNATED SERVICER
SERVICER'S CERTIFICATE
AFC MORTGAGE LOAN ASSET BACKED NOTES, SERIES
1999-3 GROUP 2
IN ACCORDANCE WITH SECTION 6.08 OF THE POOLING AND SERVICING AGREEMENT
DATED AS OF SEPTEMBER 1, 1999
SUPERIOR BANK - FSB SERVICING DIVISION REPORTS THE FOLLOWING
INFORMATION PERTAINING TO SERIES 1999-3 GROUP 2
FOR OCTOBER 25, 1999, THE REMITTANCE DATE.
DUE PERIOD ENDED: OCTOBER 1, 1999
================================================================================
<TABLE>
<CAPTION>
Total Class 1A Equity Certificate
----- -------- ------------------
<S> <C> <C> <C>
31 Loans Outstanding - BOM 1402
32 Original Loan Balance 128,473,131.74 128,473,131.74
34 Pre-Funding Account Balance 78,031,772.75 78,031,772.75
35 Initial Overcollateralization 6,504,904.49 6,504,904.49
36 Realized Losses, LTD 0.00 0.00
38 Carryforward Amount 0.00 0.00
39 Aggregate Unpaid Principal Balance of Delinquent
Loans Repurchased per Sec. 5.11 0.00 0.00
-------------- --------------
40 Total Class Note Principal Balance 200,000,000.00 200,000,000.00
41 Group Factor per Loan Balance 64.2365659% 64.2365659%
42 Group Factor per Note Balance 100.0000000% 100.0000000%
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 1,095,571.97 1,095,571.97
47 Interest Remittance @ Pass-Through Rates 865,875.00 865,875.00
PRINCIPAL ADDITIONS:
48 Number of loans 386 386
49 Transfers from Pre-Funding Account 34,874,461.00 34,874,461.00
PRINCIPAL REDUCTIONS:
50 Prepayments - Number 5 5
51 Prepayments - Dollar 512,757.20 512,757.20
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 0.00 0.00
56 Normal and Excess Payments 34,382.69 34,382.69
57 Pre-Funding Account Transfer 0.00 0.00
-------------- ------------
58 Total Principal Remittance 547,139.89 547,139.89
59 Additional Principal Reduction 1,095,571.97 1,095,571.97
-------------- ------------
60 Total Remittance 2,508,586.86 2,508,586.86 0.00
============== ============
61 Current Month Realized Loss - Number 0 0
62 Current Month Realized Loss - Dollar 0.00 0.00
61 LTD Realized Loss - Number 0
62 LTD Realized Loss - Dollar 0.00
CLASS NOTE PRINCIPAL BALANCE - EOM
64 Loans Outstanding - EOM 1783
65 Closing Loan Balance 162,800,452.85 162,800,452.85
67 Pre-Funding Account Balance 43,157,311.75 43,157,311.75
68 Additional Principal Reduction, LTD 7,600,476.46 7,600,476.46
69 Realized losses, LTD 0.00 0.00
71 Aggregate Unpaid Principal Balance of Delinquent
72 Loans Repurchased per Sec. 5.11 0.00 0.00
-------------- --------------
73 Total Class Note Principal Balance 198,357,288.14 198,357,288.14
74 Group Factor per Loan Balance 81.4002264% 81.4002264%
75 Group Factor per Class Note Balance 99.1786441% 99.1786441%
</TABLE>
================================================================================
Page 2 of 4
<PAGE>
ALLIANCE FUNDING COMPANY
BY SUPERIOR BANK - FSB SERVICING DIVISION
DESIGNATED SERVICER
SERVICER'S CERTIFICATE
AFC MORTGAGE LOAN ASSET BACKED NOTES, SERIES
1999-3 GROUP 2
IN ACCORDANCE WITH SECTION 6.08 OF THE POOLING AND SERVICING AGREEMENT
DATED AS OF SEPTEMBER 1, 1999
SUPERIOR BANK - FSB SERVICING DIVISION REPORTS THE FOLLOWING
INFORMATION PERTAINING TO SERIES 1999-3 GROUP 2
FOR OCTOBER 25, 1999, THE REMITTANCE DATE.
DUE PERIOD ENDED: OCTOBER 1, 1999
================================================================================
<TABLE>
<CAPTION>
Total Class A-1
----- ---------
<S> <C> <C> <C>
76 Weighted Note Rate - THIS Remittance 10.78552%
77 Weighted Note Rate - NEXT Remittance 10.78552%
78 Related Remittance Period for Libor Rate 28-Sep-99 thru 24-Oct-99
79 Days in Related Period 27
80 Pass-Through Rates 5.77250%
81 Weighted Average Remaining Term 357.31
82 Original Pool - Principal Balance 128,473,131.74 128,473,131.74
84 Original Pool - Pre-Funding Account 78,031,772.75 78,031,772.75
85 Original Pool - Additional Principal Reduction 6,504,904.49 6,504,904.49
-------------- --------------
86 Original Pool Total 200,000,000.00 200,000,000.00
87 Original Pool - Number of Loans 1402
CLASS A OVERCOLLATERALIZATION RECONCILIATION
Beg.of Month Current Month End of Month
------------ ------------- ------------
88 Additional Principal Reduction, LTD 6,504,904.49 1,095,571.97 7,600,476.46
89 Cross Collateral Deposits 0.00 0.00 0.00
90 Realized Losses, LTD 0.00 0.00 0.00
------------ ------------ -------------
92 Overcollateralization of Principal 6,504,904.49 1,095,571.97 7,600,476.46
============ ============ =============
93 Base Overcollateralization Required 13,526,071.24
94 Required Overcollateralization Amount 13,526,071.24
AGGREGATE OVERCOLLATERALIZATION RECONCILIATION
Beg.of Month Current Month End of Month
------------ ------------- ------------
Class 1A Overcollateralization of Principal 12,272,727.27 0.00 12,272,727.27
Class 2A Overcollateralization of Principal 6,504,904.49 1,095,571.97 7,600,476.46
------------ ------------ -------------
Overcollateralization of Principal 18,777,631.76 1,095,571.97 19,873,203.73
============= ============ =============
Base Aggregate Overcollateralization Required 39,707,889.42
Required Aggregate Overcollateralization Amount 39,707,889.42
CURRENT MONTH SUBORDINATED AMOUNT Beg.of Month Current Month End of Month
------------ ------------- ------------
95 Original Subordinated Amount 26,845,637.58 N/A 26,845,637.58
96 Less: Cumulative Realized Losses 0.00 0.00 0.00
97 Plus: Cumulative Additional Proceeds 0.00 0.00 0.00
------------ ------------ -------------
98 Current Subordinated Amount 26,845,637.58 26,845,637.58
============= =============
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
</TABLE>
================================================================================
Page 3 of 4
<PAGE>
ALLIANCE FUNDING COMPANY
BY SUPERIOR BANK - FSB SERVICING DIVISION
DESIGNATED SERVICER
SERVICER'S CERTIFICATE
AFC MORTGAGE LOAN ASSET BACKED NOTES, SERIES
1999-3 GROUP 2
IN ACCORDANCE WITH SECTION 6.08 OF THE POOLING AND SERVICING AGREEMENT
DATED AS OF SEPTEMBER 1, 1999
SUPERIOR BANK - FSB SERVICING DIVISION REPORTS THE FOLLOWING
INFORMATION PERTAINING TO SERIES 1999-3 GROUP 2
FOR OCTOBER 25, 1999, THE REMITTANCE DATE.
DUE PERIOD ENDED: OCTOBER 1, 1999
================================================================================
<TABLE>
<CAPTION>
Class
Total A1
----- ------
<S> <C> <C>
103 Total Class Note Principal - Original Pool $200,000,000.00 $200,000,000.00
104 Interest Remittance Amount 865,875.00 865,875.00
105 Interest Rate Factor/1000 4.329375 4.329375
106 Total Principal Collections 547,139.89 547,139.89
107 Prefunding Account Transfer 0.00 0.00
108 Additional Principal Reduction 1,095,571.97 1,095,571.97
-------------- ---------------
109 Principal Remittance Amount 1,642,711.86 1,642,711.86
110 Principal Payment Factor/1000 8.213559 8.213559
111 Principal Factor 991.786441 991.786441
</TABLE>
================================================================================
Page 4 of 4
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