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: May 25, 2000
(Date of earliest event reported)
ABN AMRO Mortgage Corporation
(Sponsor)
(Issuer in Respect of Commercial Mortgage Pass-Through
Certificates Series 1998-5)
Exact name of registrant as specified in charter)
Delaware 333-57027 363886007
(State or other juris- (Commission (I.R.S. Employer
diction of organization) File No.) Identification No.)
181 West Madison Street Chicago, Illinois 60602
(Address of principal executive offices) (Zip Code)
Registrants Telephone Number, including area code
(248) 643-2530
(Former name or former address, if changed since
last report.)
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS
(c) Exhibits
Exhibit No. Description
Monthly distribution report pursuant to
Section 4.02 of the Pooling and Servicing Agreement
for the distribution on May 25, 2000.
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be
signed on behalf of the Registrant by the undersigned
thereunto duly authorized.
LASALLE NATIONAL BANK, IN
ITS CAPACITY AS TRUSTEE
UNDER THE POOLING AND
SERVICING AGREEMENT ON
BEHALF OF ABN AMRO Mortgage
Corporation, REGISTRANT
By:
/s/ Russell Goldenberg
Russell Goldenberg,
Senior Vice President
Date: May 25, 2000
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ABN AMRO
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LASALLE BANK
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N.A.
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ABN AMRO MORTGAGE CORPORATION
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STATEMENT DATE:
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05/25/2000
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ABN AMRO MORTGAGE GROUP, INC., AS SERVICER
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PAYMENT DATE:
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05/25/2000
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135 S. LASALLE STREET SUITE 1625
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CHICAGO, IL 60674-4107
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MULTI CLASS MORTGAGE PASS-THROUGH CERTIFICATES
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PRIOR PAYMENT:
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04/25/2000
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SERIES 1998-5
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NEXT PAYMENT:
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06/26/2000
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RECORD DATE:
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04/28/2000
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ABN AMRO ACCT: 67-8063-10-8
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ADMINISTRATOR:
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REPORTING PACKAGE TABLE OF CONTENTS
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ANALYST:
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SHARON BRYANT (312) 904-6709
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TRACEY GOOCH (714) 282-3980 (252)
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[email protected]
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[email protected]
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PAGE(S)
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ISSUE ID:
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ABN98005
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CLOSING DATE:
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12/23/1998
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STATEMENTS TO CERTIFICATEHOLDERS
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PAGE 2-4
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ASAP #:
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379
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CASH RECONCILIATION SUMMARY
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PAGE 5
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FIRST PAYMENT DATE:
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1/25/1999
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MONTHLY DATA FILE NAME:
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BOND INTEREST RECONCILIATION
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PAGE 6
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ASSUMED FINAL PAYMENT: DATE:
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1/25/2029
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ASSET-BACKED FACTS ~ 15 MONTH LOAN STATUS SUMMARY
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PAGE 7
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ABN98005_200005_3.EXE
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OTHER RELATED INFORMATION
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PAGE 8
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REALIZED LOSS DETAIL
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PAGE 9
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PARTIES TO THE TRANSACTION
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ISSUER: ABN AMRO INC.
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DEPOSITOR: ABN AMRO CHICAGO CORP.
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UNDERWRITER: BEAR STEARNS & CO.
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MASTER SERVICER: LASALLE HOME MORTGAGE CORPORATION
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SPECIAL SERVICER: LASALLE HOME MORTGAGE CORPORATION
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RATING AGENCY: STANDARD & POOR'S CORPORATION/FITCH INVESTOR SERVICES, INC.
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INFORMATION IS AVAILABLE FOR THIS ISSUE FROM THE FOLLOWING SOURCES
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LASALLE WEB SITE
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WWW.LNBABS.COM
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SERVICER WEB SITE
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LASALLE BULLETIN BOARD
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(714) 282-3990
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LASALLE ASAP FAX BACK SYSTEM
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(714) 282-5518
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LASALLE FACTOR LINE
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(800) 246-5761
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05/24/2000 - 14:46 (C069-C086) 2000 LASALLE BANK N.A.
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PAGE 1 OF 9
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ABN AMRO
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LASALLE BANK
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N.A.
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ABN AMRO MORTGAGE CORPORATION
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ABN AMRO MORTGAGE GROUP, INC., AS SERVICER
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STATEMENT DATE:
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05/25/2000
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MULTI CLASS MORTGAGE PASS-THROUGH CERTIFICATES
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PAYMENT DATE:
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05/25/2000
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WAC:
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7.071783%
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SERIES 1998-5
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PRIOR PAYMENT:
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04/25/2000
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NEXT PAYMENT:
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06/26/2000
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WAMM:
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317
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RECORD DATE:
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04/28/2000
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CURRENT INDEX:
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6.132500%
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NEXT INDEX:
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6.197500%
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REMIC II
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ABN AMRO ACCT: 67-8063-10-8
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ORIGINAL
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OPENING
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PRINCIPAL
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PRINCIPAL
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NEGATIVE
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CLOSING
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INTEREST
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INTEREST
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PASS-THROUGH
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CLASS
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FACE VALUE (1)
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BALANCE
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PAYMENT
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ADJ. OR LOSS
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AMORTIZATION
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BALANCE
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PAYMENT (2)
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ADJUSTMENT
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RATE
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CUSIP
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PER $ 1000
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PER $ 1000
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PER $ 1000
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PER $ 1000
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PER $ 1000
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PER $ 1000
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PER $ 1000
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NEXT RATE(3)
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A-1
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10,299,000.00
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10,299,000.00
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0.00
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0.00
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0.00
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10,299,000.00
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51,495.00
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0.00
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6.00000000%
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00077BDR1
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1000.000000000
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0.000000000
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0.000000000
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0.000000000
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1000.000000000
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5.000000000
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0.000000000
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FIXED
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A-2
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17,661,000.00
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17,661,000.00
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0.00
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0.00
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0.00
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17,661,000.00
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89,040.88
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0.00
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6.05000000%
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00077BDS9
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1000.000000000
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0.000000000
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0.000000000
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0.000000000
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1000.000000000
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5.041666950
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0.000000000
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FIXED
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A-3
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45,022,000.00
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45,022,000.00
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0.00
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0.00
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0.00
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45,022,000.00
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232,613.67
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0.00
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6.20000000%
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00077BDT7
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1000.000000000
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0.000000000
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0.000000000
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0.000000000
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1000.000000000
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5.166666741
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0.000000000
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FIXED
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A-4
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97,921,000.00
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77,121,764.48
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1,385,841.34
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0.00
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0.00
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75,735,923.14
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385,608.82
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0.00
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6.00000000%
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00077BDU4
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787.591675739
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14.152646930
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0.000000000
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0.000000000
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773.439028809
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3.937958354
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0.000000000
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FIXED
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A-5
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46,804,614.00
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50,561,312.73
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40,964.15
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0.00
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262,752.55
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50,783,101.13
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102,296.32
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(0.01)
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8.66390978%
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00077BDV2
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1080.263427234
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0.875216063
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0.000000000
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5.613817262
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1085.002028432
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2.185603325
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(0.000000214)
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8.640738621%
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A-6
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8,084,625.00
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5,389,787.87
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0.00
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0.00
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0.00
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5,389,787.87
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31,361.83
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0.00
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6.98250000%
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00077BEA7
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666.671350867
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0.000000000
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0.000000000
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0.000000000
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666.671350867
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3.879194149
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0.000000000
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7.047500000%
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A-7
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2,694,875.00
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1,796,595.95
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0.00
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0.00
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0.00
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1,796,595.95
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9,061.58
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0.00
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6.05250000%
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00077BEB5
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666.671348393
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0.000000000
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0.000000000
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0.000000000
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666.671348393
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3.362523308
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0.000000000
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5.857500000%
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A-8
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3,884,200.00
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0.00
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0.00
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0.00
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0.00
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0.00
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0.00
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0.00
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6.75000000%
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00077BEC3
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0.000000000
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0.000000000
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0.000000000
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0.000000000
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0.000000000
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0.000000000
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0.000000000
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FIXED
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A-9
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3,259,834.00
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N
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2,571,231.76
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0.00
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0.00
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0.00
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2,568,092.12
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14,463.18
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0.00
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6.75000000%
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00077BED1
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788.761562705
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0.000000000
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0.000000000
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0.000000000
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787.798433908
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4.436784204
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0.000000000
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6.750000000%
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A-10
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82,107.00
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N
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66,262.10
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0.00
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0.00
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0.00
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65,906.93
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372.72
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0.00
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6.75000000%
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00077BEE9
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807.021325831
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0.000000000
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0.000000000
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0.000000000
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802.695628875
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4.539442435
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0.000000000
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6.750000000%
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A-11
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1,872,184.00
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2,022,452.00
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1,638.56
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0.00
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10,510.10
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2,031,323.54
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4,091.85
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(0.01)
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8.66391235%
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00077BEF6
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|
1080.263478376
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0.875213120
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0.000000000
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5.613817873
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1085.002083129
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2.185602484
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(0.000005341)
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8.640741133%
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M
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4,880,000.00
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4,791,761.71
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5,864.77
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0.00
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0.00
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4,785,896.94
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26,953.66
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0.00
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6.75000000%
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00077BEL3
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|
981.918383197
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1.201797131
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0.000000000
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0.000000000
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980.716586066
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|
5.523290984
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0.000000000
|
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FIXED
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B-1
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1,952,100.00
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|
1,916,802.87
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2,346.03
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0.00
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0.00
|
1,914,456.84
|
10,782.02
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0.00
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6.75000000%
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00077BEM1
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|
981.918380206
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1.201798064
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0.000000000
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0.000000000
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980.716582142
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|
5.523292864
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0.000000000
|
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FIXED
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B-2
|
976,000.00
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|
958,352.35
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1,172.95
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0.00
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0.00
|
957,179.40
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5,390.73
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0.00
|
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6.75000000%
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00077BEN9
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|
981.918391393
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1.201793033
|
0.000000000
|
0.000000000
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980.716598361
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|
5.523288934
|
0.000000000
|
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FIXED
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|
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|
|
B-3
|
732,000.00
|
|
718,764.25
|
879.72
|
0.00
|
0.00
|
717,884.53
|
4,043.05
|
0.00
|
|
6.75000000%
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|
|
00077BEQ2
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|
981.918374317
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1.201803279
|
0.000000000
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0.000000000
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980.716571038
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|
5.523292350
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0.000000000
|
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FIXED
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|
B-4
|
488,000.00
|
|
479,176.16
|
586.48
|
0.00
|
0.00
|
478,589.68
|
2,695.37
|
0.00
|
|
6.75000000%
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|
|
00077BER0
|
|
981.918360656
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1.201803279
|
0.000000000
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0.000000000
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980.716557377
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|
5.523299180
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0.000000000
|
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FIXED
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|
|
B-5
|
732,070.84
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|
718,833.15
|
879.80
|
0.00
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0.00
|
717,953.35
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4,043.44
|
0.00
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|
6.75000000%
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00077BES8
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|
981.917473997
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1.201796263
|
0.000000000
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0.000000000
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980.715677734
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|
5.523290615
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0.000000000
|
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FIXED
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|
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R (COMPONENT R-2)
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100.00
|
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
|
6.75000000%
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|
|
00077BEP4
|
|
0.000000000
|
0.000000000
|
0.000000000
|
0.000000000
|
0.000000000
|
|
0.000000000
|
0.000000000
|
|
FIXED
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|
|
|
|
|
|
|
|
TOTAL
|
|
244,003,768.84
|
|
219,457,603.52
|
1,440,173.80
|
0.00
|
273,262.65
|
218,290,692.37
|
974,314.12
|
(0.02)
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|
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|
TOTAL P&I PAYMENT
|
|
2,414,487.92
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R-1
|
0.00
|
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
|
N/A
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|
|
NONE
|
|
0.000000000
|
0.000000000
|
0.000000000
|
0.000000000
|
0.000000000
|
|
0.000000000
|
0.000000000
|
|
|
|
|
|
|
|
|
TOTAL
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|
0.00
|
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
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TOTAL P&I PAYMENT
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|
0.00
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NOTES: (1) N DENOTES NOTIONAL BALANCE NOT INCLUDED IN TOTAL (2) ACCRUED INTEREST PLUS/MINUS INTEREST ADJUSTMENT MINUS DEFERRED INTEREST EQUALS INTEREST PAYMENT (3) ESTIMATED
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05/24/2000 - 14:46 (C069-C086) 2000 LASALLE BANK N.A.
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PAGE 2 OF 9
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|
|
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ABN AMRO
|
|
|
|
|
|
LASALLE BANK
|
|
N.A.
|
|
|
|
ABN AMRO MORTGAGE CORPORATION
|
|
|
|
ABN AMRO MORTGAGE GROUP, INC., AS SERVICER
|
STATEMENT DATE:
|
05/25/2000
|
|
|
MULTI CLASS MORTGAGE PASS-THROUGH CERTIFICATES
|
PAYMENT DATE:
|
|
05/25/2000
|
|
|
PRIOR PAYMENT:
|
|
04/25/2000
|
|
|
SERIES 1998-5
|
NEXT PAYMENT:
|
|
06/26/2000
|
|
|
RECORD DATE:
|
|
04/28/2000
|
|
|
ABN AMRO ACCT: 67-8063-10-8
|
|
|
CASH RECONCILIATION SUMMARY
|
|
|
|
|
|
|
INTEREST SUMMARY
|
|
SERVICING FEE SUMMARY
|
|
PRINCIPAL SUMMARY
|
|
|
CURRENT SCHEDULED INTEREST
|
1,224,252.62
|
|
CURRENT SERVICING FEES
|
43,274.59
|
|
SCHEDULED:
|
|
|
LESS DEFERRED INTEREST
|
0.00
|
|
PLUS FEES ADVANCED FOR PPIS
|
0.00
|
|
CURRENT SCHEDULED PRINCIPAL
|
257,566.50
|
|
|
PLUS ADVANCE INTEREST
|
66,598.75
|
|
LESS REDUCTION FOR PPIS
|
(2,579.86)
|
|
ADVANCED SCHEDULED PRINCIPAL
|
14,430.37
|
|
|
PLUS UNSCHEDULED INTEREST
|
0.00
|
|
PLUS UNSCHEDULED SERVICING FEES
|
0.00
|
|
SCHEDULED PRINCIPAL DISTRIBUTION
|
271,996.87
|
|
|
PPIS REDUCING SCHEDULED INTEREST
|
(2,579.86)
|
|
TOTAL SERVICING FEES PAID
|
40,694.73
|
|
UNSCHEDULED:
|
|
|
LESS TOTAL FEES PAID TO SERVICER
|
(40,694.73)
|
|
CURTAILMENTS
|
78,773.15
|
|
|
PLUS FEES ADVANCED FOR PPIS
|
0.00
|
|
PREPAYMENTS IN FULL
|
816,141.12
|
|
|
LESS FEE STRIPS PAID BY SERVICER
|
0.00
|
|
PPIS SUMMARY
|
|
LIQUIDATION PROCEEDS
|
0.00
|
|
|
LESS MISC. FEES & EXPENSES
|
0.00
|
|
GROSS PPIS
|
|
2,579.86
|
|
REPURCHASE PROCEEDS
|
0.00
|
|
|
LESS NON RECOVERABLE ADVANCES
|
0.00
|
|
REDUCED BY PPIE
|
0.00
|
|
OTHER PRINCIPAL PROCEEDS
|
0.00
|
|
|
INTEREST DUE TRUST
|
1,247,576.77
|
|
REDUCED BY SHORTFALLS IN FEES
|
0.00
|
|
UNSCHEDULED PRINCIPAL DISTRIBUTION
|
894,914.27
|
|
|
LESS TRUSTEE FEE
|
0.00
|
|
REDUCED BY OTHER AMOUNTS
|
0.00
|
|
REMITTANCE PRINCIPAL
|
1,166,911.14
|
|
|
LESS FEE STRIPS PAID BY TRUST
|
0.00
|
|
NET PPIS
|
2,579.86
|
|
|
LESS MISC. FEES PAID BY TRUST
|
0.00
|
|
PPIS REDUCING SERVICING FEE
|
|
2,579.86
|
|
SERVICER WIRE AMOUNT
|
2,414,487.91
|
|
|
REMITTANCE INTEREST
|
1,247,576.77
|
|
PPIS ALLOCATED TO CERTIFICATES
|
|
0.00
|
|
|
|
|
POOL BALANCE SUMMARY
|
|
|
BALANCE/AMOUNT
|
COUNT
|
|
|
BEGINNING POOL
|
|
219,457,604.97
|
|
662
|
|
|
SCHEDULED PRINCIPAL DISTRIBUTION
|
|
271,996.87
|
|
|
UNSCHEDULED PRINCIPAL DISTRIBUTION
|
|
894,914.27
|
|
2
|
|
|
DEFERRED INTEREST
|
|
0.00
|
|
|
LIQUIDATIONS
|
|
0.00
|
|
0
|
|
|
REPURCHASES
|
|
0.00
|
|
0
|
|
|
ENDING POOL
|
|
218,290,693.83
|
|
660
|
|
|
ADVANCES
|
|
|
PRIOR OUTSTANDING
|
CURRENT PERIOD
|
|
RECOVERED
|
ENDING OUTSTANDING
|
|
|
PRINCIPAL
|
|
INTEREST
|
|
PRINCIPAL
|
|
INTEREST
|
|
PRINCIPAL
|
|
INTEREST
|
|
PRINCIPAL
|
|
INTEREST
|
|
|
MADE BY:
|
|
15,233.57
|
|
62,886.52
|
|
14,430.37
|
|
15,797.84
|
|
3,753.71
|
|
14,204.77
|
|
15,766.75
|
|
64,479.59
|
|
|
|
|
05/24/2000 - 14:46 (C069-C086) 2000 LASALLE BANK N.A.
|
|
PAGE 5 OF 9
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|
ABN AMRO
|
|
|
|
|
|
LASALLE BANK
|
|
N.A.
|
|
|
|
|
|
ABN AMRO MORTGAGE CORPORATION
|
|
|
|
|
ABN AMRO MORTGAGE GROUP, INC., AS SERVICER
|
STATEMENT DATE:
|
05/25/2000
|
|
|
PAYMENT DATE:
|
|
05/25/2000
|
|
|
MULTI CLASS MORTGAGE PASS-THROUGH CERTIFICATES
|
|
|
PRIOR PAYMENT:
|
|
04/25/2000
|
|
|
SERIES 1998-5
|
|
|
NEXT PAYMENT:
|
|
06/26/2000
|
|
|
RECORD DATE:
|
|
04/28/2000
|
|
|
|
|
|
|
ABN AMRO ACCT: 67-8063-10-8
|
|
|
BOND INTEREST RECONCILIATION
|
|
|
|
|
|
|
DEDUCTIONS
|
|
ADDITIONS
|
|
|
REMAINING
|
|
|
ACCRUAL
|
|
PASS
|
|
ACCRUED
|
|
ADD.
|
|
|
|
DEFERRED &
|
|
|
|
PRIOR
|
|
PREPAY-
|
|
OTHER
|
DISTRIBUTABLE
|
|
INTEREST
|
OUTSTANDING
|
|
|
CREDIT SUPPORT
|
|
|
THRU
|
|
CERTIFICATE
|
|
ALLOCABLE
|
|
TRUST
|
|
ACCRETION
|
|
INTEREST
|
INT. SHORT-
|
|
MENT
|
INTEREST
|
|
CERTIFICATE
|
|
PAYMENT
|
|
INTEREST
|
|
|
CLASS
|
|
METHOD DAYS
|
|
RATE
|
|
INTEREST
|
|
PPIS
|
|
EXPENSE (1)
|
|
INTEREST
|
|
LOSSES
|
FALLS DUE
|
|
PENALTIES
|
PROCEEDS (2)
|
|
|
|
INTEREST
|
|
|
|
AMOUNT
|
|
SHORTFALLS
|
|
ORIGINAL
|
|
CURRENT(3)
|
|
|
|
|
A-1
|
|
30/360
|
|
30
|
|
6.000000000%
|
|
51,495.00
|
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
51,495.00
|
|
51,495.00
|
|
0.00
|
|
2.67%
|
|
3.22%
|
|
|
A-2
|
|
30/360
|
|
30
|
|
6.050000000%
|
|
89,040.88
|
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
89,040.88
|
|
89,040.88
|
|
0.00
|
|
2.67%
|
|
3.22%
|
|
|
A-3
|
|
30/360
|
|
30
|
|
6.200000000%
|
|
232,613.67
|
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
232,613.67
|
|
232,613.67
|
|
0.00
|
|
2.67%
|
|
3.22%
|
|
|
A-4
|
|
30/360
|
|
30
|
|
6.000000000%
|
|
385,608.82
|
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
385,608.82
|
|
385,608.82
|
|
0.00
|
|
2.67%
|
|
3.22%
|
|
|
A-5
|
|
30
|
|
8.663909784%
|
|
365,048.88
|
|
0.00
|
|
0.00
|
262,752.55
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
365,048.88
|
|
102,296.32
|
|
0.00
|
|
2.67%
|
|
3.22%
|
|
|
A-6
|
|
30/360
|
|
30
|
|
6.982500000%
|
|
31,361.83
|
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
31,361.83
|
|
31,361.83
|
|
0.00
|
|
2.67%
|
|
3.22%
|
|
|
A-7
|
|
30/360
|
|
30
|
|
6.052500000%
|
|
9,061.58
|
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
9,061.58
|
|
9,061.58
|
|
0.00
|
|
2.67%
|
|
3.22%
|
|
|
A-8
|
|
30/360
|
|
30
|
|
6.750000000%
|
|
0.00
|
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
|
2.67%
|
|
3.22%
|
|
|
A-9
|
|
30/360
|
|
30
|
|
6.750000000%
|
|
14,463.18
|
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
14,463.18
|
|
14,463.18
|
|
0.00
|
|
NA
|
|
NA
|
|
|
A-10
|
|
30/360
|
|
30
|
|
6.750000000%
|
|
372.72
|
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
372.72
|
|
372.72
|
|
0.00
|
|
NA
|
|
NA
|
|
|
A-11
|
|
30
|
|
8.663912355%
|
|
14,601.96
|
|
0.00
|
|
0.00
|
10,510.10
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
14,601.96
|
|
4,091.85
|
|
0.00
|
|
2.67%
|
|
3.22%
|
|
|
M
|
|
30/360
|
|
30
|
|
6.750000000%
|
|
26,953.66
|
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
26,953.66
|
|
26,953.66
|
|
0.00
|
|
0.64%
|
|
1.00%
|
|
|
B-1
|
|
30/360
|
|
30
|
|
6.750000000%
|
|
10,782.02
|
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
10,782.02
|
|
10,782.02
|
|
0.00
|
|
0.00%
|
|
0.11%
|
|
|
B-2
|
|
30/360
|
|
30
|
|
6.750000000%
|
|
5,390.73
|
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
5,390.73
|
|
5,390.73
|
|
0.00
|
|
0.00%
|
|
0.00%
|
|
|
B-3
|
|
30/360
|
|
30
|
|
6.750000000%
|
|
4,043.05
|
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
4,043.05
|
|
4,043.05
|
|
0.00
|
|
0.00%
|
|
0.00%
|
|
|
B-4
|
|
30/360
|
|
30
|
|
6.750000000%
|
|
2,695.37
|
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
2,695.37
|
|
2,695.37
|
|
0.00
|
|
0.00%
|
|
0.00%
|
|
|
B-5
|
|
30/360
|
|
30
|
|
6.750000000%
|
|
4,043.44
|
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
4,043.44
|
|
4,043.44
|
|
0.00
|
|
0.00%
|
|
0.00%
|
|
|
R (COMPONENT R-2)
|
|
30/360
|
|
30
|
|
6.750000000%
|
|
0.00
|
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
|
2.67%
|
|
3.22%
|
|
|
1,247,576.79
|
0.00
|
0.00
|
273,262.65
|
|
0.00
|
0.00
|
|
0.00
|
|
0.00
|
1,247,576.79
|
|
974,314.12
|
|
0.00
|
|
|
|
|
(1) ADDITIONAL TRUST EXPENSES ARE FEES ALLOCATED DIRECTLY TO THE BOND RESULTING IN A DEDUCTION TO ACCRUED INTEREST AND NOT CARRIED AS AN OUTSTANDING SHORTFALL.
|
|
|
(2) OTHER INTEREST PROCEEDS INCLUDE DEFAULT INTEREST, PPIE, INTEREST DUE ON OUTSTANDING LOSSES, INTEREST DUE ON OUTSTANDING SHORTFALLS AND RECOVERIES OF INTEREST.
|
|
|
(3) DETERMINED AS FOLLOWS: (A) THE ENDING BALANCE OF ALL THE CLASSES LESS (B) THE SUM OF (I) THE ENDING BALANCE OF THE CLASS AND (II) THE ENDING BALANCE OF ALL CLASSES WHICH ARE NOT SUBORDINATE TO THE CLASS DIVIDED BY (A).
|
|
|
PAGE 6 OF 9
|
|
|
05/24/2000 - 14:46 (C069-C086) 2000 LASALLE BANK N.A.
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
ABN AMRO
|
|
|
|
|
|
LASALLE BANK
|
|
N.A.
|
|
|
|
ABN AMRO MORTGAGE CORPORATION
|
|
|
|
|
|
ABN AMRO MORTGAGE GROUP, INC., AS SERVICER
|
STATEMENT DATE:
|
|
05/25/2000
|
|
|
PAYMENT DATE:
|
|
05/25/2000
|
|
|
MULTI CLASS MORTGAGE PASS-THROUGH CERTIFICATES
|
|
|
PRIOR PAYMENT:
|
|
04/25/2000
|
|
|
SERIES 1998-5
|
|
|
NEXT PAYMENT:
|
|
06/26/2000
|
|
|
RECORD DATE:
|
|
04/28/2000
|
|
|
|
|
ABN AMRO ACCT: 67-8063-10-8
|
|
|
|
|
ASSET-BACKED FACTS ~ 15 MONTH HISTORICAL LOAN STATUS SUMMARY
|
|
|
|
|
|
|
DELINQUENCY AGING CATEGORIES
|
|
SPECIAL EVENT CATEGORIES (1)
|
|
|
|
|
|
|
DISTRIBUTION
|
|
DATE
|
DELINQ 1 MONTH
|
DELINQ 2 MONTHS
|
|
DELINQ 3+ MONTHS
|
|
FORECLOSURE
|
|
REO
|
MODIFICATIONS
|
|
SPECIALLY SERVICED
|
|
BANKRUPTCY
|
|
|
# BALANCE
|
# BALANCE
|
|
# BALANCE
|
|
# BALANCE
|
|
# BALANCE
|
|
# BALANCE
|
|
# BALANCE
|
|
# BALANCE
|
|
|
|
|
|
|
5/25/00
|
|
2
|
582,964
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
0
|
|
0
|
|
0
|
|
|
0.30%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
|
4/25/00
|
|
0
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
0
|
|
0
|
|
0
|
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
|
3/27/00
|
|
0
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
0
|
|
0
|
|
0
|
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
|
2/25/00
|
|
0
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
0
|
|
0
|
|
0
|
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
|
1/25/00
|
|
2
|
652,705
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
0
|
|
0
|
|
0
|
|
|
|
|
|
|
12/27/99
|
|
2
|
557,812
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
0
|
|
0
|
|
0
|
|
|
|
|
|
|
11/26/99
|
|
1
|
301,750
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
0
|
|
0
|
|
0
|
|
|
|
|
|
|
10/25/99
|
|
1
|
393,720
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
0
|
|
0
|
|
0
|
|
|
|
|
|
|
9/27/99
|
|
0
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
0
|
|
0
|
|
0
|
|
|
|
|
|
|
8/25/99
|
|
0
|
0
|
|
1
|
|
246,734
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
0
|
|
0
|
|
0
|
|
|
|
|
|
|
7/26/99
|
|
1
|
243,713
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
0
|
|
0
|
|
0
|
|
|
|
|
|
|
6/25/99
|
|
1
|
364,955
|
|
1
|
|
243,923
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
0
|
|
0
|
|
0
|
|
|
|
|
|
|
5/25/99
|
|
4
|
1,308,089
|
|
0
|
|
0
|
|
3
|
|
865,724
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
0
|
|
0
|
|
0
|
|
|
|
|
|
|
4/26/99
|
|
7
|
2,764,252
|
|
3
|
|
865,724
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
0
|
|
0
|
|
0
|
|
|
|
|
|
|
3/25/99
|
|
2
|
571,676
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
0
|
|
0
|
|
0
|
|
|
|
|
|
|
(1) NOTE: MODIFICATION, SPECIALLY SERVICED & BANKRUPTCY TOTALS ARE INCLUDED IN THE APPROPRIATE DELINQUENCY AGING CATEGORY
|
|
|
05/24/2000 - 14:46 (C069-C086) 2000 LASALLE BANK N.A.
|
|
PAGE 7 OF 9
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ABN AMRO
|
|
|
|
|
|
LASALLE BANK
|
|
N.A.
|
|
|
|
ABN AMRO MORTGAGE CORPORATION
|
|
|
|
ABN AMRO MORTGAGE GROUP, INC., AS SERVICER
|
STATEMENT DATE:
|
|
05/25/2000
|
|
|
MULTI CLASS MORTGAGE PASS-THROUGH CERTIFICATES
|
PAYMENT DATE:
|
|
05/25/2000
|
|
|
PRIOR PAYMENT:
|
|
04/25/2000
|
|
|
SERIES 1998-5
|
NEXT PAYMENT:
|
|
06/26/2000
|
|
|
RECORD DATE:
|
|
04/28/2000
|
|
|
ABN AMRO ACCT: 67-8063-10-8
|
|
|
OTHER RELATED INFORMATION
|
|
|
|
|
|
|
SPECIAL HAZARD COVERAGE
|
|
FRAUD LOSS COVERAGE
|
|
BANKRUPTCY LOSS COVERAGE
|
|
|
|
|
|
|
BEGINNING
|
|
BALANCE
|
|
|
|
CURRENT
|
|
REDUCTION
|
|
|
|
ENDING
|
|
BALANCE
|
|
|
|
BEGINNING
|
|
BALANCE
|
|
|
|
CURRENT
|
|
REDUCTION
|
|
|
|
ENDING
|
|
BALANCE
|
|
|
|
BEGINNING
|
|
BALANCE
|
|
|
|
CURRENT
|
|
REDUCTION
|
|
|
|
ENDING
|
|
BALANCE
|
|
|
|
|
|
|
|
|
|
|
|
|
2,440,029.00
|
|
0.00
|
|
2,440,029.00
|
|
2,440,029.00
|
|
0.00
|
|
2,440,029.00
|
|
100,000.00
|
|
0.00
|
|
100,000.00
|
|
|
|
|
|
|
|
|
|
|
TOTAL
|
|
|
NUMBER OF PAYOFFS:
|
|
2
|
|
|
AGGREGATE PAYOFF AMOUNTS:
|
|
816,141.12
|
|
|
NUMBER OF CURTAILMENTS:
|
|
142
|
|
|
AGGREGATE CURTAILMENT AMOUNTS:
|
|
78,398.01
|
|
|
NUMBER OF LOANS IN FORECLOSURE:
|
|
0
|
|
|
BOOK VALUE OF LOANS IN FORECLOSURE:
|
|
0.00
|
|
|
PRIOR REALIZED LOSSES ALLOCATED TO THE CERTIFICATES:
|
|
0.00
|
|
|
CURRENT REALIZED LOSSES ALLOCATED TO THE CERTIFICATES:
|
|
0.00
|
|
|
CUMULATIVE REALIZED LOSSES ALLOCATED TO THE CERTIFICATES SINCE CUTOFF:
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
05/24/2000 - 14:46 (C069-C086) 2000 LASALLE BANK N.A.
|
|
PAGE 8 OF 9
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ABN AMRO
|
|
|
|
|
|
LASALLE BANK
|
|
N.A.
|
|
|
|
ABN AMRO MORTGAGE CORPORATION
|
|
|
|
STATEMENT DATE:
|
|
05/25/2000
|
|
|
ABN AMRO MORTGAGE GROUP, INC., AS SERVICER
|
PAYMENT DATE:
|
|
05/25/2000
|
|
|
MULTI CLASS MORTGAGE PASS-THROUGH CERTIFICATES
|
PRIOR PAYMENT:
|
|
04/25/2000
|
|
|
SERIES 1998-5
|
NEXT PAYMENT:
|
|
06/26/2000
|
|
|
RECORD DATE:
|
|
04/28/2000
|
|
|
|
|
ABN AMRO ACCT: 67-8063-10-8
|
|
|
REALIZED LOSS DETAIL
|
|
|
|
|
|
|
BEGINNING
|
|
SCHEDULED
|
|
BALANCE
|
|
|
|
GROSS PROCEEDS
|
|
AS A % OF
|
|
SCHED. BALANCE
|
|
|
|
AGGREGATE
|
|
LIQUIDATION
|
|
EXPENSES *
|
|
|
|
NET
|
|
LIQUIDATION
|
|
PROCEEDS
|
|
|
|
NET PROCEEDS
|
|
AS A % OR
|
|
SCHED. BALANCE
|
|
|
|
|
|
|
PERIOD
|
|
|
|
DISCLOSURE
|
|
CONTROL #
|
|
|
|
APPRAISAL
|
|
DATE
|
|
|
|
APPRAISAL
|
|
VALUE
|
|
|
|
|
GROSS
|
|
PROCEEDS
|
|
|
|
|
|
|
|
REALIZED
|
|
LOSS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT TOTAL
|
|
|
CUMULATIVE
|
|
|
* AGGREGATE LIQUIDATION EXPENSES ALSO INCLUDE OUTSTANDING P&I ADVANCES AND UNPAID SERVICING FEES, UNPAID TRUSTEE FEES, ETC..
|
|
|
05/24/2000 - 14:46 (C069-C086) 2000 LASALLE BANK N.A.
|
|
PAGE 9 OF 9
|
