RESIDENTIAL ASSET MORTGAGE PRODUCTS INC
8-K, EX-25, 2000-06-16
ASSET-BACKED SECURITIES
Previous: RESIDENTIAL ASSET MORTGAGE PRODUCTS INC, 8-K, 2000-06-16
Next: PROGOLFTOURNAMENTS COM, S-1/A, 2000-06-16



                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM T-1

                            STATEMENT OF ELIGIBILITY
                   UNDER THE TRUST INDENTURE ACT OF 1939 OF A
                    CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN  APPLICATION  TO  DETERMINE  ELIGIBILITY  OF A TRUSTEE  PURSUANT  TO
                               SECTION 305(b)(2)

                  NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION
               (Exact name of trustee as specified in its charter)

A U.S. National Banking Association             41-1592157
(Jurisdiction of incorporation or               (I.R.S.Employer
organization if not a U.S. national             Identification No.)
bank)

Sixth Street and Marquette Avenue
Minneapolis, Minnesota                                        55479
(Address of principal executive offices)                      (Zip code)

                       Stanley S. Stroup, General Counsel
                  NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION
                        Sixth Street and Marquette Avenue
                          Minneapolis, Minnesota 55479
                                 (612) 667-1234
                               (Agent for Service)

                      GMACM Home Equity Loan Trust 2000-HE2
               (Exact name of obligor as specified in its charter)

Delaware                                                   Not Yet Received
(State or other jurisdiction of                          (I.R.S.Employer
incorporation or organization)                           Identification No.)

C\O Wilmington Trust
Rodney Square North
1100 North Market Street
Wilmington, DE                                           19890-0001
(Address of principal executive offices)                 (Zip code)

                       GMACM Home Equity Loan Trust 2000-HE2
            GMACM Home Equity Loan-Backed Term Notes, Series 2000-HE2
                       (Title of the indenture securities)
================================================================================


<PAGE>


Item 1.  General  Information.  Furnish  the  following  information  as to  the
     trustee:

      (a)    Name and address of each examining or supervising authority to
             which it is subject.

             Comptroller of the Currency
             Treasury Department
             Washington, D.C.

             Federal Deposit Insurance Corporation
             Washington, D.C.

             The Board of Governors of the Federal Reserve System
             Washington, D.C.

      (b)    Whether it is authorized to exercise corporate trust powers.

             The  trustee is  authorized  to exercise  corporate  trust
             powers.

Item 2.  Affiliations  with  Obligor.  If the  obligor  is an  affiliate  of the
     trustee, describe each such affiliation.

               None with respect to the trustee.

No responses are included for Items 3-14 of this Form T-1 because the obligor is
not in default as provided under Item 13.

Item 15.  Foreign Trustee.   Not applicable.

Item 16.  List of  Exhibits.  List  below all  exhibits  filed as a part of this
     Statement of Eligibility.  Trustee incorporates by reference into this Form
     T-1 the exhibits attached hereto.

          Exhibit 1. a. A copy of the Articles of Association of the trustee now
               in effect.*

          Exhibit 2. a. A copy of the certificate of authority of the trustee to
               commence business issued June 28, 1872, by the Comptroller of the
               Currency to The Northwestern National Bank of Minneapolis.*

                    b.   A copy of the  certificate  of the  Comptroller  of the
                         Currency   dated   January  2,  1934,   approving   the
                         consolidation  of The  Northwestern  National  Bank  of
                         Minneapolis and The Minnesota Loan and Trust Company of
                         Minneapolis,  with the  surviving  entity  being titled
                         Northwestern   National   Bank  and  Trust  Company  of
                         Minneapolis.*

                    c.   A copy of the certificate of the Acting  Comptroller of
                         the Currency  dated  January 12, 1943,  as to change of
                         corporate title of Northwestern National Bank and Trust
                         Company of Minneapolis to Northwestern National Bank of
                         Minneapolis.*

                    d.   A copy of the  letter  dated  May  12,  1983  from  the
                         Regional   Counsel,   Comptroller   of  the   Currency,
                         acknowledging   receipt   of  notice  of  name   change
                         effective May 1, 1983 from  Northwestern  National Bank
                         of  Minneapolis to Norwest Bank  Minneapolis,  National
                         Association.*

<PAGE>

                    e.   A copy of the  letter  dated  January  4, 1988 from the
                         Administrator  of National Banks for the Comptroller of
                         the Currency  certifying  approval of consolidation and
                         merger  effective  January  1,  1988  of  Norwest  Bank
                         Minneapolis,  National  Association  with various other
                         banks  under  the  title of  "Norwest  Bank  Minnesota,
                         National Association."*

          Exhibit3.  A copy of the  authorization  of the  trustee  to  exercise
               corporate  trust powers  issued  January 2, 1934,  by the Federal
               Reserve Board.*

          Exhibit 4. Copy of By-laws of the trustee as now in effect.*

          Exhibit 5. Not applicable.

          Exhibit 6. The  consent of the trustee  required by Section  321(b) of
               the Act.

          Exhibit 7. A copy of the latest  report of  condition  of the  trustee
               published  pursuant to law or the requirements of its supervising
               or examining authority. **

          Exhibit 8. Not applicable.

          Exhibit 9. Not applicable.

_____________________________________
        *      Incorporated  by reference to Exhibit 25 filed with  registration
               statement (number  33-66026) of trustee's  parent,  Wells Fargo &
               Company.

        **     Incorporated  by reference to Exhibit 25 filed with  registration
               statement (number  333-43005) of trustee's parent,  Wells Fargo &
               Company.


<PAGE>


                                    SIGNATURE


Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the
trustee,  Norwest  Bank  Minnesota,  National  Association,  a national  banking
association  organized  and  existing  under  the laws of the  United  States of
America,  has duly  caused this  statement  of  eligibility  to be signed on its
behalf  by the  undersigned,  thereunto  duly  authorized,  all in the  City  of
Columbia and State of Maryland on the 16th day of June, 2000.






                             NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION



                                    /s/ Peter A. Gobell
                             Name:  Peter A. Gobell
                             Title: Assistant Vice President



<PAGE>








                                    EXHIBIT 6




June 16, 2000


Securities and Exchange Commission
Washington, D.C.  20549

Gentlemen:

In  accordance  with  Section  321(b) of the  Trust  Indenture  Act of 1939,  as
amended,  the  undersigned  hereby  consents that reports of  examination of the
undersigned  made  by  Federal,  State,  Territorial,  or  District  authorities
authorized to make such  examination may be furnished by such authorities to the
Securities and Exchange Commission upon its request therefor.





                             Very truly yours,

                             NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION


                                /s/ Peter A. Gobell
                         Name:  Peter A. Gobell
                         Title: Assistant Vice President



<PAGE>




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission