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) July 15, 1996
Residential Funding Mortgage Securities I, Inc. (as company under
a Pooling and Servicing Agreement dated as of April 1, 1996
providing for, inter alia, the issuance of Mortgage Pass-Through
Certificates, Series 1996-S12)
Residential Funding Mortgage Securities I, Inc.
(Exact name of registrant as specified in its charter)
DELAWARE 33-54227 75-2006294
(State or other jurisdiction (Commission) (I.R.S. employer
of incorporation) file number) identification no.)
8400 Normandale Lake Blvd., Suite 600, Minneapolis, MN 55437
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (612) 832-7000
(Former name or former address, if changed since last report)
Exhibit Index Located on Page 2 Items 1 through 6
and Item 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 (executed copies) - The following
execution copies of Exhibits to the Form S-3 Registration
Statement of the Registrant are hereby filed:
Sequentially
Exhibit Numbered
Number Exhibit Page
7(c) Amendment No. 2, dated as of July 1, 1996, 004
to the Pooling and Servicing Agreement, dated
as of April 1, 1996 among Residential
Funding Mortgage Securities I, Inc.,
as company, Residential Funding Corporation,
as master servicer, and Bankers Trust Company,
as trustee.
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.
RESIDENTIAL FUNDING MORTGAGE
SECURITIES I, INC.
By: /s/ Randy Van Zee
Name: Randy Van Zee
Title: Vice President
Dated: July 31, 1996
Exhibit 7(c)
Amendment No. 2 to the
Pooling and Servicing Agreement
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC.,
Company,
RESIDENTIAL FUNDING CORPORATION,
Master Servicer,
and
BANKERS TRUST COMPANY,
Trustee
AMENDMENT NO. 2
dated as of July 1, 1996
Amending the
POOLING AND SERVICING AGREEMENT
among the Company, the Master Servicer
and the Trustee
Dated as of April 1, 1996
Mortgage Pass-Through Certificates
Series 1996-S12
AMENDMENT NO. 2, dated as of the 1st day of July 1996, to the
Agreement (defined below). Capitalized terms used herein shall
have the meanings given thereto in the Agreement.
WHEREAS, RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (the
"Company"), RESIDENTIAL FUNDING CORPORATION (the "Master
Servicer") and BANKERS TRUST COMPANY as trustee (the "Trustee")
entered into a Pooling and Servicing Agreement, dated as of April
1, 1996 (the "Agreement"), providing for the issuance of Mortgage
Pass-Through Certificates, Series 1996-S12;
WHEREAS, the Company and the Master Servicer represent that
the definition of Maximum Class A Rate in the Agreement was in
error and that Section 1 of this Amendment No. 2 would correct
that definition to conform to the intention of the parties;
WHEREAS, Section 12.01(a)(ii) of the Agreement permits the
amendment of the Agreement by the Company, the Master Servicer and
the Trustee, without the consent of any of the Certificateholders,
but with the consent of the Insurer, to correct any error;
WHEREAS, the Insurer has consented to the amendment to the
Agreement provided for herein; and
WHEREAS, the execution of this Amendment No. 2 has been duly
authorized by the Company, the Master Servicer and the Trustee;
NOW THEREFORE, the Company, the Master Servicer and the
Trustee hereby agree as follows:
Section 1.
The definition of Maximum Class A Rate included in Section
1.01 of the Agreement is hereby amended by deleting the portion of
the definition that follows the words "divided by" where they
first appear and inserting in its place the following:
"(y) the Certificate Principal
Balance of the Class A Certificates
for such Distribution Date
multiplied by (z) 360 divided by
the actual number of days in the
related Interest Accrual Period."
Section 2.
This Amendment No. 2 may be executed in any number of
counterparts, each of which shall be deemed to be an original, and
such counterparts shall constitute but one and the same
instrument.<PAGE>
IN WITNESS WHEREOF, the parties hereto have caused their
names to be signed hereto by their officers thereunto duly
authorized and their seal, duly attested, to be hereunto affixed,
all as of the day and year first above written.
RESIDENTIAL FUNDING MORTGAGE
SECURITIES I, INC.
[Seal]
By:/s/ Randy Van Zee
Name: Randy Van Zee
Title: Vice President
Attest: /s/ Diane S. Wold
Name: Diane S. Wold
Title: Vice President
RESIDENTIAL FUNDING CORPORATION
[Seal]
By: /s/ Diane S. Wold
Name: Diane S. Wold
Title: Director
Attest: /s/ Randy Van Zee
Name: Randy Van Zee
Title: Director
BANKERS TRUST COMPANY, as Trustee
[Seal]
By: /s/ Katherine M. Keller
Name: Katherine M. Keller
Title: Assistant Secretary
Attest: /s/ Gary R. Vaughan
Name: Gary R. Vaughan
Title: Assistant Vice President
<PAGE>
MBIA INSURANCE CORPORATION
Reference is made to the Pooling and Servicing
Agreement, dated as of April 1, 1996, among Residential Funding
Mortgage Securities I, Inc. (the "Company"), Residential Funding
Corporation (the Master Servicer") and Bankers Trust Company, as
Trustee (the "Trustee"), providing for the issuance of Mortgage
Pass-Through Certificates, Series 1996-S12 (the "Agreement).
Capitalized terms used and not defined herein have the meanings
given such terms in the Agreement.
The undersigned, a duly authorized representative of
the Insurer, hereby consents to Amendment No. 2 to the Agreement,
dated as of July 1, 1996, among the Company, the Master Servicer
and the Trustee.
MBIA INSURANCE CORPORATION
By:/s/ John D. Lohrs
Name: John D. Lohrs
Title: Vice President
Dated: July 15, 1996
