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 26, 1997
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under the Pooling and
Servicing Agreement, dated as of September 1, 1997,
providing for the issuance of REMIC Multi-Class
Pass-Through Certificates, Series 1997-8)
GE Capital Mortgage Services, Inc.
(Exact name of registrant as specified in its charter)
New Jersey 33-5042 21-0627285
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
Three Executive Campus
Cherry Hill, New Jersey 08002
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code (609) 661-6100
<PAGE>
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
General.
On September 26, 1997 GE Capital Mortgage Services, Inc.
("GECMSI") offered to investors certain classes of its REMIC
Multi-Class Pass-Through Certificates, Series 1997-8 (the
"Certificates") evidencing beneficial ownership interests in a
trust fund (the "Trust Fund"). The assets of the Trust Fund
consist primarily of a pool ("Pool 1997-8") of conventional, one-
to four-family residential loans (the "Mortgage Loans").
Capitalized terms used herein and not otherwise defined shall
have the meanings assigned to them in the Prospectus dated May 8,
1997 as supplemented by the Prospectus Supplement dated September
19, 1997.
The original principal balance of each Class of the Certificates
is as follows:
Class A1 $18,563,000.00
Class A2 $13,339,000.00
Class A3 $29,292,000.00
Class A4 $13,131,000.00
Class A5 $18,652,000.00
Class A6 $21,902,000.00
Class A7 $99,594,000.00
Class A8 $55,000,000.00
Class A9 $4,251,000.00
Class A10 $11,731,000.00
Class A11 $21,579,000.00
Class A12 (1)
Class A13 $29,722,000.00
Class A14 $28,039,777.00
Class A15 $6,768,223.00
Class A16 $77,822,900.00
Class A17 $30,000,000.00
Class A18 (2)
Class A19 (2)
Class M $7,768,000.00
Class B1 $4,761,000.00
Class B2 $3,759,000.00
Class R1 $50.00
Class R2 $50.00
Class S (3)
---------------
Total : $495,675,000.00
(1) The Class A12 Certificate is an interest-only certificate
having an initial Notional Principal Balance of
$4,212,067.00.
(2) The Class A18 and Class A19 Certificates are interest-only
certificates each having an initial Notional Principal
Balance of $30,000,000.00.
(3) The Class S Certificates are issued with an initial
Notional Principal Balance of $473,473,790.99 and shall
bear interest at the Strip Rate (as defined in the Pooling
and Servicing Agreement).
2
<PAGE>
The initial Junior Percentage and initial Senior Percentage for
Pool 1997-8 are approximately 4.25% and 95.75%, respectively. The
initial Group I Senior Percentage and initial Group II Senior
Percentage are 90.00%, and 10.00%, respectively. The "Bankruptcy
Loss Amount," the "Fraud Loss Amount" and the "Special Hazard
Loss Amount" for Pool 1997-8 as of the initial issuance of the
Certificates are $206,916, $5,011,480 and $5,011,480,
respectively, representing approximately 0.04%, 1.00%, and 1.00%,
respectively, of the aggregate Scheduled Principal Balances of
the Mortgage Loans as of September 1, 1997 (the "Cut-off Date").
Description of the Mortgage Pool and the Mortgaged Properties
Pool 1997-8
Pool 1997-8 consists primarily of fixed-rate, fully-amortizing
conventional Mortgage Loans evidenced by Mortgage Notes which
have original maturities of 20 to 30 years and an aggregate
outstanding Scheduled Principal Balance as of the Cut-off Date,
after deducting payments of principal due on or before such date
and prepayments of principal received before such date, of
$501,148,045.23.
The interest rates (the "Mortgage Rates") borne by the 1,646
Mortgage Loans conveyed by GECMSI to Pool 1997-8 range from
6.8750% to 9.3750% and the weighted average Mortgage Rate as of
the Cut-off Date is 7.8450% per annum (all weighted averages in
this filing are weighted by aggregate outstanding Scheduled
Principal Balance as of the Cut-off Date). At origination, the
principal balances of the Mortgage Loans in Pool 1997-8 ranged
from $62,700.00 to $1,680,000.00, and, as of the Cut-off Date,
the average outstanding Scheduled Principal Balance of the
Mortgage Loans in Pool 1997-8 is $304,464.18 after application of
principal payments due on or before the Cut-off Date and
prepayments of principal received before such date. The earliest
origination date of any Mortgage Loan in Pool 1997-8 is October
1992, and the latest scheduled maturity date of any such Mortgage
Loan is September 2027. The weighted average loan-to-value ratio
of the Mortgage Loans as of the Cut-off Date in Pool 1997-8 is
77.6920%.
3
<PAGE>
The Mortgage Loans in Pool 1997-8 have the following
characteristics as of the Cut-off Date.
a) The following table sets forth information, as of the Cut-off
Date, with respect to the Mortgage Rates borne by the Mortgage
Loans in Pool 1997-8:
AGGREGATE % OF
BALANCES POOL BY
MORTGAGE # OF AS OF AGGREGATE
RATES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
6.8750% 1 $296,000.00 0.0591%
7.0050% 1 $280,007.18 0.0559%
7.1250% 1 $236,510.72 0.0472%
7.2500% 20 $6,031,494.01 1.2035%
7.3750% 55 $17,337,354.86 3.4595%
7.5000% 162 $49,895,066.41 9.9562%
7.6250% 221 $67,498,997.46 13.4689%
7.7500% 314 $97,391,484.07 19.4335%
7.8750% 307 $92,718,760.31 18.5013%
7.9900% 28 $8,009,879.15 1.5983%
8.0000% 228 $69,492,169.08 13.8666%
8.1250% 127 $39,419,664.73 7.8659%
8.2000% 1 $238,940.70 0.0477%
8.2500% 80 $24,546,579.73 4.8981%
8.3750% 53 $14,832,386.47 2.9597%
8.5000% 29 $8,013,555.26 1.5990%
8.6250% 7 $1,838,732.48 0.3669%
8.7500% 4 $1,180,353.43 0.2355%
8.8750% 2 $536,496.67 0.1071%
9.0000% 1 $184,199.33 0.0368%
9.1250% 3 $838,580.33 0.1673%
9.3750% 1 $330,832.85 0.0660%
---- --------------- ---------
Total 1,646 $501,148,045.23 100.0000%
4
<PAGE>
b) The following table sets forth information, as of the Cut-off
Date, with respect to the original principal balances of the
Mortgage Loans in Pool 1997-8 :
AGGREGATE % OF
BALANCES POOL BY
ORIGINAL # OF AS OF AGGREGATE
BALANCES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
$ 0 - 214,600 41 $5,955,750.53 1.1884%
$214,601 - 250,000 462 $108,252,172.77 21.6008%
$250,001 - 300,000 560 $153,485,716.23 30.6269%
$300,001 - 350,000 247 $80,033,572.66 15.9700%
$350,001 - 400,000 131 $49,360,919.62 9.8496%
$400,001 - 450,000 84 $35,670,116.15 7.1177%
$450,001 - 600,000 95 $49,002,642.60 9.7781%
$600,001 - 650,000 18 $11,471,819.82 2.2891%
$650,001 - 1,700,000 8 $7,915,334.85 1.5794%
---- --------------- ---------
Total 1,646 $501,148,045.23 100.0000%
The largest outstanding Scheduled Principal Balance of any
Mortgage Loan, as of the Cut-off Date, in Pool 1997-8 is
$1,678,928.72.
The smallest outstanding Scheduled Principal Balance of any
Mortgage Loan, as of the Cut-off Date, in Pool 1997-8 is
$62,564.73
c) The following table sets forth information, as of the Cut-off
Date, with respect to the years of origination of the
Mortgage Loans in Pool 1997-8:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
1992 1 $248,945.24 0.0497%
1995 1 $280,007.18 0.0559%
1996 5 $1,322,960.23 0.2640%
1997 1,639 $499,296,132.58 99.6304%
---- --------------- ---------
Total 1,646 $501,148,045.23 100.0000%
5
<PAGE>
d) The following table sets forth information, as of the
Cut-off Date, with respect to the loan-to-value ratios of
the Mortgage Loans at origination in Pool 1997-8 (With
respect to the Pledged Asset Mortgage Loans, the
loan-to-value ratios set forth in the table below were
calculated based on the Pledged Asset Loan-to-Value Ratios
at origination of such Pledged Asset Mortgage Loans):
LOAN- AGGREGATE % OF
TO-VALUE BALANCES POOL BY
RATIO AT # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
00.000 - 50.00 36 $11,665,410.96 2.3277%
50.001 - 60.00 78 $24,764,284.60 4.9415%
60.001 - 70.00 179 $60,264,379.47 12.0253%
70.001 - 75.00 197 $62,493,273.76 12.4700%
75.001 - 80.00 772 $237,883,753.34 47.4678%
80.001 - 85.00 33 $9,194,746.11 1.8347%
85.001 - 90.00 216 $60,514,648.77 12.0752%
90.001 - 95.00 135 $34,367,548.22 6.8578%
95.001 - 100.00 0 $0.00 0.0000%
---- --------------- ---------
Total 1,646 $501,148,045.23 100.0000%
e) The following table sets forth information, as of the Cut-off
Date, with respect to the type of Mortgaged Properties
securing the Mortgage Loans in Pool 1997-8:
AGGREGATE % OF
BALANCES POOL BY
TYPE OF # OF AS OF AGGREGATE
DWELLING LOANS CUT-OFF DATE BALANCE
- -------- ----- ------------ ---------
Single-family
detached 1,546 $472,788,163.72 94.3410%
Single-family
attached 35 $10,334,046.15 2.0621%
Condominium 48 $12,193,286.18 2.4331%
2 - 4 Family Units 16 $5,549,244.28 1.1073%
Co-op 1 $283,304.90 0.0565%
---- --------------- ---------
Total 1,646 $501,148,045.23 100.0000%
f) The following table sets forth information, as of the Cut-off
Date, with respect to the occupancy status of the Mortgaged
Properties securing the Mortgage Loans as represented by the
mortgagors at origination in Pool 1997-8:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
OCCUPANCY LOANS CUT-OFF DATE BALANCE
- --------- ----- ------------ ---------
Owner Occupied 1,622 $494,750,649.58 98.7234%
Vacation 19 $5,134,662.56 1.0246%
Investment 5 $1,262,733.09 0.2520%
---- --------------- ---------
Total 1,646 $501,148,045.23 100.0000%
6
<PAGE>
g) The following table sets forth information, as of the Cut-off
Date, with respect to the geographic distribution of the
Mortgaged Properties securing the Mortgage Loans in Pool
1997-8:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
STATE LOANS CUT-OFF DATE BALANCE
- ----- ----- ------------ ---------
Alaska 1 $380,000.00 0.0758%
Alabama 3 $715,404.34 0.1428%
Arkansas 3 $991,104.51 0.1978%
Arizona 29 $8,688,849.27 1.7338%
California 861 $273,576,709.07 54.5901%
Colorado 48 $13,141,452.59 2.6223%
Connecticut 25 $7,320,269.78 1.4607%
District of Columbia 2 $671,004.19 0.1339%
Delaware 3 $782,873.87 0.1562%
Florida 28 $7,731,841.32 1.5428%
Georgia 29 $8,508,937.53 1.6979%
Hawaii 2 $950,935.77 0.1898%
Iowa 4 $1,113,481.80 0.2222%
Idaho 2 $563,380.61 0.1124%
Illinois 38 $10,705,273.53 2.1361%
Indiana 7 $1,836,714.91 0.3665%
Kansas 2 $482,680.25 0.0963%
Louisiana 3 $894,665.35 0.1785%
Massachusetts 43 $12,755,131.85 2.5452%
Maryland 69 $19,755,742.51 3.9421%
Maine 1 $423,243.60 0.0845%
Michigan 5 $1,729,963.58 0.3452%
Minnesota 9 $2,606,819.24 0.5202%
Missouri 2 $451,938.11 0.0902%
North Carolina 16 $4,397,543.53 0.8775%
Nebraska 2 $595,099.40 0.1187%
New Hampshire 5 $1,298,030.50 0.2590%
New Jersey 85 $24,966,209.50 4.9818%
New Mexico 1 $336,496.37 0.0671%
Nevada 23 $6,254,606.26 1.2481%
New York 25 $8,439,977.55 1.6841%
Ohio 6 $1,800,788.15 0.3593%
Oklahoma 2 $499,777.79 0.0997%
Oregon 11 $3,250,145.87 0.6485%
Pennsylvania 44 $13,705,612.79 2.7348%
Rhode Island 1 $186,530.20 0.0372%
South Carolina 6 $1,319,694.13 0.2633%
Tennessee 3 $900,519.88 0.1797%
Texas 78 $21,421,420.76 4.2745%
Utah 6 $2,083,941.57 0.4158%
Virginia 73 $21,286,914.67 4.2476%
Washington 34 $9,627,378.75 1.9211%
Wisconsin 5 $1,504,307.35 0.3002%
Wyoming 1 $494,632.63 0.0987%
---- --------------- ---------
Total 1,646 $501,148,045.23 100.0000%
7
<PAGE>
h) The following table sets forth information, as of the Cut-off
Date, with respect to the maturity dates of the Mortgage
Loans in Pool 1997-8:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2017 6 $1,983,942.00 0.3959%
2022 3 $816,726.88 0.1630%
2025 1 $313,666.28 0.0626%
2026 8 $2,609,217.31 0.5206%
2027 1,628 $495,424,492.76 98.8579%
Total 1,646 $501,148,045.23 100.0000%
The weighted average scheduled remaining term to maturity of the
Mortgage Loans in Pool 1997-8 calculated as of the Cut-off Date
is 358 months.
i) The following table sets forth information, as of the Cut-off
Date, with respect to the purpose of the Mortgage Loans in
Pool 1997-8:
AGGREGATE % OF
BALANCES POOL BY
PURPOSE # OF AS OF AGGREGATE
OF LOAN LOANS CUT-OFF DATE BALANCE
- ------- ----- ------------ ---------
Purchase 1,132 $339,576,845.26 67.7598%
Rate Term/Refinance 449 $141,375,855.32 28.2104%
Cash-out Refinance 65 $20,195,344.65 4.0298%
Total 1,646 $501,148,045.23 100.0000%
8
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND
EXHIBITS.
1.1 The Underwriting Agreement, dated as of September 19, 1997,
and the related Terms Agreement, dated as of September 19,
1997, for the Series 1997-8 Certificates between GE Capital
Mortgage Services, Inc. and Greenwich Capital Markets, Inc..
4.1 The Pooling and Servicing Agreement for the Series 1997-8
Certificates, dated as of September 1, 1997, between GE
Capital Mortgage Services, Inc., as seller and servicer,
and State Street Bank and Trust Company, as trustee.
9
<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.
GE Capital Mortgage Services, Inc.
By:
----------------------
Name: Syed W. Ali
Title: Vice President
Dated as of September 26, 1997
10
<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.
GE Capital Mortgage Services, Inc.
By:
----------------------
Name: Syed W. Ali
Title: Vice President
Dated as of September 26, 1997
11
<PAGE>
EXHIBIT INDEX
The exhibits are being filed herewith:
- -----------------------------------------------------------------------
EXHIBIT NO. DESCRIPTION PAGE
- -----------------------------------------------------------------------
1.1 The Underwriting Agreement,
dated as of September 19, 1997,
and the related Terms Agreement,
dated as of September 19, 1997,
between GE Capital Mortgage
Services, Inc. and Greenwich
Capital Markets, Inc.
The Pooling and Servicing
4.1 Agreement for the Series 1997-8
Certificates, dated as of September 1,
1997, between GE Capital Mortgage
Services, Inc., as seller and
servicer, and State Street Bank and
Trust Company,
as trustee.
- -----------------------------------------------------------------------
12
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
----------------------
Greenwich Capital Markets, Inc. New York, New York
600 Steamboat Road September 19, 1997
Greenwich, Connecticut 06830
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale to you (the "Underwriter")
from time to time its Pass-Through Certificates evidencing
interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each
series, in one or more classes, in one or more offerings on terms
determined at the time of sale (each such series, a "Series" and
each such class, a "Class"). Each Series of the Certificates will
be issued under a separate Pooling and Servicing Agreement (each,
a "Pooling and Servicing Agreement") to be dated as of the
respective cut-off date (each, a "Cut-off Date") between the
Company, as seller and servicer, and State Street Bank and Trust
Company, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the
related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of one or more pools of conventional,
fixed rate, first lien, fully amortizing, one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
original terms to maturity specified in the related Terms
Agreement referred to hereinbelow. If so specified in the related
Terms Agreement, one or more elections may be made to treat the
assets of each Trust Fund as a real estate mortgage investment
conduit (each, a "REMIC") for federal income tax purposes.
<PAGE>
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
Agreement through you, it will enter into an agreement with you
(the "Terms Agreement") providing for the sale of specified
Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you. Each such
Certificate Offering which the Company elects to make pursuant to
this Agreement shall be governed by this Agreement, as
supplemented by the related Terms Agreement. Each Terms
Agreement, which shall be substantially in the form of Exhibit A
hereto, shall specify, among other things, the Classes of
Certificates to be purchased by the Underwriter (the "Offered
Certificates"), the principal balance or balances of the Offered
Certificates, each subject to any stated variance, and the price
or prices at which such Offered Certificates are to be purchased
by the Underwriter from the Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriter, as of
the date of the related Terms Agreement, that:
(i) The registration statement specified
in the related Terms Agreement, on Form S-3, including
a prospectus, has been filed with the Securities and
Exchange Commission (the "Commission") for the
registration under the Securities Act of 1933, as
amended (the "Act"), of pass-through certificates
issuable in series, which registration statement has
been declared effective by the Commission. Such
registration statement, as amended to the date of the
related Terms Agreement, including any documents
incorporated by reference therein pursuant to Item 12
of Form S-3 under the Act which were filed under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), on or before the effective date of
the Registration Statement, is hereinafter called the
"Registration Statement", and such prospectus, as such
prospectus is supplemented by a prospectus supplement
relating to the Offered Certificates of the related
Series, each in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b)
under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3
under the Act which were filed under the Exchange Act
on or before the date of such prospectus supplement
(other than any such incorporated documents that
relate to Collateral Term Sheets (as defined
herein))(such prospectus supplement, including such
incorporated documents (other than those that relate
to Collateral Term Sheets), in the form first filed
after the date of the related Terms Agreement pursuant
to Rule 424(b) is hereinafter called the "Prospectus
Supplement"), is
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<PAGE>
hereinafter called the "Prospectus". Any reference
herein to the terms "amend", "amendment" or
"supplement" with respect to the Registration
Statement, the Prospectus or the Prospectus Supplement
shall be deemed to refer to and include the filing of
any document under the Exchange Act after the
effective date of the Registration Statement or the
issue date of the Prospectus or Prospectus Supplement,
as the case may be, deemed to be incorporated therein
by reference pursuant to Item 12 of Form S-3 under the
Act.
(ii) The related Registration Statement,
at the time it became effective, and the Prospectus
contained therein, and any amendments thereof and
supplements thereto filed prior to the date of the
related Terms Agreement, conformed in all material
respects to the requirements of the Act and the rules
and regulations of the Commission thereunder; on the
date of the related Terms Agreement and on each
Closing Date (as defined in Section 3 below), the
related Registration Statement and the related
Prospectus, and any amendments thereof and supplements
thereto, will conform in all material respects to the
requirements of the Act and the rules and regulations
of the Commission thereunder; such Registration
Statement, at the time it became effective, did not
contain any untrue statement of a material fact or
omit to state a material fact required to be stated
therein or necessary to make the statements therein
not misleading; such Prospectus, on the date of any
filing pursuant to Rule 424(b) and on each Closing
Date, will not include any untrue statement of a
material fact or omit to state a material fact
necessary to make the statements therein, in the light
of the circumstances under which they are made, not
misleading; and the Detailed Description referred to
in such Prospectus, on each Closing Date and the date
of any filing thereof under cover of Form 8-K, will
not include any untrue statement of a material fact or
omit to state any information which such Prospectus
states will be included in such Detailed Description;
provided, however, that the Company makes no
representations or warranties as to the information
contained in or omitted from (A) such Registration
Statement or such Prospectus (or any supplement
thereto) in reliance upon and in conformity with
written information furnished to the Company by or on
behalf of the Underwriter specifically for use in the
preparation thereof or (B) any Current Report (as
defined in Section 5(b) below), or in any amendment
thereof or supplement thereto, incorporated by
reference in such Registration Statement or such
- 3 -
<PAGE>
Prospectus (or any amendment thereof or supplement
thereto).
(iii) The Certificates of the related
Series will conform to the description thereof
contained in the related Prospectus; will each, if
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, be when issued a
"mortgage related security" as such term is defined in
Section 3(a)(41) of the Exchange Act, and will each on
the related Closing Date be duly and validly
authorized, and, when validly executed, countersigned,
issued and delivered in accordance with the related
Pooling and Servicing Agreement and sold to you as
provided herein and in the related Terms Agreement,
will each be validly issued and outstanding and
entitled to the benefits of the related Pooling and
Servicing Agreement.
(iv) Neither the issuance nor sale of the
Certificates of the related Series nor the
consummation of any other of the transactions herein
contemplated, nor the fulfillment of the terms hereof
or of the related Terms Agreement, will conflict with
any statute, order or regulation applicable to the
Company of any court, regulatory body, administrative
agency or governmental body having jurisdiction over
the Company or with any organizational document of the
Company or any instrument or any agreement under which
the Company is bound or to which it is a party.
(v) This Agreement and the related Terms
Agreement have been duly authorized, executed and
delivered by the Company.
(vi) At or prior to the related Closing
Date, the Company will have entered into the related
Pooling and Servicing Agreement and, assuming the due
authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such
Closing Date) will constitute the valid and binding
agreement of the Company enforceable in accordance
with its terms, subject as to enforceability, to
bankruptcy, insolvency, reorganization or other
similar laws affecting creditors' rights and to
general principles of equity (regardless of whether
the enforceability of such Pooling and Servicing
Agreement is considered in a proceeding in equity or
at law).
2. Purchase and Sale. Subject to the execution of
the Terms Agreement for a particular Certificate Offering and
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<PAGE>
subject to the terms and conditions and in reliance upon the
representations and warranties set forth in this Agreement and
such Terms Agreement, the Company agrees to sell to the
Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered
Certificates at the purchase price therefor set forth in such
Terms Agreement (the "Purchase Price").
The parties hereto agree that settlement for all
securities sold pursuant to this Agreement and the applicable
Terms Agreement shall take place on the settlement date agreed
upon at the time of the related transaction and set forth as the
"Closing Date" in such Terms Agreement and not as set forth in
Rule 15c6-1(a) of the Exchange Act.
3. Delivery and Payment. Delivery of and payment for
the Offered Certificates of a Series shall be made at the offices
of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at
10:00 A.M., New York City time, on the Closing Date specified in
the related Terms Agreement, which date and time may be postponed
by agreement between the Underwriter and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter
against payment by the Underwriter of the Purchase Price thereof
to or upon the order of the Company by wire transfer in federal
or other immediately available funds or by check payable in
federal funds, as the Company shall specify no later than five
full business days prior to such Closing Date. Unless delivery is
made through the facilities of The Depository Trust Company, the
Offered Certificates shall be registered in such names and in
such authorized denominations as the Underwriter may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter at least
two business days before each Closing Date of the exact principal
balance evidenced by the Offered Certificates and to have such
Offered Certificates available for inspection, checking and
packaging in New York, New York, no later than 12:00 noon on the
business day prior to such Closing Date.
4. Offering by the Underwriter. It is understood that
the Underwriter proposes to offer the Offered Certificates of the
related Series for sale to the public as set forth in the related
Prospectus.
5. Agreements. The Company agrees with the
Underwriter that:
(a) The Company will cause the Prospectus as
supplemented by a Prospectus Supplement relating to the
Offered Certificates to be filed pursuant to Rule 424 under
the Act and will promptly advise the Underwriter when such
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Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which
such Prospectus relates also will promptly advise the
Underwriter (i) when any amendment to the related
Registration Statement specifically relating to such
Offered Certificates shall have become effective or any
further supplement to such Prospectus has been filed, (ii)
of any request by the Commission for any amendment of such
Registration Statement or Prospectus or for any additional
information, (iii) of the issuance by the Commission of any
stop order suspending the effectiveness of such
Registration Statement or the institution or threatening of
any proceeding for that purpose and (iv) of the receipt by
the Company of any written notification with respect to the
suspension of the qualification of such Offered
Certificates for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose. The
Company will not file any amendment of the related
Registration Statement or supplement to the related
Prospectus (other than any amendment or supplement
specifically relating to one or more Series of pass-through
certificates other than the Series that includes the
related Offered Certificates) unless the Company has
furnished the Underwriter with a copy for its review prior
to filing. The Company will use its best efforts to prevent
the issuance of any such stop order and, if issued, to
obtain as soon as possible the withdrawal thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined
in Section 8 below) with respect to the Offered
Certificates of a Series that are delivered by the
Underwriter to the Company pursuant to Section 8 to be
filed with the Commission on a Current Report on Form 8-K
(each such filing of such materials, a "Current Report")
pursuant to Rule 13a- 11 under the Exchange Act on the
business day immediately following the later of (i) the day
on which such Computational Materials and Structural Term
Sheets are delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. and (ii) the date on which
this Agreement is executed and delivered. The Company will
cause one Collateral Term Sheet (as defined in Section 9
below) with respect to the Offered Certificates of a Series
that is delivered by the Underwriter to the Company in
accordance with the provisions of Section 9 to be filed
with the Commission on a Current Report pursuant to Rule
13a-11 under the Exchange Act on the business day
immediately following the day on which such Collateral Term
Sheet is delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. In addition, if at any time
prior to the availability of the related Prospectus
Supplement the Underwriter has delivered to any prospective
investor a Collateral Term
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Sheet that reflects, in the reasonable judgment of the
Underwriter and the Company, a material change in the
characteristics of the Mortgage Loans for the related
Series from those on which a Collateral Term Sheet with
respect to the related Series previously filed with the
Commission was based, the Company will cause any such
Collateral Term Sheet that is delivered by the Underwriter
to the Company in accordance with the provisions of Section
9 to be filed with the Commission on a Current Report on
the business day immediately following the day on which
such Collateral Term Sheet is delivered to counsel for the
Company by the Underwriter prior to 10:30 a.m. In each
case, the Company will promptly advise the Underwriter when
such Current Report has been so filed. Each such Current
Report shall be incorporated by reference in the related
Prospectus and the related Registration Statement.
Notwithstanding the five preceding sentences, the Company
shall have no obligation to file any materials provided by
the Underwriter pursuant to Sections 8 and 9 which, in the
reasonable determination of the Company after making
reasonable efforts to consult with the Underwriter, are not
required to be filed pursuant to the Kidder Letters or the
PSA Letter (each as defined in Section 8 below), or which
contain erroneous information or contain any untrue
statement of a material fact or, when read in conjunction
with the Prospectus and Prospectus Supplement, omit to
state a material fact required to be stated therein or
necessary to make the statements therein not misleading; it
being understood, however, that the Company shall have no
obligation to review or pass upon the accuracy or adequacy
of, or to correct, any Computational Materials, Structural
Term Sheets or Collateral Term Sheets provided by the
Underwriter to the Company pursuant to Section 8 or Section
9 hereof.
(c) If, at any time when a prospectus relating to
the Offered Certificates of a Series is required to be
delivered under the Act, any event occurs as a result of
which the related Prospectus as then amended or
supplemented would include any untrue statement of a
material fact or omit to state any material fact necessary
to make the statements therein in light of the
circumstances under which they were made not misleading, or
if it shall be necessary at any time to amend or supplement
the related Prospectus to comply with the Act or the rules
thereunder, the Company promptly will prepare and file with
the Commission, subject to paragraph (a) of this Section 5,
an amendment or supplement which will correct such
statement or omission or an amendment which will effect
such compliance; provided, however, that the Company will
not be required to file any such amendment or supplement
with respect to any Computational Materials, Structural
Term Sheets or Collateral Term Sheets incorporated by
reference in the
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Prospectus other than any amendments or supplements of such
Computational Materials or Structural Term Sheets that are
furnished to the Company by the Underwriter pursuant to
Section 8(e) hereof or any amendments or supplements of
such Collateral Term Sheets that are furnished to the
Company by the Underwriter pursuant to Section 9(d) hereof
which the Company determines to file in accordance
therewith.
(d) The Company will furnish to the Underwriter
and counsel for the Underwriter, without charge, as many
signed copies of the related Registration Statement
(including exhibits thereto) and, so long as delivery of a
prospectus by the Underwriter or dealer may be required by
the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related
Current Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information,
execute such instruments and take such actions as may be
reasonably requested by the Underwriter to qualify the
Offered Certificates of a Series for sale under the laws of
such jurisdictions as the Underwriter may designate, to
maintain such qualifications in effect so long as required
for the distribution of such Offered Certificates and to
determine the legality of such Offered Certificates for
purchase by institutional investors; provided, however,
that the Company shall not be required to qualify to do
business in any jurisdiction where it is not qualified on
the date of the related Terms Agreement or to take any
action which would subject it to general or unlimited
service of process in any jurisdiction in which it is not,
on the date of the related Terms Agreement, subject to such
service of process.
(f) So long as the Offered Certificates of a
Series are outstanding, the Company will furnish to the
Underwriter copies of the annual independent public
accountants' servicing report furnished to the Trustee
pursuant to Section 3.13 of the related Pooling and
Servicing Agreement.
(g) Whether or not the transactions contemplated
hereby and by the related Terms Agreement shall be
consummated, the Company shall be responsible for the
payment of any costs and expenses for which details are
submitted, in connection with the performance of its
obligations under this Agreement and the related Terms
Agreement, including, without limitation, (a) the cost and
expenses of printing or otherwise reproducing the related
Registration Statement or Prospectus, this Agreement, the
related Terms Agreement, the related Pooling and Servicing
Agreement and the Offered Certificates, and (b) the cost of
delivering the related Offered Certificates to the office of
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<PAGE>
the Underwriter, insured to the satisfaction of the
Underwriter (it being understood that, except as provided
in this paragraph (f) and in Section 7 hereof, the
Underwriter will pay all its own costs and expenses,
including the fees of Brown & Wood LLP, counsel for the
Underwriter, transfer taxes on resale of any Offered
Certificates by it, advertising expenses connected with any
offers that it may make, the fees of KPMG Peat Marwick LLP
with respect to its letters furnished pursuant to Section
6(i) of this Agreement and any letter furnished pursuant to
the last sentence of Section 6(h) hereof, the fees of any
firm of public accountants selected by the Underwriter with
respect to their letter furnished pursuant to Section 8(c)
of this Agreement, any other costs and expenses specified
in the related Terms Agreement as "Additional Expenses",
and all expenses (e.g., shipping, postage and courier
costs) associated with the delivery of the related
Prospectus to prospective investors and investors, other
than the costs of delivery to the Underwriter's facilities,
provided, that if courier services (other than overnight
delivery services utilized in the ordinary course of
business) are required to ensure that such Prospectus is
delivered to investors on the day immediately preceding the
related Closing Date, the Company will pay such courier
expenses).
6. Conditions to the Obligations of the Underwriter.
The obligations of the Underwriter to purchase the Offered
Certificates of any Series shall be subject to the accuracy in
all material respects of the representations and warranties on
the part of the Company contained in this Agreement, as
supplemented by the related Terms Agreement, as of the respective
dates thereof and the related Closing Date, to the accuracy of
the statements of the Company made in any applicable officers'
certificates pursuant to the provisions hereof, to the
performance by the Company of its obligations under this
Agreement and such Terms Agreement and to the following
additional conditions applicable to the related Certificate
Offering:
(a) No stop order suspending the effectiveness of
the related Registration Statement shall have been issued
and no proceedings for that purpose shall have been
instituted or threatened.
(b) Cleary, Gottlieb, Steen & Hamilton, counsel
for the Company, shall have furnished to the Underwriter an
opinion, dated the related Closing Date, to the effect
that:
(i) this Agreement and the related Terms
Agreement have been duly executed and delivered by the
Company under the law of the State of New York;
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(ii) the related Pooling and Servicing
Agreement has been duly executed and delivered by the
Company under the law of the State of New York and is
a legal, valid and binding agreement of the Company
enforceable against the Company in accordance with its
terms;
(iii) the Offered Certificates, when duly
executed and countersigned by the Trustee in
accordance with the related Pooling and Servicing
Agreement, will be validly issued and outstanding and
entitled to the benefits of such Pooling and Servicing
Agreement;
(iv) the related Pooling and Servicing
Agreement is not required to be qualified under the
Trust Indenture Act of 1939, as amended, and the trust
created thereunder is not required to be registered
under the Investment Company Act of 1940, as amended;
(v) such counsel confirms that (based
solely upon telephone confirmation from a
representative of the Commission) the related
Registration Statement is effective under the Act and,
to the best of such counsel's knowledge, no stop order
with respect thereto has been issued, and no
proceeding for that purpose has been instituted or
threatened by the Commission; such Registration
Statement (except the financial statements and
schedules and other financial and statistical data
included therein and the documents incorporated by
reference therein, as to which such counsel need
express no view), at the time it became effective and
the related Prospectus (except the financial
statements and schedules and the other financial and
statistical data included therein, the documents
incorporated by reference therein and the information
included in the second sentence of the antepenultimate
paragraph, the first sentence of the penultimate
paragraph, and the last paragraph of the cover page of
such Prospectus Supplement and in the second and
fourth sentences of the first paragraph under the
heading "Plan of Distribution" therein, as to which
such counsel need express no view), as of the date of
the Prospectus Supplement appeared on their face to be
appropriately responsive in all material respects to
the requirements of the Act and the rules and
regulations thereunder; and no information has come to
the attention of such counsel that causes it to
believe that (A) such Registration Statement (except
the financial statements and schedules and the other
financial and statistical data included therein and
the documents incorporated by reference therein, as to
which such counsel need express no view) at the time it
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<PAGE>
became effective, contained an untrue statement of a
material fact or omitted to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading or (B) such
Prospectus or any amendment or supplement thereto
(except the financial statements and schedules and the
other financial and statistical data included therein,
the documents incorporated by reference therein and
the information included in the second sentence of the
antepenultimate paragraph, the first sentence of the
penultimate paragraph, and the last paragraph of the
cover page of such Prospectus Supplement and in the
second and fourth sentences of the first paragraph
under the heading "Plan of Distribution" therein, as
to which such counsel need express no view), as of the
date of the Prospectus Supplement, or at the related
Closing Date, contained or contains an untrue
statement of a material fact or omitted or omits to
state a material fact necessary in order to make the
statements therein, in the light of the circumstances
under which they were made, not misleading;
(vi) the statements set forth under the
heading "Description of the Certificates" in the
related Prospectus, insofar as such statements purport
to summarize certain provisions of the related Pooling
and Servicing Agreement and the related Offered
Certificates, provide a fair summary of such
provisions;
(vii) the statements set forth in the
related Prospectus under the headings "Certain Legal
Aspects of the Mortgage Loans and Contracts -- The
Mortgage Loans", "Certain Federal Income Tax
Consequences" (insofar as they relate specifically to
the purchase, ownership and disposition of the related
Offered Certificates) and "ERISA Considerations"
(insofar as they relate specifically to the purchase,
ownership and disposition of such Offered
Certificates), to the extent that they constitute
matters of law or legal conclusions, provide a fair
summary of such law or conclusions;
(viii) assuming compliance with all
provisions of the related Pooling and Servicing
Agreement, for federal income tax purposes, (A) if any
election is made to treat the assets of the Trust Fund
as a REMIC: the related Trust Fund (and any specified
subgrouping therein) will qualify as a REMIC pursuant
to Section 860D of the Internal Revenue Code of 1986,
as amended (the "Code"), each Class of Certificates of
the related Series, other than the related Residual
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<PAGE>
Class or Classes, will constitute a class of "regular
interests" in the related REMIC within the meaning of
the Code, and each Class of such Certificates
specified in the related Prospectus as a Class of
Residual Certificates will constitute the "residual
interest" in the related REMIC within the meaning of
the Code; (B) if no such REMIC election is made: the
Trust Fund will be treated as a "grantor trust"; and
(ix) assuming that some or all of the
Offered Certificates of the related Series shall be
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, each Offered
Certificate so rated will be at the time of issuance,
a "mortgage related security" as such term is defined
in Section 3(a)(41) of the Exchange Act.
Such opinion may express its reliance as to factual matters
on the representations and warranties made by, and on
certificates or other documents furnished by, officers of
the parties to this Agreement, the related Terms Agreement
or the related Pooling and Servicing Agreement. Such
opinion may assume the due authorization, execution and
delivery of the instruments and documents referred to
therein by the parties thereto other than the Company. Such
opinion may be qualified, insofar as it concerns the
enforceability of the documents referred to therein, to the
extent that such enforceability may be limited by
bankruptcy, insolvency, reorganization or other similar
laws affecting the enforcement of creditors' rights in
general and by general equity principles (regardless of
whether such enforcement is considered in a proceeding in
equity or at law). Such opinion may be further qualified as
expressing no opinion as to (x) the statements in the
related Prospectus under the heading "Certain Legal Aspects
of the Mortgage Loans and Contracts -- The Mortgage Loans"
except insofar as such statements relate to the laws of the
State of New York and the laws of the United States, and
(y) the statements in such Prospectus under the headings
"ERISA Considerations" and "Certain Federal Income Tax
Consequences" except insofar as such statements relate to
the laws of the United States. In addition, such opinion
may be qualified as an opinion only on the law of the State
of New York and the federal law of the United States of
America.
(c) The General Counsel for the Company shall
have furnished to the Underwriter an opinion, dated the
related Closing Date, to the effect that:
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<PAGE>
(i) The Company has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the State of New
Jersey, with corporate power to own its properties, to
conduct its business as described in the related
Prospectus and to enter into and perform its
obligations under this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
and the Certificates of the related Series;
(ii) The Company has full power and
authority to sell and service the related Mortgage
Loans as contemplated herein and in the related
Pooling and Servicing Agreement;
(iii) No consent, approval, authorization
or order of any court or governmental agency or body
is required for the consummation by the Company of the
transactions contemplated herein or in the related
Pooling and Servicing Agreement, except such as may be
required under the blue sky laws of any jurisdiction
and such other approvals as have been obtained;
(iv) Neither the issuance of the
Certificates of the related Series nor delivery of the
related Offered Certificates, nor the consummation of
any other of the transactions contemplated in this
Agreement, the related Terms Agreement or the related
Pooling and Servicing Agreement, nor the fulfillment
of the terms of the related Certificates, the related
Pooling and Servicing Agreement, this Agreement or the
related Terms Agreement will conflict with or violate
any term or provision of the articles of incorporation
or by-laws of the Company or any statute, order or
regulation applicable to the Company of any court,
regulatory body, administrative agency or governmental
body having jurisdiction over the Company and will not
conflict with, result in a breach or violation or the
acceleration of or constitute a default under the
terms of any indenture or other agreement or
instrument known to such counsel to which the Company
is a party or by which it is bound; and
(v) There are no actions, proceedings or
investigations pending or, to the best knowledge of
such counsel, threatened before any court,
administrative agency or other tribunal (i) asserting
the invalidity of this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
or the related Certificates, (ii) seeking to prevent
the issuance of the Certificates of the related Series
or the consummation by the Company of any of the
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<PAGE>
transactions contemplated by this Agreement, such
Terms Agreement or such Pooling and Servicing
Agreement, or (iii) which might materially and
adversely affect the performance by the Company of its
obligations under, or the validity or enforceability
of, this Agreement, such Terms Agreement, such Pooling
and Servicing Agreement or the related Certificates.
In rendering her opinion such counsel may rely as to
matters of fact, to the extent deemed proper and as stated
therein, on certificates of responsible officers of the
Company or public officials. In addition, such opinion may
be qualified as an opinion only on the laws of the State of
New Jersey.
(d) The Underwriter shall have received from
Brown & Wood LLP, counsel for the Underwriter, such opinion
or opinions, dated the related Closing Date, with respect
to the issuance and sale of the Certificates of the related
Series, the related Registration Statement, the related
Prospectus and such other related matters as the
Underwriter may reasonably require, and the Company shall
have furnished to such counsel such documents as the
Underwriter may reasonably request for the purpose of
enabling them to pass upon such matters.
(e) The Company shall have furnished to the
Underwriter a certificate of the Company, signed by the
President or any Vice President and the Senior Vice
President-Finance or the principal financial or accounting
officer of the Company, dated the related Closing Date, to
the effect that the signers of such certificate have
carefully examined the related Registration Statement
(excluding any Current Reports and any other documents
incorporated by reference therein), the related Prospectus,
the Detailed Description referred to in such Prospectus
(excluding any related Current Report), this Agreement and
the related Terms Agreement and that:
(i) the representations and warranties of
the Company in this Agreement are true and correct in
all material respects on and as of the related Closing
Date with the same effect as if made on such Closing
Date, and the Company has complied with all the
agreements and satisfied all the conditions on its
part to be performed or satisfied at or prior to such
Closing Date;
(ii) no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or, to their knowledge, threatened; and
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<PAGE>
(iii) nothing has come to their attention
that would lead them to believe that such Registration
Statement (excluding any Current Report) contains any
untrue statement of a material fact or omits to state
any material fact required to be stated therein or
necessary to make the statements therein not
misleading, that the related Prospectus (excluding any
related Current Report) contains any untrue statement
of a material fact or omits to state a material fact
required to be stated therein or necessary to make the
statements therein, in the light of the circumstances
under which they were made, not misleading, or that
the Detailed Description referred to in such
Prospectus includes any untrue statement of a material
fact or omits to state any information which the
Prospectus states will be included in such Detailed
Description.
(f) Peabody & Arnold, counsel for the Trustee,
shall have furnished to the Underwriter an opinion, dated
the related Closing Date, to the effect that:
(i) the Trustee has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the Commonwealth of
Massachusetts with corporate power to own its
properties and conduct its business as presently
conducted by it, to conduct business as a trustee and
to enter into and perform its obligations under the
related Pooling and Servicing Agreement;
(ii) the related Pooling and Servicing
Agreement has been duly authorized, executed and
delivered by the Trustee and constitutes the legal,
valid and binding agreement of the Trustee enforceable
against the Trustee in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent
conveyance, reorganization or other similar laws
affecting the enforcement of creditors' rights
generally and to judicial discretion, and general
principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at
law);
(iii) the Trustee has duly accepted its
appointment as trustee under the related Pooling and
Servicing Agreement;
(iv) no consent, approval, authorization
or order of any Massachusetts or federal court or
government agency or body is required on the part of
the Trustee for the consummation of the transactions
contemplated in the related Pooling and Servicing
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<PAGE>
Agreement, except such as may be required under any
federal or state securities law; and
(v) the performance on the part of the
Trustee of any of the transactions contemplated in the
related Pooling and Servicing Agreement does not
conflict with or result in a breach or violation of
any term or provision of, or constitute a default
under, the Articles of Organization, as amended, or
By-Laws of the Trustee, or any Massachusetts or
federal statute or regulation applicable to the
Trustee, or to such counsel's knowledge, any indenture
or other agreement or instrument to which the Trustee
is a party or by which it is bound, or, to such
counsel's knowledge, any order of any state or federal
court, regulatory body, administrative agency or
governmental body having jurisdiction over the
Trustee.
In addition, such counsel shall furnish to the Underwriter
such opinions as to the treatment of the Trust Fund for
purposes of Massachusetts tax law as are reasonably
satisfactory to the Underwriter.
(g) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the date of the
related Terms Agreement, in form and substance satisfactory
to the Underwriter, stating in effect that they have
performed certain specified procedures as a result of which
they have determined that such information as the
Underwriter may reasonably request of an accounting,
financial or statistical nature (which is limited to
accounting, financial or statistical information derived
from the general accounting records of the Company) set
forth in the related Prospectus Supplement under the
caption "Delinquency and Foreclosure Experience of the
Company" agrees with the accounting records of the Company,
excluding any questions of legal interpretation.
(h) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the related Closing
Date, in form and substance satisfactory to the
Underwriter, stating in effect that they have performed
certain specified procedures as a result of which they have
determined that such information as the Underwriter may
reasonably request of an accounting, financial or
statistical nature (which is limited to accounting,
financial or statistical information derived from the
general accounting records of the Company and which is
obtained from an analysis of a sample of the Mortgage Loans
included in the related pool) set forth in the related
Prospectus Supplement under the caption "Description of the
Mortgage Pool and the Mortgaged Properties" or "Description
of the Mortgage Pools and the
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<PAGE>
Mortgaged Properties", as the case may be, and in the
Detailed Description relating to such Prospectus Supplement
is mutually consistent and agrees with the accounting
records of the Company and, where applicable, the related
Mortgage Loan files of the Company, excluding any questions
of legal interpretation. In addition, if applicable, such
accountants shall have furnished to the Underwriter a
letter, dated as of the related Closing Date, which shall
include a statement or statements to the effect that based
upon the assumptions and methodology agreed to by the
Company (and which is consistent with the manner in which
any final PAC Balances, TAC Balances, Scheduled Balances,
Maximum and Minimum Scheduled Balances or any other
scheduled balances are to be calculated as set forth in the
related Prospectus), all of which shall be described by
reference in such letter, such accountants shall have
verified the mathematical accuracy of any final PAC
Balances Table, TAC Balances Table, Scheduled Balances
Table, Maximum or Minimum Scheduled Balances Table or other
scheduled balances table attached as an exhibit to the
related Pooling and Servicing Agreement.
(i) KPMG Peat Marwick LLP shall have furnished to
the Underwriter and the Company a letter or letters, dated
as of the date of the related Terms Agreement, in form and
substance satisfactory to the Underwriter and the Company,
including, without limitation, statements, if applicable,
to the effect that:
(i) based upon the assumptions and
methodology set forth in the related Prospectus, all
of which shall be described by reference in such
letter, they recomputed the percentages of initial
principal balance outstanding as of each of the
Distribution Dates (as defined in such Prospectus)
indicated and the weighted average lives of each Class
of Offered Certificates at each of the indicated
percentages of the applicable Prepayment Assumption,
and they compared the recomputed percentages and
weighted average lives to the corresponding
percentages and weighted average lives set forth in
the related tables and found them to be in agreement;
(ii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of any
Scheduled Final Distribution Dates for the Offered
Certificates, PAC Balances, TAC Balances, Scheduled
Balances, Maximum and Minimum Scheduled Balances or
any other scheduled balances set forth in such
Prospectus for each indicated Distribution Date, and
have verified
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the mathematical accuracy of any initial Effective
Ranges of any PAC Certificates, Scheduled Certificates
or other scheduled Certificates set forth in such
Prospectus; and
(iii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of the pre-tax
yields to maturity and, if applicable, aggregate cash
flows of any Class of Certificates for which such
pre-tax yields and, if applicable, aggregate cash
flows are set forth in such Prospectus at the
indicated percentages of the Prepayment Assumption
and, if applicable, at the indicated values of COFI,
LIBOR or any other index, as applicable.
(j) The Offered Certificates of the related
Series shall have received the ratings specified in the
related Terms Agreement (the "Required Ratings").
(k) Prior to the related Closing Date, the
Company shall have furnished to the Underwriter such
further information, certificates and documents as the
Underwriter may reasonably request.
(l) If any Certificates of the related Series are
to be sold to any other underwriter and/or offered in
reliance upon an exemption from the registration
requirements of the Act, the sale at or prior to the
related Closing Date of such Certificates to the purchaser
thereof shall have occurred.
(m) Subsequent to the date of the related Terms
Agreement, there shall not have been any change, or any
development involving a prospective change, in or affecting
the business or properties of the Company which the
Underwriter concludes in its judgment, after consultation
with the Company, materially impairs the investment quality
of the Offered Certificates of the related Series so as to
make it impractical or inadvisable to proceed with the
public offering or the delivery of such Offered
Certificates as contemplated by the related Prospectus.
If any of the conditions specified in this Section 6
shall not have been fulfilled in all material respects with
respect to the particular Offered Certificates of a Series when
and as provided in this Agreement and the related Terms
Agreement, or if any of the opinions and certificates mentioned
above or elsewhere in this Agreement and the related Terms
Agreement shall not be in all material respects reasonably
satisfactory in form and substance to the Underwriter and its
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counsel, this Agreement (with respect to the related Offered
Certificates) and the related Terms Agreement and all obligations
of the Underwriter hereunder (with respect to the related Offered
Certificates) and thereunder may be canceled at, or at any time
prior to, the related Closing Date by the Underwriter. Notice of
such cancellation shall be given to the Company in writing, or by
telephone or telegraph confirmed in writing.
7. Indemnification and Contribution. (a) The Company
agrees to indemnify and hold harmless the Underwriter and each
person who controls the Underwriter within the meaning of the Act
or the Exchange Act against any and all losses, claims, damages
or liabilities, joint or several, to which they or any of them
may become subject under the Act, the Exchange Act, or other
Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement relating to the
Offered Certificates of the applicable Series as it became
effective or in any amendment or supplement thereof, or in such
Registration Statement or the related Prospectus, or in any
amendment thereof, or in the Detailed Description referred to in
such Prospectus or arise out of or are based upon the omission or
alleged omission (in the case of any Computational Materials or
ABS Term Sheets (in each case, as defined herein) in respect of
which the Company agrees to indemnify the Underwriter, as set
forth below, when such are read in conjunction with the related
Prospectus and Prospectus Supplement) to state therein a material
fact required to be stated therein or necessary to make the
statements therein not misleading, and agrees to reimburse each
such indemnified party for any legal or other expenses reasonably
incurred by them in connection with investigating or defending
any such loss, claim, damage, liability or action; provided,
however, that (i) the Company will not be liable in any such case
to the extent that any such loss, claim, damage or liability
arises out of or is based upon any such untrue statement or
alleged untrue statement or omission or alleged omission made
therein (A) in reliance upon and in conformity with written
information furnished to the Company as herein stated by or on
behalf of the Underwriter specifically for use in connection with
the preparation thereof or (B) in any Current Report or any
amendment or supplement thereof, except to the extent that any
untrue statement or alleged untrue statement therein or omission
therefrom results (or is alleged to have resulted) directly from
an error (a "Mortgage Pool Error") in the information concerning
the characteristics of the Mortgage Loans furnished by the
Company to the Underwriter in writing or by electronic
transmission that was used in the preparation of either (x) any
Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic
- 19 -
<PAGE>
materials furnished to prospective investors on which the
Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Corrected
Statement (as defined below) in such Prospectus (or supplement
thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person
asserting any loss, claim, damage or liability purchased the
Certificates of the related Series that are the subject thereof
if such person did not receive a copy of a supplement to such
Prospectus at or prior to the confirmation of the sale of such
Certificates and the untrue statement or omission of a material
fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and
such supplement was furnished by the Company to the Underwriter
prior to the delivery of such confirmation, and (iii) such
indemnity with respect to any Mortgage Pool Error shall not inure
to the benefit of the Underwriter (or any person controlling the
Underwriter) from whom the person asserting any loss, claim,
damage or liability received any Computational Materials (or any
written or electronic materials on which the Computational
Materials are based) or ABS Term Sheets that were prepared on the
basis of such Mortgage Pool Error, if, prior to the time of
confirmation of the sale of the applicable Certificates to such
person, the Company notified the Underwriter in writing of the
Mortgage Pool Error or provided in written or electronic form
information superseding or correcting such Mortgage Pool Error
(in any such case, a "Corrected Mortgage Pool Error"), and the
Underwriter failed to notify such person thereof or to deliver to
such person corrected Computational Materials (or underlying
written or electronic materials) or ABS Term Sheets. This
indemnity agreement will be in addition to any liability which
the Company may otherwise have.
(b) The Underwriter agrees to indemnify and hold
harmless the Company, each of its directors, each of its officers
who signs the Registration Statement relating to the Offered
Certificates of the applicable Series, and each person who
controls the Company within the meaning of the Act or the
Exchange Act to the same extent as the foregoing indemnities from
the Company to the Underwriter, but only with reference to (A)
written information furnished to the Company by or on behalf of
the Underwriter specifically for use in the preparation of the
documents referred to in the foregoing indemnity with respect to
the related Series, or (B) any Computational Materials or ABS
Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 or Section 9
and incorporated by reference in such Registration Statement or
the related Prospectus or any amendment or supplement thereof
(except that no such indemnity shall be available for any losses,
claims, damages or liabilities, or actions in respect thereof,
resulting from any Mortgage Pool Error, other than a Corrected
Mortgage Pool Error). This indemnity agreement will be in
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<PAGE>
addition to any liability which the Underwriter may otherwise
have. The Company acknowledges that the statements set forth in
the second sentence of the ante-penultimate paragraph, the first
sentence of the penultimate paragraph, and in the last paragraph
appearing on the cover page of the related Prospectus Supplement
as such statements relate to such Offered Certificates and the
second sentence of the first paragraph under the heading "Plan of
Distribution" in such Prospectus Supplement as such statements
relate to such Offered Certificates constitute the only
information furnished in writing by or on behalf of the
Underwriter for inclusion in the related Prospectus (other than
any Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) furnished to the Company by the
Underwriter), and the Underwriter confirms that such statements
are correct.
(c) Promptly after receipt by an indemnified party
under Section 7 of notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section 7, notify
the indemnifying party in writing of the commencement thereof;
but the omission so to notify the indemnifying party will not
relieve it from any liability which it may have to any
indemnified party otherwise than under this Section 7. In case
any such action is brought against any indemnified party, and it
notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein, and
to the extent that it may elect by written notice delivered to
the indemnified party promptly after receiving the aforesaid
notice from such indemnified party, to assume the defense
thereof, with counsel satisfactory to such indemnified party;
provided, however, that if the defendants in any such action
include both the indemnified party and the indemnifying party and
the indemnified party shall have reasonably concluded that there
may be legal defenses available to it and/or other indemnified
parties which are different from or additional to those available
to the indemnifying party, the indemnified party or parties shall
have the right to select separate counsel to assert such legal
defenses and to otherwise participate in the defense of such
action on behalf of such indemnified party or parties. Upon
receipt of notice from the indemnifying party to such indemnified
party of its election so to assume the defense of such action and
approval by the indemnified party of counsel, the indemnifying
party will not be liable to such indemnified party under this
Section 7 for any legal or other expenses subsequently incurred
by such indemnified party in connection with the defense thereof
unless (i) the indemnified party shall have employed separate
counsel in connection with the assertion of legal defenses in
accordance with the proviso to the next preceding sentence (it
being understood, however, that the indemnifying party shall not
be liable for the expenses of more than one separate counsel
approved by the indemnified party in the case of subparagraph (a)
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<PAGE>
or (b), representing the indemnified parties under subparagraph
(a) or (b), who are parties to such action), (ii) the
indemnifying party shall not have employed counsel satisfactory
to the indemnified party to represent the indemnified party
within a reasonable time after notice of commencement of the
action or (iii) the indemnifying party has authorized the
employment of counsel for the indemnified party at the expense of
the indemnifying party; and except that, if clause (i) or (iii)
is applicable, such liability shall be only in respect of the
counsel referred to in such clause (i) or (iii).
(d) If the indemnification provided for in paragraph
(a) or (b) of this Section 7 is due in accordance with its terms
but is for any reason held by a court to be unavailable from the
Company or the Underwriter, on grounds of policy or otherwise, or
if the indemnified party failed to give notice under paragraph
(c) of this Section 7 in respect of a claim otherwise subject to
indemnification in accordance with paragraph (a) or (b) of this
Section 7, the Company and the Underwriter shall contribute to
the aggregate losses, claims, damages and liabilities (including
legal and other expenses reasonably incurred in connection with
investigating or defending same) to which the Company and the
Underwriter may be subject, as follows:
(i) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which do not
arise out of or are not based upon any untrue statement or
omission of a material fact in any Computational Materials
or ABS Term Sheets (or any amendments or supplements
thereof), in such proportion so that the Underwriter is
responsible for that portion represented by the difference
between the proceeds to the Company in respect of the
Offered Certificates appearing on the cover page of the
Prospectus Supplement for the related Series and the total
proceeds received by the Underwriter from the sale of such
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however,
that in no case shall the Underwriter be responsible under
this subparagraph (i) for any amount in excess of such
Underwriting Discount applicable to the Offered
Certificates purchased by the Underwriter pursuant to this
Agreement and the related Terms Agreement; and
(ii) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which arise out
of or are based upon any untrue statement or omission of a
material fact in any Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof) or in any
written or electronic materials distributed to prospective
investors on which the Computational Materials are based,
in such proportion as is appropriate to reflect the
relative fault of the Company on the one hand and the
Underwriter on
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<PAGE>
the other in connection with the statements or omissions
which resulted in such losses, claims, damages or
liabilities (or actions in respect thereof) as well as any
other relevant equitable considerations. The relative fault
shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state
a material fact in such Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof or such
written or electronic materials) results from information
prepared by the Company on the one hand or the Underwriter
on the other and the parties' relative intent, knowledge,
access to information and opportunity to correct or prevent
such statement or omission.
Notwithstanding anything to the contrary in this Section 7(d), no
person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 7, each person
who controls the Underwriter within the meaning of either the Act
or the Exchange Act shall have the same rights to contribution as
the Underwriter, and each person who controls the Company within
the meaning of either the Act or the Exchange Act, each officer
of the Company who shall have signed the Registration Statement
and each director of the Company shall have the same rights to
contribution as the Company, subject in each case to the
immediately preceding sentence of this paragraph (d).
8. Computational Materials and Structural Term Sheets.
(a) Not later than 10:30 a.m., New York time, on the business day
before the date on which the Current Report relating to the
Offered Certificates of a Series is required to be filed by the
Company with the Commission pursuant to Section 5(b) hereof, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in such Offered Certificates that constitute (i)
"Computational Materials" within the meaning of the no-action
letter dated May 20, 1994 issued by the Division of Corporation
Finance of the Commission to Kidder, Peabody Acceptance
Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder
Structured Asset Corporation and the no-action letter dated May
27, 1994 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (together, the
"Kidder Letters"), the filing of which material is a condition of
the relief granted in such letter (such materials being the
"Computational Materials"), and (ii) "Structural Term Sheets"
within the meaning of the no-action letter dated February 17,
1995 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (the "PSA
Letter"), the filing of which material is a condition of the
relief granted in such letter (such materials being the
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<PAGE>
"Structural Term Sheets"). Each delivery of Computational
Materials and Structural Term Sheets to the Company pursuant to
this paragraph (a) shall be effected by delivering four copies of
such materials to counsel for the Company on behalf of the
Company at the address specified in Section 3 hereof and one copy
of such materials to the Company.
(b) The Underwriter represents and warrants to and
agrees with the Company, as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) the Computational Materials furnished to the
Company pursuant to Section 8(a) constitute (either in
original, aggregated or consolidated form) all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission with respect to the related Offered
Certificates in accordance with the Kidder Letters,
and such Computational Materials comply with the
requirements of the Kidder Letters;
(ii) the Structural Term Sheets furnished to the
Company pursuant to Section 8(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission as "Structural Term Sheets" with respect to
the related Offered Certificates in accordance with
the PSA Letter, and such Structural Term Sheets comply
with the requirements of the PSA Letter; and
(iii) on the date any such Computational Materials
or Structural Term Sheets with respect to such Offered
Certificates (or any written or electronic materials
furnished to prospective investors on which the
Computational Materials are based) were last furnished
to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section
8(a) and on the related Closing Date, such
Computational Materials (or such other materials) or
Structural Term Sheets did not and will not include
any untrue statement of a material fact or, when read
in conjunction with the related Prospectus and
Prospectus Supplement, omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading.
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Computational
Materials or Structural Term Sheets (or any written or electronic
materials on which the Computational Materials are based)
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<PAGE>
included or will include any untrue statement resulting directly
from any Mortgage Pool Error (except any Corrected Mortgage Pool
Error, with respect to materials prepared after the receipt by
the Underwriter from the Company of notice of such Corrected
Mortgage Pool Error or materials superseding or correcting such
Corrected Mortgage Pool Error).
(c) The Underwriter shall cause a firm of public
accountants to furnish to the Company a letter, dated as of the
date on which the Underwriter delivers any Computational
Materials (which term shall be deemed to include, for purposes of
this paragraph (c), calculated statistical information delivered
to prospective investors in the form of a Structural Term Sheet)
to the Company pursuant to Section 8(a), in form and substance
satisfactory to the Company, stating in effect that they have
verified the mathematical accuracy of any calculations performed
by the Underwriter and set forth in such Computational Materials.
(d) The Underwriter acknowledges and agrees that any
Computational Materials or Structural Term Sheets with respect to
Series 1997-[ ] and any subsequent Series of Certificates to
which it acts as Underwriter have been prepared and disseminated
by the Underwriter and not by or on behalf of the Company, and
that such materials included and shall include a disclaimer in
form satisfactory to the Company to the effect that such
materials have been prepared and disseminated by the Underwriter,
and that the content and accuracy of such materials have not been
reviewed by the Company.
(e) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Computational Materials or
Structural Term Sheets provided by the Underwriter pursuant to
this Section 8 or the omission to state therein a material fact
required, when considered in conjunction with the related
Prospectus and Prospectus Supplement, to be stated therein or
necessary to make the statements therein, when read in
conjunction with the related Prospectus and Prospectus
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
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<PAGE>
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, that
the Underwriter makes no representation or warranty as to whether
any such amendment or supplement will include any untrue
statement resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to any such
amendment or supplement prepared after the receipt by the
Underwriter from the Company of notice of such Corrected Mortgage
Pool Error or materials superseding or correcting such Corrected
Mortgage Pool Error). The Company shall have no obligation to
file such amendment or supplement if the Company determines that
(i) such amendment or supplement contains any untrue statement of
a material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (e) or (ii) such filing is not required under the
Act.
9. Collateral Term Sheets. (a) Prior to the delivery
of any "Collateral Term Sheet" within the meaning of the PSA
Letter, the filing of which material is a condition of the relief
granted in such letter (such material being the "Collateral Term
Sheets"), to a prospective investor in any Offered Certificates,
the Underwriter shall, in order to facilitate the timely filing
of such material with the Commission, notify the Company and its
counsel by telephone of its intention to deliver such materials
and the approximate date on which the first such delivery of such
materials is expected to occur. Not later than 10:30 a.m., New
York time, on the business day immediately following the date on
which any Collateral Term Sheet was first delivered to a
prospective investor in such Offered Certificates, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in the Offered Certificates that constitute "Collateral
Term Sheets." Each delivery of a Collateral Term Sheet to the
Company pursuant to this paragraph (a) shall be effected by
delivering four copies of such materials to counsel for the
Company on behalf of the Company at the address specified in
Section 3 hereof and one copy of such materials to the Company.
(Collateral Term Sheets and Structural Term Sheets are, together,
referred to herein as "ABS Term Sheets.") At the time of each
such delivery, the Underwriter shall indicate in writing that the
materials being delivered constitute Collateral Term Sheets, and,
if there has been any prior such delivery with respect to the
related Series, shall indicate whether such materials differ in
any material respect from any Collateral Term Sheets previously
delivered to the Company with respect to such Series pursuant to
this Section 9(a)
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<PAGE>
as a result of the occurrence of a material change in the
characteristics of the related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the
Company that are required to be filed with the Commission
as "Collateral Term Sheets" with respect to the related
Offered Certificates in accordance with the PSA Letter, and
such Collateral Term Sheets comply with the requirements of
the PSA Letter; and
(ii) On the date any such Collateral Term
Sheets with respect to such Offered Certificates were last
furnished to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section 9(a)
and on the related Closing Date, such Collateral Term
Sheets did not and will not include any untrue statement of
a material fact or, when read in conjunction with the
Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to
make the statements therein not misleading.
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Collateral Term
Sheet included or will include any untrue statement or material
omission resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to materials
prepared after the receipt by the Underwriter from the Company of
notice of such Corrected Mortgage Pool Error or materials
superseding or correcting such Corrected Mortgage Pool Error).
(c) The Underwriter acknowledges and agrees that any
Collateral Term Sheets with respect to any Series of Certificates
furnished to prospective investors from and after the date hereof
will have been prepared and disseminated by the Underwriter and
not by or on behalf of the Company, and that such materials shall
include a disclaimer in form satisfactory to the Company to the
effect set forth in Section 8(d) hereof, and to the effect that
the information contained in such materials supersedes the
information contained in any prior Collateral Term Sheet with
respect to such Series of Offered Certificates and will be
superseded by the description of the related Mortgage Loans in
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
Form 8-K. The Underwriter agrees that it will not represent to
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<PAGE>
prospective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Collateral Term Sheets provided by
the Underwriter pursuant to this Section 9 or the omission to
state therein a material fact required, when considered in
conjunction with the related Prospectus and Prospectus
Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Prospectus and Prospectus Supplement, not misleading, or if it
shall be necessary to amend or supplement any Current Report
relating to any Collateral Term Sheets to comply with the Act or
the rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, the
Underwriter makes no representation or warranty as to whether any
such amendment or supplement will include any untrue statement
resulting directly from any Mortgage Pool Error (except any
Corrected Mortgage Pool Error, with respect to any such amendment
or supplement prepared after the receipt by the Underwriter from
the Company of notice of such Corrected Mortgage Pool Error or
materials superseding or correcting such Corrected Mortgage Pool
Error). The Company shall have no obligation to file such
amendment or supplement if the Company determines that (i) such
amendment or supplement contains any untrue statement of a
material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (d) or (ii) such filing is not required under the
Act.
10. Termination. This Agreement (with respect to a
particular Certificate Offering) and the related Terms Agreement
shall be subject to termination in the absolute discretion of the
Underwriter, by notice given to the Company prior to delivery of
and payment for the related Offered Certificates, if prior to the
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<PAGE>
related Closing Date (i) trading in securities generally on the
New York Stock Exchange shall have been suspended or materially
limited, (ii) a general moratorium on commercial banking
activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred
any outbreak or material escalation of hostilities or other
calamity or crisis the effect of which on the financial markets
of the United States is such as to make it, in the reasonable
judgment of the Underwriter, impracticable to market such Offered
Certificates.
11. Representations and Indemnities to Survive
Delivery. The agreements, representations, warranties,
indemnities and other statements of the Company or its officers
and of the Underwriter set forth in or made pursuant to this
Agreement and the related Terms Agreement will remain in full
force and effect, regardless of any investigation made by or on
behalf of the Underwriter or the Company or any of the officers,
directors or controlling persons referred to in Section 7 hereof,
and will survive delivery of and payment for the related Offered
Certificates. The provisions of Section 7 hereof shall survive
the termination or cancellation of this Agreement and the related
Terms Agreement.
12. Successors. This Agreement and the related Terms
Agreement will inure to the benefit of and be binding upon the
parties hereto and thereto and their respective successors and
the officers, directors and controlling persons referred to in
Section 7 hereof, and their successors and assigns, and no other
person will have any right or obligation hereunder or thereunder.
No purchaser of any Offered Certificate from the Underwriter
shall be deemed a successor or assign by reason of such purchase.
13. APPLICABLE LAW. THIS AGREEMENT AND THE RELATED
TERMS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS
MADE AND TO BE PERFORMED THEREIN.
14. Miscellaneous. This Agreement, as supplemented by
the related Terms Agreement, supersedes all prior and
contemporaneous agreements and understandings relating to the
subject matter hereof. This Agreement and the related Terms
Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written
agreement made by the party against whom enforcement of the
change, waiver, discharge or termination is sought. The headings
in this Agreement and the related Terms Agreement are for
purposes of reference only and shall not limit or otherwise
affect the meaning hereof or thereof.
15. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
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<PAGE>
Underwriter, will be delivered to it at the address first above
written; or if sent to the Company, will be delivered to GE
Capital Mortgage Services, Inc., Three Executive Campus, Cherry
Hill, New Jersey 08002, Attention: General Counsel.
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<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Company and the Underwriter.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date first above written.
GREENWICH CAPITAL MARKETS, INC.
By:_______________________________
Name:
Title:
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
---------------
(to Underwriting Agreement,
dated September [ ], 1997
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08002
Greenwich Capital Markets, Inc. (the "Underwriter")
agrees, subject to the terms and provisions herein and of the
captioned Underwriting Agreement (the "Underwriting Agreement"),
to purchase such Classes of Series ____-__ Certificates specified
in Section 2(a) hereof (the "Offered Certificates"). This letter
supplements and modifies the Underwriting Agreement solely as it
relates to the purchase and sale of the Offered Certificates
described below. The Series ____-__ Certificates are registered
with the Securities and Exchange Commission by means of an
effective Registration Statement (No. 33-___). Capitalized terms
used and not defined herein have the meanings given them in the
Underwriting Agreement.
Section 1. The Mortgage Pool: The Series ____-__
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed rate, fully amortizing one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of ________ __, ____ (the "Cut-off
Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$[ ] aggregate principal balance as of the Cutoff Date,
subject to [an upward or downward variance of up to [ ]%,
the precise aggregate principal balance to be determined by
the Company][a permitted variance such that the aggregate
Scheduled Principal Balance thereof will be not less than
$[ ] or greater than $[ ]].
(b) Original Terms to Maturity: The original term to
maturity of each Mortgage Loan included in the Mortgage Pool
shall be between ___ and ___ years.
A-1
<PAGE>
Section 2. The Certificates: The Offered
Certificates shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a)[and, as to any
particular Class, to an upward or downward variance of up
to [ ]%]:
Principal Interest Class Purchase
Class Balance Rate Price Percentage
- ----- --------- -------- ----------------
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificates Principal Balance thereof plus
accrued interest at the rate of [ ]% per annum from and including
the Cut-off Date up to, but not including, _________ __, ____
(the "Closing Date").
Section 4. Required Ratings: The Offered
Certificates shall have received Required Ratings of at least
[ ] from [ ].
Section 5. Tax Treatment: [One or more elections
will be made to treat the assets of the Trust Fund as a REMIC.]
[The Trust Fund will be treated as a "grantor trust" for federal
income tax purposes.]
[Section 6. Additional Expenses:]*
- --------
* to be inserted if applicable.
A-2
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
GREENWICH CAPITAL MARKETS, INC.
By:_______________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
A-3
<PAGE>
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1997-8
TERMS AGREEMENT
(to Underwriting Agreement
dated September 19, 1997,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus September 19, 1997
Cherry Hill, NJ 08002
Greenwich Capital Markets, Inc. (the "Underwriter")
agrees, subject to the terms and provisions herein and of the
captioned Underwriting Agreement (the "Underwriting Agreement"),
to purchase the Classes of Series 1997-8 Certificates specified
in Section 2(a) hereof (the "Offered Certificates"). This Terms
Agreement supplements and modifies the Underwriting Agreement
solely as it relates to the purchase and sale of the Offered
Certificates described below. The Series 1997-8 Certificates are
registered with the Securities and Exchange Commission by means
of an effective Registration Statement (No. 333-3038).
Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pool: The Series 1997-8
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed rate, fully amortizing one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of September 1, 1997 (the "Cut-off
Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$501,148,045 aggregate principal balance as of the Cut-off
Date, subject to a permitted variance such that the
aggregate original Certificate Principal Balance will be
not less than $487,500,000 or greater than $512,500,000.
(b) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans included
in the Mortgage Pool shall be between 20 and 30 years.
<PAGE>
Section 2. The Certificates: The Offered Certificates
shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a):
Class
Purchase
Class Principal Interest Price
Balance Rate Percentage
Class A1 $18,563,000.00 7.250% 98.824219%
Class A2 13,339,000.00 7.250 98.824219
Class A3 29,292,000.00 6.750 98.824219
Class A4 13,131,000.00 6.750 98.824219
Class A5 18,652,000.00 6.750 98.824219
Class A6 21,902,000.00 7.250 98.824219
Class A7 99,594,000.00 7.250 98.824219
Class A8 55,000,000.00 7.250 98.824219
Class A9 4,251,000.00 7.250 98.824219
Class A10 11,731,000.00 7.250 98.824219
Class A11 21,579,000.00 7.250 98.824219
Class A12 (1) 7.250 98.824219
Class A13 29,722,000.00 7.250 98.824219
Class A14 28,039,777.00 (2) 98.824219
Class A15 6,768,223.00 (2) 98.824219
Class A16 77,822,900.00 7.250 98.824219
Class A17 30,000,000.00 7.125 98.824219
Class A18 (1) 0.065 98.824219
Class A19 (1) 0.060 98.824219
Class R 50.00 7.250 98.824219
Class RL 50.00 7.250 98.824219
Class M 7,768,000.00 7.250 98.511719
Class B1 4,761,000.00 7.250 97.792919
Class B2 3,759,000.00 7.250 96.402319
(1) The Class A12 Certificates shall be issued with an
initial notional principal balance of $4,212,067.00
and each of the Class A18 and Class A19 Certificates
shall be issued with an initial notional principal
balance of $30,000,000.00.
(2) Interest will accrue on the Class A14 and Class A15
Certificates at the respective rates described in the
related Prospectus.
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for
each Class of the Offered Certificates shall be the Class
Purchase Price Percentage therefor (as set forth in Section 2(a)
2
<PAGE>
above) of the initial Class Certificate Principal Balance thereof
plus accrued interest at the initial interest rate per annum from
and including the Cut-off Date up to, but not including,
September 26, 1997 (the "Closing Date").
Section 4. Required Ratings: The Offered Certificates,
other than the Class A12, Class A18, Class A19, Class M, Class B1
and Class B2 Certificates, shall have received Required Ratings
of "AAA" from Fitch Investors Service, L.P. ("Fitch") and
Standard & Poor's Rating Services, a division of The McGraw-Hill
Companies, Inc. ("S&P"). The Class A12, Class A18 and Class A19
Certificates shall have received Required Ratings of at least
"AAA" from Fitch and "AAAr" from S&P. The Class M, Class B1 and
Class B2 Certificates shall have received Required Ratings of at
least "AA," "A" and "BBB," respectively, from Fitch.
Section 5. Tax Treatment: One or more elections will
be made to treat the assets of the Trust Fund as a REMIC.
Section 6. Reserve Fund: On the Closing Date, the
Underwriter shall deliver by wire transfer or by certified check
to the Trustee an amount equal to $8,000.00 for deposit in the
Reserve Fund (as such term is defined in the Prospectus
Supplement).
Section 7. Rounding Account: On the Closing Date, the
Underwriter shall deliver to the Trustee by wire transfer or by
certified check an amount equal to $999.99 for deposit in the
Rounding Account (as such term is defined in the Prospectus
Supplement).
3
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
GREENWICH CAPITAL MARKETS, INC.
By:--------------------------------
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By:--------------------------------
Name:
Title:
<PAGE>
EXECUTION
____________________________________________________________________
GE CAPITAL MORTGAGE SERVICES, INC.,
Seller and Servicer
and
STATE STREET BANK AND TRUST COMPANY,
Trustee
__________________________________________________
POOLING AND SERVICING AGREEMENT
Dated as of September 1, 1997
__________________________________________________
REMIC Multi-Class Pass-Through Certificates,
Series 1997-8
____________________________________________________________________
<PAGE>
TABLE OF CONTENTS
Section Page
- ------- ----
ARTICLE I
DEFINITIONS
1.01. Definitions.............................................. 1
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
2.01. Conveyance of Mortgage Loans............................. 46
2.02. Acceptance by Trustee.................................... 49
2.03. Representations and Warranties of the Company;
Mortgage Loan Repurchase................................. 51
2.04. Execution of Certificates................................ 57
2.05. The REMICs............................................... 57
2.06. Designations under the REMIC Provisions.................. 59
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
3.01. Company to Act as Servicer............................... 60
3.02. Collection of Certain Mortgage Loan Payments;
Mortgage Loan Payment Record; Certificate Account........ 66
3.03. Collection of Taxes, Assessments and Other Items......... 70
3.04. Permitted Debits to the Mortgage Loan Payment Record..... 70
3.05. Maintenance of the Primary Insurance Policies............ 71
3.06. Maintenance of Hazard Insurance.......................... 72
3.07. Assumption and Modification Agreements................... 73
3.08. Realization Upon Defaulted Mortgage Loans................ 74
3.09. Trustee to Cooperate; Release of Mortgage Files.......... 77
3.10. Servicing Compensation; Payment of Certain
Expenses by the Company.................................. 78
3.11. Reports to the Trustee; Certificate
Account Statements....................................... 79
3.12. Annual Statement as to Compliance........................ 79
3.13. Annual Independent Public Accountants'
Servicing Report......................................... 79
3.14. Access to Certain Documentation and
Information Regarding the Mortgage Loans................. 80
3.15. Maintenance of Certain Servicing Policies................ 80
3.16. Optional Purchase of Defaulted Mortgage Loans............ 81
3.17. The Reserve Fund......................................... 81
i
<PAGE>
Section Page
- ------- ----
ARTICLE IV
PAYMENTS AND STATEMENTS
4.01. Distributions............................................ 82
4.02. Method of Distribution................................... 90
4.03. Allocation of Losses..................................... 92
4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans........................................... 94
4.05. Statements to Certificateholders......................... 95
4.06. Servicer's Certificate................................... 98
4.07. Reports of Foreclosures and Abandonments of
Mortgaged Property....................................... 98
4.08. Reduction of Servicing Fees by Compensating
Interest Payments........................................ 98
4.09. Surety Bond.............................................. 98
4.10. Distributions to Holders of Class A17 Certificates....... 99
ARTICLE V
THE CERTIFICATES
5.01. The Certificates.........................................105
5.02. Registration of Transfer and Exchange of
Certificates.............................................108
5.03. Mutilated, Destroyed, Lost or Stolen Certificates........115
5.04. Persons Deemed Owners....................................115
5.05. Access to List of Certificateholders' Names
and Addresses............................................115
5.06. Representation of Certain Certificateholders.............116
5.07. Determination of COFI....................................116
5.08. Determination of LIBOR...................................117
ARTICLE VI
THE COMPANY
6.01. Liability of the Company.................................119
6.02. Merger or Consolidation of, or Assumption of the
Obligations of, the Company..............................119
6.03. Assignment...............................................119
6.04. Limitation on Liability of the Company and Others........119
6.05. The Company Not to Resign................................120
ARTICLE VII
DEFAULT
7.01. Events of Default........................................121
7.02. Trustee to Act; Appointment of Successor.................122
7.03. Notification to Certificateholders.......................123
ii
<PAGE>
Section Page
- ------- ----
ARTICLE VIII
THE TRUSTEE
8.01. Duties of Trustee........................................124
8.02. Certain Matters Affecting the Trustee....................125
8.03. Trustee Not Liable for Certificates or
Mortgage Loans...........................................127
8.04. Trustee May Own Certificates.............................127
8.05. The Company to Pay Trustee's Fees and Expenses...........127
8.06. Eligibility Requirements for Trustee.....................127
8.07. Resignation or Removal of Trustee........................128
8.08. Successor Trustee........................................129
8.09. Merger or Consolidation of Trustee.......................129
8.10. Appointment of Co-Trustee or Separate Trustee............130
8.11. Compliance with REMIC Provisions; Tax Returns............131
ARTICLE IX
TERMINATION
9.01. Termination upon Repurchase by the Company
or Liquidation of All Mortgage Loans.....................131
9.02. Additional Termination Requirements......................133
ARTICLE X
MISCELLANEOUS PROVISIONS
10.01. Amendment...............................................134
10.02. Recordation of Agreement................................135
10.03. Limitation on Rights of Certificateholders..............136
10.04. Governing Law...........................................137
10.05. Notices.................................................137
10.06. Notices to the Rating Agencies..........................137
10.07. Severability of Provisions..............................138
10.08. Certificates Nonassessable and Fully Paid...............138
iii
<PAGE>
Exhibits
--------
EXHIBIT A Forms of Certificates
EXHIBIT B Principal Balance Schedules
EXHIBIT C Mortgage Loans
EXHIBIT D Form of Servicer's Certificate
EXHIBIT E Form of Transfer Certificate as to
ERISA Matters for Definitive
ERISA-Restricted Certificates
EXHIBIT F Form of Residual Certificate
Transferee Affidavit
EXHIBIT G Form of Residual Certificate
Transferor Letter
EXHIBIT H Additional Servicer Compensation
EXHIBIT I Form of Investment Letter for
Definitive Restricted Certificates
EXHIBIT J Form of Distribution Date
Statement
EXHIBIT K Form of Special Servicing and
Collateral Fund Agreement
EXHIBIT L Form of Lost Note Affidavit and
Agreement
EXHIBIT M Permitted Reserve Fund Investments
EXHIBIT N Schedule of Designated Loans
EXHIBIT O Pledged Asset Mortgage Loans
iv
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of
September 1, 1997, between GE CAPITAL MORTGAGE SERVICES, INC., a
corporation organized and existing under the laws of the State of
New Jersey, and STATE STREET BANK AND TRUST COMPANY, a
Massachusetts banking corporation, as Trustee.
W I T N E S S E T H T H A T :
In consideration of the mutual agreements herein
contained, GE Capital Mortgage Services, Inc. and State Street
Bank and Trust Company agree as follows:
ARTICLE I
DEFINITIONS
Section 1.01. Definitions. Whenever used in this
Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings:
Accretion Directed Certificate: Any Class A7 or Class
A8 Certificate.
Accretion Directed Component: None.
Accretion Termination Date: With respect to the Class
A9 Certificates, the earlier to occur of (i) the
Distribution Date on which the Class Certificate Principal
Balance of the Class A8 Certificates has been reduced to
zero and (ii) the Cross-Over Date. With respect to the
Class A10 Certificates, the earlier to occur of (i) the
Distribution Date on which the Class Certificate Principal
Balance of the Class A7 Certificates has been reduced to
zero and (ii) the Cross-Over Date.
Accrual Amount: As to any Class of Accrual
Certificates and any Accrual Component and each
Distribution Date through the related Accretion Termination
Date, the sum of (x) any amount of Accrued Certificate
Interest allocable to such Class or Component pursuant to
Section 4.01(a)(i) on such Distribution Date and (y) any
amount of Unpaid Class Interest Shortfall allocable to such
Class or Component pursuant to Section 4.01(a)(ii) on such
Distribution Date, to the extent that such amounts are
distributed to the related Accretion Directed Class or
Classes pursuant to Section 4.01(e). As to any Class of
Accrual Certificates and any Accrual Component and each
Distribution Date after the related Accretion Termination
Date, zero.
Accrual Certificates: The Class A9 and Class A10
Certificates.
<PAGE>
Accrual Component: None.
Accrued Certificate Interest: As to any Distribution
Date and any Class of Certificates (other than any Class of
Principal Only Certificates and any Class of Certificates
consisting of Specified Components), interest accrued
during the related Interest Accrual Period at the
applicable Certificate Interest Rate on the Class
Certificate Principal Balance (or, in the case of any Class
of Notional Certificates other than the Class S
Certificates, on the aggregate Notional Principal Balance)
thereof immediately prior (or, in the case of the Class S
Certificates, on the aggregate Notional Principal Balance
thereof with respect) to such Distribution Date, calculated
on the basis of a 360-day year consisting of twelve 30-day
months. As to any Distribution Date and any Specified
Component, interest accrued during the related Interest
Accrual Period at the applicable Component Interest Rate on
the Component Principal Balance (or Notional Component
Principal Balance) thereof immediately prior to such
Distribution Date, calculated on the basis of a 360-day
year consisting of twelve 30-day months. As to any
Distribution Date and any Class of Certificates consisting
of Specified Components, the aggregate of Accrued
Certificate Interest on the Specified Components thereof
for such Distribution Date.
Accrued Certificate Interest on each Class of
Certificates (other than any Class of Principal Only
Certificates and any Class of Certificates consisting of
Specified Components) and any Specified Component shall be
reduced by such Class's or Specified Component's share of
the amount of any Net Interest Shortfall and Interest
Losses for such Distribution Date. Any Net Interest
Shortfall and Interest Losses shall be allocated among the
Classes of Certificates (other than any Class of Principal
Only Certificates and any Class of Certificate consisting
of Specified Components) and among any Specified Components
(other than any Principal Only Component) of any Component
Certificate in proportion to the respective amounts of
Accrued Certificate Interest that would have resulted
absent such shortfall or losses.
Additional Collateral: With respect to any Mortgage
100SM Loan, the marketable securities held from time to
time as security for the repayment of such Mortgage 100SM
Loan and any related collateral. With respect to any Parent
PowerSM Loan, the third-party guarantee for such Parent
PowerSM Loan, together with (i) any marketable securities
held from time to time as security for the performance of
such guarantee and any related collateral or (ii) any
mortgaged property securing the performance of such
2
<PAGE>
guarantee, the related home equity line of credit loan and
any related collateral.
Adjusted Net Interest Shortfall: With respect to any
Distribution Date, the excess, if any, of (i) the aggregate
of the Interest Shortfalls described in clauses (a) and (b)
of the definition thereof with respect to such Distribution
Date over (ii) any Compensating Interest Payment for such
date.
Aggregate Scheduled Senior Balance: As to any
Distribution Date and the Scheduled Group Senior
Certificates, as a group, the aggregate balance designated
as such for such Distribution Date as set forth in the
Principal Balance Schedules.
Aggregate Type I PAC Balance: As to any Distribution
Date and the Type I PAC Certificates, as a group, the
aggregate balance designated as such for such Distribution
Date as set forth in the Principal Balance Schedules.
Aggregate Type II PAC Balance: As to any Distribution
Date and the Type II PAC Certificates, the balance
designated as such for such Distribution Date as set forth
in the Principal Balance Schedules.
Agreement: This Pooling and Servicing Agreement and
all amendments hereof and supplements hereto.
Allocable Share: (a) As to any Distribution Date and
amounts distributable pursuant to clauses (i) and (iii) of
the definition of Junior Optimal Principal Amount, and as
to each Class of Junior Certificates, the fraction,
expressed as a percentage, the numerator of which is the
Class Certificate Principal Balance of such Class and the
denominator of which is the aggregate Class Certificate
Principal Balance of the Junior Certificates.
(b) As to any Distribution Date and amounts
distributable pursuant to clauses (ii), (iv) and (v) of the
definition of Junior Optimal Principal Amount, and as to
the Class M Certificates and each Class of Class B
Certificates for which the related Prepayment Distribution
Trigger has been satisfied on such Distribution Date, the
fraction, expressed as a percentage, the numerator of which
is the Class Certificate Principal Balance of such Class
and the denominator of which is the aggregate Class
Certificate Principal Balance of all such Classes. As to
any Distribution Date and each Class of Class B
Certificates for which the related Prepayment Distribution
Trigger has not been satisfied on such Distribution Date,
0%.
3
<PAGE>
Amortization Payment: As to any REO Mortgage Loan and
any month, the payment of principal and accrued interest
due in such month in accordance with the terms of the
related Mortgage Note as contemplated by Section 3.08(b).
Amount Held for Future Distribution: As to each
Distribution Date, the total of all amounts credited to the
Mortgage Loan Payment Record as of the preceding
Determination Date on account of (i) Principal Prepayments,
Insurance Proceeds and Liquidation Proceeds received
subsequent to the preceding Prepayment Period applicable to
such receipts, and (ii) monthly payments of principal and
interest due subsequent to the preceding Due Date.
Anniversary Determination Date: The Determination Date
occurring in October of each year that the Certificates are
outstanding, commencing in October 1998.
Assumed Monthly Payment Reduction: As of any
Anniversary Determination Date and as to any Non-Primary
Residence Loan remaining in the Mortgage Pool whose
original principal balance was 80% or greater of the
Original Value thereof, the excess of (i) the Monthly
Payment thereof calculated on the assumption that the
Mortgage Rate thereon was equal to the weighted average (by
principal balance) of the Net Mortgage Rates of all
Outstanding Mortgage Loans (the "Weighted Average Rate") as
of such Anniversary Determination Date over (ii) the
Monthly Payment thereof calculated on the assumption that
the Net Mortgage Rate thereon was equal to the Weighted
Average Rate less 1.25% per annum.
Available Funds: As to each Distribution Date, an
amount equal to the sum of (i) all amounts credited to the
Mortgage Loan Payment Record pursuant to Section 3.02 as of
the preceding Determination Date, (ii) any Monthly Advance
and any Compensating Interest Payment for such Distribution
Date, (iii) the Purchase Price of any Defective Mortgage
Loans, Defaulted Mortgage Loans, and Modified Mortgage
Loans deposited in the Certificate Account on the Business
Day preceding such Distribution Date (including any amounts
deposited in the Certificate Account in connection with any
substitution of a Mortgage Loan as specified in Section
2.03(b)), and (iv) the purchase price of any defaulted
Mortgage Loan purchased under an agreement entered into
pursuant to Section 3.08(e) as of the end of the preceding
Prepayment Period less the sum of (x) the Amount Held for
Future Distribution, and (y) amounts permitted to be
debited from the Mortgage Loan Payment Record pursuant to
clauses (i) through (vii) of Section 3.04.
4
<PAGE>
Bankruptcy Coverage Termination Date: The Distribution
Date upon which the Bankruptcy Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
Bankruptcy Loss Amount: As of any Determination Date
prior to the first Anniversary Determination Date, the
Bankruptcy Loss Amount shall equal $206,916, as reduced by
the aggregate amount of Deficient Valuations and Debt
Service Reductions since the Cut-off Date. As of any
Determination Date after the first Anniversary
Determination Date, other than an Anniversary Determination
Date, the Bankruptcy Loss Amount shall equal the Bankruptcy
Loss Amount on the immediately preceding Anniversary
Determination Date as reduced by the aggregate amount of
Deficient Valuations and Debt Service Reductions since such
preceding Anniversary Determination Date. As of any
Anniversary Determination Date, the Bankruptcy Loss Amount
shall equal the lesser of (x) the Bankruptcy Loss Amount as
of the preceding Determination Date as reduced by any
Deficient Valuations and Debt Service Reductions for the
preceding Distribution Date, and (y) the greater of (i) the
Fitch Formula Amount for such Anniversary Determination
Date and (ii) the S&P Formula Amount for such Anniversary
Determination Date.
The Bankruptcy Loss Amount may be further reduced by
the Company (including accelerating the manner in which
such coverage is reduced) provided that prior to any such
reduction, the Company shall obtain written confirmation
from each Rating Agency that such reduction shall not
adversely affect the then-current rating assigned to the
related Classes of Certificates by such Rating Agency and
shall provide a copy of such written confirmation to the
Trustee.
BIF: The Bank Insurance Fund of the FDIC, or its
successor in interest.
Book-Entry Certificate: Any Certificate registered in
the name of the Depository or its nominee, ownership of
which is reflected on the books of the Depository or on the
books of a person maintaining an account with such
Depository (directly or as an indirect participant in
accordance with the rules of such Depository). As of the
Closing Date, each Class of Certificates, other than the
Class A18, Class A19, Class B3, Class B4, Class B5, Class
R, Class RL, Class PO and Class S Certificates, constitutes
a Class of Book-Entry Certificates.
Book-Entry Nominee: As defined in Section 5.02(b).
5
<PAGE>
Business Day: Any day other than a Saturday or a
Sunday, or a day on which banking institutions in New York
City or the city in which the Corporate Trust Office is
located are authorized or obligated by law or executive
order to be closed.
Buydown Funds: Funds contributed by the Mortgagor or
another source in order to reduce the interest payments
required from the Mortgagor for a specified period in
specified amounts.
Buydown Mortgage Loan: Any Mortgage Loan as to which
the Mortgagor pays less than the full monthly payment
specified in the Mortgage Note during the Buydown Period
and the difference between the amount paid by the Mortgagor
and the amount specified in the Mortgage Note is paid from
the related Buydown Funds.
Buydown Period: The period during which Buydown Funds
are required to be applied to the related Buydown Mortgage
Loan.
Category A Excess Amount: As set forth in the
definition of Category A Senior Optimal Principal Amount.
Category A Percentage: As to any Distribution Date,
61.2761714%.
Category A Senior Certificates: The Class A2, Class
A3, Class A4, Class A5, Class A6, Class A7, Class A10,
Class A11, Class A13, Class A14 and Class A15 Certificates.
Category A Senior Certificate Principal Balance: As to
any Distribution Date, an amount equal to the sum of the
Certificate Principal Balances of the Category A Senior
Certificates.
Category A Senior Optimal Principal Amount: With
respect to each Distribution Date, an amount equal to the
Category A Percentage of the Senior Optimal Principal
Amount. If on the Distribution Date on which the
Certificate Principal Balance of each of the Category A
Senior Certificates is reduced to zero, the Category A
Senior Optimal Principal Amount exceeds the amount
necessary to reduce the Category A Senior Certificate
Principal Balance to zero, then the Category A Senior
Optimal Principal Amount shall be reduced by an amount
equal to such excess (the "Category A Excess Amount") and
the Category B Senior Optimal Principal Amount shall be
increased by the Category A Excess Amount.
6
<PAGE>
Category B Excess Amount: As set forth in the
definition of Category B Senior Optimal Principal Amount.
Category B Group I Final Distribution Date: The
Distribution Date on which the Category B Group I Senior
Certificate Principal Balance is reduced to zero.
Category B Group I Senior Certificate: Any Class A8,
Class A9, Class A16, Class A17, Class R or Class RL
Certificate.
Category B Group I Senior Certificate Principal
Balance: As to any Distribution Date, an amount equal to
the sum of the Certificate Principal Balances of the
Category B Group I Senior Certificates.
Category B Group I Senior Optimal Principal Amount: As
to any Distribution Date, an amount equal to the sum of:
(i) the Category B Group I Senior Percentage of the
Category B Percentage of the Senior Percentage of
the applicable Non-PO Percentage of the principal
portion of each Monthly Payment due on the related
Due Date on each Outstanding Mortgage Loan as of
such Due Date as specified in the amortization
schedule at the time applicable thereto (after
adjustments for previous Principal Prepayments and
Debt Service Reductions subsequent to the
Bankruptcy Coverage Termination Date but before
any adjustment to such amortization schedule by
reason of any bankruptcy (except as aforesaid) or
similar proceeding or any moratorium or similar
waiver or grace period);
(ii) the Category B Group I Senior Prepayment Percentage of
the Category B Percentage of the applicable Non-PO
Percentage of all principal prepayments in part
received during the related Prepayment Period,
together with the Category B Group I Senior Prepayment
Percentage of the Category B Percentage of the
applicable Non-PO Percentage of the Scheduled
Principal Balance of each Mortgage Loan which was the
subject of a Voluntary Principal Prepayment in full
during the related Prepayment Period;
(iii) the lesser of (x) the Category B Group I Senior
Percentage of the Category B Percentage of the Senior
Percentage of the applicable Non-PO Percentage of the
sum of (A) the Scheduled Principal Balance of each
Mortgage Loan that became a Liquidated Mortgage Loan
(other than
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Mortgage Loans described in clause (B)) during the
related Prepayment Period and (B) the Scheduled
Principal Balance of each Mortgage Loan that was
purchased by an insurer from the Trustee during the
related Prepayment Period pursuant to the related
Primary Insurance Policy, as reduced in each case by
the Category B Group I Senior Percentage of the
Category B Percentage of the Senior Percentage of the
applicable Non-PO Percentage of the principal portion
of any Excess Losses (other than Excess Bankruptcy
Losses attributable to Debt Service Reductions), and
(y) the Category B Group I Senior Prepayment
Percentage of the Category B Percentage of the
applicable Non-PO Percentage of the sum of (A) all Net
Liquidation Proceeds allocable to principal received
in respect of each such Liquidated Mortgage Loan
(other than Mortgage Loans described in clause (B))
and (B) the principal balance of each such Mortgage
Loan purchased by an insurer from the Trustee pursuant
to the related Primary Insurance Policy, in each case
during the related Prepayment Period;
(iv) the Category B Group I Senior Prepayment Percentage of
the Category B Percentage of the applicable Non-PO
Percentage of the Scheduled Principal Balance of each
Mortgage Loan which was purchased on such Distribution
Date pursuant to Section 2.02, 2.03(a) or 3.16; and
(v) the Category B Group I Senior Prepayment
Percentage of the Category B Percentage of the
applicable Non-PO Percentage of the Substitution
Amount for any Mortgage Loan substituted during
the month of such Distribution Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Category B Group I Senior Percentage: As to any
Distribution Date, the lesser of (i) 100% and (ii) the
percentage (carried to six places rounded up) obtained by
dividing the Category B Group I Senior Certificate
Principal Balance immediately prior to such Distribution
Date by an amount equal to the Category B Senior
Certificate Principal Balance immediately prior to such
Distribution Date.
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Category B Group I Senior Prepayment Percentage: For any
Distribution Date occurring prior to the fifth anniversary of the
first Distribution Date, 100%.
For any Distribution Date occurring on or after the
fifth anniversary of the first Distribution Date, an amount
as follows:
(i) for any Distribution Date subsequent to September
2002 to and including the Distribution Date in
September 2003, the Category B Group I Senior
Percentage of the Senior Percentage for such
Distribution Date plus 70% of the sum of the
Category B Group II Senior Percentage of the
Senior Percentage and the Junior Percentage for
such Distribution Date;
(ii) for any Distribution Date subsequent to September 2003
to and including the Distribution Date in September
2004, the Category B Group I Senior Percentage of the
Senior Percentage for such Distribution Date plus 60%
of the sum of the Category B Group II Senior
Percentage of the Senior Percentage and the Junior
Percentage for such Distribution Date;
(iii) for any Distribution Date subsequent to September 2004
to and including the Distribution Date in September
2005, the Category B Group I Senior Percentage of the
Senior Percentage for such Distribution Date plus 40%
of the sum of the Category B Group II Senior
Percentage of the Senior Percentage and the Junior
Percentage for such Distribution Date;
(iv) for any Distribution Date subsequent to September 2005
to and including the Distribution Date in September
2006, the Category B Group I Senior Percentage of the
Senior Percentage for such Distribution Date plus 20%
of the sum of the Category B Group II Senior
Percentage of the Senior Percentage and the Junior
Percentage for such Distribution Date; and
(v) for any Distribution Date thereafter, the
Category B Group I Senior Percentage of the
Senior Percentage for such Distribution Date.
On any Distribution Date on which the amount available for
distribution in respect of the Category B Group I Senior
Optimal Principal Amount would otherwise exceed the
remaining aggregate Class Certificate Principal Balance of
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the Category B Group I Senior Certificates, (1) the
Category B Group I Senior Prepayment Percentage shall be
limited to the percentage necessary (after giving effect to
the allocation on such date of amounts pursuant to clause
(i) and, if applicable, clause (iii)(x) of the definition
of "Category B Group I Senior Optimal Principal Amount") to
reduce the Class Certificate Principal Balances of the
Category B Group I Senior Certificates to zero, and (2) any
amounts that would have been allocable to the Category B
Group I Senior Certificates absent the limitation in clause
(1) above will be distributable to the Category B Group II
Senior Certificates.
After the Category B Group I Senior Certificate Principal
Balance has been reduced to zero, the Category B Group I
Senior Prepayment Percentage shall be zero.
Category B Group II Senior Certificate: Any Class
A1 Certificate.
Category B Group II Senior Optimal Principal Amount:
As to any Distribution Date, an amount equal to the excess
of (i) the Category B Senior Optimal Principal Amount for
such Distribution Date over (ii) the Category B Group I
Senior Optimal Principal Amount with respect to such
Distribution Date.
Category B Group II Senior Percentage: As to any
Distribution Date, 100% minus the Category B Group I Senior
Percentage.
Category B Percentage: As to any Distribution Date,
38.7238286%.
Category B Senior Certificate: Any Class A1, Class A8,
Class A9, Class A16, Class A17, Class R and Class RL
Certificate.
Category B Senior Certificate Principal Balance: As to
any Distribution Date, an amount equal to the sum of the
Certificate Principal Balances of the Category B Senior
Certificates.
Category B Senior Optimal Principal Amount: With
respect to each Distribution Date, an amount equal to the
Category B Percentage of the Senior Optimal Principal
Amount. If on the Distribution Date on which the
Certificate Principal Balance of each of the Category B
Senior Certificates is reduced to zero, the Category B
Senior Optimal Principal Amount exceeds the amount
necessary to reduce the Category B Senior Certificate
Principal Balance to zero, then the Category B Senior
Optimal
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Principal Amount shall be reduced by an amount equal to
such excess (the "Category B Excess Amount") and the
Category A Senior Optimal Principal Amount shall be
increased by the Category B Excess Amount.
Certificate: Any one of the certificates signed and
countersigned by the Trustee in substantially the forms
attached hereto as Exhibit A.
Certificate Account: The trust account or accounts
created and maintained with the Trustee pursuant to Section
3.02 and which must be an Eligible Account.
Certificate Interest Rate: With respect to any Class
of Certificates (other than any Class of LIBOR
Certificates, any Class of Certificates consisting of
Specified Components and the Class S Certificates), and as
of any Distribution Date, the per annum fixed rate
specified in Section 5.01(b). With respect to each Class of
LIBOR Certificates, the per annum variable rate at any time
at which interest accrues on the Certificates of such
Class, as determined pursuant to Section 5.01(f). With
respect to the Class S Certificates and any Distribution
Date, the Strip Rate for such Distribution Date. Interest
shall accrue on any Class of Certificates consisting of
Specified Components at a rate calculated on the basis of
the Class Certificate Principal Balance thereof and the
aggregate amount of Accrued Certificate Interest for the
preceding Interest Accrual Period on the Specified
Components thereof.
Certificate Owner: With respect to any Book-Entry
Certificate, the person who is the beneficial owner thereof.
Certificate Principal Balance: As to any Certificate
other than a Notional Certificate, and as of any
Distribution Date, the Initial Certificate Principal
Balance of such Certificate (plus, in the case of any
Accrual Certificate or any Certificate consisting of
Accrual Components, its Percentage Interest of any related
Accrual Amount for each previous Distribution Date) less
the sum of (i) all amounts distributed with respect to such
Certificate in reduction of the Certificate Principal
Balance thereof on previous Distribution Dates pursuant to
Section 4.01, (ii) any Realized Losses allocated to such
Certificate on previous Distribution Dates pursuant to
Section 4.03(b) and (c), and (iii) in the case of a
Subordinate Certificate, such Certificate's Percentage
Interest of the Subordinate Certificate Writedown Amount
allocated to such Certificate on previous Distribution
Dates. The Notional Certificates are issued without
Certificate Principal Balances.
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Certificate Register and Certificate Registrar: The
register maintained and the registrar appointed pursuant to
Section 5.02.
Certificateholder or Holder: The person in whose name
a Certificate is registered in the Certificate Register,
except that, solely for the purposes of giving any consent
pursuant to this Agreement, a Certificate of any Class to
the extent that the Company or any affiliate is the
Certificate Owner or Holder thereof (except to the extent
the Company or any affiliate thereof shall be the
Certificate Owner or Holder of all Certificates of such
Class), shall be deemed not to be outstanding and the
Percentage Interest (or Voting Rights) evidenced thereby
shall not be taken into account in determining whether the
requisite amount of Percentage Interests (or Voting Rights)
necessary to effect any such consent has been obtained;
provided, however, that in determining whether the Trustee
shall be protected in relying on such consent only the
Certificates that the Trustee knows to be so held shall be
so disregarded.
Class: All Certificates bearing the same class
designation or any Lower Tier Interest.
Class B Certificate: Any Class B1, Class B2, Class B3,
Class B4 or Class B5 Certificate.
Class Certificate Principal Balance: As to any Class
of Certificates, other than any Class of Notional
Certificates, and as of any date of determination, the
aggregate of the Certificate Principal Balances of all
Certificates of such Class. The Class Certificate Principal
Balance of each such Class of Certificates as of the
Closing Date is specified in Section 5.01(b).
Class Interest Shortfall: As to any Distribution Date
and any Class of Certificates (other than any Class of
Principal Only Certificates and any Class of Certificates
consisting of Specified Components) or any Specified
Component, any amount by which the amount distributed to
Holders of such Class of Certificates or in respect of such
Specified Component (or added to the Class Certificate
Principal Balance of any Class of Accrual Certificates or
to the Component Principal Balance of any Accrual
Component) on such Distribution Date is less than the
Accrued Certificate Interest thereon for such Distribution
Date. As to any Class of Certificates consisting of
Specified Components and any Distribution Date, the sum of
any Class Interest Shortfalls on the Specified Components
thereof.
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<PAGE>
Class PO Deferred Amount: As to any Distribution Date
on or prior to the Cross-Over Date, the aggregate of the
applicable PO Percentage of the principal portion of each
Realized Loss, other than any Excess Loss, to be allocated
to the Class PO Certificates on such Distribution Date or
previously allocated to the Class PO Certificates and not
yet paid to the Holders of the Class PO Certificates
pursuant to Section 4.01(a)(iv).
Closing Date: September 26, 1997.
Code: The Internal Revenue Code of 1986, as it may be
amended from time to time, any successor statutes thereto,
and applicable U.S. Department of the Treasury temporary or
final regulations promulgated thereunder.
COFI: The monthly weighted average cost of funds for
savings institutions the home offices of which are located
in Arizona, California, or Nevada that are member
institutions of the Eleventh Federal Home Loan Bank
District, as computed from statistics tabulated and
published by the Federal Home Loan Bank of San Francisco in
its monthly Information Bulletin.
COFI Certificates: None.
COFI Determination Date: As to each Interest Accrual
Period for any COFI Certificates, the last Business Day of
the calendar month preceding the commencement of such
Interest Accrual Period.
Company: GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the
State of New Jersey, or its successor in interest or, if
any successor servicer is appointed as herein provided,
then such successor servicer.
Compensating Interest Payment: With respect to any
Distribution Date, an amount equal to the aggregate of the
Interest Shortfalls described in clauses (a) and (b) of the
definition thereof with respect to such Distribution Date;
provided, however, that such amount shall not exceed the
lesser of (i) an amount equal to the product of (x) the
Pool Scheduled Principal Balance with respect to such
Distribution Date and (y) one-twelfth of 0.125%, and (ii)
the aggregate of the Servicing Fees that the Company would
be entitled to retain on such Distribution Date (less any
portion thereof paid as servicing compensation to any
Primary Servicer) without giving effect to any Compensating
Interest Payment.
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Component: None.
Component Certificate: None.
Component Principal Balance: As of any Distribution
Date, and with respect to any Component, other than any
Notional Component, the initial Component Principal Balance
thereof (as set forth, as applicable, in the definition of
Component) (plus, in the case of any Accrual Component, any
related Accrual Amount for each previous Distribution Date)
less the sum of (x) all amounts distributed in reduction
thereof on previous Distribution Dates pursuant to Section
4.01 and (y) the amount of all Realized Losses allocated
thereto pursuant to Section 4.03(d).
Confirmatory Mortgage Note: With respect to any
Mortgage Loan, a note or other evidence of indebtedness
executed by the Mortgagor confirming its obligation under
the note or other evidence of indebtedness previously
executed by the Mortgagor upon the origination of the
related Mortgage Loan.
Corporate Trust Office: The principal office of the
Trustee at which at any particular time its corporate trust
business shall be administered, which office at the date of
the execution of this instrument is located at 225 Franklin
Street, Boston, Massachusetts 02110, Attention: Corporate
Trust Department.
Corresponding Class: With respect to any Class of
Lower Tier Interests, the Class or Classes of Certificates,
and with respect to any Class of Certificates, the Class or
Classes of Lower Tier Interests, appearing opposite such
Class of Lower Tier Interests or Certificates in the table
included in Section 2.05(a).
Corresponding Component: With respect to any Class of
Lower Tier Interests, the Component or Components of a
Class of Certificates, and with respect to any Component or
Components of a Class of Certificates, the Class or Classes
of Lower Tier Interests, appearing opposite such Class of
Lower Tier Interests or Components in the table included in
Section 2.05(a).
Cross-Over Date: The first Distribution Date on which
the aggregate Class Certificate Principal Balance of the
Junior Certificates has been reduced to zero (giving effect
to all distributions on such Distribution Date).
Cut-off Date: September 1, 1997.
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<PAGE>
Debt Service Reduction: As to any Mortgage Loan and
any Determination Date, the excess of (a) the then current
Monthly Payment for such Mortgage Loan over (b) the amount
of the monthly payment of principal and interest required
to be paid by the Mortgagor as established by a court of
competent jurisdiction as a result of a proceeding
initiated by or against the related Mortgagor under the
Bankruptcy Code, as amended from time to time (11 U.S.C.).
Deceased Holder: With respect to a Holder of a Class
A17 Certificate, as defined in Section 4.10(b).
Defaulted Mortgage Loan: With respect to any
Determination Date, a Mortgage Loan as to which the related
Mortgagor has failed to make unexcused payment in full of a
total of three or more consecutive installments of
principal and interest, and as to which such delinquent
installments have not been paid, as of the close of
business on the last Business Day of the month next
preceding the month of such Determination Date.
Defective Mortgage Loan: Any Mortgage Loan which is
required to be purchased by the Company (or which the
Company may replace with a substitute Mortgage Loan)
pursuant to Section 2.02 or 2.03(a).
Deficient Valuation: As to any Mortgage Loan and any
Determination Date, the excess of (a) the then outstanding
indebtedness under such Mortgage Loan over (b) the
valuation by a court of competent jurisdiction of the
related Mortgaged Property as a result of a proceeding
initiated by or against the related Mortgagor under the
Bankruptcy Code, as amended from time to time (11 U.S.C.),
pursuant to which such Mortgagor retained such Mortgaged
Property.
Definitive Certificate: Any Certificate, other than a
Book-Entry Certificate, issued in definitive, fully
registered form.
Definitive Restricted Junior Certificate: Any
Restricted Junior Certificate that is in the form of a
Definitive Certificate.
Depository: The initial Depository shall be The
Depository Trust Company, the nominee of which is Cede &
Co. The Depository shall at all times be a "clearing
corporation" as defined in Section 8-102(3) of the Uniform
Commercial Code of the State of New York, as amended, or
any successor provisions thereto.
Depository Participant: A broker, dealer, bank or
other financial institution or other Person for which, from
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<PAGE>
time to time, the Depository effects book-entry transfers
and pledges of securities deposited with such Depository.
Designated Loan Closing Documents: With respect to any
Designated Loan, a Lost Note Affidavit substantially in the
form of Exhibit L, and an assignment of the related
Mortgage to the Trustee in recordable form (except for the
omission therein of recording information concerning such
Mortgage).
Designated Loans: The Mortgage Loans identified on
Exhibit N hereto.
Determination Date: With respect to any Distribution
Date, the fifth Business Day prior thereto.
Discount Mortgage Loan: Any Mortgage Loan with a Net
Mortgage Rate less than 7.25% per annum.
Disqualified Organization: Any of the following: (i)
the United States, any State or political subdivision
thereof, or any agency or instrumentality of any of the
foregoing (including but not limited to state pension
organizations); (ii) a foreign government, International
Organization or any agency or instrumentality of either of
the foregoing; (iii) an organization (except certain
farmers' cooperatives described in Code section 521) which
is exempt from tax imposed by Chapter 1 of the Code
(including the tax imposed by section 511 of the Code on
unrelated business taxable income); and (iv) a rural
electric and telephone cooperative described in Code
section 1381(a)(2)(C). The terms "United States," "State"
and "International Organization" shall have the meanings
set forth in Code section 7701 or successor provisions. A
corporation will not be treated as an instrumentality of
the United States or of any State or political subdivision
thereof for these purposes if all of its activities are
subject to tax and a majority of its board of directors is
not selected by such governmental unit.
Distribution Date: The 25th day of each calendar month
after the month of initial issuance of the Certificates,
or, if such 25th day is not a Business Day, the next
succeeding Business Day.
Distribution Date Statement: The statement referred to
in Section 4.05(a).
Document File: As defined in Section 2.01.
Draw Amount: As to any Distribution Date on or prior
to the Cross-Over Date and the Reserve Fund Eligible
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Certificates, the amount of any Adjusted Net Interest
Shortfall allocated to such Reserve Fund Eligible
Certificates on such Distribution Date. As to any
Distribution Date after the Cross-Over Date, zero.
Due Date: The first day of the month of the related
Distribution Date.
Eligible Account: An account that is either (i)
maintained with a depository institution the debt
obligations of which have been rated by each Rating Agency
in one of its two highest long-term rating categories and
has been assigned by S&P its highest short-term rating,
(ii) an account or accounts the deposits in which are fully
insured by either the BIF or the SAIF, (iii) an account or
accounts, in a depository institution in which such
accounts are insured by the BIF or the SAIF (to the limits
established by the FDIC), the uninsured deposits in which
accounts are either invested in Permitted Investments or
are otherwise secured to the extent required by the Rating
Agencies such that, as evidenced by an Opinion of Counsel
delivered to the Trustee, the Certificateholders have a
claim with respect to the funds in such account or a
perfected first security interest against any collateral
(which shall be limited to Permitted Investments) securing
such funds that is superior to claims of any other
depositors or creditors of the depository institution with
which such account is maintained, (iv) a trust account
maintained with the corporate trust department of a federal
or state chartered depository institution or of a trust
company with trust powers and acting in its fiduciary
capacity for the benefit of the Trustee hereunder or (v)
such account as will not cause either Rating Agency to
downgrade or withdraw its then-current rating assigned to
the Certificates, as evidenced in writing by the Rating
Agencies.
ERISA: The Employee Retirement Income Security Act of
1974, as amended.
ERISA-Restricted Certificate: Any Class M, Class B or
Class S Certificate.
Event of Default: An event described in Section 7.01.
Excess Bankruptcy Loss: Any Deficient Valuation or
Debt Service Reduction, or portion thereof, (i) occurring
after the Bankruptcy Coverage Termination Date or (ii) if
on such date, in excess of the then-applicable Bankruptcy
Loss Amount.
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Excess Fraud Loss: Any Fraud Loss, or portion thereof,
(i) occurring after the Fraud Coverage Termination Date or
(ii) if on such date, in excess of the then-applicable
Fraud Loss Amount.
Excess Loss: Any Excess Bankruptcy Loss, Excess Fraud
Loss or Excess Special Hazard Loss.
Excess Special Hazard Loss: Any Special Hazard Loss,
or portion thereof, (i) occurring after the Special Hazard
Termination Date or (ii) if on such date, in excess of the
then-applicable Special Hazard Loss Amount.
FDIC: The Federal Deposit Insurance Corporation, or
its successor in interest.
FHLMC: The Federal Home Loan Mortgage Corporation or
its successor in interest.
Financial Intermediary: A broker, dealer, bank or
other financial institution or other Person that clears
through or maintains a custodial relationship with a
Depository Participant.
Fitch: Fitch Investors Service, L.P. and its
successors.
Fitch Formula Amount: As to each Anniversary
Determination Date, the greater of (i) $50,000 and (ii) the
product of (x) the greatest Assumed Monthly Payment
Reduction for any Non-Primary Residence Loan whose original
principal balance was 80% or greater of the Original Value
thereof, (y) the weighted average remaining term to
maturity (expressed in months) of all the Non-Primary
Residence Loans remaining in the Mortgage Pool as of such
Anniversary Determination Date, and (z) the sum of (A) one
plus (B) the number of all remaining Non-Primary Residence
Loans divided by the total number of Outstanding Mortgage
Loans as of such Anniversary Determination Date.
FNMA: The Federal National Mortgage Association or its
successor in interest.
Fraud Coverage Termination Date: The Distribution Date
upon which the related Fraud Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
Fraud Loss: Any Realized Loss attributable to fraud in
the origination of the related Mortgage Loan.
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Fraud Loss Amount: As of any Distribution Date after
the Cut-off Date, (x) prior to the first anniversary of the
Cut-off Date, an amount equal to $5,011,480 minus the
aggregate amount of Fraud Losses that would have been
allocated to the Junior Certificates in accordance with
Section 4.03 in the absence of the Loss Allocation
Limitation since the Cut-off Date, and (y) from the first
through the fifth anniversary of the Cut-off Date, an
amount equal to (1) the lesser of (a) the Fraud Loss Amount
as of the most recent anniversary of the Cut-off Date and
(b) 1.00% (from the first to the third anniversary of the
Cutoff Date) or 0.50% (from, but excluding, the third
through, and including, the fifth anniversary of the
Cut-off Date) of the aggregate outstanding principal
balance of all of the Mortgage Loans as of the most recent
anniversary of the Cutoff Date minus (2) the Fraud Losses
that would have been allocated to the Junior Certificates
in accordance with Section 4.03 in the absence of the Loss
Allocation Limitation since the most recent anniversary of
the Cut-off Date. After the fifth anniversary of the
Cut-off Date the Fraud Loss Amount shall be zero.
Initial Certificate Principal Balance: With respect to
any Certificate, other than a Notional Certificate, the
Certificate Principal Balance of such Certificate or any
predecessor Certificate on the Closing Date.
Initial LIBOR Rate: 5.65% per annum.
Insurance Proceeds: Proceeds paid pursuant to the
Primary Insurance Policies, if any, and amounts paid by any
insurer pursuant to any other insurance policy covering a
Mortgage Loan.
Insured Expenses: Expenses covered by the Primary
Insurance Policies, if any, or any other insurance policy or
policies applicable to the Mortgage Loans.
Interest Accrual Period: With respect to any
Distribution Date and any Class of Certificates (other than
any Class of Principal Only Certificates) or any Specified
Component, the one-month period ending on the last day of
the month preceding the month in which such Distribution
Date occurs. The Interest Accrual Period for each Class of
Lower Tier Interests shall be the Interest Accrual Period
for such Class of Lower Tier Interest's Corresponding Class
(or Classes).
Interest Losses: The interest portion of (i) on or
prior to the Cross-Over Date, any Excess Losses and (ii)
after the Cross-Over Date, any Realized Losses and Debt
Service Reductions.
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Interest Shortfall: With respect to any Distribution
Date and each Mortgage Loan that during the related
Prepayment Period was the subject of a Voluntary Principal
Prepayment or constitutes a Relief Act Mortgage Loan, an
amount determined as follows:
(a) partial principal prepayments: one month's
interest at the applicable Net Mortgage Rate on the
amount of such prepayment;
(b) principal prepayments in full (including the
Purchase Price of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c)) received on or after the
sixteenth day of the month preceding the month of such
Distribution Date (or, in the case of the first
Distribution Date, on or after the Cut-off Date) but
on or before the last day of the month preceding the
month of such Distribution Date: the difference
between (i) one month's interest at the applicable Net
Mortgage Rate on the Scheduled Principal Balance of
such Mortgage Loan immediately prior to such
prepayment and (ii) the amount of interest for the
calendar month of such prepayment (adjusted to the
applicable Net Mortgage Rate) received at the time of
such prepayment;
(c) principal prepayments in full (including the
Purchase Price of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c)) received by the Company
(or of which the Company receives notice, in the case
of a Mortgage Loan serviced by a Primary Servicer) on
or after the first day but on or before the fifteenth
day of the month of such Distribution Date: none; and
(d) Relief Act Mortgage Loans: As to any Relief
Act Mortgage Loan, the excess of (i) 30 days' interest
(or, in the case of a Principal Prepayment in full,
interest to the date of prepayment) on the Scheduled
Principal Balance thereof (or, in the case of a
Principal Prepayment in part, on the amount so
prepaid) at the related Net Mortgage Rate over (ii) 30
days' interest (or, in the case of a Principal
Prepayment in full, interest to the date of
prepayment) on such Scheduled Principal Balance (or,
in the case of a Principal Prepayment in part, on the
amount so prepaid) at the Net Mortgage Rate required
to be paid by the Mortgagor as limited by application
of the Relief Act.
Junior Certificate: Any Class M or Class B
Certificate.
Junior Optimal Principal Amount: As to any
Distribution Date, an amount equal to the sum of the
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following (but in no event greater than the aggregate
Certificate Principal Balance of the Junior Certificates
immediately prior to such Distribution Date):
(i) the Junior Percentage of the applicable Non-PO
Percentage of the principal portion of each
Monthly Payment due on the related Due Date on
each Outstanding Mortgage Loan as of such Due Date
as specified in the amortization schedule at the
time applicable thereto (after adjustment for
previous Principal Prepayments and Debt Service
Reductions subsequent to the Bankruptcy Coverage
Termination Date but before any adjustment to such
amortization schedule by reason of any bankruptcy
(other than as aforesaid) or similar proceeding or
any moratorium or similar waiver or grace period);
(ii) the Junior Prepayment Percentage of the applicable
Non-PO Percentage of all principal prepayments in part
received during the related Prepayment Period, and
100% of any Senior Optimal Principal Amount not
distributed to the Senior Certificates on such
Distribution Date, together with the Junior Prepayment
Percentage of the applicable Non-PO Percentage of the
Scheduled Principal Balance of each Mortgage Loan
which was the subject of a Voluntary Principal
Prepayment in full during the related Prepayment
Period;
(iii) the excess, if any, of (x) the applicable Non-PO
Percentage of the sum of (A) all Net Liquidation
Proceeds allocable to principal received during the
related Prepayment Period (other than in respect of
Mortgage Loans described in clause (B)) and (B) the
principal balance of each Mortgage Loan that was
purchased by an insurer from the Trustee during the
related Prepayment Period pursuant to the related
Primary Insurance Policy, over (y) the amount
distributable pursuant to clause (iii) of the
definition of Senior Optimal Principal Amount on such
Distribution Date;
(iv) the Junior Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled Principal Balance
of each Mortgage Loan which was purchased on such
Distribution Date pursuant to Section 2.02, 2.03(a) or
3.16; and
(v) the Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution
Amount for any Mortgage Loan substituted during
the month of such Distribution Date.
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For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Junior Percentage: As to any Distribution Date, the
excess of 100% over the Senior Percentage for such
Distribution Date.
Junior Prepayment Percentage: As to any Distribution
Date, the excess of 100% over the Senior Prepayment
Percentage for such Distribution Date, except that (i)
after the Senior Certificate Principal Balance has been
reduced to zero, the Junior Prepayment Percentage shall be
100%, and (ii) after the Cross-Over Date, the Junior
Prepayment Percentage shall be zero.
Latest Possible Maturity Date: September 25, 2029.
LIBOR: The per annum rate determined, pursuant to
Section 5.08, on the basis of London interbank offered rate
quotations for one-month Eurodollar deposits, as such
quotations may appear on the display designated as page
"LIBO" on the Reuters Monitor Money Rates Service (or such
other page as may replace the LIBO page on the Reuters
Monitor Money Rates Service for the purpose of displaying
London interbank offered quotations of major banks).
LIBOR Certificate: Any Class A14 or Class A15
Certificates.
LIBOR Determination Date: The second London Business
Day immediately preceding the commencement of each Interest
Accrual Period for any LIBOR Certificates.
Liquidated Mortgage Loan: Any defaulted Mortgage Loan
as to which the Company has determined that all amounts
which it expects to recover on behalf of the Trust Fund
from or on account of such Mortgage Loan have been
recovered, including any Mortgage Loan with respect to
which the Company determines not to foreclose upon the
related Mortgaged Property based on its belief that such
Mortgaged Property may be contaminated with or affected by
hazardous or toxic wastes, materials or substances.
Living Holder: Any Certificate Owner of a Class A17
Certificate other than a Deceased Holder.
Liquidation Expenses: Expenses which are incurred by
the Company in connection with the liquidation of any
defaulted Mortgage Loan and not recovered by the Company
under any Primary Insurance Policy for reasons other than
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the Company's failure to comply with Section 3.05, such
expenses including, without limitation, legal fees and
expenses, and, regardless of when incurred, any
unreimbursed amount expended by the Company pursuant to
Section 3.03 or Section 3.06 respecting the related
Mortgage Loan and any related and unreimbursed Property
Protection Expenses.
Liquidation Proceeds: Cash (other than Insurance
Proceeds) received in connection with the liquidation of
any defaulted Mortgage Loan whether through judicial
foreclosure or otherwise.
Loan-to-Value Ratio: With respect to each Mortgage
Loan, the original principal amount of such Mortgage Loan,
divided by the Original Value of the related Mortgaged
Property.
London Business Day: Any day on which banks are open
for dealing in foreign currency and exchange in London,
England and New York City.
Loss Allocation Limitation: As defined in Section
4.03(g).
Lower Tier Balance: As to each Class of Lower Tier
Interests and any Distribution Date, the initial Lower Tier
Balance thereof set forth or specified in Section 2.05(a)
(plus, in the case of any Class of Lower Tier Interests as
to which the Corresponding Class is a Class of Accrual
Certificates or includes one or more Accrual Components, an
amount equal to the Accrual Amount for such Corresponding
Class or each such Accrual Component for each previous
Distribution Date) less the sum of (i) the aggregate amount
of principal allocable thereto on previous Distribution
Dates pursuant to Section 2.05(c) and (ii) any Realized
Losses or Subordinate Certificate Writedown Amount
allocated thereto on previous Distribution Dates.
Lower Tier Interest: Any one of the Classes of regular
interests in the Lower Tier REMIC described as such in
Section 2.05(a).
Lower Tier Interest Rate: As to each Lower Tier
Interest, the applicable "Lower Tier Interest Rate," if any,
set forth in Section 2.05(a) hereof.
Lower Tier REMIC: One of the two separate REMICs
comprising the Trust Fund, the assets of which consist of
the Rounding Account and the assets and rights specified in
clauses (i) through (ix) and clause (xi) of the definition
of the term Trust Fund.
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MLCC: Merrill Lynch Credit Corporation, or its
successor in interest.
Modified Mortgage Loan: Any Mortgage Loan which the
Company has modified pursuant to Section 3.01(c).
Monthly Advance: With respect to any Distribution
Date, the aggregate of the advances required to be made by
the Company pursuant to Section 4.04(a) (or by the Trustee
pursuant to Section 4.04(b)) on such Distribution Date, the
amount of any such Monthly Advance being equal to (a) the
aggregate of payments of principal and interest (adjusted
to the related Net Mortgage Rate) on the Mortgage Loans
that were due on the related Due Date, without regard to
any arrangements entered into by the Company with the
related Mortgagors pursuant to Section 3.02(a)(ii), and
delinquent as of the close of business on the Business Day
next preceding the related Determination Date, less (b) the
amount of any such payments which the Company or the
Trustee, as applicable, in its reasonable judgment believes
will not be ultimately recoverable by it either out of late
payments by the Mortgagor, Net Liquidation Proceeds,
Insurance Proceeds, REO Proceeds or otherwise. With respect
to any Mortgage Loan, the portion of any such advance or
advances made with respect thereto.
Monthly Payment: The scheduled monthly payment on a
Mortgage Loan for any month allocable to principal or
interest on such Mortgage Loan.
Moody's: Moody's Investors Service, Inc. and its
successors.
Mortgage: The mortgage or deed of trust creating a
first lien on a fee simple interest in real property
securing a Mortgage Note.
Mortgage 100SM Loan: A Mortgage Loan identified on
Exhibit O hereof that has a Loan-to-Value Ratio at
origination in excess of 80.00% and that is secured by
Additional Collateral and does not have a Primary Insurance
Policy.
Mortgage File: The mortgage documents listed in
Section 2.01 pertaining to a particular Mortgage Loan and
any additional documents required to be added to such
documents pursuant to this Agreement.
Mortgage Loan Payment Record: The record maintained by
the Company pursuant to Section 3.02(b).
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Mortgage Loan Schedule: As of any date of
determination, the schedule of Mortgage Loans included in
the Trust Fund. The initial schedule of Mortgage Loans as
of the Cut-off Date is attached hereto as Exhibit C.
Mortgage Loans: As of any date of determination, each
of the mortgage loans identified on the Mortgage Loan
Schedule (as amended pursuant to Section 2.03(b)) delivered
and assigned to the Trustee pursuant to Section 2.01 or
2.03(b), and not theretofore released from the Trust Fund
by the Trustee.
Mortgage Note: With respect to any Mortgage Loan, the
note or other evidence of indebtedness (which may consist
of a Confirmatory Mortgage Note) evidencing the
indebtedness of a Mortgagor under such Mortgage Loan.
Mortgage Pool: The aggregate of the Mortgage Loans
identified in the Mortgage Loan Schedule.
Mortgage Rate: The per annum rate of interest borne by
a Mortgage Loan as set forth in the related Mortgage Note.
Mortgaged Property: The property securing the Mortgage
Note.
Mortgagor: With respect to any Mortgage Loan, each
obligor on the related Mortgage Note.
Net Interest Shortfall: With respect to any
Distribution Date, the excess, if any, of the aggregate
Interest Shortfalls for such Distribution Date over any
Compensating Interest Payment for such date.
Net Liquidation Proceeds: As to any Liquidated
Mortgage Loan, the sum of (i) any Liquidation Proceeds
therefor less the related Liquidation Expenses, and (ii)
any Insurance Proceeds therefor, other than any such
Insurance Proceeds applied to the restoration of the
related Mortgaged Property.
Net Mortgage Rate: With respect to any Mortgage Loan,
the related Mortgage Rate less the applicable Servicing Fee
Rate.
Non-Book-Entry Certificate: Any Certificate other than
a Book-Entry Certificate.
Non-Credit Loss: Any Fraud Loss, Special Hazard Loss
or Deficient Valuation.
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Non-Discount Mortgage Loan: Any Mortgage Loan with a
Net Mortgage Rate greater than or equal to 7.25% per annum.
Non-permitted Foreign Holder: As defined in Section
5.02(b).
Non-PO Percentage: As to any Discount Mortgage Loan, a
fraction (expressed as a percentage), the numerator of
which is the Net Mortgage Rate of such Discount Mortgage
Loan and the denominator of which is 7.25%. As to any
Non-Discount Mortgage Loan, 100%.
Non-Primary Residence Loan: Any Mortgage Loan secured
by a Mortgaged Property that is (on the basis of
representations made by the Mortgagors at origination) a
second home or investor-owned property.
Nonrecoverable Advance: All or any portion of any
Monthly Advance or Monthly Advances previously made by the
Company (or the Trustee) which, in the reasonable judgment
of the Company (or, as applicable, the Trustee) will not be
ultimately recoverable from related Net Liquidation
Proceeds, Insurance Proceeds, REO Proceeds or otherwise.
The determination by the Company that it has made a
Nonrecoverable Advance or that any advance, if made, would
constitute a Nonrecoverable Advance, shall be evidenced by
an Officer's Certificate of the Company delivered to the
Trustee and detailing the reasons for such determination.
Non-U.S. Person: As defined in Section 4.02(c).
Notional Certificate: Any Class A12, Class A18, Class
A19 or Class S Certificates.
Notional Component: None.
Notional Component Balance: None.
Notional Principal Balance: As to any Distribution
Date and the Class A12 Certificates, 6.896551% of the sum
of the Class Certificate Principal Balances of the Class
A3, Class A4 and Class A5 Certificates for such
Distribution Date. As to any Distribution Date and each of
the Class A18 and Class A19 Certificates, the Class
Certificate Principal Balance of the Class A17 Certificates
for such Distribution Date. As to any Distribution Date and
the Class S Certificates, the aggregate Scheduled Principal
Balance of the Outstanding Non-Discount Mortgage Loans as
of the Due Date in the month preceding such Distribution
Date. As to any Distribution Date and any Notional
Certificate, such Notional Certificate's Percentage
Interest of the aggregate
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Notional Principal Balance of the Notional Certificates of
the same Class for such Distribution Date.
Officer's Certificate: A certificate signed by the
President, a Senior Vice President or a Vice President of
the Company and delivered to the Trustee.
Opinion of Counsel: A written opinion of counsel, who
may be counsel for the Company; provided, however, that any
Opinion of Counsel with respect to the interpretation or
application of the REMIC Provisions or the status of an
account as an Eligible Account shall be the opinion of
independent counsel satisfactory to the Trustee.
Original Subordinate Principal Balance: As set forth
in the definition of Senior Prepayment Percentage.
Original Value: The value of the property underlying a
Mortgage Loan based, in the case of the purchase of the
underlying Mortgaged Property, on the lower of an appraisal
satisfactory to the Company or the sales price of such
property or, in the case of a refinancing, on an appraisal
satisfactory to the Company.
Outstanding Mortgage Loan: With respect to any Due
Date, a Mortgage Loan which, prior to such Due Date, was
not the subject of a Principal Prepayment in full, did not
become a Liquidated Mortgage Loan and was not purchased
pursuant to Section 2.02, 2.03(a), 3.01(c) or 3.16 or
replaced pursuant to Section 2.03(b).
Outstanding Non-Discount Mortgage Loan: Any
Outstanding Mortgage Loan that is a Non-Discount Mortgage
Loan.
PAC Certificate: None.
PAC Component: None.
Parent PowerSM Loan: A Mortgage Loan identified on
Exhibit O hereto that has a Loan-to-Value Ratio at
origination in excess of 80.00%, that is supported by
Additional Collateral and does not have a Primary Insurance
Policy.
Pay-out Rate: With respect to any Class of
Certificates (other than any Class of Principal Only
Certificates) and any Distribution Date, the rate at which
interest is distributed on such Class on such Distribution
Date and which is equal to a fraction (expressed as an
annualized percentage) the numerator of which is the
Accrued Certificate Interest for such Class and
Distribution Date
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(plus, in the case of the Reserve Fund Eligible
Certificates, any Draw Amount for such Distribution Date,
and in the case of any Class of Senior Certificates, any
amount distributed thereto pursuant to the second paragraph
of Section 4.01(g) on such Distribution Date), and the
denominator of which is the Class Certificate Principal
Balance (or, in the case of the Notional Certificates, the
Notional Principal Balance) of such Class immediately prior
to such Distribution Date.
Percentage Interest: With respect to any Certificate,
the percentage interest in the undivided beneficial
ownership interest in the Trust Fund evidenced by
Certificates of the same Class as such Certificate. With
respect to any Certificate, the Percentage Interest
evidenced thereby shall equal the Initial Certificate
Principal Balance (or, in the case of a Notional
Certificate, the initial Notional Principal Balance)
thereof divided by the aggregate Initial Certificate
Principal Balance (or, in the case of a Notional
Certificate, the aggregate initial Notional Principal
Balance) of all Certificates of the same Class.
Permitted Investments: One or more of the following;
provided, however, that no such Permitted Investment may
mature later than the Business Day preceding the
Distribution Date after such investment except as otherwise
provided in Section 3.02(e) hereof, provided, further, that
such investments qualify as "cash flow investments" as
defined in section 860G(a)(6) of the Code:
(i) obligations of, or guaranteed as to timely
receipt of principal and interest by, the United
States or any agency or instrumentality thereof when
such obligations are backed by the full faith and
credit of the United States;
(ii) repurchase agreements on obligations
specified in clause (i) provided that the unsecured
obligations of the party agreeing to repurchase such
obligations are at the time rated by each Rating
Agency in the highest long-term rating category;
(iii) federal funds, certificates of deposit, time
deposits and banker's acceptances, of any U.S.
depository institution or trust company incorporated
under the laws of the United States or any state
provided that the debt obligations of such depository
institution or trust company at the date of
acquisition thereof have been rated by each Rating
Agency in the highest long-term rating category;
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<PAGE>
(iv) commercial paper of any corporation
incorporated under the laws of the United States or
any state thereof which on the date of acquisition has
the highest short term rating of each Rating Agency;
and
(v) other obligations or securities that are
acceptable to each Rating Agency as a Permitted
Investment hereunder and will not, as evidenced in
writing, result in a reduction or withdrawal in the
then current rating of the Certificates.
Notwithstanding the foregoing, Permitted Investments shall
not include "stripped securities" and investments which
contractually may return less than the purchase price
therefor.
Person: Any legal person, including any individual,
corporation, partnership, joint venture, association,
limited liability company, joint-stock company, trust,
unincorporated organization or government or any agency or
political subdivision thereof.
Plan: Any Person which is an employee benefit plan
subject to ERISA or a plan subject to section 4975 of the
Code.
Pledged Asset Loan-to-Value Ratio: With respect to any
Pledged Asset Mortgage Loan, (i) the original loan amount
less the portion of any required Additional Collateral
which is covered by the Surety Bond, divided by (ii) the
Original Value of the related Mortgaged Property.
Pledged Asset Mortgage Loan: Each Mortgage 100SM Loan
and Parent PowerSM Loan purchased from MLCC that is
supported by Additional Collateral and identified on
Exhibit O hereto.
Pledged Asset Mortgage Servicing Agreement: The
Pledged Asset Mortgage Servicing Agreement, dated as of
July 31, 1997 between MLCC and the Company.
PO Percentage: As to any Discount Mortgage Loan, a
fraction (expressed as a percentage), the numerator of
which is the excess of 7.25% over the Net Mortgage Rate of
such Discount Mortgage Loan and the denominator of which is
7.25%. As to any Non-Discount Mortgage Loan, 0%.
PO Principal Distribution Amount: As to any
Distribution Date, an amount equal to the sum of the
applicable PO Percentage of:
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(i) the principal portion of each Monthly Payment due
on the related Due Date on each Outstanding
Mortgage Loan as of such Due Date as specified in
the amortization schedule at the time applicable
thereto (after adjustments for previous Principal
Prepayments and Debt Service Reductions subsequent
to the Bankruptcy Coverage Termination Date but
before any adjustment to such amortization
schedule by reason of any bankruptcy (except as
aforesaid) or similar proceeding or any moratorium
or similar waiver or grace period);
(ii) all principal prepayments in part received during the
related Prepayment Period, together with the Scheduled
Principal Balance (as reduced by any Deficient
Valuation occurring on or prior to the Bankruptcy
Coverage Termination Date) of each Mortgage Loan which
was the subject of a Voluntary Principal Prepayment in
full during the related Prepayment Period;
(iii) the sum of (A) all Net Liquidation Proceeds allocable
to principal received in respect of each Mortgage Loan
that became a Liquidated Mortgage Loan during the
related Prepayment Period (other than Mortgage Loans
described in clause (B)) and (B) the principal balance
of each Mortgage Loan purchased by an insurer from the
Trustee pursuant to the related Primary Insurance
Policy, in each case during the related Prepayment
Period;
(iv) the Scheduled Principal Balance (as reduced by any
Deficient Valuation occurring on or prior to the
Bankruptcy Coverage Termination Date) of each Mortgage
Loan which was purchased on such Distribution Date
pursuant to Section 2.02, 2.03(a) or 3.16; and
(v) the Substitution Amount for any Mortgage Loan
substituted during the month of such Distribution
Date; for purposes of this clause (v), the
definition of "Substitution Amount" shall be
modified to reduce the Scheduled Principal Balance
of the Mortgage Loan that is substituted for by
any Deficient Valuation occurring on or prior to
the Bankruptcy Coverage Termination Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
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Pool Scheduled Principal Balance: With respect to any
Distribution Date, the aggregate Scheduled Principal
Balance of all the Mortgage Loans that were Outstanding
Mortgage Loans on the Due Date in the month next preceding
the month of such Distribution Date (or, in the case of the
first Distribution Date, the Cut-off Date; or, if so
specified, such other date).
Prepayment Assumption: The assumed fixed schedule of
prepayments on a pool of new mortgage loans with such
schedule given as a monthly sequence of prepayment rates,
expressed as annualized percent values. These values start
at 0.2% per year in the first month, increase by 0.2% per
year in each succeeding month until month 30, ending at
6.0% per year. At such time, the rate remains constant at
6.0% per year for the balance of the remaining term.
Multiples of the Prepayment Assumption are calculated from
this prepayment rate series.
Prepayment Assumption Multiple: 225% of the Prepayment
Assumption.
Prepayment Distribution Trigger: As of any
Distribution Date and as to each Class of Class B
Certificates, the related Prepayment Distribution Trigger
is satisfied if (x) the fraction, expressed as a
percentage, the numerator of which is the aggregate Class
Certificate Principal Balance of such Class and each Class
subordinate thereto, if any, on such Distribution Date, and
the denominator of which is the Pool Scheduled Principal
Balance for such Distribution Date, equals or exceeds (y)
such percentage calculated as of the Closing Date.
Prepayment Interest Excess: As to any Voluntary
Principal Prepayment in full received from the first day
through the fifteenth day of any calendar month (other than
the calendar month in which the Cut-off Date occurs), all
amounts paid in respect of interest on such Principal
Prepayment. For purposes of determining the amount of
Prepayment Interest Excess for any month, a Voluntary
Principal Prepayment in full with respect to a Mortgage
Loan serviced by a Primary Servicer shall be deemed to have
been received when the Company, as servicer, receives
notice thereof. All Prepayment Interest Excess shall be
retained by the Company, as servicer, as additional
servicing compensation.
Prepayment Period: With respect to any Distribution
Date and any Voluntary Principal Prepayment in part or
other Principal Prepayment other than a Voluntary Principal
Prepayment in full, the calendar month preceding the month
of such Distribution Date; with respect to any Distribution
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Date and any Voluntary Principal Prepayment in full, the
period beginning on the sixteenth day of the calendar month
preceding the month of such Distribution Date (or, in the
case of the first Distribution Date, beginning on the
Cutoff Date) and ending on the fifteenth day of the month
in which such Distribution Date occurs.
Primary Insurance Policy: The certificate of private
mortgage insurance relating to a particular Mortgage Loan,
or an electronic screen print setting forth the information
contained in such certificate of private mortgage
insurance, including, without limitation, information
relating to the name of the mortgage insurance carrier, the
certificate number, the loan amount, the property address,
the effective date of coverage, the amount of coverage and
the expiration date of the policy. Each such policy covers
defaults by the Mortgagor, which coverage shall equal the
portion of the unpaid principal balance of the related
Mortgage Loan that exceeds 75% (or such lesser coverage
required or permitted by FNMA or FHLMC) of the Original
Value of the underlying Mortgaged Property.
Primary Servicer: Any servicer with which the Company
has entered into a servicing agreement, as described in
Section 3.01(f).
Principal Balance Schedules: Any principal balance
schedules attached hereto, if applicable, as Exhibit B,
setting forth the Aggregate Type I PAC Balances of the Type
I PAC Certificates, the Aggregate Type II PAC Balances of
the Type II PAC Certificates, and the Aggregate Scheduled
Senior Balances of the Scheduled Group Senior Certificates.
Principal Distribution Request: Any request for a
distribution in reduction of the Class Certificate
Principal Balance of any Class A17 Certificate, submitted
in writing to a Depository Participant or Financial
Intermediary (or, if the Class A17 Certificates are no
longer represented by a Book-Entry Certificate, to the
Trustee) by the Certificate Owner (or Certificateholder) of
a Class A17 Certificate.
Principal Only Certificate: Any Class PO Certificate.
Principal Only Component: None.
Principal Prepayment: Any payment or other recovery of
principal on a Mortgage Loan (including, for this purpose,
any refinancing permitted by Section 3.01, any Purchase
Price of a Modified Mortgage Loan purchased pursuant to
Section 3.01(c) and any REO Proceeds treated as such
pursuant to Section 3.08(b)) which is received in advance
of its scheduled Due Date and is not accompanied by an
amount
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<PAGE>
of interest representing scheduled interest for any month
subsequent to the month of prepayment.
Private Placement Memorandum: The private placement
memorandum relating to the Restricted Junior Certificates,
dated September 19, 1997.
Prohibited Transaction Exemption: U.S. Department of
Labor Prohibited Transaction Exemption 90-59, 55 Fed. Reg.
36724, September 6, 1990.
Property Protection Expenses: With respect to any
Mortgage Loan, expenses paid or incurred by or for the
account of the Company in accordance with the related
Mortgage for (a) real estate property taxes and property
repair, replacement, protection and preservation expenses
and (b) similar expenses reasonably paid or incurred to
preserve or protect the value of such Mortgage to the
extent the Company is not reimbursed therefor pursuant to
the Primary Insurance Policy, if any, or any other
insurance policy with respect thereto.
Purchase Price: With respect to any Mortgage Loan
required or permitted to be purchased hereunder from the
Trust Fund, an amount equal to 100% of the unpaid principal
balance thereof plus interest thereon at the applicable
Mortgage Rate from the date to which interest was last paid
to the first day of the month in which such purchase price
is to be distributed; provided, however, that if the
Company is the servicer hereunder, such purchase price
shall be net of unreimbursed Monthly Advances with respect
to such Mortgage Loan, and the interest component of the
Purchase Price may be computed on the basis of the Net
Mortgage Rate for such Mortgage Loan; and provided,
further, that if such Mortgage Loan is a Modified Mortgage
Loan, the interest component of the Purchase Price shall be
computed (i) on the basis of the applicable Mortgage Rate
before giving effect to the related modification and (ii)
from the date to which interest was last paid to the date
on which such Modified Mortgage Loan is assigned to the
Company pursuant to Section 3.01(c).
QIB: A "qualified institutional buyer" as defined in
Rule 144A under the Securities Act of 1933, as amended.
Random Lot: With respect to any Distribution Date
prior to the Cross-Over Date, if the amount available for
distribution in reduction of the Class Certificate
Principal Balance of the Class A17 Certificates on such
Distribution Date exceeds the amount needed to honor all
Principal Distribution Requests on such date, the method by
which the Depository will determine which Depository
Participants
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<PAGE>
holding interests in the Class A17 Certificates will
receive payments of amounts distributable in respect of
principal on such Class on such Distribution Date, using
its established random lot procedures or, if the Class A17
Certificates are no longer represented by a Book-Entry
Certificate, the method by which the Trustee will determine
which Class A17 Certificates will receive payments of
amounts distributable in respect of principal on such Class
on such Distribution Date, using its own random lot
procedures comparable to those used by the Depository.
Rating Agency: Any statistical credit rating agency,
or its successor, that rated any of the Certificates at the
request of the Company at the time of the initial issuance
of the Certificates. If such agency or a successor is no
longer in existence, "Rating Agency" shall be such
statistical credit rating agency, or other comparable
Person, designated by the Company, notice of which
designation shall be given to the Trustee. References
herein to the two highest long-term rating categories of a
Rating Agency shall mean such ratings without any
modifiers. As of the date of the initial issuance of the
Certificates, the Rating Agencies are Fitch and S&P; except
that for purposes of the Junior Certificates, other than
the Class B5 Certificates, Fitch shall be the sole Rating
Agency. The Class B5 Certificates are issued without
ratings.
Realized Loss: Any (i) Deficient Valuation or (ii) as
to any Liquidated Mortgage Loan, (x) the unpaid principal
balance of such Liquidated Mortgage Loan plus accrued and
unpaid interest thereon at the Net Mortgage Rate through
the last day of the month of such liquidation less (y) the
related Liquidation Proceeds and Insurance Proceeds (as
reduced by the related Liquidation Expenses).
Record Date: The last Business Day of the month
immediately preceding the month of the related Distribution
Date.
Reference Banks: As defined in Section 5.08.
Relief Act: The Soldiers' and Sailors' Civil Relief
Act of 1940, as amended.
Relief Act Mortgage Loan: Any Mortgage Loan as to
which the Monthly Payment thereof has been reduced due to
the application of the Relief Act.
REMIC: A "real estate mortgage investment conduit"
within the meaning of section 860D of the Code.
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REMIC Provisions: Provisions of the federal income tax
law relating to real estate mortgage investment conduits,
which appear at sections 860A through 860G of Part IV of
Subchapter M of Chapter 1 of the Code, and related
provisions, and U.S. Office of the Treasury temporary or
final regulations promulgated thereunder, as the foregoing
may be in effect from time to time, as well as provisions
of applicable state laws.
REO Mortgage Loan: Any Mortgage Loan which is not a
Liquidated Mortgage Loan and as to which the related
Mortgaged Property is held as part of the Trust Fund.
REO Proceeds: Proceeds, net of any related expenses of
the Company, received in respect of any REO Mortgage Loan
(including, without limitation, proceeds from the rental of
the related Mortgaged Property).
Required Surety Payment: With respect to any Pledged
Asset Mortgage Loan that becomes a Liquidated Mortgage
Loan, the lesser of (i) the principal portion of the
Realized Loss with respect to such Mortgage Loan and (ii)
the excess, if any, of (a) the amount of Additional
Collateral required at origination with respect to such
Mortgage Loan which is covered by the Surety Bond over (b)
the net proceeds realized by MLCC from the liquidation of
the related Additional Collateral.
Reserve Fund: The reserve fund established pursuant to
Section 3.17.
Reserve Fund Deposit: Cash in the amount of $8,000.
Reserve Fund Eligible Certificates: The Class A17
Certificates.
Reserve Interest Rate: As defined in Section 5.08.
Residual Certificate: Any Class R or Class RL
Certificate.
Responsible Officer: When used with respect to the
Trustee, any officer or assistant officer assigned to and
working in the Corporate Trust Department of the Trustee
and, also, with respect to a particular matter, any other
officer to whom such matter is referred because of such
officer's knowledge of and familiarity with the particular
subject.
Restricted Certificate: Any Restricted Junior
Certificate, Class PO Certificate or Class S Certificate.
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Restricted Junior Certificate: Any Class B3, Class B4
or Class B5 Certificate.
Rounding Account: With respect to the Class A17
Certificates, the segregated, non-interest bearing Eligible
Account created and maintained therefor pursuant to Section
4.10.
Rounding Amount: With respect to each Distribution
Date prior to the Cross-Over Date on which the Class A17
Certificates are entitled to a distribution in reduction of
the Class Certificate Principal Balance thereof, the
amount, if any, necessary to round the aggregate of such
distribution (after giving effect to any deposit into the
Rounding Account on such Distribution Date) upward to the
next higher integral multiple of $1,000.
S&P: Standard & Poor's Rating Services, a division of
The McGraw-Hill Companies, Inc., and its successors.
S&P Formula Amount: As to each Anniversary
Determination Date, the greater of (i) $100,000 and (ii)
the product of (x) 0.06% and (y) the Scheduled Principal
Balance of each Mortgage Loan remaining in the Mortgage
Pool whose original principal balance was 75% or greater of
the Original Value thereof.
SAIF: The Savings Association Insurance Fund of the
FDIC, or its successor in interest.
Scheduled Group Senior Certificates: The Class A2,
Class A3, Class A4, Class A5, Class A6, Class A7, Class A10,
Class A11 and Class A13 Certificates.
Scheduled Component: None.
Scheduled Principal Balance: As to any Mortgage Loan
and Distribution Date, the principal balance of such
Mortgage Loan as of the Due Date in the month next preceding
the month of such Distribution Date (or, if so specified,
such other date) as specified in the amortization schedule
at the time relating to such Mortgage Loan (before any
adjustment to such amortization schedule by reason of any
bankruptcy or similar proceeding or any moratorium or
similar waiver or grace period) after giving effect to any
previous Principal Prepayments, Deficient Valuations
incurred subsequent to the Bankruptcy Coverage Termination
Date, adjustments due to the application of the Relief Act
and the payment of principal due on such Due Date,
irrespective of any delinquency in payment by the related
Mortgagor. As to any Mortgage Loan and the Cut-off Date,
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the "unpaid balance" thereof specified in the initial
Mortgage Loan Schedule.
Senior Certificate: Any Certificate other than a
Junior Certificate or a Class S Certificate.
Senior Certificate Principal Balance: As of any
Distribution Date, an amount equal to the sum of the
Certificate Principal Balances of the Senior Certificates
(other than any Class PO Certificates).
Senior Optimal Principal Amount: As to any
Distribution Date, an amount equal to the sum of:
(i) the Senior Percentage of the applicable Non-PO
Percentage of the principal portion of each
Monthly Payment due on the related Due Date on
each Outstanding Mortgage Loan as of such Due Date
as specified in the amortization schedule at the
time applicable thereto (after adjustments for
previous Principal Prepayments and the principal
portion of Debt Service Reductions subsequent to
the Bankruptcy Coverage Termination Date but
before any adjustment to such amortization
schedule by reason of any bankruptcy (except as
aforesaid) or similar proceeding or any moratorium
or similar waiver or grace period);
(ii) the Senior Prepayment Percentage of the applicable
Non-PO Percentage of all Principal Prepayments in part
received during the related Prepayment Period,
together with the Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled
Principal Balance of each Mortgage Loan that was the
subject of a Voluntary Principal Prepayment in full
during the related Prepayment Period;
(iii) the lesser of (x) the Senior Percentage of the
applicable Non-PO Percentage of the sum of (A) the
Scheduled Principal Balance of each Mortgage Loan that
became a Liquidated Mortgage Loan (other than Mortgage
Loans described in clause (B)) during the related
Prepayment Period and (B) the Scheduled Principal
Balance of each Mortgage Loan that was purchased by an
insurer from the Trustee during the related Prepayment
Period pursuant to the related Primary Insurance
Policy, as reduced in each case by the Senior
Percentage of the applicable Non-PO Percentage of the
principal portion of any Excess Losses (other than
Excess Bankruptcy Losses attributable to Debt Service
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Reductions), and (y) the Senior Prepayment Percentage
of the applicable Non-PO Percentage of the sum of (A)
all Net Liquidation Proceeds allocable to principal
received in respect of each such Liquidated Mortgage
Loan (other than Mortgage Loans described in clause
(B)) and (B) the principal balance of each such
Mortgage Loan purchased by an insurer from the Trustee
pursuant to the related Primary Insurance Policy, in
each case during the related Prepayment Period;
(iv) the Senior Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled Principal Balance
of each Mortgage Loan that was purchased on such
Distribution Date pursuant to Section 2.02, 2.03(a) or
3.16; and
(v) the Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution
Amount for any Mortgage Loan substituted during
the month of such Distribution Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Senior Percentage: As to any Distribution Date, the
lesser of (i) 100% and (ii) the percentage (carried to six
places rounded up) obtained by dividing the Senior
Certificate Principal Balance immediately prior to such
Distribution Date by an amount equal to the sum of the
Certificate Principal Balances of all the Certificates
other than any Class PO Certificates immediately prior to
such Distribution Date.
Senior Prepayment Percentage: For any Distribution
Date occurring prior to the fifth anniversary of the first
Distribution Date, 100%. For any Distribution Date
occurring on or after the fifth anniversary of the first
Distribution Date, an amount as follows:
(i) for any Distribution Date subsequent to September
2002 to and including the Distribution Date in
September 2003, the Senior Percentage for such
Distribution Date plus 70% of the Junior
Percentage for such Distribution Date;
(ii) for any Distribution Date subsequent to September 2003
to and including the Distribution Date in September
2004, the Senior Percentage for such
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Distribution Date plus 60% of the Junior
Percentage for such Distribution Date;
(iii) for any Distribution Date subsequent to September 2004
to and including the Distribution Date in September
2005, the Senior Percentage for such Distribution Date
plus 40% of the Junior Percentage for such
Distribution Date;
(iv) for any Distribution Date subsequent to September 2005
to and including the Distribution Date in September
2006, the Senior Percentage for such Distribution Date
plus 20% of the Junior Percentage for such
Distribution Date; and
(v) for any Distribution Date thereafter, the Senior
Percentage for such Distribution Date.
Notwithstanding the foregoing, if on any Distribution Date
the Senior Percentage exceeds the Senior Percentage as of
the Closing Date, the Senior Prepayment Percentage for such
Distribution Date will equal 100%.
In addition, notwithstanding the foregoing, no reduction of
the Senior Prepayment Percentage below the level in effect
for the most recent prior period as set forth in clauses
(i) through (iv) above shall be effective on any
Distribution Date unless at least one of the following two
tests is satisfied:
Test I: If, as of the last day of the month
preceding such Distribution Date, (i) the aggregate
Scheduled Principal Balance of Mortgage Loans
delinquent 60 days or more (including for this purpose
any Mortgage Loans in foreclosure and REO Mortgage
Loans) as a percentage of the aggregate Class
Certificate Principal Balance of the Junior
Certificates as of such date, does not exceed 50%, and
(ii) cumulative Realized Losses with respect to the
Mortgage Loans do not exceed (a) 30% of the aggregate
Class Certificate Principal Balance of the Junior
Certificates as of the Closing Date (the "Original
Subordinate Principal Balance") if such Distribution
Date occurs between and including October 2002 and
September 2003, (b) 35% of the Original Subordinate
Principal Balance if such Distribution Date occurs
between and including October 2003 and September 2004,
(c) 40% of the Original Subordinate Principal Balance
if such Distribution Date occurs between and including
October 2004 and September 2005, (d) 45% of the
Original Subordinate Principal Balance if such
Distribution Date occurs between and including October
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2005 and September 2006 and (e) 50% of the Original
Subordinate Principal Balance if such Distribution
Date occurs during or after October 2006; or
Test II: If, as of the last day of the month
preceding such Distribution Date, (i) the aggregate
Scheduled Principal Balance of Mortgage Loans
delinquent 60 days or more (including for this purpose
any Mortgage Loans in foreclosure and REO Mortgage
Loans) averaged over the last three months, as a
percentage of the aggregate Scheduled Principal
Balance of Mortgage Loans averaged over the last three
months, does not exceed 4%, and (ii) cumulative
Realized Losses with respect to the Mortgage Loans do
not exceed (a) 10% of the Original Subordinate
Principal Balance if such Distribution Date occurs
between and including October 2002 and September 2003,
(b) 15% of the Original Subordinate Principal Balance
if such Distribution Date occurs between and including
October 2003 and September 2004, (c) 20% of the
Original Subordinate Principal Balance if such
Distribution Date occurs between and including October
2004 and September 2005, (d) 25% of the Original
Subordinate Principal Balance if such Distribution
Date occurs between and including October 2005 and
September 2006, and (e) 30% of the Original
Subordinate Principal Balance if such Distribution
Date occurs during or after October 2006.
Servicer's Certificate: A certificate, completed by
and executed on behalf of the Company by a Servicing
Officer in accordance with Section 4.06, substantially in
the form of Exhibit D hereto or in such other form as the
Company and the Trustee shall agree.
Servicing Fee: As to any Mortgage Loan and
Distribution Date, an amount equal to the product of (i)
the Scheduled Principal Balance of such Mortgage Loan as of
the Due Date in the preceding calendar month and (ii) the
Servicing Fee Rate for such Mortgage Loan.
Servicing Fee Rate: As to any Mortgage Loan, the per
annum rate identified as such for such Mortgage Loan and set
forth in the Mortgage Loan Schedule.
Servicing Officer: Any officer of the Company involved
in, or responsible for, the administration and servicing of
the Mortgage Loans whose name appears on a list of
servicing officers attached to an Officer's Certificate
furnished to the Trustee by the Company, as such list may
from time to time be amended.
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Single Certificate: A Certificate with an Initial
Certificate Principal Balance, or initial Notional
Principal Balance, of $1,000 or, in the case of a Class of
Certificates issued with an initial Class Certificate
Principal Balance or initial Notional Principal Balance of
less than $1,000, such lesser amount.
Special Hazard Loss: (i) A Realized Loss suffered by a
Mortgaged Property on account of direct physical loss,
exclusive of (a) any loss covered by a hazard policy or a
flood insurance policy required to be maintained in respect
of such Mortgaged Property under Section 3.06 and (b) any
loss caused by or resulting from:
(1) normal wear and tear;
(2) conversion or other dishonest act on the part of
the Trustee, the Company or any of their agents or
employees; or
(3) errors in design, faulty workmanship or faulty
materials, unless the collapse of the property or
a part thereof ensues;
or (ii) any Realized Loss suffered by the Trust Fund
arising from or related to the presence or suspected
presence of hazardous wastes or hazardous substances on a
Mortgaged Property unless such loss to a Mortgaged Property
is covered by a hazard policy or a flood insurance policy
required to be maintained in respect of such Mortgaged
Property under Section 3.06.
Special Hazard Loss Amount: As of any Distribution
Date, an amount equal to $5,011,480 minus the sum of (i)
the aggregate amount of Special Hazard Losses that would
have been allocated to the Junior Certificates in
accordance with Section 4.03 in the absence of the Loss
Allocation Limitation and (ii) the Adjustment Amount (as
defined below) as most recently calculated. On each
anniversary of the Cut-off Date, the "Adjustment Amount"
shall be equal to the amount, if any, by which the amount
calculated in accordance with the preceding sentence
(without giving effect to the deduction of the Adjustment
Amount for such anniversary) exceeds the lesser of (x) the
greater of (A) the product of the Special Hazard Percentage
for such anniversary multiplied by the outstanding
principal balance of all the Mortgage Loans on the
Distribution Date immediately preceding such anniversary
and (B) twice the outstanding principal balance of the
Mortgage Loan which has the largest outstanding principal
balance on the Distribution Date immediately preceding such
anniversary, and (y) an amount
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calculated by the Company and approved by each Rating
Agency, which amount shall not be less than $500,000.
Special Hazard Percentage: As of each anniversary of
the Cut-off Date, the greater of (i) 1.00% and (ii) the
largest percentage obtained by dividing (x) the aggregate
outstanding principal balance (as of the immediately
preceding Distribution Date) of the Mortgage Loans secured
by Mortgaged Properties located in a single, five-digit zip
code area in the State of California by (y) the outstanding
principal balance of all the Mortgage Loans as of the
immediately preceding Distribution Date.
Special Hazard Termination Date: The Distribution Date
upon which the Special Hazard Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
Specified Component: None.
Startup Day: As defined in Section 2.06(c).
Strip Rate: With respect to the Class S Certificates
and any Distribution Date, a variable rate per annum equal
to the excess of (x) the weighted average (by Scheduled
Principal Balance) carried to six decimal places, rounded
down, of the Net Mortgage Rates of the Outstanding
Non-Discount Mortgage Loans as of the Due Date in the
preceding calendar month (or the Cut-off Date, in the case
of the first Distribution Date) over (y) 7.25%; provided,
however, that such calculation shall not include any
Mortgage Loan that was the subject of a Voluntary Principal
Prepayment in full received by the Company (or of which the
Company received notice, in the case of a Mortgage Loan
serviced by a Primary Servicer) on or after the first day
but on or before the 15th day of such preceding calendar
month.
Subordinate Certificates: As to any date of
determination, first, the Class B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; second, the Class B4 Certificates until
the Class Certificate Principal Balance thereof has been
reduced to zero; third, the Class B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; fourth, the Class B2 Certificates until
the Class Certificate Principal Balance thereof has been
reduced to zero; fifth, the Class B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; and sixth, the Class M Certificates until
the Class Certificate Principal Balance thereof has been
reduced to zero.
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Subordinate Certificate Writedown Amount: As to any
Distribution Date, first, any amount distributed to the
Class PO Certificates on such Distribution Date pursuant to
Section 4.01(a)(iv) and second, after giving effect to the
application of clause first above, the amount by which (i)
the sum of the Class Certificate Principal Balances of all
the Certificates (after giving effect to the distribution
of principal and the application of Realized Losses in
reduction of the Certificate Principal Balances of the
related Certificates on such Distribution Date) exceeds
(ii) the Pool Scheduled Principal Balance on the first day
of the month of such Distribution Date less any Deficient
Valuations occurring on or prior to the Bankruptcy Coverage
Termination Date.
Substitution Amount: With respect to any Mortgage Loan
substituted pursuant to Section 2.03(b), the excess of (x)
the Scheduled Principal Balance of the Mortgage Loan that
is substituted for, over (y) the Scheduled Principal
Balance of the related substitute Mortgage Loan, each
balance being determined as of the date of substitution.
Surety: Ambac Assurance Corporation, or its successors
in interest.
Surety Bond: The Limited Purpose Surety Bond (Policy
No. AB0039BE), dated February 28, 1996, issued by the
Surety for the benefit of certain beneficiaries, including
the Trustee for the benefit of the Holders of the
Certificates, but only to the extent that such Limited
Purpose Surety Bond covers any Pledged Asset Mortgage
Loans.
TAC Balance: As to any Distribution Date and any Class
of TAC Certificates and any TAC Component, the balance
designated as such for such Distribution Date and such
Class or Component as set forth in the Principal Balance
Schedules.
TAC Certificates: None.
TAC Component: None.
Trigger Event: Any one or more of the following: (i)
if the Company is not a wholly-owned direct or indirect
subsidiary of General Electric Company or if General
Electric Capital Corporation shall not own (directly or
indirectly) at least two-thirds of the voting shares of the
capital stock of the Company, (ii) if the long-term senior
unsecured rating of General Electric Capital Corporation is
downgraded or withdrawn by Fitch or S&P below their two
highest rating categories, (iii) if General Electric
Capital Corporation is no longer obligated pursuant to the
terms of
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the support agreement, dated as of October 1, 1990, between
General Electric Capital Corporation and the Company, to
maintain the Company's net worth or liquidity (as such
terms are defined therein) at the levels specified therein,
or if such support agreement, including any amendment
thereto, has been breached, terminated or otherwise held to
be unenforceable and (iv) if such support agreement,
including any amendment thereto, is amended or modified.
Trust Fund: The corpus of the trust created by this
Agreement evidenced by the Certificates and consisting of:
(i) the Mortgage Loans;
(ii) all payments on or collections in respect of
such Mortgage Loans, except as otherwise described in
the first paragraph of Section 2.01, including the
proceeds from the liquidation of any Additional
Collateral for any Pledged Asset Mortgage Loan;
(iii) the obligation of the Company to deposit in
the Certificate Account the amounts required by
Sections 3.02(d), 3.02(e) and 4.04(a), and the
obligation of the Trustee to deposit in the
Certificate Account any amount required pursuant to
Section 4.04(b);
(iv) the obligation of the Company to purchase or
replace any Defective Mortgage Loan pursuant to Section
2.02 or 2.03;
(v) the obligation of the Company to purchase any
Modified Mortgage Loan pursuant to Section 3.01(c);
(vi) all property acquired by foreclosure or deed
in lieu of foreclosure with respect to any REO Mortgage
Loan;
(vii) the proceeds of the Primary Insurance
Policies, if any, and the hazard insurance policies
required by Section 3.06, in each case, in respect of
the Mortgage Loans, and the Company's interest in the
Surety Bond transferred to the Trustee pursuant to
Section 2.01;
(viii) the Certificate Account established pursuant
to Section 3.02(d);
(ix) the Eligible Account or Accounts, if any,
established pursuant to Section 3.02(e);
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(x) any collateral funds established to secure
the obligations of the Holder of the Class B4 and
Class B5 Certificates, respectively, under any
agreements entered into between such holder and the
Company pursuant to Section 3.08(e); and
(xi) all rights of the Company as assignee under
any security agreements, pledge agreements or
guarantees relating to the Additional Collateral
supporting any Pledged Asset Mortgage Loan.
Trustee: The institution executing this Agreement as
Trustee, or its successor in interest, or if any successor
trustee is appointed as herein provided, then such
successor trustee so appointed.
Type I PAC Certificates: The Class A2, Class A3, Class
A4, Class A5 and Class A13 Certificates.
Type II PAC Certificates: The Class A6 Certificates.
Uninsured Cause: Any cause of damage to property
subject to a Mortgage such that the complete restoration of
the property is not fully reimbursable by the hazard
insurance policies required to be maintained pursuant to
Section 3.06.
Unpaid Class Interest Shortfall: As to any
Distribution Date and any Class of Certificates (other than
any Class of Principal Only Certificates or any Class of
Certificates consisting of Specified Components) or any
Specified Component (other than any Principal Only
Component), the amount, if any, by which the aggregate of
the Class Interest Shortfalls for such Class or Specified
Component for prior Distribution Dates is in excess of the
aggregate amounts distributed on prior Distribution Dates
to Holders of such Class of Certificates or in respect of
such Specified Component (or added to the Class Certificate
Principal Balance of any Class of Accrual Certificates, or
to the Component Principal Balance of any Accrual
Component) pursuant to Section 4.01(a)(ii), in the case of
the Senior Certificates (other than any Class of Principal
Only Certificates), and any Component thereof (other than
any Principal Only Component), and the Class S
Certificates, Section 4.01(a)(vi), in the case of the Class
M Certificates, Section 4.01(a)(ix), in the case of the
Class B1 Certificates, Section 4.01(a)(xii), in the case of
the Class B2 Certificates, Section 4.01(a)(xv), in the case
of the Class B3 Certificates, Section 4.01(a)(xviii), in
the case of the Class B4 Certificates, and Section
4.01(a)(xxi), in the case of the Class B5 Certificates. As
to any Distribution Date and any Class of Certificates
consisting
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of Specified Components, the sum of any Unpaid Class
Interest Shortfalls for the Specified Components thereof.
Upper Tier REMIC: One of the two separate REMICs
comprising the Trust Fund, the assets of which consist of
the Lower Tier Interests.
Voluntary Principal Prepayment: With respect to any
Distribution Date, any prepayment of principal received from
the related Mortgagor on a Mortgage Loan (including the
Purchase Price of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c)).
Voting Rights: The portion of the voting rights of all
the Certificates that is allocated to any Certificate for
purposes of the voting provisions of Section 10.01. At all
times during the term of this Agreement, 96% of all Voting
Rights shall be allocated to the Certificates other than
the Class A12, Class A18, Class A19 and Class S
Certificates and 1% of all Voting Rights shall be allocated
to each of the Class A12, Class A18, Class A19 and Class S
Certificates. Voting Rights allocated to the Class A12,
Class A18, Class A19 and Class S Certificates shall be
allocated among the Certificates of each such Class in
proportion to their Notional Principal Balances. Voting
Rights allocated to the other Classes of Certificates shall
be allocated among such Classes (and among the Certificates
within each such Class) in proportion to their Class
Certificate Principal Balances (or Certificate Principal
Balances), as the case may be.
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans. The
Company, concurrently with the execution and delivery of this
Agreement, does hereby transfer, assign, set-over and otherwise
convey to the Trustee without recourse (except as provided
herein) all the right, title and interest of the Company in and
to the Mortgage Loans, including all interest and principal
received by the Company on or with respect to the Mortgage Loans
(other than payments of principal and interest due and payable on
the Mortgage Loans on or before, and all Principal Prepayments
received before, the Cut-off Date).
In addition, with respect to any Pledged Asset
Mortgage Loan, the Company does hereby transfer, assign, set-over
and otherwise convey to the Trustee without recourse (except as
provided herein) (i) its rights as assignee under any security
agreements, pledge agreements or guarantees relating to the
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Additional Collateral supporting any Pledged Asset Mortgage Loan,
(ii) its security interest in and to any Additional Collateral,
(iii) its right to receive payments in respect of any Pledged
Asset Mortgage Loan pursuant to the Pledged Asset Mortgage
Servicing Agreement, and (iv) its rights as beneficiary under the
Surety Bond in respect of any Pledged Asset Mortgage Loan.
In connection with such transfer and assignment, the
Company does hereby deliver to the Trustee the following
documents or instruments with respect to each Mortgage Loan
(other than any Designated Loan) so transferred and assigned:
(i) The Mortgage Note, endorsed without recourse in
blank by the Company, including all intervening
endorsements showing a complete chain of endorsement from
the originator to the Company; provided, however, that if
such Mortgage Note is a Confirmatory Mortgage Note, such
Confirmatory Mortgage Note may be payable directly to the
Company or may show a complete chain of endorsement from
the named payee to the Company;
(ii) Any assumption and modification agreement; and
(iii) An assignment in recordable form (which may be
included in a blanket assignment or assignments) of the
Mortgage to the Trustee.
With respect to each Designated Loan, the Company does hereby
deliver to the Trustee the Designated Loan Closing Documents.
With respect to each Designated Loan, the Company covenants and
agrees to indemnify the Trustee and the Trust Fund from and hold
them harmless against any and all losses, liabilities, damages,
claims or expenses (other than those resulting from negligence or
bad faith of the Trustee) arising from the Company's failure to
have delivered the related Mortgage Note to the Trustee,
including without limitation any such losses, liabilities,
damages, claims or expenses arising from any action to enforce
the indebtedness evidenced by such Mortgage Note or any claim by
any third party who is the holder of such indebtedness by virtue
of possession of such Mortgage Note.
In instances where a completed assignment of the
Mortgage in recordable form cannot be delivered by the Company to
the Trustee prior to or concurrently with the execution and
delivery of this Agreement, due to a delay in connection with
recording of the Mortgage, the Company may, in lieu of delivering
the completed assignment in recordable form, deliver to the
Trustee the assignment in such form, otherwise complete except
for recording information.
In connection with each Mortgage Loan transferred and
assigned to the Trustee, the Company shall deliver to the Trustee
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the following documents or instruments as promptly as
practicable, but in any event within 30 days, after receipt by
the Company of all such documents and instruments for all of the
outstanding Mortgage Loans:
(i) the Mortgage with evidence of recording indicated
thereon;
(ii) a copy of the title insurance policy; and
(iii) with respect to any Mortgage that has been
assigned to the Company, the related recorded intervening
assignment or assignments of Mortgage, showing a complete
chain of assignment from the originator to the Company.
Pending such delivery, the Company shall retain in its files (a)
copies of the documents described in clauses (i) and (iii) of the
preceding sentence, without evidence of recording thereon, and
(b) title insurance binders with respect to the Mortgage Loans.
The Company shall also retain in its files evidence of any
primary mortgage insurance relating to the Mortgage Loans during
the period when the related insurance is in force. Pending
delivery of the documents referred to in the second preceding
sentence, such evidence of primary mortgage insurance shall
include a copy of the relevant Primary Insurance Policy. (The
copies of the Mortgage, intervening assignments of Mortgage, if
any, title insurance binder and the Primary Insurance Policy, if
any, described in the second and third preceding sentences are
collectively referred to herein as the "Document File" with
respect to each Mortgage Loan.) The Company shall advise the
Trustee in writing if such delivery to the Trustee shall not have
occurred on or before the first anniversary of the Closing Date.
The Company shall promptly furnish to the Trustee the documents
included in the Document Files (other than any such documents
previously delivered to the Trustee as originals or copies)
either (a) upon the written request of the Trustee or (b) when
the Company or the Trustee obtains actual notice or knowledge of
a Trigger Event. The Trustee shall have no obligation to request
delivery of the Document Files unless a Responsible Officer of
the Trustee has actual notice or knowledge of the occurrence of a
Trigger Event.
In the case of Mortgage Loans which have been prepaid
in full after the Cut-off Date and prior to the date of execution
and delivery of this Agreement, the Company, in lieu of
delivering the above documents to the Trustee, herewith delivers
to the Trustee a certification of a Servicing Officer of the
nature set forth in Section 3.09.
The Company shall not be required to record the
assignments of the Mortgages to the Trustee unless the Company or
the Trustee obtains actual notice or knowledge of the occurrence
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of any Trigger Event; provided, however, that such recording
shall not be required if the Company delivers to the Trustee a
letter from each Rating Agency to the effect that the failure to
take such action will not cause such Rating Agency to reduce or
withdraw its then current ratings of the Certificates. The party
obtaining actual notice or knowledge of any of such events shall
give the other party prompt written notice thereof. For purposes
of the foregoing (as well as for purposes of determining whether
the Company shall be required to deliver the Document Files to
the Trustee following the occurrence of a Trigger Event), the
Company shall be deemed to have knowledge of any such downgrading
referred to in the definition of Trigger Event if, in the
exercise of reasonable diligence, the Company has or should have
had knowledge thereof. As promptly as practicable subsequent to
the Company's delivery or receipt of such written notice, as the
case may be, the Company shall insert the recording information
in the assignments of the Mortgages to the Trustee and shall
cause the same to be recorded, at the Company's expense, in the
appropriate public office for real property records, except that
the Company need not cause to be so completed and recorded any
assignment which relates to a Mortgage Loan secured by property
in a jurisdiction under the laws of which, on the basis of an
Opinion of Counsel reasonably satisfactory to the Trustee and
satisfactory to each Rating Agency (as evidenced in writing),
recordation of such assignment is not necessary to protect the
Trustee against discharge of such Mortgage Loan by the Company or
any valid assertion that any Person other than the Trustee has
title to or any rights in such Mortgage Loan. In the event that
the Company fails or refuses to record the assignment of
Mortgages in the circumstances provided above, the Trustee shall
record or cause to be recorded such assignment at the expense of
the Company. In connection with the recording of any such
assignment, the Company shall furnish such documents as may be
reasonably necessary to accomplish such recording.
Notwithstanding the foregoing, at any time the Company may
record, or cause to be recorded, the assignments of Mortgages at
the expense of the Company.
Section 2.02. Acceptance by Trustee. Subject to the
examination hereinafter provided, the Trustee acknowledges
receipt of the Mortgage Notes, the assignments of the Mortgages
to the Trustee, the assumption and modification agreements, if
any, and the Designated Loan Closing Documents, if any, delivered
pursuant to Section 2.01, and declares that the Trustee holds and
will hold such documents and each other document delivered to it
pursuant to Section 2.01 in trust, upon the trusts herein set
forth, for the use and benefit of all present and future
Certificateholders. The Trustee agrees, for the benefit of
Certificateholders, to review each Mortgage File within 45 days
after (i) the execution and delivery of this Agreement, in the
case of the Mortgage Notes, the assignments of the Mortgages to
the Trustee, the assumption and modification agreements, if any,
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and the Designated Loan Closing Documents, if any, (ii) delivery
to the Trustee after the Closing Date of the Mortgage Notes and
the assumption and modification agreements, if any, with respect
to each Designated Loan, and (iii) delivery of the recorded
Mortgages, title insurance policies and recorded intervening
assignments of Mortgage, if any, to ascertain that all required
documents set forth in Section 2.01 have been executed, received
and recorded, if applicable, and that such documents relate to
the Mortgage Loans identified in Exhibit C hereto. In performing
such examination, the Trustee may conclusively assume the due
execution and genuineness of any such document and the
genuineness of any signature thereon. It is understood that the
scope of the Trustee's examination of the Mortgage Files is
limited solely to confirming, after receipt of the documents
listed in Section 2.01, that such documents have been executed,
received and recorded, if applicable, and relate to the Mortgage
Loans identified in Exhibit C to this Agreement. If in the course
of such review the Trustee finds (1) that any document required
to be delivered as aforesaid has not been delivered, or (2) any
such document has been mutilated, defaced or physically altered
without the borrower's authorization or approval, or (3) based
upon its examination of such documents, the information with
respect to any Mortgage Loan set forth on Exhibit C is not
accurate, the Trustee shall promptly so notify the Company in
writing, which shall have a period of 60 days after receipt of
such notice to correct or cure any such defect. The Company
hereby covenants and agrees that, if any such material defect
cannot be corrected or cured, the Company will on a Distribution
Date which is not later than the first Distribution Date which is
more than ten days after the end of such 60-day period repurchase
the related Mortgage Loan from the Trustee at the Purchase Price
therefor or replace such Mortgage Loan pursuant to Section
2.03(b); provided, however, that if the defect (or breach
pursuant to Section 2.03(a)) is one that, had it been discovered
before the Startup Day, would have prevented the Mortgage Loan
from being a "qualified mortgage" within the meaning of the REMIC
Provisions, such defect or breach shall be cured, or the related
Mortgage Loan shall be repurchased or replaced, on a Distribution
Date which falls within 90 days of the date of discovery of such
defect or breach. The Purchase Price for the repurchased Mortgage
Loan, or any amount required in respect of a substitution
pursuant to Section 2.03(b), shall be deposited by the Company in
the Certificate Account pursuant to Section 3.02(d) on the
Business Day prior to the applicable Distribution Date and, upon
receipt by the Trustee of written notification of such deposit
signed by a Servicing Officer, the Trustee shall release or cause
to be released to the Company the related Mortgage File and shall
execute and deliver or cause to be executed and delivered such
instruments of transfer or assignment, in each case without
recourse, as shall be necessary
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to vest in the Company any Mortgage Loan released pursuant
hereto. It is understood and agreed that the obligation of the
Company to repurchase or replace any Mortgage Loan as to which a
material defect in a constituent document exists shall constitute
the sole remedy respecting such defect available to
Certificateholders or the Trustee on behalf of
Certificateholders.
Upon receipt by the Trustee of the Mortgage Note with
respect to a Designated Loan that is not defective in accordance
with the fifth sentence of the preceding paragraph, the related
Lost Note Affidavit delivered pursuant to Section 2.01 shall be
void and the Trustee shall return it to the Company.
Section 2.03. Representations and Warranties of the
Company; Mortgage Loan Repurchase. (a) The Company hereby
represents and warrants to the Trustee that:
(i) The information set forth in Exhibit C hereto was
true and correct in all material respects at the date or
dates respecting which such information is furnished;
(ii) As of the date of the initial issuance of the
Certificates, each Mortgage is a valid and enforceable
first lien on the property securing the related Mortgage
Note subject only to (a) the lien of current real property
taxes and assessments, (b) covenants, conditions and
restrictions, rights of way, easements and other matters of
public record as of the date of recording of such Mortgage,
such exceptions appearing of record being acceptable to
mortgage lending institutions generally in the area wherein
the property subject to the Mortgage is located or
specifically reflected in the appraisal obtained in
connection with the origination of the related Mortgage
Loan obtained by the Company and (c) other matters to which
like properties are commonly subject which do not
materially interfere with the benefits of the security
intended to be provided by such Mortgage;
(iii) Immediately prior to the transfer and assignment
herein contemplated, the Company had good title to, and was
the sole owner of, each Mortgage Loan and all action had
been taken to obtain good record title to each related
Mortgage. Each Mortgage Loan has been transferred free and
clear of any liens, claims and encumbrances;
(iv) As of the date of the initial issuance of the
Certificates, no payment of principal of or interest on or
in respect of any Mortgage Loan is 30 or more days past due
and none of the Mortgage Loans have been past due 30 or
more days more than once during the preceding 12 months;
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(v) As of the date of the initial issuance of the
Certificates, there is no mechanics' lien or claim for
work, labor or material affecting the premises subject to
any Mortgage which is or may be a lien prior to, or equal
or coordinate with, the lien of such Mortgage except those
which are insured against by the title insurance policy
referred to in (x) below;
(vi) As of the date of the initial issuance of the
Certificates, there is no delinquent tax or assessment lien
against the property subject to any Mortgage;
(vii) As of the date of the initial issuance of the
Certificates, there is no valid offset, defense or
counterclaim to any Mortgage Note or Mortgage, including
the obligation of the Mortgagor to pay the unpaid principal
and interest on such Mortgage Note;
(viii) As of the date of the initial issuance of the
Certificates, the physical property subject to any Mortgage
is free of material damage and is in good repair;
(ix) Each Mortgage Loan at the time it was made
complied in all material respects with applicable state and
federal laws, including, without limitation, usury, equal
credit opportunity and disclosure laws;
(x) A lender's title insurance policy or binder, or
other assurance of title insurance customary in the
relevant jurisdiction therefor, in either case, in a form
acceptable to FNMA or FHLMC, was issued on the date of the
origination of each Mortgage Loan and each such policy or
binder is valid and remains in full force and effect;
(xi) The Loan-to-Value Ratio of each Mortgage Loan,
other than any Pledged Asset Mortgage Loan, was not more
than 95.00%. The Pledged Asset Loan-to-Value Ratio of each
Pledged Asset Mortgage Loan was not more than 70.25%. As of
the Cut-off Date, other than with respect to the Pledged
Asset Mortgage Loans, no more than 21.00% of the Mortgage
Loans by Scheduled Principal Balance had Loan-to-Value
Ratios of more than 80% and each such Mortgage Loan is
covered by a Primary Insurance Policy so long as its then
outstanding principal amount exceeds 80% of the greater of
(a) the Original Value and (b) the then current value of
the related Mortgaged Property as evidenced by an appraisal
thereof satisfactory to the Company. Each Primary Insurance
Policy is issued by a private mortgage insurer acceptable
to FNMA or FHLMC. None of the Pledged Asset Mortgage Loans
is covered by a Primary Insurance Policy;
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(xii) Each Mortgage Note is payable on the first day of
each month in self-amortizing monthly installments of
principal and interest, with interest payable in arrears,
over an original term of not more than thirty years. The
Mortgage Rate of each Mortgage Note of the related Mortgage
Loan was not less than 6.875% per annum and not greater
than 9.375% per annum. The Mortgage Rate of each Mortgage
Note is fixed for the life of the related Mortgage Loan;
(xiii) The improvements on the Mortgaged Properties are
insured against loss under a hazard insurance policy with
extended coverage and conforming to the requirements of
Section 3.06 hereof. As of the date of initial issuance of
the Certificates, all such insurance policies are in full
force and effect;
(xiv) As of the Cut-off Date, no more than 21.00% of the
Mortgage Loans by Scheduled Principal Balance had a
Scheduled Principal Balance of more than $400,000;
(xv) As of the Cut-off Date, no more than 1.00% of the
Mortgage Loans by Scheduled Principal Balance are secured
by Mortgaged Properties located in any one postal zip code
area;
(xvi) As of the Cut-off Date, at least 98.50% of the
Mortgage Loans by Scheduled Principal Balance are secured
by Mortgaged Properties determined by the Company to be the
primary residence of the Mortgagor. The basis for such
determination is the making of a representation by the
Mortgagor at origination that he or she intends to occupy
the underlying property;
(xvii) As of the Cut-off Date, at least 94.25% of the
Mortgage Loans by Scheduled Principal Balance are secured
by one-family detached residences;
(xviii) As of the Cut-off Date, no more than 3.00% of the
Mortgage Loans by Scheduled Principal Balance are secured
by condominiums and, as of the Cut-off Date, no more than
1.25% of the Mortgage Loans by Scheduled Principal Balance
are secured by two- to four-family residential properties.
As to each condominium or related Mortgage Loan, (a) the
related condominium is in a project that is on the FNMA or
FHLMC approved list, (b) the related condominium is in a
project that, upon submission of appropriate application,
could be so approved by either FNMA or FHLMC, (c) the
related Mortgage Loan meets the requirements for purchase
by FNMA or FHLMC, (d) the related Mortgage Loan is of the
type that could be approved for purchase by FNMA or FHLMC
but for the principal balance of the related Mortgage Loan
or the pre-sale requirements or (e) the related Mortgage
Loan has
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been approved by a nationally recognized mortgage pool
insurance company for coverage under a mortgage pool
insurance policy issued by such insurer. As of the Cut-off
Date, no more than 0.25% of the Mortgage Loans by Scheduled
Principal Balance are secured by condominiums located in
any one postal zip code area;
(xix) No Mortgage Loan is secured by a leasehold
interest in the related Mortgaged Property, and each
Mortgagor holds fee title to the related Mortgaged
Property;
(xx) As of the Cut-off Date, no more than 1.00% of the
Mortgage Loans by Scheduled Principal Balance constituted
Buydown Mortgage Loans. The maximum Buydown Period for any
Buydown Mortgage Loan is three years, and the maximum
difference between the stated Mortgage Rate of any Buydown
Mortgage Loan and the rate paid by the related Mortgagor is
three percentage points. Each Buydown Mortgage Loan has
been fully funded;
(xxi) The original principal balances of the Mortgage
Loans range from $62,700.00 to $1,680,000.00;
(xxii) As of the Cut-off Date, no more than 1.25% of the
Mortgage Loans by Scheduled Principal Balance are secured
by second homes, and no more than 0.50% of the Mortgage
Loans by Scheduled Principal Balance are secured by
investor-owned properties;
(xxiii) All appraisals are on forms acceptable to either
FNMA or FHLMC, including information regarding three
comparable properties;
(xxiv) No selection procedures, other than those
necessary to comply with the representations and warranties
set forth herein or the description of the Mortgage Loans
made in any disclosure document delivered to prospective
investors in the Certificates, have been utilized in
selecting the Mortgage Loans from the Company's portfolio
which would be adverse to the interests of the
Certificateholders;
(xxv) To the best of the Company's knowledge, at
origination no improvement located on or being part of a
Mortgaged Property was in violation of any applicable
zoning and subdivision laws and ordinances;
(xxvi) None of the Mortgage Loans is a temporary
construction loan. With respect to any Mortgaged Property
which constitutes new construction, the related
construction has been completed substantially in accordance
with the specifications therefor and any incomplete aspect
of such
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construction shall not be material or interfere with the
habitability or legal occupancy of the Mortgaged Property.
Mortgage Loan amounts sufficient to effect any such
completion are in escrow for release upon or in connection
with such completion or a performance bond or completion
bond is in place to provide funds for this purpose and such
completion shall be accomplished within 120 days after
weather conditions permit the commencement thereof;
(xxvii) As of the Closing Date, each Mortgage Loan is a
"qualified mortgage" as defined in Section 860G(a)(3) of the
Code; and
(xxviii) As of the Closing Date, the Company possesses the
Document File with respect to each Mortgage Loan, and the
related Mortgages and intervening assignment or assignments
of Mortgages, if any, have been delivered to a title
insurance company for recording.
It is understood and agreed that the representations
and warranties set forth in this Section 2.03(a) shall survive
delivery of the respective Mortgage Files to the Trustee. Upon
discovery by either the Company or the Trustee of a breach of any
of the foregoing representations and warranties which materially
and adversely affects the interests of the Certificateholders in
the related Mortgage Loan, the party discovering such breach
shall give prompt written notice to the other. Subject to the
following sentence, within 60 days of its discovery or its
receipt of notice of breach, or, with the prior written consent
of a Responsible Officer of the Trustee, such longer period
specified in such consent, the Company shall cure such breach in
all material respects or shall repurchase such Mortgage Loan from
the Trustee or replace such Mortgage Loan pursuant to Section
2.03(b). Any such repurchase by the Company shall be accomplished
in the manner set forth in Section 2.02, subject to the proviso
of the third-to-last sentence thereof, and at the Purchase Price.
It is understood and agreed that the obligation of the Company to
repurchase or replace any Mortgage Loan as to which a breach
occurred and is continuing shall constitute the sole remedy
respecting such breach available to Certificateholders or the
Trustee on behalf of Certificateholders and such obligation of
the Company to repurchase or replace any such Mortgage Loan shall
not be assumed by any Person which may succeed the Company as
servicer hereunder, but shall continue as an obligation of the
Company. Notwithstanding the preceding sentence, if a breach of
the representation and warranty of the Company contained in
Section 2.03(a)(ix) occurs as a result of a violation of the
federal Truth in Lending Act, 15 U.S.C. ss. 1601 et seq., as
amended ("TILA") or any state truth-in lending or similar
statute, and the Trustee or the Trust Fund is named as a
defendant in a TILA suit or a suit under any such statutes in
respect of such violation and liability in respect thereof is
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imposed upon the Trustee or the Trust Fund as assignees of the
related Mortgage Loan pursuant to Section 1641 of TILA, or any
analogous provision of any such statute, the Company shall
indemnify the Trustee and the Trust Fund from, and hold them
harmless against, any and all losses, liabilities, damages,
claims or expenses (including reasonable attorneys' fees) to
which the Trustee and the Trust Fund, or either of them, become
subject pursuant to TILA or any such statute, insofar as such
losses, damages, claims or expenses (including reasonable
attorneys' fees) result from such violation. The Company's
obligations under the preceding sentence shall not impair or
derogate from the Company's obligations to the Trustee under
Section 8.05.
(b) If the Company is required to repurchase any
Mortgage Loan pursuant to Section 2.02 or 2.03(a), the Company
may, at its option, within the applicable time period specified
in such respective Sections, remove such Defective Mortgage Loan
from the terms of this Agreement and substitute one or more other
mortgage loans for such Defective Mortgage Loan, in lieu of
repurchasing such Defective Mortgage Loan, provided that no such
substitution shall occur more than two years after the Closing
Date. Any substitute Mortgage Loan shall (a) have a Scheduled
Principal Balance (together with that of any other Mortgage Loan
substituted for the same Defective Mortgage Loan) as of the first
Distribution Date following the month of substitution not in
excess of the Scheduled Principal Balance of the Defective
Mortgage Loan as of such date (the amount of any difference, plus
one month's interest thereon at the respective Net Mortgage Rate,
to be deposited by the Company in the Certificate Account
pursuant to Section 2.02), (b) have a Mortgage Rate not less
than, and not more than one percentage point greater than, the
Mortgage Rate of the Defective Mortgage Loan, (c) have the same
Net Mortgage Rate as the Defective Mortgage Loan, (d) have a
remaining term to stated maturity not later than, and not more
than one year less than, the remaining term to stated maturity of
the Defective Mortgage Loan, (e) be, in the reasonable
determination of the Company, of the same type, quality and
character as the Defective Mortgage Loan as if the defect or
breach had not occurred, (f) have a ratio of its current
principal amount to its Original Value not greater than that of
the removed Mortgage Loan and (g) be, in the reasonable
determination of the Company, in compliance with the
representations and warranties contained in Section 2.03(a) as of
the date of substitution.
The Company shall amend the Mortgage Loan Schedule to
reflect the withdrawal of any Defective Mortgage Loan and the
substitution of a substitute Mortgage Loan therefor. Upon such
amendment the Company shall be deemed to have made as to such
substitute Mortgage Loan the representations and warranties set
forth in Section 2.03(a) as of the date of such substitution,
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which shall be continuing as long as any Certificate shall be
outstanding or this Agreement has not been terminated, and the
remedies for breach of any such representation or warranty shall
be as set forth in Section 2.03(a). Upon such amendment, the
Trustee shall review the Mortgage File delivered to it relating
to the substitute Mortgage Loan, within the time and in the
manner and with the remedies specified in Section 2.02, except
that for purposes of this Section 2.03(b) (other than the
two-year period specified in the first sentence of the preceding
paragraph of this Section 2.03(b)), such time shall be measured
from the date of the applicable substitution.
Section 2.04. Execution of Certificates. The Trustee
has caused to be executed, countersigned and delivered to or upon
the order of the Company, in exchange for the Mortgage Loans, the
Certificates in authorized denominations evidencing the entire
ownership of the Trust Fund.
Section 2.05. The REMICs. (a) For federal income tax
purposes, the Trust Fund shall consist of two REMICs, the Lower
Tier REMIC and the Upper Tier REMIC. The Certificates, other than
the Class RL Certificate, shall be issued by the Upper Tier
REMIC, and the Class RL Certificate shall be issued by the Lower
Tier REMIC. The Lower Tier REMIC shall be evidenced by the Class
RL Certificate and the regular interests having the
characteristics and terms set forth in the following table, which
interests (other than the Class RL Certificate) shall be issued
by the Lower Tier REMIC to the Trustee. The Lower Tier Interests
and the proceeds thereof shall be assets of the Upper Tier REMIC.
Principal of and interest on the Lower Tier Interests shall be
allocated to the Corresponding Classes of Certificates (or
Components) in the manner set forth in the following table.
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Corresponding Class
of Certificates(1)
------------------
Lower-Tier Allocation Allocation
Lower-Tier Initial Lower Interest of of
Interest Tier Balance Rate Principal Interest
-------- ------------ ---- --------- --------
A1 $18,563,000.00 7.250% A1 A1
A2 13,339,000.00 7.250 A2 A2
A3 29,292,000.00 7.250 A3 (4)
A4 13,131,000.00 7.250 A4 (4)
A5 18,652,000.00 7.250 A5 (4)
A6 21,902,000.00 7.250 A6 A6
A7 99,594,000.00 7.250 A7 A7
A8 55,000,000.00 7.250 A8 A8
A9 4,251,000.00 7.250 A9 A9
A10 11,731,000.00 7.250 A10 A10
A11 21,579,000.00 7.250 A11 A11
A13 29,722,000.00 7.250 A13 A13
A14 28,039,777.00 (3) A14 A14
A15 6,768,223.00 (3) A15 A15
A16 77,822,900.00 7.250 A16 A16
A17 30,000,000.00 7.250 A17 (5)
PO 461,302.42 0.000 PO N/A
M 7,768,000.00 7.250 M M
B1 4,761,000.00 7.250 B1 B1
B2 3,759,000.00 7.250 B2 B2
B3 2,506,000.00 7.250 B3 B3
B4 751,700.00 7.250 B4 B4
B5 1,754,042.81 7.250 B5 B5
R 50.00 7.250 R R
RPO 999.99 0.00 R N/A
S (2) (2) N/A S
- --------------------------
(1) Unless otherwise indicated, the amount of interest and
principal allocable from a Lower Tier Interest to its
Corresponding Class or Classes of Certificates on any
Distribution Date shall be 100%.
(2) Lower Tier Interest S shall have a Lower Tier Balance equal
to the Notional Principal Balance of the Class S
Certificates on the related Distribution Date and a Lower
Tier Interest Rate equal to the Strip Rate for such
Distribution Date.
(3) Each of Lower Tier Interest A14 and A15 shall bear interest
at the Certificate Interest Rate of their respective
Corresponding Class of Certificates.
(4) On each Distribution Date, the amount of interest accrued
for each of Lower-Tier Interest A3, A4 and A5 for the
preceding Interest Accrual Period shall be allocated as
follows: (i) an amount equal to the
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Accrued Certificate Interest on the Class of Certificates
with the corresponding alpha-numerical designation shall
be allocated to such Class; and (ii) the remaining amount
of interest on each such Lower-Tier Interest shall be allocated
to the Class A12 Certificates.
(5) On each Distribution Date, the amount of interest accrued
on Lower-Tier Interest A17 for the preceding Interest
Accrual Period shall be allocated to the Class A17, Class
A18 and Class A19 Certificates, in each case, in an amount
equal to the Accrued Certificate Interest thereon for such
Interest Accrual Period.
(b) The Lower Tier Interests shall be issued as
non-certificated interests. The Class RL Certificate shall be
issued in fully registered certificated form and shall be
executed and countersigned as provided in Section 5.01 hereof.
(c) For purposes of further identifying the terms of
the Lower Tier Interests, distributions of principal and interest
on each Class of Lower Tier Interests shall be considered to
correspond, in timing and aggregate amount, to the distributions
of principal and interest, respectively, made under Section 4.01
(and, in the case of Lower Tier Interest RPO, distributions to
the Class R Certificates pursuant to the last paragraph of
Section 4.01(f)(i)) on the Corresponding Classes of Certificates
or Components, and allocations of losses on each Class of Lower
Tier Interests shall be considered to correspond, in timing and
aggregate amount, to the allocations of losses made under Section
4.03 on the Corresponding Classes of Certificates or Components.
(d) On each Distribution Date, in addition to amounts
otherwise distributable thereon pursuant to Section 4.01, the
Trustee shall distribute to the holder of the Class RL
Certificate any amounts (other than the amounts described in
clauses (x) and (y) of the definition of Available Funds)
remaining in the Lower Tier REMIC after all amounts required to
be applied pursuant to Section 2.05(c) have been so applied. Any
distributions pursuant to this clause (d) shall not reduce the
Class Certificate Principal Balance of the Class RL Certificate.
Section 2.06. Designations under the REMIC Provisions.
(a) The Company hereby designates the Lower Tier Interests
identified in Section 2.05(a) above as "regular interests," and
the Class RL Certificate as the single class of "residual
interests," in the Lower Tier REMIC for purposes of the REMIC
Provisions.
(b) The Company hereby designates the Classes of
Certificates identified in Section 5.01(b), other than the
Residual Certificates, as "regular interests," and the Class R
Certificate as the single class of "residual interests," in the
Upper Tier REMIC for purposes of the REMIC Provisions.
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(c) The Closing Date will be the "Startup Day" for
each of the Upper Tier REMIC and Lower Tier REMIC for purposes of
the REMIC Provisions.
(d) The "tax matters person" with respect to the Upper
Tier REMIC for purposes of the REMIC Provisions shall be (i) the
Company, if the Company is the owner of a Class R Certificate, or
(ii) in any other case, the beneficial owner of the Class R
Certificate having the largest Percentage Interest of such Class;
provided, however, that such largest beneficial owner and, to the
extent relevant, each other holder of a Class R Certificate, by
its acceptance thereof irrevocably appoints the Company as its
agent and attorney-in-fact to act as "tax matters person" with
respect to the Upper Tier REMIC for purposes of the REMIC
Provisions.
The "tax matters person" with respect to the Lower Tier
REMIC for purposes of the REMIC Provisions shall be (i) the
Company, if the Company is the owner of a Class RL Certificate,
or (ii) in any other case, the beneficial owner of the Class RL
Certificate having the largest Percentage Interest of such Class;
provided, however, that such largest beneficial owner and, to the
extent relevant, each other holder of a Class RL Certificate, by
its acceptance thereof irrevocably appoints the Company as its
agent and attorney-in-fact to act as "tax matters person" with
respect to the Lower Tier REMIC for purposes of the REMIC
Provisions.
(e) The "latest possible maturity date" of the regular
interests in the Upper Tier REMIC and Lower Tier REMIC is the
Latest Possible Maturity Date for purposes of section 860G(a)(1)
of the Code.
(f) In no event shall the Reserve Fund or the assets
described in clause (x) of the definition of the term Trust Fund
constitute a part of the Upper Tier REMIC or the Lower Tier
REMIC.
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer. (a) It is
intended that each of the Upper Tier REMIC and the Lower Tier
REMIC established hereunder shall constitute, and that the
affairs of the REMICs shall be conducted so as to qualify each of
the Upper Tier REMIC and the Lower Tier REMIC (other than any
collateral fund established under the agreement referred to in
Section 3.08(e)) as, a "real estate mortgage investment conduit"
as defined in and in accordance with the REMIC Provisions. In
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furtherance of such intention, the Company covenants and agrees
that it shall act as agent (and the Company is hereby appointed
to act as agent) on behalf of each of the Upper Tier REMIC and
the Lower Tier REMIC established hereunder and the respective
Holders of the Residual Certificates and that in such capacity it
shall:
(i) prepare and file, or cause to be prepared and
filed, in a timely manner, a U.S. Real Estate Mortgage
Investment Conduit Income Tax Return (Form 1066) and
prepare and file or cause to be prepared and filed with the
Internal Revenue Service and applicable state or local tax
authorities income tax or information returns for each
taxable year with respect to each of the Upper Tier REMIC
and the Lower Tier REMIC established hereunder, using the
calendar year as the taxable year and the accrual method of
accounting, containing such information and at the times
and in the manner as may be required by the Code or state
or local tax laws, regulations, or rules, and shall furnish
or cause to be furnished to Certificateholders the
schedules, statements or information at such times and in
such manner as may be required thereby;
(ii) within thirty days of the Closing Date, shall
furnish or cause to be furnished to the Internal Revenue
Service, on Form 8811 or as otherwise may be required by
the Code, the name, title, address, and telephone number of
the person that the holders of the Certificates may contact
for tax information relating thereto (and the Company shall
act as the representative of each of the Upper Tier REMIC
and the Lower Tier REMIC established hereunder for this
purpose), together with such additional information as may
be required by such Form, and shall update such information
at the time or times and in the manner required by the
Code;
(iii) make or cause to be made an election, on behalf of
each of the Upper Tier REMIC and the Lower Tier REMIC
established hereunder, to be treated as a REMIC, and make
the appropriate designations, if applicable, in accordance
with Section 2.06 hereof on the federal tax return of the
Trust Fund for its first taxable year (and, if necessary,
under applicable state law);
(iv) prepare and forward, or cause to be prepared and
forwarded, to the Certificateholders and to the Internal
Revenue Service and, if necessary, state tax authorities,
all information returns or reports, or furnish or cause to
be furnished by telephone, mail, publication or other
appropriate method such information, as and when required
to be provided to them in accordance with the REMIC Provisions,
including without limitation, the calculation of any
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original issue discount using the Prepayment
Assumption Multiple;
(v) provide information necessary for the computation
of tax imposed on the transfer of a Residual Certificate to
a Disqualified Organization, or an agent (including a
broker, nominee or other middleman) of a Disqualified
Organization, or a pass-through entity in which a
Disqualified Organization is the record holder of an
interest (the reasonable cost of computing and furnishing
such information may be charged to the Person liable for
such tax);
(vi) use its best reasonable efforts to conduct the
affairs of each of the Upper Tier REMIC and the Lower Tier
REMIC established hereunder at all times that any
Certificates are outstanding so as to maintain the status
thereof as a REMIC under the REMIC Provisions;
(vii) not knowingly or intentionally take any action or
omit to take any action that would cause the termination of
the REMIC status of either of the Upper Tier REMIC or the
Lower Tier REMIC or that would subject the Trust Fund to
tax, except for taxes for which the Company is required to
indemnify the Lower Tier REMIC pursuant to Section 3.01(c);
(viii) exercise reasonable care not to allow the creation
of any "interests" (A) in the Upper Tier REMIC within the
meaning of section 860D(a)(2) of the Code in addition to
the interests represented by the Classes of Certificates
identified in Section 5.01(b) other than the Class RL
Certificate, and (B) in the Lower Tier REMIC within the
meaning of Section 860D(a)(2) of the Code in addition to
the interests represented by the Lower Tier Interests
identified in Section 2.05(a) and the Class RL Certificate;
(ix) exercise reasonable care not to allow the
occurrence of any "prohibited transactions" within the
meaning of section 860F of the Code, unless (1) the Company
shall have provided an Opinion of Counsel to the Trustee
that such occurrence would not (a) result in a taxable
gain, (b) otherwise subject the Trust Fund to tax, or (c)
cause either of the Upper Tier REMIC or the Lower Tier
REMIC established hereunder to fail to qualify as a REMIC
or (2) such "prohibited transactions" arise from the
modification, holding or purchase of a Modified Mortgage
Loan pursuant to Section 3.01(c);
(x) exercise reasonable care not to allow the Trust
Fund to receive income from the performance of services or
from assets not permitted under the REMIC Provisions to be
held by a REMIC, except such as may arise from the
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modification, holding or purchase of a Modified Mortgage
Loan pursuant to Section 3.01(c);
(xi) pay the amount of any federal or state tax,
including prohibited transaction taxes, taxes on certain
contributions to the Upper Tier REMIC or Lower Tier REMIC
after the Startup Day, and taxes on net income from
foreclosure property, imposed on the Trust Fund when and as
the same shall be due and payable (but such obligation
shall not prevent the Company or any other appropriate
Person from contesting any such tax in appropriate
proceedings and shall not prevent the Company from
withholding payment of such tax, if permitted by law,
pending the outcome of such proceedings);
(xii) ensure that federal, state or local income tax or
information returns shall be signed by the Trustee or such
other person as may be required to sign such returns by the
Code or state or local laws, regulations or rules; and
(xiii) maintain such records relating to each of the
Upper Tier REMIC and the Lower Tier REMIC established
hereunder, including but not limited to the income,
expenses, individual Mortgage Loans (including Mortgaged
Property), other assets and liabilities thereof, and the
fair market value and adjusted basis of the property of
each determined at such intervals as may be required by the
Code, as may be necessary to prepare the foregoing returns,
schedules, statements or information.
The Company shall be entitled to be reimbursed
pursuant to Section 3.04 for any federal income taxes paid by it
pursuant to clause (xi) of the preceding sentence, except to the
extent that such taxes are imposed as a result of the bad faith,
misfeasance or negligence of the Company in the performance of
its obligations hereunder. The Company shall not be entitled to
be reimbursed for any taxes paid pursuant to the indemnification
provisions of Section 3.01(c) (except as provided therein). With
respect to any reimbursement of prohibited transaction taxes, the
Company shall inform the Trustee of the circumstances under which
such taxes were incurred.
(b) The Company shall service and administer the
Mortgage Loans and shall have full power and authority, acting
alone or through one or more Primary Servicers, to do any and all
things in connection with such servicing and administration which
it may deem necessary or desirable. Without limiting the
generality of the foregoing, the Company shall continue, and is
hereby authorized and empowered by the Trustee, to execute and
deliver, or file, as appropriate, on behalf of itself, the
Certificateholders and the Trustee or any of them, any and all
continuation statements, termination statements, instruments of
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satisfaction or cancellation, or of partial or full release or
discharge and all other comparable instruments, with respect to
the Mortgage Loans and with respect to the properties subject to
the Mortgages. Without limitation of the foregoing, if the
Company in its individual capacity agrees to refinance any
Mortgage Loan upon the request of the related Mortgagor, the
Company, as servicer hereunder, may execute an instrument of
assignment in customary form to the Company in its individual
capacity. In connection with any such refinancing, the Trustee
shall, upon certification of a Servicing Officer to the effect
that an amount equal to the principal balance of the related
Mortgage Loan together with accrued and unpaid interest thereon
at the applicable Net Mortgage Rate to the date of such
certification has been credited to the Mortgage Loan Payment
Record, release the related Mortgage File to the Company
whereupon the Company may cancel the related Mortgage Note. Upon
request by the Company after the execution and delivery of this
Agreement, the Trustee shall furnish the Company with any powers
of attorney and other documents necessary or appropriate to
enable the Company to carry out its servicing and administrative
duties hereunder. Except as otherwise provided herein, the
Company shall maintain servicing standards substantially
equivalent to those required for approval by FNMA or FHLMC. The
Company shall not agree to any modification of the material terms
of any Mortgage Loan except as provided in Section 3.01(c), the
second sentence of Section 3.02(a) and in Section 3.07. The
Company shall not release any portion of any Mortgaged Property
from the lien of the related Mortgage unless the related Mortgage
Loan would be a "qualified mortgage" within the meaning of the
REMIC Provisions following such release.
(c) The Company may agree to a modification of any
Mortgage Loan (the "Relevant Mortgage Loan") upon the request of
the related Mortgagor, provided that (i) the modification is in
lieu of a refinancing and the Mortgage Rate on the Relevant
Mortgage Loan, as modified, is approximately a prevailing market
rate for newly-originated mortgage loans having similar terms,
(ii) the aggregate of the adjusted bases of all Modified Mortgage
Loans (including the Relevant Mortgage Loan) plus the aggregate
adjusted bases of any assets that are not qualified mortgages or
Permitted Investments under Code Section 860GA that are assets of
the Lower Tier REMIC established hereunder at all times on any
day is less than one percent of the aggregate of the adjusted
bases of all assets of the Lower Tier REMIC (including such
Modified Mortgage Loans) on such day, and (iii) the Company
purchases the Relevant Mortgage Loan from the Trust Fund as
described below. Effective immediately after such modification,
and, in any event, on the same Business Day on which the
modification occurs, all right, title and interest of the Trustee
in and to the Modified Mortgage Loan shall automatically be
deemed transferred and assigned to the Company and all benefits
and burdens of ownership thereof, including without limitation
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the right to accrued interest thereon from and including the date
of modification and the risk of default thereon, shall pass to
the Company. To confirm such transfer and assignment, the
Company, as servicer hereunder, as soon as practicable shall
execute an instrument of assignment of the Modified Mortgage Loan
without recourse in customary form to the Company in its
individual capacity. The Company shall promptly deliver to the
Trustee a certification of a Servicing Officer to the effect that
(i) an amount equal to the Purchase Price of such Modified
Mortgage Loan has been credited to the Mortgage Loan Payment
Record on the date of the transfer and assignment of such
Modified Mortgage Loan to the Company and (ii) all requirements
of the first paragraph of this subsection (c) have been satisfied
with respect to such Modified Mortgage Loan.
The Company shall deposit the Purchase Price for any
Modified Mortgage Loan in the Certificate Account pursuant to
Section 3.02(d) on the Business Day prior to the Distribution
Date on which such funds are considered Available Funds,
provided, however, that if the Company is required to deposit
funds in one or more Eligible Accounts on a daily basis pursuant
to Section 3.02(e), the Purchase Price for any Modified Mortgage
Loan shall be deposited therein within one Business Day after the
purchase of such Modified Mortgage Loan. Upon receipt by the
Trustee of written notification of any such deposit signed by a
Servicing Officer, the Trustee shall release to the Company the
related Mortgage File and shall execute and deliver such
instruments of transfer or assignment, in each case without
recourse, as shall be necessary more fully to vest in the Company
any Modified Mortgage Loan previously transferred and assigned
pursuant hereto.
The Company covenants and agrees to indemnify the
Lower Tier REMIC against any and all liability for any
"prohibited transaction" taxes and any related interest,
additions and penalties imposed on the Lower Tier REMIC
established hereunder as a result of any modification of a
Mortgage Loan effected pursuant to this subsection (c), any
holding of a Modified Mortgage Loan by the Lower Tier REMIC or
any purchase of a Modified Mortgage Loan by the Company (but such
obligation shall not prevent the Company or any other appropriate
Person from contesting any such tax in appropriate proceedings
and shall not prevent the Company from withholding payment of
such tax, if permitted by law, pending the outcome of such
proceedings). The Company shall have no right of reimbursement
for any amount paid pursuant to the foregoing indemnification,
except to the extent that the amount of any tax, interest and
penalties, together with interest thereon, is refunded to the
Lower Tier REMIC or the Company.
(d) The relationship of the Company (and of any
successor to the Company as servicer under this Agreement) to the
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Trustee under this Agreement is intended by the parties to be
that of an independent contractor and not that of a joint
venturer, partner or agent.
(e) All costs incurred by the Company in effecting the
timely payment of taxes and assessments on the properties subject
to the Mortgage Loans shall not, for the purpose of calculating
monthly distributions to Certificateholders, be added to the
amount owing under the related Mortgage Loans, notwithstanding
that the terms of such Mortgage Loans so permit, and such costs
shall be recoverable by the Company to the extent permitted by
Section 3.04. The Company shall collect such amounts from the
Mortgagor and shall credit the Mortgage Loan Payment Record
accordingly.
(f) If the Company enters into a servicing agreement
with any servicer (a "Primary Servicer") pursuant to which such
Primary Servicer shall directly service certain Mortgage Loans
and the Company shall perform master servicing with respect
thereto, the Company shall not be released from its obligations
to the Trustee and Certificateholders with respect to the
servicing and administration of the Mortgage Loans in accordance
with the provisions of Article III hereof and such obligations
shall not be diminished by virtue of any such servicing agreement
or arrangement and the Company shall be obligated to the same
extent and under the same terms and conditions as if the Company
alone were servicing and administering the Mortgage Loans. Any
amounts received by a Primary Servicer in respect of a Mortgage
Loan shall be deemed to have been received by the Company whether
or not actually received by it. Any servicing agreement that may
be entered into and any transactions or services relating to the
Mortgage Loans involving a Primary Servicer in its capacity as
such shall be deemed to be between the Company and the Primary
Servicer alone, and the Trustee and the Certificateholders shall
have no claims, obligations, duties or liabilities with respect
thereto. Notwithstanding the foregoing, in the event the Company
has been removed as the servicer hereunder pursuant to Section
6.04 or Section 7.01, the Trustee or any successor servicer
appointed pursuant to Section 7.02 shall succeed to all of the
Company's rights and interests (but not to any obligations or
liabilities of the Company arising prior to the date of
succession) under any servicing agreement with any Primary
Servicer in respect of the Mortgage Loans, subject to the
limitation on the Trustee's responsibilities under Section 7.02.
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(g) In no event shall any collateral fund established
under the agreement referred to in Section 3.08(e) constitute an
asset of any REMIC established hereunder.
Section 3.02. Collection of Certain Mortgage Loan
Payments; Mortgage Loan Payment Record; Certificate Account. (a)
The Company shall make reasonable efforts to collect all payments
called for under the terms and provisions of the Mortgage Loans,
and shall, to the extent such procedures shall be consistent with
this Agreement, follow such collection procedures as it follows
with respect to mortgage loans comparable to the Mortgage Loans
in its servicing portfolio. Consistent with the foregoing, the
Company may in its discretion (i) waive any late payment charge
or any assumption fees or other fees which may be collected in
the ordinary course of servicing such Mortgage Loan and (ii) if a
default on the Mortgage Loan has occurred or is reasonably
foreseeable, arrange at any time prior to foreclosure with a
Mortgagor a schedule for the payment of due and unpaid principal
and interest for a period extending not longer than 180 days
after the date that such schedule is arranged. Any arrangement of
the sort described in clause (ii) above shall not affect the
amount or timing of the Company's obligation to make Monthly
Advances with respect to any Mortgage Loan which Monthly Advances
shall be made pursuant to the original amortization schedule
applicable to such Mortgage Loan.
(b) The Company shall establish and maintain a
Mortgage Loan Payment Record in which the following payments on
and collections in respect of each Mortgage Loan shall as
promptly as practicable be credited by the Company for the
account of the Holders of the Certificates:
(i) All payments on account of principal, including
Principal Prepayments (other than (A) payments of principal
due and payable on the Mortgage Loans on or before, and all
Principal Prepayments received before, the Cut-off Date,
(B) in the case of a substitute Mortgage Loan, payments of
principal due and payable on such Mortgage Loan on or
before the Determination Date in the month of substitution,
and all Principal Prepayments received before the first day
of the month of substitution, and (C) in the case of a
replaced Mortgage Loan, payments of principal due and
payable on such Mortgage Loan after the Determination Date
in the month of substitution, and all Principal Prepayments
received in the month of substitution);
(ii) All payments (other than (A) those due and payable
on or before the Cut-off Date, (B) in the case of a
substitute Mortgage Loan, those due and payable on such
Mortgage Loan on or before the Determination Date in the
month of substitution, and (C) in the case of a replaced
Mortgage Loan, those due and payable on such Mortgage Loan
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after the Determination Date in the month of substitution)
on account of interest at the applicable Net Mortgage Rate
on the Mortgage Loan received from the related Mortgagor,
including any Buydown Funds applied with respect to
interest at the applicable Net Mortgage Rate on any Buydown
Mortgage Loan;
(iii) All Liquidation Proceeds received by the Company
with respect to such Mortgage Loan and the Purchase Price
for any Mortgage Loan purchased by the Company pursuant to
Sections 2.02, 2.03, 3.01(c) and 3.16 (including any
amounts received in respect of a substitution of a Mortgage
Loan);
(iv) All Insurance Proceeds (including, for this
purpose, any amounts required to be credited by the Company
pursuant to the last sentence of Section 3.06) received by
the Company for the benefit of the Trust Fund, other than
proceeds to be applied to the restoration or repair of the
property subject to the related Mortgage or released, or to
be released, to the related Mortgagor in accordance with
the normal servicing procedures of the Company;
(v) All REO Proceeds; and
(vi) All amounts received by the Company with respect
to any Pledged Asset Mortgage Loan pursuant to the
liquidation of any Additional Collateral or pursuant to any
recovery under the Surety Bond in accordance with Section
4.09.
The foregoing requirements respecting credits to the Mortgage
Loan Payment Record are exclusive, it being understood that,
without limiting the generality of the foregoing, the Company
need not enter in the Mortgage Loan Payment Record collections,
Liquidation Proceeds or Insurance Proceeds in respect of Mortgage
Loans which have been previously released from the terms of this
Agreement, amounts representing fees or late charge penalties
payable by Mortgagors, or amounts received by the Company for the
account of Mortgagors for application towards the payment of
taxes, insurance premiums, assessments and similar items.
(c) Subject to subsection (e) below, until the
Business Day prior to each Distribution Date on which amounts are
required to be deposited in the Certificate Account pursuant to
subsection (d) of this Section 3.02, the Company may retain and
commingle such amounts with its own funds and shall be entitled
to retain for its own account any gain or investment income
thereon, and any such investment income shall not be subject to
any claim of the Trustee or Certificateholders. To the extent
that the Company realizes any net loss on any such investments,
the Company shall deposit in the Certificate Account an amount
equal to such net loss at the time the Company is required to
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deposit amounts in the Certificate Account pursuant to subsection
(d) of this section 3.02. Any such deposit shall not increase the
Company's obligation under said subsection (d).
(d) The Trustee shall establish and maintain with the
Trustee in its corporate trust department a single separate trust
account designated in the name of the Trustee for the benefit of
the Holders of the Certificates issued hereunder (the
"Certificate Account") into which the Company shall deposit, not
later than 11:00 a.m. New York time on the Business Day prior to
each Distribution Date, an amount in next day funds equal to the
Available Funds for such Distribution Date. If the Trustee does
not receive such deposit by 2:00 p.m. on such Business Day, it
shall give the Company written notice thereof.
(e) If the Company or a Responsible Officer of the
Trustee obtains actual notice of or knowledge of the occurrence
of either (x) any Trigger Event or (y) the downgrade by S&P of
General Electric Capital Corporation's short-term senior
unsecured debt rating below A-1+, then, notwithstanding
subsection (c) above, the Company shall promptly establish, and
thereafter maintain, one or more Eligible Accounts in the name of
the Trustee and bearing a designation indicating that amounts
therein are held for the benefit of the Trustee and the
Certificateholders, into which the Company and any Primary
Servicer shall deposit within two Business Days after receipt,
all amounts otherwise required to be credited to the Mortgage
Loan Payment Record pursuant to Section 3.02(b); provided,
however, that such action shall not be required if the Company
delivers to the Trustee a letter from each Rating Agency to the
effect that the failure to take such action will not cause such
Rating Agency to withdraw or reduce its then current ratings of
the Certificates. All amounts so deposited shall be held in trust
for the benefit of Certificateholders. Amounts so deposited may
be invested at the written instruction of the Company in
Permitted Investments in the name of the Trustee maturing no
later than the Business Day preceding the Distribution Date
following the date of such investment; provided, however, that
any such Permitted Investment which is an obligation of State
Street Bank and Trust Company, in its individual capacity and not
in its capacity as Trustee, may mature on such Distribution Date;
and, provided further, that no such Permitted Investment shall be
sold before the maturity thereof if the sale thereof would result
in the realization of gain prior to maturity unless the Company
has obtained an Opinion of Counsel that such sale or disposition
will not cause the Trust Fund to be subject to the tax on
prohibited transactions under section 860F of the Code, or
otherwise subject the Trust Fund to tax or cause either of the
Upper Tier REMIC or the Lower Tier REMIC established hereunder to
fail to qualify as a REMIC. The Trustee shall maintain physical
possession of all Permitted Investments, other than Permitted
Investments maintained in book-
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entry form. The Company, as servicer, shall be entitled
to retain for its own account any gain or other income from
Permitted Investments, and neither the Trustee nor
Certificateholders shall have any right or claim with respect to
such income. The Company shall deposit an amount equal to any
loss realized on any Permitted Investment as soon as any such
loss is realized. If the provisions in this subsection (e) become
operable, references in this Agreement to the Mortgage Loan
Payment Record and credits and debits to such Record shall be
deemed to refer to Eligible Accounts and deposits to and
withdrawals from such Eligible Accounts. Any action which may be
necessary to establish the terms of an account pursuant to this
Section 3.02(e) may be taken by an amendment or supplement to
this Agreement or pursuant to a written order of the Company,
which amendment, supplement or order shall not require the
consent of Certificateholders, provided that the Company has
delivered to the Trustee a letter from each Rating Agency to the
effect that such amendment, supplement or order will not cause
such Rating Agency to withdraw or reduce its then current ratings
of the Certificates.
Section 3.03. Collection of Taxes, Assessments and
Other Items. The Company shall establish and maintain with one or
more depository institutions one or more accounts into which it
shall deposit all collections of taxes, assessments, private
mortgage or hazard insurance premiums or comparable items for the
account of the Mortgagors. As servicer, the Company shall effect
the timely payment of all such items for the account of
Mortgagors. Withdrawals from such account or accounts may be made
only to effect payment of taxes, assessments, private mortgage or
standard hazard insurance premiums or comparable items, to
reimburse the Company out of related collections for any payments
made regarding taxes and assessments or for any payments made
pursuant to Section 3.05 regarding premiums on Primary Insurance
Policies and Section 3.06 regarding premiums on standard hazard
insurance policies, to refund to any Mortgagors any sums
determined to be overages, or to pay interest owed to Mortgagors
to the extent required by law.
Section 3.04. Permitted Debits to the Mortgage Loan
Payment Record. The Company (or any successor servicer pursuant
to Section 7.02) may, from time to time, make debits to the
Mortgage Loan Payment Record for the following purposes:
(i) To reimburse the Company or the applicable Primary
Servicer for Liquidation Expenses theretofore incurred in
respect of any Mortgage Loan in an amount not to exceed the
amount of the related Liquidation Proceeds credited to the
Mortgage Loan Payment Record pursuant to Section
3.02(b)(iii); provided that the Company or the applicable
Primary Servicer shall not be entitled to reimbursement for
Liquidation Expenses incurred after the initiation of
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foreclosure proceedings in respect of any Defaulted
Mortgage Loan that is repurchased pursuant to Section 3.16;
(ii) To reimburse the Company or the applicable Primary
Servicer for Insured Expenses and amounts expended by it
pursuant to Section 3.08 in good faith in connection with
the restoration of property damaged by an Uninsured Cause,
in an amount not to exceed the amount of the related
Insurance Proceeds and Liquidation Proceeds (net of any
debits pursuant to clause (i) above) and amounts
representing proceeds of other insurance policies covering
the property subject to the related Mortgage credited to
the Mortgage Loan Payment Record pursuant to Section
3.02(b) (iii) and (iv);
(iii) To reimburse the Company to the extent permitted
by Sections 3.01(a) and 6.04;
(iv) To pay to the Company amounts received in respect
of any Defective Mortgage Loan, Defaulted Mortgage Loan, or
Modified Mortgage Loan purchased by the Company to the
extent that the distribution of any such amounts on the
Distribution Date upon which the proceeds of such purchase
are distributed would make the total amount distributed in
respect of any such Mortgage Loan on such Distribution Date
greater than the Purchase Price therefor, net of any
unreimbursed Monthly Advances made by the Company;
(v) To reimburse the Company (or the Trustee, as
applicable) for Monthly Advances theretofore made in
respect of any Mortgage Loan to the extent of late
payments, REO Proceeds, Insurance Proceeds and Liquidation
Proceeds in
respect of such Mortgage Loan;
(vi) To reimburse the Company from any Mortgagor
payment of interest or other recovery with respect to a
particular Mortgage Loan, to the extent not previously
retained by the Company, for unpaid Servicing Fees with
respect to such Mortgage Loan, subject to Section 3.08(d);
(vii) To reimburse the Company (or the Trustee, as
applicable) for any Nonrecoverable Advance (which right of
reimbursement of the Trustee pursuant to this clause shall
be prior to such right of the Company);
(viii) To make deposits into the Certificate Account
pursuant to Section 3.02(d); and
(ix) To deduct any amount credited to the Mortgage Loan
Payment Record in error.
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The Company shall keep and maintain separate
accounting records, on a Mortgage Loan by Mortgage Loan basis,
for the purpose of accounting for debits to the Mortgage Loan
Payment Record pursuant to clauses (i), (ii), (iv), (v) and (vi)
of this Section 3.04; provided, however, that it is understood
and agreed that the records of such accounting need not be
retained by the Company for a period longer than the five most
recent fiscal years.
Section 3.05. Maintenance of the Primary Insurance
Policies. (a) The Company shall not take any action which would
result in non-coverage under any applicable Primary Insurance
Policy of any loss which, but for the actions of the Company,
would have been covered thereunder. To the extent coverage is
available, the Company shall keep or cause to be kept in full
force and effect each such Primary Insurance Policy until the
principal balance of the related Mortgage Note is 80% or less of
the greater of (i) the related Original Value and (ii) the then
current value of the property underlying the related Mortgage
Note as evidenced by an appraisal thereof satisfactory to the
Company; provided that no such Primary Insurance Policy need be
kept in effect if doing so would violate applicable law. The
Company shall not cancel or refuse to renew any such Primary
Insurance Policy applicable to a Mortgage Loan that is in effect
at the Closing Date and is required to be kept in force hereunder
unless the replacement Primary Insurance Policy for such canceled
or non-renewed policy is maintained with an insurer whose
claims-paying ability is acceptable to each Rating Agency for
mortgage pass-through certificates having ratings equal to or
better than the ratings then assigned to the Certificates by such
Rating Agency. The Company agrees to effect the timely payment of
the premium on each Primary Insurance Policy, and such costs not
otherwise recoverable shall be recoverable by the Company from
related Insurance Proceeds and Liquidation Proceeds pursuant to
Section 3.04.
(b) In connection with its activities as administrator
and servicer of the Mortgage Loans, the Company agrees to
present, on behalf of itself, the Trustee and the
Certificateholders, claims to the insurer under each Primary
Insurance Policy and, in this regard, to take such reasonable
action as shall be necessary to permit recovery under any Primary
Insurance Policy respecting a related defaulted Mortgage Loan. To
the extent provided in Section 3.02(b), any amounts collected by
the Company under any Primary Insurance Policy in respect of the
Mortgage Loans (including, without limitation, a Mortgage Loan
purchased by a related insurer) shall be credited to the Mortgage
Loan Payment Record.
Section 3.06. Maintenance of Hazard Insurance. The
Company shall cause to be maintained for each Mortgage Loan
hazard insurance with a standard mortgagee clause and with
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extended coverage in an amount which is at least equal to the
maximum insurable value of the improvements securing such
Mortgage Loan from time to time or the principal balance owing on
such Mortgage Loan from time to time, whichever is less. The
Company shall also maintain on property acquired upon
foreclosure, or by deed in lieu of foreclosure, hazard insurance
with extended coverage in an amount which is at least equal to
the lesser of (i) the maximum insurable value from time to time
of the improvements which are a part of such property or (ii) the
unpaid principal balance of such Mortgage Loan at the time of
such foreclosure or deed in lieu of foreclosure plus accrued
interest and the good-faith estimate of the Company of related
Liquidation Expenses to be incurred in connection therewith. To
the extent provided in Section 3.02(b)(iv), amounts collected by
the Company under any such policies in respect of the Mortgage
Loans shall be credited to the Mortgage Loan Payment Record. Such
costs shall be recoverable by the Company pursuant to Sections
3.03 and 3.04. In cases in which property securing any Mortgage
Loan is located in a federally designated flood area, the hazard
insurance to be maintained for such Mortgage Loan shall include
flood insurance. All such flood insurance shall be in such
amounts as are required under applicable guidelines of FNMA. The
Company shall be under no obligation to require that any
Mortgagor maintain earthquake or other additional insurance and
shall be under no obligation itself to maintain any such
additional insurance on property acquired in respect of a
Mortgage Loan, other than pursuant to such applicable laws and
regulations as shall at any time be in force and as shall require
such additional insurance. If the Company shall obtain and
maintain a blanket policy insuring against hazard losses on all
of the Mortgage Loans, it shall conclusively be deemed to have
satisfied its obligations as set forth in the first sentence of
this Section 3.06, it being understood and agreed that such
policy may contain a deductible clause, in which case the Company
shall, in the event that there shall not have been maintained on
the related Mortgaged Property a policy complying with the first
sentence of this Section 3.06, and there shall have been a loss
which would have been covered by such policy, credit to the
Mortgage Loan Payment Record the amount not otherwise payable
under the blanket policy because of such deductible clause.
Section 3.07. Assumption and Modification Agreements.
(a) In any case in which property subject to a Mortgage has been
or is about to be conveyed by the Mortgagor, the Company shall
exercise its right to accelerate the maturity of such Mortgage
Loan under any "due-on-sale" clause applicable thereto, unless in
the reasonable discretion of the Company, such exercise would
adversely affect or jeopardize coverage under the related Primary
Insurance Policy, if any; provided, however, that if the Company
is prevented, as provided in Section 3.07(b), from enforcing any
such clause, the Company is authorized to make or enter into an
assumption and modification agreement from or with the Person to
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whom such property has been or is about to be conveyed, pursuant
to which such Person becomes liable under the Mortgage Note and
the Mortgagor remains liable thereon. In connection with any such
assumption and modification agreement, the Company shall apply
its then current underwriting standards to such Person. The
Company shall not make or enter into any such assumption and
modification agreement, however, unless (to the extent
practicable in the circumstances) it shall have received
confirmation of the continued effectiveness of any applicable
Primary Insurance Policy and hazard insurance policy. The Company
shall notify the Trustee that any assumption and modification
agreement has been completed by forwarding to the
Trustee the original copy thereof, which copy shall be added by
the Trustee to the related Mortgage File and shall, for all
purposes, be considered a part of such Mortgage File to the same
extent as all other documents and instruments constituting a part
thereof. In connection with any such agreement, the Mortgage
Rate, mortgage term and any other material term of such Mortgage
Loan shall not be changed. Any fee collected by the Company for
entering into any such agreement will be retained by the Company
as additional servicing compensation.
(b) Notwithstanding Section 3.07(a) or any other
provision of this Agreement, the Company shall not be deemed to
be in default, breach or any other violation of its obligations
hereunder by reason of any assumption of a Mortgage Loan, or
transfer of the property subject to a Mortgage without the
assumption thereof, by operation of law or any assumption or
transfer which the Company reasonably believes it may be
restricted by law from preventing, for any reason whatsoever.
Section 3.08. Realization Upon Defaulted Mortgage
Loans. (a) The Company shall foreclose upon or otherwise
comparably convert the ownership of properties securing such of
the Mortgage Loans as come into and continue in default and as to
which no satisfactory arrangements can be made for collection of
delinquent payments pursuant to Section 3.02. In connection with
such foreclosure or other conversion the Company shall,
consistent with Section 3.05, follow such practices and
procedures as it shall deem necessary or advisable and as shall
be normal and usual in its general mortgage servicing activities.
The foregoing is subject to the proviso that the Company shall
not be required to expend its own funds in connection with any
foreclosure or towards the restoration of any property unless it
shall determine (i) that such restoration or foreclosure will
increase the proceeds of liquidation of the Mortgage Loan to
Certificateholders after reimbursement to itself for such
expenses and (ii) that such expenses will be recoverable to it
either through Liquidation Proceeds or Insurance Proceeds.
Notwithstanding the foregoing, the Company shall not be entitled
to recover legal expenses incurred in connection with foreclosure
proceedings where the Mortgage Loan is reinstated and such
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foreclosure proceedings are terminated prior to completion, other
than sums received from the Mortgagor for such expenses.
Notwithstanding anything to the contrary contained
herein, the Company shall be under no obligation to foreclose
upon or otherwise convert the ownership of any Mortgaged Property
which it believes may be contaminated with or affected by
hazardous or toxic wastes, materials or substances. The Company
may, but shall not be obligated to, make such determination on
the basis of a Phase I environmental assessment with respect to
the related Mortgaged Property. Neither the Trustee nor the
Company shall be liable to the Trust Fund or the
Certificateholders if, based on the Company's belief that such
contamination or effect exists, the Company does not foreclose
upon or otherwise convert the ownership of a Mortgaged Property.
In addition, neither the Trustee nor the Company shall be liable
to the Trust Fund or the Certificateholders if, based on the
Company's belief that no such contamination or effect exists, the
Company forecloses upon a Mortgaged Property and the Trustee or
its nominee on behalf of the Trust Fund takes title to such
Mortgaged Property, and thereafter such Mortgaged Property is
determined to be so contaminated or affected.
(b) In the event that title to any Mortgaged Property
is acquired in foreclosure or by deed in lieu of foreclosure, the
deed or certificate of sale shall be issued to the Trustee, or to
its nominee on behalf of the Trust Fund. Notwithstanding any such
acquisition of title and cancellation of the related Mortgage
Loan, such Mortgage Loan shall (except for purposes of Section
9.01) be considered to be an Outstanding Mortgage Loan until such
time as the Mortgaged Property shall be sold and such Mortgage
Loan becomes a Liquidated Mortgage Loan. Consistent with the
foregoing, for purposes of all calculations hereunder so long as
such Mortgage Loan shall be considered to be an Outstanding
Mortgage Loan, it shall be assumed that the related Mortgage Note
and its amortization schedule in effect on and after such
acquisition of title (after giving effect to any previous
Principal Prepayments and Deficient Valuations incurred
subsequent to the related Bankruptcy Coverage Termination Date
and before any adjustment thereto by reason of any bankruptcy
(other than as aforesaid) or any similar proceeding or any
moratorium or similar waiver or grace period) remain in effect
(notwithstanding that the indebtedness evidenced by such Mortgage
Note shall have been discharged), subject to adjustment to
reflect the application of REO Proceeds received in any month.
REO Proceeds received in any month shall be applied to the
payment of the installments of principal due and interest accrued
on the related REO Mortgage Loan in accordance with the terms of
such Mortgage Note. REO Proceeds received in any month in excess
of the Amortization Payment for such month due on an REO Mortgage
Loan shall be treated as a Principal Prepayment received in
respect of such Mortgage Loan.
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(c) In the event that the Trust Fund acquires any
Mortgaged Property as aforesaid or otherwise in connection with a
default or imminent default on a Mortgage Loan, the Company shall
dispose of such Mortgaged Property prior to two years after its
acquisition by the Trust Fund unless (a) the Trustee shall have
been supplied with an Opinion of Counsel to the effect that the
holding by the Trust Fund of such Mortgaged Property subsequent
to such two-year period (and specifying the period beyond such
two-year period for which the Mortgaged Property may be held)
will not result in the imposition of taxes on "prohibited
transactions" of the Trust Fund as defined in section 860F of the
Code, or cause either of the Upper Tier REMIC or the Lower Tier
REMIC established hereunder to fail to qualify as a REMIC at any
time that any Certificates are outstanding, in which case the
Trust Fund may continue to hold such Mortgaged Property (subject
to any conditions contained in such Opinion of Counsel), or (b)
the Trustee (at the Company's expense) or the Company shall have
applied for, not later than 61 days prior to the expiration of
such two-year period, an extension of such two-year period in the
manner contemplated by section 856(e)(3) of the Code, in which
case the two-year period shall be extended by the applicable
period. Notwithstanding any other provision of this Agreement, no
Mortgaged Property acquired by the Trust Fund shall be rented (or
allowed to continue to be rented) or otherwise used for the
production of income by or on behalf of the Trust Fund or sold in
such a manner or pursuant to any terms that would (i) cause such
Mortgaged Property to fail to qualify at any time as "foreclosure
property" within the meaning of section 860G(a)(8) of the Code,
(ii) subject the Trust Fund to the imposition of any federal or
state income taxes on "net income from foreclosure property" with
respect to such Mortgaged Property within the meaning of section
860G(c) of the Code, or (iii) cause the sale of such Mortgaged
Property to result in the receipt by the Trust Fund of any income
from non-permitted assets as described in section 860F(a)(2)(B)
of the Code, unless the Company has agreed to indemnify and hold
harmless the Trust Fund with respect to the imposition of any
such taxes.
(d) Any collection of Insurance Proceeds or
Liquidation Proceeds will be applied in the following order of
priority: first, to reimburse the Company for any related
unreimbursed Liquidation Expenses and to reimburse the Company or
the Trustee, as applicable, for any related unreimbursed Monthly
Advances; second, to accrued and unpaid interest on the Mortgage
Loan at the Mortgage Rate from the date to which interest was
last paid or advanced to the Due Date prior to the Distribution
Date on which such amounts are to be distributed; and third, as a
recovery of principal of the Mortgage Loan. If the amount so
allocated to interest is less than the full amount of accrued and
unpaid interest due on such Mortgage Loan, the amount of such
recovery will be allocated between the Servicing Fee and interest
at the Net Mortgage Rate in proportion to the amount of such
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accrued interest which would have been allocated to each such
category in the absence of any shortfall.
(e) Notwithstanding anything to the contrary contained
herein, the Company shall have the right to enter into an
agreement substantially in the form of Exhibit K hereto with any
Person that is the Holder of 100% of the Class B5 Certificates
(provided that such form may be revised to delete the option on
the part of such Person to purchase a defaulted Mortgage Loan as
set forth in Section 2.02(f) thereof). Prior to entering into any
such agreement with any Person, the Company shall obtain a
certification from such Person to the effect that (i) such Person
is not an "affiliate" (within the meaning of the Prohibited
Transaction Exemption) of the Trustee and (ii) such Person will
not purchase any Certificates if such purchase would cause such
Person to hold more than a ten percent interest in the Mortgage
Pool. It is understood that the right of the Company to be
reimbursed for Monthly Advances and Nonrecoverable Advances under
this Agreement shall not be affected in any way by the provisions
of any such agreement. The Trustee hereby agrees to perform such
obligations as may be expressly required of it pursuant to the
provisions of such agreement and to promptly notify each party to
such agreement if a Responsible Officer of the Trustee (with
direct responsibility for administration of this Agreement)
becomes aware of any discussions, plans or events that might lead
to the Trustee's becoming an "affiliate" (within the meaning of
the Prohibited Transaction Exemption) of any Person with which
the Company has entered into such agreement, provided that the
contents of any such notification shall be kept confidential by
the parties to such agreement. The Company agrees to promptly
notify the Trustee upon entering into any such agreement. In
addition, the Company shall provide the Trustee with such
information as may be necessary for the Trustee to perform its
obligations thereunder, including written instructions, clearly
identifying the source, amount and application of funds to be
deposited or withdrawn from the Collateral Fund (as defined in
such agreement). The Trustee shall provide the Company with such
information concerning credits and debits to the Collateral Fund
on account of income, gains and losses realized from Collateral
Fund Permitted Investments (as defined in such agreement), and
costs associated with the purchase and sale thereof, as the
Company may request in order to prepare the instructions
described in the preceding sentence.
In addition, subject to the provisions of the
preceding paragraph, the Company shall have the right to enter
into an agreement substantially in the form of Exhibit K hereto
with any Person that is the Holder of 100% of the Class B4
Certificates, provided that (i) such Person is also the Holder of
100% of the Class B5 Certificates, (ii) such Person shall have no
rights under such agreement until the date on which the Class
Certificate Principal Balance of the Class B5 Certificates has
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been reduced to zero, and (iii) any rights of such Person under
such Agreement shall terminate in the event that such Person
transfers, directly or indirectly, the Class B4 Certificates to
any other Person.
Section 3.09. Trustee to Cooperate; Release of
Mortgage Files. Upon the payment in full of any Mortgage Loan,
the Company will immediately notify the Trustee by a
certification (which certification shall include a statement to
the effect that all amounts received in connection with such
payment which are required to be credited to the Mortgage Loan
Payment Record pursuant to Section 3.02 have been so credited) of
a Servicing Officer and shall request delivery to it of the
Mortgage File. If a Buydown Mortgage Loan is the subject of a
Principal Prepayment in full during the related Buydown Period,
the related Buydown Funds will be applied or returned to the
Person entitled thereto in accordance with the terms of such
Buydown Mortgage Loan. Upon receipt of such certification and
request in form satisfactory to the Trustee, the Trustee shall
promptly, but in any event within five Business Days, release the
related Mortgage File to the Company; provided, that the Trustee
shall not be responsible for any delay in the release of a
Mortgage File resulting from acts beyond its control, including
without limitation, acts of God, strikes, lockouts, riots, acts
of war or terrorism, epidemics, nationalization, governmental
regulations imposed after the fact, fire, communication line
failures, computer viruses, power failures, earthquakes or other
disasters. Upon any such payment in full, the Company is
authorized to execute, pursuant to the authorization contained in
Section 3.01, an instrument of satisfaction regarding such
Mortgage, which instrument of satisfaction shall be recorded by
the Company if required by applicable law and be delivered to the
Person entitled thereto, it being understood and agreed that no
expenses incurred in connection with such instrument of
satisfaction shall be reimbursed from amounts at the time
credited to the Mortgage Loan Payment Record. From time to time
and as appropriate for the servicing or foreclosure of any
Mortgage Loan (including, without limitation, collection under
any Primary Insurance Policy), the Trustee shall, upon request of
the Company and delivery to the Trustee of a receipt signed by a
Servicing Officer, release the related Mortgage File to the
Company and shall execute such documents as shall be necessary to
the prosecution of any such proceedings. Such receipt shall
obligate the Company to return the Mortgage File to the Trustee
when the need therefor by the Company no longer exists unless the
Mortgage Loan shall be liquidated, in which case, upon receipt of
a certificate of a Servicing Officer similar to that hereinabove
specified, the receipt shall be released by the Trustee to the
Company.
Section 3.10. Servicing Compensation; Payment of
Certain Expenses by the Company. (a) As compensation for its
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activities and obligations hereunder, the Company shall
be entitled to withhold and pay to itself out of each payment
received by it on account of interest on each Mortgage Loan
(including the portion of any Buydown Funds applied to the
related Buydown Mortgage Loan for the applicable period) an
amount equal to the Servicing Fee. The aggregate of the Servicing
Fees payable to the Company on any Distribution Date shall be
reduced by the amount of any Compensating Interest Payment for
such Distribution Date. Additional servicing compensation in the
form of Prepayment Interest Excess, assumption fees, modification
fees, late payment charges, interest income or gain with respect
to amounts deposited in the Certificate Account and invested by
the Company or otherwise shall be retained by the Company,
subject to Section 3.10(b), if applicable. The Company shall be
required to pay all expenses incurred by it in connection with
its activities hereunder (including payment of Trustee fees and
all other fees and expenses not expressly stated hereunder to be
for the account of the Certificateholders) and shall not be
entitled to reimbursement therefor except as provided in Sections
3.01, 3.03, 3.04 and 3.08.
(b) The Company may, as a condition to granting any
request by a Mortgagor for any consent, modification, waiver or
amendment or any other matter or thing, the granting of which is
in the Company's discretion pursuant to the terms of the
instruments evidencing or securing the related Mortgage Loan and
is permitted by other sections of this Agreement, require (to the
extent permitted by applicable law) that such Mortgagor pay to it
a reasonable or customary fee in accordance with the schedule set
forth as Exhibit H (which may be amended from time to time by
provision of a revised schedule of such fees to the Trustee,
whereupon such revised schedule shall be deemed to be Exhibit H
hereunder) for the additional services performed in connection
with such request, together with any related costs and expenses
incurred by it. Such fees shall be additional servicing
compensation to the Company.
Section 3.11. Reports to the Trustee; Certificate
Account Statements. Not later than 15 days after each
Distribution Date, the Company shall forward to the Trustee a
statement, certified by a Servicing Officer, setting forth the
status of the Mortgage Loan Payment Record as of the close of
business on such Distribution Date and showing, for the period
covered by such statement, the aggregate of credits to the
Mortgage Loan Payment Record for each category of credit
specified in Section 3.02 and each category of debit specified in
Section 3.04.
Section 3.12. Annual Statement as to Compliance. The
Company will deliver to the Trustee, on or before March 31 of
each year, beginning with March 31, 1998, an Officer's Certi-
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ficate stating that (a) a review of the activities of the
Company during the preceding calendar year and of its performance
under this Agreement has been made under such Officer's
supervision and (b) to the best of such Officer's knowledge,
based on such review, the Company has fulfilled all its material
obligations under this Agreement throughout such year, or, if
there has been a default in the fulfillment of any such
obligation, specifying each such default known to such Officer
and the nature and status thereof.
Section 3.13. Annual Independent Public Accountants'
Servicing Report. On or before March 31 of each year, beginning
with March 31, 1998, the Company at its expense shall cause a
firm of independent public accountants (who may also render other
services to the Company) to furnish a report to the Trustee to
the effect that such firm has examined certain documents and
records relating to the servicing of mortgage loans in the
Company's Servicing portfolio and that such examination, which
has been conducted substantially in compliance with the Uniform
Single Attestation Program for Mortgage Bankers has disclosed no
items of noncompliance with the provisions of this Agreement
which, in the opinion of such firm, are material, except for such
items of noncompliance as shall be set forth in such report. In
rendering such report, such firm may rely, as to matters relating
to direct servicing of Mortgage Loans by any Primary Servicer,
upon comparable reports of independent public accountants with
respect to such Primary Servicer.
Section 3.14. Access to Certain Documentation and
Information Regarding the Mortgage Loans. To the extent permitted
by applicable law, the Company shall provide to the Trustee,
Certificateholders which are regulated insurance entities and the
applicable insurance regulatory agencies thereof,
Certificateholders which are federally insured savings and loan
associations, the Office of Thrift Supervision, the FDIC and the
supervisory agents and examiners thereof access to the
documentation regarding the Mortgage Loans required by applicable
regulations of the Office of Thrift Supervision or of such
insurance regulatory agencies, as the case may be, such access
being afforded without charge but only upon reasonable request
and during normal business hours at the offices of the Company.
Nothing in this Section 3.14 shall derogate from the obligation
of the Company to observe any applicable law prohibiting
disclosure of information regarding the Mortgagors and the
failure of the Company to provide access as provided in this
Section 3.14 as a result of such obligation shall not constitute
a breach of this Section 3.14.
Section 3.15. Maintenance of Certain Servicing
Policies. The Company shall during the term of its service as
servicer maintain in force (i) a policy or policies of insurance
covering errors and omissions in the performance of its
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obligations as servicer hereunder and (ii) a fidelity bond in
respect of its officers, employees or agents. Each such policy or
policies and bond shall, together, comply with the requirements
from time to time of FNMA for persons performing servicing for
mortgage loans purchased by such association.
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Section 3.16. Optional Purchase of Defaulted Mortgage
Loans. The Company shall have the right, but not the obligation,
to purchase any Defaulted Mortgage Loan for a price equal to the
Purchase Price therefor. Any such purchase shall be accomplished
as provided in Section 4.04(a) hereof.
Section 3.17. The Reserve Fund. (a) State Street Bank
and Trust Company, not in its capacity as Trustee hereunder, is
hereby appointed, and does hereby accept such appointment, to
serve as custodian (the "Custodian") of the assets included in
the Reserve Fund created by this Section 3.17. On or prior to the
Closing Date, the Custodian shall establish a segregated,
interest bearing corporate trust account in its corporate trust
department (such account, the "Reserve Fund"). The Reserve Fund
shall have the characteristics set forth in this Section 3.17 and
shall be held by the Custodian solely for the benefit of the
Holders of the Reserve Fund Eligible Certificates and, to the
extent of their interest in the assets of the Reserve Fund as
described in Section 4.01(g), Holders of the other Classes of
Senior Certificates and Greenwich Capital Markets, Inc. The
Reserve Fund shall not be included in the Trust Fund, nor shall
it be an asset of any REMIC created hereunder. Greenwich Capital
Markets, Inc. will be the beneficial owner of the Reserve Fund
for federal, state and local income tax purposes. Greenwich
Capital Markets, Inc. will report all income, gain, deduction or
loss with respect thereto. In acting as Custodian with respect to
the Reserve Fund, the Custodian shall have all rights and
immunities of the Trustee under this Agreement and shall have
only such express duties as set forth in this Section 3.17.
(b) On or prior to the Closing Date, the Company, acting as
agent for the Reserve Fund Eligible Certificateholders and the
other Senior Certificateholders, shall transfer (or cause to be
transferred) the Reserve Fund Deposit to the Custodian for
deposit into the Reserve Fund. The Custodian shall invest amounts
in the Reserve Fund in any of the permitted investment funds set
forth on Exhibit M hereto. If any such investment fund is no
longer available, amounts in the Reserve Fund shall be invested
in a comparable investment fund rated by a Rating Agency in such
Rating Agency's highest short-term rating category. Earnings from
such investment shall be added to the balance of funds in the
Reserve Fund and shall be available for the payment of Draw
Amounts. Immediately upon notice of any loss resulting from any
such investment, Greenwich Capital Markets, Inc. shall deposit
into the Reserve Fund an amount sufficient to cover such loss.
Neither the Company, the Custodian, the Trustee nor any other
party shall be under any obligation to make any further deposits
into the Reserve Fund except as set forth above.
The transfer by (or on behalf of) the Company of the Reserve
Fund Deposit is an outright and unconditional assignment to the
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Custodian for the benefit of the Holders of the Reserve Fund
Eligible Certificates, the Holders of the other Senior
Certificates and the Class S Certificates of all of the Company's
right, title and interest in and to the Reserve Fund Deposit, and
is not in the nature of a pledge or similar arrangement. The
Reserve Fund shall not be an asset of the Company and the Company
shall have no legal or beneficial right thereto or interest
therein, except any that may arise by virtue of the Company's
becoming a Holder of a Reserve Fund Eligible Certificate or other
Senior Certificate.
The Reserve Fund Eligible Certificateholders and the other
Senior Certificateholders, by their acceptance of a Reserve Fund
Eligible Certificate or other Senior Certificate, appoint the
Company as their agent for the purpose of transferring (or
causing the transfer of) the Reserve Fund Deposit to the Trustee.
ARTICLE IV
PAYMENTS AND STATEMENTS
Section 4.01. Distributions. (a) On each Distribution
Date, the Trustee shall withdraw the Available Funds from the
Certificate Account and shall make distributions to Holders of
the Certificates as of the preceding Record Date in the following
order of priority, to the extent of the remaining Available
Funds:
(i) to each Class of Senior Certificates (other than
any Class of Principal Only Certificates) and the Class S
Certificates, the Accrued Certificate Interest thereon for
such Distribution Date; provided, however, that Accrued
Certificate Interest on the Class A9 and Class A10
Certificates for such Distribution Date shall be applied in
the manner provided in Section 4.01(e); and provided
further, that any shortfall in available amounts shall be
allocated among such Classes in proportion to the amount of
Accrued Certificate Interest that would otherwise be
distributable thereon or added to the Certificate Principal
Balance thereof;
(ii) to each Class of Senior Certificates (other than
any Class of Principal Only Certificates) and the Class S
Certificates, any related Unpaid Class Interest Shortfall
for such Distribution Date; provided, however, that any
Unpaid Class Interest Shortfall for the Class A9 and Class
A10 Certificates for such Distribution Date shall be
applied in the manner provided in Section 4.01(e); and
provided further, that any shortfall in available amounts
shall be allocated among such Classes in proportion to the
Unpaid
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Class Interest Shortfall for each such Class on such
Distribution Date;
(iii) to the Classes of Senior Certificates (other than
the Class A12, Class A18 and Class A19 Certificates), in
reduction of the Class Certificate Principal Balances
thereof, concurrently, as follows:
(A) to the Senior Certificates (other than the
Class A12, Class A18, Class A19 and Class PO
Certificates), the Senior Optimal Principal Amount for
such Distribution Date, concurrently, as follows:
(1) to the Category A Senior Certificates,
the Category A Senior Optimal Principal Amount
for such Distribution Date, in the following
order of priority:
(x) to the Scheduled Group Senior
Certificates, up to the amount necessary to
reduce the aggregate Class Certificate
Principal Balance of such Certificates to
the Aggregate Scheduled Senior Balance for
such Distribution Date, in the following
order of priority:
(I) to the Type I PAC
Certificates, as a group, up to the
amount necessary to reduce the
aggregate Class Certificate Principal
Balance of such Certificates to the
Aggregate Type I PAC Balance for such
Distribution Date, in the following
order of priority:
first, to the Class A2
Certificates, until the Class
Certificate Principal Balance
thereof has been reduced to zero;
second, to the Class A13
Certificates, until the Class
Certificate Principal Balance
thereof has been reduced to zero;
third, to the Class A3
Certificates, until the Class
Certificate Principal Balance
thereof has been reduced to zero;
fourth, to the Class A4
Certificates, until the Class
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Certificate Principal Balance
thereof has been reduced to zero;
and
fifth, to the Class A5
Certificates, until the Class
Certificate Principal Balance
thereof has been reduced to zero;
(II) to the Type II PAC
Certificates, up to the amount
necessary to reduce the Class
Certificate Principal Balance of such
Certificates to the Aggregate Type II
PAC Balance for such Distribution Date;
(III) sequentially, to the Class
A7 and Class A10 Certificates, in that
order, until the Class Certificate
Principal Balance of each such Class
has been reduced to zero, such that no
amounts pursuant to this clause shall
be distributed to the Class A10
Certificates until the Class
Certificate Principal Balance of the
Class A7 Certificates has been reduced
to zero;
(IV) to the Type II PAC
Certificates, without regard to the
Aggregate Type II PAC Balance, until
the Class Certificate Principal Balance
of the Type II PAC Certificates has
been reduced to zero;
(V) sequentially, to the Class A2,
Class A13, Class A3, Class A4 and Class
A5 Certificates, in that order, without
regard to the Aggregate Type I PAC
Balance, until the Class Certificate
Principal Balance of each such Class
has been reduced to zero; and
(VI) to the Class A11
Certificates, until the Class
Certificate Principal Balance thereof
has been reduced to zero;
(y) concurrently, to the Class A14 and
Class A15 Certificates, in proportion to
their respective Class Certificate Principal
Balances, until the Class Certificate
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Principal Balance of each such Class has been
reduced to zero; and
(z) to the Scheduled Group Senior
Certificates, in the order of priority set
forth in Section 4.01(a)(iii)(A)(1)(x),
without regard to the Aggregate Scheduled
Senior Balance, until the Class Certificate
Principal Balance of each such Class of
Certificates has been reduced to zero; and
(2) to the Category B Senior Certificates,
the Category B Senior Optimal Principal Amount
for such Distribution Date, concurrently, as
follows:
(x) to the Category B Group I Senior
Certificates, the Category B Group I Senior
Optimal Principal Amount for such
Distribution Date, concurrently, as follows:
(I) sequentially, to the Class A8
and Class A9 Certificates, in that
order, 35.4639262% of the Category B
Group I Senior Optimal Principal
Amount, until the Class Certificate
Principal Balance of each such Class
has been reduced to zero, such that no
amounts pursuant to this clause shall
be distributed to the Class A9
Certificates until the Class
Certificate Principal Balance of the
Class A8 Certificates has been reduced
to zero;
(II) to the Class A16, Class A17,
Class R and Class RL Certificates,
64.5360738% of the Category B Group I
Senior Optimal Principal Amount, in the
following order of priority:
first, on each Distribution
Date during or after October 2000,
to the Class A17 Certificates, an
amount equal to $30,000, until the
Class Certificate Principal
Balance thereof has been reduced
to zero;
second, concurrently, to the
Class A16, Class R and Class RL
Certificates, in proportion to
their respective Class Certificate
Principal Balances, until the
Class Certificate Principal
Balance of
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each such Class has been reduced to
zero; and
third, to the Class A17
Certificates, until the Class
Certificate Principal Balance
thereof has been reduced to zero;
(y) to the Category B Group II Senior
Certificates, the Category B Group II Senior
Optimal Principal Amount for such
Distribution Date, until the Class
Certificate Principal Balance thereof has
been reduced to zero;
(B) to the Class PO Certificates, the PO
Principal Distribution Amount for such Distribution
Date, until the Class Certificate Principal Balance
thereof has been reduced to zero;
(iv) to the Class PO Certificates, any Class PO
Deferred Amount for such Distribution Date, up to an amount
not to exceed the Junior Optimal Principal Amount for such
Distribution Date, until the Class Certificate Principal
Balance of such Class has been reduced to zero; provided,
that any such amounts distributed to the Class PO
Certificates pursuant to this clause (iv) shall not reduce
the Class Certificate Principal Balance thereof;
(v) to the Class M Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(vi) to the Class M Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(vii) to the Class M Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(viii) to the Class B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(ix) to the Class B1 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(x) to the Class B1 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
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(xi) to the Class B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xii) to the Class B2 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xiii) to the Class B2 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(xiv) to the Class B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xv) to the Class B3 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xvi) to the Class B3 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(xvii) to the Class B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xviii) to the Class B4 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xix) to the Class B4 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(xx) to the Class B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xxi) to the Class B5 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date; and
(xxii) to the Class B5 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date.
Notwithstanding the foregoing, amounts otherwise distributable
pursuant to clauses (vii), (x), (xiii), (xvi), (xix) and (xxii)
on any Distribution Date shall be reduced, in inverse order of
priority, by any amount distributed pursuant to clause (iv) on
such date, such that such amount distributed pursuant to clause
(iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent
of any excess, applied second, to reduce the amount distributable
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pursuant to clause (xix), third, to reduce the amount
distributable pursuant to clause (xvi), fourth, to reduce the
amount distributable pursuant to clause (xiii), fifth, to reduce
the amount distributable pursuant to clause (x) and sixth, to
reduce the amount distributable pursuant to clause (vii).
(b) On each Distribution Date, the Trustee shall
distribute to the holder of the Class R Certificate any remaining
amounts in the Upper Tier REMIC for such Distribution Date after
application of all amounts described in clause (a) of this
Section 4.01. Any distributions pursuant to this clause (b) shall
not reduce the Class Certificate Principal Balance of the Class R
Certificate.
(c) If on any Distribution Date the Class Certificate
Principal Balances of the Junior Certificates have each been
reduced to zero, the amount distributable to the Senior
Certificates other than the Class PO Certificates pursuant to
Section 4.01(a)(iii)(A) for such Distribution Date and each
succeeding Distribution Date shall be allocated among such
Classes of Senior Certificates, pro rata, on the basis of their
respective Class Certificate Principal Balances immediately prior
to such Distribution Date, regardless of the priorities and
amounts set forth in Section 4.01(a)(iii)(A).
(d) If on any Distribution Date (i) the Class
Certificate Principal Balance of the Class M Certificates or any
Class of Class B Certificates for which the related Prepayment
Distribution Trigger was satisfied on such Distribution Date is
reduced to zero and (ii) amounts distributable pursuant to
clauses (ii), (iv) and (v) of the Junior Optimal Principal Amount
remain undistributed on such Distribution Date after all amounts
otherwise distributable on such date pursuant to clauses (iv)
through (xxii) of Section 4.01(a) have been distributed, such
amounts shall be distributed on such Distribution Date to the
remaining Classes of Junior Certificates in order of priority,
such that no such distribution shall be made to any Class of
Junior Certificates while a prior such Class is outstanding.
(e)(i) On each Distribution Date through the related
Accretion Termination Date, amounts allocable to the Class A9
Certificates pursuant to clauses (a)(i) and (a)(ii) of this
Section 4.01 shall not be distributable to the Class A9
Certificates pursuant to such clauses but shall instead be (i)
added to the Class Certificate Principal Balance thereof to the
extent of the Accrual Amount for the Class A9 Certificates for
such Distribution Date, and (ii) distributed to the following
Classes of Certificates, before any distributions are made
pursuant to Section 4.01(a)(iii), in the following order of
priority:
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first, to the Class A8 Certificates, in reduction of
the Class Certificate Principal Balance thereof, until the
Class Certificate Principal Balance thereof has been
reduced to zero; and
second, to the Class A9 Certificates, as Accrued
Certificate Interest thereon.
(ii) On each Distribution Date through the related
Accretion Termination Date, amounts allocable to the Class A10
Certificates pursuant to clauses (a)(i) and (a)(ii) of this
Section 4.01 shall not be distributable to the Class A10
Certificates pursuant to such clauses but shall instead be (i)
added to the Class Certificate Principal Balance thereof to the
extent of the Accrual Amount for the Class A10 Certificates for
such Distribution Date, and (ii) distributed to the following
Classes of Certificates, before any distributions are made
pursuant to Section 4.01(a)(iii), in the following order of
priority:
first, to the Class A7 Certificates, in reduction of
the Class Certificate Principal Balance thereof, until the
Class Certificate Principal Balance thereof has been
reduced to zero; and
second, to the Class A10 Certificates, as Accrued
Certificate Interest thereon.
On each Distribution Date occurring after the related
Accretion Termination Date, amounts allocable to the Class A9 and
Class A10 Certificates pursuant to clauses (a)(i) and (a)(ii) of
this Section 4.01 shall be distributable on such Distribution
Date pursuant to such clauses to Holders of the Class A9 and
Class A10 Certificates as Accrued Certificate Interest.
(f) (i) On each Distribution Date prior to the
CrossOver Date, distributions in reduction of the Class
Certificate Principal Balance of the Class A17 Certificates will
be made in accordance with the provisions of Section 4.10.
Upon the earlier of the Cross-Over Date and the next
Distribution Date after the Distribution Date on which the Class
Certificate Principal Balance of the Class A17 Certificates has
been reduced to zero, (x) to the extent the balance of funds
remaining in the Rounding Account is less than $999.99, the
balance in the Rounding Account shall be restored to $999.99 (or,
if less, the sum of such remaining balance and the amount so
distributable) from Available Funds otherwise available for
distribution and (y) the Rounding Account shall be cleared and
terminated, and the amounts therein shall be distributed to the
Class R Certificates on such date (which distribution shall not
reduce the Class Certificate Principal Balance thereof).
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(ii) As provided in Section 4.10(e),
notwithstanding any provisions herein to the contrary, on the
Cross-Over Date and on each subsequent Distribution Date,
distributions in reduction of the Class Certificate Principal
Balance of the Class A17 Certificates shall be made on a pro rata
basis among the outstanding Certificates of such Class, based on
the Percentage Interest in such Class represented by each
Certificate. The Trustee shall notify the Depository prior to the
first Distribution Date on which distributions in respect of
principal on the Class A17 Certificates are to be made on a pro
rata basis in accordance with the preceding sentence. On the
Cross-Over Date and on each subsequent Distribution Date, the
Trustee shall not, and the Depository is not authorized to, make
distributions or payments in respect of the Class A17
Certificates in accordance with any Principal Distribution
Request or by Random Lot.
(g) On each Distribution Date on or prior to the
Cross-Over Date, the Trustee shall withdraw the Draw Amount, if
any, for such date for the Reserve Fund Eligible Certificates
from the Reserve Fund and shall distribute such amounts to the
Reserve Fund Eligible Certificates, as part of the distribution
of interest thereon; provided that any such distribution shall be
in addition to the Accrued Certificate Interest on such
Certificates for such date.
On any Distribution Date after the Cross-Over Date, any
amounts remaining in the Reserve Fund shall be distributed to the
Classes of Senior Certificates (other than any Class of Principal
Only Certificates) and the Class S Certificates to the extent of
and in proportion to any Adjusted Net Interest Shortfall
allocable to each such Class of Certificates for such date, as
part of the distribution of interest thereon; provided that any
such distribution shall be in addition to the Accrued Certificate
Interest on each such Class for such date.
Amounts distributed under this Section 4.01(g) to the
Reserve Fund Eligible Certificates, the Senior Certificates or
the Class S Certificates shall be treated as having been
contributed to the Lower Tier REMIC and then paid to the Upper
Tier REMIC in respect of the related Lower Tier Interests and
then paid to the Holders of such Certificates.
If on any Distribution Date on or prior to the Cross-Over
Date the Class Certificate Principal Balance of the Reserve Fund
Eligible Certificates has been reduced to zero, or if on any
Distribution Date after the Cross-Over Date the Class Certificate
Principal Balances of all Classes of Senior Certificates have
been reduced to zero, the Trustee shall distribute to Greenwich
Capital Markets, Inc. any other amounts remaining in the Reserve
Fund after the distribution of any other required amounts
pursuant to this clause (g) for such Distribution Date.
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Section 4.02. Method of Distribution. (a) Except as
set forth in Section 4.10 in respect of the Class A17
Certificates, all distributions with respect to each Class of
Certificates on each Distribution Date shall be made pro rata
among the outstanding Certificates of such Class, based on the
Percentage Interest in such Class represented by each
Certificate. Payments to the Certificateholders on each
Distribution Date will be made by the Trustee to the
Certificateholders of record on the related Record Date (other
than as provided in Section 9.01 respecting the final
distribution) by check or money order mailed to a
Certificateholder at the address appearing in the Certificate
Register, or upon written request by such Certificateholder to
the Trustee made not later than the applicable Record Date, by
wire transfer to a U.S. depository institution acceptable to the
Trustee, or by such other means of payment as such
Certificateholder and the Trustee shall agree.
(b) Each distribution with respect to a Book-Entry
Certificate shall be paid to the Depository, which shall credit
the amount of such distribution to the accounts of its Depository
Participants in accordance with its normal procedures. Each
Depository Participant shall be responsible for disbursing such
distribution to the Certificate Owners that it represents and to
each Financial Intermediary for which it acts as agent. Each
Financial Intermediary shall be responsible for disbursing funds
to the Certificate Owners that it represents. Except as otherwise
provided in Section 4.10(g), the Depository shall be responsible
for the allocation of the aggregate amount of distributions in
reduction of the Class Certificate Principal Balance of the Class
A17 Certificates among the Depository Participants in accordance
with Section 4.10, and each Depository Participant (and each
respective Financial Intermediary for which such Depository
Participant acts as agent) shall be responsible for the
allocation of the amount allocated thereto among the related
Certificate Owners. All such credits and disbursements with
respect to a Book-Entry Certificate are to be made by the
Depository and the Depository Participants in accordance with the
provisions of the applicable Certificates. Neither the Trustee
nor the Company shall have any responsibility therefor except as
otherwise provided by applicable law.
(c) The Trustee shall withhold or cause to be withheld
such amounts as it reasonably determines are required by the Code
(giving full effect to any exemptions from withholding and
related certifications required to be furnished by
Certificateholders or Certificate Owners and any reductions to
withholding by virtue of any bilateral tax treaties and any
applicable certification required to be furnished by
Certificateholders or Certificate Owners with respect thereto)
from distributions to be made to Non-U.S. Persons. If the Trustee
reasonably determines that a more accurate determination
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of the amount required to be withheld for a distribution can be
made within a reasonable period after the scheduled date for such
distribution, it may hold such distribution in trust for a holder
of a Residual Certificate until such determination can be made.
For the purposes of this paragraph, a "Non-U.S. Person" is (i) an
individual other than a citizen or resident of the United States,
(ii) a partnership, corporation or entity treated as a
partnership or corporation for U.S. federal income tax purposes
not formed under the laws of the United States, any state thereof
or the District of Columbia (unless, in the case of a
partnership, Treasury regulations provide otherwise), (iii) any
estate, the income of which is not subject to U.S. federal income
taxation, regardless of source, and (iv) any trust, other than a
trust that a court within the United States is able to exercise
primary supervision over the administration of the trust and one
or more U.S. Persons have the authority to control all
substantial decisions of the trust.
Section 4.03. Allocation of Losses. (a) On or prior to
each Determination Date, the Company shall determine the amount
of any Realized Loss in respect of each Mortgage Loan that
occurred during the immediately preceding calendar month.
(b) With respect to any Distribution Date, the
principal portion of each Realized Loss (other than any Excess
Loss) shall be allocated as follows:
(i) the applicable PO Percentage of the principal
portion of any such Realized Loss shall be allocated to the
Class PO Certificates until the Class Certificate Principal
Balance thereof has been reduced to zero; and
(ii) the applicable Non-PO Percentage of the principal
portion of any such Realized Loss shall be allocated in the
following order of priority:
first, to the Class B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
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fifth, to the Class B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
sixth, to the Class M Certificates until the Class
Certificate Principal Balance thereof has been reduced
to zero; and
seventh, to the Classes of Senior Certificates
other than the Class PO Certificates, pro rata, in
accordance with their Class Certificate Principal
Balances; provided, that any such loss allocated to
any Class of Accrual Certificates shall be allocated
on the basis of the lesser of (x) the Class
Certificate Principal Balance thereof immediately
prior to the applicable Distribution Date and (y) the
Class Certificate Principal Balance thereof on the
Closing Date (as reduced by any Realized Losses
previously allocated thereto).
(c) With respect to any Distribution Date, the
principal portion of any Excess Loss (other than Excess
Bankruptcy Losses attributable to Debt Service Reductions) shall
be allocated as follows: (1) the PO Percentage of any such loss
shall be allocated to the Class PO Certificates, and (2) the
Non-PO Percentage of any such loss shall be allocated to each
Class of Certificates other than the Class PO Certificates, pro
rata, based on the respective Class Certificate Principal
Balances thereof; provided, that any such loss allocated to any
Class of Accrual Certificates shall be allocated on the basis of
the lesser of (x) the Class Certificate Principal Balance thereof
immediately prior to the applicable Distribution Date and (y) the
Class Certificate Principal Balance thereof on the Closing Date
(as reduced by any Realized Losses previously allocated thereto).
(d) Any Realized Losses allocated to a Class of
Certificates pursuant to Section 4.03(b) or (c) shall be
allocated among the Certificates of such Class in proportion to
their respective Certificate Principal Balances. In addition, any
Realized Losses allocated to any Class of Component Certificates
on a Distribution Date shall be allocated in reduction of the
Component Principal Balances of the related Components (other
than any Notional Component) in proportion to their respective
Component Principal Balances immediately prior to such
Distribution Date. Any allocation of Realized Losses pursuant to
this paragraph (d) shall be accomplished by reducing the
Certificate Principal Balance (or, in the case of any Component,
the Component Principal Balance) of the related Certificates (or
Components) on the related Distribution Date in accordance with
Section 4.03(e).
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(e) Realized Losses allocated in accordance with this
Section 4.03 shall be allocated on the Distribution Date in the
month following the month in which such loss was incurred and, in
the case of the principal portion thereof, after giving effect to
distributions made on such Distribution Date, except that the
aggregate amount of Realized Losses to be allocated to the Class
PO Certificates on such Distribution Date will be taken into
account in determining distributions in respect of any Class PO
Deferred Amount for such date.
(f) On each Distribution Date, the Company shall
determine the Subordinate Certificate Writedown Amount, if any.
Any such Subordinate Certificate Writedown Amount shall effect a
corresponding reduction in the Certificate Principal Balance of
the Subordinate Certificates, which reduction shall occur on such
Distribution Date after giving effect to distributions made on
such Distribution Date.
(g) Notwithstanding the foregoing, no such allocation
of any Realized Loss shall be made on a Distribution Date to a
Class of Certificates to the extent that such allocation would
result in the reduction of the aggregate Certificate Principal
Balances of all the Certificates as of such Distribution Date,
after giving effect to all distributions and prior allocations of
Realized Losses on such date, to an amount less than the
aggregate Scheduled Principal Balance of the Mortgage Loans as of
the first day of the month of such Distribution Date, less any
Deficient Valuations occurring on or prior to the Bankruptcy
Coverage Termination Date (such limitation, the "Loss Allocation
Limitation").
(h) Any allocation of a Realized Loss to a Class of
Certificates (or Component), or of any Subordinate Certificate
Writedown Amount to a Class of Subordinate Certificates, pursuant
to this Section 4.03 shall effect a corresponding allocation
thereof to the corresponding Class of Lower Tier Interests and,
in the case of the principal portion of any such Realized Loss
and any such Subordinate Certificate Writedown Amount, a
corresponding reduction in the related Lower Tier Balance
thereof.
Section 4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans. (a) The Company shall be required to make Monthly
Advances in the manner and to the extent provided herein. Prior
to the close of business on each Determination Date, the Company
shall determine (i) the amount of the Monthly Advance which it is
required to make on the related Distribution Date and (ii)
whether it has elected to purchase any Defaulted Mortgage Loan or
Loans on such Distribution Date. If the Company so elects to
purchase any Defaulted Mortgage Loans (or is required to purchase
any Mortgage Loan pursuant to Section 2.02 or 2.03(a) or purchase
any Modified Mortgage Loan pursuant to Section
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3.01(c)), no Monthly Advance shall be required with respect
thereto for the month in which such purchase occurs (or, in the
case of a purchase of a Modified Mortgage Loan, in the month in
which the Purchase Price thereof is required to be deposited in
the Certificate Account). The Company shall include information
as to each of such determinations in the Servicer's Certificate
furnished by it to the Trustee in accordance with Section 4.06
and shall be obligated to deposit in the Certificate Account
pursuant to Section 3.02(d) on or before 11:00 a.m. New York time
on the Business Day next preceding the following Distribution
Date the respective amounts applicable to such determinations
appearing in such Servicer's Certificate. Upon receipt by the
Trustee of written notification signed by a Servicing Officer of
any such deposit relating to the purchase by the Company of such
a Mortgage Loan, the Trustee shall release to the Company the
related Mortgage File and shall execute and deliver such
instruments of transfer or assignment, in each case without
recourse, as shall be necessary to vest in the Company any
Mortgage Loan released pursuant hereto.
(b) In the event that the Company deposits or expects
to deposit less than the Available Funds required to be deposited
by it pursuant to Section 3.02(d), the Company shall so notify
the Trustee no later than 9:00 a.m. on the Business Day preceding
the related Distribution Date, and the amount so deposited, if
any, shall be deemed to have been deposited first pursuant to
clause (i) of the definition of Available Funds, second pursuant
to clause (iii) of the definition of Available Funds, and third
pursuant to clause (ii) of the definition of Available Funds.
Such notice shall specify each Mortgage Loan delinquent as of the
preceding Determination Date. In such event, the Trustee shall
make any Monthly Advance required to be made hereunder, in the
manner and to the extent required; provided, the Trustee shall
not be so obligated if prohibited by applicable law.
(c) In the event that the Company is succeeded
hereunder as servicer, the obligation to make Monthly Advances in
the manner and to the extent required by Section 4.04(a) shall be
assumed by the successor servicer (subject to Section 7.02).
Section 4.05. Statements to Certificateholders. (a)
Each month, at least two Business Days prior to each Distribution
Date, the Company shall deliver to the Trustee for mailing to
each Certificateholder, and the Trustee shall mail to each
Certificateholder on such Distribution Date, a statement (each, a
"Distribution Date Statement") substantially in the form of
Exhibit J hereto, setting forth:
(i) The amount of such distribution to the
Certificateholders of each Class (and in respect of any
Component), other than any Notional Certificates (and any
Notional Component), allocable to principal, separately
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identifying the aggregate amount of any Principal
Prepay-ments included therein (including, for this purpose,
the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03(b) or 3.16, respectively, and any
amounts deposited pursuant to Section 2.03(b) in connection
with the substitution of any Mortgage Loans pursuant to
Section 2.02 or 2.03(a), the proceeds of which purchases or
substitutions are being distributed on such Distribution
Date);
(ii) The amount of such distribution to the
Certificateholders of each Class (other than any Class of
Principal Only Certificates) allocable to interest,
including any Accrual Amount added to the Class Certificate
Principal Balance of any Class of Accrual Certificates(or
the Component Principal Balance of any Accrual Component);
(iii) The amount of servicing compensation paid to the
Company during the month preceding the month of
distribution in respect of the Mortgage Loans and such
other customary information as the Company deems necessary
or desirable to enable Certificateholders to prepare their
tax returns;
(iv) The Pool Scheduled Principal Balance and the
aggregate number of the Mortgage Loans on the preceding Due
Date after giving effect to all distributions allocable to
principal made on such Distribution Date;
(v) The Class Certificate Principal Balance (or
Notional Principal Balance) of each Class and the
Certificate Principal Balance (or Notional Principal
Balance) of a Single Certificate of each Class after giving
effect to (i) all distributions allocable to principal (or
reductions in the Notional Principal Balance, in the case
of the Notional Certificates, or the addition of any
Accrual Amount, in the case of any Class of Accrual
Certificates or Accrual Component) made on such
Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Certificate Writedown Amount for
such Distribution Date;
(vi) The Pay-out Rate applicable to each Class of
Certificates;
(vii) The book value and unpaid principal balance of any
real estate acquired on behalf of Certificateholders
through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan, and the
number of the related Mortgage Loans;
(viii) The aggregate Scheduled Principal Balances and
number of Mortgage Loans which, as of the close of business
on the last day of the month preceding the related
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Distribution Date, were (a) delinquent as to a total of (x)
30-59 days, (y) 60-89 days and (z) 90 days or more, and (b)
in foreclosure;
(ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of any
Modified Mortgage Loan purchased pursuant to Section
3.01(c);
(x) The Certificate Interest Rates of any LIBOR
Certificates, any COFI Certificates and the Class S
Certificates applicable to the Interest Accrual Period
relating to such Distribution Date and such Class;
(xi) The Senior Percentage, Category B Group I Senior
Percentage, Category B Group II Senior Percentage and Junior
Percentage for such Distribution Date; and
(xii) The Senior Prepayment Percentage, Category B
Group I Senior Prepayment Percentage and Junior Prepayment
Percentage for such Distribution Date.
In the case of information furnished pursuant to
clauses (i) through (iii) above, the amounts shall be expressed
as a dollar amount per Single Certificate.
In connection with any proposed transfer of a
Certificate that is purported to be made in reliance on Rule 144A
under the Securities Act, the Company shall be responsible for
furnishing such information as may be required thereunder to a
proposed transferee. In furtherance of the Company's obligations
hereunder, the Company hereby instructs the Trustee, at the
Company's expense and on its behalf, and the Trustee agrees, to
promptly make available to the proposed transferee, upon request
of the holder, (i) all statements furnished to Certificateholders
pursuant to this Section 4.05(a) on previous Distribution Dates,
(ii) all certificates furnished to the Trustee pursuant to
Section 4.06 in prior months, (iii) Officer's Certificates
furnished to the Trustee pursuant to Section 3.12 for the two
years preceding such request, (iv) reports of independent
accountants furnished to the Trustee pursuant to Section 3.13 for
the two years preceding such request, (v) a copy of the Private
Placement Memorandum relating to such Certificate, together with
any amendments or supplements thereto issued by the Company
(which copy shall be furnished to the Trustee by the Company),
and (vi) the Company's Current Report on Form 8-K, dated the
Closing Date, relating to the Mortgage Loans; provided, however,
that the Trustee shall in no event be required to make available
such statements or certificates pursuant to clauses (i) and (ii)
above relating to Distribution Dates occurring more than
twenty-four months preceding the month in which such request was
received; provided, further, however, that notwithstanding the
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Trustee's agreement as aforesaid to provide such materials to a
proposed transferee, the Trustee does not assume, and shall not
thereby be deemed to have assumed, any responsibility for
compliance by the Company with Rule 144A (subject to the
Trustee's agreement set forth in the second sentence of this
paragraph) and shall be entitled to include a notice with such
statements or certificates to the effect that such materials have
not been prepared or assembled by the Trustee and that the
Trustee assumes no responsibility for the adequacy, sufficiency
or contents thereof. In connection with any such proposed
transfer, the Company shall make available to the proposed
holder, at the request of the related transferor, such additional
information, if any, as may be required to be delivered pursuant
to Rule 144A(d)(4).
(b) On or prior to January 20th of each year,
commencing in 1998, the Company shall furnish to the Trustee for
mailing to each Person who at any time during the previous
calendar year was a Certificateholder a statement containing
information required to be provided pursuant to the Code.
Section 4.06. Servicer's Certificate. Each month, not
later than the second Business Day next preceding each
Distribution Date, the Company shall deliver to the Trustee a
completed Servicer's Certificate.
Section 4.07. Reports of Foreclosures and Abandonments
of Mortgaged Property. The Trustee (or the Company on behalf of
the Trustee) shall, in each year beginning after 1997, make the
reports of foreclosures and abandonments of any Mortgaged
Property as required by section 6050J of the Code. In order to
facilitate this reporting process, the Company, on or before
January 15th of each year, shall provide to the Trustee reports
relating to each instance occurring during the previous calendar
year in which the Company (i) on behalf of the Trustee acquires
an interest in a Mortgaged Property through foreclosure or other
comparable conversion in full or partial satisfaction of a
Mortgage Loan, or (ii) knows or has reason to know that a
Mortgaged Property has been abandoned. Reports from the Company
shall be in form and substance sufficient to meet the reporting
requirements imposed by section 6050J of the Code.
Section 4.08. Reduction of Servicing Fees by
Compensating Interest Payments. The aggregate amount of the
Servicing Fees subject to retention by the Company as servicer in
respect of any Distribution Date shall be reduced by the amount
of any Compensating Interest Payment for such Distribution Date.
Section 4.09. Surety Bond. (a) If a Required Surety
Payment is payable pursuant to the Surety Bond with respect to
any Pledged Asset Mortgage Loan, the Company shall so notify the
Trustee as soon as reasonably practicable and shall, on behalf of
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the Trustee for the benefit of the Certificateholders, promptly
complete the notice in the form of Attachment 1 to the Surety
Bond and shall promptly submit such notice to the Surety as a
claim for a Required Surety Payment.
(b) Upon receipt of a Required Surety Payment from the
Surety on behalf of the Certificateholders, the Company shall
promptly credit the Mortgage Loan Payment Record and shall
distribute such Required Surety Payment, or the proceeds thereof,
in accordance with the provisions of Section 4.01.
Section 4.10. Distributions to Holders of Class A17
Certificates. (a) Except as provided in subsections (d) and (f)
below, on each Distribution Date on which distributions in
reduction of the Class Certificate Principal Balance of the Class
A17 Certificates are made, such distributions will be made in the
following order of priority:
(i) in respect of any Principal Distribution Request
by the personal representative of a Deceased Holder, a
surviving tenant by the entirety, a surviving joint tenant,
a surviving tenant in common or such other Person empowered
to act on behalf of such Deceased Holder upon his or her
death, in an amount up to but not exceeding $100,000 per
request; and
(ii) in respect of any Principal Distribution Request
by a Living Holder, in an amount up to but not exceeding
$10,000 per request.
Thereafter, distributions will be made as provided in
clauses (i) and (ii) above up to a second $100,000 and $10,000
per request, respectively. This sequence of priorities will be
repeated until all such requests have been honored to the extent
of amounts available for distribution in reduction of the Class
Certificate Principal Balance of the Class A17 Certificates.
Principal Distribution Requests presented on behalf of
Deceased Holders in accordance with the provisions of clause (i)
above will be accepted in the order of their receipt by the
Depository. Principal Distribution Requests presented in
accordance with the provisions of clause (ii) above will be
accepted in the order of priority established by the random lot
procedures of the Depository after all requests presented in
accordance with clause (i) have been honored. All Principal
Distribution Requests with respect to any Distribution Date shall
be made in accordance with Section 4.10(c) below and must be
received by the Depository no later than the close of business on
the related Record Date. Principal Distribution Requests that are
received by the Depository after the related Record Date and
requests, in either case, for distributions timely received but
not accepted with respect to any Distribution Date, will be
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treated as Principal Distribution Requests on the next succeeding
Distribution Date, and each succeeding Distribution Date
thereafter, until each such request is accepted or is withdrawn
as provided in Section 4.10(c). Requests on behalf of Deceased
Holders that are not so withdrawn shall retain their order of
priority, all in accordance with the procedures of the Depository
and the Trustee. Upon the transfer of beneficial ownership of any
Class A17 Certificate, any Principal Distribution Request
previously submitted with respect to such Certificate will be
deemed to have been withdrawn only upon the receipt by the
Trustee of notification of such withdrawal using a form required
by the Depository.
Principal Distribution Requests will be applied, in the
aggregate, to the Class A17 Certificates in an amount equal to
the portion of the Available Funds distributable to the Class A17
Certificates pursuant to Section 4.01(a)(iii), plus any amounts
available for distribution from the Rounding Account pursuant to
Section 4.10(e), provided that the aggregate distribution in
reduction of the Class Certificate Principal Balance of the Class
A17 Certificates on any Distribution Date shall be made in an
integral multiple of $1,000, subject to Section 4.10(f).
(b) A "Deceased Holder" is a beneficial owner of a Class
A17 Certificate who was living at the time such interest was
acquired and whose authorized personal representative, surviving
tenant by the entirety, surviving joint tenant or surviving
tenant in common or other Person empowered to act on behalf of
such beneficial owner upon his or her death, causes to be
furnished to the Trustee a certified copy of the death
certificate of such Deceased Holder, evidence of such person's
status as an authorized representative of the Deceased Holder,
such as surviving tenant (whether by the entirety, joint tenancy
or tenancy in common), which evidence shall be satisfactory to
the Trustee, and any additional evidence of death required by and
satisfactory to the Trustee and any tax waivers requested by the
Trustee. Class A17 Certificates beneficially owned by tenants by
the entirety, joint tenants or tenants in common will be
considered to be beneficially owned by a single owner. The death
of a tenant by the entirety, joint tenant or tenant in common
will be deemed to be the death of the beneficial owner, and any
Class A17 Certificates so beneficially owned will be eligible for
priority with respect to distributions in reduction of the Class
Certificate Principal Balance of such Class A17 Certificates,
subject to the limitations contained in this Section 4.10. Class
A17 Certificates beneficially owned by a trust will be considered
to be beneficially owned by each beneficiary of the trust to the
extent of such beneficiary's beneficial interest therein, but in
no event will a trust's beneficiaries collectively be deemed to
be beneficial owners of a number of individual Class A17
Certificates greater than the number of individual Class A17
Certificates of which such trust is the beneficial owner. The
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death of a beneficiary of a trust will be deemed to be the death
of a beneficial owner of the Class A17 Certificates beneficially
owned by the trust to the extent of such beneficiary's beneficial
interest in such trust. The death of an individual who was a
tenant by the entirety, joint tenant or tenant in common in a
tenancy that is the beneficiary of a trust will be deemed to be
the death of the beneficiary of the trust. The death of a person
who, immediately prior to his or her death, was entitled to
substantially all of the beneficial ownership interests in Class
A17 Certificates will be deemed to be the death of the beneficial
owner of such Class A17 Certificates regardless of the
registration of ownership of such Class A17 Certificates, if such
beneficial interest can be established to the satisfaction of the
Trustee. The Trustee's decision regarding whether a Deceased
Holder's beneficial interest is substantial for purposes of the
preceding sentence shall be conclusive and binding. Such
beneficial interest will be deemed to exist in typical cases of
street name or nominee ownership, ownership by a trustee,
ownership under the Uniform Gifts to Minors Act and community
property or other joint ownership arrangements between a husband
and wife. Beneficial interests shall include the power to sell,
transfer or otherwise dispose of a Class A17 Certificate and the
right to receive the proceeds therefrom, as well as interest and
distributions in reduction of the Certificate Principal Balance
of the Class A17 Certificates payable with respect thereto. The
Trustee shall not be under any duty to determine independently
the occurrence of the death of any beneficial owner. The Trustee
may rely entirely upon documentation delivered to it in
establishing the eligibility of any beneficial owner to receive
the priority accorded Deceased Holders in Section 4.10(a).
Expenses incurred by the Trustee in an effort to determine the
beneficial ownership interest with respect to any Principal
Distribution Request presented on behalf of a Deceased Holder,
including, without limitation, attorneys fees, shall be paid by
the Person presenting such Principal Distribution Request.
(c) Requests for distributions in reduction of the
Certificate Principal Balance of a Class A17 Certificate must be
made by delivering a Principal Distribution Request therefor to
the Depository Participant or Financial Intermediary that
maintains the account evidencing the beneficial owner's interest
in such Class A17 Certificate. Such Depository Participant or
Financial Intermediary should in turn make the request of the
Depository (or, in the case of an Financial Intermediary, such
Financial Intermediary should notify the related Depository
Participant of such request, which Depository Participant should
make the request of the Depository) on a form required by the
Depository and provided to the Depository Participant. In the
case of a request on behalf of a Deceased Holder, a certified
copy of the death certificate and any additional appropriate
evidence of death and any tax waivers must be forwarded to the
Trustee under separate cover. Furthermore, such requests of
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Deceased Holders that are incomplete may not be honored by the
Trustee and, if not honored, will lose their priority and must be
resubmitted. Upon receipt of such Principal Distribution Request,
the Depository will date and time stamp such request and forward
such request to the Trustee. Such requests will be honored on any
Distribution Date only to the extent that they are received by
the Depository on or before the Record Date for such Distribution
Date. The Depository may establish such procedures as it deems
fair and equitable to establish the order of receipt of requests
for such distributions received by it on the same day. Principal
Distribution Requests delivered to the Depository after the
Record Date for a particular Distribution Date and requests
received in a timely manner but not accepted with respect to a
particular Distribution Date will be treated as Principal
Distribution Requests for the next succeeding Distribution Date
and each succeeding Distribution Date thereafter until each
request is accepted or is withdrawn as provided below. In the
case of Principal Distribution Requests on behalf of Living
Holders, the Depository will establish a new order of priority
for each Distribution Date. This order will apply both to
previously unsatisfied Principal Distribution Requests and to
newly submitted requests. A Principal Distribution Request
submitted on behalf of a Living Holder who later dies will become
entitled to the priority of a newly submitted request on behalf
of a Deceased Holder upon satisfaction of the requirements set
forth above for requests of a Deceased Holder. Such priority will
be effective for each subsequent Distribution Date if the Trustee
has received a certified copy of the death certificate for such
Deceased Holder and any additional appropriate evidence of death
and any requested tax waivers by the last business day of the
preceding calendar month. Each Principal Distribution Request
submitted by a beneficial owner of a Class A17 Certificate will
be held by the Depository until such request has been accepted or
has been withdrawn in writing as described herein. Neither the
Trustee nor the Company shall be liable for any delay in delivery
of Principal Distribution Requests or Withdrawals (as defined
below) of such requests by the Depository, a Depository
Participant or any Financial Intermediary.
In the event that any Principal Distribution Requests
are rejected by the Trustee for failure to comply with the
requirements of this Section 4.10, the Trustee shall return such
requests to the appropriate Depository Participant with a copy to
the Depository with an explanation as to the reason for such
rejection.
The Trustee shall maintain a list of those Depository
Participants representing the Certificate Owners of Class A17
Certificates that have submitted Principal Distribution Requests,
together with the order of receipt and the amounts of such
requests. The Trustee shall notify the Depository and the
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appropriate Depository Participants as to which requests should
be honored on each Distribution Date. Requests shall be honored
by the Depository in accordance with the procedures, and subject
to the priorities and limitations, described in this Section
4.10. The exact procedures to be followed by the Trustee and the
Depository for purposes of determining such priorities and
limitations shall be those established from time to time by the
Trustee or the Depository, as the case may be. The decisions of
the Trustee and the Depository concerning such matters shall be
final and binding on all affected Persons.
Any beneficial owner of a Class A17 Certificate that
has made a Principal Distribution Request may withdraw its
request by so notifying in writing the Depository Participant or
Financial Intermediary that maintains such beneficial owner 's
account (each such withdrawal, a "Withdrawal"). The Depository
Participant should forward the Withdrawal to the Depository on a
form required by the Depository. In the event that such account
is maintained by a Financial Intermediary, such Financial
Intermediary should notify the related Depository Participant
which in turn should forward the Withdrawal of such request, on a
form required by the Depository, to the Depository. If such
Withdrawal has not been received by the Depository and forwarded
to the Trustee on or before the Record Date for the next
Distribution Date, the previously made Principal Distribution
Request will be irrevocable with respect to the making of
distributions in reduction of the Certificate Principal Balance
of such Class A17 Certificate on such Distribution Date.
(d) To the extent, if any, that amounts available for
distribution in reduction of the Class Certificate Principal
Balance of the Class A17 Certificates on a Distribution Date
exceed the dollar amount of Principal Distribution Requests that
have been received by the related Record Date, as provided in
Section 4.10(c) above, distributions in reduction of the Class
Certificate Principal Balance of the Class A17 Certificates will
be made by mandatory distributions on a Random Lot basis, in
integral multiples equal to $1,000, in reduction thereof without
regard to whether such Certificate Owners have submitted
Principal Distribution Requests. The Trustee shall notify the
Depository of the aggregate amount of the mandatory distribution
in reduction of the Class Certificate Principal Balance of the
Class A17 Certificates to be made on the next Distribution Date.
The Depository shall then allocate such aggregate amount among
its Depository Participants on a Random Lot basis. Each
Depository Participant and, in turn, each Financial Intermediary,
will then select, in accordance with its own procedures, Class
A17 Certificates from among those held in its accounts to receive
mandatory distributions in reduction of the Class Certificate
Principal Balance of the Class A17 Certificates, such that the
total amount so selected is equal to the aggregate amount of such
mandatory distributions allocated to such Depository Participant
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by the Depository and to such Financial Intermediary by its
related Depository Participant, as the case may be. Depository
Participants and Financial Intermediaries that hold Class A17
Certificates selected for mandatory distributions in reduction of
the Class Certificate Principal Balance thereof should provide
notice of such mandatory distributions to the affected
Certificate Owners.
(e) On the Closing Date, a Rounding Account shall be
established with the Trustee for the Class A17 Certificates, and
Greenwich Capital Markets, Inc. shall cause to be initially
deposited the sum of $999.99 in such Rounding Account. On each
Distribution Date on which a distribution is made in reduction of
the Class Certificate Principal Balance of the Class A17
Certificates, funds on deposit in the Rounding Account shall be,
to the extent needed, withdrawn by the Trustee and applied to
round upward to an integral multiple of $1,000 the aggregate
distribution in reduction of the Class Certificate Principal
Balance to be made on the Class A17 Certificates. Rounding of
such distribution on the Class A17 Certificates shall be
accomplished, on the first such Distribution Date, by withdrawing
from the Rounding Account the amount of funds, if any, needed to
round the amount otherwise available for such distribution in
reduction of the Class Certificate Principal Balance of the Class
A17 Certificates upward to the next integral multiple of $1,000.
On each succeeding Distribution Date on which distributions in
reduction of the Class Certificate Principal Balance of the Class
A17 Certificates are to be made, the aggregate amount of such
distributions allocable to the Class A17 Certificates shall be
applied first to repay any funds withdrawn from the Rounding
Account and not previously repaid, and then the remainder of such
allocable amount, if any, shall be similarly rounded upward to
the next integral multiple of $1,000 and applied as distributions
in reduction of the Class Certificate Principal Balance of the
Class A17 Certificates; this process shall continue on succeeding
Distribution Dates prior to the Cross-Over Date until the Class
Certificate Principal Balance of the Class A17 Certificates has
been reduced to zero. The Rounding Account shall be maintained as
a non-interest bearing account; the Rounding Account shall not be
an asset of the Trust Fund, but shall be an asset in the Lower
Tier REMIC.
(f) Notwithstanding any provisions herein to the contrary,
on each Distribution Date following the first Distribution Date
on or after the Cross-Over Date, all distributions in reduction
of the Class Certificate Principal Balance of any Class A17
Certificates will be made among the Holders and Certificate
Owners of such Class of Certificates, pro rata, based on their
Certificate Principal Balances, and will not be made in integral
multiples of $1,000 or pursuant to requested distributions or
mandatory distributions by Random Lot.
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(g) In the event that Definitive Certificates representing
the Class A17 Certificates are issued pursuant to Section
5.02(f), all requests for distributions or withdrawals of such
requests relating to such Class must be submitted to the Trustee,
and the Trustee shall perform the functions described in Section
4.10(a) through (d) using its own procedures, which procedures
shall, to the extent practicable, be consistent with the
procedures described in Section 4.10(a) through (d).
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ARTICLE V
THE CERTIFICATES
Section 5.01. The Certificates. (a) The Certificates
shall be substantially in the forms set forth in Exhibit A
hereto, as applicable, and shall, on original issue, be executed
by the Trustee, not in its individual capacity but solely as
Trustee, and countersigned and delivered by the Trustee to or
upon the order of the Company as provided in Article II.
(b) The Certificates shall be issued in an aggregate
Initial Certificate Principal Balance of $501,148,045.23. Such
aggregate original principal balance shall be divided among the
Classes having the designations, Class Certificate Principal
Balances, Certificate Interest Rates and minimum denominations as
follows:
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Initial
Class
Certificate Certificate
Principal Interest Minimum
Designation Balance Rate Denominations
Class A1 $18,563,000.00 7.250% $25,000
Class A2 13,339,000.00 7.250 25,000
Class A3 29,292,000.00 6.750 25,000
Class A4 13,131,000.00 6.750 25,000
Class A5 18,652,000.00 6.750 25,000
Class A6 21,902,000.00 7.250 25,000
Class A7 99,594,000.00 7.250 25,000
Class A8 55,000,000.00 7.250 25,000
Class A9 4,251,000.00 7.250 25,000
Class A10 11,731,000.00 7.250 25,000
Class A11 21,579,000.00 7.250 25,000
Class A12 (1) 7.250 62,500
Class A13 29,722,000.00 7.250 25,000
Class A14 28,039,777.00 (3) 25,000
Class A15 6,768,223.00 (3) 25,000
Class A16 77,822,900.00 7.250 25,000
Class A17 30,000,000.00 7.125 1,000
Class A18 (1) 0.065 7,273,000
Class A19 (1) 0.060 8,000,000
Class PO 461,302.42 0.000 25,000
Class M 7,768,000.00 7.250 100,000
Class B1 4,761,000.00 7.250 100,000
Class B2 3,759,000.00 7.250 100,000
Class B3 2,506,000.00 7.250 250,000
Class B4 751,700.00 7.250 250,000
Class B5 1,754,042.81 7.250 250,000
Class S (2) (2) 12,500,000
Class R 50.00 7.250 50
Class RL 50.00 7.250 50
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(1) The Class A12, Class A18 and Class A19 Certificates are
issued with an initial Notional Principal Balance of
$4,212,067.00, $30,000,000.00 and $30,000,000.00,
respectively.
(2) The Class S Certificates are issued with an initial
Notional Principal Balance of $473,473,790.99 and shall
bear interest at the Strip Rate.
(3) The Certificate Interest Rates of each of the Class A14 and
Class A15 Certificates for each Interest Accrual Period
shall be determined as provided in Section 5.01(f).
(c) The Certificates shall be issuable in registered
form only. The Book-Entry Certificates will be evidenced by one
or more certificates, beneficial ownership of which will be held
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in the minimum dollar denominations in Certificate Principal
Balance or Notional Principal Balance, as applicable, specified
in Section 5.01(b), and integral multiples of $1,000 in excess
thereof. The Non-Book-Entry Certificates other than the Residual
Certificate shall each be issued in the minimum dollar
denominations in Certificate Principal Balance or Notional
Principal Balance, as applicable, specified in Section 5.01(b),
and integral multiples of $1,000 (or $1,000,000 in the case of
the Class S Certificates) in excess thereof (and, if necessary,
in the amount of the remaining Class Certificate Principal
Balance or Notional Principal Balance, as applicable, of each
Class, in the case of one Certificate of such Class). Each Class
of Residual Certificates shall be issued as a single certificate
evidencing the entire Class Certificate Principal Balance of such
Class and having a Percentage Interest of 100%. If necessary, one
Certificate of each Class of Book-Entry Certificates and the
Class S Certificates may evidence an additional amount equal to
the remainder of the Class Certificate Principal Balance (or
Notional Principal Balance) of such Class.
(d) The Certificates shall be executed by manual or
facsimile signature on behalf of the Trustee by an authorized
officer under its seal, which may be in facsimile form and be
imprinted or otherwise reproduced thereon. Certificates bearing
the manual or facsimile signatures of individuals who were, at
the time when such signatures were affixed, authorized to sign on
behalf of the Trustee shall bind the Trustee, notwithstanding
that such individuals or any of them have ceased to be so
authorized prior to the authentication and delivery of such
Certificates or did not hold such offices at the date of such
Certificate. No Certificate shall be entitled to any benefit
under this Agreement, or be valid for any purpose, unless such
Certificate shall have been manually countersigned by the Trustee
substantially in the forms set forth in Exhibit A hereto, and
such countersignature upon any Certificate shall be conclusive
evidence, and the only evidence, that such Certificate has been
duly executed and delivered hereunder. All Certificates issued on
the Closing Date shall be dated the Closing Date; all
Certificates issued thereafter shall be dated the date of their
countersignature.
(e) The Strip Rate for each Interest Accrual Period
shall be determined by the Company and included in the Servicer's
Certificate for the related Distribution Date.
(f) During the first Interest Accrual Period, the
Certificate Interest Rate of the Class A14 Certificates shall be
6.75% per annum. For each subsequent Interest Accrual Period, the
Certificate Interest Rate of the Class A14 Certificates shall be
a per annum rate equal to 1.10% plus LIBOR for the related LIBOR
Determination Date, subject to a maximum rate of 9.00% and a
minimum rate of 1.10%.
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During the first Interest Accrual Period, the Certificate
Interest Rate of the Class A15 Certificates shall be 9.3214% per
annum. For each subsequent Interest Accrual Period, the
Certificate Interest Rate of the Class A15 Certificates shall be
a per annum rate equal to 32.728571% minus the product of (i)
4.142857 and (ii) LIBOR for the related LIBOR Determination Date,
subject to a maximum rate of 32.728571% and a minimum rate of
0.00%.
Section 5.02. Registration of Transfer and Exchange of
Certificates. (a) The Trustee shall cause to be kept at an office
or agency in the city in which the Corporate Trust Office of the
Trustee is located or in the City of New York, New York a
Certificate Register in which, subject to such reasonable
regulations as it may prescribe, the Trustee shall provide for
the registration of Certificates and of transfers and exchanges
of Certificates as herein provided. The Trustee shall initially
serve as Certificate Registrar for the purpose of registering
Certificates and transfers and exchanges of Certificates as
herein provided.
Subject to Sections 5.02(b) and 5.02(c), upon
surrender for registration of transfer of any Certificate at the
Corporate Trust Office, the Trustee shall execute, authenticate
and deliver, in the name of the designated transferee or
transferees, one or more new Certificates of the same Class in
authorized denominations of a like Percentage Interest.
At the option of a Certificateholder, Certificates may
be exchanged for other Certificates of authorized denominations
of a like Class and Percentage Interest, upon surrender of the
Certificates to be exchanged at any such office or agency.
Whenever any Certificates are so surrendered for exchange the
Trustee shall execute, countersign and deliver the Certificates
which the Certificateholder making the exchange is entitled to
receive. Every Certificate presented or surrendered for
registration of transfer or exchange shall be accompanied by a
written instrument of transfer in form satisfactory to the
Trustee and the Certificate Registrar duly executed by the Holder
thereof or his attorney duly authorized in writing.
No service charge shall be made for any registration
of transfer or exchange of Certificates, but the Trustee may
require payment of a sum sufficient to cover any tax or
governmental charge that may be imposed in connection with any
transfer or exchange of Certificates.
All Certificates surrendered for registration of
transfer and exchange shall be canceled and subsequently
destroyed by the Trustee and a certificate of destruction shall
be delivered by the Trustee to the Company.
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(b) No legal or beneficial interest in all or any
portion of the Residual Certificates may be transferred directly
or indirectly to (i) a Disqualified Organization or an agent of a
Disqualified Organization (including a broker, nominee, or
middleman), (ii) an entity that holds REMIC residual securities
as nominee to facilitate the clearance and settlement of such
securities through electronic book-entry changes in accounts of
participating organizations (a "Book-Entry Nominee"), or (iii) an
individual, corporation, partnership or other person unless such
transferee (A) is not a Non-U.S. Person or (B) is a Non-U.S.
Person that holds a Residual Certificate in connection with the
conduct of a trade or business within the United States and has
furnished the transferor and the Trustee with an effective
Internal Revenue Service Form 4224 or (C) is a Non-U.S. Person
that has delivered to both the transferor and the Trustee an
opinion of a nationally recognized tax counsel to the effect that
the transfer of a Residual Certificate to it is in accordance
with the requirements of the Code and the regulations promulgated
thereunder and that such transfer of a Residual Certificate will
not be disregarded for federal income tax purposes (any such
person who is not covered by clause (A), (B) or (C) above being
referred to herein as a "Non-permitted Foreign Holder"), and any
such purported transfer shall be void and have no effect. The
Trustee shall not execute, and shall not authenticate and
deliver, a Residual Certificate in connection with any transfer
thereof unless the transferor shall have provided to the Trustee
an affidavit, substantially in the form attached as Exhibit F
hereto, signed by the transferee, to the effect that the
transferee is not such a Disqualified Organization, an agent
(including a broker, nominee, or middleman) for any entity as to
which the transferee has not received a substantially similar
affidavit, a Book-Entry Nominee or a Non-permitted Foreign
Holder, which affidavit shall contain the consent of the
transferee to any such amendments of this Agreement as may be
required to further effectuate the foregoing restrictions on
transfer of the Residual Certificates to Disqualified
Organizations, Book-Entry Nominees or Non-permitted Foreign
Holders, and an agreement by the Transferee that it will not
transfer a Residual Certificate without providing to the Trustee
an affidavit substantially in the form attached as Exhibit F
hereto and a letter substantially in the form attached as Exhibit
G hereto. Such affidavit shall also contain the statement of the
transferee that (i) it does not have the intention to impede the
assessment or collection of any federal, state or local taxes
legally required to be paid with respect to the Residual
Certificates and (ii) it understands that it may incur tax
liabilities in excess of cash flows generated by a Residual
Certificate and that it intends to pay taxes associated with
holding a Residual Certificate as they become due.
The affidavit described in the preceding paragraph, if
not executed in connection with the initial issuance of the
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Residual Certificates, shall be accompanied by a written
statement in the form attached as Exhibit G hereto, signed by the
transferor, to the effect that as of the time of the transfer,
the transferor has (i) no actual knowledge that the transferee is
a Disqualified Organization, Book-Entry Nominee or Non-permitted
Foreign Holder, (ii) no reason to believe that the transferee has
the intention to impede the assessment or collection of any
federal, state or local taxes legally required to be paid with
respect to a Residual Certificate, and (iii) conducted a
reasonable investigation and found that the transferee had
historically paid its debts as they came due and found no
significant evidence to indicate that the transferee will not
continue to pay its debts as they become due. The Residual
Certificates shall bear a legend referring to the foregoing
restrictions contained in this paragraph and the preceding
paragraph.
Upon notice to the Company that any legal or
beneficial interest in any portion of the Residual Certificates
has been transferred, directly or indirectly, to a Disqualified
Organization or agent thereof (including a broker, nominee, or
middleman) in contravention of the foregoing restrictions, (i)
such transferee shall be deemed to hold the Residual Certificate
in constructive trust for the last transferor who was not a
Disqualified Organization or agent thereof, and such transferor
shall be restored as the owner of such Residual Certificate as
completely as if such transfer had never occurred, provided that
the Company may, but is not required to, recover any
distributions made to such transferee with respect to the
Residual Certificate and return such recovery to the transferor,
and (ii) the Company agrees to furnish to the Internal Revenue
Service and to any transferor of the Residual Certificate or such
agent (within 60 days of the request therefor by the transferor
or agent) such information necessary to the application of
section 860E(e) of the Code as may be required by the Code,
including but not limited to the present value of the total
anticipated excess inclusions with respect to the Residual
Certificate (or portion thereof) for periods after such transfer.
At the election of the Company, the cost to the Company of
computing and furnishing such information may be charged to the
transferor or such agent referred to above; however, the Company
shall in no event be excused from furnishing such information.
The restrictions on transfers of the Residual
Certificates set forth in the preceding three paragraphs shall
cease to apply to transfers (and the applicable portions of the
legend to the Residual Certificates may be deleted) after
delivery to the Trustee of an Opinion of Counsel to the effect
that the elimination of such restrictions will not cause either
the Upper Tier REMIC or the Lower Tier REMIC established
hereunder to fail to qualify as a REMIC at any time that the
Certificates are outstanding.
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No transfer of a Restricted Certificate shall be made
unless such transfer is made pursuant to an effective
registration statement under the Securities Act of 1933, as
amended (the "Act"), and any applicable state securities laws, in
each case as evidenced by an Officer's Certificate, or is exempt
from the registration requirements of the Act and any applicable
state securities laws. In the event of such registration, any
restrictive legends set forth in the form of the relevant
Restricted Certificate in Exhibit A hereto with respect to the
Act and state securities law restrictions shall be removed by the
Trustee upon request of the Holder thereof and automatically upon
exchange or registration of transfer thereof. As a condition to
any transfer that is to be made in reliance upon an exemption
from the Act and such laws of a Restricted Certificate to any
person other than a QIB (as certified by the proposed transferee
in the form of assignment attached to the related Certificate),
either (x) the Trustee shall require the transferee to execute an
investment letter in the form substantially as set forth in
Exhibit I hereto or in such other form as may be acceptable to
the Trustee, certifying as to the facts surrounding such
transfer, or (y) in lieu of such investment letter, the Trustee
may accept a written Opinion of Counsel (in form and substance
acceptable to the Trustee) that such proposed transfer may be
made pursuant to an exemption from the Act. As an additional
condition to any transfer of a Restricted Certificate, either (i)
the transferor and the transferee shall complete the form of
assignment attached to the Certificate proposed to be
transferred, or (ii) the Trustee shall have received the
above-referenced Opinion of Counsel. The holder of any Restricted
Certificate desiring to effect the transfer thereof to a person
other than a QIB shall, and hereby agrees to, comply with any
applicable conditions set forth in the preceding two sentences
and indemnify the Trustee and the Company against any liability
that may result if the transfer thereof is not so exempt or is
not made in accordance with such federal and state laws. Such
agreement to so indemnify the Trustee and the Company shall
survive the termination of this Agreement. Notwithstanding the
foregoing, no Opinion of Counsel or investment letter shall be
required upon the original issuance of (i) the Restricted Junior
Certificates to the Initial Purchaser (as defined in the Private
Placement Memorandum) or its nominee and (ii) the Class S or
Class PO Certificates to the Company or upon any subsequent
transfer of any Class S or Class PO Certificate by the Company,
provided that if any Restricted Junior Certificates are, at the
request of the Initial Purchaser, registered in the name of its
nominee, the Initial Purchaser shall be deemed to acknowledge and
agree with the Company and the Trustee that no transfer of a
beneficial interest in such Certificates will be made without
registering such Certificates in the name of the transferee,
which shall be a Person other than such nominee. Any opinion or
letter required pursuant to this paragraph shall not be at the
expense of the Trust Fund or the Trustee.
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(c) (i) No transfer of an ERISA-Restricted Certificate
in the form of a Definitive Certificate shall be made to any
Person unless the Trustee has received (A) a certificate
(substantially in the form of Exhibit E or such other form as is
acceptable to the Company and the Trustee) from such transferee
to the effect that such transferee (i) is not a Plan or a Person
that is using the assets of a Plan to acquire such
ERISA-Restricted Certificate or (ii) is an insurance company
investing assets of its general account and the exemptions
provided by Section III(a) of Department of Labor Prohibited
Transaction Class Exemption 95-60, 60 Fed. Reg. 35925 (July 12,
1995) (the "Exemptions") apply to the transferee's acquisition
and holding of any ERISA-Restricted Certificate or (B) an opinion
of counsel satisfactory to the Trustee and the Company to the
effect that the purchase and holding of such a Certificate will
not constitute or result in the assets of the Trust Fund being
deemed to be "plan assets" subject to the prohibited transactions
provisions of ERISA or Section 4975 of the Code and will not
subject the Trustee or the Company to any obligation in addition
to those undertaken in the Agreement; provided, however, that the
Trustee will not require such certificate or opinion in the event
that, as a result of a change of law or otherwise, counsel
satisfactory to the Trustee has rendered an opinion to the effect
that the purchase and holding of an ERISA-Restricted Certificate
by a Plan or a Person that is purchasing or holding such a
Certificate with the assets of a Plan will not constitute or
result in a prohibited transaction under ERISA or Section 4975 of
the Code. The preparation and delivery of the certificate and
opinions referred to above shall not be an expense of the Trust
Fund, the Trustee or the Company. Notwithstanding the foregoing,
no opinion or certificate shall be required for the initial
issuance of the ERISA-Restricted Certificates.
(ii) No transfer of a Residual Certificate shall be
made to any Person unless the Trustee has received a
certification (substantially in the form of paragraph 4 of
Exhibit F) from such transferee to the effect that, among other
things, such transferee is not a Plan or a Person that is using
the assets of a Plan to acquire any such Certificate. The
preparation and delivery of such certificate shall not be an
expense of the Trust Fund, the Trustee or the Company.
(d) Subject to Section 8.01(i) hereof, the Trustee may
conclusively rely upon any certificate, affidavit or opinion
delivered pursuant to Section 5.02(b) or (c). Any certificate or
affidavit required to be delivered by a transferee under this
Section 5.02 may be executed and delivered in the name of such
transferee by its attorney-in-fact duly authorized in writing in
form and substance satisfactory to the Trustee.
(e) Except as to any additional Certificate of any
Class of Book-Entry Certificates held in physical certificated
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form pursuant to Section 5.02(g) or any Restricted Junior
Certificate of any Class of Book-Entry Certificates that is
transferred to an entity other than a QIB, the Book-Entry
Certificates shall, subject to Section 5.02(f), at all times
remain registered in the name of the Depository or its nominee
and at all times: (i) registration thereof may not be transferred
by the Trustee except to another Depository; (ii) the Depository
shall maintain book-entry records with respect to the Certificate
Owners and with respect to ownership and transfers of such
Certificates; (iii) ownership and transfers of registration of
the Certificates issued in book-entry form on the books of the
Depository shall be governed by applicable rules established by
the Depository and the rights of Certificate Owners with respect
to Book-Entry Certificates shall be governed by applicable law
and agreements between such Certificate Owners and the
Depository, Depository Participants, and indirect participating
firms; (iv) the Depository may collect its usual and customary
fees, charges and expenses from its Depository Participants; (v)
the Trustee shall deal with the Depository, Depository
Participants and indirect participating firms as authorized
representatives of the Certificate Owners of the Certificates
issued in book-entry form for all purposes including the making
of payments due on the Book-Entry Certificates and exercising the
rights of Holders under this Agreement, and requests and
directions for and votes of such representatives shall not be
deemed to be inconsistent if they are made with respect to
different Certificate Owners; (vi) the Trustee may rely and shall
be fully protected in relying upon information furnished by the
Depository with respect to its Depository Participants and
furnished by the Depository Participants with respect to indirect
participating firms and persons shown on the books of such
indirect participating firms as direct or indirect Certificate
Owners; (vii) Certificate Owners shall not be entitled to
certificates for the Book-Entry Certificates and (viii) the
Trustee may establish a reasonable record date in connection with
solicitations of consents from or voting by Certificateholders
and give notice to the Depository of such record date.
All transfers by Certificate Owners of Book-Entry
Certificates shall be made in accordance with the procedures
established by the Depository Participant or brokerage firm
representing such Certificate Owner. Each Depository Participant
shall only transfer Book-Entry Certificates of Certificate Owners
it represents or of brokerage firms for which it acts as agent in
accordance with the Depository's normal procedures. Except as
provided herein, the Trustee shall have no duty to monitor or
restrict the transfer of Certificates or interests therein, and
shall have no liability for any transfer, including any transfer
made through the book-entry facilities of the Depository or
between or among Depository Participants or Certificate Owners,
made in violation of applicable restrictions set forth herein,
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except in the event of the failure of the Trustee to perform its
duties and fulfill its obligations under this Agreement.
(f) If (x)(i) the Company or the Depository advises
the Trustee in writing that the Depository is no longer willing,
qualified or able to properly discharge its responsibilities as
Depository, and (ii) the Trustee or the Company is unable to
locate a qualified successor, (y) the Company at its option
advises the Trustee in writing that it elects to terminate the
book-entry system through the Depository or (z) after the
occurrence of an Event of Default, Certificate Owners
representing not less than 51% of the aggregate Voting Rights
allocated to the Book-Entry Certificates together advise the
Trustee and the Depository through the Depository Participants in
writing that the continuation of a book-entry system through the
Depository is no longer in the best interests of the Certificate
Owners, the Trustee shall notify all Certificate Owners, through
the Depository, of the occurrence of any such event and of the
availability of Definitive Certificates to Certificate Owners
requesting the same. Upon surrender to the Trustee of such
Certificates by the Depository, accompanied by registration
instructions from the Depository for registration, the Trustee
shall issue the Definitive Certificates. Neither the Company nor
the Trustee shall be liable for any delay in delivery of such
instructions and may conclusively rely on, and shall be protected
in relying on, such instructions. Upon the issuance of Definitive
Certificates all references herein to obligations imposed upon or
to be performed by the Depository shall be deemed to be imposed
upon and performed by the Trustee, to the extent applicable with
respect to such Definitive Certificates and the Trustee shall
recognize the Holders of the Definitive Certificates as
Certificateholders hereunder.
(g) On or prior to the Closing Date, there shall be
delivered to the Depository one certificate for each Class of
Book-Entry Certificates registered in the name of the
Depository's nominee, Cede & Co. The face amount of each such
Certificate shall represent 100% of the initial Class Certificate
Principal Balance thereof, except for such amount that does not
constitute an acceptable denomination to the Depository. An
additional Certificate of each Class of Book-Entry Certificates
may be issued evidencing such remainder and, if so issued, will
be held in physical certificated form by the Holders thereof.
Each Certificate issued in book-entry form shall bear the
following legend:
"Unless this Certificate is presented by an authorized
representative of The Depository Trust Company, a New York
corporation ("DTC"), to Issuer or its agent for registration of
transfer, exchange, or payment, and any certificate issued is
registered in the name of Cede & Co. or in such other name as
requested by an authorized representative of DTC (and any
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payment is made to Cede & Co. or to such other entity as is
requested by an authorized representative of DTC), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede
& Co., has an interest herein."
Section 5.03. Mutilated, Destroyed, Lost or Stolen
Certificates. If (a) any mutilated Certificate is surrendered to
the Certificate Registrar, or the Certificate Registrar receives
evidence to its satisfaction of the destruction, loss or theft of
any Certificate and (b) there is delivered to the Company, the
Certificate Registrar and the Trustee such security or indemnity
as may be required by them to save each of them harmless, then,
in the absence of notice to the Certificate Registrar or the
Trustee that such Certificate has been acquired by a bona fide
purchaser, the Trustee shall execute, countersign and deliver, in
exchange for or in lieu of any such mutilated, destroyed, lost or
stolen Certificate, a new Certificate of like tenor, Class and
Percentage Interest. In connection with the issuance of any new
Certificate under this Section 5.03, the Trustee may require the
payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and
any other expenses (including the fees and expenses of the
Trustee and the Certificate Registrar) connected therewith. Any
duplicate Certificate issued pursuant to this Section 5.03 shall
constitute complete and indefeasible evidence of ownership in the
Trust Fund, as if originally issued, whether or not the lost,
stolen or destroyed Certificate shall be found at any time.
Section 5.04. Persons Deemed Owners. Prior to due
presentation of a Certificate for registration of transfer, the
Company, the Trustee, the Certificate Registrar and any agent of
the Company, the Trustee or the Certificate Registrar may treat
the person in whose name any Certificate is registered as the
owner of such Certificate for the purpose of receiving
distributions pursuant to Section 4.01 and for all other purposes
whatsoever, and neither the Company, the Trustee, the Certificate
Registrar nor any agent of the Company, the Trustee or the
Certificate Registrar shall be affected by any notice to the
contrary.
Section 5.05. Access to List of Certificateholders'
Names and Addresses. The Certificate Registrar will furnish or
cause to be furnished to the Company, within 15 days after
receipt by the Certificate Registrar of request therefor from the
Company in writing, a list, in such form as the Company may
reasonably require, of the names and addresses of the
Certificateholders as of the most recent Record Date for payment
of distributions to Certificateholders. If three or more
Certificateholders (hereinafter referred to as "applicants")
apply in writing to the Trustee, and such application states that
the applicants desire to communicate with other
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Certificateholders with respect to their rights under this
Agreement or under the Certificates and is accompanied by a copy
of the communication which such applicants propose to transmit,
then the Trustee shall, within five Business Days after the
receipt of such application, afford such applicants access during
normal business hours to the most recent list of
Certificateholders held by the Trustee. If such list is as of a
date more than 90 days prior to the date of receipt of such
applicants' request, the Trustee shall promptly request from the
Certificate Registrar a current list as provided above, and shall
afford such applicants access to such list promptly upon receipt.
Every Certificateholder, by receiving and holding a Certificate,
agrees with the Certificate Registrar and the Trustee that
neither the Certificate Registrar nor the Trustee shall be held
accountable by reason of the disclosure of any such information
as to the names and addresses of the Certificateholders
hereunder, regardless of the source from which such information
was derived.
Section 5.06. Representation of Certain
Certificateholders. The fiduciary of any Plan which becomes a
Holder of a Certificate, by virtue of its acceptance of such
Certificate, will be deemed to have represented and warranted to
the Trustee and the Company that such Plan is an "accredited
investor" as defined in Rule 501(a)(1) of Regulation D
promulgated by the Securities and Exchange Commission under the
Securities Act of 1933.
Section 5.07. Determination of COFI. (a) If the
outstanding Certificates include any COFI Certificates, then on
each COFI Determination Date the Trustee shall determine the
value of COFI on the basis of the most recently available
Information Bulletin referred to in the definition of "COFI". The
establishment of COFI by the Trustee and the Trustee's subsequent
calculation of the rates of interest applicable to the COFI
Certificates for each Interest Accrual Period shall (in the
absence of manifest error) be final and binding. During each
Interest Accrual Period, the Certificate Interest Rate for the
COFI Certificates for the current and immediately preceding
Interest Accrual Period shall be made available by the Trustee to
Certificate Owners and Certificateholders at the following
telephone number: (617) 664-5500.
(b) The failure by the Federal Home Loan Bank of San
Francisco to publish COFI for a period of 65 calendar days will
constitute an "Alternative Rate Event" for purposes hereof. Upon
the occurrence of an Alternative Rate Event, the Company will
calculate the Certificate Interest Rates for the COFI
Certificates for the subsequent Interest Accrual Periods by
using, in place of COFI, (i) the replacement index, if any,
published or designated by the Federal Home Loan Bank of San
Francisco or (ii) if no replacement index is so published or
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designated, an alternative index to be selected by the Company
that has performed, or that the Company expects to perform, in a
manner substantially similar to COFI. At the time an alternative
index is first selected by the Company, the Company shall
determine the average number of basis points, if any, by which
the alternative index differed from COFI for such period as the
Company, in its sole discretion, reasonably determines to reflect
fairly the long-term difference between COFI and the alternative
index, and shall adjust the alternative index by such average.
The Company shall select a particular index as an alternative
only if it receives an Opinion of Counsel to the effect that the
selection of such index will not cause any REMIC established
hereunder to fail to qualify as a REMIC for federal income tax
purposes. In the absence of manifest error, the selection of any
alternative index as provided by this Section 5.07(b) shall be
final and binding for each subsequent Interest Accrual Period.
Upon the occurrence of an Alternative Rate Event, the Trustee
shall have no responsibility for the determination of any
alternative index or the calculation of the Certificate Interest
Rates for the COFI Certificates.
(c) If at any time after the occurrence of an
Alternative Rate Event the Federal Home Loan Bank of San
Francisco resumes publication of COFI, the Certificate Interest
Rates for the COFI Certificates for each Interest Accrual Period
commencing thereafter will be calculated by reference to COFI.
Section 5.08. Determination of LIBOR. (a) If the
outstanding Certificates include any LIBOR Certificates, then on
each LIBOR Determination Date the Trustee shall determine LIBOR
on the basis of the offered LIBOR quotations of the Reference
Banks as of 11:00 a.m. London time on such LIBOR Determination
Date as follows:
(i) If on any LIBOR Determination Date two or more of
the Reference Banks provide such offered quotations, LIBOR
for the next Interest Accrual Period will be the arithmetic
mean of such offered quotations (rounding such arithmetic
mean upwards if necessary to the nearest whole multiple of
1/16%);
(ii) If on any LIBOR Determination Date only one or
none of the Reference Banks provides such offered
quotations, LIBOR for the next Interest Accrual Period will
be whichever is the higher of (x) LIBOR as determined on
the previous LIBOR Determination Date or (y) the Reserve
Interest Rate. The "Reserve Interest Rate" will be either
(A) the rate per annum which the Trustee determines to be
the arithmetic mean (rounding such arithmetic mean upwards
if necessary to the nearest whole multiple of 1/16%) of the
one-month Eurodollar lending rates that New York City banks
selected by the Trustee are quoting, on the relevant LIBOR
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Determination Date, to the principal London offices of
leading banks in the London interbank market or (B) in the
event that the Trustee can determine no such arithmetic
mean, the lowest one-month Eurodollar lending rate that the
New York City banks selected by the Trustee are quoting on
such LIBOR Determination Date to leading European banks;
and
(iii) If on any LIBOR Determination Date the Trustee is
required but is unable to determine the Reserve Interest
Rate in the manner provided in paragraph (ii) above, LIBOR
for the next Interest Accrual Period will be LIBOR as
determined on the previous LIBOR Determination Date, or, in
the case of the first LIBOR Determination Date, the Initial
LIBOR Rate.
(b) The establishment of LIBOR by the Trustee and the
Trustee's subsequent calculation of the Certificate Interest
Rates applicable to the LIBOR Certificates for the relevant
Interest Accrual Period, in the absence of manifest error, will
be final and binding. In all cases, the Trustee may conclusively
rely on quotations of LIBOR for the Reference Banks as such
quotations appear on the display designated "LIBO" on the Reuters
Monitor Money Rates Service.
(c) Within five Business Days of the Trustee's
calculation of the Certificate Interest Rates of the LIBOR
Certificates, the Trustee shall furnish to the Company by
telecopy (or by such other means as the Trustee and the Company
may agree from time to time) such Certificate Interest Rates.
(d) The Trustee shall provide to Certificateholders
who inquire of it by telephone the Certificate Interest Rates of
the LIBOR Certificates for the current and immediately preceding
Interest Accrual Period.
(e) As used herein, "Reference Banks" shall mean no
more than four leading banks engaged in transactions in
Eurodollar deposits in the international Eurocurrency market (i)
with an established place of business in London, England, (ii)
whose quotations appear on the "Reuters Screen LIBO Page" (as
described in the definition of LIBOR hereof) on the applicable
LIBOR Determination Date and (iii) which have been designated as
such by the Trustee and are able and willing to provide such
quotations to the Trustee on each LIBOR Determination Date. The
Reference Banks initially shall be: Barclay's plc, Bank of Tokyo,
National Westminster Bank and Trust Company and Bankers Trust
Company. If any of the initial Reference Banks should be removed
from the Reuters Screen LIBO Page or in any other way fail to
meet the qualifications of a Reference Bank, the Trustee, after
consultation with the Company, shall use its best efforts to
designate alternate Reference Banks.
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ARTICLE VI
THE COMPANY
Section 6.01. Liability of the Company. The Company
shall be liable in accordance herewith only to the extent of the
obligations specifically imposed upon and undertaken by the
Company herein.
Section 6.02. Merger or Consolidation of, or
Assumption of the Obligations of, the Company. Any corporation
into which the Company may be merged or consolidated, or any
corporation resulting from any merger, conversion or
consolidation to which the Company shall be a party, or any
corporation succeeding to the business of the Company, or any
corporation, more than 50% of the voting stock of which is,
directly or indirectly, owned by General Electric Company, or any
limited partnership, the sole general partner of which is either
the Company or a corporation, more than 50% of the voting stock
of which is owned, directly or indirectly, by General Electric
Company, which executes an agreement of assumption to perform
every obligation of the Company hereunder, shall be the successor
of the Company hereunder, without the execution or filing of any
paper or any further act on the part of any of the parties
hereto, anything herein to the contrary notwithstanding.
Section 6.03. Assignment. The Company may assign its
rights and delegate its duties and obligations as servicer under
this Agreement; provided, that (i) the purchaser or transferee
accepting such assignment or delegation is qualified to service
mortgage loans for FNMA or FHLMC, is reasonably satisfactory to
the Trustee and executes and delivers to the Trustee an
agreement, in form and substance reasonably satisfactory to the
Trustee, which contains an assumption by such purchaser or
transferee of the due and punctual performance and observance of
each covenant and condition to be performed or observed by the
Company as servicer hereunder from and after the date of such
agreement and (ii) each Rating Agency's rating of any Classes of
Certificates in effect immediately prior to such assignment or
delegation would not be qualified, downgraded or withdrawn as a
result thereof. In the case of any such assignment or delegation,
the Company will be released from its obligations as servicer
hereunder except for liabilities and obligations as servicer
incurred prior to such assignment or delegation.
Section 6.04. Limitation on Liability of the Company
and Others. Neither the Company nor any of the directors or
officers or employees or agents of the Company shall be under any
liability to the Trust Fund or the Certificateholders for any
action taken or for refraining from the taking of any action by
the Company pursuant to this Agreement, or for errors in
judgment; provided, however, that this provision shall not
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protect the Company or any such person against any liability
which would otherwise be imposed by reason of willful
misfeasance, bad faith or gross negligence in the performance of
duties of the Company or by reason of reckless disregard of
obligations and duties of the Company hereunder. The Company and
any director or officer or employee or agent of the Company may
rely in good faith on any document of any kind prima facie
properly executed and submitted by any Person respecting any
matters arising hereunder. The Company and any director or
officer or employee or agent of the Company shall be indemnified
by the Trust Fund and held harmless against any loss, liability
or expense incurred in connection with any legal action relating
to this Agreement or the Certificates, other than any loss,
liability or expense related to any specific Mortgage Loan or
Mortgage Loans (except as any such loss, liability or expense
shall be otherwise reimbursable pursuant to this Agreement) and
any loss, liability or expense incurred by reason of willful
misfeasance, bad faith or gross negligence in the performance of
duties hereunder or by reason of reckless disregard of
obligations and duties hereunder. The Company shall be under no
obligation to appear in, prosecute or defend any legal action
which is not incidental to its duties to service the Mortgage
Loans in accordance with this Agreement and which in its opinion
may involve it in any expense or liability; provided, however,
that the Company may in its sole discretion undertake any such
action which it may deem necessary or desirable in respect of
this Agreement, and the rights and duties of the parties hereto
and the interests of the Certificateholders hereunder. In such
event, the legal expenses and costs of such action and any
liability resulting therefrom shall be expenses, costs and
liabilities of the Trust Fund and the Company shall be entitled
to be reimbursed therefor from amounts credited to the Mortgage
Loan Payment Record as provided by Section 3.04.
Section 6.05. The Company Not to Resign. Subject to
the provisions of Sections 6.02 and 6.03, the Company shall not
resign from the obligations and duties hereby imposed on it
except upon determination that the performance of its duties
hereunder is no longer permissible under applicable law. Any such
determination permitting the resignation of the Company shall be
evidenced by an Opinion of Counsel to such effect delivered to
the Trustee. No such resignation shall become effective until the
Trustee or a successor servicer shall have assumed the
responsibilities and obligations of the Company in accordance
with Section 7.02.
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ARTICLE VII
DEFAULT
Section 7.01. Events of Default. If any one of the
following events ("Events of Default") shall occur and be
continuing:
(i) Any failure by the Company to make any payment to
the Trustee of funds pursuant to Section 3.02(d) out of
which distributions to Certificateholders of any Class are
required to be made under the terms of the Certificates and
this Agreement which failure continues unremedied for a
period of three Business Days after the date upon which
written notice of such failure shall have been given to the
Company by the Trustee or to the Company and the Trustee by
Holders of Certificates of each Class affected thereby
evidencing, as to each such Class, Percentage Interests
aggregating not less than 25%; or
(ii) Failure on the part of the Company duly to observe
or perform in any material respect any other covenants or
agreements of the Company set forth in the Certificates or
in this Agreement, which covenants and agreements (A)
materially affect the rights of Certificateholders and (B)
continue unremedied for a period of 60 days after the date
on which written notice of such failure, requiring the same
to be remedied, shall have been given to the Company by the
Trustee, or to the Company and the Trustee by the Holders
of Certificates of each Class affected thereby evidencing,
as to each such Class, Percentage Interests aggregating not
less than 25%; or
(iii) The entry of a decree or order by a court or
agency or supervisory authority having jurisdiction in the
premises for the appointment of a conservator, receiver or
liquidator in any insolvency, readjustment of debt,
marshalling of assets and liabilities or similar
proceedings of or relating to the Company, or for the
winding up or liquidation of the Company's affairs, and the
continuance of any such decree or order unstayed and in
effect for a period of 60 consecutive days; or
(iv) The consent by the Company to the appointment of a
conservator or receiver or liquidator in any insolvency,
readjustment of debt, marshalling of assets and liabilities
or similar proceedings of or relating to the Company or of
or relating to substantially all of its property; or the
Company shall admit in writing its inability to pay its
debts generally as they become due, file a petition to take
advantage of any applicable insolvency or reorganization
statute, make an assignment for the benefit of its
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creditors, or voluntarily suspend payment of its
obligations;
then, and in each and every such case, so long as an Event of
Default shall not have been remedied by the Company, either the
Trustee, or the Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage Interests
aggregating not less than 51%, by notice then given in writing to
the Company (and to the Trustee if given by the
Certificateholders) may terminate all of the rights and
obligations of the Company as servicer under this Agreement. On
or after the receipt by the Company of such written notice, all
authority and power of the Company under this Agreement, whether
with respect to the Certificates or the Mortgage Loans or
otherwise, shall pass to and be vested in the Trustee pursuant to
and under this Section 7.01; and, without limitation, the Trustee
is hereby authorized and empowered to execute and deliver, on
behalf of the Company, as attorney-in-fact or otherwise, any and
all documents and other instruments, and to do or accomplish all
other acts or things necessary or appropriate to effect the
purposes of such notice of termination, whether to complete the
transfer and endorsement of the Mortgage Loans and related
documents, or otherwise, including, without limitation, the
recordation of the assignments of the Mortgage Loans to it. The
Company agrees to cooperate with the Trustee in effecting the
termination of the responsibilities and rights of the Company
hereunder, including, without limitation, the transfer to the
Trustee for the administration by it of all cash amounts that
shall at the time be held by the Company and that have been or
should have been credited by it to the Mortgage Loan Payment
Record, or that have been deposited by the Company in the
Certificate Account or are thereafter received by the Company
with respect to the Mortgage Loans. In addition to any other
amounts which are then, or, notwithstanding the termination of
its activities as servicer, may become, payable to the Company
under this Agreement, the Company shall be entitled to receive
out of any delinquent payment on account of interest on a
Mortgage Loan, due during the period prior to the notice pursuant
to this Section 7.01 which terminates the obligation and rights
of the Company hereunder and received after such notice, that
portion of such payment which it would have been entitled to
retain pursuant to Section 3.04(vi) if such notice had not been
given.
Section 7.02. Trustee to Act; Appointment of
Successor. (a) On and after the time the Company receives a
notice of termination pursuant to Section 7.01, the Trustee shall
be the successor in all respects to the Company in its capacity
as servicer under this Agreement and the transactions set forth
or provided for herein and shall succeed to all the rights of and
be subject to all the responsibilities, duties and liabilities
relating thereto placed on the Company in its capacity as
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servicer by the terms and provisions hereof; provided, however,
that the responsibilities and duties of the Company pursuant to
Sections 2.02 and 2.03(a) and, if the Trustee is prohibited by
law or regulation from making Monthly Advances, the
responsibility to make Monthly Advances pursuant to Section 4.04,
shall not be the responsibilities, duties or obligations of the
Trustee; and provided further, that any failure of the Trustee to
perform such duties and responsibilities that is caused by the
Company's failure to cooperate with the Trustee as required by
Section 7.01 shall not be considered a default by the Trustee
hereunder. As compensation therefor, the Trustee shall, except as
provided in Section 7.01, be entitled to such compensation as the
Company would have been entitled to hereunder if no such notice
of termination had been given. Notwithstanding the above, the
Trustee may, if it shall be unwilling so to act, or shall, if it
is legally unable so to act, appoint, or petition a court of
competent jurisdiction to appoint, any established housing and
home finance institution approved to service mortgage loans for
either FNMA or FHLMC, having a net worth of not less than
$10,000,000, as the successor to the Company hereunder in the
assumption of all or any part of the responsibilities, duties or
liabilities of the Company hereunder. Pending appointment of a
successor to the Company pursuant to this Article VII, unless the
Trustee is prohibited by law from so acting, the Trustee shall
act in such capacity as hereinabove provided. In connection with
such appointment and assumption, the Trustee may make such
arrangements for the compensation of such successor out of
payments on Mortgage Loans as it and such successor shall agree;
provided, however, that no such compensation shall be in excess
of that permitted the Company hereunder. The Trustee and such
successor shall take such action, consistent with this Agreement,
as shall be necessary to effectuate any such succession.
(b) Any successor, including the Trustee, to the
Company as servicer pursuant to this Article VII shall during the
term of its service as servicer maintain in force (i) a policy or
policies of insurance covering errors and omissions in the
performance of its obligations as servicer hereunder, and (ii) a
fidelity bond in respect of its officers, employees and agents to
the same extent as the Company is so required pursuant to Section
3.15.
Section 7.03. Notification to Certificateholders. Upon
any termination or appointment of a successor to the Company
pursuant to this Article VII, the Trustee shall give prompt
written notice thereof to Certificateholders at their respective
addresses appearing in the Certificate Register.
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ARTICLE VIII
THE TRUSTEE
Section 8.01. Duties of Trustee. The Trustee, prior to
the occurrence of an Event of Default and after the curing of all
Events of Default which may have occurred, undertakes to perform
such duties and only such duties as are specifically set forth in
this Agreement. If an Event of Default has occurred (which has
not been cured), the Trustee shall exercise such of the rights
and powers vested in it by this Agreement, and use the same
degree of care and skill in their exercise, as a prudent person
would exercise or use under the circumstances in the conduct of
his or her own affairs.
The Trustee, upon receipt of all resolutions,
certificates, statements, opinions, reports, documents, orders or
other instruments furnished to the Trustee which are specifically
required to be furnished pursuant to any provision of this
Agreement, shall examine them to determine whether they conform
to the requirements of this Agreement.
No provision of this Agreement shall be construed to
relieve the Trustee from liability for its own negligent action,
its own negligent failure to act or its own misconduct; provided,
however, that:
(i) Prior to the occurrence of an Event of Default,
and after the curing of all such Events of Default which
may have occurred, the duties and obligations of the
Trustee shall be determined solely by the express
provisions of this Agreement, the Trustee shall not be
liable except for the performance of such duties and
obligations as are specifically set forth in this
Agreement, no implied covenants or obligations shall be
read into this Agreement against the Trustee and, in the
absence of bad faith on the part of the Trustee, the
Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed
therein, upon any certificates or opinions furnished to the
Trustee and conforming to the requirements of this
Agreement;
(ii) The Trustee shall not be personally liable for an
error of judgment made in good faith by a Responsible
Officer of the Trustee, unless it shall be proved that the
Trustee was negligent in performing its duties in
accordance with the terms of this Agreement;
(iii) The Trustee shall not be personally liable with
respect to any action taken, suffered or omitted to be
taken by it in good faith in accordance with the direction
of the Holders of Certificates of each Class affected
thereby
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evidencing, as to each such Class, Percentage Interests
aggregating not less than 25%, relating to the time, method
and place of conducting any proceeding for any remedy
available to the Trustee, or exercising any trust or power
conferred upon the Trustee, under this Agreement; and
(iv) The Trustee shall not be charged with knowledge of
(A) any failure by the Company to comply with the
obligations of the Company referred to in clauses (i) and
(ii) of Section 7.01, (B) the rating downgrade referred to
in the definition of "Trigger Event" or (C) any failure by
the Company to comply with the obligations of the Company
to record the assignments of Mortgages referred to in
Section 2.01 unless a Responsible Officer of the Trustee at
the Corporate Trust Office obtains actual knowledge of such
failures, occurrence or downgrade or the Trustee receives
written notice of such failures, occurrence or downgrade
from the Company or the Holders of Certificates of each
Class affected thereby evidencing, as to each such Class,
Percentage Interests aggregating not less than 25%.
Subject to any obligation of the Trustee to make
Monthly Advances as provided herein, the Trustee shall not be
required to expend or risk its own funds or otherwise incur
financial liability in the performance of any of its duties
hereunder, or in the exercise of any of its rights or powers, if
there is reasonable ground for believing that the repayment of
such funds or adequate indemnity against such risk or liability
is not reasonably assured to it, and none of the provisions
contained in this Agreement shall in any event require the
Trustee to perform, or be responsible for the manner of
performance of, any of the obligations of the Company under this
Agreement, except during such time, if any, as the Trustee shall
be the successor to, and be vested with the rights, duties,
powers and privileges of, the Company in accordance with the
terms of this Agreement.
Section 8.02. Certain Matters Affecting the Trustee.
Except as otherwise provided in Section 8.01:
(i) The Trustee may conclusively rely and shall be
protected in acting or refraining from acting upon any
resolution, Officer's Certificate, certificate of auditors
or any other certificate, statement, instrument, opinion,
report, notice, request, consent, order, appraisal, bond or
other paper or document believed by it to be genuine and to
have been signed or presented by the proper party or
parties;
(ii) The Trustee may consult with counsel and any
Opinion of Counsel shall be full and complete authorization
and protection in respect of any action taken or suffered
or
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omitted by it hereunder in good faith and in accordance with
such Opinion of Counsel;
(iii) The Trustee shall be under no obligation to
exercise any of the rights or powers vested in it by this
Agreement, or to institute, conduct or defend any
litigation hereunder or in relation hereto, at the request,
order or direction of any of the Certificateholders,
pursuant to the provisions of this Agreement, unless such
Certificateholders shall have offered to the Trustee
reasonable security or indemnity against the costs,
expenses and liabilities which may be incurred therein or
thereby; nothing contained herein shall, however, relieve
the Trustee of the obligations, upon the occurrence of an
Event of Default (which has not been cured), to exercise
such of the rights and powers vested in it by this
Agreement, and to use the same degree of care and skill in
their exercise as a prudent person would exercise or use
under the circumstances in the conduct of his or her own
affairs;
(iv) The Trustee shall not be personally liable for any
action taken, suffered or omitted by it in good faith and
believed by it to be authorized or within the discretion or
rights or powers conferred upon it by this Agreement;
(v) Prior to the occurrence of an Event of Default and
after the curing of all Events of Default which may have
occurred, the Trustee shall not be bound to make any
investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion,
report, notice, request, consent, order, approval, bond or
other paper or documents, unless requested in writing so to
do by Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25%; provided, however,
that if the payment within a reasonable time to the Trustee
of the costs, expenses or liabilities likely to be incurred
by it in the making of such investigation is, in the
opinion of the Trustee, not reasonably assured to the
Trustee by the security afforded to it by the terms of this
Agreement, the Trustee may require reasonable indemnity
against such cost, expense or liability as a condition to
such proceeding. The reasonable expense of every such
investigation shall be paid by the Company or, if paid by
the Trustee, shall be reimbursed by the Company upon
demand. Nothing in this clause (v) shall derogate from the
obligation of the Company to observe any applicable law
prohibiting disclosure of information regarding the
Mortgagors; and
(vi) The Trustee may execute any of the trusts or
powers hereunder or perform any duties hereunder either
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directly or by or through agents or attorneys or a
custodian.
Section 8.03. Trustee Not Liable for Certificates or
Mortgage Loans. The recitals contained herein and in the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) shall be taken as the statements
of the Company, and the Trustee assumes no responsibility for the
correctness of the same. The Trustee makes no representations as
to the validity or sufficiency of this Agreement or of the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) or of any Mortgage Loan or
related document. The Trustee shall not be accountable for the
use or application by the Company of any of the Certificates or
of the proceeds of such Certificates, or for the use or
application of any funds paid to the Company in respect of the
Mortgage Loans or deposited in or withdrawn from the Certificate
Account by the Company.
Section 8.04. Trustee May Own Certificates. The
Trustee in its individual or any other capacity may become the
owner or pledgee of Certificates with the same rights as it would
have if it were not Trustee.
Section 8.05. The Company to Pay Trustee's Fees and
Expenses. The Company covenants and agrees to pay to the Trustee
from time to time, and the Trustee shall be entitled to,
reasonable compensation (which shall not be limited by any
provision of law in regard to the compensation of a trustee of an
express trust) for all services rendered by it in the execution
of the trusts hereby created and in the exercise and performance
of any of the powers and duties hereunder of the Trustee, and the
Company will pay or reimburse the Trustee upon its request for
all reasonable expenses, disbursements and advances (including
any Monthly Advances of the Trustee not previously reimbursed
thereto pursuant to Section 3.04) incurred or made by the Trustee
in accordance with any of the provisions of this Agreement
(including the reasonable compensation and the expenses and
disbursements of its counsel and of all persons not regularly in
its employ) except any such expense, disbursement or advance as
may arise from its negligence or bad faith or which is the
responsibility of Certificateholders hereunder. In addition, the
Company covenants and agrees to indemnify the Trustee from, and
hold it harmless against, any and all losses, liabilities,
damages, claims or expenses other than those resulting from the
negligence or bad faith of the Trustee. From time to time, the
Trustee may request that the Company debit the Mortgage Loan
Payment Record pursuant to Section 3.04 to reimburse the Trustee
for any Monthly Advances and Nonrecoverable Advances.
Section 8.06. Eligibility Requirements for Trustee.
The Trustee hereunder shall at all times be a corporation having
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its principal office either in the State of New York or in the
same state as that in which the initial Trustee under this
Agreement has its principal office and organized and doing
business under the laws of such State or the United States of
America, authorized under such laws to exercise corporate trust
powers, having a combined capital and surplus of at least
$50,000,000 and subject to supervision or examination by federal
or state authority. If such corporation publishes reports of
condition at least annually, pursuant to law or to the
requirements of the aforesaid supervising or examining authority,
then for the purposes of this Section 8.06, the combined capital
and surplus of such corporation shall be deemed to be its
combined capital and surplus as set forth in its most recent
report of condition so published. The Trustee shall not be an
affiliate of the Company. In case at any time the Trustee shall
cease to be eligible in accordance with the provisions of this
Section 8.06, the Trustee shall resign immediately in the manner
and with the effect specified in Section 8.07.
Section 8.07. Resignation or Removal of Trustee. The
Trustee may at any time resign and be discharged from the trusts
hereby created by giving written notice thereof to the Company.
Upon receiving such notice of resignation, the Company shall
promptly appoint a successor Trustee by written instrument, in
duplicate, one copy of which instrument shall be delivered to the
resigning Trustee and one copy to the successor Trustee. If no
successor Trustee shall have been so appointed and having
accepted appointment within 30 days after the giving of such
notice of resignation, the resigning Trustee may petition any
court of competent jurisdiction for the appointment of a
successor Trustee.
If the conditions in any of the following clauses (i),
(ii) or (iii) shall occur at any time, the Company may remove the
Trustee: (i) the Trustee shall cease to be eligible in accordance
with the provisions of Section 8.06 and shall fail to resign
after written request therefor by the Company; (ii) the Trustee
shall be legally unable to act, or shall be adjudged a bankrupt
or insolvent, or a receiver of the Trustee or of its property
shall be appointed, or any public officer shall take charge or
control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation; or (iii)
the replacement of the Trustee with a successor Trustee will
enable the Company to avoid (and should, based on the information
included in the notice referred to below, result in the avoidance
of) a downgrading of the ratings assigned to the Certificates by
the Rating Agencies (whether or not other actions could avoid
such downgrading) and no Event of Default, as provided by Section
7.01 hereof, shall have occurred or be continuing; provided,
however, that no action shall be taken pursuant to this clause
(iii) unless reasonable notice shall have been provided to the
Trustee, which notice shall set forth the
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basis for any rating downgrade as contemplated by the Rating
Agencies and shall also indicate the manner in which such
proposed action is intended to avoid such downgrade. If it
removes the Trustee under the authority of the immediately
preceding sentence, the Company shall promptly appoint a
successor trustee by written instrument, in duplicate, one copy
of which instrument shall be delivered to the Trustee so removed
and one copy to the successor trustee.
Any resignation or removal of the Trustee and
appointment of a successor Trustee pursuant to any of the
provisions of this Section 8.07 shall not become effective until
acceptance of appointment by the successor Trustee as provided in
Section 8.08.
Section 8.08. Successor Trustee. Any successor Trustee
appointed as provided in Section 8.07 shall execute, acknowledge
and deliver to the Company and to its predecessor Trustee an
instrument accepting such appointment hereunder, and thereupon
the resignation or removal of the predecessor Trustee shall
become effective and such successor Trustee, without any further
act, deed or conveyance, shall become fully vested with all the
rights, powers, duties and obligations of its predecessor
hereunder, with like effect as if originally named as Trustee.
The predecessor Trustee shall deliver to the successor Trustee
all Mortgage Files and related documents and statements held by
it hereunder; and the Company and the predecessor Trustee shall
execute and deliver such instruments and do such other things as
may reasonably be required for fully and certainly vesting and
confirming in the successor Trustee all such rights, powers,
duties and obligations.
No successor Trustee shall accept appointment as
provided in this Section 8.08 unless at the time of such
acceptance such successor Trustee shall be eligible under the
provisions of Section 8.06.
Upon acceptance of appointment by a successor Trustee
as provided in this Section 8.08, the Company shall mail notice
of the succession of such Trustee hereunder to all holders of
Certificates at their addresses as shown in the Certificate
Register. If the Company fails to mail such notice within 10 days
after acceptance of appointment by the successor Trustee, the
successor Trustee shall cause such notice to be mailed at the
expense of the Company.
Section 8.09. Merger or Consolidation of Trustee. Any
corporation into which the Trustee may be merged or converted or
with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which the Trustee
shall be a party, or any corporation succeeding to the corporate
trust business of the Trustee, shall be the successor of the
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Trustee hereunder, provided that such corporation shall be
eligible under the provisions of Section 8.06, without the
execution or filing of any paper or any further act on the part
of any of the parties hereto, anything herein to the contrary
notwithstanding.
Section 8.10. Appointment of Co-Trustee or Separate
Trustee. Notwithstanding any other provisions of this Agreement,
at any time, for the purpose of meeting any legal requirements of
any jurisdiction in which any part of the Trust Fund or property
securing any Mortgage Note may at the time be located, the
Company and the Trustee acting jointly shall have the power and
shall execute and deliver all instruments to appoint one or more
Persons approved by the Trustee to act as co-trustee or
co-trustees, jointly with the Trustee, of all or any part of the
Trust Fund, or separate trustee or separate trustees of any part
of the Trust Fund, and to vest in such Person or Persons, in such
capacity and for the benefit of the Certificateholders, such
title to the Trust Fund, or any part thereof, and, subject to the
other provisions of this Section 8.10, such powers, duties,
obligations, rights and trusts as the Company and the Trustee may
consider necessary or desirable. If the Company shall not have
joined in such appointment within 15 days after the receipt by it
of a request so to do, or in case an Event of Default shall have
occurred and be continuing, the Trustee alone shall have the
power to make such appointment. No co-trustee or separate trustee
hereunder shall be required to meet the terms of eligibility as a
successor trustee under Section 8.06 and no notice to
Certificateholders of the appointment of any co-trustee or
separate trustee shall be required under Section 8.08.
Every separate trustee and co-trustee shall, to the
extent permitted by law, be appointed and act subject to the
following provisions and conditions:
(i) All rights, powers, duties and obligations
conferred or imposed upon the Trustee shall be conferred or
imposed upon and exercised or performed by the Trustee and
such separate trustee or co-trustee jointly (it being
understood that such separate trustee or co-trustee is not
authorized to act separately without the Trustee joining in
such act), except to the extent that under any law of any
jurisdiction in which any particular act or acts are to be
performed (whether as Trustee hereunder or as successor to
the Company hereunder), the Trustee shall be incompetent or
unqualified to perform such act or acts, in which event
such rights, powers, duties and obligations (including the
holding of title to the Trust Fund or any portion thereof
in any such jurisdiction) shall be exercised and performed
singly by such separate trustee or co-trustee, but solely
at the direction of the Trustee;
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(ii) No trustee hereunder shall be held personally
liable by reason of any act or omission of any other trustee
hereunder; and
(iii) The Company and the Trustee acting jointly may at
any time accept the resignation of or remove any separate
trustee or co-trustee.
Any notice, request or other writing given to the
Trustee shall be deemed to have been given to each of the then
separate trustees and co-trustees, as effectively as if given to
each of them. Every instrument appointing any separate trustee or
co-trustee shall refer to this Agreement and the conditions of
this Article VIII. Each separate trustee and co-trustee, upon its
acceptance of the trusts conferred, shall be vested with the
estates or property specified in its instrument of appointment,
either jointly with the Trustee or separately, as may be provided
therein, subject to all the provisions of this Agreement,
specifically including every provision of this Agreement relating
to the conduct of, affecting the liability of, or affording
protection to, the Trustee. Every such instrument shall be filed
with the Trustee and a copy thereof given to the Company.
Any separate trustee or co-trustee may, at any time,
constitute the Trustee, its agent or attorney-in-fact, with full
power and authority, to the extent not prohibited by law, to do
any lawful act under or in respect of this Agreement on its
behalf and in its name. If any separate trustee or co-trustee
shall die, become incapable of acting, resign or be removed, all
of its estates, properties, rights, remedies and trusts shall
vest in and be exercised by the Trustee, to the extent permitted
by law, without the appointment of a new or successor trustee.
Section 8.11. Compliance with REMIC Provisions; Tax
Returns. The Trustee shall at all times act in such a manner in
the performance of its duties hereunder as shall be necessary to
prevent each of the Upper Tier REMIC and the Lower Tier REMIC
from failing to qualify as a REMIC and to prevent the imposition
of a tax on the Trust Fund or such REMICs. The Trustee, upon
request, will furnish the Company with all such information
within its possession as may be reasonably required in connection
with the preparation of all tax returns of the Trust Fund and any
Reserve Fund, and shall, upon request, execute such returns.
ARTICLE IX
TERMINATION
Section 9.01. Termination upon Repurchase by the
Company or Liquidation of All Mortgage Loans. Subject to Section
9.02, the respective obligations and responsibilities of the
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Company and the Trustee created hereby (other than the obligation
of the Trustee to make certain payments to Certificateholders
after the final Distribution Date and the obligation of the
Trustee to send certain notices as hereinafter set forth) shall
terminate upon the last action required to be taken by the
Trustee on the final Distribution Date pursuant to this Article
IX following the earlier of (a) the repurchase by the Company of
all Mortgage Loans and all REO Mortgage Loans remaining in the
Trust Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than any REO
Mortgage Loans described in the following clause) plus accrued
and unpaid interest thereon at the applicable Net Mortgage Rate
(less any amounts constituting previously unreimbursed Monthly
Advances) to the first day of the month in which such purchase
price is to be distributed to Certificateholders and (y) the
appraised value of any REO Mortgage Loan (less the good faith
estimate of the Company of Liquidation Expenses to be incurred in
connection with its disposal thereof), such appraisal to be
conducted by an appraiser mutually agreed upon by the Company and
the Trustee, and (b) the later of the final payment or other
liquidation (or any Monthly Advance with respect thereto) of the
last Mortgage Loan remaining in the Trust Fund or the disposition
of all property acquired upon foreclosure or by deed in lieu of
foreclosure of any Mortgage Loan; provided, however, that in no
event shall the Trust Fund created hereby continue beyond the
expiration of 21 years from the death of the last survivor of the
descendants of Joseph P. Kennedy, the late ambassador of the
United States of America to the Court of St. James's, living on
the date of this Agreement. The right of the Company to
repurchase all Mortgage Loans pursuant to clause (a) above shall
be conditioned upon the aggregate of the Scheduled Principal
Balance of the Outstanding Mortgage Loans, at the time of any
such repurchase, aggregating less than 10 percent of the
aggregate of the Scheduled Principal Balance of the Mortgage
Loans as of the Cut-off Date.
Notice of any termination, specifying the Distribution
Date upon which the Certificateholders may surrender their
Certificates to the Trustee for payment of the final distribution
and cancellation, shall be given promptly by the Trustee by
letter to Certificateholders mailed not earlier than the 15th day
and not later than the 25th day of the month next preceding the
month of such final distribution specifying (A) the Distribution
Date upon which final payment of the Certificates will be made
upon presentation and surrender of the Certificates at the office
of the Trustee therein designated, (B) the amount of any such
final payment and (C) that the Record Date otherwise applicable
to such Distribution Date is not applicable, payments being made
only upon presentation and surrender of the Certificates at the
office of the Trustee therein specified. The Trustee shall give
such notice to the Certificate Registrar at the time such notice
is given to Certificateholders. In the event such notice is
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given in connection with the exercise by the Company of its right
of repurchase, the Company shall deposit in the Certificate
Account not later than 11:00 a.m. on the Business Day prior to
the final Distribution Date in next-day funds an amount equal to
the price described above. Upon presentation and surrender of the
Certificates, the Trustee shall cause to be distributed to
Certificateholders an amount equal to the price calculated as
above provided, any such repurchase being in lieu of the
distribution otherwise required to be made on the Distribution
Date upon which the repurchase is effected. Upon certification to
the Trustee by a Servicing Officer following such final deposit,
the Trustee shall promptly release to the Company the Mortgage
Files for the repurchased Mortgage Loans.
On the final Distribution Date, the Trustee shall
distribute amounts on deposit in the Certificate Account in
accordance with the applicable priorities provided by Section
4.01 or Section 2.05(d) as the case may be. Distributions on each
Certificate shall be made on the final Distribution Date in the
manner specified in Section 4.02 but only upon presentation and
surrender of the Certificates.
In the event that all of the Certificateholders shall
not surrender their Certificates for cancellation within six
months after the date specified in the above-mentioned written
notice, the Trustee shall give a second written notice to the
remaining Certificateholders to surrender their Certificates for
cancellation and receive the final distribution with respect
thereto. If within one year after the second notice all the
Certificates shall not have been surrendered for cancellation,
the Trustee may take appropriate steps, or may appoint an agent
to take appropriate steps, to contact the remaining
Certificateholders concerning surrender of their Certificates,
and the cost thereof shall be paid out of the funds and other
assets which remain subject hereto.
Section 9.02. Additional Termination Requirements. (a)
In the event the Company exercises its purchase option as
provided in Section 9.01, the Trust Fund and each of the Upper
Tier REMIC and the Lower Tier REMIC established hereunder shall
be terminated in accordance with the following additional
requirements, unless the Trustee has been supplied with an
Opinion of Counsel to the effect that the failure to comply with
the requirements of this Section 9.02 will not (i) result in the
imposition of taxes on "prohibited transactions" of either of the
Upper Tier REMIC or the Lower Tier REMIC as defined in section
860F of the Code, or (ii) cause either of the Upper Tier REMIC or
the Lower Tier REMIC to fail to qualify as a REMIC at any time
that any Certificates are outstanding:
(i) Within 90 days prior to the final Distribution
Date set forth in the notice given by the Trustee under
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Section 9.01, the Company shall prepare and the Trustee
shall execute and adopt a plan of complete liquidation for
each of the Upper Tier REMIC and the Lower Tier REMIC
within the meaning of section 860F(a)(4)(A)(i) of the Code,
which shall be evidenced by such notice; and
(ii) Within 90 days after the time of adoption of such
a plan of complete liquidation, the Trustee shall sell all
of the assets of the Trust Fund to the Company for cash in
accordance with Section 9.01.
(b) By their acceptance of the Residual Certificates,
the Holders thereof hereby authorize the Trustee to adopt such a
plan of complete liquidation which authorization shall be binding
on all successor Holders of the Residual Certificates.
(c) On the final federal income tax return for each of
the Upper Tier REMIC and the Lower Tier REMIC, the Trustee will
attach a statement specifying the date of the adoption of the
plan of liquidation.
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01. Amendment. This Agreement may be
amended from time to time by the Company and the Trustee, without
the consent of any of the Certificateholders, to cure any
ambiguity, to correct or supplement any provisions herein or
therein which may be defective or inconsistent with any other
provisions herein, or to add any other provisions with respect to
matters or questions arising under this Agreement, which shall
not be materially inconsistent with the provisions of this
Agreement; provided, however, that such action shall not, as
evidenced by an Opinion of Counsel, adversely affect in any
material respect the interests of any Certificateholder.
Notwithstanding the foregoing, without the consent of the
Certificateholders, the Trustee and the Company may at any time
and from time to time amend this Agreement to modify, eliminate
or add to any of its provisions to such extent as shall be
necessary or appropriate to maintain the qualification of each of
the Upper Tier REMIC and the Lower Tier REMIC as a REMIC under
the Code or to avoid or minimize the risk of the imposition of
any tax on the Trust Fund pursuant to the Code that would be a
claim against the Trust Fund at any time prior to the final
redemption of the Certificates, provided that the Trustee has
obtained an opinion of independent counsel (which opinion also
shall be addressed to the Company) to the effect that such action
is necessary or appropriate to maintain such qualification or to
avoid or minimize the risk of the imposition of such a tax.
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This Agreement may also be amended from time to time
by the Company and the Trustee with the consent of Holders of
Certificates evidencing (i) not less than 66% of the Voting
Rights of all the Certificates or (ii) Percentage Interests
aggregating not less than 66% of each Class affected by such
amendment, for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of
this Agreement, or of modifying in any manner the rights of the
Holders of Certificates; provided, however, that no such
amendment shall (a) reduce in any manner the amount of, or delay
the timing of, collections of payments on the Mortgage Loans or
distributions which are required to be made on any Certificate
without the consent of the Holder of such Certificate, (b)
adversely affect in any material respects the interests of the
Holders of any Class of Certificates in any manner other than as
described in (a), without the consent of the Holders of
Certificates evidencing Percentage Interests aggregating not less
than 66% of such Class, or (c) reduce the aforesaid percentages
of Certificates of any Class required to consent to any such
amendment, without the consent of the Holders of all Certificates
of such Class then outstanding. For purposes of this paragraph,
references to "Holder" or "Holders" shall be deemed to include,
in the case of any Class of Book-Entry Certificates, the related
Certificate Owners.
Notwithstanding any contrary provision of this
Agreement, the Trustee shall not consent to any amendment to this
Agreement unless it shall have first received an Opinion of
Counsel to the effect that such amendment will not subject the
Trust Fund to tax or cause either of the Upper Tier REMIC or the
Lower Tier REMIC to fail to qualify as a REMIC at any time that
any Certificates are outstanding.
Promptly after the execution of any such amendment or
consent the Trustee shall furnish written notification of the
substance of such amendment to each Certificateholder.
It shall not be necessary for the consent of
Certificateholders under this Section 10.01 to approve the
particular form of any proposed amendment, but it shall be
sufficient if such consent shall approve the substance thereof.
The manner of obtaining such consents and of evidencing the
authorization of the execution thereof by Certificateholders
shall be subject to such reasonable requirements as the Trustee
may prescribe.
Section 10.02. Recordation of Agreement. This
Agreement is subject to recordation in all appropriate public
offices for real property records in all the counties or other
comparable jurisdictions in which any or all of the properties
subject to the Mortgages are situated, and in any other
appropriate public recording office or elsewhere, such
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recordation to be effected by the Company and at its expense on
direction by the Trustee, but only upon direction of the Trustee
accompanied by an Opinion of Counsel to the effect that such
recordation materially and beneficially affects the interests of
Certificateholders.
For the purpose of facilitating the recordation of
this Agreement as herein provided and for other purposes, this
Agreement may be executed simultaneously in any number of
counterparts, each of which counterparts shall be deemed to be an
original, and such counterparts shall constitute but one and the
same instrument.
Section 10.03. Limitation on Rights of
Certificateholders. The death or incapacity of any
Certificateholder shall not operate to terminate this Agreement
or the Trust Fund, nor entitle such Certificateholder's legal
representatives or heirs to claim an accounting or to take any
action or commence any proceeding in any court for a partition or
winding up of the Trust Fund, nor otherwise affect the rights,
obligations and liabilities of the parties hereto or any of them.
No Certificateholder shall have any right to vote
(except as provided in Section 10.01) or in any manner otherwise
control the operation and management of the Trust Fund, or the
obligations of the parties hereto, nor shall anything herein set
forth, or contained in the terms of the Certificates, be
construed so as to constitute the Certificateholders from time to
time as partners or members of an association; nor shall any
Certificateholder be under any liability to any third person by
reason of any action taken by the parties to this Agreement
pursuant to any provision hereof.
No Certificateholder shall have any right by virtue or
by availing itself of any provisions of this Agreement to
institute any suit, action or proceeding in equity or at law upon
or under or with respect to this Agreement, unless such Holder
previously shall have given to the Trustee a written notice of
default and of the continuance thereof, as hereinbefore provided,
and unless also the Holders of Certificates of each Class
affected thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25% shall have made written
request upon the Trustee to institute such action, suit or
proceeding in its own name as Trustee hereunder and shall have
offered to the Trustee such reasonable indemnity as it may
require against the costs, expenses and liabilities to be
incurred therein or thereby, and the Trustee, for 60 days after
its receipt of such notice, request and offer of indemnity, shall
have neglected or refused to institute any such action, suit or
proceeding; it being understood and intended, and being expressly
covenanted by each Certificateholder with every other
Certificateholder and the Trustee, that no one or more Holders of
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Certificates shall have any right in any manner whatever by
virtue or by availing itself or themselves of any provisions of
this Agreement to affect, disturb or prejudice the rights of the
Holders of any other of the Certificates, or to obtain or seek to
obtain priority over or preference to any other such Holder, or
to enforce any right under this Agreement, except in the manner
herein provided and for the equal, ratable and common benefit of
all Certificateholders. For the protection and enforcement of the
provisions of this Section 10.03, each and every
Certificateholder and the Trustee shall be entitled to such
relief as can be given either at law or in equity.
Section 10.04. Governing Law. THIS AGREEMENT SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
Section 10.05. Notices. All demands, notices and
communications hereunder shall be in writing and shall be deemed
to have been duly given if personally delivered at or mailed by
certified mail, return receipt requested, (a) in the case of the
Company, to GE Capital Mortgage Services, Inc., 3 Executive
Campus, Cherry Hill, New Jersey 08002, Attention: General
Counsel, (b) in the case of the Trustee, to State Street Bank and
Trust Company, Corporate Trust Department, 225 Franklin Street,
Boston, Massachusetts 02110, (c) in the case of Fitch, to Fitch
Investors Service, L.P., One State Street Plaza, New York, New
York 10004, Attention: Structured Finance Surveillance, and (d)
in the case of S&P, to Standard & Poor's Rating Services, 26
Broadway, 15th Floor, New York, New York 10004, Attention:
Mortgage Surveillance Group, or, as to each such Person, at such
other address as shall be designated by such Person in a written
notice to each other named Person. Any notice required or
permitted to be mailed to a Certificateholder shall be given by
first class mail, postage prepaid, at the address of such Holder
as shown in the Certificate Register. Any notice so mailed within
the time prescribed in this Agreement shall be conclusively
presumed to have been duly given, whether or not the
Certificateholder receives such notice.
Section 10.06. Notices to the Rating Agencies. The
Company shall deliver written notice of the following events to
each Rating Agency promptly following the occurrence thereof:
material amendment to this Agreement; any Event of Default; any
Trigger Event; change in or termination of the Trustee; removal
of the Company or any successor servicer as servicer; repurchase
or replacement of any Defective Mortgage Loan pursuant to Section
2.03; and final payment to Certificateholders. In addition, the
Company shall deliver copies of the following documents to each
Rating Agency at the time such documents are required to be
delivered pursuant to this Agreement: monthly statements to
Certificateholders pursuant to Section 4.05, annual report of
139
<PAGE>
independent accountants pursuant to Section 3.13 and annual
servicer compliance report pursuant to Section 3.12.
Notwithstanding the foregoing, the failure to deliver such
notices or copies shall not constitute an Event of Default under
this Agreement.
Section 10.07. Severability of Provisions. If any one
or more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever held invalid, then
to the extent permitted by law such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement or of the Certificates or the
rights of the Holders thereof.
Section 10.08. Certificates Nonassessable and Fully
Paid. It is the intention of the Trustee that Certificateholders
shall not be personally liable for obligations of the Trust Fund,
that the beneficial ownership interests represented by the
Certificates shall be nonassessable for any losses or expenses of
the Trust Fund or for any reason whatsoever, and that
Certificates upon execution, countersignature and delivery
thereof by the Trustee are and shall be deemed fully paid.
* * *
140
<PAGE>
IN WITNESS WHEREOF, the Company and the Trustee have
caused this Agreement to be duly executed by their respective
officers and their respective seals, duly attested, to be
hereunto affixed, all as of the day and year first above written.
GE CAPITAL MORTGAGE
SERVICES, INC.
By:---------------------------------
Name:
Title:
[SEAL]
Attest:
By:---------------------------------
Name:
Title:
STATE STREET BANK AND
TRUST COMPANY,
as Trustee
By:---------------------------------
Name:
Title:
[SEAL]
Attest:
By:---------------------------------
Name:
Title:
<PAGE>
State of New Jersey )
) ss.:
County of Camden )
On the day of September, 1997 before me, a notary
public in and for the State of New Jersey, personally appeared
_______________________, known to me who, being by me duly sworn,
did depose and say that he/she resides at
- -------------------------------------------------------------;
that he/she is a(n) _________________________ of GE Capital
Mortgage Services, Inc., a corporation formed under the laws of
the State of New Jersey, one of the parties that executed the
foregoing instrument; that he/she knows the seal of said
corporation; that the seal affixed to said instrument is such
corporate seal; that it was so affixed by order of the Board of
Directors of said corporation; and that he/she signed his/her
name thereto by like order.
---------------------------------
Notary Public
[Notarial Seal]
<PAGE>
The Commonwealth of Massachusetts )
) ss.:
County of Suffolk )
On the day of September, 1997 before me, a notary
public in and for the Commonwealth of Massachusetts, personally
appeared ____________________, known to me who, being by me duly
sworn, did depose and say that he/she resides at
- ---------------------------------------------------------------;
that he/she is a(n) __________________________________ of State
Street Bank and Trust Company, one of the parties that executed
the foregoing instrument; that he/she knows the seal of said
Bank; that the seal affixed to said instrument is such corporate
seal; that it was so affixed by order of the Board of Directors
of said Bank; and that he/she signed his/her name thereto by
order of the Board of Directors of said Bank.
---------------------------------
Notary Public
[Notarial Seal]
<PAGE>
EXHIBIT A
FORMS OF CERTIFICATES
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A1 Certificate
Principal Balance:
Class A1 $18,563,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAB0
October 27, 1997
2
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
3
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-8, issued in twenty-nine Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class A14, Class A15, Class A16, Class A17, Class A18, Class A19,
Class R, Class RL, Class M, Class B1, Class B2, Class B3, Class
B4, Class B5, Class PO and Class S, herein called the
"Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
4
<PAGE>
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
5
<PAGE>
No transfer of any Class R and Class RL Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R and Class RL Certificate or (y) is an
insurance company investing assets of its general account and the
Exemption applies to such transferee's acquisition and holding of
any such Class R and Class RL Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
6
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
7
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:--------------------------------
Name:
Title:
Countersigned:
By--------------------------------
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY, not
in its individual capacity but
solely as Trustee
Dated:----------------------------
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:------------------
- -------------------------------------
Signature by or on behalf of assignor
- ------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
2
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
3
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A2 Certificate
Principal Balance:
Class A2 $13,339,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAC8
October 27, 1997
4
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A2 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
5
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
6
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
7
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A3 Certificate
Principal Balance:
Class A3 $29,292,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAD6
October 27, 1997
8
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
9
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
10
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
11
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A4 Certificate
Principal Balance:
Class A4 $13,131,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAE4
October 27, 1997
12
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A4 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
13
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
14
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
15
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A5 Certificate
Principal Balance:
Class A5 $18,652,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAF1
October 27, 1997
16
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A5 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
17
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
18
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
19
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A6 Certificate
Principal Balance:
Class A6 $21,902,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAG9
October 27, 1997
20
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A6 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
21
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
22
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
23
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A7 Certificate
Principal Balance:
Class A7 $99,594,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAH7
October 27, 1997
24
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A7 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
25
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
26
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
27
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A8 Certificate
Principal Balance:
Class A8 $55,000,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAJ3
October 27, 1997
28
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A8 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
29
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
30
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
31
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A9 Certificate
Principal Balance:
Class A9 $4,251,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAK0
October 27, 1997
32
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A9 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
33
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
34
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
35
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A10 Certificate
Principal Balance:
Class A10 $11,731,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAL8
October 27, 1997
36
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A10 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
37
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
38
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
39
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A11 Certificate
Principal Balance:
Class A11 $21,579,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAM6
October 27, 1997
40
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A11 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
41
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
42
<PAGE>
PRINCIPAL WILL NOT BE DISTRIBUTABLE IN RESPECT OF THIS
CERTIFICATE. INTEREST IS CALCULATED ON THIS CERTIFICATE BASED ON
THE NOTIONAL PRINCIPAL BALANCE HEREOF, WHICH IS EQUAL TO A
PERCENTAGE OF THE SUM OF THE CLASS CERTIFICATE PRINCIPAL BALANCES
OF OTHER CLASSES OF CERTIFICATES. ACCORDINGLY, THE NOTIONAL
PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS
THAN THE INITIAL NOTIONAL PRINCIPAL BALANCE OF THIS CERTIFICATE
AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT REPRESENT AN
INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC.
OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
43
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A12 Notional
Principal Balance:
Class A12 $4,212,067
Certificate Interest Initial Notional
Rate per annum: 7.25% Principal Balance of this
Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAN4
October 27, 1997
44
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Notional
Principal Balance of this Certificate by the aggregate initial
Notional Principal Balance of all Class A12 Certificates, both as
specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
45
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
46
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
47
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A13 Certificate
Principal Balance:
Class A13 $29,722,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAP9
October 27, 1997
48
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A13 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
49
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
50
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
51
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A14 Certificate
Principal Balance:
Class A14 $28,039,777
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAQ7
October 27, 1997
52
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A14 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
53
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
54
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
55
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A15 Certificate
Principal Balance:
Class A15 $6,768,223
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAR5
October 27, 1997
56
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A15 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
57
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
58
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
59
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A16 Certificate
Principal Balance:
Class A16 $77,822,900
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAS3
October 27, 1997
60
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A16 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
61
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
62
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
63
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A17 Certificate
Principal Balance:
Class A17 $30,000,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.125% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAT1
October 27, 1997
64
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A17 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
65
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
66
<PAGE>
PRINCIPAL WILL NOT BE DISTRIBUTABLE IN RESPECT OF THIS
CERTIFICATE. INTEREST IS CALCULATED ON THIS CERTIFICATE BASED ON
THE NOTIONAL PRINCIPAL BALANCE HEREOF, WHICH IS EQUAL TO THE
CLASS CERTIFICATE PRINCIPAL BALANCES OF OTHER CLASSES OF
CERTIFICATES. ACCORDINGLY, THE NOTIONAL PRINCIPAL BALANCE OF THIS
CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL
PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE
CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED
HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
67
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A18 Notional
Principal Balance:
Class A18 $30,000,000
Certificate Interest Initial Notional Principal
Rate per annum: 0.065% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAU8
October 27, 1997
68
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Notional
Principal Balance of this Certificate by the aggregate initial
Notional Principal Balance of all Class A18 Certificates, both as
specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
69
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
70
<PAGE>
PRINCIPAL WILL NOT BE DISTRIBUTABLE IN RESPECT OF THIS
CERTIFICATE. INTEREST IS CALCULATED ON THIS CERTIFICATE BASED ON
THE NOTIONAL PRINCIPAL BALANCE HEREOF, WHICH IS EQUAL TO THE
CLASS CERTIFICATE PRINCIPAL BALANCES OF OTHER CLASSES OF
CERTIFICATES. ACCORDINGLY, THE NOTIONAL PRINCIPAL BALANCE OF THIS
CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL
PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE
CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED
HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
71
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A19 Notional
Principal Balance:
Class A19 $30,000,000
Certificate Interest Initial Notional Principal
Rate per annum: 0.060% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAV6
October 27, 1997
72
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Notional
Principal Balance of this Certificate by the aggregate initial
Notional Principal Balance of all Class A19 Certificates, both as
specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
73
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
74
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
75
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class M Certificate
Principal Balance:
Class M $7,768,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAZ7
October 27, 1997
76
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class M Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
77
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-8, issued in twenty-nine Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class A14, Class A15, Class A16, Class A17, Class A18, Class A19,
Class R, Class RL, Class M, Class B1, Class B2, Class B3, Class
B4, Class B5, Class PO and Class S, herein called the
"Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
78
<PAGE>
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
79
<PAGE>
No transfer of any Class R and Class RL Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R and Class RL Certificate or (y) is an
insurance company investing assets of its general account and the
Exemption applies to such transferee's acquisition and holding of
any such Class R and Class RL Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
80
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
81
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By______________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:------------------
- -------------------------------------
Signature by or on behalf of assignor
- ------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
2
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
3
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
1 Initial Class B1 Certificate
Principal Balance:
Class B1 $4,761,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NBA1
October 27, 1997
4
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on this
5
<PAGE>
Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
6
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
7
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B1 Certificate
Principal Balance:
Class B1 $4,761,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NBA1
October 27, 1997
8
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
9
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
10
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
11
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B2 Certificate
Principal Balance:
Class B2 $3,759,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NBB9
October 27, 1997
12
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B2 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
13
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
14
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN.
15
<PAGE>
THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
16
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B3 Certificate
Principal Balance:
Class B3 $2,506,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NBD5
October 27, 1997
17
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
18
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-8, issued in twenty-nine Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class A14, Class A15, Class A16, Class A17, Class A18, Class A19,
Class R, Class RL, Class M, Class B1, Class B2, Class B3, Class
B4, Class B5, Class PO and Class S, herein called the
"Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
19
<PAGE>
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
20
<PAGE>
No transfer of any Class R and Class RL Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R and Class RL Certificate or (y) is an
insurance company investing assets of its general account and the
Exemption applies to such transferee's acquisition and holding of
any such Class R and Class RL Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
21
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
22
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:------------------
- -------------------------------------
Signature by or on behalf of assignor
- ------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
2
<PAGE>
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by the
undersigned to a person whom the undersigned
reasonably believes is a "qualified
institutional buyer" (as defined in Rule 144A
under the Securities Act of 1933, as amended)
pursuant to the exemption from registration
under the Securities Act of 1933, as amended,
provided by Rule 144A thereunder.
|_| (b) This Certificate is being transferred by the
undersigned to an institutional "accredited
investor" (as defined in Rule 501(a)(1), (2),
(3) or (7) of Regulation D under the
Securities Act of 1933, as amended) and that
the undersigned has been advised by the
prospective purchaser that it intends to hold
this Certificate for investment and not for
distribution or resale.
- ----------------------------- ---------------------------------
Dated
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the
3
<PAGE>
Securities Act of 1933, as amended) and acknowledges that it has
received such information as the undersigned has requested
pursuant to Rule 144A or has determined not to request such
information and that it is aware that the registered holder is
relying upon the undersigned's foregoing representations in order
to claim the exemption from registration provided by Rule 144A,
and (ii) the undersigned (x) is not an employee benefit plan
subject to the Employee Retirement Income Security Act of 1974,
as amended, or a plan subject to Section 4975 of the Internal
Revenue Code of 1986, as amended, and is not using the assets of
any such employee benefit or other plan to acquire this
Certificate or (y) is an insurance company investing assets of
its general account and the exemptions provided by Section III(a)
of Department of Labor Prohibited Transaction Exemption 95-60, 60
Fed. Reg. 35925 (July 12, 1995), apply to the acquisition and
holding by the undersigned of this Certificate.
Dated
- --------------------------- -----------------------------------
(Signature)
TO BE COMPLETED BY PURCHASER IF (b) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
an institutional "accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities
Act of 1933, as amended), and (ii) the undersigned (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended, or a plan subject to Section
4975 of the Internal Revenue Code of 1986, as amended, and is not
using the assets of any such employee benefit or other plan to
acquire this Certificate or (y) is an insurance company investing
assets of its general account and the exemptions provided by
Section III(a) of Department of Labor Prohibited Transaction
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995), apply to the
acquisition and holding by the undersigned of this Certificate.
Dated
- --------------------------- -----------------------------------
(Signature)
4
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN.
5
<PAGE>
THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
6
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B4 Certificate
Principal Balance:
Class B4 $751,700
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NBF0
October 27, 1997
7
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B4 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
8
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
9
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN.
10
<PAGE>
THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
11
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B5 Certificate
Principal Balance:
Class B5 $1,754,042.81
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NBH6
October 27, 1997
12
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B5 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
13
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
14
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE, BY
ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR
BOOK-ENTRY NOMINEES.
THE HOLDER OF THIS CLASS R CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY AS ITS AGENT AND
ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS PERSON" OF THE UPPER-TIER
REMIC TO PERFORM THE FUNCTIONS OF A "TAX MATTERS PARTNER" FOR
PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F OF THE CODE,
WITH RESPECT TO THE TRUST FUND.
15
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class R Certificate
Principal Balance:
Class R $50
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAW4
October 27, 1997
16
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class R Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
17
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-8, issued in twenty-nine Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class A14, Class A15, Class A16, Class A17, Class A18, Class A19,
Class R, Class RL, Class M, Class B1, Class B2, Class B3, Class
B4, Class B5, Class PO and Class S, herein called the
"Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
18
<PAGE>
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
19
<PAGE>
No transfer of any Class R and Class RL Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R and Class RL Certificate or (y) is an
insurance company investing assets of its general account and the
Exemption applies to such transferee's acquisition and holding of
any such Class R and Class RL Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
20
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
21
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:______________________________
Name:
Title:
Countersigned:
By_____________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:________________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:----------------------
- -------------------------------------
Signature by or on behalf of assignor
- ---------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust
company or broker of the signatory who is a member of a
signature guarantee medallion program.
2
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE, BY
ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR
BOOK-ENTRY NOMINEES.
THE HOLDER OF THIS CLASS R CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY AS ITS AGENT AND
ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS PERSON" OF THE LOWER-TIER
REMIC TO PERFORM THE FUNCTIONS OF A "TAX MATTERS PARTNER" FOR
PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F OF THE CODE,
WITH RESPECT TO THE TRUST FUND.
3
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class RL Certificate
Principal Balance:
Class RL $50
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAX2
October 27, 1997
4
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class RL Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
5
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
6
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "ACT"). ANY RESALE OR TRANSFER OF THIS
CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE ACT MAY ONLY
BE MADE IN A TRANSACTION EXEMPT FROM THE REGISTRATION
REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH SECTION 5.02 OF
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
7
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class PO Certificate
Principal Balance:
Class PO $461,302.42
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing $
Cut-off Date:
September 1, 1997
First Distribution Date: CUSIP: 36157NAY0
October 27, 1997
8
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class PO Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
9
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-8, issued in twenty-nine Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class A14, Class A15, Class A16, Class A17, Class A18, Class A19,
Class R, Class RL, Class M, Class B1, Class B2, Class B3, Class
B4, Class B5, Class PO and Class S, herein called the
"Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
10
<PAGE>
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Class
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the
"Exemption") applies to such transferee's acquisition and holding
of such Certificate, or (ii) an opinion of counsel satisfactory
to the Trustee, which opinion shall not be an expense of the
Trustee or the Company, to the effect that the purchase and
holding of such Certificate will not constitute or result in the
assets of the Trust Fund being deemed to be "plan assets" and
subject to the prohibited transaction provisions of ERISA or
Section 4975 and will not subject the Trustee or the Company to
any obligation in addition to those undertaken in the Agreement;
provided, however, that the Trustee will not require such
certificate or opinion in the event that, as a result of a change
of law or otherwise, counsel satisfactory to the Trustee has
rendered an opinion to the effect that the purchase and holding
of a Class M, Class B1, Class B2, Class B3, Class B4 or Class B5
Certificate by a Plan or a Person that is purchasing or holding
such Certificate with the assets of a Plan will not constitute or
result in a prohibited transaction under ERISA or Section 4975.
11
<PAGE>
No transfer of any Class R and Class RL Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R and Class RL Certificate or (y) is an
insurance company investing assets of its general account and the
Exemption applies to such transferee's acquisition and holding of
any such Class R and Class RL Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
12
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
13
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_____________________________
Name:
Title:
Countersigned:
By_______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:----------------
- -------------------------------------
Signature by or on behalf of assignor
- ------------------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
2
<PAGE>
PRINCIPAL WILL NOT BE DISTRIBUTABLE IN RESPECT OF THIS
CERTIFICATE. INTEREST IS CALCULATED ON THIS CERTIFICATE BASED ON
THE CLASS S NOTIONAL PRINCIPAL BALANCE, WHICH, AS OF ANY
DISTRIBUTION DATE, IS EQUAL TO THE AGGREGATE SCHEDULED PRINCIPAL
BALANCE OF THE OUTSTANDING NON-DISCOUNT MORTGAGE LOANS AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). CONSEQUENTLY, THE
NOTIONAL PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE
LESS THAN THE INITIAL NOTIONAL PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "ACT"). ANY RESALE OR TRANSFER OF THIS
CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE ACT MAY ONLY
BE MADE IN A TRANSACTION EXEMPT FROM THE REGISTRATION
REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH SECTION 5.02 OF
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
3
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class S Notional
Principal Balance:
Class S $473,473,790.99
Certificate Interest Initial Notional Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
September 1, 1997
First Distribution Date:
October 27, 1997
4
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Notional
Principal Balance of this Certificate by the aggregate initial
Notional Principal Balance of all Class S Certificates, both as
specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in October 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
5
<PAGE>
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-8, issued in twenty-nine Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class A14, Class A15, Class A16, Class A17, Class A18, Class A19,
Class R, Class RL, Class M, Class B1, Class B2, Class B3, Class
B4, Class B5, Class PO and Class S, herein called the
"Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
6
<PAGE>
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class S Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Trust Fund being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 and will not subject the Trustee or the
Company to any obligation in addition to those undertaken in the
Agreement; provided, however, that the Trustee will not require
such certificate or opinion in the event that, as a result of a
change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and
holding of a Class S Certificate by a Plan or a Person that is
purchasing or holding such Certificate with the assets of a Plan
will not constitute or result in a prohibited transaction under
ERISA or Section 4975.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
7
<PAGE>
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees. The
Certificates are issuable only as registered Certificates without
coupons in denominations specified in the Agreement. As provided
in the Agreement and subject to certain limitations therein set
forth, Certificates are exchangeable for new Certificates of the
same Class of authorized denominations evidencing the same
aggregate Percentage Interest as requested by the Holder
surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
8
<PAGE>
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
9
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL) By:___________________________
Name:
Title:
Countersigned:
By__________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:______________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security or other identifying number of
assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address including postal
zip
code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:-----------------------
- -------------------------------------
Signature by or on behalf of assignor
- -----------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
EXHIBIT B
PRINCIPAL BALANCE SCHEDULES
<PAGE>
SCHEDULED BALANCES TABLE
The Scheduled Balances for the Scheduled Group Senior
Certificates, the Aggregate Type I PAC Balances for the Type I
PAC Certificates and the Aggregate Type II PAC Balances for the
Type II PAC Certificates set forth in the table below were
calculated on the basis of the Class Certificate Principal
Balances of the Scheduled Group Senior Certificates set forth on
the cover hereof and the other assumptions described in 'Yield
and Weighted Average Life Considerations--Weighted Average Lives
of the Certificates--Scheduled Group Senior Certificates' and
'--PAC Certificates' herein. If such Class Certificate Principal
Balances are increased or decreased in accordance with the
variance permitted hereby, the applicable balances set forth in
the table below will be increased or decreased substantially
correspondingly. In such event, the final Scheduled Balances
Table will be calculated on or about the Closing Date on the
basis of such revised Class Certificate Principal Balances and on
the basis of (1) the applicable Structuring Range of the Type I
PAC Certificates, the Type II PAC Certificates and the Scheduled
Group Senior Certificates and (2) the assumptions set forth in
clauses (i), (iv) through (viii) and (x) of the Modeling
Assumptions. The final Scheduled Balances Table will be set forth
in the Agreement, which will be filed as an exhibit to the
Detailed Description.
AGGREGATE SCHEDULED AGGREGATE TYPE I AGGREGATE TYPE II
DISTRIBUTION DATE SENIOR BALANCE PAC BALANCE PAC BALANCE
- ----------------- ------------------- ---------------- -----------------
Initial Balance.. $258,942,000.00 $ 104,136,000.00 $ 21,902,000.00
October 1997..... 258,530,565.70 103,878,565.19 21,902,000.00
November 1997.... 258,015,211.10 103,594,277.88 21,902,000.00
December 1997.... 257,396,043.56 103,283,178.17 21,902,000.00
January 1998..... 256,673,275.98 102,945,313.25 21,902,000.00
February 1998.... 255,847,227.19 102,580,737.35 21,902,000.00
March 1998....... 254,918,322.11 102,189,511.76 21,902,000.00
April 1998....... 253,887,091.76 101,771,704.81 21,902,000.00
May 1998......... 252,754,173.10 101,327,391.85 21,902,000.00
June 1998........ 251,520,308.64 100,856,655.24 21,902,000.00
July 1998........ 250,186,345.96 100,359,584.32 21,902,000.00
August 1998...... 248,753,236.97 99,836,275.42 21,902,000.00
September 1998... 247,222,037.00 99,286,831.79 21,902,000.00
October 1998..... 245,593,903.76 98,711,363.58 21,902,000.00
November 1998.... 243,870,096.03 98,109,987.86 21,902,000.00
December 1998.... 242,051,972.27 97,482,828.49 21,902,000.00
January 1999..... 240,140,988.99 96,830,016.17 21,902,000.00
February 1999.... 238,138,698.97 96,151,688.37 21,902,000.00
March 1999....... 236,046,749.28 95,447,989.24 21,902,000.00
April 1999....... 233,866,879.14 94,719,069.65 21,902,000.00
May 1999......... 231,600,917.68 93,965,087.06 21,902,000.00
June 1999........ 229,250,781.41 93,186,205.50 21,902,000.00
July 1999........ 226,818,471.64 92,382,595.54 21,902,000.00
August 1999...... 224,306,071.72 91,554,434.18 21,902,000.00
September 1999... 221,715,744.07 90,701,904.82 21,902,000.00
October 1999..... 219,049,727.17 89,825,197.19 21,902,000.00
November 1999.... 216,310,332.35 88,924,507.28 21,902,000.00
December 1999.... 213,499,940.41 88,000,037.27 21,902,000.00
January 2000..... 210,620,998.24 87,051,995.46 21,902,000.00
February 2000.... 207,676,015.20 86,080,596.20 21,902,000.00
<PAGE>
AGGREGATE SCHEDULED AGGREGATE TYPE I AGGREGATE TYPE II
DISTRIBUTION DATE SENIOR BALANCE PAC BALANCE PAC BALANCE
- ----------------- ------------------- ---------------- -----------------
March 2000....... 204,763,335.00 85,110,768.52 21,902,000.00
April 2000....... 201,882,612.84 84,142,505.15 21,902,000.00
May 2000......... 199,033,507.59 83,175,798.80 21,902,000.00
June 2000........ 196,215,681.74 82,210,642.22 21,902,000.00
July 2000........ 193,428,801.41 81,247,028.14 21,902,000.00
August 2000...... 190,672,536.25 80,284,949.30 21,902,000.00
September 2000... 187,946,559.46 79,324,398.46 21,902,000.00
October 2000..... 185,250,547.72 78,365,368.38 21,902,000.00
November 2000.... 182,584,181.13 77,407,851.82 21,902,000.00
December 2000.... 179,947,143.26 76,451,841.56 21,902,000.00
January 2001..... 177,339,121.00 75,497,330.38 21,902,000.00
February 2001.... 174,759,804.62 74,544,311.06 21,902,000.00
March 2001....... 172,208,887.68 73,592,776.39 21,902,000.00
April 2001....... 169,686,067.01 72,642,719.17 21,902,000.00
May 2001......... 167,191,042.68 71,694,132.20 21,902,000.00
June 2001........ 164,723,517.95 70,747,008.31 21,902,000.00
July 2001........ 162,283,199.27 69,801,340.30 21,902,000.00
August 2001...... 159,869,796.21 68,857,121.00 21,902,000.00
September 2001... 157,483,021.43 67,914,343.23 21,902,000.00
October 2001..... 155,122,590.69 66,972,999.84 21,902,000.00
November 2001.... 152,788,222.75 66,033,083.66 21,902,000.00
December 2001.... 150,479,639.40 65,094,587.55 21,902,000.00
January 2002..... 148,196,565.38 64,157,504.35 21,902,000.00
February 2002.... 145,938,728.39 63,221,826.93 21,902,000.00
March 2002....... 143,705,859.03 62,287,548.14 21,902,000.00
April 2002....... 141,497,690.78 61,354,660.87 21,902,000.00
May 2002......... 139,313,959.95 60,423,157.99 21,902,000.00
June 2002........ 137,154,405.71 59,493,032.38 21,902,000.00
July 2002........ 135,018,769.96 58,564,276.93 21,902,000.00
August 2002...... 132,906,797.41 57,636,884.53 21,902,000.00
September 2002... 130,818,235.48 56,710,848.09 21,902,000.00
October 2002..... 128,792,148.65 55,795,566.09 21,902,000.00
November 2002.... 126,788,763.79 54,881,597.96 21,902,000.00
December 2002.... 124,807,836.31 53,968,936.46 21,902,000.00
January 2003..... 122,849,124.19 53,057,574.32 21,902,000.00
February 2003.... 120,912,388.04 52,147,504.29 21,902,000.00
March 2003....... 118,997,390.98 51,238,719.12 21,902,000.00
April 2003....... 117,103,898.69 50,331,211.58 21,902,000.00
May 2003......... 115,231,679.34 49,424,974.42 21,902,000.00
June 2003........ 113,380,503.58 48,520,000.41 21,902,000.00
July 2003........ 111,550,144.49 47,616,282.30 21,902,000.00
August 2003...... 109,740,377.59 46,713,812.88 21,902,000.00
September 2003... 107,950,980.80 45,812,584.91 21,902,000.00
October 2003..... 106,194,174.88 44,915,655.26 21,902,000.00
<PAGE>
AGGREGATE SCHEDULED AGGREGATE TYPE I AGGREGATE TYPE II
DISTRIBUTION DATE SENIOR BALANCE PAC BALANCE PAC BALANCE
- ----------------- ------------------- ---------------- -----------------
November 2003.... 104,457,179.72 44,019,939.78 21,902,000.00
December 2003.... 102,739,780.84 43,125,431.21 21,902,000.00
January 2004..... 101,041,766.03 42,232,122.28 21,902,000.00
February 2004.... 99,362,925.35 41,340,005.75 21,902,000.00
March 2004....... 97,703,051.12 40,449,074.36 21,902,000.00
April 2004....... 96,061,937.87 39,559,320.85 21,902,000.00
May 2004......... 94,439,382.32 38,670,737.98 21,902,000.00
June 2004........ 92,835,183.39 37,783,318.50 21,902,000.00
July 2004........ 91,249,142.12 36,897,055.16 21,902,000.00
August 2004...... 89,681,061.69 36,011,940.72 21,902,000.00
September 2004... 88,132,545.13 35,127,967.94 21,902,000.00
October 2004..... 86,640,528.34 34,251,092.53 21,902,000.00
November 2004.... 85,172,464.96 33,375,313.38 21,902,000.00
December 2004.... 83,727,982.60 32,500,623.18 21,902,000.00
January 2005..... 82,306,714.56 31,627,014.65 21,902,000.00
February 2005.... 80,908,299.74 30,754,480.47 21,902,000.00
March 2005....... 79,532,382.54 29,883,013.36 21,902,000.00
April 2005....... 78,178,612.83 29,012,606.02 21,902,000.00
May 2005......... 76,846,645.80 28,143,251.14 21,902,000.00
June 2005........ 75,536,141.91 27,274,941.44 21,902,000.00
July 2005........ 74,246,766.82 26,407,669.63 21,902,000.00
August 2005...... 72,978,191.29 25,541,428.40 21,902,000.00
September 2005... 71,730,091.13 24,676,210.47 21,902,000.00
October 2005..... 70,530,053.64 23,817,766.88 21,902,000.00
November 2005.... 69,349,194.62 22,960,294.79 21,902,000.00
December 2005.... 68,187,215.44 22,103,786.88 21,902,000.00
January 2006..... 67,043,822.06 21,248,235.84 21,902,000.00
February 2006.... 65,918,724.94 20,393,634.37 21,902,000.00
March 2006....... 64,811,638.99 19,539,975.14 21,902,000.00
April 2006....... 63,722,283.49 18,687,250.85 21,902,000.00
May 2006......... 62,650,382.03 17,835,454.17 21,902,000.00
June 2006........ 61,595,662.45 16,984,577.80 21,902,000.00
July 2006........ 60,557,856.74 16,146,567.21 21,890,047.21
August 2006...... 59,536,701.03 15,326,166.10 21,861,390.59
September 2006... 58,531,935.49 14,523,012.81 21,816,384.51
October 2006..... 57,567,028.53 13,764,318.82 21,733,327.89
November 2006.... 56,617,291.86 13,021,118.87 21,635,618.07
December 2006.... 55,682,492.60 12,293,101.96 21,523,558.74
January 2007..... 54,762,401.42 11,579,963.28 21,397,447.44
February 2007.... 53,856,792.46 10,881,404.09 21,257,575.63
March 2007....... 52,965,443.30 10,197,131.53 21,104,228.85
April 2007....... 52,088,134.86 9,526,858.62 20,937,686.80
May 2007......... 51,224,651.40 8,870,304.03 20,758,223.51
June 2007........ 50,374,780.46 8,227,192.05 20,566,107.38
<PAGE>
AGGREGATE SCHEDULED AGGREGATE TYPE I AGGREGATE TYPE II
DISTRIBUTION DATE SENIOR BALANCE PAC BALANCE PAC BALANCE
- ----------------- ------------------- ---------------- -----------------
July 2007........ 49,538,312.80 7,597,252.44 20,361,601.35
August 2007...... 48,715,042.32 6,980,220.32 20,155,362.99
September 2007... 47,904,766.10 6,375,836.10 19,949,470.99
October 2007..... 47,107,284.26 5,783,845.32 19,743,979.93
November 2007.... 46,322,399.96 5,203,998.61 19,538,942.34
December 2007.... 45,549,919.35 4,636,051.54 19,334,408.80
January 2008..... 44,789,651.52 4,079,764.54 19,130,427.97
February 2008.... 44,041,408.47 3,534,902.82 18,927,046.64
March 2008....... 43,305,005.04 3,001,236.25 18,724,309.78
April 2008....... 42,580,258.88 2,478,539.28 18,522,260.59
May 2008......... 41,866,990.41 1,966,590.86 18,320,940.54
June 2008........ 41,165,022.78 1,465,174.32 18,120,389.45
July 2008........ 40,474,181.83 974,077.32 17,920,645.50
August 2008...... 39,794,296.04 493,091.75 17,721,745.29
September 2008... 39,125,196.49 22,013.62 17,523,723.86
October 2008..... 38,466,716.83 0.00 16,887,257.82
November 2008.... 37,818,693.25 0.00 16,239,234.24
December 2008.... 37,180,964.41 0.00 15,601,505.40
January 2009..... 36,553,371.43 0.00 14,973,912.42
February 2009.... 35,935,757.85 0.00 14,356,298.84
March 2009....... 35,327,969.57 0.00 13,748,510.56
April 2009....... 34,729,854.86 0.00 13,150,395.85
May 2009......... 34,141,264.29 0.00 12,561,805.28
June 2009........ 33,562,050.67 0.00 11,982,591.66
July 2009........ 32,992,069.10 0.00 11,412,610.09
August 2009...... 32,431,176.85 0.00 10,851,717.84
September 2009... 31,879,233.36 0.00 10,299,774.36
October 2009..... 31,336,100.24 0.00 9,756,641.23
November 2009.... 30,801,641.16 0.00 9,222,182.15
December 2009.... 30,275,721.91 0.00 8,696,262.90
January 2010..... 29,758,210.29 0.00 8,178,751.28
February 2010.... 29,248,976.13 0.00 7,669,517.12
March 2010....... 28,747,891.23 0.00 7,168,432.22
April 2010....... 28,254,829.36 0.00 6,675,370.36
May 2010......... 27,769,666.20 0.00 6,190,207.19
June 2010........ 27,292,279.32 0.00 5,712,820.31
July 2010........ 26,822,548.16 0.00 5,243,089.15
August 2010...... 26,360,354.00 0.00 4,780,894.99
September 2010... 25,905,579.93 0.00 4,326,120.92
October 2010..... 25,458,110.81 0.00 3,878,651.80
November 2010.... 25,017,833.27 0.00 3,438,374.26
December 2010.... 24,584,635.66 0.00 3,005,176.65
January 2011..... 24,158,408.03 0.00 2,578,949.02
February 2011.... 23,739,042.12 0.00 2,159,583.11
<PAGE>
AGGREGATE SCHEDULED AGGREGATE TYPE I AGGREGATE TYPE II
DISTRIBUTION DATE SENIOR BALANCE PAC BALANCE PAC BALANCE
- ----------------- ------------------- ---------------- -----------------
March 2011....... 23,326,431.30 0.00 1,746,972.29
April 2011....... 22,920,470.60 0.00 1,341,011.59
May 2011......... 22,521,056.60 0.00 941,597.59
June 2011........ 22,128,087.52 0.00 548,628.51
July 2011........ 21,741,463.08 0.00 162,004.07
August 2011...... 21,361,084.56 0.00 0.00
September 2011... 20,986,854.74 0.00 0.00
October 2011..... 20,618,677.88 0.00 0.00
November 2011.... 20,256,459.72 0.00 0.00
December 2011.... 19,900,107.41 0.00 0.00
January 2012..... 19,549,529.53 0.00 0.00
February 2012.... 19,204,636.08 0.00 0.00
March 2012....... 18,865,338.41 0.00 0.00
April 2012....... 18,531,549.23 0.00 0.00
May 2012......... 18,203,182.58 0.00 0.00
June 2012........ 17,880,153.83 0.00 0.00
July 2012........ 17,562,379.63 0.00 0.00
August 2012...... 17,249,777.91 0.00 0.00
September 2012... 16,942,267.84 0.00 0.00
October 2012..... 16,639,769.87 0.00 0.00
November 2012.... 16,342,205.61 0.00 0.00
December 2012.... 16,049,497.92 0.00 0.00
January 2013..... 15,761,570.80 0.00 0.00
February 2013.... 15,478,349.45 0.00 0.00
March 2013....... 15,199,760.18 0.00 0.00
April 2013....... 14,925,730.47 0.00 0.00
May 2013......... 14,656,188.86 0.00 0.00
June 2013........ 14,391,065.03 0.00 0.00
July 2013........ 14,130,289.72 0.00 0.00
August 2013...... 13,873,794.73 0.00 0.00
September 2013... 13,621,512.90 0.00 0.00
October 2013..... 13,373,378.11 0.00 0.00
November 2013.... 13,129,325.26 0.00 0.00
December 2013.... 12,889,290.22 0.00 0.00
January 2014..... 12,653,209.89 0.00 0.00
February 2014.... 12,421,022.08 0.00 0.00
March 2014....... 12,192,665.61 0.00 0.00
April 2014....... 11,968,080.21 0.00 0.00
May 2014......... 11,747,206.54 0.00 0.00
June 2014........ 11,529,986.16 0.00 0.00
July 2014........ 11,316,361.55 0.00 0.00
August 2014...... 11,106,276.07 0.00 0.00
September 2014... 10,899,673.93 0.00 0.00
October 2014..... 10,696,500.22 0.00 0.00
<PAGE>
AGGREGATE SCHEDULED AGGREGATE TYPE I AGGREGATE TYPE II
DISTRIBUTION DATE SENIOR BALANCE PAC BALANCE PAC BALANCE
- ----------------- ------------------- ---------------- -----------------
November 2014.... 10,496,700.85 0.00 0.00
December 2014.... 10,300,222.60 0.00 0.00
January 2015..... 10,107,013.03 0.00 0.00
February 2015.... 9,917,020.52 0.00 0.00
March 2015....... 9,730,194.26 0.00 0.00
April 2015....... 9,546,484.19 0.00 0.00
May 2015......... 9,365,841.05 0.00 0.00
June 2015........ 9,188,216.32 0.00 0.00
July 2015........ 9,013,562.24 0.00 0.00
August 2015...... 8,841,831.78 0.00 0.00
September 2015... 8,672,978.62 0.00 0.00
October 2015..... 8,506,957.19 0.00 0.00
November 2015.... 8,343,722.58 0.00 0.00
December 2015.... 8,183,230.61 0.00 0.00
January 2016..... 8,025,437.75 0.00 0.00
February 2016.... 7,870,301.16 0.00 0.00
March 2016....... 7,717,778.66 0.00 0.00
April 2016....... 7,567,828.71 0.00 0.00
May 2016......... 7,420,410.42 0.00 0.00
June 2016........ 7,275,483.53 0.00 0.00
July 2016........ 7,133,008.40 0.00 0.00
August 2016...... 6,992,946.00 0.00 0.00
September 2016... 6,855,257.91 0.00 0.00
October 2016..... 6,719,906.31 0.00 0.00
November 2016.... 6,586,853.94 0.00 0.00
December 2016.... 6,456,064.13 0.00 0.00
January 2017..... 6,327,500.78 0.00 0.00
February 2017.... 6,201,128.35 0.00 0.00
March 2017....... 6,076,911.85 0.00 0.00
April 2017....... 5,954,816.81 0.00 0.00
May 2017......... 5,834,809.33 0.00 0.00
June 2017........ 5,716,856.01 0.00 0.00
July 2017........ 5,600,923.96 0.00 0.00
August 2017...... 5,486,980.83 0.00 0.00
September 2017... 5,374,994.74 0.00 0.00
October 2017..... 5,264,934.33 0.00 0.00
November 2017.... 5,156,768.71 0.00 0.00
December 2017.... 5,050,467.47 0.00 0.00
January 2018..... 4,946,000.68 0.00 0.00
February 2018.... 4,843,338.86 0.00 0.00
March 2018....... 4,742,453.01 0.00 0.00
April 2018....... 4,643,314.56 0.00 0.00
May 2018......... 4,545,895.40 0.00 0.00
June 2018........ 4,450,167.83 0.00 0.00
<PAGE>
AGGREGATE SCHEDULED AGGREGATE TYPE I AGGREGATE TYPE II
DISTRIBUTION DATE SENIOR BALANCE PAC BALANCE PAC BALANCE
- ----------------- ------------------- ---------------- -----------------
July 2018........ 4,356,104.61 0.00 0.00
August 2018...... 4,263,678.91 0.00 0.00
September 2018... 4,172,864.32 0.00 0.00
October 2018..... 4,083,634.84 0.00 0.00
November 2018.... 3,995,964.86 0.00 0.00
December 2018.... 3,909,829.21 0.00 0.00
January 2019..... 3,825,203.06 0.00 0.00
February 2019.... 3,742,062.00 0.00 0.00
March 2019....... 3,660,381.99 0.00 0.00
April 2019....... 3,580,139.37 0.00 0.00
May 2019......... 3,501,310.84 0.00 0.00
June 2019........ 3,423,873.47 0.00 0.00
July 2019........ 3,347,804.68 0.00 0.00
August 2019...... 3,273,082.26 0.00 0.00
September 2019... 3,199,684.32 0.00 0.00
October 2019..... 3,127,589.33 0.00 0.00
November 2019.... 3,056,776.10 0.00 0.00
December 2019.... 2,987,223.75 0.00 0.00
January 2020..... 2,918,911.75 0.00 0.00
February 2020.... 2,851,819.88 0.00 0.00
March 2020....... 2,785,928.22 0.00 0.00
April 2020....... 2,721,217.20 0.00 0.00
May 2020......... 2,657,667.53 0.00 0.00
June 2020........ 2,595,260.21 0.00 0.00
July 2020........ 2,533,976.57 0.00 0.00
August 2020...... 2,473,798.21 0.00 0.00
September 2020... 2,414,707.03 0.00 0.00
October 2020..... 2,356,685.20 0.00 0.00
November 2020.... 2,299,715.18 0.00 0.00
December 2020.... 2,243,779.70 0.00 0.00
January 2021..... 2,188,861.77 0.00 0.00
February 2021.... 2,134,944.65 0.00 0.00
March 2021....... 2,082,011.89 0.00 0.00
April 2021....... 2,030,047.26 0.00 0.00
May 2021......... 1,979,034.83 0.00 0.00
June 2021........ 1,928,958.88 0.00 0.00
July 2021........ 1,879,803.95 0.00 0.00
August 2021...... 1,831,554.85 0.00 0.00
September 2021... 1,784,196.59 0.00 0.00
October 2021..... 1,737,714.43 0.00 0.00
November 2021.... 1,692,093.87 0.00 0.00
December 2021.... 1,647,320.63 0.00 0.00
January 2022..... 1,603,380.67 0.00 0.00
February 2022.... 1,560,260.14 0.00 0.00
<PAGE>
AGGREGATE SCHEDULED AGGREGATE TYPE I AGGREGATE TYPE II
DISTRIBUTION DATE SENIOR BALANCE PAC BALANCE PAC BALANCE
- ----------------- ------------------- ---------------- -----------------
March 2022....... 1,517,945.45 0.00 0.00
April 2022....... 1,476,423.18 0.00 0.00
May 2022......... 1,435,680.16 0.00 0.00
June 2022........ 1,395,703.40 0.00 0.00
July 2022........ 1,356,480.14 0.00 0.00
August 2022...... 1,317,997.80 0.00 0.00
September 2022... 1,280,244.01 0.00 0.00
October 2022..... 1,243,206.60 0.00 0.00
November 2022.... 1,206,873.58 0.00 0.00
December 2022.... 1,171,233.16 0.00 0.00
January 2023..... 1,136,273.72 0.00 0.00
February 2023.... 1,101,983.86 0.00 0.00
March 2023....... 1,068,352.32 0.00 0.00
April 2023....... 1,035,368.04 0.00 0.00
May 2023......... 1,003,020.13 0.00 0.00
June 2023........ 971,297.89 0.00 0.00
July 2023........ 940,190.76 0.00 0.00
August 2023...... 909,688.36 0.00 0.00
September 2023... 879,780.49 0.00 0.00
October 2023..... 850,457.09 0.00 0.00
November 2023.... 821,708.28 0.00 0.00
December 2023.... 793,524.31 0.00 0.00
January 2024..... 765,895.62 0.00 0.00
February 2024.... 738,812.78 0.00 0.00
March 2024....... 712,266.51 0.00 0.00
April 2024....... 686,247.68 0.00 0.00
May 2024......... 660,747.32 0.00 0.00
June 2024........ 635,756.59 0.00 0.00
July 2024........ 611,266.79 0.00 0.00
August 2024...... 587,269.36 0.00 0.00
September 2024... 563,755.89 0.00 0.00
October 2024..... 540,718.08 0.00 0.00
November 2024.... 518,147.78 0.00 0.00
December 2024.... 496,036.97 0.00 0.00
January 2025..... 474,377.76 0.00 0.00
February 2025.... 453,162.37 0.00 0.00
March 2025....... 432,383.17 0.00 0.00
April 2025....... 412,032.64 0.00 0.00
May 2025......... 392,103.37 0.00 0.00
June 2025........ 372,588.08 0.00 0.00
July 2025........ 353,479.61 0.00 0.00
August 2025...... 334,770.92 0.00 0.00
September 2025... 316,455.06 0.00 0.00
October 2025..... 298,525.21 0.00 0.00
<PAGE>
AGGREGATE SCHEDULED AGGREGATE TYPE I AGGREGATE TYPE II
DISTRIBUTION DATE SENIOR BALANCE PAC BALANCE PAC BALANCE
- ----------------- ------------------- ---------------- -----------------
November 2025.... 280,974.66 0.00 0.00
December 2025.... 263,796.81 0.00 0.00
January 2026..... 246,985.15 0.00 0.00
February 2026.... 230,533.29 0.00 0.00
March 2026....... 214,434.95 0.00 0.00
April 2026....... 198,683.92 0.00 0.00
May 2026......... 183,274.13 0.00 0.00
June 2026........ 168,199.59 0.00 0.00
July 2026........ 153,454.39 0.00 0.00
August 2026...... 139,032.75 0.00 0.00
September 2026... 124,928.95 0.00 0.00
October 2026..... 111,137.39 0.00 0.00
November 2026.... 97,652.55 0.00 0.00
December 2026.... 84,468.99 0.00 0.00
January 2027..... 71,581.38 0.00 0.00
February 2027.... 58,984.45 0.00 0.00
March 2027....... 46,673.05 0.00 0.00
April 2027....... 34,642.07 0.00 0.00
May 2027......... 22,886.52 0.00 0.00
June 2027........ 11,401.49 0.00 0.00
July 2027........ 182.12 0.00 0.00
August 2027...... 0.00 0.00 0.00
<PAGE>
EXHIBIT C
MORTGAGE LOANS
[Each Mortgage Loan shall be identified by loan
number, address of the Mortgaged Property and name of the
Mortgagor. The following details shall be set forth as to each
Mortgage Loan: (i) the principal balance at the time of its
origination, (ii) the Scheduled Principal Balance as of the
Cut-off Date, (iii) the interest rate borne by the Mortgage Note,
(iv) the scheduled monthly level payment of principal and
interest, (v) the loan-to-value ratio, (vi) the maturity date of
the Mortgage Note and (vii) the Servicing Fee Rate for such
Mortgage Loan.]
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007386428 MORTGAGORS: NEWTON JOHN
NEWTON BARBARA
REGION CODE ADDRESS : 42993 HEDGEAPPLE CT
00 CITY : ASHBURN
STATE/ZIP : VA 22011
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,007.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,897.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00500 MATURITY DATE : 01/01/26
CURRENT INT RATE: 7.00500 PRODUCT CODE : 002
LTV : 93.44262
----------------------------------------------------------------
0 0007570021 MORTGAGORS: TALAVERA DARRELL
REGION CODE ADDRESS : 3444 COUNTRY HAVEN CIRCLE
00 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.49828
----------------------------------------------------------------
0 0007595465 MORTGAGORS: FAHIMI KASRA
REGION CODE ADDRESS : 17 ARANA CIRCLE
00 CITY : SAUSALITO
STATE/ZIP : CA 94966
MORTGAGE AMOUNT : 269,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,809.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007596695 MORTGAGORS: COTE JOHN
COTE LAURIE
REGION CODE ADDRESS : 2 NORTH JERSEY LANE
00 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 344,875.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,875.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,500.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
0 0007599665 MORTGAGORS: MCILROY JOHN
MCILROY REBECCA
REGION CODE ADDRESS : 1825 PELHAM AVENUE NO. 3
00 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 258,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,457,375.00
P & I AMT: 10,351.12
UPB AMT: 1,451,991.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007599988 MORTGAGORS: STEPHEN CRAIG
STEPHEN LAURIE
REGION CODE ADDRESS : 221 WEST OAK STREET
00 CITY : RAMSEY
STATE/ZIP : NJ 07446
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007600810 MORTGAGORS: HOGLE FRANCIS
HOGLE JANET
REGION CODE ADDRESS : 800 HUNTSMAN ROAD
00 CITY : TOWSON
STATE/ZIP : MD 21286
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007603053 MORTGAGORS: GARIEPY JEAN
REGION CODE ADDRESS : 1485 GULF OF MEXICO DRIVE
00 CITY : LONGBOAT KEY
STATE/ZIP : FL 34228
MORTGAGE AMOUNT : 258,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007603442 MORTGAGORS: LOSH JASON
LOSH AIMEE
REGION CODE ADDRESS : 1109 MONTREAU COURT
00 CITY : ARLINGTON
STATE/ZIP : TX 76012
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007604341 MORTGAGORS: DIXON MICHAEL
DIXON NORMA
REGION CODE ADDRESS : 1703 HILLMAN AVENUE
00 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,257,250.00
P & I AMT: 9,074.35
UPB AMT: 1,257,250.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007604424 MORTGAGORS: ASSIRAN KENNETH
ASSIRAN CHRISTINE
REGION CODE ADDRESS : 121 BLEDDYN ROAD
00 CITY : ARDMORE
STATE/ZIP : PA 19003
MORTGAGE AMOUNT : 453,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,245.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.06400
----------------------------------------------------------------
0 0007605041 MORTGAGORS: MANZO PETER
MANZO CHERYL
REGION CODE ADDRESS : 1115 WESTOVER ROAD
00 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 445,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,687.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/17
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.73154
----------------------------------------------------------------
0 0007605090 MORTGAGORS: PIHL III CARL
PIHL CARRIE
REGION CODE ADDRESS : 3210 HISTORY DRIVE
00 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,928.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
0 0007606882 MORTGAGORS: SPRAGG ROYAL
FITZGERALD BELINDA
REGION CODE ADDRESS : 13786 STONEY GATE PLACE
00 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 224,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,191.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,607.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.98000
----------------------------------------------------------------
0 0007607740 MORTGAGORS: LESCHEN DANIEL
LESCHEN PATRICIA
REGION CODE ADDRESS : 12 MAPLE KNOLL LANE
00 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.18900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,644,350.00
P & I AMT: 12,325.12
UPB AMT: 1,644,191.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007608540 MORTGAGORS: HERZOG TIM
REGION CODE ADDRESS : 9908 SHADY COVE DRIVE
00 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 220,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.06579
----------------------------------------------------------------
0 0007608565 MORTGAGORS: LANSER RICHARD
LANSER JEANNE
REGION CODE ADDRESS : 144 CHESTNUT TREE ROAD
00 CITY : TOWNSHIP OF WEST NANTMEAL
STATE/ZIP : PA 19520
MORTGAGE AMOUNT : 136,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 136,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,001.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.33100
----------------------------------------------------------------
0 0007608789 MORTGAGORS: LEFKOWITZ JERRY
REGION CODE ADDRESS : 14 FAWN DRIVE
00 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.91300
----------------------------------------------------------------
0 0007609043 MORTGAGORS: LUNDE FRED
REGION CODE ADDRESS : 8853 EAST CITRUS TREE DRIVE
00 CITY : TUCSON
STATE/ZIP : AZ 85730
MORTGAGE AMOUNT : 81,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 81,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 588.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007609175 MORTGAGORS: FIREMAN STEVEN
ROLLO-FIREMAN KELLIE
REGION CODE ADDRESS : 4102 WEST CARSON STREET
00 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,830.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 86.02150
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 938,300.00
P & I AMT: 6,749.52
UPB AMT: 938,130.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007609191 MORTGAGORS: ROBERTS JAMES
ROBERTS MELISSA
REGION CODE ADDRESS : 1083 WOODLAND AVENUE
00 CITY : PLAINFIELD
STATE/ZIP : NJ 07060
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,928.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007610322 MORTGAGORS: BASH EVELYN
REGION CODE ADDRESS : 211-B RIDGEFIELD CIRCLE
00 CITY : CLINTON
STATE/ZIP : MA 01510
MORTGAGE AMOUNT : 116,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 116,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 841.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.18600
----------------------------------------------------------------
0 0007610827 MORTGAGORS: PANDYARAJAN MUNUSAMY
PANDYARAJAN PUSHPALATHA
REGION CODE ADDRESS : 2242 SILKTREE DRIVE
00 CITY : TUSTIN
STATE/ZIP : CA 92680
MORTGAGE AMOUNT : 210,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,504.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 82.35200
----------------------------------------------------------------
0 0007610959 MORTGAGORS: HENDLER JOHN
HENDLER MARIANNE
REGION CODE ADDRESS : 18515 VIBURNUM WAY
00 CITY : OLNEY
STATE/ZIP : MD 20832
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 82.69800
----------------------------------------------------------------
0 0007611619 MORTGAGORS: SUHEY MATTHEW
SUHEY DONNA
REGION CODE ADDRESS : 550 CARRIAGE WAY
00 CITY : DEERFIELD
STATE/ZIP : IL 60015
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 52.17300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,131,000.00
P & I AMT: 8,109.87
UPB AMT: 1,131,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007611627 MORTGAGORS: EASON DARYL
TAYLOR-EASON VENEETA
REGION CODE ADDRESS : 12415 PATHOS LANE
00 CITY : SAN DIEGO
STATE/ZIP : CA 92129
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007611692 MORTGAGORS: HIRSCHNITZ DAN
HIRSCHNITZ MARY
REGION CODE ADDRESS : 9967 HERB ROAD
00 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 234,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,659.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.12300
----------------------------------------------------------------
0 0007611965 MORTGAGORS: WEINSTEIN CHARLES
WEINSTEIN SHERRY
REGION CODE ADDRESS : 2 THUNDER ROAD
00 CITY : MILLER PLACE
STATE/ZIP : NY 11764
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007612369 MORTGAGORS: BRUNNER DONALD
BRUNNER KATHLEEN
REGION CODE ADDRESS : 7266 BRIARCLIFF CIRCLE
00 CITY : SAN BUENAVENTURA
STATE/ZIP : CA 93003
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007612724 MORTGAGORS: SHANNON BRIAN
NELSON-SHANNON ROBYN
REGION CODE ADDRESS : 231 BUTLER DRIVE
00 CITY : BARTLETT
STATE/ZIP : IL 60103
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.11400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,243,050.00
P & I AMT: 8,798.25
UPB AMT: 1,243,050.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007612914 MORTGAGORS: TORIELLO CARL
TORIELLO DONNA
REGION CODE ADDRESS : 1 FIELDSTONE ROAD
00 CITY : STAMFORD
STATE/ZIP : CT 06902
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.90200
----------------------------------------------------------------
0 0007613821 MORTGAGORS: EGERT ROBERT
EGERT JOANNE
REGION CODE ADDRESS : 1429 WHITEHALL PLACE
00 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 307,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.13000
----------------------------------------------------------------
0 0007616543 MORTGAGORS: ZOLLO JAMES
ZOLLO LISA
REGION CODE ADDRESS : 18 KENT LANE
00 CITY : TRUMBULL
STATE/ZIP : CT 06611
MORTGAGE AMOUNT : 287,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.46578
----------------------------------------------------------------
0 0007617079 MORTGAGORS: ELLINGTON JAMES
ELLINGTON WENDY
REGION CODE ADDRESS : 2160 MUSIAL ST
00 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 237,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/17
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 86.32700
----------------------------------------------------------------
0 0007617855 MORTGAGORS: TOBIA PATRICK
TOBIA ANNA
REGION CODE ADDRESS : 18 SHERIDAN AVENUE
00 CITY : WEST ORANGE
STATE/ZIP : NJ 07052
MORTGAGE AMOUNT : 113,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 113,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 803.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.29700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,248,850.00
P & I AMT: 9,016.02
UPB AMT: 1,248,850.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030560510 MORTGAGORS: EWING SAMUEL
REGION CODE ADDRESS : 1251 RICHMOND ROAD
01 CITY : WINTER PARK
STATE/ZIP : FL 32789
MORTGAGE AMOUNT : 386,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,196.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,866.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 73.24400
----------------------------------------------------------------
0 0030561658 MORTGAGORS: STEINBAUGH JOHN
STEINBAUGH KATHY
REGION CODE ADDRESS : 1075 LINDEN AVENUE
01 CITY : BOULDER
STATE/ZIP : CO 80304
MORTGAGE AMOUNT : 496,563.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,867.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,760.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 56.10800
----------------------------------------------------------------
0 0030714943 MORTGAGORS: REZVANI VAHID
REZVANI LUANN
REGION CODE ADDRESS : 31367 SE LOSTED RD
01 CITY : GRESHAM
STATE/ZIP : OR 97080
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,300.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,917.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030732994 MORTGAGORS: COLE JAMES
COLE KIM
REGION CODE ADDRESS : 22 CLERMONT
01 CITY : NEWPORT COAST
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,779.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,158.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.22000
----------------------------------------------------------------
0 0030742779 MORTGAGORS: ZAMBRANO LUIS
ZAMBRANO JACQUELINE
REGION CODE ADDRESS : 51 LAFAYETTE MILLS ROAD
01 CITY : MANALPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,857.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 71.78800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,661,313.00
P & I AMT: 12,450.97
UPB AMT: 1,657,000.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030746283 MORTGAGORS: WALL MICHAEL
WALL BARBARA
REGION CODE ADDRESS : 1003 PEBBLE BEACH DRIVE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 448,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,325.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,372.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030748032 MORTGAGORS: JOHNSTON REGINALD
JOHNSTON VALERIE
REGION CODE ADDRESS : 20 GRIST MILL LANE
01 CITY : FRANKLIN PARK
STATE/ZIP : NJ 08823
MORTGAGE AMOUNT : 274,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,920.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,035.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.53800
----------------------------------------------------------------
0 0030749279 MORTGAGORS: PARKER DAVID
PARKER LAURA
REGION CODE ADDRESS : 4 YORKE LANE
01 CITY : OCEAN TOWNSHIP
STATE/ZIP : NJ 07712
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,843.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 70.69200
----------------------------------------------------------------
0 0030751630 MORTGAGORS: HAMILTON MARK
REGION CODE ADDRESS : 40 THORNLEY DRIVE
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 649,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,648.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,882.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 72.61400
----------------------------------------------------------------
0 0030762249 MORTGAGORS: JOSEPH THANKAMMA
REGION CODE ADDRESS : 4454 BERRYMAN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,768.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,529.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,957,900.00
P & I AMT: 14,601.19
UPB AMT: 1,955,505.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030765416 MORTGAGORS: BJORNSTAD DAVID
BJORNSTAD GRACE
REGION CODE ADDRESS : 10551 SOUTH ORANGEGROVE CIRCLE
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 241,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,337.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 63.55200
----------------------------------------------------------------
0 0030771679 MORTGAGORS: BARTOLOMEO THOMAS
BARNES CYNTHIA
REGION CODE ADDRESS : 1141 GENERALS HIGHWAY
01 CITY : CROWNSVILLE
STATE/ZIP : MD 21032
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,808.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.19300
----------------------------------------------------------------
0 0030781108 MORTGAGORS: SUICA DAVID
SUICA BARBARA
REGION CODE ADDRESS : 12757 FREDERICKSBURG DRIVE
01 CITY : SORATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 508,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 505,310.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,552.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030786685 MORTGAGORS: ARICO MARK
ARICO KIMBERLY
REGION CODE ADDRESS : 2125 CHELSEA DRIVE
01 CITY : PALOS VERDE ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,455.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 53.57100
----------------------------------------------------------------
0 0030806871 MORTGAGORS: SHEFFER DIANA
REGION CODE ADDRESS : 6100 N. KIRKWOOD AVE.
01 CITY : CHICAGO
STATE/ZIP : IL 60646
MORTGAGE AMOUNT : 318,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,291.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.94100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,735,000.00
P & I AMT: 12,511.23
UPB AMT: 1,731,204.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030807028 MORTGAGORS: TRABBOLD DOUGLAS
TRABBOLD LYNN
REGION CODE ADDRESS : 202 REDTAIL CIRCLE
01 CITY : DOWNINGTOWN
STATE/ZIP : PA 19335
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
0 0030807218 MORTGAGORS: BLACKLEDGE DAVID
SHEANE GENEVIEVE
REGION CODE ADDRESS : 3412 CAMINO ALEGRE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 330,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,878.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,422.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0030807853 MORTGAGORS: BRUNO ANDREW
BRUNO VALERIE
REGION CODE ADDRESS : 11 CHEYENNE COURT
01 CITY : OAKLAND
STATE/ZIP : NJ 07436
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,569.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 77.04900
----------------------------------------------------------------
0 0030810212 MORTGAGORS: BREEZE DAVID
BREEZE HILARY
REGION CODE ADDRESS : 434 & 436 WEST 5TH STREET
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,034.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030810477 MORTGAGORS: JOHNSON ROGER
JOHNSON MARGARET
REGION CODE ADDRESS : 1601 PORTLAND AVENUE
01 CITY : FORT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 236,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,391.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,332,400.00
P & I AMT: 9,793.10
UPB AMT: 1,330,873.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030812390 MORTGAGORS: MENAVICH JOSEPH
MENAVICH CAROL
REGION CODE ADDRESS : 47008 KENTWELL PLACE
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 245,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,868.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0030812820 MORTGAGORS: VANKOUWENBERG RAYMOND
VANKOUWENBERG ANN
REGION CODE ADDRESS : 7 SUNLEAF DRIVE
01 CITY : PENFIELD
STATE/ZIP : NY 14526
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,696.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0030818736 MORTGAGORS: WETHERWAX C
WETHERWAX KAY
REGION CODE ADDRESS : 25358 N. GOLD RIDGE DR.
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 277,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,244.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,085.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 74.49900
----------------------------------------------------------------
0 0030820450 MORTGAGORS: GALLAGHER JOHN
GALLAGHER ANNE
REGION CODE ADDRESS : 1820 SOUTH UNION COURT
01 CITY : SUPERIOR
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,098.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.13000
----------------------------------------------------------------
0 0030822332 MORTGAGORS: BABTKIS EDWARD
BABTKIS DEBRA
REGION CODE ADDRESS : 11272 VISTA DEL LAGO
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,541.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,410.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,617,450.00
P & I AMT: 10,970.53
UPB AMT: 1,463,448.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030826341 MORTGAGORS: O'LEARY JOSEPH
O'LEARY THOMASINA
REGION CODE ADDRESS : 5400 DUNTEACHIN DRIVE
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 264,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,503.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,850.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.45500
----------------------------------------------------------------
0 0030827083 MORTGAGORS: STALDER STERLING
STALDER SHERRI
REGION CODE ADDRESS : 9825 RAMSEY ROAD
01 CITY : YUKON
STATE/ZIP : OK 73099
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,677.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 70.47800
----------------------------------------------------------------
0 0030828958 MORTGAGORS: HUTTEN REINER
HUTTEN ELAINE
REGION CODE ADDRESS : 222 220TH AVE SE
01 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,800.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.87951
----------------------------------------------------------------
0 0030832083 MORTGAGORS: GREEN JOHN
FOX MARAGET
REGION CODE ADDRESS : 315 DIAMOND STREET NO D
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,304.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030841811 MORTGAGORS: LAUKKANEN JAMES
GROSS-LAUKKANEN PAMELA
REGION CODE ADDRESS : 839 LINCOLN
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 214,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,494.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,519.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.03800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,278,350.00
P & I AMT: 9,258.47
UPB AMT: 1,276,780.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030842165 MORTGAGORS: ARTEAGA ADAM
ARTEAGA CRISANTA
REGION CODE ADDRESS : 5913 PARK CREST DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 226,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,829.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030843411 MORTGAGORS: CHAMBERLAIN GARY
CHAMBERLAIN CAROL
REGION CODE ADDRESS : 31321 PASEO MONTEVIDEO
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 365,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,652.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0030843825 MORTGAGORS: BURNS KIMBERLY
BURNS PAUL
REGION CODE ADDRESS : 2323 FOX LANE
01 CITY : AVON
STATE/ZIP : CO 81620
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,841.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0030845762 MORTGAGORS: DUNKEL EDWARD
DUNKEL STACY
REGION CODE ADDRESS : 435 WEST ATHENS AVENUE
01 CITY : CLOVIS
STATE/ZIP : CA 93611
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,389.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,846.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030850234 MORTGAGORS: MC CAILERE ROBERT
BATES BARBRA
REGION CODE ADDRESS : 513 22ND STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,803.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.02500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,344,950.00
P & I AMT: 9,797.83
UPB AMT: 1,343,664.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030850432 MORTGAGORS: TESTA ANTHONY
TESTA LINDA
REGION CODE ADDRESS : 28 STEPPING STONE CRESCENT
01 CITY : DIX HILLS
STATE/ZIP : NY 11746
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,713.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 51.68500
----------------------------------------------------------------
0 0030853774 MORTGAGORS: BUU HUGH
TRUONG KAREN
REGION CODE ADDRESS : 8639 FENWICK WAY
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,708.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,917.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030854475 MORTGAGORS: CROMP ROBERT
AUSTIN SANDRA
REGION CODE ADDRESS : 3891 GREENMEADOW LANE
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 292,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,375.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,199.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0030854574 MORTGAGORS: DORSETT KIM
DORSETT REBECCA
REGION CODE ADDRESS : 2313 WOODWAY DRIVE
01 CITY : ROUND ROCK
STATE/ZIP : TX 78681
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,235.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,868.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030855829 MORTGAGORS: MARANO LUKE
MARANO CYNTHIA
REGION CODE ADDRESS : 1435 EAVES SPRING ROAD
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 567,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 567,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,062.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,885,050.00
P & I AMT: 13,796.15
UPB AMT: 1,883,132.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030856314 MORTGAGORS: SCHAAF DAVID
SCHAAF ELIZABETH
REGION CODE ADDRESS : 321 KIMBALL AVENUE
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,216.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030856439 MORTGAGORS: PARTHASARATHI PRASANNAN
SCHOR JULIET
REGION CODE ADDRESS : 5 STUART ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,835.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 58.88800
----------------------------------------------------------------
0 0030857122 MORTGAGORS: MARKOV VLADIMIR
MARKOV LIDIYA
REGION CODE ADDRESS : 142 DRIGGS STREET
01 CITY : STATEN ISLAND
STATE/ZIP : NY 10308
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,625.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,280.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 93.75000
----------------------------------------------------------------
0 0030857403 MORTGAGORS: THOMAS KEVIN
THOMAS SANDRA
REGION CODE ADDRESS : 14 COTTONWOOD LANE
01 CITY : LITTLETON
STATE/ZIP : CO 80020
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,606.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030857841 MORTGAGORS: SULEWSKI PAUL
SULEWSKI JULIE
REGION CODE ADDRESS : 5816 AMHURST COURT
01 CITY : MCHENRY
STATE/ZIP : IL 60050
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,346.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,360,900.00
P & I AMT: 10,137.49
UPB AMT: 1,359,629.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030859581 MORTGAGORS: BAKER DANIEL
BAKER PAULA
REGION CODE ADDRESS : LOT 8 VILLA DRIVE
01 CITY : MEDWAY
STATE/ZIP : MA 02053
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030860159 MORTGAGORS: KREMER RICHARD
KREMER ELLEN
REGION CODE ADDRESS : 425 LYNN STREET
01 CITY : HARRINGTON PARK
STATE/ZIP : NJ 07640
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,836.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0030864292 MORTGAGORS: JONES BRADLEY
JONES PAMELA
REGION CODE ADDRESS : 6173 SOUTH MACON WAY
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 231,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,607.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030864383 MORTGAGORS: CORRALES GREG
PALEY MAXWELL
REGION CODE ADDRESS : 68 RALSTON RANCH RD #68
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 571,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 571,010.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,145.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0030864714 MORTGAGORS: FIREMAN HARVEY
DAVIS RHONDA
REGION CODE ADDRESS : 1008 EATON DRIVE
01 CITY : MCCLEAN
STATE/ZIP : VA 22102
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,326.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,848,220.00
P & I AMT: 13,508.09
UPB AMT: 1,846,281.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030865422 MORTGAGORS: MOSES MONTE
WHITAKER KATHY
REGION CODE ADDRESS : 11637 E. POWERS AVE.
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,806.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,197.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030865521 MORTGAGORS: MAST PAUL
MAST MARILYN
REGION CODE ADDRESS : 5154 NORTH LEXINGTON AVENUE
01 CITY : SHOREVIEW
STATE/ZIP : MN 55126
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,803.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 34.28500
----------------------------------------------------------------
0 0030866586 MORTGAGORS: ALIDIO RAUL
KUMAGAI AYUMI
REGION CODE ADDRESS : 2162 PALMETTO TERRACE
01 CITY : FULLERTON
STATE/ZIP : CA 92831
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,698.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030867170 MORTGAGORS: COHEN STEVEN
COHEN LORI
REGION CODE ADDRESS : 36630 DEVON COURT
01 CITY : WADSWORTH
STATE/ZIP : IL 60083
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,791.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 46.82500
----------------------------------------------------------------
0 0030867352 MORTGAGORS: CURTIN BRIAN
CURTIN MICHELLE
REGION CODE ADDRESS : 36852 NO DEERVIEW DRIVE
01 CITY : LAKE VILLA
STATE/ZIP : IL 60046
MORTGAGE AMOUNT : 232,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,802.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.89600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,347,100.00
P & I AMT: 9,926.04
UPB AMT: 1,345,903.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030867592 MORTGAGORS: COHEN ANDREW
COHEN DENISE
REGION CODE ADDRESS : 30224 VIA RIVERA
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,617.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 50.09200
----------------------------------------------------------------
0 0030868350 MORTGAGORS: SITA MAHMUD
SITA ASMAAU
REGION CODE ADDRESS : 9 MADRIGAL COURT
01 CITY : GERMANTOWN
STATE/ZIP : MD 20876
MORTGAGE AMOUNT : 218,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,820.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,638.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0030868699 MORTGAGORS: BRODNITZ PETER
RHUDA JANET
REGION CODE ADDRESS : 1917 WEST MORELAND STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22213
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,830.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030869010 MORTGAGORS: COSPER STEVEN
COSPER SHARON
REGION CODE ADDRESS : 8921 CREST WOOD DRIVE
01 CITY : FORT WORTH
STATE/ZIP : TX 76179
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,651.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.31000
----------------------------------------------------------------
0 0030869101 MORTGAGORS: BARNETT ALAN
BARNETT MELISSA
REGION CODE ADDRESS : 1851 KIMBERLY LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 1,400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,398,162.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 10,394.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 015
LTV : 66.66666
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,381,100.00
P & I AMT: 17,524.49
UPB AMT: 2,378,082.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030869812 MORTGAGORS: ROBAIRE JEAN
ROBAIRE JODY
REGION CODE ADDRESS : 2025 KIRSTEN LEE DRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,672.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,324.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.64400
----------------------------------------------------------------
0 0030869903 MORTGAGORS: GERMINARA ROBERT
GERMINARA MELISSA
REGION CODE ADDRESS : PRINCE CHARLES COURT EXT
01 CITY : KILL DEVIL HILLS
STATE/ZIP : NC 27948
MORTGAGE AMOUNT : 263,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,441.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 79.97000
----------------------------------------------------------------
0 0030870083 MORTGAGORS: MOSER GUSTAVO
REGION CODE ADDRESS : 4953 GATE FALL COURT
01 CITY : LAS VEGAS
STATE/ZIP : NV 89129
MORTGAGE AMOUNT : 269,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,563.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0030870802 MORTGAGORS: REDMANN WILLIAM
REDMANN JOANNE
REGION CODE ADDRESS : 1184 EARLHAM COURT
01 CITY : OAK PARK
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,700.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,044.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.83300
----------------------------------------------------------------
0 0030871008 MORTGAGORS: LOUGON KEITH
LOUGON CAMALA
REGION CODE ADDRESS : 17 ORMOND TRACE
01 CITY : DESTREHAN
STATE/ZIP : LA 70047
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,837.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.34700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,677,800.00
P & I AMT: 12,412.17
UPB AMT: 1,676,214.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030871198 MORTGAGORS: GALLNER LARRY
GALLNER MARY
REGION CODE ADDRESS : 1165 AVONLEA CIRCLE
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.29100
----------------------------------------------------------------
0 0030871875 MORTGAGORS: KING JEFFREY
KING SHARON
REGION CODE ADDRESS : 32442 VIA ANTIBES
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,660.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 50.52631
----------------------------------------------------------------
0 0030872915 MORTGAGORS: FELDMAN MICHAEL
FELDMAN BAT-SHEVA
REGION CODE ADDRESS : 3167 MERCER LANE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 359,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,753.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,604.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030873053 MORTGAGORS: RUFFINO LOUIS
RUFFINO BARBARA
REGION CODE ADDRESS : 18 ROSECREST AVENUE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22301
MORTGAGE AMOUNT : 240,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,942.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030873731 MORTGAGORS: OMADE' YUNUSA
OMADE' MARY
REGION CODE ADDRESS : 5801 LAWTON COURT
01 CITY : LANHAM
STATE/ZIP : MD 20706
MORTGAGE AMOUNT : 286,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,654.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,074.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,455,600.00
P & I AMT: 10,329.67
UPB AMT: 1,454,011.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030873749 MORTGAGORS: HASS STEVE
HASS GISELLE
REGION CODE ADDRESS : 47568 SAULTY DRIVE
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 241,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,950.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.98800
----------------------------------------------------------------
0 0030874556 MORTGAGORS: PEACHER STEPHEN
PEACHER ANNE
REGION CODE ADDRESS : 49 JUNIPER ROAD
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,705.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,341.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 52.94100
----------------------------------------------------------------
0 0030874648 MORTGAGORS: FUHRMANN ERIC
REGION CODE ADDRESS : 1320 NORTH COUNTY ROAD 31
01 CITY : BERTHOUD
STATE/ZIP : CO 80513
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,771.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,598.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 87.50000
----------------------------------------------------------------
0 0030874663 MORTGAGORS: SCALES LISA
CROSS WILLIAM
REGION CODE ADDRESS : 633 E. JUNIPER LANE
01 CITY : MEQUON
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,736.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,222.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.25200
----------------------------------------------------------------
0 0030874705 MORTGAGORS: CLARK JOHN
CLARK CONSTANCE
REGION CODE ADDRESS : 625 CASTLE RIDGE COURT
01 CITY : FORT COLLINS
STATE/ZIP : CO 80525
MORTGAGE AMOUNT : 446,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 445,708.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,311.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,911,100.00
P & I AMT: 14,306.77
UPB AMT: 1,909,871.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030875546 MORTGAGORS: JOHNSON PHILIP
JOHNSON DILYS
REGION CODE ADDRESS : 4895 HUNTFIELD DR
01 CITY : DOLYESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,803.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.63000
----------------------------------------------------------------
0 0030875611 MORTGAGORS: GALAS THOMAS
GALAS MARGARET
REGION CODE ADDRESS : 1702 WITTINGHAM LANE
01 CITY : FORT WAYNE
STATE/ZIP : IN 46804
MORTGAGE AMOUNT : 255,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,548.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030875678 MORTGAGORS: FUSFELD ROBERT
CATLETT CAROLYN
REGION CODE ADDRESS : 706 SOUTH WILLIAMS STREET
01 CITY : DENVER
STATE/ZIP : CO 80209
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,745.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.20000
----------------------------------------------------------------
0 0030876049 MORTGAGORS: DIONNE MICHAEL
DIONNE LYNNE
REGION CODE ADDRESS : 9 KELI LANE
01 CITY : MANSFIELD
STATE/ZIP : MA 02048
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,687.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.91100
----------------------------------------------------------------
0 0030876072 MORTGAGORS: PATEL DHIMANT
PATEL DAKSHA
REGION CODE ADDRESS : 4 BEAUPORT COURT
01 CITY : EVESHAM TWP.
STATE/ZIP : NJ 08053
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,854.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,853.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.97300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,353,920.00
P & I AMT: 9,798.80
UPB AMT: 1,352,639.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030876098 MORTGAGORS: DALSEY NICHOLAS
DALSEY PAMELA
REGION CODE ADDRESS : 300 LANTERN WAY
01 CITY : MANTUA
STATE/ZIP : NJ 08051
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,687.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,057.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.12000
----------------------------------------------------------------
0 0030876106 MORTGAGORS: TRIBUIANI LUCIANO
TRIBUIANI LAURIE
REGION CODE ADDRESS : 824 TREMONT DRIVE
01 CITY : DOWNINGTOWN
STATE/ZIP : PA 19335
MORTGAGE AMOUNT : 276,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,104.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,979.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030876171 MORTGAGORS: IZENMAN ALAN
IZENMAN BETTY-ANN
REGION CODE ADDRESS : 818 WICKFIELD ROAD
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,975.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030876205 MORTGAGORS: WILLINGER WALTER
DUFFY DIANE
REGION CODE ADDRESS : 42 WICKHAM WAY
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 51.54639
----------------------------------------------------------------
0 0030876262 MORTGAGORS: FELDMAN AARON
FELDMAN ILANA
REGION CODE ADDRESS : 843 CARDINAL LANE
01 CITY : LOWER MORELAND TWP
STATE/ZIP : PA 19006
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,838.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.03703
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,480,500.00
P & I AMT: 10,491.27
UPB AMT: 1,479,606.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030876270 MORTGAGORS: MC CUNNEY MATTHEW
MC CUNNEY PATRICIA
REGION CODE ADDRESS : 24 TANAGER LANE
01 CITY : WASHINGTON TOWNSHIP
STATE/ZIP : NJ 08691
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,682.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.83500
----------------------------------------------------------------
0 0030876569 MORTGAGORS: DEVER TIMOTHY
REGION CODE ADDRESS : 1176 AVONLEA CIRCLE
01 CITY : WESTTOWN TOWNSHIP
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 313,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,394.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030877039 MORTGAGORS: SALINE CRAIG
REGION CODE ADDRESS : 234 WEST END AVENUE
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,669.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,227.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030878292 MORTGAGORS: SCHNEIDER BRAD
SCHNEIDER STEPHANIE
REGION CODE ADDRESS : 406 MOUNTAIN SPRING DRIVE
01 CITY : BOERNE
STATE/ZIP : TX 78006
MORTGAGE AMOUNT : 224,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,612.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 74.22400
----------------------------------------------------------------
0 0030878318 MORTGAGORS: FRANCIS LEE
FRANCIS JANET
REGION CODE ADDRESS : 5426 E. MINERAL LANE
01 CITY : LITTLETON
STATE/ZIP : CO 80122
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,573.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,413.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 67.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,549,500.00
P & I AMT: 11,326.39
UPB AMT: 1,547,932.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030879217 MORTGAGORS: EVANS ADRIAN
EVANS KAREN
REGION CODE ADDRESS : 311 FAIRWAY LANE
01 CITY : YORKTOWN
STATE/ZIP : VA 23692
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,803.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.22400
----------------------------------------------------------------
0 0030879266 MORTGAGORS: FABBRI KEVIN
WARNER MELISSA
REGION CODE ADDRESS : 857 HERITAGE HILLS DRIVE
01 CITY : YORK
STATE/ZIP : PA 17402
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,843.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030880165 MORTGAGORS: HEUCHERT DONALD
HEUCHERT SUSAN
REGION CODE ADDRESS : 440 VENADO DRIVE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93111
MORTGAGE AMOUNT : 571,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 570,349.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,993.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030880199 MORTGAGORS: BARNES ANDREW
BARNES DONNA
REGION CODE ADDRESS : 404 ALLEN CIRCLE
01 CITY : GEORGETOWN
STATE/ZIP : TX 78626
MORTGAGE AMOUNT : 220,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,659.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030880280 MORTGAGORS: NGUYEN LAURA
NGUYEN AMY
REGION CODE ADDRESS : 18961 MT. WALTON CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 304,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,346.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,131.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,624,950.00
P & I AMT: 11,646.33
UPB AMT: 1,623,002.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030880298 MORTGAGORS: ENGLAND BOONE
ENGLAND CHERIE
REGION CODE ADDRESS : 4025 CALLE ISABELLA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,779.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.64600
----------------------------------------------------------------
0 0030880330 MORTGAGORS: GRUSH ANNE
GRUSH WILLIAM
REGION CODE ADDRESS : 4304 ASHFORD LANE
01 CITY : FAIRFAX
STATE/ZIP : VA 22032
MORTGAGE AMOUNT : 233,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,252.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030880488 MORTGAGORS: HERR DONALD
HERR MARCIA
REGION CODE ADDRESS : 6398 DURHAM RD.
01 CITY : PIPERSVILLE
STATE/ZIP : PA 18947
MORTGAGE AMOUNT : 784,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 783,473.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,752.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 015
LTV : 80.00000
----------------------------------------------------------------
0 0030880496 MORTGAGORS: MYERS RICHARD
SHIROMA SHARLENE
REGION CODE ADDRESS : 1718 SPRECKELS LANE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 254,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,429.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030880918 MORTGAGORS: YOUNG DANIEL
YOUNG MARGUERITE
REGION CODE ADDRESS : 5717 SOUTH 118TH PLAZA
01 CITY : OMAHA
STATE/ZIP : NE 68137
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 63.45300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,917,400.00
P & I AMT: 13,894.49
UPB AMT: 1,915,935.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030881080 MORTGAGORS: SUTTON WAYNE
BORLAND SUTTON SHEILA
REGION CODE ADDRESS : 47 STODDARD COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 309,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,083.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.76800
----------------------------------------------------------------
0 0030881189 MORTGAGORS: FRIEDMAN WILLIAM
FRIEDMAN ROBIN
REGION CODE ADDRESS : 86 PHILIPS AVENUE
01 CITY : SWAMPSCOTT
STATE/ZIP : MA 01907
MORTGAGE AMOUNT : 417,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,727.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,096.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 52.45200
----------------------------------------------------------------
0 0030881387 MORTGAGORS: CRITCHFIELD DAVID
CRITCHFIELD KIMBERLI
REGION CODE ADDRESS : 2960 BONNE VISTA DRIVE
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80906
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,790.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,376.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030882385 MORTGAGORS: PHAM VINH
DUONG HIEN
REGION CODE ADDRESS : 2400 SUDDABY
01 CITY : TUSTIN
STATE/ZIP : CA 92780
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,490.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030882435 MORTGAGORS: SALMON BRADLEY
SALMON JENNIFER
REGION CODE ADDRESS : 14124 FLINTWOOD WAY
01 CITY : APPLE VALLEY
STATE/ZIP : MN 55124
MORTGAGE AMOUNT : 217,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,354.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.95800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,624,000.00
P & I AMT: 11,918.25
UPB AMT: 1,622,445.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030882757 MORTGAGORS: ARMSTRONG MICHAEL
ARMSTRONG ALICIA
REGION CODE ADDRESS : 427 CANAL STREET
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 331,970.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,499.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0030882781 MORTGAGORS: ATTIA GILLES
ATTIA CYNTHIA
REGION CODE ADDRESS : 2421 CALIFORNIA AVENUE
01 CITY : CARMICHAEL
STATE/ZIP : CA 95608
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,517.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.52100
----------------------------------------------------------------
0 0030882898 MORTGAGORS: DAVIDIAN HERACH
DAVIDIAN ZAROUI
REGION CODE ADDRESS : 1418 N. COLUMBUS AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91202
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,054.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 78.59400
----------------------------------------------------------------
0 0030882930 MORTGAGORS: BLACKWOOD LINCOLN
BLACKWOOD GRACE
REGION CODE ADDRESS : 41 MELROSE PLACE
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07042
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,857.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030883177 MORTGAGORS: STONE ROBERT
STONE VIRIGINIA
REGION CODE ADDRESS : 4312 HANOVER AVENUE
01 CITY : DALLAS
STATE/ZIP : TX 75225
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,600.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,432.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 68.81700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,794,970.00
P & I AMT: 13,211.93
UPB AMT: 1,792,530.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030883219 MORTGAGORS: STRYCHARZ JOSEPH
STRYCHARZ ELIZABETH
REGION CODE ADDRESS : 11261 INGLISH MILL DRIVE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,643.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,232.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030883664 MORTGAGORS: ANDL RUDOLF
ANDL CHRIS
REGION CODE ADDRESS : 2252 RUTLAND PLACE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 227,960.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,498.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030883847 MORTGAGORS: LOCKWOOD W
LOCKWOOD AME
REGION CODE ADDRESS : 1106 PASEO BARRANCA
01 CITY : SANTA FE
STATE/ZIP : NM 87501
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,496.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,509.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 97.97100
PLEDGED ASSET LTV: 68.57971
----------------------------------------------------------------
0 0030883862 MORTGAGORS: BUCHANAN EVELYN
REGION CODE ADDRESS : 7743 GARRISON ROAD
01 CITY : HYATTSVILLE
STATE/ZIP : MD 20764
MORTGAGE AMOUNT : 95,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,253.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 717.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.09400
PLEDGED ASSET LTV: 63.06604
----------------------------------------------------------------
0 0030883870 MORTGAGORS: WHITEHEAD ROBERT
WHITEHEAD RUTH
REGION CODE ADDRESS : 3551 DAVIS MILL ROAD
01 CITY : GOOCHLAND
STATE/ZIP : VA 23063
MORTGAGE AMOUNT : 121,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,265.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 887.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 87.68100
PLEDGED ASSET LTV: 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,250,460.00
P & I AMT: 9,020.01
UPB AMT: 1,247,157.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030883920 MORTGAGORS: STEFFES KENT
REGION CODE ADDRESS : 933 21ST STREET # 5
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,363.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,999.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 100.00000
PLEDGED ASSET LTV: 70.00000
----------------------------------------------------------------
0 0030883979 MORTGAGORS: HARDIN ANN
REGION CODE ADDRESS : 4 LONGHURST COURT
01 CITY : PANTEGO
STATE/ZIP : TX 76013
MORTGAGE AMOUNT : 62,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 62,564.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 510.15 OUTSIDE CONV DATE :
LIFETIME RATE : 9.12500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 9.12500 PRODUCT CODE : 002
LTV : 93.58200
PLEDGED ASSET LTV: 65.50746
----------------------------------------------------------------
0 0030883987 MORTGAGORS: DEAL ROBERTA
REGION CODE ADDRESS : 3007 NORTH TRIPHAMMER ROAD
01 CITY : LANSING
STATE/ZIP : NY 14882
MORTGAGE AMOUNT : 80,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 79,793.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 601.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 93.02300
PLEDGED ASSET LTV: 70.00000
----------------------------------------------------------------
0 0030884043 MORTGAGORS: SOKOLOV VALERY
ZLATOGORSKAYA IRINA
REGION CODE ADDRESS : 109 WINDCREST LANE
01 CITY : SO SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 248,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,974.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.21200
----------------------------------------------------------------
0 0030884381 MORTGAGORS: MABEY TODD
MABEY LAURA
REGION CODE ADDRESS : 23121 AUDREY AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,620.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 918,850.00
P & I AMT: 6,808.11
UPB AMT: 917,317.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030884498 MORTGAGORS: SEGRE GINO
REGION CODE ADDRESS : 40 HAWTHORNE STREET
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,752.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 40.29900
----------------------------------------------------------------
0 0030884670 MORTGAGORS: CLARK LAWRENCE
CLARK ANN
REGION CODE ADDRESS : 35 MISTY ACRES ROAD
01 CITY : ROLLING HILLS ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 568,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 567,132.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,923.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030884688 MORTGAGORS: PATTERSON ELLIS
PATTERSON KAREN
REGION CODE ADDRESS : 816 PUESTA DEL SOL
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,560.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.26400
----------------------------------------------------------------
0 0030884761 MORTGAGORS: MACY MICHAEL
MACY MARY
REGION CODE ADDRESS : 9802 CONSTITUTION DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,586.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,252.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.94900
----------------------------------------------------------------
0 0030884795 MORTGAGORS: WALLIN SCOTT
WALLIN KATHLEEN
REGION CODE ADDRESS : 12606 NORTH 113TH WAY
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,502.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.75600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,895,000.00
P & I AMT: 13,514.27
UPB AMT: 1,892,536.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030884902 MORTGAGORS: LEE KIM
ZHANG DIANE
REGION CODE ADDRESS : 4105 BERKELEY VIEW DRIVE
01 CITY : DULUTH
STATE/ZIP : GA 30136
MORTGAGE AMOUNT : 231,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,371.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,659.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99016
----------------------------------------------------------------
0 0030884910 MORTGAGORS: ESQUIVEL SYLVIA
REGION CODE ADDRESS : 101 NORTH HIGHLAND AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 526,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,761.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,285.41 OUTSIDE CONV DATE :
LIFETIME RATE : 9.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 9.12500 PRODUCT CODE : 002
LTV : 78.72900
----------------------------------------------------------------
0 0030884969 MORTGAGORS: TALTY PETER
TALTY LINDA
REGION CODE ADDRESS : 47 POST CROSSING
01 CITY : SOUTHHAMPTON
STATE/ZIP : NY 11968
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,641.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030885131 MORTGAGORS: ROSE RACHEL
REGION CODE ADDRESS : 286 BEACON ST # 9
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,826.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,043.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030885230 MORTGAGORS: GARCIA FERNANDO
REGION CODE ADDRESS : 13021 HEWES AVENUE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,253.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,050.36 OUTSIDE CONV DATE :
LIFETIME RATE : 9.12500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 9.12500 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,642,400.00
P & I AMT: 12,680.70
UPB AMT: 1,639,214.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030885354 MORTGAGORS: BRANDT FREDERICK
REGION CODE ADDRESS : 2825 JUTLAND ROAD
01 CITY : KENSINGTON
STATE/ZIP : MD 20895
MORTGAGE AMOUNT : 221,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,093.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,585.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030885438 MORTGAGORS: KATOCH BALDEV
REGION CODE ADDRESS : 18 ADAMS ROAD
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,830.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0030885479 MORTGAGORS: SINGER MICHAEL
SINGER FRANCI
REGION CODE ADDRESS : 4984 CHAMPLAIN CIRCLE
01 CITY : WEST BLOOMFIELD
STATE/ZIP : MI 48323
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,434.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,081.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030885610 MORTGAGORS: BERGELSON JEFFREY
FINKELSTEIN LINDA
REGION CODE ADDRESS : 517 OLD GULPH ROAD
01 CITY : NARBERTH
STATE/ZIP : PA 19072
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,675.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,295.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030885859 MORTGAGORS: ELLENBERGER THOMAS
ELLENBERGER MARY
REGION CODE ADDRESS : 11 RICE STREET
01 CITY : NEWTON
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 389,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,725.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,786.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.80700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,730,250.00
P & I AMT: 12,468.61
UPB AMT: 1,728,759.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030885909 MORTGAGORS: ROSENFELD DANIEL
APPEL CHERYL
REGION CODE ADDRESS : 366 EAST FOXBORO STREET
01 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,837.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.50100
----------------------------------------------------------------
0 0030885933 MORTGAGORS: OWENS MARTIN
WAGNER PATRICIA
REGION CODE ADDRESS : 315 W THORNAPPLE LANE
01 CITY : GRAFTON
STATE/ZIP : WI 53024
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,827.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030885958 MORTGAGORS: SADWIN ARNOLD
SADWIN SUE
REGION CODE ADDRESS : 441 TUVIRA LANE
01 CITY : CHERRY HILL TOWNSHIP
STATE/ZIP : NJ 08003
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,499.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,305.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 100.00000
PLEDGED ASSET LTV: 70.38889
----------------------------------------------------------------
0 0030885974 MORTGAGORS: NAG TUSHAR
NAG NAMITA
REGION CODE ADDRESS : 2220 SOUTH WEST HOFFMAN
01 CITY : PORTLAND
STATE/ZIP : OR 97201
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,912.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,622.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 100.00000
PLEDGED ASSET LTV: 70.00000
----------------------------------------------------------------
0 0030886022 MORTGAGORS: MCGRATH PATRICK
MCGRATH MARY
REGION CODE ADDRESS : 4245 LOS PADRES DRIVE
01 CITY : FALLBROOK
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,657.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,076.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 100.00000
PLEDGED ASSET LTV: 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,127,000.00
P & I AMT: 8,273.78
UPB AMT: 1,124,734.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030886055 MORTGAGORS: MANSHEIM BERNARD
MANSHEIM DENISE
REGION CODE ADDRESS : 5 EASTNOR COURT
01 CITY : NEWPORT
STATE/ZIP : RI 02840
MORTGAGE AMOUNT : 187,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 186,530.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,421.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 81.30400
PLEDGED ASSET LTV: 56.91304
----------------------------------------------------------------
0 0030886071 MORTGAGORS: BRITT DORIS
REGION CODE ADDRESS : 101 WOODLAKE DRIVE
01 CITY : SUMMERVILLE
STATE/ZIP : SC 29485
MORTGAGE AMOUNT : 68,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 67,824.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 510.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 100.00000
PLEDGED ASSET LTV: 70.00000
----------------------------------------------------------------
0 0030886451 MORTGAGORS: SMITH WILLIE
SMITH ALPHA
REGION CODE ADDRESS : 885 HUNTING LAKE DR.
01 CITY : HUNTINGTOWN
STATE/ZIP : MD 20639
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,825.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.96700
----------------------------------------------------------------
0 0030886766 MORTGAGORS: ONDREJKO JOSEPH
ONDREJKO JUDITH
REGION CODE ADDRESS : ADRIATIC AVENUE
01 CITY : COROLLA
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 324,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,362.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,383.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030887012 MORTGAGORS: CRAWFORD JACOB
CRAWFORD JOANNE
REGION CODE ADDRESS : 6076 PEBBLE BEACH WAY
01 CITY : SAN LUIS OBISPO
STATE/ZIP : CA 93401
MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,513.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,036,800.00
P & I AMT: 7,736.58
UPB AMT: 1,035,056.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030887053 MORTGAGORS: RINNERT MARTIN
RINNERT LYNN
REGION CODE ADDRESS : 880 NORTH CAREW DRIVE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,265.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,306.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 100.00000
PLEDGED ASSET LTV: 70.00000
----------------------------------------------------------------
0 0030887061 MORTGAGORS: HOVDESVEN SUSAN
REGION CODE ADDRESS : 95 POST CROSSING
01 CITY : SOUTHAMPTON
STATE/ZIP : NY 11968
MORTGAGE AMOUNT : 630,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 628,376.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,732.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 100.00000
PLEDGED ASSET LTV: 70.00000
----------------------------------------------------------------
0 0030887160 MORTGAGORS: RAMSEY BARBARA
REGION CODE ADDRESS : 13319 SPRING GROVE
01 CITY : DALLAS
STATE/ZIP : TX 75240
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,755.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 768.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.90900
PLEDGED ASSET LTV: 70.00000
----------------------------------------------------------------
0 0030887384 MORTGAGORS: BOLTON FRED
BOLTON RANELLE
REGION CODE ADDRESS : 1309 REGENCY COURT
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,742.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,817.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030887442 MORTGAGORS: FAULKNER CARROL
FAULKNER EVELYN
REGION CODE ADDRESS : 2317 NORTH LINWOOD STREET
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 255,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,255.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,669,600.00
P & I AMT: 12,501.80
UPB AMT: 1,666,395.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030887483 MORTGAGORS: MCDOUGALL CRAIG
MINNEY-MCDOUGALL FRANCES
REGION CODE ADDRESS : 21 MARIN STREET
01 CITY : SAN RAFAEL,
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,674.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 53.48800
----------------------------------------------------------------
0 0030887616 MORTGAGORS: TURNER WILLIAM
TURNER DIANE
REGION CODE ADDRESS : 102 BIRCH RUN DR.
01 CITY : COATESVILLE
STATE/ZIP : PA 19320
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,251.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0030887764 MORTGAGORS: MARTIN LINDA
REGION CODE ADDRESS : 2043 MINOR AVENUE EAST
01 CITY : SEATTLE
STATE/ZIP : WA 98102
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,607.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030887988 MORTGAGORS: INVERSO WILLIAM
REGION CODE ADDRESS : 409 WESTBANK ROAD
01 CITY : GLENWOOD SPRINGS
STATE/ZIP : CO 81601
MORTGAGE AMOUNT : 228,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,550.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0030888044 MORTGAGORS: ROSEN LEE
GENAUER-ROSEN JODI
REGION CODE ADDRESS : 8 IVY WAY
01 CITY : PORT WASHINGTON
STATE/ZIP : NY 11050
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,797.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,261,100.00
P & I AMT: 9,198.87
UPB AMT: 1,259,881.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030888093 MORTGAGORS: LILBURN DAVID
REGION CODE ADDRESS : 382 REDBUD ROAD
01 CITY : PITTSBORO
STATE/ZIP : NC 27312
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,534.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030888283 MORTGAGORS: BAUMANN ERIC
BAUMANN CARLEEN
REGION CODE ADDRESS : 322 N 31ST AVENUE
01 CITY : CORNELIUS
STATE/ZIP : OR 97113
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,697.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.97600
----------------------------------------------------------------
0 0030888481 MORTGAGORS: SIMPSON SCOTT
PEASE JOANNE
REGION CODE ADDRESS : 2750 ORANGE STREET
01 CITY : RIVERSIDE
STATE/ZIP : CA 92501
MORTGAGE AMOUNT : 148,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,898.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,073.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030888754 MORTGAGORS: TOWNSEND RICHARD
TOWNSEND VERONICA
REGION CODE ADDRESS : 481 MAPLE ROAD
01 CITY : SERVENA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,738.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,650.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.47619
----------------------------------------------------------------
0 0030888796 MORTGAGORS: HUNTER MICHAEL
HUNTER MARY
REGION CODE ADDRESS : 2605 S E BELLA VISTA LOOP
01 CITY : VANCOUVER
STATE/ZIP : WA 98683
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,552.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,323,000.00
P & I AMT: 9,695.88
UPB AMT: 1,321,421.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030888861 MORTGAGORS: JONES RICHARD
JONES CHARLOTTE
REGION CODE ADDRESS : 5752 CLARENDON DR
01 CITY : PLANO
STATE/ZIP : TX 75903
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,802.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0030888929 MORTGAGORS: MARTORANA ERIC
MARTORANA CHRISTINE
REGION CODE ADDRESS : 3717 WINLOCK WAY
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 224,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,920.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030889018 MORTGAGORS: FRITCHER JAMES
FRITCHER SARA
REGION CODE ADDRESS : 11090 EAST DEL TIMBRE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,748.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,646.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.49400
----------------------------------------------------------------
0 0030889208 MORTGAGORS: DE LUNA CARLO
REGION CODE ADDRESS : 454 PROSPECT AVENUE UNIT 192
01 CITY : WEST ORANGE
STATE/ZIP : NJ 07052
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,336.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,927.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030889380 MORTGAGORS: HOPKINS THOMAS
HOPKINS LORRI
REGION CODE ADDRESS : 408 SOUTH RIDGE CIRCLE
01 CITY : GEORGETOWN
STATE/ZIP : TX 78628
MORTGAGE AMOUNT : 176,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,756.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,276.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,330,700.00
P & I AMT: 9,875.14
UPB AMT: 1,329,565.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030889463 MORTGAGORS: BRONNER PETER
REGION CODE ADDRESS : 421 VALLEY FARM ROAD
01 CITY : MILLBROOK
STATE/ZIP : NY 12545
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,860.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 47.36800
----------------------------------------------------------------
0 0030889554 MORTGAGORS: RUSS DAVID
FEHSKENS EILEEN
REGION CODE ADDRESS : 605 COQUINA LANE
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,782.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,472.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0030889570 MORTGAGORS: MARR-HODAPP KATHRYN
HODAPP WILLIAM
REGION CODE ADDRESS : 1410 SHERMAN LAKE ROAD
01 CITY : LINO LAKES
STATE/ZIP : MN 55038
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,853.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 73.44200
----------------------------------------------------------------
0 0030889588 MORTGAGORS: DETERMAN GREGORY
DETERMAN CANDY
REGION CODE ADDRESS : 5400 PARKFORD CIRCLE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,701.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,558.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.23900
----------------------------------------------------------------
0 0030889919 MORTGAGORS: SCHIPPEREIT THAD
AYRES BARBARA
REGION CODE ADDRESS : 15 HILLSYDE COURT LOT #6
01 CITY : COCKEYSVILLE
STATE/ZIP : MD 21030
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,434.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,422.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 89.83700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,447,000.00
P & I AMT: 10,827.24
UPB AMT: 1,445,631.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030889976 MORTGAGORS: GREENE WENDY
MARTEL TIMOTHY
REGION CODE ADDRESS : 44 SOLOMON PIERCE ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,836.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 35.76500
----------------------------------------------------------------
0 0030890073 MORTGAGORS: BAKER MERRIMON
BAKER TWILA
REGION CODE ADDRESS : 93 WINTHROP HARBOR
01 CITY : MONTGOMERY
STATE/ZIP : TX 77356
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,540.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,598.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.67583
----------------------------------------------------------------
0 0030890305 MORTGAGORS: KASSELS MICHAEL
REGION CODE ADDRESS : 966 OAK VISTA CT.
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 413,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,215.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,998.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98200
----------------------------------------------------------------
0 0030890446 MORTGAGORS: QIN DEHAO
WEI RU
REGION CODE ADDRESS : 37 WHITE BIRCH LANE
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 239,280.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,111.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.78659
----------------------------------------------------------------
0 0030890891 MORTGAGORS: CHAFETZ GARY
PETERSON DEANNE
REGION CODE ADDRESS : 18-20 FARWELL PLACE
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,798.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 46.34100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,537,780.00
P & I AMT: 11,209.17
UPB AMT: 1,536,502.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030891204 MORTGAGORS: LEONARD STEVEN
LEONARD GALE
REGION CODE ADDRESS : 10506 CATESBY ROW
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,035.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030891253 MORTGAGORS: HAHN SALLY
HAHN MICHAEL
REGION CODE ADDRESS : 41 DEERTREE LANE
01 CITY : BRIARCLIFF MANOR
STATE/ZIP : NY 10510
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,555.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.98700
----------------------------------------------------------------
0 0030891360 MORTGAGORS: TIPTON E
TIPTON CONSTANCE
REGION CODE ADDRESS : 648 INDEPENDENCE AVENUE, S.E.
01 CITY : WASHINGTON
STATE/ZIP : DC 20003
MORTGAGE AMOUNT : 391,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,937.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,870.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.96116
----------------------------------------------------------------
0 0030891782 MORTGAGORS: GALIPO RICHARD
GALIPO KAREN
REGION CODE ADDRESS : 24 EAGLE COURT
01 CITY : RANDOLPH TOWNSHIP
STATE/ZIP : NJ 07869
MORTGAGE AMOUNT : 259,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,711.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.21400
----------------------------------------------------------------
0 0030891907 MORTGAGORS: MOORE STEPHEN
MOORE ANNE
REGION CODE ADDRESS : 9404 THURSTON COURT
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 325,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,877.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,302.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,545,650.00
P & I AMT: 11,168.66
UPB AMT: 1,544,117.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030892277 MORTGAGORS: NIELSEN NORMAN
NIELSEN DEBORAH
REGION CODE ADDRESS : 94 MAPLE STREET
01 CITY : STOW
STATE/ZIP : MA 01775
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030892525 MORTGAGORS: WHEELER R.
WHEELER SARAH
REGION CODE ADDRESS : 512 DE SALES STREET
01 CITY : SAN GABRIEL
STATE/ZIP : CA 91775
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,654.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030892780 MORTGAGORS: YOUNIS WARNER
YOUNIS PATRICIA
REGION CODE ADDRESS : 6932 LIVINGSTON DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,607.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,454.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030892855 MORTGAGORS: ZIMMERMAN JEFFREY
ZIMMERMAN LORI
REGION CODE ADDRESS : 236 BRIARWOOD DR
01 CITY : SELLERSVILLE
STATE/ZIP : PA 18960
MORTGAGE AMOUNT : 332,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,053.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,323.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.98700
----------------------------------------------------------------
0 0030893028 MORTGAGORS: SADOFF MARK
SADOFF THERESA
REGION CODE ADDRESS : 8153 PASEO TAXCO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,429.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.21200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,754,300.00
P & I AMT: 12,645.56
UPB AMT: 1,752,745.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030893051 MORTGAGORS: JACQUES JAMES
JACQUES PAMELA
REGION CODE ADDRESS : 1953 ALTA OAKS DRIVE
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 545,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 544,247.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,951.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.15400
----------------------------------------------------------------
0 0030893077 MORTGAGORS: BLAYLOCK DELBERT
BLAYLOCK LORA
REGION CODE ADDRESS : 7 PURCELL DRIVE
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,672.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,718.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.21700
----------------------------------------------------------------
0 0030893085 MORTGAGORS: KAAS JEFFREY
KAAS STACEY
REGION CODE ADDRESS : 6409 136TH PLACE SW
01 CITY : EDMONDS
STATE/ZIP : WA 98026
MORTGAGE AMOUNT : 250,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,470.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030893119 MORTGAGORS: MANN EDWARD
MANN AVA
REGION CODE ADDRESS : 10750 ANCONA LANE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,790.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,204.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030893457 MORTGAGORS: REICHHOLD GARY
REICHHOLD CATHERINE
REGION CODE ADDRESS : 171 DANIEL DRIVE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 399,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,361.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,934.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,736,700.00
P & I AMT: 12,670.78
UPB AMT: 1,734,543.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030893663 MORTGAGORS: DUNHAM JEFFREY
REGION CODE ADDRESS : 19226 BRIARFIELD WAY
01 CITY : TARZANA AREA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 747,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 746,068.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,416.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 79.99500
----------------------------------------------------------------
0 0030893804 MORTGAGORS: SAWKAR ANIL
SAWKAR CHITRA
REGION CODE ADDRESS : 20 HANSOM ROAD
01 CITY : BERNARDS TOWNSHIP
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 277,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,736.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,057.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0030893846 MORTGAGORS: WISE BARBARA
WISE JEFFREY
REGION CODE ADDRESS : 2269 CANYON DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 338,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,920.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,424.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030894018 MORTGAGORS: DUNLOP JOHN
HADAD NANCY
REGION CODE ADDRESS : 302 ALDERWOOD DRIVE
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 306,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,231.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0030894364 MORTGAGORS: SVOBODA LARRY
SVOBODA CHRISTINE
REGION CODE ADDRESS : 209 KIMBALL AVENUE
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,541.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,656.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.35700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,319,300.00
P & I AMT: 16,673.77
UPB AMT: 2,316,498.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030894398 MORTGAGORS: ROUSH ALAN
ROUSH HOLLY
REGION CODE ADDRESS : 1104 MANNING DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,805.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99200
----------------------------------------------------------------
0 0030894455 MORTGAGORS: DIVARIS MICHAEL
DIVARIS LESLEY
REGION CODE ADDRESS : 428 GOSNOLD COURT
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23451
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,785.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030894513 MORTGAGORS: MC ELVEEN WILLIAM
HANNON PAMELA
REGION CODE ADDRESS : 2157 E ADMIRAL DRIVE
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23451
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,845.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030894810 MORTGAGORS: THOMAS R
THOMAS KELLIE
REGION CODE ADDRESS : 945 PIEDMONT AVENUE
01 CITY : ATLANTA
STATE/ZIP : GA 30309
MORTGAGE AMOUNT : 373,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,242.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,708.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030894836 MORTGAGORS: LATTA WILLIAM
LATTA KATE
REGION CODE ADDRESS : 20 MILLS POINT,UNIT 83,BUILDING 17
01 CITY : MIDDLETON
STATE/ZIP : MA 01949
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,351.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,444,000.00
P & I AMT: 10,601.33
UPB AMT: 1,443,031.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030894877 MORTGAGORS: JERNSTEDT RICHARD
JERNSTEDT JEAN
REGION CODE ADDRESS : 195 N. HARBOR DRIVE UNIT 4901
01 CITY : CHICAGO
STATE/ZIP : IL 60601
MORTGAGE AMOUNT : 247,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.97400
----------------------------------------------------------------
0 0030894885 MORTGAGORS: TURNER JOHN
TURNER BELINDA
REGION CODE ADDRESS : 14450 WATERFORD COURT
01 CITY : GREEN OAKS
STATE/ZIP : IL 60048
MORTGAGE AMOUNT : 280,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,416.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 72.99800
----------------------------------------------------------------
0 0030895072 MORTGAGORS: MANNIS DAVID
MANNIS JULIE
REGION CODE ADDRESS : 5555 CORAL REEF AVENUE
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,482.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,817.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030895213 MORTGAGORS: JOHNSON LINDA
REGION CODE ADDRESS : 84 BAYVIEW
01 CITY : LOVELADIES
STATE/ZIP : NJ 08088
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,079.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,656.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.42100
----------------------------------------------------------------
0 0030895221 MORTGAGORS: STERN ERIC
STERN MARIA
REGION CODE ADDRESS : 35 CENTER SHORE ROAD
01 CITY : CENTERPORT
STATE/ZIP : NY 11721
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,846.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,809,200.00
P & I AMT: 13,273.60
UPB AMT: 1,807,425.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030895247 MORTGAGORS: VERNE PETER
VERNE JERA
REGION CODE ADDRESS : 315 SOUTH PITT STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 300,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,898.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 62.26100
----------------------------------------------------------------
0 0030895254 MORTGAGORS: YAUNG JUN
JIANG HONGYAN
REGION CODE ADDRESS : 20896 PEPPERTREE LANE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,431.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,335.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030895262 MORTGAGORS: EVANI BHANU
EVANI RENUKA
REGION CODE ADDRESS : 9008 ASHCROFT WAY
01 CITY : RICHMOND
STATE/ZIP : VA 23236
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,200.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030895312 MORTGAGORS: JOSEPHSON JOSEPH
JOSEPHSON MARTHA
REGION CODE ADDRESS : 99 ORCHARD HILL
01 CITY : ATHERTON
STATE/ZIP : CA 94027
MORTGAGE AMOUNT : 1,680,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,678,928.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 12,621.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 015
LTV : 68.57100
----------------------------------------------------------------
0 0030895437 MORTGAGORS: SULLIVAN MARTIN
FITZPATRICK MARY
REGION CODE ADDRESS : 3908 TERRY PL.
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22304
MORTGAGE AMOUNT : 377,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,312.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,607.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 3,084,100.00
P & I AMT: 22,790.08
UPB AMT: 3,081,772.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030895486 MORTGAGORS: BLACK STEVEN
BLACK GEORGIA
REGION CODE ADDRESS : 21 HEATHER LANE
01 CITY : DARIEN
STATE/ZIP : CT 06820
MORTGAGE AMOUNT : 499,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,820.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,447.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030895585 MORTGAGORS: MCAULIFF DAVID
MCAULIFF NAOMI
REGION CODE ADDRESS : 8 MARIAN CIRCLE
01 CITY : CHALFONT
STATE/ZIP : PA 18914
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,809.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.96700
----------------------------------------------------------------
0 0030895767 MORTGAGORS: HINESLEY CATHRYNNE
HINESLEY DAVID
REGION CODE ADDRESS : 9911 YACHTHAVEN DRIVE
01 CITY : BURKE
STATE/ZIP : VA 22015
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,147.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.68100
----------------------------------------------------------------
0 0030895791 MORTGAGORS: CLONTS PETER
CLONTS MICHELE
REGION CODE ADDRESS : 7267 MILLER AVENUE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 232,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,960.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0030895825 MORTGAGORS: LAUFER DANIEL
LAUFER THERESA
REGION CODE ADDRESS : 3739 TYNEMOORE TRACE
01 CITY : SMYRNA
STATE/ZIP : GA 30080
MORTGAGE AMOUNT : 277,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,259.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,011.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,658,900.00
P & I AMT: 11,817.17
UPB AMT: 1,656,996.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030895866 MORTGAGORS: MEIXNER STEVEN
MEIXNER CYNTHIA
REGION CODE ADDRESS : 3900 GLENRIDGE DRIVE
01 CITY : SHERMAN OAKS AREA LOS ANG
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,644.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030895932 MORTGAGORS: KRASSOW RONALD
KRASSOW LINDA
REGION CODE ADDRESS : 1347 WHISPERING PINE DRIVE
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,797.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.54500
----------------------------------------------------------------
0 0030896484 MORTGAGORS: THOMAS KENNETH
THOMAS KATHLEEN
REGION CODE ADDRESS : 1411 BAFFY LOOP
01 CITY : CHESAPEAKE
STATE/ZIP : VA 23320
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,781.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.66900
----------------------------------------------------------------
0 0030896609 MORTGAGORS: ZARIFES PETER
ZARIFES PHOTINA
REGION CODE ADDRESS : 1720 BANNING WAY
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,412.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,973.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.16666
----------------------------------------------------------------
0 0030896617 MORTGAGORS: DONDERO ROBERT
DONDERO MARY ANN
REGION CODE ADDRESS : 9733 CAMDEN HILLS AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89128
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,776.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.55100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,641,000.00
P & I AMT: 11,980.54
UPB AMT: 1,639,413.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030896732 MORTGAGORS: BROWN DONALD
HANSON KIMBERLEY
REGION CODE ADDRESS : 1227 SHAKER DRIVE
01 CITY : HERNDON
STATE/ZIP : VA 20170
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,792.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030896773 MORTGAGORS: CARROLL DAVID
HEATH GINA
REGION CODE ADDRESS : 837 MILAN TERRACE DR.
01 CITY : FT COLLINS
STATE/ZIP : CO 80525
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,412.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,035.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.02100
----------------------------------------------------------------
0 0030896799 MORTGAGORS: EPTON SCOTT
EPTON BETSY
REGION CODE ADDRESS : 1125 ADIRONDACK
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,596.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030896880 MORTGAGORS: PETIT EDWARD
PETIT TERESA
REGION CODE ADDRESS : 1120 CARLYLE COURT
01 CITY : ARLINGTON HEIGHTS
STATE/ZIP : IL 60004
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,283.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,366.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.62900
----------------------------------------------------------------
0 0030896955 MORTGAGORS: CALLINAN NICHOLAS
REGION CODE ADDRESS : 63 COPPERMINE ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 300,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,853.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 35.30000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,505,350.00
P & I AMT: 11,021.26
UPB AMT: 1,503,937.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030896997 MORTGAGORS: FLOOD ROBERT
FLOOD JOANN
REGION CODE ADDRESS : 1240 S JAMES ST
01 CITY : BROOKFIELD
STATE/ZIP : WI 53005
MORTGAGE AMOUNT : 239,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,940.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.20000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.20000 PRODUCT CODE : 002
LTV : 79.75000
----------------------------------------------------------------
0 0030897045 MORTGAGORS: BRIGHAM BEN
BRIGHAM ANNE
REGION CODE ADDRESS : 3314 THREE RIVERS DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,291.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030897094 MORTGAGORS: GROSSMAN LEWIS
GROSSMAN CINDY
REGION CODE ADDRESS : 2008 NORTH WATER VIEW COURT
01 CITY : TUCSON
STATE/ZIP : AZ 85749
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,463.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.81628
----------------------------------------------------------------
0 0030897110 MORTGAGORS: FIFFLES EVAN
FIFFLES JULIE
REGION CODE ADDRESS : 13035 HEDGE APPLE DRIVE
01 CITY : LOCKPORT
STATE/ZIP : IL 60441
MORTGAGE AMOUNT : 224,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,337.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,589.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 92.76800
----------------------------------------------------------------
0 0030897151 MORTGAGORS: SCHEMMEL STEVE
NIXON KAREN
REGION CODE ADDRESS : 4214 MANNING LN
01 CITY : DALLAS
STATE/ZIP : TX 75220
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,813.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,107.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,475,950.00
P & I AMT: 10,640.68
UPB AMT: 1,473,847.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030897243 MORTGAGORS: LOPERENA RAUL
LOPERNEA SHERYL
REGION CODE ADDRESS : 17610 BELLETTO DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 329,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,300.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,361.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.99400
----------------------------------------------------------------
0 0030897474 MORTGAGORS: HIRAKAWA STANLEY
HIRAKAWA DENISE
REGION CODE ADDRESS : 22913 WARD STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,801.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030897607 MORTGAGORS: HIMMELSTEIN ALAN
FREEDMAN MARION
REGION CODE ADDRESS : 24 NORTHDALE ROAD
01 CITY : WHITE PLAINS
STATE/ZIP : NY 10605
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,704.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,887.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030898035 MORTGAGORS: HICKSON ROBERT
HICKSON SANDRA
REGION CODE ADDRESS : 1189 KIMBERLY DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,826.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030898050 MORTGAGORS: FRY LESTER
FRY VALERIE
REGION CODE ADDRESS : 259 E ROSE TREE ROAD
01 CITY : MEDIA
STATE/ZIP : PA 19063
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,820.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.34700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,546,600.00
P & I AMT: 11,139.89
UPB AMT: 1,545,452.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030898217 MORTGAGORS: DANIELS THOMAS
HENDREN CODY
REGION CODE ADDRESS : 9258 MEREDITH COURT
01 CITY : LITTLETON
STATE/ZIP : CO 80124
MORTGAGE AMOUNT : 265,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,721.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030898423 MORTGAGORS: WAX HOWARD
REGION CODE ADDRESS : 1410 N STATE PARKWAY #24B
01 CITY : CHICAGO
STATE/ZIP : IL 60600
MORTGAGE AMOUNT : 340,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,571.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,500.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030898555 MORTGAGORS: FORAN JOHN
FORAN PAMELA
REGION CODE ADDRESS : 6 FARM HILL ROAD
01 CITY : DENNIS
STATE/ZIP : MA 02638
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,548.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/17
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.37500
----------------------------------------------------------------
0 0030898704 MORTGAGORS: SEELERT RODGER
SEELERT NANCY
REGION CODE ADDRESS : 4317 MT HELIX HIGHLAND DR
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,005.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030898803 MORTGAGORS: APONTE CARLOS
APONTE LUIS
REGION CODE ADDRESS : 105 JACKSONVILLE ROAD
01 CITY : LINCOLN PARK
STATE/ZIP : NJ 07035
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,365,600.00
P & I AMT: 10,258.90
UPB AMT: 1,364,346.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030898837 MORTGAGORS: EIGNOR DANIEL
COOK LINDA
REGION CODE ADDRESS : 5 LAKEVIEW ROAD
01 CITY : LAMBERTVILLE
STATE/ZIP : NJ 08503
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 72.85700
----------------------------------------------------------------
0 0030899009 MORTGAGORS: WILCOX DALE
WILCOX PATRICIA
REGION CODE ADDRESS : 162 CHITTENDEN ROAD
01 CITY : KILLINGWORTH
STATE/ZIP : CT 06419
MORTGAGE AMOUNT : 249,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,522.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030899256 MORTGAGORS: YAO KE-THIA
YANG SHU-MAN
REGION CODE ADDRESS : 17267 SIGNATURE DRIVE
01 CITY : LOS ANGELES (GRANADA HILL
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 277,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,206.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030899520 MORTGAGORS: JARVIS CRAIG
JARVIS JOLENE
REGION CODE ADDRESS : 836 ASHLEY LANE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,355.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0030899546 MORTGAGORS: WOLLAN THOMAS
WOLLAN JOAN
REGION CODE ADDRESS : 866 GOVERN CIRCLE
01 CITY : EAGAN
STATE/ZIP : MN 55123
MORTGAGE AMOUNT : 282,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,605.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,050.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,465,250.00
P & I AMT: 10,675.77
UPB AMT: 1,462,689.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030899553 MORTGAGORS: HAGLUND SCOTT
HAGLUND PAMELA
REGION CODE ADDRESS : 164 58TH COURT
01 CITY : WEST DES MOINES
STATE/ZIP : IA 50266
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,323.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030899579 MORTGAGORS: VERGARA RODELIO
VERGARA JOSENA
REGION CODE ADDRESS : 47 VILLAGE ROAD
01 CITY : KENDALL PARK
STATE/ZIP : NJ 08824
MORTGAGE AMOUNT : 238,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,894.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 83.23400
----------------------------------------------------------------
0 0030899702 MORTGAGORS: CONN JOSEPH
CONN MARY
REGION CODE ADDRESS : 11106 EAST DEL TIMBRE DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,702.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,132.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030899710 MORTGAGORS: BRIDGEMAN KEENE
BRIDGEMAN TANIA
REGION CODE ADDRESS : 29161 MURRE LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,667.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.31200
----------------------------------------------------------------
0 0030899744 MORTGAGORS: SWARTZ DANIEL
SWARTZ KELLY
REGION CODE ADDRESS : 681 HILLSIDE AVE
01 CITY : GLEN ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,738.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,861.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,539,550.00
P & I AMT: 11,176.56
UPB AMT: 1,538,325.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030899850 MORTGAGORS: LASHER MATTHEW
LASHER BETH
REGION CODE ADDRESS : 9205 CUB RUN DRIVE
01 CITY : CONCORD
STATE/ZIP : NC 28027
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,645.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0030899892 MORTGAGORS: BARLESI GEORGE
BARLESI LINDA
REGION CODE ADDRESS : 2626 FOSTER STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,840.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.33300
----------------------------------------------------------------
0 0030899991 MORTGAGORS: BROWN DONALD
BROWN DONNA
REGION CODE ADDRESS : 3139 HAWKCREST CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,518.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.67500
----------------------------------------------------------------
0 0030900021 MORTGAGORS: ABELMAN HENRY
REGION CODE ADDRESS : 8360 SENTINAE CHASE DR.
01 CITY : DOSWELL
STATE/ZIP : GA 30076
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 48.59500
----------------------------------------------------------------
0 0030900278 MORTGAGORS: WORTH MARK
REGION CODE ADDRESS : 2980 RIVER RD.
01 CITY : NEW HOPE
STATE/ZIP : PA 18938
MORTGAGE AMOUNT : 300,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,827.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 53.10619
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,352,050.00
P & I AMT: 9,577.03
UPB AMT: 1,350,831.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030900302 MORTGAGORS: DENNIS THERON
DENNIS TANYA
REGION CODE ADDRESS : 100 FOREST BROOK DRIVE
01 CITY : APEX
STATE/ZIP : NC 27502
MORTGAGE AMOUNT : 220,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,617.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99265
----------------------------------------------------------------
0 0030900849 MORTGAGORS: FERDMAN ALEJANDRO
FERDMAN RISA
REGION CODE ADDRESS : 6107 SCERRA ARBOR COURT
01 CITY : AUSTIN
STATE/ZIP : TX 78759
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,827.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030900856 MORTGAGORS: RAVINDRAN SATKUNANANDA
RAVINDRAN YASODRA
REGION CODE ADDRESS : 11065 HISKEY LANE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 296,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,539.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98700
----------------------------------------------------------------
0 0030900864 MORTGAGORS: FRAHER BRIAN
FRAHER LAURA
REGION CODE ADDRESS : 5102 GREENCREST ROAD
01 CITY : LA CANADA
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 648,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,658.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,590.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.00000
----------------------------------------------------------------
0 0030900880 MORTGAGORS: NICELEY DARYL
NICELEY LORIANN
REGION CODE ADDRESS : 1030 OLDE TOWNE LANE
01 CITY : WOODSTOCK
STATE/ZIP : GA 30189
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,732.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,813.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,792,050.00
P & I AMT: 12,859.62
UPB AMT: 1,790,258.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030900914 MORTGAGORS: BLUCHER BERNARD
REGION CODE ADDRESS : 17 POINT ROAD
01 CITY : BAYPORT
STATE/ZIP : MN 55003
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,759.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0030900989 MORTGAGORS: HONNEN SCOTT
HONNEN ARDEN
REGION CODE ADDRESS : 15519 EL CAMINO REAL
01 CITY : RANCHO SANTA FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,752.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 42.42400
----------------------------------------------------------------
0 0030901060 MORTGAGORS: JOHNSON PETER
REGION CODE ADDRESS : 154 GRUNEWALD COURT
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95065
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,806.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030901136 MORTGAGORS: MCFADDEN STEPHANIE
REGION CODE ADDRESS : 2140 SUTTON PLACE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,652.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.53800
----------------------------------------------------------------
0 0030901367 MORTGAGORS: KAPLAN RONALD
MAYOR JUNE
REGION CODE ADDRESS : 615 TOURAINE TERRACE
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 442,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,695.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,204.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,662,000.00
P & I AMT: 11,974.07
UPB AMT: 1,660,665.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030901441 MORTGAGORS: GARCIA JOHN
LOVE-GARCIA NANCY
REGION CODE ADDRESS : 754 NORTH HOOVER AVENUE
01 CITY : LOUISVILLE
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 235,392.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,225.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.49000
----------------------------------------------------------------
0 0030901565 MORTGAGORS: CLAFLIN GERARD
CLAFLIN CHERYLE
REGION CODE ADDRESS : 5311 ERICKSON DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 253,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,584.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0030901581 MORTGAGORS: HERTZ BRADLEY
HERTZ LAURA
REGION CODE ADDRESS : 23344 CALIFA STREET
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,929.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.69200
----------------------------------------------------------------
0 0030901615 MORTGAGORS: HODGES JOHN
SATO NANCY
REGION CODE ADDRESS : 147 ARBOR LANE
01 CITY : MOSS BEACH
STATE/ZIP : CA 94038
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,589.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030901623 MORTGAGORS: MCDERMOTT CRAIG
MCDERMOTT MERCEDES
REGION CODE ADDRESS : 342 STOW RD.
01 CITY : HARVARD
STATE/ZIP : MA 01451
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.94100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,382,142.00
P & I AMT: 9,896.86
UPB AMT: 1,380,129.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030901649 MORTGAGORS: ENCINIAS PAUL
ENCINIAS DORIS
REGION CODE ADDRESS : 465 WHITETAIL CIRCLE
01 CITY : LAFAYETTE
STATE/ZIP : CO 80026
MORTGAGE AMOUNT : 253,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,175.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0030901821 MORTGAGORS: MALLON FRANCES
MALLON EDWARD
REGION CODE ADDRESS : 55 LOCKE ROAD
01 CITY : NEW CASTLE
STATE/ZIP : NH 03854
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,827.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 49.34045
----------------------------------------------------------------
0 0030901995 MORTGAGORS: FEREZY JOSEPH
FEREZY SHARI
REGION CODE ADDRESS : 1790 BRONZEWOOD COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 375,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,634.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,693.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.97800
----------------------------------------------------------------
0 0030902043 MORTGAGORS: MOORE DONALD
MOORE SHERYL
REGION CODE ADDRESS : 225 ANDREA DRIVE
01 CITY : ROCKAWAY
STATE/ZIP : NJ 07866
MORTGAGE AMOUNT : 222,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030902308 MORTGAGORS: RUDOLPH PAUL
RUDOLPH PHYLLIS
REGION CODE ADDRESS : 13 SHADOW RIDGE COURT
01 CITY : FRISCO
STATE/ZIP : TX 75034
MORTGAGE AMOUNT : 322,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,722.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,313.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,500.00
P & I AMT: 10,257.01
UPB AMT: 1,418,659.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030902324 MORTGAGORS: KROFT KEVIN
REGION CODE ADDRESS : 2008 DONNA DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 511,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 510,848.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,706.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030902472 MORTGAGORS: GROSSMAN IRA
GROSSMAN DEBBIE
REGION CODE ADDRESS : 4204 CHERRY VALLEY DRIVE
01 CITY : OLNEY
STATE/ZIP : MD 20832
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,832.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030902522 MORTGAGORS: MCHALE MICHAEL
MCHALE PATRICIA
REGION CODE ADDRESS : 2321 BRICKSTONE CIRCLE
01 CITY : CONCORD
STATE/ZIP : NC 28025
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,684.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030902589 MORTGAGORS: FELDMAN EDWARD
FELDMAN PATRICIA
REGION CODE ADDRESS : 1800 UPPER RANCH ROAD
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,630.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,035.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.90123
----------------------------------------------------------------
0 0030902639 MORTGAGORS: SHOPSHIRE MICHAEL
SHOPSHIRE JULIE
REGION CODE ADDRESS : 505 SOUTH TUMBLEWEED ROAD
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,062.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.96200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,776,600.00
P & I AMT: 12,929.12
UPB AMT: 1,775,059.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030902712 MORTGAGORS: SMITH DOUGLAS
SMITH HILLARY
REGION CODE ADDRESS : 429 W. HILLSDALE BOULEVARD
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,767.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0030902720 MORTGAGORS: DE PLANQUE EMILE
DE PLANQUE ROSANNA
REGION CODE ADDRESS : 3720 CENTER WAY
01 CITY : FAIRFAX
STATE/ZIP : VA 22033
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,808.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030902738 MORTGAGORS: BRENNE GORDON
RAAB CONSTANCE
REGION CODE ADDRESS : 1112 WOODSIDE PARKWAY
01 CITY : SILVER SPRING
STATE/ZIP : MD 20910
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,787.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,326.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 63.40000
----------------------------------------------------------------
0 0030902753 MORTGAGORS: SCHABERG RICHARD
SCHABERG SARA
REGION CODE ADDRESS : 5312 BLACKISTONE ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 351,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,952.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,516.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030902795 MORTGAGORS: SAPIN CRAIG
SAPIN CAROLYN
REGION CODE ADDRESS : 2030 AVILA COURT
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,079.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,656.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.88300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,912,200.00
P & I AMT: 13,731.50
UPB AMT: 1,910,394.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030902837 MORTGAGORS: MORRIS MICHAEL
MORRIS TOSHIKO
REGION CODE ADDRESS : 1110 BOUNTY DRIVE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,781.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
0 0030903496 MORTGAGORS: MACKEY PHILLIP
MACKEY SUSAN
REGION CODE ADDRESS : 28242 MILLWOOD ROAD
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,785.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.94871
----------------------------------------------------------------
0 0030903553 MORTGAGORS: EMILITA MARIA
EMILITA CHARLES
REGION CODE ADDRESS : 174 TERRACE AVENUE
01 CITY : HASBROUCK HEIGHTS
STATE/ZIP : NJ 07604
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,928.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030903736 MORTGAGORS: DAVIES GEORGE
DAVIES SUSAN
REGION CODE ADDRESS : 4221 GLENWOOD AVENUE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35213
MORTGAGE AMOUNT : 242,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,572.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.96629
----------------------------------------------------------------
0 0030903819 MORTGAGORS: CHIANG MIKE
CHIANG LINA
REGION CODE ADDRESS : 8 PLANTATION CIRCLE
01 CITY : VALDOSTA
STATE/ZIP : GA 31602
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,823.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,359,300.00
P & I AMT: 9,823.85
UPB AMT: 1,357,891.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030903827 MORTGAGORS: KOLBERT STEVEN
HAIGHT STEPHEN
REGION CODE ADDRESS : 4797 EDISON STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92117
MORTGAGE AMOUNT : 220,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,179.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,560.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030903918 MORTGAGORS: SUN MIKE
SUN LISA
REGION CODE ADDRESS : 59 DEACON ABBOTT ROAD
01 CITY : REDDING
STATE/ZIP : CT 06896
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,605.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030904080 MORTGAGORS: COX ROBERT
COX CHRISTY
REGION CODE ADDRESS : 6944 CREST ROAD
01 CITY : RANCHO PALOS VERDE
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,703.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
0 0030904106 MORTGAGORS: LYNCH MARK
O'NEILL KATHLEEN
REGION CODE ADDRESS : 157 LINCOLN ROAD
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 50.10400
----------------------------------------------------------------
0 0030904130 MORTGAGORS: HAJI ARIF
HAJI AZMINA
REGION CODE ADDRESS : 4009 VIA PAVION
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90244
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,697.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,066.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,568,500.00
P & I AMT: 11,235.84
UPB AMT: 1,567,187.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030904171 MORTGAGORS: CHEN JASSEN
CHEN KAREN
REGION CODE ADDRESS : 2302 PALM CIRCLE
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030904205 MORTGAGORS: MORSE ROBERT
MORSE SUSAN
REGION CODE ADDRESS : 2534 CALLE JADE
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030904221 MORTGAGORS: QUEBBEMAN THOMAS
QUEBBEMAN TERESA
REGION CODE ADDRESS : 28461 BRANDON DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 249,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,987.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0030904239 MORTGAGORS: SAWYERS WILLIAM
REGION CODE ADDRESS : 370 MOLINO AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,056.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,600.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0030904247 MORTGAGORS: HARRINGTON STEPHEN
HARRINGTON LESLIE
REGION CODE ADDRESS : 17 LUIZ COURT
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 361,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,287.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,591.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,846,150.00
P & I AMT: 13,177.97
UPB AMT: 1,844,331.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030904262 MORTGAGORS: O'LEARY MATHEW
O'LEARY DEBORAH
REGION CODE ADDRESS : 7538 GREYSTONE DRIVE
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,754.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,493.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030904296 MORTGAGORS: BOVBERG BRIANE
SPRINGER ALINA
REGION CODE ADDRESS : 7 HIGHLAND AVENUE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,576.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,298.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030904577 MORTGAGORS: SAGRERA RALPH
REGION CODE ADDRESS : 6004 CANAL BLVD
01 CITY : NEW ORLEANS
STATE/ZIP : LA 70124
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,827.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.56700
----------------------------------------------------------------
0 0030904585 MORTGAGORS: SIEGHARDT PEGGY
MAESTAS FRANK
REGION CODE ADDRESS : 12 ROC ETAM ROAD
01 CITY : RANDOLPH
STATE/ZIP : NJ 07869
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,774.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030904593 MORTGAGORS: DACKOW KIRK
DACKOW SUSAN
REGION CODE ADDRESS : 63 OLD OAK DRIVE
01 CITY : NEW PROVIDENCE
STATE/ZIP : NJ 07974
MORTGAGE AMOUNT : 309,985.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,787.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,803,985.00
P & I AMT: 12,977.49
UPB AMT: 1,802,720.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030904619 MORTGAGORS: KEELING ROGER
KEELING CAROLYN
REGION CODE ADDRESS : 3660 NEWPORT BAY DRIVE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30202
MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,985.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030904924 MORTGAGORS: PASCUCCI STEVEN
PASCUCCI JENNIFER
REGION CODE ADDRESS : 291 POPE ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,655.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,625.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.74000
----------------------------------------------------------------
0 0030905004 MORTGAGORS: SLATTER CAROL
LEVANT RONALD
REGION CODE ADDRESS : 714 NW 101 TERRACE
01 CITY : PLANTATION
STATE/ZIP : FL 33324
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,814.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.36300
----------------------------------------------------------------
0 0030905442 MORTGAGORS: FOELL JONATHAN
OKANO CYNTHIA
REGION CODE ADDRESS : 1132 DOUGLAS COURT
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,749.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 52.83000
----------------------------------------------------------------
0 0030905723 MORTGAGORS: WILKES BRENT
DADOURIAN LINDA
REGION CODE ADDRESS : 40 FULLER POND ROAD
01 CITY : MIDDLETON
STATE/ZIP : MA 01949
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.64100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,656,200.00
P & I AMT: 12,017.53
UPB AMT: 1,654,205.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030905772 MORTGAGORS: WONG DANNY
WONG TERESA
REGION CODE ADDRESS : 1857 CRYSTAL VIEW CIRCLE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 214,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,528.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,533.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 52.20700
----------------------------------------------------------------
0 0030905996 MORTGAGORS: PANIZZA ANTONIO
PANIZZA SHIRLEY
REGION CODE ADDRESS : 11307 TAFFRAIL COURT
01 CITY : RESTON
STATE/ZIP : VA 20191
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,035.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030906127 MORTGAGORS: ROGERS SCOTT
ROGERS ANNE
REGION CODE ADDRESS : 3 CATAMOUNT LN
01 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,721.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,929.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030906150 MORTGAGORS: HAN SHAWN
HAN ANDREA
REGION CODE ADDRESS : 10404 E. PRENTICE PL.
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,717.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,972.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030906176 MORTGAGORS: DOHERTY DANIEL
DOHERTY KATRINA
REGION CODE ADDRESS : 2521 OTTER COURT
01 CITY : LAFAYETTE
STATE/ZIP : CO 80026
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,585.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.64400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,487,950.00
P & I AMT: 10,710.76
UPB AMT: 1,486,590.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030906242 MORTGAGORS: SACKS JEFFREY
SACKS SHARI
REGION CODE ADDRESS : 2412 MEADOW DRIVE NORTH
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,723.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,023.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030906465 MORTGAGORS: LEE CHAIN
LEE ALICE
REGION CODE ADDRESS : 12L NORTH COMMONS
01 CITY : LINCOLN
STATE/ZIP : MA 01773
MORTGAGE AMOUNT : 226,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,605.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030906481 MORTGAGORS: LASSA PAUL
PAWLIK PALMYRA
REGION CODE ADDRESS : 1352 PARK DRIVE
01 CITY : MOUNTAINVIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 355,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,484.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,546.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030906564 MORTGAGORS: UDEH STEVEN
UDEH ELIZABETH
REGION CODE ADDRESS : 48 ARLEN WAY
01 CITY : WEST HARTFORD
STATE/ZIP : CT 06117
MORTGAGE AMOUNT : 244,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,294.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 77.65000
----------------------------------------------------------------
0 0030906580 MORTGAGORS: SINELL LYLE
SINELL KAREN
REGION CODE ADDRESS : 1024 MC CAULEY ROAD
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 549,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,502.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,892.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99825
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,788,800.00
P & I AMT: 12,926.55
UPB AMT: 1,786,805.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030906606 MORTGAGORS: VALES RICHARD
HEFFERNAN BARBARA
REGION CODE ADDRESS : 6 RYAN LANE
01 CITY : POMPTON PLAINS
STATE/ZIP : NJ 07444
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030906614 MORTGAGORS: SCHWEITZER BRENT
SCHWEITZER TERRESA
REGION CODE ADDRESS : 43511 BOW CANYON
01 CITY : BIG BEAR LAKE
STATE/ZIP : CA 92315
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,739.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030906705 MORTGAGORS: ERMAN KENNETH
ERMAN MARISA
REGION CODE ADDRESS : 146 TINARI DRIVE
01 CITY : NORTHAMPTON TWP.
STATE/ZIP : PA 18954
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,761.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.14800
----------------------------------------------------------------
0 0030907158 MORTGAGORS: WILK DAVID
REGION CODE ADDRESS : 8 GRAY'S FARM ROAD
01 CITY : WESTON
STATE/ZIP : CT 06883
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,829.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 64.48400
----------------------------------------------------------------
0 0030907281 MORTGAGORS: CHIKOVANI OLEG
CHIKOVANI LYNDA
REGION CODE ADDRESS : 16 PREMIERE POINT
01 CITY : NEWPORT COAST AREA
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 900,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 899,411.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,682.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 015
LTV : 40.44943
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,191,000.00
P & I AMT: 15,852.77
UPB AMT: 2,189,980.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030907299 MORTGAGORS: LAUBY JAMES
LAUBY CAROL
REGION CODE ADDRESS : 42 OAK DRIVE
01 CITY : BEDFORD
STATE/ZIP : NH 03110
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,770.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,078.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.16300
----------------------------------------------------------------
0 0030907570 MORTGAGORS: DAVIDSON PHILIP
DAVIDSON TRACEY
REGION CODE ADDRESS : 15 MARSHALL STREET
01 CITY : OLD GREENWICH
STATE/ZIP : CT 06870
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030907927 MORTGAGORS: PEPPLE HARRINGTON
PEPPLE SHEILA
REGION CODE ADDRESS : 2908 N SOUTHERN HILLS DRIVE
01 CITY : WADSWORTH
STATE/ZIP : IL 60083
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,834.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 73.42500
----------------------------------------------------------------
0 0030907976 MORTGAGORS: RENFREW ROBERT
COLLIER KATHERINE
REGION CODE ADDRESS : 915 WILMINGTON WAY
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,811.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.23200
----------------------------------------------------------------
0 0030908222 MORTGAGORS: GRAEFF MICHAEL
GRAEFF BETH ANN
REGION CODE ADDRESS : 410 TRIOMPHE COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,779.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,421,000.00
P & I AMT: 10,195.90
UPB AMT: 1,420,196.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030908230 MORTGAGORS: INDYK ROBERT
INDYK DIANE
REGION CODE ADDRESS : 40 BOXWOOD DRIVE
01 CITY : STAMFORD
STATE/ZIP : CT 06906
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,820.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0030908248 MORTGAGORS: MINDALA JAMES
MINDALA JOANNE
REGION CODE ADDRESS : 9640 WEATHERVANE
01 CITY : BAINBRIDGE
STATE/ZIP : OH 44023
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,482.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/17
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 35.71428
----------------------------------------------------------------
0 0030908453 MORTGAGORS: GRAU THOMAS
GRAU CARLA
REGION CODE ADDRESS : 4513-15 FAIRWAY STREET
01 CITY : HIGHLAND PARK
STATE/ZIP : TX 75219
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,748.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,751.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0030908933 MORTGAGORS: BARBOUR ARTHUR
BARBOUR CORINNE
REGION CODE ADDRESS : 148 TYNEBOURNE PLACE
01 CITY : ALMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 321,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,373.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,303.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030909014 MORTGAGORS: LI YING
GUO YUENAN
REGION CODE ADDRESS : 3300 ETOILE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 315,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,429.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.83300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,567,500.00
P & I AMT: 11,577.32
UPB AMT: 1,565,853.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030909097 MORTGAGORS: POLLIZI DAVID
BALDZICKI SHARON
REGION CODE ADDRESS : 9830 CAMPTON RIDGE
01 CITY : CHARDON
STATE/ZIP : OH 44024
MORTGAGE AMOUNT : 219,917.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,753.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,537.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.72400
----------------------------------------------------------------
0 0030909139 MORTGAGORS: ALTER DAVID
ALTER LISA
REGION CODE ADDRESS : 501 NEILSON
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,631.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
0 0030909162 MORTGAGORS: BLUNDELL MARK
BLUNDELL DEBORAH
REGION CODE ADDRESS : 12142 EAST WETHERSFIELD DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,711.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,155.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0030909238 MORTGAGORS: DIXON SEAN
DIXON LEA
REGION CODE ADDRESS : 11610 KILLIMORE
01 CITY : NORTHRIDGE AREA
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,585.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030909303 MORTGAGORS: KOPPES LARRY
KOPPES BETSY
REGION CODE ADDRESS : 18831 ROCKING HORSE LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 569,625.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,119.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.69600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,717,667.00
P & I AMT: 12,342.39
UPB AMT: 1,711,307.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030909360 MORTGAGORS: MONGA MANJU
REGION CODE ADDRESS : 3931 SOUTHWESTERN STREET
01 CITY : HOUSTON
STATE/ZIP : TX 77005
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,603.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030909428 MORTGAGORS: DOMARADZKI JULIAN
DOMARADZKI ANNA
REGION CODE ADDRESS : 311 GENTRY STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,825.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.41200
----------------------------------------------------------------
0 0030909592 MORTGAGORS: BOBAY JOHN
BOBAY KAREN
REGION CODE ADDRESS : 3114 HIGHRIDGE ROAD
01 CITY : YORKTOWN HEIGHTS
STATE/ZIP : NY 10598
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,833.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.09000
----------------------------------------------------------------
0 0030909675 MORTGAGORS: PEAT JON
PEAT BONNIE
REGION CODE ADDRESS : 9828 RAVARI
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,807.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030909832 MORTGAGORS: STEPHENS RONALD
STEPHENS JUDITH
REGION CODE ADDRESS : 113 ENGLEHART DRIVE
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,644.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,245.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 88.48400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,329,000.00
P & I AMT: 9,678.86
UPB AMT: 1,327,714.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030909998 MORTGAGORS: SMITH MARK
SMITH RONA
REGION CODE ADDRESS : 5860 UNIVERSITY COURT
01 CITY : WARRENTON
STATE/ZIP : VA 20187
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,536.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030910434 MORTGAGORS: BELBEN WILLIAM
BELBEN MARY
REGION CODE ADDRESS : 304 MAIN STREET
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 286,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,987.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030910442 MORTGAGORS: HOFFMAN ERIC
HOFFMAN CAROLYN
REGION CODE ADDRESS : 75 CROY PATH
01 CITY : HAMPSTEAD
STATE/ZIP : NH 03841
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,039.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030910509 MORTGAGORS: COLESTOCK MICHAEL
COLESTOCK HELEN
REGION CODE ADDRESS : 15712 SUTTON STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,728.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,751.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030910962 MORTGAGORS: NOTO THOMAS
NOTO SYLVIA
REGION CODE ADDRESS : 2258 OXFORD AVENUE
01 CITY : ENCINITAS
STATE/ZIP : CA 92007
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,838.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 51.06300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,433,400.00
P & I AMT: 10,160.15
UPB AMT: 1,432,131.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030911002 MORTGAGORS: MCGUINNESS MICHAEL
MCGUINNESS GINA
REGION CODE ADDRESS : 26612 HONEY CREEK RD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 439,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,890.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030911226 MORTGAGORS: LEVINE DARRYL
REGION CODE ADDRESS : 50 BROOKS ROAD
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,828.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.44100
----------------------------------------------------------------
0 0030911242 MORTGAGORS: PALMER GREGORY
PALMER SARA
REGION CODE ADDRESS : 26481 BROKEN BIT LANE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,554.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,195.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030911259 MORTGAGORS: COTTER TIMOTHY
COTTER SANDRA Y.
REGION CODE ADDRESS : 265 SOUTH WILLOWCREEK LN.
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,558.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030911275 MORTGAGORS: CONNOLLY CHRISTOPHER
CONNOLLY KATHLEEN
REGION CODE ADDRESS : 5 SAND STREET
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,796.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,886,200.00
P & I AMT: 13,427.83
UPB AMT: 1,884,628.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030911283 MORTGAGORS: SWEZY DAVID
SWEZY SUSAN
REGION CODE ADDRESS : 45 MEERNAA AVENUE
01 CITY : FAIRFAX
STATE/ZIP : CA 94930
MORTGAGE AMOUNT : 280,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,902.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
0 0030911291 MORTGAGORS: NIGHSWONGER WILLIAM
NIGHSWONGER FRANCES
REGION CODE ADDRESS : 24962 BEACHWALK WAY
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,831.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.80400
----------------------------------------------------------------
0 0030911317 MORTGAGORS: BUCHANAN SCOTT
BUCHANAN KAREN
REGION CODE ADDRESS : 5144 INDEPENDENCE DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,745.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,788.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.38000
----------------------------------------------------------------
0 0030911358 MORTGAGORS: FEAZEL RICHARD
ORR SUSAN
REGION CODE ADDRESS : 9803 CLYDE CT
01 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,817.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030911374 MORTGAGORS: HEARNE DANIEL
HEARNE LINDA
REGION CODE ADDRESS : 14 HENDRICKSON ROAD
01 CITY : LAWRENCE
STATE/ZIP : NJ 08648
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,402,700.00
P & I AMT: 10,119.20
UPB AMT: 1,401,896.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030911630 MORTGAGORS: MEYER WILLIAM
MEYER CARIN
REGION CODE ADDRESS : 31 FLINTLOCK LANE
01 CITY : BELL CANYON
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 616,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 615,542.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,307.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030911812 MORTGAGORS: UNDERSETH MARK
UNDERSETH LORNA
REGION CODE ADDRESS : 3420 CAMINO ALGRE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 302,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,586.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,169.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.97800
----------------------------------------------------------------
0 0030911929 MORTGAGORS: LUKE JAMES
LUKE DONNA
REGION CODE ADDRESS : 1311 TULLO ROAD
01 CITY : BRIDGEWATER
STATE/ZIP : NJ 08807
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030912018 MORTGAGORS: WILLIAMS MICHAEL
WILLIAMS JANETTE
REGION CODE ADDRESS : 312 AND 312 1/2 NORTH WINNIPEG PLAC
01 CITY : LONG BEACH
STATE/ZIP : CA 90814
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,817.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
0 0030912042 MORTGAGORS: SURDU STEPHEN
SURDU KAREN
REGION CODE ADDRESS : 8412 GOVERNOR BRADFORD LANE
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,829.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.56800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,773,800.00
P & I AMT: 12,616.33
UPB AMT: 1,772,776.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030912059 MORTGAGORS: SULLIVAN WILLIAM
SULLIVAN MARY
REGION CODE ADDRESS : 43316 HAGEN COURT
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 239,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,526.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0030912141 MORTGAGORS: MCDANIELS JULIETTE
MCDANIELS TODD
REGION CODE ADDRESS : 15685 CRUISER COURT
01 CITY : SAN LEANDRO
STATE/ZIP : CA 94580
MORTGAGE AMOUNT : 244,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,444.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0030912232 MORTGAGORS: CULBERSON CHARLES
CULBERSON SHOKO
REGION CODE ADDRESS : 53 TENNYSON DRIVE
01 CITY : MILLBURN
STATE/ZIP : NJ 07078
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030912414 MORTGAGORS: LUNINE MYRON
LUNINE KATHERINE
REGION CODE ADDRESS : 880 REGAL ROAD
01 CITY : BERKELEY
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,261.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030912737 MORTGAGORS: O'DEA DAVID
REARDON STEFANI
REGION CODE ADDRESS : 1523 GORDON COVE COURT
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 242,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,037.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,408,000.00
P & I AMT: 10,134.55
UPB AMT: 1,407,269.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030912885 MORTGAGORS: REED ROBERT
REED ELIZABETH
REGION CODE ADDRESS : 6302 DORAL DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 451,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,322.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,153.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.75800
----------------------------------------------------------------
0 0030912992 MORTGAGORS: GINSBERG STEVEN
GINSBERG LISA
REGION CODE ADDRESS : 5815 GREEN MEADOW DRIVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,569.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.41800
----------------------------------------------------------------
0 0030913453 MORTGAGORS: BELOFF STEWART
BELOFF ANNETTE
REGION CODE ADDRESS : 9221 CAMBRIDGE MANOR COURT
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 624,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 623,581.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,578.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030913495 MORTGAGORS: LONG EDWARD
THOMAS FANNIE
REGION CODE ADDRESS : 5597 ROWENA DRIVE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 196,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 196,664.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,426.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030913511 MORTGAGORS: CINTRON RUBEN
CINTRON CHRISTINE
REGION CODE ADDRESS : 11003 BURYWOOD LANE
01 CITY : RESTON
STATE/ZIP : VA 20194
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,998.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,871,000.00
P & I AMT: 13,490.76
UPB AMT: 1,868,136.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030913602 MORTGAGORS: FOSTER LISA ANN
FOSTER ROBERT
REGION CODE ADDRESS : 28 DENNISON RIDGE
01 CITY : WETHERSFIELD
STATE/ZIP : CT 06109
MORTGAGE AMOUNT : 227,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,443.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030913859 MORTGAGORS: JACKSON THOMAS
REGION CODE ADDRESS : 48 GREEN ROAD
01 CITY : AMHERST
STATE/ZIP : NH 03031
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,818.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030914287 MORTGAGORS: AGERS CARL
AGERS SHERI
REGION CODE ADDRESS : 1115 CASUAL WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 327,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,729.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,406.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0030914394 MORTGAGORS: BOWYER RICHARD
BOWYER JANET
REGION CODE ADDRESS : 751 SE 22ND AVENUE
01 CITY : POMPANO BAECH
STATE/ZIP : FL 33062
MORTGAGE AMOUNT : 296,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,906.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,198.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030914519 MORTGAGORS: SHEA DENNIS
SHEA ELLEN
REGION CODE ADDRESS : 15 SERFILIPPI DRIVE
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 349,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,353.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,504.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,471,250.00
P & I AMT: 10,740.93
UPB AMT: 1,470,251.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030914816 MORTGAGORS: WATKINS JAMES
WATKINS SHIRLEY
REGION CODE ADDRESS : 3452 BARRISTERS KEEPE
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 260,476.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,287.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,843.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030914840 MORTGAGORS: CAIN TERRY
HINES KENNETH
REGION CODE ADDRESS : 1465 SWANN STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20009
MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,066.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030914980 MORTGAGORS: SHULA THOMAS
SHULA BARBARA
REGION CODE ADDRESS : 310 CONOR COURT
01 CITY : FORESTVILLE
STATE/ZIP : CA 95436
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,632.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,078.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 73.68400
----------------------------------------------------------------
0 0030915219 MORTGAGORS: PLOSOSKY MATTHEW
PLOSOSKY BROOKE
REGION CODE ADDRESS : 620 CASTLEWOOD LANE
01 CITY : DEERFIELD
STATE/ZIP : IL 60015
MORTGAGE AMOUNT : 286,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030915433 MORTGAGORS: CRISCUOLO AMY
REGION CODE ADDRESS : 847 ACORN ROAD
01 CITY : ORANGE
STATE/ZIP : CT 06477
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,832.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.52941
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,356,926.00
P & I AMT: 9,913.05
UPB AMT: 1,356,018.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030915730 MORTGAGORS: ROMANO ALBERT
ROMANO LAURI
REGION CODE ADDRESS : 5 SQUIRE COURT
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 218,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,564.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.70800
----------------------------------------------------------------
0 0030915748 MORTGAGORS: MCGUIRE PATRICIA
REGION CODE ADDRESS : 12 WILLOW STREET
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030915953 MORTGAGORS: COLEMAN BRUCE
COLEMAN KATHY
REGION CODE ADDRESS : 1430 HARLAN DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,812.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,191.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030916241 MORTGAGORS: DEARING STEVE
QUINTANAR EMILY
REGION CODE ADDRESS : 2359 PURDUE DRIVE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,694.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,547.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030916266 MORTGAGORS: KETSIRI ARSDAVUT
REGION CODE ADDRESS : 212 38TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 304,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,595.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,272,000.00
P & I AMT: 9,283.88
UPB AMT: 1,271,102.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030916274 MORTGAGORS: COWHERD THOMAS
REGION CODE ADDRESS : 15 VALLEY VIEW ROAD
01 CITY : MORRIS TOWNSHIP
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 238,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,894.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030916423 MORTGAGORS: STEVENSON DEBRA
STEVENSON MICHAEL
REGION CODE ADDRESS : 6224 EAST GOLDENROD LANE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,787.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,156.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.95900
----------------------------------------------------------------
0 0030916431 MORTGAGORS: CHANG DAVID
CHEY JEAN
REGION CODE ADDRESS : 209 HAMILTON ROAD
01 CITY : MERION
STATE/ZIP : PA 19066
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030916506 MORTGAGORS: SUM STEVEN
UNO-SUM LINDA
REGION CODE ADDRESS : 1425 S. STELLING ROAD
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 331,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,283.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0030916522 MORTGAGORS: PAPINEAU MARC
KHANNA SIMAR
REGION CODE ADDRESS : 5789 GOLD CREEK DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,590.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.36470
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,383,750.00
P & I AMT: 10,017.71
UPB AMT: 1,382,755.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030916605 MORTGAGORS: LERMAN BENJAMIN
HAHN JUDITH
REGION CODE ADDRESS : 1828 HOPKINS STREET
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,586.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.58480
----------------------------------------------------------------
0 0030916662 MORTGAGORS: BRACKETT ROGER
BRACKETT PENNIE
REGION CODE ADDRESS : 11922 DISCOVERY CIRCLE
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46236
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,349.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,584.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030916688 MORTGAGORS: LADENDORF DOUGLAS
LADENDORF VICTORIA
REGION CODE ADDRESS : 19526 TAMARACK WAY
01 CITY : HOUSTON
STATE/ZIP : TX 77094
MORTGAGE AMOUNT : 310,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,181.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0030916951 MORTGAGORS: BROOKS DONALD
BROOKS SALLY
REGION CODE ADDRESS : 8348 S. HOMESTEAD LANE
01 CITY : TEMPE
STATE/ZIP : AZ 85284
MORTGAGE AMOUNT : 388,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,835.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,807.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.70000
----------------------------------------------------------------
0 0030917009 MORTGAGORS: O'CONNOR KEVIN
REGION CODE ADDRESS : 535 W. HAVERFORD ROAD
01 CITY : RAMONA
STATE/ZIP : CA 92065
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,047.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,288.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,515,100.00
P & I AMT: 10,904.03
UPB AMT: 1,503,000.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030917074 MORTGAGORS: WALENDY GILBERT
KENNEDY KRISTIN
REGION CODE ADDRESS : 3321 LA SALLE TRAIL
01 CITY : DUNELAND BCH
STATE/ZIP : IN 46360
MORTGAGE AMOUNT : 224,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,960.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030917181 MORTGAGORS: AMORE JAMES
AMORE PAULA
REGION CODE ADDRESS : 12 STEVEN AVENUE
01 CITY : LONG BEACH
STATE/ZIP : NJ 08008
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.22500
----------------------------------------------------------------
0 0030917215 MORTGAGORS: NOCHLIN KEITH
NOCHLIN DEBORAH
REGION CODE ADDRESS : 16379 EAST BERRY PLACE
01 CITY : AURORA
STATE/ZIP : CO 80015
MORTGAGE AMOUNT : 241,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,737.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,774.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.80100
----------------------------------------------------------------
0 0030917298 MORTGAGORS: CHAVEZ TERESA
REGION CODE ADDRESS : 6744 EAST 123RD AVENUE
01 CITY : BRIGHTON
STATE/ZIP : CO 80601
MORTGAGE AMOUNT : 65,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 64,902.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 471.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 52.00000
----------------------------------------------------------------
0 0030917488 MORTGAGORS: LAFAVER GARY
LAFAVER CHARISSE
REGION CODE ADDRESS : 818 SOUTH CHARLES AVENUE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60540
MORTGAGE AMOUNT : 232,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,013,200.00
P & I AMT: 7,425.79
UPB AMT: 1,012,801.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030917660 MORTGAGORS: BRUCE BRADLEY
BRUCE CATHERINE
REGION CODE ADDRESS : 4439 OPAL COURT
01 CITY : SARASOTA
STATE/ZIP : FL 34233
MORTGAGE AMOUNT : 147,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,803.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,098.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0030917694 MORTGAGORS: WRONSKI MICHAEL
WRONSKI HEATHER
REGION CODE ADDRESS : 10012 DUSTY WINDS AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 224,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,065.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,569.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.94500
----------------------------------------------------------------
0 0030917728 MORTGAGORS: BEGLEY DAVID
BEGLEY DONNA
REGION CODE ADDRESS : 7656 CRESTVIEW DRIVE
01 CITY : LONGMONT
STATE/ZIP : CO 80501
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,764.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,672.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030917751 MORTGAGORS: SHASKAN FELIX
REGION CODE ADDRESS : 8625 EAST DOUBLE EAGLE DRIVE
01 CITY : CAREFREE
STATE/ZIP : AZ 85377
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,562.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,768.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 56.69200
----------------------------------------------------------------
0 0030917785 MORTGAGORS: HUGHES DAVID
HUGHES JANIS
REGION CODE ADDRESS : 26411 SANTA ROSA AVE.
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 233,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,439.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,325,900.00
P & I AMT: 9,802.05
UPB AMT: 1,324,635.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030917793 MORTGAGORS: WALLACE SANDRA
FRANKEL MICHAEL
REGION CODE ADDRESS : 1330 EL VAGO STREET
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,617.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,008.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 44.32000
----------------------------------------------------------------
0 0030917991 MORTGAGORS: GUNN CHARLIE
GUNN CAROLE
REGION CODE ADDRESS : 5018 WHISPER WILLOW DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,417.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030918106 MORTGAGORS: BERRY CLAIRE
BERRY CHARLOTTE
REGION CODE ADDRESS : 12175 SAGE VIEW ROAD
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,844.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.03200
----------------------------------------------------------------
0 0030918114 MORTGAGORS: LIMQUECO JOHNSON
SZE KIN-FONG
REGION CODE ADDRESS : 45415 POTAWATAMI DRIVE
01 CITY : FREEMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,782.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030918130 MORTGAGORS: ITALIANO JEFFREY
REGION CODE ADDRESS : 5010 THE RIVIERA
01 CITY : TAMPA
STATE/ZIP : FL 33609
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,427.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.97500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,326,200.00
P & I AMT: 9,589.60
UPB AMT: 1,325,089.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030918239 MORTGAGORS: RUNNING MICHAEL
RUNNING CHARISSE
REGION CODE ADDRESS : 11915 ACACIA GLEN CT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 227,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,199.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,574.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99578
----------------------------------------------------------------
0 0030918361 MORTGAGORS: HAMPTON BETH
SHULTZ PAUL
REGION CODE ADDRESS : 3425 GADDY COURT
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22042
MORTGAGE AMOUNT : 224,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,053.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030918494 MORTGAGORS: TORRES ROBERTO
TORRES ANA
REGION CODE ADDRESS : 133 CRESCENT CT
01 CITY : BRISBANE
STATE/ZIP : CA 94005
MORTGAGE AMOUNT : 229,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,818.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
0 0030918601 MORTGAGORS: PARDEE JOHN
PARDEE VERA
REGION CODE ADDRESS : 13496 WYNGATE PT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,419.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.37500
----------------------------------------------------------------
0 0030919054 MORTGAGORS: DAVIS GARY
DAVIS DONNA
REGION CODE ADDRESS : LOT 1 MERLIN DRIVE
01 CITY : SANGER
STATE/ZIP : TX 76266
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,792.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,383,500.00
P & I AMT: 9,903.07
UPB AMT: 1,381,282.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030919369 MORTGAGORS: POMERANZ HENRY
REGION CODE ADDRESS : 3139 HANNAH'S POND LANE
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 220,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,544.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,581.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0030919518 MORTGAGORS: ELSNER GREGORY
COELHO GLORIA
REGION CODE ADDRESS : 3375 FOREST AVENUE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95050
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,054.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,221.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030919591 MORTGAGORS: HURTY CRAIG
HURTY LESLIE
REGION CODE ADDRESS : 3225 DAKOTA AVENUE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,340.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030919625 MORTGAGORS: MOFFITT PAUL
MOFFITT KRISTEN
REGION CODE ADDRESS : 1552 YORK PLACE
01 CITY : BURLINGTON
STATE/ZIP : NC 27215
MORTGAGE AMOUNT : 389,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,382.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,820.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.80000
----------------------------------------------------------------
0 0030920003 MORTGAGORS: THREDE JILL
THREDE JEFF
REGION CODE ADDRESS : 3126 BOWLING GREEN DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,791.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,442,450.00
P & I AMT: 10,486.83
UPB AMT: 1,441,113.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030920011 MORTGAGORS: HAMLIN JAY
REGION CODE ADDRESS : 9450 FUERTE DRIVE
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 231,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,540.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,679.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98000
----------------------------------------------------------------
0 0030920151 MORTGAGORS: MUSCARA LORRAINE
REGION CODE ADDRESS : 263 SEQUAMS LANE CENTER
01 CITY : WEST ISLIP
STATE/ZIP : NY 11795
MORTGAGE AMOUNT : 329,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,189.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,474.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.88948
----------------------------------------------------------------
0 0030920250 MORTGAGORS: LE TRI
LE LIEN
REGION CODE ADDRESS : 5284 CAMINITO EXQUISITO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 265,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,289.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0030920417 MORTGAGORS: DRESHFIELD WILLIAM
DRESHFIELD EMILY
REGION CODE ADDRESS : 35 SPRINGBROOK LANE
01 CITY : NEWARK
STATE/ZIP : DE 19711
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,801.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030920441 MORTGAGORS: ROGERS PHILLIP
ROGERS ROMA
REGION CODE ADDRESS : 810 LONGFORD DRIVE
01 CITY : SOUTH LAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 296,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,096.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,411,300.00
P & I AMT: 10,227.77
UPB AMT: 1,409,917.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030920490 MORTGAGORS: HEMPHILL STUART
HEMPHILL KARYN
REGION CODE ADDRESS : 1425 CASA GRANDE STREET
01 CITY : PASEDENA
STATE/ZIP : CA 91104
MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,462.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030920748 MORTGAGORS: ELLIOTT LOWELL
ELLIOTT JANICE
REGION CODE ADDRESS : 510 BLOSSOM WAY
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,538.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.50800
----------------------------------------------------------------
0 0030920847 MORTGAGORS: HARRISON JAMES
HARRISON CATHERINE
REGION CODE ADDRESS : 718 OAK POINT DRIVE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,636.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.68100
----------------------------------------------------------------
0 0030920961 MORTGAGORS: FOOTE BRADLEY
FOOTE MICHELLE
REGION CODE ADDRESS : 1090 HOLMES AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,524.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030921001 MORTGAGORS: LESTON PERRY
RADLER FRANCINE
REGION CODE ADDRESS : 2359 GREENWICH STREET
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22046
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,427.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.56000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,366,400.00
P & I AMT: 9,800.73
UPB AMT: 1,364,590.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030921027 MORTGAGORS: WATSON CHARLISA
WATSON JAMES
REGION CODE ADDRESS : 7004 GLORIUS LIGHT PLACE
01 CITY : COLUMBIA
STATE/ZIP : MD 21044
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,605.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030921134 MORTGAGORS: BOBENKO MICHAEL
GROSS DONNA
REGION CODE ADDRESS : 1836 PALM DRIVE
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 348,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,894.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030921175 MORTGAGORS: WICKERS ROBERT
WICKERS KAREN
REGION CODE ADDRESS : 2236 CARMELITA DRIVE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,157.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,105.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030921415 MORTGAGORS: GALLOW, JR. DOUGLAS
GALLOW ELLEN
REGION CODE ADDRESS : 3706 BLENHEIM ROAD
01 CITY : PHOENIX
STATE/ZIP : MD 21131
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,314.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030921621 MORTGAGORS: WILLIAMS KENNETH
REGION CODE ADDRESS : 1218 WOODED HILLS COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,674.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.26000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,873,650.00
P & I AMT: 13,405.87
UPB AMT: 1,871,646.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030921670 MORTGAGORS: YOUNG RODERICK
YOUNG LESLI
REGION CODE ADDRESS : 867 WEST HILLSDALE BLVD.
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 296,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,224.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.75200
----------------------------------------------------------------
0 0030921688 MORTGAGORS: MACAULAY FRANK
MACAULAY ELIZABETH
REGION CODE ADDRESS : 1310 TRACY PLACE
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22046
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,822.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030921837 MORTGAGORS: SULLIVAN JAMES
MCCLARAN STEPHANA
REGION CODE ADDRESS : 100 SOUTH STREET #101
01 CITY : SAUSALITO
STATE/ZIP : CA 94965
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,832.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030921928 MORTGAGORS: FELDMAN DAVID
REGION CODE ADDRESS : 5000 ARAX COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78731
MORTGAGE AMOUNT : 244,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,422.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.93400
----------------------------------------------------------------
0 0030922009 MORTGAGORS: KELLEY LISA
KELLEY EDWARD
REGION CODE ADDRESS : 25 NOTTINGHAM RD
01 CITY : WINDHAM
STATE/ZIP : NH 03087
MORTGAGE AMOUNT : 255,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,573.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,292,800.00
P & I AMT: 9,207.67
UPB AMT: 1,291,875.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030922223 MORTGAGORS: MC CLENAHAN MARK
MC CLENAHAN LISA MARIE
REGION CODE ADDRESS : 225 DEL ROSA WAY
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,821.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030922231 MORTGAGORS: KRASNER RICHARD
HARTZ-KRASNER CINDI
REGION CODE ADDRESS : 105 BAYEAU ROAD
01 CITY : NEW ROCHELLE
STATE/ZIP : NY 10804
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 560,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,109.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030922322 MORTGAGORS: GRAZIOPLENE JAMES
GRAZIOPLENE ANN MARIE
REGION CODE ADDRESS : 5206 BEDLINGTON TERRACE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22304
MORTGAGE AMOUNT : 274,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,050.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,963.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0030922348 MORTGAGORS: PONZER DAVID
REGION CODE ADDRESS : 101 BRUGLER COURT
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,843.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030922629 MORTGAGORS: MILLS DANNY
MILLS AMANDA
REGION CODE ADDRESS : 122 FOX HALL COVE
01 CITY : CASTLE HILLS
STATE/ZIP : TX 78213
MORTGAGE AMOUNT : 416,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,455.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,985.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.88400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,750,000.00
P & I AMT: 12,615.77
UPB AMT: 1,749,170.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030922637 MORTGAGORS: BLOMQUIST DONNA
REGION CODE ADDRESS : 2191 TEAKWOOD COURT
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 163,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 163,234.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,170.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.96900
----------------------------------------------------------------
0 0030923189 MORTGAGORS: SEAGRAVES ERNEST
SEAGRAVES WENDY
REGION CODE ADDRESS : 956 WINDSOR HILLS CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 261,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,719.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0030923387 MORTGAGORS: NEWMAN FRED
NEWMAN PATRICIA
REGION CODE ADDRESS : 1580 LAURA LANE
01 CITY : DYERSBURG
STATE/ZIP : TN 38024
MORTGAGE AMOUNT : 267,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,961.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,081.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030923429 MORTGAGORS: FOX JAMES
O'NEILL LUCIA
REGION CODE ADDRESS : 5031 OXFORD ROAD
01 CITY : LONGMONT
STATE/ZIP : CO 80503
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,834.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030923445 MORTGAGORS: ARRIOLA SAM
KVIDAHL RENE
REGION CODE ADDRESS : 539 CRAGMONT AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94701
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,837.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,188,850.00
P & I AMT: 8,815.05
UPB AMT: 1,187,587.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030923478 MORTGAGORS: TUMULTY MICHAEL
TUMULTY MARY
REGION CODE ADDRESS : 452 BUCHANAN BLVD.
01 CITY : MIDDLETOWN
STATE/ZIP : NJ 07748
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,814.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,025.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030923627 MORTGAGORS: LECLERCQ ROBERT
LECLERCQ DORIS
REGION CODE ADDRESS : 78900 RANCHO LA QUINTA DRIVE
01 CITY : LA QUINTA
STATE/ZIP : CA 92253
MORTGAGE AMOUNT : 334,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,369.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,426.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.97800
----------------------------------------------------------------
0 0030923692 MORTGAGORS: CERRUTO RICHARD
CERRUTO HITOMI
REGION CODE ADDRESS : 10519 INDIGO BROOM LOOP
01 CITY : AUSTIN
STATE/ZIP : TX 78733
MORTGAGE AMOUNT : 260,066.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,882.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.94823
----------------------------------------------------------------
0 0030923726 MORTGAGORS: HART TIMOTHY
HART GERALDINE
REGION CODE ADDRESS : 5124 M STREET
01 CITY : SACRAMENTO
STATE/ZIP : CA 95819
MORTGAGE AMOUNT : 234,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,483.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.27700
----------------------------------------------------------------
0 0030923783 MORTGAGORS: GUGGENHEIMER RONALD
REGION CODE ADDRESS : 4 NORTH RAVINE ROAD
01 CITY : GREAT NECK
STATE/ZIP : NY 11023
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,731.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,505,466.00
P & I AMT: 10,972.37
UPB AMT: 1,504,282.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030923791 MORTGAGORS: HOGAN DONALD
HOGAN PAMELA
REGION CODE ADDRESS : 4217 161ST AVENUE SOUTHEAST
01 CITY : BELLEVUE
STATE/ZIP : WA 98006
MORTGAGE AMOUNT : 274,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,374.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030923924 MORTGAGORS: RUBIN ALAN
RUBIN TERRI
REGION CODE ADDRESS : 9633 RED PONY LANE
01 CITY : EL CAJON
STATE/ZIP : CA 92021
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,803.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.54400
----------------------------------------------------------------
0 0030924005 MORTGAGORS: WHITNEY BOB
WHITNEY KRISTINE
REGION CODE ADDRESS : 19321 SURFWARE DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 287,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,601.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,086.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030924047 MORTGAGORS: HALL GARNETT
REGION CODE ADDRESS : 7420 BROOKWOOD AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89131
MORTGAGE AMOUNT : 217,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,650.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,579.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0030924153 MORTGAGORS: WALLACE DAVID
WALLACE VALERIE
REGION CODE ADDRESS : 9805 EMMONS CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,803.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.94100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,323,150.00
P & I AMT: 9,573.10
UPB AMT: 1,322,234.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030924435 MORTGAGORS: WILSON RICK
REGION CODE ADDRESS : 732 SEVILLE ROAD
01 CITY : DENTON
STATE/ZIP : TX 76205
MORTGAGE AMOUNT : 420,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,145.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,232.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030924534 MORTGAGORS: MCNALLY BOB
MCNALLY BARBARA
REGION CODE ADDRESS : 12 LOCH PLACE
01 CITY : DEL REY OAKS
STATE/ZIP : CA 93940
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,840.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.70400
----------------------------------------------------------------
0 0030924583 MORTGAGORS: MC LEMORE-SOSA ALICIA
MC LEMORE BRIAN
REGION CODE ADDRESS : 6049 SLOPEVIEW COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,605.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030924666 MORTGAGORS: MADDEN CHRISTOPHER
MADDEN ROBIN
REGION CODE ADDRESS : 3902 YOLO DR.
01 CITY : SAN JOSE
STATE/ZIP : CA 95119
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,843.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030924682 MORTGAGORS: LEUNG EDWIN
WILSON PATRICIA
REGION CODE ADDRESS : 1132 FRESNO AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,806.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,428,600.00
P & I AMT: 10,469.43
UPB AMT: 1,427,240.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030924690 MORTGAGORS: MCDONALD MARY
MCDONALD RHYS
REGION CODE ADDRESS : 1110 OXFORD STREET
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,575.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030924740 MORTGAGORS: TERLECKI RANDOLPH
TERLECKI LINDA
REGION CODE ADDRESS : 4010 WILDWOOD WAY
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21042
MORTGAGE AMOUNT : 260,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,592.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0030924872 MORTGAGORS: GONZALEZ ARMANDO
LIEN JENNIFER
REGION CODE ADDRESS : 397 CASTLEMAINE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,332.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,904.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030925010 MORTGAGORS: CLAYTON RANDY
CLAYTON MELISSA
REGION CODE ADDRESS : 6293 IVERSON TERRACE SOUTH
01 CITY : FREDERICK
STATE/ZIP : MD 21701
MORTGAGE AMOUNT : 245,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,363.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,695.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99400
----------------------------------------------------------------
0 0030925036 MORTGAGORS: LEV JANE
HILLMAN STEFANO
REGION CODE ADDRESS : 35-35 A MIRABEL AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,802.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 69.43800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,363,800.00
P & I AMT: 9,993.59
UPB AMT: 1,362,666.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030925069 MORTGAGORS: NAVRIDES ROBERT
WILLSIE TRACEY
REGION CODE ADDRESS : 1406 WEST VALLEYHEART DRIVE
01 CITY : BURBANK
STATE/ZIP : CA 91506
MORTGAGE AMOUNT : 335,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,969.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,430.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030925093 MORTGAGORS: JACOBS FRED
JACOBS PATRICIA
REGION CODE ADDRESS : 1691 KIMBERLY WOODS DRIVE
01 CITY : EL CAJON
STATE/ZIP : CA 92020
MORTGAGE AMOUNT : 258,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,422.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.83300
----------------------------------------------------------------
0 0030925119 MORTGAGORS: COLLINI MICHAEL
COLLINI WENDY
REGION CODE ADDRESS : 1423 HARBOURTOWN CIRCLE
01 CITY : MANSFIELD
STATE/ZIP : TX 76063
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,807.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030925218 MORTGAGORS: O'BRIEN MATTHEW
O'BRIEN CYNTHIA
REGION CODE ADDRESS : 1396 BAY DRIVE
01 CITY : MIAMI
STATE/ZIP : FL 33141
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,043.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030925234 MORTGAGORS: CAMPBELL KENNETH
CAMPBELL EVELYN
REGION CODE ADDRESS : 1968 NW 130TH AVENUE
01 CITY : PEMBROKE PINES
STATE/ZIP : FL 33028
MORTGAGE AMOUNT : 222,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,143.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,335,300.00
P & I AMT: 9,704.31
UPB AMT: 1,334,385.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030925358 MORTGAGORS: BRENNAN TERRANCE
BRENNAN PATRICIA
REGION CODE ADDRESS : 40 MONTELEGRO
01 CITY : IRVINE
STATE/ZIP : CA 92614
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,845.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.33600
----------------------------------------------------------------
0 0030925366 MORTGAGORS: WEISS TODD
WEISS LINDA
REGION CODE ADDRESS : 825 ELDEN STREET
01 CITY : HERNDON
STATE/ZIP : VA 20170
MORTGAGE AMOUNT : 270,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,413.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.31400
----------------------------------------------------------------
0 0030925457 MORTGAGORS: YELLEN PHILIP
YELLEN KATHERINE
REGION CODE ADDRESS : 15 DEVONSHIRE LANE
01 CITY : MENDHAM TOWNSHIP
STATE/ZIP : NJ 07926
MORTGAGE AMOUNT : 387,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,641.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030925556 MORTGAGORS: DOGGETT JAMES
DOGGETT MICHELLE
REGION CODE ADDRESS : 91 MARCIA COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,846.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 85.17200
----------------------------------------------------------------
0 0030925572 MORTGAGORS: PLOUSSARD JEFFREY
PLOUSSARD SUSAN
REGION CODE ADDRESS : 25303 PRADO DEL LAS ESTRELLAS
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 563,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 563,060.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,942.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,698,700.00
P & I AMT: 12,111.34
UPB AMT: 1,697,366.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030925622 MORTGAGORS: ELLIS J.
MCGUIRE MARILYN
REGION CODE ADDRESS : 888 LINCOLN COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,079.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030925663 MORTGAGORS: MOLINA MIGUEL
MOLINA PATRICA
REGION CODE ADDRESS : 315 WILLIAM DAVID PARKWAY WEST
01 CITY : METAIRIE
STATE/ZIP : LA 70005
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,827.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.63600
----------------------------------------------------------------
0 0030925747 MORTGAGORS: PFLEIDERER SCOTT
PFLEIDERER PENELOPE
REGION CODE ADDRESS : 16 DENIA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,748.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,751.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 65.21700
----------------------------------------------------------------
0 0030925879 MORTGAGORS: LOGAN CAROLYN
REGION CODE ADDRESS : 37 LAKEVIEW TERRACE
01 CITY : MONTVILLE TOWNSHIP
STATE/ZIP : NJ 07045
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030925952 MORTGAGORS: POLICH THOMAS
POLICH JODI
REGION CODE ADDRESS : 7771 SOUTH FORESTHILL COURT
01 CITY : LITTLETON
STATE/ZIP : CO 80120
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,835.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,551,850.00
P & I AMT: 11,279.96
UPB AMT: 1,551,262.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030925960 MORTGAGORS: IP CHUN
IP BETTY
REGION CODE ADDRESS : 5956 WEST 75TH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,777.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030926059 MORTGAGORS: TOMLINSON KARL
TOMLINSON SHIRLEE
REGION CODE ADDRESS : 261 HILLVIEW DR
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,542.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030926257 MORTGAGORS: JIANG HORNG
KAO YICHANG
REGION CODE ADDRESS : 937 STANTON DRIVE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60540
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,827.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.16000
----------------------------------------------------------------
0 0030926299 MORTGAGORS: MELENDEZ CARLOS
REGION CODE ADDRESS : 5320 NORTHMOOR DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75229
MORTGAGE AMOUNT : 169,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,486.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,244.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030926471 MORTGAGORS: WALLICK DANIEL
MOGCK JENNIFER
REGION CODE ADDRESS : 138 LITTLE LANE
01 CITY : HAVERFORD
STATE/ZIP : PA 19041
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,791.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.51600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,323,600.00
P & I AMT: 9,429.75
UPB AMT: 1,322,424.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030926489 MORTGAGORS: ECKER ROBERT
ECKER JUDITH
REGION CODE ADDRESS : 168 BEAUMONT RD
01 CITY : DEVON
STATE/ZIP : PA 19333
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.02800
----------------------------------------------------------------
0 0030926505 MORTGAGORS: PATENAUDE JOEL
HOFFSTEIN JUDY
REGION CODE ADDRESS : 131 HELLER WAY
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07043
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,758.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,641.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030926554 MORTGAGORS: SHAFER THOMAS
SHAFER NANCY
REGION CODE ADDRESS : 2874 THORNBROOK ROAD
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21042
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,821.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.82700
----------------------------------------------------------------
0 0030926893 MORTGAGORS: BRODIE TINA
BRODIE DENNIS
REGION CODE ADDRESS : 2891 OPAL COURT
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 253,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,516.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0030926943 MORTGAGORS: FRIEDMAN BRUCE
FRIEDMAN CAROLYN
REGION CODE ADDRESS : 18 ARGUELLO CIRCLE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94910
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,714.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.25700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,484,700.00
P & I AMT: 10,559.46
UPB AMT: 1,483,811.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030926984 MORTGAGORS: WARRIOR JOGESH
WARRIOR MENAKA
REGION CODE ADDRESS : 805 RUNNINGWOOD CIRCLE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 468,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,452.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,277.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030927008 MORTGAGORS: MYSZKA MARTIN
MYSZKA DOROTHY
REGION CODE ADDRESS : 302 ASHLEY AVENUE
01 CITY : BRIELLE
STATE/ZIP : NJ 08730
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030927172 MORTGAGORS: FLYNT ROGER
REGION CODE ADDRESS : 335 HIGHLANDS TRACE
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 228,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,984.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,614.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030927214 MORTGAGORS: COLLINS LARRY
COLLINS NANCY
REGION CODE ADDRESS : 1414 SEA RIDGE DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 242,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,333.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0030927305 MORTGAGORS: DEWEY MARK
DEWEY DEBBIE
REGION CODE ADDRESS : 409 DRIFTWOOD AVENUE
01 CITY : MELBOURNE BEACH
STATE/ZIP : FL 32951
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,848.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,439,450.00
P & I AMT: 10,276.41
UPB AMT: 1,438,618.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030927370 MORTGAGORS: STRICKLER STEVEN
STRICKLER JANET
REGION CODE ADDRESS : 7891 LEMONWOOD CIRCLE
01 CITY : LA PALMA
STATE/ZIP : CA 90623
MORTGAGE AMOUNT : 240,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,775.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.99100
----------------------------------------------------------------
0 0030927529 MORTGAGORS: GROSSMAN NEAL
GROSSMAN PATRICIA
REGION CODE ADDRESS : 1420 SOUTH OLDBURY PLACE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,785.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030927552 MORTGAGORS: HUTTAS HAROLD
REGION CODE ADDRESS : 3541 BERRY DRIVE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 444,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,170.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,108.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030927560 MORTGAGORS: KANE JOHN
KANE MARSHA
REGION CODE ADDRESS : 3397 FAIRVIEW LANE
01 CITY : VISTA
STATE/ZIP : CA 92084
MORTGAGE AMOUNT : 321,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,489.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,388.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 85.78600
----------------------------------------------------------------
0 0030927859 MORTGAGORS: KIEFER JOHN
KIEFER BARBARA
REGION CODE ADDRESS : 2015 CLAVEY ROAD
01 CITY : HIGHLAND PARK
STATE/ZIP : IL 60035
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 41.73600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,561,150.00
P & I AMT: 11,170.99
UPB AMT: 1,560,220.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030928048 MORTGAGORS: KAMINSKI EDWARD
KAMINSKI JUANITA
REGION CODE ADDRESS : 2239 ESTATE GATE
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78260
MORTGAGE AMOUNT : 257,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,222.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030928105 MORTGAGORS: MARSHALL DOUGLAS
MARSHALL NANCY
REGION CODE ADDRESS : 40212 HACIENDA COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,793.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.63900
----------------------------------------------------------------
0 0030928535 MORTGAGORS: STEGNER TERRY
KIESS SALLY
REGION CODE ADDRESS : 5105 W. LONGFELLOW AVE.
01 CITY : TAMPA
STATE/ZIP : FL 33629
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,822.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.18181
----------------------------------------------------------------
0 0030928543 MORTGAGORS: MA ANTHONY
MA PATRICIA
REGION CODE ADDRESS : 5869 GOLD CREEK DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 310,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,680.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.97900
----------------------------------------------------------------
0 0030928550 MORTGAGORS: CHOO SIN
CHOO MICHELLE
REGION CODE ADDRESS : 7 HOLYOKE STREET UNIT 2
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,350,300.00
P & I AMT: 9,783.19
UPB AMT: 1,349,519.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030928808 MORTGAGORS: IRVING CHARLES
IRVING JANET
REGION CODE ADDRESS : 5887 RYANS BLUFF ROAD
01 CITY : CHARLESTON
STATE/ZIP : SC 29418
MORTGAGE AMOUNT : 228,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,788.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030928931 MORTGAGORS: FLAVIN STUART
PELTON DAWN
REGION CODE ADDRESS : 35 DOLPHIN ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030929079 MORTGAGORS: HAGGERTY SHERMAN
HAGGERTY RITA
REGION CODE ADDRESS : 287 MUSE DRIVE
01 CITY : ELDORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 393,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,465.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,786.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030929285 MORTGAGORS: SMITH JILL
REGION CODE ADDRESS : 1912 S CREST DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,680.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,238.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030929293 MORTGAGORS: DULGEROFF DOUGLAS
DULGEROFF ANNE
REGION CODE ADDRESS : 24549 STAGG STREET
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,747.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,819,700.00
P & I AMT: 12,979.23
UPB AMT: 1,818,682.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030929384 MORTGAGORS: PAGE WILLIAM
PAGE DOROTHY
REGION CODE ADDRESS : 4057 TRITT HOMESTEAD DRIVE
01 CITY : MARIETTA
STATE/ZIP : GA 30062
MORTGAGE AMOUNT : 182,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 182,474.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,486.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/17
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.16800
----------------------------------------------------------------
0 0030929400 MORTGAGORS: KIM KRISTOPHER
KIM SUNHEE
REGION CODE ADDRESS : 8 CONCETTA CIRCLE
01 CITY : ACTON
STATE/ZIP : MA 01720
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.93400
----------------------------------------------------------------
0 0030929582 MORTGAGORS: WISE TERRY
WISE MARY
REGION CODE ADDRESS : 925 LA TIERRA COURT
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23456
MORTGAGE AMOUNT : 277,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,009.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,009.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030929871 MORTGAGORS: DRAKE WILLIAM
DRAKE MARIANNE
REGION CODE ADDRESS : 4207 PARK ALISAL
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 403,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,900.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,819.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030929921 MORTGAGORS: HANSBURY ROBERT
HANSBURY TERESA
REGION CODE ADDRESS : 3636 MONTROSE PLACE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 368,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,040.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,638.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,471,500.00
P & I AMT: 10,611.94
UPB AMT: 1,470,424.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030929988 MORTGAGORS: MAREIN-EFRON DEANNE
REGION CODE ADDRESS : 7362 HEATHERHILL COURT
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 574,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 573,624.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,261.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030930309 MORTGAGORS: PEACHER MARTIN
PEACHER LYNN
REGION CODE ADDRESS : 43242 MENEMSHA LANE
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 237,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,727.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0030930341 MORTGAGORS: TOWNSEND SCOTT
TOWNSEND JOAN
REGION CODE ADDRESS : 20245 SKYLINE BOULEVARD
01 CITY : WOODSIDE
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 45.80100
----------------------------------------------------------------
0 0030930507 MORTGAGORS: BALDWIN JOHN
BALDWIN AUDREY
REGION CODE ADDRESS : 3060 MAYBERRY AVENUE
01 CITY : HUNTINGTOWN
STATE/ZIP : MD 20639
MORTGAGE AMOUNT : 284,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,758.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,090.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0030930549 MORTGAGORS: MINUSKIN ALAN
RIEDER CAROLYN
REGION CODE ADDRESS : 121 HUNNEWELL AVENUE
01 CITY : NEWTON
STATE/ZIP : MA 02158
MORTGAGE AMOUNT : 499,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,464.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,667.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.48800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,896,650.00
P & I AMT: 13,801.64
UPB AMT: 1,895,353.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030930762 MORTGAGORS: BURKS DAVID
BURKS JACQUELINE
REGION CODE ADDRESS : 2340 LONDONDERRY
01 CITY : ANN HARBOR
STATE/ZIP : MI 48104
MORTGAGE AMOUNT : 492,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,612.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.83500
----------------------------------------------------------------
0 0030930804 MORTGAGORS: MANGUAL JUAN
MANGUAL LORI
REGION CODE ADDRESS : 3938 COLEGROVE STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,758.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.14800
----------------------------------------------------------------
0 0030930820 MORTGAGORS: MARSCHALL KEN
GINN CARLA
REGION CODE ADDRESS : 2570 LARRIKEET COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,840.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
0 0030930887 MORTGAGORS: STOVALL ERIC
STOVALL LISA
REGION CODE ADDRESS : 6701 EAGLE WING DRIVE
01 CITY : SPARKS
STATE/ZIP : NV 89436
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,719.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,958.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0030930929 MORTGAGORS: FOMENKO ROBERT
FOMENKO JULIE
REGION CODE ADDRESS : 44412 SOUTHEAST 142ND PLACE
01 CITY : NORTH BEND
STATE/ZIP : WA 98045
MORTGAGE AMOUNT : 220,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,252.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,617.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,683,700.00
P & I AMT: 12,206.64
UPB AMT: 1,682,870.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030930952 MORTGAGORS: KIMBERLY DANIEL
REGION CODE ADDRESS : 6972 BRIDGEWATER DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,810.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,231.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 87.35294
----------------------------------------------------------------
0 0030930978 MORTGAGORS: MASUNAGA BRIAN
REGION CODE ADDRESS : 2197 BEL AIR LANE
01 CITY : ROSEVILLE
STATE/ZIP : CA 95678
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,304.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030931067 MORTGAGORS: ROY JOHN
ROY KATHLEEN
REGION CODE ADDRESS : 87 TRINIDAD BEND
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 289,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,315.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,174.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.18400
----------------------------------------------------------------
0 0030931216 MORTGAGORS: BLUTH ALAN
BLUTH MARY
REGION CODE ADDRESS : 3300 EAST LAKE CREEK ROAD
01 CITY : HEBER
STATE/ZIP : UT 84032
MORTGAGE AMOUNT : 764,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 763,487.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,605.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 015
LTV : 63.66600
----------------------------------------------------------------
0 0030931240 MORTGAGORS: MAJMUDAR MUKESH
MAJMUDAR VARSHA
REGION CODE ADDRESS : 12119 DUSK VIEW COURT
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,123.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,070,000.00
P & I AMT: 15,191.28
UPB AMT: 2,068,918.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030931273 MORTGAGORS: HOGAN EDWIN
HOGAN JUDITH
REGION CODE ADDRESS : 2 ROOSEVELT DRIVE
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,516.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.73400
----------------------------------------------------------------
0 0030931380 MORTGAGORS: LYMAN ROBERT
LYMAN CATHERINE
REGION CODE ADDRESS : 3 AHTERWOOD PLACE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,756.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.78700
----------------------------------------------------------------
0 0030931422 MORTGAGORS: VALASEK THOMAS
VALASEK CHRISTIE
REGION CODE ADDRESS : 5777 CAPESWOOD
01 CITY : RANCHO PALOS VEDRDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,783.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030931471 MORTGAGORS: WIELAND STEVEN
WIELAND PRISCILLA
REGION CODE ADDRESS : 1566 ARAPAHOE TRAIL NE
01 CITY : SOLON
STATE/ZIP : IA 52333
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,325.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030931489 MORTGAGORS: KEAY STEVEN
KEAY SUZANNE
REGION CODE ADDRESS : 4310 OAKWOOD LANE
01 CITY : WEST DES MOINES
STATE/ZIP : IA 50265
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,798.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 58.93900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,500.00
P & I AMT: 10,086.12
UPB AMT: 1,417,180.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030931588 MORTGAGORS: NASTRO ROBERT
NASTRO KATHLEEN
REGION CODE ADDRESS : 35 ERDMANN LANE
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,803.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.90500
----------------------------------------------------------------
0 0030931604 MORTGAGORS: CARROLL ELIZABETH
REGION CODE ADDRESS : 818 LONG POND ROAD
01 CITY : PLYMOUTH
STATE/ZIP : MA 02360
MORTGAGE AMOUNT : 333,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,987.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,503.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0030931679 MORTGAGORS: FERENCZY ILENE
FERENCZY JERALD
REGION CODE ADDRESS : 1840 BERKELY MEWS
01 CITY : ATLANTA
STATE/ZIP : GA 30329
MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,052.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030931729 MORTGAGORS: QUINN EDWARD
QUINN KIMBERLY
REGION CODE ADDRESS : 3 WOODBURY DRIVE
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,840.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,557.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030931778 MORTGAGORS: KUAN JOSE
KUAN PATRICIA
REGION CODE ADDRESS : 1514 EL SOMBRO COURT
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 275,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,328.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.51300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,394,150.00
P & I AMT: 10,157.57
UPB AMT: 1,393,013.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030931919 MORTGAGORS: WEHRLIN RUSSELL
WEHRLIN LENA
REGION CODE ADDRESS : 5225 BLUE YARROW RUN
01 CITY : NORCROSS
STATE/ZIP : GA 30092
MORTGAGE AMOUNT : 251,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,722.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0030932073 MORTGAGORS: TORREALBA LEONARD
TORREALBA SHELLY
REGION CODE ADDRESS : 2065 MENDOCINO LANE
01 CITY : ALTADENA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,697.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,852.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030932222 MORTGAGORS: FLORES FRANCISCO
MALABEY SUSANNE
REGION CODE ADDRESS : 651 TEREDO DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 311,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,035.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030932289 MORTGAGORS: WILLIAMS GARY
WILLIAMS DARRYLEEN
REGION CODE ADDRESS : 8074 S ALBION STREET
01 CITY : LITTLETON
STATE/ZIP : CO 80122
MORTGAGE AMOUNT : 318,791.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,566.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.69700
----------------------------------------------------------------
0 0030932396 MORTGAGORS: COSTANZO MARK
COSTANZO KELLY
REGION CODE ADDRESS : 14952 W 76TH DRIVE
01 CITY : ARVADA
STATE/ZIP : CO 80007
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,836.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.85000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,539,941.00
P & I AMT: 11,054.34
UPB AMT: 1,538,857.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030932446 MORTGAGORS: DADA SUHAIL
DADA SHERMEEN
REGION CODE ADDRESS : 1417 SEA RIDGE DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,728.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,751.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030932461 MORTGAGORS: MARTIN KENNETH
BUNKERS CYNTHIA
REGION CODE ADDRESS : 439 BEAVER POINT
01 CITY : LAFAYETTE
STATE/ZIP : CO 80026
MORTGAGE AMOUNT : 219,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,586.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,536.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0030932545 MORTGAGORS: SCHREITMUELLER ROBERT
SCHREITMUELLER SUSAN
REGION CODE ADDRESS : 1911 WATERLILY DRIVE
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,825.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.72800
----------------------------------------------------------------
0 0030932552 MORTGAGORS: FINLEY JON
FINLEY NANCY
REGION CODE ADDRESS : 8040 CLASSIC DRIVE
01 CITY : JONESBORO
STATE/ZIP : GA 30236
MORTGAGE AMOUNT : 340,708.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,473.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,470.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030932610 MORTGAGORS: BETTS KENNETH
CHIDESTER BECKY
REGION CODE ADDRESS : 2000 LORRAINE AVENUE
01 CITY : MC LEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 532,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 531,595.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,674.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,711,458.00
P & I AMT: 12,075.47
UPB AMT: 1,710,210.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030932776 MORTGAGORS: HOGATE RANDY
HOGATE SUSAN
REGION CODE ADDRESS : 20600 VIA VERONICA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,814.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.11400
----------------------------------------------------------------
0 0030932800 MORTGAGORS: VERNICK STEVEN
WAGNER AUDREY
REGION CODE ADDRESS : 231 ORCHARD STREET
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030932826 MORTGAGORS: KLEIN ERIC
DAY JOANNE
REGION CODE ADDRESS : 15 NEWELL ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02166
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,810.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.34200
----------------------------------------------------------------
0 0030932875 MORTGAGORS: TZANNES ALEXIS
BARRETT ERIN
REGION CODE ADDRESS : 72 GRASSLAND STREET
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.92800
----------------------------------------------------------------
0 0030932883 MORTGAGORS: KELEKCI ALI
REGION CODE ADDRESS : 3403 W. PACES FERRY COURT
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,661.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,438.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,496,000.00
P & I AMT: 10,671.58
UPB AMT: 1,495,286.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030932891 MORTGAGORS: JAFFE ROBERT
BAILEY DIANA
REGION CODE ADDRESS : 206 BEETHOVEN AVENUE
01 CITY : NEWTON
STATE/ZIP : MA 02168
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,211.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.09500
----------------------------------------------------------------
0 0030932909 MORTGAGORS: PEARSON JIM
PEARSON CATHI
REGION CODE ADDRESS : 25432 N. VERNE COURT
01 CITY : STEVENSON RANCH
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 333,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,614.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
0 0030932925 MORTGAGORS: TENNY JEFFREY
TENNY DEBORAH
REGION CODE ADDRESS : 96 DRAPER ROAD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0030933139 MORTGAGORS: STELLA KENNETH
STELLA ANNA
REGION CODE ADDRESS : 10 AVALON ROAD
01 CITY : TRENTON
STATE/ZIP : NJ 08638
MORTGAGE AMOUNT : 232,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,223.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,605.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0030933329 MORTGAGORS: LEITCH CHRISTOPHER
REGION CODE ADDRESS : 4700 VIVIANA DRIVE
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 514,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 513,672.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,861.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.07690
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,685,250.00
P & I AMT: 12,271.16
UPB AMT: 1,684,509.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030933378 MORTGAGORS: FOSTER J.
FOSTER CATHY
REGION CODE ADDRESS : 32912 DANAPOPLAR
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 296,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,585.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,100.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030933543 MORTGAGORS: BRESSLER PAUL
PACATTE EMILIE
REGION CODE ADDRESS : 4712 CAMINITO GIRASOL
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 224,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,524.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,532.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.97800
----------------------------------------------------------------
0 0030933600 MORTGAGORS: MAROTTA ALFRED
REGION CODE ADDRESS : 848 VIA SOMONTE
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 92074
MORTGAGE AMOUNT : 646,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 645,544.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,628.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.72700
----------------------------------------------------------------
0 0030933774 MORTGAGORS: TANIGUCHI DAVID
REGION CODE ADDRESS : 2306 JANE LANE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 271,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0030933907 MORTGAGORS: HARRINGTON FREDERICK
HARRINGTON ANITA
REGION CODE ADDRESS : 28 COMMERFORD ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,686,600.00
P & I AMT: 11,916.89
UPB AMT: 1,685,753.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030933972 MORTGAGORS: CALALO RUEL
CALALO ANN
REGION CODE ADDRESS : 774 IROQUOIS WAY
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,709.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.35900
----------------------------------------------------------------
0 0030933998 MORTGAGORS: GREEN JERROLD
GREEN MADELYNE
REGION CODE ADDRESS : 5639 SILVER VALLEY AVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 305,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,566.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030934061 MORTGAGORS: SOLUS CHRISTOPHER
SOLUS CATHERINE
REGION CODE ADDRESS : 388 MORRIS AVENUE
01 CITY : MOUNTAIN LAKES
STATE/ZIP : NJ 07046
MORTGAGE AMOUNT : 427,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,099.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030934228 MORTGAGORS: ALCOMIS ALFREDO
ALCOMIS EVANGELINE
REGION CODE ADDRESS : 3194 VINTAGE CREST DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,747.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.32100
----------------------------------------------------------------
0 0030934269 MORTGAGORS: JARVIS NEIL
BLOOM BRANDON
REGION CODE ADDRESS : 1330 WESTMONT AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,537,700.00
P & I AMT: 10,851.29
UPB AMT: 1,536,523.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030934301 MORTGAGORS: FIGUEROA GILBERT
FIGUEROA ESTHER
REGION CODE ADDRESS : 42 LEDGEWOOD DRIVE
01 CITY : LAS FLORES
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,593.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.77200
----------------------------------------------------------------
0 0030934434 MORTGAGORS: TEAGUE TIMOTHY
TEAGUE LISA
REGION CODE ADDRESS : 35 STIRRUP LANE
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,840.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,557.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 53.01200
----------------------------------------------------------------
0 0030934459 MORTGAGORS: GRANT DONALD
GRANT ROBERTA
REGION CODE ADDRESS : 5822 SHASTA CIRCLE
01 CITY : LA PALMA
STATE/ZIP : CA 90623
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,836.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030934467 MORTGAGORS: LAKE JOHN
LAKE CHRISTINE
REGION CODE ADDRESS : 12631 LITHUANIA DRIVE
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,844.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030934483 MORTGAGORS: MC LAUGHLIN MICHAEL
MCLAUGHLIN DENYSE
REGION CODE ADDRESS : 13460 LANCASTER ROAD
01 CITY : OAKDALE
STATE/ZIP : CA 95361
MORTGAGE AMOUNT : 248,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,574.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.73300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,200,750.00
P & I AMT: 8,559.25
UPB AMT: 1,199,689.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030934582 MORTGAGORS: SHAW SONDRA
REGION CODE ADDRESS : 8240 SAWTOOTH LANE
01 CITY : LONGMONT
STATE/ZIP : CO 80503
MORTGAGE AMOUNT : 221,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,043.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,584.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.03000
----------------------------------------------------------------
0 0030934608 MORTGAGORS: ENTRIKIN ROBERT
ENTRIKIN ARIANE
REGION CODE ADDRESS : 21179 FOXCROFT LANE
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,798.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.27500
----------------------------------------------------------------
0 0030934723 MORTGAGORS: RUBINO ROBERT
RUBINO VERONICA
REGION CODE ADDRESS : 2136 HILLSTONE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 506,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 505,901.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,670.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030934863 MORTGAGORS: IRVING GREGORY
IRVING ALVA
REGION CODE ADDRESS : 4103 STEED GRANT WAY
01 CITY : FORTH WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,693.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.31100
----------------------------------------------------------------
0 0030935043 MORTGAGORS: SMITH MATTHEW
SMITH LYNN
REGION CODE ADDRESS : 17571 ORANGETREE LANE
01 CITY : TUSTIN
STATE/ZIP : CA 92780
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,097.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,528,950.00
P & I AMT: 11,110.19
UPB AMT: 1,526,534.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030935191 MORTGAGORS: ZAHED HYDER
ZAHED MAHSHID
REGION CODE ADDRESS : 20 SORRENTO
01 CITY : IRVINE
STATE/ZIP : CA 92614
MORTGAGE AMOUNT : 287,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,725.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,213.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.96800
----------------------------------------------------------------
0 0030935316 MORTGAGORS: WATTS CLIFTON
WATTS SUSAN
REGION CODE ADDRESS : 2013 YORKSHIRE PLACE
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 263,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,217.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,865.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030935423 MORTGAGORS: ZUBROD PHILLIP
ZUBROD KATHY
REGION CODE ADDRESS : 632 MERLOT DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,610.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.33333
----------------------------------------------------------------
0 0030935563 MORTGAGORS: LECHMAN JOSEPH
LECHMAN MARY
REGION CODE ADDRESS : 5525 WEMBLY AVENUE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,674.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0030935571 MORTGAGORS: GIBSON BRADLEY
KAITO GRACE
REGION CODE ADDRESS : 4200 EAST THERESA STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 90814
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,316.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,524,000.00
P & I AMT: 10,965.22
UPB AMT: 1,522,543.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030935696 MORTGAGORS: TANG HARRY
TANG LINDA
REGION CODE ADDRESS : 1238 -1240 41ST AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 418,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,393.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,958.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.69720
----------------------------------------------------------------
0 0030935746 MORTGAGORS: CHRISTISON TERRI
REGION CODE ADDRESS : 2965 RUSTIC DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,831.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,587.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.30700
----------------------------------------------------------------
0 0030935753 MORTGAGORS: WEI STEPHEN
KOWN LILY
REGION CODE ADDRESS : 413 EL CORONADO STREET
01 CITY : SOUTH PASADENA
STATE/ZIP : CA 91030
MORTGAGE AMOUNT : 366,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,468.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030935811 MORTGAGORS: LIU ALEXANDER
REGION CODE ADDRESS : 517 PORPOISE BAY TERRAACE #A
01 CITY : SUNNYVALE
STATE/ZIP : CA 94089
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,826.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.38400
----------------------------------------------------------------
0 0030935985 MORTGAGORS: KENNEDY JOHN
UTSUKI WENDY
REGION CODE ADDRESS : 1115 MELTON PLACE
01 CITY : PACIFIC GROVE
STATE/ZIP : CA 93950
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,841.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.01300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,499,000.00
P & I AMT: 10,697.11
UPB AMT: 1,497,361.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030936017 MORTGAGORS: SPENCER ROBERT
SPENCER ANDREA
REGION CODE ADDRESS : 1960 SHERLOCK HOLMES STREET
01 CITY : ELDERSBURG
STATE/ZIP : MD 21784
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,822.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 86.89600
----------------------------------------------------------------
0 0030936124 MORTGAGORS: CULP REX
CULP ANNE
REGION CODE ADDRESS : 614 CANYON CIRCLE
01 CITY : TUSCALOOSA
STATE/ZIP : AL 35406
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030936157 MORTGAGORS: FORMICA MARK
FORMICA ROBERT
REGION CODE ADDRESS : 1215 LIMBERLOST ROAD
01 CITY : GLADWYNE
STATE/ZIP : PA 19035
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030936223 MORTGAGORS: MC KINNEY DOUGLAS
REGION CODE ADDRESS : 1935 BERRY STREET
01 CITY : LEMON GROVE
STATE/ZIP : CA 91945
MORTGAGE AMOUNT : 112,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 111,920.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 802.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030936330 MORTGAGORS: BONNER RICHARD
BONNER J
REGION CODE ADDRESS : 3111 RAMSHORN DRIVE
01 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,837.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.76900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,150,000.00
P & I AMT: 8,267.16
UPB AMT: 1,149,580.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030936348 MORTGAGORS: MEYERS MICHAEL
MEYERS BONNIE
REGION CODE ADDRESS : 54 FIELDSTONE DRIVE
01 CITY : SYOSSET
STATE/ZIP : NY 11791
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,345.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,565.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030936397 MORTGAGORS: CRAWFORD JOHN
CRAWFORD LISA
REGION CODE ADDRESS : 193 N LIMA STREET
01 CITY : SIERRA MAORE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,847.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.15600
----------------------------------------------------------------
0 0030936421 MORTGAGORS: MAYORAL LEOPOLDO
MAYORAL ALICE
REGION CODE ADDRESS : 3209 WOODLAND LANE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22309
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,724.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030936645 MORTGAGORS: WIENCEK KENNETH
WIENCEK LAUREN
REGION CODE ADDRESS : 63400 JACKSON RUN ROAD
01 CITY : CAMBRIDGE
STATE/ZIP : OH 43725
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,854.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030936744 MORTGAGORS: ROSENFELD BARBARA
REGION CODE ADDRESS : 1340 LINDA FLORA DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,695.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,468,500.00
P & I AMT: 10,550.90
UPB AMT: 1,467,467.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030936769 MORTGAGORS: WILLIAMS BRIAN
WILLIAMS SANDRA
REGION CODE ADDRESS : 25 COLUMBIA DRIVE
01 CITY : RANCHO MIRAGE
STATE/ZIP : CA 92270
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030936892 MORTGAGORS: ROSENBLATT ALAN
ROSENBLATT SUSAN
REGION CODE ADDRESS : 1476 VISTA CLARIDAD
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,702.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,257.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030936926 MORTGAGORS: HITCHCOCK WILLIAM
HITCHCOCK DEBRA
REGION CODE ADDRESS : 9661 CLIPPER COVE PLACE
01 CITY : ELK GROVE
STATE/ZIP : CA 95758
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,312.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,902.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 82.96800
----------------------------------------------------------------
0 0030936934 MORTGAGORS: RENNER LOUIS
RENNER STELLA
REGION CODE ADDRESS : 1313 AMBERDALE COURT
01 CITY : ANTIOCH
STATE/ZIP : CA 94509
MORTGAGE AMOUNT : 231,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,128.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,617.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0030936967 MORTGAGORS: MCVAY CHARLES
MCVAY BEVERLY
REGION CODE ADDRESS : 944 BLANDFORD BLVD
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 513,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 513,396.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,725.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,774,550.00
P & I AMT: 12,794.86
UPB AMT: 1,773,539.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030936975 MORTGAGORS: ISSAC PARAMPOTTIL
ISSAC LEELAMMA
REGION CODE ADDRESS : LOT 30 MONTSERRAT CIRCLE
01 CITY : HEATH
STATE/ZIP : TX 75087
MORTGAGE AMOUNT : 334,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,307.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,367.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.71700
----------------------------------------------------------------
0 0030936983 MORTGAGORS: MAY MARK
ROBBINS PATRICIA
REGION CODE ADDRESS : 10381 SPRING HIGHLAND DRIVE
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46290
MORTGAGE AMOUNT : 250,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,173.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0030937080 MORTGAGORS: KRAUSE KEVIN
REGION CODE ADDRESS : 5119 ESMOND DRIVE
01 CITY : ODESSA
STATE/ZIP : TX 79762
MORTGAGE AMOUNT : 83,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 83,842.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 608.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98000
----------------------------------------------------------------
0 0030937122 MORTGAGORS: NAGLE ALAN
BROOKER KATHLEEN
REGION CODE ADDRESS : 577 FRANKLIN STREET
01 CITY : DENVER
STATE/ZIP : CO 80218
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,046.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030937155 MORTGAGORS: POMPEO KENNETH
REGION CODE ADDRESS : 25611 CHRISTIE COURT
01 CITY : STEVENSON RANCH
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 220,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,186.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,540.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,170,400.00
P & I AMT: 8,301.20
UPB AMT: 1,169,556.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030937189 MORTGAGORS: TERSTEEG MICHAEL
TERSTEEG JILLELLYN
REGION CODE ADDRESS : 53 IRVINE PARK
01 CITY : ST. PAUL
STATE/ZIP : MN 55102
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,342.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030937270 MORTGAGORS: WOLFF PATRICK
WOLFF MARITA
REGION CODE ADDRESS : 91 DURAND ROAD
01 CITY : MAPLEWOOD
STATE/ZIP : NJ 07040
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,301.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 64.58300
----------------------------------------------------------------
0 0030937338 MORTGAGORS: STAUFFER JAMES
REGION CODE ADDRESS : 5124 BALLYCASTLE CIRCLE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 228,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,771.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,561.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98000
----------------------------------------------------------------
0 0030937411 MORTGAGORS: JOHNSON DEREK
JOHNSON SALLY
REGION CODE ADDRESS : 10 CARNOUSTIE WAY
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 346,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,455.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,483.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0030937791 MORTGAGORS: HECHT ROBERT
HECHT EDNA
REGION CODE ADDRESS : 1443 HILLSIDE ROAD
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,347,150.00
P & I AMT: 9,613.80
UPB AMT: 1,346,568.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030937882 MORTGAGORS: PEPPER CHRISTOPHER
DAUTREMONT-PEPPER SUZANNE
REGION CODE ADDRESS : 3520 RADCLIFF ROAD
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 232,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,605.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030937890 MORTGAGORS: PILAVAS ANTHONY
PILAVAS HELEN
REGION CODE ADDRESS : 9 WASH HOLLOW ROAD
01 CITY : UPPER BROOKVILLE
STATE/ZIP : NY 11771
MORTGAGE AMOUNT : 980,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 980,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,020.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 80.00000
----------------------------------------------------------------
0 0030937908 MORTGAGORS: VALADEZ RAYMOND
SALISBURY-VALADEZ KIMBERLY
REGION CODE ADDRESS : 2001 HAELING PLACE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 276,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,594.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,935.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98500
----------------------------------------------------------------
0 0030937973 MORTGAGORS: HICKEY JEFFREY
COX-HICKEY TERESA
REGION CODE ADDRESS : 13033 ST FILAGREE
01 CITY : RIVERVIEW
STATE/ZIP : FL 33569
MORTGAGE AMOUNT : 233,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,939.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030938047 MORTGAGORS: STEVENS PAUL
STEVENS WENDY
REGION CODE ADDRESS : 6676 PASEO SAN LEON
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 434,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,369.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,071.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,156,300.00
P & I AMT: 15,323.36
UPB AMT: 2,155,303.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030938054 MORTGAGORS: ANDER DOUGLAS
ARLUCK JESSICA
REGION CODE ADDRESS : 152 PEACHTREE WAY
01 CITY : ATLANA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 387,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,312.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,710.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030938096 MORTGAGORS: BROWN ALVIN
BROWN RUTH
REGION CODE ADDRESS : 24623 STONEGATE DRIVE
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,754.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,399.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.33300
----------------------------------------------------------------
0 0030938245 MORTGAGORS: BARFIELD KENNETH
BARFIELD JAN
REGION CODE ADDRESS : 1418 GASTON AVENUE
01 CITY : AUSTIN
STATE/ZIP : TX 78703
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,658.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,340.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030938344 MORTGAGORS: CAPOTOSTO THOMAS
CAPOTOSTO TRUDI
REGION CODE ADDRESS : 2726 CREEK'S EDGE PARKWAY
01 CITY : AUSTIN
STATE/ZIP : TX 78733
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,819.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030938377 MORTGAGORS: SOLOT MICHAEL
SOLOT JAIME
REGION CODE ADDRESS : 5510 SADRING AVENUE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,089.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,749,800.00
P & I AMT: 12,373.80
UPB AMT: 1,748,744.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030938757 MORTGAGORS: RAIMREZ JOSEPH
RAIMREZ MARIA
REGION CODE ADDRESS : 9230 NORTH EGRET COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,302.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030938799 MORTGAGORS: DELGADO STEVEN
DELGADO SALLY
REGION CODE ADDRESS : 19170 BRETON PLACE
01 CITY : MONUMENT
STATE/ZIP : CO 80132
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,841.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030938872 MORTGAGORS: FREDERICK KIRSTEN
REGION CODE ADDRESS : 1255 JILLIAN COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,836.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,538.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030938898 MORTGAGORS: POIRIER JOSEPH
POIRIER ANN
REGION CODE ADDRESS : 10567 205TH STREET WEST
01 CITY : LAKEVILLE
STATE/ZIP : MN 55044
MORTGAGE AMOUNT : 275,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,405.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030939037 MORTGAGORS: GREEN DANIEL
GREEN MARIAN
REGION CODE ADDRESS : 65 EAST INDIA ROW #22F
01 CITY : BOSTON
STATE/ZIP : MA 02110
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,816.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,242.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 74.68300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,281,100.00
P & I AMT: 9,223.27
UPB AMT: 1,280,203.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030939102 MORTGAGORS: BELO LUCILLE
BELO AVRAHAM
REGION CODE ADDRESS : 16 WINTERBERRY LANE
01 CITY : BRIARCLIFF MANOR
STATE/ZIP : NY 10510
MORTGAGE AMOUNT : 258,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,072.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.94900
----------------------------------------------------------------
0 0030939177 MORTGAGORS: KOLINSKI DAVID
CTIBOR THERESA
REGION CODE ADDRESS : 19352 SURFTIDE DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 301,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,242.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,185.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98500
----------------------------------------------------------------
0 0030939284 MORTGAGORS: MAGESTRO JAMES
MAGESTRO PATRICIA
REGION CODE ADDRESS : 562 LAC LABELLE
01 CITY : OCONTOMOWOC
STATE/ZIP : WI 05306
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.74400
----------------------------------------------------------------
0 0030939466 MORTGAGORS: ROSHANDEL RAHI
ROSHANDEL ROSHANAK
REGION CODE ADDRESS : 4920 CAMINITO EXQUISITO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,206.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,965.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030939599 MORTGAGORS: JESSE GORDON
JESSE SALLY
REGION CODE ADDRESS : 740 N EXPLORER DRIVE
01 CITY : GILBERT
STATE/ZIP : AZ 85234
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,783.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,456,100.00
P & I AMT: 10,458.51
UPB AMT: 1,455,304.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030939615 MORTGAGORS: GREGG SALLY
GREGG JERRY
REGION CODE ADDRESS : 31015 N.E. 60TH ST.
01 CITY : CARNATION
STATE/ZIP : WA 98014
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,756.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030939789 MORTGAGORS: BRISKER MITCHELL
BRISKER ALISON
REGION CODE ADDRESS : 5457 SHIRLEY AVE.
01 CITY : LOS ANGELES
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 599,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 598,766.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,241.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030939821 MORTGAGORS: EDGERTON DONALD
REGION CODE ADDRESS : 3269 TRABUCO COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 272,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,716.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0030940118 MORTGAGORS: RADKE JEFF
RADKE SHARON
REGION CODE ADDRESS : 1427 STRATTFORD STREET
01 CITY : BREA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030940274 MORTGAGORS: DORFMAN MICHAEL
DORFMAN VICTORIA
REGION CODE ADDRESS : 2654 NORTH WATERFORD STREET
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,812.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.50200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,739,600.00
P & I AMT: 12,449.66
UPB AMT: 1,738,552.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030940340 MORTGAGORS: BOSTWICK JOHN
BOSTWICK KAREN
REGION CODE ADDRESS : 709 MEADOW BEND COURT
01 CITY : HIGHLAND VILLAGE
STATE/ZIP : TX 75067
MORTGAGE AMOUNT : 127,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,010.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 910.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0030940365 MORTGAGORS: STOVALL BRADLEY
STOVALL ARONDA
REGION CODE ADDRESS : 11845 BRIGHT PASSAGE
01 CITY : COLUMBIA
STATE/ZIP : MD 21044
MORTGAGE AMOUNT : 264,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,303.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 92.80701
----------------------------------------------------------------
0 0030940449 MORTGAGORS: RICHARDSON LAMARL
HAWKINS TANYELLE
REGION CODE ADDRESS : 11802 BROOKVILLE LANDING
01 CITY : MITCHELLEVILLE
STATE/ZIP : MD 20720
MORTGAGE AMOUNT : 218,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,503.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.90600
----------------------------------------------------------------
0 0030940639 MORTGAGORS: LILJA SCOTT
BELCHER MICHELLE
REGION CODE ADDRESS : 11103 SCAGGSVILLE ROAD
01 CITY : LAUREL
STATE/ZIP : MD 20723
MORTGAGE AMOUNT : 242,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0030940803 MORTGAGORS: MERTZ RICHARD
MERTZ MING
REGION CODE ADDRESS : 8302 PASEO DEL OCASO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,273.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,352,450.00
P & I AMT: 9,680.52
UPB AMT: 1,351,291.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030940969 MORTGAGORS: PEDROZA ANTONIO
MATHESON HEATHER
REGION CODE ADDRESS : 2318 33RD AVENUE SOUTH
01 CITY : SEATTLE
STATE/ZIP : WA 98144
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,818.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,914.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030941033 MORTGAGORS: CHESLER MICHAEL
REGION CODE ADDRESS : 10613 ROCHESTER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 408,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,496.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,858.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030941108 MORTGAGORS: NG JOHN
REGION CODE ADDRESS : 30 CORTE ALEGRE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,523.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030941272 MORTGAGORS: MENACK STEVEN
MENACK STEFANIE
REGION CODE ADDRESS : 7 ROBERTS DRIVE
01 CITY : MOUNTAIN LAKES
STATE/ZIP : NJ 07046
MORTGAGE AMOUNT : 349,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,625.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030941298 MORTGAGORS: FLETCHER KENNETH
FLETCHER JULIE
REGION CODE ADDRESS : 550 BANYAN CIRCLE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,829.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,630,300.00
P & I AMT: 11,851.99
UPB AMT: 1,629,644.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 140
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030941397 MORTGAGORS: PAIK JAE
KIM RAYNA
REGION CODE ADDRESS : 3311 DONA ROSA DRIVE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,841.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030941454 MORTGAGORS: DOWNING BEN
DOWNING DIANA
REGION CODE ADDRESS : 300 POPLAR CREST
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,859.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 77.19200
----------------------------------------------------------------
0 0030941470 MORTGAGORS: ROBINSON LORIE
REGION CODE ADDRESS : 2862 E. SIERRA DRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 215,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,055.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,579.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030941660 MORTGAGORS: YAVORSKY FREDRICK
RODOLETZ MICHELLE
REGION CODE ADDRESS : 817 FOX CHASE ROAD
01 CITY : ABINGTON TOWNSHIP
STATE/ZIP : PA 19046
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,650.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98100
----------------------------------------------------------------
0 0030941744 MORTGAGORS: DAVIS TODD
DAVIS MEREDITH
REGION CODE ADDRESS : 1862 SIR RICHARD'S COURT
01 CITY : FINKSBURG
STATE/ZIP : MD 21048
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,836.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 83.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,180,200.00
P & I AMT: 8,720.78
UPB AMT: 1,179,243.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 141
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030941751 MORTGAGORS: KEPPLE STEPHEN
KEPPLE NANCY
REGION CODE ADDRESS : 3713 HAVEN LAKE DRIVE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 198,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 198,402.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,388.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030941959 MORTGAGORS: WERNER RICHARD
WERNER MONTE
REGION CODE ADDRESS : 54O SOUTH WEYMOUTH COURT
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 297,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,134.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,104.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030942171 MORTGAGORS: MASSARO ANGELINE
MASSARO MICHAEL
REGION CODE ADDRESS : 1025 POTOMAC COURT
01 CITY : GRAYSLAKE
STATE/ZIP : IL 60030
MORTGAGE AMOUNT : 237,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98100
----------------------------------------------------------------
0 0030942197 MORTGAGORS: WELLEK BEN
WELLEK LISA
REGION CODE ADDRESS : 16519 KIPLING ROAD
01 CITY : ROCKVILLE
STATE/ZIP : MD 20855
MORTGAGE AMOUNT : 180,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 180,665.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,264.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030942239 MORTGAGORS: STERBENTZ JAMES
STERBENTZ SUZANNE
REGION CODE ADDRESS : 6830 E ROXANNE WAY
01 CITY : LONG BEACH
STATE/ZIP : CA 90815
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,840.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,619.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.95700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,140,650.00
P & I AMT: 8,122.21
UPB AMT: 1,139,993.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 142
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030942460 MORTGAGORS: MILLS ROGER
MILLS FRANCES
REGION CODE ADDRESS : 1328 NORTON AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91202
MORTGAGE AMOUNT : 284,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,204.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030942726 MORTGAGORS: FLEMING LOUIS
RUNNELS LAURA
REGION CODE ADDRESS : 207 PRINCE ROYAL DRIVE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,642.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0030942791 MORTGAGORS: HOLDEN MICHAEL
HOLDEN RHANDA
REGION CODE ADDRESS : 2901 NEWBURYPORT AVENUE
01 CITY : GARLAND
STATE/ZIP : TX 75044
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030942874 MORTGAGORS: CORWEL PETER
CORWEL DELORES
REGION CODE ADDRESS : 19709 FALCON CREST WAY
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,779.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.41600
----------------------------------------------------------------
0 0030942882 MORTGAGORS: BRUNER HARRY
REGION CODE ADDRESS : 5108 SPYGLASS DR
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,349,400.00
P & I AMT: 9,551.95
UPB AMT: 1,348,626.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 143
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030942908 MORTGAGORS: STACK DONALD
WHITE STACK KRISTINE
REGION CODE ADDRESS : 1 PHEASANT LANE
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 269,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,432.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.29400
----------------------------------------------------------------
0 0030942916 MORTGAGORS: WILSON JOHN
BAGBY SARA
REGION CODE ADDRESS : 4224 LAKE OAKS CIRCLE
01 CITY : FT WORTH
STATE/ZIP : TX 76108
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,968.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
0 0030942957 MORTGAGORS: GASKILL KARL
WARNER RISSA
REGION CODE ADDRESS : 4555-W. LAUREL DRIVE NE,
01 CITY : SEATTLE
STATE/ZIP : WA 98105
MORTGAGE AMOUNT : 386,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,727.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,765.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.95145
----------------------------------------------------------------
0 0030943054 MORTGAGORS: FRASER JOHN
FRASER KARLENE
REGION CODE ADDRESS : 810 QUAIL RISE
01 CITY : FAIRVIEW
STATE/ZIP : TX 75069
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,746.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.85000
----------------------------------------------------------------
0 0030943146 MORTGAGORS: BARTLETT SCOTT
BARTLETT ANNA-MARIA
REGION CODE ADDRESS : 296 SPRINGER RD
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.63600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,576,800.00
P & I AMT: 11,270.14
UPB AMT: 1,575,875.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 144
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030943179 MORTGAGORS: TAYLOR JAMES
REGION CODE ADDRESS : 6067 MORNINGSIDE COURT
01 CITY : GURNEE
STATE/ZIP : IL 60031
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030943203 MORTGAGORS: FENCZIK PETER
ISBERG KRISTINA
REGION CODE ADDRESS : 372 PARK STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030943245 MORTGAGORS: MATOSO DAVID
MATOSO MARY
REGION CODE ADDRESS : 729 TAMARACK AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,798.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,374.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030943385 MORTGAGORS: SMITH SYLVESTER
SMITH ANNE
REGION CODE ADDRESS : 750 SHEARER STREET
01 CITY : NORTH WALES
STATE/ZIP : PA 19454
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,319.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030943419 MORTGAGORS: THOMAS HAROLD
THOMAS JANICE
REGION CODE ADDRESS : 580 S. SPRINGER ROAD
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 520,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,680.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.23900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,555,900.00
P & I AMT: 11,046.78
UPB AMT: 1,555,517.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 145
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030943435 MORTGAGORS: CADENA MICHAEL
CADENA SYLVIA
REGION CODE ADDRESS : 3392 HAWKWOOD ROAD
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030943542 MORTGAGORS: KNAPP MICHAEL
REDMOND CASSIE
REGION CODE ADDRESS : 17525 CHARITY LANE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 92.30700
----------------------------------------------------------------
0 0030943591 MORTGAGORS: MARTIN GERALD
MARTIN SHEREE
REGION CODE ADDRESS : 3843 BROOKSWORTH AVENUE
01 CITY : TARPON SPRINGS
STATE/ZIP : FL 34689
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.50500
----------------------------------------------------------------
0 0030943609 MORTGAGORS: GERBER DENNIS
GERBER CHRISTINE
REGION CODE ADDRESS : 320 CARDONA CIRCLE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030943708 MORTGAGORS: HAYNES ANTHONY
HAYNES CAREY
REGION CODE ADDRESS : 4947 INDIANOLA WAY
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,710.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,726.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,488,000.00
P & I AMT: 10,516.75
UPB AMT: 1,487,312.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 146
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030943989 MORTGAGORS: HALL VALORIE
REGION CODE ADDRESS : 1300 POPENOE RD
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,707.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,859.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030944037 MORTGAGORS: MOYNIHAN JAMES
MOYNIHAN HELEN
REGION CODE ADDRESS : 338 NORTH OAK HILLS DRIVE
01 CITY : OAK PARK
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,811.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030944060 MORTGAGORS: KAMHI IZIDOR
KAMHI ANDREA
REGION CODE ADDRESS : 15 KENWOOD DRIVE
01 CITY : WOODCLIFF LAKE
STATE/ZIP : NJ 07675
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,813.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,280.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0030944078 MORTGAGORS: ZEOLLA GEORGE
ZEOLLA SUZAN
REGION CODE ADDRESS : 20 WINTERBERRY LANE
01 CITY : BRIARCLIFF MANOR
STATE/ZIP : NY 10510
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,841.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.64200
----------------------------------------------------------------
0 0030944086 MORTGAGORS: CROW DEBRA
REGION CODE ADDRESS : 1617 SEABORN COURT
01 CITY : ALAMEDA
STATE/ZIP : CA 95401
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,340.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,426,500.00
P & I AMT: 10,334.59
UPB AMT: 1,425,514.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 147
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030944144 MORTGAGORS: NELSON GLEN
NELSON RITA
REGION CODE ADDRESS : 35 MADRID COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,781.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 50.81900
----------------------------------------------------------------
0 0030944185 MORTGAGORS: KING KEVIN
REGION CODE ADDRESS : 120 INLAND DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30342
MORTGAGE AMOUNT : 220,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,541.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030944227 MORTGAGORS: WALKER CHARLES
WALKER ANNETTE
REGION CODE ADDRESS : 23291 VIA PARDAL
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92769
MORTGAGE AMOUNT : 409,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,076.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 71.84200
----------------------------------------------------------------
0 0030944292 MORTGAGORS: LI SAI
LEUNG MAN
REGION CODE ADDRESS : 755 SWEETBAY DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 348,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,559.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,529.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030944334 MORTGAGORS: CONWAY DAVID
CONWAY JULIE
REGION CODE ADDRESS : 284 KNOX PLACE
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 221,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,840.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,564.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.91500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,509,700.00
P & I AMT: 10,931.67
UPB AMT: 1,509,081.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 148
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030944508 MORTGAGORS: DUNCAN JOHN
DUNCAN JACQUELINE
REGION CODE ADDRESS : 664 WILD OAK DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95409
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,828.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.47700
----------------------------------------------------------------
0 0030944607 MORTGAGORS: ORLOWSKI JAMES
ORLOWSKI KATHRYN
REGION CODE ADDRESS : 11862 REAGAN ST
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,562.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,130.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.85000
----------------------------------------------------------------
0 0030944623 MORTGAGORS: HARMSEN ELISA
REGION CODE ADDRESS : 2217 N. FORBES AVE
01 CITY : CLAREMONT
STATE/ZIP : CA 91711
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,720.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 69.69600
----------------------------------------------------------------
0 0030944680 MORTGAGORS: BROWN MICHAEL
BROWN CHRISTINE
REGION CODE ADDRESS : 21879 HYDE PARK DRIVE
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 236,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,220.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,632.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0030944748 MORTGAGORS: FRASCO ALEXANDER
FRASCO ANN
REGION CODE ADDRESS : 33 LASALLE DRIVE
01 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 515,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 514,627.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,645.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.67567
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,519,400.00
P & I AMT: 10,854.33
UPB AMT: 1,517,959.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 149
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030944813 MORTGAGORS: ROOKE CHRISTIOPHER
ROOKE JUDITH
REGION CODE ADDRESS : 370 SOUTH MORNING SUN AVE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 476,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,328.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030944839 MORTGAGORS: SCHIERL JOSEPH
SCHIERL PEGGY
REGION CODE ADDRESS : 2609 NEWTON AVENUE SOUTH
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55405
MORTGAGE AMOUNT : 457,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,860.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,196.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0030944847 MORTGAGORS: DIXON JOEL
DIXON ELLA
REGION CODE ADDRESS : 17918 DOTY AVE
01 CITY : TORRANCE
STATE/ZIP : CA 90504
MORTGAGE AMOUNT : 224,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,173.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,589.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.80000
----------------------------------------------------------------
0 0030944946 MORTGAGORS: CASTORIA DAREN
SAYLOR SHAWNA
REGION CODE ADDRESS : 20305 HERSHRY CIRCLE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,819.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030944987 MORTGAGORS: PULVINO DENNIS
REGION CODE ADDRESS : 2936 ALEXANDER ROAD
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,704,700.00
P & I AMT: 11,964.86
UPB AMT: 1,703,854.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 150
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030945000 MORTGAGORS: KARANT WILLIAM
REGION CODE ADDRESS : 2604 TWELVE OAKS LANE
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,816.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.95000
----------------------------------------------------------------
0 0030945026 MORTGAGORS: ABRAMS HOWARD
REGION CODE ADDRESS : 6597 EAST OAK SPRINGS DRIVE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,028.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030945133 MORTGAGORS: TOLENTINO AMELITA
REGION CODE ADDRESS : 3841 LOS ALTOS COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,238.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.19600
----------------------------------------------------------------
0 0030945182 MORTGAGORS: KAHN DONALD
REGION CODE ADDRESS : 1710 TROPICAL AVENUE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,640.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,083.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 44.00000
----------------------------------------------------------------
0 0030945224 MORTGAGORS: FULMIS JAMES
ROULO KARIN
REGION CODE ADDRESS : 4373 BECK AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,741.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,726.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,693,700.00
P & I AMT: 12,484.86
UPB AMT: 1,692,465.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 151
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030945364 MORTGAGORS: THOMPSON KENNETH
THOMPSON JULIE
REGION CODE ADDRESS : 6319 CLARIDGE DRIVE SOUTH
01 CITY : FREDERICK
STATE/ZIP : MD 21701
MORTGAGE AMOUNT : 221,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,443.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,587.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98984
----------------------------------------------------------------
0 0030945448 MORTGAGORS: BOUDREAUX SCOTT
BOUDREAUX JONI
REGION CODE ADDRESS : 359 VALLEY VIEW LANE
01 CITY : UWCHLAN TOWNSHIP
STATE/ZIP : PA 19425
MORTGAGE AMOUNT : 269,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,890.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030945489 MORTGAGORS: MARCHESE MARIAN
REGION CODE ADDRESS : 924 BRYN MAWR AVENUE
01 CITY : PENN VALLEY
STATE/ZIP : PA 19072
MORTGAGE AMOUNT : 343,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,519.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030945919 MORTGAGORS: ROE HENRY
REGION CODE ADDRESS : 111 HARDSCRABBLE ROAD
01 CITY : BORO OF MENDHAM
STATE/ZIP : NJ 07945
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 50.53700
----------------------------------------------------------------
0 0030945950 MORTGAGORS: RESNICK BRUCE
REGION CODE ADDRESS : 3296 WHIDBY ROAD
01 CITY : BUFORD
STATE/ZIP : GA 30518
MORTGAGE AMOUNT : 282,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,600.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,026.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,351,900.00
P & I AMT: 9,672.99
UPB AMT: 1,351,334.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 152
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030946081 MORTGAGORS: SPENCER BRUCE
SPENCER PAMELA
REGION CODE ADDRESS : 2 TORIES LANE
01 CITY : PARSIPPANY-TROY HILL
STATE/ZIP : NJ 07054
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030946099 MORTGAGORS: ONEIL KEVIN
ONEIL SUSAN
REGION CODE ADDRESS : 10678 EAST TOPAZ DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85258
MORTGAGE AMOUNT : 266,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,766.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,935.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030946214 MORTGAGORS: LEE JONG-HOON
LEE YOU-ME
REGION CODE ADDRESS : 10905 LAMPLIGHTER LANE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 393,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,357.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,752.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0030946305 MORTGAGORS: BIRD RICHARD
WHITTINGTON HEATHER
REGION CODE ADDRESS : 22 ELMHURST ROAD
01 CITY : ARLINGTON
STATE/ZIP : MA 02174
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,805.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
0 0030946438 MORTGAGORS: HOLMES RONALD
REGION CODE ADDRESS : 4318 BEECHWOOD LANE
01 CITY : DALLAS
STATE/ZIP : TX 75220
MORTGAGE AMOUNT : 312,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,995.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,318.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 68.31500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,800.00
P & I AMT: 10,799.64
UPB AMT: 1,510,925.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 153
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030946453 MORTGAGORS: DAVIS RICHARD
BAKER ELBA
REGION CODE ADDRESS : 5211 HARVEY WAY
01 CITY : LONG BEACH
STATE/ZIP : CA 90808
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,833.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,566.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030946461 MORTGAGORS: EHLERT KURT
EHLERT LORI
REGION CODE ADDRESS : 1585 BARRINGTON WOODS
01 CITY : BROOKFIELD
STATE/ZIP : WI 53005
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,802.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030946503 MORTGAGORS: DEIBLER LARRY
DEIBLER JUDITH
REGION CODE ADDRESS : 255 TAMARISK DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,816.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,935.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.07000
----------------------------------------------------------------
0 0030946511 MORTGAGORS: LOWE HOWARD
LOWE MONA
REGION CODE ADDRESS : 30 BRISTOL GREEN
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78209
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,742.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,817.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030946529 MORTGAGORS: SIMMONS DANIEL
SIMMONS SANDRA
REGION CODE ADDRESS : 364 ARCHES AVENUE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,839.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,626.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.81900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,382,000.00
P & I AMT: 9,952.07
UPB AMT: 1,381,034.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 154
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030946552 MORTGAGORS: MOSER STEVE
MOSER ANNE
REGION CODE ADDRESS : 536 WHITING WOODS ROAD
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,785.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.98700
----------------------------------------------------------------
0 0030946651 MORTGAGORS: KOBRIN NEIL
KOBRIN MARSHA
REGION CODE ADDRESS : 618-626 RALSTON AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,803.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 63.82978
----------------------------------------------------------------
0 0030946867 MORTGAGORS: SONNTAG GREGORY
REGION CODE ADDRESS : 2452 E OMEGA
01 CITY : MESA
STATE/ZIP : AZ 85213
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,812.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030946958 MORTGAGORS: VOSS JEFFREY
VOSS LORI
REGION CODE ADDRESS : 380 CROSS CREEK
01 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,805.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.67000
----------------------------------------------------------------
0 0030947071 MORTGAGORS: HUMPHREYS BRYAN
HUMPHREYS CAROL
REGION CODE ADDRESS : 20 OCEAN VISTA
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.53800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,542,000.00
P & I AMT: 11,220.23
UPB AMT: 1,541,206.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 155
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030947089 MORTGAGORS: FARIGHI ALIREZA
FARIGHI NASRIN
REGION CODE ADDRESS : 1001 SOUTH BECKETT COURT
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,997.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,057.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030947121 MORTGAGORS: HAWES MICHAEL
HAWES TERRY
REGION CODE ADDRESS : 9789 MONTEGO STREET
01 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 238,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,285.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030947329 MORTGAGORS: KALLMAN RICHARD
REGION CODE ADDRESS : 138 VALESI DRIVE
01 CITY : MARLBORO
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
0 0030947519 MORTGAGORS: TRITSCHLER DAVID
TRITSCHLER CYNTHIA
REGION CODE ADDRESS : 2948 CHRIS LANE
01 CITY : GRAPEVINE
STATE/ZIP : TX 76051
MORTGAGE AMOUNT : 110,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 110,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 769.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030947527 MORTGAGORS: WILDE JERRY
WILDE JUDITH
REGION CODE ADDRESS : 6050 E SUNNYSIDE DR
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85254
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,655.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,625.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.88000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,485,650.00
P & I AMT: 10,718.70
UPB AMT: 1,484,939.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 156
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030947618 MORTGAGORS: FLEISCHMANN DAVID
FLEISHMANN STEPHANIE
REGION CODE ADDRESS : 131 SKYVIEW COURT
01 CITY : LOUISVILLE
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 227,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,885.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,607.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030947642 MORTGAGORS: GUTIERREZ NICHOLAS
GUTIERREZ LINDA
REGION CODE ADDRESS : 1415 LISA WAY
01 CITY : ESCONDIDO
STATE/ZIP : CA 92027
MORTGAGE AMOUNT : 117,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 117,414.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 831.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 54.02200
----------------------------------------------------------------
0 0030947691 MORTGAGORS: COOPER ALAN
COOPER LISA
REGION CODE ADDRESS : 482 HARRIS
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,767.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.89542
----------------------------------------------------------------
0 0030947766 MORTGAGORS: COHEN DAVID
COHEN CARA
REGION CODE ADDRESS : 9 BLACK TAIL LANE
01 CITY : MONTEREY
STATE/ZIP : CA 93940
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,774.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,370.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.86800
----------------------------------------------------------------
0 0030947949 MORTGAGORS: SANCHEZ IGNACIO
SANCHEZ KIMBERLY
REGION CODE ADDRESS : 4732 PALM AVENUE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 545,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 544,634.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,999.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.06000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,546,550.00
P & I AMT: 11,172.88
UPB AMT: 1,545,476.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 157
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030948004 MORTGAGORS: HIRSCH NICOLE
REGION CODE ADDRESS : 4968 LOS FELIZ BLVEVARD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,807.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030948020 MORTGAGORS: BROWN RICHARD
BROWN DIANE
REGION CODE ADDRESS : 28041 NORTH LIANA LANE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 260,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0030948129 MORTGAGORS: HAGMAYER RICHARD
REGION CODE ADDRESS : 33 CHATEAU CIRCLE
01 CITY : MARLTON
STATE/ZIP : NJ 08053
MORTGAGE AMOUNT : 223,655.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,504.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.71100
----------------------------------------------------------------
0 0030948137 MORTGAGORS: SOFOKLEOUS HELEN
KARALAZARIDES MARIA
REGION CODE ADDRESS : 146-37 22ND AVENUE
01 CITY : WHITESTONE
STATE/ZIP : NY 11357
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,320.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030948145 MORTGAGORS: BJERKE JACK
BJERKE DIANE
REGION CODE ADDRESS : 1804 EAST SHORE DRIVE
01 CITY : DETROIT LAKES
STATE/ZIP : MN 56501
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,835.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,310,805.00
P & I AMT: 9,623.42
UPB AMT: 1,310,117.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 158
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030948152 MORTGAGORS: ZAGAMI HARRY
ZAGAMI DEBORAH
REGION CODE ADDRESS : 909 WILLIAM MEADE COURT
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,721.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,829.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 83.15700
----------------------------------------------------------------
0 0030948178 MORTGAGORS: MILLER DAVID
MILLER DIAN
REGION CODE ADDRESS : 12807 SAGAMORE FOREST LANE
01 CITY : REISTERSTOWN
STATE/ZIP : MD 21136
MORTGAGE AMOUNT : 328,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,068.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,351.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.77500
----------------------------------------------------------------
0 0030948194 MORTGAGORS: PARKER ALLEGRO
PARKER ADELAIDE
REGION CODE ADDRESS : 1400 MAYHURST BOULEVARD
01 CITY : MCLEAN
STATE/ZIP : VA 22102
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,731.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.77700
----------------------------------------------------------------
0 0030948327 MORTGAGORS: SELLERS DARROW
STRACUZZI GAIL
REGION CODE ADDRESS : 25170 BARONET DRIVE
01 CITY : SALINAS
STATE/ZIP : CA 93908
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,782.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,291.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.84800
----------------------------------------------------------------
0 0030948376 MORTGAGORS: TSE BRYAN
CHUNG KAMY
REGION CODE ADDRESS : 6 HEMINGWAY COURT
01 CITY : MARLBORO
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 373,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,549.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,742.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,813,100.00
P & I AMT: 13,150.92
UPB AMT: 1,811,852.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 159
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030948517 MORTGAGORS: HSU HOU
HSU JULIE
REGION CODE ADDRESS : 1091 MILLER AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,824.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.85710
----------------------------------------------------------------
0 0030948673 MORTGAGORS: MALOUF GEORGE
MALOUF CAROL
REGION CODE ADDRESS : 19 ELDERBERRY
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 273,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,496.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.17948
----------------------------------------------------------------
0 0030948699 MORTGAGORS: MOFFAT JAMES
MOFFAT ROBBIE
REGION CODE ADDRESS : 842 RADCLIFF WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94807
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,658.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,216.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030948814 MORTGAGORS: O'SHAUGHNESSY JAMES
O'SHAUGHNESSY CHRISTINE
REGION CODE ADDRESS : 12 PETER HOBART DRIVE
01 CITY : HINGHAM
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 236,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 85.76000
----------------------------------------------------------------
0 0030948863 MORTGAGORS: CORNING EDWARD
CORNING SANDRA
REGION CODE ADDRESS : 38 THUNDER LAKE ROAD
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.51600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,532,400.00
P & I AMT: 10,964.63
UPB AMT: 1,531,679.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 160
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030948988 MORTGAGORS: HOWE STEVEN
RABANAL HOWE ZENAIDA
REGION CODE ADDRESS : 11972 WALLINGSFORD ROAD
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,807.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.61100
----------------------------------------------------------------
0 0030948996 MORTGAGORS: GARCIA EDWARD
GARCIA SANDRA
REGION CODE ADDRESS : 3211 STIMSON WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 264,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030949036 MORTGAGORS: SPENCE ROBERT
SOPCAK SUSAN
REGION CODE ADDRESS : 15638 HULL COURT
01 CITY : SAN LEANDRO
STATE/ZIP : CA 94579
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,819.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.81400
----------------------------------------------------------------
0 0030949093 MORTGAGORS: LELII RALPH
DUNPHY LINDA
REGION CODE ADDRESS : 820 PAXON HOLLOW ROAD
01 CITY : MEDIA
STATE/ZIP : PA 19063
MORTGAGE AMOUNT : 230,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,641.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,673.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.76900
----------------------------------------------------------------
0 0030949176 MORTGAGORS: FUNG ALBERT
CHUA-FUNG GEORGINA
REGION CODE ADDRESS : 76 ROSSI AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94118
MORTGAGE AMOUNT : 536,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 535,621.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,839.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,533,900.00
P & I AMT: 11,037.83
UPB AMT: 1,532,989.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 161
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030949242 MORTGAGORS: COLMAN RICHARD
COLMAN RHODA
REGION CODE ADDRESS : 3201 BAYSHORE DRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,287.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.44400
----------------------------------------------------------------
0 0030949317 MORTGAGORS: COLEMAN FRANK
COLEMAN KATHRYN
REGION CODE ADDRESS : 9729 146TH PLACE SOUTHEAST
01 CITY : SNOHOMISH
STATE/ZIP : WA 98290
MORTGAGE AMOUNT : 250,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,568.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,774.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0030949341 MORTGAGORS: AUSTIN STEPHEN
AUSTIN ADRIENNE
REGION CODE ADDRESS : 826 PELICAN LANE
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 186,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 186,268.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,335.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030949440 MORTGAGORS: BERTRAM GEORGE
BERTRAM NELDA
REGION CODE ADDRESS : 1697 ALAMO PINTADO ROAD
01 CITY : SOLVANG
STATE/ZIP : CA 93463
MORTGAGE AMOUNT : 362,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,712.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,531.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.95000
----------------------------------------------------------------
0 0030949655 MORTGAGORS: BLANKSTEIN STUART
BLANKSTEIN KAREN
REGION CODE ADDRESS : 729 LABURNAM
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,773.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,427,150.00
P & I AMT: 10,163.03
UPB AMT: 1,423,837.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 162
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030949713 MORTGAGORS: GREENE GREGORY
GREENE IRVA
REGION CODE ADDRESS : 15116 JENKINS RIDGE ROAD
01 CITY : BOWIE
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,332.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030949770 MORTGAGORS: HEIN DEREK
HEIN MELANIE
REGION CODE ADDRESS : 456 NORTH 600 EAST
01 CITY : LINDON
STATE/ZIP : UT 84042
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,848.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030949796 MORTGAGORS: REITH DENNIS
REITH GLORIA
REGION CODE ADDRESS : 1211 WOODSPOINT DRIVE
01 CITY : MILFORD
STATE/ZIP : OH 45150
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.06666
----------------------------------------------------------------
0 0030949838 MORTGAGORS: ZORASTER RICHARD
VAN HEST INA
REGION CODE ADDRESS : 46-404 HULUPALA PLACE
01 CITY : KANEOHE
STATE/ZIP : HI 96744
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0030949929 MORTGAGORS: BEYER BRENT
BEYER DEBRA
REGION CODE ADDRESS : 637 APLACHICOLA ROAD
01 CITY : VENICE
STATE/ZIP : FL 34285
MORTGAGE AMOUNT : 232,560.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,403.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,474,060.00
P & I AMT: 10,604.99
UPB AMT: 1,473,585.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 163
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030949952 MORTGAGORS: EL FAYE ALAN
EL FAYE JONE
REGION CODE ADDRESS : 1324 MARINE AVE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 471,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,391.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,258.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0030949978 MORTGAGORS: HAHN DAVID
HAHN ALISON
REGION CODE ADDRESS : 7 BELLE ISLE DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,429.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 74.58800
----------------------------------------------------------------
0 0030949986 MORTGAGORS: BARTH PAUL
BARTH CINDY
REGION CODE ADDRESS : 4 STALLION ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 294,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,207.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,185.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030950000 MORTGAGORS: HOREY FRANK
HOREY MARY
REGION CODE ADDRESS : 17905 PARTHENIA STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 195,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 194,858.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,380.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 58.64600
----------------------------------------------------------------
0 0030950075 MORTGAGORS: SIU DAVID
SIU WENDY
REGION CODE ADDRESS : 31311 PASEO MONTEVIDEO
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 309,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.58700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,524,450.00
P & I AMT: 10,822.46
UPB AMT: 1,523,586.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 164
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030950174 MORTGAGORS: APT SAM
BLAAUW INGRID
REGION CODE ADDRESS : 1615 PANDORA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 401,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,716.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,872.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.38000
----------------------------------------------------------------
0 0030950265 MORTGAGORS: BUCHALSKI MARTIN
BUCHALSKI DEBRA
REGION CODE ADDRESS : 17 CUNNINGHAM LANE
01 CITY : CHERRY HILL
STATE/ZIP : NJ 08003
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,719.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.98300
----------------------------------------------------------------
0 0030950315 MORTGAGORS: KAVAJECZ KENNETH
KAVAJECZ JOAN
REGION CODE ADDRESS : 1894 HAWTHORNE PLACE
01 CITY : PAOLI
STATE/ZIP : PA 19301
MORTGAGE AMOUNT : 289,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,519.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.98300
----------------------------------------------------------------
0 0030950448 MORTGAGORS: WARD JOHN
WARD SIGALIT
REGION CODE ADDRESS : 310-310A LONG FELLOW AVENUE
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 392,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,743.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030950471 MORTGAGORS: RATHBUN WALTON
RATHBUN LINDA
REGION CODE ADDRESS : 13907 MENNONITE POINT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92129
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,809.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.74600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,708,100.00
P & I AMT: 12,264.17
UPB AMT: 1,707,446.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 165
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030950497 MORTGAGORS: SHEPPARD CHRISTOPHER
REGION CODE ADDRESS : 1100 ADELLA AVENUE # 31
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,929.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030950539 MORTGAGORS: MUSE LEE
MUSE SANDRA
REGION CODE ADDRESS : 28242 SAN MARCOS
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,868.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,254.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030950646 MORTGAGORS: FREEDENFELD WARREN
FREEDENFELD GLORIA
REGION CODE ADDRESS : 85-87 ATWOOD AVE
01 CITY : NEWTON
STATE/ZIP : MA 02157
MORTGAGE AMOUNT : 407,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,004.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,133.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.90100
----------------------------------------------------------------
0 0030950737 MORTGAGORS: PELON BERNARD
PELON-PUTUKIAN LISA
REGION CODE ADDRESS : 145 TRAPELO ROAD
01 CITY : LINCOLN
STATE/ZIP : MA 01773
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,280.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.66200
----------------------------------------------------------------
0 0030950760 MORTGAGORS: WOOD JASON
CRISP CANDACE
REGION CODE ADDRESS : 151 SOUTH HERMOSA AVENUE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 356,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,198.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,553.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.89900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,671,450.00
P & I AMT: 12,214.93
UPB AMT: 1,668,000.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 166
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030950778 MORTGAGORS: ASTOLFI ROBERT
ASTOLFI JENNIFER
REGION CODE ADDRESS : 1429 KENSINGTON COURT
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030951073 MORTGAGORS: LAWRENCE ROY
LAWRENCE JANET
REGION CODE ADDRESS : 52 OAKHURST ROAD
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,817.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030951081 MORTGAGORS: RAKESTRAW MICHAEL
REGION CODE ADDRESS : 330 MAGNOLIA DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,795.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 52.72700
----------------------------------------------------------------
0 0030951115 MORTGAGORS: SMITH DANIEL
SMITH SANDRA
REGION CODE ADDRESS : 17323 OSBORNE STREET
01 CITY : NORTHRIDGE AREA
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0030951149 MORTGAGORS: TUTINO JOSEPH
TUTINO JENNIFER
REGION CODE ADDRESS : 230 MARCIA WAY
01 CITY : BRIDGEWATER
STATE/ZIP : NJ 08807
MORTGAGE AMOUNT : 232,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,894.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 93.09100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,264,050.00
P & I AMT: 9,052.83
UPB AMT: 1,263,326.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 167
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030951255 MORTGAGORS: BECK GEORGE
BECK BONI
REGION CODE ADDRESS : 27201 PUEBLO NUEVO
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,299.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030951289 MORTGAGORS: CORBY GALEY
CORBY ANITA
REGION CODE ADDRESS : 24305 7TH AVENUE SOUTH
01 CITY : SEATTLE
STATE/ZIP : WA 98198
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,816.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,935.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 44.50000
----------------------------------------------------------------
0 0030951305 MORTGAGORS: FOX DANA
FOX WYNNE
REGION CODE ADDRESS : 9391 SOUTHSHORE DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,834.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.75400
----------------------------------------------------------------
0 0030951313 MORTGAGORS: MARNOCHA THOMAS
MARNOCHA HEIDI
REGION CODE ADDRESS : 9381 SOUTHSHORE DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 233,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,730.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.45100
----------------------------------------------------------------
0 0030951321 MORTGAGORS: SCHULMAN JOSEPH
SCHULMAN BARBARA
REGION CODE ADDRESS : 16050 COMET WAY
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,714.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,894.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,389,400.00
P & I AMT: 9,849.33
UPB AMT: 1,388,396.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 168
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030951529 MORTGAGORS: RUHE RICHARD
RUHE CATHERINE
REGION CODE ADDRESS : 1802 VIA SINSONTE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92027
MORTGAGE AMOUNT : 519,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 518,660.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,853.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.63600
----------------------------------------------------------------
0 0030951701 MORTGAGORS: CHAN JASON
CHAN LOIS
REGION CODE ADDRESS : 2662 CALLE ALEGRE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,759.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030951735 MORTGAGORS: HAYES VICKI
WEGER CHARLES
REGION CODE ADDRESS : 10161 WAVELL ROAD
01 CITY : FAIRFAX
STATE/ZIP : VA 22032
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,784.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,192.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 93.29200
----------------------------------------------------------------
0 0030952154 MORTGAGORS: HAKE JANET
HAKE GREGORY
REGION CODE ADDRESS : 11769 CALMAR DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 91224
MORTGAGE AMOUNT : 226,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,351.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 73.06400
----------------------------------------------------------------
0 0030952170 MORTGAGORS: WENK ROBERT
WENK BEVERLY
REGION CODE ADDRESS : 100 PATERO DE ORO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,712.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,266.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,815,500.00
P & I AMT: 13,260.01
UPB AMT: 1,814,268.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 169
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030952220 MORTGAGORS: PARTHASARATHI SANJAI
PARTHASARATHI RAMYA
REGION CODE ADDRESS : 2583 LAS PALMAS WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 229,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,034.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.97620
----------------------------------------------------------------
0 0030952246 MORTGAGORS: DIEMER DENNIS
DIEMER CONNIE
REGION CODE ADDRESS : 115 DEVONSHIRE BOULEVARD
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,758.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.44180
----------------------------------------------------------------
0 0030952576 MORTGAGORS: KEIP JOSEPH
AGNELLO SARA
REGION CODE ADDRESS : 100 HARBOR DRIVE #1204
01 CITY : SAN DIEGO
STATE/ZIP : CA 92101
MORTGAGE AMOUNT : 324,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,387.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,410.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.95000
----------------------------------------------------------------
0 0030952634 MORTGAGORS: CARATZOLA FRANK
REGION CODE ADDRESS : 13 MINUTEMAN COURT
01 CITY : BERNARDS TWP
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,845.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.73900
----------------------------------------------------------------
0 0030952709 MORTGAGORS: REDA MARK
REDA SHERYL
REGION CODE ADDRESS : 4106 E ELMWOOD STREET
01 CITY : MESA
STATE/ZIP : AZ 85205
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,834.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 82.45600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,351,800.00
P & I AMT: 9,760.59
UPB AMT: 1,350,860.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 170
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030952873 MORTGAGORS: BRAND STEPHEN
REGION CODE ADDRESS : 4405 FOXHOLLOW COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,751.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,821.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030952964 MORTGAGORS: DENARDIN THOMAS
DENARDIN PATRICIA
REGION CODE ADDRESS : 4328 E. 110TH
01 CITY : TULSA
STATE/ZIP : OK 74137
MORTGAGE AMOUNT : 235,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0030952972 MORTGAGORS: MOORE BRIAN
MOORE DANIELLE
REGION CODE ADDRESS : 13317 WYNGATE POINT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 417,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,908.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,991.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030952980 MORTGAGORS: MARCHI MICHAEL
REGION CODE ADDRESS : 3621 DEER TRAIL DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 559,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 558,036.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,632.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/17
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.54700
----------------------------------------------------------------
0 0030952998 MORTGAGORS: NEWTON DOUGLAS
NEWTON SHARON
REGION CODE ADDRESS : 16540 NORTH WOODSON DRIVE
01 CITY : RAMONA
STATE/ZIP : CA 92065
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,580.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,887,600.00
P & I AMT: 14,290.51
UPB AMT: 1,885,377.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 171
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030953111 MORTGAGORS: MALLAMACI JOHN
MALLAMACI CARMEN
REGION CODE ADDRESS : 18 STIRLING TERRACE
01 CITY : TOTOWA
STATE/ZIP : NJ 07512
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030953152 MORTGAGORS: HABBE ROBERT
HABBE NANCY
REGION CODE ADDRESS : 8091 LOTTIE AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89129
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030953202 MORTGAGORS: DAVENPORT RAYMOND
DAVENPORT MARTHA
REGION CODE ADDRESS : 161 NOE AVENUE
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,986.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.25600
----------------------------------------------------------------
0 0030953301 MORTGAGORS: OROZCO LEO
OROZCO MARIA
REGION CODE ADDRESS : 14492 LINDEN AVENUE
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 245,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,824.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.34500
----------------------------------------------------------------
0 0030953418 MORTGAGORS: KALINA ROBERT
KALINA JEANNE
REGION CODE ADDRESS : 108 NORTHWOOD ROAD
01 CITY : FAIRFIELD
STATE/ZIP : CT 06432
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,845.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 54.21600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,252,700.00
P & I AMT: 9,040.51
UPB AMT: 1,252,367.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 172
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030953509 MORTGAGORS: BAKER ANDUS
MURPHY ROWAN
REGION CODE ADDRESS : 22 GURNEY STREET
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
MORTGAGE AMOUNT : 481,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 481,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,284.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030953640 MORTGAGORS: JACHTER DAVID
JACHTER KAREN
REGION CODE ADDRESS : 902 DOWLING COURT
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030953665 MORTGAGORS: ROSENBLUM JEFFREY
ROSENBLUM LEONOR
REGION CODE ADDRESS : 104 WISTERIA LANE
01 CITY : MEDIA
STATE/ZIP : PA 19063
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,713.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,016.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.93400
----------------------------------------------------------------
0 0030953830 MORTGAGORS: KIRBY CLARK
REGION CODE ADDRESS : 31991 VIA PAVO REAL
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 364,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,236.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030953855 MORTGAGORS: SELIGMAN HYATT
SELIGMAN ROBIN
REGION CODE ADDRESS : 6843 EAST HIDDEN OAKS LANE
01 CITY : ORANGE
STATE/ZIP : CA 92667
MORTGAGE AMOUNT : 400,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,509.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,836.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.12800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,915,600.00
P & I AMT: 13,485.34
UPB AMT: 1,914,759.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 173
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030953913 MORTGAGORS: ZEVALLOS LEONARDO
ZEVALLOS LORA
REGION CODE ADDRESS : 26 KENNEDY COURT
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 367,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,493.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.97500
----------------------------------------------------------------
0 0030953996 MORTGAGORS: WILSON DAN
WILSON NANCY
REGION CODE ADDRESS : 4341 EAST REGENCY AVE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 405,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,306.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,870.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030954002 MORTGAGORS: KUPERSMITH ROY
KUPERSMITH ADRIANA
REGION CODE ADDRESS : 20616 CHERRY WOOD COURT
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 314,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,342.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.65300
----------------------------------------------------------------
0 0030954028 MORTGAGORS: PETERSON MARK
PETERSON LAURA
REGION CODE ADDRESS : 2384 OLD RANCH ROAD
01 CITY : ESCONDIGO
STATE/ZIP : CA 92027
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,636.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98000
----------------------------------------------------------------
0 0030954044 MORTGAGORS: AKIYAMA DENNY
REGION CODE ADDRESS : 300 36TH STREET
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,816.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,935.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.70100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,617,400.00
P & I AMT: 11,602.84
UPB AMT: 1,615,595.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 174
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030954085 MORTGAGORS: KINGMA DIRK
KINGMA KITTY
REGION CODE ADDRESS : 1821 CAMINITO MONROVIA
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 381,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,950.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,830.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 69.30900
----------------------------------------------------------------
0 0030954101 MORTGAGORS: STALEY JOHN
GALLAGHER CONSTANCE
REGION CODE ADDRESS : 17214 SAINT ANDREWS DRIVE
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 267,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,116.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,938.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030954119 MORTGAGORS: AUERABACH ARTHUR
AUERBACH KRISTAN
REGION CODE ADDRESS : 1412 SEA RIDGE DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,710.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,937.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.54500
----------------------------------------------------------------
0 0030954192 MORTGAGORS: CAPE RANDALL
CAPE MARIE
REGION CODE ADDRESS : 5912 WEDGEWOOD DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.46300
----------------------------------------------------------------
0 0030954200 MORTGAGORS: IRITANI ROBERT
IRITANI SUSAN
REGION CODE ADDRESS : 11682 NEWBURY ROAD
01 CITY : ROSSMOOR AREA
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 333,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,358.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,361.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,892,100.00
P & I AMT: 13,563.09
UPB AMT: 1,891,135.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 175
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030954283 MORTGAGORS: CHU SHINE
CHAO CHU PATIENCE
REGION CODE ADDRESS : 1318 GLENMOOR WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,765.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,568.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.89700
----------------------------------------------------------------
0 0030954341 MORTGAGORS: ARAUJO GLEN
ARAUJO CAROL
REGION CODE ADDRESS : 216 BOOTH BAY AVENUE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,801.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030954416 MORTGAGORS: FISCHER MICHAEL
FISCHER SANDRA
REGION CODE ADDRESS : 19472 JASPER HILL ROAD
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,430.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030954424 MORTGAGORS: SHELLOW ROY
SHELLOW EVA
REGION CODE ADDRESS : 16830 BAJIO ROAD
01 CITY : ENCINO
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,554.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,195.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.15700
----------------------------------------------------------------
0 0030954432 MORTGAGORS: ERMAN RUSS
ERMAN ANAT
REGION CODE ADDRESS : 4625 WINNETKA CIRCLE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,721.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,829.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.94900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,886,600.00
P & I AMT: 13,546.03
UPB AMT: 1,885,273.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 176
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030954465 MORTGAGORS: LIN RICHARD
HOOI LORRAINE
REGION CODE ADDRESS : 30 ST TROPEZ COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,833.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,754.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.22000
----------------------------------------------------------------
0 0030954572 MORTGAGORS: GABRIELE CARMEN
GABRIELLE RENEE
REGION CODE ADDRESS : 2800 SALINAS ROAD
01 CITY : SAN JUAN BAUTISTA
STATE/ZIP : CA 95045
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,666.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/25
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030954606 MORTGAGORS: ROSS STEVE
ROSS JANET
REGION CODE ADDRESS : 5330 CAMINITO EXQUISITO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 281,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,030.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.96600
----------------------------------------------------------------
0 0030954614 MORTGAGORS: NACKE ROBERT
NACKE ALBERTA
REGION CODE ADDRESS : 145 SCHUBERT PATH
01 CITY : CARDIFF
STATE/ZIP : CA 92007
MORTGAGE AMOUNT : 265,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,012.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 39.87900
----------------------------------------------------------------
0 0030954622 MORTGAGORS: STRUHL DAVID
STRUHL MINE
REGION CODE ADDRESS : 7816 AGNEN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,837.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,346,850.00
P & I AMT: 9,744.32
UPB AMT: 1,344,381.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 177
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030954630 MORTGAGORS: CAMPBELL DAVID
DANG DEBORAH
REGION CODE ADDRESS : 1 KOFMAN COURT
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,546.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030954648 MORTGAGORS: BROCOFF ROBERT
BROCOFF LESLIE
REGION CODE ADDRESS : 10422 DEL NORTE WAY
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,502.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030954655 MORTGAGORS: LAAKSONEN PAUL
LAAKSONEN SHERRI
REGION CODE ADDRESS : 2540 HORTON DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 287,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,271.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,011.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
0 0030954663 MORTGAGORS: GIUROIU HORIA
GIUROIU MONICA
REGION CODE ADDRESS : 2255 FENIAN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 231,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,413.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030954838 MORTGAGORS: ALSBRO STEVEN
ALSBRO KELLY
REGION CODE ADDRESS : 960 HOLLOW CORNERS COURT
01 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48307
MORTGAGE AMOUNT : 278,790.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,583.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,949.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.88400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,478,240.00
P & I AMT: 10,504.09
UPB AMT: 1,476,317.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 178
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030954929 MORTGAGORS: KASHIMA MYRON
KASHIMA PAMELA
REGION CODE ADDRESS : 8335 BRITTANY DRIVE
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.17900
----------------------------------------------------------------
0 0030954945 MORTGAGORS: MARINO JOSEPH
SPOONER DENISE
REGION CODE ADDRESS : 635 WEST 10TH STREET
01 CITY : CLAREMONT
STATE/ZIP : CA 91711
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030955009 MORTGAGORS: BLACKWELL EDDIE
BLACKWELL KAREN
REGION CODE ADDRESS : 162 INWOOD TRAIL
01 CITY : MADISON
STATE/ZIP : AL 35758
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,831.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.54000
----------------------------------------------------------------
0 0030955132 MORTGAGORS: YU KA LAM
YU ANNA
REGION CODE ADDRESS : 2828 BENTLEY WAY
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,565.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,246.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.85600
----------------------------------------------------------------
0 0030955165 MORTGAGORS: WAUGH PETER
WAUGH CHRISTINE
REGION CODE ADDRESS : 1901 SOMERSET LANE
01 CITY : WHEATON
STATE/ZIP : IL 60187
MORTGAGE AMOUNT : 236,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,510.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,590,700.00
P & I AMT: 11,284.67
UPB AMT: 1,589,907.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 179
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030955181 MORTGAGORS: HENNESSY EDWARD
HENNESSY PEGGY
REGION CODE ADDRESS : 104 SAGEBRUSH LANE
01 CITY : BUCHANAN DAM
STATE/ZIP : TX 78609
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,810.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 44.71500
----------------------------------------------------------------
0 0030955223 MORTGAGORS: WITKOWSKI A.
WITKOWSKI LORRI
REGION CODE ADDRESS : 26 EAST BATES CANYON ROAD
01 CITY : ERDA
STATE/ZIP : UT 84074
MORTGAGE AMOUNT : 234,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,230.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,659.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030955256 MORTGAGORS: HAWARI ANDY
HAWARI DEBRA
REGION CODE ADDRESS : 37 WOODLAND EAST
01 CITY : MINEOLA
STATE/ZIP : TX 75773
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,832.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.75700
----------------------------------------------------------------
0 0030955306 MORTGAGORS: HANSEN BRADLEY
HANSEN BARBARA
REGION CODE ADDRESS : 6040 NORTH 3RD STREET
01 CITY : PHOENIX
STATE/ZIP : AZ 85012
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.22500
----------------------------------------------------------------
0 0030955363 MORTGAGORS: CAMACHO ERNIE
CAMACHO BINA
REGION CODE ADDRESS : 4370 DEL MONTE AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92107
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 55.20833
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,323,400.00
P & I AMT: 9,599.87
UPB AMT: 1,322,873.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 180
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030955462 MORTGAGORS: MCCORMICK EDWARD
MCCORMICK ANN
REGION CODE ADDRESS : 6331 HIDDEN CANYON ROAD
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,554.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0030955546 MORTGAGORS: HONG MARGARET
REGION CODE ADDRESS : 1709 12TH STREET
01 CITY : ANACORTES
STATE/ZIP : WA 98221
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,936.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 751.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030955744 MORTGAGORS: NIEH BILL
NIEH WENDY
REGION CODE ADDRESS : 29040 WARNICK ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.97500
----------------------------------------------------------------
0 0030955900 MORTGAGORS: MADDEN DON
REGION CODE ADDRESS : 2807 BARKLEY LANE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 223,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,891.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030956171 MORTGAGORS: GERTLER JEFFREY
GERTLER ALICIA
REGION CODE ADDRESS : 33 POMEROY ROAD
01 CITY : MADISON BOROUGH
STATE/ZIP : NJ 07940
MORTGAGE AMOUNT : 339,199.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,199.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,430.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.49800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,137,399.00
P & I AMT: 8,123.21
UPB AMT: 1,136,846.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 181
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030956387 MORTGAGORS: NEW WILLIAM
NEW TOULA
REGION CODE ADDRESS : 10910 N 123RD STREET
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 228,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,650.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030956403 MORTGAGORS: NGUYEN ANDREW
NGUYEN THUY
REGION CODE ADDRESS : 1609 COUNTRY CLUB DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,691.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,248.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030956478 MORTGAGORS: JONES TIMOTHY
JONES DEBRA
REGION CODE ADDRESS : 5788 ARLENE WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030956577 MORTGAGORS: PEARSON STEVEN
SMITH PAMELA
REGION CODE ADDRESS : 27321 CLOVERLY DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 324,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,676.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,355.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030956684 MORTGAGORS: TORRES JOSE
TORRES ROSA
REGION CODE ADDRESS : 16124 LA LINDURA DRIVE
01 CITY : WHITTIER
STATE/ZIP : CA 90603
MORTGAGE AMOUNT : 431,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,674.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,245.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,721,650.00
P & I AMT: 12,586.44
UPB AMT: 1,720,693.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 182
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030956742 MORTGAGORS: ZIERS PENNI
REGION CODE ADDRESS : 7277 WOODROW WILSON DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,801.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.39700
----------------------------------------------------------------
0 0030956866 MORTGAGORS: MILETICH JANICE
REGION CODE ADDRESS : 780 HAVANA AVE
01 CITY : LONG BEACH
STATE/ZIP : CA 90804
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,620.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030956874 MORTGAGORS: HAVELES JONATHAN
HAVELES JODI
REGION CODE ADDRESS : 6476 LA PETITE PLACE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20121
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,660.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030956882 MORTGAGORS: PERETTI ROGER
PERETTI SUSAN
REGION CODE ADDRESS : 25755 MC DEEDS LANE
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,597.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030956916 MORTGAGORS: BUEHLER STEVEN
BUEHLER LAURI
REGION CODE ADDRESS : 6842 CIRCO DIEGUENO COURT
01 CITY : RANCHO SANTA FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 618,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 617,895.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,486.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,691,750.00
P & I AMT: 12,175.93
UPB AMT: 1,689,576.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 183
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030956924 MORTGAGORS: LEVY MICHAEL
LEVY HELOISE
REGION CODE ADDRESS : 131 YGNACIO CT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,671.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.59800
----------------------------------------------------------------
0 0030956940 MORTGAGORS: PERRIEN DAMIAN
PERRIEN KELLE
REGION CODE ADDRESS : 35583 MISSION BLVD
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,606.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.25000
----------------------------------------------------------------
0 0030956965 MORTGAGORS: HEITZMAN HAROLD
HEITZMAN MARCIA
REGION CODE ADDRESS : 18 POINTE
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 380,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,374.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,761.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030956973 MORTGAGORS: GAGLIONE ROBERT
GAGLIONE DANNEEL
REGION CODE ADDRESS : 5329 RUETTE DE MER
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 264,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,574.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0030956999 MORTGAGORS: ORTOLANI C.
ORTOLANI JENNIFER
REGION CODE ADDRESS : 3007 213TH STREET SOUTHEAST
01 CITY : BOTHELL
STATE/ZIP : WA 98021
MORTGAGE AMOUNT : 278,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,715.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,446,950.00
P & I AMT: 10,468.47
UPB AMT: 1,444,942.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 184
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030957005 MORTGAGORS: DYNE RICHARD
DYNE CATHERINE
REGION CODE ADDRESS : 25825 PLANTING FIELD DR
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,522.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.04300
----------------------------------------------------------------
0 0030957013 MORTGAGORS: FUREN HERMAN
FUREN KATHY
REGION CODE ADDRESS : 11110 HISKEY LANE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 235,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,816.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0030957120 MORTGAGORS: MATTHEWS SHELTON
MATTHEWS CHERYL
REGION CODE ADDRESS : 10006 TOBY ROAD
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,396.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030957138 MORTGAGORS: SPIRA MICHAEL
SPIRA SUMATI
REGION CODE ADDRESS : 2 BLUEBERRY COURT
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 54.54500
----------------------------------------------------------------
0 0030957294 MORTGAGORS: KOCH CHRISTOPHER
LENTZ KYLE
REGION CODE ADDRESS : 200 BLACKHAWK ROAD
01 CITY : RIVERSIDE
STATE/ZIP : IL 60546
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,432.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,395,350.00
P & I AMT: 10,013.14
UPB AMT: 1,394,167.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 185
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030957419 MORTGAGORS: MEISWINKEL KURT
BRANAGAN SUSAN
REGION CODE ADDRESS : 2122 HOOVER COURT
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94573
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,829.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030957641 MORTGAGORS: MC ANALLY DOUGLAS
MC ANALLY LINDA
REGION CODE ADDRESS : 1709 MOHLE DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78703
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,347.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030957880 MORTGAGORS: STONEHOUSE STEPHEN
STONEHOUSE GAIL
REGION CODE ADDRESS : 1353 BEAUMONT DRIVE
01 CITY : GLADWYNE
STATE/ZIP : PA 19035
MORTGAGE AMOUNT : 637,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 637,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,563.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.05200
----------------------------------------------------------------
0 0030958169 MORTGAGORS: CHEN KUAN
CHEN YU
REGION CODE ADDRESS : 861 SAN SIMEON ROAD
01 CITY : ARCADIA
STATE/ZIP : CA 91007
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,793.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 57.41600
----------------------------------------------------------------
0 0030958177 MORTGAGORS: BITONTI DONNA
REGION CODE ADDRESS : 1740 EAST BEAUBIEN DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85024
MORTGAGE AMOUNT : 229,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,867.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,640,700.00
P & I AMT: 11,823.20
UPB AMT: 1,639,837.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 186
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030958326 MORTGAGORS: QUINN MICHAEL
QUINN DONALEE
REGION CODE ADDRESS : 10280 W.HINSDALE COURT
01 CITY : BOISE
STATE/ZIP : ID 83074
MORTGAGE AMOUNT : 260,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030958375 MORTGAGORS: REBMANN R.
SCIACCA LISA
REGION CODE ADDRESS : 1033 84TH STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11228
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030958482 MORTGAGORS: SALYERS LONNIE
SALYERS DONNA
REGION CODE ADDRESS : 518 OAKHAMPTON STREET
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 592,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 592,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,195.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030958599 MORTGAGORS: CONRAD DAVID
CONRAD AMY
REGION CODE ADDRESS : 3055 NORTH RED MOUNTAIN #118
01 CITY : MESA
STATE/ZIP : AZ 85207
MORTGAGE AMOUNT : 237,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,777.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0030958656 MORTGAGORS: ENNIS VICTOR
ENSLEY CARI
REGION CODE ADDRESS : 659 BRIARWOOD DRIVE
01 CITY : BREA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,597,250.00
P & I AMT: 11,348.39
UPB AMT: 1,597,077.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 187
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030958847 MORTGAGORS: LANGE ROBERT
LANGE KAREN
REGION CODE ADDRESS : 3320 W. DAYBREAKER DRIVE
01 CITY : PARK CITY
STATE/ZIP : UT 84098
MORTGAGE AMOUNT : 382,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,841.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 69.07900
----------------------------------------------------------------
0 0030958888 MORTGAGORS: HANSAN ROBERT
HANSAN ALISON
REGION CODE ADDRESS : 11306 STONELEDGE COURT
01 CITY : RESTON
STATE/ZIP : VA 20191
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,619.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030959027 MORTGAGORS: SHERMAN RICHARD
REGION CODE ADDRESS : 2010 LA BREA TERRACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 535,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 534,650.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,972.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 61.84900
----------------------------------------------------------------
0 0030959068 MORTGAGORS: RAMSAY JANICE
REGION CODE ADDRESS : 4421 HENLEY COURT
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 271,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,608.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030959092 MORTGAGORS: LEYBA CHISTOPHER
LEYBA CHERYL
REGION CODE ADDRESS : 4933 GATEFALL CT
01 CITY : LAS VEGAS
STATE/ZIP : NV 89129
MORTGAGE AMOUNT : 251,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,002.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 89.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,940,800.00
P & I AMT: 14,169.09
UPB AMT: 1,939,579.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 188
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030959118 MORTGAGORS: BUCHANAN JOHN
BUCHANAN PATRICIA
REGION CODE ADDRESS : 5108 BELLERIVE DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,765.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030959217 MORTGAGORS: ROSS RAYMOND
ROSS BRENDA
REGION CODE ADDRESS : 10586 CANTERBERRY ROAD
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 473,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 473,245.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,436.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.82800
----------------------------------------------------------------
0 0030959225 MORTGAGORS: NELSON CHARLES
REGION CODE ADDRESS : 5325 HANGING CLIFF COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78759
MORTGAGE AMOUNT : 232,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,910.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030959233 MORTGAGORS: THOMAS RADCLIFFE
THOMAS MARJORIE
REGION CODE ADDRESS : 7101 CARLISLE CT
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 373,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,584.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,705.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
0 0030959241 MORTGAGORS: ALTON DAVID
ALTON JANINE
REGION CODE ADDRESS : 3567 FIR HOLLOW COURT
01 CITY : SANTA ROSA
STATE/ZIP : CA 95043
MORTGAGE AMOUNT : 275,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,915.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,018.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,686,300.00
P & I AMT: 12,303.32
UPB AMT: 1,684,421.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 189
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030959266 MORTGAGORS: SALIH MARK
REGION CODE ADDRESS : 208 SAN BENANCIO CANYON RD
01 CITY : SALINAS
STATE/ZIP : CA 93908
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,837.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030959274 MORTGAGORS: BUTLER THOMAS
BUTLER FRANCES
REGION CODE ADDRESS : 818 AVENIDA SALVADOR
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,504.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,700.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030959282 MORTGAGORS: SMITH DOUGLAS
SMITH LENDA
REGION CODE ADDRESS : 3334 WILLOW STREET
01 CITY : SANTA YNEZ
STATE/ZIP : CA 93460
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,069.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,344.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030959308 MORTGAGORS: PEREZ JUAN
PEREZ AMY
REGION CODE ADDRESS : 28055 NORTH LIANA LANE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,685.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,305.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.60424
----------------------------------------------------------------
0 0030959357 MORTGAGORS: BEST RODNEY
BEST ANDREA
REGION CODE ADDRESS : 7415 HANNUM AVENUE
01 CITY : CULVER CITY
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 234,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,499.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,338,300.00
P & I AMT: 9,824.91
UPB AMT: 1,336,597.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 190
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030959381 MORTGAGORS: HARPER GRACE
REGION CODE ADDRESS : 15059 AVENIDA DEL MONTE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 248,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,589.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030959407 MORTGAGORS: HARVEY GLEN
GURR WOLFGANG
REGION CODE ADDRESS : 70 ZANDER DR
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,434.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,081.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030959415 MORTGAGORS: WILLIAMS DAVID
REGION CODE ADDRESS : 14 FORTUNA WEST
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,805.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030959431 MORTGAGORS: CLARK FOREST
CLARK LINNETTE
REGION CODE ADDRESS : 1015 EAST SANTA ANITA AVE
01 CITY : BURBANK
STATE/ZIP : CA 91501
MORTGAGE AMOUNT : 221,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,139.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,566.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.97800
----------------------------------------------------------------
0 0030959456 MORTGAGORS: HA ANTHONY
HA JESSICA
REGION CODE ADDRESS : 15 SANTA EUGENIA STREET
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,200.00
P & I AMT: 10,050.05
UPB AMT: 1,390,791.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 191
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030959563 MORTGAGORS: COOK CRAIG
COOK SHARON
REGION CODE ADDRESS : 9799 CRYSTAL RIDGE DRIVE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92026
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 40.50600
----------------------------------------------------------------
0 0030959597 MORTGAGORS: SAADATNEJADI HAMIDREZA
SAADATNEJADI LAN
REGION CODE ADDRESS : 2734 CALLE AVENTURA
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 316,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,282.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,294.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.60400
----------------------------------------------------------------
0 0030959605 MORTGAGORS: GASKINS JAMES
GASKINS VICKIE
REGION CODE ADDRESS : 13732 RUSHMORE LANE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,830.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.50000
----------------------------------------------------------------
0 0030959621 MORTGAGORS: COOPER WILLIAM
COOPER KAREN
REGION CODE ADDRESS : 5530 VAN GOGH WAY
01 CITY : YORBA LINDA
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,833.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.66600
----------------------------------------------------------------
0 0030959738 MORTGAGORS: CHEN FUAN
CHEN CHIAO
REGION CODE ADDRESS : 12735 QUEENSBOROUGH ST
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 351,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,727.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,576.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,700.00
P & I AMT: 10,583.75
UPB AMT: 1,468,673.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 192
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030959746 MORTGAGORS: LU JANE
AU HUNG
REGION CODE ADDRESS : 309 LOS PINOS WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95119
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,675.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,976.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030959878 MORTGAGORS: BAILEY BRIAN
SHREIBER POLA
REGION CODE ADDRESS : 27838 RON RIDGE DR
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 268,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,555.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0030959894 MORTGAGORS: CHOU JOE
TSUI CHRISTINA
REGION CODE ADDRESS : 45751 CHABLIS CT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,540.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,598.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0030959902 MORTGAGORS: MOORE DENNIS
MOORE DIANE
REGION CODE ADDRESS : 63 TIMBERLAND
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,858.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.97800
----------------------------------------------------------------
0 0030959928 MORTGAGORS: KESTLER WILLIAM
KESTLER ELIZABETH
REGION CODE ADDRESS : 927 LYNN COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 241,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,783.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.97900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,387,200.00
P & I AMT: 10,392.66
UPB AMT: 1,385,413.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 193
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030959936 MORTGAGORS: UMANZIO ROY
UMANZIO MICHELLE
REGION CODE ADDRESS : 5605 SUNDOWN LANE
01 CITY : TRES PINOS
STATE/ZIP : CA 95075
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,391.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,316.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030959944 MORTGAGORS: BRADLEY RICHARD
BRADLEY CHRISTINE
REGION CODE ADDRESS : 25747 MC DEEDS LANE
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 312,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,918.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0030959951 MORTGAGORS: WEINER RICHARD
WEINER ANGELA
REGION CODE ADDRESS : 907 TEMPLE VIEW DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89110
MORTGAGE AMOUNT : 295,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,152.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0030960009 MORTGAGORS: VIKLUND LARS
VIKLUND KELLY
REGION CODE ADDRESS : 1820 JOHN STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,628.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.24800
----------------------------------------------------------------
0 0030960082 MORTGAGORS: PETERSON KARL
REGION CODE ADDRESS : 10101 ORCAS AVE
01 CITY : SUNLAND
STATE/ZIP : CA 91040
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,833.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,807,900.00
P & I AMT: 13,065.84
UPB AMT: 1,805,924.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 194
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030960454 MORTGAGORS: MULHOLLAND LIAM
REGION CODE ADDRESS : 4 FIR AVENUE
01 CITY : WOODACRE
STATE/ZIP : CA 94973
MORTGAGE AMOUNT : 174,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 174,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,276.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.92300
----------------------------------------------------------------
0 0030960553 MORTGAGORS: FODRIE STEVEN
REGION CODE ADDRESS : 4214 LAKECREST DRIVE
01 CITY : MISSOURI CITY
STATE/ZIP : TX 77459
MORTGAGE AMOUNT : 278,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,498.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0030960959 MORTGAGORS: CHUCK MATTHEW
CHUCK JEANETTE
REGION CODE ADDRESS : 2837 REGINA AVENUE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,331.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030961346 MORTGAGORS: FERDINANDI JOHN
FERDINANDI CHRISTINE
REGION CODE ADDRESS : 5301 WILLOW LANE
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,748.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,463.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030961445 MORTGAGORS: BYRD BRYAN
BYRD ALEXANDRA
REGION CODE ADDRESS : 13003 SHANEYBROOK CIRCLE
01 CITY : REISTERSTOWN
STATE/ZIP : MD 21136
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,757.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,464.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.97600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,383,200.00
P & I AMT: 9,885.61
UPB AMT: 1,382,335.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 195
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030961460 MORTGAGORS: NGUYEN GIA
NGUYEN CHAU
REGION CODE ADDRESS : 5008 WHISPER WILLOW DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 250,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,604.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030961593 MORTGAGORS: DOLCE AMY
REGION CODE ADDRESS : 8 BENTLEY DRIVE
01 CITY : FRANKLIN LAKES
STATE/ZIP : NJ 07417
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030961676 MORTGAGORS: DIXON DAVID
DIXON MARY
REGION CODE ADDRESS : 100 BELLFLOWER WAY
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,829.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.62600
----------------------------------------------------------------
0 0030961692 MORTGAGORS: DISTELMAN HOWARD
FRANK ELLEN
REGION CODE ADDRESS : 371 BARTLETT DRIVE
01 CITY : MADISON
STATE/ZIP : CT 06443
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,996.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030961726 MORTGAGORS: FARNSWORTH JOE
FARNSWORTH SHARANETTE
REGION CODE ADDRESS : 3940 EAST FORGE AVENUE
01 CITY : MESA
STATE/ZIP : AZ 85206
MORTGAGE AMOUNT : 258,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,126.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,895.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,331,300.00
P & I AMT: 9,407.54
UPB AMT: 1,330,557.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 196
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030962104 MORTGAGORS: DAVIS NORMAN
DAVIS MARY
REGION CODE ADDRESS : 13871 GLENMERE LANE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,822.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.72900
----------------------------------------------------------------
0 0030962138 MORTGAGORS: YAN TIAN
REGION CODE ADDRESS : 2168 CEYNOWA LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,002.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,000.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030962153 MORTGAGORS: DRILL EUGENE
DRILL IRINA
REGION CODE ADDRESS : 19537 KILFINAN STREET
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,820.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030962187 MORTGAGORS: ROSALES RUBEN
ROSALES OLGA
REGION CODE ADDRESS : 4577 GOLF COURSE DRIVE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,718.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,555.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030962260 MORTGAGORS: BANDHAUER MARK
BANDHAUER KATRIN
REGION CODE ADDRESS : 6421 EAST SHADY VALLEY LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,822.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,935.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 77.64700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,200.00
P & I AMT: 10,117.04
UPB AMT: 1,418,186.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 197
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030962310 MORTGAGORS: WIPPICH DAVID
WIPPICH SUSAN
REGION CODE ADDRESS : 1143 CALBORO DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,830.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030962336 MORTGAGORS: FOX JEFFREY
FOX KIM
REGION CODE ADDRESS : 3811 VIA MANZANA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 417,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,190.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,919.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.52300
----------------------------------------------------------------
0 0030962385 MORTGAGORS: PURNELL MARGARET
REGION CODE ADDRESS : 244 W LODGEPOLE #11
01 CITY : DILLION
STATE/ZIP : CO 80435
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,934.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 742.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 52.35600
----------------------------------------------------------------
0 0030962419 MORTGAGORS: LYSS ROBERT
REGION CODE ADDRESS : 2330 DUANE STREET #201
01 CITY : LOS ANGELES
STATE/ZIP : CA 90039
MORTGAGE AMOUNT : 221,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,059.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.97900
----------------------------------------------------------------
0 0030962427 MORTGAGORS: JACKSON DONALD
HENRY-JACKSON SCHERYLE
REGION CODE ADDRESS : 6 VIA BERNADO
01 CITY : RANCHO SANTA MARGARITA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 259,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,541.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,250,750.00
P & I AMT: 9,037.03
UPB AMT: 1,249,555.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 198
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030962435 MORTGAGORS: DEBRUYN RUDOLF
REGION CODE ADDRESS : 2647 CAPELLA WAY
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 282,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,319.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,074.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.97200
----------------------------------------------------------------
0 0030962443 MORTGAGORS: EKRUT KERRY
EKRUT MAUREEN
REGION CODE ADDRESS : 4016 BROOKS COURT
01 CITY : HIGHLAND VILLAGE
STATE/ZIP : TX 75067
MORTGAGE AMOUNT : 224,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,097.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.97900
----------------------------------------------------------------
0 0030962450 MORTGAGORS: LEE KEVIN
LEE JANICE
REGION CODE ADDRESS : 432 VIA EL CHICO
01 CITY : TORRANCE
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,468.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,898.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.99800
----------------------------------------------------------------
0 0030962468 MORTGAGORS: HAZELITT MARIANNE
REGION CODE ADDRESS : 6532 ISOLATED AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89110
MORTGAGE AMOUNT : 240,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,007.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.98700
----------------------------------------------------------------
0 0030962476 MORTGAGORS: NOVAK MARK
NOVAK MARY
REGION CODE ADDRESS : 13132 VALEWOOD ROAD
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,274.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,384,100.00
P & I AMT: 10,240.52
UPB AMT: 1,382,167.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 199
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030962484 MORTGAGORS: STIPO GERALD
STIPO LINDA
REGION CODE ADDRESS : 23354 TIMBERLANE DRIVE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 221,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,466.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,665.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0030962492 MORTGAGORS: JOSEPH DAVID
JOSEPH LISA
REGION CODE ADDRESS : 300 ENDLECH DRIVE
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,401.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,385.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0030962500 MORTGAGORS: WACHHOLDER ROBERT
REGION CODE ADDRESS : 2689 DAKOTA CIRCLE
01 CITY : WEST PALM BEACH
STATE/ZIP : FL 33409
MORTGAGE AMOUNT : 363,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,372.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,701.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030962526 MORTGAGORS: MCTERNAN COLIN
REGION CODE ADDRESS : 804 SETHFIELD PLACE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 261,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,707.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,938.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0030962534 MORTGAGORS: MARANDI-GHODOUSI MOHAMMAD
YOUSSEFI-GHODOUSI SOHAILA
REGION CODE ADDRESS : 3013 SCENIC HEIGHTS WAY
01 CITY : CARMICHAEL
STATE/ZIP : CA 95608
MORTGAGE AMOUNT : 226,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,436.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,529,400.00
P & I AMT: 11,335.70
UPB AMT: 1,527,384.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 200
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030962542 MORTGAGORS: RIFFE GARY
KISKINIS GARRY
REGION CODE ADDRESS : 3544 COLMAR QUARTER
01 CITY : NORFOLK
STATE/ZIP : VA 23509
MORTGAGE AMOUNT : 233,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,585.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.30888
----------------------------------------------------------------
0 0030962559 MORTGAGORS: QUIOGUE LAMBERTO
QUIOGUE LORNA
REGION CODE ADDRESS : 2882 SWEET LEAF COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 251,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,278.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.85700
----------------------------------------------------------------
0 0030962567 MORTGAGORS: BYRNER MAUREEN
REGION CODE ADDRESS : 4927 WHITE COURT
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 299,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,138.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.89400
----------------------------------------------------------------
0 0030962583 MORTGAGORS: OLGUIN LAURA
REGION CODE ADDRESS : 1035 SOUTH MILES COURT
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 282,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,509.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98200
----------------------------------------------------------------
0 0030962591 MORTGAGORS: VAN WIJK PETER
SANTOS ARLETE
REGION CODE ADDRESS : 3534 CRYSTAL COURT
01 CITY : MIAMI
STATE/ZIP : FL 33133
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,648.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,328,750.00
P & I AMT: 9,717.41
UPB AMT: 1,327,159.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 201
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030962617 MORTGAGORS: JAMES PAUL
JAMES JANET
REGION CODE ADDRESS : 2321 MIRA VISTA DRIVE
01 CITY : EL CERRITO
STATE/ZIP : CA 94530
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,705.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030962625 MORTGAGORS: LUTZ WILLIAM
LUTZ P
REGION CODE ADDRESS : 2223 NORTH WISTERIA LANE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 328,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,007.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,410.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
0 0030962641 MORTGAGORS: RIGNEY ERIC
RIGNEY LESLIE
REGION CODE ADDRESS : 7310 MC COOL AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,366.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030962666 MORTGAGORS: FREEMAN TAMMERA
FREEMAN ANTHONY
REGION CODE ADDRESS : 4925 RIO PINOS DRIVE
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,668.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.15700
----------------------------------------------------------------
0 0030962674 MORTGAGORS: TRAN LONG
BUI CHRISTIE
REGION CODE ADDRESS : 3272 CHATEAU DU LAC
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 263,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,195.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,296,000.00
P & I AMT: 9,487.43
UPB AMT: 1,293,944.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 202
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030962732 MORTGAGORS: MINNERY BRUCE
MINNERY CYNTHIA
REGION CODE ADDRESS : 1733 BIRCHWOOD DR
01 CITY : SAN MARCOS
STATE/ZIP : CA 92069
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,541.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030962740 MORTGAGORS: BROWN JESS
BROWN LAURA
REGION CODE ADDRESS : 815 VISTA DEL MAR DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 381,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,729.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.98000
----------------------------------------------------------------
0 0030962815 MORTGAGORS: ANDERSON TAD
GAINES ELLEN
REGION CODE ADDRESS : 3236 STERNE STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,798.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.99500
----------------------------------------------------------------
0 0030962823 MORTGAGORS: DIMSDALE ROBERT
VACURA JEAN
REGION CODE ADDRESS : 5132 VIA PAPEL
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,852.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030962898 MORTGAGORS: ROLAND WILLIAM
MCCABE REGINA
REGION CODE ADDRESS : 328 TWENTY-SECOND STREET
01 CITY : HUNTINGDON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,481,500.00
P & I AMT: 10,763.01
UPB AMT: 1,480,691.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 203
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030963086 MORTGAGORS: INFUSO GLEN
INFUSO ROBIN
REGION CODE ADDRESS : 29000 WOODCREEK COURT
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,811.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,061.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.60300
----------------------------------------------------------------
0 0030963201 MORTGAGORS: WEISS ROBERT
WEISS JOYCE
REGION CODE ADDRESS : 48 GREENLEA LANE
01 CITY : WESTON
STATE/ZIP : CT 06883
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,616.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,643.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/22
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 51.09400
----------------------------------------------------------------
0 0030963235 MORTGAGORS: NICKOLAS NICHOLAS
NICKOLAS SHEILA
REGION CODE ADDRESS : 2914 NEEDHAM COURT
01 CITY : DELRAY BEACH
STATE/ZIP : FL 33445
MORTGAGE AMOUNT : 282,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030963771 MORTGAGORS: LIANG LAWRENCE
LIANG MOONCHI
REGION CODE ADDRESS : 7293 BERRY HILL DR
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 305,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,273.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,136.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.33300
----------------------------------------------------------------
0 0030963797 MORTGAGORS: PATEL MAHESH
PATEL KUNJLATA
REGION CODE ADDRESS : 5570 CALLE VISTA LINDA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,797.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.13500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,498,650.00
P & I AMT: 10,968.00
UPB AMT: 1,497,648.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 204
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030963920 MORTGAGORS: WARREN JOSEPH
WARREN ROBERTA
REGION CODE ADDRESS : 21022 WOODFIELD ROAD
01 CITY : GAITHERBURG
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,793.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,260.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030963953 MORTGAGORS: ARMSTRONG ALLAN
REGION CODE ADDRESS : 3475 INDIAN RIDGE CIRCLE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 378,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,846.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,774.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0030963995 MORTGAGORS: MAK JOSEPH
MAK BRANDA
REGION CODE ADDRESS : 18 MAPLE WAY
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,759.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030964019 MORTGAGORS: BOLING DOUGLAS
BOLING NANCY
REGION CODE ADDRESS : 1547 CORTINA COURT
01 CITY : TAHOE CITY
STATE/ZIP : CA 96145
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,532.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,453.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 71.30434
----------------------------------------------------------------
0 0030964043 MORTGAGORS: BRIWICK JEFFREY
BRIWICK ANGELA
REGION CODE ADDRESS : 27 HAWK HILL
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 248,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,220.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 91.39000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,594,500.00
P & I AMT: 11,596.06
UPB AMT: 1,593,152.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 205
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030964100 MORTGAGORS: DUNCAN J
POGGI MARISA
REGION CODE ADDRESS : 723 PRIMROSE LANE
01 CITY : BENICIA
STATE/ZIP : CA 94510
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,012.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030964126 MORTGAGORS: BALDWIN CHRISTOPHER
BALDWIN ELIZABETH
REGION CODE ADDRESS : 42 TIMBERLAND
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,150.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0030964134 MORTGAGORS: WHITE FELIX
WHITE JANET
REGION CODE ADDRESS : 16237 FIELDCREST CT
01 CITY : LA MIRADA
STATE/ZIP : CA 90638
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,706.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0030964142 MORTGAGORS: O' SHEA JAMES
KIM MICHELLE
REGION CODE ADDRESS : 5305 RUETTE DE MER
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 348,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,016.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,555.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0030964159 MORTGAGORS: ARNONE DAVE
REGION CODE ADDRESS : 2136 SAND POINT RD
01 CITY : BYRON
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 220,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,252.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,617.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.95900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,329,350.00
P & I AMT: 9,772.09
UPB AMT: 1,328,137.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 206
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030964167 MORTGAGORS: TSU JAMES
TSU JENNIFER
REGION CODE ADDRESS : 15292 KNOLLWOOD CIR.
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 273,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,131.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0030964175 MORTGAGORS: SCHLICHT LAUREN
REGION CODE ADDRESS : 28786 FAIRCREST WAY
01 CITY : ESCONDIDO
STATE/ZIP : CA 92026
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,822.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030964183 MORTGAGORS: BELSKY ALAN
BELSKY STACEY
REGION CODE ADDRESS : 7209 FAWN CROSSING DR
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 288,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,501.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.09600
----------------------------------------------------------------
0 0030964233 MORTGAGORS: GARCIA MICHAEL
GARCIA MARIA
REGION CODE ADDRESS : 6350 TARRAGON ROAD
01 CITY : RANCHO PALOS VERDE
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 354,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,161.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,597.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 72.03200
----------------------------------------------------------------
0 0030964258 MORTGAGORS: KICKHOFEL ROBERT
KICKHOFEL NINA
REGION CODE ADDRESS : 2604 META DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95130
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,801.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,612.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,394,800.00
P & I AMT: 10,183.00
UPB AMT: 1,393,418.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 207
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030964340 MORTGAGORS: CUTBRITH ROBERT
MOORE RUSSELL
REGION CODE ADDRESS : 140 DANIEL DRIVE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,747.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.38700
----------------------------------------------------------------
0 0030964605 MORTGAGORS: THOMPSON LAWRENCE
REGION CODE ADDRESS : 49 MEADOWVIEW LANE
01 CITY : BERKELEY HEIGHTS TOWNSHIP
STATE/ZIP : NJ 07922
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030964647 MORTGAGORS: MOHANDISS RAMSEY
MOHANDISS REBECCA
REGION CODE ADDRESS : 3725 TYNEMOORE TRACE
01 CITY : SMYRNA
STATE/ZIP : GA 30080
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,830.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030964803 MORTGAGORS: COHEN MARVIN
REGION CODE ADDRESS : 4101 GREENWOOD AVENUE
01 CITY : OAKLAND
STATE/ZIP : CA 94602
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,817.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030964860 MORTGAGORS: GRAHAM MARK
GRAHAM KIMBERLY
REGION CODE ADDRESS : 2305 SOUTH OLA VISTA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 290,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,509.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,158.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,430,700.00
P & I AMT: 10,166.08
UPB AMT: 1,429,905.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 208
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030965032 MORTGAGORS: DRESZLER NANCY
DRESZLER ALEXANDER
REGION CODE ADDRESS : 40 ABBINGTON TERRACE
01 CITY : GLEN ROCK
STATE/ZIP : NJ 07452
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030965230 MORTGAGORS: JARR WILLIAM
MOFFENBIAR-JARR MARGARET
REGION CODE ADDRESS : 335 COTTONWOOD DRIVE
01 CITY : MIDDLETOWN TOWNSHIP
STATE/ZIP : PA 19047
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,842.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030965255 MORTGAGORS: MORALES JAMES
MORALES LORAINE
REGION CODE ADDRESS : 5040 WYLDERIDGE DRIVE
01 CITY : MURPHYS
STATE/ZIP : CA 95247
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,003.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030965263 MORTGAGORS: PRING ANN
PRING STEPHEN
REGION CODE ADDRESS : 32 SUNNYSIDE DRIVE
01 CITY : INVERNESS
STATE/ZIP : CA 94937
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,685.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 76.36300
----------------------------------------------------------------
0 0030965313 MORTGAGORS: RAMSEY PAUL
RAMSEY DARYL
REGION CODE ADDRESS : 22 CLOVER MILL LANE
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,490.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.70000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,363,600.00
P & I AMT: 10,093.64
UPB AMT: 1,362,021.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 209
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030965388 MORTGAGORS: SCHENK EDWARD
SCHENK SHELLEY
REGION CODE ADDRESS : 34 CLOVER DRIVE EXT.
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 257,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,023.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030965560 MORTGAGORS: WONG ANDREW
WONG EILEEN
REGION CODE ADDRESS : 684-686 DANFORTH DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 383,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,679.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030965578 MORTGAGORS: LONGENECKER STANLEY
LONGENECKER MARY
REGION CODE ADDRESS : 318 NORTH DOWNEY LANE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,695.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,094.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030965610 MORTGAGORS: SIM CURTIS
SIM DENISE
REGION CODE ADDRESS : 15635 BROAD OAKS ROAD
01 CITY : EL CAJON
STATE/ZIP : CA 92021
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,803.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.94269
----------------------------------------------------------------
0 0030965693 MORTGAGORS: WANG WU
SUN HUI-LING
REGION CODE ADDRESS : 186 SANTA RITA COURT
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 373,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,743.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,704.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.73070
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,724,400.00
P & I AMT: 12,342.49
UPB AMT: 1,723,464.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 210
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030965701 MORTGAGORS: DING CHENG-LIANG
TING LUH-LUH
REGION CODE ADDRESS : 8139 HYANNISPORT DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 467,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 466,670.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,345.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.96800
----------------------------------------------------------------
0 0030965719 MORTGAGORS: DAY DEBORAH
REGION CODE ADDRESS : 5490 QUAIL VALLEY ROAD
01 CITY : PLACERVILLE
STATE/ZIP : CA 95667
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,798.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030965743 MORTGAGORS: WISSING DAVID
WISSING JUDY
REGION CODE ADDRESS : 8801 OAKVIEW COURT
01 CITY : OAKDALE
STATE/ZIP : CA 95361
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,805.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030965750 MORTGAGORS: MANSFIELD RICHARD
MANSFIELD LAURA
REGION CODE ADDRESS : 967 TOPE ROAD
01 CITY : SHARPSBURG
STATE/ZIP : GA 30277
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,846.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 57.55300
----------------------------------------------------------------
0 0030965768 MORTGAGORS: KING JAMES
KING SHARON
REGION CODE ADDRESS : 105 SMITHDUN LANE
01 CITY : ATLANTA
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,473.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,514.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,439,000.00
P & I AMT: 10,333.38
UPB AMT: 1,437,594.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 211
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030965966 MORTGAGORS: HA DIEP
NGUYEN TUYET
REGION CODE ADDRESS : 842 TRAMWAY DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0030965974 MORTGAGORS: DOMINGO RENATO
DOMINGO GRACE
REGION CODE ADDRESS : 11544 SEMINOLE CIRCLE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,343.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030965982 MORTGAGORS: SIMON JAMES
SIMON MARITA
REGION CODE ADDRESS : 2908 GLEN ALDEN COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 243,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030965990 MORTGAGORS: KOJIMA RICK
REGION CODE ADDRESS : 1606 MONTEVAL COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.56700
----------------------------------------------------------------
0 0030966006 MORTGAGORS: PACKER RONALD
PACKER SUSAN
REGION CODE ADDRESS : 107 SURBAUGH SQUARE
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,778.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,628.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.46800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,317,750.00
P & I AMT: 9,514.96
UPB AMT: 1,317,372.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 212
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030966048 MORTGAGORS: AVERY CHARLES
AVERY MICHELE
REGION CODE ADDRESS : 1825 SOUTH CLARKSON STREET
01 CITY : DENVER
STATE/ZIP : CO 80210
MORTGAGE AMOUNT : 290,890.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,684.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030966097 MORTGAGORS: FOLTZ DENNIS
FOLTZ BETTIE
REGION CODE ADDRESS : 6707 CHERRY HILL PKWY
01 CITY : FT WAYNE
STATE/ZIP : IN 46835
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,796.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030966188 MORTGAGORS: BROOKS BRADFORD
BROOKS ANGELA
REGION CODE ADDRESS : 921 IRON BRIDGE ROAD
01 CITY : BETHLEHEM TOWNSHIP
STATE/ZIP : NJ 08802
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,808.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 93.44200
----------------------------------------------------------------
0 0030966238 MORTGAGORS: DOUGLAS STEVEN
REGION CODE ADDRESS : 2427 COOSAWATTEE DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30319
MORTGAGE AMOUNT : 254,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,615.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98600
----------------------------------------------------------------
0 0030966402 MORTGAGORS: TU KAI-NIEN
WANG LE-YEN
REGION CODE ADDRESS : 21869 MONTE COURT
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 326,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,031.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,393.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,444,940.00
P & I AMT: 10,435.85
UPB AMT: 1,443,936.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 213
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030966410 MORTGAGORS: FELDSINE DAVID
LAM FELDSINE MARY ANN
REGION CODE ADDRESS : 560 TAWNY DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 235,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,541.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.34000
----------------------------------------------------------------
0 0030966428 MORTGAGORS: RICAFORT FRANCISCO
RICAFORT TERESITA
REGION CODE ADDRESS : 30301 MERIDIEN COURT
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,818.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.01400
----------------------------------------------------------------
0 0030966436 MORTGAGORS: PATHAK LALIT
PATHAK VANDANA
REGION CODE ADDRESS : 3260 CHATEAU DU LAC
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,294.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97780
----------------------------------------------------------------
0 0030966444 MORTGAGORS: FISHER ANDREW
KRAVITZ LYNDA
REGION CODE ADDRESS : 237 PARK VIEW AVENUE
01 CITY : PIEDMONT
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,743.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,512.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.66380
----------------------------------------------------------------
0 0030966451 MORTGAGORS: PINGOL ALEJANDRO
PINGOL JOYCELYN
REGION CODE ADDRESS : 3910 BOULDER CANYON DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 291,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,949.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,111.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99910
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,404,350.00
P & I AMT: 10,006.59
UPB AMT: 1,403,346.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 214
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030966469 MORTGAGORS: JAFFE DAVID
REGION CODE ADDRESS : 739 HILLDALE AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,211.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.35650
----------------------------------------------------------------
0 0030966477 MORTGAGORS: CRAWFORD STEVEN
CRAWFORD LEANNE
REGION CODE ADDRESS : 578 NORTH SYCAMORE AVENUE
01 CITY : FULLERTON
STATE/ZIP : CA 92831
MORTGAGE AMOUNT : 222,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,600.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98930
----------------------------------------------------------------
0 0030966485 MORTGAGORS: MACK FERNANDO
REGION CODE ADDRESS : 6076 PARK CREST DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 225,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,539.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98580
----------------------------------------------------------------
0 0030966493 MORTGAGORS: HUMPLEMAN RICHARD
NGUYEN QUYEN
REGION CODE ADDRESS : 343 LOWER VINTNERS CIRCLE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,735.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,791.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.96261
----------------------------------------------------------------
0 0030966519 MORTGAGORS: PAGANO THOMAS
PAGANO SHAN
REGION CODE ADDRESS : 2783 CAPELLA WAY
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 314,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,433.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,281.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.92820
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,414,700.00
P & I AMT: 10,234.31
UPB AMT: 1,413,520.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 215
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030966709 MORTGAGORS: TAYLOR GREGSON
TAYLOR DEBRA
REGION CODE ADDRESS : 9712 ROYSTON COURT
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 234,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,080.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,658.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0030966832 MORTGAGORS: WILVERDING JEROME
WILVERDING ELLEN
REGION CODE ADDRESS : 1704 JEANNE CIRCLE
01 CITY : MARTINEZ
STATE/ZIP : CA 94553
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030966865 MORTGAGORS: MONA GERALD
MONA LISA
REGION CODE ADDRESS : 18192 POND RIDGE CIRCLE
01 CITY : GURNEE
STATE/ZIP : IL 60031
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.62100
----------------------------------------------------------------
0 0030967053 MORTGAGORS: BORSELLINO THOMAS
KAFKA MONIKA
REGION CODE ADDRESS : 2434 FAIRGLEN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 303,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,085.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,172.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030967087 MORTGAGORS: BUDRYS AUDRIUS
BUDRYS RAMONA
REGION CODE ADDRESS : 433 BELLA CORTE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.08200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,348,050.00
P & I AMT: 9,715.74
UPB AMT: 1,347,666.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 216
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030967103 MORTGAGORS: LAWLESS ANDREW
LAWLESS YVETTE
REGION CODE ADDRESS : 6304 BARNESDALE PATH
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,504.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0030967145 MORTGAGORS: MC LAUGHLIN EMILY
MC LAUGHLIN JOHN
REGION CODE ADDRESS : 32 CLEARVIEW ROAD
01 CITY : READINGTON
STATE/ZIP : NJ 08889
MORTGAGE AMOUNT : 483,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 482,949.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,673.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0030967152 MORTGAGORS: TAYLOR JEFFERY
TAYLOR ANNE
REGION CODE ADDRESS : 35210 EL NIGUEL ROAD
01 CITY : LAKE ELSINORE AREA
STATE/ZIP : CA 92530
MORTGAGE AMOUNT : 293,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,903.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,150.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.27500
----------------------------------------------------------------
0 0030967160 MORTGAGORS: PEDERSEN INGRID
GAREFINO JOSEPH
REGION CODE ADDRESS : 1 KUHAR'S WAY
01 CITY : NEWTOWN TOWNSHIP
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,549.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,043.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030967210 MORTGAGORS: CHU EDWARD
SETO GAIL
REGION CODE ADDRESS : 456 MARIETTA STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,664,350.00
P & I AMT: 12,234.52
UPB AMT: 1,662,906.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 217
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030967509 MORTGAGORS: WIOLAND JOHN
WIOLAND KATHLEEN
REGION CODE ADDRESS : 32 TREMONT DRIVE
01 CITY : EAST HANOVER
STATE/ZIP : NJ 07936
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.72600
----------------------------------------------------------------
0 0030967582 MORTGAGORS: LEI XIAOLONG
HUANG CHEN
REGION CODE ADDRESS : 878 ROSE BLOSSOM DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 379,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,238.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,751.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.35810
----------------------------------------------------------------
0 0030967673 MORTGAGORS: DINKOVSKI BORIS
DINKOVSKI VICTORIA
REGION CODE ADDRESS : 3935 VIA REPOSO
01 CITY : RANCHOS SANTA FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 479,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,479.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.40300
----------------------------------------------------------------
0 0030967830 MORTGAGORS: LOGSDON MARK
LOGSDON LISA
REGION CODE ADDRESS : 11735 OJAI SANTA PAULA ROAD
01 CITY : OJAI AREA
STATE/ZIP : CA 93023
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,689.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,152.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.57600
----------------------------------------------------------------
0 0030967905 MORTGAGORS: LANCASTER RAYMOND
LANCASTER MARGIE
REGION CODE ADDRESS : 2174 W ROCKING HORSE ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,788.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,907,400.00
P & I AMT: 13,714.31
UPB AMT: 1,906,616.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 218
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030967913 MORTGAGORS: ZUPKO JOSEPH
KEAN DENNIS
REGION CODE ADDRESS : 8134 GEORGETOWN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 250,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,023.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030967988 MORTGAGORS: JUSTINIANO KELLI
JUSTINIANO ANTHONY
REGION CODE ADDRESS : 204 SIESTA AVENUE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,819.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.81481
----------------------------------------------------------------
0 0030968002 MORTGAGORS: KIDD SCOTT
KIDD SUZANNE
REGION CODE ADDRESS : 1707 CALLE DE LOS ALAMOS
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,798.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.94940
----------------------------------------------------------------
0 0030968010 MORTGAGORS: WEST JEAN-CLAUDE
SCHMITZ ANNA
REGION CODE ADDRESS : 165 LARK LANE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,779.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968028 MORTGAGORS: FELKER FORT
NEWMARK ROBIN
REGION CODE ADDRESS : 2233 TUSCANY CIRCLE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,707.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,081.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.27580
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,523,200.00
P & I AMT: 10,930.11
UPB AMT: 1,522,128.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 219
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030968077 MORTGAGORS: DARCEY STEVEN
DARCEY LEIGH
REGION CODE ADDRESS : 260 CARNEROS ROAD
01 CITY : AROMAS
STATE/ZIP : CA 95004
MORTGAGE AMOUNT : 274,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,161.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030968085 MORTGAGORS: KRAMER GARY
KRAMER LOIS
REGION CODE ADDRESS : 5539 E. CAMELBACK ROAD
01 CITY : PHOENIX
STATE/ZIP : AZ 85018
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,622.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968119 MORTGAGORS: BJORNBERG SHON
BJORNBERG CHRISTA
REGION CODE ADDRESS : 1858 MARIAN AVENUE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 229,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,574.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030968127 MORTGAGORS: LEE YOUNG
AHN-LEE ANGELA
REGION CODE ADDRESS : 3122 145TH PLACE SOUTHEAST
01 CITY : MILL CREEK
STATE/ZIP : WA 98012
MORTGAGE AMOUNT : 245,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,281.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,779.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.96400
----------------------------------------------------------------
0 0030968143 MORTGAGORS: SALAZAR ARNALDO
SALAZAR CRISTINA
REGION CODE ADDRESS : 213 LOMITAS AVENUE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 289,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,565.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,299,650.00
P & I AMT: 9,410.68
UPB AMT: 1,298,204.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 220
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030968168 MORTGAGORS: MC DOUGALD SHANNON
MC DOUGALD WENDY
REGION CODE ADDRESS : 8122 W. MERCER WAY
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 576,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 575,583.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,076.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968184 MORTGAGORS: COMITO JOHN
COMITO DEANNE
REGION CODE ADDRESS : 907 PLEASANT HILL ROAD
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 291,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,989.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,061.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968192 MORTGAGORS: WHITMER JEFFREY
WHITMER KATHLEEN
REGION CODE ADDRESS : 1018 PINE AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,980.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,314.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968200 MORTGAGORS: SYU SYANG
SYU MEI-MAN
REGION CODE ADDRESS : 363 LOWER VINTERS CIRCLE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 411,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 410,717.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,980.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.86206
----------------------------------------------------------------
0 0030968366 MORTGAGORS: TERASHITA MASAAKIA
TERASHITA LYNN
REGION CODE ADDRESS : 2412 FAIRCROSS STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 219,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,550.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.21400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,816,400.00
P & I AMT: 12,982.52
UPB AMT: 1,815,269.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 221
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030968374 MORTGAGORS: FU ROBERT
FUCHENG YUN
REGION CODE ADDRESS : 2430 GREENFIELD AVENUE
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.85700
----------------------------------------------------------------
0 0030968507 MORTGAGORS: NOLEN JAMES
NOLEN PAULA
REGION CODE ADDRESS : 3065 ASPEN DRIVE
01 CITY : PENRYN
STATE/ZIP : CA 95663
MORTGAGE AMOUNT : 312,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,323.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 73.63529
----------------------------------------------------------------
0 0030968580 MORTGAGORS: BURKE JOHN
BURKE DE EDRA
REGION CODE ADDRESS : 3272 NORTH MEDICINE BOW COURT
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968598 MORTGAGORS: MINI GARY
MINI THERESIA
REGION CODE ADDRESS : 15 MAGNOLIA LANE
01 CITY : BOONTON
STATE/ZIP : NJ 07005
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,227.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.97100
----------------------------------------------------------------
0 0030968812 MORTGAGORS: EATON MARK
KUO JULIE
REGION CODE ADDRESS : 2131 ST. ELIAS PLACE
01 CITY : DAVIS
STATE/ZIP : CA 95616
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,836.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.20000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,447,950.00
P & I AMT: 10,477.01
UPB AMT: 1,446,177.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 222
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030969117 MORTGAGORS: ADAMS KELLY
ADAMS SUZETTE
REGION CODE ADDRESS : 5380 ERICKSON DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 275,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,515.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0030969240 MORTGAGORS: VICTORY WALTER
THOMAS MARYLYNN
REGION CODE ADDRESS : 3 CARDEROCK COURT
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 321,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,331.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.46900
----------------------------------------------------------------
0 0030969505 MORTGAGORS: PATTERSON ROGER
PATTERSON SHAWNA
REGION CODE ADDRESS : 1984 LASALLE WAY
01 CITY : MARIETTA
STATE/ZIP : GA 30062
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,198.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.75800
----------------------------------------------------------------
0 0030969547 MORTGAGORS: EYER TIMOTHY
EYER CYNTHIA
REGION CODE ADDRESS : 3011 145TH PLACE S.E.
01 CITY : MILL CREEK
STATE/ZIP : WA 98012
MORTGAGE AMOUNT : 255,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,528.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,876.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99200
----------------------------------------------------------------
0 0030970107 MORTGAGORS: WANG YUEN
WANG RITA
REGION CODE ADDRESS : 586 MILITARY WAY
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 357,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,360.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,623.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,488,900.00
P & I AMT: 10,824.77
UPB AMT: 1,488,102.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 223
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030970115 MORTGAGORS: SCHNEIDER OLAF
SCHNEIDER DIANA
REGION CODE ADDRESS : 1065 NEVADA AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.12400
----------------------------------------------------------------
0 0030970131 MORTGAGORS: SOLTANI-NOBAKHT ALI
BAGHERZADEH MINA
REGION CODE ADDRESS : 998 DAFFODIL WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,339.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030970149 MORTGAGORS: KRUGER ROBERT
KAMINER AMY
REGION CODE ADDRESS : 315 HOWARD AVENUE
01 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.25242
----------------------------------------------------------------
0 0030970164 MORTGAGORS: BEST TOM
BEST LORI
REGION CODE ADDRESS : 6413 REEDY SONG KNOLL
01 CITY : CLARKSVILLE
STATE/ZIP : MD 20219
MORTGAGE AMOUNT : 249,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,995.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0030970172 MORTGAGORS: MOLLOY ANTHONY
MOLLOY DEBORAH
REGION CODE ADDRESS : 9645 LA TUNA CANYON ROAD
01 CITY : SUN VALLEY AREA
STATE/ZIP : CA 91352
MORTGAGE AMOUNT : 262,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,010.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,350,050.00
P & I AMT: 9,587.53
UPB AMT: 1,348,900.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 224
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030970180 MORTGAGORS: GEIS JOHN
GEIS SHIRLEY
REGION CODE ADDRESS : 10714 DEEP CLIFFE DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 531,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 530,625.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,804.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.78870
----------------------------------------------------------------
0 0030970198 MORTGAGORS: OLUND JEFFREY
REGION CODE ADDRESS : 527 KIRKLAND AVENUE
01 CITY : KIRKLAND
STATE/ZIP : WA 98033
MORTGAGE AMOUNT : 284,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,209.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,086.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030970206 MORTGAGORS: D'AVANZO STEVEN
D'AVANZO HELEN
REGION CODE ADDRESS : 4005 FARM HILL BOULEVARD
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,793.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.42857
----------------------------------------------------------------
0 0030970214 MORTGAGORS: MICHAELS GUY
MICHAELS SHAWNYA
REGION CODE ADDRESS : 206 DOLORES STREET
01 CITY : EL GRANADA
STATE/ZIP : CA 94018
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,796.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.39750
----------------------------------------------------------------
0 0030970230 MORTGAGORS: NGUYEN CONG
NGUYEN THUHANG
REGION CODE ADDRESS : 2845 MANTIS DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,834.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 74.28571
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,663,400.00
P & I AMT: 12,082.75
UPB AMT: 1,662,258.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 225
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030970255 MORTGAGORS: SU MARK
REGION CODE ADDRESS : 32744 ORICK STREET
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 228,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,629.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,658.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030970289 MORTGAGORS: FULLINWIDER JON
FULLINWIDER MARGARET
REGION CODE ADDRESS : 2082 KAIA LANE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,703.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030970305 MORTGAGORS: WILLIAMS BENJAMIN
WILLIAMS CHERYL
REGION CODE ADDRESS : 4210 NORTH DAMEN AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60618
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,688.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 88.18300
----------------------------------------------------------------
0 0030970313 MORTGAGORS: ANTOGNAZZI PETE
ANTOGNAZZI PAIGE
REGION CODE ADDRESS : 14866 WEST MIDDLE ROAD
01 CITY : TRACY
STATE/ZIP : CA 95376
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,812.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030970388 MORTGAGORS: PEARSON HOWARD
PEARSON JANICE
REGION CODE ADDRESS : 6 CATHERINE COURT
01 CITY : WASHINGTON TOWNSHIP
STATE/ZIP : NJ 07853
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,568.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 67.66696
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,408,800.00
P & I AMT: 10,370.78
UPB AMT: 1,405,401.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 226
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030970461 MORTGAGORS: GRACE JOSEPH
TOY DEANNA
REGION CODE ADDRESS : 421 MARIN AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,732.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,618.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.89400
----------------------------------------------------------------
0 0030970495 MORTGAGORS: COLLINS STEVEN
COLLINS VALERIE
REGION CODE ADDRESS : 29353 WHITLEY COLLINS DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,695.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,094.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030970511 MORTGAGORS: BARTON MICHAEL
BARTON PAMELA
REGION CODE ADDRESS : 128 VIA LA CIRCULA
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,779.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.25000
----------------------------------------------------------------
0 0030970610 MORTGAGORS: ROSENSTEIN TEDD
REGION CODE ADDRESS : 8632 CASTLE HILL AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89129
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,830.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.63300
----------------------------------------------------------------
0 0030970644 MORTGAGORS: REED MICHAEL
REED MARGARET
REGION CODE ADDRESS : 49 OLD MILL ROAD
01 CITY : NEW HOPE
STATE/ZIP : PA 18938
MORTGAGE AMOUNT : 226,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,643.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,559,800.00
P & I AMT: 11,091.12
UPB AMT: 1,558,681.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 227
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030970818 MORTGAGORS: CRUZ MELCHOR
CRUZ PERLA
REGION CODE ADDRESS : 35 SEVILLE WAY
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,736.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.24000
----------------------------------------------------------------
0 0030970842 MORTGAGORS: GOETTSCH DENISE
REGION CODE ADDRESS : 4233 MESA STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,843.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,528.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 52.68292
----------------------------------------------------------------
0 0030970859 MORTGAGORS: SHILVOCK HARRY
SHILVOCK CYNTHIA
REGION CODE ADDRESS : 28492 CALLE PINON
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 420,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,903.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,010.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.90000
----------------------------------------------------------------
0 0030970909 MORTGAGORS: CARTER KENNETH
CARTER MARILYN
REGION CODE ADDRESS : 12932 VILLA ROSE DRIVE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,832.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030970917 MORTGAGORS: MUKAI DR. JOHN
O'GRADY DR. KATLEEN
REGION CODE ADDRESS : 4807 W. 19TH AVE
01 CITY : KENNEWICK
STATE/ZIP : WA 99337
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,811.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,277.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,465,400.00
P & I AMT: 10,540.06
UPB AMT: 1,464,127.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 228
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030970941 MORTGAGORS: WHITBECK JAMES
WHITBECK JEANNE
REGION CODE ADDRESS : 2051 BAY MEADOWS DR
01 CITY : WEST LINN
STATE/ZIP : OR 97068
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,620.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.94700
----------------------------------------------------------------
0 0030970958 MORTGAGORS: STACHLOWSKI GARY
STACHLOWSKI LANA
REGION CODE ADDRESS : 2726 NW 126TH AVE
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,971.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,773.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030970966 MORTGAGORS: CALHOUN ROBERT
CALHOUN STACY
REGION CODE ADDRESS : 9001 W WATERWOOD LANE
01 CITY : BOISE
STATE/ZIP : ID 83703
MORTGAGE AMOUNT : 303,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,280.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.36100
----------------------------------------------------------------
0 0030970990 MORTGAGORS: MARSHALL EILEEN
REGION CODE ADDRESS : 32276 VIA DEL NIDO
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 311,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,185.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,257.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030971055 MORTGAGORS: WONG DAVID
WONG HELEN
REGION CODE ADDRESS : 833 WEST COVE WAY
01 CITY : SACRAMENTO
STATE/ZIP : CA 95831
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,326.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,772,600.00
P & I AMT: 12,896.06
UPB AMT: 1,770,385.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 229
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030971071 MORTGAGORS: HAYES MICHAEL
HAYES KAREN
REGION CODE ADDRESS : 3945 VISTAMONT DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,806.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030971097 MORTGAGORS: PACE COREY
PACE MARSHA
REGION CODE ADDRESS : 27890 MT SHASRA WAY
01 CITY : YORBA LINDA
STATE/ZIP : CA 92687
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,840.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 54.46800
----------------------------------------------------------------
0 0030971121 MORTGAGORS: PLOCK CATHLEEN
REGION CODE ADDRESS : 1934 BALEARIC DR IVE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,841.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.23000
----------------------------------------------------------------
0 0030971881 MORTGAGORS: DRAKE DAVE
DRAKE MARJORIE
REGION CODE ADDRESS : 2552 WEST DRY CREEK COURT
01 CITY : LITTLETON
STATE/ZIP : CO 80120
MORTGAGE AMOUNT : 237,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,679.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.83900
----------------------------------------------------------------
0 0030971899 MORTGAGORS: SELPH RICHARD
SELPH MONICA
REGION CODE ADDRESS : 12227 N. SPRING CREEK RD.
01 CITY : COLORADO
STATE/ZIP : CO 80134
MORTGAGE AMOUNT : 288,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,191.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,274,650.00
P & I AMT: 9,175.14
UPB AMT: 1,273,929.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 230
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030972632 MORTGAGORS: EARWOOD KAREN
REGION CODE ADDRESS : 9032 GREEN OAKS CIRCLE
01 CITY : DALLAS
STATE/ZIP : TX 75243
MORTGAGE AMOUNT : 285,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030972814 MORTGAGORS: MULLEN JAMES
ENG MARY ANNE
REGION CODE ADDRESS : 2932 72ND AVENUE S.E.
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,825.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030972889 MORTGAGORS: LORENCE DIANE
REGION CODE ADDRESS : 984 HAWTHORN DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 313,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,384.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,273.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030973010 MORTGAGORS: TANNER ARON
TANNER CATHERINE
REGION CODE ADDRESS : 609 BUCHANAN COURT
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 278,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,553.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98700
----------------------------------------------------------------
0 0030973036 MORTGAGORS: POFFENBERGER CLARA
POFFENBERGER NED
REGION CODE ADDRESS : 2933 FAIRHILL ROAD
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 214,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,901.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,556.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,352,600.00
P & I AMT: 9,781.06
UPB AMT: 1,351,264.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 231
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030973069 MORTGAGORS: CARPER JUDD
GURBA KATHARINE
REGION CODE ADDRESS : 13925 WYANDOTT DRIVE
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80908
MORTGAGE AMOUNT : 215,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,751.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,565.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0030973077 MORTGAGORS: LASOF MARK
LASOF JOANNA
REGION CODE ADDRESS : 7982 PEPPER TREE ROAD
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,327.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030973085 MORTGAGORS: RODGERS JEROME
LEE DAWN
REGION CODE ADDRESS : 17145 PERCHERON CT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 262,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,636.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030973127 MORTGAGORS: DANIEL STUART
DANIEL CHARLOTTE
REGION CODE ADDRESS : 9803 SUMMERFORD DRIVE
01 CITY : CHESTERFIELD
STATE/ZIP : VA 23832
MORTGAGE AMOUNT : 319,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,435.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0030973192 MORTGAGORS: CHADWICK ROBERT
REGION CODE ADDRESS : 7990 SW ROBIN DRIVE
01 CITY : TENNEBONNE
STATE/ZIP : OR 97760
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,755.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,581.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,411,100.00
P & I AMT: 10,290.49
UPB AMT: 1,409,906.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 232
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030973358 MORTGAGORS: WEIS THEODORE
WEIS DONNA
REGION CODE ADDRESS : 7 LOMAS CANTADAS
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 645,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 644,556.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,676.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.72220
----------------------------------------------------------------
0 0030973606 MORTGAGORS: SISK JOHN
SISK MARY
REGION CODE ADDRESS : 10231 KINGS STREET
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,785.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030973671 MORTGAGORS: WOODARD KEVIN
REGION CODE ADDRESS : 1081 OAKHILL ROAD
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 315,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,677.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0030973697 MORTGAGORS: FORMARO CHARLES
REGION CODE ADDRESS : 1361 EUGENIA TERRACE
01 CITY : LAWRENCEVILLE
STATE/ZIP : GA 30245
MORTGAGE AMOUNT : 284,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,023.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,160.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.98600
----------------------------------------------------------------
0 0030973788 MORTGAGORS: ZUSALIM ELIZABETH
ZUSALIM AGUS
REGION CODE ADDRESS : 1416 OXFORD STREET
01 CITY : BERKELEY
STATE/ZIP : CA 94709
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,416.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,802,700.00
P & I AMT: 13,072.83
UPB AMT: 1,801,458.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 233
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030973796 MORTGAGORS: MAYEDA KEVIN
MAYEDA GRACE
REGION CODE ADDRESS : 254 TAURUS AVENUE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 377,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,720.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,636.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.65346
----------------------------------------------------------------
0 0030973879 MORTGAGORS: WEINER IRA
WEINER PATRICIA
REGION CODE ADDRESS : 45 HAMILTON COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,708.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,191.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 57.61500
----------------------------------------------------------------
0 0030973895 MORTGAGORS: GIVENS CAROLYN
GARGAN MIKE
REGION CODE ADDRESS : 4108 WINDWARD COURT
01 CITY : DISCOVERY BAY
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 407,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,986.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.96000
----------------------------------------------------------------
0 0030973945 MORTGAGORS: GROUT AUSTIN
GROUT SYLVIA
REGION CODE ADDRESS : 101 7TH ST
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 372,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,250.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,733.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.50000
----------------------------------------------------------------
0 0030973978 MORTGAGORS: MANGICARO JOSEPH
MANGICARO LOIS
REGION CODE ADDRESS : 686 WESTWIND DRIVE
01 CITY : TREDYFFRIN TOWNSHIP
STATE/ZIP : PA 19312
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,316.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,839,000.00
P & I AMT: 13,278.18
UPB AMT: 1,837,994.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 234
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030973994 MORTGAGORS: STAFFINI EDDI
HILL KAREN
REGION CODE ADDRESS : 5001 WHISPER WILLOW DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 266,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,972.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.72400
----------------------------------------------------------------
0 0030974018 MORTGAGORS: ARMER ALVIN
MATTHEWS PAULINE
REGION CODE ADDRESS : 1641 CRYSTAL VIEW CIRCLE
01 CITY : THOUSAND OAK
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,788.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.28900
----------------------------------------------------------------
0 0030974109 MORTGAGORS: LOUDERBACK THOMAS
LOUDERBACK KELLEE
REGION CODE ADDRESS : 105 BOUNTIFUL COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030974240 MORTGAGORS: JONES GREGORY
REGION CODE ADDRESS : 24642 STEFFY DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 246,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98800
----------------------------------------------------------------
0 0030974414 MORTGAGORS: GOODWIN WILLIAM
GOODWIN VALERIE
REGION CODE ADDRESS : 33256 JAMIE CIRCLE
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 289,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,755.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 89.21500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,425,600.00
P & I AMT: 10,332.16
UPB AMT: 1,424,816.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 235
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030974448 MORTGAGORS: LUBECK DANIEL
REGION CODE ADDRESS : 508 SAN BERNARDINO AVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,755.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.96700
----------------------------------------------------------------
0 0030974497 MORTGAGORS: SEPPALA KARL
SEPPALA CYNTHIA
REGION CODE ADDRESS : 1294 NORTH JAMESTOWN WAY
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,825.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030974521 MORTGAGORS: MEHLIG DONALD
MEHLIG PATRICIA
REGION CODE ADDRESS : 15 BUGGY WHIP DRIVE
01 CITY : ROLLING HILLS
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,748.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,456.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 33.04700
----------------------------------------------------------------
0 0030974547 MORTGAGORS: LIU YONG
SU YI
REGION CODE ADDRESS : 1855 WESTHAVEN ROAD
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,729.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,545.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030974679 MORTGAGORS: GUTIERREZ STEPHEN
VINCENT-GUTIERREZ SHELLEY
REGION CODE ADDRESS : 41 MALLORCA
01 CITY : FOOTHILL RANCH
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 297,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,689.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,598,900.00
P & I AMT: 11,348.77
UPB AMT: 1,597,748.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 236
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030974745 MORTGAGORS: DACK MARTIN
DACK CARLA
REGION CODE ADDRESS : 816 EL BERRO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,842.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 79.66100
----------------------------------------------------------------
0 0030974968 MORTGAGORS: MOON THOMAS
MOON JENNIFER
REGION CODE ADDRESS : 10865 FM 484
01 CITY : NEVADA
STATE/ZIP : TX 75173
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030975015 MORTGAGORS: ARMENTA RICHARD
BAILEY SUSAN
REGION CODE ADDRESS : 642 NORTH COSTELLO PLACE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,803.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,140.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 78.91800
----------------------------------------------------------------
0 0030975031 MORTGAGORS: MC MAHON PATRICK
MC MAHON NICOLA
REGION CODE ADDRESS : 837 SAN LUIS REY AVENUE
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,802.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.88600
----------------------------------------------------------------
0 0030975072 MORTGAGORS: VARON RIC
VARON DEBBIE
REGION CODE ADDRESS : 9660 RINDGE CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,799.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.73600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,316,000.00
P & I AMT: 9,477.07
UPB AMT: 1,315,247.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 237
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030975247 MORTGAGORS: WONG DAVID
WONG MEGAN
REGION CODE ADDRESS : 537 EL MADINA AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.88800
----------------------------------------------------------------
0 0030975379 MORTGAGORS: BUXBAUM RICHARD
HARTSHORN KAY
REGION CODE ADDRESS : 2714 PIEDMONT AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94705
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.39090
----------------------------------------------------------------
0 0030975437 MORTGAGORS: TORNEROS JOUIE
TORNEROS LERIDA
REGION CODE ADDRESS : 40372 LINARIA CIRCLE
01 CITY : FREMONT
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,834.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030975445 MORTGAGORS: VOGEL BRYAN
KOPIT KAY
REGION CODE ADDRESS : 1923 MAGELLAN DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,848.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.67160
----------------------------------------------------------------
0 0030975452 MORTGAGORS: BALL JONATHAN
BALL GINA
REGION CODE ADDRESS : 5475 SENECA PLACE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,796.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,329,000.00
P & I AMT: 9,562.10
UPB AMT: 1,328,256.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 238
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030975460 MORTGAGORS: ALLISON A.
ALLISON SUSAN
REGION CODE ADDRESS : 333 KENT AVENUE
01 CITY : KENTFIELD
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 556,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 555,617.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,031.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030975775 MORTGAGORS: BRAMWELL JOHN
BRAMWELL TAMRA
REGION CODE ADDRESS : 2908 OAK SHADOW DRIVE
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 337,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,910.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,388.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0030976039 MORTGAGORS: WALMSLEY DAVID
REGION CODE ADDRESS : 4192 WHITE OAKS AVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,785.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030976062 MORTGAGORS: LEONARDI STEVEN
REGION CODE ADDRESS : 2 LLOYD COURT
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,842.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.23800
----------------------------------------------------------------
0 0030976096 MORTGAGORS: MENDELSON PATRICK
JACKSON/MENDELSON KARLA
REGION CODE ADDRESS : 408 5TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.81500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,726,400.00
P & I AMT: 12,355.44
UPB AMT: 1,724,932.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 239
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030976138 MORTGAGORS: OWENS DENNIS
OWENS BARBARA
REGION CODE ADDRESS : 512 WILSON AVENUE
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,760.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,817.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 73.52940
----------------------------------------------------------------
0 0030976161 MORTGAGORS: LIANG LIE-HWA
SUN SHU-CHEN
REGION CODE ADDRESS : 240 STANFORD AVENUE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,803.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 43.10340
----------------------------------------------------------------
0 0030976195 MORTGAGORS: LIEU JOHN
LIEU LUCY
REGION CODE ADDRESS : 5901 TOMPKINS DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,760.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.72527
----------------------------------------------------------------
0 0030976237 MORTGAGORS: BAJAJ JAGMOHAN
BAJAJ ANITA
REGION CODE ADDRESS : 3003 GRANDOAKS DRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 491,669.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,610.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030976252 MORTGAGORS: PITASKY SCOTT
PITASKY RENA
REGION CODE ADDRESS : 1029 MCCAULEY ROAD
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 493,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 493,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,448.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,000,250.00
P & I AMT: 14,539.54
UPB AMT: 1,999,244.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 240
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030976500 MORTGAGORS: CANTRELL ANDREW
CANTRELL DANIELLE
REGION CODE ADDRESS : 2818 BLUE JAY DRIVE
01 CITY : CEDAR PARK
STATE/ZIP : TX 78613
MORTGAGE AMOUNT : 140,880.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,780.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,009.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030977144 MORTGAGORS: SPITZE KEVIN
SPITZE PAMELA
REGION CODE ADDRESS : 887 MOUNT WASHINGTON DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90065
MORTGAGE AMOUNT : 371,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,750.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,719.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 71.34600
----------------------------------------------------------------
0 0030977151 MORTGAGORS: ABEL MARCUS
ABEL JULIE
REGION CODE ADDRESS : 826 MERIDIAN AVE
01 CITY : MIAMI BEACH
STATE/ZIP : FL 33139
MORTGAGE AMOUNT : 216,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,754.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,590.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 69.96700
----------------------------------------------------------------
0 0030977193 MORTGAGORS: PETERMANN BRYAN
PETERMANN MADELEINE
REGION CODE ADDRESS : 24589 OVERLAND DRIVE
01 CITY : WEST HILLS AREA
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.92200
----------------------------------------------------------------
0 0030977250 MORTGAGORS: GERRITS THOMAS
REGION CODE ADDRESS : 3459 SKYLINE DRIVE
01 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,837.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,585.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,252,780.00
P & I AMT: 9,027.83
UPB AMT: 1,251,906.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 241
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030977284 MORTGAGORS: PETRYSHYN JOHN
PETRYSHYN KAREN
REGION CODE ADDRESS : 2600 ROBINSON STREET
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 264,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,208.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.71000
----------------------------------------------------------------
0 0030977292 MORTGAGORS: CURRY ROBERT
REGION CODE ADDRESS : 148 RIVO ALTO CANAL
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 548,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 548,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,878.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030977409 MORTGAGORS: KENNEDY KIRK
KENNEDY SUSAN
REGION CODE ADDRESS : 17511 TUSCAN CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,797.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,131.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 57.64700
----------------------------------------------------------------
0 0030977425 MORTGAGORS: KIHICZAK TARAS
BOLING KRISTIN
REGION CODE ADDRESS : 10547 WEST SUNSET BOULEVARD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 597,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 596,599.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,380.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 59.70000
----------------------------------------------------------------
0 0030977433 MORTGAGORS: HAIRE TAMARA
PATTERSON BRIAN
REGION CODE ADDRESS : 961 SHERMAN OAKS DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,031.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,588.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,930,600.00
P & I AMT: 13,851.01
UPB AMT: 1,929,637.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 242
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030977441 MORTGAGORS: KLEIN SPENCER
EHRENKRANTZ RUTH
REGION CODE ADDRESS : 900 SANTA BARBARA ROAD
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,790.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.33980
----------------------------------------------------------------
0 0030977458 MORTGAGORS: MOSKO ROBERT
MOSKO LINDA
REGION CODE ADDRESS : 689 BAYVIEW DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,819.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.82450
----------------------------------------------------------------
0 0030977474 MORTGAGORS: BAILESS STEVEN
ADAMS-BAILESS TAUNYA
REGION CODE ADDRESS : 3219 LAKEMORE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 311,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,992.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,257.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99310
----------------------------------------------------------------
0 0030977540 MORTGAGORS: MESKIMEN JIM
REGION CODE ADDRESS : 5031 DONNA AVENUE
01 CITY : TARZANA AREA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,811.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.46070
----------------------------------------------------------------
0 0030977565 MORTGAGORS: BOAL GARY
HANSEN LAURA
REGION CODE ADDRESS : 29304 INDIAN VALLEY ROAD
01 CITY : ROLLING HILLS ESTATE
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,728.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,751.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,486,350.00
P & I AMT: 10,582.17
UPB AMT: 1,485,143.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 243
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030977581 MORTGAGORS: BONNEY PHIL
BONNEY KATHARINE
REGION CODE ADDRESS : 7587 MC CONNELL AVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 230,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,229.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030977615 MORTGAGORS: BONOVICH STEPHEN
BONOVICH TERRIE
REGION CODE ADDRESS : 380 DAVID DRIVE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 306,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,283.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,195.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.18700
----------------------------------------------------------------
0 0030977680 MORTGAGORS: SILVERI DANIEL
SILVERI MICHELE
REGION CODE ADDRESS : 1535 SOUTH LOS ROBLES AVENUE
01 CITY : PASADENA
STATE/ZIP : CA 91106
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,834.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.11760
----------------------------------------------------------------
0 0030977722 MORTGAGORS: WARE MARGARET
REGION CODE ADDRESS : 807 HUMBOLDT STREET
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,800.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030977771 MORTGAGORS: GORMAN GARY
PACE DANA
REGION CODE ADDRESS : 1412 MANHATTAN AVENUE
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 342,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,252.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,424.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.80500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,370,400.00
P & I AMT: 9,660.95
UPB AMT: 1,369,399.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 244
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030977821 MORTGAGORS: CHACON BERNARDO
CHACON MARIA
REGION CODE ADDRESS : 6638 COPPER ANN DR
01 CITY : SPARKS
STATE/ZIP : NV 89436
MORTGAGE AMOUNT : 249,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,714.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0030977938 MORTGAGORS: MILLER RICHARD
MILLER THERESA
REGION CODE ADDRESS : 6461 ERIN DRIVE
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 257,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,904.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030977961 MORTGAGORS: BERNSTEIN MICHAEL
BERNSTEIN KERI
REGION CODE ADDRESS : 1028 DENSTON DRIVE
01 CITY : UPPER DUBLIN
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,586.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 77.59100
----------------------------------------------------------------
0 0030977987 MORTGAGORS: ZERCOE MARCIA
MYERS CLIFFORD
REGION CODE ADDRESS : 804 AVONWOOD DRIVE
01 CITY : TREDYFFRIN TOWNSHIP
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,248.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,040.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030978407 MORTGAGORS: JOHNSON GORDON
JOHNSON ANDREA
REGION CODE ADDRESS : 603 ISBEL DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 62.33700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,379,000.00
P & I AMT: 10,149.83
UPB AMT: 1,377,453.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 245
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030978423 MORTGAGORS: YEATTS MICHAEL
YEATTS MARILYN
REGION CODE ADDRESS : 13506 PENFIELD POINT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,714.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,795.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 58.08800
----------------------------------------------------------------
0 0030978472 MORTGAGORS: ANDERSON LARS
ANDERSON DONNA
REGION CODE ADDRESS : 6 PHEASANT DRIVE
01 CITY : LAWRENCE TOWNSHIP
STATE/ZIP : NJ 08648
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030978522 MORTGAGORS: FINCHAM ROBERT
FINCHAM JILL
REGION CODE ADDRESS : 61150 MINARET CIRCLE
01 CITY : BEND
STATE/ZIP : OR 97720
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,972.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030978639 MORTGAGORS: CARISONE BRYAN
CARISONE MARY
REGION CODE ADDRESS : 1127 VAN ARSDALE DRIVE
01 CITY : BRANCHBURG
STATE/ZIP : NJ 08853
MORTGAGE AMOUNT : 217,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,371.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030978654 MORTGAGORS: WELLS MICHAEL
WELLS ANGELA
REGION CODE ADDRESS : 204 BENEDETTI COURT
01 CITY : CARY
STATE/ZIP : NC 27513
MORTGAGE AMOUNT : 280,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,570.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.98300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,537,250.00
P & I AMT: 11,193.55
UPB AMT: 1,536,656.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 246
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030978803 MORTGAGORS: THUME STEPHEN
THUME GLYNDA
REGION CODE ADDRESS : 22108 LONDELIUS STREET
01 CITY : WEST HILLS AREA, LOS ANGE
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,833.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030978852 MORTGAGORS: SHAW MARK
SHAW RHONDA
REGION CODE ADDRESS : 4999 CERVATO WAY
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93111
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,800.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.90900
----------------------------------------------------------------
0 0030978902 MORTGAGORS: HE CHUANHU
DING XIAO-YU
REGION CODE ADDRESS : 4647 MARITIME LOOP
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,832.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030978910 MORTGAGORS: POWERS RICHARD
POWERS ROSELYN
REGION CODE ADDRESS : 2224 WARFIELD AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 266,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,107.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.16800
----------------------------------------------------------------
0 0030978936 MORTGAGORS: BELET BRIAN
BICKETT MARIANNE
REGION CODE ADDRESS : 837 GWEN DRIVE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,568.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,986.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,319,050.00
P & I AMT: 9,561.41
UPB AMT: 1,318,141.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 247
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030978951 MORTGAGORS: YATES EUGENE
YATES CHARLOTTE
REGION CODE ADDRESS : 1400 DUMAINE STREET
01 CITY : CONCORD
STATE/ZIP : CA 94518
MORTGAGE AMOUNT : 246,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,571.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98700
----------------------------------------------------------------
0 0030978969 MORTGAGORS: SCHABOWSKI JOHN
YELVERTON DEBRA
REGION CODE ADDRESS : 3603 COUR DU VIN
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 309,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,592.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,273.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0030978985 MORTGAGORS: HUANG ZHONG-PING
YOUNG MAY
REGION CODE ADDRESS : 4646 FALLSTONE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,812.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.53330
----------------------------------------------------------------
0 0030978993 MORTGAGORS: FITZGERALD MICHAEL
REGION CODE ADDRESS : 133 SOUTH LAKE STEVENS ROAD
01 CITY : LAKE STEVENS
STATE/ZIP : WA 98258
MORTGAGE AMOUNT : 284,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,758.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,090.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0030979009 MORTGAGORS: ALCOTT JOHN
JONES WENDY
REGION CODE ADDRESS : 4368 BERMUDA CIRCLE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92107
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,799.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.92400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,405,500.00
P & I AMT: 10,199.93
UPB AMT: 1,404,534.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 248
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030979033 MORTGAGORS: MASON EDMUND
BOWEN ANNE
REGION CODE ADDRESS : 5809 WEST MELINDA LANE
01 CITY : GLENDALE
STATE/ZIP : AZ 85308
MORTGAGE AMOUNT : 353,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,185.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,625.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99400
----------------------------------------------------------------
0 0030979066 MORTGAGORS: MALLETT JEFFREY
MALLETT MARGARET
REGION CODE ADDRESS : 125 VISTA DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,412.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,902.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030979090 MORTGAGORS: OCAMPO GARRY
OCAMPO EUGENE
REGION CODE ADDRESS : 15321 KNOLLWOOD CIRCLE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,041.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030979116 MORTGAGORS: ALAEI HOMAYON
REGION CODE ADDRESS : 55 OAKHURST ROAD
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 237,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,732.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0030979140 MORTGAGORS: SCHAFFER PHILIP
MORIELLI VICTORIA
REGION CODE ADDRESS : 11095 MATTHEWS DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 240,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,384.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,364,100.00
P & I AMT: 9,931.90
UPB AMT: 1,362,756.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 249
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030979173 MORTGAGORS: COLANTONI RINALDO
GREENE GABRIELLA
REGION CODE ADDRESS : 4535 BEN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 312,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,110.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030979199 MORTGAGORS: SWILLEY JOHN
SWILLEY LALE
REGION CODE ADDRESS : 1050 SOUTH MILES COURT
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 230,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,539.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0030979207 MORTGAGORS: BROWN CARL
BROWN DOROTHY
REGION CODE ADDRESS : 1055 SOUTH MILES COURT
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,570.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.30800
----------------------------------------------------------------
0 0030979249 MORTGAGORS: GOLDEN KEVIN
GOLDEN CAROL
REGION CODE ADDRESS : 7108 CRABBURY COURT
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 317,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,714.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,223.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030979256 MORTGAGORS: HENSLEY JON
HENSLEY MARCEL
REGION CODE ADDRESS : 11060 MATTHEWS DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 242,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,283.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,347,550.00
P & I AMT: 9,866.71
UPB AMT: 1,346,217.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 250
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030979264 MORTGAGORS: ODA MILES
ODA JILL
REGION CODE ADDRESS : 95-1057 KUALAPA STREET
01 CITY : MILILANI
STATE/ZIP : HI 96789
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,935.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,083.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030979280 MORTGAGORS: YAMASAKI EDWARD
YAMASAKI SUSAN
REGION CODE ADDRESS : 9844 SILVRETTA DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,821.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0030979348 MORTGAGORS: DUNCAN WILLIAM
DUNCAN BERNADETTE
REGION CODE ADDRESS : 9573 SUNFLOWER STREET
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91737
MORTGAGE AMOUNT : 221,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,859.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 87.35170
----------------------------------------------------------------
0 0030979439 MORTGAGORS: DAVIS THOMAS
REGION CODE ADDRESS : 577 WOLF POND ROAD
01 CITY : WOOLWICH
STATE/ZIP : ME 04579
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,243.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,297.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030979454 MORTGAGORS: YU GORDON
REGION CODE ADDRESS : 403 BALLYTORE CIRCLE
01 CITY : LOWER MERION TWSP
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,765.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,672,000.00
P & I AMT: 12,129.02
UPB AMT: 1,669,625.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 251
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030979462 MORTGAGORS: TARTE THOMAS
TARTE KARIE
REGION CODE ADDRESS : 28123 68TH AVENUE N.W.
01 CITY : STANWOOD
STATE/ZIP : WA 98292
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,806.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.48600
----------------------------------------------------------------
0 0030979488 MORTGAGORS: CARO MAURICIO
VELASQUEZ SARA
REGION CODE ADDRESS : 200 BALTIC CIRCLE # 216
01 CITY : REDWOOD CIT``
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,817.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030979512 MORTGAGORS: SOUKAPHAY TAY
SUN SOU
REGION CODE ADDRESS : 2895 CAMELLIA CT
01 CITY : CORONA
STATE/ZIP : CA 91720
MORTGAGE AMOUNT : 184,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 184,199.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,482.92 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 9.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030979520 MORTGAGORS: SATAR MAUZAM
SATAR YASMEEN
REGION CODE ADDRESS : 121 BEACH PARK BLVD
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,740.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.63800
----------------------------------------------------------------
0 0030980023 MORTGAGORS: WILLIS KENNETH
REGION CODE ADDRESS : 4547 PROVINCE LINE ROAD
01 CITY : LAWRENCE TOWNSHIP
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,451.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,344.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,435,300.00
P & I AMT: 10,615.62
UPB AMT: 1,434,015.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 252
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030980122 MORTGAGORS: FLEISCHER CHARLES
FLEISCHER BARBARA
REGION CODE ADDRESS : 10265 GAINSBOROUGH ROAD
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 306,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,238.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,359.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030980189 MORTGAGORS: YOAKUM JEFFREY
YOAKUM CINDY
REGION CODE ADDRESS : 757 NEWMAN DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,822.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030980197 MORTGAGORS: FRANZBLAU SIDNEY
FRANZBLAU AUDREY
REGION CODE ADDRESS : 6 KIPS RIDGE
01 CITY : VERONA
STATE/ZIP : NJ 07044
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,450.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,306.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 49.18000
----------------------------------------------------------------
0 0030980221 MORTGAGORS: RYAN CHARLES
RYAN TERESA
REGION CODE ADDRESS : 1206 STEEPLECHASE COURT
01 CITY : DOVER
STATE/ZIP : NJ 08753
MORTGAGE AMOUNT : 242,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,355.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.93200
----------------------------------------------------------------
0 0030980239 MORTGAGORS: NOWACKI MICHAEL
NOWACKI THERESA
REGION CODE ADDRESS : 20 UPPER MOUNT GLEN LAKE DRIVE
01 CITY : TOWNSHIP OF WEST MILFORD
STATE/ZIP : NJ 07480
MORTGAGE AMOUNT : 221,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,731.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,322,600.00
P & I AMT: 10,037.35
UPB AMT: 1,320,598.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 253
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030980247 MORTGAGORS: EL-HAGE MICHAEL
EL-HAGE NADIA
REGION CODE ADDRESS : 10012 SORREL AVENUE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.25000
----------------------------------------------------------------
0 0030980254 MORTGAGORS: BLAKENEY GARY
BLAKENEY SUSAN
REGION CODE ADDRESS : 4 THORN OAK
01 CITY : DOVE CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,478.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,839.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030980262 MORTGAGORS: HALVORSON PAT
REGION CODE ADDRESS : 0030 UNEVA PLACE
01 CITY : COPPER MOUNTAIN
STATE/ZIP : CO 80443
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,808.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 69.12400
----------------------------------------------------------------
0 0030980270 MORTGAGORS: SLUIS DOUGLAS
SLUIS SUEANNE
REGION CODE ADDRESS : 6038 CLUB HOUSE LANE
01 CITY : MUKILTEO
STATE/ZIP : WA 98275
MORTGAGE AMOUNT : 235,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,375.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030980296 MORTGAGORS: WRIGHT WARREN
WRIGHT JULIE
REGION CODE ADDRESS : 11921 BEAR CREEK DRIVE
01 CITY : FRANKTOWN
STATE/ZIP : CO 80116
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.72800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,442,550.00
P & I AMT: 10,396.32
UPB AMT: 1,441,486.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 254
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030980676 MORTGAGORS: BUBRISKI MARK
BUBRISKI JEAN
REGION CODE ADDRESS : 25291 VELASQUEZ ROAD
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,849.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030980684 MORTGAGORS: DINEEN KENNETH
DINEEN J
REGION CODE ADDRESS : 4011 AMERICAN RIVER DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 391,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,193.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,906.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------
0 0030980874 MORTGAGORS: ADAMS WILLIAM
ADAMS TANYA
REGION CODE ADDRESS : 8505 SW 74 TERRACE
01 CITY : MIAMI
STATE/ZIP : FL 33143
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.73600
----------------------------------------------------------------
0 0030980932 MORTGAGORS: WILLIAMS KEITH
WILLIAMS DAWN
REGION CODE ADDRESS : 580-582 ELM WAY
01 CITY : EDMONDS
STATE/ZIP : WA 98020
MORTGAGE AMOUNT : 289,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,560.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030981013 MORTGAGORS: CHAVES FLORENCE
FRAGA FLORENCE
REGION CODE ADDRESS : 212 CHATHAM TERRACE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,805.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.51600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,450,200.00
P & I AMT: 10,605.97
UPB AMT: 1,449,410.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 255
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030981179 MORTGAGORS: GARDNER DARREN
GARDNER KELLI
REGION CODE ADDRESS : 7455 EAST QUILL LANE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,802.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,164.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.92500
----------------------------------------------------------------
0 0030981187 MORTGAGORS: HANNAN THOMAS
HANNAN MARGARET
REGION CODE ADDRESS : 75 MAIN DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 649,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,541.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,649.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.90000
----------------------------------------------------------------
0 0030981203 MORTGAGORS: SHEMARIA MARK
REGION CODE ADDRESS : 549 GRAMERCY DRIVE
01 CITY : MARIETTA
STATE/ZIP : GA 30068
MORTGAGE AMOUNT : 637,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 637,038.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,512.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.96300
----------------------------------------------------------------
0 0030981211 MORTGAGORS: WIGHT JOHN
REINKING-WIGHT KIMBERLY
REGION CODE ADDRESS : 22 SCENIC AVENUE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,292.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,186.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030981245 MORTGAGORS: GIAMMONA DAVID
REGION CODE ADDRESS : 1110 WALKER AVENUE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 222,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,239.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,574.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,105,400.00
P & I AMT: 15,086.54
UPB AMT: 2,103,914.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 256
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030981260 MORTGAGORS: KIELISZEK GREG
KIELISZEK ANNE
REGION CODE ADDRESS : 13309 OLD ANNAPOLIS ROAD
01 CITY : MOUNT AIRY
STATE/ZIP : MD 21771
MORTGAGE AMOUNT : 242,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,545.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
0 0030981278 MORTGAGORS: FERGUSON BRADLEY
FERGUSON MIRIAM
REGION CODE ADDRESS : 10081 BIRCHWOOD DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,819.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030981302 MORTGAGORS: BOERNER STEVEN
BOERNER KIM
REGION CODE ADDRESS : 6425 EAST CRESTED SAGUARO LANE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,522.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,604.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 63.39200
----------------------------------------------------------------
0 0030981336 MORTGAGORS: KENT SEAN
REGION CODE ADDRESS : 811 MURPHY DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 331,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,421.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,404.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.96800
----------------------------------------------------------------
0 0030981351 MORTGAGORS: PARTEN WILLIAM
PARTEN CHERYL
REGION CODE ADDRESS : 113 RED OAK LANE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 278,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,514.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,464,250.00
P & I AMT: 10,689.12
UPB AMT: 1,462,823.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 257
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030981401 MORTGAGORS: GHAEMMAGHAMI KAMRAN
GHAEMMAGHAMI TERI
REGION CODE ADDRESS : 28396 NORTH 113TH WAY
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,039.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.58400
----------------------------------------------------------------
0 0030981518 MORTGAGORS: REINHARDT ROBERT
AVILA STEPHANIE
REGION CODE ADDRESS : 19052 TAYLOR AVENUE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,774.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030981898 MORTGAGORS: RINALDI ELLEN
REGION CODE ADDRESS : 1670 STEPHENS DRIVE
01 CITY : WAYNE
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030982037 MORTGAGORS: SHARONI ASHER
SHARONI TOVA
REGION CODE ADDRESS : 4081 WILLIWAW DRIVE
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,828.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.76920
----------------------------------------------------------------
0 0030982060 MORTGAGORS: CARTER GEOFFREY
REGION CODE ADDRESS : 11136 SUN VALLEY DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94605
MORTGAGE AMOUNT : 219,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,759.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 73.30000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,309,500.00
P & I AMT: 9,421.47
UPB AMT: 1,308,601.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 258
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030982094 MORTGAGORS: BAUMANN CLIFFORD
BAUMANN KIM
REGION CODE ADDRESS : 20601 HENWOOD ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,810.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 62.36559
----------------------------------------------------------------
0 0030982144 MORTGAGORS: YERGER ROBERT
YERGER PATRICIA
REGION CODE ADDRESS : 308 MARTOM ROAD
01 CITY : WYCKOFF
STATE/ZIP : NJ 07481
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.40000
----------------------------------------------------------------
0 0030982169 MORTGAGORS: ZWICKER EARL
COLOMBERO ANNE
REGION CODE ADDRESS : 804 CAYO GRANDE COURT
01 CITY : NEWBURY PARK
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 289,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,315.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,174.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 88.80360
----------------------------------------------------------------
0 0030982185 MORTGAGORS: TYAGI PRADEEP
TYAGI RITA
REGION CODE ADDRESS : 49 EAST MCCLELLAN AVENUE
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030982219 MORTGAGORS: WILSON MARK
REGION CODE ADDRESS : 887 SPRUCE HILL COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,838.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,305,750.00
P & I AMT: 9,618.39
UPB AMT: 1,305,214.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 259
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030982516 MORTGAGORS: GREENWOOD GREGORY
GREENWOOD ROWENA
REGION CODE ADDRESS : 1936 CRESTHAVEN DRIVE
01 CITY : VISTA
STATE/ZIP : CA 92084
MORTGAGE AMOUNT : 223,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,984.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,560.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98100
----------------------------------------------------------------
0 0030982565 MORTGAGORS: LI PO WEN
LI CHIU-FONG
REGION CODE ADDRESS : 9961 SOUTH CENTER DRIVE
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,778.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,606.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 65.84000
----------------------------------------------------------------
0 0030982631 MORTGAGORS: GALLEGOS JOSEPH
GALLEGOS KAREN
REGION CODE ADDRESS : 550 SAN JOSE PLACE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,811.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.96539
----------------------------------------------------------------
0 0030982755 MORTGAGORS: WANG PETER
WANG ANNA
REGION CODE ADDRESS : 8644 ROYAL ESTATES WAY
01 CITY : FAIR OAKS
STATE/ZIP : CA 95628
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,798.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0030983225 MORTGAGORS: CHAN KIN
CHUNG VICKY
REGION CODE ADDRESS : 42 SUGAR PINE LANE
01 CITY : DANVILLE
STATE/ZIP : CA 95406
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,763.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,474,150.00
P & I AMT: 10,702.99
UPB AMT: 1,473,136.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 260
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030983365 MORTGAGORS: BETTENCOURT MICHAEL
BETTENCOURT SHARRIE
REGION CODE ADDRESS : 6252 ROBIN COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 236,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,333.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.97900
----------------------------------------------------------------
0 0030983423 MORTGAGORS: ARNDT CHARLES
ARNDT COLEEN
REGION CODE ADDRESS : 23341 PARK HACIENDA
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 490,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,253.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,514.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.12900
----------------------------------------------------------------
0 0030983878 MORTGAGORS: CHEN CHUN
CHEN ROYCE
REGION CODE ADDRESS : 13206 BRIARWOOD ST
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,827.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.33333
----------------------------------------------------------------
0 0030983894 MORTGAGORS: WIATT LLOYD
REGION CODE ADDRESS : 24548 LORIKEET LANE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91355
MORTGAGE AMOUNT : 268,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,995.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030983902 MORTGAGORS: PARKER G.
PARKER MARTA
REGION CODE ADDRESS : 12640 BROOKPARK ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94619
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,784.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,345.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 79.20700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,553,300.00
P & I AMT: 11,091.80
UPB AMT: 1,552,195.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 261
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030983910 MORTGAGORS: ALIBRANDO SAM
ALIBRANDO JANETTE
REGION CODE ADDRESS : 1754 LA PAZ ROAD
01 CITY : ALTADENA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,786.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.72900
----------------------------------------------------------------
0 0030983936 MORTGAGORS: ENGLISH TIMOTHY
REGION CODE ADDRESS : 3121 FREDERICK STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,782.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,375.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 86.40000
----------------------------------------------------------------
0 0030983951 MORTGAGORS: GRADE GLEN
GRADE DIANE
REGION CODE ADDRESS : 2021 SHERER LANE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,819.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 77.97100
----------------------------------------------------------------
0 0030983969 MORTGAGORS: DOUGHERTY BRUCE
DOUGHERTY SANDRA
REGION CODE ADDRESS : 245 N. HACIENDA AVE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,800.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,169.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 78.93300
----------------------------------------------------------------
0 0030983985 MORTGAGORS: HU FRANCIS
HU GLORIA
REGION CODE ADDRESS : 6081 MANORFIELD DRIVE
01 CITY : HUNTINGTON BCH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 289,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,105.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 76.13100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,473,300.00
P & I AMT: 10,725.73
UPB AMT: 1,472,294.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 262
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030983993 MORTGAGORS: CRONYN ROBERT
CRONYN ZENA
REGION CODE ADDRESS : 201 HALEY WAY
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 463,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 462,864.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,278.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030984009 MORTGAGORS: PARNIANI ALIREZA
RADJABI LAILA
REGION CODE ADDRESS : 8118 EAST SAN LUIS DRIVE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,614.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,096.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 77.29729
----------------------------------------------------------------
0 0030984017 MORTGAGORS: HASSENBERG BARRY
FLORES-OSTER DAWN
REGION CODE ADDRESS : 4025 HOLLYLINE AVE
01 CITY : SHERMAN OAK
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 427,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,690.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,022.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.77700
----------------------------------------------------------------
0 0030984041 MORTGAGORS: VALENTINE WILLIAM
VALENTINE KATHLEEN
REGION CODE ADDRESS : 15402 LORRAINE WAY
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,837.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,585.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030984074 MORTGAGORS: VERMAN UMESH
KARWELL DARPAN
REGION CODE ADDRESS : 14 WAKONDA
01 CITY : DOVE CITY
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,801.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.38700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,674,200.00
P & I AMT: 11,922.17
UPB AMT: 1,672,809.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 263
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030984082 MORTGAGORS: WADMAN DARRIN
WADMAN VICKI
REGION CODE ADDRESS : 447 CABRILLO STREET
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 291,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,983.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.70200
----------------------------------------------------------------
0 0030984157 MORTGAGORS: VARGAS VIKKI
REGION CODE ADDRESS : 9 EMERALD GLEN
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 612,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 611,589.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,490.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030984165 MORTGAGORS: THREADGILL JAMES
THREADGILL JAIME
REGION CODE ADDRESS : 4212 MEADOWLARK DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 288,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,415.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.96000
----------------------------------------------------------------
0 0030984181 MORTGAGORS: ISENBERG BARBARA
REGION CODE ADDRESS : 1433 NORTH KENTER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 378,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,226.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,679.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 47.61000
----------------------------------------------------------------
0 0030984207 MORTGAGORS: JIANG RUIQING
JIN ZHENG
REGION CODE ADDRESS : 655 BONANZA COURT
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.46900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,930,300.00
P & I AMT: 13,984.16
UPB AMT: 1,929,215.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 264
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030984223 MORTGAGORS: HOLDYCH TOM
HOLDYCH ANNE
REGION CODE ADDRESS : 383 APRIL WAY
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030984256 MORTGAGORS: HUANG KUNG-SHIUH
HUANG SHIN-YUAN
REGION CODE ADDRESS : 3921 EAST GREEN CLOVER CIRCLE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,768.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.36000
----------------------------------------------------------------
0 0030984280 MORTGAGORS: IGUCHI WILLIAM
REGION CODE ADDRESS : 2032 HERMINE AVENUE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.41170
----------------------------------------------------------------
0 0030984355 MORTGAGORS: OSBORN DAREN
OSBORN LAURA
REGION CODE ADDRESS : 24630 145TH PLACE SOUTHEAST
01 CITY : KENT
STATE/ZIP : WA 98042
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,838.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,524.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030984363 MORTGAGORS: SIEGMAN MICHAEL
SIEGMAN VALERIE
REGION CODE ADDRESS : 1 COTTAGE PLACE
01 CITY : ALLENDALE
STATE/ZIP : NJ 07401
MORTGAGE AMOUNT : 486,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 486,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,439.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,594,000.00
P & I AMT: 11,391.69
UPB AMT: 1,593,606.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 265
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030984371 MORTGAGORS: SUTTON WILLIAM
REGION CODE ADDRESS : 6355 SOUTHWEST 135 DRIVE
01 CITY : PINECREST
STATE/ZIP : FL 33156
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,728.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,964.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030984405 MORTGAGORS: COUCH HOWARD
COUCH CHERYL
REGION CODE ADDRESS : 20572 TANGLEWOOD WAY
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,835.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030984413 MORTGAGORS: DELUCA STEPHEN
DELUCA NANCY
REGION CODE ADDRESS : 18 COUNTRY CLUB DRIVE
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.36300
----------------------------------------------------------------
0 0030984447 MORTGAGORS: LEBLANG JONATHAN
LEBLANG DEBORAH
REGION CODE ADDRESS : 12705 FOX WOODS DRIVE
01 CITY : HERNON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,780.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030984470 MORTGAGORS: SHIN EUNG
SHIN YOUN
REGION CODE ADDRESS : 16251 ALPINE PLACE
01 CITY : LA MIRADA
STATE/ZIP : CA 90638
MORTGAGE AMOUNT : 270,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,318.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,984.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,479,500.00
P & I AMT: 10,686.16
UPB AMT: 1,478,663.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 266
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030984561 MORTGAGORS: FALLA JUAN
FALLA JOSEPHINE
REGION CODE ADDRESS : 2945 EAGLE ESTATES CIRCLE S
01 CITY : CLEARWATER
STATE/ZIP : FL 34621
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,811.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030984629 MORTGAGORS: WONG ARTHUR
WONG SANDY
REGION CODE ADDRESS : 2708 CAMDEN PLACE
01 CITY : ROWLAND HEIGHTS
STATE/ZIP : CA 91748
MORTGAGE AMOUNT : 341,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,464.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0030984637 MORTGAGORS: BIERNAT MARC
BIERNAT TAMARA
REGION CODE ADDRESS : 4438 GREENMEADOWS AVE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,796.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030984678 MORTGAGORS: WILLIAMSON TIMOTHY
WILLIAMSON SHARON
REGION CODE ADDRESS : 33672 BLUE LANTERN STREET,UNIT 2
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.63300
----------------------------------------------------------------
0 0030984686 MORTGAGORS: LAU MANPOP
LAU CAROL
REGION CODE ADDRESS : 1017 HEATHERSTONE AVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,829.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,429,700.00
P & I AMT: 10,416.99
UPB AMT: 1,428,725.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 267
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030984702 MORTGAGORS: O' KELLEY FAITH
REGION CODE ADDRESS : 701 SIR JAMES BRIDGE WAY
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 300,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,198.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,204.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0030984736 MORTGAGORS: WANG ZHENGJUN
WANG YUNXIA
REGION CODE ADDRESS : 41 OAKHURST RD
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 260,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,765.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030984769 MORTGAGORS: DEETS JEFFREY
REGION CODE ADDRESS : 929 GRANGER FARM WAY
01 CITY : LAS VEGAS
STATE/ZIP : NV 89128
MORTGAGE AMOUNT : 246,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,818.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.75800
----------------------------------------------------------------
0 0030984777 MORTGAGORS: BARRY KEVIN
REGION CODE ADDRESS : 23669 CLEARIDGE DRIVE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 259,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,707.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.33400
----------------------------------------------------------------
0 0030984868 MORTGAGORS: YDAVOY JANET
REGION CODE ADDRESS : 2566 JARDIN COURT
01 CITY : WESTON
STATE/ZIP : FL 33327
MORTGAGE AMOUNT : 241,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,292.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.97200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,308,850.00
P & I AMT: 9,489.90
UPB AMT: 1,307,782.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 268
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030984884 MORTGAGORS: YANNICH RICHARD
YANNICH ALEXIS
REGION CODE ADDRESS : 23656 CLEARIDGE DRIVE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 276,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,869.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99200
----------------------------------------------------------------
0 0030984900 MORTGAGORS: MC COY ALFRED
MC COY BARBARA
REGION CODE ADDRESS : 11071 DELLBROOK COURT
01 CITY : CINCINNATI
STATE/ZIP : OH 45241
MORTGAGE AMOUNT : 294,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,697.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.57238
----------------------------------------------------------------
0 0030984942 MORTGAGORS: DOYLE JAMES
DOYLE JANELLE
REGION CODE ADDRESS : 26161 DEVONSHIRE COURT
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 279,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,707.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,029.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030984983 MORTGAGORS: LANE JAMES
LANE SANDRA
REGION CODE ADDRESS : 716 BIRDIE WAY
01 CITY : INCLINE VILLAGE
STATE/ZIP : NV 89451
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,273.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030985048 MORTGAGORS: SERIMIAN DAVID
REGION CODE ADDRESS : 10176 NORTH PONDERESA DRIVE
01 CITY : FRESNO
STATE/ZIP : CA 93720
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,731.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,722.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,559,350.00
P & I AMT: 11,321.60
UPB AMT: 1,558,279.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 269
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030985162 MORTGAGORS: EZEANI HYACINTH
REGION CODE ADDRESS : 3925 VIA CARDELINA
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,715.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,111.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.25200
----------------------------------------------------------------
0 0030985196 MORTGAGORS: NG TAT
REGION CODE ADDRESS : 35630 TERRACE DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 263,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,722.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.99100
----------------------------------------------------------------
0 0030985246 MORTGAGORS: METCALFE RON
METCALFE ALAINA
REGION CODE ADDRESS : 18 ARROYO VISTA DR
01 CITY : GOLETA
STATE/ZIP : CA 93117
MORTGAGE AMOUNT : 278,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,408.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0030985287 MORTGAGORS: SMITH JAMES
SMITH ALYSON
REGION CODE ADDRESS : 808 SHORECREST DRIVE
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,790.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.37900
----------------------------------------------------------------
0 0030985337 MORTGAGORS: BLAKENBECKLER DAVID
BLAKENBECKLER LAURA
REGION CODE ADDRESS : 2313 RUPERT DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,774.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,576,500.00
P & I AMT: 11,412.76
UPB AMT: 1,575,410.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 270
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030985352 MORTGAGORS: LESLIE PAUL
LESLIE SHARON
REGION CODE ADDRESS : 1010 GIBBS CROSSING
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 233,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,430.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030985410 MORTGAGORS: SEN VIVEK
SEN BELA
REGION CODE ADDRESS : 7419 HANNUM WAY
01 CITY : CULVER CITY
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 240,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,038.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0030985444 MORTGAGORS: COATES GREIG
REGION CODE ADDRESS : 30410 BERRY CREEK DR
01 CITY : GEORGETOWN
STATE/ZIP : TX 78628
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,760.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,523.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030985501 MORTGAGORS: IRVINE KIRK
HILLIX-IRVINE HELEN
REGION CODE ADDRESS : 16726 WIKIUP ROAD
01 CITY : RAMONA
STATE/ZIP : CA 92065
MORTGAGE AMOUNT : 231,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,385.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030985527 MORTGAGORS: MILLER DENNIS
MILLER CAROL
REGION CODE ADDRESS : 2547 SALEROSO DRIVE
01 CITY : ROWLAND HEIGHTS
STATE/ZIP : CA 91748
MORTGAGE AMOUNT : 274,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,724.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.68100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,328,450.00
P & I AMT: 9,664.69
UPB AMT: 1,327,340.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 271
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030985568 MORTGAGORS: MAC DONALD SCOTT
MAC DONALD AMY
REGION CODE ADDRESS : 4114 MAGNA CARTA ROAD
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,817.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.51300
----------------------------------------------------------------
0 0030985642 MORTGAGORS: RUCKLE RON
REGION CODE ADDRESS : 8441 RIDPATH DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 229,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,653.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 84.48500
----------------------------------------------------------------
0 0030985667 MORTGAGORS: ROBINSON RUSSELL
ROBINSON KIMBERLY
REGION CODE ADDRESS : 2554 JOSHUA COURT
01 CITY : OXNARD
STATE/ZIP : CA 93030
MORTGAGE AMOUNT : 223,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,557.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.48000
----------------------------------------------------------------
0 0030985824 MORTGAGORS: FLEIG NORMAN
FLEIG ANTOINETTE
REGION CODE ADDRESS : 21866 JEFFERS LANE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 251,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,681.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.94600
----------------------------------------------------------------
0 0030985857 MORTGAGORS: LANE MICHELE
REGION CODE ADDRESS : 82 MOLOKAI COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,795.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.76900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,253,350.00
P & I AMT: 9,180.65
UPB AMT: 1,252,504.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 272
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030985956 MORTGAGORS: MAHRLEY WILLIAM
CRUCHLEY MARCIA
REGION CODE ADDRESS : 2405 BONNIE BRAE
01 CITY : SANTA ANA
STATE/ZIP : CA 92706
MORTGAGE AMOUNT : 231,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,852.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 62.43240
----------------------------------------------------------------
0 0030986053 MORTGAGORS: GRANT ADRIAN
GRANT ELVIRA
REGION CODE ADDRESS : 119 MILLRICH DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 462,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 461,690.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,389.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.86170
----------------------------------------------------------------
0 0030986079 MORTGAGORS: WINDSOR GEORGE
WINDSOR LOREEN
REGION CODE ADDRESS : 30842 OLYMPIC PLACE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,768.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030986087 MORTGAGORS: BRAULT JOHN
BRAULT ELAINE
REGION CODE ADDRESS : 26192 PALMETTO PLACE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,818.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.07700
----------------------------------------------------------------
0 0030986111 MORTGAGORS: MARKMAN ADAM
MARKMAN REBECCA
REGION CODE ADDRESS : 1170 TEMPLE HILLS DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,735.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,791.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,684,000.00
P & I AMT: 12,334.35
UPB AMT: 1,682,865.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 273
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030986129 MORTGAGORS: MARTIN JOHN
MARTIN PAMELA
REGION CODE ADDRESS : 14151 MILAN ST
01 CITY : WESTMINSTER
STATE/ZIP : CA 92683
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,825.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 86.92800
----------------------------------------------------------------
0 0030986145 MORTGAGORS: LAZO CLAUDIO
LAZO DENISE
REGION CODE ADDRESS : 13429 CONTOUR DRIVE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 371,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,500.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,722.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030986285 MORTGAGORS: SWANSON KAREN
PEARLMAN RALPH
REGION CODE ADDRESS : 1887 BEACHSIDE TENNIS VILLAS
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 291,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,823.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,239.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.99000
----------------------------------------------------------------
0 0030986301 MORTGAGORS: JENNINGS ANDREW
JENNINGS JULIE
REGION CODE ADDRESS : 711 LAUREL STREET
01 CITY : BOONTON
STATE/ZIP : NJ 07005
MORTGAGE AMOUNT : 234,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,430.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.98985
----------------------------------------------------------------
0 0030986392 MORTGAGORS: LOBELL MARK
TOURTELOT ELLEN
REGION CODE ADDRESS : 10 WHITE PINE DRIVE
01 CITY : CONEWAGO TOWNSHIP
STATE/ZIP : PA 17033
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,150.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,888.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,408,050.00
P & I AMT: 10,626.03
UPB AMT: 1,405,731.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 274
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030986418 MORTGAGORS: KUHN JEFFREY
KUHN LORI
REGION CODE ADDRESS : 4715 ANNADEL HEIGHTS DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95405
MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,437.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030986897 MORTGAGORS: BLODGETT MARY
REGION CODE ADDRESS : 740 N. MICHIGAN AVE
01 CITY : PASADENA
STATE/ZIP : CA 91104
MORTGAGE AMOUNT : 255,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,578.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,874.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 79.92100
----------------------------------------------------------------
0 0030987333 MORTGAGORS: NELSON STEVEN
REGION CODE ADDRESS : 3160 BIGLER PLACE
01 CITY : TAHOE CITY
STATE/ZIP : CA 96145
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,793.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0030987762 MORTGAGORS: ROUNSFULL WALTER
ROUNSFULL HAYLEE
REGION CODE ADDRESS : 1816 NORTH SAN DIMAS CANYON ROAD
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 266,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,484.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,026.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.59700
----------------------------------------------------------------
0 0030987895 MORTGAGORS: MILLON SERAPHIN
MILLON ANGELA
REGION CODE ADDRESS : 1249 HESTER STORE RD
01 CITY : EASLEY
STATE/ZIP : SC 29640
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,843.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,373,600.00
P & I AMT: 10,251.61
UPB AMT: 1,372,136.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 275
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030987911 MORTGAGORS: MELSON STEPHEN
REGION CODE ADDRESS : 115 WOODRIDGE DRIVE
01 CITY : RUTHERFORDTON
STATE/ZIP : NC 28139
MORTGAGE AMOUNT : 236,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,383.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030987952 MORTGAGORS: YATES JIMMIE
YATES KATLEEN
REGION CODE ADDRESS : 10955 ASHTON LANE
01 CITY : ORLAND PARK
STATE/ZIP : IL 60462
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,819.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 47.06900
----------------------------------------------------------------
0 0030988034 MORTGAGORS: MCDEVITT ROBERT
MCDEVITT JUDITH
REGION CODE ADDRESS : 10621 CAHILL ROAD
01 CITY : RALEIGH
STATE/ZIP : NC 27614
MORTGAGE AMOUNT : 299,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,288.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,145.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.81500
----------------------------------------------------------------
0 0030988059 MORTGAGORS: WRIGHT TERRANCE
WRIGHT VERDA
REGION CODE ADDRESS : 10754 BEAS DRIVE
01 CITY : CONIFER
STATE/ZIP : CO 80433
MORTGAGE AMOUNT : 223,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,038.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,579.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988083 MORTGAGORS: JAKUBOWICZ GREG
REGION CODE ADDRESS : 56 THREE MILE HARBOR HOG CREEK RD
01 CITY : E. HAMPTON
STATE/ZIP : NY 11937
MORTGAGE AMOUNT : 331,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,832.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,753.09 OUTSIDE CONV DATE :
LIFETIME RATE : 9.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 9.37500 PRODUCT CODE : 002
LTV : 73.55500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,339,250.00
P & I AMT: 9,935.63
UPB AMT: 1,338,362.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 276
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030988158 MORTGAGORS: SERRANO NORMAN
REGION CODE ADDRESS : 1757 HAMPSHIRE COURT
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 263,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,509.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030988174 MORTGAGORS: GILBERT ALAN
GILBERT TERESA
REGION CODE ADDRESS : 11126 SHADY OAK STREET
01 CITY : ORLANDO
STATE/ZIP : FL 32832
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,631.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,163.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030988356 MORTGAGORS: BORNEMAN BRADLEY
BORNEMAN MEGANNE
REGION CODE ADDRESS : 113 GWYNEDD MANOR ROAD
01 CITY : NORTH WALES
STATE/ZIP : PA 19454
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,811.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988364 MORTGAGORS: HUDSPETH JAMES
HUDSPETH TERESA
REGION CODE ADDRESS : 1420 NC 98E
01 CITY : SPRING HOPE
STATE/ZIP : NC 27882
MORTGAGE AMOUNT : 341,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,252.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.41860
----------------------------------------------------------------
0 0030988398 MORTGAGORS: HEWETT MARK
HEWETT JUDY
REGION CODE ADDRESS : 10909 TOWLE LANE
01 CITY : FORT SMITH
STATE/ZIP : AR 72908
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,721.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,929.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.65500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,557,200.00
P & I AMT: 11,216.78
UPB AMT: 1,555,927.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 277
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030988414 MORTGAGORS: KNOX ROBERT
KNOX ELIZABETH
REGION CODE ADDRESS : 3410 LEIGH'S HOLLOW LANE
01 CITY : FORT SMITH
STATE/ZIP : AR 72903
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,574.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,318.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988455 MORTGAGORS: HARMON LARRY
REGION CODE ADDRESS : 4607 N HOLLY COURT
01 CITY : KANSAS CITY
STATE/ZIP : MO 64116
MORTGAGE AMOUNT : 234,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,084.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988497 MORTGAGORS: SMITH RANDALL
SMITH GINA
REGION CODE ADDRESS : 13123 CHARLES STREET
01 CITY : OMAHA
STATE/ZIP : NE 68154
MORTGAGE AMOUNT : 270,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,099.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0030988539 MORTGAGORS: MILLER VERNON
MILLER MARSHA
REGION CODE ADDRESS : 23244 WEST SAVORY PLACE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 253,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,275.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0030988547 MORTGAGORS: HNAT BARBARA
REGION CODE ADDRESS : 19749 WILDWOOD DRIVE
01 CITY : WEST LINN
STATE/ZIP : OR 97068
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,796.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,362,150.00
P & I AMT: 9,829.58
UPB AMT: 1,360,830.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 278
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030988596 MORTGAGORS: ISSAKOV SERGE
ISSAKOV ADRIANA
REGION CODE ADDRESS : 7539 CABRILLO AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,819.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988620 MORTGAGORS: O' TOOLE MICHAEL
O' TOOLE SANDRA
REGION CODE ADDRESS : 251 BALLAST
01 CITY : THE SEA RANCH
STATE/ZIP : CA 95497
MORTGAGE AMOUNT : 423,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,692.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,127.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.06500
----------------------------------------------------------------
0 0030988646 MORTGAGORS: LEVINE LANNING
LEVINE PATRICIA
REGION CODE ADDRESS : 30 GERALD ROAD
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,769.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.49000
----------------------------------------------------------------
0 0030988653 MORTGAGORS: SPITZ STEVEN
SPITZ JUDITH
REGION CODE ADDRESS : 5 TALL PINES DRIVE
01 CITY : BEDFORD
STATE/ZIP : NY 10549
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,763.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,582.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988679 MORTGAGORS: DEE JAMES
DEE WEN-YIN
REGION CODE ADDRESS : 573 LOWER VINTNERS CIRCLE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,793.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 49.75120
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,641,000.00
P & I AMT: 11,887.34
UPB AMT: 1,639,838.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 279
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030988703 MORTGAGORS: COOPER KELLEY
REGION CODE ADDRESS : 7800 BENT TREE DRIVE
01 CITY : AMARILLO
STATE/ZIP : TX 79121
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,823.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988711 MORTGAGORS: KOON DAVID
REGION CODE ADDRESS : 101 WATERSTONE WAY
01 CITY : GOOSE CREEK
STATE/ZIP : SC 29445
MORTGAGE AMOUNT : 243,437.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,968.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0030988729 MORTGAGORS: MICHALAK THOMAS
MICHALAK CYNTHIA
REGION CODE ADDRESS : 5340 MATTHEW TERRACE
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,853.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988745 MORTGAGORS: HENRIKSEN LARS
REGION CODE ADDRESS : 5 THOMPSON STREET
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,693.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988752 MORTGAGORS: LARRAZA ALAN
LARRAZA JULIE
REGION CODE ADDRESS : 9807 E LARKSPUR DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,810.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 65.81300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,234,437.00
P & I AMT: 9,097.79
UPB AMT: 1,233,148.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 280
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030988778 MORTGAGORS: WALTERS HILMON
WALTERS LINDA
REGION CODE ADDRESS : 8323 PRIVATE LANE
01 CITY : ANNANDALE
STATE/ZIP : VA 22003
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,726.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.26800
----------------------------------------------------------------
0 0030988786 MORTGAGORS: RHOADS JENNIFER
RHOADS ALEXANDER
REGION CODE ADDRESS : 721 S 32ND COURT
01 CITY : WEST DES MOINES
STATE/ZIP : IA 50265
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,034.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030988828 MORTGAGORS: DORRIS GARY
DORRIS SHARON
REGION CODE ADDRESS : 9389 N 109TH STREET
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 277,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,009.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,009.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988836 MORTGAGORS: PLUMMER JEFFREY
PLUMMER SHERRY
REGION CODE ADDRESS : 8170 QUARTERFIELD FARMS
01 CITY : SEVERN
STATE/ZIP : MD 21144
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,832.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,519.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030989123 MORTGAGORS: KIRSCH KENNETH
KIRSCH LINDA
REGION CODE ADDRESS : 9031 RANCHVIEW DRIVE
01 CITY : MATTHEWS
STATE/ZIP : NC 28105
MORTGAGE AMOUNT : 221,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,847.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.04700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,396,700.00
P & I AMT: 9,872.84
UPB AMT: 1,395,451.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 281
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030989149 MORTGAGORS: BELL SAMUEL
BELL DOROTHY
REGION CODE ADDRESS : 4910 PINEY CREEK LANE
01 CITY : DURHAM
STATE/ZIP : NC 27705
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,207.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,719.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 52.08333
----------------------------------------------------------------
0 0030989156 MORTGAGORS: ALEXANDER ROBERT
ALEXANDER JUDITH
REGION CODE ADDRESS : 7492 SLEEPING BER TRAIL
01 CITY : LITTLETON
STATE/ZIP : CO 80125
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,841.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.23000
----------------------------------------------------------------
0 0030989164 MORTGAGORS: HOFMEISTER BRADLEY
HOFMEISTER PATRICIA
REGION CODE ADDRESS : 14112 KING
01 CITY : OVERLAND PARK
STATE/ZIP : KS 66221
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,848.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,658.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0030989172 MORTGAGORS: KANATZAR JAMES
KANATZAR PEGGY
REGION CODE ADDRESS : 8111 NW ROBERTS ROAD
01 CITY : WEATHERBY LAKE
STATE/ZIP : MO 64152
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,853.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.17241
----------------------------------------------------------------
0 0030989180 MORTGAGORS: DIMERY ISAIAH
REGION CODE ADDRESS : 12 TARRAGON COURT
01 CITY : WILMINGTON
STATE/ZIP : DE 19808
MORTGAGE AMOUNT : 265,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,726.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,309,900.00
P & I AMT: 9,563.16
UPB AMT: 1,306,476.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 282
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030989222 MORTGAGORS: ERICKSON JAMES
ERICKSON CORINNE
REGION CODE ADDRESS : 20315 HERBSHEY CIRCLE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 229,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,541.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,665.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0030989248 MORTGAGORS: SUNDERMEYER MICHAEL
ANDERSON CAROLYN
REGION CODE ADDRESS : 573 VIEW STREET
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94041
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,780.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.01200
----------------------------------------------------------------
0 0030989263 MORTGAGORS: STENEKER SJARDO
STENEKER-BURKHOLDER GRETCHEN
REGION CODE ADDRESS : 14127 107TH WAY SW
01 CITY : VASHON ISLAND
STATE/ZIP : WA 98070
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,513.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,075.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030989271 MORTGAGORS: BAILEY ARNOLD
BAILEY JACQUELINE
REGION CODE ADDRESS : 23629 NORTHWEST 7TH COURT
01 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,821.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 92.85700
----------------------------------------------------------------
0 0030989289 MORTGAGORS: PEARCE STEVEN
PEARCE NANCI
REGION CODE ADDRESS : 115 CHAMBERSBURG WAY
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,829.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,428,700.00
P & I AMT: 10,441.31
UPB AMT: 1,427,486.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 283
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030989347 MORTGAGORS: SAKABE MARK
SAKABE JANICE
REGION CODE ADDRESS : 16 CHANTONNAY
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,781.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 61.32070
----------------------------------------------------------------
0 0030989362 MORTGAGORS: NESS RONALD
NESS KATHLEEN
REGION CODE ADDRESS : 1554 EDGEWOOD WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,781.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.60970
----------------------------------------------------------------
0 0030989370 MORTGAGORS: ANG CHEONG
REGION CODE ADDRESS : 514 ISAAC COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 225,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,578.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0030989388 MORTGAGORS: FRANK DAVID
FRANK JANICE
REGION CODE ADDRESS : 166 ESTABAN DRIVE
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,726.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.58490
----------------------------------------------------------------
0 0030989396 MORTGAGORS: KIA ALI
KIA VESTA
REGION CODE ADDRESS : 851 CHATTANOOGA AVENUE
01 CITY : PACIFIC PALISADES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 402,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,953.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.08333
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,653,200.00
P & I AMT: 11,864.08
UPB AMT: 1,652,763.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 284
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030989404 MORTGAGORS: SAUER MARK
SAUER KAREN
REGION CODE ADDRESS : 5887 LA CUMBRE ROAD
01 CITY : SOMIS
STATE/ZIP : CA 93066
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,673.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,076.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.40000
----------------------------------------------------------------
0 0030989412 MORTGAGORS: BALLOCH-STENCEL JODY
REGION CODE ADDRESS : 535 BRISBAINE AVENUE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,821.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,103.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 87.50000
----------------------------------------------------------------
0 0030989420 MORTGAGORS: HAMIL JAYNE
REGION CODE ADDRESS : 13308 GALEWOOD STREET
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 303,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,551.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,255.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030989446 MORTGAGORS: PATEL ATUL
PATEL TORAL
REGION CODE ADDRESS : 2836 WOODSIDE TERRACE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 589,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 588,984.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,222.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99980
----------------------------------------------------------------
0 0030989461 MORTGAGORS: CHIANG SAMUEL
LEE JOANN
REGION CODE ADDRESS : 40940 FERREIRA PLACE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,666.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,919.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,041,150.00
P & I AMT: 14,577.67
UPB AMT: 2,039,696.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 285
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030989503 MORTGAGORS: KRAUSS SHARON
CAIN JACQUES
REGION CODE ADDRESS : 1712 HARKNESS STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,764.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,479.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030989537 MORTGAGORS: HODGES THOMAS
REGION CODE ADDRESS : 5700 NO. GRANDVIEW
01 CITY : LITTLE ROCK
STATE/ZIP : AR 72207
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,808.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030989545 MORTGAGORS: BUCHANAN BRIAN
BUCHANAN JUDITH
REGION CODE ADDRESS : 1415 SUFFOLK STREET
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93312
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,551.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,291.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 89.98700
----------------------------------------------------------------
0 0030989552 MORTGAGORS: CORTELLINI CHARLES
CORTELLINI ANTONIA
REGION CODE ADDRESS : 2244 HAVERSHAM CLOSE
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23454
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,311.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,909.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.02700
----------------------------------------------------------------
0 0030989578 MORTGAGORS: DEAMER RICK
MILLER MONICA
REGION CODE ADDRESS : 1745 EAST HERBERT AVENUE
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84108
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,847.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,396,500.00
P & I AMT: 10,302.06
UPB AMT: 1,395,283.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 286
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030989586 MORTGAGORS: FARRELL JAMES
FARRELL BRENDA
REGION CODE ADDRESS : 25 OVERHILL ROAD
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,788.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.21600
----------------------------------------------------------------
0 0030989693 MORTGAGORS: SURIYAMONT MONTCHAI
SURIYAMONT JOSEPHINE
REGION CODE ADDRESS : 560 CHARDONNAY DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,821.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.44400
----------------------------------------------------------------
0 0030989891 MORTGAGORS: DAVIS MICHAEL
DAVIS JOCELYN
REGION CODE ADDRESS : 3533 MESQUITE DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,790.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.70200
----------------------------------------------------------------
0 0030989933 MORTGAGORS: GRIGGS DONALD
GRIGGS COLLEEN
REGION CODE ADDRESS : 39873 SAN FRANCISQUITO CANYON RD
01 CITY : GREEN VALLEY ESTATES
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030990147 MORTGAGORS: FINKE ALAN
LIMESAND ELIZABETH
REGION CODE ADDRESS : 4618 ROSS GATE WAY
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 258,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,126.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,895.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.27200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,326,300.00
P & I AMT: 9,586.04
UPB AMT: 1,325,526.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 287
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030990154 MORTGAGORS: ANDERSON VICKY
REGION CODE ADDRESS : 937 WINDSOR HILLS CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 235,960.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,793.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030990162 MORTGAGORS: NGUYEN TUAN
NGUYEN SANDRA
REGION CODE ADDRESS : 1146 CHURCH STREET
01 CITY : MOUNTIAN VIEW
STATE/ZIP : CA 94041
MORTGAGE AMOUNT : 343,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,963.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,488.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030990337 MORTGAGORS: SCHER MARK
SCHER FRANCES
REGION CODE ADDRESS : 2720 SILVER HAMMER WAY
01 CITY : BROOKEVILLE
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 250,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,064.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.78000
----------------------------------------------------------------
0 0030990360 MORTGAGORS: MELE RONALD
MELE LORRAINE
REGION CODE ADDRESS : 25092 CAROLWOOD
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 225,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,740.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030990378 MORTGAGORS: WALSH THOMAS
REGION CODE ADDRESS : 536 VISTA GRANDE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,844.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,293,310.00
P & I AMT: 9,314.21
UPB AMT: 1,292,406.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 288
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030990394 MORTGAGORS: BRUNO BRUCE
BRUNO VITA
REGION CODE ADDRESS : 21970 VIA REGINA
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 620,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 619,573.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,495.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.26310
----------------------------------------------------------------
0 0030990410 MORTGAGORS: DAYRIT MELVIN
DAYRIT LENNY
REGION CODE ADDRESS : 12 CELESTE PLACE
01 CITY : ROLLING HILLS ES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,858.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030990428 MORTGAGORS: BORENSTEIN JEFF
BORENSTEIN ESTER
REGION CODE ADDRESS : 18735 LISBURN PLACE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 78.77800
----------------------------------------------------------------
0 0030990444 MORTGAGORS: O'NEILL THOMAS
O'NEILL PATRICIA
REGION CODE ADDRESS : 270 FAIRVIEW COURT
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 313,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,289.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,298.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 74.64200
----------------------------------------------------------------
0 0030990451 MORTGAGORS: HUGHES RAYMOND
HUGHES ADRIENNE
REGION CODE ADDRESS : 1009 DIAMOND OAKS COURT
01 CITY : BEL AIR
STATE/ZIP : MD 21014
MORTGAGE AMOUNT : 230,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,428.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,612.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,799,100.00
P & I AMT: 13,060.98
UPB AMT: 1,798,291.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 289
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030990477 MORTGAGORS: WANG ROBERT
XU FENYING
REGION CODE ADDRESS : 1039 HOOPER DRIVE
01 CITY : WEST COVINA
STATE/ZIP : CA 91791
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,765.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030990527 MORTGAGORS: ZAHN VICTOR
REGION CODE ADDRESS : 2722 NORTH ROXBURY STREET
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,788.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,309.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030990535 MORTGAGORS: NAEVE WILLIAM
NAEVE NANCY
REGION CODE ADDRESS : 26492 PALISADE DRIVE
01 CITY : DANA POINT
STATE/ZIP : CA 92624
MORTGAGE AMOUNT : 447,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,676.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,163.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.42100
----------------------------------------------------------------
0 0030990550 MORTGAGORS: SCROFANO ROBERT
SCROFANO SUZANNE
REGION CODE ADDRESS : 4960 KILBURN COURT
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 421,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,695.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,979.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.85900
----------------------------------------------------------------
0 0030990576 MORTGAGORS: MILLER KEVIN
MILLER KELLI
REGION CODE ADDRESS : 9122 S ROUNDTREE DRIVE
01 CITY : LITTLETON
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.91200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,907,000.00
P & I AMT: 13,577.24
UPB AMT: 1,905,925.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 290
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030990584 MORTGAGORS: GEIGER JEFFREY
GEIGER KELLY
REGION CODE ADDRESS : 36095 SW DIXON MILL ROAD
01 CITY : CORNELIUS
STATE/ZIP : OR 97113
MORTGAGE AMOUNT : 235,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,437.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.61000
----------------------------------------------------------------
0 0030990592 MORTGAGORS: HALESWORTH CHARLES
BROOKS-HALESWORTH MARION
REGION CODE ADDRESS : 75 LAWRENCE ROAD
01 CITY : TOWNSHIP OF RANDOLPH
STATE/ZIP : NJ 07869
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,829.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030990618 MORTGAGORS: FIFE MICHAEL
REGION CODE ADDRESS : 7550 FROG HOLLOW LANE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 221,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,797.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030990667 MORTGAGORS: MABANGLO DAVID
MABANGLO ELIZABETH
REGION CODE ADDRESS : 5555 RIDGEWOOD DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,029.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.76110
----------------------------------------------------------------
0 0030990717 MORTGAGORS: BOSWELL DAVID
LY TRAMY
REGION CODE ADDRESS : 3699 DEEDHAM DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,828.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.57570
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,240,750.00
P & I AMT: 9,133.89
UPB AMT: 1,239,922.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 291
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030990725 MORTGAGORS: STEDFAST SARAH
STEDFAST PHILIP
REGION CODE ADDRESS : 7366 CHEVY CIRCLE
01 CITY : NORFOLK
STATE/ZIP : VA 23505
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,830.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030991095 MORTGAGORS: BLAIR LAWRENCE
BLAIR TERESA
REGION CODE ADDRESS : 13937 LYNDE AVENUE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 397,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,712.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,809.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.55000
----------------------------------------------------------------
0 0030991111 MORTGAGORS: THOMAS ROB
THOMAS JANINE
REGION CODE ADDRESS : 4014 CHANNEL PLACE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 471,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,691.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,497.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030991145 MORTGAGORS: HSU JASON
HSU JOAN
REGION CODE ADDRESS : 6778 EDDINGHILL DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,267.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030991152 MORTGAGORS: WILHEM STEPHEN
SULLIVAN STACEY
REGION CODE ADDRESS : 2501 CHELSEA ROAD
01 CITY : PALOS VERDES ESTATE
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,758.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,767,500.00
P & I AMT: 12,712.48
UPB AMT: 1,766,261.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 292
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030991186 MORTGAGORS: PENROSE MICHAEL
PENROSE CAROLYN
REGION CODE ADDRESS : 1070 PESCADOR DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,697.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,190.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0030991194 MORTGAGORS: PHALAN JEFFREY
REGION CODE ADDRESS : 1202 SPRUANCE STREET
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,788.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030991210 MORTGAGORS: SNYDER STEVEN
SNYDER KIMBERLY
REGION CODE ADDRESS : 1491 BRYAN AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 236,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,333.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.54000
----------------------------------------------------------------
0 0030991228 MORTGAGORS: ANTONOPOULOS EVANGELOS
ANTONOPOULOS MARIA
REGION CODE ADDRESS : 1812 JOHNSTON AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,336.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 51.67300
----------------------------------------------------------------
0 0030991293 MORTGAGORS: PADULA PHILIP
PADULA VICTORIA
REGION CODE ADDRESS : 8277-8281 CAMINO DEL ORO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 666,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 665,802.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,888.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 015
LTV : 65.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,905,250.00
P & I AMT: 13,917.77
UPB AMT: 1,903,958.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 293
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030991368 MORTGAGORS: GARRETT SHARON
REGION CODE ADDRESS : 1154 ILIFF STREET
01 CITY : PACIFIC PALASIDES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,682.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,223.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 48.43900
----------------------------------------------------------------
0 0030991384 MORTGAGORS: SOLT DAVID
SOLT FRANCE
REGION CODE ADDRESS : 27862 VIA ESTANCIA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030991392 MORTGAGORS: LEVY JEFF
REGION CODE ADDRESS : 12312 CANYON TERRACE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,803.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030991400 MORTGAGORS: CHAO KANG
KU I-LIEN
REGION CODE ADDRESS : 925 PALOMA DRIVE
01 CITY : ARCADIA
STATE/ZIP : CA 91007
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.72800
----------------------------------------------------------------
0 0030991426 MORTGAGORS: DEL VECCHIO PETER
DEL VECCHIO TANYA
REGION CODE ADDRESS : 1674 NEWCASTLE DRIVE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,788.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 51.28200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,538,000.00
P & I AMT: 10,996.90
UPB AMT: 1,536,909.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 294
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030991442 MORTGAGORS: HENNEMAN MICHAEL
SHADIC ELIANA
REGION CODE ADDRESS : 3741 FLORIAN STREET
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,436.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99623
----------------------------------------------------------------
0 0030991491 MORTGAGORS: LAMBERT CYNTHIA
LAMBERT JEFFREY
REGION CODE ADDRESS : 8751 NIPAWIN WAY
01 CITY : ORANGEVALE
STATE/ZIP : CA 95662
MORTGAGE AMOUNT : 292,720.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,518.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030991962 MORTGAGORS: TSOU ERIC
TSOU RACHEL
REGION CODE ADDRESS : 3333 BEARD ROAD
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0030991970 MORTGAGORS: LEE JOHNSON
LEE JENNIFER
REGION CODE ADDRESS : 13193 VIA ARRIBA DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 570,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 570,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,037.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.38570
----------------------------------------------------------------
0 0030991996 MORTGAGORS: CLARK RANDALL
NIXON-CLARK ELIZABETH
REGION CODE ADDRESS : 19745 ANADALE DRIVE
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,398.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.75300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,723,720.00
P & I AMT: 12,455.94
UPB AMT: 1,723,355.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 295
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030992002 MORTGAGORS: KASTELAN JOSEPH
KASTELAN LISA
REGION CODE ADDRESS : 1817 PESCADORES AVENUE(SAN PEDRO AR
01 CITY : LOS ANGELES
STATE/ZIP : CA 90732
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,843.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.35480
----------------------------------------------------------------
0 0030992010 MORTGAGORS: FREEDMAN DWIGHT
FREEDMAN GAYE
REGION CODE ADDRESS : 1081 NOBLE LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030992028 MORTGAGORS: CARTER JOHN
CARTER ANNIE
REGION CODE ADDRESS : 3099 S PONTE VEDRA BEACH
01 CITY : JACKSONVILLE BEACH
STATE/ZIP : FL 32250
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,774.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030992036 MORTGAGORS: ASPROMONTE VINCENT
REGION CODE ADDRESS : 13089 CAMINITO DEL ROCIO
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,791.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
0 0030992457 MORTGAGORS: SOLOMON DAVID
SOLOMON WENDY
REGION CODE ADDRESS : 9 BLUE ROCK COURT
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,793.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.01000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,491,000.00
P & I AMT: 10,772.42
UPB AMT: 1,490,202.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 296
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030992499 MORTGAGORS: LIN CHUNKUAN
LIN WEIFEN
REGION CODE ADDRESS : 13522 SANDERLING PLACE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 278,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,238.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0030992697 MORTGAGORS: MAHON SEAN
MAHON EVELYN
REGION CODE ADDRESS : 316 EAST MARIPOSA AVENUE
01 CITY : EL SEGUNDO
STATE/ZIP : CA 90245
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.84600
----------------------------------------------------------------
0 0030992705 MORTGAGORS: MOLER RANDALL
MOLER NANCY
REGION CODE ADDRESS : 1 HILLSIDE LANE
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 367,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,601.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0030992754 MORTGAGORS: WOOD DANIEL
WOOD KRISTINE
REGION CODE ADDRESS : 18225 PAMELA PLACE
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,766.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.00000
----------------------------------------------------------------
0 0030992770 MORTGAGORS: GOLDSMITH ANDREW
GOLDSMITH SHARI
REGION CODE ADDRESS : 2524 CAMBERWELL COURT
01 CITY : HERNDON
STATE/ZIP : VA 22071
MORTGAGE AMOUNT : 271,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,048.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,485,300.00
P & I AMT: 10,414.91
UPB AMT: 1,484,653.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 297
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030992788 MORTGAGORS: SMITH DAVID
SMITH CHRISTINE
REGION CODE ADDRESS : 1321 PAVILION CLUB WAY
01 CITY : RESTON
STATE/ZIP : VA 22094
MORTGAGE AMOUNT : 290,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,195.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030993026 MORTGAGORS: COBEZ ROBERT
SURRELL LINDA
REGION CODE ADDRESS : 215 CALCITA DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,778.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 67.80000
----------------------------------------------------------------
0 0030993034 MORTGAGORS: CAMACHO VICTOR
CAMACHO PATTY
REGION CODE ADDRESS : 3709 LOTUS DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,803.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.07600
----------------------------------------------------------------
0 0030993059 MORTGAGORS: BARNEY JOANNA
COY HAROLD
REGION CODE ADDRESS : 10 BUTTERFLY LANE
01 CITY : KENTFIELD
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,646.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,328.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030993067 MORTGAGORS: COOPER WM.
COOPER TERI
REGION CODE ADDRESS : 6878 CORTE SONADA
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 310,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,337.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,173.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,701,200.00
P & I AMT: 12,165.41
UPB AMT: 1,699,761.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 298
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030993075 MORTGAGORS: COSTA CLARENCE
COSTA MARY
REGION CODE ADDRESS : 4507 CORTLAND DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,753.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,367.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030993133 MORTGAGORS: RENAUD MICHELLE
SCHLAFER ANN
REGION CODE ADDRESS : 6115 WATCHTOWER ROAD NE
01 CITY : TACOMA
STATE/ZIP : WA 98422
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,840.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,557.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030993158 MORTGAGORS: CAMPBELL RICHARD
CAMPBELL SUSANNA
REGION CODE ADDRESS : 1983 LAS POSAS ROAD
01 CITY : CORONA
STATE/ZIP : CA 91720
MORTGAGE AMOUNT : 231,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,836.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.74400
----------------------------------------------------------------
0 0030993166 MORTGAGORS: D'ALOISIO ANDREW
D'ALOISIO LINDA
REGION CODE ADDRESS : 206 CHESTERTOWN STREET
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,825.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.97500
----------------------------------------------------------------
0 0030993190 MORTGAGORS: BISHOP JAMES
REGION CODE ADDRESS : 4320 ST CHARLES WAY
01 CITY : BOCA RATON
STATE/ZIP : FL 33434
MORTGAGE AMOUNT : 255,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,782.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 63.04100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,394,950.00
P & I AMT: 10,387.36
UPB AMT: 1,394,039.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 299
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030993216 MORTGAGORS: HENLEY PATRICK
HENLEY KARLA
REGION CODE ADDRESS : 5702 FOX MEADOW DRIVE
01 CITY : OAK RIDGE
STATE/ZIP : NC 27310
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,837.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.40900
----------------------------------------------------------------
0 0030993224 MORTGAGORS: PERL MICHAEL
REGION CODE ADDRESS : 41 CANDLEWOOD DRIVE
01 CITY : WEST HARTFORD
STATE/ZIP : CT 06117
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,809.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 53.76300
----------------------------------------------------------------
0 0030993257 MORTGAGORS: PESCI WILLIAM
PESCI ROSALIEE
REGION CODE ADDRESS : 4911 GARDENFORD
01 CITY : KINGWOOD
STATE/ZIP : TX 77345
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,837.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0030993265 MORTGAGORS: GOODMAN ROBERT
GOODMAN DIANE
REGION CODE ADDRESS : 64 GROVE AVENUE
01 CITY : LARCHMONT
STATE/ZIP : NY 10538
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,676.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 49.41800
----------------------------------------------------------------
0 0030993273 MORTGAGORS: WEBER LAWRENCE
GERDES MARY
REGION CODE ADDRESS : 5 WOOD ROAD
01 CITY : REDDING
STATE/ZIP : CT 06896
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,739.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,369.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.11200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,473,000.00
P & I AMT: 10,271.37
UPB AMT: 1,471,900.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 300
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030993281 MORTGAGORS: HOLTZMAN HERBERT
TOMER SHERRI
REGION CODE ADDRESS : 2279 SEMINOLE ROAD # 3
01 CITY : ATLANTIC BEACH
STATE/ZIP : FL 32233
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,202.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 86.72700
----------------------------------------------------------------
0 0030993307 MORTGAGORS: SMITH BRADLEY
SMITH LORI
REGION CODE ADDRESS : 30303 OAK TREE DRIVE
01 CITY : GEORGETOWN
STATE/ZIP : TX 78628
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,832.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 69.44400
----------------------------------------------------------------
0 0030993323 MORTGAGORS: GIAMBRA MICHAEL
GIAMBRA VICTORIA
REGION CODE ADDRESS : 2062 BAKERS MILL ROAD
01 CITY : DACULA
STATE/ZIP : GA 30211
MORTGAGE AMOUNT : 384,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,571.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,723.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0030993356 MORTGAGORS: ROBERTS TRUMAN
ROBERTS PAMELA
REGION CODE ADDRESS : 9317 DOSIER COVE WEST
01 CITY : FORT WORTH
STATE/ZIP : TX 76179
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030993364 MORTGAGORS: GILL WILLIAM
GILL CLARA
REGION CODE ADDRESS : 1919 SHARON LANE
01 CITY : CHARLOTTE
STATE/ZIP : NC 28211
MORTGAGE AMOUNT : 254,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,660.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.69800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,428,200.00
P & I AMT: 10,276.46
UPB AMT: 1,427,049.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 301
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030993380 MORTGAGORS: YANT WILLIAM
YANT LORI
REGION CODE ADDRESS : 365 SOUTH BLAKESLEE ROAD
01 CITY : OAKLAND
STATE/ZIP : MD 21550
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,314.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.83900
----------------------------------------------------------------
0 0030993414 MORTGAGORS: TREASTER JAMES
TREASTER PENNY
REGION CODE ADDRESS : 3612 SNIDOW DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,796.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030993448 MORTGAGORS: CASMEDES HARRY
CASMEDES KATHERRYN
REGION CODE ADDRESS : 2006 PLUMBROOK DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,328.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030993489 MORTGAGORS: NAUM CHRIS
NAUM SHELLY
REGION CODE ADDRESS : 1439 QUAIL POINTE DRIVE
01 CITY : CARMEL
STATE/ZIP : IN 46032
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,759.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0030993497 MORTGAGORS: LANGEVIN ROBERT
LARSEN YLENE
REGION CODE ADDRESS : 6426 DAHLONEGA ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,714.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.19400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,521,000.00
P & I AMT: 10,835.59
UPB AMT: 1,519,912.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 302
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030993505 MORTGAGORS: BORYK MICHAEL
BORYK CAROL
REGION CODE ADDRESS : 336 HUNNER ROAD
01 CITY : PASADENA
STATE/ZIP : MD 21122
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,689.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,152.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0030993513 MORTGAGORS: TAYLOR TERENCE
REGION CODE ADDRESS : 1249 S OGDEN STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90019
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,841.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.76900
----------------------------------------------------------------
0 0030993521 MORTGAGORS: MORREALE ANTHONY
MORREALE SUZANNE
REGION CODE ADDRESS : 552 CANYON DRIVE
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 517,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 516,670.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,884.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 65.44300
----------------------------------------------------------------
0 0030993539 MORTGAGORS: GRIVAS GLENEN
GRIVAS EMELY
REGION CODE ADDRESS : 139 LUCCA DRIVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 372,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,243.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,700.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.80400
----------------------------------------------------------------
0 0030993547 MORTGAGORS: CASTANEDA JOHN
CASTANEDA ANA
REGION CODE ADDRESS : 1212 BRETMOOR
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,811.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.65000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,819,500.00
P & I AMT: 13,245.07
UPB AMT: 1,818,256.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 303
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030993570 MORTGAGORS: GRAY GARY
GRAY KELLY
REGION CODE ADDRESS : 410 THISTLE WAY
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 254,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,420.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.79700
----------------------------------------------------------------
0 0030993588 MORTGAGORS: CHEN TIEN-YOU
SU CHING-CHING
REGION CODE ADDRESS : 1431 GRAYWOOD DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 438,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,139.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.41530
----------------------------------------------------------------
0 0030993604 MORTGAGORS: MESICA ZURI
MESICA LESLEY
REGION CODE ADDRESS : 4063 BENEDICT CANYON DRIVE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 577,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 577,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,183.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.28400
----------------------------------------------------------------
0 0030993612 MORTGAGORS: TULLY RANDALL
TULLY PATRICIA
REGION CODE ADDRESS : 728 CRYSTAL LANE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,708.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,074.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.38500
----------------------------------------------------------------
0 0030993620 MORTGAGORS: MARTIN WILLIAM
MARTIN SUSAN
REGION CODE ADDRESS : 872 COLINA VISTA STREET
01 CITY : VENTURA
STATE/ZIP : CA 93003
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.78720
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,918,800.00
P & I AMT: 13,794.48
UPB AMT: 1,918,328.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 304
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030993646 MORTGAGORS: BROCK ELIZABETH
GREENAWALT ROBERT
REGION CODE ADDRESS : 4312 MISSION COURT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 323,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,509.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0030993653 MORTGAGORS: STEPHAN JOHN
STEPHAN MARIA
REGION CODE ADDRESS : 285 E PAUL REVERE COURT
01 CITY : CHESTERTON
STATE/ZIP : IN 46304
MORTGAGE AMOUNT : 251,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,127.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 55.23000
----------------------------------------------------------------
0 0030993661 MORTGAGORS: SCAVEN ANTHONY
SCAVEN KAREN
REGION CODE ADDRESS : 25400 N.E. 53RD ST
01 CITY : VANCOUVER
STATE/ZIP : WA 98682
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,772.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.68200
----------------------------------------------------------------
0 0030993679 MORTGAGORS: DEKSHENIEKS CRAIG
DEKSHENIEKS CAROL
REGION CODE ADDRESS : 4005 MONTGLENN TRACE
01 CITY : CUMMING
STATE/ZIP : GA 30131
MORTGAGE AMOUNT : 228,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,242.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.88900
----------------------------------------------------------------
0 0030993737 MORTGAGORS: HILL MARK
KHOO BRYAN
REGION CODE ADDRESS : 510 SAN FELICIA WAY
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 505,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 505,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,617.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.51500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,638,450.00
P & I AMT: 11,752.48
UPB AMT: 1,637,652.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 305
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030993745 MORTGAGORS: MOCKLER DONALD
MOCKLER JOAN
REGION CODE ADDRESS : 29 SILKWOOD
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 250,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,527.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0030993752 MORTGAGORS: TRUONG HOAN
THAI TUYET
REGION CODE ADDRESS : 13914 64TH STREET W
01 CITY : EDMONDS
STATE/ZIP : WA 98023
MORTGAGE AMOUNT : 258,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,076.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0030993778 MORTGAGORS: BILDER PETER
BILDER MICHELLE
REGION CODE ADDRESS : 19561 SIERRA SOTO ROAD
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,804.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030993794 MORTGAGORS: ELDER LINDA
REGION CODE ADDRESS : 804 SOUTH COTTONTAIL LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 307,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,222.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,339.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030993828 MORTGAGORS: DOMINITZ JASON
YOUNG JOSEPHINE
REGION CODE ADDRESS : 5423 134TH AVENUE SOUTHEAST
01 CITY : BELLEVUE
STATE/ZIP : WA 98006
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,639.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,892.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,361,750.00
P & I AMT: 10,003.85
UPB AMT: 1,360,270.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 306
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030993844 MORTGAGORS: CHERNE PHILIP
CHERNE ANNETTE
REGION CODE ADDRESS : 4293 AVOCADO AVENUE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,680.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0030993851 MORTGAGORS: SMITH GREG
SMITH SALLY
REGION CODE ADDRESS : 935 CHESTERFIELD LANE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,558.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,406.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030993877 MORTGAGORS: DIAMOND THEODORE
CHON MARGAGET
REGION CODE ADDRESS : 7006 SOUTHEAST MAKER STREET
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,034.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030993885 MORTGAGORS: VAN POELJE PAUL
REGION CODE ADDRESS : 6483 DOWLING DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,916.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030993893 MORTGAGORS: HOSKINSON CLARK
HOSKINSON KATHRYN
REGION CODE ADDRESS : 45709 SOUTHEAST 139TH PLACE
01 CITY : NORTH BEND
STATE/ZIP : WA 98045
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,573.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,156.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99574
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,421,700.00
P & I AMT: 10,382.50
UPB AMT: 1,419,764.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 307
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030993901 MORTGAGORS: ARMENTROUT PHILIP
ARMENTROUT DEBORAH
REGION CODE ADDRESS : 5570 AVENIDA DEL TREN
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 326,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,163.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,310.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0030993919 MORTGAGORS: FINNEGAN BRIAN
HERRERA SADIE
REGION CODE ADDRESS : 11070 MATTHEWS DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92682
MORTGAGE AMOUNT : 284,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,313.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,112.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 84.99600
----------------------------------------------------------------
0 0030993943 MORTGAGORS: HERRINGTON SANDY
HERRINGTON CAROL
REGION CODE ADDRESS : 3813 MAVERICK STREET
01 CITY : LAS VEGAS
STATE/ZIP : NV 89108
MORTGAGE AMOUNT : 236,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,748.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,779.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0030993976 MORTGAGORS: CAVANAUGH PATRICK
CAVANAUGH JENNIFER
REGION CODE ADDRESS : 12465 CASEY LANE
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80908
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,343.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.82681
----------------------------------------------------------------
0 0030994008 MORTGAGORS: BACHMAN-HIDLEY RUTH
KAMRATH ANGELA
REGION CODE ADDRESS : 1207 CALLE CHRISTOPHER
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,812.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.94100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,351,300.00
P & I AMT: 9,871.77
UPB AMT: 1,350,383.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 308
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030994024 MORTGAGORS: WEINSTOCK SHEILA
WEINSTOCK J.
REGION CODE ADDRESS : 13055 SEAGROVE STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 370,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,982.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,620.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.16600
----------------------------------------------------------------
0 0030994065 MORTGAGORS: KARLMAN PAUL
LOW BECKY
REGION CODE ADDRESS : 1629 CARLSON LANE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,215.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030994073 MORTGAGORS: AGER JULIE
AGER BRIAN
REGION CODE ADDRESS : 1218 FAIRFIELD ESTATES LANE
01 CITY : CROWNSVILLE
STATE/ZIP : MD 21032
MORTGAGE AMOUNT : 241,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,929.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0030994313 MORTGAGORS: DAVIS ROBERT
DAVIS JULIANNE
REGION CODE ADDRESS : 1571 RANCHO HILLS DR
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,803.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,140.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 78.91800
----------------------------------------------------------------
0 0030994370 MORTGAGORS: BERGER CHARLES
BERGER KARIN
REGION CODE ADDRESS : 2654 WEST 225TH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,421,750.00
P & I AMT: 10,157.65
UPB AMT: 1,420,931.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 309
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030994479 MORTGAGORS: PATEL NAVNIT
PATEL PALLAVI
REGION CODE ADDRESS : 829 NORTH PARISH PLACE
01 CITY : BURBANK
STATE/ZIP : CA 91506
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030994487 MORTGAGORS: JENSEN MAGDELINE
SULESKI ANTHONY
REGION CODE ADDRESS : 802 EAST PLACITA DE ROBERTA
01 CITY : TUCSON
STATE/ZIP : AZ 85718
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,840.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030994495 MORTGAGORS: MONTGOMERY DAVID
MONTGOMERY DIANE
REGION CODE ADDRESS : 11080 DRYDEN DRIVE
01 CITY : RENO
STATE/ZIP : NV 89511
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,791.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 65.81700
----------------------------------------------------------------
0 0030994560 MORTGAGORS: SALERNO JUDY
REGION CODE ADDRESS : 1304 CASTLE WALL ST
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,782.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,660.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 58.70900
----------------------------------------------------------------
0 0030994644 MORTGAGORS: BARBOUR KAREN
BARBOUR RICHARD
REGION CODE ADDRESS : 3315 STONEY MIST DRIVE
01 CITY : SUGAR LAND
STATE/ZIP : TX 77479
MORTGAGE AMOUNT : 252,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,860.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,850.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,369,200.00
P & I AMT: 10,058.04
UPB AMT: 1,368,274.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 310
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030994651 MORTGAGORS: KARANGES NICK
KARANGES GAYLE
REGION CODE ADDRESS : 4500 ANGLIN CIRCLE
01 CITY : FORT WORTH
STATE/ZIP : TX 76140
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.42100
----------------------------------------------------------------
0 0030994669 MORTGAGORS: SHERFEY TIMOTHY
SHERFEY LANESA
REGION CODE ADDRESS : 2311 HIGHLANDS CREEK BOULEVARD
01 CITY : CARROLLTON
STATE/ZIP : TX 75007
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,421.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030994685 MORTGAGORS: JONES TERRY
JONES RHETA
REGION CODE ADDRESS : 2806 TRAIL LODGE
01 CITY : KINGWOOD
STATE/ZIP : TX 77339
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,827.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030994693 MORTGAGORS: BELSKY JON
BELSKY ELIZABETH
REGION CODE ADDRESS : 19681 RIVERSIDE DRIVE
01 CITY : TEQUESTA
STATE/ZIP : FL 33469
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,772.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030994727 MORTGAGORS: WIGHT PAUL
WIGHT HELEN
REGION CODE ADDRESS : 134 CLUBHOUSE DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78734
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,435,600.00
P & I AMT: 10,309.67
UPB AMT: 1,435,248.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 311
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030994750 MORTGAGORS: TURNER PAUL
TURNER CLAIRE M
REGION CODE ADDRESS : 54 THE ALAMEDA
01 CITY : EL GRANADA
STATE/ZIP : CA 94018
MORTGAGE AMOUNT : 290,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,689.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,058.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.09000
----------------------------------------------------------------
0 0030994768 MORTGAGORS: LISONI ANTOINETTE
JONES SUSAN
REGION CODE ADDRESS : 5274 LAUREL DRIVE
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,836.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030994784 MORTGAGORS: LEVINSON DAVID
LEVINSON JANICE
REGION CODE ADDRESS : 3115 DEEP CANYON DR
01 CITY : LOS ANGELES
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 565,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 564,601.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,047.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.47000
----------------------------------------------------------------
0 0030994826 MORTGAGORS: MORPHEW FORREST
MORPHEW EPHIMIA
REGION CODE ADDRESS : 400 GREENWOOD BEACH RD
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 511,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 510,674.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,838.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 67.41400
----------------------------------------------------------------
0 0030994834 MORTGAGORS: LEE STEVEN
LEE PAMELA
REGION CODE ADDRESS : 2505 ARLOTTA PLACE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,788.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 47.61900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,910,900.00
P & I AMT: 13,885.30
UPB AMT: 1,909,589.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 312
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030994859 MORTGAGORS: BAER NEIL
REGION CODE ADDRESS : 55 BRENTWOOD DR
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,750.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.05800
----------------------------------------------------------------
0 0030994867 MORTGAGORS: MOLDENHAUER CALVIN
MOLDENHAUER DANA
REGION CODE ADDRESS : 502 12TH ST
01 CITY : PACIFIC GROVE
STATE/ZIP : CA 93950
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,841.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.01500
----------------------------------------------------------------
0 0030994875 MORTGAGORS: GALENDER DANIEL
GALENDER LINDA
REGION CODE ADDRESS : 2240 PAPPAS PLACE
01 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,769.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,613.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.22200
----------------------------------------------------------------
0 0030994883 MORTGAGORS: FARRIS MICHAEL
FARRIS LAURA
REGION CODE ADDRESS : 2355 DE VARONA PL.
01 CITY : SANTA CLARA
STATE/ZIP : CA 95050
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.61100
----------------------------------------------------------------
0 0030994891 MORTGAGORS: DUCKERING RUSSELL
DUCKERING PAMELA
REGION CODE ADDRESS : 285 FIRESTONE DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,798.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,465,000.00
P & I AMT: 10,537.87
UPB AMT: 1,464,160.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 313
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030994917 MORTGAGORS: ENGEL JOANNE
HALLER ELLEN
REGION CODE ADDRESS : 457 FREDERICK STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 506,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 505,614.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,494.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.09000
----------------------------------------------------------------
0 0030994933 MORTGAGORS: MARSHALL RUSSELL
MARSHALL BRENDA
REGION CODE ADDRESS : 27 WARRICK COURT
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 283,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.94300
----------------------------------------------------------------
0 0030995005 MORTGAGORS: CIEPIEL ANTHONY
CIEPIEL TINA
REGION CODE ADDRESS : 7399 MCSHU LANE
01 CITY : HUDSON
STATE/ZIP : OH 44236
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0030995765 MORTGAGORS: MARTIN RICHARD
MARTIN MISAGHIEH
REGION CODE ADDRESS : 18005 FARMHILL LANE
01 CITY : SALINAS
STATE/ZIP : CA 93907
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,333.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030995773 MORTGAGORS: BANCILHON JEAN-YVES
BANCILHON PILAR
REGION CODE ADDRESS : 5515 DEL ORO COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,816,900.00
P & I AMT: 12,795.08
UPB AMT: 1,816,348.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 314
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030995781 MORTGAGORS: BATES JAMES
BATES SANDRA
REGION CODE ADDRESS : 1227 HIGHLAND DRIVE
01 CITY : NOVATO
STATE/ZIP : CA 94949
MORTGAGE AMOUNT : 268,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,324.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 63.92800
----------------------------------------------------------------
0 0030995799 MORTGAGORS: CHAN TOM
LEE DORIS
REGION CODE ADDRESS : 43 LEDGEWOOD DRIVE
01 CITY : LAS FLORES
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 295,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,585.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,093.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0030995807 MORTGAGORS: BHATT RANJAN
BHATT KIRAN
REGION CODE ADDRESS : 585 CLYDE COURT
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 374,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,242.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,715.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.01100
----------------------------------------------------------------
0 0030995831 MORTGAGORS: DOOLITTLE DIANE
REGION CODE ADDRESS : 2671 DUMBARTON AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,803.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.32100
----------------------------------------------------------------
0 0030995849 MORTGAGORS: DUMON THOMAS
DUMON MARSHA
REGION CODE ADDRESS : 17831 FAIRHAVEN AVENUE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,822.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 82.77000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,800.00
P & I AMT: 10,610.42
UPB AMT: 1,468,778.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 315
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030995856 MORTGAGORS: ALLEN MARK
CHIN CAROLYN
REGION CODE ADDRESS : 1563 FUNSTON AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,823.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030995872 MORTGAGORS: DOSHI SAMIR
DOSHI SHEFALI
REGION CODE ADDRESS : 37 WHISPERING PINE
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 217,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,638.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,522.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030995930 MORTGAGORS: EARLEY JOLENE
REGION CODE ADDRESS : 2475 MANCHESTER AVENUE
01 CITY : CARDIFF
STATE/ZIP : CA 92007
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.16660
----------------------------------------------------------------
0 0030995955 MORTGAGORS: INTRACHAT PALLOP
REGION CODE ADDRESS : 2245 VERMONT ST
01 CITY : LAWRENCE
STATE/ZIP : KS 66046
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,831.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 67.63100
----------------------------------------------------------------
0 0030996003 MORTGAGORS: HARDIN JEFFREY
REGION CODE ADDRESS : 7806 HERITAGE FARM DRIVE
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20879
MORTGAGE AMOUNT : 265,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,053.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,281,050.00
P & I AMT: 9,183.73
UPB AMT: 1,280,347.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 316
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030996037 MORTGAGORS: COURTEMANCHE JERRY
COURTEMANCHE HSIU-JEN
REGION CODE ADDRESS : 1 BLACK STALLION COURT
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 232,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,227.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.99100
----------------------------------------------------------------
0 0030996094 MORTGAGORS: SELDIN DONNA
REGION CODE ADDRESS : 13608 TURNMORE ROAD
01 CITY : SILVER SPRING
STATE/ZIP : MD 20906
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,799.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.52400
----------------------------------------------------------------
0 0030996250 MORTGAGORS: FOUGHT DANIEL
FOUGHT KATHLEEN
REGION CODE ADDRESS : 533 SHOREWOOD
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 249,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,446.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.19600
----------------------------------------------------------------
0 0030996409 MORTGAGORS: HEYMANN RICHARD
REGION CODE ADDRESS : 1533 NE SISKIYOU STREET
01 CITY : PORTLAND
STATE/ZIP : OR 97212
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,815.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030996607 MORTGAGORS: BAUGH THOMAS
REGION CODE ADDRESS : 18716 NAUTICAL DRIVE
01 CITY : CORNELIUS
STATE/ZIP : NC 28031
MORTGAGE AMOUNT : 235,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,942.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98989
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,242,250.00
P & I AMT: 8,963.18
UPB AMT: 1,241,231.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 317
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030996623 MORTGAGORS: KIM SAMUEL
REGION CODE ADDRESS : 14209 ROYAL FOREST LN
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 315,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,659.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030996748 MORTGAGORS: HURLEY ALLEN
HURLEY SHEILA
REGION CODE ADDRESS : 1210 GREGORY
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030996755 MORTGAGORS: ROSENTHAL SUZANNE
ROSENTHAL VIN
REGION CODE ADDRESS : 901 EDGEMERE COURT
01 CITY : EVANSTON
STATE/ZIP : IL 60202
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,832.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 41.66600
----------------------------------------------------------------
0 0030997605 MORTGAGORS: BOCKMAN ROBERT
BOCKMAN DIANNE
REGION CODE ADDRESS : 19515 NE DAWN LANE
01 CITY : YACOLT
STATE/ZIP : WA 98675
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,015.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0030997761 MORTGAGORS: BRINGEL RICHARD
BRINGEL PATRICIA
REGION CODE ADDRESS : 109 LARK COURT
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 49.65900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,473,900.00
P & I AMT: 10,535.64
UPB AMT: 1,473,491.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 318
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030997878 MORTGAGORS: SHERMAN STEVE
SHERMAN MARY
REGION CODE ADDRESS : 1625 DESERT FORT STREET
01 CITY : LAS VEGAS
STATE/ZIP : NV 89128
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,822.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030997928 MORTGAGORS: PELUSO SAMUEL
PELUSO LYNN
REGION CODE ADDRESS : 23 SOUTH RIDGE ROAD
01 CITY : FARMINGTON
STATE/ZIP : CT 06032
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,789.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030997936 MORTGAGORS: WELLS MARSHALL
WELLS BETSY
REGION CODE ADDRESS : 3006 WOODSIDE MEADOWS ROAD
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 274,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,610.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030998298 MORTGAGORS: SIDOW PETER
REGION CODE ADDRESS : 5895 DUNESVILLE STREET
01 CITY : LAS VEGAS
STATE/ZIP : NV 89118
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,820.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.52900
----------------------------------------------------------------
0 0030998744 MORTGAGORS: KAPE BRIAN
KAPE LAURIE
REGION CODE ADDRESS : 862 KNOLLWOOD TERRACE
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 66.36700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,437,800.00
P & I AMT: 10,377.34
UPB AMT: 1,437,043.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 319
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030998942 MORTGAGORS: NORRIS CHARLES
NORRIS URSULA
REGION CODE ADDRESS : 24426 SOUTH RIBBONWOOD DRIVE
01 CITY : SUN LAKE
STATE/ZIP : AZ 85248
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030998967 MORTGAGORS: BOBICH MATT
BOBICH LINDA
REGION CODE ADDRESS : 1840 SHORE DRIVE
01 CITY : ANCHORAGE
STATE/ZIP : AK 99515
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,854.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030999114 MORTGAGORS: SMITH JENNIFER
REGION CODE ADDRESS : 4701 J SOUTH WOODLAND AVENUE-APT J
01 CITY : CHICAGO
STATE/ZIP : IL 60615
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,319.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030999122 MORTGAGORS: CASTER PHILIP
CASTER LORI
REGION CODE ADDRESS : 7422 LONEWOLF COURT
01 CITY : FAIRVIEW HEIGHTS
STATE/ZIP : IL 62208
MORTGAGE AMOUNT : 291,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,854.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0030999155 MORTGAGORS: SMITH WILLIAM
SMITH JONI
REGION CODE ADDRESS : 8501 REDLEAF LANE
01 CITY : ORLANDO
STATE/ZIP : FL 32819
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,775.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,363.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.52500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,527,550.00
P & I AMT: 11,226.60
UPB AMT: 1,526,950.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 320
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030999171 MORTGAGORS: BRUGGER WILLIAM
BRUGGER EILEEN
REGION CODE ADDRESS : 851 10TH AVENUE NORTH
01 CITY : EDMONDS
STATE/ZIP : WA 98020
MORTGAGE AMOUNT : 249,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,128.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030999189 MORTGAGORS: TOPP UDO
REGION CODE ADDRESS : 915 TURLOUGH TRAIL
01 CITY : ALPHARETTA
STATE/ZIP : GA 30202
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,827.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.70100
----------------------------------------------------------------
0 0030999205 MORTGAGORS: SNYDER WILLIAM
SNYDER VITINA
REGION CODE ADDRESS : 3730 THUNDER WAY
01 CITY : MARIETTA
STATE/ZIP : GA 30066
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,821.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.75700
----------------------------------------------------------------
0 0030999213 MORTGAGORS: HUNT TERRY
REGION CODE ADDRESS : 1104 CHANTILLY CRESCENT
01 CITY : ATLANTA
STATE/ZIP : GA 30324
MORTGAGE AMOUNT : 210,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 209,848.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,486.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030999361 MORTGAGORS: RUFF MICHAEL
RUFF LETTY
REGION CODE ADDRESS : 3880 GREENMEADOW LANE
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,793.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,242,300.00
P & I AMT: 8,882.29
UPB AMT: 1,241,419.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 321
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030999403 MORTGAGORS: PRASAD ARUN
SINHA ANITA
REGION CODE ADDRESS : 3022 RIDGELAND AVENUE
01 CITY : LISLE
STATE/ZIP : IL 60532
MORTGAGE AMOUNT : 267,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,166.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,938.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030999429 MORTGAGORS: NORCOM JANET
REGION CODE ADDRESS : 2129 NORTH SCOTT STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22209
MORTGAGE AMOUNT : 387,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,176.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,775.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030999445 MORTGAGORS: KLINGE JOSEPH
KLINGE TERESA
REGION CODE ADDRESS : 4655 ABERFELDY ROAD
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,835.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.38400
----------------------------------------------------------------
0 0030999478 MORTGAGORS: SKRONDAL RICHARD
SKRONDAL JEAN
REGION CODE ADDRESS : 14093 AMBERWOOD CIRCLE
01 CITY : LAKE OSWEGO
STATE/ZIP : OR 97035
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,838.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.61100
----------------------------------------------------------------
0 0030999486 MORTGAGORS: HAMEL WILLIAM
HAMEL EVELYN
REGION CODE ADDRESS : 160 RUGBY ROAD
01 CITY : ARNOLD
STATE/ZIP : MD 21012
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,812.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.87300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,380,800.00
P & I AMT: 9,914.57
UPB AMT: 1,379,829.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 322
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030999502 MORTGAGORS: L'HUILLIER JOHN
L'HUILLIER MARIAN
REGION CODE ADDRESS : 109 SPYGLASS DRIVE
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,345.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,565.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.44600
----------------------------------------------------------------
0 0030999510 MORTGAGORS: HAFEN NELSON
HAFEN LAUREL
REGION CODE ADDRESS : 843 EAST 970 SOUTH CIRCLE
01 CITY : ST GEORGE
STATE/ZIP : UT 84790
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,828.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030999528 MORTGAGORS: MULGREW TOM
MULGREW LA-VOE
REGION CODE ADDRESS : 1219 CARL SEYFERT MEMORIAL DRIVE
01 CITY : BRENTWOOD
STATE/ZIP : TN 37027
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,799.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030999544 MORTGAGORS: BROVSKY EDWARD
BROVSKY DONNA
REGION CODE ADDRESS : 11033 CLAIRE CIRCLE
01 CITY : NORTHGLENN
STATE/ZIP : CO 80234
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,822.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030999577 MORTGAGORS: BARRETH RICHARD
BARRETH JAN
REGION CODE ADDRESS : 8746 TALL GRASS PLACE
01 CITY : LONE TREE
STATE/ZIP : CO 80124
MORTGAGE AMOUNT : 238,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,135.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.43300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,248,800.00
P & I AMT: 9,011.64
UPB AMT: 1,247,931.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 323
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030999601 MORTGAGORS: MOTAS ANDRZEJ
MOTAS IRENA
REGION CODE ADDRESS : 9285 S MOUNTAIN BRUSH PEAK
01 CITY : HIGJLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,020.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031001571 MORTGAGORS: MOSKALENKO ARNOLD
MOSKALENKO LARISA
REGION CODE ADDRESS : 24539 PARK GRANADA
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 48.62579
----------------------------------------------------------------
0 0031001597 MORTGAGORS: NINH BRYAN
NINH LIEU
REGION CODE ADDRESS : 4784 LINARO DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.18100
----------------------------------------------------------------
0 0031001621 MORTGAGORS: HARRINGTON SCOTT
HARRINGTON KRYSHA
REGION CODE ADDRESS : 2415 BURLINGTON STREET
01 CITY : OAKLAND
STATE/ZIP : CA 94602
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031001639 MORTGAGORS: WALSH SUSAN
REGION CODE ADDRESS : 9022 BARTON ROAD
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.71400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,275,200.00
P & I AMT: 9,292.39
UPB AMT: 1,275,020.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 324
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031001654 MORTGAGORS: ZEBERLEIN GEORGE
ZEBERLEIN JOAN
REGION CODE ADDRESS : 30 WILLIAMS DRIVE
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 223,146.66 OPTION TO CONVERT :
UNPAID BALANCE : 218,164.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/22
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.75618
----------------------------------------------------------------
0 0031001662 MORTGAGORS: EISNER ALAN
ROCHMAN JERI
REGION CODE ADDRESS : 11515 CANTON DRIVE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031001696 MORTGAGORS: COAPMAN ROBERT
COAPMAN MARY
REGION CODE ADDRESS : 3050 BRIDGER LANE
01 CITY : JACKSON
STATE/ZIP : WY 83001
MORTGAGE AMOUNT : 495,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,632.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,461.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.64200
----------------------------------------------------------------
0 0031001738 MORTGAGORS: FINCH DAVID
FINCH LINDA
REGION CODE ADDRESS : 25 SUMMER STREET
01 CITY : WRENTHAM
STATE/ZIP : MA 02093
MORTGAGE AMOUNT : 294,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,057.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,184.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0031003676 MORTGAGORS: MCBRIDE MICHAEL
MCBRIDE LINDA
REGION CODE ADDRESS : 304 REYNOLDS LANE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 242,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,460.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,555,046.66
P & I AMT: 11,185.60
UPB AMT: 1,549,315.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 325
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031003718 MORTGAGORS: ALLEN PAUL
ALLEN DARCEL
REGION CODE ADDRESS : 1449 WATERFRONT ROAD
01 CITY : RESTON
STATE/ZIP : VA 20194
MORTGAGE AMOUNT : 373,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,249.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,740.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031003742 MORTGAGORS: CASTLEBERRY MELBURN
CASTLEBERRY DIANE
REGION CODE ADDRESS : 171 OCTOBER PLACE
01 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,762.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,501.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.38600
----------------------------------------------------------------
0 0031003866 MORTGAGORS: MCCANN MERLE
REGION CODE ADDRESS : 213 NEW CASTLE AVENUE
01 CITY : REHOBOTH
STATE/ZIP : DE 19971
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,346.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031003882 MORTGAGORS: ROTHFARB MICHAEL
ROTHFARB LORENA
REGION CODE ADDRESS : 100 OLD CHARTWELL DRIVE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30302
MORTGAGE AMOUNT : 275,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,500.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031003924 MORTGAGORS: VOGEL RODGER
REGION CODE ADDRESS : 272 CROSS CREEK
01 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,840.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,473,700.00
P & I AMT: 10,755.66
UPB AMT: 1,472,698.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 326
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031004005 MORTGAGORS: LAMBDIN MARK
LAMBDIN BELLINA
REGION CODE ADDRESS : 47779 BRAWNER PLACE
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 242,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,310.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.94100
----------------------------------------------------------------
0 0031004955 MORTGAGORS: CHIAROMONTE THOMAS
CHIAROMONTE LEATRICE
REGION CODE ADDRESS : 18671 EAST PATRICIN DRIVE
01 CITY : VILLA PARK
STATE/ZIP : CA 92667
MORTGAGE AMOUNT : 427,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,099.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031004971 MORTGAGORS: MARTENKA DIANNE
WILSON DANIEL
REGION CODE ADDRESS : 508 ROSECRANS AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 389,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,788.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031004989 MORTGAGORS: ORENSTEIN STEVEN
ORENSTEIN JEAN
REGION CODE ADDRESS : 12938 BLOOMFIELD STREET
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,781.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.42857
----------------------------------------------------------------
0 0031005028 MORTGAGORS: SMITH GRANT
SMITH BARBARA
REGION CODE ADDRESS : 1054 NORSTAD STREET
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,825.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,982.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 76.28500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,651,200.00
P & I AMT: 11,909.43
UPB AMT: 1,650,618.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 327
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031005457 MORTGAGORS: BERGQUIST DAVID
REGION CODE ADDRESS : 2270 JUAN STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.07300
----------------------------------------------------------------
0 0031005929 MORTGAGORS: CHANCEY KEITH
CHANCEY MARGARET
REGION CODE ADDRESS : 3008 IROQUOIS ROAD
01 CITY : MEMPHIS
STATE/ZIP : TN 38111
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,759.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.90800
----------------------------------------------------------------
0 0031006125 MORTGAGORS: MENTI JANET
REGION CODE ADDRESS : 341 FLAX HILL ROAD
01 CITY : NORWALK
STATE/ZIP : CT 06854
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,836.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,538.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.32700
----------------------------------------------------------------
0 0031006174 MORTGAGORS: AIKEN TIMOTHY
AIKEN LORI
REGION CODE ADDRESS : 4574 BLUE MESA WAY
01 CITY : LAS VEGAS
STATE/ZIP : NV 89129
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,833.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,754.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.40500
----------------------------------------------------------------
0 0031009004 MORTGAGORS: MERKLEIN JACKIE
MERKLEIN MARY ELIZABETH
REGION CODE ADDRESS : 12151 KOUSA COURT
01 CITY : MANASSAS
STATE/ZIP : VA 20112
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,379.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,384,600.00
P & I AMT: 9,858.00
UPB AMT: 1,383,808.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 328
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031009632 MORTGAGORS: PATTERSON RICHARD
PATTERSON PATRICIA
REGION CODE ADDRESS : 205 CEDAR TREE LANE
01 CITY : HEATH
STATE/ZIP : TX 75087
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,834.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031009699 MORTGAGORS: WAINWRIGHT DANIEL
WAINWRIGHT DEBORAH
REGION CODE ADDRESS : 8035 EAST PAINT PONY DRIVE
01 CITY : CAREFREE
STATE/ZIP : AZ 85377
MORTGAGE AMOUNT : 398,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,218.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,854.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.70600
----------------------------------------------------------------
0 0031009723 MORTGAGORS: RYAN SEAN
RYAN CHRISTINA
REGION CODE ADDRESS : 513 FOX GLEN
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 383,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,515.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,683.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031010317 MORTGAGORS: SHANSKY RONALD
SHANSKY ANGELA
REGION CODE ADDRESS : 1441 N CLEAVELAND AVENUE #9
01 CITY : CHICAGO
STATE/ZIP : IL 60610
MORTGAGE AMOUNT : 266,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99400
----------------------------------------------------------------
0 0031010325 MORTGAGORS: PATKUNAS MICHAEL
REGION CODE ADDRESS : 465 CARPENTER DRIVE
01 CITY : PALATINE
STATE/ZIP : IL 60067
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,597.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,521,150.00
P & I AMT: 10,936.24
UPB AMT: 1,520,266.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 329
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031010333 MORTGAGORS: GREENSTEIN SHANNE
ROZENFELD RANNA
REGION CODE ADDRESS : 825 FOXDALE
01 CITY : WINNETKA
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 337,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,418.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031010820 MORTGAGORS: CELLA DAVID
WEBSTER KIMBERLY
REGION CODE ADDRESS : 823 MONTICELLO PLACE
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 362,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,562.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031011794 MORTGAGORS: CARSON DON
CARSON LANA
REGION CODE ADDRESS : 6445 EAST CALLE DEL MEDIA
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85251
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,798.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 52.47700
----------------------------------------------------------------
0 0031013220 MORTGAGORS: AKRY SHAUL
AKRY ORLY
REGION CODE ADDRESS : 16985 ENCINO HILL DRIVE
01 CITY : ENCINO
STATE/ZIP : CA 94136
MORTGAGE AMOUNT : 432,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 432,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,137.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.26080
----------------------------------------------------------------
0 0031016082 MORTGAGORS: CABRERA ANGEL
CABRERA MILVIA
REGION CODE ADDRESS : 6254 NW 63 WAY
01 CITY : PARKLAND
STATE/ZIP : FL 33067
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,742,350.00
P & I AMT: 12,488.68
UPB AMT: 1,742,148.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 09/01/97
P.O. BOX 5260 TMS AG0004970830 00 01
PAGE: 330
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0853278653 MORTGAGORS: SWAIN JAMES
SWAIN GWEN
REGION CODE ADDRESS : 706 EAST SUNNY HILLS ROAD
00 CITY : FULLERTON
STATE/ZIP : CA 92635
MORTGAGE AMOUNT : 263,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,945.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,064.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 11/01/22
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 87.40863
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 1
LOAN AMT: 263,100.00
P & I AMT: 2,064.40
UPB AMT: 248,945.24
0 TOTAL NUM OF LOANS: 1646
LOAN AMT: 501,745,860.66
P & I AMT: 3,629,319.39
UPB AMT: 501,148,045.23
<PAGE>
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
----------------, ------
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1997-8
Pursuant to the Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between GE Capital
Mortgage Services, Inc. (the "Company"), and State Street Bank
and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
A. Mortgage Loan Information:
(1) Aggregate Scheduled Monthly
Payments:
(a) Principal $________
(b) Interest $________
(c) Total $________
(2) Aggregate Monthly Payments
received and Monthly Advances
made this Month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(3) Aggregate Principal Prepayments in part received
and applied in the applicable Prepayment Period:
(a) Principal $________
(b) Interest $________
(c) Total $________
<PAGE>
(4) Aggregate Principal Prepayments
in full received in
the applicable Prepayment
Period:
(a) Principal $________
(b) Interest $________
(c) Total $________
(5) Aggregate Insurance Proceeds
(including purchases of
Mortgage Loans by primary
mortgage insurers) for
prior month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(6) Aggregate Liquidation
Proceeds for prior month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(7) Aggregate Purchase Prices for
Defaulted and Modified
Mortgage Loans:
(a) Principal $________
(b) Interest $________
(c) Total $________
(8) Aggregate Purchase Prices
(and substitution adjustments)
for Defective Mortgage Loans:
(a) Principal $________
(b) Interest $________
(c) Total $________
(9) Pool Scheduled Principal
Balance: $________
(10) Available Funds: $________
(11) Realized Losses for
prior month: $________
<PAGE>
(12) Aggregate Realized
Losses and Debt
Service Reductions:
(a) Deficient Valuations $________
(b) Special Hazard
Losses $________
(c) Fraud Losses $________
(d) Excess Bankruptcy
Losses $________
(e) Excess Special
Hazard Losses $________
(f) Excess Fraud
Losses $________
(g) Debt Service
Reductions $________
(13) Compensating Interest Payment: $________
(14) Accrued Certificate Interest,
Unpaid Class Interest Shortfalls
and Pay-out Rate:
Class A1 $__________ $__________ ____%
Class A2 $__________ $__________ ____%
Class A3 $__________ $__________ ____%
Class A4 $__________ $__________ ____%
Class A5 $__________ $__________ ____%
Class A6 $__________ $__________ ____%
Class A7 $__________ $__________ ____%
Class A8 $__________ $__________ ____%
Class A9 $__________ $__________ ____%
Class A10 $__________ $__________ ____%
Class A11 $__________ $__________ ____%
Class A12 $__________ $__________ ____%
Class A13 $__________ $__________ ____%
Class A14 $__________ $__________ ____%
Class A15 $__________ $__________ ____%
Class A16 $__________ $__________ ____%
Class A17 $__________ $__________ ____%
Class A18 $__________ $__________ ____%
Class A19 $__________ $__________ ____%
Class M $__________ $__________ ____%
Class B1 $__________ $__________ ____%
Class B2 $__________ $__________ ____%
Class B3 $__________ $__________ ____%
Class B4 $__________ $__________ ____%
Class B5 $__________ $__________ ____%
Class R $__________ $__________ ____%
Class RL $__________ $__________ ____%
Class S $__________ $__________ ____%
(15) Accrual Amount
<PAGE>
Class A9 Certificates $__________
Class A10 Certificates $__________
(16) Principal distributable:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class A9 $__________
Class A10 $__________
Class A11 $__________
Class A13 $__________
Class A14 $__________
Class A15 $__________
Class A16 $__________
Class A17* $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
Class RL $__________
(17) Additional distributions to
the Class R Certificate
pursuant to Sections
2.05(c) and 4.01(b): $_____________
(18) Additional distributions to
the Class RL Certificate
pursuant to Section 2.05(d): $_____________
- --------
* After giving effect to reimbursement of Rounding Account and
withdrawal of Rounding Amount on such Distribution Date pursuant
to Section 4.10.
<PAGE>
(19) Certificate Interest Rate of:
Class A14 Certificates _____________%
Class A15 Certificates _____________%
Class S Certificates _____________%
(20) Draw Amount:
Class A17 $_____________
(21) Distributions of amounts in Reserve Fund to Senior
Certificates (other than the Class PO
Certificates) and the Class S Certificates
pursuant to the second paragraph of Section
4.01(g):
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class A9 $__________
Class A10 $__________
Class A11 $__________
Class A12 $__________
Class A13 $__________
Class A14 $__________
Class A15 $__________
Class A16 $__________
Class A17 $__________
Class A18 $__________
Class A19 $__________
Class R $__________
Class RL $__________
Class S $__________
<PAGE>
B. Other Amounts:
1. Senior Percentage for such
Distribution Date: _____________%
2. Category B Group I Senior Percentage
for such Distribution Date: _____________%
3. Category B Group II Senior Percentage
for such Distribution Date: _____________%
4. Senior Prepayment Percentage
for such Distribution Date: _____________%
5. Category B Group I Senior Prepayment
Percentage for such
Distribution Date: _____________%
6. Junior Percentage
for such Distribution Date: _____________%
7. Junior Prepayment Percentage
for such Distribution Date: _____________%
8. Subordinate Certificate
Writedown Amount for
such Distribution Date: $_____________
9. Prepayment Distribution
Triggers satisfied: Yes No
--- ---
Class B1 ____ ____
Class B2 ____ ____
Class B3 ____ ____
Class B4 ____ ____
Class B5` ____ ____
Capitalized terms used in this Certificate shall have the same
meanings as in the Agreement.
<PAGE>
EXHIBIT E
FORM OF TRANSFER CERTIFICATE AS TO ERISA MATTERS FOR
DEFINITIVE ERISA-RESTRICTED CERTIFICATES
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
Boston, Massachusetts 02110
[NAME OF OFFICER] ______________________ hereby certifies
that:
1. That he [she] is [title of officer] _________________ of
[name of Investor] _______________________________________ (the
"Investor"), a ________________________ [description of type of
entity] duly organized and existing under the laws of the [State
of ____________] [United States], on behalf of which he [she]
makes this affidavit.
2. The Investor (i) is not, and on ________________ [insert
date of transfer of Certificate to Investor] will not be, and on
such date will not be investing the funds of, an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Code or (ii) is an insurance company investing assets of its
general account and the exemptions provided by Section III(a) of
Department of Labor Prohibited Transaction Class Exemption 95-60,
60 Fed. Reg. 35925 (July 12, 1995) (the "Exemptions") apply to
the Investor's acquisition and holding or any ERISA-Restricted
Certificate.
3. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement (the "Agreement") between
State Street Bank and Trust Company, as Trustee and GE Capital
Mortgage Services, Inc., dated as of September 1, 1997, no
transfer of any ERISA-Restricted Certificate shall be permitted
to be made to any person unless the Trustee has received (i) a
certificate from such transferee to the effect that (x) such
transferee is not an employee benefit plan subject to ERISA or a
plan subject to Section 4975 of the Code (a "Plan") and is not
using the assets of any such employee benefit or other plan to
acquire any such Certificate or (y) such transferee is an
insurance company investing assets of its general account and the
Exemptions apply to such transferee's acquisition and holding of
any such Certificate or (ii) an opinion of counsel satisfactory
to the Trustee to the effect that the purchase and holding of any
such Certificate will not constitute or result in the assets of
the Trust Fund created by the Agreement being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 of the Code and will not subject the
<PAGE>
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement (provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of any such Certificate by a Plan or a
Person that is purchasing or holding any such Certificate with
the assets of a Plan will not constitute or result in a
prohibited transaction under ERISA or Section 4975 of the Code).
[4. The ERISA-Restricted Certificates shall be registered
in the name of ______________________________________________ as
nominee for the Investor.]
IN WITNESS WHEREOF, the Investor has caused this instrument
to be executed on its behalf, pursuant to authority of its Board
of Directors, by its [title of officer] __________________ and
its corporate seal to be hereunder attached, attested by its
[Assistant] Secretary, this ____ day of _________, 199_.
----------------------------
[name of Investor]
By:-------------------------
Name:
Title:
The undersigned hereby acknowledges that it is holding and
will hold the ERISA-Restricted Certificates at the exclusive
direction of and as nominee of the Investor named above.
- -------------------------------
[name of nominee]
By:____________________________
Name:
Title:
<PAGE>
EXHIBIT F
FORM OF RESIDUAL CERTIFICATE TRANSFEREE AFFIDAVIT
STATE OF )
) ss.:
COUNTY OF )
[NAME OF OFFICER], _________________ being first duly
sworn, deposes and says:
1. That he [she] is [title of officer] ___________
_____________ of [name of Purchaser] ________________________
_________________ (the "Purchaser"), a _______________________
[description of type of entity] duly organized and existing under
the laws of the [State of __________] [United States], on behalf
of which he [she] makes this affidavit.
2. That the Purchaser's Taxpayer Identification
Number is [ ].
3. That the Purchaser is not a "disqualified
organization" within the meaning of Section 860E(e)(5) of the
Internal Revenue Code of 1986, as amended (the "Code") and will
not be a "disqualified organization" as of [date of transfer],
and that the Purchaser is not acquiring a Residual Certificate
(as defined below) for the account of, or as agent (including a
broker, nominee, or other middleman) for, any person or entity
from which it has not received an affidavit substantially in the
form of this affidavit. For these purposes, a "disqualified
organization" means the United States, any state or political
subdivision thereof, any foreign government, any international
organization, any agency or instrumentality of any of the
foregoing (other than an instrumentality if all of its activities
are subject to tax and a majority of its board of directors is
not selected by such governmental entity), any cooperative
organization furnishing electric energy or providing telephone
service to persons in rural areas as described in Code Section
1381(a)(2)(C), or any organization (other than a farmers'
cooperative described in Code Section 521) that is exempt from
federal income tax unless such organization is subject to the tax
on unrelated business income imposed by Code Section 511. As used
herein, "Residual Certificate" means any Certificate designated
as a "Class R Certificate" or "Class RL Certificate" of GE
Capital Mortgage Services, Inc.'s REMIC Multi-Class Pass-Through
Certificates, Series 1997-8.
4. That the Purchaser is not, and on __________
[insert date of transfer of Residual Certificate to Purchaser]
will not be, and is not and on such date will not be investing
<PAGE>
the assets of, an employee benefit plan subject to the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"), or
a plan subject to Code Section 4975 or a person or entity that is
using the assets of any employee benefit plan or other plan to
acquire a Residual Certificate.
5. That the Purchaser hereby acknowledges that under
the terms of the Pooling and Servicing Agreement (the
"Agreement") between State Street Bank and Trust Company, as
Trustee, and GE Capital Mortgage Services, Inc. dated as of
September 1, 1997, no transfer of the Residual Certificates shall
be permitted to be made to any person unless the Trustee has
received a certificate from such transferee to the effect that
such transferee is not an employee benefit plan subject to ERISA
or a plan subject to Section 4975 of the Code and is not using
the assets of any employee benefit plan or other plan to acquire
Residual Certificates.
6. That the Purchaser does not hold REMIC residual
securities as nominee to facilitate the clearance and settlement
of such securities through electronic book-entry changes in
accounts of participating organizations (such entity, a
"Book-Entry Nominee").
7. That the Purchaser does not have the intention to
impede the assessment or collection of any federal, state or
local taxes legally required to be paid with respect to such
Residual Certificate.
8. That the Purchaser will not transfer a Residual
Certificate to any person or entity (i) as to which the Purchaser
has actual knowledge that the requirements set forth in paragraph
3, paragraph 6 or paragraph 10 hereof are not satisfied or that
the Purchaser has reason to believe does not satisfy the
requirements set forth in paragraph 7 hereof, and (ii) without
obtaining from the prospective Purchaser an affidavit
substantially in this form and providing to the Trustee a written
statement substantially in the form of Exhibit G to the
Agreement.
9. That the Purchaser understands that, as the holder
of a Residual Certificate, the Purchaser may incur tax
liabilities in excess of any cash flows generated by the interest
and that it intends to pay taxes associated with holding such
Residual Certificate as they become due.
10. That the Purchaser (i) is not a Non-U.S. Person or
(ii) is a Non-U.S. Person that holds a Residual Certificate in
connection with the conduct of a trade or business within the
United States and has furnished the transferor and the Trustee
with an effective Internal Revenue Service Form 4224 or successor
form at the time and in the manner required by the Code or (iii)
<PAGE>
is a Non-U.S. Person that has delivered to both the transferor
and the Trustee an opinion of a nationally recognized tax counsel
to the effect that the transfer of such Residual Certificate to
it is in accordance with the requirements of the Code and the
regulations promulgated thereunder and that such transfer of a
Residual Certificate will not be disregarded for federal income
tax purposes. "Non-U.S. Person" means an individual, corporation,
partnership or other person other than a citizen or resident of
the United States, a corporation, partnership or other entity
created or organized in or under the laws of the United States or
any political subdivision thereof, or an estate or trust that is
subject to U.S. federal income tax regardless of the source of
its income.
11. That the Purchaser agrees to such amendments of
the Pooling and Servicing Agreement as may be required to further
effectuate the restrictions on transfer of any Residual
Certificate to such a "disqualified organization," an agent
thereof, a Book-Entry Nominee, or a person that does not satisfy
the requirements of paragraph 7 and paragraph 10 hereof.
12. That the Purchaser consents to the designation of
the Company as its agent to act as "tax matters person" of the
Upper Tier REMIC or Lower Tier REMIC, as applicable, pursuant to
the Pooling and Servicing Agreement.
<PAGE>
IN WITNESS WHEREOF, the Purchaser has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] this _____ day
of __________, 19__.
---------------------------------
[name of Purchaser]
By:______________________________
Name:
Title:
Personally appeared before me the above-named [name of
officer] ________________, known or proved to me to be the same
person who executed the foregoing instrument and to be the [title
of officer] _________________ of the Purchaser, and acknowledged
to me that he [she] executed the same as his [her] free act and
deed and the free act and deed of the Purchaser.
Subscribed and sworn before me this _____ day of
__________, 19__.
NOTARY PUBLIC
- ------------------------------
COUNTY OF_____________________
STATE OF______________________
My commission expires the _____ day of __________, 19__.
<PAGE>
EXHIBIT G
[LETTER FROM TRANSFEROR OF RESIDUAL CERTIFICATE]
-------------------
Date
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
8th Floor
Boston, Massachusetts 02110
Re: GE Capital Mortgage Services, Inc.
REMIC Multi-Class Pass-Through
Certificates, Series 1997-8
Ladies and Gentlemen:
_______________________ (the "Transferor") has
reviewed the attached affidavit of _____________________________
(the "Transferee"), and has no actual knowledge that such
affidavit is not true and has no reason to believe that the
information contained in paragraph 7 thereof is not true, and has
no reason to believe that the Transferee has the intention to
impede the assessment or collection of any federal, state or
local taxes legally required to be paid with respect to a
Residual Certificate. In addition, the Transferor has conducted a
reasonable investigation at the time of the transfer and found
that the Transferee had historically paid its debts as they came
due and found no significant evidence to indicate that the
Transferee will not continue to pay its debts as they become due.
Very truly yours,
-------------------------------
Name:
Title:
<PAGE>
EXHIBIT H
ADDITIONAL SERVICER COMPENSATION
QUALIFIED ADMINISTRATIVE EXPENSES
(Conventional, Non-Conforming Loans)
Assumption Fees $550 - $800
Late Charges Per Loan Documents
Appraisal/Inspection Fees Reasonable and Customary
Charges
Partial Release Fees $300
Easements $150
Insufficient Funds Charges $15
Document Requests (copies of loan file documents, additional
pay-off quotations, amortization schedules, payment
histories) $0
Modification Fees Reasonable and Customary
Charges
<PAGE>
EXHIBIT I
FORM OF INVESTMENT LETTER FOR
DEFINITIVE RESTRICTED CERTIFICATES
----------------
Date
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
8th Floor
Boston, Massachusetts 02110
Re: GE Capital Mortgage Services, Inc.
REMIC Multi-Class Pass Through
Certificates, Series 1997-8
Ladies and Gentlemen:
1. The undersigned, a [title of officer] _______________ of
[name of Investor] _________________________________________ (the
"Investor"), a ____________________________ [description of type
of entity] duly organized and existing under the laws of the
[State of __________________] [United States], hereby certifies
as follows:
2. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement between State Street Bank and
Trust Company, as Trustee, and GE Capital Mortgage Services, Inc.
(the "Company"), dated as of September 1, 1997 (the "Agreement"),
no transfer of a Restricted Certificate may be made unless such
transfer is exempt from the registration requirements of the
Securities Act of 1933, as amended (the "Securities Act"), and
any applicable state securities laws, or is made in accordance
with the Securities Act and such laws.
3. The Investor understands that (a) the Restricted
Certificates have not been and will not be registered or
qualified under the Securities Act, or the securities laws of any
state, (b) neither the Company nor the Trustee is required, and
neither intends, to so register or qualify the Restricted
Certificates, (c) the Restricted Certificates cannot be resold
unless (i) they are registered and qualified under the Securities
Act and the applicable state securities laws or (ii) such sale is
exempt from the requirements of the Securities Act, (d) the
Agreement contains restrictions regarding the transfer of the
Restricted Certificates and (e) the Restricted Certificates will
bear a legend to the foregoing effect.
<PAGE>
4. The Investor is acquiring the Restricted Certificates
for its own account for investment only and not with a view to or
for sale or other transfer in connection with any distribution of
the Restricted Certificates in any manner that would violate the
Securities Act or any applicable state securities laws.
5. The investor (a) is a substantial, sophisticated
institutional investor having such knowledge and experience in
financial and business matters, and in particular in such matters
related to securities similar to the Restricted Certificates,
such that it is capable of evaluating the merits and risks of
investment in the Restricted Certificates, (b) is able to bear
the economic risks of such an investment and (c) is an
"accredited investor" within the meaning of Rule 501(a)(1), (2),
(3) or (7) promulgated pursuant to the Securities Act.
6. The Investor will not authorize nor has it authorized
any person to (a) offer, pledge, sell, dispose of or otherwise
transfer any Restricted Certificate, any interest in any
Restricted Certificate or any other similar security to any
person in any manner, (b) solicit any offer to buy or to accept a
pledge, disposition or other transfer of any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security from any person in any manner, (c)
otherwise approach or negotiate with respect to any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security with any person in any manner, (d) make
any general solicitation by means of general advertising or in
any other manner, or (e) take any other action that would
constitute a distribution of any Restricted Certificate under the
Securities Act, that would render the disposition of any
Restricted Certificate a violation of Section 5 of the Securities
Act or any state securities law, or that could require
registration or qualification pursuant thereto. Neither the
Investor nor anyone acting on its behalf has offered the
Restricted Certificates for sale or made any general solicitation
by means of general advertising or in any other manner with
respect to the Restricted Certificates. The Investor will not
sell or otherwise transfer any of the Restricted Certificates,
except in compliance with the provisions of the Agreement.
7. If an Investor in a Restricted Certificate sells or
otherwise transfers any such Certificate to a transferee other
than a "qualified institutional buyer" under Rule 144A of the
Securities Act, such Investor will obtain (a) from any subsequent
purchaser the same certifications, representations, warranties
and covenants contained in the foregoing paragraphs and in this
paragraph or (b) an opinion of counsel in form and substance
satisfactory to the Trustee pursuant to the Agreement.
8. The Investor hereby indemnifies the Trustee and the
Company against any liability that may result if the Investor's
<PAGE>
transfer of a Restricted Certificate (or any portion thereof) is
not exempt from the registration requirements of the Securities
Act and any applicable state securities laws or is not made in
accordance with such federal and state laws. Such indemnification
of the Trustee and the Company shall survive the termination of
the Agreement.
[9. The Restricted Certificates shall be registered in the
name of _____________________________ as nominee for the
Investor.]
IN WITNESS WHEREOF, the Investor has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] _____________
this _____ day of __________, 19__.
---------------------------------
[name of Investor]
By:______________________________
Name:
Title:
The undersigned hereby acknowledges that it is holding and
will hold the Restricted Certificates at the exclusive direction
of and as nominee of the Investor named above.
- ------------------------------
[name of nominee]
By:__________________________
Name:
Title:
<PAGE>
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
----------------, -----
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1997-8
Pursuant to the Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Agreement") between GE Capital
Mortgage Services, Inc. (the "Company"), and State Street Bank
and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
The amounts below are for a Single Certificate of
$1,000:
(1) Amount of distribution
allocable to principal:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class A9 $__________
Class A10 $__________
Class A11 $__________
Class A13 $__________
Class A14 $__________
Class A15 $__________
Class A16 $__________
Class A17 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
<PAGE>
Class R $__________
Class RL $__________
(2) Aggregate principal prepayments
included in distribution:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class A9 $__________
Class A10 $__________
Class A11 $__________
Class A13 $__________
Class A14 $__________
Class A15 $__________
Class A16 $__________
Class A17 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
Class RL $__________
(3) Amount of distribution
allocable to interest;
Pay-out Rate:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A4 $__________ ____%
Class A5 $__________ ____%
Class A6 $__________ ____%
Class A7 $__________ ____%
Class A8 $__________ ____%
Class A9 $__________ ____%
Class A10 $__________ ____%
Class A11 $__________ ____%
Class A12 $__________ ____%
Class A13 $__________ ____%
2
<PAGE>
Class A14 $__________ ____%
Class A15 $__________ ____%
Class A16 $__________ ____%
Class A17 $__________ ____%
Class A18 $__________ ____%
Class A19 $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
Class RL $__________ ____%
Class S $__________ ____%
(4) Accrual Amount
Class A9 Certificates $__________
Class A10 Certificates $__________
(5) Servicing Compensation: $__________
The amounts below are for the aggregate of all
Certificates:
(6) Pool Scheduled Principal
Balance; number of
Mortgage Loans: $__________ __________
(7) Class Certificate Principal
Balance (or Notional Principal
Balance) of each Class;
Certificate Principal Balance
(or Notional Principal Balance)
of Single Certificate of each
Class:
Single
Certificate
Class Balance Balance
Class A1 $__________ $__________
Class A2 $__________ $__________
Class A3 $__________ $__________
Class A4 $__________ $__________
Class A5 $__________ $__________
Class A6 $__________ $__________
Class A7 $__________ $__________
Class A8 $__________ $__________
3
<PAGE>
Class A9 $__________ $__________
Class A10 $__________ $__________
Class A11 $__________ $__________
Class A12 $__________ $__________
Class A13 $__________ $__________
Class A14 $__________ $__________
Class A15 $__________ $__________
Class A16 $__________ $__________
Class A17 $__________ $__________
Class A18 $__________ $__________
Class A19 $__________ $__________
Class PO $__________ $__________
Class M $__________ $__________
Class B1 $__________ $__________
Class B2 $__________ $__________
Class B3 $__________ $__________
Class B4 $__________ $__________
Class B5 $__________ $__________
Class R $__________ $__________
Class RL $__________ $__________
Class S $__________ $__________
(8) Book value of real estate acquired on behalf of
Certificate-holders; number of related Mortgage
Loans:
$---------- ----------
(9) Aggregate Scheduled Principal
Balance and number of
delinquent Mortgage Loans:
30-59 days delinquent $__________ __________
60-89 days delinquent $__________ __________
90 or more days delinquent $__________ __________
In foreclosure $__________ __________
(10) Aggregate Scheduled
Principal Balance and
number of replaced
Mortgage Loans: $__________ __________
(11) Aggregate Scheduled
Principal Balance and
number of modified
Mortgage Loans: $__________ __________
4
<PAGE>
(12) Certificate Interest Rate of:
Class A14 Certificates __________%
Class A15 Certificates __________%
Class S Certificates __________%
(13) Senior Percentage for such
Distribution Date: __________%
(14) Category B Group I Senior Percentage
for such Distribution Date: __________%
(15) Category B Group II Senior Percentage
for such Distribution Date: __________%
(16) Senior Prepayment Percentage
for such Distribution Date: __________%
(17) Category B Group I Senior Prepayment
Percentage for such
Distribution Date: __________%
(18) Junior Percentage for
such Distribution Date: __________%
(19) Junior Prepayment Percentage
for such Distribution Date: __________%
Capitalized terms used in this Statement shall have the same
meanings as in the Agreement.
5
<PAGE>
EXHIBIT K
FORM OF SPECIAL SERVICING
AND COLLATERAL FUND AGREEMENT
This SPECIAL SERVICING AND COLLATERAL FUND AGREEMENT (the
"Agreement") is made and entered into as of ____________________,
199_, between GE Capital Mortgage Services, Inc. (the "Company")
and _____________________________ (the "Purchaser").
PRELIMINARY STATEMENT
___________________________ or an affiliate thereof is the
holder of the entire interest in REMIC Multi-Class Pass-Through
Certificates, Series 199_-__, Class B_ (the "Class B_
Certificates"). The Class B_ Certificates were issued pursuant to
a Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of ________ 1, 199_ between the Company (in
its capacity as servicer thereunder, the "Servicer") and State
Street Bank and Trust Company as Trustee.
____________________________ or an affiliate thereof
intends to resell all of the Class B_ Certificates directly to
the Purchaser on or promptly after the date hereof.
In connection with such sale, the parties hereto have
agreed that the Company, as Servicer, will engage in certain
special servicing procedures relating to foreclosures for the
benefit of the Purchaser, and that the Purchaser will deposit
funds in a collateral fund to cover any losses attributable to
such procedures as well as all advances and costs in connection
therewith, as set forth herein.
[The parties hereto have further agreed that the Purchaser
will have no rights, and the Company will have no obligations
under this Agreement until the Class Certificate Principal
Balance of the REMIC Multi-Class Pass-Through Certificates,
Series 199_-__, Class B5 (the "Class B5 Certificates") has been
reduced to zero, and any Special Servicing and Collateral Fund
Agreement in respect of such Class between the Company and the
Purchaser has been terminated.]
In consideration of the mutual agreements herein contained,
the receipt and sufficiency of which are hereby acknowledged, the
Company and the Purchaser agree that the following provisions
shall become effective and shall be binding on and enforceable by
the Company and the Purchaser upon the acquisition by the
Purchaser of the Class B_ Certificates.
<PAGE>
ARTICLE I
DEFINITIONS
Section 1.01. Defined Terms. Whenever used in this
Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings:
Business Day: Any day other than (i) a Saturday or a Sunday
of (ii) a day on which banking institutions in New York City or
Boston, Massachusetts are required or authorized by law or
executive order to be closed.
Collateral Fund: The fund established and maintained
pursuant to Section 3.01 hereof.
Collateral Fund Permitted Investments: Either (i)
obligations of, or obligations fully guaranteed as to principal
and interest by, the United States, or any agency or
instrumentality thereof, provided such obligations are backed by
the full faith and credit of the United States, (ii) repurchase
agreements on obligations specified in clause (i) provided that
the unsecured obligations of the party agreeing to repurchase
such obligations are at the time rated by each Rating Agency in
the highest long-term rating category, (iii) federal funds,
certificates of deposit, time deposits and banker's acceptances
of any U.S. depository institution or trust company incorporated
under the laws of the United States or any state provided that
the debt obligations of such depository institution or trust
company at the date of acquisition thereof have been rated by
each Rating Agency in the highest long-term rating category, (iv)
commercial paper of any corporation incorporated under the laws
of the United States or any state thereof which on the date of
acquisition has the highest short term rating of each Rating
Agency, and (v) other obligations or securities that are
acceptable to each Rating Agency as a Collateral Fund Permitted
Investment hereunder and will not, as evidenced in writing,
result in a reduction or withdrawal in the then current rating of
the Certificates and, for each of the preceding clauses, the
maturity thereof shall be not later than the earlier to occur of
(A) 30 days from the date of the related investment and (B) the
Business Day preceding the next succeeding Distribution Date.
Commencement of Foreclosure: The first official action
required under local law in order to commence foreclosure
proceedings or to schedule a trustee's sale under a deed of
trust, including (i) in the case of a mortgage, any filing or
service of process necessary to commence an action to foreclose,
or (ii) in the case of a deed of trust, the posting, publishing,
filing or delivery of a notice of sale, but not including in
2
<PAGE>
either case (x) any notice of default, notice of intent to
foreclose or sell or any other action prerequisite to the actions
specified in (i) or (ii) above and, upon the consent of the
Purchaser which will be deemed given unless expressly withheld
within two Business Days of notification, (y) the acceptance of a
deed-in-lieu of foreclosure (whether in connection with a sale of
the related property or otherwise) or (z) initiation and
completion of a short pay-off.
Current Appraisal: With respect to any Mortgage Loan as to
which the Purchaser has made an Election to Delay Foreclosure, an
appraisal of the related Mortgaged Property obtained by the
Purchaser as nearly contemporaneously as practicable to the time
of the Purchaser's election, prepared based on the Company's
customary requirements for such appraisals.
Election to Delay Foreclosure: Any election by the
Purchaser to delay the Commencement of Foreclosure, made in
accordance with Section 2.02(b).
Election to Foreclose: Any election by the Purchaser to
proceed with the Commencement of Foreclosure, made in accordance
with Section 2.03(a).
Required Collateral Fund Balance: As of any date of
determination, an amount equal to the aggregate of all amounts
previously required to be deposited in the Collateral Fund
pursuant to Section 2.02(d) (after adjustments for all
withdrawals and deposits prior to such date pursuant to Section
2.02(e)) and Section 2.03(b) (after adjustment for all
withdrawals and deposits prior to such date pursuant to Section
2.03(c)) and Section 3.02, reduced by all withdrawals therefrom
prior to such date pursuant to Section 2.02(g) and Section
2.03(d).
Section 1.02. Definitions Incorporated by Reference. All
capitalized terms not otherwise defined in this Agreement shall
have the meanings assigned in the Pooling and Servicing
Agreement.
3
<PAGE>
ARTICLE II
SPECIAL SERVICING PROCEDURES
Section 2.01. Reports and Notices.
(a) In connection with the performance of its duties under
the Pooling and Servicing Agreement relating to the realization
upon defaulted Mortgage Loans, the Company as Servicer shall
provide to the Purchaser the following notices and reports:
(i) Within five Business Days after each Distribution
Date (or included in or with the monthly statements to
Certificateholders pursuant to the Pooling and Servicing
Agreement), the Company, as Servicer, shall provide to the
Purchaser a report, using the same methodology and
calculations in its standard servicing reports, indicating
for the Trust Fund the number of Mortgage Loans that are
(A) thirty days, (B) sixty days, (C) ninety days or more
delinquent or (D) in foreclosure, and indicating for each
such Mortgage Loan the loan number and outstanding
principal balance.
(ii) Prior to the Commencement of Foreclosure in
connection with any Mortgage Loan, the Company shall
provide the Purchaser with a notice (sent by facsimile
transmission) of such proposed and imminent foreclosure,
stating the loan number and the aggregate amount owing
under the Mortgage Loan. Such notice may be provided to the
Purchaser in the form of a copy of a referral letter from
the Company to an attorney requesting the institution of
foreclosure or a copy of a request to foreclose received by
the Company from the related primary servicer which has
been approved by the Company.
(b) If requested by the Purchaser, the Company shall make
its servicing personnel available (during their normal business
hours) to respond to reasonable inquiries, in writing by
facsimile transmission, by the Purchaser in connection with any
Mortgage Loan identified in a report under subsection (a)(i) or
(a)(ii) which has been given to the Purchaser, provided, that (1)
the Company shall only be required to provide information that is
readily accessible to its servicing personnel and is
non-confidential and (2) the Company shall respond within five
Business Days orally or in writing by facsimile transmission.
(c) In addition to the foregoing, the Company shall provide
to the Purchaser such information as the Purchaser may reasonably
request concerning each Mortgage Loan that is at least sixty days
delinquent and each Mortgage Loan which has become real estate
4
<PAGE>
owned, through the final liquidation thereof, provided, that the
Company shall only be required to provide information that is
readily accessible to its servicing personnel and is
non-confidential.
Section 2.02. Purchaser's Election to Delay Foreclosure
Proceedings.
(a) The Purchaser shall be deemed to direct the Company
that in the event that the Company does not receive written
notice of the Purchaser's election pursuant to subsection (b)
below within 24 hours (exclusive of any intervening non-Business
Days) of transmission of the notice provided by the Company under
Section 2.01(a)(ii) subject to extension as set forth in Section
2.02(b), the Company may proceed with the Commencement of
Foreclosure in respect of such Mortgage Loan in accordance with
its normal foreclosure policies without further notice to the
Purchaser. Any foreclosure that has been initiated may be
discontinued (i) without notice to the Purchaser if the Mortgage
Loan has been brought current or if a refinancing or prepayment
occurs with respect to the Mortgage Loan (including by means of a
short payoff approved by the Company) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement with the borrower. In such latter case the Company may
complete such forbearance agreement unless instructed otherwise
by the Purchaser within two Business Days of notification.
(b) In connection with any Mortgage Loan with respect to
which a notice under Section 2.01(a)(ii) has been given to the
Purchaser, the Purchaser may elect to instruct the Company to
delay the Commencement of Foreclosure until such time as the
Purchaser determines that the Company may proceed with the
Commencement of Foreclosure. Such election must be evidenced by
written notice received within 24 hours (exclusive of any
intervening non-Business Days) of transmission of the notice
provided by the Company under Section 2.01(a)(ii). The Purchaser
shall send a copy of such notice of election to each Rating
Agency as soon as practicable thereafter. Such 24-hour period
shall be extended for no longer than an additional four Business
Days after the receipt of the information if the Purchaser
requests additional information related to such foreclosure
within such 24-hour period; provided, however, that the Purchaser
will have at least one Business Day to make such election
following its receipt of any requested additional information.
Any such additional information shall (i) not be confidential in
nature and (ii) be obtainable by the Company from existing
reports, certificates or statements or otherwise be readily
accessible to its servicing personnel. The Purchaser agrees that
it has no right to deal with the mortgagor. However, if the
Company's normal foreclosure policies include acceptance of a
5
<PAGE>
deed-in-lieu of foreclosure or short payoff, the Purchaser will
be notified and given two Business Days to respond.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the
Purchaser shall obtain a Current Appraisal as soon as
practicable, and shall provide the Company with a copy of such
Current Appraisal.
(d) Within two Business Days of making any Election to
Delay Foreclosure, the Purchaser shall remit by wire transfer to
the Trustee, for deposit in the Collateral Fund, an amount, as
calculated by the Company, equal to the sum of (i) 125% of the
greater of the Scheduled Principal Balance of the Mortgage Loan
and the value shown in the Current Appraisal referred to in
subsection (c) above (or, if such Current Appraisal has not yet
been obtained, the Company's estimate thereof, in which case the
required deposit under this subsection shall be adjusted upon
obtaining such Current Appraisal), and (ii) three months'
interest on the Mortgage Loan at the applicable Mortgage Rate. If
any Election to Delay Foreclosure extends for a period in excess
of three months (such excess period being referred to herein as
the "Excess Period"), the Purchaser shall remit by wire transfer
in advance to the Trustee for deposit in the Collateral Fund the
amount of each additional month's interest, as calculated by the
Company, equal to interest on the Mortgage Loan as the applicable
Mortgage Rate for the Excess Period. The terms of this Agreement
will no longer apply to the servicing of any Mortgage Loan upon
the failure of the Purchaser to deposit the above amounts
relating to the Mortgage Loan within two Business Days of (i) the
Election to Delay Foreclosure or (ii) the beginning of the
related Excess Period, as the case may be.
(e) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
or the Trustee may withdraw from the Collateral Fund from time to
time amounts necessary to reimburse the Company for all related
Monthly Advances and Liquidation Expenses thereafter made by the
Company as Servicer in accordance with the Pooling and Servicing
Agreement. To the extent that the amount of any such Liquidation
Expense is determined by the Company based on estimated costs,
and the actual costs are subsequently determined to be higher,
the Company or the Trustee may withdraw the additional amount
from the Collateral Fund to reimburse the Company. In the event
that the Mortgage Loan is brought current by the mortgagor, the
amounts so withdrawn from the Collateral Fund shall be
redeposited therein as and to the extent that reimbursement
therefor from amounts paid by the mortgagor is not prohibited
pursuant to the Pooling and Servicing Agreement as of the date
hereof. Except as provided in the preceding sentence, amounts
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<PAGE>
withdrawn from the Collateral Fund to cover Monthly Advances and
Liquidation Expenses shall not be redeposited therein or
otherwise reimbursed to the Purchaser. If and when any such
Mortgage Loan is brought current by the mortgagor, all amounts
remaining in the Collateral Fund in respect of such Mortgage Loan
(after adjustment for all previous withdrawals and deposits
pursuant to this subsection and after reimbursement to the
Servicer for all related Monthly Advances) shall be released to
the Purchaser.
(f) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
shall continue to service the Mortgage Loan in accordance with
its customary procedures (other than the delay in Commencement of
Foreclosure as provided herein). If and when, following such
election, the Purchaser shall notify the Company that it believes
that it is appropriate to do so, the Company shall proceed with
the Commencement of Foreclosure; provided that, in any event, if
the Mortgage Loan is not brought current by the mortgagor by the
time the loan becomes 6 months delinquent, the Purchaser's
election shall no longer be effective, unless the Purchaser shall
have purchased the related Mortgage Loan promptly following (and
in any event not later than the third Business Day after) the end
of such 6-month period in the manner provided in the following
two sentences, and the Company shall be entitled to proceed with
the Commencement of Foreclosure. Any purchase of such Mortgage
Loan by the Purchaser pursuant to the preceding sentence shall be
at a purchase price equal to the unpaid principal balance of the
Mortgage Loan plus accrued interest at the Mortgage Rate from the
date last paid by the mortgagor. Such purchase price shall be
deposited by the Purchaser into the Collateral Fund in
immediately available funds on the Business Day which is the date
of purchase and the Purchaser shall instruct the Trustee (with
notice to the Company) to withdraw such amount therefrom on such
Business Day and remit the same to the Trust Fund for application
as Liquidation Proceeds pursuant to the Pooling and Servicing
Agreement. Following such withdrawal, all amounts remaining in
the Collateral Fund in respect of such Mortgage Loan (after
adjustment for all previous withdrawals and deposits pursuant to
this Agreement and after reimbursement to the Servicer for all
related Monthly Advances) shall be released to the Purchaser.
(g) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Delay Foreclosure and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (f)
above, the Company shall calculate the amount, if any, by which
the value shown on the Current Appraisal obtained under
subsection (c) exceeds the actual sales price obtained for the
related Mortgaged Property (net of Liquidation Expenses and
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<PAGE>
unreimbursed Monthly Advances related to the extended foreclosure
period), and the Company or the Trustee shall withdraw the amount
of such excess from the Collateral Fund and shall remit the same
to the Trust Fund for application as additional Liquidation
Proceeds pursuant to the Pooling and Servicing Agreement. After
making such withdrawal, all amounts remaining in the Collateral
Fund in respect of such Mortgage Loan (after adjustment for all
withdrawals and deposits pursuant to subsection (e) and after
reimbursement to the Servicer for all related Monthly Advances)
shall be released to the Purchaser.
Section 2.03. Purchaser's Election to Commence Foreclosure
Proceedings.
(a) In connection with any Mortgage Loan identified in a
report under Section 2.01(a)(i)(B), the Purchaser may elect to
instruct the Company to proceed with the Commencement of
Foreclosure as soon as practicable. Such election must be
evidenced by written notice received by the Company by 5:00 p.m.,
New York City time, on the third Business Day following the
delivery of such report under Section 2.01(a)(i).
(b) Within two Business Days of making any Election to
Foreclose, the Purchaser shall remit to the Trustee, for deposit
in the Collateral Fund, an amount, as calculated by the Company,
equal to 125% of the current Scheduled Principal Balance of the
Mortgage Loan and three months' interest on the Mortgage Loan at
the applicable Mortgage Rate. If and when any such Mortgage Loan
is brought current by the mortgagor, all amounts in the
Collateral Fund in respect of such Mortgage Loan (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) below) shall be released to the Purchaser. The
terms of this Agreement will no longer apply to the servicing of
any Mortgage Loan upon the failure of the Purchaser to deposit
the above amounts relating to the Mortgage Loan within two
Business Days of the Election to Foreclose.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Foreclose, the Company shall
continue to service the Mortgage Loan in accordance with its
customary procedures. In connection therewith, the Company shall
have the same rights to make withdrawals for Monthly Advances and
Liquidation Expenses from the Collateral Fund as are provided
under Section 2.02(e), and the Company shall make reimbursements
thereto to the limited extent provided under such subsection. The
Company shall not be required to proceed with the Commencement of
Foreclosure if (i) the same is stayed as a result of the
mortgagor's bankruptcy or is otherwise barred by applicable law,
or to the extent that all legal conditions precedent thereto have
not yet been complied with, or (ii) the
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<PAGE>
Company believes there is a breach of representations or
warranties by the Company, which may result in a repurchase or
substitution of such Mortgage Loan, or (iii) the Company has or
expects to have the right under the Pooling and Servicing
Agreement to purchase the defaulted Mortgage Loan and intends to
exercise such right or (iv) the Company reasonably believes the
Mortgaged Property may be contaminated with or affected by
hazardous wastes or hazardous substances (and the Company
supplies the Purchaser with information supporting such belief)
or (v) the same is prohibited by or is otherwise inconsistent
with the provisions of the Pooling and Servicing Agreement. Any
foreclosure that has been initiated may be discontinued (i)
without notice to the Purchaser if the Mortgage Loan has been
brought current or if a refinancing or prepayment occurs with
respect to the Mortgage Loan (including by means of a short
payoff approved by the Purchaser) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement unless instructed otherwise by the Purchaser within two
Business Days of notification.
(d) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Foreclose and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (c)
above, the Company shall calculate the amount, if any, by which
the Scheduled Principal Balance of the Mortgage Loan at the time
of liquidation (plus all unreimbursed Monthly Advances and
Liquidation Expenses in connection therewith other than those
previously paid from the Collateral Fund) exceeds the actual
sales price obtained for the related Mortgaged Property, and the
Company or the Trustee shall withdraw the amount of such excess
from the Collateral Fund and shall remit the same to the Trust
Fund for application as additional Liquidation Proceeds pursuant
to the Pooling and Servicing Agreement. After making such
withdrawal, all amounts remaining in the Collateral Fund (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) above and after reimbursement to the Servicer for
all related Monthly Advances) in respect of such Mortgage Loan
shall be released to the Purchaser.
Section 2.04. Termination.
(a) With respect to all Mortgage Loans included in the
Trust Fund, the Purchaser's right to make any Election to Delay
Foreclosure or any Election to Foreclose and the Company's
obligations under Section 2.01 shall terminate on the earliest to
occur of the following: (i) at such time as the Class Certificate
Principal Balance of the Class B_ Certificates has been reduced
to zero, (ii) if the greater of (x) 43% (or such lower or higher
percentage that represents the Company's actual
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<PAGE>
loss experience with respect to the Mortgage Loans in the related
pool) of the aggregate principal balance of all Mortgage Loans
that are in foreclosure or are more than 90 days delinquent on a
contractual basis and the aggregate book value of REO properties
or (y) the aggregate amount that the Company estimates through
its normal servicing practices will be required to be withdrawn
from the Collateral Fund with respect to Mortgage Loans as to
which the Purchaser has made an Election to Delay Foreclosure or
an Election to Foreclose exceeds (z) the then-current Class
Certificate Principal Balance of the Class B_ Certificates, or
(iii) upon any transfer by the Purchaser of any interest (other
than the minority interest therein, but only if the transferee
provides written acknowledgment to the Company of the Purchaser's
right hereunder and that such transferee will have no rights
hereunder) in the Class B_ Certificates [or in the Class B5
Certificates] (whether or not such transfer is registered under
the Pooling and Servicing Agreement), including any such transfer
in connection with a termination of the Trust Fund. Unless
earlier terminated as set forth herein, this Agreement and the
respective rights, obligations and responsibilities of the
Purchaser and the Company hereunder shall terminate immediately
upon (x) the later to occur of (i) the final liquidation of the
last Mortgage Loan as to which the Purchaser made any Election to
Delay Foreclosure or any Election to Foreclose and the withdrawal
of all remaining amounts in the Collateral Fund as provided
herein and (ii) ten (10) Business Days' notice or (y) the
occurrence of any event that results in the Purchaser becoming an
"affiliate" of the Trustee within the meaning of the Prohibited
Transaction Exemption (as defined in the Pooling and Servicing
Agreement).
(b) The Purchaser's rights pursuant to Section 2.02 or 2.03
of this Agreement shall terminate with respect to a Mortgage Loan
as to which the Purchaser has exercised its rights under Section
2.02 or 2.03 hereof, upon Purchaser's failure to deposit any
amounts required pursuant to Section 2.02(d) or 2.03(b) after one
Business Day's notice of such failure.
Section 2.05. Notification. The Purchaser shall promptly
notify the Trustee and the Company if such Purchaser becomes
aware of any discussions, plans or events that might lead to such
Person's becoming an "affiliate" (within the meaning of the
Prohibited Transaction Exemption) of the Trustee, provided that
the contents of any such notification shall be kept confidential
by the parties to this Agreement.
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ARTICLE III
COLLATERAL FUND; SECURITY INTEREST
Section 3.01. Collateral Fund. Upon payment by the
Purchaser of the initial amount required to be deposited in the
Collateral Fund pursuant to Article II, the Company shall request
the Trustee to establish and maintain with the Trustee a
segregated account entitled "REMIC Multi-Class Pass-Through
Certificates 199_-__ Collateral Fund, for the benefit of GE
Capital Mortgage Services, Inc. and State Street Bank and Trust
Company on behalf of Certificateholders, as secured parties" (the
"Collateral Fund"). Amounts held in the Collateral Fund shall
continue to be the property of the Purchaser, subject to the
first priority security interest granted hereunder for the
benefit of such secured parties, until withdrawn from the
Collateral Fund pursuant to the Section 2.02 or 2.03 hereof.
Upon the termination of this Agreement and the liquidation
of all Mortgage Loans as to which the Purchaser has made any
Election to Delay Foreclosure or any Election to Foreclose
pursuant to Section 2.04 hereof, the Company shall distribute to
the Purchaser all amounts remaining in the Collateral Fund
together with any investment earnings thereon (after giving
effect to all withdrawals therefrom permitted under this
Agreement).
The Purchaser shall not take or direct the Company or the
Trustee to take any action contrary to any provision of the
Pooling and Servicing Agreement. In no event shall the Purchaser
(i) take or cause the Trustee or the Company to take any action
that could cause any REMIC established under the Pooling and
Servicing Agreement to fail to qualify as a REMIC or cause the
imposition on any such REMIC of any "prohibited transaction" or
"prohibited contribution" taxes or (ii) cause the Trustee or the
Company to fail to take any action necessary to maintain the
status of any such REMIC as a REMIC.
Section 3.02. Collateral Fund Permitted Investments. The
Company shall, at the written direction of the Purchaser, direct
the Trustee to invest the funds in the Collateral Fund in the
name of the Trustee in Collateral Fund Permitted Investments.
Such direction shall not be changed more frequently then
quarterly. In the absence of any direction, the Company shall
direct the Trustee select such investments in accordance with the
definition of Collateral Fund Permitted Investments in its
discretion.
All income and gain realized from any investment as well as
any interest earned on deposits in the Collateral Fund (net of
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<PAGE>
any losses on such investments) and any payments of principal
made in respect of any Collateral Fund Permitted Investment shall
be deposited in the Collateral Fund upon receipt. All costs and
realized losses associated with the purchase and sale of
Collateral Fund Permitted Investments shall be borne by the
Purchaser and the amount of net realized losses shall be promptly
deposited by the Purchaser in the Collateral Fund. The Company
shall periodically (but not more frequently than monthly) direct
the Trustee to distribute to the Purchaser upon request an amount
of cash, to the extent cash is available therefor in the
Collateral Fund, equal to the amount by which the balance of the
Collateral Fund, after giving effect to all other distributions
to be made from the Collateral Fund on such date, exceeds the
Required Collateral Fund Balance. Any amounts so distributed
shall be released from the lien and security interest of this
Agreement.
Section 3.03. Grant of Security Interest. In order to
secure the obligations of the Purchaser hereunder to the Company
and the Trustee for the benefit of Certificateholders (other than
its obligations under Section 4.10), the Purchaser hereby grants
to the Company and to the Trustee for the benefit of the
Certificateholders a security interest in and lien on all of the
Purchaser's right, title and interest, whether now owned or
hereafter acquired, in and to: (1) the Collateral Fund, (2) all
amounts deposited in the Collateral Fund and Collateral Fund
Permitted Investments in which such amounts are invested (and the
distributions and proceeds of such investments) and (3) all cash
and non-cash proceeds of any of the foregoing, including proceeds
of the voluntary or involuntary conversion thereof (all of the
foregoing collectively, the "Collateral").
The Purchaser acknowledges the lien on and security
interest in the Collateral for the benefit of the Company and the
Trustee on behalf of the Certificateholders. The Purchaser shall
take all actions requested by the Company or the Trustee as may
be reasonably necessary to perfect the security interest created
under this Agreement in the Collateral and cause it to be prior
to all other security interests and liens, including the
execution and delivery to the Company or at its direction the
Trustee for filing of appropriate financing statements in
accordance with applicable law.
Section 3.04. Collateral Shortfalls. In the event that
amounts on deposit in the Collateral Fund at any time are
insufficient to cover any withdrawals therefrom that the Company
or the Trustee is then entitled to make hereunder, the Purchaser
shall be obligated to pay such amounts to the Company or the
Trustee immediately upon demand. Such obligation shall
constitute a general corporate obligation of the Purchaser. The
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<PAGE>
failure to pay such amounts within two Business Days of such
demand (except for amounts to cover interest on a Mortgage Loan
pursuant to Sections 2.02(d) and 2.03(b)), shall cause an
immediate termination of the Purchaser's right to make any
Election to Delay Foreclosure or Election to Foreclose and the
Company's obligations under this Agreement with respect to all
Mortgage Loans to which such insufficiencies relate, without the
necessity of any further notice or demand on the part of the
Company.
ARTICLE IV
MISCELLANEOUS PROVISIONS
Section 4.01. Amendment. This Agreement may be amended from
time to time by the Company and the Purchaser by written
agreement signed by the Company and the Purchaser provided that
no such amendment shall have a material adverse effect on the
holders of other Classes of Certificates.
Section 4.02. Counterparts. This Agreement may be executed
simultaneously in any number of counterparts, each of which
counterparts shall be deemed to be an original, and such
counterparts shall constitute but one and the same instrument.
Section 4.03. Governing Law. This Agreement shall be
construed in accordance with the laws of the State of New York
and the obligations, rights and remedies of the parties hereunder
shall be determined in accordance with such laws.
Section 4.04. Notices. All demands, notices and direction
hereunder shall be in writing or by telecopy and shall be deemed
effective upon receipt to:
(a) in the case of the Company, with respect to notices
pursuant to Sections 2.02 and 2.03 hereto,
GE Capital Mortgage Services, Inc.
2000 West Loop South
Suite 1917
Houston, Texas 77027
Attention: Mark Pendergrass
Telephone: (713) 964-4207
Facsimile: (713) 964-4100
13
<PAGE>
with respect to all other notices pursuant to this Agreement,
GE Capital Mortgage Services, Inc.
Three Executive Campus
Cherry Hill, New Jersey 08002
Attention: General Counsel
Telephone: (609) 661-6515
Facsimile: (609) 661-6875
or such other address as may hereafter be furnished in writing by
the Company, or
(b) in the case of the Purchaser, with respect to notices
pursuant to Section 2.01,
--------------------------------
--------------------------------
--------------------------------
Attention:______________________
Telephone:______________________
Facsimile:______________________
with respect to all other notices pursuant to this
Agreement,
--------------------------------
--------------------------------
--------------------------------
Attention:______________________
Telephone:______________________
Facsimile:______________________
or such other address as may hereafter be furnished in writing by
the Purchaser, or
(c) in the case of the Trustee,
State Street Bank and Trust Company
Corporate Trust Department
Two International Place, Fifth Floor
Boston, Massachusetts 02110
Attention: Karen Beard
Telephone: (617) 664-5465
Facsimile: (617) 664-5367
Section 4.05. Severability of Provisions. If any one or
more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever, including
regulatory, held invalid, then such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
14
<PAGE>
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement.
Section 4.06. Successor and Assigns. The provisions of this
Agreement shall be binding upon and inure to the benefit of the
parties hereto and the respective successors and assigns of the
parties hereto; provided, however, that the rights under this
Agreement cannot be assigned by the Purchaser without the consent
of the Company.
Section 4.07. Article and Section Headings. The article
and section headings herein are for convenience of reference only
and shall not limit or otherwise affect the meaning hereof.
Section 4.08. Third Party Beneficiaries. The Trustee on
behalf of Certificateholders is the intended third party
beneficiary of this Agreement.
Section 4.09. Confidentiality. The Purchaser agrees that
all information supplied by or on behalf of the Company pursuant
to Section 2.01 or 2.02, including individual account
information, is the property of the Company and the Purchaser
agrees to use such information solely for the purposes set forth
in this Agreement and to hold such information confidential and
not to disclose such information.
Section 4.10. Indemnification. The Purchaser agrees to
indemnify and hold harmless the Company against any and all
losses, claims, damages or liabilities to which it may be
subject, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
actions taken by the Company in accordance with the provisions of
this Agreement and which actions conflict or are alleged to
conflict with the Company's obligations under the Pooling and
Servicing Agreement. The Purchaser hereby agrees to reimburse the
Company on demand for the reasonable legal or other expenses
incurred by it in connection with investigating or defending any
such loss, claim, damage, liability or action.
[Section 4.11. Delayed Effectiveness. The Purchaser agrees
that, notwithstanding any other provision of this Agreement, the
Purchaser shall have no rights hereunder, and the Company shall
have no obligations hereunder, until the Class Certificate
Principal Balance of the Class B5 Certificates has been reduced
to zero and any Special Servicing and Collateral Fund Agreement
between the Company and the Purchaser relating to such Class B5
Certificates has been terminated.]
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<PAGE>
IN WITNESS WHEREOF, the Company and the Purchaser have
caused their names to be signed hereto by their respective
officers thereunto duly authorized, all as of the day and year
first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:--------------------------------
Name:
Title:
[PURCHASER]
By:--------------------------------
Name:
Title:
Acknowledged and agreed to:
STATE STREET BANK AND TRUST COMPANY
By:--------------------------------
Name:
Title:
16
<PAGE>
EXHIBIT L
FORM OF LOST NOTE AFFIDAVIT AND AGREEMENT
State of New Jersey )
) ss:
County of Camden )
I, ___________________________________, being duly
sworn, do hereby state under oath that:
1. I am a duly elected ______________________________
of GE Capital Mortgage Services, Inc. (the "Company") and am duly
authorized to make this affidavit.
2. This affidavit is being delivered in connection
with the transfer of the Mortgage Loan described in Paragraph 3
hereof by the Company pursuant to the Pooling and Servicing
Agreement dated as of [date] between the Company, Seller and
Servicer, and State Street Bank and Trust Company, Trustee,
relating to the Company's REMIC Multi-Class Pass-Through
Certificates, Series [ ] ("Agreement"). Such Mortgage Loan
constitutes a Designated Loan.
3. The Company is the payee under the following
described Mortgage Note which evidences the obligation of the
borrower(s) to repay the Mortgage Loan:
Loan No.:__________________________________________________
Mortgage Note Date:________________________________________
Borrower(s):_______________________________________________
Original Payee (if not the Company):_______________________
Original Amount:___________________________________________
Mortgage Rate:_____________________________________________
Address of Mortgaged Property:_____________________________
-----------------------------------------------------------
<PAGE>
4. The Company is the lawful owner of the Mortgage
Note and has not cancelled, altered, assigned or hypothecated the
Mortgage Note.
5. A thorough and diligent search for the original
executed Mortgage Note was undertaken and was unsuccessful.
6. Attached hereto is a true and correct copy of the
Mortgage Note.
7. The Mortgage Note has not been endorsed by the
Company in any manner inconsistent with its transfer of the
Mortgage Loan under the Agreement.
8. The Company hereby confirms and agrees that in the
event the inability to produce the executed original Mortgage
Note results in a breach of the representations and warranties
appearing in Agreement subsections 2.03(a)(ii) (the validity and
enforceability of the lien created by the Mortgage Loan) or (x)
(no valid offset, defense or counterclaim to any Mortgage Note or
Mortgage), the Company shall repurchase the Mortgage Loan at the
Purchase Price and otherwise in accordance with Section 2.03(b)
of the Agreement. The Company's obligations under the preceding
sentence shall not affect or impair the Company's obligations to
the Trustee under Section 8.05 of the Agreement.
9. In the event that the Company locates the executed
original Mortgage Note, it shall promptly provide the Mortgage
Note to the Trustee.
10. Capitalized terms not otherwise defined herein
shall have the meanings given them in the Agreement.
Date:_______________________ By:________________________________
Name:
Title:
2
<PAGE>
State of New Jersey )
) ss:
County of Camden )
On this ________ day of __________________________, 199__,
before me appeared ___________________________________, to me
personally known, who acknowledged the execution of the foregoing
and who, having been duly sworn, states that he/she is a/the
__________________________________ of GE Capital Mortgage
Services, Inc., that any representations therein contained are
true, that this Lost Note Affidavit was signed and sealed on
behalf of GE Capital Mortgage Services, Inc. and that this Lost
Note Affidavit is the free act and deed of GE Capital Mortgage
Services, Inc.
-----------------------------------
Notary Public
[Notarial Seal]
3
<PAGE>
EXHIBIT M
Any of the following investment funds shall be a permitted
investment fund for the purposes of Section 3.17 of this
Agreement, so long as the investment fund selected for investment
of amounts in the Reserve Fund is rated by a Rating Agency in
such Rating Agency's highest short-term rating category:
Federated Trust for U.S. Treasury Obligations1
Federated Automated Government Money Trust
Federated Automated Government Cash Reserve Fund
The Valiant Fund - U.S. Treasury Money Market Portfolio
- --------
1 Amounts in the Reserve Fund created pursuant to Section
3.17 of this Agreement shall initially be invested in the
Federated Trust for U.S. Treasury Obligations.
<PAGE>
EXHIBIT N
SCHEDULE OF DESIGNATED LOANS
<PAGE>
EXHIBIT O
PLEDGED ASSET MORTGAGE LOANS
<PAGE>
