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) November 25, 1997
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under the Pooling and
Servicing Agreement, dated as of November 1, 1997,
providing for the issuance of REMIC Multi-Class
Pass-Through Certificates, Series 1997-11)
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 November 25, 1997 GE Capital Mortgage Services, Inc.
("GECMSI") offered to investors certain classes of its REMIC
Multi-Class Pass-Through Certificates, Series 1997-11 (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 1997-11") 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
November 20, 1997 as supplemented by the Prospectus Supplement
dated November 20, 1997.
The original principal balance of each Class of the Certificates
is as follows:
Class A1 $286,281,000.00
Class A2 $30,042,000.00
Class A3 $47,129,000.00
Class A4 $15,836,000.00
Class A5 $100,143,000.00
Class M $7,763,000.00
Class B1 $4,758,000.00
Class B2 $3,756,000.00
Class B3 $2,504,000.00
Class B4 $751,000.00
Class B5 $1,753,640.13
Class R $100.00
Class S (1)
---------------
Total: $500,716,740.13
(1) The Class S Certificates are issued with an initial
Notional Principal Balance of $494,770,647.58 and shall
bear interest at the Strip Rate (as defined in the Pooling
and Servicing Agreement).
The initial Junior Percentage and initial Senior Percentage for
Pool 1997-11 are approximately 4.25% and 95.75%, respectively.
The initial Class A-5 percentage is 20.00%. The "Bankruptcy Loss
Amount," the "Fraud Loss Amount" and the "Special Hazard Loss
Amount" for Pool 1997-11 as of the initial issuance of the
Certificates are $200,645, $5,008,170 and $5,008,170,
respectively, representing approximately 0.04%, 1.00%, and 1.00%,
respectively, of the aggregate Scheduled Principal Balances of
the Mortgage Loans as of November 1, 1997 (the "Cut-off Date").
2
<PAGE>
Description of the Mortgage Pool and the Mortgaged Properties
Pool 1997-11
Pool 1997-11 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
$500,816,972.70.
The interest rates (the "Mortgage Rates") borne by the 1,664
Mortgage Loans conveyed by GECMSI to Pool 1997-11 range from
6.8750% to 9.5000% and the weighted average Mortgage Rate as of
the Cut-off Date is 7.7847% 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 1997-11 ranged
from $35,000.00 to $1,312,000.00, and, as of the Cut-off Date,
the average outstanding Scheduled Principal Balance of the
Mortgage Loans in Pool 1997-11 is $300,971.74, 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 1997-11 is April
1995, and the latest scheduled maturity date of any such Mortgage
Loan is November 2027. The weighted average loan-to-value ratio
of the Mortgage Loans as of the Cut-off Date in Pool 1997-11 is
77.1911%.
3
<PAGE>
The Mortgage Loans in Pool 1997-11 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 1997-11:
AGGREGATE % OF
BALANCES POOL BY
MORTGAGE # OF AS OF AGGREGATE
RATES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
6.8750% 1 $414,101.80 0.0827%
7.0000% 3 $795,148.67 0.1588%
7.1000% 1 $248,966.09 0.0497%
7.1250% 13 $4,312,923.40 0.8612%
7.2500% 37 $11,046,120.47 2.2056%
7.3000% 1 $349,184.06 0.0697%
7.3750% 97 $30,905,534.03 6.1710%
7.4000% 2 $653,602.79 0.1305%
7.5000% 170 $50,501,107.41 10.0837%
7.5500% 8 $2,144,952.00 0.4283%
7.6000% 6 $1,633,047.21 0.3261%
7.6250% 215 $67,552,992.76 13.4886%
7.6500% 6 $1,359,935.15 0.2715%
7.7000% 8 $1,610,275.44 0.3215%
7.7500% 314 $98,161,053.59 19.6002%
7.8000% 13 $3,420,234.41 0.6829%
7.8500% 10 $1,529,983.01 0.3055%
7.8750% 335 $101,701,248.00 20.3071%
7.9000% 3 $956,518.05 0.1910%
7.9500% 8 $2,238,172.77 0.4469%
7.9900% 30 $8,863,038.46 1.7697%
8.0000% 172 $50,301,605.91 10.0439%
8.0500% 6 $1,337,926.13 0.2671%
8.1000% 4 $527,417.79 0.1053%
8.1250% 76 $24,289,447.76 4.8500%
8.1500% 1 $250,506.58 0.0500%
8.2500% 49 $13,916,811.32 2.7788%
8.3500% 1 $123,239.96 0.0246%
8.3750% 20 $5,772,702.65 1.1527%
8.5000% 29 $8,910,805.90 1.7793%
8.6250% 8 $2,541,998.24 0.5076%
8.7500% 3 $477,506.84 0.0953%
8.8750% 4 $947,020.88 0.1891%
9.0000% 5 $541,687.88 0.1082%
9.1250% 1 $61,167.44 0.0122%
9.2500% 2 $223,883.87 0.0447%
9.5000% 2 $195,103.98 0.0390%
---- --------------- ---------
Total 1,664 $500,816,972.70 100.0000%
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 1997-11 :
AGGREGATE % OF
BALANCES POOL BY
ORIGINAL # OF AS OF AGGREGATE
BALANCES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
$ 0 - 214,600 98 $12,516,639.32 2.4992%
$214,601 - 250,000 419 $98,000,668.30 19.5682%
$250,001 - 300,000 530 $145,416,127.98 29.0358%
$300,001 - 350,000 271 $88,152,552.36 17.6018%
$350,001 - 400,000 139 $51,964,447.94 10.3759%
$400,001 - 450,000 85 $35,925,628.84 7.1734%
$450,001 - 600,000 92 $46,540,118.16 9.2928%
$600,001 - 650,000 15 $9,636,672.09 1.9242%
$650,001 - 1,700,000 15 $12,664,117.71 2.5287%
---- --------------- ---------
Total 1,664 $500,816,972.70 100.0000%
The largest outstanding Scheduled Principal Balance of any
Mortgage Loan, as of the Cut-off Date, in Pool 1997-11 is
$1,312,000.00.
The smallest outstanding Scheduled Principal Balance of any
Mortgage Loan, as of the Cut-off Date, in Pool 1997-11 is
$34,875.82
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 1997-11:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
1995 1 $304,773.89 0.0609%
1996 3 $1,072,272.24 0.2141%
1997 1,660 $499,439,926.57 99.7250%
---- --------------- ---------
Total 1,664 $500,816,972.70 100.0000%
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 1997-11 (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 54 $14,959,108.09 2.9869%
50.001 - 60.00 72 $25,456,938.67 5.0831%
60.001 - 70.00 165 $54,015,219.90 10.7854%
70.001 - 75.00 229 $71,179,064.96 14.2126%
75.001 - 80.00 778 $234,895,061.56 46.9024%
80.001 - 85.00 28 $8,027,917.49 1.6030%
85.001 - 90.00 197 $56,569,904.38 11.2955%
90.001 - 95.00 141 $35,713,757.65 7.1311%
95.001 - 100.00 0 $0.00 0.0000%
---- --------------- ---------
Total 1,664 $500,816,972.70 100.0000%
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 1997-11:
AGGREGATE % OF
BALANCES POOL BY
TYPE OF # OF AS OF AGGREGATE
DWELLING LOANS CUT-OFF DATE BALANCE
- -------- ----- ------------ ---------
Single-family
detached 1,541 $467,612,932.55 93.3700%
Single-family
attached 44 $12,293,498.48 2.4547%
Condominium 61 $15,244,840.29 3.0440%
2 - 4 Family Units 16 $5,336,701.38 1.0656%
Co-op 2 $329,000.00 0.0657%
---- --------------- ---------
Total 1,664 $500,816,972.70 100.0000%
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 1997-11:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
OCCUPANCY LOANS CUT-OFF DATE BALANCE
- --------- ----- ------------ ---------
Owner Occupied 1,615 $487,474,230.69 97.3358%
Vacation 40 $12,071,990.37 2.4105%
Investment 9 $1,270,751.64 0.2537%
---- --------------- ---------
Total 1,664 $500,816,972.70 100.0000%
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
1997-11:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
STATE LOANS CUT-OFF DATE BALANCE
- ----- ----- ------------ ---------
Alaska 1 $193,247.84 0.0386%
Alabama 7 $2,334,420.33 0.4661%
Arkansas 2 $525,393.93 0.1049%
Arizona 45 $12,426,088.86 2.4812%
California 778 $239,737,063.73 47.8691%
Colorado 40 $11,242,340.69 2.2448%
Connecticut 29 $11,013,011.76 2.1990%
District of Columbia 4 $1,198,531.81 0.2393%
Delaware 3 $811,101.56 0.1620%
Florida 37 $8,570,357.93 1.7113%
Georgia 31 $9,199,025.09 1.8368%
Hawaii 5 $1,936,965.05 0.3868%
Iowa 4 $1,016,077.31 0.2029%
Idaho 1 $1,000,000.00 0.1997%
Illinois 35 $10,564,523.94 2.1095%
Indiana 4 $1,326,315.12 0.2648%
Kentucky 3 $747,252.25 0.1492%
Louisiana 11 $3,201,606.72 0.6393%
Massachusetts 52 $15,384,477.73 3.0719%
Maryland 66 $19,333,941.03 3.8605%
Maine 1 $499,647.10 0.0998%
Michigan 4 $1,229,738.61 0.2455%
Minnesota 22 $6,719,408.41 1.3417%
Missouri 8 $2,801,038.26 0.5593%
Montana 1 $220,000.00 0.0439%
North Carolina 11 $2,862,198.60 0.5715%
North Dakota 1 $311,558.16 0.0622%
Nebraska 3 $777,182.51 0.1552%
New Hampshire 5 $1,488,558.23 0.2972%
New Jersey 97 $28,417,270.98 5.6742%
New Mexico 7 $2,204,505.43 0.4402%
Nevada 10 $2,958,072.71 0.5906%
New York 34 $11,102,057.34 2.2168%
Ohio 10 $2,499,069.81 0.4990%
Oklahoma 3 $727,173.43 0.1452%
Oregon 14 $4,667,542.54 0.9320%
Pennsylvania 58 $18,816,684.09 3.7572%
Rhode Island 2 $579,391.62 0.1157%
South Carolina 6 $1,700,960.24 0.3396%
Tennessee 1 $349,746.68 0.0698%
Texas 73 $19,789,118.35 3.9514%
Utah 8 $2,435,589.98 0.4863%
Virginia 80 $22,722,749.47 4.5371%
Vermont 2 $685,996.69 0.1370%
Washington 38 $10,642,964.30 2.1251%
Wisconsin 6 $1,622,165.29 0.3239%
West Virginia 1 $224,841.19 0.0449%
---- --------------- ---------
Total 1,664 $500,816,972.70 100.0000%
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 1997-11:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2017 11 $2,939,885.82 0.5870%
2022 1 $310,000.00 0.0619%
2025 3 $1,078,072.76 0.2153%
2026 8 $2,651,762.99 0.5295%
2027 1,641 $493,837,251.13 98.6063%
----- --------------- ---------
Total 1,664 $500,816,972.70 100.0000%
The weighted average scheduled remaining term to maturity of the
Mortgage Loans in Pool 1997-11 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 1997-11:
AGGREGATE % OF
BALANCES POOL BY
PURPOSE # OF AS OF AGGREGATE
OF LOAN LOANS CUT-OFF DATE BALANCE
- ------- ----- ------------ ---------
Purchase 1,062 $310,133,410.25 61.9255%
Rate Term/Refinance 493 $160,001,870.75 31.9482%
Cash-out Refinance 109 $30,681,691.70 6.1263%
----- --------------- ---------
Total 1,664 $500,816,972.70 100.0000%
8
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND
EXHIBITS.
1.1 The Underwriting Agreement, dated as of August 14, 1995, and
the related Terms Agreement, dated as of November 20, 1997,
for certain of the Series 1997-11 Certificates between GE
Capital Mortgage Services, Inc. and Morgan Stanley & Co.
Incorporated.
1.2 The Underwriting Agreement, dated as of September 19, 1997,
and the related Terms Agreement, dated as of November 20,
1997, for certain of the Series 1997-11 Certificates between
GE Capital Mortgage Services, Inc. and Greenwich Capital
Markets, Inc..
4.1 The Pooling and Servicing Agreement for the Series 1997-11
Certificates, dated as of November 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: /s/ Syed W. Ali
---------------------------
Name: Syed W. Ali
Title: Vice President
Dated as of November 25, 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 November 25, 1997
11
<PAGE>
EXHIBIT INDEX
The exhibits are being filed herewith:
- -------------------------------------------------------------------------
EXHIBIT NO. DESCRIPTION PAGE
- -------------------------------------------------------------------------
1.1 1.1 The Underwriting Agreement,
dated as of August 14, 1995, and
the related Terms Agreement,
dated as of November 20, 1997,
for certain of the Series 1997-11
Certificates between GE Capital
Mortgage Services, Inc. and
Morgan Stanley & Co.
Incorporated.
1.2 1.2 The Underwriting Agreement,
dated as of September 19, 1997,
and the related Terms Agreement,
dated as of November 20, 1997,
for certain of the Series 1997-11
Certificates between GE Capital
Mortgage Services, Inc. and
Greenwich Capital Markets, Inc..
4.1 The Pooling and Servicing
Agreement for the Series 1997-11
Certificates, dated as of November
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
Morgan Stanley & Co. Incorporated New York, New York
1221 Avenue of the Americas August 14, 1995
New York, New York 10020
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 a pool 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
pursuant to this Agreement and the related Terms Agreement shall
take place on the terms set forth herein and therein and not as
set forth in Rule 15c6-1(a) under 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
Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which
such
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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
(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 the related Terms 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 Sheet that
reflects, in the reasonable judgment of the Underwriter and
the Company, a material change in the characteristics of
the Mortgage Loans
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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 and
will furnish to the Underwriter a file stamped copy of the
transmittal letter accompanying such filing. 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 (i) 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 (ii)
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. The Company shall give notice to the Underwriter
of its determination not to file Computational Materials,
Structural Term Sheets or Collateral Term Sheets pursuant
to clause (i) of the preceding sentence and agrees to file
such Computational Materials, Structural Term Sheets or
Collateral Term Sheets if the Underwriter reasonably
objects to such determination within one business day after
receipt of such notice.
(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
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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
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 to
such Collateral Term Sheets that are furnished to the
Company by the Underwriter pursuant to Section 9(d) hereof
which are required to be filed 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
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<PAGE>
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 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, 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 and any other costs and expenses
specified in the related Terms Agreement as "Additional
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 authorized, executed and
delivered by the Company under the laws of the State
of New York;
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<PAGE>
(ii) the related Pooling and Servicing
Agreement has been duly authorized, 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 telephonic 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, no proceeding
for that purpose has been instituted or threatened by
the Commission under the Act; 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
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, 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 and
ABS Term Sheets (as defined in Section 9 below) 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
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<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 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 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 the other in connection with
the
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<PAGE>
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; provided, however, that in no case shall
the Underwriter be responsible under this subparagraph (ii)
for any amount in excess of the aggregate Purchase Price
for the Offered Certificates. 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 which 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
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<PAGE>
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
"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;
(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; provided, however,
that the Underwriter makes no representation or
warranty as to such Prospectus and Prospectus
Supplement (other than
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<PAGE>
such portion thereof described in Section 7(a)(i)(A));
and
(iv) all Computational Materials (or underlying
materials distributed to prospective investors on
which the Computational Materials were based) or
Structural Term Sheets furnished to prospective
investors contained and will contain a legend,
prominently displayed on the first page thereof
stating that the Computational Materials or Structural
Term Sheets are being provided exclusively by the
Underwriter and that the Underwriter is acting as the
underwriter and not acting as an agent of the Company
in connection with the securities described therein,
and otherwise in form and substance satisfactory to
the Company.
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)
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 the
Company has not authorized and will not authorize the
distribution of any Computational Materials (or any written or
electronic materials on which the Computational Materials are
based) or Structural Term Sheets to any prospective investor, and
agrees that any Computational Materials or Structural Term Sheets
with respect to any Series of Certificates furnished to
prospective investors from and after November 15, 1994 included
and shall include a disclaimer in the form set forth in paragraph
(b)(iv) above. The Underwriter agrees that it will not represent
to prospective investors that any Computational Materials or
Structural Term Sheets were prepared or disseminated on behalf of
the Company.
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<PAGE>
(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
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 (i) as to
such Prospectus and Prospectus Supplement (other than such
portion thereof described in Section 7(a)(i)(A)) and (ii) 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 (i) the Company determines
that 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) the Company reasonably determines that
such filing is not required under the Act. The Company shall give
notice to the Underwriter of its determination not to file an
amendment or supplement pursuant to clause (ii) of the preceding
sentence and agrees to file such amendment or supplement if the
Underwriter reasonably objects to such determination within one
business day after receipt of such notice.
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<PAGE>
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 such Offered Certificates which 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) 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;
(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
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<PAGE>
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; and
(iii) the Underwriter has not represented to
any prospective investor that any Collateral Term Sheets
with respect to any Series were prepared or disseminated on
behalf of the Company, and, except as otherwise disclosed
by the Underwriter to the Company in writing prior to the
date hereof, all Collateral Term Sheets previously
furnished to prospective investors included a disclaimer to
the effect set forth in Section 8(b)(iv).
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
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
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
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<PAGE>
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, 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 (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
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
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<PAGE>
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
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.
<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.
MORGAN STANLEY & CO. INCORPORATED
By:
Name:
Title:
- 31 -
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
(to Underwriting Agreement,
dated August 14, 1995
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08034
Morgan Stanley & Co. Incorporated (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,
MORGAN STANLEY & CO. INCORPORATED
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 1997-11
TERMS AGREEMENT
---------------
(to Underwriting Agreement
dated August 14, 1995,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus November 20, 1997
Cherry Hill, NJ 08002
Morgan Stanley & Co. Incorporated (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 1997-11 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 1997-11 Certificates are
registered with the Securities and Exchange Commission by means
of an effective Registration Statement (No. 333-24935).
Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pool: The Series 1997-11
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 November 1, 1997 (the "Cut-off
Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$500,816,972 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 $475,000,000 or greater than $525,000,000.
(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
Principal Interest Price
Class Balance Rate Percentage
----- ------- ---- ----------
Class A1 $286,281,000.00 7.00% 99.265600%
Class A2 30,042,000.00 7.00 99.265600
Class A3 47,129,000.00 7.00 99.265600
Class A4 15,836,000.00 7.00 99.265600
Class A5 100,143,000.00 7.00 99.265600
Class R 100.00 7.00 99.265600
(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 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, November 25,
1997 (the "Closing Date").
Section 4. Required Ratings: The Offered Certificates
shall have received Required Ratings of "AAA" from Fitch
Investors Service, L.P. and Standard & Poor's Rating Services, a
division of The McGraw-Hill Companies, Inc.
Section 5. Tax Treatment: One or more elections will
be made to treat the assets of the Trust Fund as a REMIC.
Section 6. Additional Expenses. The Underwriter will
pay all expenses (e.g., shipping, postage and courier costs)
associated with the delivery of the 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 the Prospectus is
delivered to investors on the day immediately preceding the
Closing Date, the Company will pay such courier expenses.
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,
MORGAN STANLEY & CO. INCORPORATED
By:
-------------------------------
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By:
------------------------------
Name:
Title:
3
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
- 2 -
<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
- 4 -
<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
- 5 -
<PAGE>
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
- 6 -
<PAGE>
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
- 7 -
<PAGE>
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
- 8 -
<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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<PAGE>
(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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(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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<PAGE>
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
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<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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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
- 23 -
<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)
- 24 -
<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
- 25 -
<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)
- 26 -
<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
- 27 -
<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
- 28 -
<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
- 29 -
<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.
- 30 -
<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
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1997-11
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 November 20, 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 1997-11 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 1997-11 Certificates are
registered with the Securities and Exchange Commission by means
of an effective Registration Statement (No. 333-24935).
Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pool: The Series 1997-11
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 November 1, 1997 (the "Cut-off
Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$500,816,972 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 $475,000,000 or greater than $525,000,000.
(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
Principal Interest Price
Class Balance Rate Percentage
----- ------- ---- ----------
Class M $7,763,000.00 7.00% 98.093750%
Class B1 4,758,000.00 7.00 97.375000
Class B2 3,756,000.00 7.00 95.843750
(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 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, November 25,
1997 (the "Closing Date").
Section 4. Required Ratings: The Class M, Class B1 and
Class B2 Certificates, shall have received Required Ratings of at
least "AA," "A" and "BBB," respectively, from Fitch Investors
Service, L.P.
Section 5. Tax Treatment: One or more elections will
be made to treat the assets of the Trust Fund as a REMIC.
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 hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By:
------------------------------
Name:
Title:
3
EXECUTION
- -----------------------------------------------------------------
GE CAPITAL MORTGAGE SERVICES, INC.,
Seller and Servicer
and
STATE STREET BANK AND TRUST COMPANY,
Trustee
-----------------------------------
POOLING AND SERVICING AGREEMENT
Dated as of November 1, 1997
-----------------------------------
REMIC Multi-Class Pass-Through Certificates,
Series 1997-11
- -----------------------------------------------------------------
<PAGE>
Section Page
TABLE OF CONTENTS
ARTICLE I
DEFINITIONS
1.01. Definitions.............................................. 1
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
2.01. Conveyance of Mortgage Loans............................. 38
2.02. Acceptance by Trustee.................................... 41
2.03. Representations and Warranties of the Company;
Mortgage Loan Repurchase................................ 42
2.04. Execution of Certificates................................ 48
2.05. Designations under the REMIC Provisions.................. 48
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
3.01. Company to Act as Servicer............................... 49
3.02. Collection of Certain Mortgage Loan Payments;
Mortgage Loan Payment Record; Certificate Account....... 55
3.03. Collection of Taxes, Assessments and Other Items......... 58
3.04. Permitted Debits to the Mortgage Loan Payment Record..... 58
3.05. Maintenance of the Primary Insurance Policies............ 60
3.06. Maintenance of Hazard Insurance.......................... 61
3.07. Assumption and Modification Agreements................... 61
3.08. Realization Upon Defaulted Mortgage Loans................ 62
3.09. Trustee to Cooperate; Release of Mortgage Files.......... 66
3.10. Servicing Compensation; Payment of Certain Expenses
by the Company.......................................... 67
3.11. Reports to the Trustee; Certificate
Account Statements...................................... 67
3.12. Annual Statement as to Compliance........................ 68
3.13. Annual Independent Public Accountants'
Servicing Report........................................ 68
3.14. Access to Certain Documentation and Information
Regarding the Mortgage Loans............................ 69
3.15. Maintenance of Certain Servicing Policies................ 69
3.16. Optional Purchase of Defaulted Mortgage Loans............ 69
i
<PAGE>
Section Page
ARTICLE IV
PAYMENTS AND STATEMENTS
4.01. Distributions............................................ 69
4.02. Method of Distribution................................... 74
4.03. Allocation of Losses..................................... 76
4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans.......................................... 78
4.05. Statements to Certificateholders......................... 79
4.06. Servicer's Certificate................................... 81
4.07. Reports of Foreclosures and Abandonments of
Mortgaged Property...................................... 81
4.08. Reduction of Servicing Fees by Compensating
Interest Payments....................................... 82
ARTICLE V
THE CERTIFICATES
5.01. The Certificates......................................... 82
5.02. Registration of Transfer and Exchange of Certificates.... 84
5.03. Mutilated, Destroyed, Lost or Stolen Certificates........ 91
5.04. Persons Deemed Owners.................................... 91
5.05. Access to List of Certificateholders' Names
and Addresses........................................... 92
5.06. Representation of Certain Certificateholders............. 92
5.07. Determination of COFI.................................... 92
5.08. Determination of LIBOR................................... 93
ARTICLE VI
THE COMPANY
6.01. Liability of the Company................................. 95
6.02. Merger or Consolidation of, or Assumption of the
Obligations of, the Company............................. 95
6.03. Assignment............................................... 95
6.04. Limitation on Liability of the Company and Others........ 96
6.05. The Company Not to Resign................................ 97
ii
<PAGE>
Section Page
ARTICLE VII
DEFAULT
7.01. Events of Default........................................ 97
7.02. Trustee to Act; Appointment of Successor................. 99
7.03. Notification to Certificateholders...................... 100
ARTICLE VIII
THE TRUSTEE
8.01. Duties of Trustee........................................100
8.02. Certain Matters Affecting the Trustee....................101
8.03. Trustee Not Liable for Certificates or Mortgage Loans....103
8.04. Trustee May Own Certificates.............................103
8.05. The Company to Pay Trustee's Fees and Expenses...........103
8.06. Eligibility Requirements for Trustee.....................104
8.07. Resignation or Removal of Trustee........................104
8.08. Successor Trustee........................................105
8.09. Merger or Consolidation of Trustee.......................106
8.10. Appointment of Co-Trustee or Separate Trustee............106
8.11. Compliance with REMIC Provisions; Tax Returns............107
ARTICLE IX
TERMINATION
9.01. Termination upon Repurchase by the Company or
Liquidation of All Mortgage Loans.......................108
9.02. Additional Termination Requirements......................109
ARTICLE X
MISCELLANEOUS PROVISIONS
10.01. Amendment...............................................110
10.02. Recordation of Agreement................................111
10.03. Limitation on Rights of Certificateholders..............112
10.04. Governing Law...........................................113
10.05. Notices.................................................113
10.06. Notices to the Rating Agencies..........................113
10.07. Severability of Provisions..............................114
10.08. Certificates Nonassessable and Fully Paid...............114
iii
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Section 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 Schedule of Designated Loans
iv
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THIS POOLING AND SERVICING AGREEMENT, dated as of
November 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: None.
Accretion Termination Date: None.
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 any Accretion Directed Certificates 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: None.
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
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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 to (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 (other
than any Principal Only 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 such Specified
Components 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 (other
than any Principal Only 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 Certificates consisting of Specified
Components) and among the 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.
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
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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%.
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 November of each year that the Certificates are
outstanding, commencing in November, 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
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<PAGE>
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, (y) the amount of any Unanticipated
Recovery credited to the Mortgage Loan Payment Record
pursuant to clause (vi) of Section 3.02, and (z) amounts
permitted to be debited from the Mortgage Loan Payment
Record pursuant to clauses (i) through (vii) and (ix) of
Section 3.04.
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 $200,645, 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 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.
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<PAGE>
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 B3, Class B4, Class B5, Class PO, Class R and Class S
Certificates, constitutes a Class of Book-Entry
Certificates.
Book-Entry Nominee: As defined in Section 5.02(b).
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.
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 the Class S Certificates, and
as of any Distribution Date, the per annum fixed rate
specified in Section 5.01(b). With respect to the Class S
Certificates and any Distribution Date, the Strip Rate for
such Distribution Date.
Certificate Owner: With respect to any Book-Entry
Certificate, the person who is the beneficial owner thereof.
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<PAGE>
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, 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.
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.
Class A5 Percentage: With respect to any Distribution
Date, the percentage obtained by dividing (x) the Class
Certificate Principal Balance of the Class A5 Certificates
immediately preceding such Distribution Date, by (y) the
aggregate Class Certificate Principal Balance of all of the
Certificates (other than the Class PO Certificates)
immediately preceding such Distribution Date.
Class A5 Prepayment Distribution Percentage: 0%
through the Distribution Date in November 2002; 30%
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<PAGE>
thereafter through the Distribution Date in November 2003;
40% thereafter through the Distribution Date in November
2004; 60% thereafter through the Distribution Date in
November 2005; 80% thereafter through the Distribution Date
in November 2006; and 100% thereafter.
Class A5 Principal Distribution Amount: With respect
to any Distribution Date, the sum of (a) the total of the
amounts described in clauses (i) and (iii) of the
definition of Senior Optimal Principal Amount (without
application of the Senior Percentage or the Senior
Prepayment Percentage) for such date multiplied by the
Class A5 Scheduled Distribution Percentage for such date,
and (b) the total of the amounts described in clauses (ii),
(iv) and (v) of the definition of Senior Optimal Principal
Amount (without application of the Senior Prepayment
Percentage) for such date multiplied by the product of (x)
the Class A5 Percentage for such date and (y) the Class A5
Prepayment Distribution Percentage for such date; provided,
however, (i) on the Group I Final Distribution Date, the
Class A5 Principal Distribution Amount will be increased by
any Senior Optimal Principal Amount remaining after
distributions of principal have been made on the Group I
Senior Certificates and (ii) following the Group I Final
Distribution Date, the Class A5 Principal Distribution
Amount will equal the Senior Optimal Principal Amount.
Class A5 Scheduled Distribution Percentage: For any
Distribution Date through the Distribution Date occurring
in November 2002, 0%. For any Distribution Date occurring
after the Distribution Date occurring in November 2002, the
Class A5 Percentage for such Distribution Date.
Notwithstanding the foregoing, on any Distribution Date
after the Group I Final Distribution Date, the Class A5
Scheduled Distribution Percentage will equal the Class A5
Percentage.
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 or any Class consisting of
Specified Components) or any Specified Component, any amount
7
<PAGE>
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 constituting a Specified
Component) on such Distribution Date is less than the
Accrued Certificate Interest thereon or in respect thereof
for such Distribution Date. As to any Distribution Date and
any Class of Certificates consisting of Specified
Components, the sum of the Class Interest Shortfalls for
such Components on such date.
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: November 25, 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
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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.
Component: None.
Component Certificate: None.
Component Interest Rate: 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.
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: November 1, 1997.
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
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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.).
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
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
10
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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 M 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 7.00% 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.
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)
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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 Junior Certificate
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.
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.
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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.
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.
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.
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 $5,008,170 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
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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% (from the first through and including the second
anniversaries of the Cut-Off Date) or 0.5% (from and
including the third through and including the fifth
anniversaries 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 Cut-off 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.
Group I Final Distribution Date: The Distribution Date
on which the aggregate Certificate Principal Balance of the
Group I Senior Certificates has been reduced to zero.
Group I Senior Certificate: Any Class A1, Class A2,
Class A3, Class A4 and Class R Certificate.
Group II Senior Certificate: Any Class A5 Certificate.
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: None.
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 Component,
the one-month period ending on the last day of the month
preceding the month in which such Distribution Date occurs.
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 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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<PAGE>
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.
After the Class Certificate Principal Balances of the
Junior Certificates have been reduced to zero, the Junior
Optimal Principal Amount shall be zero.
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 aggregate Certificate Principal Balance of the
Senior Certificates other than the Class PO Certificates
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: November 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 Certificates: None.
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.
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
17
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under any Primary Insurance Policy for reasons other than
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.
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).
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.
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Mortgage: The mortgage or deed of trust creating a
first lien on a fee simple interest in real property
securing a Mortgage Note.
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).
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.
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<PAGE>
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.
Non-Discount Mortgage Loan: Any Mortgage Loan with a
Net Mortgage Rate greater than or equal to 7.00% 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 7.00%. 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 S Certificate.
Notional Component: None.
Notional Component Balance: None.
Notional Principal Balance: 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
20
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Class S Certificate, such Certificate's Percentage Interest
of the aggregate Notional Principal Balance of the Class S
Certificates 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 Balance: As to any Distribution Date and any Class
of PAC Certificates and any PAC Component, the balance
designated as such for such Distribution Date and such
Class or Component as set forth in the Principal Balance
Schedules.
PAC Certificate: None.
PAC Component: None.
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
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<PAGE>
Certificate Interest for such Class and 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;
(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
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<PAGE>
(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,
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.
PO Percentage: As to any Discount Mortgage Loan, a
fraction (expressed as a percentage), the numerator of
which is the excess of 7.00% over the Net Mortgage Rate of
such Discount Mortgage Loan and the denominator of which is
7.00%. 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:
(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;
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(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.
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: 250% of the Prepayment
Assumption.
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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
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
Cut-off 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.
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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 PAC Balances of any PAC Certificates and
PAC Components, the TAC Balances of any TAC Certificates
and TAC Components, and the Scheduled Balances of any
Scheduled Certificates and Scheduled Components.
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 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 November 20, 1997.
Prohibited Transaction Exemption: U.S. Department of
Labor Prohibited Transaction Exemption 90-24, 55 Fed. Reg.
20548, May 17, 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
26
<PAGE>
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.
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.
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REMIC: A "real estate mortgage investment conduit"
within the meaning of section 860D of the Code.
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).
Reserve Fund: None.
Reserve Interest Rate: As defined in Section 5.08.
Residual Certificate: Any Class R 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.
Restricted Junior Certificate: Any Class B3, Class B4
or Class B5 Certificate.
S&P: Standard & Poor's Rating Services, a division of
The McGraw-Hill Companies, Inc., and its successors.
SAIF: The Savings Association Insurance Fund of the
FDIC, or its successor in interest.
Scheduled Balance: As to any Distribution Date and any
Class of Scheduled Certificates and any Scheduled
Component, the balance designated as such for such
Distribution Date and such Class or Component as set forth
in the Principal Balance Schedules.
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Scheduled Certificates: None.
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, the "unpaid balance" thereof specified in the initial
Mortgage Loan Schedule.
Senior Certificate: Any Certificate other than a
Junior Certificate or 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 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
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Loan which 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
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 which 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
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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 November
2002 to and including the Distribution Date in
November 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 November
2003 to and including the Distribution Date in
November 2004, the Senior Percentage for such
Distribution Date plus 60% of the Junior
Percentage for such Distribution Date;
(iii) for any Distribution Date subsequent to November
2004 to and including the Distribution Date in
November 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 November
2005 to and including the Distribution Date in
November 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, (i) 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
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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 December 2002 and
November 2003, (b) 35% of the Original Subordinate
Principal Balance if such Distribution Date occurs
between and including December 2003 and November 2004,
(c) 40% of the Original Subordinate Principal Balance
if such Distribution Date occurs between and including
December 2004 and November 2005, (d) 45% of the
Original Subordinate Principal Balance if such
Distribution Date occurs between and including
December 2005 and November 2006 and (e) 50% of the
Original Subordinate Principal Balance if such
Distribution Date occurs during or after December
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 December 2002 and November 2003,
(b) 15% of the Original Subordinate Principal Balance
if such Distribution Date occurs between and including
December 2003 and November 2004, (c) 20% of the
Original Subordinate Principal Balance if such
Distribution Date occurs between and including
December 2004 and November 2005, (d) 25% of the
Original Subordinate Principal Balance if such
Distribution Date occurs between and including
December 2005 and November 2006, and (e) 30% of the
Original Subordinate Principal Balance if such
Distribution Date occurs during or after December
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.
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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.
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 $5,008,170 minus the sum of (i) the
aggregate amount of Special Hazard Losses that would have
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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 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) 7.00%; 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.
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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.
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.
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
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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 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;
(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;
(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); and
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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).
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.
Unanticipated Recovery: As defined in Section 4.01(e)
herein.
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 and any Class
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 in respect of such
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 constituting a Specified Component)
pursuant to Section 4.01(a)(ii), in the case of the Senior
Certificates and any Specified 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 Class of Certificates consisting of Specified
Components and any Distribution Date, the sum of the Unpaid
Class Interest Shortfalls for the Specified Components
thereof on such date.
Voluntary Principal Prepayment: With respect to any
Distribution Date, any prepayment of principal received from
the related Mortgagor on a Mortgage Loan (including the
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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, 98% of all Voting
Rights shall be allocated to the Certificates other than
the Class S Certificates, and 2% of all Voting Rights shall
be allocated to the Class S Certificates. Voting Rights
allocated to the Class S Certificates shall be allocated
among the Certificates of 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 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
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(iii) An assignment in recordable form (which may be
included in a blanket assignment or assignments) of the
Mortgage to the Trustee.
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.
With respect to each Designated Loan, the Company does
hereby deliver to the Trustee the Designated Loan Closing
Documents.
In connection with each Mortgage Loan transferred and
assigned to the Trustee, the Company shall deliver to the Trustee
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
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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
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
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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,
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
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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 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
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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;
(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 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 original principal amount of each Mortgage
Note was not more than 95.00% of the Original Value; as of
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the Cut-off Date, no more than 20.25% of the Mortgage Loans
by Scheduled Principal Balance had original principal
amounts of more than 80% of the Original Value and each
Mortgage Note having an original principal amount in excess
of 80% of the Original Value 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;
(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 9.500% 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, (i) no more than 7% of the
Mortgage Loans by Scheduled Principal Balance had a
Scheduled Principal Balance of more than $500,000 and up to
and including $750,000; (ii) no more than 3% of the
Mortgage Loans by Scheduled Principal Balance had a
Scheduled Principal Balance of more than $750,000 and up to
and including $1,000,000; and (iii) no more than 0.5% of
the Mortgage Loans by Scheduled Principal Balance had a
Scheduled Principal Balance of more than $1,000,000.
(xv) As of the Cut-off Date, no more than 1% 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 97% 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;
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(xvii) As of the Cut-off Date, at least 93% 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 3.25% 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 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 0.75% 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 $34,876 to $1,312,000;
(xxii) As of the Cut-off Date, no more than 2.5% of the
Mortgage Loans by Scheduled Principal Balance are secured
by second homes and no more than 0.5% of the Mortgage Loans
by Scheduled Principal Balance are secured by
investor-owned properties;
(xxiii) All appraisals have been prepared substantially in
accordance with the description contained under the caption
"The Trust Fund - The Mortgage Loans" in the prospectus
dated November 20, 1997, included in the registration
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statement on Form S-3 (file no. 333-24935) filed by the
Company with the Securities and Exchange Commission with
respect to the offer and sale of certain Classes of the
Certificates;
(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 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
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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
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
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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,
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. Designations under the REMIC Provisions.
(a) 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 REMIC
established hereunder for purposes of the REMIC Provisions.
(b) The Closing Date will be the "Startup Day" for the
REMIC established hereunder for purposes of the REMIC Provisions.
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(c) The "tax matters person" with respect to the REMIC
established hereunder 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 REMIC established hereunder for
purposes of the REMIC Provisions.
(d) The "latest possible maturity date" of the regular
interests in the REMIC established hereunder is the Latest
Possible Maturity Date for purposes of section 860G(a)(1) of the
Code.
(e) In no event shall the assets described in clause
(x) of the definition of the term Trust Fund constitute a part of
the REMIC established hereunder.
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer. (a) It is
intended that the REMIC established hereunder shall constitute,
and that the affairs of the REMIC shall be conducted so as to
qualify the Trust Fund (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 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 the Trust Fund and the 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 the 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
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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 the 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
the REMIC established hereunder, to be treated as a REMIC,
and make the appropriate designations, if applicable, in
accordance with Section 2.05 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 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 the 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 the REMIC or that would subject the
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Trust Fund to tax, except for taxes for which the Company
is required to indemnify the REMIC pursuant to Section
3.01(c);
(viii) exercise reasonable care not to allow the creation
of any "interests" in the REMIC within the meaning of
section 860D(a)(2) of the Code other than the interests
represented by the Classes of Certificates identified in
Section 5.01(b);
(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 the 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
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 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 the 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.
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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
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.
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(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 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 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 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.
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The Company covenants and agrees to indemnify the
Trust Fund against any and all liability for any "prohibited
transaction" taxes and any related interest, additions and
penalties imposed on the 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
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 Trust Fund or the Company.
(d) The relationship of the Company (and of any
successor to the Company as servicer under this Agreement) to the
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
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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.
(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 125 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
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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
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 Unanticipated Recoveries.
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
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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
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
sum of Available Funds for such Distribution Date and any
Unanticipated Recoveries received in the calendar month preceding
the month of 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
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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 the 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-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:
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(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
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);
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(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.
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
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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
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
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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
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
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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
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
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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.
(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 the close of the
third calendar year 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 period (and specifying
the period beyond such 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 the 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 period, an extension of such
period in the manner contemplated by section 856(e)(3) of the
Code, in which case such period shall be extended by the time
period permitted by section 856(e)(3) of the Code.
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
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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
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.
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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 the 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
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
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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
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
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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, 1999, an Officer's
Certificate 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, 1999, the Company shall:
(a) furnish to a firm of independent public
accountants (which may also render other services to the
Company) a statement substantially to the effect that the
Company has complied in all material respects with the
minimum servicing standards set forth in the Uniform Single
Attestation Program for Mortgage Bankers (the "Minimum
Servicing Standards") with respect to the mortgage loans in
the Company's servicing portfolio (which may exclude home
equity loans) or, if there has been material noncompliance
with such servicing standards, containing a description of
such noncompliance; and
(b) at its expense cause such firm of independent
public accountants to furnish a report to the Trustee
stating its opinion as to the Company's assertion contained
in the statement delivered pursuant to Section 3.13(a),
which opinion shall be based on an examination conducted by
such firm in accordance with the standards established by
the American Institute of Certified Public Accountants,
including examining, on a test basis, evidence about the
Company's compliance with the Minimum Servicing Standards.
Such opinion shall be to the effect that the Company has
complied in all material respects with the Minimum
Servicing Standards with respect to the mortgage loan
portfolio described in the Company's statement delivered
pursuant to Section 3.13(a) hereof or if there has been
material noncompliance with the Minimum Servicing
Standards, shall contain a description of such
noncompliance in accordance with applicable accounting
standards. In rendering such report, such firm may rely, as
to matters relating to direct
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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
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.
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.
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:
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(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 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 that any shortfall in
available amounts shall be allocated among such Classes in
proportion to the Unpaid Class Interest Shortfall for each
such Class on such Distribution Date;
(iii) to the Classes of Senior Certificates, in
reduction of the Class Certificate Principal Balances
thereof, concurrently as follows:
(A) to the Class A5 Certificates, the Class A5
Principal Distribution Amount for such Distribution
Date, until the Class Certificate Principal Balance
thereof has been reduced to zero; and
(B) to the Group I Senior Certificates, the
Senior Optimal Principal Amount for such Distribution
Date, as reduced by the Class A5 Principal
Distribution Amount distributed in accordance with
clause (A), in the following order of priority;
(1) to the Class R Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
(2) to the Class A1 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to $264,320,000;
(3) concurrently, to the Class A1 and Class
A2 Certificates, 93.3333333333% and
6.6666666667%, respectively, of the amount
described in clause (iii)(B) above, after giving
effect to clauses (iii)(B)(1) and (iii)(B)(2)
above, until the Class Certificate Principal
Balance of the Class A1 Certificates has been
reduced to zero;
(4) to the Class A2 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero; and
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(5) to the Class A3 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero; and
(6) to the Class A4 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero; and
(C) 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;
(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
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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
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
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Available Funds for such Distribution Date after application of
all amounts described in clause (a) of this Section 4.01,
together with any Unanticipated Recoveries received by the
Company in the calendar month preceding the month of such
Distribution Date and not distributed on such Distribution Date
to the holders of outstanding Certificates of any other Class
pursuant to Section 4.01(e). 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
Sections 4.01(a)(iii)(A) and (B) 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 Sections 4.01(a)(iii)(A) and (B).
(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) In the event that in any calendar month the
Company recovers an amount (an "Unanticipated Recovery") in
respect of principal of a Mortgage Loan which had previously been
allocated as a Realized Loss to any Class of Certificates
pursuant to Section 4.03, on the Distribution Date in the next
succeeding calendar month the Trustee shall withdraw from the
Certificate Account and distribute to the holders of each
outstanding Class to which such Realized Loss had previously been
allocated its share (determined as described in the succeeding
paragraph) of such Unanticipated Recovery in an amount not to
exceed the amount of such Realized Loss previously allocated to
such Class. When the Class Certificate Principal Balance of a
Class of Certificates has been reduced to zero, the holders of
such Class shall not entitled to any share of an Unanticipated
Recovery, and such Unanticipated Recovery shall be allocated
among all outstanding Classes of Certificates entitled thereto in
accordance with the preceding sentence, subject to the remainder
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of this subsection (e). In the event that (i) any Unanticipated
Recovery remains undistributed in accordance with the preceding
sentence or (ii) the amount of an Unanticipated Recovery exceeds
the amount of the Realized Loss previously allocated to any
outstanding Classes with respect to the related Mortgage Loan, on
the applicable Distribution Date the Trustee shall distribute to
the holders of all outstanding Classes of the related
Certificates to which Realized Losses had previously been
allocated and not reimbursed their pro rata share (determined as
described below) of such excess in an amount not to exceed the
aggregate amount of any Realized Loss previously allocated to
such Class with respect to any other Mortgage Loan that has not
been recovered in accordance with Section 4.01(e). Any
distributions made pursuant to this Section 4.01(e) shall not
reduce the Class Certificate Principal Balance of the related
Certificate.
For purposes of the preceding paragraph, the share of
an Unanticipated Recovery allocable to any Class of Certificates
with respect to a Mortgage Loan shall be (i) with respect to the
Class PO Certificates, based on the applicable PO Percentage of
the principal portion of the Realized Loss previously allocated
thereto with respect to such Mortgage Loan (or all Mortgage Loans
for purposes of the next to last sentence of the preceding
paragraph), and (ii) with respect to any other Class of
Certificates, based on its pro rata share (in proportion to the
Class Certificate Principal Balances thereof with respect to such
Distribution Date) of the applicable Non-PO Percentage of the
principal portion of any such Realized Loss previously allocated
with respect to such Mortgage Loan (or Loans); provided, however,
that (i) the share of an Unanticipated Recovery allocable to a
Class PO Certificate with respect to any Mortgage Loan (or Loans)
shall be reduced by the aggregate amount previously distributed
to such Class on account of the applicable Class PO Deferred
Amount in respect of such Mortgage Loan (or Loans) and (ii) the
amount by which the distributions to the Class PO Certificates
have been so reduced shall be distributed to the Classes of
Certificates described in clause (ii) of the preceding paragraph
in the same proportion as described in such clause (ii). For
purposes of the preceding sentence, any Class PO Deferred Amount
distributed to a Class PO Certificate on previous Distribution
Dates shall be deemed to have been allocated in respect of the
Mortgage Loans as to which the applicable PO Percentage of the
principal portion of Realized Losses has previously been
allocated to such Class on a pro rata basis (based on the amount
of Realized Losses so allocated).
Section 4.02. Method of Distribution. (a) 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
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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. 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 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
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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;
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 (and any Accrual
Component) shall be allocated (subject to Section
4.03(d)) on the basis of the lesser of (x) the Class
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Certificate Principal Balance (or Component Principal
Balance) thereof immediately prior to the applicable
Distribution Date and (y) the Class Certificate
Principal Balance (or Component 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 (and any Accrual Component) shall
be allocated (subject to Section 4.03(d)) on the basis of the
lesser of (x) the Class Certificate Principal Balance (or
Component Principal Balance) thereof immediately prior to the
applicable Distribution Date and (y) the Class Certificate
Principal Balance (or Component 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).
(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.
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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").
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 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
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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
identifying the aggregate amount of any Principal
Prepayments 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 or Component Principal Balance of any
Class of Accrual Certificates or any Accrual Components;
(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;
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(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, the Component
Principal Balance of each Component 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) 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
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 and Junior Percentage for
such Distribution Date;
(xii) The Senior Prepayment Percentage and the Junior
Prepayment Percentage for such Distribution Date; and
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(xiii) The amount of such distribution to the
Certificateholders of each Class allocable to Unanticipated
Recoveries.
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
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).
Section 4.06. Servicer's Certificate. Each month, not
later than the second Business Day next preceding each
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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.
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 $500,816,972.70. 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 $286,281,000.00 7.00% $25,000
Class A2 30,042,000.00 7.00 25,000
Class A3 47,129,000.00 7.00 1,000
Class A4 15,836,000.00 7.00 1,000
Class A5 100,143,000.00 7.00 25,000
Class PO 100,232.57 0.00 100,000
Class M 7,763,000.00 7.00 100,000
Class B1 4,758,000.00 7.00 100,000
Class B2 3,756,000.00 7.00 100,000
Class B3 2,504,000.00 7.00 250,000
Class B4 751,000.00 7.00 250,000
Class B5 1,753,640.13 7.00 250,000
Class S (1) (1) 12,500,000
Class R 100.00 7.00 100
(1) The Class S Certificates are issued with an initial
Notional Principal Balance of $494,770,647.58 and shall
bear interest at the Strip Rate.
(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
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). The
Residual Certificate 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
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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.
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.
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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.
(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
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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
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.
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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 the
REMIC established hereunder to fail to qualify as a REMIC at any
time that the Certificates are outstanding.
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 (i) Class PO or Class S
Certificate or (ii) Restricted Junior 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 PO or
Class S Certificates to the Company or upon any subsequent
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transfer of any Class PO or Class S 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.
(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.
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(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
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
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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,
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.
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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 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
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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
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.
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(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
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
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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
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
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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.
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
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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
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
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effective until the Trustee or a successor servicer shall have
assumed the responsibilities and obligations of the Company in
accordance with Section 7.02.
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
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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
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
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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
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 the Trust Fund from failing to qualify as a REMIC and to
prevent the imposition of a tax on the Trust Fund or the REMIC
established hereunder. 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. 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 the 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 such REMIC as defined in section 860F of the
Code, or (ii) cause the Trust Fund 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
Section 9.01, the Company shall prepare and the Trustee
shall execute and adopt a plan of complete liquidation for
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such 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 the
REMIC established hereunder, 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 the
Trust Fund 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.
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
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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 the Trust Fund 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
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.
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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
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
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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, Standard and Poor's Rating Services, 26
Broadway, 16th Floor, New York, New York 10007, Attention:
Mortgage-Backed Securities, 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
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.
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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.
* * *
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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 November, 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 November, 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 1997-11
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 $286,281,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 36157NEH3
December 26, 1997
<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 November 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 December 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
<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 1997-11, issued in fourteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class R, 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
<PAGE>
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.
No transfer of any Class R 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
<PAGE>
(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 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
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
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
<PAGE>
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.
<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>
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 1997-11
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 $30,042,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 36157NEJ9
December 26, 1997
<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 November 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 December 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.
<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.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
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 $47,129,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 36157NEK6
December 26, 1997
<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 November 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 December 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.
<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.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
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 $15,836,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 36157NEL4
December 26, 1997
<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 November 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 December 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.
<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.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
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 $100,143,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 36157NEM2
December 26, 1997
<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 November 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 December 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.
<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" ("REMIC") 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 DEFINED
HEREIN) AS ITS AGENT AND ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS
PERSON" OF THE 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.
<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 1997-11
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 $100
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 36157NER1
December 26, 1997
<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 November 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 December 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
<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 1997-11, issued in fourteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class R, 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
<PAGE>
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.
No transfer of any Class R 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
<PAGE>
(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 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
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
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
<PAGE>
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.
<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>
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 "SECURITIES ACT"). ANY RESALE OR
TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER
THE SECURITIES ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPT FROM
THE REGISTRATION REQUIREMENTS OF THE SECURITIES 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).
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
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 $100,237.57
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing $
Cut-off Date:
November 1, 1997
First Distribution Date:
December 26, 1997
<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 November 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 December 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
<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 1997-11, issued in fourteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class R, 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
<PAGE>
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.
No transfer of any Class R 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
<PAGE>
(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 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
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
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
<PAGE>
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.
<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>
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.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
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 $7,763,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 36157NEN0
December 26, 1997
<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 November 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 December 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
<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 1997-11, issued in fourteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class R, 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
<PAGE>
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.
No transfer of any Class R 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
<PAGE>
(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 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
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
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
<PAGE>
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.
<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>
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.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
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 $4,758,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 36157NEP5
December 26, 1997
<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 November 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 December 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.
<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.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
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 $3,756,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 36157NEQ3
December 26, 1997
<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 November 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 December 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.
<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.
<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.
<PAGE>
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. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
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 $2,504,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 36157NES9
December 26, 1997
<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 November 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 December 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
<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 1997-11, issued in fourteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class R, 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
<PAGE>
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.
No transfer of any Class R 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
<PAGE>
(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 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
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
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
<PAGE>
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.
<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>
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
<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)
<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.
<PAGE>
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. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
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 $751,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 36157NET7
December 26, 1997
<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 November 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 December 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.
<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.
<PAGE>
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. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
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 $1,753,640.13
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 36157NEU4
December 26, 1997
<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 November 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 December 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.
<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 "SECURITIES ACT"). ANY RESALE OR
TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER
THE SECURITIES ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPT FROM
THE REGISTRATION REQUIREMENTS OF THE SECURITIES 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
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.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
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 $494,770,647.58
Certificate Interest Initial Notional Principal Rate
per annum: variable Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date:
December 26, 1997
<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 November 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 December 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
<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 1997-11, issued in fourteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class R, 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
<PAGE>
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 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
<PAGE>
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
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
<PAGE>
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.
<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
[Not Applicable]
<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: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007604168 MORTGAGORS: YOHE DONALD
YOHE MELISSA
REGION CODE ADDRESS : 5907 WILSON LANE
00 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 307,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.02409
----------------------------------------------------------------
0 0007611494 MORTGAGORS: LISAC DAVID
LISAC BETTY
REGION CODE ADDRESS : 1378 TERRY CIR
00 CITY : PUEBLO
STATE/ZIP : CO 81006
MORTGAGE AMOUNT : 111,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 111,042.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 796.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007611585 MORTGAGORS: FRIEDMAN JEFFREY
PORTERFIELD JAN
REGION CODE ADDRESS : 16900 TIDEVIEW DRIVE
00 CITY : ANCHORAGE
STATE/ZIP : AK 99511
MORTGAGE AMOUNT : 194,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 193,247.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,396.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 32.75600
----------------------------------------------------------------
0 0007611791 MORTGAGORS: LUGO DIANA
ZENNER LEE
REGION CODE ADDRESS : 4204 BELLINGHAM AVE
00 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 256,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/17
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.18571
----------------------------------------------------------------
0 0007612476 MORTGAGORS: FITZPATRICK DAVID
BOLTON MARTHA
REGION CODE ADDRESS : 107 GLENVIEW PL
00 CITY : CHAPEL HILL
STATE/ZIP : NC 27514
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,528.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,085,450.00
P & I AMT: 8,012.74
UPB AMT: 1,083,640.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007613227 MORTGAGORS: CHERKAS IGOR
CHERKAS TATIANA
REGION CODE ADDRESS : 1675 15TH AVENUE
00 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,667.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,802.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007614282 MORTGAGORS: SACO JOSEPH
SACO SANDRA
REGION CODE ADDRESS : 222 HUDSON BAY
00 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.71014
----------------------------------------------------------------
0 0007615354 MORTGAGORS: PINS MICHAEL
PINS NANCY
REGION CODE ADDRESS : 1222 PINE STREET
00 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,063.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007616089 MORTGAGORS: KIEFER GREGORY
HOFFMAN AMY
REGION CODE ADDRESS : 1212 ARROWBEE DRIVE
00 CITY : PLACERVILLE
STATE/ZIP : CA 95667
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007617889 MORTGAGORS: FLORENCE JOHN
FLORENCE FRANCES
REGION CODE ADDRESS : 14000 ROCK PILE ROAD
00 CITY : GEYSERVILLE
STATE/ZIP : CA 95441
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 25.90000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,421,250.00
P & I AMT: 9,851.89
UPB AMT: 1,420,372.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007618143 MORTGAGORS: MEHRABANIAN SAMUEL
REGION CODE ADDRESS : 123 N ALMONT DR
00 CITY : LOS ANGELES
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 414,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,101.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,722.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.46729
----------------------------------------------------------------
0 0007618416 MORTGAGORS: BLANKENSHIP LOWELL
BLANKENSHIP NANCY
REGION CODE ADDRESS : 1860 MONTECITO AVENUE
00 CITY : DELTONA
STATE/ZIP : FL 32738
MORTGAGE AMOUNT : 54,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 54,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 402.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007618556 MORTGAGORS: ENRIGHT CAROL
ENRIGHT JAMES
REGION CODE ADDRESS : 50 ALLSTON WAY
00 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 238,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,404.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,587.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 41.49565
----------------------------------------------------------------
0 0007618911 MORTGAGORS: SPARER CARY
SPARER SUSAN
REGION CODE ADDRESS : 3201 WOODFIELD COURT
00 CITY : YORKTOWN
STATE/ZIP : NY 10598
MORTGAGE AMOUNT : 220,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,544.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.52600
----------------------------------------------------------------
0 0007618929 MORTGAGORS: JOSEPH BENJAMIN
JOSEPH TRACY
REGION CODE ADDRESS : 55 WOODLAND AVE
00 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 485,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,391.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.60600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,413,800.00
P & I AMT: 9,648.30
UPB AMT: 1,413,256.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007619448 MORTGAGORS: BASKIN MARC
BASKIN DIANE
REGION CODE ADDRESS : 6372 FORESTER DRIVE
00 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 380,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,695.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007620602 MORTGAGORS: FLYNN MICHAEL
LUGOVOY JUNE
REGION CODE ADDRESS : 16809 FRANK AVENUE
00 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,775.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 47.20000
----------------------------------------------------------------
0 0007622608 MORTGAGORS: PEREIRA FERNANDO
CARVALHO ANA MARIA
REGION CODE ADDRESS : 816 BOULEVARD
00 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,316.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/22
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.39130
----------------------------------------------------------------
0 0007623150 MORTGAGORS: RODRIGUEZ HECTOR
RODRIGUEZ ELSA
REGION CODE ADDRESS : 10751 ROCHESTER AVENUE
00 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,552.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,712.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.42105
----------------------------------------------------------------
0 0007623549 MORTGAGORS: QUINTON MICHAEL
QUINTON DANIELLE
REGION CODE ADDRESS : 5523 FERN DRIVE
00 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 228,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,880.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.40678
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,864,150.00
P & I AMT: 13,417.58
UPB AMT: 1,861,008.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007624232 MORTGAGORS: NANNINI JAMES
NANNINI LAUREN
REGION CODE ADDRESS : 6 DEER TRAIL
00 CITY : CARY
STATE/ZIP : IL 60013
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.46252
----------------------------------------------------------------
0 0007624729 MORTGAGORS: DAVIS RICKY
DAVIS ROSALIND
REGION CODE ADDRESS : 23 VALLEY VIEW DRIVE
00 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,845.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007625874 MORTGAGORS: FAULCONER MARK
FAULCONER SANDRA
REGION CODE ADDRESS : 124 VIA PALERMO
00 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 502,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 501,291.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,599.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.85845
----------------------------------------------------------------
0 0007627060 MORTGAGORS: BRADLEY ANTONY
BRADLEY JUDY
REGION CODE ADDRESS : 7756 N. BEN LOMOND AVENUE
00 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,324.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.52717
----------------------------------------------------------------
0 0007627359 MORTGAGORS: VERZEMNIEKS JOHN
VERZEMNIEKS BARBARA
REGION CODE ADDRESS : 8811 38TH AVENUE SW
00 CITY : SEATTLE
STATE/ZIP : WA 98126
MORTGAGE AMOUNT : 234,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.16666
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,642,650.00
P & I AMT: 11,536.93
UPB AMT: 1,641,266.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007627482 MORTGAGORS: DEGRAVE DOUGLAS
DEGRAVE DEBORAH
REGION CODE ADDRESS : 369 SOUTH JENNIFER LANE
00 CITY : ORANGE
STATE/ZIP : CA 92669
MORTGAGE AMOUNT : 222,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,943.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,591.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.81967
----------------------------------------------------------------
0 0007627706 MORTGAGORS: WILHELM JEFFREY
WILHELM PHOEBE
REGION CODE ADDRESS : 33286 NORTH 71ST STREET
00 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 298,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.11200
----------------------------------------------------------------
0 0007627920 MORTGAGORS: PHAM MINH
VU-PHAM TRANG
REGION CODE ADDRESS : 18 FAITH
00 CITY : IRVINE
STATE/ZIP : CA 92715
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,650.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.73000
----------------------------------------------------------------
0 0007628373 MORTGAGORS: STEARNS ROBERT
STEARNS MICHELLE
REGION CODE ADDRESS : 440 GILBERT HIGHWAY
00 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.51552
----------------------------------------------------------------
0 0007628597 MORTGAGORS: YICK DAVID
YICK ELEANOR
REGION CODE ADDRESS : 105 STACIA ST
00 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,177.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.71428
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,662,750.00
P & I AMT: 11,793.78
UPB AMT: 1,662,593.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007630254 MORTGAGORS: PEZZULO ANTHONY
PEZZULO CAROLINE
REGION CODE ADDRESS : 3 GREEN COURT
00 CITY : COLUMBUS
STATE/ZIP : NJ 08022
MORTGAGE AMOUNT : 218,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,585.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.22449
----------------------------------------------------------------
0 0007631112 MORTGAGORS: RODICH GARY
RODICH BONNIE
REGION CODE ADDRESS : 5480 NAPOLEON AVENUE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 462,119.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,420.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.05000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.05000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631153 MORTGAGORS: JONES JEFF
REGION CODE ADDRESS : 318 BRYANT CT
01 CITY : PALO ALTO
STATE/ZIP : CA 94301
MORTGAGE AMOUNT : 456,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,874.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,351.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631161 MORTGAGORS: YAHNER JACK
YAHNER JUDI
REGION CODE ADDRESS : 3843 BLUFF ST
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,354.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631211 MORTGAGORS: BORJA GONZALO
BORJA LEIZL
REGION CODE ADDRESS : 628 PAVILION DR
01 CITY : FAIRFIELD
STATE/ZIP : CA 94533
MORTGAGE AMOUNT : 238,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,222.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 79.98200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,678,200.00
P & I AMT: 12,199.15
UPB AMT: 1,674,170.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007631229 MORTGAGORS: MERRITT JOYCE
REGION CODE ADDRESS : 6304 HAVEN AVE #7
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91737
MORTGAGE AMOUNT : 35,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 34,875.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 251.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 36.84200
----------------------------------------------------------------
0 0007631245 MORTGAGORS: HART ERIC
REGION CODE ADDRESS : 435 BEGONIA AVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,079.35 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 0007631294 MORTGAGORS: HEINRICHS DAVID
WINIKOFF KARIN
REGION CODE ADDRESS : 2016 MONROE AVE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,966.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.10000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.10000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631344 MORTGAGORS: MAZZOTTA VINCENT
MAZZOTTA CHARLENE
REGION CODE ADDRESS : 52 CEDAR LAKE
01 CITY : IRVINE
STATE/ZIP : CA 92614
MORTGAGE AMOUNT : 253,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,597.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,874.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.10000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.10000 PRODUCT CODE : 002
LTV : 74.99200
----------------------------------------------------------------
0 0007631369 MORTGAGORS: SMITH STANLEY
SMITH PEGGY
REGION CODE ADDRESS : 2807 HOPKINS AVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,241.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,227,300.00
P & I AMT: 8,726.52
UPB AMT: 1,223,760.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007631377 MORTGAGORS: GANDHI RENUKA
REGION CODE ADDRESS : 1416 S FERN DR
01 CITY : MOUNT PROSPECT
STATE/ZIP : IL 60056
MORTGAGE AMOUNT : 40,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 39,916.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 289.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 22.85700
----------------------------------------------------------------
0 0007631385 MORTGAGORS: BAGAN JAMES
BAGAN CATHERINE
REGION CODE ADDRESS : 1030 WALLACE DR
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,891.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,172.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 74.93700
----------------------------------------------------------------
0 0007631393 MORTGAGORS: VELEZ OSCAR
REGION CODE ADDRESS : 6795 SW132 AVENUE, UNIT #202
01 CITY : MIAMI
STATE/ZIP : FL 33183
MORTGAGE AMOUNT : 52,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 52,389.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 377.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007631401 MORTGAGORS: DOUGLAS JUDITH
REGION CODE ADDRESS : 212 S PALM DR
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,321.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,350.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 49.24200
----------------------------------------------------------------
0 0007631419 MORTGAGORS: KESSEN KIRN
KESSEN SALLY
REGION CODE ADDRESS : 3924 EL LADO DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,467.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 975,000.00
P & I AMT: 7,089.45
UPB AMT: 972,985.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007631427 MORTGAGORS: HERRERA MARTHA
RITTER DONALD
REGION CODE ADDRESS : 6101 AND CHESBRO AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,520.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.05000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.05000 PRODUCT CODE : 002
LTV : 91.92300
----------------------------------------------------------------
0 0007631435 MORTGAGORS: AN JAMES
AN MONICA
REGION CODE ADDRESS : 1328 N LOUISE ST
01 CITY : GLENDALE
STATE/ZIP : CA 91207
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,472.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631443 MORTGAGORS: HAMMES LINDA
GERHART CAROL
REGION CODE ADDRESS : 2055 ROSEMONT AVENUE #4
01 CITY : PASADENA
STATE/ZIP : CA 91103
MORTGAGE AMOUNT : 70,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 69,847.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 496.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 19.17800
----------------------------------------------------------------
0 0007631450 MORTGAGORS: MARSHALL JAMES
MARSHALL JO
REGION CODE ADDRESS : 8711 LA PUEBLA AVENUE
01 CITY : WHITTIER
STATE/ZIP : CA 90605
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,506.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.15000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.15000 PRODUCT CODE : 002
LTV : 78.43700
----------------------------------------------------------------
0 0007631484 MORTGAGORS: CROMPTON CYNTHIA
GILLESPIE ANDREW
REGION CODE ADDRESS : 24 WINDGATE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,992.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,073,600.00
P & I AMT: 7,743.79
UPB AMT: 1,071,340.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007631518 MORTGAGORS: GRAY BRIAN
GRAY STACYANN
REGION CODE ADDRESS : 1960 S SPYGLASS HILL COURT
01 CITY : LA HABRA
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,304.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,270.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631526 MORTGAGORS: POWERS CRAIG
REGION CODE ADDRESS : 132 CORONADO AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 369,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,221.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,656.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007631559 MORTGAGORS: GRAVES BURTON
GRAVES CAROL
REGION CODE ADDRESS : 428 CREST DR
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,802.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,452.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.90000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.90000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007631567 MORTGAGORS: TAVERRITE GREG
TAVERRITE KIMBERLY
REGION CODE ADDRESS : 1440 LONGFELLOW WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,242.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,702.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 75.51000
----------------------------------------------------------------
0 0007631575 MORTGAGORS: BARRY ANTHONY
BARRY JOANN
REGION CODE ADDRESS : 31536 FOXFIELD DRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 175,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 174,623.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,247.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 30.97300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,571,500.00
P & I AMT: 11,329.49
UPB AMT: 1,568,193.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007631633 MORTGAGORS: BARRETTA WILLIAM
BARRETTA CRISTINA
REGION CODE ADDRESS : 13546 CONTOUR DR
01 CITY : SHERMAN OAK
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 463,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 462,212.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,318.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631658 MORTGAGORS: LAWTON JUDITH
GOLLIET GENE
REGION CODE ADDRESS : 3986 LA CRESTA DR
01 CITY : SAN DIEGO
STATE/ZIP : CA 92107
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,388.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 65.90900
----------------------------------------------------------------
0 0007631666 MORTGAGORS: HAYASHI FRED
GRAHAM MARION
REGION CODE ADDRESS : 223-225 SOUTH MANSFIELD AVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 127,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,244.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 940.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.05000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.05000 PRODUCT CODE : 002
LTV : 28.97700
----------------------------------------------------------------
0 0007631690 MORTGAGORS: BARENBLAT SCOT
BARENBLAT ELISE
REGION CODE ADDRESS : 610 CAVE LANE
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78209
MORTGAGE AMOUNT : 42,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 42,410.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 305.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 29.82400
----------------------------------------------------------------
0 0007631724 MORTGAGORS: BISHOP SUSAN
BISHOP MYLES
REGION CODE ADDRESS : 831 SCHIELE AVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95126
MORTGAGE AMOUNT : 222,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,021.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 74.91500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,145,700.00
P & I AMT: 8,238.35
UPB AMT: 1,143,276.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007631740 MORTGAGORS: NATHOO MANOJKUMAR
REGION CODE ADDRESS : 4113 RUBY AVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 251,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,084.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 94.98100
----------------------------------------------------------------
0 0007631765 MORTGAGORS: MORGAN JAVIER
MORGAN DORIS
REGION CODE ADDRESS : 369 HILL STREET
01 CITY : MONROVIA
STATE/ZIP : CA 91016
MORTGAGE AMOUNT : 185,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 185,127.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,367.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.05000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.05000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007631807 MORTGAGORS: HERNDON ROBERT
HERNDON LAVERNE
REGION CODE ADDRESS : 9542 WINDROSE LANE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 107,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 107,567.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 768.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 51.86600
----------------------------------------------------------------
0 0007631815 MORTGAGORS: WRAXALL BRIAN
WRAXALL JOAN
REGION CODE ADDRESS : 3765 HIDDEN SPRINGS CT.
01 CITY : RICHMOND
STATE/ZIP : CA 94803
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,402.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631823 MORTGAGORS: SHERMAN JAMES
ADLER-SHERMAN SUSAN
REGION CODE ADDRESS : 1440 CREST DR
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,730.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,876.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 65.12100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,084,000.00
P & I AMT: 7,770.90
UPB AMT: 1,080,912.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007631849 MORTGAGORS: ROBINSON MARGARETROSE
REGION CODE ADDRESS : 1122 S LA JOLLA AVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,362.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 66.27900
----------------------------------------------------------------
0 0007631856 MORTGAGORS: OGLEVIE STEVEN
OGLEVIE VIVIANE
REGION CODE ADDRESS : 8225 PASEO DEL OCASCO
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,076.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,797.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 73.45400
----------------------------------------------------------------
0 0007631864 MORTGAGORS: FRANKO SAMUEL
FRANKO TAMI
REGION CODE ADDRESS : 13143 HUSTON ST
01 CITY : LOS ANGELES
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,562.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,584.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631880 MORTGAGORS: ABEL JOANNE
REGION CODE ADDRESS : 2040 COLUMBIA ST
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,374.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 66.27900
----------------------------------------------------------------
0 0007631914 MORTGAGORS: DONNELLY KEVIN
DONNELLY JANET
REGION CODE ADDRESS : 5801 GRANDVIEW AVENUE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,412.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,460,000.00
P & I AMT: 10,361.81
UPB AMT: 1,456,788.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007631922 MORTGAGORS: DAVIS GEORGE
DAVIS SALLY
REGION CODE ADDRESS : 1619 PASO ROBLE COURT
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,489.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 70.76900
----------------------------------------------------------------
0 0007631948 MORTGAGORS: SILVA PATRICIA
REGION CODE ADDRESS : 2283 SHELLEY AVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 180,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 180,335.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,332.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.05000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.05000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0007631955 MORTGAGORS: KALILI TOM
KALILI NIKA
REGION CODE ADDRESS : 10661 LINDBROOK DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 479,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,488.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,451.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007631963 MORTGAGORS: VU SON
BUI MAIANH
REGION CODE ADDRESS : 7480 BARNHART PL
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,068.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,322.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 75.83300
----------------------------------------------------------------
0 0007631971 MORTGAGORS: MORRISON ROBERT
RUSSO MARCI
REGION CODE ADDRESS : 2260 CIMARRON WAY
01 CITY : LOS OSOS
STATE/ZIP : CA 93402
MORTGAGE AMOUNT : 193,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 192,671.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,356.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 74.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,538,300.00
P & I AMT: 11,079.68
UPB AMT: 1,535,053.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007631989 MORTGAGORS: BECKER GARY
BECKER KATHERINE
REGION CODE ADDRESS : 6568 WOODCREST PLACE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,127.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,303.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007632011 MORTGAGORS: MILLER JEFFREY
MILLER CORINNE
REGION CODE ADDRESS : 1556 JACKDOW COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 278,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,898.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0007632029 MORTGAGORS: TRAN KHIET
NGUYEN ANH
REGION CODE ADDRESS : 45 VIA DE GUADALUPE
01 CITY : SAN JOSE
STATE/ZIP : CA 95116
MORTGAGE AMOUNT : 133,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 132,923.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 963.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0007632045 MORTGAGORS: KIM HA
REGION CODE ADDRESS : 280 ESTATES DR
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 274,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,727.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,984.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0007632052 MORTGAGORS: LEHIGH DAVID
LEHIGH SHELLEY
REGION CODE ADDRESS : 6627 EAST TAMARIND STREET
01 CITY : AGOURA HILL
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 277,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,035.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.97400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,283,650.00
P & I AMT: 9,322.33
UPB AMT: 1,278,711.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007632060 MORTGAGORS: CHAVARRIA JESSE
CHAVARRIA ELYSSA
REGION CODE ADDRESS : 28 ARROYO VISTA DRIVE
01 CITY : GOLETA
STATE/ZIP : CA 93117
MORTGAGE AMOUNT : 263,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,320.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0007632086 MORTGAGORS: WARREN WILLIAM
REGION CODE ADDRESS : 1708 VIRGINIA DR
01 CITY : COLTON
STATE/ZIP : CA 92324
MORTGAGE AMOUNT : 39,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 38,889.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 288.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.10000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.10000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0007632094 MORTGAGORS: RUIZ TIMOTHY
RUIZ DIANNA
REGION CODE ADDRESS : 1302 CARLSEN WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 251,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,526.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007632102 MORTGAGORS: SANTIAGO LOUISE
REGION CODE ADDRESS : 131 CRESPI COURT
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 146,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 144,578.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,083.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.05000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.05000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0007632128 MORTGAGORS: ISRAEL ADRIENNE
REGION CODE ADDRESS : 1747 DALE ST
01 CITY : SAN DIEGO
STATE/ZIP : CA 92104
MORTGAGE AMOUNT : 93,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 93,500.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 671.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.96000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 794,600.00
P & I AMT: 5,645.12
UPB AMT: 790,815.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007632136 MORTGAGORS: LENHART ERNEST
LENHART ELIZABETH
REGION CODE ADDRESS : 224 BLACKSTONE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 123,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 123,239.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 937.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.35000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.35000 PRODUCT CODE : 002
LTV : 37.91400
----------------------------------------------------------------
0 0007632144 MORTGAGORS: MCINTYRE ANTHONY
MCINTYRE WENDY
REGION CODE ADDRESS : 863 KEVENAIRE DR
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,400.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007632151 MORTGAGORS: DAVIS KEITH
DAVIS JUDITH
REGION CODE ADDRESS : 6420 GRAND MEADOW LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,189.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,764.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 69.81800
----------------------------------------------------------------
0 0007632169 MORTGAGORS: LIU WENDY
REGION CODE ADDRESS : 1635 43RD AVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 194,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 193,582.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,383.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 69.03900
----------------------------------------------------------------
0 0007632177 MORTGAGORS: EMRANI SHAHAB
EMRANI CATHERINE
REGION CODE ADDRESS : 1324 HILLSIDE DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 364,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,702.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,611.33 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: 1,350,100.00
P & I AMT: 9,740.50
UPB AMT: 1,347,115.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007632185 MORTGAGORS: ANDREWS OLIVER
REGION CODE ADDRESS : 1050 PEBBLE BEACH DRIVE
01 CITY : UPLAND
STATE/ZIP : CA 91784
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,801.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 740.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.10000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.10000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0007632193 MORTGAGORS: THRIFT SCOTT
THRIFT KAREN
REGION CODE ADDRESS : 810 PORT WALK PLACE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,454.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.90000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.90000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007632201 MORTGAGORS: RODRIGUEZ LINDA
REGION CODE ADDRESS : 4 HILLWILL PLACE
01 CITY : DEL REY OAKS
STATE/ZIP : CA 93940
MORTGAGE AMOUNT : 136,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 136,129.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,010.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.10000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.10000 PRODUCT CODE : 002
LTV : 64.95200
----------------------------------------------------------------
0 0007632219 MORTGAGORS: JOHNSTON MICHAEL
JOHNSTON DIOLINDA
REGION CODE ADDRESS : 891 LIGHTHOUSE AVENUE
01 CITY : PACIFIC GROVE
STATE/ZIP : CA 93950
MORTGAGE AMOUNT : 141,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,409.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,005.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007632243 MORTGAGORS: THURTLE JOHN
THURTLE MARLICE
REGION CODE ADDRESS : 9856 VINEYARD CREST
01 CITY : BELLEVUE
STATE/ZIP : WA 98004
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,318.06 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 : 74.41800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 961,400.00
P & I AMT: 6,967.70
UPB AMT: 959,112.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007632250 MORTGAGORS: KAPLAN GREG
KAPLAN JILL
REGION CODE ADDRESS : 1975 8TH AVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,270.48 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 : 90.00000
----------------------------------------------------------------
0 0007632284 MORTGAGORS: DUNBAR PRINCE
REGION CODE ADDRESS : 5152 HUNTSWOOD CIRCLE
01 CITY : LA PALMA
STATE/ZIP : CA 90623
MORTGAGE AMOUNT : 191,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 190,796.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,376.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 74.98000
----------------------------------------------------------------
0 0007632292 MORTGAGORS: JOHNSON STEPHEN
JOHNSON BETH
REGION CODE ADDRESS : 30078 BOAT HAVEN
01 CITY : CANYON LAKE
STATE/ZIP : CA 92587
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,432.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007632318 MORTGAGORS: MANAGAN ROBERT
MANAGAN JAYNE
REGION CODE ADDRESS : 2115 WESTBROOK LANE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 238,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,270.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 79.60000
----------------------------------------------------------------
0 0007632334 MORTGAGORS: BLATT NANCY
REGION CODE ADDRESS : 31 SAUSALITO CIRCLE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 415,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,174.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,991.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,485,600.00
P & I AMT: 10,742.21
UPB AMT: 1,481,944.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007632359 MORTGAGORS: FANNIN JAMES
FANNIN LAURIE
REGION CODE ADDRESS : 3443 FEDERAL AVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 258,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,137.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 74.98500
----------------------------------------------------------------
0 0007632367 MORTGAGORS: BATSHON NAJIB
BATSHON MARY
REGION CODE ADDRESS : 820 BAY HARBOUR DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,494.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 39.16600
----------------------------------------------------------------
0 0007632375 MORTGAGORS: THACKER LARRY
THACKER RACHELLE
REGION CODE ADDRESS : 1623 MADISON AVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,359.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 74.64700
----------------------------------------------------------------
0 0007632383 MORTGAGORS: APT FREDRIC
APT DAGMAR
REGION CODE ADDRESS : 27431 PASEO FIESTA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 130,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 129,736.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 953.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 57.77700
----------------------------------------------------------------
0 0007632391 MORTGAGORS: GLAZER AMY
REGION CODE ADDRESS : 122 N 5TH ST
01 CITY : SAN JOSE
STATE/ZIP : CA 95112
MORTGAGE AMOUNT : 187,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 186,991.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,330.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 60.97500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,076,200.00
P & I AMT: 7,666.32
UPB AMT: 1,073,718.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007632417 MORTGAGORS: KELLER JAMES
LIVONI BARBARA
REGION CODE ADDRESS : 706 COLLEEN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 310,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,117.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007632425 MORTGAGORS: LEON GUERRERO JOHN
LEON GUERRERO TERESITA
REGION CODE ADDRESS : 1861 SHADDY TERRACE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 439,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,026.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,084.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 68.70100
----------------------------------------------------------------
0 0007632441 MORTGAGORS: KARLEY ROBERT
KARLEY ELIZABETH
REGION CODE ADDRESS : 242 BOMBAY AVE
01 CITY : LAUDERDALE BY THE SEA
STATE/ZIP : FL 33308
MORTGAGE AMOUNT : 105,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 104,780.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 759.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 56.75600
----------------------------------------------------------------
0 0007632474 MORTGAGORS: TINO ROBERT
REGION CODE ADDRESS : 3511 BARKLEY RD NE
01 CITY : LACEY
STATE/ZIP : WA 98516
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 119,749.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 868.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 40.67700
----------------------------------------------------------------
0 0007632482 MORTGAGORS: KRAMER NEAL
KRAMER DEBRA
REGION CODE ADDRESS : 41105 LOS RANCHOS
01 CITY : TEMECULA
STATE/ZIP : CA 92592
MORTGAGE AMOUNT : 189,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 189,311.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,385.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 74.98000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,164,500.00
P & I AMT: 8,291.96
UPB AMT: 1,161,985.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007632508 MORTGAGORS: MORALES JOHN
REGION CODE ADDRESS : 117 ESSEX DR
01 CITY : LONGWOOD
STATE/ZIP : FL 32779
MORTGAGE AMOUNT : 68,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 67,857.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 491.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 57.62700
----------------------------------------------------------------
0 0007632516 MORTGAGORS: BOYD FRANK
BOYD JENNY
REGION CODE ADDRESS : 10414 BROOKTREE T
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,484.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.96600
----------------------------------------------------------------
0 0007632532 MORTGAGORS: TAYLOR STEPHEN
REGION CODE ADDRESS : 3195 SAGE GLEN
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,261.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,594.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.90000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.90000 PRODUCT CODE : 002
LTV : 74.37500
----------------------------------------------------------------
0 0007632540 MORTGAGORS: SOLINSKI HELEN
REGION CODE ADDRESS : 2297 RADIO AVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 224,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,401.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 65.95300
----------------------------------------------------------------
0 0007632557 MORTGAGORS: KIM HYUN-JIN
REGION CODE ADDRESS : 10707 CAMARILLO ST #102
01 CITY : NORTH HOLLYWOOD
STATE/ZIP : CA 91602
MORTGAGE AMOUNT : 58,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 58,387.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 439.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 938,400.00
P & I AMT: 6,714.52
UPB AMT: 936,392.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007632565 MORTGAGORS: LLERENA MIGUEL
LLERENA LYNNE
REGION CODE ADDRESS : 1111 KELLY DR
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 236,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,006.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 59.87300
----------------------------------------------------------------
0 0007632573 MORTGAGORS: TAKAHASHI SCOTT
TAKAHASHI SHERYL
REGION CODE ADDRESS : 19402 STURGESS DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,184.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,399.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 79.54500
----------------------------------------------------------------
0 0007632599 MORTGAGORS: LUPUS PETER
REGION CODE ADDRESS : 11661 SUNSHINE TERRACE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 142,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 142,208.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,040.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 74.02500
----------------------------------------------------------------
0 0007632631 MORTGAGORS: MOBLAD JAMES
MOBLAD FRANCINE
REGION CODE ADDRESS : 536 VIA SORRENTO
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,370.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007632664 MORTGAGORS: LIN YEAN
LIN CHIU
REGION CODE ADDRESS : 445 W CAMINO REAL AVE
01 CITY : ARCADIA
STATE/ZIP : CA 91007
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,345.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,370.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.77700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,336,000.00
P & I AMT: 9,516.42
UPB AMT: 1,333,113.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007632672 MORTGAGORS: DETTMAN DONALD
DETTMAN KATHRYN
REGION CODE ADDRESS : 4856 SANDY LN
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 90,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 89,817.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 660.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 39.13000
----------------------------------------------------------------
0 0007632698 MORTGAGORS: MCGHEE E
MCGHEE SALLY
REGION CODE ADDRESS : 4527 HAZELBROOK AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90808
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,409.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,015.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007632847 MORTGAGORS: O'RENICK JENIFER
REGION CODE ADDRESS : 133 39TH AVE NE
01 CITY : ST PETERSBURG
STATE/ZIP : FL 33703
MORTGAGE AMOUNT : 36,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 36,623.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 265.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 74.89700
----------------------------------------------------------------
0 0007632854 MORTGAGORS: VREELAND GEORGE
REGION CODE ADDRESS : 20166 OCEAN KEY DRIVE
01 CITY : BOCA RATON
STATE/ZIP : FL 33498
MORTGAGE AMOUNT : 194,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 194,077.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,409.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 74.96400
----------------------------------------------------------------
0 0007633316 MORTGAGORS: ABDEL-AZIZ SHERIF
ARAFA HALA
REGION CODE ADDRESS : 8282 ARMETALE LANE
00 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 339,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 940,750.00
P & I AMT: 6,722.67
UPB AMT: 939,078.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007633753 MORTGAGORS: VANEGAS ALBERT
VANEGAS LISA
REGION CODE ADDRESS : 50 MCDONNEL ROAD
00 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 230,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,674.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.98333
----------------------------------------------------------------
0 0007633894 MORTGAGORS: WILLIAMS BRANDT
WILLIAMS AMELIA
REGION CODE ADDRESS : 40 ACACIA DRIVE
00 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 393,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,753.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.45600
----------------------------------------------------------------
0 0007634066 MORTGAGORS: GIANNAKAS NICHOLAS
GIANNAKAS CAROLYN
REGION CODE ADDRESS : 20 HILLSIDE AVENUE
00 CITY : NORWOOD
STATE/ZIP : NJ 07648
MORTGAGE AMOUNT : 248,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.91304
----------------------------------------------------------------
0 0007634413 MORTGAGORS: DI LISIO CHARLES
DI LISIO NATALIE
REGION CODE ADDRESS : 4878 CLARENDON DRIVE
00 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 303,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,200.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.86800
----------------------------------------------------------------
0 0007635279 MORTGAGORS: BERNSTEIN MICHAEL
BERNSTEIN KERI
REGION CODE ADDRESS : 1028 DENSTON DRIVE
00 CITY : UPPER DUBLIN
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 236,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,695.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.86666
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,412,900.00
P & I AMT: 10,100.76
UPB AMT: 1,412,900.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007635857 MORTGAGORS: WHITE SHAWN
WHITE BONNIE
REGION CODE ADDRESS : 55 CREST WAY
00 CITY : PENNGROVE
STATE/ZIP : CA 94951
MORTGAGE AMOUNT : 288,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,064.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.85300
----------------------------------------------------------------
0 0007636392 MORTGAGORS: KORNAI ANDRAS
POLANYI LIVIA
REGION CODE ADDRESS : 4037 VILLA VISTA
00 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,521.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.22200
----------------------------------------------------------------
0 0007637168 MORTGAGORS: DENNING MARIO
WHEELER-DENNING AUDREY
REGION CODE ADDRESS : 208 SUN RIDGE DRIVE
00 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 316,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,269.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.22222
----------------------------------------------------------------
0 0007637531 MORTGAGORS: PALAYEKAR JAYAWANT
FALCONER-SALKELD ELIZABETH
REGION CODE ADDRESS : 356 COKESBURY-HIGHBRIDGE ROAD
00 CITY : CLINTON TWP.
STATE/ZIP : NJ 08833
MORTGAGE AMOUNT : 195,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 195,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,348.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007638331 MORTGAGORS: ASCHER STEPHEN
ASCHER KAREN
REGION CODE ADDRESS : 796 EDGEWOOD DRIVE
00 CITY : GLEN ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 214,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,538.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.07600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,367,050.00
P & I AMT: 9,743.47
UPB AMT: 1,367,050.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007638497 MORTGAGORS: ROETHLE GARY
ROETHLE JOAN
REGION CODE ADDRESS : 8934 VICTORIA DRIVE
00 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 223,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,600.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.26200
----------------------------------------------------------------
0 0007640576 MORTGAGORS: SILVER RICHARD
CARO JANICE
REGION CODE ADDRESS : 9108 CROSBY ROAD
00 CITY : SILVER SPRING
STATE/ZIP : MD 20910
MORTGAGE AMOUNT : 223,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,544.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.26900
----------------------------------------------------------------
0 0007643026 MORTGAGORS: HYLAND TIMOTHY
HYLAND LINDA
REGION CODE ADDRESS : 4150 VIEW PARK
00 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007643554 MORTGAGORS: ADAIR MARK
ADAIR MONIQUE
REGION CODE ADDRESS : 3801 PARKVIEW COURT
00 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007647472 MORTGAGORS: OLSZEWSKI WENDY
OLSZEWSKI GARY
REGION CODE ADDRESS : 6817 BLUFFWOOD COURT
00 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 291,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.87500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,426,500.00
P & I AMT: 10,047.15
UPB AMT: 1,426,500.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030365480 MORTGAGORS: DEWITT DOUGLAS
POCSIK STEPHANIE
REGION CODE ADDRESS : 513 HARBORSIDE WAY
01 CITY : LEAGUE CITY
STATE/ZIP : TX 77573
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,773.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,466.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 10/01/25
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 88.57142
----------------------------------------------------------------
0 0030615264 MORTGAGORS: LEE MICHAEL
REGION CODE ADDRESS : 214 PALISADES
01 CITY : PEACHTREE CITY
STATE/ZIP : GA 30269
MORTGAGE AMOUNT : 589,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 589,542.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,535.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0030654701 MORTGAGORS: DURHAM THOMAS
DURHAM CYNTHIA
REGION CODE ADDRESS : 884 EAST EAGLEWOOD LOOP
01 CITY : NORTH SALT LAKE
STATE/ZIP : UT 84054
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,973.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0030688857 MORTGAGORS: O'BRIEN SEAN
O'BRIEN CATHERINE
REGION CODE ADDRESS : 1041 STRATFORD PLACE
01 CITY : MELBOURNE
STATE/ZIP : FL 32940
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0030699003 MORTGAGORS: HOLGATE LISLE
HOLGATE TERRY
REGION CODE ADDRESS : 5 TIMARI DRIVE
01 CITY : SHREWSBURY
STATE/ZIP : MA 01545
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 : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.67900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,766,500.00
P & I AMT: 13,576.01
UPB AMT: 1,758,155.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030736490 MORTGAGORS: OATES BRYAN
O'HARA JEAN
REGION CODE ADDRESS : 5 OVERHILL ROAD
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 403,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,027.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.85500
----------------------------------------------------------------
0 0030749071 MORTGAGORS: SANCHEZ PEDRO
EYVAZZADEH CAROLINE
REGION CODE ADDRESS : 152 PELHAM ISLAND ROAD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 564,752.00 OPTION TO CONVERT :
UNPAID BALANCE : 564,752.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,900.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030771752 MORTGAGORS: YEAGER EDWARD
WALLACE LINDA
REGION CODE ADDRESS : 2784 CARLARIS ROAD
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,027.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,393.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030794606 MORTGAGORS: WINTER JOHN
WINTER JANET
REGION CODE ADDRESS : 12 GANSETT LANE
01 CITY : AMAGANSETT
STATE/ZIP : NY 11930
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.18500
----------------------------------------------------------------
0 0030795405 MORTGAGORS: RING JANET
RING DANIEL
REGION CODE ADDRESS : 9301 SHADOW LANE
01 CITY : WONDER LAKE
STATE/ZIP : IL 60097
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,690.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 82.80700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,996,752.00
P & I AMT: 14,430.31
UPB AMT: 1,995,469.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030801492 MORTGAGORS: TROTTER SAMUEL
TROTTER KIMBERLEA
REGION CODE ADDRESS : BEAN ROAD
01 CITY : CHARLOTTE
STATE/ZIP : VT 05445
MORTGAGE AMOUNT : 423,717.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,996.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,109.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.61900
----------------------------------------------------------------
0 0030804199 MORTGAGORS: GALANIDA JAMES
GALINDO MARIA
REGION CODE ADDRESS : 5898 GOLD CREEK DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94522
MORTGAGE AMOUNT : 272,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,552.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030809230 MORTGAGORS: WOLFF DAVID
WOLFF SUSAN
REGION CODE ADDRESS : 66 WATERFORD AVENUE
01 CITY : MORGANVILLE
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030811764 MORTGAGORS: DOUGHERTY JOSEPH
DOUGHERTY EUGENIA
REGION CODE ADDRESS : 17 EMERSON DRIVE
01 CITY : CINNAMINSON
STATE/ZIP : NJ 08077
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,810.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.72600
----------------------------------------------------------------
0 0030814834 MORTGAGORS: CAMPBELL DAVID
CAMPBELL TARA
REGION CODE ADDRESS : 2433 ORCHARD CREST BLVD
01 CITY : MANASQUAN
STATE/ZIP : NJ 08736
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,493,467.00
P & I AMT: 10,775.98
UPB AMT: 1,487,168.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030814925 MORTGAGORS: JONES JEFFREY
REGION CODE ADDRESS : 28357 MAXINE LANE
01 CITY : SAUGUS AREA, SANTA CLARIT
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,841.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 89.73300
----------------------------------------------------------------
0 0030825111 MORTGAGORS: WONG BENJAMIN
WONG MOLLY
REGION CODE ADDRESS : 5930 GOLD CREEK DR.
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,781.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.49300
----------------------------------------------------------------
0 0030828180 MORTGAGORS: GERARD DANIEL
GERARD JANI
REGION CODE ADDRESS : 1965 BROADWAY UNIT 25B
01 CITY : NEW YORK
STATE/ZIP : NY 10023
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,102.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,712.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 33.85400
----------------------------------------------------------------
0 0030828818 MORTGAGORS: SHARMA ARUN
SHARMA RENU
REGION CODE ADDRESS : 2135 TYSON EXECUTIVE COURT
01 CITY : DUNN LORING
STATE/ZIP : VA 22027
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,503.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.75800
----------------------------------------------------------------
0 0030831887 MORTGAGORS: BUSMIRE BRUCE
BUSMIRE PATTY
REGION CODE ADDRESS : 106 KNIPP ROAD
01 CITY : HOUSTON
STATE/ZIP : TX 77024
MORTGAGE AMOUNT : 311,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,137.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,816,250.00
P & I AMT: 12,973.23
UPB AMT: 1,813,366.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030832851 MORTGAGORS: DIPALMO MARK
DIPALMO LINDA
REGION CODE ADDRESS : 62 ROBERTS PATH
01 CITY : WADING RIVER
STATE/ZIP : NY 11792
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,403.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030847834 MORTGAGORS: BARNES DAVID
BARNES FELICIE
REGION CODE ADDRESS : 2701 MCCLELLAN STREET
01 CITY : MONROE
STATE/ZIP : LA 71201
MORTGAGE AMOUNT : 328,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,179.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,409.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.28300
----------------------------------------------------------------
0 0030848535 MORTGAGORS: MC CONNELL PATRICA
REGION CODE ADDRESS : 478 GLENMARY LANE
01 CITY : ST DAVIDS
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,252.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,166.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030849848 MORTGAGORS: SELDOWITZ MICHAEL
SELDOWITZ RENITA
REGION CODE ADDRESS : 15536 EAGLE TAVERN LANE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 221,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,127.76 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 : 80.00000
----------------------------------------------------------------
0 0030850424 MORTGAGORS: HALPERN RONALD
HALPERN JOAN
REGION CODE ADDRESS : 135 HIGHLANDS COURT
01 CITY : COMMACK
STATE/ZIP : NY 11725
MORTGAGE AMOUNT : 170,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,888.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,262.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 36.95600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,255,000.00
P & I AMT: 9,370.20
UPB AMT: 1,252,851.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030853196 MORTGAGORS: BIEHL MICHAEL
REGION CODE ADDRESS : 8601 RIVERDALE COURT
01 CITY : WAXHAW
STATE/ZIP : NC 28173
MORTGAGE AMOUNT : 254,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,790.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,820.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0030860449 MORTGAGORS: LAWRENCE MISA
LAWRENCE PATRICK
REGION CODE ADDRESS : 71 FOREST WAY
01 CITY : MORRIS PLAINS
STATE/ZIP : NJ 07950
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,193.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.71800
----------------------------------------------------------------
0 0030863609 MORTGAGORS: PARKER CLIFTON
KITTRELL DEBORAH
REGION CODE ADDRESS : 9701 OVERVIEW COURT
01 CITY : FORT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 263,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,073.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030864599 MORTGAGORS: MARSHALL WALTER
MARSHALL EVELYNE
REGION CODE ADDRESS : 4325 4TH STREET, EAST BEACH
01 CITY : ST. SIMONS ISLAND
STATE/ZIP : GA 31522
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,266.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.71400
----------------------------------------------------------------
0 0030866016 MORTGAGORS: POAGE ROBERT
REGION CODE ADDRESS : 3865 CLOVER VALLEY ROAD
01 CITY : ROCKLIN
STATE/ZIP : CA 95677
MORTGAGE AMOUNT : 423,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,414.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,220.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,496,150.00
P & I AMT: 11,043.54
UPB AMT: 1,492,738.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030876015 MORTGAGORS: THOMPSON DAVID
THOMPSON ELAINE
REGION CODE ADDRESS : 2 DOVER LANE
01 CITY : MEDFORD
STATE/ZIP : NJ 08055
MORTGAGE AMOUNT : 322,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,796.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,366.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.71200
----------------------------------------------------------------
0 0030876023 MORTGAGORS: VEGA JOSE
TROCHE BRENDA
REGION CODE ADDRESS : 328 NICHOLAS LANE
01 CITY : TRAPPE
STATE/ZIP : PA 19426
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,182.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030876361 MORTGAGORS: ELLIS JONATHAN
ELLIS LISA
REGION CODE ADDRESS : 1552 BRIAR HILL ROAD
01 CITY : LOWER MERION TOWNSHIP
STATE/ZIP : PA 19035
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,414.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030876502 MORTGAGORS: VASUDEV CUMBUM
VASUDEV HIRANMAYI
REGION CODE ADDRESS : 3 STOCKTON DRIVE
01 CITY : RARITAN
STATE/ZIP : NJ 08822
MORTGAGE AMOUNT : 293,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,504.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,156.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.97400
----------------------------------------------------------------
0 0030876528 MORTGAGORS: KOCH DAVID
KOCH ANN
REGION CODE ADDRESS : 8441 LAKE MIST WAY
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 307,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,463.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,205.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,504,250.00
P & I AMT: 11,013.42
UPB AMT: 1,501,361.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030877278 MORTGAGORS: PASCUAL ROHEL
PASCUAL SANDRA
REGION CODE ADDRESS : 4 BENTLEY COURT
01 CITY : VOORHEES
STATE/ZIP : NJ 08043
MORTGAGE AMOUNT : 287,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,675.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,213.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030877302 MORTGAGORS: BUERANO ROMUALDO
REGION CODE ADDRESS : 38 PICKERING DRIVE
01 CITY : ROBBINSVILLE
STATE/ZIP : NJ 08691
MORTGAGE AMOUNT : 294,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,242.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0030877377 MORTGAGORS: GIANNANDREA VITO
GIANNANDREA CHRISTINA
REGION CODE ADDRESS : 15 DELANCY COURT
01 CITY : PHOENIXVILLE
STATE/ZIP : PA 19460
MORTGAGE AMOUNT : 395,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,781.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030877492 MORTGAGORS: TRUSLOW DAVID
TRUSLOW BARBARA
REGION CODE ADDRESS : 1316 WIKIUP DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 258,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,212.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030877666 MORTGAGORS: GLADDEN JEFFREY
BERRESKI BARBARA
REGION CODE ADDRESS : 11 SWEDES LANE
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,011.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.92419
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,531,200.00
P & I AMT: 11,304.57
UPB AMT: 1,529,923.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030879142 MORTGAGORS: WURZEL GEOFFREY
WURZEL THERESA
REGION CODE ADDRESS : 4207 LONESOME VALLEY COURT
01 CITY : AUSTIN
STATE/ZIP : TX 78731
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,230.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,491.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030884696 MORTGAGORS: PARAS RODNEY
PARAS ANNA
REGION CODE ADDRESS : 105 WOODCREST AVENUE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,307.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.38200
----------------------------------------------------------------
0 0030886287 MORTGAGORS: TURNER KEVIN
TURNER ENID
REGION CODE ADDRESS : 6584 OAK FOREST DRIVE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,793.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.44400
----------------------------------------------------------------
0 0030886642 MORTGAGORS: BIGHAM ROGER
BIGHAM JENNIFER
REGION CODE ADDRESS : 85 FAWN RIDGE
01 CITY : NEWNAN
STATE/ZIP : GA 30265
MORTGAGE AMOUNT : 244,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,991.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030886758 MORTGAGORS: MC MURRAY DAVID
MC MURRAY BARBARA
REGION CODE ADDRESS : 2806 NW NIGHTFALL CIRCLE
01 CITY : BEND
STATE/ZIP : OR 97701
MORTGAGE AMOUNT : 800,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 798,337.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,800.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 74.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,949,000.00
P & I AMT: 13,975.34
UPB AMT: 1,945,660.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030888010 MORTGAGORS: STOLL DAVID
STOLL G
REGION CODE ADDRESS : 6924 E. CANYON WREN CIRCLE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,814.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,025.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030891824 MORTGAGORS: FRIEDRICHS PAUL
FRIEDRICHS RITA
REGION CODE ADDRESS : 7212 MARINE DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22307
MORTGAGE AMOUNT : 231,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,205.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,621.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0030896518 MORTGAGORS: BOSSIE DANIEL
BOSSIE ADRI
REGION CODE ADDRESS : 3585 HIDDEN LAKE DRIVE
01 CITY : CUMMING
STATE/ZIP : GA 30041
MORTGAGE AMOUNT : 240,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,249.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,745.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
0 0030897862 MORTGAGORS: OGUNKOYA ADENIYI
OGUNKOYA KOFOWOROLA
REGION CODE ADDRESS : 2 THISTLE LANE
01 CITY : WARREN
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 521,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 520,632.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,732.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.47000
----------------------------------------------------------------
0 0030898670 MORTGAGORS: MICHALSKI DAVID
MICHALSKI DIANE
REGION CODE ADDRESS : 14724 CARRIAGE MILL DRIVE
01 CITY : WOODBINE
STATE/ZIP : MD 21797
MORTGAGE AMOUNT : 262,979.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,432.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,532,629.00
P & I AMT: 11,031.59
UPB AMT: 1,530,334.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030899231 MORTGAGORS: KURTIS SHARON
REGION CODE ADDRESS : 5 SOUTH 530 RADCLIFF ROAD
01 CITY : NAPERVILLE
STATE/ZIP : IL 60563
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,627.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0030900922 MORTGAGORS: YEAGER ERIC
YEAGER MICHELLE
REGION CODE ADDRESS : 932 RIO GRANDE DRIVE
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23456
MORTGAGE AMOUNT : 232,136.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,807.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0030900963 MORTGAGORS: BRADFORD CHARLES
BRADFORD PATRICIA
REGION CODE ADDRESS : 10726 MARCOTT STREET
01 CITY : PARKER
STATE/ZIP : CO 80134
MORTGAGE AMOUNT : 227,790.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,253.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,553.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030901094 MORTGAGORS: MANNING JOHN
MANNING MARILYN
REGION CODE ADDRESS : 43384 DEEPSPRING COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 227,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,927.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,568.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.88000
----------------------------------------------------------------
0 0030901748 MORTGAGORS: HOLZER ERIC
HOLZER KRISTEN
REGION CODE ADDRESS : 2099 WYNDTREE RD
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,389.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 54.08000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,337,026.00
P & I AMT: 9,404.46
UPB AMT: 1,335,005.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030901789 MORTGAGORS: KUTSUNAI NOBUMA
KUTSUNAI FUSAKO
REGION CODE ADDRESS : 2047 NUUANU AVENUE #2401
01 CITY : HONOLULU
STATE/ZIP : HI 96817
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,969.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,005.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030903843 MORTGAGORS: ARM ROBIN
ARM DAVID
REGION CODE ADDRESS : 8919 NORTH PARKSIDE AVENUE
01 CITY : MORTON GROVE
STATE/ZIP : IL 60053
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0030904684 MORTGAGORS: GOLDBERG RANDI
WASSERMAN STEVEN
REGION CODE ADDRESS : 189 GEORGETOWN ROAD
01 CITY : WESTON
STATE/ZIP : CT 06883
MORTGAGE AMOUNT : 367,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,966.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,601.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030904775 MORTGAGORS: BUCKLEY CHARLES
BUCKLEY REID
REGION CODE ADDRESS : 421 FERRY POINT ROAD
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 625,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 623,668.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,477.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0030904809 MORTGAGORS: HYSLOP A
HYSLOP JANE
REGION CODE ADDRESS : 524 CHRISTI LANE
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,443.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.19 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: 1,960,500.00
P & I AMT: 14,176.23
UPB AMT: 1,957,046.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030905269 MORTGAGORS: MCCOIN-BANKER CAMERON
REGION CODE ADDRESS : 22351 ST. CROIX TRAIL NORTH
01 CITY : NEW SCANDIA TOWNSHIP
STATE/ZIP : MN 55073
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,513.69 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 : 90.00000
----------------------------------------------------------------
0 0030905558 MORTGAGORS: WILKINSON ROBERT
REGION CODE ADDRESS : 73 PROSPECT ST
01 CITY : TOPSFIELD
STATE/ZIP : MA 01983
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,755.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,574.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.24100
----------------------------------------------------------------
0 0030906598 MORTGAGORS: SCHWARTZ ADAM
SCHWARTZ LYSA
REGION CODE ADDRESS : 1615 EAST AVENUE
01 CITY : MC LEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,933.24 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 : 80.00000
----------------------------------------------------------------
0 0030907182 MORTGAGORS: ZIEGLER CRAIG
ZIEGLER DEBRA
REGION CODE ADDRESS : 5851 GOLD CREEK DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 330,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,447.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030908636 MORTGAGORS: VITTOZZI MARCO
REGION CODE ADDRESS : 16 KINGS ROW
01 CITY : NORTH READING
STATE/ZIP : MA 01864
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,597.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.14200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,486,700.00
P & I AMT: 10,690.41
UPB AMT: 1,484,248.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030910301 MORTGAGORS: VERCEGLIO CHESTER
VERCEGLIO SELMA
REGION CODE ADDRESS : 1 LECLAIR DRIVE
01 CITY : HINGHAM
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,597.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.21400
----------------------------------------------------------------
0 0030910392 MORTGAGORS: STUART SPENCER
REGION CODE ADDRESS : 1500 BARRINGTON COURT
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 377,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,579.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,734.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030911127 MORTGAGORS: CAMERON JAMES
CAMERON CONSTANCE
REGION CODE ADDRESS : 615 DREAM ISLAND ROAD #214
01 CITY : LONGBOAT KEY
STATE/ZIP : FL 34228
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,549.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030911382 MORTGAGORS: EUSTIS JOHN
EUSTIS BETH
REGION CODE ADDRESS : 109 BEAUCHAMP DRIVE
01 CITY : NORTH KINGSTON
STATE/ZIP : RI 02852
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,626.14 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 : 89.95600
----------------------------------------------------------------
0 0030912315 MORTGAGORS: MCKENNEY GREGORY
MCKENNEY KATHY
REGION CODE ADDRESS : 2045 WILSON RIDGE COURT
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 551,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 551,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,948.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,696,300.00
P & I AMT: 12,220.29
UPB AMT: 1,694,552.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030912687 MORTGAGORS: RADZINS JOHN
RADZINS MEREDITH
REGION CODE ADDRESS : 9 RALEIGH COURT
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 292,092.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,484.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0030914758 MORTGAGORS: CURTIS HERBERT
CURTIS JOAN
REGION CODE ADDRESS : 1175 SPRING STREET
01 CITY : OAK VIEW
STATE/ZIP : CA 93022
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,351.54 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 : 77.66900
----------------------------------------------------------------
0 0030914873 MORTGAGORS: GUAN LI
REGION CODE ADDRESS : 5809 CYRILLA DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78759
MORTGAGE AMOUNT : 225,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,757.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,614.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0030914899 MORTGAGORS: HALLAM RICHARD
REGION CODE ADDRESS : 2206 ROYAL ADELAIDE DRIVE
01 CITY : KATY
STATE/ZIP : TX 77450
MORTGAGE AMOUNT : 233,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,314.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,695.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0030916316 MORTGAGORS: LUCKETT EDWARD
LUCKETT LISA
REGION CODE ADDRESS : 87 LEWIS LANE
01 CITY : FAIR HAVEN
STATE/ZIP : NJ 07704
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,672.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,712.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 84.74500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,571,292.00
P & I AMT: 11,488.43
UPB AMT: 1,568,581.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030916944 MORTGAGORS: DENIER GREGORY
HENDERSON ALLISON
REGION CODE ADDRESS : 2842 ABBEY MANOR CIRCLE
01 CITY : BROOKEVILLE
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 233,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030917470 MORTGAGORS: KOMIN FRANK
KOMIN SHARON
REGION CODE ADDRESS : 6961 DERBY CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,115.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,761.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.01600
----------------------------------------------------------------
0 0030917611 MORTGAGORS: STURGES MICHAEL
STURGES EOANA
REGION CODE ADDRESS : 141 CEDAR SWAMP ROAD
01 CITY : DEEP RIVER
STATE/ZIP : CT 06417
MORTGAGE AMOUNT : 330,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,605.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,310.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.69000
----------------------------------------------------------------
0 0030917892 MORTGAGORS: SEASHORE EUGENE
SEASHORE SHEILA
REGION CODE ADDRESS : 4023 DRIVER COURT
01 CITY : TERRE HAUTE
STATE/ZIP : IN 47802
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,468.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,686.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.21900
----------------------------------------------------------------
0 0030921589 MORTGAGORS: ROSENBERG ROBERT
ROSENBERG KELLY
REGION CODE ADDRESS : 1969 WILLEO CREEK POINT
01 CITY : MARIETTA
STATE/ZIP : GA 30068
MORTGAGE AMOUNT : 249,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,688.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,583,150.00
P & I AMT: 11,215.89
UPB AMT: 1,580,477.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030922017 MORTGAGORS: GREENE B.
GREENE BLAKELEE
REGION CODE ADDRESS : 62 MIDDLE ST
01 CITY : NEWBURYPORT
STATE/ZIP : MA 01950
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030922256 MORTGAGORS: GRIFFIN PETER
GRIFFIN LENORA
REGION CODE ADDRESS : 1067 ARMSTRONG COURT
01 CITY : WAYNE
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,716.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,539.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030922710 MORTGAGORS: LAM KWOK
LAM SAU LING
REGION CODE ADDRESS : 15 PARKGROVE DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 292,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,364.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.99600
----------------------------------------------------------------
0 0030922934 MORTGAGORS: ENNIS BRAD
ENNIS SHARON
REGION CODE ADDRESS : 13110 LARIAT CIRCLE
01 CITY : ELBERT
STATE/ZIP : CO 80106
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030923015 MORTGAGORS: TAYLOR BRIDGETTE
REGION CODE ADDRESS : 404 N LEE STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,375.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 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: 1,626,800.00
P & I AMT: 11,673.45
UPB AMT: 1,625,151.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030924906 MORTGAGORS: FERRACCI LAWRENCE
FERRACCI AMY
REGION CODE ADDRESS : 12 E. NEWFIELD WAY
01 CITY : BALA CYNWYD
STATE/ZIP : PA 19004
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,372.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030925077 MORTGAGORS: DEMARTINO FRANK
REGION CODE ADDRESS : 16 PLANTATION DRIVE
01 CITY : HAUPPAUGE
STATE/ZIP : NY 11788
MORTGAGE AMOUNT : 144,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 144,215.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,084.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030926240 MORTGAGORS: MYERSON COLIN
MYERSON T
REGION CODE ADDRESS : 130 ZELLWOOD DRIVE
01 CITY : BRUNSWICK
STATE/ZIP : GA 31525
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,197.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030926398 MORTGAGORS: ORREN GEORGE
ORREN HANNE
REGION CODE ADDRESS : 13472 456TH PLACE SOUTHEAST
01 CITY : NORTH BEND
STATE/ZIP : WA 98045
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,215.61 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 : 72.39700
----------------------------------------------------------------
0 0030926562 MORTGAGORS: TAKETOMO MASAHIKO
ERIKSON RUTH
REGION CODE ADDRESS : 824 NORGATE DRIVE
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,788.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.90500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,259,800.00
P & I AMT: 9,027.54
UPB AMT: 1,257,790.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030928188 MORTGAGORS: SACCA GERALD
SACCA KATHERINE
REGION CODE ADDRESS : 6988 LOCKWOOD LANE WEST
01 CITY : TOWN OF LOCKPORT
STATE/ZIP : NY 14094
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.65900
----------------------------------------------------------------
0 0030928204 MORTGAGORS: FOLSE CARRIE
MATTISON GEORGE
REGION CODE ADDRESS : 3110 OVERBROOK ROAD
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35213
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,355.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.28605
----------------------------------------------------------------
0 0030928741 MORTGAGORS: BRICKFIELD PAUL
SCAPPATICCI NANCY
REGION CODE ADDRESS : 233 BEDFORD RD.
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,224.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,607.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030928816 MORTGAGORS: WISOOKER STEVEN
WISOOKER JANET
REGION CODE ADDRESS : 400 LINDEN AVENUE
01 CITY : EDGEWATER
STATE/ZIP : MD 21037
MORTGAGE AMOUNT : 283,040.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,405.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,979.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0030929855 MORTGAGORS: SURDIS MICHAEL
SURDIS GRACE
REGION CODE ADDRESS : 76 AUSTIN MOUNTAIN DRIVE
01 CITY : BURNSVILLE
STATE/ZIP : NC 28714
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,552.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,532,040.00
P & I AMT: 11,095.36
UPB AMT: 1,529,538.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030930093 MORTGAGORS: TIPTON DAN
TIPTON CYNTHIA
REGION CODE ADDRESS : 9414 WINDRUSH DRIVE
01 CITY : SPRING
STATE/ZIP : TX 77379
MORTGAGE AMOUNT : 317,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,606.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,245.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030930333 MORTGAGORS: CACCIOPPOLI ANDREW
CACCIOPPOLI LORRAINE
REGION CODE ADDRESS : 30 CENTER ROAD
01 CITY : MAHOPAC
STATE/ZIP : NY 10541
MORTGAGE AMOUNT : 236,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,073.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030930788 MORTGAGORS: SCARDINIA STEPHEN
SCARDINIA EILEEN
REGION CODE ADDRESS : 1 SAWGRASS LANE
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,368.37 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 : 46.61000
----------------------------------------------------------------
0 0030930911 MORTGAGORS: BACON ALAN
BACON PATRICIA
REGION CODE ADDRESS : 2652 TOWNE OAKS DRIVE
01 CITY : ST LOUIS
STATE/ZIP : MO 63129
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,834.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030931224 MORTGAGORS: MACARTHUR ROBERT
MACARTHUR MOLLY
REGION CODE ADDRESS : 711 MONTEREY BLVD AND 710 BAYVIEW D
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,374.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.70 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: 1,495,700.00
P & I AMT: 10,608.36
UPB AMT: 1,493,257.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030931430 MORTGAGORS: SHAPIRO ROBERT
SHAPIRO KIM
REGION CODE ADDRESS : 23119 SYLVAN STREET
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 384,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,212.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030931547 MORTGAGORS: DARLINGTON DOUGLAS
DARLINGTON KRISTI
REGION CODE ADDRESS : 16940 234TH WAY SE
01 CITY : MAPLE VALLEY
STATE/ZIP : WA 98038
MORTGAGE AMOUNT : 339,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,477.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,430.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030932024 MORTGAGORS: RUGGLES LARRY
RUGGLES G.
REGION CODE ADDRESS : 5639 EAST HARTFORD AVENUE
01 CITY : SCOTTSDALE, AZ
STATE/ZIP : AZ 85254
MORTGAGE AMOUNT : 126,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 126,620.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 908.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.04500
----------------------------------------------------------------
0 0030932560 MORTGAGORS: MCIVER ROBERT
REGION CODE ADDRESS : 155 MARSHALL BRIDGE DR.
01 CITY : GREENVILLE
STATE/ZIP : SC 29605
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,426.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030933956 MORTGAGORS: ST. ONGE PAUL
ST. ONGE PATRICIA
REGION CODE ADDRESS : 2120 HABORSIDE DRIVE UNIT 634
01 CITY : LONGBOAT KEY
STATE/ZIP : FL 34228
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,579.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,289.35 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: 1,418,800.00
P & I AMT: 10,075.56
UPB AMT: 1,416,316.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030934665 MORTGAGORS: KINSLEY FRED
KINSLEY PATRICIA
REGION CODE ADDRESS : 17230 NORTH LAKEWAY DRIVE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,462.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,618.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.15300
----------------------------------------------------------------
0 0030935068 MORTGAGORS: BOYES MICHAEL
BOYES VALERIE
REGION CODE ADDRESS : 2144 VIA TECA UNIT 45
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,069.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030936025 MORTGAGORS: HICKS BILLY
REGION CODE ADDRESS : 3902 SABLEWOOD COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,615.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030936413 MORTGAGORS: LUNDY CHARLES
LUNDY KAREN
REGION CODE ADDRESS : 6306 N 35TH STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22213
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,643.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,495.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030936595 MORTGAGORS: RAMESH NARAYANASWAMY
RAMESH VIJAYA
REGION CODE ADDRESS : 17 DEAN RAOD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,551.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/17
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.80500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,347,400.00
P & I AMT: 9,799.03
UPB AMT: 1,345,343.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030936801 MORTGAGORS: WATTS CHARLES
WATTS KIMBERLY
REGION CODE ADDRESS : 20742 FENWICK DRIVE
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 217,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,551.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,499.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99300
----------------------------------------------------------------
0 0030937346 MORTGAGORS: KNOPF RICHARD
KNOPF JANET
REGION CODE ADDRESS : 910 EAST DESERT FLOWER LANE
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,249.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,585.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/17
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0030937361 MORTGAGORS: CLARK STEPHEN
CLARK DONNA
REGION CODE ADDRESS : 352 MOURNING DOVE DRIVE
01 CITY : NEWARK
STATE/ZIP : DE 19711
MORTGAGE AMOUNT : 242,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,506.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0030938690 MORTGAGORS: KESSEL LOUIS
REGION CODE ADDRESS : 116 GARFIELD PLACE
01 CITY : BROOKLYN
STATE/ZIP : NY 11215
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,683.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,209.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030938864 MORTGAGORS: BODNAR PAUL
BODNAR DEBORAH
REGION CODE ADDRESS : FAIRCHILD LANE
01 CITY : NEW VERNON
STATE/ZIP : NJ 07976
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,769.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 59.09000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,878,900.00
P & I AMT: 13,803.89
UPB AMT: 1,875,991.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030938922 MORTGAGORS: DRUMM RICHARD
DRUMM BETSEY
REGION CODE ADDRESS : 125 PELTIER STREET
01 CITY : MARLBOROUGH
STATE/ZIP : MA 01752
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030939797 MORTGAGORS: VIEBAHN RICKY
VIEBAHN LINDA
REGION CODE ADDRESS : 2934 REMY PLACE
01 CITY : BURBANK
STATE/ZIP : CA 91504
MORTGAGE AMOUNT : 508,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 506,944.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,683.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030939953 MORTGAGORS: SANTO ANTHONY
SANTO MICHELLE
REGION CODE ADDRESS : 4865 RAMCREEK TRAIL
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,779.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,242.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.93800
----------------------------------------------------------------
0 0030940738 MORTGAGORS: MARINO GEORGIA
SHORROCK THEODORE
REGION CODE ADDRESS : 735 KNOLLWOOD TERRACE
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,686.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.79400
----------------------------------------------------------------
0 0030941140 MORTGAGORS: CYR JONI
REGION CODE ADDRESS : 802 HITCHING POST ROAD
01 CITY : VISTA
STATE/ZIP : CA 92083
MORTGAGE AMOUNT : 161,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 161,038.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,128.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.06900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,466,100.00
P & I AMT: 10,581.70
UPB AMT: 1,463,975.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030941405 MORTGAGORS: JOHNSON MICHAEL
JOHNSON CINDY
REGION CODE ADDRESS : 9771 SOUTH DARON DRIVE
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 488,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,308.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030941496 MORTGAGORS: CRAIN MICHAEL
REGION CODE ADDRESS : 100 NORTH MAIN STREET
01 CITY : ESSEX
STATE/ZIP : CT 06426
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030941868 MORTGAGORS: GILLERAN PATRICIA
KLAPPERICH FRANK
REGION CODE ADDRESS : 3451 N PAULINA STREET
01 CITY : CHICAGO
STATE/ZIP : IL 60657
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,689.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030941876 MORTGAGORS: ELLIS BRUCE
REGION CODE ADDRESS : 2 OLD FORGE LANE
01 CITY : BERKELEY HEIGHTS
STATE/ZIP : NJ 07922
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,160.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.92300
----------------------------------------------------------------
0 0030943153 MORTGAGORS: MILLER THOMAS
GRINNELL-MILLER DEBBIE
REGION CODE ADDRESS : 28 RACHEL AVENUE
01 CITY : MADISON
STATE/ZIP : NJ 07940
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,357.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.12700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,836,500.00
P & I AMT: 13,205.15
UPB AMT: 1,835,571.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030944151 MORTGAGORS: MAGDA MARK
MAGDA ROBIN
REGION CODE ADDRESS : 30 CARRONA DRIVE
01 CITY : GREENWICH
STATE/ZIP : CT 06878
MORTGAGE AMOUNT : 326,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,741.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,337.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030944201 MORTGAGORS: URIARTE CARLOS
REGION CODE ADDRESS : 3154 LUBBOCK PLACE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,670.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.80000
----------------------------------------------------------------
0 0030944474 MORTGAGORS: GOONEWARDENE H. MICHAEL
GOONEWARDENE KAREN
REGION CODE ADDRESS : 120 COPA DE ORO DRIVE
01 CITY : BREA
STATE/ZIP : CA 92823
MORTGAGE AMOUNT : 234,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,450.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030944896 MORTGAGORS: GOETZMANN WILLIAM
MASUOKA MARIKO
REGION CODE ADDRESS : 324 LIVINGSTON ST
01 CITY : NEW HAVEN
STATE/ZIP : CT 06511
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,491.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.51400
----------------------------------------------------------------
0 0030944938 MORTGAGORS: COHEN CLIFFORD
COHEN LAURA
REGION CODE ADDRESS : 3008 NORTH ARDMORE AVE.
01 CITY : MANHATTAN
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 337,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,444.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,357.75 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: 1,493,250.00
P & I AMT: 10,611.81
UPB AMT: 1,490,798.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030944953 MORTGAGORS: GARREN DAVID
GARREN PENNY
REGION CODE ADDRESS : 10743 JOHN TURLEY PLACE
01 CITY : FAIRFAX
STATE/ZIP : VA 22032
MORTGAGE AMOUNT : 192,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 191,559.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,326.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030945265 MORTGAGORS: GUNSET EDWARD
GUNSET NANCY
REGION CODE ADDRESS : 525 APACHE TRAIL
01 CITY : MARLBORO TWP
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,775.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,458.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.01100
----------------------------------------------------------------
0 0030945315 MORTGAGORS: MILLER MICHAEL
MILLER HYDIE
REGION CODE ADDRESS : 370 BROOKWAY ROAD
01 CITY : MERION STATION
STATE/ZIP : PA 19066
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,803.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030945406 MORTGAGORS: SCHMIDT JOHANNES
JIANG JIANG
REGION CODE ADDRESS : 24799 NICOLE LANE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 857,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 855,816.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,213.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 56.38100
----------------------------------------------------------------
0 0030945430 MORTGAGORS: PAVACICH JORDAN
PAVACICH GENA
REGION CODE ADDRESS : 196 RODONOVAN DRIVE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,460.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.13500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,877,000.00
P & I AMT: 13,402.25
UPB AMT: 1,874,414.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030945653 MORTGAGORS: NISHKIAN LEVON
NISHKIAN MAIO
REGION CODE ADDRESS : 140 PALO ALTO
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 820,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 818,838.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,874.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 58.57100
----------------------------------------------------------------
0 0030946024 MORTGAGORS: HODES SCOTT
HODES CORINNE
REGION CODE ADDRESS : 130 FOUNDERS WAY
01 CITY : STRATFORD
STATE/ZIP : CT 06497
MORTGAGE AMOUNT : 275,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,309.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.92500
----------------------------------------------------------------
0 0030946180 MORTGAGORS: MAC NEILLE TERESSA
REGION CODE ADDRESS : 507 NORTH ALTA DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 998,687.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,424.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 015
LTV : 68.49300
----------------------------------------------------------------
0 0030946495 MORTGAGORS: KONECZNY PAUL
REGION CODE ADDRESS : 20553 DEERWATCH PLACE
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 218,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,883.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,544.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.95600
----------------------------------------------------------------
0 0030947626 MORTGAGORS: ANDERSON DANIEL
ANDERSON CONNIE
REGION CODE ADDRESS : 3512 AVENIDA PANTERA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,108.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,798.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.85400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,863,900.00
P & I AMT: 20,617.83
UPB AMT: 2,859,827.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030948046 MORTGAGORS: BARRETT THOMAS
BARRETT WANDA
REGION CODE ADDRESS : 30173 HILLSIDE TERRACE
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 835,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 833,787.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,910.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.58300
----------------------------------------------------------------
0 0030948061 MORTGAGORS: ZALAVADIA LABHUBHAI
ZALAVADIA LALITA
REGION CODE ADDRESS : 27880 MT HOOD WAY
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,389.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,866.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030948244 MORTGAGORS: JOHNSON EVERETT
JOHNSON JACQUELINE
REGION CODE ADDRESS : 38 S FROSTED POND
01 CITY : THE WOODLANDS
STATE/ZIP : TX 77381
MORTGAGE AMOUNT : 247,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,981.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0030948293 MORTGAGORS: MCGOVERN PAUL
MCGOVERN CATHLEEN
REGION CODE ADDRESS : 24 WHITON AVENUE
01 CITY : HINGHAM
STATE/ZIP : MA 02043
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.38461
----------------------------------------------------------------
0 0030948301 MORTGAGORS: LOTT CHARLES
LOTT JACALYN
REGION CODE ADDRESS : 7 EAST ATLANTIC AVE
01 CITY : HARVEY CEDARS
STATE/ZIP : NJ 08008
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.30600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,087,350.00
P & I AMT: 14,747.90
UPB AMT: 2,084,485.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030949028 MORTGAGORS: LEOTTA VENERANDO
LEOTTA VINCENZA
REGION CODE ADDRESS : 505 APACHE TRAIL
01 CITY : MARLBORO
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,833.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.01200
----------------------------------------------------------------
0 0030949143 MORTGAGORS: STANLEY JAMES
STANLEY JUDITH
REGION CODE ADDRESS : 200 CHAMOUNIX ROAD
01 CITY : ST. DAVIDS
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,052.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030949788 MORTGAGORS: BAGAWANDOSS KESAVALU
BAGAWANDOSS REVATHY
REGION CODE ADDRESS : 17510 PECAN SHADOWS DR.
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,644.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0030949861 MORTGAGORS: ORTIZ WENCESLADA
REGION CODE ADDRESS : 38700 ALMADEN PLACE
01 CITY : FREMONT
STATE/ZIP : CA 94536
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 : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030950026 MORTGAGORS: PARLETTE J
PARLETTE KATHERINE
REGION CODE ADDRESS : 1842 EAST MOUNTAIN SKY AVENUE
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 284,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,488.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.94800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,466,700.00
P & I AMT: 10,548.26
UPB AMT: 1,465,772.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030950224 MORTGAGORS: KUTULAS DANNY
ATKIN LISA
REGION CODE ADDRESS : 2210 CORONET BLVD
01 CITY : BELMONT
STATE/ZIP : CA 94002
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 : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 69.29500
----------------------------------------------------------------
0 0030950331 MORTGAGORS: GILBERTSON ROBERT
GILBERTSON SUSANNE
REGION CODE ADDRESS : 1325 BURNING WOOD WAY
01 CITY : MADISON
STATE/ZIP : WI 53704
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,194.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030950604 MORTGAGORS: THOMAS RODNEY
THOMAS CAROLYN
REGION CODE ADDRESS : 173 BLACKBERRY ROAD
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,450.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.60800
----------------------------------------------------------------
0 0030950828 MORTGAGORS: NATHANSON DIANE
REGION CODE ADDRESS : 32-23 214 STREET
01 CITY : BAYSIDE
STATE/ZIP : NY 11361
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,072.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,116.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.18300
----------------------------------------------------------------
0 0030950877 MORTGAGORS: COWEN DAVID
SPIEGEL MARGRET
REGION CODE ADDRESS : 40 LAUREL COURT
01 CITY : LAUREL HOLLOW
STATE/ZIP : NY 11799
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,654.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,510.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,793,500.00
P & I AMT: 12,841.96
UPB AMT: 1,791,215.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030950893 MORTGAGORS: PICKERING RICHARD
REGION CODE ADDRESS : 8280 SOUTHPORT TERRACE
01 CITY : DULUTH
STATE/ZIP : GA 30136
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030951545 MORTGAGORS: COULBOURNE RICHARD
COULBOURNE TERESA
REGION CODE ADDRESS : LOT 12 CLAIBORNE'S LANDING
01 CITY : STEVENSVILLE
STATE/ZIP : MD 21666
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,988.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.34000
----------------------------------------------------------------
0 0030951792 MORTGAGORS: CONGILIANDO ERNEST
CONGILIANDO SHEILA
REGION CODE ADDRESS : 108 JEM DRIVE
01 CITY : MAPLE GLEN
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,063.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,300.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/17
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 65.01100
----------------------------------------------------------------
0 0030952147 MORTGAGORS: BOUCK GARY
BOUCK KATIE
REGION CODE ADDRESS : 64 SAN RAPHEAL
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,651.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.84600
----------------------------------------------------------------
0 0030953194 MORTGAGORS: WALTER EDWARD
WHITE CHRISTINA
REGION CODE ADDRESS : 128 ASHLAND ROAD
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,544,000.00
P & I AMT: 11,327.59
UPB AMT: 1,541,465.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030953228 MORTGAGORS: WONG KIN
WONG MEEHON
REGION CODE ADDRESS : 2333 WEST 229TH STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90501
MORTGAGE AMOUNT : 228,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,321.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,558.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.40600
----------------------------------------------------------------
0 0030953236 MORTGAGORS: HAMAKER GARY
HAMAKER DANA
REGION CODE ADDRESS : 3297 SOUTH LUCILLE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 418,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,994.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.26000
----------------------------------------------------------------
0 0030953905 MORTGAGORS: PIOTROWSKI THOMAS
REGION CODE ADDRESS : 411 RIVERVIEW ROAD
01 CITY : SWARTHMORE
STATE/ZIP : PA 19081
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,332.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,352.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030954150 MORTGAGORS: PARROTT TERESA
PARROTT ROBERT
REGION CODE ADDRESS : 1637 NORTH THOMAS COURT
01 CITY : VISALIA
STATE/ZIP : CA 93292
MORTGAGE AMOUNT : 67,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 67,213.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 505.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.78800
----------------------------------------------------------------
0 0030954242 MORTGAGORS: ROTH RICHARD
REGION CODE ADDRESS : 97 SYCAMORE AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,294.27 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 : 37.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,496,800.00
P & I AMT: 10,614.31
UPB AMT: 1,495,162.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030954564 MORTGAGORS: KOEGEL PAUL
BELL ILENE
REGION CODE ADDRESS : 626 N. CHEROKEE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90004
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,667.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,132.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030954861 MORTGAGORS: BARONIO MICHAEL
BARONIO JOANNE
REGION CODE ADDRESS : 38 WILL ROGERS LANE
01 CITY : NANUET
STATE/ZIP : NY 10954
MORTGAGE AMOUNT : 224,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,937.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030954903 MORTGAGORS: CHAN DAVID
CHAN JENNIFER
REGION CODE ADDRESS : 25 MOUNTAIN VIEW PLACE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,439.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,573.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030955637 MORTGAGORS: AURIEMMA SANTO
LOGIUDICE ANITA
REGION CODE ADDRESS : 49 WILLIAM BARNES ROAD
01 CITY : RARITAN TOWNSHIP
STATE/ZIP : NJ 08822
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,215.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.92400
----------------------------------------------------------------
0 0030955983 MORTGAGORS: REILEY ROBERT
REILEY MARY
REGION CODE ADDRESS : 8131 CANCUN COURT
01 CITY : GAINESVILLE
STATE/ZIP : VA 20155
MORTGAGE AMOUNT : 296,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,897.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,610,850.00
P & I AMT: 11,352.03
UPB AMT: 1,607,158.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030956023 MORTGAGORS: RAND GUY
AYER-RAND LISA
REGION CODE ADDRESS : 7635 GRANITEHILL LANE
01 CITY : PENRYN
STATE/ZIP : CA 95663
MORTGAGE AMOUNT : 248,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,556.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030956296 MORTGAGORS: RUDOLPH LAURENCE
RUDOLPH RONNA
REGION CODE ADDRESS : 56 MANOR POND LANE
01 CITY : IRVINGTON
STATE/ZIP : NY 10533
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0030957245 MORTGAGORS: MURPHY DANIEL
MURPHY ELIZABETH
REGION CODE ADDRESS : 2401 FRANCISCO
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,398.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,044.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.70370
----------------------------------------------------------------
0 0030957328 MORTGAGORS: PIPER KENT
PIPER TAMMY
REGION CODE ADDRESS : 2141 WOLFTRAP COURT
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,621.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030957476 MORTGAGORS: SCOTT PETER
SCOTT LYNN
REGION CODE ADDRESS : 2332 CASABONA AVENUE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,627.76 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 : 71.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,671,900.00
P & I AMT: 11,892.43
UPB AMT: 1,669,495.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030957716 MORTGAGORS: WILEY DOUGLAS
PEERY DEBRA
REGION CODE ADDRESS : 8914 ENFIELD AVENUE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,383.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030957740 MORTGAGORS: ROSS JESSICA
ROSS DAVID
REGION CODE ADDRESS : 22319 MARVELLA STREET
01 CITY : CHATWORTH
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,515.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.54500
----------------------------------------------------------------
0 0030957765 MORTGAGORS: HONG HERMAN
BENSON SHEILA
REGION CODE ADDRESS : 1212 N E 62ND STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98115
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.49300
----------------------------------------------------------------
0 0030957781 MORTGAGORS: SUELTER KEVIN
COHEN LISA
REGION CODE ADDRESS : 8400 KAWALA DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89128
MORTGAGE AMOUNT : 123,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 122,930.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 872.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030958037 MORTGAGORS: SMITH PERRY
REGION CODE ADDRESS : 12630 WATERSIDE WAY
01 CITY : HOUSTON
STATE/ZIP : TX 77041
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,322.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,844.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 73.12200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,270,200.00
P & I AMT: 9,323.13
UPB AMT: 1,267,976.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030958755 MORTGAGORS: CULP KENNETH
CULP CATHY
REGION CODE ADDRESS : 17915 CEDAR CREEK CANYON DR.
01 CITY : DALLAS
STATE/ZIP : TX 75252
MORTGAGE AMOUNT : 518,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 517,625.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,666.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030959167 MORTGAGORS: FELLGUTH KLAUS
LUCCHESI JULIE
REGION CODE ADDRESS : 539 MAPLE AVENUE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
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 : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030959548 MORTGAGORS: O'NEIL HOWARD
O'NEIL PAMELA
REGION CODE ADDRESS : 5424 MARMITH AVENUE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95841
MORTGAGE AMOUNT : 442,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,688.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,166.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0030959688 MORTGAGORS: EASTMAN ROBERT
EASTMAN NANCY
REGION CODE ADDRESS : 15599 ASHBURY CHURCH ROAD
01 CITY : PURCELLVILLE
STATE/ZIP : VA 20132
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,631.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0030960140 MORTGAGORS: STRUNK CURTIS
STRUNK WENDY
REGION CODE ADDRESS : 870 GRANDVIEW DRIVE
01 CITY : PALMYRA
STATE/ZIP : PA 17078
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,505.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.44400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,125,000.00
P & I AMT: 15,100.72
UPB AMT: 2,123,287.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030960306 MORTGAGORS: ARMBRUSTER ADAM
ARMBRUSTER SUZANNE
REGION CODE ADDRESS : 9 BERKSHIRE TERRACE
01 CITY : STRAFFORD
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 318,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,799.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030960348 MORTGAGORS: ELLIS JEFFREY
ELLIS SANDRA
REGION CODE ADDRESS : RR #3 BOX 39 B
01 CITY : BLAIR
STATE/ZIP : NE 68008
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,786.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030960371 MORTGAGORS: DAMIAN LETITIA
REGION CODE ADDRESS : 75-23 KESSEL STREET
01 CITY : FOREST HILLS
STATE/ZIP : NY 11375
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,309.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030960520 MORTGAGORS: BEARD BRIAN
LASHLEY STEPHANIE
REGION CODE ADDRESS : 7908 GOLDENROD COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78750
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,743.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,569.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030960611 MORTGAGORS: WAGNER PETER
WAGNER ANDREA
REGION CODE ADDRESS : 201 DEERKEEP
01 CITY : RICHMOND
STATE/ZIP : VA 23233
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,817.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 44.85900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,750.00
P & I AMT: 10,600.89
UPB AMT: 1,499,455.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030961197 MORTGAGORS: EZRATTY ARI
EZRATTY CAROLINE
REGION CODE ADDRESS : 138 TACONIC ROAD
01 CITY : GREENWICH
STATE/ZIP : CT 06831
MORTGAGE AMOUNT : 1,312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,312,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 9,741.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 015
LTV : 51.45000
----------------------------------------------------------------
0 0030961395 MORTGAGORS: ZONGOLOWICZ MICHAEL
ZONGOLOWICZ MARY
REGION CODE ADDRESS : 10612 ACACIA DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,682.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.84700
----------------------------------------------------------------
0 0030961577 MORTGAGORS: MURPHY BRIAN
MURPHY GAIL
REGION CODE ADDRESS : 101 BOWMAN COURT
01 CITY : BRANCHBURG
STATE/ZIP : NJ 08876
MORTGAGE AMOUNT : 280,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.82800
----------------------------------------------------------------
0 0030961619 MORTGAGORS: CIVIN CURT
CIVIN NANCY
REGION CODE ADDRESS : 7516 L' HIRONDELLE CLUB RD
01 CITY : RUXTON
STATE/ZIP : MD 21204
MORTGAGE AMOUNT : 418,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,091.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,963.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
0 0030961908 MORTGAGORS: HART GERALD
HART BETTY
REGION CODE ADDRESS : 2 DARNEY COURT
01 CITY : KINGSVILLE
STATE/ZIP : MD 21087
MORTGAGE AMOUNT : 291,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,383.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,533,200.00
P & I AMT: 18,448.40
UPB AMT: 2,532,057.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030962039 MORTGAGORS: KHOURY SUSAN
REGION CODE ADDRESS : 8930 GARDEN GATE DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 285,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,345.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0030962245 MORTGAGORS: LEE DAVID
CHANG WENDY
REGION CODE ADDRESS : 11911 JUNIETTE STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 236,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,247.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030962294 MORTGAGORS: KAWAI BRIAN
REGION CODE ADDRESS : 2025 W 231ST STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90501
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,832.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.29800
----------------------------------------------------------------
0 0030962351 MORTGAGORS: RORKE DAVID
RORKE CYNTHIA
REGION CODE ADDRESS : 106 CROSS POINTE DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 259,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,602.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
0 0030963052 MORTGAGORS: JORDAN FRANK
JORDAN HELEN
REGION CODE ADDRESS : 1217 LARCHMONT LANE
01 CITY : NICHOLS HILLS
STATE/ZIP : OK 73116
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.26735
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,258,100.00
P & I AMT: 8,968.35
UPB AMT: 1,256,846.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030963110 MORTGAGORS: KANG EDWARD
KANG KELLY
REGION CODE ADDRESS : 8 AVONDALE LANDING
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,349.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
0 0030963540 MORTGAGORS: SUTHERLAND ROBERT
SUTHERLAND ANN
REGION CODE ADDRESS : 510 LAUERS LANE
01 CITY : WYOMISSING
STATE/ZIP : PA 19610
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,480.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,379.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.03300
----------------------------------------------------------------
0 0030963607 MORTGAGORS: DODSON DONALD
AHERN MARYELLEN
REGION CODE ADDRESS : 1640 WOODFIELD DRIVE
01 CITY : BETHLEHEM
STATE/ZIP : PA 18015
MORTGAGE AMOUNT : 302,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,064.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0030963714 MORTGAGORS: KELLERMAN THOMAS
KELLERMAN GAIL
REGION CODE ADDRESS : 2106 CHESAPEAKE HARBOUR DRIVE, UNIT
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,353.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030964118 MORTGAGORS: COOLEY SETH
COOLEY KATHY
REGION CODE ADDRESS : 740 WASHINGTON LANE
01 CITY : RYDAL
STATE/ZIP : PA 19046
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,691,050.00
P & I AMT: 11,739.64
UPB AMT: 1,689,039.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030964316 MORTGAGORS: GILLILAND DWIGHT
GILLILAND E.
REGION CODE ADDRESS : 700 WEST MEADOW DRIVE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,822.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,410.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.99200
----------------------------------------------------------------
0 0030964399 MORTGAGORS: OBERRENDER ROBERT
OBERRENDER JANE
REGION CODE ADDRESS : 4406 SUNNYSIDE ROAD
01 CITY : EDINA
STATE/ZIP : MN 55424
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,500.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,434.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030964456 MORTGAGORS: JERROLD DOUGLAS
JERROLD DIANE
REGION CODE ADDRESS : 319 MILLWOOD DRIVE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,570.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.88800
----------------------------------------------------------------
0 0030964563 MORTGAGORS: MICHEALS TARA
REGION CODE ADDRESS : 7021 CHECKER BLOOM WAY
01 CITY : CITRUS HEIGHTS
STATE/ZIP : CA 95610
MORTGAGE AMOUNT : 96,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,864.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 687.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030964746 MORTGAGORS: ROSS JOHN
DEARDEN REGINA
REGION CODE ADDRESS : 1900 BAYSIDE DRIVE
01 CITY : QUEENS ANNES
STATE/ZIP : MD 21619
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.68400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,476,000.00
P & I AMT: 10,347.93
UPB AMT: 1,473,588.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030964910 MORTGAGORS: GOOD JOHN
GOOD JULIA
REGION CODE ADDRESS : 512 EAST GRAVERS LANE
01 CITY : WYNDMOOR
STATE/ZIP : PA 19038
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,813.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030965222 MORTGAGORS: LAMB SANDRA
LAMB CARL
REGION CODE ADDRESS : 4220 CORTE FAVOR
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 285,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,288.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97100
----------------------------------------------------------------
0 0030966220 MORTGAGORS: KANE MICHAEL
KANE ELIZABETH
REGION CODE ADDRESS : 8 ROMARY COURT
01 CITY : GLEN ROCK
STATE/ZIP : NJ 07452
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,341.41 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 : 72.67604
----------------------------------------------------------------
0 0030966352 MORTGAGORS: PREMER LARRY
KIRBY-PREMER MARY
REGION CODE ADDRESS : 7704 PARK RIDGE CIRCLE
01 CITY : FORT COLLINS
STATE/ZIP : CO 80528
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,647.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.81818
----------------------------------------------------------------
0 0030966733 MORTGAGORS: POPA JOHN
POPA ALMA
REGION CODE ADDRESS : 30 BUCKINGHAM RIDGE ROAD
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,503.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.14149
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,560,500.00
P & I AMT: 11,096.11
UPB AMT: 1,558,780.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030966766 MORTGAGORS: TARLOW HOWARD
RINKER LYNN
REGION CODE ADDRESS : 17600 WEDDINGTON STREET
01 CITY : ENCINO
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 415,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,399.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,942.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0030966980 MORTGAGORS: GEIS W.
GEIS MARY
REGION CODE ADDRESS : 4404 LANGTRY DRIVE
01 CITY : GLEN ARM
STATE/ZIP : MD 21057
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,903.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.61100
----------------------------------------------------------------
0 0030967194 MORTGAGORS: KAKARLA SREENATH
KAKARLA RAJANI
REGION CODE ADDRESS : 23 SUYDAM ROAD
01 CITY : FRANKLIN PARK
STATE/ZIP : NJ 08823
MORTGAGE AMOUNT : 286,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,794.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,050.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.32000
----------------------------------------------------------------
0 0030967301 MORTGAGORS: WALKER ANDREW
WALKER MICHELLE
REGION CODE ADDRESS : 3633 EAST 4TH STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 90815
MORTGAGE AMOUNT : 263,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,786.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030967475 MORTGAGORS: BAGNALL ANDREW
BAGNALL LYNN
REGION CODE ADDRESS : 2829 BOTTLEBRUSH DR
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,425.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,016.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.19600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,646,050.00
P & I AMT: 11,838.44
UPB AMT: 1,643,309.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030967764 MORTGAGORS: NGUYEN ANTHONY
NGUYEN THERESA
REGION CODE ADDRESS : 369 REDONDO TERRACE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 306,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,248.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968259 MORTGAGORS: SHERMAN KAREN
SHERMAN WILLIAM
REGION CODE ADDRESS : 28 MADEWOOD DRIVE
01 CITY : MARRERO
STATE/ZIP : LA 70072
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,779.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968275 MORTGAGORS: WANG SHOU
WANG LILLIAN
REGION CODE ADDRESS : 1412 S 2ND AVENUE
01 CITY : ARCADIA
STATE/ZIP : CA 91006
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 32.89400
----------------------------------------------------------------
0 0030968416 MORTGAGORS: WEINER MARC
WEINER KELLI
REGION CODE ADDRESS : 908 PINNACLE PLACE
01 CITY : FORT COLLINS
STATE/ZIP : CO 80525
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 : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968432 MORTGAGORS: O'DONNELL DEREK
O'DONNELL COLLEEN
REGION CODE ADDRESS : 17348 JESSICA LANE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 218,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,124.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,527.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,394,850.00
P & I AMT: 9,971.33
UPB AMT: 1,393,902.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030968465 MORTGAGORS: WIGGINS HOWARD
WIGGINS KATHLEEN
REGION CODE ADDRESS : 208 LAKE CARMEL COURT
01 CITY : HUNTSVILLE
STATE/ZIP : AL 35811
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,998.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030968572 MORTGAGORS: ORR PHILIP
ORR MARTIELE
REGION CODE ADDRESS : 17820 CEDAR CREEK CANYON
01 CITY : DALLAS
STATE/ZIP : TX 75252
MORTGAGE AMOUNT : 255,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,228.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.99119
----------------------------------------------------------------
0 0030968614 MORTGAGORS: POLLAK HOWARD
POLLAK ETHLENE
REGION CODE ADDRESS : 2672 CAPELLA WAY
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 254,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,161.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0030968721 MORTGAGORS: PULLIAM ANDREW
PULLIAM KIMBERLY
REGION CODE ADDRESS : 1525 S LODGE DR
01 CITY : SARASOTA
STATE/ZIP : FL 34239
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,310.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,896.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.15300
----------------------------------------------------------------
0 0030968754 MORTGAGORS: CAPUZZIELLO PAUL
CAPUZZIELLO TRACEY
REGION CODE ADDRESS : 30 SPRING STREET
01 CITY : WRENTHAM
STATE/ZIP : MA 02093
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,839.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.54800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,397,450.00
P & I AMT: 9,742.38
UPB AMT: 1,395,537.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030968853 MORTGAGORS: HENRY RICHARD
ODDENINO JUDY
REGION CODE ADDRESS : 8219 MADRILLON ESTATES DRIVE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 300,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,608.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.44000
----------------------------------------------------------------
0 0030968879 MORTGAGORS: HARTMAN PAUL
HARTMAN BARBARA
REGION CODE ADDRESS : 161 NORTH QUARTER
01 CITY : WILLIAMSBURG
STATE/ZIP : VA 23185
MORTGAGE AMOUNT : 439,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,097.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0030968994 MORTGAGORS: TWEHOUS RANDALL
TWEHOUS SHARON
REGION CODE ADDRESS : 5505 TWEHOUS LAKE DRIVE
01 CITY : JEFFERSON
STATE/ZIP : MO 65101
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,563.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.62700
----------------------------------------------------------------
0 0030969042 MORTGAGORS: PRETTO WILLIAM
PRETTO JENNIFER
REGION CODE ADDRESS : 5333 RESEDA CIRCLE
01 CITY : FREMONT
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 275,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030969216 MORTGAGORS: CROSSEN SUZANNE
CROSSEN SHAUN
REGION CODE ADDRESS : 28 VINE STREET
01 CITY : MANCHESTER BY THE SEA
STATE/ZIP : MA 01944
MORTGAGE AMOUNT : 217,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,330.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,483.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,540,150.00
P & I AMT: 10,999.66
UPB AMT: 1,538,401.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030969299 MORTGAGORS: SUCHOW ROBERT
SUCHOW KATHLEEN
REGION CODE ADDRESS : 6 CONSTITUTION WAY
01 CITY : READINGTON TWP
STATE/ZIP : NJ 08822
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,410.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,834.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/17
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.51000
----------------------------------------------------------------
0 0030969422 MORTGAGORS: SMITH CARL
SMITH DESIREE
REGION CODE ADDRESS : 2041 218TH PLACE N. E.
01 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 236,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,333.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.83300
----------------------------------------------------------------
0 0030969588 MORTGAGORS: NEWMAN DOMONIC
NEWMAN WANDA
REGION CODE ADDRESS : 17200 BIRCH LEAF TERRACE
01 CITY : BOWIE
STATE/ZIP : MD 20716
MORTGAGE AMOUNT : 290,695.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,473.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0030970263 MORTGAGORS: HENDERSON TIMOTHY
HENDERSON CAROLYN
REGION CODE ADDRESS : 1235 SEALE DRIVE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30202
MORTGAGE AMOUNT : 343,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,138.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,402.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 82.80700
----------------------------------------------------------------
0 0030970271 MORTGAGORS: TAPIA JOHN
TAPIA KATRINA
REGION CODE ADDRESS : 477 RIDGEWAY
01 CITY : WHITE PLAINS
STATE/ZIP : NY 10605
MORTGAGE AMOUNT : 231,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,144.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,444,145.00
P & I AMT: 10,636.20
UPB AMT: 1,442,500.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030970321 MORTGAGORS: WHITAKER ROBERT
WHITAKER SUSAN
REGION CODE ADDRESS : 3641 KNOLLS BEND COURT
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 287,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,680.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.97500
----------------------------------------------------------------
0 0030970354 MORTGAGORS: GLENN DAVID
GLENN JOAN
REGION CODE ADDRESS : 64 HUNT VALLEY LOOP
01 CITY : ELKTON
STATE/ZIP : MD 21921
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,683.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.94900
----------------------------------------------------------------
0 0030970552 MORTGAGORS: ALROY ALINE
YANNAI MICHAEL
REGION CODE ADDRESS : 12 LONDON COURT
01 CITY : TEANECK
STATE/ZIP : NJ 07666
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,843.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,590.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.25400
----------------------------------------------------------------
0 0030970560 MORTGAGORS: ALMOND ROBERT
ALMOND DOLORES
REGION CODE ADDRESS : 3 PEMBROOK DRIVE
01 CITY : VOORHEES
STATE/ZIP : NJ 08043
MORTGAGE AMOUNT : 398,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,726.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,885.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.91900
----------------------------------------------------------------
0 0030970867 MORTGAGORS: BOEHM VICTOR
BOEHM ANTOINETTE
REGION CODE ADDRESS : 702 MAPLEHURST LANE
01 CITY : MONKTON
STATE/ZIP : MD 21111
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,797.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.23200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,402,900.00
P & I AMT: 9,962.69
UPB AMT: 1,401,731.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030971642 MORTGAGORS: MELLETT PAUL
MELLETT SUSAN
REGION CODE ADDRESS : 108 CEDAR STREET
01 CITY : WALPOLE
STATE/ZIP : MA 02081
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,784.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.58000
----------------------------------------------------------------
0 0030971691 MORTGAGORS: ABLAK SECKIN
ABLAK MARIA
REGION CODE ADDRESS : 43396 HYLAND HILLS STREET
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,153.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,625.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0030971915 MORTGAGORS: FEINSTEIN JONATHAN
FEINSTEIN BARBARA
REGION CODE ADDRESS : 42 WATERFORD AVENUE
01 CITY : MORGANVILLE
STATE/ZIP : NJ 07751
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030972038 MORTGAGORS: MELENDEZ JOHN
MELENDEZ SUZANNA
REGION CODE ADDRESS : 6 OAK SHORE DRIVE
01 CITY : BAYVILLE
STATE/ZIP : NY 11709
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,808.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030972087 MORTGAGORS: DAVIS MICHAEL
DAVIS KAREN
REGION CODE ADDRESS : 680 BEL AIR COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 284,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,717.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,084.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 65.76400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,326,000.00
P & I AMT: 9,422.46
UPB AMT: 1,324,681.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030972103 MORTGAGORS: IACONO VINCENT
IACONO THERESA
REGION CODE ADDRESS : 4304 ADMIRABLE DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 86.36300
----------------------------------------------------------------
0 0030972251 MORTGAGORS: LIFCHITZ ALAN
REGION CODE ADDRESS : 3112 WHISPERWOODS COURT
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 840,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 839,436.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,163.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
0 0030972376 MORTGAGORS: LOBER DOUGLAS
BITETTI ANN
REGION CODE ADDRESS : 35 BEVERLY ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 361,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,634.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,464.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030972434 MORTGAGORS: FINK BRIAN
DIDIER MONICA
REGION CODE ADDRESS : 2203 FRANK STREET
01 CITY : VIENNA
STATE/ZIP : VA 22182
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 : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.31300
----------------------------------------------------------------
0 0030972624 MORTGAGORS: BALL ROLAND
BALL GAYLE
REGION CODE ADDRESS : 6809 CEDAR DRIVE COURT
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 291,156.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,722.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,035.81 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: 2,197,356.00
P & I AMT: 15,798.95
UPB AMT: 2,195,098.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030972699 MORTGAGORS: GORMAN BETTY
REGION CODE ADDRESS : 1101 NE 196 STREET
01 CITY : MIAMI
STATE/ZIP : FL 33179
MORTGAGE AMOUNT : 40,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 39,756.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 307.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 38.09500
----------------------------------------------------------------
0 0030972806 MORTGAGORS: WEILNHAMMER FRANK
WEILNHAMMER LAURI
REGION CODE ADDRESS : 1359 OVERTON DRIVE
01 CITY : LEMONT
STATE/ZIP : IL 60439
MORTGAGE AMOUNT : 253,355.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,355.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0030972921 MORTGAGORS: CARMACK LEE
ROSENTHAL RUTH
REGION CODE ADDRESS : 5510 GOLD CREEK DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,552.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98000
----------------------------------------------------------------
0 0030973168 MORTGAGORS: ELKINS ALBERT
ELKINS ANDREA
REGION CODE ADDRESS : 121 S PACIFIC STREET
01 CITY : ROCKAWAY BEACH
STATE/ZIP : OR 97136
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,615.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030973366 MORTGAGORS: ROGERS MITCHELL
ROGERS MICHELE
REGION CODE ADDRESS : 5081 WILLOW VALE WAY
01 CITY : ELK GROVE
STATE/ZIP : CA 95758
MORTGAGE AMOUNT : 290,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,160.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,128,705.00
P & I AMT: 8,064.60
UPB AMT: 1,127,440.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030973499 MORTGAGORS: MCGAREY PATRICK
MCGAREY BARBARA
REGION CODE ADDRESS : 7420 OLD DOMINION DRIVE
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,405.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030973705 MORTGAGORS: VANDAL DONALD
VANDAL JEAN
REGION CODE ADDRESS : 4660 BLUEBELL DRIVE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70808
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,523.54 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 : 74.67900
----------------------------------------------------------------
0 0030973739 MORTGAGORS: MILLER FRANCINE
REGION CODE ADDRESS : 2388 AVENEL COURT
01 CITY : OLDSMAR
STATE/ZIP : FL 34677
MORTGAGE AMOUNT : 248,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,165.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.32000
----------------------------------------------------------------
0 0030973903 MORTGAGORS: COHEN MARTIN
REGION CODE ADDRESS : 11575 MISSOURI AVENUE #1
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,522.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,289.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030973952 MORTGAGORS: KITT DOUGLAS
KITT KAREN
REGION CODE ADDRESS : 1219-1221-1223 PAGE STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 423,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,400.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,030.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.16200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,591,350.00
P & I AMT: 11,302.91
UPB AMT: 1,589,018.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030974380 MORTGAGORS: ROBERTS ANTHONY
ROBERTS SYLVIA
REGION CODE ADDRESS : 1825 SAPPHIRE WAY
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 276,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,096.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030974620 MORTGAGORS: CAPELLO JUAN
REGION CODE ADDRESS : 4100 OXFORD COURT
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 685,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 685,103.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,852.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030974802 MORTGAGORS: LIN WILLIAM
LIN ANN
REGION CODE ADDRESS : 16 SIERRA VISTA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 549,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,140.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,080.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030975056 MORTGAGORS: TENORIO RENATO
TENORIO SIMEONA
REGION CODE ADDRESS : 12284 GINSTAR COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,616.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 88.49800
----------------------------------------------------------------
0 0030975148 MORTGAGORS: SPIWAK MARK
SPIWAK KAREN
REGION CODE ADDRESS : 611 FAYE LANE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,991.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,106,750.00
P & I AMT: 15,378.18
UPB AMT: 2,104,948.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030975239 MORTGAGORS: AGRIMSON TIMOTHY
AGRIMSON MARET
REGION CODE ADDRESS : 2470 BRINKHAUS STREET
01 CITY : CHASKA
STATE/ZIP : MN 55318
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,658.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030975387 MORTGAGORS: HUSSEY MICHAEL
REGION CODE ADDRESS : 3263 VAN HAZEN STREET, NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20015
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,003.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030975510 MORTGAGORS: VICK JAMES
VICK EDITH
REGION CODE ADDRESS : 3925 WAVY OAK DRIVE
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80908
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,633.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 85.86200
----------------------------------------------------------------
0 0030975650 MORTGAGORS: SYED PERVAIZ
SYED TAZEEN
REGION CODE ADDRESS : 806 LINDSEY MANOR LANE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,550.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030975726 MORTGAGORS: WOOLERY WILLIAM
WOOLERY PAMELA
REGION CODE ADDRESS : 107 CREST POINTE
01 CITY : WARNER ROBINS
STATE/ZIP : GA 31088
MORTGAGE AMOUNT : 240,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,459.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,288,000.00
P & I AMT: 9,164.47
UPB AMT: 1,286,306.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030975759 MORTGAGORS: HYLEN ROBERT
HYLEN DIANA
REGION CODE ADDRESS : 17 WEST SAN JUAN AVENUE
01 CITY : PHOENIX
STATE/ZIP : AZ 85013
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,583.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030975783 MORTGAGORS: MORRA MARCUS
MORRA JODI
REGION CODE ADDRESS : RT 4 BOX 58
01 CITY : BRIDGEWATER
STATE/ZIP : VA 22812
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,399.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030975833 MORTGAGORS: RAMOS PATRICIA
RAMOS GEORGE
REGION CODE ADDRESS : 30117 ISENBERG LANE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,314.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030975858 MORTGAGORS: BALSEIRO ROBERT
BALSEIRO LAUREEN
REGION CODE ADDRESS : 30 LANCE ROAD
01 CITY : READINGTON TOWNSHIP
STATE/ZIP : NJ 08833
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,786.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.83900
----------------------------------------------------------------
0 0030975908 MORTGAGORS: MC KEE STEPHEN
RAINFORD WENDY
REGION CODE ADDRESS : 254 MC KINLEY PARK LANE
01 CITY : LOUISVILLE
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.44600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,370,300.00
P & I AMT: 9,651.85
UPB AMT: 1,369,083.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030975965 MORTGAGORS: CIAVARELLA FRANK
CIAVARELLA CYNTHIA
REGION CODE ADDRESS : 3601 SURREY DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22309
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,314.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,340.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030975981 MORTGAGORS: YOUTZ ANDEW
YOUTZ TERESA
REGION CODE ADDRESS : 1720 WYNKOOP STREET #208
01 CITY : DENVER
STATE/ZIP : CO 80202
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,803.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030976047 MORTGAGORS: BEAN WILLIAM
WAGONER GREGORY
REGION CODE ADDRESS : 48 FRAIZER PASTURE ROAD
01 CITY : OGUNQUIT
STATE/ZIP : ME 03907
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,647.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.52300
----------------------------------------------------------------
0 0030976054 MORTGAGORS: VINCENT ELIZABETH
VINCENT JEFFREY
REGION CODE ADDRESS : 151 HUBBARD STREET UNIT #2
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,624.71 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 : 74.85800
----------------------------------------------------------------
0 0030976542 MORTGAGORS: LIE LAURENSIUS
ISKANDAR DIANA
REGION CODE ADDRESS : 5858 GOLD CREEK DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 289,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,740.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,071.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,798,150.00
P & I AMT: 12,818.07
UPB AMT: 1,796,130.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030976567 MORTGAGORS: REYNOLDS LOWELL
REYNOLDS JUDY
REGION CODE ADDRESS : 1445 FAWN COURT
01 CITY : REDLANDS
STATE/ZIP : CA 92373
MORTGAGE AMOUNT : 253,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,616.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030976583 MORTGAGORS: ACHESON MICHAEL
ACHESON KIMBERLY
REGION CODE ADDRESS : 8731 E GARDEN VIEW DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.75700
----------------------------------------------------------------
0 0030976617 MORTGAGORS: BOWSER SAMUEL
BOWSER DONNA
REGION CODE ADDRESS : 2900 EAST OLD NEW RIVER ROAD
01 CITY : CAVE CREEK
STATE/ZIP : AZ 85331
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,110.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,129.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/17
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.69600
----------------------------------------------------------------
0 0030976815 MORTGAGORS: OZAWA GLENN
HORWITZ SHERRI
REGION CODE ADDRESS : 6040 WEST PARK AVENUE
01 CITY : CHANDLER
STATE/ZIP : AZ 85226
MORTGAGE AMOUNT : 322,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,653.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,336.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.65100
----------------------------------------------------------------
0 0030977078 MORTGAGORS: FOLGER DAVID
LO LORRAINE
REGION CODE ADDRESS : 340 SQUIRREL RIDGE WAY
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 345,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,087.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,385.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,438,450.00
P & I AMT: 10,510.92
UPB AMT: 1,436,284.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030977177 MORTGAGORS: WATSON KRISTI
HANSON RICKY
REGION CODE ADDRESS : 3910 E CORTE DE LA GRANJA
01 CITY : TUSCON
STATE/ZIP : AZ 85718
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,578.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,211.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.21500
----------------------------------------------------------------
0 0030977219 MORTGAGORS: KISKIS RONALD
KISKIS NANCY
REGION CODE ADDRESS : 68 MARIN BAY PARK COURT
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 843,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 842,212.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,825.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 67.48000
----------------------------------------------------------------
0 0030977227 MORTGAGORS: BYBOKAS JAMES
BYBOKAS KATHRYN
REGION CODE ADDRESS : 5165 KARA DRIVE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93111
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,500.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,434.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030977243 MORTGAGORS: KAZZIHA SMAER
KAZZIHA SAHLA
REGION CODE ADDRESS : 3436 BALFOUR
01 CITY : TROY
STATE/ZIP : MI 48084
MORTGAGE AMOUNT : 441,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,083.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,197.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030977342 MORTGAGORS: CURRY BRETT
CURRY LORI
REGION CODE ADDRESS : 28057 NORTH LIANA LANE
01 CITY : VALENCIA
STATE/ZIP : CA 91355
MORTGAGE AMOUNT : 249,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,756.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.96900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,182,600.00
P & I AMT: 15,475.83
UPB AMT: 2,179,131.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030977508 MORTGAGORS: HEAPS DUANE
HEAPS GHIDA
REGION CODE ADDRESS : 1254 JUANITA DRIVE
01 CITY : WALNUT CAREEK
STATE/ZIP : CA 94595
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,590.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030977656 MORTGAGORS: SERRANIA OSCAR
SERRANIA SONIA
REGION CODE ADDRESS : 5290 RIO GRANDE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
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 : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0030977672 MORTGAGORS: SPEED AKIHIKO
SPEED CRYSTAL
REGION CODE ADDRESS : 3442 VISTA VIEW DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030977805 MORTGAGORS: JANZ MICHAEL
JANZ LORI
REGION CODE ADDRESS : 1419 LAMORE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95130
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,199.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.16100
----------------------------------------------------------------
0 0030977813 MORTGAGORS: DEPOLD KEVIN
NAPOLITAN JENNIFER
REGION CODE ADDRESS : 1440 SHADOW FALLS DRIVE
01 CITY : BRENTWOOD
STATE/ZIP : CA 94513
MORTGAGE AMOUNT : 217,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,750.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,231,050.00
P & I AMT: 8,788.76
UPB AMT: 1,229,190.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030978001 MORTGAGORS: TALLEY DAVID
REGION CODE ADDRESS : 3273 RED TREE PLACE
01 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,551.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.72500
----------------------------------------------------------------
0 0030978092 MORTGAGORS: ROSEN MARK
ROSEN KIM
REGION CODE ADDRESS : 5325 CHURCHWOOD DRIVE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 364,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,333.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,613.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.20500
----------------------------------------------------------------
0 0030978167 MORTGAGORS: ECKELHOFER RICHARD
ECKELHOFER STORME
REGION CODE ADDRESS : 17 VILLAGE LANE
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 233,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.01400
----------------------------------------------------------------
0 0030978415 MORTGAGORS: TAFTI PARIVASH
GOODARZI MAZIYAR
REGION CODE ADDRESS : 8706 SOUTH ALPEN CIRCLE
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84121
MORTGAGE AMOUNT : 247,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,532.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0030979314 MORTGAGORS: MEDEIROS DAVID
KELLEHER KAREN
REGION CODE ADDRESS : 22 HIGH STREET
01 CITY : CHELMSFORD
STATE/ZIP : MA 01824
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,561.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.82500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,481,200.00
P & I AMT: 10,746.25
UPB AMT: 1,479,478.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030979561 MORTGAGORS: ROBERTS WILLIAM
ROBERTS BEVERLY
REGION CODE ADDRESS : 12 ADAMS STREET
01 CITY : CHARLESTOWN
STATE/ZIP : MA 02129
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.75000
----------------------------------------------------------------
0 0030979629 MORTGAGORS: SLATTERY JAMES
SLATTERY CAROL
REGION CODE ADDRESS : 41 INDIAN PATH ROAD
01 CITY : DEDHAM
STATE/ZIP : MA 02026
MORTGAGE AMOUNT : 225,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,736.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,598.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030979637 MORTGAGORS: WEIR J.
REGION CODE ADDRESS : 1070 LIGHTHOUSE AVENUE
01 CITY : PACIFIC GROVE
STATE/ZIP : CA 93950
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,807.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.50467
----------------------------------------------------------------
0 0030979660 MORTGAGORS: MORGAN LARRY
MORGAN LESLIE
REGION CODE ADDRESS : 12409 NORTHLAKE PLACE
01 CITY : RICHMOND
STATE/ZIP : VA 23233
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,019.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030979819 MORTGAGORS: BORROWS WILLIAM
BORROWS JILL
REGION CODE ADDRESS : 12280 SHOREWOOD DRIVE SW
01 CITY : SEATTLE
STATE/ZIP : WA 98146
MORTGAGE AMOUNT : 230,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,189.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.35400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,362,600.00
P & I AMT: 9,767.19
UPB AMT: 1,361,753.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030979835 MORTGAGORS: FAINBERG MAX
KLEIN LORI
REGION CODE ADDRESS : 4403 STANFORD STREET
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.18181
----------------------------------------------------------------
0 0030979850 MORTGAGORS: TAYLOR PAUL
TAYLOR SANDRA
REGION CODE ADDRESS : 20308 SEABROOK DRIVE
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20879
MORTGAGE AMOUNT : 207,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,306.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,487.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030980379 MORTGAGORS: MORRIS KAREN
REGION CODE ADDRESS : 10533 AUDUBON COURT
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,820.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0030980601 MORTGAGORS: MEYERS VICTOR
CRUZ-MEYERS DORA
REGION CODE ADDRESS : 720 HERBGLEN COURT
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80906
MORTGAGE AMOUNT : 221,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,593.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99790
----------------------------------------------------------------
0 0030980635 MORTGAGORS: SMITH EUGENE
SMITH LINDA
REGION CODE ADDRESS : 2917 PARKLAWN COURT
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,872.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.35 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: 1,215,700.00
P & I AMT: 8,728.65
UPB AMT: 1,214,380.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030980700 MORTGAGORS: MORSE DAVID
SAGER POLLY
REGION CODE ADDRESS : 10303 YEARLING DRIVE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 383,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,744.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,680.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.93600
----------------------------------------------------------------
0 0030980916 MORTGAGORS: KNEE ANDREW
LAIS CORNELIA
REGION CODE ADDRESS : 1575 CREEK ROAD
01 CITY : PLANO
STATE/ZIP : IL 60545
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,710.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,045.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030981104 MORTGAGORS: HARDY LESLIE
GANAHL MICHAEL
REGION CODE ADDRESS : 3267 FERNSIDE BLVD
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,290.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,467.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030981138 MORTGAGORS: RENO JOHN
BRYANT DIANE
REGION CODE ADDRESS : 25615 FERNHILL DRIVE
01 CITY : LOS ALTOS HILLS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,541.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,656.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.09000
----------------------------------------------------------------
0 0030981146 MORTGAGORS: VENTRESCA PAUL
VENTRESCA MARIA
REGION CODE ADDRESS : 1276 MEETINGHOUSE ROAD
01 CITY : LOWER GWYNEDD
STATE/ZIP : PA 19436
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,636.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,613.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,381,900.00
P & I AMT: 17,464.16
UPB AMT: 2,379,923.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030981195 MORTGAGORS: HOWARD GREGORY
REGION CODE ADDRESS : 396 LAKE RESORT ROAD
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,997.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,359.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030981765 MORTGAGORS: BURT GREGORY
BURT DONNA
REGION CODE ADDRESS : 2003 WHITE EAGLE LANE
01 CITY : KATY
STATE/ZIP : TX 77450
MORTGAGE AMOUNT : 325,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,115.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,276.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030981807 MORTGAGORS: TUCK MICHAEL
SOLESKY SABRINA
REGION CODE ADDRESS : 9306 RAVEN RIDGE ROAD
01 CITY : BALTIMORE
STATE/ZIP : MD 21234
MORTGAGE AMOUNT : 305,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,239.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,214.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99000
----------------------------------------------------------------
0 0030981823 MORTGAGORS: KORDICK MARK
KORDICK SUSAN
REGION CODE ADDRESS : 571 CASCADE DRIVE
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0030981864 MORTGAGORS: EVERETT MATTHEW
BUKOWSKI LAURA
REGION CODE ADDRESS : 2030 BUSTLETON ROAD
01 CITY : FLORENCE TWSP
STATE/ZIP : NJ 08505
MORTGAGE AMOUNT : 126,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 126,234.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 938.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.49600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,344,950.00
P & I AMT: 9,602.42
UPB AMT: 1,343,414.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030981880 MORTGAGORS: HOUSTON SANDRA
BRENTS GLENDA
REGION CODE ADDRESS : 630 FAIRHILLS COURT
01 CITY : OCEANSIDE
STATE/ZIP : CA 92057
MORTGAGE AMOUNT : 217,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,199.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,539.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030982268 MORTGAGORS: RHODES BLAKE
RHODES MAUREEN
REGION CODE ADDRESS : 820 WAGE DRIVE
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 221,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,658.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0030982656 MORTGAGORS: GARDNER RONALD
GARDNER ROSE
REGION CODE ADDRESS : 17816 PECAN SHADOW DRIVE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 228,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,417.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,619.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030982821 MORTGAGORS: COLEMAN RICHARD
BOYD PAULA
REGION CODE ADDRESS : 1211 20TH STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,816.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,078.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030982862 MORTGAGORS: ALVAREZ FILEMON
ALVAREZ MARY ANN
REGION CODE ADDRESS : 25473 PACIFIC HILLS DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 291,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,394.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,089.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,239,700.00
P & I AMT: 8,993.25
UPB AMT: 1,238,486.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030983076 MORTGAGORS: THOMPSON DAVID
THOMPSON HEATHER
REGION CODE ADDRESS : 232 BEAVER DAM ROAD
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 235,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,191.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030983290 MORTGAGORS: GEE RICHARD
OLIVAS LENORE
REGION CODE ADDRESS : 40550 ENCANTO WAY
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,830.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,067.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 73.51300
----------------------------------------------------------------
0 0030983357 MORTGAGORS: CHEN SANFORD
REGION CODE ADDRESS : 1474 PACIFIC AVENUE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,594.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,963.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030983779 MORTGAGORS: BUNYAN STEVEN
MC ARTHUR LESLIE
REGION CODE ADDRESS : 18944 KILFINAN STREET
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,807.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030984066 MORTGAGORS: MELLMAN JAY
KOKES MARTHA
REGION CODE ADDRESS : 927 CAPUCHINO AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 293,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,604.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 77.36147
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,626,750.00
P & I AMT: 11,791.52
UPB AMT: 1,625,029.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030984199 MORTGAGORS: LAMB J
LAMB SUSAN
REGION CODE ADDRESS : 13325 E COUNTRY SHADOWS ROAD
01 CITY : CHANDLER
STATE/ZIP : AZ 85249
MORTGAGE AMOUNT : 276,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,568.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030984231 MORTGAGORS: BLAIR RICHARD
BLAIR LESLIE
REGION CODE ADDRESS : 8712 SOUTH WILLOW GREEEN CIRCLE
01 CITY : SANDY
STATE/ZIP : UT 84093
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,456.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,751.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.81800
----------------------------------------------------------------
0 0030984389 MORTGAGORS: FRIDEL FRANK
ABRAHAM MAY
REGION CODE ADDRESS : 24 OAK RIDGE AVENUE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030984538 MORTGAGORS: KEMPTON SUSAN
KEMPTON BRIAN
REGION CODE ADDRESS : 716 MADISON STREET
01 CITY : DENVER
STATE/ZIP : CO 80206
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,335.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030984751 MORTGAGORS: ABTAHI ALI
ABTAHI NAHID
REGION CODE ADDRESS : 13073 AUTUMN WILLOW DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.80500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,499,250.00
P & I AMT: 10,879.49
UPB AMT: 1,498,005.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030985014 MORTGAGORS: GERDON STEPHEN
GERDON KIMBERLY
REGION CODE ADDRESS : 10207 BRITTENFORD DRIVE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.15100
----------------------------------------------------------------
0 0030985238 MORTGAGORS: SHELDON BERNARD
HURST SHELLY
REGION CODE ADDRESS : 744 GUINDA STREET
01 CITY : PALO ALTO
STATE/ZIP : CA 94301
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,681.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,756.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0030985873 MORTGAGORS: FILLER MARY
REGION CODE ADDRESS : 1446 PATIO DRIVE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,724.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,231.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030986103 MORTGAGORS: RUCH DAVID
RUCH JULIE
REGION CODE ADDRESS : 20646 SPICE WAY
01 CITY : JAMUL
STATE/ZIP : CA 91935
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,610.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030986798 MORTGAGORS: CLINE JOSEPH
CLINE MARLO
REGION CODE ADDRESS : 84 CHURCH STREET
01 CITY : LONG HILL TOWNSHIP
STATE/ZIP : NJ 07946
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.10200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,697,200.00
P & I AMT: 12,221.86
UPB AMT: 1,696,016.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030986830 MORTGAGORS: OUREN JOHN
HARRIS-OUREN ELIZABETH
REGION CODE ADDRESS : 594 9TH AVENUE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0030987242 MORTGAGORS: DUTCHER JOHN
DUTCHER SHERYL
REGION CODE ADDRESS : 8109 HARDWICK DRIVE
01 CITY : JOHNSTON
STATE/ZIP : IA 50131
MORTGAGE AMOUNT : 221,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,243.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.23300
----------------------------------------------------------------
0 0030987382 MORTGAGORS: ALLEN DAVID
ALLEN STACY
REGION CODE ADDRESS : 105 N RIDING DRIVE
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.46300
----------------------------------------------------------------
0 0030987465 MORTGAGORS: HEANEY CHRISTOPHER
GILLIES-HEANEY PAMELA
REGION CODE ADDRESS : 10670 CELEO LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,655.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,369.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.55555
----------------------------------------------------------------
0 0030987614 MORTGAGORS: SHIMODA SOLITA
REGION CODE ADDRESS : 26255 EVA STREET
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 214,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,384.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,575.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 93.34700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,462,100.00
P & I AMT: 10,540.27
UPB AMT: 1,461,077.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030987820 MORTGAGORS: ROGALSKI MARK
ROGALSKI LA DONNA
REGION CODE ADDRESS : 5340 PARKFORD CIRCLE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 238,275.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,102.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030987846 MORTGAGORS: TEMPLE JOHN
TEMPLE CARLA
REGION CODE ADDRESS : 4531 CASCO AVENUE
01 CITY : EDINA
STATE/ZIP : MN 55424
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,728.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030988026 MORTGAGORS: PATTERSON RUSSELL
WHITEHEAD SUZANNE
REGION CODE ADDRESS : 5820 16TH AVENUE NE
01 CITY : SEATTLE
STATE/ZIP : WA 98105
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988240 MORTGAGORS: UNKELESS LOUIS
UNKELESS ANGELA
REGION CODE ADDRESS : 5500 GOLD CREEK DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,554.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988422 MORTGAGORS: TAVLIN JOSHUA
TAVLIN CYNTHIA
REGION CODE ADDRESS : 1210 BLOOMFIELD STREET
01 CITY : HOBOKEN
STATE/ZIP : NJ 07030
MORTGAGE AMOUNT : 305,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,295.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,510,875.00
P & I AMT: 10,725.41
UPB AMT: 1,509,757.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030988588 MORTGAGORS: SHEIL THOMAS
SHEIL JILL
REGION CODE ADDRESS : 1654 PASEO CASTILLE
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 326,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,210.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,396.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030988851 MORTGAGORS: MUNOZ LAWRENCE
MUNOZ KIM
REGION CODE ADDRESS : 2481 WHITETHORNE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 276,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,273.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030989040 MORTGAGORS: SCHULZ JAMES
SCHULZ DIANA
REGION CODE ADDRESS : 13975 48TH AVE. N.
01 CITY : PLYMOUTH
STATE/ZIP : MN 55446
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030989057 MORTGAGORS: LYNCH MICHAEL
LYNCH ALICE
REGION CODE ADDRESS : 589 LOS COYOTES DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 409,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,905.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,898.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030989974 MORTGAGORS: MASNYJ ZORIAN
MASNYJ OLGA
REGION CODE ADDRESS : 5323 EAST ANGELA DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85254
MORTGAGE AMOUNT : 221,358.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,032.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,487,558.00
P & I AMT: 10,826.90
UPB AMT: 1,485,842.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030990063 MORTGAGORS: SZAFRAN JOHN
SZAFRAN JEANETTE
REGION CODE ADDRESS : 7725 N CENTRAL AVENUE
01 CITY : PHOENIX
STATE/ZIP : AZ 85021
MORTGAGE AMOUNT : 305,120.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,698.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030990485 MORTGAGORS: WAGONER GREGORY
WAGONER RHONDA
REGION CODE ADDRESS : 545 WILLOUGHBY
01 CITY : PLAINFIELD
STATE/ZIP : IN 46168
MORTGAGE AMOUNT : 346,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,933.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030990568 MORTGAGORS: CHARLTON GEOFFREY
CHARLTON MARCIA
REGION CODE ADDRESS : 16614 198TH AVENUE NORTHEAST
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,574.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030990758 MORTGAGORS: WEINSTEIN SCOTT
WEINSTEIN DEBRA
REGION CODE ADDRESS : 2070 BRASSFIELD WAY
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,815.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030990881 MORTGAGORS: NEUER ROBERT
KOOHI-KAMALI FARIDEH
REGION CODE ADDRESS : 102 WEST 75TH STREET #31
01 CITY : NEW YORK
STATE/ZIP : NY 10024
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,445,520.00
P & I AMT: 10,508.14
UPB AMT: 1,444,022.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030991327 MORTGAGORS: BERG PHILIP
REGION CODE ADDRESS : 10 PEAR TREE LANE
01 CITY : LAFAYETTE HILLS
STATE/ZIP : PA 19444
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,554.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030991525 MORTGAGORS: BENKE THOMAS
REGION CODE ADDRESS : 1378 SEACOAST DRIVE
01 CITY : IMPERIAL BEACH
STATE/ZIP : CA 91932
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,319.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030991640 MORTGAGORS: MCCONNELL GARY
MCCONNELL GERI
REGION CODE ADDRESS : 4332 LAFAYETTE DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,661.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99400
----------------------------------------------------------------
0 0030991723 MORTGAGORS: CHROSNIAK JOHN
CHROSNIAK CYNTHIA
REGION CODE ADDRESS : 7702 ST GEORGE PLACE
01 CITY : IJAMSVILLE
STATE/ZIP : MD 21754
MORTGAGE AMOUNT : 279,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,233.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,955.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0030991822 MORTGAGORS: STEINBERG BURECH
REGION CODE ADDRESS : 65 DIVISION AVENUE
01 CITY : BROOKLYN
STATE/ZIP : NY 11211
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,625.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,396,150.00
P & I AMT: 10,127.89
UPB AMT: 1,394,395.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030992101 MORTGAGORS: VISICH JAMES
VISICH N
REGION CODE ADDRESS : 105 ERIKA LANE
01 CITY : WAYNE
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 383,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,607.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,651.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030992150 MORTGAGORS: FERNANDO RANJAN
FERNANDO NIRMALA
REGION CODE ADDRESS : 1046 FERNLEAF DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,777.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.25200
----------------------------------------------------------------
0 0030992192 MORTGAGORS: HENCK STEVEN
ORLOFF GLENNIS
REGION CODE ADDRESS : 11 MAPLE VALE DRIVE
01 CITY : WOODBRIDGE
STATE/ZIP : CT 06525
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,391.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,740.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030992242 MORTGAGORS: STEFFEN ERIC
STEFFEN THERESA
REGION CODE ADDRESS : 14032 ROSE LODGE PLACE
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
MORTGAGE AMOUNT : 243,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,327.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030992283 MORTGAGORS: MONAHAN SEAN
MONAHAN AMY
REGION CODE ADDRESS : 2140 TYSONS EXECUTIVE COURT
01 CITY : DUNN LORING
STATE/ZIP : VA 22027
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,587.85 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 : 66.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,612,600.00
P & I AMT: 11,282.41
UPB AMT: 1,606,692.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030992366 MORTGAGORS: SODERBERG GEORGE
SODERBERG DEANNE
REGION CODE ADDRESS : 5 WESTRIDGE DRIVE
01 CITY : HAMPTON
STATE/ZIP : NH 03842
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 : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.79465
----------------------------------------------------------------
0 0030992549 MORTGAGORS: KUCZYNSKI THOMAS
KUCZYNSKI PETRA
REGION CODE ADDRESS : 6500 BALLYMORE LANE
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,630.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.34600
----------------------------------------------------------------
0 0030992846 MORTGAGORS: MCCUNN MARK
MCCUNN REBECCA
REGION CODE ADDRESS : 13 CLAIRE DRIVE
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.66600
----------------------------------------------------------------
0 0030992937 MORTGAGORS: COLE GLENN
COLE LESLIE
REGION CODE ADDRESS : 21 RALEIGH COURT
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 272,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,373.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0030993703 MORTGAGORS: NODZON ROBERT
NODZON JEAN
REGION CODE ADDRESS : 28441 N. 57TH STREET
01 CITY : CAVE CREEK
STATE/ZIP : AZ 85331
MORTGAGE AMOUNT : 257,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,053.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,888.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.93788
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,226,150.00
P & I AMT: 8,752.13
UPB AMT: 1,224,728.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030993802 MORTGAGORS: KAMEAN REGINA
KAMEAN JEFFRIE
REGION CODE ADDRESS : 5684 QUEENSBOROUGH DRIVE
01 CITY : DUNWOODY
STATE/ZIP : GA 30338
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,827.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.71600
----------------------------------------------------------------
0 0030993927 MORTGAGORS: MCDONALD RHONDA
REGION CODE ADDRESS : 2730 KITTRIDGE AVENUE
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80919
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.75000
----------------------------------------------------------------
0 0030993968 MORTGAGORS: CAMILLO JACK
CAMILLO LINDA
REGION CODE ADDRESS : 24 BARCHESTER WAY
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030994149 MORTGAGORS: BARTIG KEVIN
REGION CODE ADDRESS : 3367 CADDEN DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92117
MORTGAGE AMOUNT : 224,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,581.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.99100
----------------------------------------------------------------
0 0030995021 MORTGAGORS: LAX JOHN
LAX MARY
REGION CODE ADDRESS : 200 WINDMILL DRIVE
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,806.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,398,900.00
P & I AMT: 10,123.04
UPB AMT: 1,398,007.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030995070 MORTGAGORS: FENNELL MARLA
FENNELL PATRICK
REGION CODE ADDRESS : 2542 CALLE JADE
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 371,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,474.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.97123
----------------------------------------------------------------
0 0030995260 MORTGAGORS: BROWN JOHN
REGION CODE ADDRESS : 8503 MATTHEW MAURY COURT
01 CITY : SPOTSYLVANIA
STATE/ZIP : VA 22533
MORTGAGE AMOUNT : 246,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,567.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030995377 MORTGAGORS: LOTMAN ALFRED
LOTMAN CAROLE
REGION CODE ADDRESS : 2290 EAST GRAND AVENUE
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80110
MORTGAGE AMOUNT : 565,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 564,559.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,854.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.06900
----------------------------------------------------------------
0 0030995393 MORTGAGORS: INDJEYAN STEPHAN
MARDIROSIAN VIOLET
REGION CODE ADDRESS : 3213 LOS OLIVOS LANE
01 CITY : LA CRESCENTA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,568.79 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
----------------------------------------------------------------
0 0030995401 MORTGAGORS: LAWHEAD ROBERT
LAWHEAD JESSICA
REGION CODE ADDRESS : 5200 MCKENZIE SPRINGS DRIVE
01 CITY : PLACERVILLE
STATE/ZIP : CO 81430
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,495.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,646.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 48.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,771,900.00
P & I AMT: 12,575.14
UPB AMT: 1,769,666.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030995484 MORTGAGORS: STEPHENS JAMES
STEPHENS CARLA
REGION CODE ADDRESS : 4208 SPRINGHILL ESTATES DRIVE
01 CITY : PARKER
STATE/ZIP : TX 75074
MORTGAGE AMOUNT : 248,265.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,085.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0030995518 MORTGAGORS: RYAN BERNARD
RYAN LEE
REGION CODE ADDRESS : 7711 CORTE VIOLETA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030995880 MORTGAGORS: BRESTICKER MICHAEL
CULBERTSON SANDRA
REGION CODE ADDRESS : 4048 GROVE AVE
01 CITY : WESTERN SPRINGS
STATE/ZIP : IL 60558
MORTGAGE AMOUNT : 581,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 580,619.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,313.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.81500
----------------------------------------------------------------
0 0030996086 MORTGAGORS: SHILTS LEE
REGION CODE ADDRESS : 20320 HUNTERS KNOLL
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,845.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 52.04000
----------------------------------------------------------------
0 0030996342 MORTGAGORS: BENSON CHARLES
BENSON SANDRA
REGION CODE ADDRESS : 11024 EVEREST CIRCLE
01 CITY : HUNTSVILLEE
STATE/ZIP : AL 35803
MORTGAGE AMOUNT : 371,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,630.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,632.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99569
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,715,165.00
P & I AMT: 12,564.60
UPB AMT: 1,713,832.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030996656 MORTGAGORS: DIAS DAVID
DIAS IRENE
REGION CODE ADDRESS : 736 PARADISO COURT
01 CITY : SOQUEL
STATE/ZIP : CA 95073
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030996870 MORTGAGORS: KAROL SUSAN
WARNING GLENN
REGION CODE ADDRESS : 2116 NOYES STREET
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 223,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,538.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,583.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030996995 MORTGAGORS: CUMMINGS JOHN
SWENSON CHERYL
REGION CODE ADDRESS : 4108 OLD TOPANGA CANYON ROAD
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,659.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 92.00000
----------------------------------------------------------------
0 0030997035 MORTGAGORS: TAM PETER
TAM IRENE
REGION CODE ADDRESS : 2265 LAUGHLIN STREET
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,810.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.39300
----------------------------------------------------------------
0 0030997746 MORTGAGORS: JOHNSON BARBARA
REGION CODE ADDRESS : OLD HIGHWAY 70 EAST
01 CITY : GLENCOE
STATE/ZIP : NM 88324
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,844.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 37.20238
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,280,700.00
P & I AMT: 9,311.57
UPB AMT: 1,279,852.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030997886 MORTGAGORS: ALKARAM AMIR
ALKARAM CONNIE
REGION CODE ADDRESS : 635 REMBRANDT DRIVE
01 CITY : CORONA
STATE/ZIP : CA 91720
MORTGAGE AMOUNT : 149,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,447.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,084.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
0 0030997985 MORTGAGORS: TERRELL JACK
TERRELL SUSAN
REGION CODE ADDRESS : 216 RICHARDSON DRIVE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 410,841.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,894.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.85700
----------------------------------------------------------------
0 0030998330 MORTGAGORS: NIEUWEJAAR NILS
LABAREE CHRISTINE
REGION CODE ADDRESS : 15 BROOKSBIE ROAD
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 220,410.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,024.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/17
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030998496 MORTGAGORS: WAGNER MARK
WAGNER LORI
REGION CODE ADDRESS : 118 EAST HILLSDALE BOULEVARD
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,933.84 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 0030998678 MORTGAGORS: KNOTTS RANDALL
KNOTTS HEATHER
REGION CODE ADDRESS : 378 AMY COURT
01 CITY : GLEN ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,434.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,351,210.00
P & I AMT: 9,822.77
UPB AMT: 1,347,246.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030998892 MORTGAGORS: GONZALEZ JAIME
GONZALEZ HILDA
REGION CODE ADDRESS : 1765 NORTH BENTON WAY
01 CITY : LOS ANGELES
STATE/ZIP : CA 90026
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,717.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030999072 MORTGAGORS: SYMCZAK PAUL
WEINER DEBRA
REGION CODE ADDRESS : 14049 BOQUITA DRIVE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,528.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,568.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030999254 MORTGAGORS: KILLION JOHN
KILLION DONNA
REGION CODE ADDRESS : 10211 BANKS COURT
01 CITY : AUSTIN
STATE/ZIP : TX 78739
MORTGAGE AMOUNT : 230,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,447.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030999262 MORTGAGORS: RICHTER ELIZABETH
RICHTER EVAN
REGION CODE ADDRESS : 2639 NE 16TH AVENUE
01 CITY : PORTLAND
STATE/ZIP : OR 97212
MORTGAGE AMOUNT : 323,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,860.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030999312 MORTGAGORS: HALL GEORGE
HALL CHRISTINE
REGION CODE ADDRESS : 4833 CLAREMONT PARK COURT
01 CITY : FREMONT
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,849.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,360,900.00
P & I AMT: 9,856.28
UPB AMT: 1,359,403.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030999882 MORTGAGORS: CROSSON L
WALTEN-CROSSON MICHELE
REGION CODE ADDRESS : 5 HUNT COURT
01 CITY : RARITAN TOWNSHIP
STATE/ZIP : NJ 08822
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,805.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.96100
----------------------------------------------------------------
0 0030999890 MORTGAGORS: CHEN BOR-CHUNG
CHEN HAI-SHIA
REGION CODE ADDRESS : 11415 JORDAN LANE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 269,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,394.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030999908 MORTGAGORS: JONES CONELL
JONES TOMMIE
REGION CODE ADDRESS : 10900 BATTERSEA COURT
01 CITY : FORT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,810.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,145.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.75400
----------------------------------------------------------------
0 0030999924 MORTGAGORS: FARMER KENNETH
FARMER KATHLEEN
REGION CODE ADDRESS : 21513 CHICKACOAN TRAIL DRIVE
01 CITY : ASHBURN
STATE/ZIP : VA 20148
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.32700
----------------------------------------------------------------
0 0030999932 MORTGAGORS: HUSTON JOHN
HUSTON DIANE
REGION CODE ADDRESS : 28225 BOULDER CIRCLE
01 CITY : SHOREWOOD
STATE/ZIP : MN 55331
MORTGAGE AMOUNT : 475,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,856.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,363.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,525,800.00
P & I AMT: 10,811.46
UPB AMT: 1,524,867.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030999940 MORTGAGORS: LLOYD` WILLIAM
LLOYD SUSAN
REGION CODE ADDRESS : 1035 LITTLE RIDGE DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030999957 MORTGAGORS: SMITH DAVID
SMITH WENDY
REGION CODE ADDRESS : 2162 CHARLTON ROAD
01 CITY : SUNFISH LAKE
STATE/ZIP : MN 55118
MORTGAGE AMOUNT : 620,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 619,562.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,441.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.69800
----------------------------------------------------------------
0 0031000045 MORTGAGORS: CARROLL CARLA
CARROLL MICHAEL
REGION CODE ADDRESS : 106 CAMPBELL DRIVE
01 CITY : STAMFORD
STATE/ZIP : CT 06902
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.53400
----------------------------------------------------------------
0 0031000060 MORTGAGORS: RUSSELL DANIEL
RUSSELL KAREN
REGION CODE ADDRESS : 19 COSENZA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 457,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,715.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,473.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031000094 MORTGAGORS: ZAGURSKI GEORGE
ZAGURSKI STACY
REGION CODE ADDRESS : 2430 SANTIAGO
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 306,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,572.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,145.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.47400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,039,800.00
P & I AMT: 14,621.72
UPB AMT: 2,038,622.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031000144 MORTGAGORS: BLIESE ANDREW
BLIESE FAYE
REGION CODE ADDRESS : 1338 WATERFORD ROAD
01 CITY : WOODBURY
STATE/ZIP : MN 55125
MORTGAGE AMOUNT : 234,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,988.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031000193 MORTGAGORS: LEE YOUNG
LEE JUNG
REGION CODE ADDRESS : 8671 HILLCREST ROAD
01 CITY : BUENA PARK
STATE/ZIP : CA 90621
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,228.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,779.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031000235 MORTGAGORS: LEE BARNEY
LEE JONI
REGION CODE ADDRESS : 4615 EL CAMINO CORTO
01 CITY : LA CANADA-FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,168.47 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 0031000417 MORTGAGORS: MUI ALLAN
REGION CODE ADDRESS : 1 BRAINERD AVENUE
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,821.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031000482 MORTGAGORS: GIANNUARIO PHILIP
GIANNUARIO JACQUELINE
REGION CODE ADDRESS : 104 FAIRWAY AVENUE
01 CITY : VERONA TOWNSHIP
STATE/ZIP : NJ 07044
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,802.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.79400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,150.00
P & I AMT: 10,202.59
UPB AMT: 1,416,009.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031000623 MORTGAGORS: CARPENTER JAMES
CARPENTER BRENDA
REGION CODE ADDRESS : ROUTE 7 WATERFRONT ST
01 CITY : TIFTON
STATE/ZIP : GA 31794
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,800.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 82.85700
----------------------------------------------------------------
0 0031000656 MORTGAGORS: BENGTSON GRAY
BENGTSON BARBARA
REGION CODE ADDRESS : 28442 CALLE PINON
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 371,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,449.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,729.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.99500
----------------------------------------------------------------
0 0031000821 MORTGAGORS: BAUMAN SHARI
REGION CODE ADDRESS : 3 WOODBRIDGE COURT
01 CITY : CHAPPAQUA
STATE/ZIP : NY 10514
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,738.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,969.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 43.47800
----------------------------------------------------------------
0 0031000870 MORTGAGORS: MELKONIAN RUTH
REGION CODE ADDRESS : 945 LANCASTER WAY
01 CITY : ATLANTA
STATE/ZIP : GA 30328
MORTGAGE AMOUNT : 246,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,842.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031000961 MORTGAGORS: MITCHELL KAMERON
MITCHELL CATHY
REGION CODE ADDRESS : 5090 VIA INGRESO
01 CITY : YORBA LINDA
STATE/ZIP : CA 92686
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,856.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,528,150.00
P & I AMT: 11,178.03
UPB AMT: 1,526,686.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031001068 MORTGAGORS: HARRISON MICHAEL
REGION CODE ADDRESS : 50 SUGAR MAPLE DRIVE
01 CITY : ROSLYN
STATE/ZIP : NY 11576
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031001159 MORTGAGORS: ESPOSITO MATTHEW
REGION CODE ADDRESS : 385 BOSTON POST ROAD
01 CITY : MADISON
STATE/ZIP : CT 06443
MORTGAGE AMOUNT : 675,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 674,535.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,894.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 79.88100
----------------------------------------------------------------
0 0031001167 MORTGAGORS: MATUS GARY
REGION CODE ADDRESS : 884 S ARROYO BLVD
01 CITY : PASADENA
STATE/ZIP : CA 91105
MORTGAGE AMOUNT : 547,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 547,093.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,828.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031001217 MORTGAGORS: CHOY TUCK
DING AI
REGION CODE ADDRESS : 3006 ROSE ARBOR COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 265,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,592.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,813.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031001282 MORTGAGORS: SOMAIYA MANISH
REGION CODE ADDRESS : 245 EAST 93RD STREET, UNIT 14E
01 CITY : NEW YORK
STATE/ZIP : NY 10128
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,064,300.00
P & I AMT: 14,810.06
UPB AMT: 2,063,221.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031001498 MORTGAGORS: BENEDETTI ROY
BENEDETTI NANCY
REGION CODE ADDRESS : 18 VISTA MONTEMAR
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,529.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,600.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.86300
----------------------------------------------------------------
0 0031001605 MORTGAGORS: SMITH RONALD
SMITH JOAN
REGION CODE ADDRESS : 455 SNEATH WAY
01 CITY : ALPINE
STATE/ZIP : CA 91901
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,061.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,526.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.21800
----------------------------------------------------------------
0 0031001720 MORTGAGORS: PETERSON JOEL
PETERSON JENNIFER
REGION CODE ADDRESS : 14619 ROCKSBOROUGH ROAD
01 CITY : MINNETONKA
STATE/ZIP : MN 55345
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,797.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031001852 MORTGAGORS: ROESLER MARK
ROESLER AZALEA
REGION CODE ADDRESS : 1640 OPECHEE DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,013.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031002090 MORTGAGORS: GRIFFITH GEORGE
GRIFFITH GLORIA
REGION CODE ADDRESS : 784 ADAMS CIRCLE
01 CITY : SOCIAL CIRCLE
STATE/ZIP : GA 30279
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,597.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.68700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,899,200.00
P & I AMT: 13,673.34
UPB AMT: 1,897,401.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031002298 MORTGAGORS: HILDRETH PATRICK
HILDRETH MARLA
REGION CODE ADDRESS : 4306 JANES LANE
01 CITY : MARSHALL
STATE/ZIP : VA 20115
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,815.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031002520 MORTGAGORS: WOOD GAWAIN
REGION CODE ADDRESS : 314 EXETER ROAD
01 CITY : HAMPTON FALLS
STATE/ZIP : NH 03844
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,764.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,300.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.62500
----------------------------------------------------------------
0 0031002546 MORTGAGORS: CARAPEZZI ROBERT
CARAPEZZI KAREN
REGION CODE ADDRESS : 1 KATHERINE DRIVE
01 CITY : WARREN
STATE/ZIP : NJ 07059
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.09600
----------------------------------------------------------------
0 0031002793 MORTGAGORS: BATARAGS ROBERT
BATARAGS ANITA
REGION CODE ADDRESS : 50 LOCUST LANE
01 CITY : UPPER SADDLE RIVER
STATE/ZIP : NJ 07458
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031002843 MORTGAGORS: LENTINI CARLTON
LENTINI LINDA
REGION CODE ADDRESS : 5 CASTLE DRIVE
01 CITY : WILMINGTON
STATE/ZIP : MA 01887
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,328.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,874.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,407,500.00
P & I AMT: 9,912.03
UPB AMT: 1,406,909.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031002900 MORTGAGORS: WILSON DENNIS
WILSON ROBIN
REGION CODE ADDRESS : 3773 BUENA CREEK ROAD
01 CITY : VISTA
STATE/ZIP : CA 92084
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,230.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031003072 MORTGAGORS: REITER ROBERT
REITER LYNN
REGION CODE ADDRESS : 30665 PALO ALTO DR
01 CITY : REDLANDS
STATE/ZIP : CA 92373
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031003205 MORTGAGORS: SEUBERLING RONALD
SEUBERLING JO ANN
REGION CODE ADDRESS : 8425 EAST SULKY CIRCLE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 393,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,856.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,852.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031003221 MORTGAGORS: NORVELL LARRY
REGION CODE ADDRESS : 3 CAITLIN COURT
01 CITY : MT. HOLLY
STATE/ZIP : NJ 08060
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,774.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
0 0031003346 MORTGAGORS: HILL JOHN
HILL MARIE
REGION CODE ADDRESS : 4993 JULIE STREET
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 236,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,519.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.72700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,403,700.00
P & I AMT: 10,017.82
UPB AMT: 1,402,273.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031003361 MORTGAGORS: RESSLER TODD
REGION CODE ADDRESS : 74 CENTER ROAD
01 CITY : WOODBRIDGE
STATE/ZIP : CT 06525
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,776.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031003510 MORTGAGORS: FAITHFULL GEORGE
FAITHFULL KAREN
REGION CODE ADDRESS : 25 MELROSE PLACE
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07042
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031003643 MORTGAGORS: MAGNUSON CARL
MAGNUSON KERRY
REGION CODE ADDRESS : 1145 SUSSEX LANE
01 CITY : LIBERTYVILLE
STATE/ZIP : IL 60048
MORTGAGE AMOUNT : 223,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,046.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031003940 MORTGAGORS: NOSTRO ANTHONY
GAGLIO-NOSTRO FRANCA
REGION CODE ADDRESS : 77 TAYLORTOWN ROAD
01 CITY : MONTVILLE
STATE/ZIP : NJ 07045
MORTGAGE AMOUNT : 437,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,121.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,286.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031004120 MORTGAGORS: DROOKS MARK
GOLD DONNA
REGION CODE ADDRESS : 2208 DUXBURY CIRCLE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,824,600.00
P & I AMT: 13,286.47
UPB AMT: 1,823,354.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031004146 MORTGAGORS: BALLESTEROS MARIA
REGION CODE ADDRESS : 25003 BLACK CREEK
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78257
MORTGAGE AMOUNT : 272,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,212.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.68600
----------------------------------------------------------------
0 0031004203 MORTGAGORS: SWENSON JERRY
IKAMI CAROL
REGION CODE ADDRESS : 235 ELLIS ROAD
01 CITY : HOMEWOOD
STATE/ZIP : CA 96141
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031004351 MORTGAGORS: LENDAHL ROBERT
LENDAHL JOAN
REGION CODE ADDRESS : 171 SUNSET TERRACE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 530,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 529,596.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,660.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.64700
----------------------------------------------------------------
0 0031004963 MORTGAGORS: CELI STEPHEN
CELI LAUREN
REGION CODE ADDRESS : 70 DANA ROAD
01 CITY : READING
STATE/ZIP : MA 01867
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,826.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,574.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031005242 MORTGAGORS: GOLD BARRY
GOLD KATHY
REGION CODE ADDRESS : 620 FALLS LAKE DRIVE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30202
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,725.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,587.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.54900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,675,400.00
P & I AMT: 11,743.95
UPB AMT: 1,674,162.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031005309 MORTGAGORS: RANDALL VICTORIA
REGION CODE ADDRESS : 5019 SOUTHRIDGE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90043
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,837.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.00000
----------------------------------------------------------------
0 0031005531 MORTGAGORS: BERLIN MITCHELL
BERLIN SUZANNE
REGION CODE ADDRESS : 7 ANDREA COURT
01 CITY : SPARTA
STATE/ZIP : NJ 07871
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 : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.23900
----------------------------------------------------------------
0 0031005580 MORTGAGORS: SCARANO DEAN
SCARANO SUSAN
REGION CODE ADDRESS : 1 HOPE STREET
01 CITY : MONTVALE
STATE/ZIP : NJ 07645
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.68400
----------------------------------------------------------------
0 0031005796 MORTGAGORS: SKOOG PAUL
JANSSEN DEBORAH
REGION CODE ADDRESS : 306 SCHIAPPINO STREET
01 CITY : SANTA ROSA
STATE/ZIP : CA 95409
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,630.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031005879 MORTGAGORS: MCNULTY PATRICK
MCNULTY JOANNE
REGION CODE ADDRESS : 10024 HIDDEN KNOLL COURT
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,704.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,228.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,540,000.00
P & I AMT: 11,183.85
UPB AMT: 1,539,173.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031005994 MORTGAGORS: BOUTON SUZANNE
BOUTON DAVID
REGION CODE ADDRESS : #4 CARLTON DRIVE
01 CITY : MT KISCO
STATE/ZIP : NY 10549
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 : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.60100
----------------------------------------------------------------
0 0031006273 MORTGAGORS: GRAINGER WILLIAM
GRAINGER VICTORIA
REGION CODE ADDRESS : 3964 EAST LAUREL STREET
01 CITY : MESA
STATE/ZIP : AZ 85215
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.89400
----------------------------------------------------------------
0 0031006521 MORTGAGORS: BLANDINO GREGORY
BLANDINO BETTY
REGION CODE ADDRESS : 6324 CALLE ALTAMIRA
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 219,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,302.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.15400
----------------------------------------------------------------
0 0031006828 MORTGAGORS: TROESCH THOMAS
TROESCH CONNIE
REGION CODE ADDRESS : 25411 NORTH VERNE COURT
01 CITY : STEVENSONS RANCH
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 218,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,034.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031006901 MORTGAGORS: WAXMAN LEE
WAXMAN JUNE
REGION CODE ADDRESS : 14216 ROYAL FOREST LANE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,793.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.79400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,572,750.00
P & I AMT: 11,200.67
UPB AMT: 1,571,488.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031006919 MORTGAGORS: DUKES DELMAR
REGION CODE ADDRESS : 1404 MAPLEWOOD DRIVE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 240,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,262.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
0 0031006968 MORTGAGORS: SALDARINI CHARLES
SALDARINI VERONICA
REGION CODE ADDRESS : 15 HOPPER COURT
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,526.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,779.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.72500
----------------------------------------------------------------
0 0031007008 MORTGAGORS: DISKIN HOWARD
DISKIN ANNE
REGION CODE ADDRESS : 4926 HOLLY STREET
01 CITY : BELLAIRE
STATE/ZIP : TX 77401
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,763.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0031007073 MORTGAGORS: CERESI JOHN
CERESI LESLIE
REGION CODE ADDRESS : 30 MAPLE LANE
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,572.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.79500
----------------------------------------------------------------
0 0031007081 MORTGAGORS: CARLSON ROBERT
CARLSON PEGGY
REGION CODE ADDRESS : 20904 DELTA DRIVE
01 CITY : LAYTONSVILLE
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,544.31 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 : 72.39200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,520,450.00
P & I AMT: 10,889.28
UPB AMT: 1,518,669.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031007271 MORTGAGORS: LEHMAN WALTER
REGION CODE ADDRESS : 3060 GRAND BAY BLVD UNIT 271
01 CITY : LONGBOAT KEY
STATE/ZIP : FL 34228
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,310.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,898.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031007370 MORTGAGORS: GAUDET JOHN
SCHNIPPERING MICHAEL
REGION CODE ADDRESS : 4111 WYCLIFF AVENUE
01 CITY : DALLAS
STATE/ZIP : TX 75219
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,309.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.25300
----------------------------------------------------------------
0 0031007768 MORTGAGORS: SEEFUS DOUGLAS
SEEFUS JEANNE
REGION CODE ADDRESS : 1544 SPRINGBROOK ROAD
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 283,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,704.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,058.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031007842 MORTGAGORS: GOLDMAN RONALD
GOLDMAN BARBARA
REGION CODE ADDRESS : 1717 MONTANA AVENUE
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 637,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 637,072.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,677.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031007883 MORTGAGORS: LALEHZARZADEH EHSAN
REGION CODE ADDRESS : 504 AVONDALE STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,128.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,246.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,323,900.00
P & I AMT: 16,893.18
UPB AMT: 2,321,525.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031007933 MORTGAGORS: DEVINE DAVID
DEVINE STEPHANIE
REGION CODE ADDRESS : 397 LARCH CREST COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,329.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.83300
----------------------------------------------------------------
0 0031008048 MORTGAGORS: TYSSOWSKI JOSEPH
TYSSOWSKI KRISTINA
REGION CODE ADDRESS : 14064 GARED DRIVE
01 CITY : GLENWOOD
STATE/ZIP : MD 21738
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031008170 MORTGAGORS: RODMAN JOHN
REGION CODE ADDRESS : 3801 24TH STREET NORTH
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,795.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031008329 MORTGAGORS: PANCIOCCO CASS
PANCIOCCO LINDA
REGION CODE ADDRESS : 2710 BRADBURY COURT
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,781.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,305.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031008543 MORTGAGORS: ESCHER WILLIAM
ESCHER LORETTA
REGION CODE ADDRESS : 21604 TRIBUNE STREET
01 CITY : CHATSWORTH AREA
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,321.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,394,000.00
P & I AMT: 10,057.11
UPB AMT: 1,393,029.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031008568 MORTGAGORS: DUBERCHIN SUSAN
REGION CODE ADDRESS : 4388 PARK VICENTA
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,291.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031008592 MORTGAGORS: COGDELL QUEN
REGION CODE ADDRESS : 8511 SUNFLOWER STREET
01 CITY : HIGHLANDS
STATE/ZIP : TX 77562
MORTGAGE AMOUNT : 52,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 52,339.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 412.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031008725 MORTGAGORS: PAPICH PAUL
PAPICH ANGELA
REGION CODE ADDRESS : 1220 YALE STREET NO. 2
01 CITY : SANTA MONMICA
STATE/ZIP : CA 90404
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,616.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031008857 MORTGAGORS: SLOAN JAMES
SLOAN CHRISEETA
REGION CODE ADDRESS : 1040 ADELLA AVENUE
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,664.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.39400
----------------------------------------------------------------
0 0031009301 MORTGAGORS: DIEPSTRATEN TED
DIEPSTRATEN NANCY
REGION CODE ADDRESS : 3880 S WATERFRONT DRIVE
01 CITY : CHANDLER
STATE/ZIP : AZ 85248
MORTGAGE AMOUNT : 300,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,243.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,178.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,632,850.00
P & I AMT: 11,896.16
UPB AMT: 1,630,155.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031009426 MORTGAGORS: PRESCOTT THEODORE
PRESCOTT SARAH
REGION CODE ADDRESS : 2353 MOUNTAIN AVENUE
01 CITY : LA CRESENTA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 418,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,112.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,033.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031009533 MORTGAGORS: FELDMAN MORTON
FELDMAN CAROL
REGION CODE ADDRESS : 23 BLUE RIBBON DRIVE
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,774.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,561.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.82400
----------------------------------------------------------------
0 0031009715 MORTGAGORS: CRAFT SALLY ANN
REGION CODE ADDRESS : 5831 KENSINGTON BOULEVARD
01 CITY : NEW ORLEANS
STATE/ZIP : LA 70127
MORTGAGE AMOUNT : 270,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,044.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0031010002 MORTGAGORS: PERRY ARLIN
PERRY SONYA
REGION CODE ADDRESS : 7935 S. HUDSON PLACE
01 CITY : TULSA
STATE/ZIP : OK 74316
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,823.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031010168 MORTGAGORS: MEMMI CLAUDE
WAXMAN SHARON
REGION CODE ADDRESS : 703 EUCLID ST
01 CITY : SANTA MONICA
STATE/ZIP : CA 90402
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,387.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,338.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.40700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,720,650.00
P & I AMT: 12,402.87
UPB AMT: 1,719,141.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031010465 MORTGAGORS: LAMANTIA DAVID
LAMANTIA SHARON
REGION CODE ADDRESS : 375 KAPOK COURT
01 CITY : LONGWOOD
STATE/ZIP : FL 32779
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,607.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 87.71300
----------------------------------------------------------------
0 0031010523 MORTGAGORS: HOLMGREN ROLF
BECICKA KELLY
REGION CODE ADDRESS : 300 PARKVIEW TERRACE
01 CITY : GOLDEN VALLEY
STATE/ZIP : MN 55416
MORTGAGE AMOUNT : 313,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,973.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,216.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031010648 MORTGAGORS: KINZER DAVID
REGION CODE ADDRESS : 1212 WEST ISLAND DRIVE
01 CITY : CHANDLER
STATE/ZIP : AZ 85248
MORTGAGE AMOUNT : 437,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,145.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,173.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.59000
----------------------------------------------------------------
0 0031010689 MORTGAGORS: TAKEDA NORIO
TAKEDA YOONSUN
REGION CODE ADDRESS : 12 SQUANTZ VIEW DRIVE
01 CITY : NEW FAIRFIELD
STATE/ZIP : CT 06812
MORTGAGE AMOUNT : 221,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,294.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,606.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031010697 MORTGAGORS: NORDSTROM J
NORDSTROM DEANNA
REGION CODE ADDRESS : 5717 COACHLIGHT COURT
01 CITY : WEST DES MOINES
STATE/ZIP : IA 50266
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,654.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.83800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,461,550.00
P & I AMT: 10,394.78
UPB AMT: 1,459,675.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031011174 MORTGAGORS: GUSSIS ALAN
GUSSIS GAIL
REGION CODE ADDRESS : 438 AMBERLEY LANE
01 CITY : DEERFIELD
STATE/ZIP : IL 60015
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,540.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,598.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.94900
----------------------------------------------------------------
0 0031011554 MORTGAGORS: SMITH RANDALL
SMITH MARCIA
REGION CODE ADDRESS : 8 FIRETHORN CIRCLE
01 CITY : LAFAYETTE HILL
STATE/ZIP : PA 19444
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,702.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,378.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.82400
----------------------------------------------------------------
0 0031011646 MORTGAGORS: WORTHINGTON DOUGLAS
WORTHINGTON ALICE
REGION CODE ADDRESS : 4766 LONDON LANE
01 CITY : EAGAN
STATE/ZIP : MN 55122
MORTGAGE AMOUNT : 281,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,006.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031011778 MORTGAGORS: MANLEY DUNCAN
REGION CODE ADDRESS : 2300 MONTEVALLO ROAD
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35223
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,382.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,901.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.37000
----------------------------------------------------------------
0 0031012057 MORTGAGORS: FORTUNE REENA
FORTUNE DAVID
REGION CODE ADDRESS : 16072 SILVERLEAF DRIVE
01 CITY : SAN LORENZO
STATE/ZIP : CA 94580
MORTGAGE AMOUNT : 224,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,381.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,725,350.00
P & I AMT: 12,701.18
UPB AMT: 1,723,013.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031012065 MORTGAGORS: FERRANTE DONALD
FERRANTE JANIS
REGION CODE ADDRESS : 24036 NE 142ND AVENUE
01 CITY : BATTLE GROUND
STATE/ZIP : WA 98604
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,828.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 91.29000
----------------------------------------------------------------
0 0031012180 MORTGAGORS: DONNY FRANCIS
DONNY MARILOU
REGION CODE ADDRESS : 119 NOTTINGHAM DRIVE
01 CITY : SPRING CITY
STATE/ZIP : PA 19475
MORTGAGE AMOUNT : 224,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,479.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,551.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031012198 MORTGAGORS: TONEY MICHAEL
TONEY PRUDENCE
REGION CODE ADDRESS : 3741 E. HUBER STREET
01 CITY : MESA
STATE/ZIP : AZ 85205
MORTGAGE AMOUNT : 355,162.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,908.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,658.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 55.84300
----------------------------------------------------------------
0 0031012909 MORTGAGORS: MERTZ MICHAEL
MERTZ BARBARA
REGION CODE ADDRESS : 35 COLONIAL WAY
01 CITY : MILLBURN
STATE/ZIP : NJ 07078
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031013287 MORTGAGORS: GREGA BRIAN
GREGA MICHELLE
REGION CODE ADDRESS : 11505 WATERHAVEN COURT
01 CITY : RESTON
STATE/ZIP : VA 20190
MORTGAGE AMOUNT : 215,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,561.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,426,112.00
P & I AMT: 10,470.68
UPB AMT: 1,425,515.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031013337 MORTGAGORS: MURPHY EMALEE
REGION CODE ADDRESS : 5809 NICHOLSON LANE, 516
01 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,845.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
0 0031013360 MORTGAGORS: CORCORAN J
CORCORAN CELESTE
REGION CODE ADDRESS : 110 DAVID'S WAY
01 CITY : SOUTH KINGSTOWN
STATE/ZIP : RI 02879
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 : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031013402 MORTGAGORS: GERA NICHOLAS
GERA SUEANNE
REGION CODE ADDRESS : 19565 GLEN UNA DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,255.54 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 : 49.26100
----------------------------------------------------------------
0 0031013584 MORTGAGORS: SHAMY MICHAEL
SHAMY SANDRA
REGION CODE ADDRESS : 129 BRANDON COURT
01 CITY : BRANCHBURG
STATE/ZIP : NJ 08853
MORTGAGE AMOUNT : 165,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 165,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,182.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.00000
----------------------------------------------------------------
0 0031013691 MORTGAGORS: CUMPSTON SCOTT
CUMPSTON KERRY
REGION CODE ADDRESS : 2006 N STARLING WAY
01 CITY : FLAGSTAFF
STATE/ZIP : AZ 86004
MORTGAGE AMOUNT : 232,981.26 OPTION TO CONVERT :
UNPAID BALANCE : 232,479.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,695.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.25800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,468,981.26
P & I AMT: 10,543.60
UPB AMT: 1,467,345.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031013709 MORTGAGORS: GALE MICHAEL
GALE LARA
REGION CODE ADDRESS : 5901 HAYDEN'S COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78730
MORTGAGE AMOUNT : 321,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,728.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,334.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031013931 MORTGAGORS: SEIBEL SCOTT
SEIBEL SHARON
REGION CODE ADDRESS : 119 LANDRUM CIRCLE
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,216.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0031014061 MORTGAGORS: MONTEJANO RICARDO
MONTEJANO VICTORIA
REGION CODE ADDRESS : 168 LA CRESCENTA
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 346,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,955.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,480.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031014434 MORTGAGORS: FETERIK MICHAEL
FETERIK TERRI
REGION CODE ADDRESS : 3021 DRUID LANE
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 403,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,755.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,098.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.32700
----------------------------------------------------------------
0 0031014848 MORTGAGORS: BRANCHINI RICK
VOISARD PAMELA
REGION CODE ADDRESS : 217 FOREST CREEK LANE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 227,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,085.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,564,800.00
P & I AMT: 11,453.36
UPB AMT: 1,563,742.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031014921 MORTGAGORS: CURRY RICHARD
CURRY SUSAN
REGION CODE ADDRESS : 46 CHAUCER COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 398,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,719.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,851.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031014954 MORTGAGORS: DUBILO EDWARD
ZIMMERMAN GRACE
REGION CODE ADDRESS : 3 TAMARACK ROAD
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,433.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 36.36300
----------------------------------------------------------------
0 0031015001 MORTGAGORS: HANCOCK GARY
HANCOCK LORNA
REGION CODE ADDRESS : 13601 NORTH 12TH WAY
01 CITY : PHOENIX
STATE/ZIP : AZ 85022
MORTGAGE AMOUNT : 231,780.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,620.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.43600
----------------------------------------------------------------
0 0031015019 MORTGAGORS: ROSS MAUREEN
REGION CODE ADDRESS : 1539 OLD BALLARD RD.
01 CITY : CHARLOTTSVILLE
STATE/ZIP : VA 22901
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,305.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031015043 MORTGAGORS: BURDULIS DONALD
ELSNER KATHLEEN
REGION CODE ADDRESS : 2638 78TH AVENUE NORTHEAST
01 CITY : MEDINA
STATE/ZIP : WA 98039
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,833.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,552,280.00
P & I AMT: 11,179.71
UPB AMT: 1,550,911.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031015134 MORTGAGORS: LANDES JOHN
LANDES CRYSTAL
REGION CODE ADDRESS : 3529 GARY DRIVE
01 CITY : PLANO, COLLIN COUNTY
STATE/ZIP : TX 75023
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,593.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031015480 MORTGAGORS: HENTHORN TIMOTHY
HENTHORN LISA
REGION CODE ADDRESS : 1122 W ARMITAGE #102
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 242,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,832.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031015498 MORTGAGORS: CASTA ALFREDO
ACOSTA ENID
REGION CODE ADDRESS : 47096 GLENAIRE COURT
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 267,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,220.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031015514 MORTGAGORS: CHOINIERE DAVID
HODGES ANN
REGION CODE ADDRESS : 2511 CLAY STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22302
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,791.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031015613 MORTGAGORS: BUSKER PHILIP
BUSKER MELISSA
REGION CODE ADDRESS : 11800 MIRA MESA DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78732
MORTGAGE AMOUNT : 292,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,698.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,331,150.00
P & I AMT: 9,669.65
UPB AMT: 1,330,136.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031015753 MORTGAGORS: BATTEN HUGH
BATTEN CATHLEEN
REGION CODE ADDRESS : 423 AVENEDA GRANADA #48
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 370,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,531.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031015829 MORTGAGORS: LINDBORG LESANNE
JENANYAN KAREN
REGION CODE ADDRESS : 530 SCENIC DR
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93103
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,832.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031015928 MORTGAGORS: CHANG CHI
CHANG JIENNY
REGION CODE ADDRESS : 8-10 NORTH GRANT STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94401
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031015944 MORTGAGORS: BUDKE JAMES
REGION CODE ADDRESS : 127 GRAND VIEW AVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,761.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.89400
----------------------------------------------------------------
0 0031015977 MORTGAGORS: CLARE RICHARD
LOVELACE-CLARE REBECCA
REGION CODE ADDRESS : 5336 MERIDIAN AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,096.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,464,050.00
P & I AMT: 10,514.35
UPB AMT: 1,463,021.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031016066 MORTGAGORS: KALUZNY KENNETH
KALUZNY MAUREEN
REGION CODE ADDRESS : 4974 RED PINE
01 CITY : GURNEE
STATE/ZIP : IL 60031
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 : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 83.68200
----------------------------------------------------------------
0 0031016090 MORTGAGORS: COLLINS BRIAN
COLLINS LORETTA
REGION CODE ADDRESS : 636 SUSSEX ROAD
01 CITY : LOWER MERION TWP
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,827.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.44400
----------------------------------------------------------------
0 0031016124 MORTGAGORS: SCHUBERT DONALD
SCHUBERT BARBARA
REGION CODE ADDRESS : 6607 NORTHRIDGE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 352,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,257.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,555.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031016165 MORTGAGORS: MCLOUD CAROLINE
REGION CODE ADDRESS : 2592 JENKINS POINT ROAD
01 CITY : SEABROOK ISLAND
STATE/ZIP : SC 29455
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 41.17600
----------------------------------------------------------------
0 0031016256 MORTGAGORS: KERVANDJIAN VAHRAM
REGION CODE ADDRESS : 19530 SUPERIOR STREET
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91324
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,778.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 73.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,582,500.00
P & I AMT: 11,517.43
UPB AMT: 1,581,863.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031016348 MORTGAGORS: EMILLIANI JOHN
BELMONT JOANN
REGION CODE ADDRESS : 324 SACKETT STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11231
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,526.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031016371 MORTGAGORS: SAMUEL LILLIAN
REGION CODE ADDRESS : 14 TIMBERLINE
01 CITY : MILLWOOD
STATE/ZIP : NY 10546
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,816.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,249.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031016462 MORTGAGORS: ARNZEN ROBERT
REGION CODE ADDRESS : 115 GREEN RIDGE AVENUE
01 CITY : WHITE PLAINS
STATE/ZIP : NY 10605
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,774.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.53200
----------------------------------------------------------------
0 0031016652 MORTGAGORS: HAGGERTY LEROY
HAGGERTY DEBORAH
REGION CODE ADDRESS : 9725 BLANDFORD ROAD
01 CITY : ORLANDO
STATE/ZIP : FL 32827
MORTGAGE AMOUNT : 780,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 779,463.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,655.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 80.00000
----------------------------------------------------------------
0 0031016926 MORTGAGORS: BAKER THOMAS
BAKER JULIA
REGION CODE ADDRESS : 9848 RATHBURN AVENUE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
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 : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,101,000.00
P & I AMT: 15,305.45
UPB AMT: 2,099,851.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031017015 MORTGAGORS: CAULFIELD MICHAEL
CAULFIELD JULIE
REGION CODE ADDRESS : 110 MACROOM AVENUE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 252,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,318.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031017387 MORTGAGORS: BIESER JERRY
CLEEK-BIESER LAURA
REGION CODE ADDRESS : 29 CHAMPNEY PLACE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,422.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031017429 MORTGAGORS: ASHTON PAUL
REGION CODE ADDRESS : 19 BRIMMER STREET, UNIT 5
01 CITY : BOSTON
STATE/ZIP : MA 02108
MORTGAGE AMOUNT : 417,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,705.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,987.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.67700
----------------------------------------------------------------
0 0031017452 MORTGAGORS: DANG VINCENT
DANG LANNIE
REGION CODE ADDRESS : 3292 CHATEAU DU LAC
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,404.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.90300
----------------------------------------------------------------
0 0031018492 MORTGAGORS: SMITH GREGORY
SMITH JULI
REGION CODE ADDRESS : 2972 HAWK COURT
01 CITY : LAFAYETTE
STATE/ZIP : CO 80026
MORTGAGE AMOUNT : 233,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,789.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.63200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,393,850.00
P & I AMT: 9,973.21
UPB AMT: 1,391,640.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031018518 MORTGAGORS: LONG RANDAL
LONG SALLY
REGION CODE ADDRESS : 6119 WESTGLEN DR
01 CITY : RALEIGH
STATE/ZIP : NC 27612
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,625.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.43700
----------------------------------------------------------------
0 0031018583 MORTGAGORS: KENT GLORIA
KENT THOMAS
REGION CODE ADDRESS : 5640 DEWEY HILL ROAD
01 CITY : EDINA
STATE/ZIP : MN 55439
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,991.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031018617 MORTGAGORS: PILGRIM-JOHNSON KAREN
REGION CODE ADDRESS : 24 W. 276 PIN OAK LANE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60564
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,861.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,588.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031018641 MORTGAGORS: WENTWORTH JOHN
REGION CODE ADDRESS : 140 NORTH GARDNER STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,788.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,311.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
0 0031018823 MORTGAGORS: ALTNAU GLENN
ALTNAU DIANNE
REGION CODE ADDRESS : 6025 GRAND COURT
01 CITY : ORANGE
STATE/ZIP : TX 77630
MORTGAGE AMOUNT : 278,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.34600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,371,200.00
P & I AMT: 9,923.20
UPB AMT: 1,370,067.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 140
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031018856 MORTGAGORS: FARROW GLORIA
REGION CODE ADDRESS : 9813 SUMMERFORD DRIVE
01 CITY : CHESTERFIELD
STATE/ZIP : VA 23832
MORTGAGE AMOUNT : 307,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,075.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031019029 MORTGAGORS: CURTISS CRAIG
CURTISS SALLY
REGION CODE ADDRESS : 9 ROSEMILT PLACE
01 CITY : MORRISTOWN
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 323,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.26000
----------------------------------------------------------------
0 0031019045 MORTGAGORS: YOUNG WILLIAM
YOUNG DAWN
REGION CODE ADDRESS : 14 BRAIDBURN WAY
01 CITY : MORRIS TOWNSHIP
STATE/ZIP : NJ 07960
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0031019508 MORTGAGORS: DAILY SANFORD
DAILY MARGARET
REGION CODE ADDRESS : 14832 POPLAR HILL ROAD
01 CITY : DARNESTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 370,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,818.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,556.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031019565 MORTGAGORS: THOMAS TERIA
THOMAS EARL
REGION CODE ADDRESS : 3701 AYNOR DRIVE
01 CITY : MITCHELLVILLE
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,030.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,510,000.00
P & I AMT: 10,894.53
UPB AMT: 1,509,124.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 141
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031019607 MORTGAGORS: KHALSA DIDAR
KHALSA SAT
REGION CODE ADDRESS : 72 CATHERINE LANE
01 CITY : LA MESILLA
STATE/ZIP : NM 87532
MORTGAGE AMOUNT : 341,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,004.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
0 0031019664 MORTGAGORS: BONAR SCOTT
BONAR STACEY
REGION CODE ADDRESS : 11268 DUENDA ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92127
MORTGAGE AMOUNT : 240,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,192.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031019946 MORTGAGORS: ROMEO SALVATORE
ROMEO AMY
REGION CODE ADDRESS : 2871 JUDITH DRIVE
01 CITY : BELLMORE
STATE/ZIP : NY 11710
MORTGAGE AMOUNT : 403,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,788.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031020118 MORTGAGORS: BELFAST ANTHONY
BELFAST MARIE
REGION CODE ADDRESS : 3425 CAMINO LARGO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 288,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,301.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031020373 MORTGAGORS: ROLLIN LAWRENCE
ROLLIN ILSE
REGION CODE ADDRESS : 6040 DOLOMITE DRIVE
01 CITY : EL DORADO
STATE/ZIP : CA 95623
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,848.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,512,100.00
P & I AMT: 10,870.17
UPB AMT: 1,511,096.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 142
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031020530 MORTGAGORS: SAYRE NANCY
SAYRE CHRISTOPHER
REGION CODE ADDRESS : 2155 SOUTH SAINT PAUL STREET
01 CITY : DENVER
STATE/ZIP : CO 80210
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,984.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,422.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.83801
----------------------------------------------------------------
0 0031020837 MORTGAGORS: VRBICEK ROBERT
VBRICEK DIANE
REGION CODE ADDRESS : 1210 SYCAMORE VALLEY LANE
01 CITY : JEFFERSON CITY
STATE/ZIP : MO 65109
MORTGAGE AMOUNT : 366,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,527.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.56500
----------------------------------------------------------------
0 0031020894 MORTGAGORS: HUFF ERIC
HUFF CHRISTIE
REGION CODE ADDRESS : 13028 SEAGROVE STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 379,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,288.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,786.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.84210
----------------------------------------------------------------
0 0031021181 MORTGAGORS: CASTELLO GEORGE
CASTELLO NATALIE
REGION CODE ADDRESS : 5145 SHEARIN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90041
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,797.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,131.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031021488 MORTGAGORS: LAWSON FREDDY
LAWSON ANNETTA
REGION CODE ADDRESS : 14708 DANTON COURT
01 CITY : MITCHELLEVILLE
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 236,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,478.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,622,950.00
P & I AMT: 11,544.20
UPB AMT: 1,621,549.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 143
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031021538 MORTGAGORS: MC CAIN JAMES
MC CAIN MADELEINE
REGION CODE ADDRESS : 423 CAMERON STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,282.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031021561 MORTGAGORS: VALACER DAVID
VALACER THERESE
REGION CODE ADDRESS : 1069 DEARBORN ROAD
01 CITY : FORT LEE
STATE/ZIP : NJ 07024
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031021579 MORTGAGORS: STRAIN PHILLIP
SMITH BARBARA
REGION CODE ADDRESS : 340 ALBION STREET
01 CITY : DENVER
STATE/ZIP : CO 80220
MORTGAGE AMOUNT : 235,885.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,726.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.10700
----------------------------------------------------------------
0 0031021587 MORTGAGORS: WATTS RICHARD
WATTS CYNTHIA
REGION CODE ADDRESS : 9881 GREENSVIEW CIRCLE
01 CITY : LITTLETON
STATE/ZIP : CO 80124
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031021595 MORTGAGORS: JEFFCOAT JOHN
JEFFCOAT LOIS
REGION CODE ADDRESS : 867 GENERAL HIGHWAY
01 CITY : MILLERSVILLE
STATE/ZIP : MD 21108
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 : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,304,785.00
P & I AMT: 9,469.99
UPB AMT: 1,303,887.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 144
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031021603 MORTGAGORS: COUILLARD MICHAEL
COUILLARD MARY
REGION CODE ADDRESS : 14810 ROLLER COASTER ROAD
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80921
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,512.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031021611 MORTGAGORS: ENSAFDARAN AFSHIN
REGION CODE ADDRESS : 11208 DESERT CLASSIC LANE NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87111
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,812.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031021900 MORTGAGORS: GOLD RICHARD
DRUCKER MINDY
REGION CODE ADDRESS : 35 JARED BLVD
01 CITY : KENDALL PARK
STATE/ZIP : NJ 08824
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,849.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.49800
----------------------------------------------------------------
0 0031021934 MORTGAGORS: ALBRECHT SCOTT
ALBRECHT ROBIN
REGION CODE ADDRESS : 9634 PARK STREET
01 CITY : MANASSAS
STATE/ZIP : VA 22110
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,719.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031021983 MORTGAGORS: MILLER DONALD
MILLER CATHERINE
REGION CODE ADDRESS : 3540 HIDDEN LAKE DRIVE
01 CITY : CUMMING
STATE/ZIP : GA 30041
MORTGAGE AMOUNT : 233,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,226.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98276
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,391,400.00
P & I AMT: 9,966.16
UPB AMT: 1,390,121.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 145
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031022049 MORTGAGORS: PAYNE PATRICIA
REGION CODE ADDRESS : 19007 162ND AVENUE NORTHEAST
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 254,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,720.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.82300
----------------------------------------------------------------
0 0031022106 MORTGAGORS: GOPY SOOMANTEE
REGION CODE ADDRESS : 1649-1649 1/2 FRANKLIN STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90404
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,310.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,685.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031022619 MORTGAGORS: HORENSTEIN BENNETT
GARCIA SANNA
REGION CODE ADDRESS : 91 RHEEM BLVD
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 253,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,325.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031022627 MORTGAGORS: FERNANDEZ RAFAEL
FERNANDEZ ISABEL
REGION CODE ADDRESS : 2513 MONTEREY COURT
01 CITY : FT LAUDERDALE
STATE/ZIP : FL 33327
MORTGAGE AMOUNT : 337,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,711.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031022643 MORTGAGORS: PIERRE-PIERRE GARRY
PIERRE-PIERRE DONNA
REGION CODE ADDRESS : 17 MAYHEW DRIVE
01 CITY : SOUTH ORANGE
STATE/ZIP : NJ 07079
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,096.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,407,100.00
P & I AMT: 10,389.32
UPB AMT: 1,406,164.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 146
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031022676 MORTGAGORS: MCGAW JOHN
MCGAW KIMBERLY
REGION CODE ADDRESS : 4 THORNAPPLE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 236,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,482.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,695.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031022692 MORTGAGORS: WHITMAN LARRY
REGION CODE ADDRESS : 19 HILLSIDE DRIVE
01 CITY : (LOS FLORES AREA), ORANGE
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,330.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0031022825 MORTGAGORS: POWERS ROBERT
REGION CODE ADDRESS : 123 LYNDHURST DRIVE
01 CITY : PINE TOWNSHIP
STATE/ZIP : PA 15090
MORTGAGE AMOUNT : 429,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,451.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,222.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.56100
----------------------------------------------------------------
0 0031022965 MORTGAGORS: MORRIS PATRICK
MORRIS CHERYL
REGION CODE ADDRESS : 818 SHOREWOOD DRIVE
01 CITY : SEABROOK
STATE/ZIP : TX 77586
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,606.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031023021 MORTGAGORS: GOSNELL JAMES
GOSNELL KERRI
REGION CODE ADDRESS : 3240 VAN ALLEN PLACE
01 CITY : TOPANGA CANYON AREA
STATE/ZIP : CA 90290
MORTGAGE AMOUNT : 467,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 466,617.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,551.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,671,350.00
P & I AMT: 12,399.28
UPB AMT: 1,669,488.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 147
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031023112 MORTGAGORS: MALLACE ALAN
MALLACE PHYLLIS
REGION CODE ADDRESS : 8225 E HOVERLAND ROAD
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031023195 MORTGAGORS: BRADY ARTHUR
BRADY MICHELE
REGION CODE ADDRESS : 1111 EAST 1100 NORTH
01 CITY : OREM
STATE/ZIP : UT 84087
MORTGAGE AMOUNT : 361,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,569.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,718.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031023245 MORTGAGORS: KHAMNEI CHRIS
ZANES HOLLY
REGION CODE ADDRESS : 82 OVERLAKE PARK
01 CITY : BURLINGTON
STATE/ZIP : VT 05401
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031023476 MORTGAGORS: GILMORE MARTIN
KRISSOVICH MARTA
REGION CODE ADDRESS : 10 FAIRVIEW AVENUE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,680.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.56600
----------------------------------------------------------------
0 0031023526 MORTGAGORS: LO GEORGE
YU MEI
REGION CODE ADDRESS : 320 CAPETOWN DRIVE
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,538,800.00
P & I AMT: 10,895.15
UPB AMT: 1,538,082.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 148
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031023765 MORTGAGORS: NJOKU IGWEKALA
REGION CODE ADDRESS : 6193 AUGUSTA WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
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 : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.83700
----------------------------------------------------------------
0 0031023831 MORTGAGORS: DODSON BILL
DODSON BETTY
REGION CODE ADDRESS : 18391 STANISLAUS STREET
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,395.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,157.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031023922 MORTGAGORS: TUGGLE JULIE
REGION CODE ADDRESS : 3912 BRYN MAWR DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75225
MORTGAGE AMOUNT : 239,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,961.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 36.70200
----------------------------------------------------------------
0 0031024011 MORTGAGORS: CLAYTON PAUL
CLAYTON YVONNE
REGION CODE ADDRESS : 162 FOREST STREET, UNIT 162
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 251,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,331.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.90500
----------------------------------------------------------------
0 0031024151 MORTGAGORS: HAYES KERSTEN
HAYES DAREN
REGION CODE ADDRESS : 5717 CLARENDON DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,802.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,327,400.00
P & I AMT: 9,669.65
UPB AMT: 1,326,325.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 149
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031024268 MORTGAGORS: CARRICK DEAN
CARRICK JUDY
REGION CODE ADDRESS : 80-459 HERITAGE PALMS DRIVE S
01 CITY : INDIO
STATE/ZIP : CA 92201
MORTGAGE AMOUNT : 273,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,371.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
0 0031024276 MORTGAGORS: HOWARD JAMES
HOWARD LEONA
REGION CODE ADDRESS : 10102 ELLARD DRIVE
01 CITY : LANHAM
STATE/ZIP : MD 20706
MORTGAGE AMOUNT : 228,375.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,221.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031024284 MORTGAGORS: BURSZTEIN ALEXANDER
CARPENTER SUSAN
REGION CODE ADDRESS : 768 ARMONK ROAD
01 CITY : MOUNT KISCO
STATE/ZIP : NY 10549
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031024300 MORTGAGORS: HOYOS ANDY
HOYOS MICHELLE
REGION CODE ADDRESS : 1803 GEORGIA LANDING COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 222,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,243.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,593.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031024417 MORTGAGORS: DEMARIA ERIC
DEMARIA KIM
REGION CODE ADDRESS : 7 COUNTRY WAY
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,299,325.00
P & I AMT: 9,490.77
UPB AMT: 1,298,610.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 150
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031024441 MORTGAGORS: PARSONS MARSHALL
PARSONS CLAUDETTE
REGION CODE ADDRESS : 5201 E. HASHKNIFE ROAD
01 CITY : PHOENIX
STATE/ZIP : AZ 85024
MORTGAGE AMOUNT : 244,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,281.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98500
----------------------------------------------------------------
0 0031024482 MORTGAGORS: HOLLENBECK DOUGLAS
HOLLENBECK CATHERINE
REGION CODE ADDRESS : 1504 EDELWEISS DRIVE
01 CITY : CEDAR PARK
STATE/ZIP : TX 78613
MORTGAGE AMOUNT : 128,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 128,309.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 919.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031024508 MORTGAGORS: KHAN MOHAMMAD
KHAN SHATAJ
REGION CODE ADDRESS : 1553 SOUTH WEST RIDGE DRIVE
01 CITY : WEST COVINA
STATE/ZIP : CA 91791
MORTGAGE AMOUNT : 439,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,832.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,108.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031024565 MORTGAGORS: STOVALL BRENDA
REGION CODE ADDRESS : 17718 CRICKET HILL DRIVE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 279,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,352.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031024615 MORTGAGORS: AVANESSIAN HAROUTUNE
REGION CODE ADDRESS : 119 ALERCHE DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 549,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,838.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 29.28000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,640,550.00
P & I AMT: 11,642.02
UPB AMT: 1,639,775.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 151
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031024649 MORTGAGORS: SPEAR DALLAS
SPEAR PHYLLIS
REGION CODE ADDRESS : 5861 BROADWELL
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 334,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,367.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031024805 MORTGAGORS: KHAN MICHAEL
KHAN SUSAN
REGION CODE ADDRESS : 12 SHEFFIELD COURT
01 CITY : MORGANVILLE
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 228,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,342.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.25700
----------------------------------------------------------------
0 0031024904 MORTGAGORS: PENNEY PAUL
PENNEY LINDA
REGION CODE ADDRESS : 490 BARRON PARK COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,850.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.59200
----------------------------------------------------------------
0 0031024912 MORTGAGORS: SAXENA SUNIT
SAXENA SANGEETA
REGION CODE ADDRESS : 18569 DECATUR ROAD
01 CITY : MONTE SERENO
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 791,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 790,441.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,666.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 54.74000
----------------------------------------------------------------
0 0031024961 MORTGAGORS: CRUZ ANTONIO
MERLE ISABELLE
REGION CODE ADDRESS : 1009 NOVEMBER DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,788.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 68.21000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,907,000.00
P & I AMT: 13,797.20
UPB AMT: 1,905,922.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 152
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031024987 MORTGAGORS: TOLINSKI BRAD
SULLIVAN LORINDA
REGION CODE ADDRESS : 22 VREELAND PLACE
01 CITY : ALLENDALE
STATE/ZIP : NJ 07401
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.91300
----------------------------------------------------------------
0 0031025083 MORTGAGORS: MCCORMICK RICHARD
MCCORMICK TINA
REGION CODE ADDRESS : 33440 OVERLAND TRAIL
01 CITY : AGUA DULCE AREA
STATE/ZIP : CA 91350
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 : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031025125 MORTGAGORS: STRAIN PAUL
STRAIN DIANA
REGION CODE ADDRESS : 5075 GREENHAVEN STREET
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 507,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 507,141.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,635.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 86.75213
----------------------------------------------------------------
0 0031025232 MORTGAGORS: MULLER ERIC
MULLER KAREN
REGION CODE ADDRESS : 27347 MATTERHORN DRIVE
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031025331 MORTGAGORS: HILL TIMOTHY
HILL PAULA
REGION CODE ADDRESS : 1671 DUNE POINT COURT
01 CITY : BYRON
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,817.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.38400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,527,000.00
P & I AMT: 11,049.92
UPB AMT: 1,526,124.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 153
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031025349 MORTGAGORS: HA WILLIE
HA THOA
REGION CODE ADDRESS : 20850 BROKEN BIT DRIVE
01 CITY : COVINA
STATE/ZIP : CA 91724
MORTGAGE AMOUNT : 308,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,003.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,315.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031025380 MORTGAGORS: SINGEWALD DEAN
SINGEWALD SANDRA
REGION CODE ADDRESS : 31 FOREST HILLS DRIVE
01 CITY : MADISON
STATE/ZIP : CT 06443
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,295.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031025448 MORTGAGORS: POISER DIETER
AROIAN SHOGHAGAT
REGION CODE ADDRESS : 168 WEST ARTHUR AVENUE
01 CITY : ARCADIA
STATE/ZIP : CA 91007
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,703.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.56300
----------------------------------------------------------------
0 0031025497 MORTGAGORS: MINASIAN INDRID
REGION CODE ADDRESS : 1910 BEL AIRE DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91201
MORTGAGE AMOUNT : 158,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 158,390.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 54.65500
----------------------------------------------------------------
0 0031025513 MORTGAGORS: KIM YOUNG
KIM JEONG
REGION CODE ADDRESS : 5601 OSTIN AVENUE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 235,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,637.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,378,000.00
P & I AMT: 9,897.57
UPB AMT: 1,377,030.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 154
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031025539 MORTGAGORS: I0N THOMAS
ION JANET
REGION CODE ADDRESS : 12642 CRESCENTMEADOW COURT
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,833.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031025554 MORTGAGORS: ROTH ANTHONY
ROTH JACQUELINE
REGION CODE ADDRESS : 4403 WEDGEWOOD DRIVE
01 CITY : COPLEY
STATE/ZIP : OH 44321
MORTGAGE AMOUNT : 227,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,351.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0031025588 MORTGAGORS: ZEARBAUGH MIKE
ZEARBAUGH DEBRA
REGION CODE ADDRESS : 2191 BURLWOOD DRIVE
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 214,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,782.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,466.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.62200
----------------------------------------------------------------
0 0031025653 MORTGAGORS: CIOFFI JOHN
CARTER LAURA
REGION CODE ADDRESS : 401 CLIFTON STREET
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,318.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031025729 MORTGAGORS: GREENE GEORGE
GREENE LINDA
REGION CODE ADDRESS : 3019 JAVA ROAD
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,758.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,641.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,319,950.00
P & I AMT: 9,595.48
UPB AMT: 1,319,044.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 155
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031025752 MORTGAGORS: MUELLER GLENN
MUELLER SANDY
REGION CODE ADDRESS : 2150 RIVER CLIFF DRIVE
01 CITY : ROSWELL
STATE/ZIP : GA 30076
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,762.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031025885 MORTGAGORS: CALLOW THOMAS
CALLOW HEATHER
REGION CODE ADDRESS : 1015 FAIRWAY DRIVE
01 CITY : VIENNA
STATE/ZIP : VA 22180
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 : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031025901 MORTGAGORS: VAUGHAN LAWRENCE
VAUGHAN MAUREEN
REGION CODE ADDRESS : 637 62ND STREET
01 CITY : DOWNERS GROVE
STATE/ZIP : IL 60516
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.80500
----------------------------------------------------------------
0 0031025943 MORTGAGORS: ALPERT THEODORE
EMUS YVONNE
REGION CODE ADDRESS : 1611 VIRGINIA AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91202
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,775.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.95700
----------------------------------------------------------------
0 0031026024 MORTGAGORS: GOERKE JONATHAN
LAMAR CYNTHIA
REGION CODE ADDRESS : 16 WILKINS PLACE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,763.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.60000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,561,000.00
P & I AMT: 11,149.39
UPB AMT: 1,560,067.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 156
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031026065 MORTGAGORS: KELLEY GAVIN
REGION CODE ADDRESS : 771 CYPRESS STREET
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 210,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,255.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,525.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031026081 MORTGAGORS: WILL THOMAS
REGION CODE ADDRESS : 12541 ROCHESTER DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.87500
----------------------------------------------------------------
0 0031026107 MORTGAGORS: CLARK JAY
MC CABE-CLARK CARLYN
REGION CODE ADDRESS : 5247 CASTLE ROAD
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031026248 MORTGAGORS: REDIFER DANIEL
REDIFER KRISTY
REGION CODE ADDRESS : 1271 LAKESHORE DRIVE
01 CITY : BOYNE CITY
STATE/ZIP : MI 49712
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031026370 MORTGAGORS: LANE EDWINA
REGION CODE ADDRESS : 15221 BERRY TRAIL #1103
01 CITY : DALLAS
STATE/ZIP : TX 75248
MORTGAGE AMOUNT : 50,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 50,187.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 381.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,139,650.00
P & I AMT: 8,272.25
UPB AMT: 1,138,835.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 157
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031026701 MORTGAGORS: SCHWALM THOMAS
SCHWALM SANDRA
REGION CODE ADDRESS : 4625 POST OAK DRIVE
01 CITY : FRISCO
STATE/ZIP : TX 75034
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,745.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,682.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.71100
----------------------------------------------------------------
0 0031026792 MORTGAGORS: SCHAEFFER STEPHEN
SCHAEFFER CHRISTINE
REGION CODE ADDRESS : 11903 BRACKEN COURT
01 CITY : BOWIE
STATE/ZIP : MD 20720
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,065.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031026834 MORTGAGORS: FONBERG MITCHELL
FONBERG CARYN
REGION CODE ADDRESS : 6127 LAKEHURST
01 CITY : DALLAS
STATE/ZIP : TX 75230
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,249.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,359.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031027014 MORTGAGORS: LIN PHILIP
CHU YANN-YANN
REGION CODE ADDRESS : 1557 SOUTH WESTRIDGE ROAD
01 CITY : WEST COVINA
STATE/ZIP : CA 91791
MORTGAGE AMOUNT : 317,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,731.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,305.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 55.00900
----------------------------------------------------------------
0 0031027089 MORTGAGORS: EMERT RICHARD
EMERT FLOR
REGION CODE ADDRESS : 2605 LAS GALLINAS AVENUE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,797.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.63000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,573,700.00
P & I AMT: 11,275.70
UPB AMT: 1,572,589.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 158
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031027220 MORTGAGORS: LEONARD SAMUEL
WONG KIMBERLY
REGION CODE ADDRESS : 2014 PENMAR AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,034.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,813.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027402 MORTGAGORS: HUNT JOHN
HUNT MARCIE
REGION CODE ADDRESS : 3046 WEST 109TH PLACE
01 CITY : WESTMINSTER
STATE/ZIP : CO 80030
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,989.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,419.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/17
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.78142
----------------------------------------------------------------
0 0031027683 MORTGAGORS: VAN MESSEL JAMES
REGION CODE ADDRESS : 78095 LIMA COURT
01 CITY : LA QUINTA
STATE/ZIP : CA 92253
MORTGAGE AMOUNT : 667,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 667,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,778.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 74.11100
----------------------------------------------------------------
0 0031027964 MORTGAGORS: BURKE DOUGLAS
BURKE KAREN
REGION CODE ADDRESS : 9198 BALTIMORE NATIONAL PIKE
01 CITY : MIDDLETOWN
STATE/ZIP : MD 21769
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.72700
----------------------------------------------------------------
0 0031028038 MORTGAGORS: TROUT THOMAS
TROUT BECKI
REGION CODE ADDRESS : 6104 284TH WAY NORTHEAST
01 CITY : CARNATION
STATE/ZIP : WA 98014
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,204.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,729,200.00
P & I AMT: 12,780.05
UPB AMT: 1,727,060.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 159
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031028194 MORTGAGORS: GOSSETT STEPHEN
GOSSETT LINDA
REGION CODE ADDRESS : 31180 KAHWEA ROAD
01 CITY : TEMECULA
STATE/ZIP : CA 92591
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,803.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.44000
----------------------------------------------------------------
0 0031028293 MORTGAGORS: FRIEDELLA LOUIS
FRIEDELLA SUSAN
REGION CODE ADDRESS : 54 GABRIEL DRIVE
01 CITY : MONTVILLE TOWNSHIP
STATE/ZIP : NJ 07045
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,620.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/17
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031028418 MORTGAGORS: HADJIJAFARI FARIBORZ
HADJIJAFARI NICOLE
REGION CODE ADDRESS : 5200 EAST ROLLING HILLS DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028806 MORTGAGORS: WALDMAN MICHAEL
WALDMAN CYNTHIA
REGION CODE ADDRESS : 311 LAUREL LANE
01 CITY : HAVERFORD
STATE/ZIP : PA 19041
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,426.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,596.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028939 MORTGAGORS: RAINS ROBERT
RAINS RENEE
REGION CODE ADDRESS : 20875 AVENIDA CASTILLA
01 CITY : MURRIETA
STATE/ZIP : CA 92562
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,728.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,444.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,597,000.00
P & I AMT: 11,937.88
UPB AMT: 1,595,399.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 160
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031029010 MORTGAGORS: LOMBARDO RALPH
REGION CODE ADDRESS : 130 LAND STONE CIRCLE
01 CITY : IRMO
STATE/ZIP : SC 29063
MORTGAGE AMOUNT : 230,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,948.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,590.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031029069 MORTGAGORS: IRVING GREGORY
MCKENNA MARY
REGION CODE ADDRESS : 22932 CALLE AZORIN
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 472,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,504.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031029101 MORTGAGORS: OROZCO JUAN
OROZCO MICHELE
REGION CODE ADDRESS : 912 WILD CHERRY COURT
01 CITY : HEATHROW
STATE/ZIP : FL 32746
MORTGAGE AMOUNT : 217,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,250.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031029168 MORTGAGORS: BOERGER PHILIP
REGION CODE ADDRESS : 5429 QUAIL RUN
01 CITY : FRISCO
STATE/ZIP : TX 75034
MORTGAGE AMOUNT : 314,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,854.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031029200 MORTGAGORS: FEOLA RALPH
FEOLA CAROL
REGION CODE ADDRESS : LOT 162 SANDHILL LANE
01 CITY : COROLLA
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 236,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,090.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 63.14600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,470,800.00
P & I AMT: 10,765.03
UPB AMT: 1,469,144.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 161
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031029291 MORTGAGORS: COMPTON RICHARD
COMPTON BARBARA
REGION CODE ADDRESS : 3925 BRAE BURN DRIVE
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93306
MORTGAGE AMOUNT : 208,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,853.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,490.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031029309 MORTGAGORS: WILLIAMS WARREN
WILLIAMS KIM
REGION CODE ADDRESS : 905 CALLE SIMPATICO
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 396,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,626.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,877.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031029358 MORTGAGORS: MCGRATH DENIS
MCGRATH MIMI
REGION CODE ADDRESS : 10067 CARPENTERS VIEW TRAIL
01 CITY : CINCINNATI
STATE/ZIP : OH 45249
MORTGAGE AMOUNT : 291,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,004.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,136.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031029531 MORTGAGORS: ANDERSON WILLIAM
ANDERSON PATRICIA
REGION CODE ADDRESS : 2478 GARMISCH DRIVE
01 CITY : VAIL
STATE/ZIP : CO 81657
MORTGAGE AMOUNT : 301,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,837.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,156.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.83500
----------------------------------------------------------------
0 0031029929 MORTGAGORS: FOSTER BARBARA
REGION CODE ADDRESS : 5315 TRUMPINGTON COURT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 323,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,954.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,232.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.82800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,520,350.00
P & I AMT: 10,893.70
UPB AMT: 1,519,276.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 162
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031030166 MORTGAGORS: SPECK JAMES
REGION CODE ADDRESS : 8248 EAST BEARDSLEY RD.
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 233,645.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,488.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0031030364 MORTGAGORS: YAMACHI DAVID
YAMACHI MYRA
REGION CODE ADDRESS : 2360 229TH STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90501
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.96400
----------------------------------------------------------------
0 0031030372 MORTGAGORS: CATER JOHN
CATER MELINDA
REGION CODE ADDRESS : 505 GERTRUDE AVENUE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,847.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031030380 MORTGAGORS: NOJIRI GLENN
NOJIRI COURTENEY
REGION CODE ADDRESS : 16252 SANTA BARBARA LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 479,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,853.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,391.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031030398 MORTGAGORS: PERRY CHRISTOPHER
PERRY PEGEEN
REGION CODE ADDRESS : 30814 CANTERBURY WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 222,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,189.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.37200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,463,195.00
P & I AMT: 10,502.17
UPB AMT: 1,462,165.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 163
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031030505 MORTGAGORS: KIM TED
REGION CODE ADDRESS : 4802 E BRADFORD AVENUE
01 CITY : ORANGE
STATE/ZIP : CA 92867
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031030596 MORTGAGORS: WARNER ELEANOR
REGION CODE ADDRESS : 7 KENTON COURT
01 CITY : SILVER SPRING
STATE/ZIP : MD 20902
MORTGAGE AMOUNT : 248,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,510.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 93.02400
----------------------------------------------------------------
0 0031030604 MORTGAGORS: SPEARS MARK
SPEARS ANDREA
REGION CODE ADDRESS : 677 MAIN STREET
01 CITY : GLEN ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,596.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.84600
----------------------------------------------------------------
0 0031030786 MORTGAGORS: MAESAKA CLIFFORD
REGION CODE ADDRESS : 928 WOODLAND HEIGHTS DRIVE
01 CITY : LOUISVILLE
STATE/ZIP : KY 40245
MORTGAGE AMOUNT : 227,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.93900
----------------------------------------------------------------
0 0031030877 MORTGAGORS: STOWE JAMES
FITZGERALD CYNTHIA
REGION CODE ADDRESS : 7810 BARKWAY COURT
01 CITY : LITTLETON
STATE/ZIP : CO 80124
MORTGAGE AMOUNT : 239,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,697.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,372,050.00
P & I AMT: 9,816.08
UPB AMT: 1,371,515.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 164
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031030885 MORTGAGORS: ELROD BRIAN
ELROD STACY
REGION CODE ADDRESS : 5409 SOUTH LUCILE STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98118
MORTGAGE AMOUNT : 224,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,941.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,605.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031030893 MORTGAGORS: NAHRA ANTOINE
BABCOCK RANDALL
REGION CODE ADDRESS : 903 W NEWELL STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98119
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031031032 MORTGAGORS: DEMERS ALAN
MANNING SUSAN
REGION CODE ADDRESS : 720 HOPKINS GULCH ROAD
01 CITY : BOULDER CREEK
STATE/ZIP : CA 95006
MORTGAGE AMOUNT : 536,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 536,391.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,707.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.55500
----------------------------------------------------------------
0 0031031065 MORTGAGORS: BLACKSTONE DANIEL
BLACKSTONE ELIZABETH
REGION CODE ADDRESS : 172 PACHECO AVE
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 769,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 768,457.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,509.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 69.90900
----------------------------------------------------------------
0 0031031115 MORTGAGORS: BUNGCAYAO ISABELO
BUNGCAYAO OZCEANIA
REGION CODE ADDRESS : 806 DEER TRAIL
01 CITY : OAK BROOK
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 41.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,079,900.00
P & I AMT: 14,740.95
UPB AMT: 2,078,609.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 165
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031031750 MORTGAGORS: FINNEGAN JOHN
BONNER-FINNIGAN MINNETTE
REGION CODE ADDRESS : 4667 EDISON STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92117
MORTGAGE AMOUNT : 230,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,602.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.97900
----------------------------------------------------------------
0 0031031867 MORTGAGORS: SHELTERS ROBERTA
REGION CODE ADDRESS : 520 ORCHID AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 291,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,649.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,116.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.80500
----------------------------------------------------------------
0 0031032048 MORTGAGORS: WHITTINGTON STEVE
WHITTINGTON JASON
REGION CODE ADDRESS : 223 DOLCITA COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,679.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031032055 MORTGAGORS: SHANBACKER NOREEN
SHANBACKER K
REGION CODE ADDRESS : 12 ROYAL DOMINION COURT
01 CITY : BETHESDA
STATE/ZIP : MD 20817
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 56.60300
----------------------------------------------------------------
0 0031032345 MORTGAGORS: HOULDER CLIFFORD
GOSS-HOULDER MARY
REGION CODE ADDRESS : 201 TIMBERLANE ROAD
01 CITY : GRETNA
STATE/ZIP : LA 70056
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,334,650.00
P & I AMT: 9,759.92
UPB AMT: 1,333,535.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 166
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031032428 MORTGAGORS: MURDOCH JOHN
REGION CODE ADDRESS : 2755 SILVER OAK TERRACE
01 CITY : MARION
STATE/ZIP : IA 52302
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,544.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
0 0031032576 MORTGAGORS: DE FEO MICHAEL
DE FEO LUCY
REGION CODE ADDRESS : 34 HARRISON COURT
01 CITY : WEST PATERSON
STATE/ZIP : NJ 07424
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,059.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,248.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031032600 MORTGAGORS: WILLIAMSON ROBERT
OWNBEY DONNA
REGION CODE ADDRESS : 5203 FOOTHILL RANCH ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.25900
----------------------------------------------------------------
0 0031032634 MORTGAGORS: CLUXTON ERIC
CLUXTON DANA
REGION CODE ADDRESS : 2716 BROADMORE LANE
01 CITY : WESTLAKE
STATE/ZIP : OH 44145
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,765.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031032691 MORTGAGORS: LIBERTI VINCENT
TENERELLI STELLA
REGION CODE ADDRESS : 4 HILARY WAY
01 CITY : EASTCHESTER
STATE/ZIP : NY 10707
MORTGAGE AMOUNT : 391,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,963.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,007.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,704,450.00
P & I AMT: 12,423.32
UPB AMT: 1,703,056.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 167
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031032808 MORTGAGORS: O'CONNELL JOHN
O'CONNELL KATHERINE
REGION CODE ADDRESS : 732 9TH STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 447,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,707.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,318.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.73900
----------------------------------------------------------------
0 0031032980 MORTGAGORS: DIELMAN NELS
ZUMEL MICHELE
REGION CODE ADDRESS : 9123 HARGIS STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 233,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,593.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031033186 MORTGAGORS: SKRAMSTAD TROND
REGION CODE ADDRESS : 170 CLAYBROOK ROAD
01 CITY : DOVER
STATE/ZIP : MA 02030
MORTGAGE AMOUNT : 496,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 496,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,510.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031033236 MORTGAGORS: PARKER DONALD
REGION CODE ADDRESS : 15665 SOUTH 5TH STREET
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 298,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,843.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,298.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.99300
----------------------------------------------------------------
0 0031033673 MORTGAGORS: DEITCHER MICHAEL
ZEMSER AMY
REGION CODE ADDRESS : 518 EDNA STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94112
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,715,700.00
P & I AMT: 12,583.65
UPB AMT: 1,713,979.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 168
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031033707 MORTGAGORS: MYERS JAMES
REGION CODE ADDRESS : 6 GOODWIN PLACE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,798.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,470.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.85200
----------------------------------------------------------------
0 0031033749 MORTGAGORS: HIBLER THOMAS
HIBLER KIMBERLY
REGION CODE ADDRESS : 28662 AVENIDA PLACIDA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 378,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,839.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,741.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031033772 MORTGAGORS: UPSHAW GERALD
UPSHAW JULIANNE
REGION CODE ADDRESS : 7037 VIA DEL RIO
01 CITY : SAN JOSE
STATE/ZIP : CA 95139
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,860.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 77.44100
----------------------------------------------------------------
0 0031033822 MORTGAGORS: GRIFFIN NILS
GRIFFIN JENNIFER
REGION CODE ADDRESS : 27811 CAMINO DEL RIO
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 221,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,067.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.97900
----------------------------------------------------------------
0 0031033830 MORTGAGORS: CERUTTI KEVIN
ROLLINS ROBYN
REGION CODE ADDRESS : 6147 RUNNING SPRINGS ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 420,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,919.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,048.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.97905
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,574,650.00
P & I AMT: 11,709.28
UPB AMT: 1,572,485.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 169
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031033897 MORTGAGORS: COBB ROBERT
COBB LOUISE
REGION CODE ADDRESS : 162 LAGUNITAS COURT
01 CITY : APTOS
STATE/ZIP : CA 95003
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.87500
----------------------------------------------------------------
0 0031033921 MORTGAGORS: DOLGOV GEORGE
DOLGOV LYDIA
REGION CODE ADDRESS : 314 HEYWOOD DRIVE
01 CITY : PARAMUS
STATE/ZIP : NJ 07652
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,682.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.51500
----------------------------------------------------------------
0 0031033996 MORTGAGORS: GALLUP CHARLES
MURPHY MATTHEW
REGION CODE ADDRESS : 3750 ZENITH AVENUE SOUTH
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55410
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031034317 MORTGAGORS: HOWARD DAVID
HOWARD SHARON
REGION CODE ADDRESS : 626 GOLDPOINT TRACE
01 CITY : WOODSTOCK
STATE/ZIP : GA 30189
MORTGAGE AMOUNT : 273,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,302.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,935.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031034473 MORTGAGORS: SHAPIRO JASON
SHAPIRO JOYCE
REGION CODE ADDRESS : 20 LATIMORE WAY
01 CITY : OWINGS MILLS
STATE/ZIP : MD 21117
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,622.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 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: 1,589,500.00
P & I AMT: 11,351.32
UPB AMT: 1,588,021.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 170
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031034481 MORTGAGORS: BURGESS RICHARD
BURGESS REBA
REGION CODE ADDRESS : 1626 OAK RIDGE DRIVE
01 CITY : CORINTH
STATE/ZIP : TX 76205
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,850.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,986.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031034960 MORTGAGORS: MURPHY KIM
REGION CODE ADDRESS : 3572 ALKIRST COURT
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,759.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 79.72600
----------------------------------------------------------------
0 0031035132 MORTGAGORS: SPARKS DANIEL
SPARKS JAMIE
REGION CODE ADDRESS : 2641 MAIN WAY DRIVE
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
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 : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031035512 MORTGAGORS: GRAHAM BARRY
COLVERT ADRIENNE
REGION CODE ADDRESS : 570 SIERRA STREET
01 CITY : MOSS BEACH
STATE/ZIP : CA 94038
MORTGAGE AMOUNT : 302,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,175.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031035520 MORTGAGORS: WARNER RICHARD
WARNER MALENKA
REGION CODE ADDRESS : 1343 HOLLY BANK CIRCLE
01 CITY : DUNWOODY
STATE/ZIP : GA 30338
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,765.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,507,400.00
P & I AMT: 10,996.04
UPB AMT: 1,505,383.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 171
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031035579 MORTGAGORS: FERRARI FREDERICK
FERRARI PATRICIA
REGION CODE ADDRESS : 401 O'ERMEAD LANE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,850.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.62700
----------------------------------------------------------------
0 0031035710 MORTGAGORS: WUSTHOLZ FREDERICK
WUSTHOLZ MARIE
REGION CODE ADDRESS : 771 PENNS PARK ROAD
01 CITY : WRIGHTSTOWN
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 244,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,955.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 94.98000
----------------------------------------------------------------
0 0031035751 MORTGAGORS: WISHAN ERIC
REGION CODE ADDRESS : 210 W O'CONNOR STREET
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,849.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 55.89700
----------------------------------------------------------------
0 0031035876 MORTGAGORS: ZUCK GLENN
ZUCK GERI
REGION CODE ADDRESS : 1105 ATLANTIC AVENUE
01 CITY : LONGPORT
STATE/ZIP : NJ 08403
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 45.45400
----------------------------------------------------------------
0 0031036007 MORTGAGORS: MAGGIORE LEONARD
REGION CODE ADDRESS : 1825 BLOSSOM HILL ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,100.00
P & I AMT: 10,418.67
UPB AMT: 1,418,146.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 172
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031036130 MORTGAGORS: DE SOUZA MARCUS
DE SOUZA PAMELA
REGION CODE ADDRESS : 5223 SPALDING CT
01 CITY : BURKE
STATE/ZIP : VA 22015
MORTGAGE AMOUNT : 215,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,040.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,543.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.97900
----------------------------------------------------------------
0 0031036148 MORTGAGORS: FREED PHILLIP
FREED DEBORAH
REGION CODE ADDRESS : 5 DELLWOOD COURT
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 241,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,620.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.40000
----------------------------------------------------------------
0 0031036155 MORTGAGORS: KOSSACOFF ERNEST
RAWITT LOIS
REGION CODE ADDRESS : 23415 PALM DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,766.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,072.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 61.71800
----------------------------------------------------------------
0 0031036197 MORTGAGORS: HAAS ALBERT
REGION CODE ADDRESS : 62 MARSTON LANE
01 CITY : MOBILE
STATE/ZIP : AL 36608
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,536.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 52.50000
----------------------------------------------------------------
0 0031036304 MORTGAGORS: HOLDEN DAVID
HOLDEN KATHLEEN
REGION CODE ADDRESS : 627 SERRANO LANE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 258,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,167.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,850.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98511
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,446,650.00
P & I AMT: 10,593.93
UPB AMT: 1,445,131.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 173
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031036320 MORTGAGORS: WESTFALL CHARLES
WESTFALL SALLY
REGION CODE ADDRESS : 11745 BLIX STREET
01 CITY : VALLEY VILLAGE
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,786.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,427.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.31800
----------------------------------------------------------------
0 0031036452 MORTGAGORS: SMITH RENEE
SMITH DOUGLAS
REGION CODE ADDRESS : 222-224 30TH STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,752.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031036601 MORTGAGORS: FRELK JAMES
FRELK TRACY
REGION CODE ADDRESS : 1445 CLOVER CREEK DRIVE
01 CITY : LONGMONT
STATE/ZIP : CO 80503
MORTGAGE AMOUNT : 220,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,722.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.97900
----------------------------------------------------------------
0 0031036726 MORTGAGORS: MOSES DAVID
MOSES CINDY
REGION CODE ADDRESS : 1 WARRANT OFFICER BAUER LANE
01 CITY : ORANGEBURG
STATE/ZIP : NY 10962
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,664.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.11300
----------------------------------------------------------------
0 0031036759 MORTGAGORS: CALVERT WILLIAM
CALVERT JANET
REGION CODE ADDRESS : 7 SUSSEX AVENUE
01 CITY : BORO OF CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 67.60200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,672,950.00
P & I AMT: 12,361.80
UPB AMT: 1,671,925.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 174
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031036809 MORTGAGORS: ELLIOTT TIMOTHY
ELLIOTT SHARON
REGION CODE ADDRESS : 14545 MANOR ROAD
01 CITY : PHOENIX
STATE/ZIP : MD 21131
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,542.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/17
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031037021 MORTGAGORS: MORAN PAUL
MORAN LAURA
REGION CODE ADDRESS : 40 SLEEPY HOLLOW LANE
01 CITY : ORINDA
STATE/ZIP : CA 94563
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.11628
----------------------------------------------------------------
0 0031037039 MORTGAGORS: VANCHEESWARAN PRADEEP
PRADEEP SUDHA
REGION CODE ADDRESS : 16966 JEANINE PLACE
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 258,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,571.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,876.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031037047 MORTGAGORS: HALL GREGORY
HALL TERESA
REGION CODE ADDRESS : 621 SERRANO LANE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 248,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0031037070 MORTGAGORS: MCGLINN MICHAEL
MCGLINN DONNA
REGION CODE ADDRESS : 1320 OLD MILL ROAD
01 CITY : WYOMISSING
STATE/ZIP : PA 19610
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,531.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,093.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.93400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,691,600.00
P & I AMT: 12,236.63
UPB AMT: 1,690,496.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 175
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031037096 MORTGAGORS: WU CHING-CHEN
YANG BIH-YUAN
REGION CODE ADDRESS : 1053 HOUSTON CIRCLE
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 230,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,945.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
0 0031037112 MORTGAGORS: DECKER STEVEN
DECKER GINGER
REGION CODE ADDRESS : 3849 RAWHIDE ROAD
01 CITY : ROCKLIN
STATE/ZIP : CA 95677
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,783.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.77700
----------------------------------------------------------------
0 0031037153 MORTGAGORS: DAVIS JEFFREY
CLARK ROSEANNE
REGION CODE ADDRESS : 1034 HILLSIDE AVENUE
01 CITY : MADISON
STATE/ZIP : WI 53705
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.72800
----------------------------------------------------------------
0 0031037229 MORTGAGORS: JONES ROBERT
LIENHART SHANNON
REGION CODE ADDRESS : 753 LAZY CIRCLE DRIVE
01 CITY : VISTA
STATE/ZIP : CA 92083
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031037237 MORTGAGORS: FIUMARA JAMES
FIUMARA ROSEMARY
REGION CODE ADDRESS : 31 MAPLE LANE
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,795.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.32300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,319,100.00
P & I AMT: 9,532.79
UPB AMT: 1,318,185.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 176
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031037245 MORTGAGORS: HUGHES LAURA
HUGHES GEORGE
REGION CODE ADDRESS : 25998 ROSE LANE
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 226,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,077.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,562.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.33300
----------------------------------------------------------------
0 0031037260 MORTGAGORS: KELLER KEVIN
KALLINS LAUREN
REGION CODE ADDRESS : 209 GLYNDON MEADOW ROAD
01 CITY : REISTERTOWN
STATE/ZIP : MD 21136
MORTGAGE AMOUNT : 268,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,750.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.70500
----------------------------------------------------------------
0 0031037278 MORTGAGORS: MORITA MASAYUKI
MORITA HARUMI
REGION CODE ADDRESS : 704 MATADERO AVENUE
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 530,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 530,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,848.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.61700
----------------------------------------------------------------
0 0031037443 MORTGAGORS: SWANSON PAUL
SWANSON ANN
REGION CODE ADDRESS : 10854 SUSIE LANE
01 CITY : SANTEE
STATE/ZIP : CA 92071
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,572.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031037575 MORTGAGORS: ROBINSON JAMES
ROBINSON ALEXANDRA
REGION CODE ADDRESS : 1033 PARK MEADOWS ROAD
01 CITY : CHULA VISTA
STATE/ZIP : CA 91915
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,103.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,000.00
P & I AMT: 10,753.06
UPB AMT: 1,500,304.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 177
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031038342 MORTGAGORS: ARTIDIELLO EDWARD
ARTIDIELLO JANICE
REGION CODE ADDRESS : 715 GATE POST DRIVE
01 CITY : MT PLEASANT
STATE/ZIP : SC 29464
MORTGAGE AMOUNT : 221,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,036.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,585.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031038359 MORTGAGORS: FLEMING WILLIAM
FLEMING MARY
REGION CODE ADDRESS : 15115 WINDY HOLLOW CIRCLE
01 CITY : GAINESVILLE
STATE/ZIP : VA 20155
MORTGAGE AMOUNT : 221,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,635.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,590.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.67600
----------------------------------------------------------------
0 0031038409 MORTGAGORS: PINNEY JOSEPH
PINNEY DEBORAH
REGION CODE ADDRESS : #5 SILVERWOOD CT
01 CITY : NORTH LITTLE ROCK
STATE/ZIP : AR 72116
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,580.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031038532 MORTGAGORS: SHERIDAN GREGORY
REGION CODE ADDRESS : 25518 242ND PLACE SOUTHEAST
01 CITY : MAPLE VALLEY
STATE/ZIP : WA 98038
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,775.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.48100
----------------------------------------------------------------
0 0031038599 MORTGAGORS: COOPER RONALD
COOPER CHRISTINA
REGION CODE ADDRESS : 454 HILLCREST ROAD
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 556,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 555,626.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,079.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 57.26000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,584,300.00
P & I AMT: 11,349.12
UPB AMT: 1,582,654.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 178
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031038748 MORTGAGORS: JOHNSON BOB
JOHNSON STEPHANIE
REGION CODE ADDRESS : 8 SEABRIDGE ROAD
01 CITY : LAUGNA NIGUEL
STATE/ZIP : CA 92677
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031038763 MORTGAGORS: NAIMAN GREGORY
NAIMAN DEBORAH
REGION CODE ADDRESS : 5301 EAST BROADWAY
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.82600
----------------------------------------------------------------
0 0031038771 MORTGAGORS: DUNN SCOTT
DUNN REGINA
REGION CODE ADDRESS : 2400 RUSTIC OAK LANE
01 CITY : AUSTIN
STATE/ZIP : TX 78748
MORTGAGE AMOUNT : 96,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,933.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 696.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031038805 MORTGAGORS: ARATA DANIEL
ARATA JANICE
REGION CODE ADDRESS : 4866 CALLE DE ORO
01 CITY : OAKLEY
STATE/ZIP : CA 94561
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,767.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,635.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.77500
----------------------------------------------------------------
0 0031038912 MORTGAGORS: HANCOCK BRYAN
REGION CODE ADDRESS : 810 DETROIT STREET
01 CITY : DENVER
STATE/ZIP : CO 80206
MORTGAGE AMOUNT : 249,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,119.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,396,300.00
P & I AMT: 10,082.71
UPB AMT: 1,395,330.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 179
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031038946 MORTGAGORS: CREECH JOSEPH
CREECH TERESA
REGION CODE ADDRESS : 207 S. JOAN LANE
01 CITY : GILBERT
STATE/ZIP : AZ 85296
MORTGAGE AMOUNT : 338,980.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,752.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,487.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031038953 MORTGAGORS: SAMERA EDWARD
SAMERA SUSAN
REGION CODE ADDRESS : N35 W7051 GREENWAY TERRACE
01 CITY : CEDARBURG
STATE/ZIP : WI 53012
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,538.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031038979 MORTGAGORS: SANBORN MARK
SANBORN KATHERINE
REGION CODE ADDRESS : 804 NORTH GRANDVIEW AVENUE
01 CITY : FULLERTON
STATE/ZIP : CA 92832
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,593.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031039126 MORTGAGORS: WAGNER JAMES
WAGNER DEBBIE
REGION CODE ADDRESS : 15906 ALDERSYDE DRIVE
01 CITY : SHAKER HEIGHTS
STATE/ZIP : OH 44120
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031039233 MORTGAGORS: POSNER RONALD
POSNER LINDA
REGION CODE ADDRESS : 2219 LANDERHAVEN COURT
01 CITY : MAYFIELD HEIGHTS
STATE/ZIP : OH 44124
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,828.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 49.80000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,264,730.00
P & I AMT: 9,161.41
UPB AMT: 1,264,174.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 180
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031039241 MORTGAGORS: KIPLEY RICHARD
KIPLEY NANCEE
REGION CODE ADDRESS : 10385 E DREYFUS AVENUE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,849.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031039274 MORTGAGORS: LABRIER BRENT
REGION CODE ADDRESS : 5714 E MONTEROSA STREET
01 CITY : PHOENIX
STATE/ZIP : AZ 85018
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031039357 MORTGAGORS: WATKINS JOHN
WATKINS SUZANNE
REGION CODE ADDRESS : 1 CRESTLINE COURT
01 CITY : OWINGS MILLS
STATE/ZIP : MD 21117
MORTGAGE AMOUNT : 488,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 488,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,454.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031039407 MORTGAGORS: GEORGIADES PANAYUITUS
GEORGIADES MARINA
REGION CODE ADDRESS : 58 WEST WILDWOOD ROAD
01 CITY : SADDLE RIVER
STATE/ZIP : NJ 07458
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,625.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.17100
----------------------------------------------------------------
0 0031039472 MORTGAGORS: NAM JAY
NAM GEORGE
REGION CODE ADDRESS : 3491 CLOVER OAK DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 298,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,199.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,758,400.00
P & I AMT: 12,667.90
UPB AMT: 1,757,869.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 181
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031039498 MORTGAGORS: ZUSMAN ROBERT
ZUSMAN GLORIA
REGION CODE ADDRESS : 5832 GRAVES AVENUE
01 CITY : ENCINO
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,869.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,274.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031039555 MORTGAGORS: LOHMANN RICHARD
LOHMANN KATHLEEN
REGION CODE ADDRESS : 25 POPE
01 CITY : LA HONDA
STATE/ZIP : CA 94020
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,615.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031039571 MORTGAGORS: HAYES LARRY
CHRISTENSEN LANE
REGION CODE ADDRESS : 13229 MIDDLE CANYON ROAD
01 CITY : CARMEL VALLEY
STATE/ZIP : CA 93924
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,666.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,381.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031040199 MORTGAGORS: KILEY ANTUAN
REGION CODE ADDRESS : 1149 SWEETBRIAR DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 366,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,041.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031040314 MORTGAGORS: TUN TIN
REGION CODE ADDRESS : 2155 BUCHANAN STREET #5
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94115
MORTGAGE AMOUNT : 326,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,175.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,366.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,613,500.00
P & I AMT: 11,595.34
UPB AMT: 1,612,368.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 182
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031040561 MORTGAGORS: SASSAN ARDESHIR
REGION CODE ADDRESS : 9422 BRIAN JAC LANE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,770.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.90400
----------------------------------------------------------------
0 0031040595 MORTGAGORS: ALBERTO J THOMAS
ALBERTO TERESA
REGION CODE ADDRESS : 4189 AMBER LEAF TRAIL
01 CITY : EAGAN
STATE/ZIP : MN 55123
MORTGAGE AMOUNT : 268,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,937.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.71400
----------------------------------------------------------------
0 0031040611 MORTGAGORS: BELL GORDON
BELL VALERIE
REGION CODE ADDRESS : 4608 NE SEABROOK LANE
01 CITY : LEE'S SUMMIT
STATE/ZIP : MO 64064
MORTGAGE AMOUNT : 346,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,196.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,453.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031040645 MORTGAGORS: BUSH DAVID
BUSH DEBORAH
REGION CODE ADDRESS : 5 DEROSIER DRIVE
01 CITY : MIDDLETON
STATE/ZIP : MA 01949
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,939.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.98400
----------------------------------------------------------------
0 0031040660 MORTGAGORS: MASTEL GLENN
HORDVIK MARIT
REGION CODE ADDRESS : 2710 LILAC LANE NE
01 CITY : FARGO
STATE/ZIP : ND 58102
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,558.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 82.10500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,544,200.00
P & I AMT: 11,035.64
UPB AMT: 1,541,401.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 183
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031040678 MORTGAGORS: MCCLOUD SHAWN
REGION CODE ADDRESS : 2270 NW IRVING ST
01 CITY : PORTLAND
STATE/ZIP : OR 97210
MORTGAGE AMOUNT : 245,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,334.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031040686 MORTGAGORS: THOMSON ROBERT
THOMSON LORRAINE
REGION CODE ADDRESS : 15865 SW BOBWHITE CIRCLE
01 CITY : BEAVERTON
STATE/ZIP : OR 97007
MORTGAGE AMOUNT : 254,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,889.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.21000
----------------------------------------------------------------
0 0031040785 MORTGAGORS: HERNANDEZ ABRAHAM
HERNANDEZ DIANE
REGION CODE ADDRESS : 6030 PAT AVENUE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 234,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,184.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.44000
----------------------------------------------------------------
0 0031040835 MORTGAGORS: WILLIAMS PETER
WILLIAMS NANCY
REGION CODE ADDRESS : 648 LOBOS STREET
01 CITY : MONTEREY
STATE/ZIP : CA 93940
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031040868 MORTGAGORS: GELLER JON
GELLER SALLY
REGION CODE ADDRESS : 378-A SUNSET WAY
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,658.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,344,300.00
P & I AMT: 9,638.53
UPB AMT: 1,343,408.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 184
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031040975 MORTGAGORS: GUYTON DOUGLAS
GUYTON KATHRYN
REGION CODE ADDRESS : 4831 ELKCREEK TRAIL
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031041015 MORTGAGORS: HENRY WALTER
HENRY ANN
REGION CODE ADDRESS : 3738 SUNSET KNOLLS DRIVE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.22388
----------------------------------------------------------------
0 0031041122 MORTGAGORS: KIRKHAM MARY
ROSSMAN ROBIN
REGION CODE ADDRESS : 425 BOHEMIAN HIGHWAY
01 CITY : FREESTONE
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,689.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031041155 MORTGAGORS: TEUTHORN DANIEL
TEUTHORN KAREN
REGION CODE ADDRESS : 3300 MONTECITO DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 303,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,731.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,198.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99208
----------------------------------------------------------------
0 0031041163 MORTGAGORS: LAYTON DANIEL
LAYTON MARY
REGION CODE ADDRESS : 3121 STROLLING HILLS ROAD
01 CITY : CAMERON PARK
STATE/ZIP : CA 95682
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,826.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,332,150.00
P & I AMT: 9,581.45
UPB AMT: 1,330,676.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 185
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031041346 MORTGAGORS: NGUYEN TUNG
NGUYEN THOA
REGION CODE ADDRESS : 2655 NORTH MERIDIAN
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,751.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041353 MORTGAGORS: MILLER MICHAEL
MILLER LINDA
REGION CODE ADDRESS : 4807 JUNIPER DRIVE
01 CITY : PALM HARBOR
STATE/ZIP : FL 34685
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,622.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041361 MORTGAGORS: MILLER JULIA
REGION CODE ADDRESS : 15 PINE CIRCLE NORTH
01 CITY : BELLEAIR
STATE/ZIP : FL 34616
MORTGAGE AMOUNT : 218,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,066.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,508.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041486 MORTGAGORS: SIEGFRIED CHARLOTTE
REGION CODE ADDRESS : 28 MARINERO CIRCLE #21
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.14200
----------------------------------------------------------------
0 0031041627 MORTGAGORS: TODD JOHN
PINZA-TODD MARA
REGION CODE ADDRESS : 738 NORTH 84TH STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98103
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,865.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,467.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,260,400.00
P & I AMT: 8,879.77
UPB AMT: 1,259,306.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 186
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031041718 MORTGAGORS: CHEN YONG
CHEN CHIA-LING
REGION CODE ADDRESS : 4537 GLENVILLE DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,813.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041817 MORTGAGORS: WEI TERESA
REGION CODE ADDRESS : 101 LOMBARD # 312
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,785.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041841 MORTGAGORS: MC DONALD THOMAS
MC DONALD DONNA
REGION CODE ADDRESS : 6312 LINCOLNIA ROAD
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22312
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,513.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031041866 MORTGAGORS: PATEL SAMIT
REGION CODE ADDRESS : 23962 BROADHORN DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041965 MORTGAGORS: JOINER STEPHEN
JOINER KATHLEEN
REGION CODE ADDRESS : 49 VALLEY ESTATES DRIVE
01 CITY : LITTLE ROCK
STATE/ZIP : AR 72212
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,813.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.23400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,750.00
P & I AMT: 10,522.76
UPB AMT: 1,468,709.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 187
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031041973 MORTGAGORS: WOOD CHRISTOPHER
WOOD LAURIE
REGION CODE ADDRESS : 6665 NW DIAMOND PLACE
01 CITY : CORVALLIS
STATE/ZIP : OR 97330
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,487.80 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 0031041981 MORTGAGORS: HANSON JEFFREY
HANSON LINDA
REGION CODE ADDRESS : 22505 NE 2 ST
01 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 318,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,837.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,252.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0031042039 MORTGAGORS: SOUTHGATE RANDY
SOUTHGATE LORAINE
REGION CODE ADDRESS : 13952 DUBLIN RD
01 CITY : APPLE VALLEY
STATE/ZIP : MN 55124
MORTGAGE AMOUNT : 233,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,869.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031042062 MORTGAGORS: KOLLSCHEGG HANS
KOLLSCHEGG MARY
REGION CODE ADDRESS : 4125 VALLEY LEE COURT
01 CITY : PRINCE FREDERICK
STATE/ZIP : MD 20678
MORTGAGE AMOUNT : 246,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,532.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031042153 MORTGAGORS: EWALD SPENCER
EWALD KAREN
REGION CODE ADDRESS : 34 DAFFODIL ROAD
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.81500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,442,400.00
P & I AMT: 10,101.78
UPB AMT: 1,440,727.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 188
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031042195 MORTGAGORS: ROTA ROBERT
ROTA DEBRA
REGION CODE ADDRESS : 2915 RUSTSTONE COURT
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80919
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,743.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.65656
----------------------------------------------------------------
0 0031042203 MORTGAGORS: MASRI AHMED
MASRI CHRISTINA
REGION CODE ADDRESS : 118 46TH STREET
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,519.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031042237 MORTGAGORS: HARTOUNIAN HARTOUN
REGION CODE ADDRESS : 4264 CORTE FAVOR
01 CITY : SAN DIEGO
STATE/ZIP : CA 92310
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 83.78300
----------------------------------------------------------------
0 0031042278 MORTGAGORS: JONES H
REGION CODE ADDRESS : 23360 MAIN STREET
01 CITY : MONTROSE
STATE/ZIP : AL 36559
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031042443 MORTGAGORS: POAGE ROBERT
POAGE DOROTHY
REGION CODE ADDRESS : 4225 WILD OAT WAY
01 CITY : ROSEVILLE
STATE/ZIP : CA 95747
MORTGAGE AMOUNT : 400,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,918.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,834.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,751,500.00
P & I AMT: 12,417.90
UPB AMT: 1,750,401.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 189
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031042666 MORTGAGORS: AHLERING JOSEPH
AHLERING PATRICIA
REGION CODE ADDRESS : 143 CAMINO DEL SOL
01 CITY : VALLEJO
STATE/ZIP : CA 94591
MORTGAGE AMOUNT : 285,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,043.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,018.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031042690 MORTGAGORS: MESSICK KENNETH
MESSICK KIMBERLEE
REGION CODE ADDRESS : 27600 WEST SHORE ROAD
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 261,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031042708 MORTGAGORS: TIEDEMAN JEFFREY
TIEDEMAN DEBRA
REGION CODE ADDRESS : 5526 RAINBOW CIRCLE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95409
MORTGAGE AMOUNT : 238,402.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,229.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031042724 MORTGAGORS: BLUM LEW
BLUM CORRINE
REGION CODE ADDRESS : 520 CALLE CUADRA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,824.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.49200
----------------------------------------------------------------
0 0031042740 MORTGAGORS: BEINLICH CRAIG
BEINLICH MARGARET
REGION CODE ADDRESS : 19275 EAST CANYON DRIVE
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,779.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,158.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.76400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,358,252.00
P & I AMT: 9,706.64
UPB AMT: 1,357,476.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 190
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031042849 MORTGAGORS: FINNIGAN RICHARD
FINNIGAN LISA
REGION CODE ADDRESS : 16606 N 104TH STREET
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 243,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,682.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0031042880 MORTGAGORS: ELARBI ELAMIN
ELDHARRAT AMAL
REGION CODE ADDRESS : 764 JUSTUS BARBER DRIVE
01 CITY : KING OF PRUSSIA
STATE/ZIP : PA 19406
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,333.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,509.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031042971 MORTGAGORS: GOFF RUSSELL
GOFF BERNADINE
REGION CODE ADDRESS : 5815 SOUTH ENSENADA STREET
01 CITY : AURORA
STATE/ZIP : CO 80015
MORTGAGE AMOUNT : 221,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,036.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,585.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031042997 MORTGAGORS: SANDERS RICHARD
SANDERS STEPHANIE
REGION CODE ADDRESS : 8217 PRESIDIO DRIVE
01 CITY : FRISCO
STATE/ZIP : TX 75034
MORTGAGE AMOUNT : 119,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 118,968.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 863.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99059
----------------------------------------------------------------
0 0031043151 MORTGAGORS: MIRADOR ROGELIO
MIRADOR ARNOLD
REGION CODE ADDRESS : 3767 CHAMBERY COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 234,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,900.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,759.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,036,950.00
P & I AMT: 7,485.67
UPB AMT: 1,035,920.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 191
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031043318 MORTGAGORS: MICHEL ROBERT
MICHEL MARYBETH
REGION CODE ADDRESS : 37 PINEWOOD
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 236,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,637.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031043441 MORTGAGORS: OLIVER MARK
REGION CODE ADDRESS : 5815 CAMINITO DEL ESTIO
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
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 : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031043573 MORTGAGORS: KIM WON
REGION CODE ADDRESS : 328 SOUTH SYCAMORE AVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 281,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,501.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,018.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031043631 MORTGAGORS: DONOHUE GERARD
DONOHUE JULIE
REGION CODE ADDRESS : 20 HILLSIDE DRIVE
01 CITY : LAS FLORES AREA, ORANGE C
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 289,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,400.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98500
----------------------------------------------------------------
0 0031043680 MORTGAGORS: BROSTROM FORREST
BROSTROM JOSEFINA
REGION CODE ADDRESS : 646 SOUTH CITRUS AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,261.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,465,600.00
P & I AMT: 10,628.81
UPB AMT: 1,464,591.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 192
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031043748 MORTGAGORS: MCCRACKEN JOHN
MCCRACKEN KAREN
REGION CODE ADDRESS : 4320 AUBURN DRIVE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 234,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,584.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.39300
----------------------------------------------------------------
0 0031043763 MORTGAGORS: CARR STEVEN
CARR DEBORAH
REGION CODE ADDRESS : 1051 VALLEY ROAD
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.96900
----------------------------------------------------------------
0 0031043813 MORTGAGORS: KOWAL DANIEL
KOWAL HELEN
REGION CODE ADDRESS : 4149 IRONWOOD AVENUE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 234,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,338.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.06000
----------------------------------------------------------------
0 0031043821 MORTGAGORS: WHITESIDE WILLIAM
WHITESIDE JULIE
REGION CODE ADDRESS : 13851 WINTHROPE STREET
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,533.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031043870 MORTGAGORS: KOIFMAN ELLEN
KOIFMAN MICHAEL
REGION CODE ADDRESS : 54 DOCKSIDE CIRCLE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,786.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,516.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 57.26400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,355,250.00
P & I AMT: 9,795.17
UPB AMT: 1,354,243.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 193
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031044043 MORTGAGORS: BOKER STEVEN
BOKER EVA
REGION CODE ADDRESS : 25231 SAGECREST CIRCLE
01 CITY : NEWHALL
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 206,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 205,947.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,441.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031044076 MORTGAGORS: KELLY TERRENCE
KELLY HEIDI
REGION CODE ADDRESS : 6 MAPLE LANE
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,584.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031044126 MORTGAGORS: FARRELL DENNIS
FARRELL CHARLENE
REGION CODE ADDRESS : 29 MANORWOOD
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,261.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,512.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.00000
----------------------------------------------------------------
0 0031044134 MORTGAGORS: STARRY KURTIS
STARRY MARY
REGION CODE ADDRESS : 352 LA MESA AVENUE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,787.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,318.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031044258 MORTGAGORS: O'BRIEN SEAN
O'BRIEN SANDRA
REGION CODE ADDRESS : 220 EDEN BRIDGE PLACE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 328,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,567.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,355.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,400.00
P & I AMT: 10,506.36
UPB AMT: 1,468,149.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 194
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031044282 MORTGAGORS: MININSOHN STACEY
REGION CODE ADDRESS : CLOSTER DOCK ROAD
01 CITY : ALPINE
STATE/ZIP : NJ 07620
MORTGAGE AMOUNT : 187,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 187,380.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,408.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 65.21700
----------------------------------------------------------------
0 0031044324 MORTGAGORS: UCHINO BRIAN
UCHINO VICKI
REGION CODE ADDRESS : 1348 MARLIN AVE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,763.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.80400
----------------------------------------------------------------
0 0031044340 MORTGAGORS: LOPEZ ROMA
LOPEZ EDUARDO
REGION CODE ADDRESS : 16 ROCKLEDGE ROAD
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07042
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,812.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031044381 MORTGAGORS: CUNEO MICHAEL
REGION CODE ADDRESS : 2316 CORONET BLVD
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,764.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.51200
----------------------------------------------------------------
0 0031044415 MORTGAGORS: PIOTRASZEWSKI NOEMI
PIOTRASZEWSKI ESTEBAN
REGION CODE ADDRESS : 5417 VENTURA CANYON AVENUE
01 CITY : (SHERMAN OAKS AREA) LOS A
STATE/ZIP : CA 91401
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,838.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,759.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,312,500.00
P & I AMT: 9,343.12
UPB AMT: 1,311,559.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 195
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031044480 MORTGAGORS: DAVIS ALMER
HEAP-DAVIS BEVERLY
REGION CODE ADDRESS : 6127 PARK CREST DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 281,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,811.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.93800
----------------------------------------------------------------
0 0031044506 MORTGAGORS: ATTWOOD SCOTT
REGION CODE ADDRESS : 7918 LAKEVIEW DRIVE
01 CITY : LEANDER
STATE/ZIP : TX 78641
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.45700
----------------------------------------------------------------
0 0031044514 MORTGAGORS: RENNELL JOHN
REEVES JULIET
REGION CODE ADDRESS : 6950 OLDE ALANTA PARKWAY
01 CITY : SUWANEE
STATE/ZIP : GA 30024
MORTGAGE AMOUNT : 311,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,168.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
0 0031044555 MORTGAGORS: GUALCO FREDERICK
REGION CODE ADDRESS : 1154 VILLAGE DRIVE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,844.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 86.20689
----------------------------------------------------------------
0 0031044571 MORTGAGORS: MANNA STEVEN
MANNA ANDREA
REGION CODE ADDRESS : 7255 LASCALA DRIVE
01 CITY : HUDSON
STATE/ZIP : OH 44236
MORTGAGE AMOUNT : 226,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,071.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.45 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: 1,369,000.00
P & I AMT: 9,842.27
UPB AMT: 1,367,679.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 196
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031044605 MORTGAGORS: SALONEK THOMAS
SALONEK LINDA
REGION CODE ADDRESS : 229 STATION LANE NORTH
01 CITY : HUDSON
STATE/ZIP : WI 54016
MORTGAGE AMOUNT : 252,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,160.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.16600
----------------------------------------------------------------
0 0031044621 MORTGAGORS: KELLER WILLIAM
KELLER LYNDA
REGION CODE ADDRESS : 1160 STATFORD WAY
01 CITY : TAHOE VISTA
STATE/ZIP : CA 96148
MORTGAGE AMOUNT : 244,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,168.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.85454
----------------------------------------------------------------
0 0031044688 MORTGAGORS: DETWEILER JEFFREY
DETWEILER LAURA
REGION CODE ADDRESS : 2568 COBBLECREEK COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 221,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,239.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,567.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.84500
----------------------------------------------------------------
0 0031044696 MORTGAGORS: HAMMOND EVANS
HAMMOND PAMELA
REGION CODE ADDRESS : 2029 PETERSBURG WAY
01 CITY : LODI
STATE/ZIP : CA 95242
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031044720 MORTGAGORS: APPEL JAMES
HOGAN KATHLEEN
REGION CODE ADDRESS : 244 CHURCHILL STREET
01 CITY : WINNETKA
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,330,750.00
P & I AMT: 9,569.41
UPB AMT: 1,329,872.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 197
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031044779 MORTGAGORS: SCHWARTZ JERRY
SCHWARTZ SIMONE
REGION CODE ADDRESS : 38 PHEASANT RIDGE DRIVE
01 CITY : HENDERSON
STATE/ZIP : NV 89014
MORTGAGE AMOUNT : 355,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,255.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,577.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031044829 MORTGAGORS: ARICO VINCENT
ARICO LISA
REGION CODE ADDRESS : 41 SORBONNE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.42100
----------------------------------------------------------------
0 0031044837 MORTGAGORS: LEVINE MICHAEL
LEVINE LORI
REGION CODE ADDRESS : 1029 SANTA ANA STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,309.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031044852 MORTGAGORS: CROASDALE FRANK
CROASDALE MICHELLE
REGION CODE ADDRESS : 1200 VIA LANDETA
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 399,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,911.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,825.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031044860 MORTGAGORS: SHUTTS DAVID
SHUTTS MONICA
REGION CODE ADDRESS : 21686 CALLE ALCAZAR
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,822.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,581,200.00
P & I AMT: 11,419.31
UPB AMT: 1,580,102.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 198
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031044886 MORTGAGORS: LARON ISIDRO
LARON TERESITA
REGION CODE ADDRESS : 52 CORTADERIA COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 421,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,209.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,056.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.94700
----------------------------------------------------------------
0 0031044902 MORTGAGORS: HUYNH MINH
HUYNH BINH
REGION CODE ADDRESS : 1451 STUBBINS WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.33300
----------------------------------------------------------------
0 0031045008 MORTGAGORS: MULKEY JAMES
MULKEY TERRESA
REGION CODE ADDRESS : 3806 KENORA COURT
01 CITY : AUSTIN
STATE/ZIP : TX 78735
MORTGAGE AMOUNT : 253,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,066.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.88900
----------------------------------------------------------------
0 0031045024 MORTGAGORS: TURANO JOHN
TURANO MARIELLEN
REGION CODE ADDRESS : 8 JORDANNA COURT
01 CITY : TWP OF BEDMINSTER
STATE/ZIP : NJ 07921
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.63600
----------------------------------------------------------------
0 0031045081 MORTGAGORS: MCGRATH TERRY
MCGRATH JANIS
REGION CODE ADDRESS : 6954 S OLYMPUS DRIVE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.48400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,609,750.00
P & I AMT: 11,669.56
UPB AMT: 1,609,276.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 199
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031045198 MORTGAGORS: DUCOTE G
DUCOTE JAWAN
REGION CODE ADDRESS : 18222 S. MISSION HILLS AVE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,717.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 52.70000
----------------------------------------------------------------
0 0031045255 MORTGAGORS: LOUIE ELAINE
REGION CODE ADDRESS : 575 MERRIEWOOD DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,802.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.29200
----------------------------------------------------------------
0 0031045339 MORTGAGORS: PRIER ROBERT
PRIER JOANNE
REGION CODE ADDRESS : 155 RIVERSIDE AVENUE
01 CITY : GREENWICH
STATE/ZIP : CT 06878
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,758.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031045354 MORTGAGORS: LEE JAMES
LEE GERI
REGION CODE ADDRESS : 7000 CRESTVIEW LANE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 401,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,709.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,838.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031045404 MORTGAGORS: RAUSCHENBACH KURT
RAUSCHENBACH KRISTIN
REGION CODE ADDRESS : 36 BATTLE FLAGG ROAD
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 431,520.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,520.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,091.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,888,520.00
P & I AMT: 13,560.27
UPB AMT: 1,887,749.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 200
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031045420 MORTGAGORS: BROOKS JAMIE
LAU RONALD
REGION CODE ADDRESS : 818 COURTENAY DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30306
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031045461 MORTGAGORS: DELGADO FEDERICO
GARCIA-DELGADO CECILIA
REGION CODE ADDRESS : 4012 LITTLE LANE
01 CITY : EL PASO
STATE/ZIP : TX 79922
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,690.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031045479 MORTGAGORS: MADARA JOHN
MADARA PATRICIA
REGION CODE ADDRESS : 18 HOUNDS TOOTH LANE
01 CITY : CHESTER SPRINGS
STATE/ZIP : PA 19425
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 51.37600
----------------------------------------------------------------
0 0031045594 MORTGAGORS: CHILDERS THOMAS
HALL JOHN
REGION CODE ADDRESS : 125 LAKE DRIVE
01 CITY : REHOBOTH BEACH
STATE/ZIP : DE 19971
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 49.18000
----------------------------------------------------------------
0 0031045735 MORTGAGORS: KOBRINE ROBERT
KOBRINE SANDIE
REGION CODE ADDRESS : 44 OAKHURST ROAD
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 252,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,017.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,559,200.00
P & I AMT: 11,348.99
UPB AMT: 1,559,017.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 201
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031045776 MORTGAGORS: MC KAY DONALD
MC KAY ELAINE
REGION CODE ADDRESS : 7990 CAMINO TASSAJARA
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 530,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 529,616.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,751.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.57100
----------------------------------------------------------------
0 0031045826 MORTGAGORS: YELLICK CRAIG
YELLICK HEATHER
REGION CODE ADDRESS : 8168 ANTRIM COVE
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 293,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,382.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.06800
----------------------------------------------------------------
0 0031045909 MORTGAGORS: MONTY BARBARA
MONTALVO ANN
REGION CODE ADDRESS : 796 BEECHNUT COURT
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031045925 MORTGAGORS: OFFENBERGER JACOB
REGION CODE ADDRESS : 2469 BANYAN DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 469,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,677.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,400.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031046154 MORTGAGORS: LYONS GLENN
LYONS ANTOINETTE
REGION CODE ADDRESS : 1121 TALLEYRAND ROAD
01 CITY : WESTTOWN TOWNSHIP
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 215,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,190.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,544.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,772,250.00
P & I AMT: 12,618.30
UPB AMT: 1,770,675.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 202
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031046170 MORTGAGORS: JONDAHL L.
JONDAHL CAROLYN
REGION CODE ADDRESS : 13514 WISTERIA WAY DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22033
MORTGAGE AMOUNT : 231,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,306.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031046188 MORTGAGORS: LOURME JEROME
LOURME SUSAN
REGION CODE ADDRESS : 526 SELMART LANE
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 332,390.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,155.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031046246 MORTGAGORS: CARMICHAEL DAVID
CARMICHAEL MARIETTA
REGION CODE ADDRESS : 1539 PRINCETON DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 217,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,650.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,579.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031046303 MORTGAGORS: LEAVITT HAROLD
LIPMAN-BLUMEN JEAN
REGION CODE ADDRESS : 1520 E. CALIFORNIA BLVD.
01 CITY : PASADENA
STATE/ZIP : CA 91106
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 27.08333
----------------------------------------------------------------
0 0031046329 MORTGAGORS: SCHOEN LAURIE
REGION CODE ADDRESS : 2684 CAPELLA WAY
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 283,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,394.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,390,590.00
P & I AMT: 10,013.17
UPB AMT: 1,389,288.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 203
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031046352 MORTGAGORS: GINGRICH JEFFREY
GINGRICH JONI
REGION CODE ADDRESS : 6870 TIMBERWOOD 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 : 2,201.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031046436 MORTGAGORS: MILLER JOHN
MILLER JOAN
REGION CODE ADDRESS : 3605 VALE STATION ROAD
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 344,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,800.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031046451 MORTGAGORS: JACKSON MELVIN
JACKSON JUDY
REGION CODE ADDRESS : 15605 BLUE WILLOW LANE
01 CITY : ACCOKEEK
STATE/ZIP : MD 20607
MORTGAGE AMOUNT : 260,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,888.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031046642 MORTGAGORS: MCKIM BRAIN
MCKIM DOROTHY
REGION CODE ADDRESS : 15380 MICHAEL CREST DRIVE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 430,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,403.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,122.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
0 0031046675 MORTGAGORS: MEACHAM GREGORY
DUPART-MEACHAM ATHENA
REGION CODE ADDRESS : 209 TENBY COURT
01 CITY : ROSEVILLE
STATE/ZIP : CA 95747
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 : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.05300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,635,150.00
P & I AMT: 11,901.23
UPB AMT: 1,634,413.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 204
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031046717 MORTGAGORS: VOLLERO MARCO
VOLLERO WENDY
REGION CODE ADDRESS : 16 DITZEL FARM COURT
01 CITY : SCOTCH PLAINS
STATE/ZIP : NJ 07076
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,768.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031046782 MORTGAGORS: FIGARD STEVEN
FIGARD PAMELA
REGION CODE ADDRESS : LOT 43, BLK 205.13, SMITH COURT
01 CITY : TWP. OF HILLSBOROUGH
STATE/ZIP : NJ 08853
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.35600
----------------------------------------------------------------
0 0031046857 MORTGAGORS: SETTLES KIM
REGION CODE ADDRESS : 1706 ARLINGTON BLVD
01 CITY : EL CERRITO
STATE/ZIP : CA 94530
MORTGAGE AMOUNT : 233,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,343.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.90900
----------------------------------------------------------------
0 0031046923 MORTGAGORS: MILLER MIKE
REISS SHARRON
REGION CODE ADDRESS : 23475 SUNSET DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031047012 MORTGAGORS: SHALLY RUDOLPH
SHALLY CATHERINE
REGION CODE ADDRESS : 52 MILLBROOK ROAD
01 CITY : STAMFORD
STATE/ZIP : CT 06902
MORTGAGE AMOUNT : 333,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,364.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,389.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,529,100.00
P & I AMT: 10,890.57
UPB AMT: 1,528,201.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 205
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031047137 MORTGAGORS: SHAPIRO BARRY
FINA JOHN
REGION CODE ADDRESS : 3179 WOODPECKER LANE
01 CITY : PINETOP
STATE/ZIP : AZ 85935
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047236 MORTGAGORS: JOHNSON CHRISTOPHER
COLES KATHARINE
REGION CODE ADDRESS : 455 EAST NORTHMONT WAY
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84103
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,412.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.52800
----------------------------------------------------------------
0 0031047251 MORTGAGORS: FLEMING TIMOTHY
FLEMING BO
REGION CODE ADDRESS : 5790 VALLEY VIEW DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22310
MORTGAGE AMOUNT : 305,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,699.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0031047319 MORTGAGORS: EID ANDRE
EID RUTH
REGION CODE ADDRESS : 2751 WHEATFIELD CIRCLE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,846.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 79.44200
----------------------------------------------------------------
0 0031047350 MORTGAGORS: HONIG AUDREY
REGION CODE ADDRESS : 4500 WHITE OAK PLACE
01 CITY : ENCINO AREA
STATE/ZIP : CA 91316
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,442,900.00
P & I AMT: 10,395.57
UPB AMT: 1,442,148.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 206
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031047376 MORTGAGORS: BALBIERZ DANIEL
BALBIERZ LISA
REGION CODE ADDRESS : 973 CAMBRIDGE ROAD
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,786.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.94100
----------------------------------------------------------------
0 0031047384 MORTGAGORS: VATH JOEL
VATH WANDA
REGION CODE ADDRESS : 31371 CAMINO SANCHO
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.86300
----------------------------------------------------------------
0 0031047525 MORTGAGORS: LU KELVIN
LU UT
REGION CODE ADDRESS : 2930 VISTA CREEK DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047566 MORTGAGORS: WEISSENBORN MICHAEL
WEISSENBORN JENNIFER
REGION CODE ADDRESS : 13620 CHESTERFIELD
01 CITY : MOORPARK
STATE/ZIP : CA 93021
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047582 MORTGAGORS: DUPAS THEODORE
DUPAS EVANGELINE
REGION CODE ADDRESS : 3020 WELSH WAY
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 260,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 55.42500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,341,100.00
P & I AMT: 9,762.54
UPB AMT: 1,340,350.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 207
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031047590 MORTGAGORS: RAETHER SCOTT
RAETHER LINDA
REGION CODE ADDRESS : W 329 N 9286 WEST SHORE DR
01 CITY : MERTON
STATE/ZIP : WI 53029
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.81200
----------------------------------------------------------------
0 0031047632 MORTGAGORS: CHUNG ANN
KOUGH DOUGLAS
REGION CODE ADDRESS : 3655 WYNDHAM DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047657 MORTGAGORS: CHOKSHI HIMANSHU
CHOKSHI TEJAL
REGION CODE ADDRESS : 38642 PICKERING COURT
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 428,160.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,160.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,141.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047673 MORTGAGORS: CHRISTIAN ERIK
HIMELSTEIN JULIEANNE
REGION CODE ADDRESS : 5011 16TH STREET, N. W.
01 CITY : WASHINGTON
STATE/ZIP : DC 20011
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,736.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,576.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047699 MORTGAGORS: MILLETTE JAMES
MILLETTE MARY
REGION CODE ADDRESS : 13209 MORAN DRIVE
01 CITY : GAITHERSBERG
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 53.25000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,606,660.00
P & I AMT: 11,562.02
UPB AMT: 1,606,396.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 208
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031047731 MORTGAGORS: PATMORE KIMBERLY
REGION CODE ADDRESS : 104 HAWN DRIVE
01 CITY : FRISCO
STATE/ZIP : CO 80443
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047780 MORTGAGORS: BARNARD DUNCAN
BARNARD GILLIAN
REGION CODE ADDRESS : 10 MILL RIVER ROAD
01 CITY : NORFOLK
STATE/ZIP : MA 02056
MORTGAGE AMOUNT : 269,925.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,925.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.85900
----------------------------------------------------------------
0 0031047814 MORTGAGORS: DO FRANK
DO MELANIE
REGION CODE ADDRESS : 19 SUNRISE
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,675.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,170.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047996 MORTGAGORS: MILLER R
MILLER JAMIE
REGION CODE ADDRESS : 4717 LAKEHURST LANE
01 CITY : BELLEVUE
STATE/ZIP : WA 98006
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 36.00000
----------------------------------------------------------------
0 0031048143 MORTGAGORS: RODRIGUEZ EDGAR
RODRIGUEZ NANCY
REGION CODE ADDRESS : 23263 W LEA COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 256,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,100.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,644,225.00
P & I AMT: 11,634.13
UPB AMT: 1,643,223.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 209
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031048150 MORTGAGORS: BOGATZ GERRY
REGION CODE ADDRESS : 5924 HONEY HOLLOW ROAD
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,682.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.08300
----------------------------------------------------------------
0 0031048408 MORTGAGORS: AYLWARD DANIEL
AYLWARD DONNA
REGION CODE ADDRESS : 2901 CAPILANO COURT
01 CITY : FAIRFIELD
STATE/ZIP : CA 94533
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,842.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 61.84200
----------------------------------------------------------------
0 0031048424 MORTGAGORS: ENGLER TRENT
ENGLER CYNTHIA
REGION CODE ADDRESS : 6522 MCABEE ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 236,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,674.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.67000
----------------------------------------------------------------
0 0031048457 MORTGAGORS: BORSUM ANDREW
REGION CODE ADDRESS : 1742 REED STREET
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031048473 MORTGAGORS: BERGER STEVEN
BERGER BEATE
REGION CODE ADDRESS : 15875 EAGLE VIEW LANE
01 CITY : VALLEY CENTER
STATE/ZIP : CA 92082
MORTGAGE AMOUNT : 40,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 39,975.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 304.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 21.50500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,119,200.00
P & I AMT: 8,108.56
UPB AMT: 1,118,853.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 210
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031048507 MORTGAGORS: MIKELONIS LISA
ERKER CHRISTOPHER
REGION CODE ADDRESS : 863 BONDE COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 372,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,143.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,700.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031048515 MORTGAGORS: MAC KENZIE LAWRENCE
MAC KENZIE LYNDA
REGION CODE ADDRESS : 68 SCHOONER HILL
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031048580 MORTGAGORS: MENTE JAMES
MENTE JEANNE
REGION CODE ADDRESS : 2119 BRIDGEPORT WAY
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,798.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.20700
----------------------------------------------------------------
0 0031048713 MORTGAGORS: KAATZ WARD
KAATZ CHRISTINE
REGION CODE ADDRESS : 23125 57TH AVENUE SOUTHEAST
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 277,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,354.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0031048739 MORTGAGORS: WARMINGTON JAMES
WARMINGTON VICTORIA
REGION CODE ADDRESS : 307 FAIRWAY ROAD
01 CITY : SUN VALLEY
STATE/ZIP : ID 83353
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,000,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,077.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 32.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,263,950.00
P & I AMT: 16,141.32
UPB AMT: 2,263,296.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 211
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031048762 MORTGAGORS: JAEGER BRYAN
JAEGER ANN
REGION CODE ADDRESS : 3263 TAYLOR RD
01 CITY : CARMEL
STATE/ZIP : CA 93923
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 54.25900
----------------------------------------------------------------
0 0031048820 MORTGAGORS: AGUIAR BUDDY
COMBS LAURI
REGION CODE ADDRESS : 3701 KENORA COURT
01 CITY : AUSTIN
STATE/ZIP : TX 78733
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,772.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.92600
----------------------------------------------------------------
0 0031048960 MORTGAGORS: SHIPMAN GEORGE
SHIPMAN KRYSTYNA
REGION CODE ADDRESS : 5128 SOLAR HEIGHTS
01 CITY : EUGENE
STATE/ZIP : OR 97405
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031049067 MORTGAGORS: MURNANE DENISE
MURNANE CHARLES
REGION CODE ADDRESS : 14 MACINTYRE DRIVE
01 CITY : NORTH READING
STATE/ZIP : MA 01864
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,812.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.72500
----------------------------------------------------------------
0 0031049190 MORTGAGORS: FUKUDA SABURO
FUKUDA LUCILLE
REGION CODE ADDRESS : 539 12TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94118
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 56.19000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,509,000.00
P & I AMT: 10,927.40
UPB AMT: 1,508,169.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 212
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031049224 MORTGAGORS: RUIZ PETER
RUIZ KIMBERLY
REGION CODE ADDRESS : 9000 MONTMEDY COURT
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93311
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031049323 MORTGAGORS: MCKAY DAVID
MCKAY DEBORAH
REGION CODE ADDRESS : 20 COLUMBIA ROAD
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031049380 MORTGAGORS: ADLER JOHN
ADLER DEBRA
REGION CODE ADDRESS : 30 COLONIAL DRIVE EXTENSION
01 CITY : WESTFORD
STATE/ZIP : MA 01886
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031049430 MORTGAGORS: SECRIST KIM
REGION CODE ADDRESS : 523 WEST GRANDVIEW AVENUE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
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 : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031049570 MORTGAGORS: BAUTISTA LARRY
BAUTISTA RANDEE
REGION CODE ADDRESS : 7 GOOSEBERRY COURT
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 233,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,881.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,445,050.00
P & I AMT: 10,383.88
UPB AMT: 1,444,370.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 213
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031049596 MORTGAGORS: MORGAN MICHAEL
REGION CODE ADDRESS : 1032 RIO GRANDE
01 CITY : BENBROOK
STATE/ZIP : TX 76126
MORTGAGE AMOUNT : 59,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 58,956.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 412.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.72900
----------------------------------------------------------------
0 0031049612 MORTGAGORS: KOLESAR PETER
JOY-KOLESAR MARILYN
REGION CODE ADDRESS : 5115 E TOMAHAWK TRAIL
01 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031049638 MORTGAGORS: DOLCE GLENN
DOLCE LORI
REGION CODE ADDRESS : 177 SHELTER ROCK ROAD
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,204.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031049794 MORTGAGORS: LONGSTRETH WANDA
REGION CODE ADDRESS : 4865 SLOANE PLACE
01 CITY : NEW ALBANY
STATE/ZIP : OH 43054
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,323.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031049802 MORTGAGORS: DONG LARRY
DONG CYNTHIA
REGION CODE ADDRESS : 2700 CASA GRANDE COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.68800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,209,500.00
P & I AMT: 8,714.87
UPB AMT: 1,208,865.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 214
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031049828 MORTGAGORS: JONES RICHARD
REGION CODE ADDRESS : 709 HIBISCUS PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,844.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.45200
----------------------------------------------------------------
0 0031049851 MORTGAGORS: KELLY KEO
KELLY KOSAL
REGION CODE ADDRESS : 2402 SPRING STREET
01 CITY : DUNN LORING
STATE/ZIP : VA 22027
MORTGAGE AMOUNT : 256,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,209.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031049935 MORTGAGORS: HUGAR MICHAEL
REGION CODE ADDRESS : 1316 WILLIAM STREET
01 CITY : RIVER FOREST
STATE/ZIP : IL 60305
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,791.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 57.03700
----------------------------------------------------------------
0 0031050040 MORTGAGORS: NASSERI FRED
NASSERI MITRA
REGION CODE ADDRESS : 14220 PRIMROSE COURT
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,688.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,277.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050115 MORTGAGORS: WASHINGTON CALVIN
WASHINGTON JAMIE
REGION CODE ADDRESS : 3843 SOUTH MILL AVENUE
01 CITY : TEMPE
STATE/ZIP : AZ 85282
MORTGAGE AMOUNT : 61,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 61,167.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 497.94 OUTSIDE CONV DATE :
LIFETIME RATE : 9.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.12500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,386,600.00
P & I AMT: 10,061.91
UPB AMT: 1,385,910.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 215
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031050222 MORTGAGORS: DANNAN ANTHONY
DANNAN BARBARA
REGION CODE ADDRESS : 7516 GAINSFOND STREET
01 CITY : DOWNEY
STATE/ZIP : CA 90240
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,759.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050248 MORTGAGORS: MORGAN MICHAEL
MORGAN DECE
REGION CODE ADDRESS : 44 WHEELER
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 263,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,709.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.96900
----------------------------------------------------------------
0 0031050339 MORTGAGORS: ALONSO JULIANNA
ALONSO RAFAEL
REGION CODE ADDRESS : 13 MORNINGSIDE DRIVE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,922.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050347 MORTGAGORS: HARRINGTON BURT
REGION CODE ADDRESS : 5406 JUNIPER COURT
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 222,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031050388 MORTGAGORS: KNOLL MARTIN
KNOLL KATHLEEN
REGION CODE ADDRESS : 3661 SOUTH VISTA PLACE
01 CITY : CHANDLER
STATE/ZIP : AZ 85248
MORTGAGE AMOUNT : 216,030.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,877.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,547.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,426,680.00
P & I AMT: 10,097.66
UPB AMT: 1,426,096.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 216
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031050396 MORTGAGORS: WELTZER ROBERT
WELTZER BRENDA
REGION CODE ADDRESS : 31250 EAGLE CREST LANE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 293,080.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,878.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.27000
----------------------------------------------------------------
0 0031050503 MORTGAGORS: CROSBY CATHERINE
REGION CODE ADDRESS : 7700 SOUTH VALLEY DRIVE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050529 MORTGAGORS: BERGWALL TIMOTHY
BERGWALL DEBORAH
REGION CODE ADDRESS : 228 RUMSON ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,768.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050644 MORTGAGORS: LEE GARY
GLYNN JANICE
REGION CODE ADDRESS : 244 RIDGEWAY ROAD
01 CITY : WESTON
STATE/ZIP : MA 02193
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.78800
----------------------------------------------------------------
0 0031050693 MORTGAGORS: MERCER BRIAN
MERCER CHERYL
REGION CODE ADDRESS : 8 MERCER AVE
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,826.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,677,080.00
P & I AMT: 11,973.90
UPB AMT: 1,676,148.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 217
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031050719 MORTGAGORS: MCCREA IANTHE
REGION CODE ADDRESS : 4913 PINE
01 CITY : BELLAIRE
STATE/ZIP : TX 77401
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,690.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,262.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.91900
----------------------------------------------------------------
0 0031050834 MORTGAGORS: CALISE ARTHUR
REGION CODE ADDRESS : 1091 SUNNY SLOPE DRIVE
01 CITY : MOUNTAINSIDE
STATE/ZIP : NJ 07092
MORTGAGE AMOUNT : 254,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031050859 MORTGAGORS: SHERIDAN FRANK
SHERIDAN GINA
REGION CODE ADDRESS : 3272 LOMA ALTA DRIVE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,757.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,639.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050917 MORTGAGORS: YOUNG CHARLES
YOUNG KAREN
REGION CODE ADDRESS : 206 SPRINGFIELD AVENUE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031050941 MORTGAGORS: GOVAN THOMAS
GOVAN TRACY
REGION CODE ADDRESS : 20 HALL DRIVE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 314,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,043.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,226.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,879,100.00
P & I AMT: 13,578.09
UPB AMT: 1,877,383.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 218
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031051055 MORTGAGORS: NEVINS GREGORY
REGION CODE ADDRESS : 3811-3813 18TH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.96900
----------------------------------------------------------------
0 0031051154 MORTGAGORS: FLORES ALEXANDER
FLORES ROBIN
REGION CODE ADDRESS : 6691 DORENE PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031051204 MORTGAGORS: BRODEUR GARRETT
WEIL DEBORAH
REGION CODE ADDRESS : 924 HONEYSUCKLE LANE
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,778.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,334.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031051220 MORTGAGORS: CHANG CHRISTOPHER
SIAUW SUSAN
REGION CODE ADDRESS : 11202 BAY LAUREL STREET
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,759.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.22100
----------------------------------------------------------------
0 0031051378 MORTGAGORS: DORN ROBERT
DORN LINDA
REGION CODE ADDRESS : 2950 GLEN CANYON ROAD
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,518,000.00
P & I AMT: 10,963.36
UPB AMT: 1,517,150.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 219
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031051469 MORTGAGORS: ROBERTSON THOMAS
ROBERTSON SUSAN
REGION CODE ADDRESS : 3730 COOK ROAD
01 CITY : MEDINA
STATE/ZIP : OH 44256
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031051618 MORTGAGORS: MATTIKALLI NANDISH
MATTIKALLI KAVITHA
REGION CODE ADDRESS : 3 WINDING OAK COURT
01 CITY : OLNEY
STATE/ZIP : MD 20832
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031051832 MORTGAGORS: HEALY MICHAEL
HEALY LEANN
REGION CODE ADDRESS : 444 STATE HWY 173
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.40900
----------------------------------------------------------------
0 0031051972 MORTGAGORS: SENDRO PAUL
SENDRO DANA
REGION CODE ADDRESS : 11 NIXON FARM ROAD
01 CITY : TWP OF FRANKLIN
STATE/ZIP : NJ 08822
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031052012 MORTGAGORS: HAGIE ROGER
HAGIE JOAN
REGION CODE ADDRESS : 33081 ACAPULCO DRIVE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 218,390.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,390.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,564.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,267,590.00
P & I AMT: 8,963.66
UPB AMT: 1,267,402.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 220
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031052178 MORTGAGORS: STERLING GEORGE
STERLING BELINDA
REGION CODE ADDRESS : 3667 OAKES DRIVE
01 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031052277 MORTGAGORS: FIORITO STANLEY
REGION CODE ADDRESS : 2486 MAR EAST
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,009.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 49.40400
----------------------------------------------------------------
0 0031052301 MORTGAGORS: GREER WILLIAM
GREER CAROL
REGION CODE ADDRESS : 53 SOUTH STREET
01 CITY : UPTON
STATE/ZIP : MA 01568
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031052442 MORTGAGORS: CARSON DEAN
CARSON MICHELLE
REGION CODE ADDRESS : 1652 YALE DRIVE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,758.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.69387
----------------------------------------------------------------
0 0031052517 MORTGAGORS: BEREZ JAY
BEREZ DEBORAH
REGION CODE ADDRESS : 1000 CHIMNEY RIDGE DR.
01 CITY : MOUNTAINSIDE
STATE/ZIP : NJ 07092
MORTGAGE AMOUNT : 298,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,984.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,110.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.20300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,519,800.00
P & I AMT: 10,837.25
UPB AMT: 1,519,165.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 221
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031052665 MORTGAGORS: BRUNING GORDON
GITTLEMAN MARION
REGION CODE ADDRESS : 37266 PALM VIEW ROAD
01 CITY : RANCHO MIRAGE
STATE/ZIP : CA 92270
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,826.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031052715 MORTGAGORS: CURRAN SUZANNE
CURRAN JOHN
REGION CODE ADDRESS : 3525 RUNNYMEADE DRIVE
01 CITY : NEWTOWN SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,458.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 60.46900
----------------------------------------------------------------
0 0031052780 MORTGAGORS: STORNIOLO CHARLES
STORNIOLO CAROL
REGION CODE ADDRESS : 10426 N GAZEBO HILL PARKWAY W.
01 CITY : MEQUON
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,595.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.12000
----------------------------------------------------------------
0 0031052822 MORTGAGORS: BIGOT WILLIAM
BIGOT LINDA
REGION CODE ADDRESS : 13951 CLEARVIEW DRIVE
01 CITY : SHAKOPEE
STATE/ZIP : MN 55379
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,595.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.91000
----------------------------------------------------------------
0 0031052947 MORTGAGORS: WEINTRAUB ALEXANDER
REGION CODE ADDRESS : 5833 COLD WATER DRUVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
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 : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,543,000.00
P & I AMT: 11,154.89
UPB AMT: 1,542,648.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 222
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031052954 MORTGAGORS: MC CARTER ALLEN
MC CARTER BEVERLY
REGION CODE ADDRESS : 832 CANADA DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.49300
----------------------------------------------------------------
0 0031053077 MORTGAGORS: COXE CHRISTOPHER
COXE THERESA
REGION CODE ADDRESS : 9280 HEARTHSTEAD LANE
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,794.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031053085 MORTGAGORS: MCDERMOTT ERIC
MCDERMOTT KIM
REGION CODE ADDRESS : 60 BRONSON STREET
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,903.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,015.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031053275 MORTGAGORS: BECKWITH RANDY
BECKWITH COREY
REGION CODE ADDRESS : 27222 TRINIDAD COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,816.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,163.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 70.24300
----------------------------------------------------------------
0 0031053309 MORTGAGORS: GILBERT MEAGHAN
REGION CODE ADDRESS : 5605 LE FEVRE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,774.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,268,500.00
P & I AMT: 9,170.87
UPB AMT: 1,267,116.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 223
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031053481 MORTGAGORS: LUDEMANN STACIE
LUDEMANN LARRY
REGION CODE ADDRESS : 11307 STORMY RIDGE ROAD
01 CITY : AUSTIN
STATE/ZIP : TX 78739
MORTGAGE AMOUNT : 77,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 76,949.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 571.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 56.20400
----------------------------------------------------------------
0 0031053499 MORTGAGORS: BURNS JONATHAN
BURNS KRISTEN
REGION CODE ADDRESS : 139 PACCHETTI WAY
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,044.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,169.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031053507 MORTGAGORS: RUSSELL WAYNE
RUSSELL DEBRA
REGION CODE ADDRESS : 1015 ANASTASIA AVENUE
01 CITY : CORAL GABLES
STATE/ZIP : FL 33134
MORTGAGE AMOUNT : 198,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 198,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,388.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.98500
----------------------------------------------------------------
0 0031053580 MORTGAGORS: LANEY PETER
LANEY ANNIE
REGION CODE ADDRESS : 11627-62ND AVENUE EAST
01 CITY : PUYALLUP
STATE/ZIP : WA 98373
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031053747 MORTGAGORS: BLUMSTEIN ADA
BLUMSTEIN SYBIL
REGION CODE ADDRESS : 4510 RADFORD AVENUE
01 CITY : VALLEY VILLAGE
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 202,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 202,763.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,488.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 57.97100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,077,700.00
P & I AMT: 7,690.63
UPB AMT: 1,077,079.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 224
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031054075 MORTGAGORS: SMITH BRETT
SMITH JULIE
REGION CODE ADDRESS : 4784 CHULA VISTA COURT
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.07200
----------------------------------------------------------------
0 0031054224 MORTGAGORS: JOHNSON JULIE
REGION CODE ADDRESS : 712 WEST PEBBLE DRIVE
01 CITY : HANFORD
STATE/ZIP : CA 93230
MORTGAGE AMOUNT : 112,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 112,818.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 799.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.40800
----------------------------------------------------------------
0 0031054281 MORTGAGORS: GREENHALGH BRADLEY
GREENHALGH NATASHA
REGION CODE ADDRESS : 4487 EAST DESERT LANE
01 CITY : HIGLEY
STATE/ZIP : AZ 85236
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,760.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,619.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031054315 MORTGAGORS: CRAWFORD GARY
CRAWFORD PAMELA
REGION CODE ADDRESS : 3400 SERENDIPITY HILLS TRAIL
01 CITY : CORINTH
STATE/ZIP : TX 76205
MORTGAGE AMOUNT : 275,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,185.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031054398 MORTGAGORS: MCMAHON JOHN
MCMAHON JOAN
REGION CODE ADDRESS : 6 WHISTLER LANE
01 CITY : SOUTHBOROUGH
STATE/ZIP : MA 01772
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,733.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.71900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,354,300.00
P & I AMT: 9,570.24
UPB AMT: 1,353,497.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 225
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031054463 MORTGAGORS: CLARK BRADLEY
PUSATERI RONALD
REGION CODE ADDRESS : 20 COOLIDGE TERRACE
01 CITY : OAKLYN
STATE/ZIP : CA 94602
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
0 0031054505 MORTGAGORS: WILLIAMS MARTIN
WILLIAMS MICHELLE
REGION CODE ADDRESS : 27876 ISELA COURT
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031054513 MORTGAGORS: NAGATA ROBERT
MAYEKAWA GAYLE
REGION CODE ADDRESS : 14 KENMAR WAY
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,555.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,471.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.72700
----------------------------------------------------------------
0 0031054612 MORTGAGORS: RICHARDSON JAMES
RICHARDSON MARY
REGION CODE ADDRESS : 86 BREWSTER ROAD
01 CITY : COHASSET
STATE/ZIP : MA 02025
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031054661 MORTGAGORS: WIDJAJA HASAN
TAN TEN-TZE
REGION CODE ADDRESS : 10400 LINDSAY AVENUE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 55.29400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,352,000.00
P & I AMT: 9,641.18
UPB AMT: 1,351,389.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 226
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031054695 MORTGAGORS: DALE JOHN
DALE VIRGINIA
REGION CODE ADDRESS : 2474 EAST MISSION ROAD
01 CITY : FALLBROOK
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,243.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.49100
----------------------------------------------------------------
0 0031054778 MORTGAGORS: NEAL THOMAS
REGION CODE ADDRESS : 3631 LOMBARDY ROAD
01 CITY : PASADENA
STATE/ZIP : CA 91107
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 53.84600
----------------------------------------------------------------
0 0031054836 MORTGAGORS: FREEMAN GAYLEN
REGION CODE ADDRESS : 8142 ARDENNESS DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95829
MORTGAGE AMOUNT : 309,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.64400
----------------------------------------------------------------
0 0031055007 MORTGAGORS: WELK JAMES
CONHAM TODD
REGION CODE ADDRESS : 14501 FLAX COURT
01 CITY : PURCELLVILLE
STATE/ZIP : VA 20132
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.42500
----------------------------------------------------------------
0 0031055106 MORTGAGORS: TYSON CARTER
TYSON SHARON
REGION CODE ADDRESS : 833 OLIVE DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,813.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,039.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.16400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,436,950.00
P & I AMT: 10,489.20
UPB AMT: 1,436,423.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 227
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031055205 MORTGAGORS: HOEPRICH PAUL
HOEPRICH KAY
REGION CODE ADDRESS : 2 MARLBORO WOODS LANE
01 CITY : KENNETT SQUARE
STATE/ZIP : PA 19348
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,480.47 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 : 60.24000
----------------------------------------------------------------
0 0031055288 MORTGAGORS: YANG TAO
WANG WEINING
REGION CODE ADDRESS : 1183 CAMINO ANDALUZ
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93111
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031055379 MORTGAGORS: OSBORNE STEVEN
OSBORNE DEBORAH
REGION CODE ADDRESS : 620 CREEKMORE COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031055395 MORTGAGORS: EDELMAN ROBERT
EDELMAN KRISTEN
REGION CODE ADDRESS : 2775 MOSSY OAK DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 423,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,465.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,109.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031055437 MORTGAGORS: GOLDBAUM BARRY
REY MIGUEL
REGION CODE ADDRESS : 20361 WELLS DRIVE
01 CITY : WOODLAND HILLS AREA
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.10200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,558,750.00
P & I AMT: 11,240.70
UPB AMT: 1,557,497.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 228
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031055452 MORTGAGORS: BARNETT JAMES
BARNETT ROBIN
REGION CODE ADDRESS : 51 LEDGEWOOD DRIVE
01 CITY : LOS FLORES AREA
STATE/ZIP : CA 92688
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.85100
----------------------------------------------------------------
0 0031055486 MORTGAGORS: GUTHALL JACK
GUTHALL KAREN
REGION CODE ADDRESS : 4003 LOMAR DRIVE
01 CITY : MOUNT AIRY
STATE/ZIP : MD 21771
MORTGAGE AMOUNT : 228,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,138.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,635.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.97700
----------------------------------------------------------------
0 0031055551 MORTGAGORS: KJENAAS DAVID
KJENAAS MARY
REGION CODE ADDRESS : 2106 WELLESLEY PLACE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 336,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,162.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,410.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99874
----------------------------------------------------------------
0 0031055593 MORTGAGORS: HILL JOEL
HILL MARY
REGION CODE ADDRESS : 14007 EARLWOOD DRIVE
01 CITY : HUNTSVILLE
STATE/ZIP : AL 35803
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,777.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031055742 MORTGAGORS: WILSON JEFFREY
WILSON DONNA
REGION CODE ADDRESS : 151 EAST WESLEY ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30305
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,437,700.00
P & I AMT: 10,299.87
UPB AMT: 1,436,861.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 229
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031055783 MORTGAGORS: SHREEVE SUSAN
SHREEVE MARK
REGION CODE ADDRESS : 4138 PINE BLOSSOM TRAIL
01 CITY : HOUSTON
STATE/ZIP : TX 77059
MORTGAGE AMOUNT : 225,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,778.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,560.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99200
----------------------------------------------------------------
0 0031055924 MORTGAGORS: MCINTYRE ROSS
SILKOWSKI VINOO
REGION CODE ADDRESS : 24651 PASEO VENDAVAL
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,324.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031055973 MORTGAGORS: CLOWARD JOHN
CLOWARD SINDHU
REGION CODE ADDRESS : 16333 FIELDCREST COURT
01 CITY : LA MIRADA
STATE/ZIP : CA 90638
MORTGAGE AMOUNT : 222,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,526.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,577.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031055999 MORTGAGORS: GRUBBS WILLIAM
GRUBBS CHERYL
REGION CODE ADDRESS : 3 CAMELFORD COURT
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,569.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031056039 MORTGAGORS: TRAVIS JAMES
TRAVIS GAYLE
REGION CODE ADDRESS : 551 TREBBIANO PLACE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 305,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,539.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,216.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.95000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,321,050.00
P & I AMT: 9,462.34
UPB AMT: 1,318,738.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 230
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031056054 MORTGAGORS: HARRISON MICHAEL
HARRISON GINGER
REGION CODE ADDRESS : 27719 MANSFIELD COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 242,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,206.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0031056062 MORTGAGORS: BERSTEIN DAVID
BERSTEIN MICHELE
REGION CODE ADDRESS : 2633 PALOS VERDES DRIVE WEST
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,531.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,457.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.57100
----------------------------------------------------------------
0 0031056070 MORTGAGORS: HONE FELIX
HONE MEI-KUEN
REGION CODE ADDRESS : 32255 DERBY STREET
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,642.35 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 : 79.93800
----------------------------------------------------------------
0 0031056088 MORTGAGORS: POTHIER ROSALEE
REGION CODE ADDRESS : 12972 SPRINGWOOD DRIVE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,597.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.35400
----------------------------------------------------------------
0 0031056096 MORTGAGORS: CLEVENGER RALPH
CLEVENGER CATHERINE
REGION CODE ADDRESS : 2751 KENSINGTON PLACE
01 CITY : CARSON CITY
STATE/ZIP : NV 89703
MORTGAGE AMOUNT : 358,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,966.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.27600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,050.00
P & I AMT: 10,468.15
UPB AMT: 1,466,944.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 231
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031056112 MORTGAGORS: CONNELLY MICHAEL
CONNELLY TERRI
REGION CODE ADDRESS : 5010 PASEO DE LAS TORTUGAS
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 293,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,905.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,152.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.18400
----------------------------------------------------------------
0 0031056120 MORTGAGORS: FRENCH D.
FRENCH CHARLENE
REGION CODE ADDRESS : 3117 CALLE NOGUERA
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,518.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.43700
----------------------------------------------------------------
0 0031056146 MORTGAGORS: KOCH DAVID
KOCH CYNTHIA
REGION CODE ADDRESS : 4818 DALEWOOD DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,655.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031056161 MORTGAGORS: KILPATRICK ROBERT
MANGAN MICHELE
REGION CODE ADDRESS : 4647 MONTIEL TRUCK TRAIL
01 CITY : JAMUL
STATE/ZIP : CA 91935
MORTGAGE AMOUNT : 249,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,832.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031056294 MORTGAGORS: CARTER KAREN
REGION CODE ADDRESS : 50 DUNBARTON COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,830.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.52200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,315,500.00
P & I AMT: 9,612.98
UPB AMT: 1,313,742.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 232
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031056393 MORTGAGORS: VOSS KENT
VOSS CAROLE
REGION CODE ADDRESS : 141 GULPH LANE
01 CITY : GULPH MILLS
STATE/ZIP : PA 19428
MORTGAGE AMOUNT : 264,624.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,624.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031056583 MORTGAGORS: MITCHELL RICHARD
MITCHELL CINDY
REGION CODE ADDRESS : 7705 S LOUTHAN STREET
01 CITY : LITTLETON
STATE/ZIP : CO 80120
MORTGAGE AMOUNT : 284,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,598.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,040.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.26000
----------------------------------------------------------------
0 0031056591 MORTGAGORS: SCHNEIDER WARREN
SHUBERT BETH
REGION CODE ADDRESS : 118 BUSTEED DRIVE
01 CITY : MIDLAND PARK
STATE/ZIP : NJ 07432
MORTGAGE AMOUNT : 185,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 185,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,357.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 69.81100
----------------------------------------------------------------
0 0031056757 MORTGAGORS: LEE PRESTON
LEE SUSAN
REGION CODE ADDRESS : 30210 VIA BORICA
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.05500
----------------------------------------------------------------
0 0031056930 MORTGAGORS: WOODS GARY
WOODS FAYE
REGION CODE ADDRESS : 29933 QUAIL RUN DRIVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,790.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,211.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.00500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,339,424.00
P & I AMT: 9,651.36
UPB AMT: 1,339,013.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 233
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031057128 MORTGAGORS: NGUYEN ANHTU
REGION CODE ADDRESS : 3060 FAIRFAX AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 221,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,197.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031057177 MORTGAGORS: HUDGINS W.F.
HUDGINS BRENDA
REGION CODE ADDRESS : 1700 HURLINGHAM COURT
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23454
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031057235 MORTGAGORS: PHELAN RICHARD
PHELAN CYNTHIA
REGION CODE ADDRESS : 16882 SEA WITCH LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031057367 MORTGAGORS: MILLER MEGAN
REGION CODE ADDRESS : 11780 EAST BARRANCA ROAD
01 CITY : CAMARILLO AREA
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,788.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,301.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 63.43400
----------------------------------------------------------------
0 0031057383 MORTGAGORS: SCHNEIDER ROBERT
SCHNEIDER SHARON
REGION CODE ADDRESS : 5706 WILLOWTREE DRIVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,826.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 49.23600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,353,350.00
P & I AMT: 9,755.30
UPB AMT: 1,352,405.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 234
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031057425 MORTGAGORS: VAN NOY GEORGE
VAN NOY IVENE
REGION CODE ADDRESS : 77799 GELATIN ROAD
01 CITY : BOZEMAN
STATE/ZIP : MT 59718
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.11100
----------------------------------------------------------------
0 0031057458 MORTGAGORS: FRENCH JOHN
SCOTT CINDY
REGION CODE ADDRESS : 6218 TOBRUK COURT
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 491,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,669.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,599.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 70.64700
----------------------------------------------------------------
0 0031057474 MORTGAGORS: MEDWID PETER
MEDWID ANNEMARIE
REGION CODE ADDRESS : 5 WILSON RIDGE ROAD
01 CITY : DARIEN
STATE/ZIP : CT 06820
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,069.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.93700
----------------------------------------------------------------
0 0031057482 MORTGAGORS: HOANZL GEORGE
HOANZL JOAN
REGION CODE ADDRESS : 16090 RAWHIDE LANE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92504
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,774.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 85.89700
----------------------------------------------------------------
0 0031057557 MORTGAGORS: LEEKER THOMAS
NILL KAREN
REGION CODE ADDRESS : 220 PARKLAND AVENUE
01 CITY : GLENDALE
STATE/ZIP : MO 63122
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,800,000.00
P & I AMT: 12,905.27
UPB AMT: 1,799,235.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 235
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031057664 MORTGAGORS: HOWER DONALD
HOWER DORIS
REGION CODE ADDRESS : 6931 S. VIRGINIA DARE TRAIL
01 CITY : NAGS HEAD
STATE/ZIP : NC 27959
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.52000
----------------------------------------------------------------
0 0031057714 MORTGAGORS: HERNANDEZ ANTONIO
REGION CODE ADDRESS : 4525 S.W. 64TH AVENUE
01 CITY : MIAMI
STATE/ZIP : FL 33155
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031057730 MORTGAGORS: VIRANT DAMIAN
VIRANT JAN
REGION CODE ADDRESS : 3061 EAST SIERRA DRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 250,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,318.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.46400
----------------------------------------------------------------
0 0031057755 MORTGAGORS: GROSSMAN DAVID
GROSSMAN PAMELA
REGION CODE ADDRESS : 7621 ASHTON COURT
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031058381 MORTGAGORS: KALTENECKER THOMAS
JANIK-KALTENECKER LYNDA
REGION CODE ADDRESS : 4350 HARTFIELD COURT
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,450,500.00
P & I AMT: 10,321.82
UPB AMT: 1,449,271.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 236
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031058811 MORTGAGORS: CAVAZZONI MARCO
CAVAZZONI DIANE
REGION CODE ADDRESS : 420 OSGOOD COURT
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,835.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 74.24242
----------------------------------------------------------------
0 0031058977 MORTGAGORS: GUARACHA A.
GUARACHA NORMA
REGION CODE ADDRESS : 1520 COUNTRY VISTAS LANE
01 CITY : BONITA
STATE/ZIP : CA 91902
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,292.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031059017 MORTGAGORS: BRUCE DONALD
BRUCE BRETT
REGION CODE ADDRESS : 1450 DOROTHEA ROAD
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 509,611.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,522.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.45200
----------------------------------------------------------------
0 0031059140 MORTGAGORS: GILBERT JULIA
REGION CODE ADDRESS : 2455 NUEZ WAY
01 CITY : TOPANGA
STATE/ZIP : CA 90290
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,820.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,892.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031059645 MORTGAGORS: WANG YI-XIN
XIA WEI
REGION CODE ADDRESS : 3039 SHETLAND DRIVE
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.61500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,566,000.00
P & I AMT: 11,151.17
UPB AMT: 1,565,059.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 237
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031059710 MORTGAGORS: BURKE JANIE
BURKE PATRICK
REGION CODE ADDRESS : 110 CRESCENT ROAD
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,777.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
0 0031059769 MORTGAGORS: BROFELDT BO
BARR-BROFELDT CAROLINE
REGION CODE ADDRESS : 3694 FAIR OAKS BLVD
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,694.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,880.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.23400
----------------------------------------------------------------
0 0031059819 MORTGAGORS: CARRION AL
CARRION COLLEEN
REGION CODE ADDRESS : 869 CANADA DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031059850 MORTGAGORS: PANLAQUE FRANCISCO
PANLAQUE ESTRELLA
REGION CODE ADDRESS : 1147 SABAL COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.72500
----------------------------------------------------------------
0 0031059934 MORTGAGORS: GOLDMAN JOSHUA
GOLDMAN JUDITH
REGION CODE ADDRESS : 45140 PARKMEADOW DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,694.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,219.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,839,500.00
P & I AMT: 13,203.87
UPB AMT: 1,838,666.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 238
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031059983 MORTGAGORS: HOROWITZ HERBERT
HOROWITZ PILAR
REGION CODE ADDRESS : 5622 MARICOPA DRIVE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.27200
----------------------------------------------------------------
0 0031060197 MORTGAGORS: ZALEWSKI HARRY
ZALEWSKI BRENDA
REGION CODE ADDRESS : 20773 LUCINDA COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,817.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,536.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.79800
----------------------------------------------------------------
0 0031060577 MORTGAGORS: MICCI MATTHEW
MICCI ANNA
REGION CODE ADDRESS : 7 BASSIN LANE
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,172.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/17
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.94100
----------------------------------------------------------------
0 0031060627 MORTGAGORS: MAGGIACOMO SIRIO
MAGGIACOMO LILIAN
REGION CODE ADDRESS : 416 NW 118 TERRACE
01 CITY : CORAL SPRINGS
STATE/ZIP : FL 33071
MORTGAGE AMOUNT : 268,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,724.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98500
----------------------------------------------------------------
0 0031060684 MORTGAGORS: DUDRECK THOMAS
DUDRECK ISABELLA
REGION CODE ADDRESS : 904 NORWOOD CT
01 CITY : NAPERVILLE
STATE/ZIP : IL 60540
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,620.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.20000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,291,900.00
P & I AMT: 9,411.04
UPB AMT: 1,290,334.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 239
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031060734 MORTGAGORS: GOIT JOHN
GOIT JANA
REGION CODE ADDRESS : 45399 REMINGTON CT
01 CITY : CANTON
STATE/ZIP : MI 48187
MORTGAGE AMOUNT : 224,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,790.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
0 0031060874 MORTGAGORS: THOMAS PETER
THOMAS KIM
REGION CODE ADDRESS : 4525 CONRAD DRIVE
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031060890 MORTGAGORS: CALTA RICHARD
CALTA TRICIA
REGION CODE ADDRESS : 9901 N 50TH STREET
01 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,740.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.13500
----------------------------------------------------------------
0 0031060932 MORTGAGORS: BELL JAMES
BELL FRANK
REGION CODE ADDRESS : 1005 AVERY COURT SW
01 CITY : VIENNA
STATE/ZIP : VA 22180
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,824.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031060999 MORTGAGORS: CROW PHILLIP
CROW KAROL
REGION CODE ADDRESS : 9110 OAKMONT DRIVE
01 CITY : OKLAHOMA CITY
STATE/ZIP : OK 73131
MORTGAGE AMOUNT : 245,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,530.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,324,300.00
P & I AMT: 9,445.85
UPB AMT: 1,323,386.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 240
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031061120 MORTGAGORS: DANSIZEN MARK
DANSIZEN LUCINDA
REGION CODE ADDRESS : 400 LOOKOUT CT
01 CITY : AVON LAKE
STATE/ZIP : OH 44012
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,582.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.76900
----------------------------------------------------------------
0 0031061161 MORTGAGORS: MASON JAMES
MASON DEMETRA
REGION CODE ADDRESS : 1713 POLING AVENUE
01 CITY : FT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 290,709.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,709.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,057.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.30000
----------------------------------------------------------------
0 0031061195 MORTGAGORS: STINSON A.
STINSON MADONNA
REGION CODE ADDRESS : 8296 AIKEN ROAD
01 CITY : LOUISVILLE
STATE/ZIP : KY 40245
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,752.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.13800
----------------------------------------------------------------
0 0031061229 MORTGAGORS: BARNES GLADYS
REGION CODE ADDRESS : 38124 LOGAN DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.83000
----------------------------------------------------------------
0 0031061302 MORTGAGORS: COOK RONALD
REGION CODE ADDRESS : 8578 APPIAN WAY
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 225,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,635.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,385,059.00
P & I AMT: 9,969.48
UPB AMT: 1,384,456.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 241
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031061310 MORTGAGORS: CHILDS RONALD
CHILDS ADRIENNE
REGION CODE ADDRESS : 9416 BRIAN JAC LANE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,717.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,207.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031061328 MORTGAGORS: HORSTMAN KINGSTON
REGION CODE ADDRESS : 2176 MEANDER DRIVE
01 CITY : PRESCOTT
STATE/ZIP : AZ 86301
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031061427 MORTGAGORS: HEGG EDWIN
HEGG ERMINE
REGION CODE ADDRESS : 2353 VIA LA MESA
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 243,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,532.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.61800
----------------------------------------------------------------
0 0031061435 MORTGAGORS: THOMPSON ANNE
REGION CODE ADDRESS : 1530 NORTH DEARBORN, #10S
01 CITY : CHICAGO
STATE/ZIP : IL 60610
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,812.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031061542 MORTGAGORS: MERLIN JAMES
READER-MERLIN PATRICIA
REGION CODE ADDRESS : 241 MARSHALL STREET
01 CITY : DUXBURY
STATE/ZIP : MA 02332
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,558.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.22 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: 1,532,200.00
P & I AMT: 11,209.17
UPB AMT: 1,531,119.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 242
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031061658 MORTGAGORS: PATEL HITESHKUMAR
PATEL PUSHPABEN
REGION CODE ADDRESS : 754 PEACH ORCHARD DRIVE
01 CITY : NASHVILLE
STATE/ZIP : TN 37204
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 53.84600
----------------------------------------------------------------
0 0031061682 MORTGAGORS: MCNALLY LINDA
MCNALLY JOSEPH
REGION CODE ADDRESS : 17724 LISA DRIVE
01 CITY : DERWOOD
STATE/ZIP : MD 20855
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031061724 MORTGAGORS: DECRAY TATE
DECRAY JEANNIE
REGION CODE ADDRESS : 4509 REBECCA COURT
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,170.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.19600
----------------------------------------------------------------
0 0031061732 MORTGAGORS: LOVETT GARY
BLACK MICHELE
REGION CODE ADDRESS : 651 OAK HILL COURT
01 CITY : CROSSROADS
STATE/ZIP : TX 75068
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,333.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031061765 MORTGAGORS: NIKITENKO ALEXANDER
NIKITENKO WENDY
REGION CODE ADDRESS : 455 BLUE ASH DR.
01 CITY : BUFFALO GROVE
STATE/ZIP : IL 60089
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,416.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,951.62 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: 1,570,000.00
P & I AMT: 11,218.40
UPB AMT: 1,568,667.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 243
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031062052 MORTGAGORS: SWACKHAMMER DENA
REGION CODE ADDRESS : 8413 GREYSTONE COURT
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,788.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031062151 MORTGAGORS: GOLDING MARY
GOLDING JASON
REGION CODE ADDRESS : 40 BAYVIEW AVENUE
01 CITY : BELVEDERE
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 28.57100
----------------------------------------------------------------
0 0031062326 MORTGAGORS: COULTER JEFFREY
COULTER JANA
REGION CODE ADDRESS : 12110 BENNETT FLAT
01 CITY : TRUCKEE
STATE/ZIP : CA 96161
MORTGAGE AMOUNT : 251,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,779.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031062359 MORTGAGORS: FARROW JAMES
FARROW ANNE
REGION CODE ADDRESS : 431 VIA DEL REY
01 CITY : MONTEREY
STATE/ZIP : CA 93940
MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 511,638.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031062441 MORTGAGORS: ALVES ANTHONY
ALVES DONNA
REGION CODE ADDRESS : 10592 BALLAST AVENUE
01 CITY : GARDEN GROVE
STATE/ZIP : CA 92843
MORTGAGE AMOUNT : 170,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 170,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,217.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.97200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,475,400.00
P & I AMT: 10,544.77
UPB AMT: 1,474,827.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 244
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031062474 MORTGAGORS: MORGAN MICHAEL
REGION CODE ADDRESS : 1112 RIO GRANDE DR
01 CITY : BENBROOK
STATE/ZIP : TX 76126
MORTGAGE AMOUNT : 59,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 58,956.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 412.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.72900
----------------------------------------------------------------
0 0031062581 MORTGAGORS: BANNISTER JAMES
BANNISTER DENISE
REGION CODE ADDRESS : 4171 CHAPARRAL PLACE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.81500
----------------------------------------------------------------
0 0031062664 MORTGAGORS: PULLARA FRANK
PULLARA PATRICIA
REGION CODE ADDRESS : 2 MIDDLE CANYON ROAD
01 CITY : CARMEL VALLEY
STATE/ZIP : CA 93924
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,764.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,565.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 63.63600
----------------------------------------------------------------
0 0031062680 MORTGAGORS: FLOM GERALD
FLOM SYBIL
REGION CODE ADDRESS : 1047 EAST OCEAN AVENUE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,764.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.70500
----------------------------------------------------------------
0 0031062755 MORTGAGORS: HILL PATRICIA
HILL CHARLES
REGION CODE ADDRESS : 1276 SOUTH SILVER STAR WAY
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 224,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,141.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,606.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.64100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,187,300.00
P & I AMT: 8,545.76
UPB AMT: 1,186,626.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 245
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031062995 MORTGAGORS: BRADEN DAVID
BRADEN BRENDA
REGION CODE ADDRESS : 1825 CAPE HORN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 230,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,698.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,588.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.87700
----------------------------------------------------------------
0 0031063027 MORTGAGORS: CON WALTER
CON DENISE
REGION CODE ADDRESS : 5203 VIA RAMON
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 276,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,414.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 76.83300
----------------------------------------------------------------
0 0031063050 MORTGAGORS: HANRAHAN PATRICK
HANRAHAN CINDY
REGION CODE ADDRESS : 1807 SANDLEWOOD LANE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 53.33300
----------------------------------------------------------------
0 0031063126 MORTGAGORS: HAINES GEORGE
HAINES KAREN
REGION CODE ADDRESS : 472 MAPLE AVENUE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,636.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.71900
----------------------------------------------------------------
0 0031063159 MORTGAGORS: ARGUELLO DOMINGO
ARGUELLO MARTHA
REGION CODE ADDRESS : 7834 EAST 4TH STREET
01 CITY : DOWNEY
STATE/ZIP : CA 90241
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,536.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,257.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 93.82300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,395,650.00
P & I AMT: 9,881.40
UPB AMT: 1,394,286.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 246
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031063365 MORTGAGORS: KNIOWSKI WALTER
KNIOWSKI DIANE
REGION CODE ADDRESS : 6039 REGAL DR.
01 CITY : GRANDVILLE
STATE/ZIP : MI 49418
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,530.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,311.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031063373 MORTGAGORS: BERISH THOMAS
BERISH JUDITH
REGION CODE ADDRESS : 36 DRAKE ROAD
01 CITY : MENDHAM
STATE/ZIP : NJ 07945
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.74600
----------------------------------------------------------------
0 0031063407 MORTGAGORS: GUARD JAMES
GUARD SHEILA
REGION CODE ADDRESS : 20717 NE 181 PL
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 255,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,419.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031063431 MORTGAGORS: WILKINSON CHARLES
WILKINSON SUSAN
REGION CODE ADDRESS : 2107 S 181 CIRCLE
01 CITY : OMAHA
STATE/ZIP : NE 68130
MORTGAGE AMOUNT : 229,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,575.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.98100
----------------------------------------------------------------
0 0031063449 MORTGAGORS: VELCELEAN ERIKA
VELCELEAN GERARD
REGION CODE ADDRESS : 17292 TASSAJARA CIRCLE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,401.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,353,700.00
P & I AMT: 9,548.47
UPB AMT: 1,352,927.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 247
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031063472 MORTGAGORS: SRINIVASAN BIHARI
SRINIVAS RATNA
REGION CODE ADDRESS : 15 RUTGERS ROAD
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,226.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031063563 MORTGAGORS: FLETCHER DAVID
FLETCHER BRENDA
REGION CODE ADDRESS : 13800 S PEBBLEBROOK LN
01 CITY : GREENWOOD
STATE/ZIP : MO 64034
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031063761 MORTGAGORS: LOPEZ ARTHUR
LOPEZ PAM
REGION CODE ADDRESS : 32 CRANE COURT
01 CITY : NEW PROVIDENCE
STATE/ZIP : NJ 07974
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.36900
----------------------------------------------------------------
0 0031063811 MORTGAGORS: DRAPER JEANNETTE
FARELL AINE
REGION CODE ADDRESS : 21 LAIDLEY STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 338,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,167.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,453.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064066 MORTGAGORS: YAGUDIN EMIL
YAGUDIN VERA
REGION CODE ADDRESS : 18 BOSWORTH STREET
01 CITY : FRAMINGHAM
STATE/ZIP : MA 01701
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,448,350.00
P & I AMT: 10,536.33
UPB AMT: 1,447,325.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 248
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031064207 MORTGAGORS: JIA DANIEL
JIA XUN
REGION CODE ADDRESS : 20 SAWMILL
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,796.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031064496 MORTGAGORS: ORTON JAMES
GAL SUSAN
REGION CODE ADDRESS : 1265 MONTEREY AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,785.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,254.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.80100
----------------------------------------------------------------
0 0031064520 MORTGAGORS: BAUTISTA JOEY
BAUTISTA MARY ANN
REGION CODE ADDRESS : 22600 CANYON RIDGE PLACE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 340,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,830.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,467.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031064546 MORTGAGORS: LEDOUX ROBERT
LEDOUX THERESA
REGION CODE ADDRESS : 28 LOVERS LANE
01 CITY : HARVARD
STATE/ZIP : MA 01451
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,543.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.36500
----------------------------------------------------------------
0 0031064553 MORTGAGORS: SONPAROTE PRABHAKAR
SONPAROTE SADHANA
REGION CODE ADDRESS : 722 ASTER DRIVE
01 CITY : GURNEE
STATE/ZIP : IL 60031
MORTGAGE AMOUNT : 227,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,336.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,632.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.25400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,424,200.00
P & I AMT: 10,100.80
UPB AMT: 1,422,292.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 249
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031064561 MORTGAGORS: WINZELER ROBERT
WINZELER JO ANN
REGION CODE ADDRESS : 799 WEST OCEAN DRIVE #106
01 CITY : KEY COLONY BEACH
STATE/ZIP : FL 33051
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,658.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064587 MORTGAGORS: DESIDERIO DOMINICK
DESIDERIO CAROL
REGION CODE ADDRESS : 23 RIDGE ROAD
01 CITY : INDEPENDENCE TOWNSHIP
STATE/ZIP : NJ 07840
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,682.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064595 MORTGAGORS: MCNAMEE BERNARD
MCNAMEE JENNIFER
REGION CODE ADDRESS : 1208 YOUNGSFORD ROAD
01 CITY : GLADWYNE
STATE/ZIP : PA 19035
MORTGAGE AMOUNT : 284,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,572.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064603 MORTGAGORS: SMITH GARY
KASS-SMITH GAIL
REGION CODE ADDRESS : 15525 BUSHY TAIL RUN
01 CITY : WOODBINE
STATE/ZIP : MD 21797
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,542.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,314.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.83100
----------------------------------------------------------------
0 0031064611 MORTGAGORS: TALLMAN JOHN
TALLMAN ELIZABETH
REGION CODE ADDRESS : 21 SANDIA HEIGHTS DR NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87122
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 : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,497,800.00
P & I AMT: 10,593.61
UPB AMT: 1,496,151.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 250
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031064629 MORTGAGORS: ANAPOL THOMAS
ANAPOL BONNIE
REGION CODE ADDRESS : 514 FAIRVIEW ROAD
01 CITY : PENN VALLEY
STATE/ZIP : PA 19072
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,585.73 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 : 80.00000
----------------------------------------------------------------
0 0031064637 MORTGAGORS: BAKER BRIAN
BAKER DONNA
REGION CODE ADDRESS : 13419 MARBLE ROCK DRIVE
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064645 MORTGAGORS: WODINSKY HARLOD
REGION CODE ADDRESS : 411 OXFORD COURT
01 CITY : CEDARHURST
STATE/ZIP : NY 11516
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,820.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064652 MORTGAGORS: BALDERSON WILLIAM
BALDERSON DIANE
REGION CODE ADDRESS : 40980 SANDPIPER LANE
01 CITY : LEONARDTOWN
STATE/ZIP : MD 20650
MORTGAGE AMOUNT : 295,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,420.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.82800
----------------------------------------------------------------
0 0031064660 MORTGAGORS: SARASIN DANIEL
COLEHOUR AMANDA
REGION CODE ADDRESS : 3410 RIVERBEND DRIVE NE
01 CITY : CEDAR RAPIDS
STATE/ZIP : IA 52402
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,634.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.34 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: 1,401,050.00
P & I AMT: 10,084.28
UPB AMT: 1,399,463.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 251
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031064678 MORTGAGORS: COCHRAN DALE
COCHRAN TODD
REGION CODE ADDRESS : 1007 KAUAI KING COURT
01 CITY : NAPERVILLE
STATE/ZIP : IL 60540
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.70500
----------------------------------------------------------------
0 0031064686 MORTGAGORS: BREITENREITER DONN
BREITENREITER JOY
REGION CODE ADDRESS : 1307 KETTERING RD
01 CITY : MUNDELEIN
STATE/ZIP : IL 60060
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,628.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.99000
----------------------------------------------------------------
0 0031064702 MORTGAGORS: GULLOTTI JUDITH
GULLOTTI MICHAEL
REGION CODE ADDRESS : 4 LAUREL LANE
01 CITY : NEWTON SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 369,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,736.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,550.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.97900
----------------------------------------------------------------
0 0031064710 MORTGAGORS: FARRELL PATRICK
FARRELL MARGARET
REGION CODE ADDRESS : 1420 BARTON DRIVE
01 CITY : FORT WASHINGTON
STATE/ZIP : PA 19034
MORTGAGE AMOUNT : 234,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,061.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,679.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064728 MORTGAGORS: POLLARD THOMAS
POLLARD CONNIE
REGION CODE ADDRESS : 9138 NW MCKENNA DR
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,662.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,552.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.25000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,643,700.00
P & I AMT: 11,723.05
UPB AMT: 1,641,886.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 252
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031064801 MORTGAGORS: HENNRIKUS WILLIAM
HENNRIKUS EILEEN
REGION CODE ADDRESS : 534 EAST MARINERS CIRCLE
01 CITY : FRESNO
STATE/ZIP : CA 93720
MORTGAGE AMOUNT : 283,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,199.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.96800
----------------------------------------------------------------
0 0031064868 MORTGAGORS: BOLTE CHARLES
BOLTE CHERYL
REGION CODE ADDRESS : 14815 E LOOKOUT LEDGE
01 CITY : FOUNTAIN HILLS
STATE/ZIP : AZ 85268
MORTGAGE AMOUNT : 230,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,933.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,628.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031064967 MORTGAGORS: PETERSON JOHN
PETERSON DEBORAH
REGION CODE ADDRESS : 9733 HIDDEN VALLEY ROAD
01 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 260,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,601.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064983 MORTGAGORS: SULLIVAN BONNIE
REGION CODE ADDRESS : 5040 KLINGLE STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031065121 MORTGAGORS: KELIIAA ROGER
KELIIAA JUDI
REGION CODE ADDRESS : 25178 CANYON OAKS COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,366,300.00
P & I AMT: 9,650.39
UPB AMT: 1,365,526.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 253
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031065170 MORTGAGORS: ELKUS RICHARD
ELKUS PATRICIA
REGION CODE ADDRESS : 15063 HUNTINGTON GATE DR
01 CITY : POWAY
STATE/ZIP : CA 92064
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 53.57100
----------------------------------------------------------------
0 0031065303 MORTGAGORS: ATLAS EDWARD
ATLAS LETA
REGION CODE ADDRESS : 1264 S BAYWOOD AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.68600
----------------------------------------------------------------
0 0031065329 MORTGAGORS: CHANG CALVIN
CHANG LYNN
REGION CODE ADDRESS : 13100 BACH WAY
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 279,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,100.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 67.37300
----------------------------------------------------------------
0 0031065337 MORTGAGORS: SHAPIRO ALAN
SHAPIRO DEVRA
REGION CODE ADDRESS : 2649 COUNTRY LANE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,668.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031065378 MORTGAGORS: HOROWITZ JEFFREY
HOROWITZ MARLENE
REGION CODE ADDRESS : 13280 CHELTENHAM DRIVE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 341,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,370.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.76400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,602,200.00
P & I AMT: 11,752.64
UPB AMT: 1,601,719.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 254
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031065501 MORTGAGORS: CROSS DAVID
CROSS MARY
REGION CODE ADDRESS : 20900 DELTA DRIVE
01 CITY : LAYTONSVILLE
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 326,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,284.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031065519 MORTGAGORS: STAGG RICHARD
REGION CODE ADDRESS : 902 DESERT FLOWER LANE
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 292,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,648.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031065527 MORTGAGORS: BARTOSZEK LAWRENCE
BARTOSZEK GINA
REGION CODE ADDRESS : 14016 SOUTH 9TH STREET
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 248,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,205.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031065543 MORTGAGORS: ARNOLD JAMES
ARNOLD NANCY
REGION CODE ADDRESS : 1426 MAPLEWOOD DRIVE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 239,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,385.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
0 0031065675 MORTGAGORS: BURNETT DENNIS
ROUSSEAU VIRGINIA
REGION CODE ADDRESS : 9489 DEER RUN LANE
01 CITY : MARSHALL
STATE/ZIP : VA 20115
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,852.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,614.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,327,500.00
P & I AMT: 9,495.75
UPB AMT: 1,326,791.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 255
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031065709 MORTGAGORS: BRAMHALL JOHN
CADY JORMAIN
REGION CODE ADDRESS : 1723 32ND AVENUE S
01 CITY : SEATTLE
STATE/ZIP : WA 98144
MORTGAGE AMOUNT : 331,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,372.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031065816 MORTGAGORS: BRODHAG TIMOTHY
BRODHAG JULIE
REGION CODE ADDRESS : 48 LEDGEWOOD DRIVE
01 CITY : LAS FLORES AREA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 287,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.99600
----------------------------------------------------------------
0 0031065907 MORTGAGORS: LEVIN VALERIE
REGION CODE ADDRESS : 1295 LITTLE WILLEO ROAD
01 CITY : MARIETTA
STATE/ZIP : GA 30068
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,737.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,665.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031065949 MORTGAGORS: RIGHTMYER CHARLES
RIGHTMYER JENNIE
REGION CODE ADDRESS : 2050 W. CALIFORNIA ST.
01 CITY : SAN DIEGO
STATE/ZIP : CA 92110
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,511.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031066012 MORTGAGORS: NAGLE FREDERICK
REGION CODE ADDRESS : 63 GARIBALDI STREET
01 CITY : LAKE OSWEGO
STATE/ZIP : OR 97035
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,103.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.11500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,719,100.00
P & I AMT: 12,190.66
UPB AMT: 1,717,452.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 256
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031066129 MORTGAGORS: ROBINSON K
DUBOIS ROXANNE
REGION CODE ADDRESS : 1676 LITTLETON PLACE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 478,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,178.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,511.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.75000
----------------------------------------------------------------
0 0031066210 MORTGAGORS: RADOM CARL
RADOM VIRGINIA
REGION CODE ADDRESS : 5939 SEACREST VIEW ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92121
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0031066293 MORTGAGORS: CHAVEZ ADAM
CHAVEZ SUSAN
REGION CODE ADDRESS : 31251 PASEO MONTEVIDEO
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 343,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,991.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,431.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031066335 MORTGAGORS: BANDUCCI MICHAEL
BANDUCCI STACI
REGION CODE ADDRESS : 2829 21ST ST.
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93301
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,569.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031066368 MORTGAGORS: HARRINGTON WILLIAM
HARRINGTON ELIZABETH
REGION CODE ADDRESS : 6504 KELLS COURT
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 232,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,477.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,626.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,630,650.00
P & I AMT: 11,672.17
UPB AMT: 1,628,821.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 257
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031066384 MORTGAGORS: CALVERT MICHAEL
CALVERT CHRISTINE
REGION CODE ADDRESS : 9417 SWAN LAKE DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
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 : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.52900
----------------------------------------------------------------
0 0031066434 MORTGAGORS: HARDING WYNN
HARDING PATRICIA
REGION CODE ADDRESS : 815 FLATIRONS CT.
01 CITY : LOUISVILLE
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,750.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,536.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.66600
----------------------------------------------------------------
0 0031066442 MORTGAGORS: BARKER TIMOTHY
REGION CODE ADDRESS : 358 HEARTHSTONE
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 281,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,996.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.41300
----------------------------------------------------------------
0 0031066632 MORTGAGORS: WISE BRADLEY
WISE SOO
REGION CODE ADDRESS : 31261 PASEO MONTEVIDEO
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,477.22 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 : 78.99600
----------------------------------------------------------------
0 0031066699 MORTGAGORS: WESLEY SHIRIN
REGION CODE ADDRESS : 7677 EAST MOONRIDGE LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,614.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.95 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: 1,524,200.00
P & I AMT: 10,845.47
UPB AMT: 1,522,653.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 258
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031066707 MORTGAGORS: HAYMAN EDWARD
HAYMAN DEBORAH
REGION CODE ADDRESS : 2830 WHITE SALMON CRT.
01 CITY : WEST LINN
STATE/ZIP : OR 97068
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,663.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.86906
----------------------------------------------------------------
0 0031066715 MORTGAGORS: SIMMS MICHAEL
SIMMS JULIA
REGION CODE ADDRESS : 10435 WHITE BIRCH DR.
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,438.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,739.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031066731 MORTGAGORS: WORCESTER PIERCE
WORCESTER KAREN
REGION CODE ADDRESS : 838 PUUOMAO STREET
01 CITY : HONOLULU
STATE/ZIP : HI 96825
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.76200
----------------------------------------------------------------
0 0031066756 MORTGAGORS: COWLING COLEMAN
REGION CODE ADDRESS : 74340 LAURELWOOD RD
01 CITY : RAINTER
STATE/ZIP : OR 97048
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,681.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.18100
----------------------------------------------------------------
0 0031066764 MORTGAGORS: WOOD JOHN
WOOD TARA
REGION CODE ADDRESS : 1362 VESTER HOF
01 CITY : SOLVANG
STATE/ZIP : CA 93463
MORTGAGE AMOUNT : 286,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,034.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,492,450.00
P & I AMT: 10,655.19
UPB AMT: 1,490,816.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 259
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031066780 MORTGAGORS: PAGE GALE
PAGE CHERYL
REGION CODE ADDRESS : 20351 ROCKWOOD TRAIL
01 CITY : MORRISON
STATE/ZIP : CO 80465
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,405.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.61500
----------------------------------------------------------------
0 0031066798 MORTGAGORS: KLOP RUSS
KLOP MICHELLE
REGION CODE ADDRESS : 11 CRANWELL
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 220,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,574.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.98500
----------------------------------------------------------------
0 0031066939 MORTGAGORS: MATTHEWS BRUCE
MATTHEWS LISA
REGION CODE ADDRESS : 7101 CHARDON COURT
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 286,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,500.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.99000
----------------------------------------------------------------
0 0031066996 MORTGAGORS: PRODOEHL ROBERT
PRODOEHL DEBORAH
REGION CODE ADDRESS : 1542 FORREST TRAIL CIRCLE
01 CITY : DOVER TOWNSHIP
STATE/ZIP : NJ 08753
MORTGAGE AMOUNT : 233,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,800.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0031067069 MORTGAGORS: BRADLEY DONALD
BRADLEY MARIANNE
REGION CODE ADDRESS : 4520 RIDGEWOOD DRIVE
01 CITY : CARNELIAN BAY
STATE/ZIP : CA 96140
MORTGAGE AMOUNT : 370,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,948.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,532,250.00
P & I AMT: 10,993.25
UPB AMT: 1,530,229.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 260
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031067093 MORTGAGORS: JENSEN MATTHEW
JENSEN THERESA
REGION CODE ADDRESS : 240 BAYLISE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95139
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,299.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031067127 MORTGAGORS: STANFIELD MARK
STANFIELD JAMIE
REGION CODE ADDRESS : 107 ARROWSMITH DRIVE
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 218,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,582.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.97900
----------------------------------------------------------------
0 0031067168 MORTGAGORS: LONG ROBERT
LONG DIANA
REGION CODE ADDRESS : 39268 WATERVIEW DRIVE
01 CITY : BIG BEAR LAKE
STATE/ZIP : CA 92315
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,825.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.95100
----------------------------------------------------------------
0 0031067184 MORTGAGORS: KATZ JEFFREY
KATZ BETHANI
REGION CODE ADDRESS : 387 SOUTHRIDGE DRIVE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 337,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,349.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,360.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031067325 MORTGAGORS: MASON MICHAEL
MASON KATHRYN
REGION CODE ADDRESS : 760 SUNFIELD COURT
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 443,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,170.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,102.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,537,100.00
P & I AMT: 10,918.50
UPB AMT: 1,535,944.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 261
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031067358 MORTGAGORS: NEUMANN PAUL
REGION CODE ADDRESS : 1200 OLD GULPH ROAD
01 CITY : ROSEMONT
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 543,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 543,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,942.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031067416 MORTGAGORS: VAN PEURSEM DAVID
VAN PEURSEM JANET
REGION CODE ADDRESS : 21 BLUEJAY
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,997.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,976.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031067465 MORTGAGORS: ASH TIMOTHY
BORDEAUX-ASH CLAUDIA
REGION CODE ADDRESS : 1894 MARC HANNA WAY
01 CITY : STEVENSON
STATE/ZIP : WA 98648
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.02531
----------------------------------------------------------------
0 0031067507 MORTGAGORS: LOWERY KEVIN
HINSON CRYSTAL
REGION CODE ADDRESS : 1038 7TH ST
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,781.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031067523 MORTGAGORS: CHEN ZHIHUI
ZHU WENLI
REGION CODE ADDRESS : 1 CALICO COURT
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,845.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,571,950.00
P & I AMT: 11,229.40
UPB AMT: 1,571,206.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 262
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031067754 MORTGAGORS: POLCHOW KURT
POLCHOW JAN
REGION CODE ADDRESS : 2425 SYLVAN LANE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,516.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.39400
----------------------------------------------------------------
0 0031067770 MORTGAGORS: MADLAMBAYAN SEVERIANO
MADLAMBAYAN GAYLA
REGION CODE ADDRESS : 141 ALDENGLEN DRIVE
01 CITY : S. SAN FRANSISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 345,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,162.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,504.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.56400
----------------------------------------------------------------
0 0031067804 MORTGAGORS: MACGILLIVRAY PETER
MACGILLIVRAY DIANE
REGION CODE ADDRESS : 3561 GIDDINGS RANCH ROAD
01 CITY : ALTADENA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 283,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,683.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031067911 MORTGAGORS: HANDLOSER JAMES
REGION CODE ADDRESS : 275 BEEMER AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,344.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031067929 MORTGAGORS: GUILD ARTHUR
GUILD VALERIE
REGION CODE ADDRESS : 9 FAIRVIEW AVENUE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 487,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,147.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,450.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.64200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,606,300.00
P & I AMT: 11,462.89
UPB AMT: 1,604,854.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 263
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031067945 MORTGAGORS: JEREMIAH MARYALYCE
KEARNEY JUNE
REGION CODE ADDRESS : 917 RASHFORD DRIVE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.66666
----------------------------------------------------------------
0 0031067952 MORTGAGORS: JARMAN SCOTT
JARMAN DEBRA
REGION CODE ADDRESS : 2619 200TH AVENUE EAST
01 CITY : SUMNER
STATE/ZIP : WA 98390
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,792.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,267.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.63900
----------------------------------------------------------------
0 0031067978 MORTGAGORS: FERRIS DEAN
FERRIS CHRISTINE
REGION CODE ADDRESS : 23116 213TH AVENUE SOUTHEAST
01 CITY : MONROE
STATE/ZIP : WA 98272
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,763.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.22220
----------------------------------------------------------------
0 0031068034 MORTGAGORS: BAYER JEANNE
BAYER MARTIN
REGION CODE ADDRESS : 208 SPENCER AVENUE
01 CITY : SAUSALITO
STATE/ZIP : CA 94965
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,639.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.43700
----------------------------------------------------------------
0 0031068042 MORTGAGORS: DANO JACULEEN
REGION CODE ADDRESS : 4106 AVENUE G
01 CITY : AUSTIN
STATE/ZIP : TX 78751
MORTGAGE AMOUNT : 308,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,537.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,238.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,564,750.00
P & I AMT: 11,351.61
UPB AMT: 1,563,924.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 264
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031068083 MORTGAGORS: VARADARAJAN DODDAGADDAVALLI
VARADARAJAN JAYASHREE
REGION CODE ADDRESS : 1050 CASLETON WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,789.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,479.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031068109 MORTGAGORS: MILLER JANICE
ACTON DAVID
REGION CODE ADDRESS : 1115 EGRET CIRCLE N
01 CITY : JUPITER
STATE/ZIP : FL 33458
MORTGAGE AMOUNT : 254,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,574.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.87500
----------------------------------------------------------------
0 0031068117 MORTGAGORS: BRODSKY STEPHEN
BRODSKY SHARON
REGION CODE ADDRESS : 108 MOZART AVENUE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,700.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,037.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031068125 MORTGAGORS: WEINTRAUB GERALD
REGION CODE ADDRESS : 1396 SUMMIT RD
01 CITY : BERKELEY
STATE/ZIP : CA 94708
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.96500
----------------------------------------------------------------
0 0031068182 MORTGAGORS: CURLEY TODD
CURLEY VERONICA
REGION CODE ADDRESS : 111 LAKERIDGE LANE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 265,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,544.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,577,800.00
P & I AMT: 11,463.58
UPB AMT: 1,576,395.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 265
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031068216 MORTGAGORS: CARTER FRANK
CARTER LORETTA
REGION CODE ADDRESS : 208 LOGAN AVENUE
01 CITY : WYOMISSING
STATE/ZIP : PA 19610
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,800.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,186.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.94000
----------------------------------------------------------------
0 0031068224 MORTGAGORS: SAMRA KULDIP
SAMRA DROPATI
REGION CODE ADDRESS : 1260 BEL AIR DR
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,561.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031068273 MORTGAGORS: PARSONS DONALD
PARSONS JANIECE
REGION CODE ADDRESS : 3333 COUNTRY CLUB BOULEVARD
01 CITY : STOCKTON
STATE/ZIP : CA 95204
MORTGAGE AMOUNT : 191,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 190,935.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,386.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031068281 MORTGAGORS: CONWAY MICHAEL
CONWAY MEGHAN
REGION CODE ADDRESS : 40 FAIRFIELD BEACH RD
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,088.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031068323 MORTGAGORS: WARREN LESLIE
WARREN ELISE
REGION CODE ADDRESS : 55 BISHOP LANE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,814.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,308,700.00
P & I AMT: 9,301.59
UPB AMT: 1,307,200.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 266
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031068364 MORTGAGORS: WANG DAVID
REGION CODE ADDRESS : 4230 CEDARWOOD ROAD
01 CITY : ST LOUIS PARK
STATE/ZIP : MN 55416
MORTGAGE AMOUNT : 252,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,417.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031068380 MORTGAGORS: SANDY MARK
SANDY KAREN
REGION CODE ADDRESS : 118 LAS VEGAS ROAD
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 329,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,023.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031068430 MORTGAGORS: SILVA MELVIN
SILVA GEORGIA
REGION CODE ADDRESS : 366 KA AWAKEA ROAD
01 CITY : KAILUA
STATE/ZIP : HI 96734
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,142.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,691.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 69.30600
----------------------------------------------------------------
0 0031068455 MORTGAGORS: EGAN JOHN
WONG MABEL
REGION CODE ADDRESS : 3175 HUELANI DRIVE
01 CITY : HONOLULU
STATE/ZIP : HI 96822
MORTGAGE AMOUNT : 476,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,110.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,452.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031068570 MORTGAGORS: TAYLOR RICHMOND
REGION CODE ADDRESS : 23848 SKYLINE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 373,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,236.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,781,450.00
P & I AMT: 12,994.24
UPB AMT: 1,778,930.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 267
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031068653 MORTGAGORS: MARK ARNOLD
MARK SHIRLEY
REGION CODE ADDRESS : 6672 VICKIVIEW DRIVE
01 CITY : WEST HILLS AREA
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 261,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,010.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.84200
----------------------------------------------------------------
0 0031068737 MORTGAGORS: CHAPMAN MICHAEL
CHAPMAN LAURA
REGION CODE ADDRESS : 11371 LEGACY TERRACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.07200
----------------------------------------------------------------
0 0031068794 MORTGAGORS: SHALER DENNIS
SHALER SHARON
REGION CODE ADDRESS : 5210 WAR WAGON DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031069040 MORTGAGORS: MCLEAN CHARLES
MCLEAN LINDA
REGION CODE ADDRESS : 30608 EL SUENO DRIVE
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 358,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,051.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,599.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.66600
----------------------------------------------------------------
0 0031069057 MORTGAGORS: OLSON RONALD
OLSON HEIDI
REGION CODE ADDRESS : 21755 SUTHERLAND DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,749.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,727.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 78.31500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,483,700.00
P & I AMT: 10,720.68
UPB AMT: 1,482,469.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 268
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031069065 MORTGAGORS: GAM MICHAEL
GAM DEBORAH
REGION CODE ADDRESS : 6406 FORESTER DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,710.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.36900
----------------------------------------------------------------
0 0031069073 MORTGAGORS: COHEN ALLAN
COHEN ELIZABETH
REGION CODE ADDRESS : 2893 DUNLEER PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 354,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,856.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,567.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.97800
----------------------------------------------------------------
0 0031069081 MORTGAGORS: SPIKER WILLIAM
SPIKER ISABEL
REGION CODE ADDRESS : 1175 GALVEZ DRIVE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,824.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.54600
----------------------------------------------------------------
0 0031069099 MORTGAGORS: CARRIER LAURA
REGION CODE ADDRESS : 5041 SAN JOAQUIN DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,794.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 76.25000
----------------------------------------------------------------
0 0031069115 MORTGAGORS: DEVLIN THOMAS
DEVLIN LYNDA
REGION CODE ADDRESS : 20105 NOB HILL DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 258,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,576.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 72.88700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,572,850.00
P & I AMT: 11,380.25
UPB AMT: 1,571,762.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 269
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031069149 MORTGAGORS: BEAUMONT BELLANY
REGION CODE ADDRESS : 715 LARKSPUR AVENUE #1
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,766.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
0 0031069164 MORTGAGORS: HONG EDWARD
HONG SUSAN
REGION CODE ADDRESS : 22 PACKET ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.95800
----------------------------------------------------------------
0 0031069180 MORTGAGORS: NORVELL FLOANN
NORVELL RUSSEL
REGION CODE ADDRESS : 14240 HEADLANDS DRIVE
01 CITY : CASPER
STATE/ZIP : CA 95420
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 44.40000
----------------------------------------------------------------
0 0031069263 MORTGAGORS: SAKAMOTO MYRON
SAKAMOTO HENLIE
REGION CODE ADDRESS : 7814 WOODHALL AVENUE
01 CITY : WEST HILLS AREA
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 273,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,011.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.33159
----------------------------------------------------------------
0 0031069289 MORTGAGORS: HALL CHRISTINA
BRANDT JONATHAN
REGION CODE ADDRESS : 377 RIDER RIDGE ROAD
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95065
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,786.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.83500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,485,200.00
P & I AMT: 10,656.44
UPB AMT: 1,484,307.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 270
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031069297 MORTGAGORS: SCOTT PATRICK
SCOTT JANET
REGION CODE ADDRESS : 783 FAXON AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94112
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,727.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.61700
----------------------------------------------------------------
0 0031069396 MORTGAGORS: SCHWEIKERT MATTHEW
SCHWEIKERT MARDEE
REGION CODE ADDRESS : 150 ARBOR LANE
01 CITY : MOSS BEACH
STATE/ZIP : CA 94038
MORTGAGE AMOUNT : 406,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,227.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,982.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.08600
----------------------------------------------------------------
0 0031069511 MORTGAGORS: APONTE JOSE
APONTE ELIZABETH
REGION CODE ADDRESS : 4583 CLUBHOUSE DR
01 CITY : LAKEWOOD
STATE/ZIP : CA 90712
MORTGAGE AMOUNT : 226,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,231.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,583.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031069545 MORTGAGORS: PECHER GREGORY
PECHER KAREN
REGION CODE ADDRESS : 941 MONICA LANE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,226.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031069578 MORTGAGORS: SHARPE DEAN
REGION CODE ADDRESS : 15 THORNTON COURT
01 CITY : NOVATO
STATE/ZIP : CA 94945
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 : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,441,300.00
P & I AMT: 10,482.49
UPB AMT: 1,440,211.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 271
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031069586 MORTGAGORS: SECKAR STEPHEN
SECKAR BRENDA
REGION CODE ADDRESS : 730 TRAIL ROCK COURT
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
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 : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 79.49500
----------------------------------------------------------------
0 0031069594 MORTGAGORS: KATEBIAN ALI
KATEBIAN PARY
REGION CODE ADDRESS : 21435 VIA PEPITA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 227,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,539.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031069636 MORTGAGORS: GOMEZ LAURENCE
REGION CODE ADDRESS : 1036 AND 1038 NORTH LA JOLLA AVENUE
01 CITY : WEST HOLLYWOOD
STATE/ZIP : CA 90046
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.44400
----------------------------------------------------------------
0 0031069644 MORTGAGORS: SCOTT LAURA
GONZALES TERRY
REGION CODE ADDRESS : 1045 INVERNESS WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,771.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031069719 MORTGAGORS: SCHAPER CHRISTOPHER
SCHAPER ESTELLA
REGION CODE ADDRESS : 1070 SUMMERPLACE COURT
01 CITY : CORONA
STATE/ZIP : CA 91719
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,837.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,774.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 89.62900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,331,700.00
P & I AMT: 9,622.75
UPB AMT: 1,330,776.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 272
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031069735 MORTGAGORS: KAISER LINDA
REGION CODE ADDRESS : 6 MANCHESTER RD
01 CITY : AMHERST
STATE/ZIP : NH 03031
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,624.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.10400
----------------------------------------------------------------
0 0031069768 MORTGAGORS: CHAN JOSEPH
CHAN SARA
REGION CODE ADDRESS : 42459 PASEO PADRE PARKWAY
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 273,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,570.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031069792 MORTGAGORS: CARY JOHN
PILKINGTON LAURA
REGION CODE ADDRESS : 8020 E. MERCER WAY
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,719.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,958.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031069842 MORTGAGORS: BECK LAWRENCE
BECK DORA
REGION CODE ADDRESS : 33110 EGRET WAY
01 CITY : FREMONT
STATE/ZIP : CA 94555
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031069982 MORTGAGORS: COPELAND JEFF
DE MORAES LISA
REGION CODE ADDRESS : 1502 33RD STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,452,750.00
P & I AMT: 10,554.32
UPB AMT: 1,451,760.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 273
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031070063 MORTGAGORS: GAULT GARY
GAULT SANDRA
REGION CODE ADDRESS : 3152 DENTON PLACE
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,774.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031070220 MORTGAGORS: WILLDEN JAMES
WILLDEN LORI
REGION CODE ADDRESS : 1110 REDINGTON COURT
01 CITY : TRACY
STATE/ZIP : CA 95376
MORTGAGE AMOUNT : 218,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,295.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,565.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031070311 MORTGAGORS: ECKHAUS LEONARD
ECKHAUS LINDA
REGION CODE ADDRESS : 29212 BIG RANGE ROAD
01 CITY : CANYON LAKE
STATE/ZIP : CA 92587
MORTGAGE AMOUNT : 419,481.19 OPTION TO CONVERT :
UNPAID BALANCE : 412,414.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,067.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/25
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.14739
----------------------------------------------------------------
0 0031070337 MORTGAGORS: SHIMABE TAKAO
SHIMABE MIKIKO
REGION CODE ADDRESS : 155 BELHAVEN DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 366,432.11 OPTION TO CONVERT :
UNPAID BALANCE : 360,884.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,679.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/25
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 83.85100
----------------------------------------------------------------
0 0031070352 MORTGAGORS: BURGESS JOHN
BURGESS BRANDY
REGION CODE ADDRESS : 7619 FREEDOM WOODS DR.
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46259
MORTGAGE AMOUNT : 249,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,971.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,917.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,557,713.30
P & I AMT: 11,355.55
UPB AMT: 1,544,340.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 274
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031070394 MORTGAGORS: CRETELLA HENRY
CRETELLA RUTH
REGION CODE ADDRESS : 17 STONEHEDGE ROAD
01 CITY : LINCOLN
STATE/ZIP : MA 01773
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,226.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 51.60300
----------------------------------------------------------------
0 0031070410 MORTGAGORS: MCKINNEY J
MCKINNEY BEATRICE
REGION CODE ADDRESS : 15260 VALI HAI ROAD
01 CITY : POWAY
STATE/ZIP : CA 92064
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031070428 MORTGAGORS: WARREN JAMES
WARREN SHIRLEY
REGION CODE ADDRESS : 6 MANSION DRIVE
01 CITY : TOPSFIELD
STATE/ZIP : MA 01983
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,956.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031070436 MORTGAGORS: BIRNBACH BRUCE
REGION CODE ADDRESS : 11709 SLATESTONE COURT
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 438,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,424.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,067.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.99700
----------------------------------------------------------------
0 0031070444 MORTGAGORS: BALL JAMES
BALL ANN MARIE
REGION CODE ADDRESS : 1874 WEST CARDIFF ROAD
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,618.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,437,200.00
P & I AMT: 10,408.45
UPB AMT: 1,436,058.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 275
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031070451 MORTGAGORS: WENDZEL STAN
WENDZEL DENISE
REGION CODE ADDRESS : 2207 VIA IRIS
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 293,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,552.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.75500
----------------------------------------------------------------
0 0031070501 MORTGAGORS: CAYTON THOMAS
CAYTON MARCIA
REGION CODE ADDRESS : 563 ROSSO COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 447,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,700.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,279.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.06800
----------------------------------------------------------------
0 0031070600 MORTGAGORS: FIORENTINE ROBERT
FIORENTINE MICHELLE
REGION CODE ADDRESS : 118 N. LA JOLLA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,784.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.11764
----------------------------------------------------------------
0 0031070642 MORTGAGORS: HART` ANN
REGION CODE ADDRESS : 521 OAKWOOD
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 180,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,289.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 30.00000
----------------------------------------------------------------
0 0031070931 MORTGAGORS: BRACHFELD LARRY
REGION CODE ADDRESS : 260 FLORIDA HILL ROAD
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,999.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,478,500.00
P & I AMT: 10,805.97
UPB AMT: 1,475,036.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 276
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031070998 MORTGAGORS: MANKEY JAMES
MANKEY CAROLINE
REGION CODE ADDRESS : 1967 W. SILVER LAKE DR
01 CITY : LOS ANGELES
STATE/ZIP : CA 90039
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071087 MORTGAGORS: UNDERWOOD RANDALL
UNDERWOOD TRACY
REGION CODE ADDRESS : 1233 BLOOMFIELD STREET
01 CITY : HOBOKEN
STATE/ZIP : NJ 07030
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031071095 MORTGAGORS: MONTE JOSEPH
MONTE ELAINE
REGION CODE ADDRESS : 5 TANGLEWOOD COURT
01 CITY : COLTS NECK
STATE/ZIP : NJ 07722
MORTGAGE AMOUNT : 584,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 584,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,133.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071160 MORTGAGORS: TUERPE DIETER
TUERPE ANNE
REGION CODE ADDRESS : 8075 SKYLINE BLVD.
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.81400
----------------------------------------------------------------
0 0031071178 MORTGAGORS: JOHNSTON RICHARD
JOHNSTON JUDITH
REGION CODE ADDRESS : 905 HARTMAN COURT
01 CITY : MODESTO
STATE/ZIP : CA 95355
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,806.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,764,500.00
P & I AMT: 12,593.45
UPB AMT: 1,764,095.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 277
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031071236 MORTGAGORS: KNISTER MICHAEL
PAMMIDIMUKKALA PADMASRI
REGION CODE ADDRESS : 538 COLE CIRCLE
01 CITY : INCLINE VILLAGE
STATE/ZIP : NV 89451
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,743.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,697.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071301 MORTGAGORS: WHITNEY JERRY
KREMLER CHERYL
REGION CODE ADDRESS : 3520 BUTCHER DRIVE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.90400
----------------------------------------------------------------
0 0031071327 MORTGAGORS: BUCKLES BRENT
BUCKLES BAMBI
REGION CODE ADDRESS : 25 CARIBE ISLE
01 CITY : NOVATO
STATE/ZIP : CA 94949
MORTGAGE AMOUNT : 377,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,733.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,700.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.03500
----------------------------------------------------------------
0 0031071335 MORTGAGORS: TUCKER THOMAS
ROYSTER KIM
REGION CODE ADDRESS : 1945 MAVERICK LANE
01 CITY : LEMON HEIGHTS AREA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,666.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,381.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071343 MORTGAGORS: KOLAR CHARLES
KOLAR JILL
REGION CODE ADDRESS : 2533 COTTLE AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.12300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,754,000.00
P & I AMT: 12,644.23
UPB AMT: 1,752,777.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 278
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031071368 MORTGAGORS: SMITH MARTIN
SMITH KAY
REGION CODE ADDRESS : RT 2 BOX 334A
01 CITY : LEWISBURG
STATE/ZIP : WV 24901
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031071400 MORTGAGORS: TERPSTRA MARSHALL
KHONG-TERPSTRA SYLVIA
REGION CODE ADDRESS : 860 HELEN DRIVE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,817.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.71400
----------------------------------------------------------------
0 0031071418 MORTGAGORS: ABDEL-RAHMAN JAMAL
REGION CODE ADDRESS : 2433 MICHIGAN DRIVE
01 CITY : CLAREMONT
STATE/ZIP : CA 91711
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,195.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,638.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.29800
----------------------------------------------------------------
0 0031071426 MORTGAGORS: DENMAN RICHARD
DENMAN MARIANNE
REGION CODE ADDRESS : 2703 WITHERIDGE ROAD
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,082.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,925.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031071442 MORTGAGORS: BOZYM WILLIAM
STEIL-BOZYM TONI
REGION CODE ADDRESS : 64 VALLA COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 234,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,616.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,601.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,600,800.00
P & I AMT: 11,699.57
UPB AMT: 1,597,553.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 279
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031071459 MORTGAGORS: CHEN STACY
CHEN KATIE
REGION CODE ADDRESS : 4710 PARKWEST DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95130
MORTGAGE AMOUNT : 228,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,638.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071467 MORTGAGORS: PRITCHARD MARTHA
PRITCHARD PAULA
REGION CODE ADDRESS : 4063 ROSS AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 239,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,589.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,759.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98800
----------------------------------------------------------------
0 0031071483 MORTGAGORS: WONG VINCENT
LEE DELPHINE
REGION CODE ADDRESS : 16180 OLEANDER AVENUE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,694.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,345.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.94800
----------------------------------------------------------------
0 0031071525 MORTGAGORS: TORNEROS JESSE
TORNEROS JEANNETTE
REGION CODE ADDRESS : 1463 LEAFTREE CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031071566 MORTGAGORS: COOLEY J L
COOLEY ANNETTE
REGION CODE ADDRESS : 8350 COVENTRY COURT
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,831.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 49.79200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,383,550.00
P & I AMT: 10,051.70
UPB AMT: 1,382,601.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 280
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031071574 MORTGAGORS: SHAH MINESH
HARTANA IDAWATI
REGION CODE ADDRESS : 891 WEST IOWA AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071590 MORTGAGORS: PEARSON MILO
PEARSON GALE
REGION CODE ADDRESS : 5638 MARCHESE COURT
01 CITY : FAIR OAKS
STATE/ZIP : CA 95628
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 : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031071608 MORTGAGORS: KREISKOTT RICHARD
KREISKOTT SUSY
REGION CODE ADDRESS : 2521 STUTSMAN DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,815.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 86.45200
----------------------------------------------------------------
0 0031071616 MORTGAGORS: BEDNARZ MICHAEL
BEDNARZ GAIL
REGION CODE ADDRESS : 4208 TALLOWOOD DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78731
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
0 0031071624 MORTGAGORS: MANNING DANIEL
MANNING ANN
REGION CODE ADDRESS : 15240 LA ROCCA DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 219,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,841.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,550.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.04160
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,329,250.00
P & I AMT: 9,574.97
UPB AMT: 1,328,321.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 281
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031071632 MORTGAGORS: LEOS ROBERT
LEOS BEVERLY
REGION CODE ADDRESS : 18521 EAST ROBIN WAY
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 344,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,124.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98140
----------------------------------------------------------------
0 0031071657 MORTGAGORS: COFFMAN JIM
DAVIS STEPHANIE
REGION CODE ADDRESS : 362 WEST 12TH STREET
01 CITY : CLAREMONT
STATE/ZIP : CA 91711
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,800.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071665 MORTGAGORS: POTTER CHRISTOPHER
MAMMEL LISA
REGION CODE ADDRESS : 33 TAIT AVENUE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,727.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,088.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
0 0031071673 MORTGAGORS: BERNIE JEROME
BERNIE OPHELIA
REGION CODE ADDRESS : 3806 PARKVIEW COURT
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 351,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,651.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,521.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031071681 MORTGAGORS: BUGESCU EUGENE
BUGESCU ENIKO
REGION CODE ADDRESS : 5031 PASEO SEGOVIA
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 260,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,779.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.98200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,649,250.00
P & I AMT: 11,821.19
UPB AMT: 1,648,083.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 282
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031071699 MORTGAGORS: CASTILLO LUIS
CASTILLO CARMEN
REGION CODE ADDRESS : 1507 EAST VINE AVENUE
01 CITY : WEST COVINA
STATE/ZIP : CA 91791
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,199.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071715 MORTGAGORS: SARRACINO ROSS
SARRACINO STEPHANIE
REGION CODE ADDRESS : 7 LONGBOURN AISLE
01 CITY : IRVINE
STATE/ZIP : CA 92612
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.63200
----------------------------------------------------------------
0 0031071723 MORTGAGORS: HAIGH SCOTT
HAIGH LORI
REGION CODE ADDRESS : 9712 WILLOW GLENN CIRCLE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 290,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,217.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.66200
----------------------------------------------------------------
0 0031071756 MORTGAGORS: WHISENHUNT DAVID
WHISENHUNT DIANE
REGION CODE ADDRESS : 11402 RAMPART DRIVE
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 238,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,294.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,668.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.76200
----------------------------------------------------------------
0 0031071764 MORTGAGORS: BURDOGNA MARIANNE
REGION CODE ADDRESS : 484 FULTON COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,751.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,521.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,439,700.00
P & I AMT: 10,201.61
UPB AMT: 1,438,264.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 283
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031071772 MORTGAGORS: COVARRUBIAS AUGUSTIN
COVARRUBIAS MAGDALENA
REGION CODE ADDRESS : 5559 W PHILLIPS BOULEVARD
01 CITY : CHINO
STATE/ZIP : CA 91762
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,815.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031071806 MORTGAGORS: THIRET ROGER
THIRET SUSAN
REGION CODE ADDRESS : 22291 CHIPPEWA LANE
01 CITY : GOLDEN
STATE/ZIP : CO 80401
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 48.80400
----------------------------------------------------------------
0 0031071863 MORTGAGORS: VOLPE MICHAEL
NICOSIA FRANCES
REGION CODE ADDRESS : 2301 CHERRY STREET #9D
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19103
MORTGAGE AMOUNT : 106,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 106,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 744.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 78.02100
----------------------------------------------------------------
0 0031071939 MORTGAGORS: BLACK DARRYL
BLACK BETTY
REGION CODE ADDRESS : 18946 SILVERBIT LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,312.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072010 MORTGAGORS: EGGLESTON MAURICE
EGGLESTON MARGARET
REGION CODE ADDRESS : 11 GARLAND DRIVE
01 CITY : NEWPORT NEWS
STATE/ZIP : VA 23606
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,641.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,346,500.00
P & I AMT: 9,612.90
UPB AMT: 1,345,957.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 284
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072044 MORTGAGORS: HILL WILLIE
HILL HARVENIA
REGION CODE ADDRESS : 725 WOODSHIRE TRAIL
01 CITY : ATLANTA
STATE/ZIP : GA 30331
MORTGAGE AMOUNT : 222,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,097.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98200
----------------------------------------------------------------
0 0031072051 MORTGAGORS: FREDIAN THOMAS
FREDIAN CAROL
REGION CODE ADDRESS : 290 HUNTING ROAD
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 263,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,733.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072101 MORTGAGORS: RUSSELL EDWARD
POWER DIANE
REGION CODE ADDRESS : 319 DAVIS STREET
01 CITY : NORTHBOROUGH
STATE/ZIP : MA 01532
MORTGAGE AMOUNT : 265,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,003.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072135 MORTGAGORS: BLACK MARY
BLACK KARL
REGION CODE ADDRESS : 3448 STANFORD AVE
01 CITY : UNIVERSITY PARK
STATE/ZIP : TX 75225
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072150 MORTGAGORS: CLARK RICHARD
CLARK JAN
REGION CODE ADDRESS : 504 HIGH POINT PLACE E.
01 CITY : PEORIA
STATE/ZIP : IL 61614
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.43200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,289,970.00
P & I AMT: 9,168.11
UPB AMT: 1,289,246.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 285
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072168 MORTGAGORS: REYNOLDS REX
REYNOLDS CHERYL
REGION CODE ADDRESS : 4706 - 21ST STREET
01 CITY : LUBBOCK
STATE/ZIP : TX 79407
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,723.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,023.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.73585
----------------------------------------------------------------
0 0031072176 MORTGAGORS: GONZALEZ-ROCCO ALEJANDRO
GARZA-CRUZ GLORIA
REGION CODE ADDRESS : 9156 COLLINS AVE # 107
01 CITY : SURFSIDE
STATE/ZIP : FL 33154
MORTGAGE AMOUNT : 79,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 79,161.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 665.96 OUTSIDE CONV DATE :
LIFETIME RATE : 9.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031072200 MORTGAGORS: DONAHUE THOMAS
DONAHUE KIMBERLY
REGION CODE ADDRESS : 687 QUESTOVER LANE
01 CITY : ST. LOUIS
STATE/ZIP : MO 63141
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,683.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,335.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072218 MORTGAGORS: BRANT EDWARD
BRANT DOROTHY
REGION CODE ADDRESS : 1301 CHERRY ST MIDDLE TWP.
01 CITY : GREEN GREEK
STATE/ZIP : NJ 08219
MORTGAGE AMOUNT : 101,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 101,541.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 799.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031072242 MORTGAGORS: DE LUCA GERALD
DE LUCA ROSEMARIE
REGION CODE ADDRESS : 38 PARK ST UNIT 1-C
01 CITY : FLORHAM PARK
STATE/ZIP : NJ 07932
MORTGAGE AMOUNT : 60,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 59,968.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 493.61 OUTSIDE CONV DATE :
LIFETIME RATE : 9.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.25000 PRODUCT CODE : 250
LTV : 33.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,112,800.00
P & I AMT: 8,317.29
UPB AMT: 1,112,078.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 286
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072275 MORTGAGORS: FROHBOSE FREDERICK
FROHBOSE BARBARA
REGION CODE ADDRESS : 1628 LAFAYETTE AV
01 CITY : ROCKY MOUNT
STATE/ZIP : NC 27803
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,703.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.88700
----------------------------------------------------------------
0 0031072283 MORTGAGORS: BOLGER ROBERT
BOLGER ADRIENNE
REGION CODE ADDRESS : 610 SIERRA MEADOWS DRIVE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072317 MORTGAGORS: SCHAMU CARL
SCHAMU HARUMI
REGION CODE ADDRESS : 307 LORE COURT
01 CITY : LEXINGTON PARK
STATE/ZIP : MD 20653
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,768.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.13800
----------------------------------------------------------------
0 0031072325 MORTGAGORS: TRAHAN PATRICK
TRAHAN LYNN
REGION CODE ADDRESS : 4506 WILLOWICK BLVD
01 CITY : ALEXANDRIA
STATE/ZIP : LA 71303
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,817.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072366 MORTGAGORS: MONROE GARY
MONROE JULIE
REGION CODE ADDRESS : 36 OCEAN POINT SOUTH
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,707.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,973.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.45100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,658,200.00
P & I AMT: 11,808.54
UPB AMT: 1,657,196.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 287
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072374 MORTGAGORS: THOMPSON CHARLES
THOMPSON LINDA
REGION CODE ADDRESS : 22456 W. HACIENDA DR
01 CITY : GRASS VALLEY
STATE/ZIP : CA 95949
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,786.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,400.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031072390 MORTGAGORS: NUNLEY STEVEN
NUNLEY KIMBERLY
REGION CODE ADDRESS : 12800 CALLE DEL OSO PLACE NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87111
MORTGAGE AMOUNT : 392,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,522.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,814.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072408 MORTGAGORS: WILKINS HOWARD
HAENER-WILKINS KAREN
REGION CODE ADDRESS : 20 MONTECITO DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 592,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 592,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,292.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072416 MORTGAGORS: ROSE JOHN
ROSE CHERYL
REGION CODE ADDRESS : 1802 TOWNSEND FORREST LANE
01 CITY : BROWNS SUMMIT
STATE/ZIP : NC 27214
MORTGAGE AMOUNT : 272,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,035.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,092.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 93.86200
----------------------------------------------------------------
0 0031072424 MORTGAGORS: SCHAPPERLE JOHN
SCHAPPERLE POLLY
REGION CODE ADDRESS : 1322 WEXFORD PL W
01 CITY : PEORIA
STATE/ZIP : IL 61615
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,707,000.00
P & I AMT: 12,557.17
UPB AMT: 1,706,158.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 288
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072457 MORTGAGORS: TIDERINGTON KENNETH
REGION CODE ADDRESS : 311 FIELDSTON RD
01 CITY : BELLINGHAM
STATE/ZIP : WA 98225
MORTGAGE AMOUNT : 413,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,342.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,143.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 75.88900
----------------------------------------------------------------
0 0031072473 MORTGAGORS: REYES MIRIAM
REGION CODE ADDRESS : 14839 SW 110TH TERRACE
01 CITY : MIAMI
STATE/ZIP : FL 33196
MORTGAGE AMOUNT : 116,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,942.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 975.39 OUTSIDE CONV DATE :
LIFETIME RATE : 9.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.50000 PRODUCT CODE : 250
LTV : 77.33300
----------------------------------------------------------------
0 0031072499 MORTGAGORS: MARSHALL PEGGY
MARSHALL JAMES
REGION CODE ADDRESS : 4277 VEGA LOOP
01 CITY : SHINGLE SPRINGS
STATE/ZIP : CA 95682
MORTGAGE AMOUNT : 237,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,256.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 79.13300
----------------------------------------------------------------
0 0031072523 MORTGAGORS: NEYMAN ALEXANDER
NEYMAN NINA
REGION CODE ADDRESS : 21177 CREEKSIDE
01 CITY : KILDEER
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,795.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.13900
----------------------------------------------------------------
0 0031072549 MORTGAGORS: WILSON ROBERT
WILSON SANDRA
REGION CODE ADDRESS : 505 HARRISON AVENUE
01 CITY : ORANGE PARK
STATE/ZIP : FL 32065
MORTGAGE AMOUNT : 88,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 87,951.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 708.07 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,130,000.00
P & I AMT: 8,575.36
UPB AMT: 1,129,289.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 289
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072556 MORTGAGORS: PHILLIPS CLAUDE
PHILLIPS LEIGH ANN
REGION CODE ADDRESS : 2901 WALL STORE RD
01 CITY : GARNER
STATE/ZIP : NC 27529
MORTGAGE AMOUNT : 144,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 144,201.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,071.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 71.79100
----------------------------------------------------------------
0 0031072564 MORTGAGORS: MARIANI DAVID
MARIANI CLAIRE
REGION CODE ADDRESS : 1315 WOODRUFF AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 512,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,579.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072572 MORTGAGORS: PRESLER BERNHARD
PRESLER HONORA
REGION CODE ADDRESS : 13000 SW 29 CT
01 CITY : DAVIE
STATE/ZIP : FL 33330
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,241.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072598 MORTGAGORS: MCKEE RICHARD
MCKEE LINDA
REGION CODE ADDRESS : 31 CARLSON COURT
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,696.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 74.62600
----------------------------------------------------------------
0 0031072614 MORTGAGORS: FROST MICHELE
REGION CODE ADDRESS : 6755 W. BROWARD BLVD # 310
01 CITY : PLANTATION
STATE/ZIP : FL 33317
MORTGAGE AMOUNT : 43,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 43,560.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 350.82 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.00000 PRODUCT CODE : 250
LTV : 78.55800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,192,300.00
P & I AMT: 8,724.31
UPB AMT: 1,191,698.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 290
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072622 MORTGAGORS: ORYSZCZUK MIKE
REGION CODE ADDRESS : 19101 N.E. 36 COURT, UNIT #3110
01 CITY : AVENTURA
STATE/ZIP : FL 33180
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 119,927.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 922.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031072648 MORTGAGORS: LLOYD ROBBIN
LLOYD JANE
REGION CODE ADDRESS : 3450 WESTHAMPTON WAY
01 CITY : GAINSEVILLE
STATE/ZIP : GA 30506
MORTGAGE AMOUNT : 298,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,184.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,112.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.65100
----------------------------------------------------------------
0 0031072663 MORTGAGORS: BRUSKIN CLARK
BRUSKIN CHERYL
REGION CODE ADDRESS : 27 WASHINGTON COURT
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 164,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 163,914.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,349.19 OUTSIDE CONV DATE :
LIFETIME RATE : 9.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.25000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031072671 MORTGAGORS: SETARO CAECILIA
VO NAM
REGION CODE ADDRESS : 1 KIAWAH AVENUE
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 95,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,148.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 766.00 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031072697 MORTGAGORS: LEE ORLIE
LEE WILMA
REGION CODE ADDRESS : 962 CLARELLEN DRIVE
01 CITY : FT MYERS
STATE/ZIP : FL 33919
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,064.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.03 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 924,800.00
P & I AMT: 7,138.98
UPB AMT: 924,239.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 291
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072788 MORTGAGORS: BOZA JANNETTE
REGION CODE ADDRESS : 2730 S.W. 18TH STREET
01 CITY : FT LAUDERDALE
STATE/ZIP : FL 33312
MORTGAGE AMOUNT : 81,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 81,554.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 649.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 250
LTV : 72.85700
----------------------------------------------------------------
0 0031072812 MORTGAGORS: MALLIE ANDRE
MALLIE MELINDA
REGION CODE ADDRESS : 1000 CONCHA STREET
01 CITY : ALTADENA AREA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,841.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072861 MORTGAGORS: GUTERRES STEVE
MUSCIO GINA
REGION CODE ADDRESS : 1246 GLACIER AVENUE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.98358
----------------------------------------------------------------
0 0031072879 MORTGAGORS: HUGHES KENNETH
HUGHES DEBORAH
REGION CODE ADDRESS : 15440 WEATHEROCK WAY
01 CITY : SALINAS
STATE/ZIP : CA 93908
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.55000
----------------------------------------------------------------
0 0031072903 MORTGAGORS: LUIZ MIKE
LUIZ SUSAN
REGION CODE ADDRESS : 21602 TUMERIC COURT
01 CITY : SANTA CLARITA SAUGUS AREA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 175,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,228.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,162,350.00
P & I AMT: 8,401.16
UPB AMT: 1,161,673.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 292
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072986 MORTGAGORS: EDMONSON LEE
EDMONSON JULIE
REGION CODE ADDRESS : 7943 E DESERT COVE AVENUE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.06600
----------------------------------------------------------------
0 0031073125 MORTGAGORS: WALLIS KIMBERLY
CHAVEZ CHRIS
REGION CODE ADDRESS : 5860 N. DURANGO DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89129
MORTGAGE AMOUNT : 225,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,987.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,593.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031073174 MORTGAGORS: POPPE EUGENE
REGION CODE ADDRESS : 729 ADOBE RD NW
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87107
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,830.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031073216 MORTGAGORS: BARRY RICHARD
BARRY PEGGY
REGION CODE ADDRESS : 1247 HAMPTON PARK DR
01 CITY : RICHMOND HEIGHTS
STATE/ZIP : MO 63117
MORTGAGE AMOUNT : 371,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,237.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 53.07100
----------------------------------------------------------------
0 0031073224 MORTGAGORS: GREENY D.
REGION CODE ADDRESS : 3111 17TH STREET N.
01 CITY : ARLINGTON
STATE/ZIP : VA 22201
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,843.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,645.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.85700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,335,650.00
P & I AMT: 9,590.35
UPB AMT: 1,334,899.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 293
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031073364 MORTGAGORS: DISTASO JOHN
DISTASO KIMBERLY
REGION CODE ADDRESS : 701 KENTLAND DRIVE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
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 : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.81800
----------------------------------------------------------------
0 0031073398 MORTGAGORS: FRIEDBERG BRUCE
BARAN MADELYN
REGION CODE ADDRESS : 5 ASHLEY COURT
01 CITY : NOVATO
STATE/ZIP : CA 94945
MORTGAGE AMOUNT : 337,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,367.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.20600
----------------------------------------------------------------
0 0031073430 MORTGAGORS: BRAZIER JOSELYNN
SITGRAVES DARCY
REGION CODE ADDRESS : 1050 VIA CORDOVA
01 CITY : SAN PEDRO
STATE/ZIP : CA 90732
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,834.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.79000
----------------------------------------------------------------
0 0031073869 MORTGAGORS: CARR ANN
CARR MICHAEL
REGION CODE ADDRESS : 201 HAWTHORNE ROAD
01 CITY : HOPKINS
STATE/ZIP : MN 55343
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031073877 MORTGAGORS: ARREOLA RAFAEL
ARREOLA EDUVIGES
REGION CODE ADDRESS : 813 SAN JUAN LANE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,830.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.71600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,325,600.00
P & I AMT: 9,463.15
UPB AMT: 1,324,846.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 294
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031073943 MORTGAGORS: FOHRMAN JEFFREY
FOHRMAN JODY
REGION CODE ADDRESS : 16 WINDGATE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,763.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,399.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.33300
----------------------------------------------------------------
0 0031074073 MORTGAGORS: LE VINH
LE LAN
REGION CODE ADDRESS : 44888 VISTA DEL SOL
01 CITY : FREMONT
STATE/ZIP : CA 94539
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 49.14200
----------------------------------------------------------------
0 0031074107 MORTGAGORS: CRAIG JEFFERY
CRAIG JANICE
REGION CODE ADDRESS : 44030 GEDDY COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,800.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 49.23000
----------------------------------------------------------------
0 0031074131 MORTGAGORS: MOODY KEITH
MOODY SUSAN
REGION CODE ADDRESS : 3440 HOUTS DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95065
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,777.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031074263 MORTGAGORS: TAHBAZ KAMBIZ
TAHBAZ RITA
REGION CODE ADDRESS : 8101 RAYFORD DR
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.82300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,660,000.00
P & I AMT: 12,069.60
UPB AMT: 1,657,857.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 295
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031074404 MORTGAGORS: GAROFALO JOHN
MASON CHRISTIANNE
REGION CODE ADDRESS : 1476 MAPLEWOOD DRIVE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99400
----------------------------------------------------------------
0 0031074941 MORTGAGORS: PEELER PLUMER
PEELER BUFF
REGION CODE ADDRESS : 4026 BLACKTHORNE DRIVE
01 CITY : VACAVILLE
STATE/ZIP : CA 95688
MORTGAGE AMOUNT : 331,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,760.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.09300
----------------------------------------------------------------
0 0031075096 MORTGAGORS: VAN ZAK DAVID
VAN ZAK NINA
REGION CODE ADDRESS : 531 SOUTH HELBERTA AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 306,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,538.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,224.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.68400
----------------------------------------------------------------
0 0031075237 MORTGAGORS: WOLLMAN RUSSELL
WOLLMAN SHARI
REGION CODE ADDRESS : 661 LAS LOMAS AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,266.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031075617 MORTGAGORS: JUE KENDALL
JUE AILEEN
REGION CODE ADDRESS : 12805 STEVENS DRIVE
01 CITY : TUSTIN RANCH
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,768.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,443.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.86660
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,673,000.00
P & I AMT: 12,054.82
UPB AMT: 1,672,317.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 296
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031075674 MORTGAGORS: DEPALO ANGELO
DEPALO A
REGION CODE ADDRESS : 54 GRAHAMPTON LANE
01 CITY : GREENWICH
STATE/ZIP : CT 06830
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 600,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,246.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031075732 MORTGAGORS: FURLONG AARON
FURLONG STEPHANIE
REGION CODE ADDRESS : 2271 26TH STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,831.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.82350
----------------------------------------------------------------
0 0031075799 MORTGAGORS: WENTWORTH ROBERT
WENTWORTH DARLENE
REGION CODE ADDRESS : 4890 RIDING RIDGE ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,296.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.67100
----------------------------------------------------------------
0 0031075849 MORTGAGORS: FRITSCH KEVIN
NEUSCHELER DEBORAH
REGION CODE ADDRESS : 36 LAWRENCIA DRIVE
01 CITY : LAWRENCEVILLE
STATE/ZIP : NJ 08648
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,214.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031075948 MORTGAGORS: TERRIZZANO FRANCISCO
TERRIZZANO LYNN
REGION CODE ADDRESS : 6132 YEADON WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95119
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,829.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.73000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,661,500.00
P & I AMT: 12,020.51
UPB AMT: 1,660,957.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 297
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031075963 MORTGAGORS: POLSON STEVEN
REGION CODE ADDRESS : 929 PINE FLAT ROAD
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,837.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031075971 MORTGAGORS: SEGAL STEVEN
REGION CODE ADDRESS : 45 THUNDERBIRD DRIVE
01 CITY : NOVATO
STATE/ZIP : CA 94949
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,614.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,060.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031076037 MORTGAGORS: EMMERTON KEITH
EMMERTON JEANNIE
REGION CODE ADDRESS : 20824 CHAPARRAL CIRCLE
01 CITY : PENN VALLEY
STATE/ZIP : CA 95946
MORTGAGE AMOUNT : 68,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 67,962.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 547.14 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.00000 PRODUCT CODE : 250
LTV : 34.87100
----------------------------------------------------------------
0 0031076086 MORTGAGORS: SIANO EDWARD
SIANO WANDA
REGION CODE ADDRESS : 127 BAYVIEW AVENUE
01 CITY : EAST ISLIP
STATE/ZIP : NY 11730
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031076201 MORTGAGORS: DAVIDSON ANDREW
DAVIDSON BETTY
REGION CODE ADDRESS : 3210 RICKEY COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,814.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.23500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,348,000.00
P & I AMT: 9,783.80
UPB AMT: 1,347,229.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 298
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031076219 MORTGAGORS: KAISER PETER
REGION CODE ADDRESS : 4448 G STREET
01 CITY : SACRAMENTO
STATE/ZIP : CA 95819
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,848.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031076870 MORTGAGORS: BRANHAM JACKY
BRANHAM SHERRY
REGION CODE ADDRESS : 2017 FM 621
01 CITY : SAN MARCOS
STATE/ZIP : TX 78666
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.32800
----------------------------------------------------------------
0 0031078066 MORTGAGORS: SADDLER RUTH
REGION CODE ADDRESS : 6716 COLCHESTER PLACE
01 CITY : NORCROSS
STATE/ZIP : GA 30093
MORTGAGE AMOUNT : 38,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 38,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 291.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031078462 MORTGAGORS: WENSKE DENNET
WENSKE CATHERINE
REGION CODE ADDRESS : 510 WEST DANA LANE
01 CITY : HOUSTON
STATE/ZIP : TX 77024
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,813.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031078520 MORTGAGORS: BRUNI ERNEST
REGION CODE ADDRESS : 141 NORTH CARMELINA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 49.03800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,038,800.00
P & I AMT: 7,538.94
UPB AMT: 1,038,290.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 299
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031078561 MORTGAGORS: MURPHY DIANNE
REGION CODE ADDRESS : 41240 STUMPTOWN ROAD
01 CITY : LEESBURG
STATE/ZIP : VA 20176
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.28571
----------------------------------------------------------------
0 0031078579 MORTGAGORS: MILLER KURT
MILLER HEATHER
REGION CODE ADDRESS : 3000 COPPER RIDGE DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031078645 MORTGAGORS: MCDANIEL CHRISTOPHER
MCDANIEL TRACIE
REGION CODE ADDRESS : 11767 VALLEY DALE DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75230
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,739.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031078686 MORTGAGORS: BANTA MICHAEL
BANTA CHERYL
REGION CODE ADDRESS : 16100 SW HIGHPOINT DRIVE
01 CITY : SHERWOOD
STATE/ZIP : OR 97140
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,033.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031078694 MORTGAGORS: HOUSER JOHN
HOUSER JANICE
REGION CODE ADDRESS : 12512 ROYAL RIDGE CT NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87111
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.31500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,815,200.00
P & I AMT: 12,925.16
UPB AMT: 1,813,901.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 300
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031078728 MORTGAGORS: SUGARMAN JEAN
REGION CODE ADDRESS : 820 WALLBERG AVENUE
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,811.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031078736 MORTGAGORS: MULVIHILL MICHAEL
MULVIHILL SHARON
REGION CODE ADDRESS : 104 TWIN LAKE LANE
01 CITY : RICHMOND
STATE/ZIP : VA 23229
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.04300
----------------------------------------------------------------
0 0031078744 MORTGAGORS: JENKINS JOHN
JENKINS BRIDGET
REGION CODE ADDRESS : 5 GOSS ROAD
01 CITY : NORTH HAMPTON
STATE/ZIP : NH 03862
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,602.30 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 : 71.11100
----------------------------------------------------------------
0 0031078751 MORTGAGORS: DUSEK CRAIG
DUSEK DONNA
REGION CODE ADDRESS : 5913 CROWNOVER COURT
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,815.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 47.41300
----------------------------------------------------------------
0 0031078785 MORTGAGORS: STOVALL DANIEL
STOVALL LINDA
REGION CODE ADDRESS : 26468 KENSINGTON LANE
01 CITY : SALISBURY
STATE/ZIP : MD 21801
MORTGAGE AMOUNT : 268,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,129.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.05200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,500.00
P & I AMT: 10,263.29
UPB AMT: 1,418,130.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 301
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031078819 MORTGAGORS: SCHWARZ PETER
SCHWARZ SHIRLEY
REGION CODE ADDRESS : 6 STINSON ROAD
01 CITY : ANDOVER
STATE/ZIP : MA 01810
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.11100
----------------------------------------------------------------
0 0031078827 MORTGAGORS: QUARTARACO CLARE
REGION CODE ADDRESS : 1523 STONY HILL RD
01 CITY : HINCKLEY TWP
STATE/ZIP : OH 44233
MORTGAGE AMOUNT : 240,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,142.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031078876 MORTGAGORS: ALKER JOHN
ALKER LYNN
REGION CODE ADDRESS : 4905 TIMBER OAKS DRIVE
01 CITY : RALEIGH
STATE/ZIP : NC 27606
MORTGAGE AMOUNT : 227,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,535.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.63600
----------------------------------------------------------------
0 0031079270 MORTGAGORS: WEBSTER THOMAS
WEBSTER KARIN
REGION CODE ADDRESS : 17362 MADERA LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 228,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,642.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,658.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031079296 MORTGAGORS: ELLIS CAROL
REGION CODE ADDRESS : 7701 BOEING AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 228,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,588.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,638.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,200,550.00
P & I AMT: 8,663.77
UPB AMT: 1,199,714.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 302
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031079312 MORTGAGORS: SUGIMOTO ERIC
SUGIMOTO DONNA
REGION CODE ADDRESS : 22503 IRIS AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031079387 MORTGAGORS: PERKOVICH PAUL
PERKOVICH CAROL
REGION CODE ADDRESS : 6 CHAPARRAL COURT
01 CITY : LA FLORES ( AREA )
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,798.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.90000
----------------------------------------------------------------
0 0031079429 MORTGAGORS: ALBITZ MARK
ALBITZ KAREN
REGION CODE ADDRESS : 2323 WEST 235TH PLACE
01 CITY : TORRANCE
STATE/ZIP : CA 90501
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031079668 MORTGAGORS: KIRSHENBAUM WILLIAM
KIRSHENBAUM LISA
REGION CODE ADDRESS : 3970 ARCHDALE ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 644,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 643,533.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,558.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031079965 MORTGAGORS: RUTLEDGE MICHAEL
REGION CODE ADDRESS : 4815 SKY RIDGE DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 497,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,339.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,522.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.06700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,964,700.00
P & I AMT: 13,998.61
UPB AMT: 1,963,297.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 303
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031079999 MORTGAGORS: HOLMAN STEPHEN
HOLMAN LORETTA
REGION CODE ADDRESS : 5600 BEAM COURT
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 292,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031080062 MORTGAGORS: PATEL BHAVESH
PATEL NINA
REGION CODE ADDRESS : 2235 NELSON AVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,817.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.75300
----------------------------------------------------------------
0 0031080070 MORTGAGORS: GIBBS PATRICK
GIBBS KIM
REGION CODE ADDRESS : 6802 VIA CARONA DR
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 259,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,521.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,883.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.90700
----------------------------------------------------------------
0 0031080104 MORTGAGORS: LEVY MARK
LEVY ANDREA
REGION CODE ADDRESS : 175 CORONADO AVENUE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 556,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 556,171.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,328.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031080179 MORTGAGORS: SPOUTZ STEPHEN
SPOUTZ TERI
REGION CODE ADDRESS : 4181 CANDLEBERRY AVE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,609,000.00
P & I AMT: 11,801.52
UPB AMT: 1,608,131.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 304
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031080294 MORTGAGORS: BERNSTEIN EDWARD
REGION CODE ADDRESS : 307 OVERLOOK LANE
01 CITY : CONSHOHOCKEN
STATE/ZIP : PA 19428
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,126.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 50.84700
----------------------------------------------------------------
0 0031080542 MORTGAGORS: NYBO STIG
NYBO HOLLY
REGION CODE ADDRESS : 1196-1198 LOS TRANCOS ROAD
01 CITY : PORTOLA VALLEY
STATE/ZIP : CA 94028
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,707.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,558.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031080575 MORTGAGORS: MCCLELLAN CRAIG
MCCLELLAN DEBBIE
REGION CODE ADDRESS : 22155 DEBRA STREET
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
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 : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 73.43700
----------------------------------------------------------------
0 0031080583 MORTGAGORS: MILNE MATTHEW
MILNE DOROTHY
REGION CODE ADDRESS : 11740 BLIX STREET
01 CITY : VALLEY VILLAGE
STATE/ZIP : CA 91607
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031080617 MORTGAGORS: MAYNARD BRYAN
MAYNARD JENNIFER
REGION CODE ADDRESS : 1766 GILLESPIE DRIVE
01 CITY : FAIRFIELD
STATE/ZIP : CA 94533
MORTGAGE AMOUNT : 220,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,351.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,216,500.00
P & I AMT: 8,694.59
UPB AMT: 1,215,730.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 305
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031080641 MORTGAGORS: BINKLEY JONATHAN
BINKLEY CONNIE
REGION CODE ADDRESS : 3531 WHITE COURT
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,837.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,774.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 76.82500
----------------------------------------------------------------
0 0031080658 MORTGAGORS: ZIOLKOWSKI CHARLES
ZIOLKOWSKI YVETTE
REGION CODE ADDRESS : 5422 PRAIRIE LOOP
01 CITY : PLACERVILLE
STATE/ZIP : CA 95667
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,791.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,196.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.86900
----------------------------------------------------------------
0 0031080666 MORTGAGORS: GHOFRANIAN SIAMAK
GHOFRANIAN AZITA
REGION CODE ADDRESS : 5595 CAMINO DE BRYANT
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,731.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,932.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
0 0031080674 MORTGAGORS: RAELSON JEFFREY
RAELSON PAULA
REGION CODE ADDRESS : 30 SKYCREST
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 304,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,895.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 65.39700
----------------------------------------------------------------
0 0031080682 MORTGAGORS: REYNOLDS MICHAEL
REYNOLDS STEFANIE
REGION CODE ADDRESS : 27105 PINARIO
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,805.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 89.78300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,539,100.00
P & I AMT: 11,258.41
UPB AMT: 1,538,060.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 306
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031080690 MORTGAGORS: KNIGHT TIMOTHY
KNIGHT DUWANDLYN
REGION CODE ADDRESS : 495 MCCALL DR
01 CITY : BENICIA
STATE/ZIP : CA 94510
MORTGAGE AMOUNT : 280,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,256.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,033.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98700
----------------------------------------------------------------
0 0031080716 MORTGAGORS: ABRAMS BRIAN
ABRAMS GLORIA
REGION CODE ADDRESS : 9741 OLYMPIC DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,804.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.26000
----------------------------------------------------------------
0 0031080724 MORTGAGORS: PINSON JOHN
PINSON BARBARA
REGION CODE ADDRESS : 11468 HUNTINGTON VILLAGE LANE
01 CITY : GOLD RIVER
STATE/ZIP : CA 95670
MORTGAGE AMOUNT : 368,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,152.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,700.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 72.23500
----------------------------------------------------------------
0 0031080732 MORTGAGORS: TIEPERMAN D
TIEPERMAN CYNTHIA
REGION CODE ADDRESS : 709 LIQUIDAMBER PLACE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 386,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,127.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,768.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031080740 MORTGAGORS: HURLBUT GARY
REGION CODE ADDRESS : 239 BERENDOS AVENUE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,815.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.56400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,547,250.00
P & I AMT: 11,084.78
UPB AMT: 1,546,157.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 307
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031080765 MORTGAGORS: STECIUK MICHAEL
STECIUK JOSEPHINE
REGION CODE ADDRESS : 1356 ELM AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91201
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,437.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,771.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 75.50000
----------------------------------------------------------------
0 0031080773 MORTGAGORS: HEIDENREICH NEAL
HEIDENREICH SUSAN
REGION CODE ADDRESS : 25241 YORK CIRCLE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031080781 MORTGAGORS: ARMSTRONG DONNA
REGION CODE ADDRESS : 3035 PARAISO WAY
01 CITY : LA CRESCENTA AREA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,025.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.82800
----------------------------------------------------------------
0 0031080799 MORTGAGORS: LANDSBERG JEFFREY
REGION CODE ADDRESS : 448 CURIE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,810.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031080807 MORTGAGORS: STEEN DEREK
STEEN NATALIE
REGION CODE ADDRESS : 33671 VIA DE AGUA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 288,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,690.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,311,200.00
P & I AMT: 9,408.95
UPB AMT: 1,310,277.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 308
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031080815 MORTGAGORS: BROCH RAOUL
BROCH MONICA
REGION CODE ADDRESS : 27552 SAN BLAS
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,683.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,335.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 57.50000
----------------------------------------------------------------
0 0031080831 MORTGAGORS: ROY BIJAN
ROY RITA
REGION CODE ADDRESS : 10481 EL DORADO WAY
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,752.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,697.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031081557 MORTGAGORS: LIGHT CYRIL
LIGHT ORLY
REGION CODE ADDRESS : 3196 BREMERTON PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,768.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.50500
----------------------------------------------------------------
0 0031081672 MORTGAGORS: MALAVIA KANTI
MALAVIA PRAVINA
REGION CODE ADDRESS : 3124 WOODGREEN COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.71400
----------------------------------------------------------------
0 0031081821 MORTGAGORS: WRIGHT JAMES
WENZEL-WRIGHT MANUELA
REGION CODE ADDRESS : 1319 SOUTH SPAULDING AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90019
MORTGAGE AMOUNT : 216,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,354.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,587.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 68.73000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,610,500.00
P & I AMT: 11,723.99
UPB AMT: 1,609,400.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 309
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031081870 MORTGAGORS: NEWTON CHARLES
NEWTON MARINA
REGION CODE ADDRESS : 3704 CROMWELL DRIVE
01 CITY : CARROLLTON
STATE/ZIP : TX 75007
MORTGAGE AMOUNT : 95,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 694.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031081979 MORTGAGORS: PANACEK EDWARD
PANACEK THELLIS
REGION CODE ADDRESS : 458 HOPKINS ROAD
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 645,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 645,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,509.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.88200
----------------------------------------------------------------
0 0031081995 MORTGAGORS: ETTARO ANTHONY
ETTARO LILA
REGION CODE ADDRESS : 2445 TOPANGA SKYLINE DRIVE
01 CITY : TOPANGA AREA
STATE/ZIP : CA 90290
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,645.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,725.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.68900
----------------------------------------------------------------
0 0031082043 MORTGAGORS: VAN TAMELEN DIRK
VAN TAMELEN KATHERINE
REGION CODE ADDRESS : 862 PLEASANT DALE PLACE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,737.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,858.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 70.90900
----------------------------------------------------------------
0 0031082076 MORTGAGORS: PECKHAM KEITH
PECKHAM CEANNE
REGION CODE ADDRESS : 30602 LA VUE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.40700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,845,800.00
P & I AMT: 13,181.27
UPB AMT: 1,844,956.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 310
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031082092 MORTGAGORS: DAVID DONNA
REGION CODE ADDRESS : 4480 MYRTLE AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90807
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,795.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 78.96100
----------------------------------------------------------------
0 0031082118 MORTGAGORS: SHEHZAD ALI SYED
SHEHZAD ALI UZMA
REGION CODE ADDRESS : 5248 MONET COURT
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 251,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,517.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.89200
----------------------------------------------------------------
0 0031082175 MORTGAGORS: TRUONG JEFF
DO MICHELLE
REGION CODE ADDRESS : 6511 FRAMPTON CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 475,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,838.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,282.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031082225 MORTGAGORS: WOOLDRIDGE CRAIG
EVANS WOOLDRIDGE GAIL
REGION CODE ADDRESS : 6932 LA CUMBRE DRIVE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 263,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.37100
----------------------------------------------------------------
0 0031082266 MORTGAGORS: FONG BOBBY
DE LA CRUZ LOURDES
REGION CODE ADDRESS : 3090 FRANDORAS CIRCLE
01 CITY : OAKLEY
STATE/ZIP : CA 94561
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,582,700.00
P & I AMT: 11,335.67
UPB AMT: 1,581,743.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 311
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031082282 MORTGAGORS: CHWANG WILLIE
REGION CODE ADDRESS : 1338 STANFORD STREET #E
01 CITY : SANTA MONICA
STATE/ZIP : CA 90404
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,804.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031082332 MORTGAGORS: PERFETTI MARK
REGION CODE ADDRESS : 8720 E. GARDEN VIEW DR
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,172.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98198
----------------------------------------------------------------
0 0031082357 MORTGAGORS: TRAN HAI
TRAN HOAN
REGION CODE ADDRESS : 1631 CORTE DE ANNA
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,776.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031082456 MORTGAGORS: FITZGERALD JOSEPH
FITZGERALD YOLANDA
REGION CODE ADDRESS : 65 NORTH ROAD
01 CITY : NORTH HAMPTON
STATE/ZIP : NH 03862
MORTGAGE AMOUNT : 382,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,737.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,769.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.76900
----------------------------------------------------------------
0 0031082472 MORTGAGORS: BROOME ROBERT
BROOME JUDY
REGION CODE ADDRESS : 127 MONTCLAIR DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,805.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,504,400.00
P & I AMT: 10,696.82
UPB AMT: 1,503,295.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 312
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031082506 MORTGAGORS: VALENZUELA PASTOR
DESAHAGUN ROSENDO
REGION CODE ADDRESS : 804 VERIN LANE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 235,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,282.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
0 0031082548 MORTGAGORS: EISEMAN HERBERT
EISEMAN LEATRICE
REGION CODE ADDRESS : 8555 FERNCLIFF AVENUE NORTHEAST
01 CITY : BAINBRIDGE ISLAND
STATE/ZIP : WA 98110
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,178.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,132.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031082589 MORTGAGORS: BEAVER JAMES
BEAVER MARY
REGION CODE ADDRESS : 12803 452ND AVENUE S.E.
01 CITY : NORTH BEND
STATE/ZIP : WA 98045
MORTGAGE AMOUNT : 224,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,610.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031082597 MORTGAGORS: CHARNLEY JACQUELINE
REGION CODE ADDRESS : 28381 CALLE PINON
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 422,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,636.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,957.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031082605 MORTGAGORS: VELASQUEZ DANIEL
PATRICK SHAWN
REGION CODE ADDRESS : 1521 24TH AVNENUE EAST
01 CITY : SEATTLE
STATE/ZIP : WA 98112
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,093.33 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
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,474,650.00
P & I AMT: 10,580.10
UPB AMT: 1,471,801.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 313
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031082613 MORTGAGORS: ANDERSON JAMES
ANDERSON DEANNA
REGION CODE ADDRESS : 9211 371ST COURT S.E.
01 CITY : SNOQUALMIE
STATE/ZIP : WA 98065
MORTGAGE AMOUNT : 256,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,903.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031082621 MORTGAGORS: KIETLINSKA URSZULA
REGION CODE ADDRESS : 18424 KINGSPORT DRIVE
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,982.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 57.85100
----------------------------------------------------------------
0 0031082639 MORTGAGORS: BECKER JOHN
BECKER VICKY
REGION CODE ADDRESS : 23262 WEST LEA COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 268,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,755.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031082654 MORTGAGORS: SADRI MOHAMMAD
REGION CODE ADDRESS : 114 SIENA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,056.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,039.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031082662 MORTGAGORS: PETREDES JEFFREY
PETREDES KIMBERLY
REGION CODE ADDRESS : 6085 SOUTH OHIO STREET
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,798.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,374.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,472,650.00
P & I AMT: 10,691.88
UPB AMT: 1,470,495.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 314
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031082670 MORTGAGORS: HLAD ROBERT
HLAD SANDRA
REGION CODE ADDRESS : 4788 CANTERBURY STREET
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,762.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031082688 MORTGAGORS: KALHOR ABOLGHASSEM
REGION CODE ADDRESS : 12 MONTE CARLO
01 CITY : IRVINE
STATE/ZIP : CA 92614
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,820.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.03000
----------------------------------------------------------------
0 0031082704 MORTGAGORS: GLASSER BERNARD
GLASSER ANDREA
REGION CODE ADDRESS : 3091 DRUID LANE
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,373.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031082746 MORTGAGORS: MUTO MARK
MUTO STACEY
REGION CODE ADDRESS : 2551 HORTON DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 275,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,519.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,000.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.96800
----------------------------------------------------------------
0 0031082787 MORTGAGORS: CHANG ERIC
CHANG JUDITH
REGION CODE ADDRESS : 22295 HARTMAN DRIVE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.57300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,564,500.00
P & I AMT: 11,190.21
UPB AMT: 1,563,200.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 315
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031082829 MORTGAGORS: MARONEY JOHN
MARONEY JENNIFER
REGION CODE ADDRESS : 28 CLEAR CREEK
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 403,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,365.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,891.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99627
----------------------------------------------------------------
0 0031082837 MORTGAGORS: ROBERTS CLAYTON
ROBERTS GINA
REGION CODE ADDRESS : 9667 LARK CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,844.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031082852 MORTGAGORS: SHEIN DANIEL
ROSENBERG BETH
REGION CODE ADDRESS : 320 WEST MCLELLAN BOULEVARD
01 CITY : PHOENIX
STATE/ZIP : AZ 85013
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.91100
----------------------------------------------------------------
0 0031083082 MORTGAGORS: EVERSMEYER KENNETH
EVERSMEYER NOREEN
REGION CODE ADDRESS : 2090 DRIFTWOOD CIRCLE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 240,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,342.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 76.34900
----------------------------------------------------------------
0 0031083173 MORTGAGORS: BOWERS DAVID
BOWERS AMY
REGION CODE ADDRESS : 1186 HARRIET AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 348,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,503.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,498.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,512,900.00
P & I AMT: 10,966.54
UPB AMT: 1,511,857.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 316
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031083215 MORTGAGORS: PUND MARY LOUISE
REGION CODE ADDRESS : 2525 CHAPALA STREET
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,744.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031083272 MORTGAGORS: HEPFNER TRUDY
REGION CODE ADDRESS : 605 CINNABAR PLACE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,803.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.84058
----------------------------------------------------------------
0 0031083280 MORTGAGORS: DUMONT ANTHONY
DUMONT PATRICE
REGION CODE ADDRESS : 2154 33RD. AVENUE
01 CITY : SAN FRANSISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,339.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031083322 MORTGAGORS: CORYELL JAMES
CORYELL MARCIA
REGION CODE ADDRESS : 1782 SOUTHWOOD DRIVE
01 CITY : SAN LUIS OBISPO
STATE/ZIP : CA 93401
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,018.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031083389 MORTGAGORS: EITELBERG MARK
EITELBERG DEBORAH
REGION CODE ADDRESS : 12965 PASEO BARRANCO
01 CITY : SALINAS
STATE/ZIP : CA 93908
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,700.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,037.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,700.00
P & I AMT: 10,714.29
UPB AMT: 1,510,606.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 317
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031083413 MORTGAGORS: ABRAMSKI ADAM
FLOREN KIMBERLY
REGION CODE ADDRESS : 1032 NOBEL DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 228,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,588.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,638.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031083447 MORTGAGORS: MROSE HELEN
BOLES SAMUEL
REGION CODE ADDRESS : 45 BOONE TRAIL
01 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031083512 MORTGAGORS: BENSURTO JIMMY
BENSURTO CARIDAD
REGION CODE ADDRESS : 2283 DEVON PLACE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 287,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,125.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 63.84400
----------------------------------------------------------------
0 0031083595 MORTGAGORS: AMARA DOMINIC
LIU YONG
REGION CODE ADDRESS : 3760 GROVE STREET
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,368.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031083702 MORTGAGORS: PAPPAS JOHN
PAPPAS SHELLEY
REGION CODE ADDRESS : 11431 EAST TERRA DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,422.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,525,650.00
P & I AMT: 11,059.60
UPB AMT: 1,524,506.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 318
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031083850 MORTGAGORS: MILLER EDWARD
BRAL RITA
REGION CODE ADDRESS : 111 SOUTHERN HEIGHTS AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94107
MORTGAGE AMOUNT : 597,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 597,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,225.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.55200
----------------------------------------------------------------
0 0031084304 MORTGAGORS: FREEMAN PAUL
FREEMAN TRACEY
REGION CODE ADDRESS : 2700 PORT OF CALL DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89128
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,100.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,638.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031084320 MORTGAGORS: HATHAWAY ANN
REGION CODE ADDRESS : 48 MAHOGANY DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 378,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,232.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,711.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.21500
----------------------------------------------------------------
0 0031084411 MORTGAGORS: FUHRMAN JOHN
FUHRMAN KIM
REGION CODE ADDRESS : 5452 SHIPPEE LANE
01 CITY : STOCKTON
STATE/ZIP : CA 95212
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,787.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,156.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.66600
----------------------------------------------------------------
0 0031084494 MORTGAGORS: BREWSTER GEORGE
BREWSTER MIRIAM
REGION CODE ADDRESS : 11952 ASHLEY PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.67200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,742,750.00
P & I AMT: 12,493.60
UPB AMT: 1,741,953.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 319
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031084577 MORTGAGORS: EYTCHISON EDWARD
EYTCHISON AGNES
REGION CODE ADDRESS : 897 LAURYN RIDGE COURT
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 400,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,994.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,765.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031085137 MORTGAGORS: KENNY PATRICK
KENNY ELLEN
REGION CODE ADDRESS : 14 SMITH COURT
01 CITY : HILLSBOROUGH TOWNSHIP
STATE/ZIP : NJ 08853
MORTGAGE AMOUNT : 335,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
0 0031085681 MORTGAGORS: GRAVIET ALAN
GRAVIET DENISE
REGION CODE ADDRESS : 2801 NE 172ND STREET
01 CITY : RIDGEFIELD
STATE/ZIP : WA 98642
MORTGAGE AMOUNT : 256,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,214.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031086358 MORTGAGORS: HANSEN MARLAN
HANSEN CLARENE
REGION CODE ADDRESS : 450 EAST RIDGE ROAD
01 CITY : ALPINE
STATE/ZIP : UT 84004
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031086457 MORTGAGORS: LI CHIEH
CAI JINKUI
REGION CODE ADDRESS : 15 HILLTOP ROAD
01 CITY : DOVER
STATE/ZIP : MA 02030
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,504,550.00
P & I AMT: 10,702.21
UPB AMT: 1,503,607.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 320
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031086606 MORTGAGORS: NISENSON DARYL
NISENSON JENNIFER
REGION CODE ADDRESS : 10069 S WYECLIFF DRIVE
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.80069
----------------------------------------------------------------
0 0031086671 MORTGAGORS: CARPENTER MARSHALL
CARPENTER MARY
REGION CODE ADDRESS : N ANTELOPE RUN PARCEL #6
01 CITY : LONG MEADOW RANCH UNIT #1
STATE/ZIP : AZ 86301
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,574.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,691.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031086721 MORTGAGORS: COOK-BELLET ROBBIN
BELLET RICHARD
REGION CODE ADDRESS : 451 SYCAMORE MILLS ROAD
01 CITY : MEDIA
STATE/ZIP : PA 19063
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,319.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031086853 MORTGAGORS: RICKARD ANTHONY
RICKARD ALEJANDRA
REGION CODE ADDRESS : 514 SOUTHWEST 336TH STREET
01 CITY : FEDERAL WAY
STATE/ZIP : WA 98023
MORTGAGE AMOUNT : 295,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,096.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
0 0031087109 MORTGAGORS: WILLIAMS KAREN
REGION CODE ADDRESS : 240 PROSPECT PLACE APT.#2
01 CITY : BROOKLYN
STATE/ZIP : NY 11238
MORTGAGE AMOUNT : 104,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 104,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 763.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,359,300.00
P & I AMT: 9,849.17
UPB AMT: 1,358,671.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 321
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031087190 MORTGAGORS: CASALE CHARLES
CASALE NATACHA
REGION CODE ADDRESS : 61 LOWER SEVEN PONDS ROAD
01 CITY : WATER MILL
STATE/ZIP : NY 11976
MORTGAGE AMOUNT : 467,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,345.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.12698
----------------------------------------------------------------
0 0031087307 MORTGAGORS: FILIPPONE MICHAEL
FILIPPONE ERIN
REGION CODE ADDRESS : 6417 SHANNON COURT
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,835.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,606.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99859
----------------------------------------------------------------
0 0031087901 MORTGAGORS: GEIBEL DAVID
GEIBEL CATHERINE
REGION CODE ADDRESS : 9522 WICKHAM WAY
01 CITY : ORLANDO
STATE/ZIP : FL 32836
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.50300
----------------------------------------------------------------
0 0031087943 MORTGAGORS: TUCKER RONALD
TUCKER KELLY
REGION CODE ADDRESS : 14336 COMPTON VILLAGE DRIVE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20121
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,331.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031087968 MORTGAGORS: BARKER STEVEN
BARKER KAREN
REGION CODE ADDRESS : 6804 COLUMBINE WAY
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 285,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,898.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,042.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99708
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,473,600.00
P & I AMT: 10,581.92
UPB AMT: 1,472,894.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 322
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031087976 MORTGAGORS: DANCEL FEDERICO
DANCEL MARIETTA
REGION CODE ADDRESS : 2919 FOREST GATE
01 CITY : BAYTOWN
STATE/ZIP : TX 77521
MORTGAGE AMOUNT : 278,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,598.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,973.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031087984 MORTGAGORS: HAUTMAN KENNETH
LYONS MARY
REGION CODE ADDRESS : 9024 HONEYBEE LANE
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,712.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,140.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031088008 MORTGAGORS: DAVIS TOMMY
DAVIS CARRI
REGION CODE ADDRESS : 5224 SARATOGA
01 CITY : ARLINGTON
STATE/ZIP : TX 76017
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,799.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031088057 MORTGAGORS: MARSHALL CHARLES
MARSHALL ELAINE
REGION CODE ADDRESS : 18001 GORE LANE
01 CITY : LEESBURG
STATE/ZIP : VA 22075
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,685.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 53.19100
----------------------------------------------------------------
0 0031088412 MORTGAGORS: ELLIS BRADY
REGION CODE ADDRESS : 65 WEST 530 SOUTH
01 CITY : OREM
STATE/ZIP : UT 84058
MORTGAGE AMOUNT : 332,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,287.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,497.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,581,300.00
P & I AMT: 11,585.24
UPB AMT: 1,580,083.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 323
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031088560 MORTGAGORS: BARRINEAU JACK
BARRINEAU CARLY
REGION CODE ADDRESS : 414 RED HEAD COURT
01 CITY : MC KINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,384.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031088701 MORTGAGORS: PERCY STEPHEN
ROGNE-PERCY MAUREEN
REGION CODE ADDRESS : 106 BELLE ISLE COURT
01 CITY : CARY
STATE/ZIP : NC 27513
MORTGAGE AMOUNT : 237,025.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,857.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031088735 MORTGAGORS: MARTINEZ PATRICK
CAUSEY LORINDA
REGION CODE ADDRESS : 12729 38TH STREET SOUTHEAST
01 CITY : SNOHOMISH
STATE/ZIP : WA 98290
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031088933 MORTGAGORS: THOMSON SCOTT
REGION CODE ADDRESS : 5559 S WASHINGTON STREET
01 CITY : LITTLETON
STATE/ZIP : CO 80121
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031089451 MORTGAGORS: BECK JESSE
BECK KATHLEEN
REGION CODE ADDRESS : 5609 SOUTHWESTERN BLVD
01 CITY : DALLAS
STATE/ZIP : TX 75209
MORTGAGE AMOUNT : 196,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 196,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,404.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,336,625.00
P & I AMT: 9,572.95
UPB AMT: 1,336,060.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 324
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031090145 MORTGAGORS: PERA DOUGLAS
PERA CONNIE
REGION CODE ADDRESS : 8905 DOUGLAS COURT
01 CITY : OMAHA
STATE/ZIP : NE 68114
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031090657 MORTGAGORS: STROHEN ALBIN
STROHEN KAY
REGION CODE ADDRESS : 3546 HERON GLEN COURT
01 CITY : BONITA SPRINGS
STATE/ZIP : FL 34135
MORTGAGE AMOUNT : 242,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,383.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98300
----------------------------------------------------------------
0 0031090889 MORTGAGORS: MEEHAN THOMAS
MEEHAN ANN
REGION CODE ADDRESS : 588 BRIGHTON WAY
01 CITY : SCHUYKILL
STATE/ZIP : PA 19460
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,772.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031090913 MORTGAGORS: ADAMS MICHAEL
REGION CODE ADDRESS : 1017 NORTH FORT CANYON ROAD
01 CITY : ALPINE
STATE/ZIP : UT 84004
MORTGAGE AMOUNT : 235,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,934.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031091309 MORTGAGORS: PENNING DAVID
PENNING HOLLY
REGION CODE ADDRESS : 42 NORTH ALANTIC AVENUE
01 CITY : BETHANY BEACH
STATE/ZIP : DE 19930
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,595.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,298,450.00
P & I AMT: 9,176.61
UPB AMT: 1,297,505.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 325
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031091333 MORTGAGORS: KARLIS GEORGE
KARLIS KAREN
REGION CODE ADDRESS : 7 OAK TAVERN CIRCLE
01 CITY : BRANCHBURG
STATE/ZIP : NJ 08876
MORTGAGE AMOUNT : 276,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,194.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,932.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97700
----------------------------------------------------------------
0 0031091366 MORTGAGORS: GIEZEN JURGEN
GIEZEN NANCY
REGION CODE ADDRESS : 9508 LOCUST HILL DRIVE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 314,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,895.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031091382 MORTGAGORS: PIERSON ROBERT
PIERSON MARY
REGION CODE ADDRESS : 970 GALSTON COURT
01 CITY : BLUE BELL
STATE/ZIP : PA 19422
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,654.79 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 : 75.75700
----------------------------------------------------------------
0 0031092034 MORTGAGORS: CONEY ROBERT
GOITIA DEBORAH
REGION CODE ADDRESS : 423 PLANTATION CREST COURT
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,213.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031092109 MORTGAGORS: DIEB AMMAR
REGION CODE ADDRESS : 42 ELECTRIC AVENUE
01 CITY : SOMMERVILLE
STATE/ZIP : MA 02144
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,581.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,311,050.00
P & I AMT: 9,333.08
UPB AMT: 1,309,539.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 326
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031092257 MORTGAGORS: SCHLEGELMILCH KEVIN
SCHLEGELMILCH KATHLEEN
REGION CODE ADDRESS : 722 EAST HUGHES LANE
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 221,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,827.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,507.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031092497 MORTGAGORS: KENDREE DANIEL
KENDREE KATHY
REGION CODE ADDRESS : 7851 S GRANDVIEW AVE
01 CITY : TEMPE
STATE/ZIP : AZ 85284
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.90400
----------------------------------------------------------------
0 0031092646 MORTGAGORS: ARDELL THOMAS
ARDELL ELIZABETH
REGION CODE ADDRESS : 10599 NORTHWEST LE MANS COURT
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,772.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.54500
----------------------------------------------------------------
0 0031092711 MORTGAGORS: STABER PATRICK
STABER MARY
REGION CODE ADDRESS : 6460 E. TRAILRIDGE CIRCLE UNIT#12
01 CITY : MESA
STATE/ZIP : AZ 85215
MORTGAGE AMOUNT : 287,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,711.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,137.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.04200
----------------------------------------------------------------
0 0031092976 MORTGAGORS: JANCZEWSKI JOLANDA
REGION CODE ADDRESS : 11705 AMKIN DRIVE
01 CITY : CLIFTON
STATE/ZIP : VA 22024
MORTGAGE AMOUNT : 326,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,275.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,367.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.15400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,397,400.00
P & I AMT: 10,008.39
UPB AMT: 1,396,411.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 327
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031093149 MORTGAGORS: MAHRER NEIL
MAYES JANICE
REGION CODE ADDRESS : 2302 SAWDUST ROAD
01 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 418,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,681.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,887.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.13000
----------------------------------------------------------------
0 0031093628 MORTGAGORS: CORCORAN ROBERT
WOODLAND FREDERICK
REGION CODE ADDRESS : 26 MAPLE STREET
01 CITY : WENHAM
STATE/ZIP : MA 01984
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,288.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031093743 MORTGAGORS: SENGES DONALD
SENGES LOUISA
REGION CODE ADDRESS : 13935 STONEFIELD DRIVE
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 230,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,821.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031093800 MORTGAGORS: SAVITZKY ELLIOTT
AHERN KAREN
REGION CODE ADDRESS : 11 CHADWELL COURT
01 CITY : PENNINGTON
STATE/ZIP : NJ 08534
MORTGAGE AMOUNT : 362,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,425.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031093818 MORTGAGORS: MCGUIRE ANDREW
MCGUIRE VICKI
REGION CODE ADDRESS : 2 HIDDEN LAKE COURT
01 CITY : MOUNT LAUREL
STATE/ZIP : NJ 08054
MORTGAGE AMOUNT : 279,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,719.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,025.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,609,100.00
P & I AMT: 11,495.66
UPB AMT: 1,607,148.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 328
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031093826 MORTGAGORS: CHEPOVETSKY STANISLAV
CHEPOVETSKY LIDIA
REGION CODE ADDRESS : 224 ASPINWALL STREET
01 CITY : STATEN ISLAND
STATE/ZIP : NY 10307
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031093859 MORTGAGORS: SYMMONS MICHAEL
MCCANN JOAN
REGION CODE ADDRESS : 13 CHESTERBROOK
01 CITY : CHESTER
STATE/ZIP : NJ 07930
MORTGAGE AMOUNT : 346,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,510.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,478.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031093883 MORTGAGORS: STOKES DIANE
STOKES CARY
REGION CODE ADDRESS : 11 LITTLE POND ROAD
01 CITY : NORTHBORO
STATE/ZIP : MA 01532
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,773.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.25600
----------------------------------------------------------------
0 0031094055 MORTGAGORS: BRADY KIERAN
CURRY JUNE
REGION CODE ADDRESS : 805 FIFTH AVE.
01 CITY : FRISCO
STATE/ZIP : CO 80443
MORTGAGE AMOUNT : 142,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 142,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,006.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031095573 MORTGAGORS: DANYLIW JOSEPH
DANYLIW MELANIE
REGION CODE ADDRESS : 17 TITICUS COURT
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,728.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,200.00
P & I AMT: 10,580.94
UPB AMT: 1,499,960.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 329
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031095714 MORTGAGORS: MACLEAN BRIAN
MACLEAN MAUREEN
REGION CODE ADDRESS : 801 FAIRFIELD ESTATES COURT
01 CITY : CROWNSVILLE
STATE/ZIP : MD 21032
MORTGAGE AMOUNT : 267,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,251.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031096001 MORTGAGORS: DOHERTY JAMES
DOHERTY ELIZABETH
REGION CODE ADDRESS : 25809 PLANTING FIELD DRIVE
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.69100
----------------------------------------------------------------
0 0031096878 MORTGAGORS: LUND PETER
LUND SUSAN
REGION CODE ADDRESS : 9537 NW BARTHOLOMEW DRIVE
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,317.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,723.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.77777
----------------------------------------------------------------
0 0031096886 MORTGAGORS: LANGER ERIC
LANGER LYNN
REGION CODE ADDRESS : 11704 OWENS GLEN WAY
01 CITY : NORTH POTOMAC
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 279,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,727.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,029.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031097454 MORTGAGORS: CAMPBELL RICHARD
CAMPBELL CAROLYN
REGION CODE ADDRESS : 105 BRIGHTON COURT
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 325,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,076.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,370.00
P & I AMT: 10,055.30
UPB AMT: 1,418,143.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 330
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031097470 MORTGAGORS: NGUYEN HAI
NGUYEN EULEN
REGION CODE ADDRESS : 7407 WIDMORE COURT
01 CITY : HOUSTON
STATE/ZIP : TX 77379
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 : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031097488 MORTGAGORS: MORRIS MICHAEL
MORRIS CYNTHIA
REGION CODE ADDRESS : 432 BUTTONWOOD LANE
01 CITY : LARGO
STATE/ZIP : FL 33770
MORTGAGE AMOUNT : 622,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 622,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,459.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031097603 MORTGAGORS: LANGLEE JOHN
LANGLEE ANN
REGION CODE ADDRESS : 2128 141ST STREET NORTHWEST
01 CITY : MARYSVILLE
STATE/ZIP : WA 98271
MORTGAGE AMOUNT : 218,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,241.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,545.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031097637 MORTGAGORS: ELIZONDO DAVID
ELIZONDO MELINDA
REGION CODE ADDRESS : 15520 DONNYBROOK COURT
01 CITY : RENO
STATE/ZIP : NV 89511
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
0 0031097660 MORTGAGORS: LAUGHLIN FONTAINE
LAUGHLIN GLENN
REGION CODE ADDRESS : 500 OPAL DRIVE
01 CITY : OAK POINT
STATE/ZIP : TX 75068
MORTGAGE AMOUNT : 267,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.96200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,614,700.00
P & I AMT: 11,437.04
UPB AMT: 1,614,170.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 331
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031098924 MORTGAGORS: GETZ CHRISTOPHER
GETZ LINDA
REGION CODE ADDRESS : 5 PETERS LANE
01 CITY : FRANKLIN
STATE/ZIP : MA 02038
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,523.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.30200
----------------------------------------------------------------
0 0031099021 MORTGAGORS: LOWERY GERARD
LOWERY SANDRA
REGION CODE ADDRESS : 1267 TRESSLER DRIVE
01 CITY : FORT WASHINGTON
STATE/ZIP : PA 19034
MORTGAGE AMOUNT : 335,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,048.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.12643
----------------------------------------------------------------
0 0031099302 MORTGAGORS: CALLAWAY JOHN
CALLAWAY JO ANN
REGION CODE ADDRESS : 2827 CHAMBERS BAY DRIVE
01 CITY : STEILACOOM
STATE/ZIP : WA 98388
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.94730
----------------------------------------------------------------
0 0031099336 MORTGAGORS: KING ANDREW
KING AMY
REGION CODE ADDRESS : 144 ACORN DRIVE
01 CITY : CLARK
STATE/ZIP : NJ 07066
MORTGAGE AMOUNT : 238,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,258.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031099377 MORTGAGORS: KERR BRIAN
KERR RUTH
REGION CODE ADDRESS : 2323 OWEN COURT
01 CITY : DOVER
STATE/ZIP : NJ 08753
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,165.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.90300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,338,950.00
P & I AMT: 9,703.66
UPB AMT: 1,336,995.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 332
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031099419 MORTGAGORS: PILATE RITA
REGION CODE ADDRESS : 128 WALKER AVENUE
01 CITY : WASHINGTON CROSSING
STATE/ZIP : PA 18977
MORTGAGE AMOUNT : 214,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,461.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.96000
----------------------------------------------------------------
0 0031099484 MORTGAGORS: ACREE EDWIN
ACREE CAROL
REGION CODE ADDRESS : 1504 LAKESHORE CIRCLE
01 CITY : CRESTWOOD
STATE/ZIP : KY 40014
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 160,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,118.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031100167 MORTGAGORS: UEBELE THOMAS
UEBELE LOIS
REGION CODE ADDRESS : 6301 COLLINS AVENUE
01 CITY : MIAMI BEACH
STATE/ZIP : FL 33141
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.45200
----------------------------------------------------------------
0 0031100365 MORTGAGORS: PARSONS LAWRENCE
PARSONS RITA
REGION CODE ADDRESS : 6145 LAWRENCE DRIVE
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46226
MORTGAGE AMOUNT : 357,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,941.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,528.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.34700
----------------------------------------------------------------
0 0031100589 MORTGAGORS: LING PAUL
LING PEARL
REGION CODE ADDRESS : 95-718 MAKAUNULAU STREET
01 CITY : MILILANI
STATE/ZIP : HI 96789
MORTGAGE AMOUNT : 364,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,742.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,642.88 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: 1,386,000.00
P & I AMT: 9,779.48
UPB AMT: 1,384,983.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 333
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031100613 MORTGAGORS: GHRIST WILLIAM
GHRIST JULIE
REGION CODE ADDRESS : 22029 WOODWINDS DRIVE
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 325,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,553.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,245.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031100621 MORTGAGORS: MARSHALL CHARLES
MARSHALL KIMBERLY
REGION CODE ADDRESS : 229 SEA COAST LANE
01 CITY : PONTE VEDRA BEACH
STATE/ZIP : FL 32082
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,419.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,766.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
0 0031100639 MORTGAGORS: WHITE RICHARD
REGION CODE ADDRESS : 14 RANWORTH COURT
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,824.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031100654 MORTGAGORS: SCHWARTZ MICHAEL
SCHWARTZ ELAINE
REGION CODE ADDRESS : 2113 59TH AVENUE COURT
01 CITY : GREELEY
STATE/ZIP : CO 80634
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,817.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98092
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 4
LOAN AMT: 1,087,650.00
P & I AMT: 7,709.85
UPB AMT: 1,086,615.72
0 TOTAL NUM OF LOANS: 1664
LOAN AMT: 501,326,406.56
P & I AMT: 3,607,476.24
UPB AMT: 500,816,972.70
<PAGE>
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
________________, _______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1997-11
Pursuant to the Pooling and Servicing Agreement dated
as of November 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 M $__________ $__________ ____%
Class B1 $__________ $__________ ____%
Class B2 $__________ $__________ ____%
Class B3 $__________ $__________ ____%
Class B4 $__________ $__________ ____%
Class B5 $__________ $__________ ____%
Class R $__________ $__________ ____%
Class S $__________ $__________ ____%
(15) Principal distributable:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
<PAGE>
(16) Additional distributions to
the Class R Certificate
pursuant to Section 4.01(b): $_____________
(17) Certificate Interest Rate of:
Class S Certificates _____________%
(18) Distributions Allocable to
Unanticipated Recoveries:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
B. Other Amounts:
1. Senior Percentage for such
Distribution Date: _____________%
2. Senior Prepayment Percentage
for such Distribution Date: _____________%
3. Junior Percentage
for such Distribution Date: _____________%
4. Junior Prepayment Percentage
for such Distribution Date: _____________%
5. Class A5 Percentage: _____________%
6. Class A5 Prepayment
Distribution Percentage: _____________%
7. Class A5 Scheduled
Distribution Percentage: _____________%
8. Subordinate Certificate
Writedown Amount for
such Distribution Date: $_____________
<PAGE>
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 November 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" of GE Capital Mortgage Services,
Inc.'s REMIC Multi-Class Pass-Through Certificates, Series
1997-11.
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
November 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
Trust Fund, 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 1997-11
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 1997-11
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 November 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 1997-11
Pursuant to the Pooling and Servicing Agreement dated
as of November 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 PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
(2) Aggregate principal prepayments
included in distribution:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class PO $__________
<PAGE>
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
(3) Amount of distribution
allocable to interest;
Pay-out Rate:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A4 $__________ ____%
Class A5 $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
Class S $__________ ____%
(4) Amount of distribution
allocable to
Unanticipated Recoveries:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A4 $__________ ____%
Class A5 $__________ ____%
Class PO $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
(5) Servicing Compensation: $__________
The amounts below are for the aggregate of all
Certificates:
(6) Pool Scheduled Principal
2
<PAGE>
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 PO $__________ $__________
Class M $__________ $__________
Class B1 $__________ $__________
Class B2 $__________ $__________
Class B3 $__________ $__________
Class B4 $__________ $__________
Class B5 $__________ $__________
Class R $__________ $__________
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 $__________ __________
3
<PAGE>
(10) Aggregate Scheduled
Principal Balance and
number of replaced
Mortgage Loans: $__________ __________
(11) Aggregate Scheduled
Principal Balance and
number of modified
Mortgage Loans: $__________ __________
(12) Certificate Interest Rate of:
Class S Certificates __________%
(13) Senior Percentage for such
Distribution Date: __________%
(14) Senior Prepayment Percentage
for such Distribution Date: __________%
(15) Class A5 Percentage
for such Distribution Date: __________%
(16) Class A5 Scheduled Distribution
Percentage for such Distribution
Date: __________%
(17) Class A5 Prepayment Distribution
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.
4
<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.
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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
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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.
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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
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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
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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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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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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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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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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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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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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
with respect to all other notices pursuant to this Agreement,
GE Capital Mortgage Services, Inc.
Three Executive Campus
Cherry Hill, New Jersey 08002
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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
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.
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<PAGE>
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.]
15
<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
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 ("Mortgage Note") which evidences
the obligation of the borrower(s) to repay the Mortgage
Loan:
Loan Number: ___________________________________
Mortgage Note Date:_____________________________
Borrower(s): ___________________________________
Original Payee (if not the Company): ___________
Original Amount:________________________________
Mortgage Rate: _________________________________
Address of Mortgaged Property: _________________
________________________________________________
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 executed
original Mortgage Note was undertaken and was unsuccessful.
<PAGE>
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. Without limiting the generality of the rights and
remedies of the Trustee contained in the Agreement, 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. In addition, 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 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 the Mortgage Note or any claim by any third party
who is the holder of such indebtedness by virtue of possession of
the Mortgage Note.
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: _______________________
______________________________
(signature)
______________________________
(print name)
______________________________
(print title)
2
<PAGE>
State of New Jersey )
) ss:
)
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
