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) October 30, 1997
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under the Pooling and
Servicing Agreement, dated as of October 1, 1997,
providing for the issuance of REMIC Multi-Class
Pass-Through Certificates, Series 1997-9).
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 of File Number) Identification No.)
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 October 30, 1997 GE Capital Mortgage Services, Inc. ("GECMSI")
offered to investors certain classes of its REMIC Multi-Class
Pass-Through Certificates, Series 1997-9 (the "Certificates"),
consisting of two groups of Certificates (the "Pool 1
Certificates" and the "Pool 2 Certificates"), each evidencing
beneficial ownership interests in a single trust fund (the "Trust
Fund"). The assets of the Trust Fund consist primarily of two
pools ("Pool 1" and "Pool 2", respectively, and each a "Mortgage
Pool") 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 October 28, 1996 as supplemented by the
Prospectus Supplement dated October 27, 1997.
Pool 1
The original principal balance of each Class of the Pool 1
Certificates is as follows:
Class 1-A1 $20,245,000.00
Class 1-A2 $16,190,000.00
Class 1-A3 $18,554,000.00
Class 1-A4 $14,167,000.00
Class 1-A5 $13,544,000.00
Class 1-A6 $76,620,000.00
Class 1-A7 $8,065,445.00
Class 1-A8 $5,975,000.00
Class 1-A9 $35,843,000.00
Class 1-A10 $7,550,000.00
Class 1-A11 $71,151,461.00
Class 1-A12 $20,045,000.00
Class 1-A13 $66,065,000.00
Class 1-A14 $42,235,000.00
Class 1-A15 $26,830,000.00
Class 1-A16 $16,580,000.00
Class 1-A17 $20,181,000.00
Class 1-PO $16,449.67
Class 1-M $7,768,000.00
Class 1-B1 $4,761,000.00
Class 1-B2 $3,758,500.00
Class 1-B3 $2,505,500.00
Class 1-B4 $751,700.00
Class 1-B5 $1,755,231.20
Class R $100.00
Class RL $100.00
Class 1-S (1)
Total: $501,157,486.87
(1) The Class 1-S Certificates are issued with an initial
Notional Principal Balance of $498,323,257.49 and shall bear
interest at the rate described in the Prospectus Supplement.
The initial Pool 1 Junior Percentage and Pool 1 Senior Percentage
are approximately 4.25% and 95.75%, respectively. The initial
Pool 1 Category A Senior Percentage and Pool 1 Category B Senior
Percentage are approximately 60.000092% and 39.999908%,
respectively. The "Pool 1 Bankruptcy Loss Amount," the "Pool 1
Fraud Loss Amount" and the "Pool 1 Special Hazard Loss Amount" as
of the initial issuance of the Certificates are 0.04% ($204,439),
1.00% ($5,011,575) and 1.00% ($5,011,575), respectively, of the
aggregate Scheduled Principal Balances of the Pool 1 Mortgage
Loans as of October 1, 1997 (the "Cut-off Date").
2
<PAGE>
Pool 2
The original principal balance of each Class of the Pool 2
Certificates is as follows:
Class 2-A1 $35,074,000.00
Class 2-A2 $17,537,000.00
Class 2-A3 $81,565,000.00
Class 2-A4 $21,156,000.00
Class 2-A5 $10,028,000.00
Class 2-A6 $20,000,000.00
Class 2-A7 $109,427,000.00
Class 2-A8 $11,240,000.00
Class 2-A9 $14,561,000.00
Class 2-A10 $15,058,000.00
Class 2-PO $179,492.68
Class 2-M $5,436,500.00
Class 2-B1 $3,332,000.00
Class 2-B2 $2,630,500.00
Class 2-B3 $1,753,500.00
Class 2-B4 $526,000.00
Class 2-B5 $1,228,160.75
Class 2-S (1)
Total: $350,732,153.36
(1) The Class 2-S Certificates are issued with an initial
Notional Principal Balance of $339,959,534.51 and shall bear
interest at the rate described in the Prospectus Supplement.
The initial Pool 2 Junior Percentage and Pool 2 Senior Percentage
are approximately 4.25% and 95.75%, respectively. The "Pool 2
Bankruptcy Loss Amount," the "Pool 2 Fraud Loss Amount" and the
"Pool 2 Special Hazard Loss Amount" as of the initial issuance of
the Certificates are 0.04% ($136,917), 1.00% ($3,507,322) and
1.28% ($4,479,428), respectively, of the aggregate Scheduled
Principal Balances of the Pool 2 Mortgage Loans as of the Cut-off
Date.
3
<PAGE>
Description of the Mortgage Pools and the Mortgaged Properties
Pool 1
Pool 1 consists primarily of fixed-rate, fully-amortizing
conventional Mortgage Loans (the "Pool 1 Mortgage Loans")
evidenced by Mortgage Notes which have original maturities of 20
to 30 years and an aggregate outstanding Scheduled Principal
Balance as of the Cut-off Date, after deducting payments of
principal due on or before such date and prepayments of principal
received before such date, of $501,157,486.87.
The interest rates (the "Mortgage Rates") borne by the 1,637 Pool
1 Mortgage Loans conveyed by GECMSI range from 7.3750% to
10.5000% and the weighted average Mortgage Rate as of the Cut-off
Date is 7.8525% per annum (all weighted averages in this filing
are weighted by aggregate outstanding Scheduled Principal Balance
of all Pool 1 Mortgage Loans as of the Cut-off Date). At
origination, the principal balances of the Pool 1 Mortgage Loans
ranged from $13,000.00 to $950,000.00 and, as of the Cut-off
Date, the average outstanding Scheduled Principal Balance of the
Pool 1 Mortgage Loans is $306,143.85 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 Pool 1 Mortgage Loan is August 1995, and
the latest scheduled maturity date of any such Mortgage Loan is
October 2027. The weighted average Loan-to-Original Value ratio
of the Pool 1 Mortgage Loans is 77.1832%.
4
<PAGE>
The Pool 1 Mortgage Loans 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 Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
MORTGAGE # OF AS OF AGGREGATE
RATES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
7.3750% 1 $225,383.42 0.0450%
7.5000% 167 $52,460,812.34 10.4679%
7.6250% 268 $84,989,152.46 16.9586%
7.7500% 343 $107,285,644.66 21.4074%
7.8750% 310 $94,528,114.34 18.8620%
7.9900% 31 $9,356,237.57 1.8669%
8.0000% 237 $72,533,850.76 14.4733%
8.1250% 128 $36,951,463.48 7.3732%
8.2500% 63 $18,662,981.74 3.7240%
8.3750% 33 $11,212,741.56 2.2374%
8.5000% 21 $5,128,011.21 1.0232%
8.6250% 5 $1,879,808.28 0.3751%
8.7500% 8 $2,775,322.18 0.5538%
8.8750% 5 $924,395.23 0.1845%
9.0000% 3 $292,277.20 0.0583%
9.1250% 3 $411,260.18 0.0821%
9.2500% 6 $775,227.75 0.1547%
9.3750% 2 $189,407.76 0.0378%
9.5000% 2 $465,638.38 0.0929%
10.5000% 1 $109,756.37 0.0219%
---- --------------- ---------
Total 1637 $501,157,486.87 100.0000%
5
<PAGE>
b) The following table sets forth information, as of the
Cut-off Date, with respect to the original principal
balances of the Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
ORIGINAL # OF AS OF AGGREGATE
BALANCES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
$ 0 - 214,600 77 $9,814,918.64 1.9584%
$214,601 - 250,000 440 $103,150,931.36 20.5825%
$250,001 - 300,000 486 $133,133,941.35 26.5653%
$300,001 - 350,000 248 $80,758,407.24 16.1144%
$350,001 - 400,000 145 $54,536,851.31 10.8822%
$400,001 - 450,000 85 $36,018,509.39 7.1871%
$450,001 - 600,000 129 $65,468,632.55 13.0635%
$600,001 - 650,000 21 $13,458,300.12 2.6854%
$650,001 - 1,000,000+ 6 $4,816,994.91 0.9612%
---- --------------- ---------
Total 1637 $501,157,486.87 100.0000%
The largest outstanding Pool 1 Mortgage Loan Scheduled
Principal Balance, as of the Cut-off Date, is $949,329.49.
The smallest outstanding Pool 1 Mortgage Loan Scheduled
Principal Balance, as of the Cut-off Date, is $13,000.00.
c) The following table sets forth information, as of the
Cut-off Date, with respect to the years of origination of
the Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
1995 1 $223,042.46 0.0445%
1996 2 $558,490.81 0.1114%
1997 1634 $500,375,953.60 99.8441%
---- --------------- ---------
Total 1637 $501,157,486.87 100.0000%
6
<PAGE>
d) The following table sets forth information, as of the
Cut-off Date, with respect to the Original Loan-to-Value
ratios of the Pool 1 Mortgage Loans at origination:
LOAN- AGGREGATE % OF
TO-VALUE BALANCES POOL BY
RATIO AT # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
00.000 - 50.00 49 $14,110,439.49 2.8156%
50.001 - 60.00 76 $27,263,123.26 5.4400%
60.001 - 70.00 160 $54,511,155.24 10.8771%
70.001 - 75.00 198 $64,760,802.31 12.9222%
75.001 - 80.00 795 $243,497,954.49 48.5870%
80.001 - 85.00 25 $7,380,898.40 1.4728%
85.001 - 90.00 188 $52,667,429.18 10.5092%
90.001 - 95.00 146 $36,965,684.50 7.3761%
95.001 - 100.00 0 $0.00 0.0000%
---- --------------- ---------
Total 1637 $501,157,486.87 100.0000%
e) The following table sets forth information, as of the
Cut-off Date, with respect to the Mortgaged Properties
securing the Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
TYPE OF # OF AS OF AGGREGATE
DWELLING LOANS CUT-OFF DATE BALANCE
- -------- ----- ------------ ---------
Single-family
detached 1532 $472,594,908.80 94.3007%
Single-family
attached 44 $12,567,680.40 2.5077%
Condominium 47 $11,514,702.19 2.2976%
2 - 4 Family Units 14 $4,480,195.48 0.8940%
---- --------------- ---------
Total 1637 $501,157,486.87 100.0000%
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 Pool 1 Mortgage Loans as
represented by mortgagors at origination:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
OCCUPANCY LOANS CUT-OFF DATE BALANCE
- --------- ----- ------------ ---------
Owner Occupied 1601 $492,333,689.53 98.2393%
Vacation 22 $6,275,537.18 1.2522%
Investment 14 $2,548,260.16 0.5085%
---- --------------- ---------
Total 1637 $501,157,486.87 100.0000%
7
<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 Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
STATE LOANS CUT-OFF DATE BALANCE
- ----- ----- ------------ ---------
Alabama 7 $2,128,203.01 0.4247%
Alaska 1 $334,780.86 0.0668%
Arizona 20 $6,539,868.99 1.3050%
California 790 $249,857,981.71 49.8562%
Colorado 27 $8,340,535.11 1.6643%
Connecticut 17 $6,055,036.38 1.2082%
Dist of Columbia 5 $1,702,967.76 0.3398%
Delaware 2 $453,091.32 0.0904%
Florida 40 $8,989,689.46 1.7938%
Georgia 18 $5,278,468.53 1.0533%
Hawaii 4 $1,494,108.91 0.2981%
Iowa 1 $349,759.13 0.0698%
Illinois 51 $14,835,798.23 2.9603%
Indiana 1 $326,031.09 0.0651%
Kansas 1 $275,195.61 0.0549%
Kentucky 2 $940,943.19 0.1878%
Louisiana 3 $880,244.67 0.1756%
Massachusetts 78 $25,395,803.67 5.0674%
Maryland 56 $18,087,945.93 3.6092%
Michigan 4 $1,020,066.75 0.2035%
Minnesota 23 $6,987,701.29 1.3943%
Missouri 9 $3,230,903.99 0.6447%
Montana 1 $123,423.24 0.0246%
Nebraska 2 $857,037.69 0.1710%
New Hampshire 2 $524,465.53 0.1047%
New Jersey 101 $31,414,236.35 6.2683%
New Mexico 5 $1,408,412.10 0.2810%
Nevada 15 $4,695,849.05 0.9370%
New York 44 $13,495,738.26 2.6929%
North Carolina 14 $3,138,439.06 0.6262%
Ohio 8 $2,224,562.71 0.4439%
Oklahoma 2 $507,498.85 0.1013%
Oregon 14 $3,959,177.29 0.7900%
Pennsylvania 34 $10,033,921.58 2.0021%
Rhode Island 2 $487,821.07 0.0973%
South Carolina 4 $1,270,467.29 0.2535%
Tennessee 4 $1,245,192.16 0.2485%
Texas 93 $23,949,639.35 4.7789%
Utah 9 $2,664,592.63 0.5317%
Virginia 85 $24,944,840.07 4.9774%
Vermont 2 $614,769.60 0.1227%
Washington 24 $6,486,394.18 1.2943%
Wisconsin 12 $3,605,883.22 0.7195%
---- --------------- ---------
Total 1637 $501,157,486.87 100.0000%
8
<PAGE>
h) The following table sets forth information, as of the
Cut-off Date, with respect to the maturity dates of the Pool
1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2017 12 $3,024,119.62 0.6034%
2022 1 $444,502.82 0.0887%
2025 1 $278,599.32 0.0556%
2026 8 $2,990,090.40 0.5966%
2027 1615 $494,420,174.71 98.6557%
---- --------------- ---------
Total 1637 $501,157,486.87 100.0000%
The weighted average scheduled remaining term to maturity of
the Pool 1 Mortgage Loans 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 Pool 1
Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
PURPOSE # OF AS OF AGGREGATE
OF LOAN LOANS CUT-OFF DATE BALANCE
- ------- ----- ------------ ---------
Purchase 1060 $317,953,764.22 63.4439%
Rate Term/Refinance 478 $152,053,518.39 30.3405%
Cash-out Refinance 99 $31,150,204.26 6.2156%
---- --------------- ---------
Total 1637 $501,157,486.87 100.0000%
Pool 2
Pool 2 consists primarily of fixed-rate, fully-amortizing
conventional Mortgage Loans (the "Pool 2 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 $350,732,153.36.
The interest rates (the "Mortgage Rates") borne by the 1,164
Pool 2 Mortgage Loans conveyed by GECMSI range from 6.8750% to
9.2500% and the weighted average Mortgage Rate as of the Cut-off
Date is 7.7520% per annum (all weighted averages in this filing
are weighted by aggregate outstanding Scheduled Principal Balance
of all Pool 2 Mortgage Loans as of the Cut-off Date). At
origination, the principal balances of the Pool 2 Mortgage Loans
ranged from $25,500.00 to $650,000.00 and, as of the Cut-off
Date, the average outstanding Scheduled Principal Balance of the
Pool 2 Mortgage Loans is $301,316.28 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 Pool 2 Mortgage Loan is January 1993, and
the latest scheduled maturity date of any such Mortgage Loan is
October 2027. The weighted average Loan-to-Original Value ratio
of the Pool 2 Mortgage Loans is 76.7193%.
9
<PAGE>
The Pool 2 Mortgage Loans 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 Pool 2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
MORTGAGE # OF AS OF AGGREGATE
RATES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
6.8750% 1 $279,764.76 0.0798%
7.0000% 9 $2,453,338.08 0.6995%
7.1250% 22 $6,008,372.69 1.7131%
7.2000% 1 $427,323.54 0.1218%
7.2500% 65 $20,039,792.40 5.7137%
7.3500% 1 $290,553.57 0.0828%
7.3750% 105 $33,474,458.85 9.5442%
7.4500% 2 $626,940.30 0.1788%
7.5000% 107 $32,186,704.09 9.1770%
7.5500% 5 $1,374,706.92 0.3920%
7.6000% 2 $329,602.55 0.0940%
7.6250% 145 $44,656,314.52 12.7322%
7.6500% 5 $856,979.08 0.2443%
7.7000% 1 $114,352.52 0.0326%
7.7500% 191 $57,265,010.53 16.3272%
7.8000% 1 $366,485.47 0.1045%
7.8750% 192 $59,110,551.92 16.8534%
7.9000% 1 $61,909.61 0.0177%
7.9500% 10 $1,773,482.84 0.5057%
7.9900% 19 $5,621,943.29 1.6029%
8.0000% 122 $35,652,909.22 10.1653%
8.0500% 4 $647,645.75 0.1847%
8.1000% 3 $515,218.50 0.1469%
8.1250% 63 $19,501,337.85 5.5602%
8.2000% 1 $66,913.37 0.0191%
8.2500% 41 $12,023,741.19 3.4282%
8.3000% 1 $139,323.29 0.0397%
8.3750% 13 $4,612,925.00 1.3152%
8.5000% 17 $5,368,905.47 1.5308%
8.6250% 6 $1,990,478.65 0.5675%
8.6500% 1 $177,890.01 0.0507%
8.7500% 3 $1,291,234.39 0.3682%
8.8750% 2 $872,810.41 0.2489%
9.0400% 1 $326,237.31 0.0930%
9.2500% 1 $225,995.42 0.0644%
---- --------------- ---------
Total 1164 $350,732,153.36 100.0000%
10
<PAGE>
b) The following table sets forth information, as of the
Cut-off Date, with respect to the original principal
balances of the Pool 2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
ORIGINAL # OF AS OF AGGREGATE
BALANCES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
$ 0 - 214,600 65 $8,858,544.71 2.5257%
$214,601 - 250,000 302 $70,473,855.69 20.0934%
$250,001 - 300,000 366 $100,489,445.21 28.6513%
$300,001 - 350,000 173 $55,796,823.65 15.9087%
$350,001 - 400,000 102 $38,313,212.13 10.9238%
$400,001 - 450,000 64 $27,157,566.53 7.7431%
$450,001 - 600,000 70 $35,567,704.80 10.1410%
$600,001 - 650,000 22 $14,075,000.64 4.0130%
$650,001 - 1,000,000+ 0 $0.00 0.0000%
---- --------------- ---------
Total 1164 $350,732,153.36 100.0000%
The largest outstanding Pool 2 Mortgage Loan Scheduled
Principal Balance, as of the Cut-off Date, is $650,000.00.
The smallest outstanding Pool 2 Mortgage Loan Scheduled
Principal Balance, as of the Cut-off Date, is $25,465.30.
c) The following table sets forth information, as of the
Cut-off Date, with respect to the years of origination of
the Pool 2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
1993 1 $427,951.52 0.1220%
1996 9 $2,749,956.15 0.7841%
1997 1154 $347,554,245.69 99.0939%
---- --------------- ---------
Total 1164 $350,732,153.36 100.0000%
11
<PAGE>
d) The following table sets forth information, as of the
Cut-off Date, with respect to the Original Loan-to-Value
ratios of the Pool 2 Mortgage Loans at origination:
LOAN- AGGREGATE % OF
TO-VALUE BALANCES POOL BY
RATIO AT # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
00.000 - 50.00 38 $10,862,194.17 3.0970%
50.001 - 60.00 54 $17,374,219.67 4.9537%
60.001 - 70.00 132 $40,761,514.02 11.6218%
70.001 - 75.00 170 $54,004,321.21 15.3976%
75.001 - 80.00 537 $164,642,318.26 46.9424%
80.001 - 85.00 13 $3,429,342.59 0.9778%
85.001 - 90.00 139 $39,353,035.67 11.2203%
90.001 - 95.00 81 $20,305,207.77 5.7894%
95.001 - 100.00 0 $0.00 0.0000%
---- --------------- ---------
Total 1164 $350,732,153.36 100.0000%
e) The following table sets forth information, as of the
Cut-off Date, with respect to the Mortgaged Properties
securing the Pool 2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
TYPE OF # OF AS OF AGGREGATE
DWELLING LOANS CUT-OFF DATE BALANCE
- -------- ----- ------------ ---------
Single-family
detached 1079 $328,006,268.30 93.5204%
Single-family
attached 37 $10,569,493.06 3.0136%
Condominium 36 $8,182,887.04 2.3331%
Co-op 4 $858,400.00 0.2447%
2 - 4 Family Units 8 $3,115,104.96 0.8882%
---- --------------- ---------
Total 1164 $350,732,153.36 100.0000%
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 Pool 2 Mortgage Loans as
represented by mortgagors at origination:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
OCCUPANCY LOANS CUT-OFF DATE BALANCE
- --------- ----- ------------ ---------
Owner Occupied 1139 $343,929,804.17 98.0605%
Vacation 16 $4,236,201.89 1.2078%
Investment 9 $2,566,147.30 0.7317%
---- --------------- ---------
Total 1164 $350,732,153.36 100.0000%
12
<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 Pool 2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
STATE LOANS CUT-OFF DATE BALANCE
- ----- ----- ------------ ---------
Alaska 1 $224,848.73 0.0641%
Arizona 18 $5,088,896.98 1.4509%
California 546 $173,850,788.29 49.5680%
Colorado 24 $6,550,026.18 1.8675%
Connecticut 21 $6,081,069.35 1.7338%
Dist of Columbia 5 $1,359,545.24 0.3876%
Delaware 1 $237,211.23 0.0676%
Florida 29 $5,676,182.76 1.6184%
Georgia 23 $7,016,877.31 2.0006%
Hawaii 2 $783,762.85 0.2235%
Iowa 2 $549,388.66 0.1566%
Illinois 26 $6,967,014.01 1.9864%
Indiana 6 $1,915,075.69 0.5460%
Kansas 2 $580,789.79 0.1656%
Kentucky 3 $1,071,768.93 0.3056%
Louisiana 4 $1,146,599.18 0.3269%
Maine 2 $591,982.80 0.1688%
Massachusetts 54 $15,756,224.12 4.4924%
Maryland 29 $7,634,719.77 2.1768%
Michigan 7 $1,766,215.63 0.5036%
Minnesota 13 $3,538,456.63 1.0089%
Missouri 3 $1,039,449.50 0.2964%
North Carolina 4 $1,086,163.21 0.3097%
Nebraska 2 $514,636.21 0.1467%
New Jersey 72 $22,047,252.14 6.2861%
New Mexico 5 $1,372,960.95 0.3915%
Nevada 6 $1,945,434.33 0.5547%
New York 37 $10,340,879.89 2.9484%
Ohio 8 2,033,241.70 0.5797%
Oklahoma 1 $282,446.85 0.0805%
Oregon 15 $4,094,062.74 1.1673%
Pennsylvania 42 $13,570,331.91 3.8691%
South Carolina 7 $1,968,499.21 0.5613%
Tennessee 1 $419,148.89 0.1195%
Texas 49 $13,244,056.70 3.7761%
Utah 7 $2,373,284.72 0.6767%
Virginia 64 $19,219,112.55 5.4797%
Washington 19 $5,184,622.14 1.4782%
Wisconsin 4 $1,609,125.59 0.4588%
---- --------------- ---------
Total 1164 $350,732,153.36 100.0000%
13
<PAGE>
h) The following table sets forth information, as of the
Cut-off Date, with respect to the maturity dates of the Pool
2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2017 1 $259,515.85 0.0740%
2022 1 $357,000.00 0.1018%
2023 1 $427,951.52 0.1220%
2026 9 $2,600,721.37 0.7415%
2027 1152 $347,086,964.62 98.9607%
---- --------------- ---------
Total 1164 $350,732,153.36 100.0000%
The weighted average scheduled remaining term to maturity of
the Pool 2 Mortgage Loans calculated as of the Cut-off Date
is 359 months.
i) The following table sets forth information, as of the
Cut-off Date, with respect to the purpose of the Pool 2
Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
PURPOSE # OF AS OF AGGREGATE
OF LOAN LOANS CUT-OFF DATE BALANCE
- ------- ----- ------------ ---------
Purchase 757 $221,333,591.05 63.1061%
Rate Term/Refinance 340 $108,449,427.97 30.9209%
Cash-out Refinance 67 $20,949,134.34 5.9730%
---- --------------- ---------
Total 1164 $350,732,153.36 100.0000%
14
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND
EXHIBITS.
1.1 The Underwriting Agreement dated as of September 19, 1997
and the related Terms Agreement dated as of October 27,
1997 for the Series 1997-9 Certificates between GE Capital
Mortgage Services, Inc. and Greenwich Capital Markets,
Inc. and the Underwriting Agreement dated as of April 24,
1995 and the related Terms Agreement dated as of October
27, 1997 for the Series 1997-9 Certificates between GE
Capital Mortgage Services, Inc. and PaineWebber
Incorporated.
4.1 The Pooling and Servicing Agreement for the Series 1997-9
Certificates dated as of October 1, 1997 between GE
Capital Mortgage Services, Inc., as seller and servicer,
and State Street Bank and Trust Company, as trustee.
15
<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 October 30, 1997
16
<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 October 30, 1997
17
<PAGE>
EXHIBIT INDEX
The exhibits are being filed herewith:
- --------------------------------------------------------------------------
EXHIBIT NO. DESCRIPTION PAGE
- --------------------------------------------------------------------------
1.1 The Underwriting Agreement
dated as of September 19, 1997
and the related Terms Agreement
dated as of October 27, 1997
between GE Capital Mortgage
Services, Inc. and Greenwich
Capital Markets, Inc. and the
Underwriting Agreement dated as
of April 24, 1995 and the related
Terms Agreement dated as of
October 27, 1997 between GE
Capital Mortgage Services, Inc.
and PaineWebber Incorporated.
4.1 The Pooling and Servicing
Agreement for the Series 1997-9
Certificates dated as of October 1,
1997 between GE Capital
Mortgage Services, Inc., as seller
and servicer, and State Street
Bank and Trust Company, as
trustee.
- --------------------------------------------------------------------------
18
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;
- 9 -
<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
- 10 -
<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
- 11 -
<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:
- 12 -
<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
- 13 -
<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
- 14 -
<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
- 15 -
<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
- 16 -
<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
- 17 -
<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
- 18 -
<PAGE>
counsel, this Agreement (with respect to the related Offered
Certificates) and the related Terms Agreement and all obligations
of the Underwriter hereunder (with respect to the related Offered
Certificates) and thereunder may be canceled at, or at any time
prior to, the related Closing Date by the Underwriter. Notice of
such cancellation shall be given to the Company in writing, or by
telephone or telegraph confirmed in writing.
7. Indemnification and Contribution. (a) The Company
agrees to indemnify and hold harmless the Underwriter and each
person who controls the Underwriter within the meaning of the Act
or the Exchange Act against any and all losses, claims, damages
or liabilities, joint or several, to which they or any of them
may become subject under the Act, the Exchange Act, or other
Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement relating to the
Offered Certificates of the applicable Series as it became
effective or in any amendment or supplement thereof, or in such
Registration Statement or the related Prospectus, or in any
amendment thereof, or in the Detailed Description referred to in
such Prospectus or arise out of or are based upon the omission or
alleged omission (in the case of any Computational Materials or
ABS Term Sheets (in each case, as defined herein) in respect of
which the Company agrees to indemnify the Underwriter, as set
forth below, when such are read in conjunction with the related
Prospectus and Prospectus Supplement) to state therein a material
fact required to be stated therein or necessary to make the
statements therein not misleading, and agrees to reimburse each
such indemnified party for any legal or other expenses reasonably
incurred by them in connection with investigating or defending
any such loss, claim, damage, liability or action; provided,
however, that (i) the Company will not be liable in any such case
to the extent that any such loss, claim, damage or liability
arises out of or is based upon any such untrue statement or
alleged untrue statement or omission or alleged omission made
therein (A) in reliance upon and in conformity with written
information furnished to the Company as herein stated by or on
behalf of the Underwriter specifically for use in connection with
the preparation thereof or (B) in any Current Report or any
amendment or supplement thereof, except to the extent that any
untrue statement or alleged untrue statement therein or omission
therefrom results (or is alleged to have resulted) directly from
an error (a "Mortgage Pool Error") in the information concerning
the characteristics of the Mortgage Loans furnished by the
Company to the Underwriter in writing or by electronic
transmission that was used in the preparation of either (x) any
Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic
- 19 -
<PAGE>
materials furnished to prospective investors on which the
Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Corrected
Statement (as defined below) in such Prospectus (or supplement
thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person
asserting any loss, claim, damage or liability purchased the
Certificates of the related Series that are the subject thereof
if such person did not receive a copy of a supplement to such
Prospectus at or prior to the confirmation of the sale of such
Certificates and the untrue statement or omission of a material
fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and
such supplement was furnished by the Company to the Underwriter
prior to the delivery of such confirmation, and (iii) such
indemnity with respect to any Mortgage Pool Error shall not inure
to the benefit of the Underwriter (or any person controlling the
Underwriter) from whom the person asserting any loss, claim,
damage or liability received any Computational Materials (or any
written or electronic materials on which the Computational
Materials are based) or ABS Term Sheets that were prepared on the
basis of such Mortgage Pool Error, if, prior to the time of
confirmation of the sale of the applicable Certificates to such
person, the Company notified the Underwriter in writing of the
Mortgage Pool Error or provided in written or electronic form
information superseding or correcting such Mortgage Pool Error
(in any such case, a "Corrected Mortgage Pool Error"), and the
Underwriter failed to notify such person thereof or to deliver to
such person corrected Computational Materials (or underlying
written or electronic materials) or ABS Term Sheets. This
indemnity agreement will be in addition to any liability which
the Company may otherwise have.
(b) The Underwriter agrees to indemnify and hold
harmless the Company, each of its directors, each of its officers
who signs the Registration Statement relating to the Offered
Certificates of the applicable Series, and each person who
controls the Company within the meaning of the Act or the
Exchange Act to the same extent as the foregoing indemnities from
the Company to the Underwriter, but only with reference to (A)
written information furnished to the Company by or on behalf of
the Underwriter specifically for use in the preparation of the
documents referred to in the foregoing indemnity with respect to
the related Series, or (B) any Computational Materials or ABS
Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 or Section 9
and incorporated by reference in such Registration Statement or
the related Prospectus or any amendment or supplement thereof
(except that no such indemnity shall be available for any losses,
claims, damages or liabilities, or actions in respect thereof,
resulting from any Mortgage Pool Error, other than a Corrected
Mortgage Pool Error). This indemnity agreement will be in
- 20 -
<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)
- 21 -
<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
- 22 -
<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 1997-9
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 October 27, 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 1997-9 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 1997-9 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 Pools: The Series 1997-9
Certificates shall evidence the entire beneficial ownership
interest in two mortgage pools ("Pool 1" and "Pool 2,"
respectively, and each a "Mortgage Pool") of conventional, fixed
rate, fully amortizing one- to four-family residential mortgage
loans (the "Mortgage Loans") having the following characteristics
as of October 1, 1997 (the "Cut-off Date"):
(a) Aggregate Principal Amount of Pool 1: $501,157,486
aggregate principal balance as of the Cut-off Date, subject
to a permitted variance such that the aggregate original
Certificate Principal Balance of the Offered Certificates
in Pool 1 will be not less than $475,000,000 or greater
than $525,000,000.
(b) Aggregate Principal Amount of Pool 2:
$350,732,153 aggregate principal balance as of the Cut-off
Date, subject to a permitted variance such that the
aggregate original Certificate Principal Balance of the
<PAGE>
Offered Certificates in Pool 2 will be not less than
$332,500,000 or greater than $367,500,000.
(c) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans included
in both Mortgage Pools shall be between 20 and 30 years.
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):
Principal Interest Class Purchase
Class Balance Rate Price Percentage
- ----- ------- ---- ----------------
Class 1-A12 $ 20,045,000.00 7.250% 98.62500%
Class 1-A13 66,065,000.00 7.250 98.62500
Class 1-A14 42,235,000.00 7.250 98.62500
Class 1-A15 26,830,000.00 7.250 98.62500
Class 1-A16 16,580,000.00 7.250 98.62500
Class 1-A17 20,181,000.00 7.250 98.62500
Class 2-A1 35,074,000.00 7.000 98.81250
Class 2-A2 17,537,000.00 7.000 98.81250
Class 2-A3 81,565,000.00 7.000 98.81250
Class 2-A4 21,156,000.00 7.000 98.81250
Class 2-A5 10,028,000.00 7.000 98.81250
Class 2-A6 20,000,000.00 7.000 98.81250
Class 2-A7 109,427,000.00 7.000 98.81250
Class 2-A8 11,240,000.00 7.000 98.81250
Class 2-A9 14,561,000.00 7.000 98.81250
Class 2-A10 15,058,000.00 7.000 98.81250
(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, October 30,
1997 (the "Closing Date").
Section 4. Required Ratings: The Offered Certificates
shall have received Required Ratings of at least "AAA" from each
of Fitch Investors Service, L.P. and Standard & Poor's Rating
Services, a division of The McGraw-Hill Companies, Inc.
2
<PAGE>
Section 5. Tax Treatment: One or more elections will
be made to treat the assets of the Trust Fund as a REMIC.
3
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
GREENWICH CAPITAL MARKETS, INC.
By:___________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By:______________________________
Name:
Title:
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
PaineWebber Incorporated New York, New York
1285 Avenue of the Americas April 24, 1995
New York, New York 10019
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.
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
<PAGE>
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
hereinafter called the "Prospectus". Any reference
herein to the terms "amend," "amendment" or
2
<PAGE>
"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
Prospectus (or any amendment thereof or supplement
thereto).
3
<PAGE>
(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
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
4
<PAGE>
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").
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
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
5
<PAGE>
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
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 Sheet that reflects, in the reasonable
judgement 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
6
<PAGE>
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
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
7
<PAGE>
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
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 with respect to its letters
furnished pursuant to Section 6(i) of the Agreement and any
letter furnished pursuant to the last sentence of Section
8
<PAGE>
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 the 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;
(ii) the related Pooling and Servicing
Agreement has been duly authorized, executed and
delivered by the Company and is a legal, valid and
binding agreement of the Company enforceable against
the Company in accordance with its terms;
(iii) the issuance of the Certificates of the
related Series and sale of the related Offered
Certificates has been duly authorized by the Company
and the Certificates of such Series, when duly
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
9
<PAGE>
under the Investment Company Act of 1940, as amended;
(v) the related Registration Statement has
become effective under the Act, and, to the best of the
knowledge of such counsel, no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or are pending or contemplated by the
Commission under the Act; such Registration Statement
and the related Prospectus, and each amendment or
supplement thereto (except the financial statements and
schedules and other financial and statistical data
included therein and the documents incorporated by
reference therein) applicable to the related Offered
Certificates and the obligations of the Company
relating thereto, as of their respective effective or
issue dates, 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 any document
incorporated by reference therein), as of the date it
became effective, or such Registration Statement
(except as aforesaid, and except the financial
statements and schedules and statistical data included
therein and the documents incorporated by reference
therein) as of the date the most recent post-effective
amendment thereto, if any, became effective, contained
any untrue statement of a material fact or omitted to
state any material fact required to be stated therein
or necessary to make the statements therein not
misleading or (B) such Prospectus (except any document
incorporated by reference therein) or any amendment or
supplement thereto (except as aforesaid, and except the
financial statements and schedules and statistical data
included therein and the documents incorporated by
reference therein), as of their respective issue dates
or at the related Closing Date, contained or contains
any untrue statement of a material fact or omitted or
omits to state any material fact necessary in order to
make the statements therein, in 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;
10
<PAGE>
(vii) the statements 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 the 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 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
11
<PAGE>
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 laws of the State of New York and the laws of
the United States.
(c) The General Counsel for the Company shall have
furnished to the Underwriter an opinion, dated the related
Closing Date, to the effect that:
(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
12
<PAGE>
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
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
13
<PAGE>
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
(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
14
<PAGE>
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
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 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
15
<PAGE>
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 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
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 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,
16
<PAGE>
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
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.
17
<PAGE>
(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
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 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,
18
<PAGE>
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 (as defined in Section 9 below) (or amendments
or supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic
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 ABS
Term Sheets (or any written or electronic materials on which the
Computational Materials are based) 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.
19
<PAGE>
(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 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
20
<PAGE>
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)
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
21
<PAGE>
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
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
22
<PAGE>
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
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
23
<PAGE>
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;
(iv) the Underwriter has not represented to any
prospective investor that any Computational Materials
or Structural 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
Computational Materials and Structural Term Sheets
furnished to prospective investors (and all written and
electronic materials furnished to prospective investors
on which the Computational Materials are based)
included a disclaimer to the effect set forth in
Section 8(d); and
(v) at the time any Computational Materials (or any
written or electronic materials furnished to
prospective investors on which the Computational
Materials are based) with respect to such Offered
Certificates were furnished to a prospective investor
and on the date of the related Terms Agreement, the
Underwriter possessed, and on the date of delivery of
such materials to the Company pursuant to this Section
8 and on the related Closing Date, the Underwriter will
possess, the capability, knowledge, expertise,
resources and systems of internal control necessary to
ensure that such Computational Materials conform to the
representations and warranties of the Underwriter
contained in subparagraphs (i) and (iii) above of this
paragraph (b).
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
24
<PAGE>
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 the date hereof shall
include a disclaimer in form satisfactory to the Company to the
effect that such materials have been prepared and disseminated
solely by and on behalf of the Underwriter, and that the Company
has not reviewed or participated in the preparation or
dissemination of such materials and is not responsible for the
contents or accuracy thereof. 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.
(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,
25
<PAGE>
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. 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 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
26
<PAGE>
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
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(d).
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
27
<PAGE>
Form 8-K. The Underwriter agrees that it will not represent to
prosective 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. 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
28
<PAGE>
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
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, Post
Office Box 5260, Cherry Hill, New Jersey 08002, Attention:
General Counsel.
If the foregoing is in accordance with your
29
<PAGE>
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.
PAINEWEBBER INCORPORATED
By: _____________________________
Name:
Title:
30
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
(to Underwriting Agreement,
dated April 24, 1995
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08034
PaineWebber 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 [ ]%]:
Class Principal Interest Class Purchase
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,
PAINEWEBBER 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
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1997-9
TERMS AGREEMENT
(to Underwriting Agreement
dated April 24, 1995,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus October 27, 1997
Cherry Hill, NJ 08002
PaineWebber 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 1997-9 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 1997-9 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 Pools: The Series 1997-9
Certificates shall evidence the entire beneficial ownership
interest in two mortgage pools ("Pool 1" and "Pool 2,"
respectively, and each a "Mortgage Pool") of conventional, fixed
rate, fully amortizing one- to four-family residential mortgage
loans (the "Mortgage Loans") having the following characteristics
as of October 1, 1997 (the "Cut-off Date"):
(a) Aggregate Principal Amount of Pool 1: $501,157,486
aggregate principal balance as of the Cut-off Date, subject
to a permitted variance such that the aggregate original
Certificate Principal Balance of the Offered Certificates
in Pool 1 will be not less than $475,000,000 or greater
than $525,000,000.
(b) Aggregate Principal Amount of Pool 2:
$350,732,153 aggregate principal balance as of the Cut-off
Date, subject to a permitted variance such that the
aggregate original Certificate Principal Balance of the
<PAGE>
Offered Certificates in Pool 2 will be not less than
$332,500,000 or greater than $367,500,000.
(c) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans included
in both Mortgage Pools shall be between 20 and 30 years.
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):
Principal Interest Class Purchase
Class Balance Rate Price Percentage
- ----- ------- ---- ----------------
Class 1-A1 $20,245,000.00 6.750% 99.273400%
Class 1-A2 16,190,000.00 6.750 99.273400
Class 1-A3 18,554,000.00 6.750 99.273400
Class 1-A4 14,167,000.00 6.750 99.273400
Class 1-A5 13,544,000.00 6.750 99.273400
Class 1-A6 76,620,000.00 7.000 99.273400
Class 1-A7 8,065,445.00 7.000 99.273400
Class 1-A8 5,975,000.00 7.000 99.273400
Class 1-A9 35,843,000.00 7.000 99.273400
Class 1-A10 7,550,000.00 7.000 99.273400
Class 1-M 7,768,000.00 7.250 98.538310
Class 1-B1 4,761,000.00 7.250 97.772610
Class 1-B2 3,758,500.00 7.250 96.200080
Class R 100.00 7.250 99.273400
Class RL 100.00 7.250 99.273400
Class 2-M 5,436,500.00 7.000 98.717020
Class 2-B1 3,332,000.00 7.000 97.708870
Class 2-B2 2,630,500.00 7.000 95.946690
(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, October 30,
1997 (the "Closing Date").
Section 4. Required Ratings: The Offered
Certificates, other than the Class 1-M and Class 2-M Certificates
2
<PAGE>
(together, the "Class M Certificates"), the Class 1-B1 and Class
2-B1 Certificates (together, the "Class B1 Certificates"), and
the Class 1-B2 and Class 2-B2 Certificates (together, the "Class
B2 Certificates"), shall have received Required Ratings of at
least "AAA" from each of Fitch Investors Service, L.P. ("Fitch")
and Standard & Poor's Rating Services, a division of The
McGraw-Hill Companies, Inc. The Class M, Class B1 and Class B2
Certificates shall have received Required Ratings of at least
"AA," "A" and "BBB," respectively, from Fitch.
Section 5. Tax Treatment: One or more elections will
be made to treat the assets of the Trust Fund as a REMIC.
Section 6. 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.
3
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
PAINEWEBBER 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:
EXECUTION
- -----------------------------------------------------------------
GE CAPITAL MORTGAGE SERVICES, INC.,
Seller and Servicer
and
STATE STREET BANK AND TRUST COMPANY,
Trustee
----------------------------------------
POOLING AND SERVICING AGREEMENT
Dated as of October 1, 1997
----------------------------------------
REMIC Multi-Class Pass-Through Certificates,
Series 1997-9
- -----------------------------------------------------------------
<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............................. 49
2.02. Acceptance by Trustee.................................... 53
2.03. Representations and Warranties of the Company;
Mortgage Loan Repurchase................................ 54
2.04. Execution of Certificates................................ 62
2.05. The REMICs............................................... 62
2.06. Designations under the REMIC Provisions.................. 65
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
3.01. Company to Act as Servicer............................... 66
3.02. Collection of Certain Mortgage Loan Payments;
Mortgage Loan Payment Records; Certificate Account...... 72
3.03. Collection of Taxes, Assessments and Other Items......... 76
3.04. Permitted Debits to the Mortgage Loan Payment Records.... 76
3.05. Maintenance of the Primary Insurance Policies............ 77
3.06. Maintenance of Hazard Insurance.......................... 78
3.07. Assumption and Modification Agreements................... 79
3.08. Realization Upon Defaulted Mortgage Loans................ 80
3.09. Trustee to Cooperate; Release of Mortgage Files.......... 83
3.10. Servicing Compensation; Payment of Certain Expenses
by the Company.......................................... 84
3.11. Reports to the Trustee; Certificate Account
Statements.............................................. 85
3.12. Annual Statement as to Compliance........................ 85
3.13. Annual Independent Public Accountants' Servicing
Report.................................................. 86
3.14. Access to Certain Documentation and Information
Regarding the Mortgage Loans............................ 86
3.15. Maintenance of Certain Servicing Policies................ 87
3.16. Optional Purchase of Defaulted Mortgage Loans............ 87
i
<PAGE>
Section Page
ARTICLE IV
PAYMENTS AND STATEMENTS
4.01. Distributions............................................ 87
4.02. Method of Distribution...................................103
4.03. Allocation of Losses.....................................104
4.04. Monthly Advances; Purchases of Defaulted Mortgage
Loans...................................................108
4.05. Statements to Certificateholders.........................109
4.06. Servicer's Certificate...................................111
4.07. Reports of Foreclosures and Abandonments of
Mortgaged Property......................................112
4.08. Reduction of Servicing Fees by Compensating Interest
Payments................................................112
ARTICLE V
THE CERTIFICATES
5.01. The Certificates.........................................112
5.02. Registration of Transfer and Exchange of Certificates....115
5.03. Mutilated, Destroyed, Lost or Stolen Certificates........122
5.04. Persons Deemed Owners....................................122
5.05. Access to List of Certificateholders' Names and
Addresses...............................................123
5.06. Representation of Certain Certificateholders.............123
5.07. Determination of COFI....................................123
5.08. Determination of LIBOR...................................124
ARTICLE VI
THE COMPANY
6.01. Liability of the Company.................................126
6.02. Merger or Consolidation of, or Assumption of the
Obligations of, the Company.............................126
6.03. Assignment...............................................127
6.04. Limitation on Liability of the Company and Others........127
6.05. The Company Not to Resign................................128
ARTICLE VII
DEFAULT
7.01. Events of Default........................................128
7.02. Trustee to Act; Appointment of Successor.................130
7.03. Notification to Certificateholders.......................131
ii
<PAGE>
ARTICLE VIII
THE TRUSTEE
8.01. Duties of Trustee........................................131
8.02. Certain Matters Affecting the Trustee....................133
8.03. Trustee Not Liable for Certificates or
Mortgage Loans..........................................134
8.04. Trustee May Own Certificates.............................135
8.05. The Company to Pay Trustee's Fees and Expenses...........135
8.06. Eligibility Requirements for Trustee.....................135
8.07. Resignation or Removal of Trustee........................136
8.08. Successor Trustee........................................137
8.09. Merger or Consolidation of Trustee.......................137
8.10. Appointment of Co-Trustee or Separate Trustee............137
8.11. Compliance with REMIC Provisions; Tax Returns............139
ARTICLE IX
TERMINATION
9.01. Termination upon Repurchase by the Company or
Liquidation of All Mortgage Loans.......................139
9.02. Additional Termination Requirements......................141
ARTICLE X
MISCELLANEOUS PROVISIONS
10.01. Amendment...............................................142
10.02. Recordation of Agreement................................143
10.03. Limitation on Rights of Certificateholders..............144
10.04. Governing Law...........................................145
10.05. Notices.................................................145
10.06. Notices to the Rating Agencies..........................145
10.07. Severability of Provisions..............................146
10.08. Certificates Nonassessable and Fully Paid...............146
iii
<PAGE>
Exhibits
EXHIBIT A Forms of Certificates
EXHIBIT B Principal Balance Schedules
EXHIBIT C Mortgage Loans
EXHIBIT D Form of Servicer's Certificate
EXHIBIT E Form of Transfer Certificate as to
ERISA Matters for Definitive
ERISA-Restricted Certificates
EXHIBIT F Form of Residual Certificate
Transferee Affidavit
EXHIBIT G Form of Residual Certificate
Transferor Letter
EXHIBIT H Additional Servicer Compensation
EXHIBIT I Form of Investment Letter for
Definitive Restricted Certificates
EXHIBIT J Form of Distribution Date
Statement
EXHIBIT K Form of Special Servicing and
Collateral Fund Agreement
EXHIBIT L Form of Lost Note Affidavit and
Agreement
iv
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of
October 1, 1997, between GE CAPITAL MORTGAGE SERVICES, INC., a
corporation organized and existing under the laws of the State of
New Jersey, and STATE STREET BANK AND TRUST COMPANY, a
Massachusetts banking corporation, as Trustee.
W I T N E S S E T H T H A T :
- - - - - - - - - - - - - -
In consideration of the mutual agreements herein
contained, GE Capital Mortgage Services, Inc. and State Street
Bank and Trust Company agree as follows:
ARTICLE I
DEFINITIONS
Section 1.01. Definitions. Whenever used in this
Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings:
Accretion Directed Certificate: Any Class 1-A6 or
Class 1-A8 Certificate.
Accretion Directed Component: Any Class 1-A11C
Component.
Accretion Termination Date: As to the Class 1-A7
Certificates, the earlier to occur of (i) the Cross-Over
Date for Pool 1 and (ii) the Distribution Date on which the
Component Principal Balance of the Class 1-A11C Component
has been reduced to zero. As to the Class 1-A11C Component,
the earlier to occur of (i) the Cross-Over Date for Pool 1
and (ii) the Distribution Date on which the Class
Certificate Principal Balance of the Class 1-A6
Certificates has been reduced to zero. As to the Class
1-A11D Component, the earlier to occur of (i) the
Cross-Over Date for Pool 1 and (ii) the Distribution Date
on which the Class Certificate Principal Balance of the
Class 1-A8 Certificates has been reduced to zero.
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
<PAGE>
Accretion Directed Certificates pursuant to Section 4.01(f)
in reduction of the Certificate Principal Balance thereof.
As to any Class of Accrual Certificates and any Accrual
Component and each Distribution Date after the related
Accretion Termination Date, zero.
Accrual Certificate: Any Class 1-A7 Certificate.
Accrual Component: Any Class 1-A11C or Class 1-A11D
Component.
Accrued Certificate Interest: As to any Distribution
Date and any Class of Certificates (other than the Class
1-A11 Certificates and any Class of Principal Only
Certificates), interest accrued during the related Interest
Accrual Period at the applicable Certificate Interest Rate
on the Class Certificate Principal Balance (or, in the case
of any Class of Notional Certificates other than the Class
S Certificates, on the aggregate Notional Principal
Balance) thereof immediately prior (or, in the case of the
Class S Certificates, on the aggregate Notional Principal
Balance thereof with respect) to such Distribution Date,
calculated on the basis of a 360-day year consisting of
twelve 30-day months. As to any Distribution Date and the
Class 1-A11 Certificates, the sum of Accrued Certificate
Interest for such Distribution Date on each Component
thereof. As to any Distribution Date and any Component,
interest accrued during the related Interest Accrual Period
at the applicable Component Interest Rate (as set forth in
the definition of Component) 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.
Accrued Certificate Interest on each Class of
Certificates (other than any Class of Principal Only
Certificates) shall be reduced by such Class's share of the
amount of any Net Interest Shortfall and Interest Losses,
in each case, in respect of the related Mortgage Pool for
such Distribution Date. Any Net Interest Shortfall and
Interest Losses in respect of a Mortgage Pool shall be
allocated among the related Classes of Certificates (other
than any Class of Principal Only Certificates) in
proportion to the respective amounts of Accrued Certificate
Interest that would have resulted absent such shortfall or
losses.
Adjusted Pool 1 Senior Prepayment Amount: With respect
to any Distribution Date, the aggregate of the amounts
described in clauses (ii), (iv) and (v) of the definition of
Senior Optimal Principal Amount for Pool 1 calculated on the
basis of the related Senior Percentage for such Distribution
2
<PAGE>
Date, and not on the basis of the related Senior Prepayment
Percentage for such Distribution Date.
Adjusted Pool 2 Senior Prepayment Amount: With respect
to any Distribution Date, the aggregate of the amounts
described in clauses (ii), (iv) and (v) of the definition
of Senior Optimal Principal Amount for Pool 2 calculated on
the basis of the related Senior Percentage for such
Distribution Date, and not on the basis of the related
Senior Prepayment Percentage for such Distribution Date.
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 for a
Certificate Group, and as to each related 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 in the related Certificate Group.
(b) As to any Distribution Date and amounts
distributable pursuant to clauses (ii), (iv) and (v) of the
definition of Junior Optimal Principal Amount for a
Certificate Group, and as to the Class M Certificates in
such Certificate Group and each Class of Class B
Certificates in such Certificate Group 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 in such Certificate Group. 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 and Mortgage Pool, the total of all
amounts credited to the Mortgage Loan Payment Record for
such Mortgage Pool as of the preceding Determination Date
on account of (i) Principal Prepayments, Insurance Proceeds
and Liquidation Proceeds received in respect of such
Mortgage Pool subsequent to the preceding Prepayment Period
3
<PAGE>
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 June of each year that the Certificates are
outstanding, commencing in November 1998.
Assignment of Proprietary Lease: With respect to a
Cooperative Loan, the assignment of the related Proprietary
Lease from the Mortgagor to the originator of the
Cooperative Loan.
Assumed Monthly Payment Reduction: As of any
Anniversary Determination Date and Mortgage Pool, and as to
any Non-Primary Residence Loan remaining in such 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 in such Mortgage Pool (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 and
Mortgage Pool, an amount equal to the sum of (i) all
amounts credited to the Mortgage Loan Payment Record for
such Mortgage Pool pursuant to Section 3.02 as of the
preceding Determination Date, (ii) any Monthly Advance and
any Compensating Interest Payment in respect of such
Mortgage Pool for such Distribution Date, (iii) the
Purchase Price of any Defective Mortgage Loans, Defaulted
Mortgage Loans, and Modified Mortgage Loans in respect of
such Mortgage Pool deposited in the Certificate Account on
the Business Day preceding such Distribution Date
(including any amounts deposited in the Certificate Account
in connection with any substitution of a Mortgage Loan in
such Mortgage Pool as specified in Section 2.03(b)), and
(iv) the purchase price of any defaulted Mortgage Loan in
such Mortgage Pool 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 in respect of such Mortgage
Pool, (y) the amount of any Unanticipated Recovery credited
to the Mortgage Loan Payment Record in respect of such
Mortgage Pool pursuant to clause (vi) of Section 3.02, and
(z) amounts permitted to be debited from the related
Mortgage Loan Payment Record pursuant to clauses (i)
through (vii) of Section 3.04.
4
<PAGE>
Bankruptcy Coverage Termination Date: As to each
Mortgage Pool, the Distribution Date upon which the
Bankruptcy Loss Amount for such Mortgage Pool has been
reduced to zero or a negative number (or the related
CrossOver Date, if earlier).
Bankruptcy Loss Amount: As to each Determination Date
prior to the first Anniversary Determination Date, an
amount equal to $204,439, in the case of Pool 1, and
$136,917, in the case of Pool 2 as reduced in each case by
the aggregate amount of Deficient Valuations and Debt
Service Reductions in respect of such Mortgage Pool 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
for a Mortgage Pool shall equal such Bankruptcy Loss Amount
on the immediately preceding Anniversary Determination Date
as reduced by the aggregate amount of Deficient Valuations
and Debt Service Reductions for such Mortgage Pool since
such preceding Anniversary Determination Date. As of any
Anniversary Determination Date, the Bankruptcy Loss Amount
for a Mortgage Pool shall equal the lesser of (x) the
related Bankruptcy Loss Amount as of the preceding
Determination Date as reduced by any Deficient Valuations
and Debt Service Reductions for such Mortgage Pool for the
preceding Distribution Date, and (y) the greater of (i) the
Fitch Formula Amount for such Mortgage Pool for such
Anniversary Determination Date and (ii) the S&P Formula
Amount for such Mortgage Pool for such Anniversary
Determination Date.
The Bankruptcy Loss Amount for a Mortgage Pool may be
further reduced by the Company (including accelerating the
manner in which such coverage is reduced) provided that
prior to any such reduction, the Company shall obtain
written confirmation from each Rating Agency that such
reduction shall not adversely affect the then-current
rating assigned to the related Classes of Certificates by
such Rating Agency and shall provide a copy of such written
confirmation to the Trustee.
BIF: The Bank Insurance Fund of the FDIC, or its
successor in interest.
Book-Entry Certificate: Any Certificate registered in
the name of the Depository or its nominee, ownership of
which is reflected on the books of the Depository or on the
books of a person maintaining an account with such
Depository (directly or as an indirect participant in
accordance with the rules of such Depository). As of the
Closing Date, each Class of Certificates, other than the
Class 1-A11, Class 1-PO, Class 1-S, Class 1-B3, Class 1-B4,
Class 1-B5, Class 2-PO, Class 2-S, Class 2-B3, Class 2-B4,
5
<PAGE>
Class 2-B5, Class R and Class RL 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 Boston, Massachusetts 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 Group: The Pool 1 Certificates or the Pool
2 Certificates, as applicable.
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
6
<PAGE>
Certificates that the Trustee knows to be so held shall be
so disregarded.
Certificate Interest Rate: With respect to any Class
of Certificates other than the Class S and Class 1-A11
Certificates, the fixed per annum rate specified in Section
5.01(b). With respect to the Class S Certificates and any
Distribution Date, the applicable Strip Rate for such
Distribution Date. With respect to the Class 1-A11
Certificates, the per annum variable rate at any time at
which interest accrues on the Components of such Class.
Certificate Owner: With respect to any Book-Entry
Certificate, the person who is the beneficial owner thereof.
Certificate Principal Balance: As to any Certificate
other than a Notional Certificate, and as of any
Distribution Date, the Initial Certificate Principal
Balance of such Certificate (plus, in the case of any
Accrual Certificate or any Certificate consisting of
Accrual Components, its Percentage Interest of any related
Accrual Amount for each previous Distribution Date) less
the sum of (i) all amounts distributed with respect to such
Certificate in reduction of the Certificate Principal
Balance thereof on previous Distribution Dates pursuant to
Section 4.01, (ii) any Realized Losses allocated to such
Certificate on previous Distribution Dates pursuant to
Section 4.03(b) and (c), and (iii) in the case of a
Subordinate Certificate, such Certificate's Percentage
Interest of the Subordinate Certificate Writedown Amount
for the related Certificate Group allocated to such Class
of Certificates 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.
Class: All Certificates bearing the same class
designation or any Lower Tier Interest.
Class 1-A12 Percentage: With respect to any
Distribution Date, the percentage (carried to six decimal
places) obtained by dividing (x) the Class Certificate
Principal Balance of the Class 1-A12 Certificates
immediately preceding such Distribution Date, by (y) the
aggregate Class Certificate Principal Balance of the Pool 1
Category B Senior Certificates immediately preceding such
Distribution Date.
Class 1-A12 Prepayment Distribution Percentage: 0%
through the Distribution Date in October 2002; 30%
7
<PAGE>
thereafter through the Distribution Date in October 2003;
40% thereafter through the Distribution Date in October
2004; 60% thereafter through the Distribution Date in
October 2005; 80% thereafter through the Distribution Date
in October 2006; and 100% thereafter.
Class 1-A12 Principal Distribution Amount: With
respect to any Distribution Date, the sum of (a) the Pool 1
Category B Percentage of the total of the amounts described
in clauses (i) and (iii) of the definition of Senior
Optimal Principal Amount for Pool 1 for such date
multiplied by the Class 1-A12 Percentage for such date, and
(b) the Pool 1 Category B Percentage of the total of the
Adjusted Pool 1 Senior Prepayment Amount for such date
multiplied by the product of (x) the Class 1-A12 Percentage
for such date and (y) the Class 1-A12 Prepayment
Distribution Percentage for such date; provided, however,
(i) on the Pool 1 Category B Group I Final Distribution
Date, the Class 1-A12 Principal Distribution Amount will be
increased by any Pool 1 Category B Senior Optimal Principal
Amount remaining after distributions of principal have been
made on the Pool 1 Category B Group I Senior Certificates
on such date and (ii) following the Pool 1 Category B Group
I Final Distribution Date, the Class 1-A12 Principal
Distribution Amount for any Distribution Date will equal
the Pool 1 Category B Senior Optimal Principal Amount for
such date.
Class 2-A1 Percentage: With respect to any
Distribution Date, the percentage (carried to six decimal
places) obtained by dividing (x) the Class Certificate
Principal Balance of the Class 2-A1 Certificates
immediately preceding such Distribution Date, by (y) the
aggregate Class Certificate Principal Balance of the Pool 2
Senior Certificates (other than the Class 2-PO
Certificates) immediately preceding such Distribution Date.
Class 2-A1 Prepayment Distribution Percentage: 0%
through the Distribution Date in October 2002; 30%
thereafter through the Distribution Date in October 2003;
40% thereafter through the Distribution Date in October
2004; 60% thereafter through the Distribution Date in
October 2005; 80% thereafter through the Distribution Date
in October 2006; and 100% thereafter.
Class 2-A1 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 for Pool 2 for such date
multiplied by the Class 2-A1 Percentage for such date, and
(b) the Adjusted Pool 2 Senior Prepayment Amount for such
date multiplied by the product of (x) the Class 2-A1
Percentage for such date and (y) the Class 2-A1 Prepayment
8
<PAGE>
Distribution Percentage for such date; provided, however,
(i) on the Pool 2 Group I Final Distribution Date, the
Class 2-A1 Principal Distribution Amount will be increased
by any Senior Optimal Principal Amount for Pool 2 remaining
after distributions of principal have been made on the Pool
2 Group I Senior Certificates on such date and (ii)
following the Pool 2 Group I Final Distribution Date, the
Class 2-A1 Principal Distribution Amount for any
Distribution Date will equal the Senior Optimal Principal
Amount for Pool 2 for such date.
Class 2-A2 Percentage: With respect to any
Distribution Date, the percentage (carried to six decimal
places) obtained by dividing (x) the Class Certificate
Principal Balance of the Class 2-A2 Certificates
immediately preceding such Distribution Date, by (y) the
aggregate Class Certificate Principal Balance of the Pool 2
Senior Certificates (other than the Class 2-PO
Certificates) immediately preceding such Distribution Date.
Class 2-A2 Prepayment Distribution Percentage: 0%
through the Distribution Date in October 2002; 30%
thereafter through the Distribution Date in October 2003;
40% thereafter through the Distribution Date in October
2004; 60% thereafter through the Distribution Date in
October 2005; 80% thereafter through the Distribution Date
in October 2006; and 100% thereafter.
Class 2-A2 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 for Pool 2
for such date multiplied by the Class 2-A2 Percentage for
such date, and (b) the Adjusted Pool 2 Senior Prepayment
Amount for such date multiplied by the product of (x) the
Class 2-A2 Percentage for such date and (y) the Class 2-A2
Prepayment Distribution Percentage for such date; provided,
however, (i) on the Distribution Date on which the
aggregate Certificate Principal Balance of the Class 2-A3,
Class 2-A4, Class 2-A5 and Class 2-A6 Certificates have
been reduced to zero, the Class 2-A2 Principal Distribution
Amount will be increased by any portion of the Senior
Optimal Principal Amount otherwise distributable on such
Certificates on such date and (ii) following the
Distribution Date referred to in clause (i), the Class 2-A2
Principal Distribution Amount for any Distribution Date
will equal the amount distributable pursuant to Section
4.01(b)(iii)(A)(2)(y) for such date.
Class B Certificate: Any Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4 or Class 2-B5 Certificate.
9
<PAGE>
Class B1 Certificate: Any Class 1-B1 or Class 2-B1
Certificate.
Class B2 Certificate: Any Class 1-B2 or Class 2-B2
Certificate.
Class B3 Certificate: Any Class 1-B3 or Class 2-B3
Certificate.
Class B4 Certificate: Any Class 1-B4 or Class 2-B4
Certificate.
Class B5 Certificate: Any Class 1-B5 or Class 2-B5
Certificate.
Class Certificate Principal Balance: As to any Class
of Certificates, other than any Class of Notional
Certificates, and 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 Component (other than
any Principal Only Component), any amount by which the
amount distributed to Holders of such Class of Certificates
or in respect of such Component (or added to the Class
Certificate Principal Balance of any Class of Accrual
Certificates or to the Component Principal Balance of any
Accrual Component) on such Distribution Date is less than
the Accrued Certificate Interest thereon for such
Distribution Date.
Class M Certificate: Any Class 1-M or Class 2-M
Certificate.
Class PO Certificate: Any Class 1-PO or Class 2-PO
Certificate.
Class PO Deferred Amount: As to any Distribution Date
on or prior to the related Cross-Over Date, the aggregate
of the applicable PO Percentage of the principal portion of
each Realized Loss in respect of a Mortgage Pool, other
than any related Excess Loss, to be allocated to the Class
1-PO Certificates, in the case of Pool 1, or to the Class
2-PO Certificates, in the case of Pool 2, on such
Distribution Date or previously allocated to such Class of
Certificates and not yet paid to the Holders of such Class
of Certificates pursuant to Section 4.01(a)(iv) or (b)(iv),
as applicable.
10
<PAGE>
Class S Certificate: Any Class 1-S or Class 2-S
Certificate.
Closing Date: October 30, 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 and Mortgage Pool, an amount equal to the
aggregate of the Interest Shortfalls described in clauses
(a) and (b) of the definition thereof with respect to such
Distribution Date and Mortgage Pool; 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 Mortgage Pool 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 in respect
of the Mortgage Loans in such Mortgage Pool (less any
portion thereof paid as servicing compensation to any
Primary Servicer) without giving effect to any related
Compensating Interest Payment.
Component: Any of the components of a Class of
Component Certificates having the designations, initial
Component Principal Balances and Component Interest Rates as
follows:
11
<PAGE>
Initial Component Component
Designation Principal Balance Interest Rate
----------- ----------------- -------------
Class 1-A11A $ 8,139,461.00 0.00%
Class 1-A11B 2,142,858.00 0.00
Class 1-A11C 52,380,000.00 7.00
Class 1-A11D 8,489,142.00 7.00
Class 1-A11E (1) 0.50
Class 1-A11F (2) 0.50
Class 1-A11G (3) 7.00
- --------------------------------
(1) The Class 1-A11E Component will have an initial Notional
Component Balance of $227,904,906.00.
(2) The Class 1-A11F Component will have an initial Notional
Component Balance of $60,000,000.00.
(3) The Class 1-A11G Component will have an initial Notional
Component Balance of $2,953,571.00.
Component Certificate: With respect to Pool 1, any
Class 1-A11 Certificate. With respect to Pool 2, 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.
Cooperative: A private, cooperative housing
corporation organized in accordance with applicable state
laws which owns or leases land and all or part of a
building or buildings located in the relevant state,
including apartments, spaces used for commercial purposes
and common areas therein and whose board of directors
authorizes, among other things, the sale of Cooperative
Stock.
Cooperative Apartment: A dwelling unit in a
multi-dwelling building owned or leased by a Cooperative,
which unit the Mortgagor has an exclusive right to occupy
pursuant to the terms of a Proprietary Lease.
12
<PAGE>
Cooperative Loans: Any of the Mortgage Loans made in
respect of a Cooperative Apartment, evidenced by a Mortgage
Note and secured by (i) a Security Agreement, (ii) the
related Cooperative Stock Certificate, (iii) an assignment
of the Proprietary Lease, (iv) financing statements and (v)
a stock power (or other similar instrument), and in
addition thereto, a recognition agreement between the
Cooperative and the originator of the Cooperative Loan,
each of which was transferred and assigned to the Trustee
pursuant to Section 2.01 and are from time to time held as
part of the Trust Fund.
Cooperative Stock: With respect to a Cooperative Loan,
the single outstanding class of stock, partnership interest
or other ownership instrument in the related Cooperative.
Cooperative Stock Certificate: With respect to a
Cooperative Loan, the stock certificate or other instrument
evidencing the related Cooperative Stock.
Corporate Trust Office: The principal office of the
Trustee at which at any particular time its corporate trust
business shall be administered, which office at the date of
the execution of this instrument is located at 225 Franklin
Street, Boston, Massachusetts 02110, Attention: Corporate
Trust Department.
Corresponding Class: With respect to any Class of
Lower Tier Interests, the Class or Classes of Certificates
or Components and with respect to any Class of
Certificates, the Class or Classes of Lower Tier Interests,
appearing opposite such Class of Lower Tier Interests or
Certificates in the table included in Section 2.05(a).
Cross-Over Date: As to each Certificate Group, the
first Distribution Date on which the aggregate Class
Certificate Principal Balance of the Junior Certificates in
such Certificate Group has been reduced to zero (giving
effect to all distributions on such Distribution Date).
Cut-off Date: October 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
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.).
13
<PAGE>
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 assignment of the related
Mortgage to the Trustee in recordable form (except for the
omission therein of recording information concerning such
Mortgage).
Designated Loans: None.
14
<PAGE>
Determination Date: With respect to any Distribution
Date, the fifth Business Day prior thereto.
Discount Mortgage Loan: As to Pool 1, any Mortgage
Loan with a Net Mortgage Rate less than 7.25% per annum. As
to Pool 2, 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) 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
15
<PAGE>
accounts are either invested in Permitted Investments or
are otherwise secured to the extent required by the Rating
Agencies such that, as evidenced by an Opinion of Counsel
delivered to the Trustee, the Certificateholders have a
claim with respect to the funds in such account or a
perfected first security interest against any collateral
(which shall be limited to Permitted Investments) securing
such funds that is superior to claims of any other
depositors or creditors of the depository institution with
which such account is maintained, (iv) a trust account
maintained with the corporate trust department of a federal
or state chartered depository institution or of a trust
company with trust powers and acting in its fiduciary
capacity for the benefit of the Trustee hereunder or (v)
such account as will not cause either Rating Agency to
downgrade or withdraw its then-current rating assigned to
the Certificates, as evidenced in writing by the Rating
Agencies.
ERISA: The Employee Retirement Income Security Act of
1974, as amended.
ERISA-Restricted Certificate: Any Class 1-A10, Class
M, Class B or Class S Certificate.
Event of Default: An event described in Section 7.01.
Excess Bankruptcy Loss: As to each Mortgage Pool, any
Deficient Valuation or Debt Service Reduction, or portion
thereof, in respect of a Mortgage Loan in such Mortgage
Pool, (i) occurring after the related Bankruptcy Coverage
Termination Date or (ii) if on such date, in excess of the
then-applicable Bankruptcy Loss Amount for such Mortgage
Pool.
Excess Fraud Loss: As to each Mortgage Pool, any Fraud
Loss, or portion thereof, in respect of a Mortgage Loan in
such Mortgage Pool, (i) occurring after the related Fraud
Coverage Termination Date or (ii) if on such date, in
excess of the then-applicable Fraud Loss Amount for such
Mortgage Pool.
Excess Loss: As to each Mortgage Pool, any related
Excess Bankruptcy Loss, Excess Fraud Loss or Excess Special
Hazard Loss.
Excess Special Hazard Loss: As to each Mortgage Pool,
any Special Hazard Loss, or portion thereof, in respect of
a Mortgage Loan in such Mortgage Pool, (i) occurring after
the related Special Hazard Termination Date or (ii) if on
such date, in excess of the then-applicable Special Hazard
Loss Amount for such Mortgage Pool.
16
<PAGE>
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 and each Mortgage Pool, the greater of
(i) $50,000 and (ii) the product of (x) the greatest
Assumed Monthly Payment Reduction for any Non-Primary
Residence Loan in such Mortgage Pool 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 such 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 in such Mortgage Pool divided by the total number of
Outstanding Mortgage Loans in such Mortgage Pool as of such
Anniversary Determination Date.
FNMA: The Federal National Mortgage Association or its
successor in interest.
Fraud Coverage Termination Date: As to each Mortgage
Pool, the Distribution Date upon which the related Fraud
Loss Amount has been reduced to zero or a negative number
(or the related 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 and as to each Mortgage Pool, (x) prior to
the first anniversary of the Cut-off Date, an amount equal
to $5,011,575, in the case of Pool 1, and $3,507,322, in
the case of Pool 2, minus in each case the aggregate amount
of Fraud Losses in respect of such Mortgage Pool that would
have been allocated to the related Junior Certificates in
accordance with Section 4.03 in the absence of the
applicable Loss Allocation Limitation since the Cut-off
Date, and (y) from the first through the fifth anniversary
of the Cut-off Date, an amount equal to (1) the lesser of
(a) such Fraud Loss Amount as of the most recent
anniversary
17
<PAGE>
of the Cut-off Date and (b) 1.00% (from the first
anniversary to but excluding the third anniversary of the
Cut-off Date) or 0.50% (from the third through the fifth
anniversaries of the Cut-off Date), of the aggregate
outstanding principal balance of all of the Mortgage Loans
in such Mortgage Pool as of the most recent anniversary of
the Cut-off Date minus (2) the Fraud Losses in respect of
such Mortgage Pool that would have been allocated to the
related Junior Certificates in accordance with Section 4.03
in the absence of the applicable 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 for each Mortgage Pool shall be zero.
Initial Certificate Principal Balance: With respect to
any Certificate, other than a Notional Certificate, the
Certificate Principal Balance of such Certificate or any
predecessor Certificate on the Closing Date.
Initial LIBOR Rate: 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: With respect to each Mortgage Pool,
the interest portion of (i) on or prior to the Cross-Over
Date for such Mortgage Pool, any related Excess Losses and
(ii) after the Cross-Over Date for such Mortgage Pool, any
related Realized Losses and Debt Service Reductions.
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;
18
<PAGE>
(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: As to each Certificate Group, any
related Class M or Class B Certificate.
Junior Optimal Principal Amount: As to any
Distribution Date and each Certificate Group, an amount
equal to the sum of the following (but in no event greater
than the aggregate Certificate Principal Balance of the
related Junior Certificates immediately prior to such
Distribution Date):
(i) the related 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 in the related
Mortgage Pool as of such Due Date as specified in
19
<PAGE>
the amortization schedule at the time applicable
thereto (after adjustment for previous Principal
Prepayments and Debt Service Reductions in
respect of such Mortgage Pool subsequent to the
related 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 related Junior Prepayment Percentage of the
applicable Non-PO Percentage of all principal
prepayments in part in respect of the related
Mortgage Pool received during the related
Prepayment Period, and 100% of any related Senior
Optimal Principal Amount not distributed to the
related Senior Certificates on such Distribution
Date, together with the related Junior Prepayment
Percentage of the applicable Non-PO Percentage of
the Scheduled Principal Balance of each Mortgage
Loan in the related Mortgage Pool that 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 in respect of the related Mortgage Pool
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 in the
related Mortgage Pool that was purchased by an
insurer from the Trustee during the related
Prepayment Period pursuant to the related Primary
Insurance Policy, over (y) the amount
distributable pursuant to clause (iii) of the
definition of Senior Optimal Principal Amount for
the related Certificate Group on such Distribution
Date;
(iv) the related Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled
Principal Balance of each Mortgage Loan in the
related Mortgage Pool that was purchased on such
Distribution Date pursuant to Section 2.02,
2.03(a) or 3.16; and
(v) the related Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution
Amount for any Mortgage Loan in the related
Mortgage Pool substituted during the month of
such Distribution Date.
20
<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 in a Certificate Group have been
reduced to zero, the related Junior Optimal Principal
Amount shall be zero.
Junior Percentage: As to any Distribution Date and
each Certificate Group, the excess of 100% over the related
Senior Percentage for such Distribution Date.
Junior Prepayment Percentage: As to any Distribution
Date and each Certificate Group, the excess of 100% over
the related Senior Prepayment Percentage for such
Distribution Date, except that (i) after the aggregate
Certificate Principal Balance of the related Senior
Certificates other than, in the case of the Pool 1
Certificates, the Class 1-PO Certificates, and in the case
of the Pool 2 Certificates, the Class 2-PO Certificates,
has been reduced to zero, the Junior Prepayment Percentage
for such Certificate Group shall be 100%, and (ii) after
the related Cross-Over Date, the Junior Prepayment
Percentage for such Certificate Group shall be zero.
Latest Possible Maturity Date: October 25, 2029.
LIBOR: 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), as determined
pursuant to Section 5.08.
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
21
<PAGE>
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
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).
Lower Tier Balance: As to each Class of Lower Tier
Interests and any Distribution Date, the initial Lower Tier
Balance thereof set forth or specified in Section 2.05(a)
(plus, in the case of any Class of Lower Tier Interests as
to which the Corresponding Class is a Class of Accrual
Certificates or an Accrual Component, an amount equal to
the Accrual Amount for such Corresponding Class for each
previous Distribution Date) less the sum of (i) the
aggregate amount of principal allocable thereto on previous
Distribution Dates pursuant to Section 2.05(c) and (ii) any
Realized Losses or Subordinate Certificate Writedown Amount
allocated thereto on previous Distribution Dates.
Lower Tier Interest: Any one of the Classes of regular
interests in the Lower Tier REMIC described as such in
Section 2.05(a).
Lower Tier Interest Rate: As to each Lower Tier
Interest, the applicable "Lower Tier Interest Rate," if any,
set forth in Section 2.05(a) hereof.
Lower Tier REMIC: One of the two separate REMICs
comprising the Trust Fund, the assets of which consist of
the assets and rights specified in clauses (i) through (ix)
of the definition of the term Trust Fund.
22
<PAGE>
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
and each Mortgage Pool, 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 in respect of such Mortgage Pool,
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 in such Mortgage Pool 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.
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: With respect to each
Mortgage Pool, 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, identified
by Mortgage Pool, 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
23
<PAGE>
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: Either of Pool 1 or Pool 2, as
applicable. For purposes hereof, the Pool 1 and Pool 2
Certificates shall relate to Pool 1 and Pool 2,
respectively.
Mortgage Rate: The per annum rate of interest borne by
a Mortgage Loan as set forth in the related Mortgage Note.
Mortgaged Property: The underlying real property
securing the Mortgage Loan, or with respect to a
Cooperative Loan, the related Proprietary Lease and
Cooperative Stock.
Mortgagor: With respect to any Mortgage Loan, each
obligor on the related Mortgage Note.
Net Interest Shortfall: With respect to any
Distribution Date and each Mortgage Pool, the excess, if
any, of the aggregate Interest Shortfalls in respect of
Mortgage Loans in such Mortgage Pool for such Distribution
Date over any related Compensating Interest Payment for
such date.
Net Liquidation Proceeds: As to any Liquidated
Mortgage Loan, the sum of (i) any Liquidation Proceeds
therefor less the related Liquidation Expenses, and (ii)
any Insurance Proceeds therefor, other than any such
Insurance Proceeds applied to the restoration of the
related Mortgaged Property.
Net Mortgage Rate: With respect to any Mortgage Loan,
the related Mortgage Rate less the applicable Servicing Fee
Rate.
Non-Book-Entry Certificate: Any Certificate other than
a Book-Entry Certificate.
Non-Credit Loss: Any Fraud Loss, Special Hazard Loss
or Deficient Valuation.
Non-Discount Mortgage Loan: With respect to Pool 1,
any Mortgage Loan with a Net Mortgage Rate greater than or
equal to 7.25% per annum. With respect to Pool 2, any
Mortgage Loan with a Net Mortgage Rate greater than or
equal to 7.00% per annum.
24
<PAGE>
Non-permitted Foreign Holder: As defined in Section
5.02(b).
Non-PO Percentage: As to any Discount Mortgage Loan in
Pool 1, a fraction (expressed as a percentage), the
numerator of which is the Net Mortgage Rate of such
Discount Mortgage Loan and the denominator of which is
7.25%. As to any Discount Mortgage Loan in Pool 2, 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 Liquidation Proceeds,
Insurance 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: Any Class 1-A11E, Class 1-A11F or
Class 1-A11G Component.
Notional Component Balance: As to any Distribution
Date and the Class 1-A11E Component, the Pool 1 Category A
Group I Senior Certificate Principal Balance (less the
aggregate Class Certificate Principal Balance of the Class
R and Class RL Certificates) for such date. As to any
Distribution Date and the Class 1-A11F Component, the Pool
1 Category A Group II Senior Certificate Principal Balance
for such date. As to any Distribution Date and the Class
1-A11G Component, 1/28th of the aggregate Class Certificate
Principal Balance of the PAC Certificates.
Notional Principal Balance: As to any Distribution
Date and the Class 1-S and Class 2-S Certificates, the
aggregate Scheduled Principal Balance of the Outstanding
Non-Discount Mortgage Loans in Pool 1 and Pool 2, respec-
tively, as of the Due Date in the month preceding such
25
<PAGE>
Distribution Date. As to any Distribution Date and any
Class 1-S Certificate, such Certificate's Percentage
Interest of the aggregate Notional Principal Balance of the
Class 1-S Certificates for such Distribution Date. As to
any Distribution Date and any Class 2-S Certificate, such
Certificate's Percentage Interest of the aggregate Notional
Principal Balance of the Class 2-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 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: Any Class 1-A1, Class 1-A2, Class 1-
A3, Class 1-A4 or Class 1-A5 Certificate.
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
26
<PAGE>
annualized percentage) the numerator of which is the
Accrued 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
27
<PAGE>
state thereof which on the date of acquisition has the
highest short term rating of each Rating Agency; and
(v) other obligations or securities that are
acceptable to each Rating Agency as a Permitted
Investment hereunder and will not, as evidenced in
writing, result in a reduction or withdrawal in the
then current rating of the Certificates.
Notwithstanding the foregoing, Permitted Investments shall
not include "stripped securities" and investments which
contractually may return less than the purchase price
therefor.
Person: Any legal person, including any individual,
corporation, partnership, joint venture, association,
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 in
Pool 1, a fraction (expressed as a percentage), the
numerator of which is the excess of 7.25% over the Net
Mortgage Rate of such Discount Mortgage Loan and the
denominator of which is 7.25%. As to any Discount Mortgage
Loan in Pool 2, 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 and each Certificate Group, an amount
equal to the sum of the applicable PO Percentage of:
(i) the related principal portion of each Monthly
Payment due on the related Due Date on each
Outstanding Mortgage Loan in the related Mortgage
Pool 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, each in
respect of such Mortgage Pool, subsequent to the
related 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);
28
<PAGE>
(ii) all principal prepayments in part in respect of
the related Mortgage Pool received during the
related Prepayment Period, together with the
Scheduled Principal Balance (as reduced by any
Deficient Valuation in respect of such Mortgage
Pool occurring on or prior to the related
Bankruptcy Coverage Termination Date) of each
Mortgage Loan in the related Mortgage Pool that
was the subject of a Voluntary Principal
Prepayment in full during the related Prepayment
Period;
(iii) the sum of (A) all Net Liquidation Proceeds in
respect of the related Mortgage Pool allocable to
principal received in respect of each Mortgage
Loan in the related Mortgage Pool 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 in the related
Mortgage Pool 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 in respect of such
Mortgage Pool occurring on or prior to the
related Bankruptcy Coverage Termination Date) of
each Mortgage Loan in the related Mortgage Pool
that 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 in
the related Mortgage Pool 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 in
respect of such Mortgage Pool occurring on or
prior to the related 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 1: The aggregate of the Mortgage Loans identified
in the Mortgage Loan Schedule as Pool 1 Mortgage Loans.
29
<PAGE>
Pool 1 Category A Group I Final Distribution Date: The
first Distribution Date on which the aggregate Certificate
Principal Balance of the Pool 1 Category A Group I Senior
Certificates has been reduced to zero.
Pool 1 Category A Group I Senior Certificate: Any
Class 1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5,
Class 1-A6, Class 1-A7, Class R or Class RL Certificate and
the Class 1-A11 Certificates in respect of the Class 1-A11A
and Class 1-A11C Components thereof.
Pool 1 Category A Group I Senior Certificate Principal
Balance: As to any Distribution Date, an amount equal to
the sum of the Class Certificate Principal Balances of the
Pool 1 Category A Group I Senior Certificates.
Pool 1 Category A Group I Senior Principal
Distribution Amount: As defined in Section
4.01(a)(iii)(A)(l)(y) herein.
Pool 1 Category A Group II Senior Certificate: Any
Class 1-A8, Class 1-A9 or Class 1-A10 Certificate and the
Class 1-A11 Certificates in respect of the Class 1-A11B and
Class 1-A11D Components thereof.
Pool 1 Category A Group II Senior Certificate
Principal Balance: As to any Distribution Date, an amount
equal to the sum of the Class Certificate Principal
Balances of the Pool 1 Category A Group II Senior
Certificates.
Pool 1 Category A Group II Senior Percentage: As to
any Distribution Date, the percentage (carried to six
places rounded up) obtained by dividing the Pool 1 Category
A Group II Senior Certificate Principal Balance immediately
prior to such Distribution Date by an amount equal to the
sum of the Class Certificate Principal Balances of the Pool
1 Category A Senior Certificates, plus the Pool 1 Category
A Percentage of the sum of the Class Certificate Principal
Balances of the Pool 1 Junior Certificates immediately
prior to such Distribution Date.
Pool 1 Category A Group II Senior Prepayment
Distribution Percentage: 0% through the Distribution Date
in October 2002; 30% thereafter through the Distribution
Date in October 2003; 40% thereafter through the
Distribution Date in October 2004; 60% thereafter through
the Distribution Date in October 2005; 80% thereafter
through the Distribution Date in October 2006; and 100%
thereafter.
Pool 1 Category A Group II Senior Principal
Distribution Amount: With respect to any Distribution Date,
the sum of (a) the Pool 1 Category A Percentage of the Pool
30
<PAGE>
1 Scheduled Principal Amount for such date multiplied by
the Pool 1 Category A Group II Senior Percentage for such
date, and (b) the Pool 1 Category A Percentage of the Pool
1 Unscheduled Principal Amount for such date multiplied by
the product of (x) the Pool 1 Category A Group II Senior
Percentage for such date and (y) the Pool 1 Category A
Group II Senior Prepayment Distribution Percentage for such
date; provided, however, (i) on the Pool 1 Category A Group
I Final Distribution Date, the Pool 1 Category A Group II
Senior Principal Distribution Amount will be increased by
any Pool 1 Category A Senior Optimal Principal Amount
remaining after distributions of principal have been made
on the Pool 1 Category A Group I Senior Certificates on
such date and (ii) following the Pool 1 Category A Group I
Final Distribution Date, the Pool 1 Category A Group II
Senior Principal Distribution Amount for any Distribution
Date will equal the Pool 1 Category A Senior Optimal
Principal Amount for such date.
Pool 1 Category A Percentage: With respect to any
Distribution Date, 60.000092%
Pool 1 Category A Senior Certificate: Any Class 1-A1,
Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class
1-A11, Class R or Class RL Certificate.
Pool 1 Category A Senior Certificate Principal
Balance: As to any Distribution Date, an amount equal to
the sum of the Certificate Principal Balances of the Pool 1
Category A Senior Certificates.
Pool 1 Category A Senior Optimal Principal Amount:
With respect to any Distribution Date, an amount equal to
the Pool 1 Category A Percentage of the Senior Optimal
Principal Amount for the Pool 1 Certificates.
Pool 1 Category B Group I Final Distribution Date: The
first Distribution Date on which the aggregate Certificate
Principal Balance of the Pool 1 Category B Group I Senior
Certificates has been reduced to zero.
Pool 1 Category B Group I Senior Certificate: Any
Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16 or Class
1-A17 Certificate.
Pool 1 Category B Group II Senior Certificate: Any
Class 1-A12 Certificate.
Pool 1 Category B Percentage: With respect to any
Distribution Date, 39.999908%.
31
<PAGE>
Pool 1 Category B Senior Certificate: Any Class 1-A12,
Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16 or Class
1-A17 Certificate.
Pool 1 Category B Senior Certificate Principal
Balance: As to any Distribution Date, an amount equal to
the sum of the Certificate Principal Balances of the
Category B Senior Certificates.
Pool 1 Category B Senior Optimal Principal Amount:
With respect to each Distribution Date, an amount equal to
the Pool 1 Category B Percentage of the Senior Optimal
Principal Amount for the Pool 1 Certificates.
Pool 1 Certificate: Any Pool 1 Senior Certificate or
Pool 1 Junior Certificate or the Class 1-S Certificate.
Pool 1 Junior Certificate: Any Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4 or Class 1-B5
Certificate.
Pool 1 Mortgage Loan: A Mortgage Loan identified as a
Pool 1 Mortgage Loan in the Mortgage Loan Schedule.
Pool 1 Scheduled Principal Amount: With respect to any
Distribution Date, the aggregate of the amounts described
in clauses (i) and (iii) of the definition of Senior
Optimal Principal Amount for Pool 1 without application of
the related Senior Percentage or the related Senior
Prepayment Percentage for such Distribution Date.
Pool 1 Senior Certificate: Any Class 1-A1, Class 1-A2,
Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6, Class 1-A7,
Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11, Class 1-
A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class R, Class RL or Class 1-PO Certificate.
Pool 1 Unscheduled Principal Amount: With respect to
any Distribution Date, the aggregate of the amounts
described in clauses (ii), (iv) and (v) of the definition
of Senior Optimal Principal Amount for Pool 1 without
application of the related Senior Prepayment Percentage for
such Distribution Date.
Pool Scheduled Principal Balance: With respect to any
Distribution Date and each Mortgage Pool, the aggregate
Scheduled Principal Balance of all the Mortgage Loans in
such Mortgage Pool 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).
32
<PAGE>
Pool 2: The aggregate of the Mortgage Loans identified
in the Mortgage Loan Schedule as Pool 2 Mortgage Loans.
Pool 2 Certificate: Any Pool 2 Senior Certificate or
Pool 2 Junior Certificate or the Class 2-S Certificate.
Pool 2 Group I Final Distribution Date: The first
Distribution Date on which the aggregate Certificate
Principal Balance of the Pool 2 Group I Senior Certificates
has been reduced to zero.
Pool 2 Group I Senior Certificate: Any Class 2-A2,
Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7,
Class 2-A8, Class 2-A9 or Class 2-A10 Certificate.
Pool 2 Group I Senior Principal Distribution Amount:
As defined in Section 4.01(b)(iii)(A)(z) herein.
Pool 2 Group II Senior Certificate: Any Class 2-A1
Certificate.
Pool 2 Junior Certificate: Any Class 2-M, Class 2-B1,
Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-B5
Certificate.
Pool 2 Mortgage Loan: A Mortgage Loan identified as a
Pool 2 Mortgage Loan in the Mortgage Loan Schedule.
Pool 2 Senior Certificate: Any Class 2-A1, Class 2-A2,
Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6 or Class 2-
A7, Class 2-A8, Class 2-A9, Class 2-A10 or Class 2-PO
Certificate.
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: As to the Pool 1
Certificates, 250% of the Prepayment Assumption; as to the
Pool 2 Certificates, 235% of the Prepayment Assumption.
Prepayment Distribution Trigger: As of any
Distribution Date and as to each Class of Class B
33
<PAGE>
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
of the related Certificate Group subordinate thereto, if
any, on such Distribution Date, and the denominator of
which is the Pool Scheduled Principal Balance for the
related Mortgage Pool 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
Cutoff Date) and ending on the fifteenth day of the month
in which such Distribution Date occurs.
Primary Insurance Policy: The certificate of private
mortgage insurance relating to a particular Mortgage Loan,
or an electronic screen print setting forth the information
contained in such certificate of private mortgage
insurance, including, without limitation, information
relating to the name of the mortgage insurance carrier, the
certificate number, the loan amount, the property address,
the effective date of coverage, the amount of coverage and
the expiration date of the policy. Each such policy covers
defaults by the Mortgagor, which coverage shall equal the
portion of the unpaid principal balance of the related
Mortgage Loan that exceeds 75% (or such lesser coverage
required or permitted by FNMA or FHLMC) of the Original
Value of the underlying Mortgaged Property.
34
<PAGE>
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: With respect to Pool 1,
any Class 1-PO Certificate. With respect to Pool 2, any
Class 2-PO Certificate.
Principal Only Component: With respect to Pool 1, any
Class 1-A11A and Class 1-A11B Component. With respect to
Pool 2, 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: Any of (i) the private
placement memorandum relating to the Class 1-A11
Certificates dated October 27, 1997, (ii) the private
placement memorandum relating to the Class 1-B3, Class 1-B4
and Class 1-B5 Certificates dated October 27, 1997, or
(iii) the private placement memorandum relating to the
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates dated
October 27, 1997.
Prohibited Transaction Exemption: With respect to
PaineWebber Incorporated, U.S. Department of Labor
Prohibited Transaction Exemption 90-36, 55 Fed. Reg. 25903,
June 25, 1990. With respect to Greenwich Capital Markets,
Inc., U.S. Department of Labor Prohibited Transaction
Exemption 90-59, 55 Fed. Reg. 36724, September 6, 1990.
Property Protection Expenses: With respect to any
Mortgage Loan, expenses paid or incurred by or for the
account of the Company in accordance with the related
Mortgage for (a) real estate property taxes and property
repair, replacement, protection and preservation expenses
and (b) similar expenses reasonably paid or incurred to
preserve or protect the value of such Mortgage to the extent
35
<PAGE>
the Company is not reimbursed therefor pursuant to the
Primary Insurance Policy, if any, or any other insurance
policy with respect thereto.
Proprietary Lease: With respect to a Cooperative Loan,
the proprietary lease or occupancy agreement with respect
to the Cooperative Apartment occupied by the Mortgagor and
relating to the related Cooperative Stock, which lease or
agreement confers an exclusive right to the holder of such
Cooperative Stock to occupy such apartment.
Purchase Price: With respect to any Mortgage Loan
required or permitted to be purchased hereunder from the
Trust Fund, an amount equal to 100% of the unpaid principal
balance thereof plus interest thereon at the applicable
Mortgage Rate from the date to which interest was last paid
to the first day of the month in which such purchase price
is to be distributed; provided, however, that if the
Company is the servicer hereunder, such purchase price
shall be net of unreimbursed Monthly Advances with respect
to such Mortgage Loan, and the interest component of the
Purchase Price may be computed on the basis of the Net
Mortgage Rate for such Mortgage Loan; and provided,
further, that if such Mortgage Loan is a Modified Mortgage
Loan, the interest component of the Purchase Price shall be
computed (i) on the basis of the applicable Mortgage Rate
before giving effect to the related modification and (ii)
from the date to which interest was last paid to the date
on which such Modified Mortgage Loan is assigned to the
Company pursuant to Section 3.01(c).
QIB: A "qualified institutional buyer" as defined in
Rule 144A under the Securities Act of 1933, as amended.
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 Class 1-M, Class 1-B1, Class 1-B2,
Class 1- B3, Class 1-B4, Class 2-B2, Class 2-B3 and Class
2-B4 Certificates, Fitch shall be the sole Rating Agency.
The Class 1-B5 and Class 2-B5 Certificates shall not be
rated.
36
<PAGE>
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 Net Liquidation Proceeds.
Record Date: The last Business Day of the month
immediately preceding the month of the related Distribution
Date.
Reference Banks: As defined in Section 5.08.
Relief Act: The Soldiers' and Sailors' Civil Relief
Act of 1940, as amended.
Relief Act Mortgage Loan: Any Mortgage Loan as to
which the Monthly Payment thereof has been reduced due to
the application of the Relief Act.
REMIC: A "real estate mortgage investment conduit"
within the meaning of section 860D of the Code.
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. Department 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 or Class RL
Certificate.
Responsible Officer: When used with respect to the
Trustee, any officer or assistant officer assigned to and
working in the Corporate Trust Department of the Trustee
and, also, with respect to a particular matter, any other
37
<PAGE>
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 1-A11 Certificate, Class PO Certificate,
or Class S Certificate.
Restricted Junior Certificate: Any Class 1-B3, Class
1-B4, Class 1-B5, Class 2-B3, Class 2-B4 or Class 2-B5
Certificate.
S&P: Standard & Poor's Rating Services, a division of
The McGraw-Hill Companies, Inc., and its successors.
S&P Formula Amount: As to each Anniversary
Determination Date and each Mortgage Pool, 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 such Mortgage Pool whose original principal balance was
75% or greater of the Original Value thereof.
SAIF: The Savings Association Insurance Fund of the
FDIC, or its successor in interest.
Scheduled Balance: As to any Distribution Date and any
Class of Scheduled Certificates or 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.
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 related 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.
38
<PAGE>
Security Agreement: With respect to a Cooperative
Loan, the agreement creating a security interest in favor of
the originator in the related Cooperative Stock and
Proprietary Lease.
Senior Certificate: Any Pool 1 Senior Certificate or
Pool 2 Senior Certificate.
Senior Certificate Principal Balance: As of any
Distribution Date and as to each Certificate Group, an
amount equal to the sum of the Certificate Principal
Balances of the related Senior Certificates (other than, in
the case of the Pool 1 Certificates, the Class 1-PO
Certificates, and in the case of the Pool 2 Certificates,
the Class 2-PO Certificates).
Senior Optimal Principal Amount: As to any
Distribution Date and each Certificate Group, an amount
equal to the sum of:
(i) the related 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 in the related
Mortgage Pool 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 in respect
of such Mortgage Pool subsequent to the related
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 related Senior Prepayment Percentage of the
applicable Non-PO Percentage of all principal
prepayments in part in respect of the related
Mortgage Pool received during the related
Prepayment Period, together with the related
Senior Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan in the related
Mortgage Pool which was the subject of a Voluntary
Principal Prepayment in full during the related
Prepayment Period;
(iii) the lesser of (x) the related Senior Percentage
of the applicable Non-PO Percentage of the sum of
(A) the Scheduled Principal Balance of each
Mortgage Loan in the related Mortgage Pool that
became a Liquidated Mortgage Loan (other than
Mortgage
39
<PAGE>
Loans described in clause (B)) during the related
Prepayment Period and (B) the Scheduled Principal
Balance of each Mortgage Loan in the related
Mortgage Pool 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 related
Senior Percentage of the applicable Non-PO
Percentage of the principal portion of any Excess
Losses in respect of the related Mortgage Pool
(other than Excess Bankruptcy Losses attributable
to Debt Service Reductions), and (y) the related
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 in the related Mortgage Pool (other
than Mortgage Loans described in clause (B)) and
(B) the principal balance of each such Mortgage
Loan in the related Mortgage Pool purchased by an
insurer from the Trustee pursuant to the related
Primary Insurance Policy, in each case during the
related Prepayment Period;
(iv) the related Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled
Principal Balance of each Mortgage Loan in the
related Mortgage Pool which was purchased on such
Distribution Date pursuant to Section 2.02,
2.03(a) or 3.16; and
(v) the related Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution
Amount for any Mortgage Loan in the related
Mortgage Pool 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 and
each Certificate Group, the lesser of (i) 100% and (ii) the
percentage (carried to six places rounded up) obtained by
dividing the Senior Certificate Principal Balance for such
Certificate Group immediately prior to such Distribution
Date by an amount equal to the sum of the Certificate
Principal Balances of all the Certificates in such
Certificate Group other than, in the case of the Pool 1
Certificates, the Class 1-PO Certificates, and in the case
40
<PAGE>
of the Pool 2 Certificates, the Class 2-PO Certificates,
immediately prior to such Distribution Date.
Senior Prepayment Percentage: As to each Certificate
Group, for any Distribution Date occurring prior to the
fifth anniversary of the first Distribution Date, 100%. As
to each Certificate Group, 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 October
2002 to and including the Distribution Date in
October 2003, the related Senior Percentage for
such Distribution Date plus 70% of the related
Junior Percentage for such Distribution Date;
(ii) for any Distribution Date subsequent to October
2003 to and including the Distribution Date in
October 2004, the related Senior Percentage for
such Distribution Date plus 60% of the related
Junior Percentage for such Distribution Date;
(iii) for any Distribution Date subsequent to October
2004 to and including the Distribution Date in
October 2005, the related Senior Percentage for
such Distribution Date plus 40% of the related
Junior Percentage for such Distribution Date;
(iv) for any Distribution Date subsequent to October
2005 to and including the Distribution Date in
October 2006, the related Senior Percentage for
such Distribution Date plus 20% of the related
Junior Percentage for such Distribution Date; and
(v) for any Distribution Date thereafter, the related
Senior Percentage for such Distribution Date.
Notwithstanding the foregoing, (i) if on any Distribution
Date the related Senior Percentage exceeds the related
Senior Percentage as of the Closing Date, the Senior
Prepayment Percentage for such Certificate Group for such
Distribution Date will equal 100%.
In addition, notwithstanding the foregoing, no reduction of
the Senior Prepayment Percentage for a Certificate Group
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
41
<PAGE>
Scheduled Principal Balance of Mortgage Loans in the
related Mortgage Pool is delinquent 60 days or more
(including for this purpose any Mortgage Loans in
foreclosure and REO Mortgage Loans) as a percentage of
the aggregate Class Certificate Principal Balance of
the related Junior Certificates as of such date, does
not exceed 50%, and (ii) cumulative Realized Losses
with respect to the Mortgage Loans in the related
Mortgage Pool do not exceed (a) 30% of the aggregate
Class Certificate Principal Balance of the related
Junior Certificates as of the Closing Date (the
"Original Subordinate Principal Balance" for such
Certificate Group) if such Distribution Date occurs
between and including November 2002 and October 2003,
(b) 35% of the Original Subordinate Principal Balance
for such Certificate Group if such Distribution Date
occurs between and including November 2003 and October
2004, (c) 40% of the Original Subordinate Principal
Balance for such Certificate Group if such
Distribution Date occurs between and including
November 2004 and October 2005, (d) 45% of the
Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including November 2005 and October 2006
and (e) 50% of the Original Subordinate Principal
Balance for such Certificate Group if such
Distribution Date occurs during or after November
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 in the
related Mortgage Pool 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 in the
related Mortgage Pool averaged over the last three
months, does not exceed 4%, and (ii) cumulative
Realized Losses with respect to the Mortgage Loans in
the related Mortgage Pool do not exceed (a) 10% of the
Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including November 2002 and October 2003,
(b) 15% of the Original Subordinate Principal Balance
for such Certificate Group if such Distribution Date
occurs between and including November 2003 and October
2004, (c) 20% of the Original Subordinate Principal
Balance for such Certificate Group if such
Distribution Date occurs between and including
November 2004 and October 2005, (d) 25% of the
Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including November
42
<PAGE>
2005 and October 2006, and (e) 30% of the Original
Subordinate Principal Balance for such Certificate
Group if such Distribution Date occurs during or after
November 2006.
Servicer's Certificate: A certificate, completed by
and executed on behalf of the Company in accordance with
Section 4.06, substantially in the form of Exhibit D hereto
or in such other form as the Company and the Trustee shall
agree.
Servicing Fee: As to any Mortgage Loan and
Distribution Date, an amount equal to the product of (i)
the Scheduled Principal Balance of such Mortgage Loan as of
the Due Date in the preceding calendar month and (ii) the
Servicing Fee Rate for such Mortgage Loan.
Servicing Fee Rate: As to any Mortgage Loan, the per
annum rate identified as such for such Mortgage Loan and set
forth in the Mortgage Loan Schedule.
Servicing Officer: Any officer of the Company involved
in, or responsible for, the administration and servicing of
the Mortgage Loans whose name appears on a list of
servicing officers attached to an Officer's Certificate
furnished to the Trustee by the Company, as such list may
from time to time be amended.
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;
43
<PAGE>
or (ii) any Realized Loss suffered by the Trust Fund
arising from or related to the presence or suspected
presence of hazardous wastes or hazardous substances on a
Mortgaged Property unless such loss to a Mortgaged Property
is covered by a hazard policy or a flood insurance policy
required to be maintained in respect of such Mortgaged
Property under Section 3.06.
Special Hazard Loss Amount: As of any Distribution
Date, an amount equal to $5,011,575, in the case of Pool 1,
and $4,479,428 in the case of Pool 2, minus, in each case,
the sum of (i) the aggregate amount of Special Hazard
Losses in respect of such Mortgage Pool that would have
been allocated to the related Junior Certificates in
accordance with Section 4.03 in the absence of the Loss
Allocation Limitation and (ii) the related Adjustment
Amount (as defined below) as most recently calculated. On
each anniversary of the Cut-off Date, the "Adjustment
Amount" for each Mortgage Pool shall be equal to the
amount, if any, by which the amount calculated in
accordance with the preceding sentence for such Mortgage
Pool (without giving effect to the deduction of the related
Adjustment Amount for such anniversary) exceeds the lesser
of (x) the greater of (A) the product of the Special Hazard
Percentage for such Mortgage Pool for such anniversary
multiplied by the outstanding principal balance of all the
Mortgage Loans in such Mortgage Pool on the Distribution
Date immediately preceding such anniversary and (B) twice
the outstanding principal balance of the Mortgage Loan in
such Mortgage Pool that 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: With respect to each
Mortgage Pool and 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 in such
Mortgage Pool 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 in such Mortgage Pool as of the immediately
preceding Distribution Date.
Special Hazard Termination Date: With respect to each
Mortgage Pool, the Distribution Date upon which the Special
Hazard Loss Amount for such Mortgage Pool has been reduced
to zero or a negative number (or the related Cross-Over
Date, if earlier).
44
<PAGE>
Startup Day: As defined in Section 2.05(b).
Strip Rate: With respect to the Class 1-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 in Pool 1 as of the Due Date in
the preceding calendar month (or the Cut-off Date, in the
case of the first Distribution Date) over (y) 7.25%, and
with respect to the Class 2-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 in Pool 2 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 in each case such calculation shall not
include any Mortgage Loan that was the subject of a
Voluntary Principal Prepayment in full received by the
Company (or of which the Company received notice, in the
case of a Mortgage Loan serviced by a Primary Servicer) on
or after the first day but on or before the 15th day of
such preceding calendar month.
Subordinate Certificates: As to any date of
determination and each Certificate Group, first, the
related Class B5 Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero; second,
the related Class B4 Certificates until the Class
Certificate Principal Balance thereof has been reduced to
zero; third, the related Class B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; fourth, the related Class B2 Certificates
until the Class Certificate Principal Balance thereof has
been reduced to zero; fifth, the related Class B1
Certificates until the Class Certificate Principal Balance
thereof has been reduced to zero; and sixth, the related
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, in the case of the Pool 1
Certificates, any amount distributed to the Class 1-PO
Certificates on such Distribution Date pursuant to Section
4.01(a)(iv), and in the case of the Pool 2 Certificates,
any amount distributed to the Class 2-PO Certificates on
such Distribution Date pursuant to Section 4.01(b)(iv), and
second, after giving effect to the application of the
applicable portion of clause first above, the amount by
which (i) the sum of the Class Certificate Principal
45
<PAGE>
Balances of all the Certificates in the related Certificate
Group (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 of the related Mortgage Pool on the first
day of the month of such Distribution Date less any
Deficient Valuations occurring in respect of the Mortgage
Loans in such Mortgage Pool on or prior to the related
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 or 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 Certificate: Any Class 1-A6 or Class 1-A14
Certificate.
TAC Component: The Class 1-A11C Component.
Trigger Event: Any one or more of the following: (i)
if the Company is not a wholly-owned direct or indirect
subsidiary of General Electric Company or if General
Electric Capital Corporation shall not own (directly or
indirectly) at least two-thirds of the voting shares of the
capital stock of the Company, (ii) if the long-term senior
unsecured rating of General Electric Capital Corporation is
downgraded or withdrawn by Fitch or S&P below their two
highest rating categories, (iii) if General Electric
Capital Corporation is no longer obligated pursuant to the
terms of 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.
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.
46
<PAGE>
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
(x) any collateral funds established to secure
the obligations of the Holder of the Class 1-B4 and
Class 1-B5 Certificates, respectively, or of the Class
2-B4 and Class 2-B5 Certificates, respectively, under
any agreements entered into between either such Holder
and the Company pursuant to Section 3.08(e).
Unanticipated Recovery: As defined in Section 4.01(g)
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
47
<PAGE>
insurance policies required to be maintained pursuant to
Section 3.06.
Unpaid Class Interest Shortfall: As to any
Distribution Date and any Class of Certificates (other than
any Class of Principal Only Certificates) or any Component,
the amount, if any, by which the aggregate of the Class
Interest Shortfalls for such Class or 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 Component (or
added to the Class Certificate Principal Balance of any
Class of Accrual Certificates, or to the Component
Principal Balance of any Accrual Component) pursuant to
Section 4.01(a)(ii), in the case of the Pool 1 Senior
Certificates (other than any Class of Principal Only
Certificates), and any Component thereof (other than any
Principal Only Component), and the Class 1-S Certificates,
Section 4.01(a)(vi), in the case of the Class 1-M
Certificates, Section 4.01(a)(ix), in the case of the Class
1-B1 Certificates, Section 4.01(a)(xii), in the case of the
Class 1-B2 Certificates, Section 4.01(a)(xv), in the case
of the Class 1-B3 Certificates, Section 4.01(a)(xviii), in
the case of the Class 1-B4 Certificates, Section
4.01(a)(xxi), in the case of the Class 1-B5 Certificates,
Section 4.01(b)(ii), in the case of the Pool 2 Senior
Certificates and any Component thereof, and the Class 2-S
Certificates, Section 4.01(b)(vi), in the case of the Class
2-M Certificates, Section 4.01(b)(ix), in the case of the
Class 2-B1 Certificates, Section 4.01(b)(xii), in the case
of the Class 2-B2 Certificates, Section 4.01(b)(xv), in the
case of the Class 2-B3 Certificates, Section
4.01(b)(xviii), in the case of the Class 2-B4 Certificates,
and Section 4.01(b)(xxi), in the case of the Class 2-B5
Certificates.
Upper Tier REMIC: One of the two separate REMICs
comprising the Trust Fund, the assets of which consist of
the Lower Tier Interests.
Voluntary Principal Prepayment: With respect to any
Distribution Date, any prepayment of principal received from
the related Mortgagor on a Mortgage Loan (including the
Purchase Price of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c)).
Voting Rights: The portion of the voting rights of all
the Certificates that is allocated to any Certificate for
purposes of the voting provisions of Section 10.01. At all
times during the term of this Agreement, 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
48
<PAGE>
allocated to each Class of Class S Certificates shall be
allocated between such Classes (and among the Certificates
of each such Class) in proportion to their aggregate
Notional Principal Balance or Notional Principal Balances,
as the case may be. 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. (a) 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).
(b) In connection with such transfer and assignment, the
Company does hereby deliver to the Trustee the following
documents or instruments with respect to
(1) Each Mortgage Loan (other than any Cooperative
Loan or Designated Loan) so transferred and assigned:
(i) The Mortgage Note, endorsed without recourse
in blank by the Company, including all intervening
endorsements showing a complete chain of endorsement
from the originator to the Company; provided, however,
that if such Mortgage Note is a Confirmatory Mortgage
Note, such Confirmatory Mortgage Note may be payable
directly to the Company or may show a complete chain
of endorsement from the named payee to the Company;
(ii) Any assumption and modification agreement;
and
(iii) An assignment in recordable form (which may
be included in a blanket assignment or assignments) of
the Mortgage to the Trustee; and
(2) each Cooperative Loan (other than a Designated
Loan) so transferred and assigned:
49
<PAGE>
(i) The Mortgage Note, endorsed without recourse
in blank by the Company and showing an unbroken chain
of endorsements 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) A counterpart of the Proprietary Lease and
the Assignment of Proprietary Lease executed in blank
or to the originator of the Cooperative Loan;
(iii) The related Cooperative Stock Certificate,
together with an undated stock power (or other similar
instrument) executed in blank;
(iv) A counterpart of the recognition agreement
by the Cooperative of the interests of the mortgagee
with respect to the related Cooperative Loan;
(v) The Security Agreement;
(vi) Copies of the original UCC-1 financing
statement, and any continuation statements, filed by
the originator of such Cooperative Loan as secured
party, each with evidence of recording thereof,
evidencing the interest of the originator in the
Cooperative Stock and the Proprietary Lease;
(vii) Copies of the UCC-3 assignments of the
security interest described in clause (vi) above, sent
to the appropriate public office for filing, showing
an unbroken chain of title from the originator to the
Company (if applicable), evidencing the interest of
the originator in the Cooperative Stock and the
Proprietary Lease;
(viii) An executed assignment of the interest of
the Company in the Security Agreement, Assignment of
Proprietary Lease and the recognition agreement
described in clause (iv) above, showing an unbroken
chain of title from the originator to the Trustee; and
(ix) A UCC-3 assignment from the Company to the
Trustee of the security interest described in clause
(vi) above, in form suitable for filing, otherwise
complete except for filing information regarding the
original UCC-1 if unavailable (which may be included
in a blanket assignment to the Trustee);
50
<PAGE>
In instances where a completed assignment of the
Mortgage in recordable form cannot be delivered by the Company to
the Trustee in accordance with Section 2.01(b)(1)(iii) 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.
(3) With respect to each Designated Loan, the Company
does hereby deliver to the Trustee the Designated Loan Closing
Documents.
(c) 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 (other than with respect to a Cooperative Loan);
(ii) a copy of the title insurance policy (other than
with respect to a Cooperative Loan);
(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
(other than with respect to a Cooperative Loan); and
(iv) with respect to any Cooperative Loan that has been
assigned to the Company, the related filed intervening
UCC-3 financing statements (not previously delivered
pursuant to Section 2.01(b)(2)(vii)), showing a complete
chain of assignment from the named 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
(other than with respect to a Cooperative Loan). 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,
51
<PAGE>
described in the second and third preceding sentences are
collectively referred to herein as the "Document File" with
respect to each Mortgage Loan.) The Company shall advise the
Trustee in writing if such delivery to the Trustee shall not have
occurred on or before the first anniversary of the Closing Date.
The Company shall promptly furnish to the Trustee the documents
included in the Document Files (other than any such documents
previously delivered to the Trustee as originals or copies)
either (a) upon the written request of the Trustee or (b) when
the Company or the Trustee obtains actual notice or knowledge of
a Trigger Event. The Trustee shall have no obligation to request
delivery of the Document Files unless a Responsible Officer of
the Trustee has actual notice or knowledge of the occurrence of a
Trigger Event.
In the case of Mortgage Loans which have been prepaid
in full after the Cut-off Date and prior to the date of execution
and delivery of this Agreement, the Company, in lieu of
delivering the above documents to the Trustee, herewith delivers
to the Trustee a certification of a Servicing Officer of the
nature set forth in Section 3.09.
(d) The Company shall not be required to record the
assignments of the Mortgages referred to in Section
2.01(b)(1)(iii) or file the UCC-3 assignments referred to in
Section 2.01(b)(2)(ix) 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 or
filing shall not be required if the Company delivers to the
Trustees 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 or filing information in the assignments of the
Mortgages or UCC-3 assignments to the Trustee and shall cause the
same to be recorded or filed, at the Company's expense, in the
appropriate public office for real property records or UCC
financing statements, except that the Company need not cause to
be so completed and recorded any assignment of Mortgage 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
52
<PAGE>
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 or file the assignment of Mortgages or
UCC-3 financing statement in the circumstances provided above,
the Trustee shall record or cause to be recorded or filed such
assignment at the expense of the Company. In connection with any
such recording or filing, the Company shall furnish such
documents as may be reasonably necessary to accomplish such
recording or filing. Notwithstanding the foregoing, at any time
the Company may record or file, or cause to be recorded or filed,
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 by it of the Mortgage Notes, the assignments of the
Mortgages to the Trustee, the assumption and modification
agreements, if any, the documents specified in Section 2.01(b)(2)
(subject to any permitted delayed delivery of the documents
described in Section 2.01(c)(iv)), 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, the documents specified in
Section 2.01(b)(2) (subject to any permitted delayed delivery of
the documents described in Section 2.01(c)(iv)), and the
Designated Loan Closing Documents, if any, and (ii) 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
53
<PAGE>
approval, or (3) based upon its examination of such documents,
the information with respect to any Mortgage Loan set forth on
Exhibit C is not accurate, the Trustee shall promptly so notify
the Company in writing, which shall have a period of 60 days
after receipt of such notice to correct or cure any such defect.
The Company hereby covenants and agrees that, if any such
material defect cannot be corrected or cured, the Company will on
a Distribution Date which is not later than the first
Distribution Date which is more than ten days after the end of
such 60-day period repurchase the related Mortgage Loan from the
Trustee at the Purchase Price therefor or replace such Mortgage
Loan pursuant to Section 2.03(b); provided, however, that if the
defect (or breach pursuant to Section 2.03(a)) is one that, had
it been discovered before the Startup Day, would have prevented
the Mortgage Loan from being a "qualified mortgage" within the
meaning of the REMIC Provisions, such defect or breach shall be
cured, or the related Mortgage Loan shall be repurchased or
replaced, on a Distribution Date which falls within 90 days of
the date of discovery of such defect or breach. The Purchase
Price for the repurchased Mortgage Loan, or any amount required
in respect of a substitution pursuant to Section 2.03(b), shall
be deposited by the Company in the Certificate Account pursuant
to Section 3.02(d) on the Business Day prior to the applicable
Distribution Date and, upon receipt by the Trustee of written
notification of such deposit signed by a Servicing Officer, the
Trustee shall release or cause to be released to the Company the
related Mortgage File and shall execute and deliver or cause to
be executed and delivered such instruments of transfer or
assignment, in each case without recourse, as shall be necessary
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;
54
<PAGE>
(ii) As of the date of the initial issuance of the
Certificates, other than with respect to Cooperative Loans,
each Mortgage is a valid and enforceable first lien on the
property securing the related Mortgage Note subject only to
(a) the lien of current real property taxes and
assessments, (b) covenants, conditions and restrictions,
rights of way, easements and other matters of public record
as of the date of recording of such Mortgage, such
exceptions appearing of record being acceptable to mortgage
lending institutions generally in the area wherein the
property subject to the Mortgage is located or specifically
reflected in the appraisal obtained in connection with the
origination of the related Mortgage Loan obtained by the
Company and (c) other matters to which like properties are
commonly subject which do not materially interfere with the
benefits of the security intended to be provided by such
Mortgage;
(iii) Immediately prior to the transfer and assignment
herein contemplated, the Company had good title to, and was
the sole owner of, each Mortgage Loan and all action had
been taken to obtain good record title to each related
Mortgage. Each Mortgage Loan has been transferred free and
clear of any liens, claims and encumbrances;
(iv) As of the date of the initial issuance of the
Certificates, no payment of principal of or interest on or
in respect of any Mortgage Loan is 30 or more days past due
and none of the Mortgage Loans have been past due 30 or
more days more than once during the preceding 12 months;
(v) As of the date of the initial issuance of the
Certificates, other than with respect to Cooperative Loans,
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, other than with respect to Cooperative Loans,
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
55
<PAGE>
(or in the case of a Cooperative Loan, the related
Cooperative Apartment) 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) Other than with respect to Cooperative Loans, 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% of the Original Value thereof;
as of the Cut-off Date, no more than 19.5% of the Mortgage
Loans in Pool 1 and no more than 18.0% of the Mortgage
Loans in Pool 2, in each case 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 7.3750% per annum and not greater
than 10.5000% per annum, in the case of Pool 1, and was not
less than 6.8750% per annum and not greater than 9.25% per
annum, in the case of Pool 2. The Mortgage Rate of each
Mortgage Note is fixed for the life of the related Mortgage
Loan;
(xiii) Other than with respect to Cooperative Loans, 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;
56
<PAGE>
(xiv) As of the Cut-off Date, no more than 23.75% of the
Mortgage Loans in Pool 1 and no more than 22.00% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, had a Scheduled Principal Balance of
more than $400,000;
(xv) As of the Cut-off Date, no more than 1.00% of the
Mortgage Loans in Pool 1 and no more than 1.50% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by Mortgaged Properties
located in any one postal zip code area;
(xvi) As of the Cut-off Date, at least 98.00% of the
Mortgage Loans in Pool 1 and at least 97.75% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by Mortgaged Properties
determined by the Company to be the primary residence of
the Mortgagor. The basis for such determination is the
making of a representation by the Mortgagor at origination
that he or she intends to occupy the underlying property;
(xvii) As of the Cut-off Date, at least 94.00% of the
Mortgage Loans in Pool 1 and at least 93.25% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by one-family detached
residences;
(xviii) As of the Cut-off Date, no more than 2.50% of the
Mortgage Loans in Pool 1 and no more than 2.50% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by condominiums and, as of
the Cut-off Date, no more than 1.00% of the Mortgage Loans
in Pool 1 and no more than 1.00% of the Mortgage Loans in
Pool 2, in each case 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 in Pool 1
and no more than 0.25% of the Mortgage Loans in Pool 2, in
each case by Scheduled Principal Balance, are secured by
condominiums located in any one postal zip code area;
57
<PAGE>
(xix) Other than with respect to Cooperative Loans, 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 0.25% of the
Mortgage Loans in Pool 1 and no more than 0.50% of the
Mortgage Loans in Pool 2, in each case 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 in Pool 1 range from $13,000.00 to $950,000.00, and
the original principal balances of the Mortgage Loan in
Pool 2 range from $25,000.00 to $650,000.00;
(xxii) As of the Cut-off Date, no more than 1.50% of the
Mortgage Loans in Pool 1 and no more than 1.50% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by second homes, no more
than 0.75% of the Mortgage Loans in Pool 1 and no more than
1.00% of the Mortgage Loans in Pool 2, in each case by
Scheduled Principal Balance, are secured by investor-owned
properties, and, as of the Cut-off Date, no more than 0.50%
of the Mortgage Loans in Pool 1 and no more than 0.25% of
the Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by condominiums that
constitute second homes;
(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 October 27, 1997, included in the registration
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;
58
<PAGE>
(xxv) Other than with respect to Cooperative Loans, 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,
other than with respect to Cooperative Loans, the related
Mortgages and intervening assignment or assignments of
Mortgages, if any, have been delivered to a title insurance
company for recording.
(xxix) As of the Cut-Off Date, no more than 0.50% of the
Mortgage Loans in Pool 2, by Scheduled Principal Balance,
are Cooperative Loans. With respect to each such
Cooperative Loan:
(A) The Security Agreement creates a first lien
in the stock ownership and leasehold rights associated
with the related Cooperative Apartment;
(B) With respect to each Cooperative Loan, the
lien created by the related Security Agreement is a
valid, enforceable and subsisting first priority
security interest in the related Cooperative Stock
securing the related Mortgage Note, subject only to
(a) liens of the Cooperative for unpaid assessments
representing the Mortgagor's pro rata share of the
Cooperative's payments for its blanket mortgage,
current and future real property taxes, insurance
premiums, maintenance fees and other assessments to
which like collateral is commonly subject and (b) other
matters to which like collateral is commonly subject
59
<PAGE>
which do not materially interfere with the benefits of
the security intended to be provided by the Security
Agreement. There are no liens against or security
interest in the Cooperative Stock relating to such
Cooperative Loan (except for unpaid maintenance,
assessments and other amounts owed to the related
Cooperative which individually or in the aggregate do
not have a material adverse effect on such Cooperative
Loan), which have priority over the Trustee's security
interest in such Cooperative Stock;
(C) With respect to each Cooperative Loan, the
Cooperative Stock that is pledged as security for the
Mortgage Loan is held by a person as a
"tenant-stockholder" within the meaning of section 216
of the Code, the related Cooperative that owns title
to the related cooperative apartment building is a
"cooperative housing corporation" within the meaning
of section 216 of the Code, and such Cooperative is in
material compliance with applicable federal, state and
local laws which, if not complied with, could have a
material adverse effect on the Mortgaged Property; and
(D) With respect to each Cooperative Loan, there
is no prohibition against pledging the Cooperative
Stock or assigning the Proprietary Lease.
It is understood and agreed that the representations
and warranties set forth in this Section 2.03(a) shall survive
delivery of the respective Mortgage Files to the Trustee. Upon
discovery by either the Company or the Trustee of a breach of any
of the foregoing representations and warranties which materially
and adversely affects the interests of the Certificateholders in
the related Mortgage Loan, the party discovering such breach
shall give prompt written notice to the other. Subject to the
following sentence, within 60 days of its discovery or its
receipt of notice of breach, or, with the prior written consent
of a Responsible Officer of the Trustee, such longer period
specified in such consent, the Company shall cure such breach in
all material respects or shall repurchase such Mortgage Loan from
the Trustee or replace such Mortgage Loan pursuant to Section
2.03(b). Any such repurchase by the Company shall be accomplished
in the manner set forth in Section 2.02, subject to the proviso
of the third-to-last sentence thereof, and at the Purchase Price.
It is understood and agreed that the obligation of the Company to
repurchase or replace any Mortgage Loan as to which a breach
occurred and is continuing shall constitute the sole remedy
respecting such breach available to Certificateholders or the
Trustee on behalf of Certificateholders and such obligation of
the Company to repurchase or replace any such Mortgage Loan shall
not be assumed by any Person which may succeed the Company as
servicer hereunder, but shall continue as
60
<PAGE>
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"), and the Trustee or the Trust Fund
is named as a defendant in a TILA suit 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, 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, insofar as such losses, damages, claims
or expenses (including reasonable attorneys' fees) result from
such violation. The Company's obligations under the preceding
sentence shall not impair or derogate from the Company's
obligations to the Trustee under Section 8.05.
(b) If the Company is required to repurchase any
Mortgage Loan pursuant to Section 2.02 or 2.03(a), the Company
may, at its option, within the applicable time period specified
in such respective Sections, remove such Defective Mortgage Loan
from the terms of this Agreement and substitute one or more other
mortgage loans for such Defective Mortgage Loan, in lieu of
repurchasing such Defective Mortgage Loan, provided that no such
substitution shall occur more than two years after the Closing
Date. Any substitute Mortgage Loan shall (a) have a Scheduled
Principal Balance (together with that of any other Mortgage Loan
substituted for the same Defective Mortgage Loan) as of the first
Distribution Date following the month of substitution not in
excess of the Scheduled Principal Balance of the Defective
Mortgage Loan as of such date (the amount of any difference, plus
one month's interest thereon at the respective Net Mortgage Rate,
to be deposited by the Company in the Certificate Account
pursuant to Section 2.02), (b) have a Mortgage Rate not less
than, and not more than one percentage point greater than, the
Mortgage Rate of the Defective Mortgage Loan, (c) have the same
Net Mortgage Rate as the Defective Mortgage Loan, (d) have a
remaining term to stated maturity not later than, and not more
than one year less than, the remaining term to stated maturity of
the Defective Mortgage Loan, (e) be, in the reasonable
determination of the Company, of the same type, quality and
character as the Defective Mortgage Loan as if the defect or
breach had not occurred, (f) have a ratio of its current
principal amount to its Original Value not greater than that of
the removed Mortgage Loan and (g) be, in the reasonable
determination of the Company, in compliance with the
representations and warranties contained in Section 2.03(a) as of
the date of substitution.
61
<PAGE>
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. The REMICs. (a) For federal income tax
purposes, the Trust Fund shall consist of two REMICs, the Lower
Tier REMIC and the Upper Tier REMIC. The Certificates, other than
the Class RL Certificate, shall be issued by the Upper Tier
REMIC, and the Class RL Certificate shall be issued by the Lower
Tier REMIC. The Lower Tier REMIC shall be evidenced by the Class
RL Certificate and the regular interests having the
characteristics and terms set forth in the following table, which
interests (other than the Class RL Certificate) shall be issued
by the Lower Tier REMIC to the Trustee. The Lower Tier Interests
and the proceeds thereof shall be assets of the Upper Tier REMIC.
Principal of and interest on the Lower Tier Interests shall be
allocated to the Corresponding Classes of Certificates (or
Components) in the manner set forth in the following table.
62
<PAGE>
Corresponding Class of
Certificates(1)
----------------------
Lower-Tier Allocation Allocation
Lower-Tier Initial Lower Interest of of
Interest Tier Balance Rate Principal Interest
-------- ------------ ---- --------- --------
1-A1 $ 20,245,000.00 7.250% 1-A1 (2)
1-A2 16,190,000.00 7.250 1-A2 (2)
1-A3 18,554,000.00 7.250 1-A3 (2)
1-A4 14,167,000.00 7.250 1-A4 (2)
1-A5 13,544,000.00 7.250 1-A5 (2)
1-A6 76,620,000.00 7.250 1-A6 (3)
1-A7 8,065,445.00 7.250 1-A7 (3)
1-A8 5,975,000.00 7.250 1-A8 (4)
1-A9 35,843,000.00 7.250 1-A9 (4)
1-A10 7,550,000.00 7.250 1-A10 (4)
1-A11A 8,139,461.00 7.250 1-A11A 1-A11E
1-A11B 2,142,858.00 7.250 1-A11B 1-A11F
1-A11C 52,380,000.00 7.250 1-A11C (5)
1-A11D 8,489,142.00 7.250 1-A11D (5)
1-A12 20,045,000.00 7.250 1-A12 1-A12
1-A13 66,065,000.00 7.250 1-A13 1-A13
1-A14 42,235,000.00 7.250 1-A14 1-A14
1-A15 26,830,000.00 7.250 1-A15 1-A15
1-A16 16,580,000.00 7.250 1-A16 1-A16
1-A17 20,181,000.00 7.250 1-A17 1-A17
1-PO 16,449.67 0.000 1-PO N/A
1-S (6) (6) N/A 1-S
1-M 7,768,000.00 7.250 1-M 1-M
1-B1 4,761,000.00 7.250 1-B1 1-B1
1-B2 3,758,500.00 7.250 1-B2 1-B2
1-B3 2,505,500.00 7.250 1-B3 1-B3
1-B4 751,700.00 7.250 1-B4 1-B4
1-B5 1,755,231.20 7.250 1-B5 1-B5
2-A1 35,074,000.00 7.000 2-A1 2-A1
2-A2 17,537,000.00 7.000 2-A2 2-A2
2-A3 81,565,000.00 7.000 2-A3 2-A3
2-A4 21,156,000.00 7.000 2-A4 2-A4
2-A5 10,028,000.00 7.000 2-A5 2-A5
2-A6 20,000,000.00 7.000 2-A6 2-A6
2-A7 109,427,000.00 7.000 2-A7 2-A7
2-A8 11,240,000.00 7.000 2-A8 2-A8
2-A9 14,561,000.00 7.000 2-A9 2-A9
2-A10 15,058,000.00 7.000 2-A10 2-A10
2-PO 179,492.61 0.000 2-PO N/A
2-S (6) (6) N/A 2-S
2-M 5,436,500.00 7.000 2-M 2-M
2-B1 3,332,000.00 7.000 2-B1 2-B1
63
<PAGE>
2-B2 2,630,500.00 7.000 2-B2 2-B2
2-B3 1,753,500.00 7.000 2-B3 2-B3
2-B4 526,000.00 7.000 2-B4 2-B4
2-B5 1,228,160.75 7.000 2-B5 2-B5
R 100.00 7.250 R R
- --------------------------
(1) Unless otherwise indicated, the amount of interest and
principal allocable from a Lower Tier Interest to its
Corresponding Class or Classes of Certificates on any
Distribution Date shall be 100%.
(2) For each Interest Accrual Period, the aggregate interest
accrued on Lower Tier Interests 1-A1, 1-A2, 1-A3, 1-A4 and
1-A5 shall be allocable as follows: (i) an amount equal to
of the Accrued Certificate Interest for such Interest
Accrual Period for the Class 1-A1, Class 1-A2, Class 1-A3,
Class 1-A4 and Class 1-A5 Certificates, respectively, shall
be allocable to the Class 1-A1, Class 1-A2, Class 1-A3,
Class 1-A4 and Class 1-A5 Certificates, respectively, (ii)
an amount equal to 0.50% of the excess of the interest
accrued on each such Lower Tier Interest over the amounts
allocated in clause (i) above shall be allocable to the
Class 1-A11 Certificates in respect of the Class 1-A11G
Component, and (iii) the remaining portion of the interest
accrued on each such Lower Tier Interest shall be allocable
to the Class 1-A11 Certificates in respect of the Class
1-A11E Component.
(3) For each Interest Accrual Period, the aggregate interest
accrued on Lower Tier Interests 1-A6 and 1-A7 shall be
allocable as follows: (i) an amount equal to the Accrued
Certificate Interest for such Interest Accrual Period for
the Class 1-A6 and Class 1-A7 Certificates, respectively,
shall be allocable to the Class 1-A6 and Class 1-A7
Certificates, respectively, and (ii) an amount equal to the
excess of the interest accrued on each such Lower Tier
Interest over the amounts allocated in clause (i) above
shall be allocable to the Class 1-A11 Certificates in
respect of the Class 1-A11E Component.
(4) For each Interest Accrual Period, the aggregate interest
accrued on Lower Tier Interests 1-A8, 1-A9 and 1-A10 shall
be allocable as follows: (i) an amount equal to the Accrued
Certificate Interest for such Interest Accrual Period for
the Class 1-A8, Class 1-A9 and Class 1-A10 Certificates,
respectively, shall be allocable to the Class 1-A8, Class
1-A9 and Class 1-A10 Certificates, respectively, and (ii)
an amount equal to the excess of the interest accrued on
each such Lower Tier Interest over the amounts allocated in
clause (i) above shall be allocable to the Class 1-A11
Certificates in respect of the Class 1-A11F Component.
(5) For each Interest Accrual Period, the aggregate interest
accrued on Lower Tier Interests 1-A11C and 1-A11D shall be
allocable as follows: (i) an amount equal to the Accrued
Certificate Interest for such Interest Accrual Period for
the Class 1-A11 Certificates in respect of the Class 1-A11C
and Class 1-A11D Components, respectively, shall be
allocable to the Class 1-A11 Certificates in respect of the
Class 1-A11C and Class 1-A11D Components, respectively, and
(ii) an amount equal to the excess of the interest accrued
on each such Lower Tier Interest over the amounts allocated
in clause (i) above shall be allocable to the Class 1-A11
Certificates in respect of the Class 1-A11E Component, in
the case of Lower Tier Interest 1-A11C, and to the Class
1-A11 Certificates in respect of the Class 1-A11F
Component, in the case of Lower Tier Interest 1-A11D.
64
<PAGE>
(6) Lower Tier Interests 1-S and 2-S shall have Lower Tier
Balances equal to the Notional Principal Balance of the
Class 1-S and Class 2-S Certificates, respectively, on the
related Distribution Date and Lower Tier Interest Rates
equal to the related Strip Rate for the Class 1-S and Class
2-S Certificates, respectively, for such Distribution Date.
(b) The Lower Tier Interests shall be issued as
non-certificated interests. The Class RL Certificate shall be
issued in fully registered certificated form and shall be
executed and countersigned as provided in Section 5.01 hereof.
(c) For purposes of further identifying the terms of
the Lower Tier Interests, distributions of principal and interest
on each Class of Lower Tier Interests shall be considered to
correspond, in timing and aggregate amount, to the distributions
of principal and interest, respectively, made under Section 4.01
on the Corresponding Classes of Certificates or Components, and
allocations of losses on each Class of Lower Tier Interests shall
be considered to correspond, in timing and aggregate amount, to
the allocations of losses made under Section 4.03 on the
Corresponding Classes of Certificates or Components.
(d) On each Distribution Date, in addition to amounts
otherwise distributable thereon pursuant to Section 4.01, the
Trustee shall distribute to the holder of the Class RL
Certificate any amounts (other than the amounts described in
clauses (x) and (y) of the definition of Available Funds)
remaining in the Lower Tier REMIC after all amounts required to
be applied pursuant to Section 2.05(c) have been so applied. Any
distributions pursuant to this clause (d) shall not reduce the
Class Certificate Principal Balance of the Class RL Certificate.
Section 2.06. Designations under the REMIC Provisions.
(a) The Company hereby designates the Lower Tier Interests
identified in Section 2.05(a) above as "regular interests," and
the Class RL Certificate as the single class of "residual
interests," in the Lower Tier REMIC for purposes of the REMIC
Provisions.
(b) The Company hereby designates the Classes of
Certificates identified in Section 5.01(b), other than the
Residual Certificates, as "regular interests," and the Class R
Certificate as the single class of "residual interests," in the
Upper Tier REMIC for purposes of the REMIC Provisions.
(c) The Closing Date will be the "Startup Day" for
each of the Upper Tier REMIC and Lower Tier REMIC for purposes of
the REMIC Provisions.
(d) The "tax matters person" with respect to the Upper
Tier REMIC for purposes of the REMIC Provisions shall be (i) the
Company, if the Company is the owner of a Class R Certificate, or
65
<PAGE>
(ii) in any other case, the beneficial owner of the Class R
Certificate having the largest Percentage Interest of such Class;
provided, however, that such largest beneficial owner and, to the
extent relevant, each other holder of a Class R Certificate, by
its acceptance thereof irrevocably appoints the Company as its
agent and attorney-in-fact to act as "tax matters person" with
respect to the Upper Tier REMIC for purposes of the REMIC
Provisions.
The "tax matters person" with respect to the Lower Tier
REMIC for purposes of the REMIC Provisions shall be (i) the
Company, if the Company is the owner of a Class RL Certificate,
or (ii) in any other case, the beneficial owner of the Class RL
Certificate having the largest Percentage Interest of such Class;
provided, however, that such largest beneficial owner and, to the
extent relevant, each other holder of a Class RL Certificate, by
its acceptance thereof irrevocably appoints the Company as its
agent and attorney-in-fact to act as "tax matters person" with
respect to the Lower Tier REMIC for purposes of the REMIC
Provisions.
(e) The "latest possible maturity date" of the regular
interests in the Upper Tier REMIC and Lower Tier REMIC is the
Latest Maturity Date for purposes of section 860G(a)(1) of the
Code.
(f) In no event shall the assets described in clause
(x) of the definition of the term Trust Fund constitute a part of
the Upper Tier REMIC or the Lower Tier REMIC.
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer. (a) It is
intended that each of the Upper Tier REMIC and the Lower Tier
REMIC established hereunder shall constitute, and that the
affairs of the REMICs shall be conducted so as to qualify each of
the Upper Tier REMIC and the Lower Tier REMIC 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 each of
the Upper Tier REMIC and Lower Tier REMIC established hereunder
and the respective Holders of the Residual Certificates and that
in such capacity it shall:
(i) prepare and file, or cause to be prepared and
filed, in a timely manner, a U.S. Real Estate Mortgage
Investment Conduit Income Tax Return (Form 1066) and prepare
66
<PAGE>
and file or cause to be prepared and filed with the
Internal Revenue Service and applicable state or local tax
authorities income tax or information returns for each
taxable year with respect to each of the Upper Tier REMIC
and Lower Tier REMIC established hereunder, using the
calendar year as the taxable year and the accrual method of
accounting, containing such information and at the times
and in the manner as may be required by the Code or state
or local tax laws, regulations, or rules, and shall furnish
or cause to be furnished to Certificateholders the
schedules, statements or information at such times and in
such manner as may be required thereby;
(ii) within thirty days of the Closing Date, shall
furnish or cause to be furnished to the Internal Revenue
Service, on Form 8811 or as otherwise may be required by
the Code, the name, title, address, and telephone number of
the person that the holders of the Certificates may contact
for tax information relating thereto (and the Company shall
act as the representative of each of the Upper Tier REMIC
and Lower Tier REMIC established hereunder for this
purpose), together with such additional information as may
be required by such Form, and shall update such information
at the time or times in the manner required by the Code;
(iii) make or cause to be made an election, on behalf of
each of the Upper Tier REMIC and Lower Tier REMIC
established hereunder, to be treated as a REMIC, and make
the appropriate designations, if applicable, in accordance
with Section 2.06 hereof on the federal tax return of the
Trust Fund for its first taxable year (and, if necessary,
under applicable state law);
(iv) prepare and forward, or cause to be prepared and
forwarded, to the Certificateholders and to the Internal
Revenue Service and, if necessary, state tax authorities,
all information returns or reports, or furnish or cause to
be furnished by telephone, mail, publication or other
appropriate method such information, as and when required
to be provided to them in accordance with the REMIC
Provisions and the Code, including without limitation, the
calculation of any original issue discount using the
applicable 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
67
<PAGE>
such information may be charged to the Person liable for
such tax);
(vi) use its best reasonable efforts to conduct the
affairs of each of the Upper Tier REMIC and the Lower Tier
REMIC established hereunder at all times that any
Certificates are outstanding so as to maintain the status
thereof as a REMIC under the REMIC Provisions;
(vii) not knowingly or intentionally take any action or
omit to take any action that would cause the termination of
the REMIC status of either the Upper Tier REMIC or the
Lower Tier REMIC or that would subject the Trust Fund to
tax, except for taxes for which the Company is required to
indemnify the Lower Tier REMIC pursuant to Section 3.01(c);
(viii) exercise reasonable care not to allow the creation
of any "interests" (A) in the Upper Tier REMIC within the
meaning of section 860D(a)(2) of the Code in addition to
the interests represented by the Classes of Certificates
identified in Section 5.01(b) other than the Class RL
Certificate, and (B) in the Lower Tier REMIC within the
meaning of Section 860D(a)(2) of the Code in addition to
the interests represented by the Lower Tier Interests
identified in Section 2.05(a) and the Class RL Certificate;
(ix) exercise reasonable care not to allow the
occurrence of any "prohibited transactions" within the
meaning of section 860F of the Code, unless (1) the Company
shall have provided an Opinion of Counsel to the Trustee
that such occurrence would not (a) result in a taxable
gain, (b) otherwise subject the Trust Fund to tax, or (c)
cause either the Upper Tier REMIC or the Lower Tier REMIC
established hereunder to fail to qualify as a REMIC or (2)
such "prohibited transactions" arise from the modification,
holding or purchase of a Modified Mortgage Loan pursuant to
Section 3.01(c);
(x) exercise reasonable care not to allow the Trust
Fund to receive income from the performance of services or
from assets not permitted under the REMIC Provisions to be
held by a REMIC, except such as may arise from the
modification, holding or purchase of a Modified Mortgage
Loan pursuant to Section 3.01(c);
(xi) pay the amount of any federal or state tax,
including prohibited transaction taxes, taxes on certain
contributions to the Upper Tier REMIC or Lower Tier REMIC
after the Startup Day, and taxes on net income from
foreclosure property, imposed on the Trust Fund when and as
the same shall be due and payable (but such obligation shall
not prevent the Company or any other appropriate Person from
68
<PAGE>
contesting any such tax in appropriate proceedings and
shall not prevent the Company from withholding payment of
such tax, if permitted by law, pending the outcome of such
proceedings);
(xii) ensure that federal, state or local income tax or
information returns shall be signed by the Trustee or such
other person as may be required to sign such returns by the
Code or state or local laws, regulations or rules; and
(xiii) maintain such records relating to each of the
Upper Tier REMIC and the Lower Tier REMIC established
hereunder, including but not limited to the income,
expenses, individual Mortgage Loans (including Mortgaged
Property), other assets and liabilities thereof, and the
fair market value and adjusted basis of the property of
each determined at such intervals as may be required by the
Code, as may be necessary to prepare the foregoing returns,
schedules, statements or information.
The Company shall be entitled to be reimbursed
pursuant to Section 3.04 for any federal income taxes paid by it
pursuant to clause (xi) of the preceding sentence, except to the
extent that such taxes are imposed as a result of the bad faith,
misfeasance or negligence of the Company in the performance of
its obligations hereunder. The Company shall not be entitled to
be reimbursed for any taxes paid pursuant to the indemnification
provisions of Section 3.01(c) (except as provided therein). With
respect to any reimbursement of prohibited transaction taxes, the
Company shall inform the Trustee of the circumstances under which
such taxes were incurred.
(b) The Company shall service and administer the
Mortgage Loans and shall have full power and authority, acting
alone or through one or more Primary Servicers, to do any and all
things in connection with such servicing and administration which
it may deem necessary or desirable. Without limiting the
generality of the foregoing, the Company shall continue, and is
hereby authorized and empowered by the Trustee, to execute and
deliver, or file, as appropriate, on behalf of itself, the
Certificateholders and the Trustee or any of them, any and all
continuation statements, termination statements, instruments of
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
69
<PAGE>
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 applicable 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. The Company shall maintain servicing standards
equivalent to those required for approval by FNMA or FHLMC. The
Company shall not agree to any modification of the material terms
of any Mortgage Loan except as provided in Section 3.01(c), the
second sentence of Section 3.02(a) and in Section 3.07. The
Company shall not release any portion of any Mortgaged Property
from the lien of the related Mortgage unless the related Mortgage
Loan would be a "qualified mortgage" within the meaning of the
REMIC Provisions following such release.
(c) The Company may agree to a modification of any
Mortgage Loan (the "Relevant Mortgage Loan") upon the request of
the related Mortgagor, provided that (i) the modification is in
lieu of a refinancing and the Mortgage Rate on the Relevant
Mortgage Loan, as modified, is approximately a prevailing market
rate for newly-originated mortgage loans having similar terms,
(ii) the aggregate of the adjusted bases of all Modified Mortgage
Loans (including the Relevant Mortgage Loan) plus the aggregate
adjusted bases of any assets that are not qualified mortgages or
Permitted Investments under Code Section 860GA that are assets of
the Lower Tier REMIC established hereunder at all times on any
day is less than one percent of the aggregate of the adjusted
bases of all assets of the Lower Tier REMIC (including such
Modified Mortgage Loans) on such day, and (iii) the Company
purchases the Relevant Mortgage Loan from the Trust Fund as
described below. Effective immediately after such modification,
and, in any event, on the same Business Day on which the
modification occurs, all right, title and interest of the Trustee
in and to the Modified Mortgage Loan shall automatically be
deemed transferred and assigned to the Company and all benefits
and burdens of ownership thereof, including without limitation
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 applicable Mortgage Loan
Payment Record on the date of the transfer and assignment of such
70
<PAGE>
Modified Mortgage Loan to the Company and (ii) all requirements
of the first paragraph of this subsection (c) have been satisfied
with respect to such Modified Mortgage Loan.
The Company shall deposit the Purchase Price for any
Modified Mortgage Loan in the Certificate Account pursuant to
Section 3.02(d) on the Business Day prior to the Distribution
Date on which such funds are considered Available Funds,
provided, however, that if the Company is required to deposit
funds in one or more Eligible Accounts on a daily basis pursuant
to Section 3.02(e), the Purchase Price for any Modified Mortgage
Loan shall be deposited therein within one Business Day after the
purchase of such Modified Mortgage Loan. Upon receipt by the
Trustee of written notification of any such deposit signed by a
Servicing Officer, the Trustee shall release to the Company the
related Mortgage File and shall execute and deliver such
instruments of transfer or assignment, in each case without
recourse, as shall be necessary more fully to vest in the Company
any Modified Mortgage Loan previously transferred and assigned
pursuant hereto.
The Company covenants and agrees to indemnify the
Lower Tier REMIC against any and all liability for any
"prohibited transaction" taxes and any related interest,
additions and penalties imposed on the Lower Tier REMIC
established hereunder as a result of any modification of a
Mortgage Loan effected pursuant to this subsection (c), any
holding of a Modified Mortgage Loan by the Lower Tier REMIC or
any purchase of a Modified Mortgage Loan by the Company (but such
obligation shall not prevent the Company or any other appropriate
Person from contesting any such tax in appropriate proceedings
and shall not prevent the Company from withholding payment of
such tax, if permitted by law, pending the outcome of such
proceedings). The Company shall have no right of reimbursement
for any amount paid pursuant to the foregoing indemnification,
except to the extent that the amount of any tax, interest and
penalties, together with interest thereon, is refunded to the
Lower Tier REMIC or the Company.
(d) The relationship of the Company (and of any
successor to the Company as servicer under this Agreement) to the
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
71
<PAGE>
Section 3.04. The Company shall collect such amounts from the
Mortgagor and shall credit the applicable Mortgage Loan Payment
Record accordingly.
(f) If the Company enters into a servicing agreement
with any servicer (a "Primary Servicer") pursuant to which such
Primary Servicer shall directly service certain Mortgage Loans
and the Company shall perform master servicing with respect
thereto, the Company shall not be released from its obligations
to the Trustee and Certificateholders with respect to the
servicing and administration of the Mortgage Loans in accordance
with the provisions of Article III hereof and such obligations
shall not be diminished by virtue of any such servicing agreement
or arrangement and the Company shall be obligated to the same
extent and under the same terms and conditions as if the Company
alone were servicing and administering the Mortgage Loans. Any
amounts received by a Primary Servicer in respect of a Mortgage
Loan shall be deemed to have been received by the Company whether
or not actually received by it. Any servicing agreement that may
be entered into and any transactions or services relating to the
Mortgage Loans involving a Primary Servicer in its capacity as
such shall be deemed to be between the Company and the Primary
Servicer alone, and the Trustee and the Certificateholders shall
have no claims, obligations, duties or liabilities with respect
thereto. Notwithstanding the foregoing, in the event the Company
has been removed as the servicer hereunder pursuant to Section
6.04 or Section 7.01, the Trustee or any successor servicer
appointed pursuant to Section 7.02 shall succeed to all of the
Company's rights and interests (but not to any obligations or
liabilities of the Company arising prior to the date of
succession) under any servicing agreement with any Primary
Servicer in respect of the Mortgage Loans, subject to the
limitation on the Trustee's responsibilities under Section 7.02.
(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 Records; 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
72
<PAGE>
principal and interest for a period extending not longer than 180
days after the date that such schedule is arranged. Any
arrangement of the sort described in clause (ii) above shall not
affect the amount or timing of the Company's obligation to make
Monthly Advances with respect to any Mortgage Loan which Monthly
Advances shall be made pursuant to the original amortization
schedule applicable to such Mortgage Loan.
(b) The Company shall establish and maintain a
Mortgage Loan Payment Record for each Mortgage Pool in which the
following payments on and collections in respect of each Mortgage
Loan in such Mortgage Pool shall as promptly as practicable be
credited by the Company for the account of the Holders of the
Certificates:
(i) All payments on account of principal, including
Principal Prepayments (other than (A) payments of principal
due and payable on the Mortgage Loans on or before, and all
Principal Prepayments received before, the Cut-off Date,
(B) in the case of a substitute Mortgage Loan, payments of
principal due and payable on such Mortgage Loan on or
before the Determination Date in the month of substitution,
and all Principal Prepayments received before the first day
of the month of substitution, and (C) in the case of a
replaced Mortgage Loan, payments of principal due and
payable on such Mortgage Loan after the Determination Date
in the month of substitution, and all Principal Prepayments
received in the month of substitution);
(ii) All payments (other than (A) those due and payable
on or before the Cut-off Date, (B) in the case of a
substitute Mortgage Loan, those due and payable on such
Mortgage Loan on or before the Determination Date in the
month of substitution, and (C) in the case of a replaced
Mortgage Loan, those due and payable on such Mortgage Loan
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 in respect of the related Mortgage Pool for the
73
<PAGE>
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 each Mortgage
Loan Payment Record are exclusive, it being understood that,
without limiting the generality of the foregoing, the Company
need not enter in either Mortgage Loan Payment Record
collections, Liquidation Proceeds or Insurance Proceeds in
respect of Mortgage Loans which have been previously released
from the terms of this Agreement, amounts representing fees or
late charge penalties payable by Mortgagors, or amounts received
by the Company for the account of Mortgagors for application
towards the payment of taxes, insurance premiums, assessments and
similar items.
(c) Subject to subsection (e) below, until the
Business Day prior to each Distribution Date on which amounts are
required to be deposited in the Certificate Account pursuant to
subsection (d) of this Section 3.02, the Company may retain and
commingle such amounts with its own funds and shall be entitled
to retain for its own account any gain or investment income
thereon, and any such investment income shall not be subject to
any claim of the Trustee or Certificateholders. To the extent
that the Company realizes any net loss on any such investments,
the Company shall deposit in the Certificate Account an amount
equal to such net loss at the time the Company is required to
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 in respect of each Mortgage Pool for such
Distribution Date and any Unanticipated Recoveries in respect of
such Mortgage Pool 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.
74
<PAGE>
(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 respect of
each Mortgage Pool, in the name of the Trustee and bearing a
designation indicating that amounts therein are held for the
benefit of the Trustee and the related 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 applicable Mortgage Loan Payment Record
pursuant to Section 3.02(b); provided, however, that such action
shall not be required if the Company delivers to the Trustee a
letter from each Rating Agency to the effect that the failure to
take such action will not cause such Rating Agency to withdraw or
reduce its then current ratings of the Certificates. All amounts
so deposited shall be held in trust for the benefit of
Certificateholders. Amounts so deposited may be invested at the
written instruction of the Company in Permitted Investments in
the name of the Trustee maturing no later than the Business Day
preceding the Distribution Date following the date of such
investment; provided, however, that any such Permitted Investment
which is an obligation of State Street Bank and Trust Company, in
its individual capacity and not in its capacity as Trustee, may
mature on such Distribution Date; and, provided further, that no
such Permitted Investment shall be sold before the maturity
thereof if the sale thereof would result in the realization of
gain prior to maturity unless the Company has obtained an Opinion
of Counsel that such sale or disposition will not cause the Trust
Fund to be subject to the tax on prohibited transactions under
section 860F of the Code, or otherwise subject the Trust Fund to
tax or cause either the Upper Tier REMIC or the Lower Tier REMIC
established hereunder to fail to qualify as a REMIC. The Trustee
shall maintain physical possession of all Permitted Investments,
other than Permitted Investments maintained in book-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
each Mortgage Loan Payment Record and credits and debits to such
Record shall be deemed to refer to the related 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,
75
<PAGE>
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. Other than with respect to any Cooperative Loan, 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 Records. The Company (or any successor servicer pursuant
to Section 7.02) may, from time to time, make debits to each
Mortgage Loan Payment Record for the following purposes (in each
case as to the Mortgage Loans in the related Mortgage Pool):
(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 such
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
such Mortgage Loan Payment Record pursuant to Section
3.02(b) (iii) and (iv);
76
<PAGE>
(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 in respect of
such Mortgage Pool (which right of reimbursement of the
Trustee pursuant to this clause shall be prior to such
right of the Company);
(viii) To make deposits into the Certificate Account
pursuant to Section 3.02(d); and
(ix) To deduct any amounts credited 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 related 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
77
<PAGE>
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. The Company shall not cancel or refuse to renew any such
Primary Insurance Policy applicable to a Mortgage Loan that is in
effect at the Closing Date and is required to be kept in force
hereunder unless the replacement Primary Insurance Policy for
such canceled or non-renewed policy is maintained with an insurer
whose claims-paying ability is acceptable to each Rating Agency
for mortgage pass-through certificates having ratings equal to or
better than the ratings then assigned to the Certificates by such
Rating Agency. The Company agrees to effect the timely payment of
the premium on each Primary Insurance Policy, and such costs not
otherwise recoverable shall be recoverable by the Company from
related Insurance Proceeds and Liquidation Proceeds pursuant to
Section 3.04.
(b) In connection with its activities as administrator
and servicer of the Mortgage Loans, the Company agrees to
present, on behalf of itself, the Trustee and the
Certificateholders, claims to the insurer under each Primary
Insurance Policy and, in this regard, to take such reasonable
action as shall be necessary to permit recovery under any Primary
Insurance Policy respecting a related defaulted Mortgage Loan. To
the extent provided in Section 3.02(b), any amounts collected by
the Company under any Primary Insurance Policy in respect of the
Mortgage Loans (including, without limitation, a Mortgage Loan
purchased by a related insurer) shall be credited to the
applicable Mortgage Loan Payment Record.
Section 3.06. Maintenance of Hazard Insurance. The
Company shall cause to be maintained for each Mortgage Loan other
than a Cooperative 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 (other than
Cooperative Apartments) 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 applicable Mortgage Loan Payment Record. Such
costs shall be recoverable by the Company pursuant to Sections
78
<PAGE>
3.03 and 3.04. In cases in which property securing any Mortgage
Loan other than a Cooperative 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 (whether or
not including Cooperative 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 applicable Mortgage Loan Payment Record the amount
not otherwise payable under the blanket policy because of such
deductible clause.
Section 3.07. Assumption and Modification Agreements.
(a) In any case in which property subject to a Mortgage has been
or is about to be conveyed by the Mortgagor, the Company shall
exercise its right to accelerate the maturity of such Mortgage
Loan under any "due-on-sale" clause applicable thereto, unless in
the reasonable discretion of the Company, such exercise would
adversely affect or jeopardize coverage under the related Primary
Insurance Policy, if any; provided, however, that if the Company
is prevented, as provided in Section 3.07(b), from enforcing any
such clause, the Company is authorized to make or enter into an
assumption and modification agreement from or with the Person to
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
79
<PAGE>
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 Mortgaged Properties securing
such of the Mortgage Loans as come into and continue in default
and as to which no satisfactory arrangements can be made for
collection of delinquent payments pursuant to Section 3.02. In
connection with such foreclosure or other conversion the Company
shall, consistent with Section 3.05, follow such practices and
procedures as it shall deem necessary or advisable and as shall
be normal and usual in its general mortgage servicing activities.
The foregoing is subject to the proviso that the Company shall
not be required to expend its own funds in connection with any
foreclosure or towards the restoration of any property unless it
shall determine (i) that such restoration or foreclosure will
increase the proceeds of liquidation of the Mortgage Loan to
Certificateholders of the related Certificate Group 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
80
<PAGE>
upon or otherwise convert the ownership of a Mortgaged Property.
In addition, neither the Trustee nor the Company shall be liable
to the Trust Fund or the Certificateholders if, based on the
Company's belief that no such contamination or effect exists, the
Company forecloses upon a Mortgaged Property and the Trustee or
its nominee on behalf of the Trust Fund takes title to such
Mortgaged Property, and thereafter such Mortgaged Property is
determined to be so contaminated or affected.
(b) In the event that title to any Mortgaged Property
is acquired in foreclosure or by deed in lieu of foreclosure, the
deed or certificate of sale shall be issued to the Trustee, or to
its nominee on behalf of the Trust Fund. Notwithstanding any such
acquisition of title and cancellation of the related Mortgage
Loan, such Mortgage Loan shall (except for purposes of Section
9.01) be considered to be an Outstanding Mortgage Loan until such
time as the Mortgaged Property shall be sold and such Mortgage
Loan becomes a Liquidated Mortgage Loan. Consistent with the
foregoing, for purposes of all calculations hereunder so long as
such Mortgage Loan shall be considered to be an Outstanding
Mortgage Loan, it shall be assumed that the related Mortgage Note
and its amortization schedule in effect on and after such
acquisition of title (after giving effect to any previous
Principal Prepayments and Deficient Valuations incurred
subsequent to the related Bankruptcy Coverage Termination Date
and before any adjustment thereto by reason of any bankruptcy
(other than as aforesaid) or any similar proceeding or any
moratorium or similar waiver or grace period) remain in effect
(notwithstanding that the indebtedness evidenced by such Mortgage
Note shall have been discharged), subject to adjustment to
reflect the application of REO Proceeds received in any month.
REO Proceeds received in any month shall be applied to the
payment of the installments of principal due and interest accrued
on the related REO Mortgage Loan in accordance with the terms of
such Mortgage Note. REO Proceeds received in any month in excess
of the Amortization Payment for such month due on an REO Mortgage
Loan shall be treated as a Principal Prepayment received in
respect of such Mortgage Loan.
(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 either the Upper Tier REMIC or the
Lower Tier REMIC established hereunder to fail to qualify as a
81
<PAGE>
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
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 1-B5 Certificates
or the Class 2-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"
82
<PAGE>
(within the meaning of the applicable 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 related Mortgage Pool, or
in the Trust Fund. It is understood that the right of the Company
to be reimbursed for Monthly Advances and Nonrecoverable Advances
under this Agreement shall not be affected in any way by the
provisions of any such agreement. The Trustee hereby agrees to
perform such obligations as may be expressly required of it
pursuant to the provisions of such agreement and to promptly
notify each party to such agreement if a Responsible Officer of
the Trustee (with direct responsibility for administration of
this Agreement) becomes aware of any discussions, plans or events
that might lead to the Trustee's becoming an "affiliate" (within
the meaning of the Prohibited Transaction Exemption) of any
Person with which the Company has entered into such agreement,
provided that the contents of any such notification shall be kept
confidential by the parties to such agreement. The Company agrees
to promptly notify the Trustee upon entering into any such
agreement. In addition, the Company shall provide the Trustee
with such information as may be necessary for the Trustee to
perform its obligations thereunder, including written
instructions, clearly identifying the source, amount and
application of funds to be deposited or withdrawn from the
Collateral Fund (as defined in such agreement). The Trustee shall
provide the Company with such information concerning credits and
debits to the Collateral Fund on account of income, gains and
losses realized from Collateral Fund Permitted Investments (as
defined in such agreement), and costs associated with the
purchase and sale thereof, as the Company may request in order to
prepare the instructions described in the preceding sentence.
In addition, subject to the provisions of the
preceding paragraph, the Company shall have the right to enter
into an agreement substantially in the form of Exhibit K hereto
with the Person that is the Holder of 100% of the Class 1-B4
Certificates or the Class 2-B4 Certificates, provided that (i)
such Person is also the Holder of 100% of the Class B5
Certificates of the related Certificate Group, (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 of the related Certificate Group 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 of such Certificate
Group 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
83
<PAGE>
the effect that all amounts received in connection with such
payment which are required to be credited to the applicable
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 applicable
Mortgage Loan Payment Record. From time to time and as
appropriate for the servicing or foreclosure of any Mortgage Loan
(including, without limitation, collection under any Primary
Insurance Policy), the Trustee shall, upon request of the Company
and delivery to the Trustee of a receipt signed by a Servicing
Officer, release the related Mortgage File to the Company and
shall execute such documents as shall be necessary to the
prosecution of any such proceedings. Such receipt shall obligate
the Company to return the Mortgage File to the Trustee when the
need therefor by the Company no longer exists unless the Mortgage
Loan shall be liquidated, in which case, upon receipt of a
certificate of a Servicing Officer similar to that hereinabove
specified, the receipt shall be released by the Trustee to the
Company.
Section 3.10. Servicing Compensation; Payment of
Certain Expenses by the Company. (a) As compensation for its
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 in respect
of the Mortgage Loans in a Mortgage Pool shall be reduced
84
<PAGE>
by the amount of any Compensating Interest Payment in respect of
such Mortgage Pool 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 each Mortgage Loan Payment Record as of the close of
business on such Distribution Date and showing, for the period
covered by such statement, the aggregate of credits to each
Mortgage Loan Payment Record for each category of credit
specified in Section 3.02 and each category of debit specified in
Section 3.04.
Section 3.12. Annual Statement as to Compliance. The
Company will deliver to the Trustee, on or before March 31 of
each year, beginning with March 31, 1998, an Officer's
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
85
<PAGE>
each such default known to such Officer and the nature and status
thereof.
Section 3.13. Annual Independent Public Accountants'
Servicing Report. On or before March 31 of each year, beginning
with March 31, 1998, the Company 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 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
86
<PAGE>
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 in respect
of Pool 1 from the Certificate Account and shall make
distributions to Holders of the Pool 1 Certificates as of the
preceding Record Date in the following order of priority, to the
extent of the remaining Available Funds in respect of Pool 1:
(i) to each Class of Pool 1 Senior Certificates (other
than any Class of Principal Only Certificates) and the
Class 1-S Certificates, the Accrued Certificate Interest
thereon for such Distribution Date; provided, however, that
Accrued Certificate Interest on the Class 1-A7 Certificates,
the portion of Accrued Certificate Interest on the Class
and 1-A11 Certificates attributable to the Class 1-A11C and
Class 1- A11D Components, for such Distribution Date shall
be applied in the manner provided in Section 4.01(f); and
provided, further, that any shortfall in available amounts
shall be allocated among such Classes (and in the case of
the Class 1-A11 Certificates, among its Components) in
proportion to the amount of Accrued Certificate Interest
that would otherwise be distributable thereon or added to the
87
<PAGE>
Certificate Principal Balance (or Component Principal
Balance) thereof;
(ii) to each Class of Pool 1 Senior Certificates (other
than any Class of Principal Only Certificates) and the
Class 1-S Certificates, any related Unpaid Class Interest
Shortfall for such Distribution Date; provided, however,
that any Unpaid Class Interest Shortfall for the Class 1-A7
Certificates, and the portion of any Unpaid Class Interest
Shortfall for the Class 1-A11 Certificates attributable to
the Class 1-A11C and Class 1-A11D Components for such
Distribution Date, shall be applied in the manner provided
in Section 4.01(f); and provided, further, that any
shortfall in available amounts shall be allocated among
such Classes (and in the case of the Class 1-A11
Certificates, among its Components) in proportion to the
Unpaid Class Interest Shortfall for each such Class (or
Component) on such Distribution Date;
(iii) to the Classes of Pool 1 Senior Certificates, in
reduction of the Class Certificate Principal Balances
thereof, concurrently as follows:
(A) to the Pool 1 Category A and Pool 1 Category B
Senior Certificates, the Senior Optimal Principal Amount
for Pool 1 for such Distribution Date, concurrently, as
follows:
(1) to the Pool 1 Category A Senior
Certificates, the Pool 1 Category A Senior Optimal
Principal Amount for such Distribution Date,
concurrently, as follows:
(x) to the Pool 1 Category A Group II
Senior Certificates, the Pool 1 Category A
Group II Senior Principal Distribution
Amount for such Distribution Date,
concurrently, as
follows:
(a) 3.5714300000% of the Pool 1
Category A Group II Senior Principal
Distribution Amount to the Class 1-A11
Certificates in respect of the Class 1-
A11B Component, until the Component
Principal Balance of the Class 1-A11B
Component has been reduced to zero; and
(b) 96.4285700000% of the Pool 1
Category A Group II Senior Principal
Distribution Amount to the Class 1-A8,
Class 1-A9 and Class 1-A10 Certificates
and to the Class 1-A11 Certificates in
88
<PAGE>
respect of the Class 1-A11D Component,
in the following order of priority:
(1) concurrently, to the
Class 1-A8, Class 1-A9 and Class
1- A10 Certificates,
24.9997519753%, 61.9508651153% and
13.0493829094%, respectively, of
such amount, until the Class
Certificate Principal Balance of
the Class 1-A8 Certificates has
been reduced to zero; and
(2) concurrently, to the
Class 1-A9 and Class 1-A10
Certificates and to the Class
1-A11 Certificates in respect of
the Class 1-A11D Component, in
proportion to their respective
Class Certificate Principal
Balances and Component Principal
Balance, until the Class
Certificate Principal Balances of
the Class 1-A9 and Class 1-A10
Certificates and the Component
Principal Balance of the Class 1-
A11D Component have each been
reduced to zero; and
(y) to the Pool 1 Category A Group I
Senior Certificates, the Pool 1 Category A
Senior Optimal Principal Amount for such
Distribution Date as reduced by the Pool 1
Category A Group II Senior Principal
Distribution Amount distributed pursuant to
clause (1)(x) above for such Distribution
Date (such reduced amount, the "Pool 1
Category A Group I Senior Principal
Distribution Amount"), in the following
order of priority:
(I) concurrently, to the Class R
and Class RL Certificates, in
proportion to their respective Class
Certificate Principal Balances, until
the Class Certificate Principal Balance
of each such Class has been reduced to
zero; and
(II) to the Class 1-A11
Certificates in respect of the Class 1-
A11A Component, and to the Class 1-A1,
Class 1-A2, Class 1-A3, Class 1-A4,
89
<PAGE>
Class 1-A5, Class 1-A6 and Class 1-A7
Certificates and the Class 1-A11
Certificates in respect of the Class 1-
A11C Component, as a group,
concurrently, as follows:
(a) 3.5714286028% of the
remaining Pool 1 Category A Group
I Senior Principal Distribution
Amount to the Class 1-A11
Certificates in respect of the
Class 1-A11A Component, until the
Component Principal Balance of the
Class 1-A11A Component has been
reduced to zero; and
(b) 96.4285713972% of the
remaining Pool 1 Category A Group
I Senior Principal Distribution
Amount to the Class 1-A1, Class 1-
A2, Class 1-A3, Class 1-A4, Class
1-A5, Class 1-A6 and Class 1-A7
Certificates and the Class 1-A11
Certificates in respect of the
Class 1-A11C Component, in the
following order of priority:
(1) to the Class 1-A1
Certificates, up to the
amount necessary to reduce
the Class Certificate
Principal Balance of such
Class to its PAC Balance for
such Distribution Date;
(2) to the Class 1-A2
Certificates, up to the
amount necessary to reduce
the Class Certificate
Principal Balance of such
Class to its PAC
Balance for such Distribution
Date;
(3) to the Class 1-A3
Certificates, up to the
amount necessary to reduce
the Class Certificate
Principal Balance of such
Class to its PAC Balance for
such Distribution Date;
90
<PAGE>
(4) to the Class 1-A4
Certificates, up to the
amount necessary to reduce
the Class Certificate
Principal Balance of such
Class to its PAC Balance for
such Distribution Date;
(5) to the Class 1-A5
Certificates, up to the
amount necessary to reduce
the Class Certificate
Principal Balance of such
Class to its PAC Balance for
such Distribution Date;
(6) sequentially, to
the Class 1-A6 Certificates
and the Class 1-A11
Certificates in respect of
the Class 1-A11C Component,
in that order, up to the
amount necessary to reduce
the Class Certificate
Principal Balance of the
Class 1-A6 Certificates and
the Component Principal
Balance of the Class 1-A11C
Component to their respective
TAC Balances for such
Distribution Date, such that
no amounts pursuant to this
clause shall be distributed
to the Class 1-A11
Certificates in respect of
the Class 1-A11C Component
unless the Class Certificate
Principal Balance of the
Class 1-A6 Certificates has
been reduced to its TAC
Balance for such Distribution
Date;
(7) to the Class 1-A7
Certificates, until the Class
Certificate Principal Balance
of such Class has been
reduced to zero;
(8) sequentially, to the
Class 1-A6 Certificates and
the Class 1-A11 Certificates
in respect of the Class 1-A11C
Component, in that order,
without regard to their
91
<PAGE>
respective TAC Balances,
until the Class Certificate
Principal Balance of the Class
1-A6 Certificates and the
Component Principal Balance
of the Class 1-A11C Component
have each been reduced to
zero, such that no amounts
pursuant to this clause shall
be distributed to the Class
1- A11 Certificates in
respect of the Class 1-A11C
Component unless the Class
Certificate Principal Balance
of the Class 1-A6
Certificates has been reduced
to zero; and
(9) sequentially, to
the Class 1-A1, Class 1-A2,
Class 1-A3, Class 1-A4 and
Class 1- A5 Certificates, in
that order, without regard to
their respective PAC
Balances, until the Class
Certificate Principal Balance
of each such Class has been
reduced to zero, such that no
amounts pursuant to this
clause shall be distributed
to any such Class unless the
Class Certificate Principal
Balance of each such Class
having a lower numbered Class
designation has been reduced
to zero;
(2) to the Pool 1 Category B Senior
Certificates, the Pool 1 Category B Senior Optimal
Principal Amount for such Distribution Date,
concurrently, as follows:
(x) to the Class 1-A12 Certificates,
the Class 1-A12 Principal Distribution
Amount for such Distribution Date, until the
Class Certificate Principal Balance thereof
has been reduced to zero; and
(y) to the Pool 1 Category B Group I
Senior Certificates, the Pool 1 Category B
Senior Optimal Principal Amount for such
Distribution Date as reduced by the Class 1-
A12 Principal Distribution Amount distributed
92
<PAGE>
pursuant to clause (2)(x) above on such
Distribution Date, in the following
order of priority:
(I) to the Class 1-A14
Certificates, up to the amount
necessary to reduce the Class
Certificate Principal Balance of such
Class to its TAC Balance for such
Distribution Date;
(II) to the Class 1-A13
Certificates, until the Class
Certificate Principal Balance of such
Class has been reduced to zero;
(III) to the Class 1-A14
Certificates, without regard to its TAC
Balance, until the Class Certificate
Principal Balance of such Class has
been reduced to zero; and
(IV) sequentially, to the Class 1-
A15, Class 1-A16 and Class 1-A17
Certificates, in that order, until the
Class Certificate Principal Balance of
each such Class has been reduced to
zero, such that no amounts pursuant to
this clause shall be distributed to any
such Class unless the Class Certificate
Principal Balance of each such Class
having a lower numbered Class
designation has been reduced to zero;
and
(B) to the Class 1-PO Certificates, the PO Principal
Distribution Amount for Pool 1 for such Distribution Date,
until the Class Certificate Principal Balance thereof has
been reduced to zero;
(iv) to the Class 1-PO Certificates, any related Class
PO Deferred Amount for such Distribution Date, up to an
amount not to exceed the Junior Optimal Principal Amount
for the Pool 1 Certificates 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 1-PO Certificates pursuant to this
clause (iv) shall not reduce the Class Certificate
Principal Balance thereof;
(v) to the Class 1-M Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
93
<PAGE>
(vi) to the Class 1-M Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(vii) to the Class 1-M Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount for
the Pool 1 Certificates on such Distribution Date;
(viii) to the Class 1-B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(ix) to the Class 1-B1 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(x) to the Class 1-B1 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date;
(xi) to the Class 1-B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xii) to the Class 1-B2 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xiii) to the Class 1-B2 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date;
(xiv) to the Class 1-B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xv) to the Class 1-B3 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xvi) to the Class 1-B3 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date;
(xvii) to the Class 1-B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xviii) to the Class 1-B4 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xix) to the Class 1-B4 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
94
<PAGE>
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date;
(xx) to the Class 1-B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xxi) to the Class 1-B5 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date; and
(xxii) to the Class 1-B5 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates 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
withdraw the Available Funds in respect of Pool 2 from the
Certificate Account and shall make distributions to Holders of
the Pool 2 Certificates as of the preceding Record Date in the
following order of priority, to the extent of the remaining
Available Funds in respect of Pool 2:
(i) to each Class of Pool 2 Senior Certificates (other
than any Class of Principal Only Certificates) and the
Class 2-S Certificates, the Accrued Certificate Interest
thereon for such Distribution Date; provided, however, 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;
(ii) to each Class of Pool 2 Senior Certificates (other
than any Class of Principal Only Certificates) and the
Class 2-S Certificates, any related Unpaid Class Interest
Shortfall for such Distribution Date; provided, however,
that any shortfall in available amounts shall be allocated
among such Classes in proportion to the Unpaid Class
95
<PAGE>
Interest Shortfall for each such Class on such Distribution
Date;
(iii) to the Classes of Pool 2 Senior Certificates, in
reduction of the Class Certificate Principal Balances
thereof, concurrently, as follows:
(A) to the Pool 2 Senior Certificates, the Senior
Optimal Principal Amount for Pool 2 for such Distribution
Date, concurrently, as follows:
(1) to the Class 2-A1 Certificates, the Class 2-
A1 Principal Distribution Amount for such Distribution
Date, until the Class Certificate Principal Balance of
such Class has been reduced to zero; and
(2) to the Pool 2 Group I Senior Certificates,
the Senior Optimal Principal Amount for Pool 2 for
such Distribution Date as reduced by the Class 2-A1
Principal Distribution Amount distributed pursuant to
clause (A)(1) above on such Distribution Date (such
reduced amount, the "Pool 2 Group I Senior Principal
Distribution Amount"), concurrently, as follows:
(x) sequentially, to the Class 2-A7, Class
2- A8, Class 2-A9 and Class 2-A10 Certificates,
in that order, 50.0% of the Pool 2 Group I Senior
Principal Distribution Amount, until the Class
Certificate Principal Balance of each such Class
has been reduced to zero, such that no amounts
pursuant to this clause shall be distributed to
any such Class unless the Class Certificate
Principal Balance of each such Class having a
lower numbered Class designation has been reduced
to zero; and
(y) to the Class 2-A2, Class 2-A3, Class 2-
A4, Class 2-A5 and Class 2-A6 Certificates, 50.0%
of the Pool 2 Group I Senior Principal
Distribution Amount, concurrently, as follows:
(I) to the Class 2-A2 Certificates, the
Class 2-A2 Principal Distribution Amount for
such Distribution Date, until the Class
Certificate Principal Balance of such Class
has been reduced to zero; and
(II) sequentially, to the Class 2-A3,
Class 2-A4, Class 2-A5 and Class 2-A6
Certificates, in that order, the amount
described in clause (A)(2)(y) above as
reduced by the Class 2-A2 Principal
96
<PAGE>
Distribution Amount distributed pursuant to
clause (A)(2)(y)(I) above, until the Class
Certificate Principal Balance of each such
Class has been reduced to zero, such that no
amounts pursuant to this clause shall be
distributed to any such Class unless the
Class Certificate Principal Balance of each
such Class having a lower numbered Class
designation has been reduced to zero; and
(B) to the Class 2-PO Certificates, the PO Principal
Distribution Amount for Pool 2 for such Distribution Date,
until the Class Certificate Principal Balance thereof has
been reduced to zero;
(iv) to the Class 2-PO Certificates, any related Class
PO Deferred Amount for such Distribution Date, up to an
amount not to exceed the Junior Optimal Principal Amount
for the Pool 2 Certificates 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 2-PO Certificates pursuant to this
clause (iv) shall not reduce the Class Certificate
Principal Balance thereof;
(v) to the Class 2-M Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(vi) to the Class 2-M Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(vii) to the Class 2-M Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount for
the Pool 2 Certificates on such Distribution Date;
(viii) to the Class 2-B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(ix) to the Class 2-B1 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(x) to the Class 2-B1 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 2 Certificates on such Distribution
Date;
(xi) to the Class 2-B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
97
<PAGE>
(xii) to the Class 2-B2 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xiii) to the Class 2-B2 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 2 Certificates on such Distribution
Date;
(xiv) to the Class 2-B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xv) to the Class 2-B3 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xvi) to the Class 2-B3 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 2 Certificates on such Distribution
Date;
(xvii) to the Class 2-B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xviii) to the Class 2-B4 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xix) to the Class 2-B4 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 2 Certificates on such Distribution
Date;
(xx) to the Class 2-B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xxi) to the Class 2-B5 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date; and
(xxii) to the Class 2-B5 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 2 Certificates 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
98
<PAGE>
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).
(c) On each Distribution Date, the Trustee shall
distribute to the holder of the Class R Certificate any remaining
amounts in the Upper Tier REMIC for such Distribution Date after
application of all amounts described in clauses (a) and (b) 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 outstanding Certificates of any other Class
pursuant to Section 4.01(g). Any distributions pursuant to this
clause (c) shall not reduce the Class Certificate Principal
Balance of the Class R Certificate.
(d) If on any Distribution Date the Class Certificate
Principal Balances of the Pool 1 Junior Certificates have each
been reduced to zero, the amount distributable to the Pool 1
Senior Certificates other than the Class 1-PO Certificates
pursuant to Section 4.01(a)(iii)(A) for such Distribution Date
and each succeeding Distribution Date shall be allocated among
such Classes of Pool 1 Senior Certificates, pro rata, on the
basis of their respective Class Certificate Principal Balances
immediately prior to such Distribution Date, regardless of the
priorities and amounts set forth in Section 4.01(a)(iii)(A).
If on any Distribution Date the Class Certificate
Principal Balances of the Pool 2 Junior Certificates have each
been reduced to zero, the amount distributable to the Pool 2
Senior Certificates other than the Class 2-PO Certificates
pursuant to Section 4.01(b)(iii)(A) for such Distribution Date
and each succeeding Distribution Date shall be allocated among
such Classes of Pool 2 Senior Certificates, pro rata, on the
basis of their respective Class Certificate Principal Balances
immediately prior to such Distribution Date, regardless of the
priorities and amounts set forth in Section 4.01(b)(iii)(A).
(e) If on any Distribution Date (i) the Class
Certificate Principal Balance of a Class of 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 for the related Certificate Group
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), in the case of the Pool 1
Certificates, or Section 4.01(b), in the case of the Pool 2
99
<PAGE>
Certificates, have been distributed, such amounts shall be
distributed on such Distribution Date to the remaining Classes of
Junior Certificates of such Certificate Group in order of
priority, such that no such distribution shall be made to any
Class of Junior Certificates while a prior such Class of the
related Certificate Group is outstanding.
(f) (i) On each Distribution Date through the
Accretion Termination Date for the Class 1-A11C Component,
amounts allocable to the Class 1-A11 Certificates in respect of
the Class 1-A11C Component pursuant to clauses (a)(i) and (a)(ii)
of this Section 4.01 shall not be distributable to the Class 1-
A11 Certificates pursuant to such clauses but shall instead be
(i) added to the Component Principal Balance of such Component to
the extent of the related Accrual Amount for such Distribution
Date, and (ii) distributed to the following Classes of
Certificates, before any distributions are made pursuant to
Section 4.01(a)(iii) or the following paragraph, in the following
order of priority:
first, to the Class 1-A6 Certificates, in reduction of
the Class Certificate Principal Balance thereof, until the
Class Certificate Principal Balance thereof has been
reduced to zero; and
second, to the Class 1-A11 Certificates in respect of
the Class 1-A11C Component, as Accrued Certificate Interest
thereon.
On each Distribution Date occurring after the related Accretion
Termination Date, amounts allocable to the Class 1-A11
Certificates in respect of the Class 1-A11C Component pursuant to
clauses (a)(i) and (a)(ii) of this Section 4.01 shall be
distributable on such Distribution Date pursuant to such clauses
to Holders of the Class 1-A11 Certificates in respect of the
Class 1-A11C Component as Accrued Certificate Interest.
(ii) On each Distribution Date through the Accretion
Termination Date for the Class 1-A7 Certificates, amounts
allocable to the Class 1-A7 Certificates pursuant to clauses
(a)(i) and (a)(ii) of this Section 4.01 shall not be
distributable to the Class 1-A7 Certificates pursuant to such
clauses but shall instead be (i) added to the Class Certificate
Principal Balance thereof to the extent of the related Accrual
Amount for such Distribution Date, and (ii) distributed to the
following Classes of Certificates, before any distributions are
made pursuant to Section 4.01(a)(iii) (but after giving effect to
distributions pursuant to the preceding paragraph), in the
following order of priority:
first, to the Class 1-A6 Certificates, up to the amount
necessary to reduce the Class Certificate Principal Balance
100
<PAGE>
of the Class 1-A6 Certificates to its TAC Balance for such
Distribution Date;
second, to the Class 1-A11 Certificates in respect of
the Class 1-A11C Component, up to the amount necessary to
reduce the Component Principal Balance of the Class 1-A11C
Component to its TAC Balance for such Distribution Date;
and
third, to the Class 1-A7 Certificates, as Accrued
Certificate Interest thereon.
On each Distribution Date occurring after the related
Accretion Termination Date, amounts allocable to the Class 1-A7
Certificates pursuant to clauses (a)(i) and (a)(ii) of this
Section 4.01 shall be distributable on such Distribution Date
pursuant to such clauses to Holders of the Class 1-A7
Certificates as Accrued Certificate Interest.
(iii) On each Distribution Date through the Accretion
Termination Date for the Class 1-A11D Component, amounts
allocable to the Class 1-A11 Certificates in respect of the Class
1-A11D Component pursuant to clauses (a)(i) and (a)(ii) of this
Section 4.01 shall not be distributable to the Class 1-A11
Certificates pursuant to such clauses but shall instead be (i)
added to the Component Principal Balance of such Component to the
extent of the related Accrual Amount for such Distribution Date,
and (ii) distributed to the following Classes of Certificates,
before any distributions are made pursuant to Section
4.01(a)(iii), in the following order of priority:
first, to the Class 1-A8 Certificates, in reduction of
the Class Certificate Principal Balance thereof, until the
Class Certificate Principal Balance thereof has been
reduced to zero; and
second, to the Class 1-A11 Certificates in respect of
the Class 1-A11D Component, as Accrued Certificate Interest
thereon.
On each Distribution Date occurring after the related Accretion
Termination Date, amounts allocable to the Class 1-A11
Certificates in respect of the Class 1-A11D Component pursuant to
clauses (a)(i) and (a)(ii) of this Section 4.01 shall be
distributable on such Distribution Date pursuant to such clauses
to Holders of the Class 1-A11 Certificates in respect of the
Class 1-A11D Component as Accrued Certificate Interest.
(g) 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
101
<PAGE>
succeeding calendar month the Trustee shall distributed 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 of the
related Certificate Group entitled thereto in accordance with the
preceding sentence, subject to the remainder of this subsection
(g). 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 Certificate Group 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 the
Section 4.01(g). Any distributions made pursuant to this Section
4.01(g) 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 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 of
the related Certificate Group 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
102
<PAGE>
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
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,
103
<PAGE>
(ii) a partnership, corporation or entity treated as a
partnership or corporation for U.S. federal income tax purposes
not formed under the laws of the United States, any state thereof
or the District of Columbia (unless, in the case of a
partnership, Treasury regulations provide otherwise), (iii) any
estate, the income of which is not subject to U.S. federal income
taxation, regardless of source, and (iv) any trust, other than a
trust that a court within the United States is able to exercise
primary supervision over the administration of the trust and one
or more U.S. Persons have the authority to control all
substantial decisions of the trust.
Section 4.03. Allocation of Losses. (a) On or prior to
each Determination Date, the Company shall determine the amount
of any Realized Loss in respect of each Mortgage Loan in each
Mortgage Pool 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) in respect of Pool 1 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 1-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 1-B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class 1-B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class 1-B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class 1-B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fifth, to the Class 1-B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
104
<PAGE>
sixth, to the Class 1-M Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; and
seventh, to the Classes of Pool 1 Senior
Certificates other than the Class 1-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 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); and
provided, further, that all such losses, other than
Non-Credit Losses, that would otherwise be allocable
to the Class 1-A11 Certificates shall be allocable,
first, to the Class 1-A10 Certificates, until the
Class Certificate Principal Balance thereof has been
reduced to zero, and second, to the Class 1-A11
Certificates.
With respect to any Distribution Date, the principal
portion of each Realized Loss (other than any Excess Loss) in
respect of Pool 2 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 2-PO Certificates until the Class Certificate
Principal Balance of such Class 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 2-B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class 2-B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class 2-B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
105
<PAGE>
fourth, to the Class 2-B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fifth, to the Class 2-B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
sixth, to the Class 2-M Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; and
seventh, to the Classes of Pool 2 Senior
Certificates other than the Class 2-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 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 in respect of a Mortgage
Pool (other than Excess Bankruptcy Losses attributable to Debt
Service Reductions) shall be allocated as follows: (1) the
applicable PO Percentage of any such loss shall be allocated to
the Class 1-PO Certificates, in the case of Pool 1, and to the
Class 2-PO Certificates, in the case of Pool 2, and (2) the
applicable Non-PO Percentage of any such loss shall be allocated
to each Class of Pool 1 Certificates other than the Class 1-PO
Certificates, in the case of Pool 1, and to each Class of Pool 2
Certificates other than the Class 2-PO Certificates, in the case
of Pool 2, 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,
106
<PAGE>
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 in respect of Pool 1 to be
allocated to the Class 1-PO Certificates on such Distribution
Date will be taken into account in determining distributions in
respect of any related Class PO Deferred Amount for such date,
and the aggregate amount of Realized Losses in respect of Pool 2
to be allocated to the Class 2-PO Certificates on such
Distribution Date will be taken into account in determining
distributions in respect of any related Class PO Deferred Amount
for such date.
(f) On each Distribution Date, the Company shall
determine the Subordinate Certificate Writedown Amount, if any,
for each Mortgage Pool. Any such Subordinate Certificate
Writedown Amount shall effect a corresponding reduction in the
Certificate Principal Balance of the Subordinate Certificates of
the related Certificate Group, 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 the principal portion of any Realized Loss in respect of a
Mortgage Pool shall be made on a Distribution Date to a Class of
Certificates of the related Certificate Group 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 in respect of such Mortgage
Pool on such date, to an amount less than the aggregate Scheduled
Principal Balance of the Mortgage Loans in the related Mortgage
Pool as of the first day of the month of such Distribution Date,
less any Deficient Valuations occurring on or prior to the
related Bankruptcy Coverage Termination Date (such limitation,
the related "Loss Allocation Limitation").
107
<PAGE>
(h) Any allocation of a Realized Loss to a Class of
Certificates (or Component), or of any Subordinate Certificate
Writedown Amount to a Class of Subordinate Certificates, pursuant
to this Section 4.03 shall effect a corresponding allocation
thereof to the corresponding Class of Lower Tier Interests and,
in the case of the principal portion of any such Realized Loss
and any such Subordinate Certificate Writedown Amount, a
corresponding reduction in the related Lower Tier Balance
thereof.
Section 4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans. (a) The Company shall be required to make Monthly
Advances in the manner and to the extent provided herein. Prior
to the close of business on each Determination Date, the Company
shall determine (i) the amount of the Monthly Advance which it is
required to make on the related Distribution Date and (ii)
whether it has elected to purchase any Defaulted Mortgage Loan or
Loans on such Distribution Date. If the Company so elects to
purchase any Defaulted Mortgage Loans (or is required to purchase
any Mortgage Loan pursuant to Section 2.02 or 2.03(a) or purchase
any Modified Mortgage Loan pursuant to Section 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 in respect of a Mortgage
Pool required to be deposited by it pursuant to Section 3.02(d),
the Company shall so notify the Trustee no later than 9:00 a.m.
on the Business Day preceding the related Distribution Date, and
the amount so deposited, if any, shall be deemed to have been
deposited first pursuant to clause (i) of the definition of
Available Funds for such Mortgage Pool, second pursuant to clause
(iii) of the definition of Available Funds for such Mortgage
Pool, and third pursuant to clause (ii) of the definition of
Available Funds for such Mortgage Pool. Such notice shall
108
<PAGE>
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. 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
Prepay-ments included therein (including, for this purpose,
the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03(b) or 3.16, respectively, and any
amounts deposited pursuant to Section 2.03(b) in connection
with the substitution of any Mortgage Loans pursuant to
Section 2.02 or 2.03(a), the proceeds of which purchases or
substitutions are being distributed on such Distribution
Date);
(ii) The amount of such distribution to the
Certificateholders of each Class (other than any Class of
Principal Only Certificates) allocable to interest,
including any Accrual Amount added to the Class Certificate
Principal Balance of any Class of Accrual Certificates (or
the Component Principal Balance of any Accrual Component);
(iii) The amount of servicing compensation paid to the
Company during the month preceding the month of
distribution in respect of the Mortgage Loans and such
other customary information as the Company deems necessary
or desirable to enable Certificateholders to prepare their
tax returns;
(iv) The Pool Scheduled Principal Balance for each
Mortgage Pool and the aggregate number of the Mortgage
Loans in each Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to principal
made on such Distribution Date;
109
<PAGE>
(v) The Class Certificate Principal Balance (or
Notional Principal Balance) of each Class and the
Certificate Principal Balance (or Notional Principal
Balance) of a Single Certificate of each Class after giving
effect to (i) all distributions allocable to principal (or
reductions in the Notional Principal Balance, in the case
of the Notional Certificates, or the addition of any
Accrual Amount, in the case of any Class of Accrual
Certificates or Accrual Component) made on such
Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Certificate Writedown Amount for
such Distribution Date;
(vi) The Pay-out Rate applicable to each Class of
Certificates;
(vii) The book value and unpaid principal balance of any
real estate acquired on behalf of Certificateholders
through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan, and the
number of the related Mortgage Loans, separately identified
as to each Mortgage Pool;
(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, separately identified as to each Mortgage
Pool;
(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), and the number of such Mortgage Loans, separately
identified as to each Mortgage Pool;
(x) The Certificate Interest Rates of any LIBOR
Certificates, any COFI Certificates, any Class S
Certificates and the Class 1-A11 Certificates applicable to
the Interest Accrual Period relating to such Distribution
Date and such Class;
(xi) The Senior Percentage and Junior Percentage for
each Certificate Group, the Pool 1 Category A Group II
Senior Percentage, the Class 1-A12 Percentage, the Class 2-
A1 Percentage and the Class 2-A2 Percentage for such
Distribution Date;
(xii) The Senior Prepayment Percentage and Junior
Prepayment Percentage for each Certificate Group for such
Distribution Date; and
110
<PAGE>
(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
111
<PAGE>
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 and either Mortgage Pool shall
be reduced by the amount of any Compensating Interest Payment for
such Distribution Date and such Mortgage Pool.
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 $851,889,640.23. Such
aggregate original principal balance shall be divided among the
Classes having the designations, Class Certificate Principal
Balances, Certificate Interest Rates and minimum denominations as
follows:
112
<PAGE>
Initial
Class
Certificate Certificate
Principal Interest Minimum
Designation Balance Rate Denominations
- ----------- ------- ---- -------------
Class 1-A1 $ 20,245,000.00 6.750% $ 25,000
Class 1-A2 16,190,000.00 6.750 25,000
Class 1-A3 18,554,000.00 6.750 25,000
Class 1-A4 14,167,000.00 6.750 25,000
Class 1-A5 13,544,000.00 6.750 25,000
Class 1-A6 76,620,000.00 7.000 25,000
Class 1-A7 8,065,445.00 7.000 25,000
Class 1-A8 5,975,000.00 7.000 25,000
Class 1-A9 35,843,000.00 7.000 25,000
Class 1-A10 7,550,000.00 7.000 25,000
Class 1-A11 71,151,461.00 (1) 250,000
Class 1-A12 20,045,000.00 7.250 25,000
Class 1-A13 66,065,000.00 7.250 25,000
Class 1-A14 42,235,000.00 7.250 25,000
Class 1-A15 26,830,000.00 7.250 25,000
Class 1-A16 16,580,000.00 7.250 25,000
Class 1-A17 20,181,000.00 7.250 25,000
Class 1-PO 16,449.67 0.000 250,000
Class 1-S 498,323,257.49 (2) 12,500,000
Class 1-M 7,768,000.00 7.250 100,000
Class 1-B1 4,761,000.00 7.250 100,000
Class 1-B2 3,758,500.00 7.250 100,000
Class 1-B3 2,505,500.00 7.250 250,000
Class 1-B4 751,700.00 7.250 250,000
Class 1-B5 1,755,231.20 7.250 250,000
Class 2-A1 35,074,000.00 7.000 25,000
Class 2-A2 17,537,000.00 7.000 25,000
Class 2-A3 81,565,000.00 7.000 25,000
Class 2-A4 21,156,000.00 7.000 25,000
Class 2-A5 10,028,000.00 7.000 25,000
Class 2-A6 20,000,000.00 7.000 1,000
Class 2-A7 109,427,000.00 7.000 25,000
Class 2-A8 11,240,000.00 7.000 25,000
Class 2-A9 14,561,000.00 7.000 25,000
Class 2-A10 15,058,000.00 7.000 25,000
Class 2-PO 179,492.68 0.000 250,000
Class 2-S 339,959,534.51 (2) 12,500,000
Class 2-M 5,436,500.00 7.000 100,000
Class 2-B1 3,332,000.00 7.000 100,000
Class 2-B2 2,630,500.00 7.000 100,000
Class 2-B3 1,753,500.00 7.000 250,000
Class 2-B4 526,000.00 7.000 250,000
Class 2-B5 1,228,160.75 7.000 250,000
Class R 100.00 7.250 100
Class RL 100.00 7.250 100
113
<PAGE>
(1) Interest will accrue on each Component of the Class 1-A11
Certificates during each Interest Accrual Period at the
applicable interest rate set forth in the definition of
"Component" on the Component Principal Balance or Notional
Component Balance, as applicable, of such Component. The
amount of interest that will accrue on the Class 1-A11
Certificates during each Interest Accrual Period will equal
the sum of the interest accrued during such Interest
Accrual Period on each Component of the Class 1-A11
Certificates.
(2) The Class 1-S and Class 2-S Certificates are issued with
initial Notional Principal Balances of $498,323,257.49 and
$339,959,534.51, respectively, and shall each bear interest
at the related 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
Certificates shall each be issued in the minimum dollar
denominations in Certificate Principal Balance or Notional
Principal Balance, as applicable, specified in Section 5.01(b),
and integral multiples of $1,000 (or $1,000,000 in the case of
the Class S Certificates) in excess thereof (and, if necessary,
in the amount of the remaining Class Certificate Principal
Balance or Notional Principal Balance, as applicable, of each
Class, in the case of one Certificate of such Class). Each Class
of Residual Certificates shall be issued as a single certificate
evidencing the entire Class Certificate Principal Balance of such
Class and having a Percentage Interest of 100%. If necessary, one
Certificate of each Class of Book-Entry Certificates and any
Notional Certificates that are Non Book-Entry Certificates may
evidence an additional amount equal to the remainder of the Class
Certificate Principal Balance (or Notional Principal Balance) of
such Class.
(d) The Certificates shall be executed by manual or
facsimile signature on behalf of the Trustee by an authorized
officer under its seal, which may be in facsimile form and be
imprinted or otherwise reproduced thereon. Certificates bearing
the manual or facsimile signatures of individuals who were, at
the time when such signatures were affixed, authorized to sign on
behalf of the Trustee shall bind the Trustee, notwithstanding
that such individuals or any of them have ceased to be so
authorized prior to the authentication and delivery of such
Certificates or did not hold such offices at the date of such
Certificate. No Certificate shall be entitled to any benefit
under this Agreement, or be valid for any purpose, unless such
Certificate shall have been manually countersigned by the Trustee
substantially in the forms set forth in Exhibit A hereto, and
such countersignature upon any Certificate shall be conclusive
114
<PAGE>
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 Rates 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.
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
115
<PAGE>
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
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
116
<PAGE>
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.
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
117
<PAGE>
legend to the Residual Certificates may be deleted) after
delivery to the Trustee of an Opinion of Counsel to the effect
that the elimination of such restrictions will not cause either
the Upper Tier REMIC or the Lower Tier REMIC established
hereunder to fail to qualify as a REMIC at any time that the
Certificates are outstanding.
No transfer of a Restricted Certificate shall be made
unless such transfer is made pursuant to an effective
registration statement under the Securities Act of 1933, as
amended (the "Act"), and any applicable state securities laws, in
each case as evidenced by an Officer's Certificate, or is exempt
from the registration requirements of the Act and any applicable
state securities laws. In the event of such registration, any
restrictive legends set forth in the form of the relevant
Restricted Certificate in Exhibit A hereto with respect to the
Act and state securities law restrictions shall be removed by the
Trustee upon request of the Holder thereof and automatically upon
exchange or registration of transfer thereof. As a condition to
any transfer that is to be made in reliance upon an exemption
from the Act and such laws of a Restricted Certificate to any
person other than a QIB (as certified by the proposed transferee
in the form of assignment attached to the related Certificate),
either (x) the Trustee shall require the transferee to execute an
investment letter in the form substantially as set forth in
Exhibit I hereto or in such other form as may be acceptable to
the Trustee, certifying as to the facts surrounding such
transfer, or (y) in lieu of such investment letter, the Trustee
may accept a written Opinion of Counsel (in form and substance
acceptable to the Trustee) that such proposed transfer may be
made pursuant to an exemption from the Act. As an additional
condition to any transfer of a Restricted Certificate either (i)
the transferor and the transferee shall complete the form of
assignment attached to the Certificate proposed to be
transferred, or (ii) the Trustee shall have received the
above-referenced opinion of counsel. The holder of any Restricted
Certificate desiring to effect the transfer thereof to a person
other than a QIB shall, and hereby agrees to, comply with any
applicable conditions set forth in the preceding two sentences
and indemnify the Trustee and the Company against any liability
that may result if the transfer thereof is not so exempt or is
not made in accordance with such federal and state laws. Such
agreement to so indemnify the Trustee and the Company shall
survive the termination of this Agreement. Notwithstanding the
foregoing, no Opinion of Counsel or investment letter shall be
required upon the original issuance of (i) the Restricted Junior
Certificates and Class 1-A11 Certificates to the Initial
Purchaser (as defined in the related Private Placement
Memorandum) or its nominee and (ii) the Class PO and Class S
Certificates to the Company or upon any subsequent transfer of
118
<PAGE>
any Class PO or Class S Certificate by the Company, provided that
if any Restricted Junior Certificates or Class 1-A11 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
119
<PAGE>
preparation and delivery of such certificate shall not be an
expense of the Trust Fund, the Trustee or the Company.
(d) Subject to Section 8.01(i) hereof, the Trustee may
conclusively rely upon any certificate, affidavit or opinion
delivered pursuant to Section 5.02(b) or (c). Any certificate or
affidavit required to be delivered by a transferee under this
Section 5.02 may be executed and delivered in the name of such
transferee by its attorney-in-fact duly authorized in writing in
form and substance satisfactory to the Trustee.
(e) Except as to any additional Certificate of any
Class of Book-Entry Certificates held in physical certificated
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.
120
<PAGE>
All transfers by Certificate Owners of Book-Entry
Certificates shall be made in accordance with the procedures
established by the Depository Participant or brokerage firm
representing such Certificate Owner. Each Depository Participant
shall only transfer Book-Entry Certificates of Certificate Owners
it represents or of brokerage firms for which it acts as agent in
accordance with the Depository's normal procedures. Except as
provided herein, the Trustee shall have no duty to monitor or
restrict the transfer of Certificates or interests therein, and
shall have no liability for any transfer, including any transfer
made through the book-entry facilities of the Depository or
between or among Depository Participants or Certificate Owners,
made in violation of applicable restrictions set forth herein,
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
121
<PAGE>
Certificate shall represent 100% of the initial Class Certificate
Principal Balance thereof, except for such amount that does not
constitute an acceptable denomination to the Depository. An
additional Certificate of each Class of Book-Entry Certificates
may be issued evidencing such remainder and, if so issued, will
be held in physical certificated form by the Holders thereof.
Each Certificate issued in book-entry form shall bear the
following legend:
"Unless this Certificate is presented by an authorized
representative of The Depository Trust Company, a New York
corporation ("DTC"), to Issuer or its agent for registration of
transfer, exchange, or payment, and any certificate issued is
registered in the name of Cede & Co. or in such other name as
requested by an authorized representative of DTC (and any 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
122
<PAGE>
distributions pursuant to Section 4.01 and for all other purposes
whatsoever, and neither the Company, the Trustee, the Certificate
Registrar nor any agent of the Company, the Trustee or the
Certificate Registrar shall be affected by any notice to the
contrary.
Section 5.05. Access to List of Certificateholders'
Names and Addresses. The Certificate Registrar will furnish or
cause to be furnished to the Company, within 15 days after
receipt by the Certificate Registrar of request therefor from the
Company in writing, a list, in such form as the Company may
reasonably require, of the names and addresses of the
Certificateholders as of the most recent Record Date for payment
of distributions to Certificateholders. If three or more
Certificateholders (hereinafter referred to as "applicants")
apply in writing to the Trustee, and such application states that
the applicants desire to communicate with other
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".
123
<PAGE>
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. The Trustee
shall provide to Certificateholders who inquire of it by
telephone (at (617) 664-5500) Certificate Interest Rates of the
COFI Certificates for the current and immediately preceding
Interest Accrual Periods.
(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
124
<PAGE>
Banks as of 11:00 a.m. London time on such LIBOR Determination
Date as follows:
(i) If on any LIBOR Determination Date two or more of
the Reference Banks provide such offered quotations, LIBOR
for the next Interest Accrual Period will be the arithmetic
mean of such offered quotations (rounding such arithmetic
mean upwards if necessary to the nearest whole multiple of
1/16%);
(ii) If on any LIBOR Determination Date only one or
none of the Reference Banks provides such offered
quotations, LIBOR for the next Interest Accrual Period will
be whichever is the higher of (x) LIBOR as determined on
the previous LIBOR Determination Date or (y) the Reserve
Interest Rate. The "Reserve Interest Rate" will be either
(A) the rate per annum which the Trustee determines to be
the arithmetic mean (rounding such arithmetic mean upwards
if necessary to the nearest whole multiple of 1/16%) of the
one-month Eurodollar lending rates that New York City banks
selected by the Trustee are quoting, on the relevant LIBOR
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.
125
<PAGE>
(d) The Trustee shall provide to Certificateholders
who inquire of it by telephone (at (617) 664-5500) the
Certificate Interest Rates of the LIBOR Certificates for the
current and immediately preceding Interest Accrual Periods.
(e) As used herein, "Reference Banks" shall mean no
more than four leading banks engaged in transactions in
Eurodollar deposits in the international Eurocurrency market (i)
with an established place of business in London, England, (ii)
whose quotations appear on the "Reuters Screen LIBO Page" (as
described in the definition of LIBOR hereof) on the applicable
LIBOR Determination Date and (iii) which have been designated as
such by the Trustee and are able and willing to provide such
quotations to the Trustee on each LIBOR Determination Date. The
Reference Banks initially shall be: Barclay's plc, Bank of Tokyo,
National Westminster Bank and Trust Company and Bankers Trust
Company. If any of the initial Reference Banks should be removed
from the Reuters Screen LIBO Page or in any other way fail to
meet the qualifications of a Reference Bank, the Trustee, after
consultation with the Company, shall use its best efforts to
designate alternate Reference Banks.
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.
126
<PAGE>
Section 6.03. Assignment. The Company may assign its
rights and delegate its duties and obligations as servicer under
this Agreement; provided, that (i) the purchaser or transferee
accepting such assignment or delegation is qualified to service
mortgage loans for FNMA or FHLMC, is reasonably satisfactory to
the Trustee and executes and delivers to the Trustee an
agreement, in form and substance reasonably satisfactory to the
Trustee, which contains an assumption by such purchaser or
transferee of the due and punctual performance and observance of
each covenant and condition to be performed or observed by the
Company as servicer hereunder from and after the date of such
agreement and (ii) each Rating Agency's rating of any Classes of
Certificates in effect immediately prior to such assignment or
delegation would not be qualified, downgraded or withdrawn as a
result thereof. In the case of any such assignment or delegation,
the Company will be released from its obligations as servicer
hereunder except for liabilities and obligations as servicer
incurred prior to such assignment or delegation.
Section 6.04. Limitation on Liability of the Company
and Others. Neither the Company nor any of the directors or
officers or employees or agents of the Company shall be under any
liability to the Trust Fund or the Certificateholders for any
action taken or for refraining from the taking of any action by
the Company pursuant to this Agreement, or for errors in
judgment; provided, however, that this provision shall not
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,
127
<PAGE>
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 applicable
Mortgage Loan Payment Record as provided by Section 3.04.
Section 6.05. The Company Not to Resign. Subject to
the provisions of Sections 6.02 and 6.03, the Company shall not
resign from the obligations and duties hereby imposed on it
except upon determination that the performance of its duties
hereunder is no longer permissible under applicable law. Any such
determination permitting the resignation of the Company shall be
evidenced by an Opinion of Counsel to such effect delivered to
the Trustee. No such resignation shall become effective until the
Trustee or a successor servicer shall have assumed the
responsibilities and obligations of the Company in accordance
with Section 7.02.
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
128
<PAGE>
to be remedied, shall have been given to the Company by the
Trustee, or to the Company and the Trustee by the Holders
of Certificates of each Class affected thereby evidencing,
as to each such Class, Percentage Interests aggregating not
less than 25%; or
(iii) The entry of a decree or order by a court or
agency or supervisory authority having jurisdiction in the
premises for the appointment of a conservator, receiver or
liquidator in any insolvency, readjustment of debt,
marshalling of assets and liabilities or similar
proceedings of or relating to the Company, or for the
winding up or liquidation of the Company's affairs, and the
continuance of any such decree or order unstayed and in
effect for a period of 60 consecutive days; or
(iv) The consent by the Company to the appointment of a
conservator or receiver or liquidator in any insolvency,
readjustment of debt, marshalling of assets and liabilities
or similar proceedings of or relating to the Company or of
or relating to substantially all of its property; or the
Company shall admit in writing its inability to pay its
debts generally as they become due, file a petition to take
advantage of any applicable insolvency or reorganization
statute, make an assignment for the benefit of its
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
129
<PAGE>
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 either Mortgage Loan Payment
Record, or that have been deposited by the Company in the
Certificate Account or are thereafter received by the Company
with respect to the Mortgage Loans. In addition to any other
amounts which are then, or, notwithstanding the termination of
its activities as servicer, may become, payable to the Company
under this Agreement, the Company shall be entitled to receive
out of any delinquent payment on account of interest on a
Mortgage Loan, due during the period prior to the notice pursuant
to this Section 7.01 which terminates the obligation and rights
of the Company hereunder and received after such notice, that
portion of such payment which it would have been entitled to
retain pursuant to Section 3.04(vi) if such notice had not been
given.
Section 7.02. Trustee to Act; Appointment of
Successor. (a) On and after the time the Company receives a
notice of termination pursuant to Section 7.01, the Trustee shall
be the successor in all respects to the Company in its capacity
as servicer under this Agreement and the transactions set forth
or provided for herein and shall succeed to all the rights of and
be subject to all the responsibilities, duties and liabilities
relating thereto placed on the Company in its capacity as
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
130
<PAGE>
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.
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,
131
<PAGE>
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 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%.
132
<PAGE>
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 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;
133
<PAGE>
(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
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.
134
<PAGE>
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 each Mortgage Loan
Payment Record pursuant to Section 3.04 to reimburse the Trustee
for any related Monthly Advances and Nonrecoverable Advances.
Section 8.06. Eligibility Requirements for Trustee.
The Trustee hereunder shall at all times be a corporation having
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
135
<PAGE>
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 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.
136
<PAGE>
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
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
137
<PAGE>
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;
(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
138
<PAGE>
each of them. Every instrument appointing any separate trustee or
co-trustee shall refer to this Agreement and the conditions of
this Article VIII. Each separate trustee and co-trustee, upon its
acceptance of the trusts conferred, shall be vested with the
estates or property specified in its instrument of appointment,
either jointly with the Trustee or separately, as may be provided
therein, subject to all the provisions of this Agreement,
specifically including every provision of this Agreement relating
to the conduct of, affecting the liability of, or affording
protection to, the Trustee. Every such instrument shall be filed
with the Trustee and a copy thereof given to the Company.
Any separate trustee or co-trustee may, at any time,
constitute the Trustee, its agent or attorney-in-fact, with full
power and authority, to the extent not prohibited by law, to do
any lawful act under or in respect of this Agreement on its
behalf and in its name. If any separate trustee or co-trustee
shall die, become incapable of acting, resign or be removed, all
of its estates, properties, rights, remedies and trusts shall
vest in and be exercised by the Trustee, to the extent permitted
by law, without the appointment of a new or successor trustee.
Section 8.11. Compliance with REMIC Provisions; Tax
Returns. The Trustee shall at all times act in such a manner in
the performance of its duties hereunder as shall be necessary to
prevent each of the Upper Tier REMIC and the Lower Tier REMIC
from failing to qualify as a REMIC and to prevent the imposition
of a tax on the Trust Fund or such REMICs. The Trustee, upon
request, will furnish the Company with all such information
within its possession as may be reasonably required in connection
with the preparation of all tax returns of the Trust Fund and any
Reserve Fund, and shall, upon request, execute such returns.
ARTICLE IX
TERMINATION
Section 9.01. Termination upon Repurchase by the
Company or Liquidation of All Mortgage Loans. Subject to Section
9.02, the respective obligations and responsibilities of the
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
139
<PAGE>
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 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
140
<PAGE>
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, by
Mortgage Pool, in accordance with the applicable priorities
provided by Section 4.01 or Section 2.05(d), as the case may be.
Distributions on each Certificate shall be made on the final
Distribution Date in the manner specified in Section 4.02 but
only upon presentation and surrender of the Certificates.
In the event that all of the Certificateholders shall
not surrender their Certificates for cancellation within six
months after the date specified in the above-mentioned written
notice, the Trustee shall give a second written notice to the
remaining Certificateholders to surrender their Certificates for
cancellation and receive the final distribution with respect
thereto. If within one year after the second notice all the
Certificates shall not have been surrendered for cancellation,
the Trustee may take appropriate steps, or may appoint an agent
to take appropriate steps, to contact the remaining
Certificateholders concerning surrender of their Certificates,
and the cost thereof shall be paid out of the funds and other
assets which remain subject hereto.
Section 9.02. Additional Termination Requirements. (a)
In the event the Company exercises its purchase option as
provided in Section 9.01, the Trust Fund and each of the Upper
Tier REMIC and the Lower Tier REMIC established hereunder shall
be terminated in accordance with the following additional
requirements, unless the Trustee has been supplied with an
Opinion of Counsel to the effect that the failure to comply with
the requirements of this Section 9.02 will not (i) result in the
imposition of taxes on "prohibited transactions" of either the
Upper Tier REMIC or the Lower Tier REMIC as defined in section
860F of the Code, or (ii) cause either the Upper Tier REMIC or
Lower Tier REMIC to fail to qualify as a REMIC at any time that
any Certificates are outstanding:
(i) Within 90 days prior to the final Distribution
Date set forth in the notice given by the Trustee under
Section 9.01, the Company shall prepare and the Trustee
shall execute and adopt a plan of complete liquidation for
either the Upper Tier REMIC or the Lower Tier REMIC within
the meaning of section 860F(a)(4)(A)(i) of the Code, which
shall be evidenced by such notice; and
141
<PAGE>
(ii) Within 90 days after the time of adoption of such
a plan of complete liquidation, the Trustee shall sell all
of the assets of the Trust Fund to the Company for cash in
accordance with Section 9.01.
(b) By their acceptance of the Residual Certificates,
the Holders thereof hereby authorize the Trustee to adopt such a
plan of complete liquidation which authorization shall be binding
on all successor Holders of the Residual Certificates.
(c) On the final federal income tax return for each of
the Upper Tier REMIC and the Lower Tier REMIC, the Trustee will
attach a statement specifying the date of the adoption of the
plan of liquidation.
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01. Amendment. This Agreement may be
amended from time to time by the Company and the Trustee, without
the consent of any of the Certificateholders, to cure any
ambiguity, to correct or supplement any provisions herein or
therein which may be defective or inconsistent with any other
provisions herein, or to add any other provisions with respect to
matters or questions arising under this Agreement, which shall
not be materially inconsistent with the provisions of this
Agreement; provided, however, that such action shall not, as
evidenced by an Opinion of Counsel, adversely affect in any
material respect the interests of any Certificateholder.
Notwithstanding the foregoing, without the consent of the
Certificateholders, the Trustee and the Company may at any time
and from time to time amend this Agreement to modify, eliminate
or add to any of its provisions to such extent as shall be
necessary or appropriate to maintain the qualification of each of
the Upper Tier REMIC and the Lower Tier REMIC as a REMIC under
the Code or to avoid or minimize the risk of the imposition of
any tax on the Trust Fund pursuant to the Code that would be a
claim against the Trust Fund at any time prior to the final
redemption of the Certificates, provided that the Trustee has
obtained an opinion of independent counsel (which opinion also
shall be addressed to the Company) to the effect that such action
is necessary or appropriate to maintain such qualification or to
avoid or minimize the risk of the imposition of such a tax.
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
142
<PAGE>
aggregating not less than 66% of each Class affected by such
amendment, for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of
this Agreement, or of modifying in any manner the rights of the
Holders of Certificates; provided, however, that no such
amendment shall (a) reduce in any manner the amount of, or delay
the timing of, collections of payments on the Mortgage Loans or
distributions which are required to be made on any Certificate
without the consent of the Holder of such Certificate, (b)
adversely affect in any material respects the interests of the
Holders of any Class of Certificates in any manner other than as
described in (a), without the consent of the Holders of
Certificates evidencing Percentage Interests aggregating not less
than 66% of such Class, or (c) reduce the aforesaid percentages
of Certificates of any Class required to consent to any such
amendment, without the consent of the Holders of all Certificates
of such Class then outstanding. For purposes of this paragraph,
references to "Holder" or "Holders" shall be deemed to include,
in the case of any Class of Book-Entry Certificates, the related
Certificate Owners.
Notwithstanding any contrary provision of this
Agreement, the Trustee shall not consent to any amendment to this
Agreement unless it shall have first received an Opinion of
Counsel to the effect that such amendment will not subject the
Trust Fund to tax or cause either the Upper Tier REMIC or the
Lower Tier REMIC to fail to qualify as a REMIC at any time that
any Certificates are outstanding.
Promptly after the execution of any such amendment or
consent the Trustee shall furnish written notification of the
substance of such amendment to each Certificateholder.
It shall not be necessary for the consent of
Certificateholders under this Section 10.01 to approve the
particular form of any proposed amendment, but it shall be
sufficient if such consent shall approve the substance thereof.
The manner of obtaining such consents and of evidencing the
authorization of the execution thereof by Certificateholders
shall be subject to such reasonable requirements as the Trustee
may prescribe.
Section 10.02. Recordation of Agreement. This
Agreement is subject to recordation in all appropriate public
offices for real property records in all the counties or other
comparable jurisdictions in which any or all of the properties
subject to the Mortgages are situated, and in any other
appropriate public recording office or elsewhere, such
recordation to be effected by the Company and at its expense on
direction by the Trustee, but only upon direction of the Trustee
143
<PAGE>
accompanied by an Opinion of Counsel to the effect that such
recordation materially and beneficially affects the interests of
Certificateholders.
For the purpose of facilitating the recordation of
this Agreement as herein provided and for other purposes, this
Agreement may be executed simultaneously in any number of
counterparts, each of which counterparts shall be deemed to be an
original, and such counterparts shall constitute but one and the
same instrument.
Section 10.03. Limitation on Rights of
Certificateholders. The death or incapacity of any
Certificateholder shall not operate to terminate this Agreement
or the Trust Fund, nor entitle such Certificateholder's legal
representatives or heirs to claim an accounting or to take any
action or commence any proceeding in any court for a partition or
winding up of the Trust Fund, nor otherwise affect the rights,
obligations and liabilities of the parties hereto or any of them.
No Certificateholder shall have any right to vote
(except as provided in Section 10.01) or in any manner otherwise
control the operation and management of the Trust Fund, or the
obligations of the parties hereto, nor shall anything herein set
forth, or contained in the terms of the Certificates, be
construed so as to constitute the Certificateholders from time to
time as partners or members of an association; nor shall any
Certificateholder be under any liability to any third person by
reason of any action taken by the parties to this Agreement
pursuant to any provision hereof.
No Certificateholder shall have any right by virtue or
by availing itself of any provisions of this Agreement to
institute any suit, action or proceeding in equity or at law upon
or under or with respect to this Agreement, unless such Holder
previously shall have given to the Trustee a written notice of
default and of the continuance thereof, as hereinbefore provided,
and unless also the Holders of Certificates of each Class
affected thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25% shall have made written
request upon the Trustee to institute such action, suit or
proceeding in its own name as Trustee hereunder and shall have
offered to the Trustee such reasonable indemnity as it may
require against the costs, expenses and liabilities to be
incurred therein or thereby, and the Trustee, for 60 days after
its receipt of such notice, request and offer of indemnity, shall
have neglected or refused to institute any such action, suit or
proceeding; it being understood and intended, and being expressly
covenanted by each Certificateholder with every other
Certificateholder and the Trustee, that no one or more Holders of
144
<PAGE>
Certificates shall have any right in any manner whatever by
virtue or by availing itself or themselves of any provisions of
this Agreement to affect, disturb or prejudice the rights of the
Holders of any other of the Certificates, or to obtain or seek to
obtain priority over or preference to any other such Holder, or
to enforce any right under this Agreement, except in the manner
herein provided and for the equal, ratable and common benefit of
all Certificateholders. For the protection and enforcement of the
provisions of this Section 10.03, each and every
Certificateholder and the Trustee shall be entitled to such
relief as can be given either at law or in equity.
Section 10.04. Governing Law. THIS AGREEMENT SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
Section 10.05. Notices. All demands, notices and
communications hereunder shall be in writing and shall be deemed
to have been duly given if personally delivered at or mailed by
certified mail, return receipt requested, (a) in the case of the
Company, to GE Capital Mortgage Services, Inc., 3 Executive
Campus, Cherry Hill, New Jersey 08002, Attention: General
Counsel, (b) in the case of the Trustee, to State Street Bank and
Trust Company, Corporate Trust Department, 225 Franklin Street,
Boston, Massachusetts 02110, (c) in the case of Fitch, to Fitch
Investors Service, L.P., One State Street Plaza, New York, New
York 10004, Attention: Structured Finance Surveillance, and (d)
in the case of S&P, to Standard & Poor's Rating Services, 26
Broadway, 15th Floor, New York, New York 10004, Attention:
Mortgage Surveillance Group, or, as to each such Person, at such
other address as shall be designated by such Person in a written
notice to each other named Person. Any notice required or
permitted to be mailed to a Certificateholder shall be given by
first class mail, postage prepaid, at the address of such Holder
as shown in the Certificate Register. Any notice so mailed within
the time prescribed in this Agreement shall be conclusively
presumed to have been duly given, whether or not the
Certificateholder receives such notice.
Section 10.06. Notices to the Rating Agencies. The
Company shall deliver written notice of the following events to
each Rating Agency promptly following the occurrence thereof:
material amendment to this Agreement; any Event of Default; any
Trigger Event; change in or termination of the Trustee; removal
of the Company or any successor servicer as servicer; repurchase
or replacement of any Defective Mortgage Loan pursuant to Section
2.03; and final payment to Certificateholders. In addition, the
Company shall deliver copies of the following documents to each
Rating Agency at the time such documents are required to be
145
<PAGE>
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.
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.
* * *
146
<PAGE>
IN WITNESS WHEREOF, the Company and the Trustee have
caused this Agreement to be duly executed by their respective
officers and their respective seals, duly attested, to be
hereunto affixed, all as of the day and year first above written.
GE CAPITAL MORTGAGE
SERVICES, INC.
By:___________________________
Name:
Title:
[SEAL]
Attest:
By:___________________________
Name:
Title:
STATE STREET BANK AND
TRUST COMPANY,
as Trustee
By:___________________________
Name:
Title:
[SEAL]
Attest:
By:___________________________
Name:
Title:
<PAGE>
State of New Jersey )
) ss.:
County of Camden )
On the 30th day of October, 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 30th day of October, 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 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A1 Certificate
Principal Balance:
Class 1-A1 $20,245,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NCN2
November 25, 1997
2
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A1 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described
3
<PAGE>
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 1997-9, issued in forty-five Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11,
Class 1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 1-S, Class R, Class RL, Class
2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6,
Class 2-A7, Class 2-A8, Class 2-A9, Class 2-A10, Class 2-PO,
Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4, Class
2-B5 and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates. In addition, certain losses on the Mortgage
Loans in respect of Pool 1 resulting from defaults by Mortgagors
will be borne by the Holders of the Class 1-A10 Certificates
before such losses will be borne by the Holders of the Class
1-A11 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by
4
<PAGE>
the Holders of the Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3,
Class 2-B4 and Class 2-B5 Certificates before such losses will be
borne by the Holders of the other Classes of the Pool 2
Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
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 1-A10, Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class
2-B1, Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-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
5
<PAGE>
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 1-A10, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3,
Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4 or Class 2-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 or Class RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R or Class RL Certificate or
(y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class R or Class RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
6
<PAGE>
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates 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
7
<PAGE>
entitled to any benefit under the Agreement or be valid for any
purpose.
8
<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 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A2 Certificate
Principal Balance:
Class 1-A2 $16,190,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NCP7
November 25, 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 1-A2 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 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>
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 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A3 Certificate
Principal Balance:
Class 1-A3 $18,554,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NCQ5
November 25, 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 1-A3 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 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>
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 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A4 Certificate
Principal Balance:
Class 1-A4 $14,167,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NCR3
November 25, 1997
2
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A4 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
3
<PAGE>
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.
4
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A5 Certificate
Principal Balance:
Class 1-A5 $13,544,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NCS1
November 25, 1997
5
<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 1-A5 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 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
6
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
7
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A6 Certificate
Principal Balance:
Class 1-A6 $76,620,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NCT9
November 25, 1997
8
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A6 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on this
9
<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.
10
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A7 Certificate
Principal Balance:
Class 1-A7 $8,065,445
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NCU6
November 25, 1997
11
<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 1-A7 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 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
12
<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.
13
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A8 Certificate
Principal Balance:
Class 1-A8 $5,975,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NCV4
November 25, 1997
14
<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 1-A8 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 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
15
<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.
16
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A9 Certificate
Principal Balance:
Class 1-A9 $35,843,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NCW2
November 25, 1997
17
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A9 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
18
<PAGE>
THIS CERTIFICATE 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.
19
<PAGE>
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.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A10 Certificate
Principal Balance:
Class 1-A10 $7,550,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NCX0
November 25, 1997
20
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A10 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
21
<PAGE>
THIS CERTIFICATE 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 A TRANSACTION EXEMPT
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, IN EACH
CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY
STATE OF THE UNITED STATES. 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.
22
<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).
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A11 Certificate
Principal Balance:
Class 1-A11 $71,151,461.00
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NEG5
November 25, 1997
23
<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 1-A11 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 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
24
<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.
25
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A12 Certificate
Principal Balance:
Class 1-A12 $20,045,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NCY8
November 25, 1997
26
<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 1-A12 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 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
27
<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.
28
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A13 Certificate
Principal Balance:
Class 1-A13 $66,065,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NCZ5
November 25, 1997
29
<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 1-A13 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 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
30
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
31
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A14 Certificate
Principal Balance:
Class 1-A14 $42,235,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDA9
November 25, 1997
32
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A14 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
33
<PAGE>
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.
34
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A15 Certificate
Principal Balance:
Class 1-A15 $26,830,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDB7
November 25, 1997
35
<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 1-A15 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 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
36
<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.
37
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A16 Certificate
Principal Balance:
Class 1-A16 $16,580,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDC5
November 25, 1997
38
<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 1-A16 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 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 PRINCIPAL IN
RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
39
<PAGE>
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.
40
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A17 Certificate
Principal Balance:
Class 1-A17 $20,181,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDD3
November 25, 1997
41
<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 1-A17 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 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
42
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE, BY
ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT AS
MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON TRANSFERS
TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR BOOK-ENTRY NOMINEES.
THE HOLDER OF THIS CLASS R CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY AS ITS AGENT AND
ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS PERSON" OF THE UPPER-TIER
REMIC TO PERFORM THE FUNCTIONS OF A "TAX MATTERS PARTNER" FOR
PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F OF THE CODE,
WITH RESPECT TO THE TRUST FUND.
43
<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 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools 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 $100.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDH4
November 25, 1997
44
<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 two pools ("Pool 1" and "Pool
2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described
45
<PAGE>
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 1997-9, issued in forty-five Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11,
Class 1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 1-S, Class R, Class RL, Class
2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6,
Class 2-A7, Class 2-A8, Class 2-A9, Class 2-A10, Class 2-PO,
Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4, Class
2-B5 and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates. In addition, certain losses on the Mortgage
Loans in respect of Pool 1 resulting from defaults by Mortgagors
will be borne by the Holders of the Class 1-A10 Certificates
before such losses will be borne by the Holders of the Class
1-A11 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by
46
<PAGE>
the Holders of the Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3,
Class 2-B4 and Class 2-B5 Certificates before such losses will be
borne by the Holders of the other Classes of the Pool 2
Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
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 1-A10, Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class
2-B1, Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-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
47
<PAGE>
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 1-A10, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3,
Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4 or Class 2-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 or Class RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R or Class RL Certificate or
(y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class R or Class RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
48
<PAGE>
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates 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
49
<PAGE>
entitled to any benefit under the Agreement or be valid for any
purpose.
50
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:______________________________
Name:
Title:
Countersigned:
By_________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:_____________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_________________________________________________________________
_________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
Dated:_______________
_______________________________________
Signature by or on behalf of assignor
____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
2
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE, BY
ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE
AGREED TO SUCH AMENDMENTS TO THE AGREEMENT AS MAY BE REQUIRED TO
FURTHER EFFECTUATE THE RESTRICTIONS ON TRANSFERS TO DISQUALIFIED
ORGANIZATIONS, AGENTS THEREOF OR BOOK-ENTRY NOMINEES.
THE HOLDER OF THIS CLASS RL CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY AS ITS AGENT AND
ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS PERSON" OF THE LOWER-TIER
REMIC TO PERFORM THE FUNCTIONS OF A "TAX MATTERS PARTNER" FOR
PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F OF THE CODE,
WITH RESPECT TO THE TRUST FUND.
3
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class RL Certificate
Principal Balance:
Class RL $100.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDJ0
November 25, 1997
4
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class RL Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of two pools ("Pool 1" and "Pool
2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on this
5
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "ACT"). ANY RESALE OR TRANSFER OF THIS
CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE ACT MAY ONLY
BE MADE IN A TRANSACTION EXEMPT FROM THE REGISTRATION
REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH SECTION 5.02 OF
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
6
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-PO Certificate
Principal Balance:
Class 1-PO $16,449.67
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing $
Cut-off Date:
October 1, 1997
First Distribution Date:
November 25, 1997
7
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-PO Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described
8
<PAGE>
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 1997-9, issued in forty-five Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11,
Class 1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 1-S, Class R, Class RL, Class
2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6,
Class 2-A7, Class 2-A8, Class 2-A9, Class 2-A10, Class 2-PO,
Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4, Class
2-B5 and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates. In addition, certain losses on the Mortgage
Loans in respect of Pool 1 resulting from defaults by Mortgagors
will be borne by the Holders of the Class 1-A10 Certificates
before such losses will be borne by the Holders of the Class
1-A11 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by
9
<PAGE>
the Holders of the Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3,
Class 2-B4 and Class 2-B5 Certificates before such losses will be
borne by the Holders of the other Classes of the Pool 2
Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
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 1-A10, Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class
2-B1, Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-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
10
<PAGE>
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 1-A10, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3,
Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4 or Class 2-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 or Class RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R or Class RL Certificate or
(y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class R or Class RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
11
<PAGE>
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates 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
12
<PAGE>
entitled to any benefit under the Agreement or be valid for any
purpose.
13
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:____________________________
Name:
Title:
Countersigned:
By________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:______________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_________________________________________________________________
_________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
Dated:_________________
_______________________________________
Signature by or on behalf of assignor
_______________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
2
<PAGE>
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.
3
<PAGE>
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.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-M Certificate
Principal Balance:
Class 1-M $7,768,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDE1
November 25, 1997
4
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-M Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of two pools ("Pool 1" and "Pool
2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described
5
<PAGE>
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 1997-9, issued in forty-five Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11,
Class 1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 1-S, Class R, Class RL, Class
2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6,
Class 2-A7, Class 2-A8, Class 2-A9, Class 2-A10, Class 2-PO,
Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4, Class
2-B5 and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates. In addition, certain losses on the Mortgage
Loans in respect of Pool 1 resulting from defaults by Mortgagors
will be borne by the Holders of the Class 1-A10 Certificates
before such losses will be borne by the Holders of the Class
1-A11 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by
6
<PAGE>
the Holders of the Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3,
Class 2-B4 and Class 2-B5 Certificates before such losses will be
borne by the Holders of the other Classes of the Pool 2
Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
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 1-A10, Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1,
Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-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
7
<PAGE>
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 1-A10, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3,
Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4 or Class 2-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 or Class RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R or Class RL Certificate or
(y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class R or Class RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
8
<PAGE>
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates 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
9
<PAGE>
entitled to any benefit under the Agreement or be valid for any
purpose.
10
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_____________________________
Name:
Title:
Countersigned:
By________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:____________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_________________________________________________________________
_________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
Dated:___________________
_______________________________________
Signature by or on behalf of assignor
______________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
2
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
3
<PAGE>
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.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-B1 Certificate
Principal Balance:
Class 1-B1 $4,761,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDF8
November 25, 1997
4
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B1 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on this
5
<PAGE>
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.
6
<PAGE>
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.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-B2 Certificate
Principal Balance:
Class 1-B2 $3,758,500
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDG6
November 25, 1997
7
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B2 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on this
8
<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.
9
<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.
10
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-B3 Certificate
Principal Balance:
Class 1-B3 $2,505,500
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NEA8
November 25, 1997
11
<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 1-B3 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described
12
<PAGE>
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 1997-9, issued in forty-five Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11,
Class 1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 1-S, Class R, Class RL, Class
2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6,
Class 2-A7, Class 2-A8, Class 2-A9, Class 2-A10, Class 2-PO,
Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4, Class
2-B5 and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates. In addition, certain losses on the Mortgage
Loans in respect of Pool 1 resulting from defaults by Mortgagors
will be borne by the Holders of the Class 1-A10 Certificates
before such losses will be borne by the Holders of the Class
1-A11 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by
13
<PAGE>
the Holders of the Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3,
Class 2-B4 and Class 2-B5 Certificates before such losses will be
borne by the Holders of the other Classes of the Pool 2
Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
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 1-A10, Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class
2-B1, Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-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
14
<PAGE>
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 1-A10, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3,
Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4 or Class 2-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 or Class RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R or Class RL Certificate or
(y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class R or Class RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
15
<PAGE>
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates 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
16
<PAGE>
entitled to any benefit under the Agreement or be valid for any
purpose.
17
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:_________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_________________________________________________________________
_________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
Dated:___________________
_______________________________________
Signature by or on behalf of assignor
__________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
2
<PAGE>
3
<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 Securities Act of 1933, as amended) and acknowledges that it
has
4
<PAGE>
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)
5
<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.
6
<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.
7
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-B4 Certificate
Principal Balance:
Class 1-B4 $751,700
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NEB6
November 25, 1997
8
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B4 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on this
9
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
10
<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.
11
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-B5 Certificate
Principal Balance:
Class 1-B5 $1,755,231.20
Certificate Interest Initial Certificate Principal
Rate per annum: 7.25% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NEC4
November 25, 1997
12
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B5 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on this
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
13
<PAGE>
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.
14
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A1 Certificate
Principal Balance:
Class 2-A1 $35,074,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDK7
November 25, 1997
15
<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 2-A1 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described
16
<PAGE>
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 1997-9, issued in forty-five Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11,
Class 1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 1-S, Class R, Class RL, Class
2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6,
Class 2-A7, Class 2-A8, Class 2-A9, Class 2-A10, Class 2-PO,
Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4, Class
2-B5 and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates. In addition, certain losses on the Mortgage
Loans in respect of Pool 1 resulting from defaults by Mortgagors
will be borne by the Holders of the Class 1-A10 Certificates
before such losses will be borne by the Holders of the Class
1-A11 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by
17
<PAGE>
the Holders of the Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3,
Class 2-B4 and Class 2-B5 Certificates before such losses will be
borne by the Holders of the other Classes of the Pool 2
Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
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 1-A10, Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class
2-B1, Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-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
18
<PAGE>
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 1-A10, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3,
Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4 or Class 2-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 or Class RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R or Class RL Certificate or
(y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class R or Class RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
19
<PAGE>
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates 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
20
<PAGE>
entitled to any benefit under the Agreement or be valid for any
purpose.
21
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_____________________________
Name:
Title:
Countersigned:
By________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_________________________________________________________________
_________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
Dated:__________________
_________________________________________
Signature by or on behalf of assignor
_____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
2
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
3
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A2 Certificate
Principal Balance:
Class 2-A2 $17,537,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDL5
November 25, 1997
4
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A2 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on this
5
<PAGE>
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.
6
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A3 Certificate
Principal Balance:
Class 2-A3 $81,565,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDM3
November 25, 1997
7
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A3 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on this
8
<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.
9
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A4 Certificate
Principal Balance:
Class 2-A4 $21,156,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDN1
November 25, 1997
10
<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 2-A4 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 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
11
<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.
12
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A5 Certificate
Principal Balance:
Class 2-A5 $10,028,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDP6
November 25, 1997
13
<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 2-A5 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on this
14
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
15
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A6 Certificate
Principal Balance:
Class 2-A6 $20,000,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDQ4
November 25, 1997
16
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A6 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
17
<PAGE>
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.
18
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A7 Certificate
Principal Balance:
Class 2-A7 $109,427,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDR2
November 25, 1997
19
<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 2-A7 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 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
20
<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.
21
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A8 Certificate
Principal Balance:
Class 2-A8 $11,240,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDS0
November 25, 1997
22
<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 2-A8 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 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
23
<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.
24
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A9 Certificate
Principal Balance:
Class 2-A9 $14,561,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDT8
November 25, 1997
25
<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 2-A9 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 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
26
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
27
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A10 Certificate
Principal Balance:
Class 2-A10 $15,058,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDU5
November 25, 1997
28
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A10 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
29
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "ACT"). ANY RESALE OR TRANSFER OF THIS
CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE ACT MAY ONLY
BE MADE IN A TRANSACTION EXEMPT FROM THE REGISTRATION
REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH SECTION 5.02 OF
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
30
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-PO Certificate
Principal Balance:
Class 2-PO $179,492.61
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing $
Cut-off Date:
October 1, 1997
First Distribution Date:
November 25, 1997
31
<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 2-PO Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described
32
<PAGE>
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 1997-9, issued in forty-five Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11,
Class 1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 1-S, Class R, Class RL, Class
2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6,
Class 2-A7, Class 2-A8, Class 2-A9, Class 2-A10, Class 2-PO,
Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4, Class
2-B5 and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates. In addition, certain losses on the Mortgage
Loans in respect of Pool 1 resulting from defaults by Mortgagors
will be borne by the Holders of the Class 1-A10 Certificates
before such losses will be borne by the Holders of the Class
1-A11 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by
33
<PAGE>
the Holders of the Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3,
Class 2-B4 and Class 2-B5 Certificates before such losses will be
borne by the Holders of the other Classes of the Pool 2
Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
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 1-A10, Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class
2-B1, Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-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
34
<PAGE>
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 1-A10, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3,
Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4 or Class 2-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 or Class RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R or Class RL Certificate or
(y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class R or Class RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
35
<PAGE>
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates 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
36
<PAGE>
entitled to any benefit under the Agreement or be valid for any
purpose.
37
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:____________________________
Name:
Title:
Countersigned:
By________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:____________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_________________________________________________________________
_________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
Dated:___________________
_______________________________________
Signature by or on behalf of assignor
_____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
2
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
3
<PAGE>
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.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-M Certificate
Principal Balance:
Class 2-M $5,436,500
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDX9
November 25, 1997
4
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-M Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of two pools ("Pool 1" and "Pool
2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described
5
<PAGE>
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 1997-9, issued in forty-five Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11,
Class 1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 1-S, Class R, Class RL, Class
2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6,
Class 2-A7, Class 2-A8, Class 2-A9, Class 2-A10, Class 2-PO,
Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4, Class
2-B5 and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates. In addition, certain losses on the Mortgage
Loans in respect of Pool 1 resulting from defaults by Mortgagors
will be borne by the Holders of the Class 1-A10 Certificates
before such losses will be borne by the Holders of the Class
1-A11 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by
6
<PAGE>
the Holders of the Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3,
Class 2-B4 and Class 2-B5 Certificates before such losses will be
borne by the Holders of the other Classes of the Pool 2
Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
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 1-A10, Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class
2-B1, Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-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
7
<PAGE>
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 1-A10, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3,
Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4 or Class 2-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 or Class RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R or Class RL Certificate or
(y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class R or Class RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
8
<PAGE>
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates 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
9
<PAGE>
entitled to any benefit under the Agreement or be valid for any
purpose.
10
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By_________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_________________________________________________________________
_________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
Dated:______________________
_________________________________________
Signature by or on behalf of assignor
__________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
2
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
3
<PAGE>
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.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-B1 Certificate
Principal Balance:
Class 2-B1 $3,332,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDY7
November 25, 1997
4
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B1 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
5
<PAGE>
THIS CERTIFICATE 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.
6
<PAGE>
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.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-B2 Certificate
Principal Balance:
Class 2-B2 $2,630,500
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NDZ4
November 25, 1997
7
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B2 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on this
8
<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.
9
<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.
10
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-B3 Certificate
Principal Balance:
Class 2-B3 $1,753,500
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NED2
November 25, 1997
11
<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 2-B3 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described
12
<PAGE>
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 1997-9, issued in forty-five Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11,
Class 1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 1-S, Class R, Class RL, Class
2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6,
Class 2-A7, Class 2-A8, Class 2-A9, Class 2-A10, Class 2-PO,
Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4, Class
2-B5 and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates. In addition, certain losses on the Mortgage
Loans in respect of Pool 1 resulting from defaults by Mortgagors
will be borne by the Holders of the Class 1-A10 Certificates
before such losses will be borne by the Holders of the Class
1-A11 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by
13
<PAGE>
the Holders of the Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3,
Class 2-B4 and Class 2-B5 Certificates before such losses will be
borne by the Holders of the other Classes of the Pool 2
Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
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 1-A10, Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class
2-B1, Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-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
14
<PAGE>
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 1-A10, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3,
Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4 or Class 2-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 or Class RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R or Class RL Certificate or
(y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class R or Class RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
15
<PAGE>
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates 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
16
<PAGE>
entitled to any benefit under the Agreement or be valid for any
purpose.
17
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_____________________________
Name:
Title:
Countersigned:
By_________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_________________________________________________________________
_________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
Dated:___________________
________________________________________
Signature by or on behalf of assignor
_________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
2
<PAGE>
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by the
undersigned to a person whom the undersigned
reasonably believes is a "qualified
institutional buyer" (as defined in Rule 144A
under the Securities Act of 1933, as amended)
pursuant to the exemption from registration
under the Securities Act of 1933, as amended,
provided by Rule 144A thereunder.
|_| (b) This Certificate is being transferred by the
undersigned to an institutional "accredited
investor" (as defined in Rule 501(a)(1), (2),
(3) or (7) of Regulation D under the
Securities Act of 1933, as amended) and that
the undersigned has been advised by the
prospective purchaser that it intends to hold
this Certificate for investment and not for
distribution or resale.
Dated________________________ ________________________________
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the Securities Act of 1933, as amended) and acknowledges that it
has received such information as the undersigned has requested
3
<PAGE>
pursuant to Rule 144A or has determined not to request such
information and that it is aware that the registered holder is
relying upon the undersigned's foregoing representations in order
to claim the exemption from registration provided by Rule 144A,
and (ii) the undersigned (x) is not an employee benefit plan
subject to the Employee Retirement Income Security Act of 1974,
as amended, or a plan subject to Section 4975 of the Internal
Revenue Code of 1986, as amended, and is not using the assets of
any such employee benefit or other plan to acquire this
Certificate or (y) is an insurance company investing assets of
its general account and the exemptions provided by Section III(a)
of Department of Labor Prohibited Transaction Exemption 95-60, 60
Fed. Reg. 35925 (July 12, 1995), apply to the acquisition and
holding by the undersigned of this Certificate.
Dated________________________ ________________________________
(Signature)
TO BE COMPLETED BY PURCHASER IF (b) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
an institutional "accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities
Act of 1933, as amended), and (ii) the undersigned (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended, or a plan subject to Section
4975 of the Internal Revenue Code of 1986, as amended, and is not
using the assets of any such employee benefit or other plan to
acquire this Certificate or (y) is an insurance company investing
assets of its general account and the exemptions provided by
Section III(a) of Department of Labor Prohibited Transaction
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995), apply to the
acquisition and holding by the undersigned of this Certificate.
Dated________________________ ________________________________
(Signature)
4
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
5
<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.
6
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-B4 Certificate
Principal Balance:
Class 2-B4 $526,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NEE0
November 25, 1997
7
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B4 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
8
<PAGE>
THIS CERTIFICATE 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.
9
<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.
10
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-B5 Certificate
Principal Balance:
Class 2-B5 $1,228,160.75
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date: CUSIP: 36157NEF7
November 25, 1997
11
<PAGE>
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 2-B5 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 October 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 November 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
12
<PAGE>
PRINCIPAL WILL NOT BE DISTRIBUTABLE IN RESPECT OF THIS
CERTIFICATE. INTEREST IS CALCULATED ON THIS CERTIFICATE BASED ON
THE CLASS 2-S NOTIONAL PRINCIPAL BALANCE, WHICH, AS OF ANY
DISTRIBUTION DATE, IS EQUAL TO THE POOL SCHEDULED PRINCIPAL
BALANCE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN).
CONSEQUENTLY, THE NOTIONAL PRINCIPAL BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE
DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL
MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "ACT"). ANY RESALE OR TRANSFER OF THIS
CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE ACT MAY ONLY
BE MADE IN A TRANSACTION EXEMPT FROM THE REGISTRATION
REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH SECTION 5.02 OF
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
13
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-S Notional
Principal Balance:
Class 2-S $339,959,534.51
Certificate Interest Initial Notional Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
October 1, 1997
First Distribution Date:
November 25, 1997
14
<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 2-S Certificates, both as
specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of two pools ("Pool 1" and "Pool
2") 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 October 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 November 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
15
<PAGE>
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 1997-9, issued in forty-five Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11,
Class 1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 1-S, Class R, Class RL, Class
2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6,
Class 2-A7, Class 2-A8, Class 2-A9, Class 2-A10, Class 2-PO,
Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4, Class
2-B5 and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates. In addition, certain losses on the Mortgage
Loans in respect of Pool 1 resulting from defaults by Mortgagors
will be borne by the Holders of the Class 1-A10 Certificates
before such losses will be borne by the Holders of the Class
1-A11 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
16
<PAGE>
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the interests,
rights and limitations of rights, benefits, obligations and duties
evidenced hereby, and the rights, duties and immunities of the
Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
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 1-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
17
<PAGE>
holding of a Class 1-S Certificate by a Plan or a Person that is
purchasing or holding such Certificate with the assets of a Plan
will not constitute or result in a prohibited transaction under
ERISA or Section 4975.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
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
18
<PAGE>
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 Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates 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.
19
<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
POOL 1 PAC BALANCES TABLE
The PAC Balances set forth in the table below were
calculated on the basis of the Class Certificate Principal
Balances of the Pool 1 PAC Certificates set forth on the cover
hereof, and the other assumptions described in 'Yield and
Weighted Average Life Considerations--Weighted Average Lives of
the Certificates--PAC Certificates' in this Pool 1 Annex. If such
Class Certificate Principal Balances are increased or decreased
in accordance with the variance permitted hereby, the applicable
balances set forth in the table below will be increased or
decreased substantially correspondingly. In such event, the final
PAC Balances Table will be calculated on or about the Closing
Date on the basis of such revised Class Certificate Principal
Balances and on the basis of (1) the applicable Structuring Range
of the PAC Certificates and (2) the assumptions set forth in
clauses (i), (iv) through (viii), (x) and (xi) of the Pool 1
Modeling Assumptions. The final PAC Balances Table will be set
forth in the Agreement, which will be filed as an exhibit to the
Detailed Description.
Pool 1 PAC Balances
--------------------------------------------------
Distribution Date Class 1-A1 Class 1-A2 Class 1-A3
- ------------------ -------------- -------------- --------------
Initial Balance... $20,245,000.00 $16,190,000.00 $18,554,000.00
November 1997..... 19,996,244.25 16,190,000.00 18,554,000.00
December 1997..... 19,698,377.31 16,190,000.00 18,554,000.00
January 1998...... 19,351,663.45 16,190,000.00 18,554,000.00
February 1998..... 18,956,200.94 16,190,000.00 18,554,000.00
March 1998........ 18,512,113.39 16,190,000.00 18,554,000.00
April 1998........ 18,019,549.75 16,190,000.00 18,554,000.00
May 1998.......... 17,478,684.27 16,190,000.00 18,554,000.00
June 1998......... 16,889,716.46 16,190,000.00 18,554,000.00
July 1998......... 16,252,871.00 16,190,000.00 18,554,000.00
August 1998....... 15,568,397.63 16,190,000.00 18,554,000.00
September 1998.... 14,836,571.06 16,190,000.00 18,554,000.00
October 1998...... 14,057,690.81 16,190,000.00 18,554,000.00
November 1998..... 13,232,081.02 16,190,000.00 18,554,000.00
December 1998..... 12,360,090.34 16,190,000.00 18,554,000.00
January 1999...... 11,442,091.63 16,190,000.00 18,554,000.00
February 1999..... 10,478,481.81 16,190,000.00 18,554,000.00
March 1999........ 9,469,681.54 16,190,000.00 18,554,000.00
April 1999........ 8,416,135.04 16,190,000.00 18,554,000.00
May 1999.......... 7,318,309.69 16,190,000.00 18,554,000.00
June 1999......... 6,176,695.82 16,190,000.00 18,554,000.00
July 1999......... 4,991,806.31 16,190,000.00 18,554,000.00
August 1999....... 3,764,176.26 16,190,000.00 18,554,000.00
September 1999.... 2,494,362.64 16,190,000.00 18,554,000.00
October 1999...... 1,182,943.85 16,190,000.00 18,554,000.00
November 1999..... 0.00 16,020,519.37 18,554,000.00
December 1999..... 0.00 14,627,709.29 18,554,000.00
January 2000 0.00 13,195,153.88 18,554,000.00
February 2000..... 0.00 11,723,513.11 18,554,000.00
March 2000........ 0.00 10,213,466.20 18,554,000.00
April 2000........ 0.00 8,711,564.66 18,554,000.00
May 2000.......... 0.00 7,217,770.65 18,554,000.00
June 2000......... 0.00 5,732,046.58 18,554,000.00
Pool 1 PAC Balances
--------------------------------
Distribution Date Class 1-A4 Class 1-A5
- ------------------ -------------- --------------
Initial Balance... $14,167,000.00 $13,544,000.00
November 1997..... 14,167,000.00 13,544,000.00
December 1997..... 14,167,000.00 13,544,000.00
January 1998...... 14,167,000.00 13,544,000.00
February 1998..... 14,167,000.00 13,544,000.00
March 1998........ 14,167,000.00 13,544,000.00
April 1998........ 14,167,000.00 13,544,000.00
May 1998.......... 14,167,000.00 13,544,000.00
June 1998......... 14,167,000.00 13,544,000.00
July 1998......... 14,167,000.00 13,544,000.00
August 1998....... 14,167,000.00 13,544,000.00
September 1998.... 14,167,000.00 13,544,000.00
October 1998...... 14,167,000.00 13,544,000.00
November 1998..... 14,167,000.00 13,544,000.00
December 1998..... 14,167,000.00 13,544,000.00
January 1999...... 14,167,000.00 13,544,000.00
February 1999..... 14,167,000.00 13,544,000.00
March 1999........ 14,167,000.00 13,544,000.00
April 1999........ 14,167,000.00 13,544,000.00
May 1999.......... 14,167,000.00 13,544,000.00
June 1999......... 14,167,000.00 13,544,000.00
July 1999......... 14,167,000.00 13,544,000.00
August 1999....... 14,167,000.00 13,544,000.00
September 1999.... 14,167,000.00 13,544,000.00
October 1999...... 14,167,000.00 13,544,000.00
November 1999..... 14,167,000.00 13,544,000.00
December 1999..... 14,167,000.00 13,544,000.00
January 2000 14,167,000.00 13,544,000.00
February 2000..... 14,167,000.00 13,544,000.00
March 2000........ 14,167,000.00 13,544,000.00
April 2000........ 14,167,000.00 13,544,000.00
May 2000.......... 14,167,000.00 13,544,000.00
June 2000......... 14,167,000.00 13,544,000.00
A1-31
<PAGE>
Pool 1 PAC Balances
--------------------------------------------------
Distribution Date Class 1-A1 Class 1-A2 Class 1-A3
- ------------------ -------------- -------------- --------------
July 2000......... $ 0.00 $ 4,254,355.07 $18,554,000.00
August 2000....... 0.00 2,784,658.95 18,554,000.00
September 2000.... 0.00 1,322,921.29 18,554,000.00
October 2000...... 0.00 0.00 18,423,105.36
November 2000..... 0.00 0.00 16,977,174.67
December 2000..... 0.00 0.00 15,539,092.93
January 2001...... 0.00 0.00 14,108,824.07
February 2001..... 0.00 0.00 12,686,332.25
March 2001........ 0.00 0.00 11,271,581.83
April 2001........ 0.00 0.00 9,864,537.38
May 2001.......... 0.00 0.00 8,465,163.70
June 2001......... 0.00 0.00 7,073,425.79
July 2001......... 0.00 0.00 5,689,288.87
August 2001....... 0.00 0.00 4,312,718.36
September 2001.... 0.00 0.00 2,943,679.89
October 2001...... 0.00 0.00 1,582,139.31
November 2001..... 0.00 0.00 228,062.67
December 2001..... 0.00 0.00 0.00
January 2002...... 0.00 0.00 0.00
February 2002..... 0.00 0.00 0.00
March 2002........ 0.00 0.00 0.00
April 2002........ 0.00 0.00 0.00
May 2002.......... 0.00 0.00 0.00
June 2002......... 0.00 0.00 0.00
July 2002......... 0.00 0.00 0.00
August 2002....... 0.00 0.00 0.00
September 2002.... 0.00 0.00 0.00
October 2002...... 0.00 0.00 0.00
November 2002..... 0.00 0.00 0.00
December 2002..... 0.00 0.00 0.00
January 2003...... 0.00 0.00 0.00
February 2003..... 0.00 0.00 0.00
March 2003........ 0.00 0.00 0.00
April 2003........ 0.00 0.00 0.00
May 2003.......... 0.00 0.00 0.00
June 2003......... 0.00 0.00 0.00
July 2003......... 0.00 0.00 0.00
August 2003....... 0.00 0.00 0.00
September 2003.... 0.00 0.00 0.00
October 2003...... 0.00 0.00 0.00
Pool 1 PAC Balances
--------------------------------
Distribution Date Class 1-A4 Class 1-A5
- ------------------ -------------- --------------
July 2000......... $14,167,000.00 $13,544,000.00
August 2000....... 14,167,000.00 13,544,000.00
September 2000.... 14,167,000.00 13,544,000.00
October 2000...... 14,167,000.00 13,544,000.00
November 2000..... 14,167,000.00 13,544,000.00
December 2000..... 14,167,000.00 13,544,000.00
January 2001...... 14,167,000.00 13,544,000.00
February 2001..... 14,167,000.00 13,544,000.00
March 2001........ 14,167,000.00 13,544,000.00
April 2001........ 14,167,000.00 13,544,000.00
May 2001.......... 14,167,000.00 13,544,000.00
June 2001......... 14,167,000.00 13,544,000.00
July 2001......... 14,167,000.00 13,544,000.00
August 2001....... 14,167,000.00 13,544,000.00
September 2001.... 14,167,000.00 13,544,000.00
October 2001...... 14,167,000.00 13,544,000.00
November 2001..... 14,167,000.00 13,544,000.00
December 2001..... 13,048,416.23 13,544,000.00
January 2002...... 11,709,166.45 13,544,000.00
February 2002..... 10,377,280.01 13,544,000.00
March 2002........ 9,052,723.77 13,544,000.00
April 2002........ 7,735,464.82 13,544,000.00
May 2002.......... 6,425,470.44 13,544,000.00
June 2002......... 5,122,708.10 13,544,000.00
July 2002......... 3,827,145.50 13,544,000.00
August 2002....... 2,538,750.52 13,544,000.00
September 2002.... 1,257,491.23 13,544,000.00
October 2002...... 0.00 13,527,335.93
November 2002..... 0.00 12,362,068.61
December 2002..... 0.00 11,203,461.17
January 2003...... 0.00 10,051,481.03
February 2003..... 0.00 8,906,095.81
March 2003........ 0.00 7,767,273.32
April 2003........ 0.00 6,634,981.52
May 2003.......... 0.00 5,509,188.59
June 2003......... 0.00 4,389,862.86
July 2003......... 0.00 3,276,972.84
August 2003....... 0.00 2,170,487.23
September 2003.... 0.00 1,070,374.88
October 2003...... 0.00 0.00
A1-32
<PAGE>
POOL 1 TAC BALANCES TABLE
The TAC Balances set forth in the table below were
calculated on the basis of the Class Certificate Principal
Balances of the Pool 1 TAC Certificates set forth on the cover
hereof and the Component Principal Balances of the Class 1-A11C
TAC Accrual Component set forth in 'Description of the
Certificates--Distribution on the Pool 1 Certificates--Interest'
in this Pool 1 Annex, and a constant prepayment rate of 250% of
the Prepayment Assumption, in the case of the Class 1-A6
Certificates and Class 1-A11C TAC Accrual Component, and 225%, in
the case of the Class 1-A14 Certificates (either, the 'TAC
Prepayment Assumption'). If such Class Certificate or Component
Principal Balances are increased or decreased in accordance with
the variance permitted hereby the applicable balances set forth
in the table below will be increased or decreased substantially
correspondingly. In such event, the final Pool 1 TAC Balances
Table will be calculated on or about the Closing Date on the
basis of such revised Class Certificate and Component Principal
Balances and on the basis of (1) the applicable TAC Prepayment
Assumption and (2) the assumptions set forth in clauses (i), (iv)
through (viii), (x) and (xi) of the Pool 1 Modeling Assumptions.
TAC Balances
-----------------------------------------------------
Class 1-A11C
TAC
Accrual
Distribution Date Class 1-A6 Component Class 1-A14
- ------------------ --------------- --------------- ---------------
Initial Balance... $ 76,620,000.00 $ 52,380,000.00 $ 42,235,000.00
November 1997..... 76,119,650.26 52,685,550.00 42,129,152.62
December 1997..... 75,543,760.96 52,992,882.38 41,993,568.00
January 1998...... 74,892,346.29 53,302,007.52 41,828,273.41
February 1998..... 74,165,548.73 53,612,935.90 41,633,330.06
March 1998........ 73,363,641.35 53,925,678.03 41,408,833.28
April 1998........ 72,487,028.24 54,240,244.48 41,154,912.57
May 1998.......... 71,536,244.72 54,556,645.91 40,871,731.62
June 1998......... 70,511,957.17 54,874,893.01 40,559,488.29
July 1998......... 69,414,962.65 55,194,996.55 40,218,414.46
August 1998....... 68,246,188.08 55,516,967.36 39,848,775.87
September 1998.... 67,006,689.22 55,840,816.34 39,450,871.88
October 1998...... 65,697,649.28 56,166,554.44 39,025,035.14
November 1998..... 64,320,377.22 56,494,192.67 38,571,631.23
December 1998..... 62,876,305.74 56,823,742.13 38,091,058.22
January 1999...... 61,366,989.01 57,155,213.96 37,583,746.15
February 1999..... 59,794,100.00 57,488,619.37 37,050,156.47
March 1999........ 58,159,427.57 57,823,969.65 36,490,781.40
April 1999........ 56,464,873.27 58,161,276.14 35,906,143.23
May 1999.......... 54,712,447.84 58,500,550.25 35,296,793.58
June 1999......... 52,904,267.39 58,841,803.46 34,663,312.55
July 1999......... 51,042,549.34 59,185,047.31 34,006,307.87
August 1999....... 49,129,608.13 59,530,293.42 33,326,413.97
September 1999.... 47,167,850.58 59,877,553.47 32,624,290.97
October 1999...... 45,159,771.11 60,226,839.20 31,900,623.65
November 1999..... 43,107,946.63 60,578,162.43 31,156,120.35
December 1999..... 41,015,031.31 60,931.535.04 30,391,511.87
January 2000...... 38,883,751.04 61,286,968.99 29,607,550.21
February 2000..... 36,716,897.79 61,644,476.31 28,805,007.42
A1-33
<PAGE>
TAC Balances
-----------------------------------------------------
Class 1-A11C
TAC
Accrual
Distribution Date Class 1-A6 Component Class 1-A14
- ------------------ --------------- --------------- ---------------
March 2000........ $ 34,517,323.75 $ 62,004,069.09 $ 27,984,674.28
April 2000........ 32,354,077.35 62,365,759.49 27,174,673.81
May 2000.......... 30,226,549.47 62,729,559.76 26,374,881.32
June 2000......... 28,134,139.32 63,095,482.19 25,585,173.67
July 2000......... 26,076,254.32 63,463,539.17 24,805,429.20
August 2000....... 24,052,309.99 63,833,743.15 24,035,527.71
September 2000.... 22,061,729.82 64,206,106.65 23,275,350.49
October 2000...... 20,103,945.18 64,580,642.27 22,524,780.25
November 2000..... 18,178,395.21 64,957,362.69 21,783,701.15
December 2000..... 16,284,526.69 65,336,280.63 21,051,998.73
January 2001...... 14,421,793.96 65,717,408.94 20,329,559.95
February 2001..... 12,589,658.79 66,100,760.49 19,616,273.12
March 2001........ 10,787,590.29 66,486,348.26 18,912,027.92
April 2001........ 9,015,064.83 66,874,185.29 18,216,715.37
May 2001.......... 7,271,565.87 67,264,284.71 17,530,227.83
June 2001......... 5,556,583.95 67,656,659.70 16,852,458.95
July 2001......... 3,869,616.51 68,051,323.55 16,183,303.67
August 2001....... 2,210,167.85 68,448,289.60 15,522,658.24
September 2001.... 577,749.01 68,847,571.29 14,870,420.14
October 2001...... 0.00 68,221,059.81 14,226,488.12
November 2001..... 0.00 67,045,213.80 13,590,762.14
December 2001..... 0.00 65,897,326.65 12,963,143.42
January 2002...... 0.00 64,776,949.18 12,343,534.33
February 2002..... 0.00 63,683,638.59 11,731,838.48
March 2002........ 0.00 62,616,958.34 11,127,960.61
April 2002........ 0.00 61,576,478.10 10,531,806.66
May 2002.......... 0.00 60,561,773.63 9,943,283.70
June 2002......... 0.00 59,572,426.70 9,362,299.91
July 2002......... 0.00 58,608,025.03 8,788,764.64
August 2002....... 0.00 57,668,162.21 8,222,588.31
September 2002.... 0.00 56,752,437.57 7,663,682.44
October 2002...... 0.00 55,860,456.15 7,111,959.62
November 2002..... 0.00 55,158,400.14 6,605,376.87
December 2002..... 0.00 54,478,022.18 6,105,584.79
January 2003...... 0.00 53,818,947.51 5,612,499.28
February 2003..... 0.00 53,180,806.76 5,126,037.24
March 2003........ 0.00 52,563,235.81 4,646,116.60
April 2003........ 0.00 51,965,875.77 4,172,656.29
May 2003.......... 0.00 51,388,372.90 3,705,576.22
June 2003......... 0.00 50,830,378.49 3,244,797.27
July 2003......... 0.00 50,291,548.86 2,790,241.30
August 2003....... 0.00 49,771,545.25 2,341,831.11
A1-34
<PAGE>
TAC Balances
-----------------------------------------------------
Class 1-A11C
TAC
Accrual
Distribution Date Class 1-A6 Component Class 1-A14
- ------------------ --------------- --------------- ---------------
September 2003.... $ 0.00 $ 49,270,033.75 $ 1,899,490.43
October 2003...... 0.00 48,763,290.08 1,463,143.95
November 2003..... 0.00 47,294,378.27 1,044,694.23
December 2003..... 0.00 45,848,272.60 631,961.26
January 2004...... 0.00 44,424,634.01 224,873.15
February 2004..... 0.00 43,023,128.08 0.00
March 2004........ 0.00 41,643,424.98 0.00
April 2004........ 0.00 40,285,199.44 0.00
May 2004.......... 0.00 38,948,130.63 0.00
June 2004......... 0.00 37,631,902.13 0.00
July 2004......... 0.00 36,336,201.88 0.00
August 2004....... 0.00 35,060,722.11 0.00
September 2004.... 0.00 33,805,159.26 0.00
October 2004...... 0.00 32,569,213.96 0.00
November 2004..... 0.00 31,507,796.46 0.00
December 2004..... 0.00 30,462,913.29 0.00
January 2005...... 0.00 29,434,302.84 0.00
February 2005..... 0.00 28,421,707.23 0.00
March 2005........ 0.00 27,424,872.23 0.00
April 2005........ 0.00 26,443,547.22 0.00
May 2005.......... 0.00 25,477,485.13 0.00
June 2005......... 0.00 24,526,442.41 0.00
July 2005......... 0.00 23,590,178.95 0.00
August 2005....... 0.00 22,668,458.06 0.00
September 2005.... 0.00 21,761,046.40 0.00
October 2005...... 0.00 20,867,713.95 0.00
November 2005..... 0.00 20,126,733.12 0.00
December 2005..... 0.00 19,396,372.75 0.00
January 2006...... 0.00 18,676,456.97 0.00
February 2006..... 0.00 17,966,812.48 0.00
March 2006........ 0.00 17,267,268.51 0.00
April 2006........ 0.00 16,577,656.76 0.00
May 2006.......... 0.00 15,897,811.39 0.00
June 2006......... 0.00 15,227,568.95 0.00
July 2006......... 0.00 14,566,768.38 0.00
August 2006....... 0.00 13,915,250.96 0.00
September 2006.... 0.00 13,272,860.28 0.00
October 2006...... 0.00 12,639,442.19 0.00
November 2006..... 0.00 12,134,272.95 0.00
December 2006..... 0.00 11,634,503.93 0.00
January 2007...... 0.00 11,140,050.42 0.00
February 2007..... 0.00 10,650,828.82 0.00
A1-35
<PAGE>
TAC Balances
-----------------------------------------------------
Class 1-A11C
TAC
Accrual
Distribution Date Class 1-A6 Component Class 1-A14
- ------------------ --------------- --------------- ---------------
March 2007........ $ 0.00 $ 10,166,756.61 $ 0.00
April 2007........ 0.00 9,687,752.33 0.00
May 2007.......... 0.00 9,213,735.59 0.00
June 2007......... 0.00 8,744,627.01 0.00
July 2007......... 0.00 8,280,348.25 0.00
August 2007....... 0.00 7,820,821.98 0.00
September 2007.... 0.00 7,365,971.86 0.00
October 2007...... 0.00 6,915,722.52 0.00
November 2007..... 0.00 6,469,999.57 0.00
December 2007..... 0.00 6,028,729.57 0.00
January 2008...... 0.00 5,591,840.02 0.00
February 2008..... 0.00 5,159,259.35 0.00
March 2008........ 0.00 4,730,916.89 0.00
April 2008........ 0.00 4,306,742.89 0.00
May 2008.......... 0.00 3,886,668.48 0.00
June 2008......... 0.00 3,470,625.67 0.00
July 2008......... 0.00 3,058,547.32 0.00
August 2008....... 0.00 2,650,367.16 0.00
September 2008.... 0.00 2,246,019.76 0.00
October 2008...... 0.00 1,845,440.49 0.00
November 2008..... 0.00 1,448,565.58 0.00
December 2008..... 0.00 1,055,332.03 0.00
January 2009...... 0.00 665,677.64 0.00
February 2009..... 0.00 279,541.02 0.00
March 2009........ 0.00 0.00 0.00
A1-36
<PAGE>
EXHIBIT C
MORTGAGE LOANS
[Each Mortgage Loan shall be identified by loan
number, address of the Mortgaged Property, name of the Mortgagor
and Mortgage Pool. 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.]
<PAGE>
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007557341 MORTGAGORS: FELICE PHILIP
FELICE LINDA
REGION CODE ADDRESS : 579 OAK HILL ROAD
00 CITY : MIDDLETOWN TWP
STATE/ZIP : NJ 07748
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,653.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/17
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007569213 MORTGAGORS: BIRD WENDELL
REGION CODE ADDRESS : 219 WEST PACES FERRY ROAD
00 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 241,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,741.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 66.95833
----------------------------------------------------------------
0 0007586332 MORTGAGORS: DEGNAN DONALD
DEGNAN CHERYL
REGION CODE ADDRESS : 1041 GLENDEVON DRIVE
00 CITY : AMBLER
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 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 : 78.55045
----------------------------------------------------------------
0 0007586621 MORTGAGORS: VO TUAN
REGION CODE ADDRESS : 3144 LANDESS AVENUE, UNIT A
00 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 97,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 96,928.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 757.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 70.10791
----------------------------------------------------------------
0 0007598055 MORTGAGORS: WHITCOMB DONALD
WHITCOMB DOROTHY
REGION CODE ADDRESS : 26490 PRESQUILE DRIVE NORTH
00 CITY : EASTON
STATE/ZIP : MD 21601
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 42.85714
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,162,250.00
P & I AMT: 8,814.98
UPB AMT: 1,159,323.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007601925 MORTGAGORS: WESTON JOHN
WESTON VANESSA
REGION CODE ADDRESS : 264 STUMP ROAD
00 CITY : MONTGOMERY
STATE/ZIP : PA 19454
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.35000
----------------------------------------------------------------
0 0007603459 MORTGAGORS: ZUCKER DOUGLAS
ZUCKER MARGO
REGION CODE ADDRESS : 55 BROOKSIDE DRIVE
00 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 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 : 67.20000
----------------------------------------------------------------
0 0007604788 MORTGAGORS: PHILLIPS, CREIGHTON
PHILLIPS SHEILA
REGION CODE ADDRESS : 6 TODD DRIVE
00 CITY : GLEN HEAD
STATE/ZIP : NY 11545
MORTGAGE AMOUNT : 231,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,914.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/17
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007608706 MORTGAGORS: SANTOSTEFANO SEBASTIANO
SANTOSTEFANO SUSAN
REGION CODE ADDRESS : 169 GROVE STREET
00 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 632,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 632,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,643.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 69.46213
----------------------------------------------------------------
0 0007608755 MORTGAGORS: TWINEM THOMAS
TWINEM CARITA
REGION CODE ADDRESS : 19670 WELLINGTON COURT
00 CITY : BROOKFIELD
STATE/ZIP : WI 53045
MORTGAGE AMOUNT : 296,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,046.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.70588
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,662,050.00
P & I AMT: 12,302.21
UPB AMT: 1,661,846.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007608896 MORTGAGORS: SAVAGE TRACIE
REGION CODE ADDRESS : 4572 VARNA STREET
00 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 329,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,843.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,361.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007610694 MORTGAGORS: GOLDMAN MARK
GOLDMAN JAN
REGION CODE ADDRESS : 3737 SUNRIDGE DRIVE
00 CITY : PARK CITY
STATE/ZIP : UT 84098
MORTGAGE AMOUNT : 271,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,050.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,941.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.44200
----------------------------------------------------------------
0 0007611189 MORTGAGORS: WOLFE RANDALL
WOLFE NANCY
REGION CODE ADDRESS : 381 DAROCA AVENUE
00 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 267,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.62318
----------------------------------------------------------------
0 0007611395 MORTGAGORS: STROM LOUIS
REGION CODE ADDRESS : 606 VANDERBILT AVENUE
00 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23451
MORTGAGE AMOUNT : 313,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,978.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,243.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.00000
----------------------------------------------------------------
0 0007612039 MORTGAGORS: RUNYON GARY
REGION CODE ADDRESS : 1670 ALTA OAKS DRIVE
00 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 233,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.51315
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,415,400.00
P & I AMT: 10,119.98
UPB AMT: 1,414,422.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007612310 MORTGAGORS: SEMANS ROBERT
SEMANS BARBARA
REGION CODE ADDRESS : 231 SURF BIRD ISLE
00 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 379,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,682.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.59223
----------------------------------------------------------------
0 0007612468 MORTGAGORS: JOHNSON GREGORY
POSTWEILER JULIE
REGION CODE ADDRESS : 2935 HARTZELL STREET
00 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007612492 MORTGAGORS: FERUGLIO PETER
LUCAS DIANE
REGION CODE ADDRESS : 42 BOYLSTON AVENUE
00 CITY : PROVIDENCE
STATE/ZIP : RI 02906
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 93.06100
----------------------------------------------------------------
0 0007612542 MORTGAGORS: BURYK WILLIAM
BURYK ALEXIS
REGION CODE ADDRESS : 8 LONG POND ROAD
00 CITY : WACCABUC
STATE/ZIP : NY 10597
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.33587
----------------------------------------------------------------
0 0007612732 MORTGAGORS: CRAWFORD MICHAEL
CRAWFORD CYNTHIA
REGION CODE ADDRESS : 8471 CORNETT'S COVE
00 CITY : MAINEVILLE
STATE/ZIP : OH 45039
MORTGAGE AMOUNT : 244,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,739.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.75806
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,617,550.00
P & I AMT: 11,574.70
UPB AMT: 1,617,139.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007612880 MORTGAGORS: ESLER RICHARD
ESLER CONSTANCE
REGION CODE ADDRESS : 3627 AMITY ROAD
00 CITY : HILLIARD
STATE/ZIP : OH 43026
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.43100
----------------------------------------------------------------
0 0007612930 MORTGAGORS: SCHONINGER SAMUEL
SCHONINGER BEVERLY
REGION CODE ADDRESS : 30 ELM AVENUE
00 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80906
MORTGAGE AMOUNT : 640,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 640,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,529.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007613177 MORTGAGORS: SUN RUSSELL
SUN NANCY
REGION CODE ADDRESS : 1183 CHESHIRE CIRCLE
00 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,777.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,172.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.31914
----------------------------------------------------------------
0 0007613193 MORTGAGORS: RITTWEGER EDWARD
RITTWEGER PATRICIA
REGION CODE ADDRESS : 208 MADISON AVENUE
00 CITY : SPRING LAKE
STATE/ZIP : NJ 07762
MORTGAGE AMOUNT : 520,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 520,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,683.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.35000
----------------------------------------------------------------
0 0007613367 MORTGAGORS: PATEL ASHOK
REGION CODE ADDRESS : 3883 PURCHASE STREET
00 CITY : PURCHASE
STATE/ZIP : NY 10577
MORTGAGE AMOUNT : 501,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 501,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,548.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 50.14000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,368,850.00
P & I AMT: 16,766.59
UPB AMT: 2,368,627.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007613615 MORTGAGORS: NIM HARRY
NIM JEANNE
REGION CODE ADDRESS : 5225 VISTA MONTANA
00 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,000.00 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 : 79.46666
----------------------------------------------------------------
0 0007614175 MORTGAGORS: KELMAN TODD
REGION CODE ADDRESS : 423 N GLADSTONE AVENUE
00 CITY : MARGATE
STATE/ZIP : NJ 08402
MORTGAGE AMOUNT : 233,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/17
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.83974
----------------------------------------------------------------
0 0007614241 MORTGAGORS: WIGGINS RUSSELL
WIGGINS CATHY
REGION CODE ADDRESS : 820 NOLSTEAD COURT
00 CITY : RALEIGH
STATE/ZIP : NC 27614
MORTGAGE AMOUNT : 232,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,645.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.59580
----------------------------------------------------------------
0 0007614365 MORTGAGORS: ZITWER RICHARD
ZITWER MAURA
REGION CODE ADDRESS : 2055 LEEDOM'S DRIVE
00 CITY : LOWER MAKEFIELD
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 273,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,935.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.94400
----------------------------------------------------------------
0 0007615057 MORTGAGORS: HAZARD LAWRENCE
HAZARD LUCILLE
REGION CODE ADDRESS : 12 DIANNE COURT
00 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 48.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,337,350.00
P & I AMT: 9,711.95
UPB AMT: 1,337,350.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007615248 MORTGAGORS: PARKER EDDIE
PARKER BECKY
REGION CODE ADDRESS : 2308 NIELSEN STREET
00 CITY : EL CAJON
STATE/ZIP : CA 92020
MORTGAGE AMOUNT : 241,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.59259
----------------------------------------------------------------
0 0007616030 MORTGAGORS: HEINZ EDWARD
HEINZ KRISTINA
REGION CODE ADDRESS : 1630 SONNY'S WAY
00 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.56675
----------------------------------------------------------------
0 0007616212 MORTGAGORS: CHALLONER JON
CHALLONER MEREDITH
REGION CODE ADDRESS : 32 MOUNTAIRE COURT
00 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 274,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.20600
----------------------------------------------------------------
0 0007616378 MORTGAGORS: KASER STEVEN
KASER TONI
REGION CODE ADDRESS : 316 RED FOX CIRCLE
00 CITY : ASHEVILLE
STATE/ZIP : NC 28803
MORTGAGE AMOUNT : 232,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.45000
----------------------------------------------------------------
0 0007616584 MORTGAGORS: JAMES BARRY
JAMES LORETTA
REGION CODE ADDRESS : 9 SWEETBRIAR LANE
00 CITY : TOWNSHIP OF THORNBURY
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 378,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,681.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.06940
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,427,750.00
P & I AMT: 10,105.55
UPB AMT: 1,427,750.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007616683 MORTGAGORS: MC KINNON JAMES
MC KINNON MICHELE
REGION CODE ADDRESS : 12 PARTRIDGE HILL FARMS
00 CITY : RICHMOND
STATE/ZIP : VA 23233
MORTGAGE AMOUNT : 373,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,642.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.78846
----------------------------------------------------------------
0 0007616691 MORTGAGORS: VIGIL HOLLY
HULL WILLIAM
REGION CODE ADDRESS : 1901 VENUS DRIVE
00 CITY : FLAGSTAFF
STATE/ZIP : AZ 86001
MORTGAGE AMOUNT : 378,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,679.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 41.60439
----------------------------------------------------------------
0 0007617699 MORTGAGORS: MUZIO ROBERT
MUZIO ROSEMARIE
REGION CODE ADDRESS : 170 MIRAMONTES AVENUE
00 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 358,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,536.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.98214
----------------------------------------------------------------
0 0007617962 MORTGAGORS: AJIROTUTU ADELEKE
AJIROTUTU WILMA
REGION CODE ADDRESS : 3222 PINKERTON DRIVE
00 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,825.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.33333
----------------------------------------------------------------
0 0007618283 MORTGAGORS: BRIDGEFORD DARRELL
BRIDGEFORD KRISTIN
REGION CODE ADDRESS : 561 LA VISTA ROAD
00 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,627,200.00
P & I AMT: 11,560.95
UPB AMT: 1,627,025.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007618705 MORTGAGORS: ROTH JOHN
ROTH EMMA
REGION CODE ADDRESS : 21450 JUNIPER ROAD
00 CITY : PERRIS
STATE/ZIP : CA 92570
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
0 0007618879 MORTGAGORS: KOSTYK EDWARD
REGION CODE ADDRESS : 123 ELMWOOD AVENUE
00 CITY : NARBERTH
STATE/ZIP : PA 19072
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,588.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/17
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007619406 MORTGAGORS: WILLIAMS MICHAEL
WILLIAMS PAMELA
REGION CODE ADDRESS : 223 OAK COURT
00 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 271,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,211.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/17
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.97058
----------------------------------------------------------------
0 0007619422 MORTGAGORS: HAAS DANIEL
HAAS CHERI
REGION CODE ADDRESS : 23 HARRISON STREET
00 CITY : DUXBURY
STATE/ZIP : MA 02332
MORTGAGE AMOUNT : 297,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,130.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.65217
----------------------------------------------------------------
0 0007619455 MORTGAGORS: GRUENERT HOLGER
GRUENERT MARY
REGION CODE ADDRESS : 107 LIBERTY STREET
00 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 220,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,578.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,280,100.00
P & I AMT: 9,592.33
UPB AMT: 1,279,688.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007619919 MORTGAGORS: DUNN GERALD
DUNN DONNA
REGION CODE ADDRESS : 226 BROAD ACRES ROAD
00 CITY : MONTGOMERY TWP.
STATE/ZIP : PA 19446
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.83871
----------------------------------------------------------------
0 0007621253 MORTGAGORS: MARTIN PHILLIP
MARTIN JASMIN
REGION CODE ADDRESS : 3873 WOODCREEK LANE
00 CITY : SAN JOSE
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 259,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.35526
----------------------------------------------------------------
0 0007621410 MORTGAGORS: WILKINSON ROBERT
REGION CODE ADDRESS : 13912 BERRINGTON COURT
00 CITY : SANTA ANA
STATE/ZIP : CA 92705
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.25619
----------------------------------------------------------------
0 0007624620 MORTGAGORS: COLLIER GORDON
REGION CODE ADDRESS : 16307 GREEN SHADE DRIVE
00 CITY : HOUSTON
STATE/ZIP : TX 77090
MORTGAGE AMOUNT : 13,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 13,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 92.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 23.63636
----------------------------------------------------------------
0 0007625718 MORTGAGORS: HOLEY BRETT
HOLEY SUSAN
REGION CODE ADDRESS : 319 RIVERSVILLE ROAD
00 CITY : GREENWICH
STATE/ZIP : CT 06830
MORTGAGE AMOUNT : 439,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,111.47 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: 1,160,350.00
P & I AMT: 8,232.91
UPB AMT: 1,160,350.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007626690 MORTGAGORS: RIORDAN KEVIN
RIORDAN CYNTHIA
REGION CODE ADDRESS : 7500 MASTERS DRIVE
00 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,048.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030584940 MORTGAGORS: GRAY BRIAN
GRAY PATRICIA
REGION CODE ADDRESS : 4806 SMITH GATE COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,808.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,098.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.66500
----------------------------------------------------------------
0 0030589519 MORTGAGORS: CALDICOTT ROBERT
CALDICOTT SUSAN
REGION CODE ADDRESS : LONG BOAT LANE
01 CITY : EAST HAMPTON
STATE/ZIP : NY 11937
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0030677397 MORTGAGORS: GIUFFRIDA ROBERT
GIUFFRIDA VICTORIA
REGION CODE ADDRESS : 58 RIDGEFIELD DRIVE
01 CITY : SHOREHAM
STATE/ZIP : NY 11786
MORTGAGE AMOUNT : 214,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,259.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,591.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030702369 MORTGAGORS: THATCHER BRUCE
TENNYSON RACHAEL
REGION CODE ADDRESS : 850 SKELP LEVEL ROAD
01 CITY : WEST CHESTER
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,891.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,126.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 54.42307
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,471,400.00
P & I AMT: 10,714.24
UPB AMT: 1,467,790.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030726194 MORTGAGORS: GRABER GORDON
GRABER HELEN
REGION CODE ADDRESS : 7 BRIARWOOD LANE
01 CITY : MENDHAM TOWNSHIP
STATE/ZIP : NJ 07926
MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 508,938.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,756.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030735096 MORTGAGORS: HERNANDEZ CHARITO
HERNANDEZ CORAZON
REGION CODE ADDRESS : 11 COUNTRY WOODS DRIVE
01 CITY : SOUTH BRUNSWICK
STATE/ZIP : NJ 08824
MORTGAGE AMOUNT : 257,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,415.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 89.80300
----------------------------------------------------------------
0 0030737803 MORTGAGORS: LEVY ANDREW
LEVY MARIE
REGION CODE ADDRESS : 23 ROC ETAM ROAD
01 CITY : RANDOLPH
STATE/ZIP : NJ 07869
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,363.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030749196 MORTGAGORS: CRONIN CHRISTOPHER
HOLMGREN MARY
REGION CODE ADDRESS : 2545 VIA ANITA
01 CITY : PALOS VERDES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,681.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,114.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030760094 MORTGAGORS: FRANKLIN THOMAS
FRANKLIN LAURA
REGION CODE ADDRESS : 4605 REMINGTON PARK DRIVE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 221,868.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,561.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,779,768.00
P & I AMT: 13,115.92
UPB AMT: 1,774,960.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030774319 MORTGAGORS: MABRA RONNIE
MABRA ELLEN
REGION CODE ADDRESS : 6455 PECAN HOLLOW LANE
01 CITY : BURLESON
STATE/ZIP : TX 76028
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,118.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,476.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030792170 MORTGAGORS: BENJAMIN SCOTT
BENJAMIN KATHLEEN
REGION CODE ADDRESS : 734 PEACH TREE DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,430.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.52700
----------------------------------------------------------------
0 0030795520 MORTGAGORS: STIFFLER JOHN
STIFFLER LISA
REGION CODE ADDRESS : 1509 SCOTT AVENUE
01 CITY : WINNETKA
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 374,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,736.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,679.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0030796973 MORTGAGORS: HICKS DAVID
HICKS KATHLEEN
REGION CODE ADDRESS : 3433 CAMINO ALEGRE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 306,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,376.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,224.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.97700
----------------------------------------------------------------
0 0030797542 MORTGAGORS: KOKINDA MICHAEL
KOKINDA CYNTHIA
REGION CODE ADDRESS : 4982 MEAD DRIVE
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 256,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,128.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 87.06167
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,524,600.00
P & I AMT: 11,009.04
UPB AMT: 1,520,788.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030798912 MORTGAGORS: LUCKENBACH SIDNEY
LUCKENBACH JULIE
REGION CODE ADDRESS : 14 NEW BOSTON COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,902.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030813943 MORTGAGORS: BROWN CHRISTIAN
BROWN JENNIFER
REGION CODE ADDRESS : 8605 SAMANTHA COURT
01 CITY : WAXHAW
STATE/ZIP : NC 28173
MORTGAGE AMOUNT : 261,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,605.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.83606
----------------------------------------------------------------
0 0030818157 MORTGAGORS: BANNING SCOTT
REGION CODE ADDRESS : LOT #20 WAIKI RANCH
01 CITY : KAMUELA
STATE/ZIP : HI 96743
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,607.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,118.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 62.03800
----------------------------------------------------------------
0 0030818348 MORTGAGORS: TOROSIAN PAUL
TOROSIAN JANIS
REGION CODE ADDRESS : 30 LENAPE COURT
01 CITY : MT LAUREL
STATE/ZIP : NJ 08054
MORTGAGE AMOUNT : 276,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,964.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,026.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0030818686 MORTGAGORS: SINGER MERLE
SINGER MYRA
REGION CODE ADDRESS : 919 SWEETWATER LANE
01 CITY : BOCA RATON
STATE/ZIP : FL 33431
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,229.52 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 : 74.37100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,625,950.00
P & I AMT: 11,946.89
UPB AMT: 1,622,310.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030822324 MORTGAGORS: ULLOA JOHN
ULLOA-RYERSON BARBARA
REGION CODE ADDRESS : 34901 CHESTNUT ST.
01 CITY : BURLINGTON
STATE/ZIP : WI 53105
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,249.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 06/01/17
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030823942 MORTGAGORS: AUDIBERT EDWARD
AUDIBERT DAWN
REGION CODE ADDRESS : 4622 BRIGHTWDOOD ROAD
01 CITY : OLNEY
STATE/ZIP : MD 20832
MORTGAGE AMOUNT : 257,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,477.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0030823967 MORTGAGORS: FRAHM RONALD
FRAHM DONNA
REGION CODE ADDRESS : 4906 WALLINGFORD PLACE
01 CITY : JEFFERSON
STATE/ZIP : MD 21755
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.91000
----------------------------------------------------------------
0 0030828412 MORTGAGORS: HILLIER MARTIN
HUDSON ELAINE
REGION CODE ADDRESS : 1471 W 3RD STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90731
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,402.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030833065 MORTGAGORS: KREMBERG M.
REGION CODE ADDRESS : 2109 BROADWAY,UNIT 1441 & 1454
01 CITY : NEW YORK
STATE/ZIP : NY 10023
MORTGAGE AMOUNT : 581,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,613.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,518.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,534,650.00
P & I AMT: 11,845.62
UPB AMT: 1,530,572.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030834311 MORTGAGORS: ROTHBERG ROBERT
PALMIERI CAROL
REGION CODE ADDRESS : 4355 ALDRICH LN. EXT.
01 CITY : MATTITUCK
STATE/ZIP : NY 11952
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,720.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,836.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.20000
----------------------------------------------------------------
0 0030838221 MORTGAGORS: KREINBERG KARL
KREINBERG GAIL
REGION CODE ADDRESS : 7 STALLION CIRCLE
01 CITY : UPPER HOLLAND
STATE/ZIP : PA 19053
MORTGAGE AMOUNT : 248,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,848.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.17600
----------------------------------------------------------------
0 0030838528 MORTGAGORS: GAMATERO-DEGALA CORAZON
SALON-GAMATERO ELEAZAR
REGION CODE ADDRESS : 3839 LIKINI STREET
01 CITY : HONOLULU
STATE/ZIP : HI 96818
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,016.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0030839732 MORTGAGORS: ROSENBERG MICHAEL
ROSENBERG LORI
REGION CODE ADDRESS : 9 SHERIDAN DRIVE
01 CITY : MILLBURN
STATE/ZIP : NJ 07041
MORTGAGE AMOUNT : 463,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 462,936.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,563.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030843338 MORTGAGORS: HOWARD NIGEL
HOWARD ANDREA
REGION CODE ADDRESS : 20 MAYHEW AVENUE
01 CITY : LARCHMONT
STATE/ZIP : NY 10538
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,278.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,612.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,738,700.00
P & I AMT: 12,761.39
UPB AMT: 1,735,800.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030843833 MORTGAGORS: SCAVONE ROBERT
SCAVONE EILEEN
REGION CODE ADDRESS : 860 OLD MILL ROAD
01 CITY : FRANKLIN LAKES
STATE/ZIP : NJ 07417
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,168.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,883.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 59.09000
----------------------------------------------------------------
0 0030845267 MORTGAGORS: PAGLIONE MICHAEL
PAGLIONE ALICIA
REGION CODE ADDRESS : 2 KENTWOOD COURT
01 CITY : BORDENTON
STATE/ZIP : NJ 08505
MORTGAGE AMOUNT : 242,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,124.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.99500
----------------------------------------------------------------
0 0030848048 MORTGAGORS: GRIPPI THOMAS
GRIPPI MARTA
REGION CODE ADDRESS : 44 BERRIAN ROAD
01 CITY : NEW ROCHELLE
STATE/ZIP : NY 10804
MORTGAGE AMOUNT : 234,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,214.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030849525 MORTGAGORS: LEUNG HOWARD
LEUNG LILY
REGION CODE ADDRESS : 2 PARKGROVE DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 393,582.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,317.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,887.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0030851240 MORTGAGORS: PETTI ANGELA
BECHT JUDITH
REGION CODE ADDRESS : 40 HILL STREET
01 CITY : WYCKOFF
STATE/ZIP : NJ 07481
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,500.00 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
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,768,282.00
P & I AMT: 13,150.22
UPB AMT: 1,766,325.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030851588 MORTGAGORS: MANNIX JOHN
MANNIX ANNE
REGION CODE ADDRESS : 232 NORTH MEACHAM AVENUE
01 CITY : PARK RIDGE
STATE/ZIP : IL 60068
MORTGAGE AMOUNT : 239,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,743.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 92.30400
----------------------------------------------------------------
0 0030853535 MORTGAGORS: LINEHAN MICHAEL
LINEHAN JEANNINE
REGION CODE ADDRESS : 15 HOLLAND TERRACE
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030856579 MORTGAGORS: SANDERS DENNIS
O'BRIEN MARY
REGION CODE ADDRESS : 3 ORDWAY SHORE ROAD
01 CITY : SHELBURNE
STATE/ZIP : VT 05482
MORTGAGE AMOUNT : 363,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,769.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,824.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030857015 MORTGAGORS: HURLEY PATRICK
HURLEY PAULA
REGION CODE ADDRESS : 2634 COUNTY ROAD 120 NE
01 CITY : ALEXANDRIA
STATE/ZIP : MN 56308
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,487.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030857981 MORTGAGORS: DUDEK MATTHEW
DUDEK HEIDI
REGION CODE ADDRESS : 2382 SANDPIPER AVENUE
01 CITY : LAFAYETTE
STATE/ZIP : CO 80026
MORTGAGE AMOUNT : 235,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,938.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,375,400.00
P & I AMT: 10,299.17
UPB AMT: 1,373,956.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030859227 MORTGAGORS: GLUCKIN HARVEY
CREMONA PAMELA
REGION CODE ADDRESS : 2850 LEE PLACE
01 CITY : BELLMORE
STATE/ZIP : NY 11710
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,335.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030859508 MORTGAGORS: AMBROSE GREGORY
AMBROSE CAROLYN
REGION CODE ADDRESS : 3 JOSEPH ROAD
01 CITY : SHREWSBURY
STATE/ZIP : MA 01545
MORTGAGE AMOUNT : 244,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,477.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0030860100 MORTGAGORS: VITTI EDWARD
REGION CODE ADDRESS : LOT 21,THE MASTERS,5406 OLD DUFFER
01 CITY : NAGS HEAD
STATE/ZIP : NC 27959
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 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 : 87.09600
----------------------------------------------------------------
0 0030860621 MORTGAGORS: DONATELLI GARY
DONATELLI DEBRA
REGION CODE ADDRESS : 1 ARROWHEAD TRAIL
01 CITY : RINGWOOD
STATE/ZIP : NJ 07456
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,577.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 64.28500
----------------------------------------------------------------
0 0030860886 MORTGAGORS: DIRAIMONDO BARRY
DIRAIMONDO MARY
REGION CODE ADDRESS : 26 CHAPEL DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 479,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,395.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,645.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,523,250.00
P & I AMT: 11,217.55
UPB AMT: 1,520,785.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030861629 MORTGAGORS: NELSON TIMOTHY
REGION CODE ADDRESS : 12350 UPPER HEATHER AVENUE
01 CITY : NORTH HUGO
STATE/ZIP : MN 55038
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,226.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0030861934 MORTGAGORS: PHILLIPS MATTHEW
PHILLIPS ARETEE
REGION CODE ADDRESS : 91 FARMINGTON ROAD
01 CITY : AMHERST
STATE/ZIP : NY 14221
MORTGAGE AMOUNT : 289,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,077.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030862254 MORTGAGORS: MATHIAS D.
MATHIAS LYNN
REGION CODE ADDRESS : 3800 TAYLOR STREET
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
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 : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.08163
----------------------------------------------------------------
0 0030863005 MORTGAGORS: SHAFIAN FARDISS
VAFAIE HALEH
REGION CODE ADDRESS : 11639 GREAT FALLS WAY
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 364,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,324.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,608.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.79300
----------------------------------------------------------------
0 0030863625 MORTGAGORS: SCHNEIDER ALAN
SCHNEIDER LOUISE
REGION CODE ADDRESS : 2811 ABBEY MANOR CIRCLE
01 CITY : BROOKVILLE
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,821.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,677,850.00
P & I AMT: 12,230.51
UPB AMT: 1,675,073.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030863823 MORTGAGORS: MAENNER GERALD
MAENNER DEBRE
REGION CODE ADDRESS : 1769 PEBBLEDASH DRIVE
01 CITY : HERSHEY
STATE/ZIP : PA 17033
MORTGAGE AMOUNT : 282,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,039.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,999.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
0 0030865612 MORTGAGORS: CHARETTE THOMAS
CHARETTE ANNETTE
REGION CODE ADDRESS : 167 FONDA ROAD
01 CITY : ROCKVILLE CENTRE
STATE/ZIP : NY 11510
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,663.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0030865729 MORTGAGORS: MANDERY CRAIG
REGION CODE ADDRESS : 6670 POINTE LAKE LUCY
01 CITY : CHANHASSEN
STATE/ZIP : MN 55617
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,822.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,192.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 65.89100
----------------------------------------------------------------
0 0030869143 MORTGAGORS: MESSERLE DARRELL
MESSERLE JUDITH
REGION CODE ADDRESS : 16 BOND STREET
01 CITY : HOPKINGTON
STATE/ZIP : MA 01748
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,847.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 06/01/17
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 71.00000
----------------------------------------------------------------
0 0030870505 MORTGAGORS: COMERCHERO HARRY
COMERCHERO SHERRY
REGION CODE ADDRESS : 114 KARA DRIVE
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01545
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,000.00 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
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,533,950.00
P & I AMT: 11,465.42
UPB AMT: 1,530,372.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030871768 MORTGAGORS: SMITH FREDERICK
SMITH HILLARY
REGION CODE ADDRESS : 119 CHARLESTOWN HUNT
01 CITY : PHOENIXVILLE
STATE/ZIP : PA 19460
MORTGAGE AMOUNT : 277,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,793.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,963.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.83000
----------------------------------------------------------------
0 0030872857 MORTGAGORS: CHEN MORGAN
CHEN JULIE
REGION CODE ADDRESS : 571 GREENWOOD AVENUE
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,254.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.26300
----------------------------------------------------------------
0 0030873020 MORTGAGORS: WEIL JEFFREY
WEIL LISA
REGION CODE ADDRESS : 33 VIRGINIA RIDGE ROAD
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 368,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,628.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,765.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030873814 MORTGAGORS: TUCCI WILLIAM
REGION CODE ADDRESS : 429 MIDDLE ROAD
01 CITY : BAYPORT
STATE/ZIP : NY 11705
MORTGAGE AMOUNT : 311,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,785.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030873947 MORTGAGORS: JOHNSTON GLENN
JOHNSTON TAMRA
REGION CODE ADDRESS : 10820 50TH PLACE NORTH
01 CITY : PLYMOUTH
STATE/ZIP : MN 55442
MORTGAGE AMOUNT : 295,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,471.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,601,850.00
P & I AMT: 11,634.27
UPB AMT: 1,598,933.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030874010 MORTGAGORS: MACALUSO VINCENT
MACALUSO DEB ANNE
REGION CODE ADDRESS : 41 MARINE WAY
01 CITY : AVALON
STATE/ZIP : NJ 08202
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,474.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030874077 MORTGAGORS: LEE SANG
LEE SEON
REGION CODE ADDRESS : 25338 NORTH GOLD RIDGE DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 355,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,892.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,547.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99397
----------------------------------------------------------------
0 0030874093 MORTGAGORS: ATTANASI LOUIS
ATTANASI KAREN
REGION CODE ADDRESS : 2503 LONG COVE COURT
01 CITY : MT PLEASANT
STATE/ZIP : SC 29464
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,578.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.55700
----------------------------------------------------------------
0 0030874176 MORTGAGORS: NELSON PAUL
NELSON CLAIRE
REGION CODE ADDRESS : 5321 TRUMPINGTON COURT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 296,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,858.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,071.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0030875991 MORTGAGORS: BLACKWELL DONALD
BLACKWELL PATRICIA
REGION CODE ADDRESS : 1352 THE WOODED KNOLL
01 CITY : WEST CHESTER
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,431.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,443.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98981
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,554,950.00
P & I AMT: 11,243.97
UPB AMT: 1,552,235.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030876064 MORTGAGORS: ALOIA THOMAS
ALOIA SUZANNE
REGION CODE ADDRESS : 12 MEADOW POINT DRIVE
01 CITY : BRICK
STATE/ZIP : NJ 08723
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.49300
----------------------------------------------------------------
0 0030876163 MORTGAGORS: MERIZALDE BERNARDO
MERIZALDE MINA
REGION CODE ADDRESS : 696 LINDSEY WAY
01 CITY : HORSHAM
STATE/ZIP : PA 19044
MORTGAGE AMOUNT : 359,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,928.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,544.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0030876494 MORTGAGORS: OH JOHN
OH HEEJONG
REGION CODE ADDRESS : 45 SNEIDER ROAD
01 CITY : WARREN
STATE/ZIP : NJ 07060
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,760.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 47.22200
----------------------------------------------------------------
0 0030876973 MORTGAGORS: MORFE MICHAEL
MORFE CARMEN
REGION CODE ADDRESS : 17 COLT CIRCLE
01 CITY : WEST WINDSOR
STATE/ZIP : NJ 08550
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,757.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,188.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 79.92200
----------------------------------------------------------------
0 0030877021 MORTGAGORS: SCHNAIDT JAMES
SCHNAIDT SANDRA
REGION CODE ADDRESS : 812 PUEBLO DRIVE
01 CITY : FRANKLIN LAKES
STATE/ZIP : NJ 07417
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,784.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.93500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,649,450.00
P & I AMT: 11,944.66
UPB AMT: 1,648,045.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030877047 MORTGAGORS: BROWN ROBERT
BROWN TRACEY
REGION CODE ADDRESS : 26 CONCORD ROAD
01 CITY : ACTON
STATE/ZIP : MA 01720
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,703.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030877237 MORTGAGORS: KENNEDY TIMOTHY
KENNEDY TEDDI
REGION CODE ADDRESS : 840 FAIRACRES ROAD
01 CITY : OMAHA
STATE/ZIP : NE 68132
MORTGAGE AMOUNT : 552,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 551,648.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,146.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030878342 MORTGAGORS: BUTTELMAN ANDREW
BUTTELMAN LISA
REGION CODE ADDRESS : 14 OLD FIELD LANE
01 CITY : MT. SINAI
STATE/ZIP : NY 11766
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,297.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030878433 MORTGAGORS: SOBIESKI MICHELE
REGION CODE ADDRESS : 4 EQUESTRIAN CIRCLE
01 CITY : HOCKESSIN
STATE/ZIP : DE 19707
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,647.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.30400
----------------------------------------------------------------
0 0030879027 MORTGAGORS: ARROYO CALIXTO
ARROYO EMILIA
REGION CODE ADDRESS : 717 S CLAREMONT AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60612
MORTGAGE AMOUNT : 290,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,294.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,081.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.38400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,681,000.00
P & I AMT: 12,421.40
UPB AMT: 1,678,590.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030879209 MORTGAGORS: BROWN DONALD
BROWN SHARON
REGION CODE ADDRESS : 8421 ASMARA DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78750
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,699.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,813.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030879274 MORTGAGORS: TAYLOR WILLIAM
TAYLOR SUZANNE
REGION CODE ADDRESS : 4307 STURBRIDGE DRIVE
01 CITY : SALISBURY
STATE/ZIP : MD 21801
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,629.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,850.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.73913
----------------------------------------------------------------
0 0030879670 MORTGAGORS: KOVEN LOUIS
KOVEN CAROLE
REGION CODE ADDRESS : 326 SPINMAKER WAY
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,473.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030879753 MORTGAGORS: LUDWIGSON ALBERT
DEVIVO-LUDWIGSON FRANCES
REGION CODE ADDRESS : 64-39 84TH STREET
01 CITY : MIDDLE VILLAGE
STATE/ZIP : NY 11379
MORTGAGE AMOUNT : 226,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,359.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030879787 MORTGAGORS: BALSAMO DANIEL
CASTRO KATHYA
REGION CODE ADDRESS : 63-19 84TH STREET
01 CITY : MIDDLE VILLAGE
STATE/ZIP : NY 11379
MORTGAGE AMOUNT : 266,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,345.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,245,600.00
P & I AMT: 9,161.09
UPB AMT: 1,243,506.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030879886 MORTGAGORS: ISHAR IQBAL
ISHAR GURJEET
REGION CODE ADDRESS : 23 LINCOLN ROAD
01 CITY : GREAT NECK
STATE/ZIP : NY 11021
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,558.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,591.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 87.34100
----------------------------------------------------------------
0 0030880249 MORTGAGORS: PETERS LISA
PETERS JEFFREY
REGION CODE ADDRESS : 52 SEARLE STREET
01 CITY : GEORGETOWN
STATE/ZIP : MA 01833
MORTGAGE AMOUNT : 269,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,614.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,956.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.96300
----------------------------------------------------------------
0 0030881122 MORTGAGORS: WARGO JEROME
WARGO GAIL
REGION CODE ADDRESS : 4706 KINSMON PLACE
01 CITY : MARIETTA
STATE/ZIP : GA 30062
MORTGAGE AMOUNT : 293,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,034.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.31000
----------------------------------------------------------------
0 0030881361 MORTGAGORS: MABALATAN JAMES
BI ANNABEL
REGION CODE ADDRESS : 4 LAUREL WAY
01 CITY : SEA CLIFF
STATE/ZIP : NY 11579
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,400.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030881536 MORTGAGORS: DEDMAN DAVID
DEDMAN JOAN
REGION CODE ADDRESS : 43393 DEEPSPRING COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 304,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,224.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,508,700.00
P & I AMT: 10,951.14
UPB AMT: 1,506,831.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030882542 MORTGAGORS: SWANSON PAUL
SWANSON SANDRA
REGION CODE ADDRESS : 7744 SOUTH GRAPE COURT
01 CITY : LITTLETON
STATE/ZIP : CO 80122
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,621.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
0 0030882559 MORTGAGORS: DELOFF EDWARD
DELOFF LYDIA
REGION CODE ADDRESS : 2055 BUCHANAN POINT
01 CITY : LAFAYETTE
STATE/ZIP : CO 80026
MORTGAGE AMOUNT : 390,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,286.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,901.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.42700
----------------------------------------------------------------
0 0030884860 MORTGAGORS: ROBERTS TED
ROBERTS WENDY
REGION CODE ADDRESS : 5330 BLUEGRASS PARKWAY
01 CITY : TUSCALOOSA
STATE/ZIP : AL 35406
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,557.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.43200
----------------------------------------------------------------
0 0030887400 MORTGAGORS: BAK MORAYMA
REGION CODE ADDRESS : 11715 TIFTON DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 283,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,737.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,126.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030887475 MORTGAGORS: HARMAN TORK
HARMAN SHEILA
REGION CODE ADDRESS : 4825 DEER VIEW RD NE
01 CITY : CEDAR RAPIDS
STATE/ZIP : IA 52411
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,759.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,535,900.00
P & I AMT: 11,367.85
UPB AMT: 1,533,963.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030888721 MORTGAGORS: PANIGEL ALLEN
REGION CODE ADDRESS : 1971 HOMECREST AVENUE
01 CITY : BROOKLYN
STATE/ZIP : NY 11229
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,781.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,569.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030890172 MORTGAGORS: INDICTOR SHIMON
INDICTOR INESSA
REGION CODE ADDRESS : 1600 FALMOUTH AVENUE
01 CITY : NEW HYDE PARK
STATE/ZIP : NY 11040
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,672.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,718.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.77200
----------------------------------------------------------------
0 0030890644 MORTGAGORS: KASPARIAN GLENN
SWEET TRACI-MARIE
REGION CODE ADDRESS : 18 EMPIRE STREET
01 CITY : SHREWESBURY
STATE/ZIP : MA 01545
MORTGAGE AMOUNT : 118,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 118,194.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 878.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030890867 MORTGAGORS: BESSETTE WILLIAM
BESSETTE DIANE
REGION CODE ADDRESS : 17 CORONET TERRACE
01 CITY : BURLINGTON
STATE/ZIP : NJ 08016
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,773.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.30700
----------------------------------------------------------------
0 0030891063 MORTGAGORS: GALLERY ROBERT
GALLERY JILL
REGION CODE ADDRESS : 62 WINDSOR ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,343.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,712.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,415,850.00
P & I AMT: 10,482.27
UPB AMT: 1,413,766.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030891832 MORTGAGORS: BLAKE EUGENE
BLAKE LINDA
REGION CODE ADDRESS : 8 SPRUCE CIRCLE
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,793.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,260.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.12100
----------------------------------------------------------------
0 0030893101 MORTGAGORS: NICHOLS TIMOTHY
NICHOLS LYNN
REGION CODE ADDRESS : 103 FLORAL STREET
01 CITY : NEWTON
STATE/ZIP : MA 02161
MORTGAGE AMOUNT : 309,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,193.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,298.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030893259 MORTGAGORS: SANDERSON STEVEN
SANDERSON PENNY
REGION CODE ADDRESS : 16205 39TH PLACE NORTH
01 CITY : NORTH PLYMOUTH
STATE/ZIP : MN 55446
MORTGAGE AMOUNT : 298,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,354.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,216.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0030893788 MORTGAGORS: ROMER DANIEL
ALLOY LAUREN
REGION CODE ADDRESS : 207 CORNELL DRIVE
01 CITY : BRYN MAWR
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,628.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030894067 MORTGAGORS: GOLUB STEVEN
GOLUB IVY
REGION CODE ADDRESS : 14 RADNOR ROAD
01 CITY : GREAT NECK
STATE/ZIP : NY 11023
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,731,150.00
P & I AMT: 12,555.55
UPB AMT: 1,729,753.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030894158 MORTGAGORS: RICHTER WALTER
RICHTER SUSAN
REGION CODE ADDRESS : 16 HARRISON COURT
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,576.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,298.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.22000
----------------------------------------------------------------
0 0030894208 MORTGAGORS: STEVENS CYNTHIA
KLEINER EDWARD
REGION CODE ADDRESS : 2303 PERILLA COURT
01 CITY : SANTE FE
STATE/ZIP : NM 87505
MORTGAGE AMOUNT : 276,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,868.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,003.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0030896021 MORTGAGORS: SONNIER WILLIAM
HERBERT DEBORAH
REGION CODE ADDRESS : 526 SEABOROUGH
01 CITY : LEAGUE CITY
STATE/ZIP : TX 77573
MORTGAGE AMOUNT : 229,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,841.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98800
----------------------------------------------------------------
0 0030896450 MORTGAGORS: LAMAY ROGER
BRADLEY MARGARET
REGION CODE ADDRESS : 8864 GERMANTOWN AVENUE
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19118
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,808.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030897391 MORTGAGORS: JENSEN GARY
JENSEN DENISE
REGION CODE ADDRESS : 6336 160TH PL SE
01 CITY : BELLEVUE
STATE/ZIP : WA 98006
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,666.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.72700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,847,400.00
P & I AMT: 13,297.47
UPB AMT: 1,845,761.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030897516 MORTGAGORS: DREVS RICHARD
DREVS MARGARET
REGION CODE ADDRESS : 4701 EAST RANCHO LAREDO DR.
01 CITY : CAVE CREEK
STATE/ZIP : AZ 85331
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,555.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.94800
----------------------------------------------------------------
0 0030898100 MORTGAGORS: KESSLER SCOTT
NOREN ANNIKA
REGION CODE ADDRESS : 5 HARVARD DRIVE
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,519.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,619.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.77600
----------------------------------------------------------------
0 0030898167 MORTGAGORS: PICCIONE JOHN
PICCIONE MARIA
REGION CODE ADDRESS : 1 MOORE CIRCLE
01 CITY : MEDIA
STATE/ZIP : PA 19063
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,565.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.97200
----------------------------------------------------------------
0 0030898589 MORTGAGORS: SOMMER SEYMOUR
SOMMER SUSAN
REGION CODE ADDRESS : 21150 POINT PLACE # 604
01 CITY : AVENTURA
STATE/ZIP : FL 33180
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 : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0030898654 MORTGAGORS: FASMAN KENNETH
FASMAN BOLTON JUDITH
REGION CODE ADDRESS : 25 GRAND AVE
01 CITY : NEWTON
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 364,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,255.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,588,500.00
P & I AMT: 11,574.62
UPB AMT: 1,586,424.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030899728 MORTGAGORS: VELLIOTIS ANGELO
VELLIOTIS CARMELA
REGION CODE ADDRESS : 6508 PONTIAC DRIVE
01 CITY : INDIAN HEAD PARK
STATE/ZIP : IL 60525
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,660.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.11700
----------------------------------------------------------------
0 0030899801 MORTGAGORS: PELLETIER JOHN
PELLETIER LEIGH
REGION CODE ADDRESS : 137 SHADE STREET
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.01200
----------------------------------------------------------------
0 0030899876 MORTGAGORS: YOUNG JIM
YOUNG ANNE
REGION CODE ADDRESS : 4532 RAINER DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,677.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030900088 MORTGAGORS: TIGHE KEVIN
TIGHE CAROLYN
REGION CODE ADDRESS : 20 76TH STREET
01 CITY : NORTH BERGEN
STATE/ZIP : NJ 07047
MORTGAGE AMOUNT : 225,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,037.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,593.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.98100
----------------------------------------------------------------
0 0030900351 MORTGAGORS: KOHL RICHARD
KOHL TERESA
REGION CODE ADDRESS : 72 STEVENS ROAD
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,780.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,312.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.80400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,354,200.00
P & I AMT: 9,782.18
UPB AMT: 1,352,928.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030901151 MORTGAGORS: FERBER KURT
FERBER AMY
REGION CODE ADDRESS : 7816 NORTHWEST BLUE POINTE LANE
01 CITY : PORTLAND
STATE/ZIP : OR 97229
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 : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.49400
----------------------------------------------------------------
0 0030901292 MORTGAGORS: GANNAWAY BYRON
GANNAWAY LORI
REGION CODE ADDRESS : 2604 BUNKER HILL DRIVE
01 CITY : MC KINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 296,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,744.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,193.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030901482 MORTGAGORS: MARCH JOHN
MARCH NANCY
REGION CODE ADDRESS : 6440 HUNTSMAN DRIVE
01 CITY : HARRISBURG
STATE/ZIP : PA 17111
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.66100
----------------------------------------------------------------
0 0030902662 MORTGAGORS: HARRIS G
HARRIS LAURA
REGION CODE ADDRESS : 206 COUNTRYSIDE LANE
01 CITY : RICHMOND
STATE/ZIP : VA 23229
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 574,594.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,119.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.26100
----------------------------------------------------------------
0 0030902688 MORTGAGORS: CALDERON FRANK
DELGADO VICTOR
REGION CODE ADDRESS : 2209 ALHAMBRA CIRCLE
01 CITY : CORAL GABLES
STATE/ZIP : FL 33134
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,803.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 49.58600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,771,400.00
P & I AMT: 12,910.94
UPB AMT: 1,769,480.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030902761 MORTGAGORS: BELGRAVE FAYE
REGION CODE ADDRESS : 10265 SHAWNS GROVE PLACE
01 CITY : MECHANICSVILLE
STATE/ZIP : VA 23111
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,837.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.24800
----------------------------------------------------------------
0 0030903041 MORTGAGORS: MINO WARREN
MINO PATRICIA
REGION CODE ADDRESS : 82 RIVERFORD RD.
01 CITY : BROOKFIELD
STATE/ZIP : CT 06804
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0030903694 MORTGAGORS: OLIFF REED
OLIFF BARBARA
REGION CODE ADDRESS : 1944 BEVERLY LANE
01 CITY : BUFFALO GROVE
STATE/ZIP : IL 60089
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.83400
----------------------------------------------------------------
0 0030903751 MORTGAGORS: BELL J.
BELL SANDRA
REGION CODE ADDRESS : 118 COUNTRY LANE
01 CITY : KATHLEEN
STATE/ZIP : GA 31047
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,519.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030903801 MORTGAGORS: STEWART THOMAS
STEWART JOANNA
REGION CODE ADDRESS : 8000-2 MIDLAND ROAD
01 CITY : MIDLAND
STATE/ZIP : GA 31820
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,378.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,262.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 50.27900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,836,000.00
P & I AMT: 13,238.47
UPB AMT: 1,834,165.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030904726 MORTGAGORS: HARDIN BILLY
HARDIN JANICE
REGION CODE ADDRESS : 2251 PALMER CIRCLE
01 CITY : FAIRFIELD
STATE/ZIP : CA 94533
MORTGAGE AMOUNT : 224,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,945.77 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 : 94.99900
----------------------------------------------------------------
0 0030904874 MORTGAGORS: NAKAJIMA MICHAEL
NAKAJIMA STACY
REGION CODE ADDRESS : 14545 SW FERN STREET
01 CITY : TIGARD
STATE/ZIP : OR 97223
MORTGAGE AMOUNT : 221,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,640.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98700
----------------------------------------------------------------
0 0030906077 MORTGAGORS: HUGHES PATRICK
HUGHES CHERYL
REGION CODE ADDRESS : 7917 S CLAYTON CIRCLE
01 CITY : LITTLETON
STATE/ZIP : CO 80122
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,811.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030906168 MORTGAGORS: MASTANDREA ROLAND
MASTANDREA MAUREEN
REGION CODE ADDRESS : 37812 EUCLID AVENUE
01 CITY : WILLOUGHBY
STATE/ZIP : OH 44094
MORTGAGE AMOUNT : 231,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,848.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 57.03700
----------------------------------------------------------------
0 0030906218 MORTGAGORS: BROWN THOMAS
KREUTZER LENA
REGION CODE ADDRESS : 951 EAST FOREST AVENUE
01 CITY : DES PLAINES
STATE/ZIP : IL 60018
MORTGAGE AMOUNT : 241,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,138.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.57 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: 1,177,500.00
P & I AMT: 8,554.03
UPB AMT: 1,176,385.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030906432 MORTGAGORS: VIERS JIMMY
VIERS VIRGINIA
REGION CODE ADDRESS : 701 HIDDEN VALLEY ROAD
01 CITY : BLACKSBURG
STATE/ZIP : VA 24060
MORTGAGE AMOUNT : 303,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,535.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030906648 MORTGAGORS: WEBBER DAVID
WEBBER CECILIA
REGION CODE ADDRESS : 6 FALLS LANE
01 CITY : BETHEL
STATE/ZIP : CT 06801
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.11100
----------------------------------------------------------------
0 0030906655 MORTGAGORS: CHAPMAN HERRICK
COHEN LIZABETH
REGION CODE ADDRESS : 232 WASHINGTON STREET
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,666.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.69300
----------------------------------------------------------------
0 0030906911 MORTGAGORS: DUNCAN MICHAEL
DUNCAN DARDA
REGION CODE ADDRESS : 528 WINDING ROSE DRIVE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 259,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,695.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0030907125 MORTGAGORS: WOOD RANDY
WOOD NANCY
REGION CODE ADDRESS : 420 NORTH BRANCH ROAD
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 379,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,982.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,717.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.35100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,712,100.00
P & I AMT: 12,228.33
UPB AMT: 1,710,647.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030909535 MORTGAGORS: DERINGER CHARLES
DERINGER MARCY
REGION CODE ADDRESS : 644 MONTGOMERY SCHOOL LANE
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 52.56200
----------------------------------------------------------------
0 0030909667 MORTGAGORS: MOTHENA DAVID
MOTHENA CHERYL
REGION CODE ADDRESS : 6 ABERDEEN ROAD
01 CITY : HAWTHORN WOODS
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.88100
----------------------------------------------------------------
0 0030909790 MORTGAGORS: WERTER ALLEN
WERTER DONNA
REGION CODE ADDRESS : 398 WEST NECK ROAD
01 CITY : LLOYD HARBOR
STATE/ZIP : NY 11743
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 48.64800
----------------------------------------------------------------
0 0030909931 MORTGAGORS: PAPPAS CHARLES
BIGOS ELIZABETH
REGION CODE ADDRESS : 609 STOCKBRIDGE ROAD
01 CITY : CHARLOTTE
STATE/ZIP : VT 05445
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 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 0030910004 MORTGAGORS: ALLEN PETER
ALLEN SALLY
REGION CODE ADDRESS : 4 SCOTLAND HEIGHTS DRIVE
01 CITY : NEWBURY
STATE/ZIP : MA 01950
MORTGAGE AMOUNT : 252,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,310.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,604,500.00
P & I AMT: 11,603.64
UPB AMT: 1,602,551.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030910046 MORTGAGORS: JENNINGS BERNARD
JENNINGS CYNTHIA
REGION CODE ADDRESS : 5126 NORTHERN FENCES LANE
01 CITY : COLUMBIA
STATE/ZIP : MD 21044
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,301.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030910145 MORTGAGORS: SPIEGELMAN KATHY
ZVERINA ROBERT
REGION CODE ADDRESS : 67 WALNUT PLACE
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,690.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,262.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 40.90900
----------------------------------------------------------------
0 0030910426 MORTGAGORS: BRUNETTI JAMES
BRUNETTI CATHERINE
REGION CODE ADDRESS : 7 ROCKLAND PLACE
01 CITY : GREENWICH
STATE/ZIP : CT 06831
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,552.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0030910715 MORTGAGORS: FIENE BRADLEY
FIENE KYLE
REGION CODE ADDRESS : 2528 CALLE JADE
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 364,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,036.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,578.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030910806 MORTGAGORS: CORWIN BRUCE
CORWIN KATHRYN
REGION CODE ADDRESS : 300 BRIDGE STREET
01 CITY : HAMILTON
STATE/ZIP : MA 01982
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,597.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,402.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,092,300.00
P & I AMT: 15,223.17
UPB AMT: 2,090,177.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030911390 MORTGAGORS: FORESE THOMAS
FORESE MARY
REGION CODE ADDRESS : 5 MARTIN LOUIS WAY
01 CITY : STONEHAM
STATE/ZIP : MA 02180
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,779.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,414.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.97000
----------------------------------------------------------------
0 0030911440 MORTGAGORS: MAYO MICHAEL
MAYO ROSEMARY
REGION CODE ADDRESS : 810 WEST CROCKETT STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98119
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.62600
----------------------------------------------------------------
0 0030911457 MORTGAGORS: FEENEY FRANCIS
FEENEY DONNA
REGION CODE ADDRESS : 12703 HUNT MANOR COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22033
MORTGAGE AMOUNT : 332,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,152.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,440.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99038
----------------------------------------------------------------
0 0030911697 MORTGAGORS: ROLLO VINCENT
ROLLO JENNIFER
REGION CODE ADDRESS : 7 CHARING COURT
01 CITY : OWINGS MILLS
STATE/ZIP : MD 21117
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 : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 93.75000
----------------------------------------------------------------
0 0030911721 MORTGAGORS: BOND ROBERT
CRAIG ANNE
REGION CODE ADDRESS : 108 GROVE ST.
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,516.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.42200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,561,600.00
P & I AMT: 11,458.80
UPB AMT: 1,560,084.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030911739 MORTGAGORS: DUNN MITCHELL
LACKS SUSAN
REGION CODE ADDRESS : 11703 SLATESTONE COURT
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 542,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 540,608.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,935.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.17700
----------------------------------------------------------------
0 0030912380 MORTGAGORS: WHEAT TOM
WHEAT CONNALLY
REGION CODE ADDRESS : 221 LOUISIANA AVENUE
01 CITY : CORPUS CHRISTI
STATE/ZIP : TX 78404
MORTGAGE AMOUNT : 399,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,325.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,893.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.92900
----------------------------------------------------------------
0 0030912547 MORTGAGORS: JACKSON GERALD
JACKSON TERESA
REGION CODE ADDRESS : 999 LAKESHORE DRIVE #3
01 CITY : INCLINE VILLAGE
STATE/ZIP : NV 89450
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,327.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030912836 MORTGAGORS: CAVANAUGH WILLIAM
REGION CODE ADDRESS : 813-815 KENWOOD PARKWAY
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55403
MORTGAGE AMOUNT : 293,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,164.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,179.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030912950 MORTGAGORS: LAETZ JOHANN
LAETZ DIANE
REGION CODE ADDRESS : 6402 SURFSIDE WAY
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 289,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,780.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,763,000.00
P & I AMT: 12,742.98
UPB AMT: 1,759,206.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030912976 MORTGAGORS: WYNN RENEE
WYNN STEVEN
REGION CODE ADDRESS : 4326 ROBERTS AVENUE
01 CITY : ANNANDALE
STATE/ZIP : VA 22003
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,294.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030913057 MORTGAGORS: MILLER JAMES
VASQUEZ MELBA
REGION CODE ADDRESS : 2713 BARTONS BLUFF LANE
01 CITY : AUSTIN
STATE/ZIP : TX 78746
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 : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030913149 MORTGAGORS: BERNATZ MICHAEL
BERNATZ DAWN
REGION CODE ADDRESS : N27 W30766 GOLF HILLS DRIVE
01 CITY : DELAFIELD
STATE/ZIP : WI 53072
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,827.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030913297 MORTGAGORS: NICHOLSON TIMOTHY
NICHOLSON CHARLENE
REGION CODE ADDRESS : 13 COUNTRY LANE
01 CITY : WIMBERELY
STATE/ZIP : TX 78676
MORTGAGE AMOUNT : 108,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 107,847.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 773.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030913388 MORTGAGORS: MATHESON JOHN
MATHESON LESLIE
REGION CODE ADDRESS : 4216 ANTIETAM DRIVE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35213
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,633.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,071.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,189,500.00
P & I AMT: 8,620.01
UPB AMT: 1,188,228.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030913404 MORTGAGORS: HOLLIDAY ALMETA
COOK DENISE
REGION CODE ADDRESS : 1008 DEVONWOOD DRIVE
01 CITY : MITCHELLVILLE
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 270,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,141.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,241.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/17
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99200
----------------------------------------------------------------
0 0030913446 MORTGAGORS: CHANNING ROGER
CHANNING SHERLEY
REGION CODE ADDRESS : 9110 AUTUMN OAK COURT
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 272,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,042.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.50100
----------------------------------------------------------------
0 0030913586 MORTGAGORS: HASSOLD ROBERT
HASSOLD JANET
REGION CODE ADDRESS : 306 MADAKET ROAD
01 CITY : NANTUCKET
STATE/ZIP : MA 02554
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,517.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030913735 MORTGAGORS: CHURCH STEVEN
CHURCH SARAH
REGION CODE ADDRESS : 22 EVERETTS AVENUE
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 533,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 532,851.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,959.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 62.43500
----------------------------------------------------------------
0 0030914162 MORTGAGORS: GRADY SHARON
MOYSEY STEVEN
REGION CODE ADDRESS : 23 CHISHOLM ROAD
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 333,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,802.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,329.79 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: 1,733,350.00
P & I AMT: 12,818.80
UPB AMT: 1,730,355.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030914329 MORTGAGORS: CONTINO SAL
CONTINO KARYN
REGION CODE ADDRESS : 115 PARK FOREST CIRCLE
01 CITY : BRECKENRIDGE
STATE/ZIP : CO 80424
MORTGAGE AMOUNT : 256,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,271.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,927.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0030914337 MORTGAGORS: LAMB BRENDA
REGION CODE ADDRESS : 24 MAPLE AVENUE NORTH
01 CITY : WESTPORT
STATE/ZIP : CT 06880
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030915201 MORTGAGORS: ROSE ANDREW
ROSE KAREN
REGION CODE ADDRESS : 13501 RIVERMIST COURT
01 CITY : MIDLOTHIAN
STATE/ZIP : VA 23112
MORTGAGE AMOUNT : 247,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,958.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98500
----------------------------------------------------------------
0 0030915284 MORTGAGORS: ESHMAN STEPHEN
ESHMAN ROSEMARY
REGION CODE ADDRESS : 9413 SPRUCE TREE CIRCLE
01 CITY : BETHESDA
STATE/ZIP : MD 20814
MORTGAGE AMOUNT : 478,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 477,862.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,425.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030915474 MORTGAGORS: DESPREZ JOHN
DESPREZ MARY
REGION CODE ADDRESS : 102 ELIOT STREET
01 CITY : SOUTH NATICK
STATE/ZIP : MA 01760
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 22.82000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,642,100.00
P & I AMT: 11,958.29
UPB AMT: 1,640,643.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030915508 MORTGAGORS: SANTANA HECTOR
REGION CODE ADDRESS : 1514 JUDD COURT
01 CITY : HERNDON
STATE/ZIP : VA 20170
MORTGAGE AMOUNT : 307,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,143.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,255.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.86800
----------------------------------------------------------------
0 0030915573 MORTGAGORS: ZYLA JOHN
ZYLA DEBRA
REGION CODE ADDRESS : 8411 CASEY COURT
01 CITY : INVER GROVE HEIGHTS
STATE/ZIP : MN 55076
MORTGAGE AMOUNT : 254,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,597.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0030915854 MORTGAGORS: NORDGAARD JAMES
NORDGAARD VIRGINIA
REGION CODE ADDRESS : 1 ARROWHEAD COURT
01 CITY : MIDDLETOWN
STATE/ZIP : NJ 07748
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,823.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030916118 MORTGAGORS: CONNORS ROBERT
REGION CODE ADDRESS : 34 HAYES ROAD
01 CITY : MADBURY
STATE/ZIP : NH 03820
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 : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.98700
----------------------------------------------------------------
0 0030916191 MORTGAGORS: SKOKAN JOSEPH
SKOKAN DANIELLE
REGION CODE ADDRESS : 3 WHISPER HILL ROAD
01 CITY : NISSEQUOGUE
STATE/ZIP : NY 11780
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,833.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 55.56700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,337,300.00
P & I AMT: 9,814.57
UPB AMT: 1,336,053.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030916340 MORTGAGORS: LLOYD RICHARD
LLOYD GAYLE
REGION CODE ADDRESS : 2016 INDIAN CIRCLE
01 CITY : ST LEONARD
STATE/ZIP : MD 20685
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030916852 MORTGAGORS: VEGA HECTOR
VEGA PATRICIA
REGION CODE ADDRESS : 174 VIA DEL LA LARENCIO
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,896.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 77.20600
----------------------------------------------------------------
0 0030917355 MORTGAGORS: CALLAHAN JAMES
CALLAHAN SHELLY
REGION CODE ADDRESS : 23318 CANNON CREEK TRAIL
01 CITY : TOMBALL
STATE/ZIP : TX 77375
MORTGAGE AMOUNT : 240,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,517.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0030917686 MORTGAGORS: ARPINO LOUIS
REGION CODE ADDRESS : 710 RIDGEMOOR PLACE
01 CITY : MELBOURNE
STATE/ZIP : FL 32940
MORTGAGE AMOUNT : 285,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,115.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99200
----------------------------------------------------------------
0 0030917801 MORTGAGORS: ERIKSSON LEIF
ERIKSSON ANN
REGION CODE ADDRESS : 784 SAN BENITO AVENUE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
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 : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,269,550.00
P & I AMT: 9,313.45
UPB AMT: 1,268,000.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030917983 MORTGAGORS: JIA BO
LI MEI
REGION CODE ADDRESS : 10700 MORNINGFIELD DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 281,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,306.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030919021 MORTGAGORS: MURPHY GLENN
MURPHY MARGARET
REGION CODE ADDRESS : 1660 SHEEDER MILL ROAD
01 CITY : BIRCHRUNVILLE
STATE/ZIP : PA 19421
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030919047 MORTGAGORS: MONTES DANIEL
MONTES LEIGH
REGION CODE ADDRESS : 2192 FOSCALINA COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,760.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,523.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030919484 MORTGAGORS: ALEXANDER DANNY
GENEZ ANDREE
REGION CODE ADDRESS : 217 MIDENHALL WAY
01 CITY : CARY
STATE/ZIP : NC 27513
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,576.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.09091
----------------------------------------------------------------
0 0030919682 MORTGAGORS: KIPP MICHAEL
KIPP NADINE
REGION CODE ADDRESS : 3442 BARRISTER'S KEEPE CIRCLE
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 277,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,647.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,478,550.00
P & I AMT: 10,786.54
UPB AMT: 1,477,129.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030919906 MORTGAGORS: LOCKWOOD RONALD
LOCKWOOD SUSAN
REGION CODE ADDRESS : 65 BARE HILL ROAD
01 CITY : BOLTON
STATE/ZIP : MA 01740
MORTGAGE AMOUNT : 227,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,630.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030919997 MORTGAGORS: POLE CLENDON
GUISHARD-POLE MIGNON
REGION CODE ADDRESS : 12 ROMAR AVENUE
01 CITY : WHITE PLAINS
STATE/ZIP : NY 10605
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,693.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030921431 MORTGAGORS: POLLNER GLENN
TAUBER EVELETT
REGION CODE ADDRESS : 19 WINTERBERRY LANE
01 CITY : BRIARCLIFF MANOR
STATE/ZIP : NY 10510
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,664.49 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 : 87.12400
----------------------------------------------------------------
0 0030921464 MORTGAGORS: OSBORNE JOHN
OSBORNE AMY
REGION CODE ADDRESS : 6100 CUESTA VERDE
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 418,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,922.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,034.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.39000
----------------------------------------------------------------
0 0030921472 MORTGAGORS: HALL WILLIAM
REGION CODE ADDRESS : 190 ANITA DRIVE
01 CITY : PASADENA
STATE/ZIP : CA 91105
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,205.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,590,800.00
P & I AMT: 11,492.41
UPB AMT: 1,589,423.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030921548 MORTGAGORS: CHUNG JAE
RYANG CATHERINE
REGION CODE ADDRESS : 6 BURLINGTON RD.
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,072.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,305.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030921753 MORTGAGORS: EVANS ELIZABETH
TURNER MARGRET
REGION CODE ADDRESS : 25 SCHILF ROAD
01 CITY : BETHANY
STATE/ZIP : CT 06524
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,822.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.64700
----------------------------------------------------------------
0 0030921878 MORTGAGORS: POMERANCE JAY
FINE ILENE
REGION CODE ADDRESS : 259 INVERWAY
01 CITY : INVERNESS
STATE/ZIP : IL 60067
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,611.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,940.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.96700
----------------------------------------------------------------
0 0030922355 MORTGAGORS: MELL S.
MELL KIMBERLY
REGION CODE ADDRESS : 39 TEMPE WICK ROAD
01 CITY : MENDHAM
STATE/ZIP : NJ 07945
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030922462 MORTGAGORS: HUNT RONALD
HUNT ANNA
REGION CODE ADDRESS : 5467 DIAMOND PLACE NE
01 CITY : BAINBRIDGE ISLAND
STATE/ZIP : WA 98110
MORTGAGE AMOUNT : 231,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,132.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,808,800.00
P & I AMT: 13,104.66
UPB AMT: 1,804,327.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030922611 MORTGAGORS: MIRISOLA THOMAS
LEHTO LAURI
REGION CODE ADDRESS : 13011 TRIUMPH DRIVE
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 229,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,274.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030922652 MORTGAGORS: MAYER KURT
MAYER WANDA
REGION CODE ADDRESS : 3730 ALISO DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 233,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,430.43 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 : 94.98400
----------------------------------------------------------------
0 0030922678 MORTGAGORS: ELSBREE MELISSA
REGION CODE ADDRESS : 6723 AVENUE C
01 CITY : SARASOTA
STATE/ZIP : FL 34231
MORTGAGE AMOUNT : 220,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,352.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,617.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030922926 MORTGAGORS: SMITH ROBERT
SMITH KAREN
REGION CODE ADDRESS : 138 WILLOWLEAF DRIVE
01 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,627.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030923007 MORTGAGORS: LAUGHLIN CHRISTOPHER
PETRO NICHOLE
REGION CODE ADDRESS : 11100 FAARM ROAD
01 CITY : GREAT FALLS
STATE/ZIP : VA 22192
MORTGAGE AMOUNT : 241,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,439.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,195,700.00
P & I AMT: 8,606.45
UPB AMT: 1,194,124.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030923023 MORTGAGORS: CARANO JUDI
REGION CODE ADDRESS : 4870 RAMCREEK TRAIL
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 255,032.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,679.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.99900
----------------------------------------------------------------
0 0030923106 MORTGAGORS: WALDOCK DARRYL
WALDOCK LEISA
REGION CODE ADDRESS : 4250 BROMLEY PLACE
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80906
MORTGAGE AMOUNT : 246,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,810.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030923320 MORTGAGORS: BRENN WILLIAM
BRENN BARBARA
REGION CODE ADDRESS : 50 ROWAN ROAD
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,836.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 40.00000
----------------------------------------------------------------
0 0030923643 MORTGAGORS: MAHNKEN KEITH
CAFASSO ELENE
REGION CODE ADDRESS : 240 ADDISON AVENUE # 1
01 CITY : ELMHURST
STATE/ZIP : IL 60126
MORTGAGE AMOUNT : 230,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,241.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030923882 MORTGAGORS: ASHFORD GREGORY
ASHFORD ANN
REGION CODE ADDRESS : 3015 BROOKVIEW CT
01 CITY : ALPHARETTA
STATE/ZIP : GA 30202
MORTGAGE AMOUNT : 290,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,294.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,081.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,272,082.00
P & I AMT: 9,241.90
UPB AMT: 1,270,862.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030923908 MORTGAGORS: SHORT DAVID
SHORT SUSAN
REGION CODE ADDRESS : #10 REDBLUFF COURT
01 CITY : MANSFIELD
STATE/ZIP : TX 76063
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,676.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030923981 MORTGAGORS: ROSE PRESTON
ROSE PATRICIA
REGION CODE ADDRESS : 625 MERIDIAN AVENUE
01 CITY : SOUTH PASADENA
STATE/ZIP : CA 91030
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,280.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030924013 MORTGAGORS: CHEN SUN
NATAL LYDIA
REGION CODE ADDRESS : 122 SHADOW LANE
01 CITY : CHADDS FORD
STATE/ZIP : PA 19317
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,404.42 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 : 80.00000
----------------------------------------------------------------
0 0030924393 MORTGAGORS: LEGASPI RAULITO
LEGASPI MARLENE
REGION CODE ADDRESS : 4 LYLE FARM ROAD
01 CITY : MILLSTONE
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 223,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0030924518 MORTGAGORS: MILLER GEORGE
MILLER LISA
REGION CODE ADDRESS : 2688 RED GATE DRIVE
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 276,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,604.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,983.03 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: 1,378,300.00
P & I AMT: 9,907.78
UPB AMT: 1,376,866.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030924575 MORTGAGORS: REED LYNN
REED CAROLE
REGION CODE ADDRESS : 705 BEARDSLEY LANE
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,781.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0030924930 MORTGAGORS: STOLZBERG ALICE
REGION CODE ADDRESS : 3202 ROLLING ROAD
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
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 : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030924955 MORTGAGORS: LUBECK DANIEL
REGION CODE ADDRESS : 1126 SUPERBA AVENUE
01 CITY : VENICE
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 232,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,586.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.50700
----------------------------------------------------------------
0 0030925168 MORTGAGORS: WARD RAYMOND
WARD ROSEMARY
REGION CODE ADDRESS : 9130 OAK LEAF WAY
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,748.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,550.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030925242 MORTGAGORS: BEDESEM GREGORY
BEDESEM LINDA
REGION CODE ADDRESS : 40 HERITAGE LANE
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 250,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,613.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,461,700.00
P & I AMT: 10,469.09
UPB AMT: 1,460,288.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030925408 MORTGAGORS: COLE DAVID
REGION CODE ADDRESS : 12838 LA CRESTA DRIVE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
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 : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0030925705 MORTGAGORS: DEWITT MICHAEL
REGION CODE ADDRESS : 285 MONROE STREET
01 CITY : DENVER
STATE/ZIP : CO 80206
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.86400
----------------------------------------------------------------
0 0030925903 MORTGAGORS: SCHIFF IAN
REGION CODE ADDRESS : 432 ENCINO VISTA DRIVE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 247,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,729.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.03300
----------------------------------------------------------------
0 0030926083 MORTGAGORS: MURPHY CAROL
MURPHY JOHN
REGION CODE ADDRESS : 6017 N. KILBOURN AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60646
MORTGAGE AMOUNT : 255,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,374.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030926158 MORTGAGORS: MCKELVEY DOUGLAS
MCKELVEY SUSAN
REGION CODE ADDRESS : 26210 ROYAL OAK RD
01 CITY : ROYAL OAK
STATE/ZIP : MD 21662
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,979,850.00
P & I AMT: 14,312.03
UPB AMT: 1,978,028.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030926265 MORTGAGORS: THILEN NICHOLAS
THILEN ANDREA
REGION CODE ADDRESS : 64 OLD STONE CHURCH ROAD
01 CITY : UPPER 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 : 3,625.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030926307 MORTGAGORS: DEL REAL JESUS
DEL REAL ALMA
REGION CODE ADDRESS : 101 AVENIDA ESPANA
01 CITY : SAN JOSE
STATE/ZIP : CA 95139
MORTGAGE AMOUNT : 218,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,956.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,601.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030926364 MORTGAGORS: KALINOWSKI PHILLIP
KALINOWSKI DEBORAH
REGION CODE ADDRESS : 12778 CHANDON COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 309,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,141.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0030926406 MORTGAGORS: GROSSMAN PETER
GROSSMAN SONDRA
REGION CODE ADDRESS : 1453 EAST GOODRICH LANE
01 CITY : FOX POINT
STATE/ZIP : WI 53217
MORTGAGE AMOUNT : 372,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,937.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,666.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.26700
----------------------------------------------------------------
0 0030926620 MORTGAGORS: WESSLING MARY
REGION CODE ADDRESS : 23822 MARMARA BAY
01 CITY : DANA POINT
STATE/ZIP : CA 92629
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,648,200.00
P & I AMT: 11,991.34
UPB AMT: 1,646,864.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030926844 MORTGAGORS: HARRIS RICHARD
HARRIS JULIANA
REGION CODE ADDRESS : 5328 CARMENTO DRIVE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,644.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.93800
----------------------------------------------------------------
0 0030927792 MORTGAGORS: MOULTON TROY
MOULTON KATHERINE
REGION CODE ADDRESS : 5608 WILDFLOWER LANE
01 CITY : MIDLAND
STATE/ZIP : MI 48642
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,425.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.36300
----------------------------------------------------------------
0 0030927990 MORTGAGORS: MARTOCCI JOSEPH
MARTOCCI GERALDINE
REGION CODE ADDRESS : 8024 DIVING CLIFF LANE
01 CITY : SPRINGFIELD
STATE/ZIP : VA 22153
MORTGAGE AMOUNT : 249,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,978.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0030928014 MORTGAGORS: ROGERS DARIUS
ROGERS SUZANNE
REGION CODE ADDRESS : 2500 HARTLEPOOL LANE
01 CITY : MIDLOTHIAN
STATE/ZIP : VA 23113
MORTGAGE AMOUNT : 265,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,743.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.99200
----------------------------------------------------------------
0 0030928139 MORTGAGORS: FURNESS DOUGLAS
FURNESS JOANE
REGION CODE ADDRESS : 10221 BRITTENFORD DRIVE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 365,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,048.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,648.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,381,750.00
P & I AMT: 9,953.63
UPB AMT: 1,379,840.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030928147 MORTGAGORS: DESPAIN GERALD
REGION CODE ADDRESS : 42040 SADDLEBROOK PLACE
01 CITY : LEESBURG
STATE/ZIP : VA 20176
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,572.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,163.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.40000
----------------------------------------------------------------
0 0030928154 MORTGAGORS: JIANG JINQUAN
CHEN FEIMING
REGION CODE ADDRESS : 2894 OAK SHADOW DRIVE
01 CITY : OAK SHADOW DRIVE
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 313,454.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,232.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,245.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0030928196 MORTGAGORS: HEUGHAN VERNON
HEUGHAN DEBORAH
REGION CODE ADDRESS : 1053 OLD RIDGE ROAD
01 CITY : PRATTVILLE
STATE/ZIP : AL 36066
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,718.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030928212 MORTGAGORS: MOONEY CATHYRD
MOONEY RICHARD
REGION CODE ADDRESS : 103 ROUNDTREE ROAD
01 CITY : THOMASVILLE
STATE/ZIP : GA 31792
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,752.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
0 0030928220 MORTGAGORS: ARAT RONALD
KOEHLER BEVERLY
REGION CODE ADDRESS : 42 FORGEHILL ROAD
01 CITY : LEBANON
STATE/ZIP : NJ 08833
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,605.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,204.00
P & I AMT: 10,338.49
UPB AMT: 1,416,881.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030928477 MORTGAGORS: GILBERT CAREY
GILBERT PATRICIA
REGION CODE ADDRESS : 61 MATTHEWS ROAD
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35213
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0030928501 MORTGAGORS: CORB RUSSELL
CORB MICHAEL
REGION CODE ADDRESS : 1005 INGOMAR RD.
01 CITY : INGOMAR
STATE/ZIP : PA 15127
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030928568 MORTGAGORS: CHANDLER PRESTON
CHANDLER KRISTIE
REGION CODE ADDRESS : 23 IVORY MOON PLACE
01 CITY : THE WOODLANDS
STATE/ZIP : TX 77381
MORTGAGE AMOUNT : 235,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,925.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0030928584 MORTGAGORS: CLARK LEIF
REGION CODE ADDRESS : 6705 O HENRY A&B
01 CITY : AUSTIN
STATE/ZIP : TX 78755
MORTGAGE AMOUNT : 221,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,894.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030928626 MORTGAGORS: QUICK CAROL
REGION CODE ADDRESS : 1962 E. MORGAN DRIVE
01 CITY : TEMPE
STATE/ZIP : AZ 85284
MORTGAGE AMOUNT : 148,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,905.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,111.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,194,450.00
P & I AMT: 8,659.79
UPB AMT: 1,193,310.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030929012 MORTGAGORS: SANDHU TIRATH
SANDHU ANOOP
REGION CODE ADDRESS : 7612 MARINA COVE DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95831
MORTGAGE AMOUNT : 249,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,230.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 55.93500
----------------------------------------------------------------
0 0030929145 MORTGAGORS: LAUGHTON RONALD
LAUGHTON KRISTA PAULINE
REGION CODE ADDRESS : 705 OAKWOOD STREET
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 229,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,445.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030929277 MORTGAGORS: CHAPMAN JOHN
CHAPMAN CAROL
REGION CODE ADDRESS : 11163 BAY LAUREL ST
01 CITY : DUBLIN
STATE/ZIP : CA 94563
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0030929681 MORTGAGORS: HIBBARD WILLIAM
HIBBARD JULIE
REGION CODE ADDRESS : 18 VIA BERRENDO
01 CITY : RANCHO SANTA MARGARITA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 255,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,346.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0030930127 MORTGAGORS: FINCH RONALD
REGION CODE ADDRESS : 3 SOUTH SNOWSTAR LANE
01 CITY : SANDY
STATE/ZIP : UT 84092
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,599.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.83800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,405,050.00
P & I AMT: 10,174.68
UPB AMT: 1,403,355.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030930200 MORTGAGORS: KUCZMARSKI ERIN
MCKAIN GARRY
REGION CODE ADDRESS : 200 KINGS LANDING COURT
01 CITY : HAMPSTEAD
STATE/ZIP : NC 28443
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030930408 MORTGAGORS: BEAUDRY WILLIAM
BEAUDRY COLLEEN
REGION CODE ADDRESS : WEST 199 SOUTH 6865 ADRIAN DRIVE
01 CITY : MUSKEGO
STATE/ZIP : WI 53150
MORTGAGE AMOUNT : 233,495.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,143.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.83166
----------------------------------------------------------------
0 0030930473 MORTGAGORS: PEAQUIN PETER
PEAQUIN PATRICIA
REGION CODE ADDRESS : 603 WEST HOWE
01 CITY : SEATTLE
STATE/ZIP : WA 98119
MORTGAGE AMOUNT : 255,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,769.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030930481 MORTGAGORS: ELMALLAKH AMIR
ELMALLAKH GLORIA
REGION CODE ADDRESS : 7816 ANCHOR
01 CITY : FRISCO
STATE/ZIP : TX 75035
MORTGAGE AMOUNT : 110,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 109,970.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 778.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98000
----------------------------------------------------------------
0 0030930556 MORTGAGORS: BORGHI ANTHONY
BORGHI LORETTA
REGION CODE ADDRESS : 71 EMERSON ROAD
01 CITY : WALPOLE
STATE/ZIP : MA 02032
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.56756
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,149,495.00
P & I AMT: 8,278.02
UPB AMT: 1,148,498.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030930572 MORTGAGORS: BEEDERS JOEL
BEEDERS DEBORAH
REGION CODE ADDRESS : 57-63 BENNINGTON STREET
01 CITY : NEWTON
STATE/ZIP : MA 02158
MORTGAGE AMOUNT : 377,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,246.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,769.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.43500
----------------------------------------------------------------
0 0030930598 MORTGAGORS: WANTA ERIC
WANTA HOLLY MADDEN
REGION CODE ADDRESS : 77 SURFSIDE ROAD
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,790.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,289.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
0 0030930622 MORTGAGORS: GLEASON JOHN
GLEASON LISA
REGION CODE ADDRESS : 5051 HAROLD PLACE NE
01 CITY : SEATTLE
STATE/ZIP : WA 98105
MORTGAGE AMOUNT : 250,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,131.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.92500
----------------------------------------------------------------
0 0030930630 MORTGAGORS: POSENER JOEL
POSENER RENEE
REGION CODE ADDRESS : 201 N BRENTWOOD BLVD
01 CITY : ST LOUIS
STATE/ZIP : MO 63105
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,823.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.76100
----------------------------------------------------------------
0 0030930721 MORTGAGORS: HOFMANN NORBERT
WAGNER ANITA
REGION CODE ADDRESS : 5-7 TRAYMORE STREET
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.39682
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,583,000.00
P & I AMT: 11,506.10
UPB AMT: 1,577,723.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030931000 MORTGAGORS: OLSON MARY
REGION CODE ADDRESS : 8251 GULL RIVER RD.
01 CITY : BRAINERD
STATE/ZIP : MN 56401
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,162.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030931075 MORTGAGORS: KNUTSON DAVID
KNUTSON LAURI
REGION CODE ADDRESS : 1805 KELLER LAKE DRIVE
01 CITY : BURNSVILLE
STATE/ZIP : MN 55306
MORTGAGE AMOUNT : 235,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,158.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030931091 MORTGAGORS: BENDALL CHARLES
BENDALL CANDACE
REGION CODE ADDRESS : 19393 FAIRHAVEN COURT
01 CITY : ROUND HILL
STATE/ZIP : VA 20141
MORTGAGE AMOUNT : 281,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,206.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,040.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.15300
----------------------------------------------------------------
0 0030931125 MORTGAGORS: LINCOLN ROBERT
LINCOLN CAROLE
REGION CODE ADDRESS : 119 TOPAZ AVE.
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92662
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,240.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,987.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0030931265 MORTGAGORS: FOOTE CHARLES
FOOTE DOROTHY
REGION CODE ADDRESS : 43305 BURK DALE STREET
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 256,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,759.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,562,350.00
P & I AMT: 11,200.35
UPB AMT: 1,560,526.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030931299 MORTGAGORS: BONNIE MICHAEL
BONNIE SANDRA
REGION CODE ADDRESS : 9868 ELMHURST DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 241,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,386.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98600
----------------------------------------------------------------
0 0030931331 MORTGAGORS: RODRIGUEZ JAVIER
RODRIGUEZ VIRGINIA
REGION CODE ADDRESS : 7509 CANNON FORT DRIVE
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 393,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,614.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,749.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 81.11397
----------------------------------------------------------------
0 0030931448 MORTGAGORS: MASER JOHN
MASER CANDACE
REGION CODE ADDRESS : 828 GREEN TREE ROAD
01 CITY : KOHLER
STATE/ZIP : WI 53044
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030931562 MORTGAGORS: BEN-ARI HAIM
BEN-ARI KATIA
REGION CODE ADDRESS : 12752 SANDY CREST COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 320,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,356.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,326.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030931646 MORTGAGORS: ALLSOP DEE
ALLSOP CHARMAINE
REGION CODE ADDRESS : 153 NORTH COUNTRY MANOR
01 CITY : ALPINE
STATE/ZIP : UT 84004
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,624.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,455,750.00
P & I AMT: 10,515.51
UPB AMT: 1,453,829.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030931711 MORTGAGORS: XENOS JANE
REGION CODE ADDRESS : 423 EAST BALBOA BOULEVARD A & B
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92661
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,838.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 67.73333
----------------------------------------------------------------
0 0030931927 MORTGAGORS: CASTIGLIA JULIE
REGION CODE ADDRESS : 1557 SAN DIEGUITO DRIVE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,770.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,414.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------
0 0030932420 MORTGAGORS: SWARTZENDRUBER GALEN
REGION CODE ADDRESS : 3430 FLAMINGO AVENUE
01 CITY : SARASOTA
STATE/ZIP : FL 34242
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,474.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,969.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 36.36300
----------------------------------------------------------------
0 0030932495 MORTGAGORS: KASS RICHARD
KASS GLADYS
REGION CODE ADDRESS : 179 JANSEN AVENUE NE
01 CITY : HANOVER
STATE/ZIP : MN 55341
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,841.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.58064
----------------------------------------------------------------
0 0030932602 MORTGAGORS: HELIE DENNIS
HELIE PAMELA
REGION CODE ADDRESS : 2745 LADY ANNE'S WAY
01 CITY : HUNTINGTOWN
STATE/ZIP : MD 20639
MORTGAGE AMOUNT : 251,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,452.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.72 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: 1,463,800.00
P & I AMT: 10,730.35
UPB AMT: 1,462,377.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030932644 MORTGAGORS: TRAN BRUCE
LIN TERI
REGION CODE ADDRESS : 12760 ALDER WOODS DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22033
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,776.33 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 : 76.65000
----------------------------------------------------------------
0 0030932719 MORTGAGORS: FURPHY THOMAS
FURPHY TRICIA
REGION CODE ADDRESS : 44 BEECH HILL CRESCENT
01 CITY : PITTSFORD
STATE/ZIP : NY 14534
MORTGAGE AMOUNT : 220,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,698.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,601.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0030932727 MORTGAGORS: JONES MICHAEL
JONES BARBARA
REGION CODE ADDRESS : 12510 DANBURY WAY
01 CITY : ROSEMOUNT
STATE/ZIP : MN 55068
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,051.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030932818 MORTGAGORS: TZANNES MICHAEL
TZANNES KELLY
REGION CODE ADDRESS : 17 CARLEY ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,759.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0030932842 MORTGAGORS: RIVKIN MICHAEL
RIVKIN HAYA
REGION CODE ADDRESS : 47 KENMORE STREET
01 CITY : NEWTON
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 414,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,005.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.51200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,591,600.00
P & I AMT: 11,515.88
UPB AMT: 1,590,784.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030932859 MORTGAGORS: GOWENS ROBERT
GOWENS DONNA
REGION CODE ADDRESS : 47 OAKRIDGE CT.
01 CITY : FOND DU LAC
STATE/ZIP : WI 54935
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,790.65 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 : 77.03700
----------------------------------------------------------------
0 0030932917 MORTGAGORS: NOLDEN SANDRA
NOLDEN THOMAS
REGION CODE ADDRESS : 48 ACADEMY STREET
01 CITY : ARLINGTON
STATE/ZIP : MA 02174
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,771.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.89200
----------------------------------------------------------------
0 0030932933 MORTGAGORS: COYLE TIMOTHY
COYLE SUSAN
REGION CODE ADDRESS : 926 ENTRADA ROAD
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,596.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 83.33300
----------------------------------------------------------------
0 0030932958 MORTGAGORS: CHAPMAN BRIAN
REGION CODE ADDRESS : 22305 ROLLING HILLS LANE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,680.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,364.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030932974 MORTGAGORS: MARCHAK GREG
MARCHAK DIANE
REGION CODE ADDRESS : 4808 WELLAMETH DRIVE
01 CITY : VAN COUVER
STATE/ZIP : WA 98661
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,578.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,668,000.00
P & I AMT: 12,176.96
UPB AMT: 1,666,417.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030933097 MORTGAGORS: BENNINGTON CHESTER
BENNINGTON MARY
REGION CODE ADDRESS : 57692 DUTCHMAN LANE
01 CITY : SUNRIVER
STATE/ZIP : OR 97707
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.71000
----------------------------------------------------------------
0 0030933386 MORTGAGORS: LEWIS R
PURCELL-LEWIS ALISON
REGION CODE ADDRESS : 65 GREAT OAK DRIVE
01 CITY : MILLBURN
STATE/ZIP : NJ 07078
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,380.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,375.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030933832 MORTGAGORS: PHILLIPS KENNETH
REGION CODE ADDRESS : 10 NORTH CASTLEGREEN CIRCLE
01 CITY : THE WOODLANDS
STATE/ZIP : TX 77381
MORTGAGE AMOUNT : 219,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,289.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030934111 MORTGAGORS: PONTERI JOSEPH
DUNN-PONTERI SUSAN
REGION CODE ADDRESS : 3909 CENTRAL AVENUE
01 CITY : WESTERN SPRINGS
STATE/ZIP : IL 60558
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,457.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.80100
----------------------------------------------------------------
0 0030934285 MORTGAGORS: SNYDER R.
SNYDER CYNTHIA
REGION CODE ADDRESS : 14880 AVENIDA INSURGENTES
01 CITY : RANCHO SANTE FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,427.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,118.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 42.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,667,600.00
P & I AMT: 12,119.52
UPB AMT: 1,665,946.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030934442 MORTGAGORS: STAYTON JOHN
STAYTON ANN
REGION CODE ADDRESS : 6364 STARR ROAD
01 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 249,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,019.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030934624 MORTGAGORS: SCHNEIDER ROGER
SCHNEIDER NANCY
REGION CODE ADDRESS : 41655 ROAD 600
01 CITY : AHWAHNEE
STATE/ZIP : CA 93601
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,799.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,366.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030935050 MORTGAGORS: PATRICIAN KENNETH
PATRICIAN DEBRA
REGION CODE ADDRESS : 1657 LAKESIDE DRIVE
01 CITY : NEW SHOREHAM
STATE/ZIP : RI 02807
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.81300
----------------------------------------------------------------
0 0030935076 MORTGAGORS: PELLAND KURTIS
PELLAND JENNIFER
REGION CODE ADDRESS : 950 ALKIRE AVENUE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030935506 MORTGAGORS: MAYFIELD MORGAN
MAYFIELD SUSAN
REGION CODE ADDRESS : 4149 FORT DONELSON DRIVE
01 CITY : STOCKTON
STATE/ZIP : CA 95219
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,255.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,482.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,200.00
P & I AMT: 10,313.93
UPB AMT: 1,417,229.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030935936 MORTGAGORS: GOLDING ROBERT
GOLDING NANCY
REGION CODE ADDRESS : 3005 BOWMAN AVENUE
01 CITY : AUSTIN
STATE/ZIP : TX 78703
MORTGAGE AMOUNT : 400,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,767.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,866.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0030936074 MORTGAGORS: WILKE STEPHEN
WILKE REBECCA
REGION CODE ADDRESS : 11144 MORNING CREEK DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 231,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,503.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 91.25900
----------------------------------------------------------------
0 0030936082 MORTGAGORS: JACKS ALISA
JACKS STEPHEN
REGION CODE ADDRESS : 2402 LAKE VILLAGE DRIVE
01 CITY : KINGWOOD
STATE/ZIP : TX 77339
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,682.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030936199 MORTGAGORS: WARNER JANE
ROTHMAN HOWARD
REGION CODE ADDRESS : 1534 MARQUARD TERRACE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93101
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,600.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.60000
----------------------------------------------------------------
0 0030936231 MORTGAGORS: ISMAILIAN ROBERT
REGION CODE ADDRESS : 310 E PROVIDENCIA AVENUE #204
01 CITY : BURBANK
STATE/ZIP : CA 91502
MORTGAGE AMOUNT : 80,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 80,693.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 599.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,211,650.00
P & I AMT: 8,758.59
UPB AMT: 1,210,248.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030936504 MORTGAGORS: GILMAN GREGG
GILMAN DEBORAH
REGION CODE ADDRESS : 73 ROCKLEDGE DRIVE
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,749.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,639.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030936538 MORTGAGORS: NATALE KATHLEEN
NATALE ANDREW
REGION CODE ADDRESS : 168 GRAND BOULEVARD
01 CITY : EMERSON
STATE/ZIP : NJ 07630
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.19200
----------------------------------------------------------------
0 0030936611 MORTGAGORS: ERIKSON BRUCE
REGION CODE ADDRESS : 886 HALE STREET
01 CITY : BEVERLY FARM
STATE/ZIP : MA 01715
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,563.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,769.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 56.52100
----------------------------------------------------------------
0 0030936629 MORTGAGORS: BEATRICE JOHN
BEATRICE CAMILLE
REGION CODE ADDRESS : 26 MIDDLEBURY LANE
01 CITY : BEVERLY
STATE/ZIP : MA 01915
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,845.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.66600
----------------------------------------------------------------
0 0030936637 MORTGAGORS: SINGER ALAN
SINGER KRISTEN
REGION CODE ADDRESS : 2801 RED OAK COURT
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,572.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,754,000.00
P & I AMT: 12,814.11
UPB AMT: 1,752,575.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030936785 MORTGAGORS: TONG MAX
TONG CABIOLA
REGION CODE ADDRESS : 382 LONE OAK COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 198,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 198,132.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,455.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030936959 MORTGAGORS: DAVIS KENNETH
DAVIS LEE
REGION CODE ADDRESS : 3937 DUCHESS CIRCLE
01 CITY : DALLAS
STATE/ZIP : TX 75229
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.50000
----------------------------------------------------------------
0 0030937114 MORTGAGORS: ESPINOZA LOURDES
REGION CODE ADDRESS : 5880 SW 81 STREET
01 CITY : MIAMI
STATE/ZIP : FL 33143
MORTGAGE AMOUNT : 224,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,913.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030937627 MORTGAGORS: HELM RICHARD
REGION CODE ADDRESS : 627 BLUE RIDGE LANE
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030937668 MORTGAGORS: LANDA JEFFREY
PICARD-LANDA LYNNE
REGION CODE ADDRESS : 64 ALGONQUIAN DRIVE
01 CITY : NATICK
STATE/ZIP : MA 01760
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,000.00 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 : 57.84300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,190,600.00
P & I AMT: 8,670.98
UPB AMT: 1,189,864.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030937734 MORTGAGORS: CHANG MICHAEL
CHANG BAO
REGION CODE ADDRESS : 15764 CIRCO DIEGUENO
01 CITY : RANCHO SANTA FE
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,056.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,600.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.77700
----------------------------------------------------------------
0 0030938161 MORTGAGORS: OLSON PATRICIA
REGION CODE ADDRESS : 2198 COURT SIDE CIRCLE
01 CITY : CARSON CITY
STATE/ZIP : NV 89703
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,703.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,614.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0030938252 MORTGAGORS: MOORE KEITH
MOORE WENDY
REGION CODE ADDRESS : 27221 CORDERO LANE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,798.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030938674 MORTGAGORS: CRUIKSHANK JOHN
CRUIKSHANK MYRNA
REGION CODE ADDRESS : 1412 RIDGE ROAD
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 46.95600
----------------------------------------------------------------
0 0030938740 MORTGAGORS: HERBERT STEPHEN
HERBERT JULIE
REGION CODE ADDRESS : 15565 NW TRAKEHNER WAY
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 221,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,847.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,640,000.00
P & I AMT: 11,726.42
UPB AMT: 1,638,405.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030938831 MORTGAGORS: KENT PETER
KENT MARY BETH
REGION CODE ADDRESS : 39 HAWKINS LANE
01 CITY : MARLBOROUGH
STATE/ZIP : MA 01752
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0030938849 MORTGAGORS: MC CALLUM ROBERT
REGION CODE ADDRESS : 33113 N CRADDOCKE LANDING
01 CITY : CRADDOCKVILLE
STATE/ZIP : VA 23341
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,163.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030938997 MORTGAGORS: MENACHEM JAY
MENACHEM DIAHANN
REGION CODE ADDRESS : 59 FOREST DRIVE
01 CITY : JERICHO
STATE/ZIP : NY 11753
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030939003 MORTGAGORS: ARDEN ROBERT
ARDEN JEAN
REGION CODE ADDRESS : 6 KRUEGER HILL ROAD
01 CITY : FRANKLIN TWP
STATE/ZIP : NJ 08867
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030939086 MORTGAGORS: GOLDBERG DAVID
GOLDBERG AMY
REGION CODE ADDRESS : 3 MOONEY LANE
01 CITY : SOUTHBOROUGH
STATE/ZIP : MA 01772
MORTGAGE AMOUNT : 258,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.35500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,226,200.00
P & I AMT: 8,789.41
UPB AMT: 1,225,515.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030939094 MORTGAGORS: GALVEZ MIGUEL
REGION CODE ADDRESS : 41 SHERWOOD AVENUE
01 CITY : DANVERS
STATE/ZIP : MA 01923
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030939110 MORTGAGORS: DALILALTOJARI SHAHIN
REGION CODE ADDRESS : 5793 VALLEY VIEW DIRVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22310
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,611.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,060.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030939243 MORTGAGORS: MOSOLOVA MARIA
BELIAKOV MICHAEL
REGION CODE ADDRESS : 13705 VALLEY OAK CIRCLE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 313,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,189.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030939342 MORTGAGORS: RODRIGUEZ RAUL
REGION CODE ADDRESS : 10990 S.W. 28 STREET
01 CITY : MIAMI
STATE/ZIP : FL 33165
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,841.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 89.84100
----------------------------------------------------------------
0 0030939425 MORTGAGORS: RUSSELL TIMOTHY
RUSSELL PAMELA
REGION CODE ADDRESS : 17 OLMSTEAD ROAD
01 CITY : MORRISTOWN
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,776.33 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 : 79.26800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,427,200.00
P & I AMT: 10,619.16
UPB AMT: 1,426,268.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030939508 MORTGAGORS: TJAN JOSEPH
BARBER CATHERINE
REGION CODE ADDRESS : 540 ALOSIO DR
01 CITY : RIVERVALE
STATE/ZIP : NJ 07675
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,773.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.91500
----------------------------------------------------------------
0 0030939672 MORTGAGORS: STRAFFORD EOIN
STRAFFORD SANDRA
REGION CODE ADDRESS : 7079 NW 66 TERRACE
01 CITY : PARKLAND
STATE/ZIP : FL 33067
MORTGAGE AMOUNT : 251,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,619.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.98200
----------------------------------------------------------------
0 0030939862 MORTGAGORS: KUNA GERALD
KUNA MARY
REGION CODE ADDRESS : 6602 WIMBLEDON FOREST COURT
01 CITY : SPRING
STATE/ZIP : TX 77379
MORTGAGE AMOUNT : 303,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,530.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030939888 MORTGAGORS: LONG RALPH
JOHN CELESTE
REGION CODE ADDRESS : 19822 EMERALD LEAF DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77094
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,654.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.37500
----------------------------------------------------------------
0 0030940050 MORTGAGORS: COTT THERON
COTT BEVERLY
REGION CODE ADDRESS : 205 SOUTH LOGANBERRY STREET
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,681.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 87.36800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,363,700.00
P & I AMT: 9,875.55
UPB AMT: 1,362,258.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030940241 MORTGAGORS: HARMAN JAMES
HARMAN SHERRI
REGION CODE ADDRESS : 5 SOUTHERS CIRCLE
01 CITY : SUWANEE
STATE/ZIP : GA 30024
MORTGAGE AMOUNT : 226,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,236.13 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 : 77.00680
----------------------------------------------------------------
0 0030940472 MORTGAGORS: GLATSTAIN CAROL
REGION CODE ADDRESS : 1 ELIZABETH PLACE
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030940480 MORTGAGORS: HOFFMAN DANIEL
HOFFMAN ELIZABETH
REGION CODE ADDRESS : 10465 RUSSELL ROAD
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 328,440.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,213.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030940605 MORTGAGORS: FIDANZATO MICHAEL
FIDANZATO DIANA
REGION CODE ADDRESS : 61 DOYLE LANE
01 CITY : MONTGOMERY
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,712.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,140.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.33900
----------------------------------------------------------------
0 0030940704 MORTGAGORS: COTE JEFFREY
COTE MICHELLE
REGION CODE ADDRESS : 111 MILTON STREET
01 CITY : MILTON
STATE/ZIP : MA 02186
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,753.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.39 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: 1,562,840.00
P & I AMT: 11,201.11
UPB AMT: 1,561,737.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030941090 MORTGAGORS: LANZ PAUL
LANZ DIANNA
REGION CODE ADDRESS : 2612 SHAVANO COURT
01 CITY : FT COLLINS
STATE/ZIP : CO 80525
MORTGAGE AMOUNT : 86,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 86,279.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 627.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 46.38000
----------------------------------------------------------------
0 0030941348 MORTGAGORS: OUELLET JOHN
OUELLET DIANNE
REGION CODE ADDRESS : 577 BRADFORD STREET
01 CITY : PASADENA
STATE/ZIP : CA 91105
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,661.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,312.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030941702 MORTGAGORS: MARCHBANKS GREGORY
REGION CODE ADDRESS : 1401 PEBBLE CREEK DRIVE
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,051.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,546.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030941777 MORTGAGORS: JOHNSON JAMES
JOHNSON KAREN
REGION CODE ADDRESS : 920 HARVARD
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,306.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
0 0030941926 MORTGAGORS: ERFANI BEHZAD
MEHRABIAN NILOUFAR
REGION CODE ADDRESS : 10308 BRITTENFORD DRIVE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 366,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,854.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,561.92 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: 1,413,900.00
P & I AMT: 10,014.68
UPB AMT: 1,412,153.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030942015 MORTGAGORS: CLASEN MARK
CLASEN CARLA
REGION CODE ADDRESS : 8735 TOFTREES LANE
01 CITY : SPRINGBORO
STATE/ZIP : OH 45066
MORTGAGE AMOUNT : 343,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,669.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,523.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030942064 MORTGAGORS: FARRELL THOMAS
FARRELL KERYL
REGION CODE ADDRESS : 3598 LOST CREEK BOULEVARD
01 CITY : AUSTIN
STATE/ZIP : TX 78735
MORTGAGE AMOUNT : 434,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,677.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,034.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.90900
----------------------------------------------------------------
0 0030942403 MORTGAGORS: MCFEELY JAMES
DRINKARD KATHRYN
REGION CODE ADDRESS : 185 CREST VIEW DRIVE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,378.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,029.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030942825 MORTGAGORS: LEIBOVICH JOAN
SUTTON THEODORE
REGION CODE ADDRESS : LIGHTHOUSE ROAD
01 CITY : GAY HEAD
STATE/ZIP : MA 02535
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,191.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0030942858 MORTGAGORS: LATTANZIO SCOTT
LATTANZIO IRENE
REGION CODE ADDRESS : 24 CANTERBURY STREET
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 222,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,246.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,612.56 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: 1,863,300.00
P & I AMT: 13,391.82
UPB AMT: 1,861,972.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030942866 MORTGAGORS: SANDA SCOTT
SANDA LEAH
REGION CODE ADDRESS : 4150 LAWN
01 CITY : WESTERN SPRINGS
STATE/ZIP : IL 60558
MORTGAGE AMOUNT : 261,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,415.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,874.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030942924 MORTGAGORS: LANING KURT
LANING CAROL
REGION CODE ADDRESS : 338 HEARTHSTONE LANE
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 381,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,696.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,698.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0030943062 MORTGAGORS: H0FFMAN JOHN
HOFFMAN KAREN
REGION CODE ADDRESS : 108 WILSHIRE DRIVE
01 CITY : CRANFORD
STATE/ZIP : NJ 07016
MORTGAGE AMOUNT : 239,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,631.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,759.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0030943104 MORTGAGORS: ROBERTS JOHN
ROBERTS MARY
REGION CODE ADDRESS : 1504 CEDAR PLACE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 373,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,455.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,774.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 65.56100
----------------------------------------------------------------
0 0030943229 MORTGAGORS: EMIL JEFFREY
EMIL BARBARA
REGION CODE ADDRESS : 6324 S QUEENSWAY DRIVE
01 CITY : TEMPLE TERRACE
STATE/ZIP : FL 33617
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,329.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.55 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: 1,503,900.00
P & I AMT: 10,901.80
UPB AMT: 1,502,528.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030943328 MORTGAGORS: SCHNEIDER ROBERT
HENTHORN JULIE
REGION CODE ADDRESS : 3647 CODY ROAD
01 CITY : LOS ANGELES SHERMAN OAKS
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,714.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,118.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.27200
----------------------------------------------------------------
0 0030943427 MORTGAGORS: BENISH ROBERT
HICKEY-BENISH ELIZABETH
REGION CODE ADDRESS : 5 EAST GOULDING STREET
01 CITY : SHERBORN
STATE/ZIP : MA 01770
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,826.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 62.16800
----------------------------------------------------------------
0 0030943732 MORTGAGORS: PARKS JUDY
PARKS WILLIAM
REGION CODE ADDRESS : 5426 QUAIL RUN
01 CITY : FRISCO
STATE/ZIP : TX 75034
MORTGAGE AMOUNT : 309,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,482.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,273.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98821
----------------------------------------------------------------
0 0030943815 MORTGAGORS: DONAHUE TIMOTHY
DONAHUE DIANE
REGION CODE ADDRESS : 2044 MAGNOLIA RIDGE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35216
MORTGAGE AMOUNT : 357,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,247.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,561.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.26300
----------------------------------------------------------------
0 0030943864 MORTGAGORS: LUSBY JOSHUA
LUSBY ADRIENNE
REGION CODE ADDRESS : 1827 ROTARY DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90026
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,830.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.85700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,596,400.00
P & I AMT: 11,630.39
UPB AMT: 1,595,102.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030943880 MORTGAGORS: IOVINO ARTHUR
IOVINO DIANE
REGION CODE ADDRESS : 12008 FLINT DRIVE
01 CITY : LOCKPORT
STATE/ZIP : IL 60441
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030943906 MORTGAGORS: CRAIGMYLE MARY
REGION CODE ADDRESS : 40 E 62ND STREET
01 CITY : NEW YORK
STATE/ZIP : NY 10021
MORTGAGE AMOUNT : 292,125.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,690.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,042.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030943955 MORTGAGORS: KIRCH B
SANCHEZ LISA
REGION CODE ADDRESS : 13049 MORNINGSIDE WAY
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 267,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,710.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030944110 MORTGAGORS: SMITH RICHARD
SMITH MARY BETH
REGION CODE ADDRESS : 57 WINTHROP ROAD
01 CITY : LAWRENCEVILLE
STATE/ZIP : NJ 08648
MORTGAGE AMOUNT : 223,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,034.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,560.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030944128 MORTGAGORS: BARTELS GREGORY
BARTELS LINDA
REGION CODE ADDRESS : 1600 CASTLE ROCK
01 CITY : COLUMBIA
STATE/ZIP : MO 65203
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,600.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,205.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.28500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,588,225.00
P & I AMT: 11,378.87
UPB AMT: 1,586,885.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030944268 MORTGAGORS: GOMEZ KAREN
GOMEZ WILLIAM
REGION CODE ADDRESS : 1223 BIRCHDALE LANE
01 CITY : AURORA
STATE/ZIP : IL 60504
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,223.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99036
----------------------------------------------------------------
0 0030944599 MORTGAGORS: SIDWELL WILLIAM
SIDWELL ANNE
REGION CODE ADDRESS : 327 JACKSON ST.
01 CITY : DENVER
STATE/ZIP : CO 80209
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,834.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.21271
----------------------------------------------------------------
0 0030944854 MORTGAGORS: SUTTON JOSEPH
SUTTON ANN
REGION CODE ADDRESS : 4 KINNEY CIRCLE
01 CITY : GREENWICH TWP.
STATE/ZIP : NJ 08886
MORTGAGE AMOUNT : 231,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,453.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030944888 MORTGAGORS: ELWADHI DILIP
ELWADHI MANISHA
REGION CODE ADDRESS : 10993 CLOVER HUNT COURT
01 CITY : RESTON
STATE/ZIP : VA 20194
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,568.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,185.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.45900
----------------------------------------------------------------
0 0030944961 MORTGAGORS: ROBERTS M. GARY
ROBERTS BARBARA
REGION CODE ADDRESS : 142 COUNTRY CLUB W.
01 CITY : DESTIN
STATE/ZIP : FL 35241
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.80500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,309,150.00
P & I AMT: 9,434.88
UPB AMT: 1,307,871.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030945067 MORTGAGORS: HYBNER DANIEL
REGION CODE ADDRESS : 3100 LAKE HOLLYWOOD DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030945117 MORTGAGORS: WITTMER JAMES
WITTMER MARGARET
REGION CODE ADDRESS : 23626 W FALCON CREST PLACE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 184,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 183,866.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,302.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030945158 MORTGAGORS: POST ROBERT
POST ELEANOR
REGION CODE ADDRESS : 2175 BENTBROOKE TRAIL
01 CITY : LAWRENCEVILLE
STATE/ZIP : GA 30043
MORTGAGE AMOUNT : 237,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,982.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0030945562 MORTGAGORS: EBRIGHT ELLIOTT
EBRIGHT NANCY
REGION CODE ADDRESS : 8937 E. CALLE DE LAS BRISAS
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 279,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,506.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,028.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.02300
----------------------------------------------------------------
0 0030945570 MORTGAGORS: FORTNEY TIMOTHY
FORTNEY JULIE
REGION CODE ADDRESS : 7410 PINE KNOLL CIRCLE
01 CITY : PROSPECT
STATE/ZIP : KY 40059
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.58500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,000.00
P & I AMT: 10,813.80
UPB AMT: 1,499,801.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030945703 MORTGAGORS: BELLO LEONEL
GUERRERO-BELLO ALBINA
REGION CODE ADDRESS : 230 CLAREMONT BOULEVARD
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,600.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0030945778 MORTGAGORS: KWAN LAWRENCE
KWAN EMILY
REGION CODE ADDRESS : 1312 VIA MARGARITA
01 CITY : PALOS VERDES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 516,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 515,617.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,607.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030945877 MORTGAGORS: SESSOMS WILLIAM
REGION CODE ADDRESS : 4506 ATLANTIC AVE.
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23451
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030946206 MORTGAGORS: AL-MARASHI MURTADHA
AL-MARASHI SABAH
REGION CODE ADDRESS : 12333 MARAVILLA DRIVE
01 CITY : SALINAS
STATE/ZIP : CA 93908
MORTGAGE AMOUNT : 494,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 493,642.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.57100
----------------------------------------------------------------
0 0030946289 MORTGAGORS: CLEMENTS LISA
GREENSPOON MARC
REGION CODE ADDRESS : 21571 SCHOOLHOUSE COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20148
MORTGAGE AMOUNT : 230,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,707.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,779,050.00
P & I AMT: 12,596.57
UPB AMT: 1,777,390.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030946891 MORTGAGORS: MELVIN JOSEPH
MELVIN OLYMPIA
REGION CODE ADDRESS : 1604 LAMBERTS MILL ROAD
01 CITY : SCOTCH PLAINS
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,038.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.92600
----------------------------------------------------------------
0 0030946941 MORTGAGORS: MCLEOD DAVID
MCLEOD TAMILA
REGION CODE ADDRESS : 1628 BRACHVIEW COURT
01 CITY : KELLER
STATE/ZIP : TX 76248
MORTGAGE AMOUNT : 225,728.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,383.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,559.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0030947477 MORTGAGORS: GWYNN JOHN
GWYNN CYNTHIA
REGION CODE ADDRESS : 4055 NORTH RECKER ROAD #19
01 CITY : MESA
STATE/ZIP : AZ 85215
MORTGAGE AMOUNT : 326,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,692.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.74400
----------------------------------------------------------------
0 0030947725 MORTGAGORS: CREIGHAN PATRICIA
REGION CODE ADDRESS : 5 ALLEN AVENUE
01 CITY : MANCHESTER
STATE/ZIP : MA 01944
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030947741 MORTGAGORS: SAJKOSKI MICHAEL
SAJKOSKI KAREN
REGION CODE ADDRESS : 241722 PARK RIVERIA
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,273.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.83908
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,563,878.00
P & I AMT: 11,115.83
UPB AMT: 1,562,387.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030948012 MORTGAGORS: JACKSON KAREN
JACKSON WADE
REGION CODE ADDRESS : 214 WYCKOFF STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11217
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.54500
----------------------------------------------------------------
0 0030948053 MORTGAGORS: KIM ROBIN
KIM YOON
REGION CODE ADDRESS : 1403 WOODHURST BLVD
01 CITY : MC LEAN
STATE/ZIP : VA 22102
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,181.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,845.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
0 0030948160 MORTGAGORS: SCHNEIDER DOUGLAS
SCHNEIDER DEBORAH
REGION CODE ADDRESS : 1161 GOLDFINCH LANE
01 CITY : MILLERSVILLE
STATE/ZIP : MD 21108
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,196.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030948186 MORTGAGORS: CULP JOHN
CULP KAREN
REGION CODE ADDRESS : 826 EAST DESERT FLOWER LANE
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 409,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,868.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,966.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.69000
----------------------------------------------------------------
0 0030948210 MORTGAGORS: ROONEY PATRICK
ROONEY KATHLEEN
REGION CODE ADDRESS : 251 BRISTOL STREET
01 CITY : NORTHFIELD
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 592,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 591,639.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,193.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,086,050.00
P & I AMT: 14,787.31
UPB AMT: 2,083,885.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030948319 MORTGAGORS: WEINSTEIN HOWARD
WEINSTEIN TOBY
REGION CODE ADDRESS : 102 STONE THROW
01 CITY : TRUMBULL
STATE/ZIP : CT 06611
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.36800
----------------------------------------------------------------
0 0030948418 MORTGAGORS: HUNT SEAN
HUNT DEBORAH
REGION CODE ADDRESS : 1317 GATES MEADOW WAY
01 CITY : RESTON
STATE/ZIP : VA 20194
MORTGAGE AMOUNT : 297,459.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,238.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,079.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99994
----------------------------------------------------------------
0 0030948590 MORTGAGORS: FALBER STUART
FALBER SARAH
REGION CODE ADDRESS : 21 PECK AVENUE
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 342,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,270.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,513.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.27400
----------------------------------------------------------------
0 0030948616 MORTGAGORS: ALFONSO BERNADETTE
REGION CODE ADDRESS : 5 SEVELL CIRCLE
01 CITY : CLARK
STATE/ZIP : NJ 07066
MORTGAGE AMOUNT : 233,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,739.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,695.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0030948632 MORTGAGORS: GREEN DARREL
GREEN KELLY
REGION CODE ADDRESS : 1270 REGENCY CENTER DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30331
MORTGAGE AMOUNT : 261,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,120.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,455,159.00
P & I AMT: 10,448.52
UPB AMT: 1,454,136.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030948764 MORTGAGORS: HOYT JOHN
HOYT KAREN
REGION CODE ADDRESS : 334 POWDER MILL ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,788.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030948798 MORTGAGORS: MASSICOTT DAVID
MASSICOTT PATRICIA
REGION CODE ADDRESS : 33 HEMLOCK ROAD
01 CITY : CARLISLE
STATE/ZIP : MA 01741
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,843.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 61.53800
----------------------------------------------------------------
0 0030948855 MORTGAGORS: WALLACE TIMOTHY
WALLACE CATHERINE
REGION CODE ADDRESS : 4456 FARADAY DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95214
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,679.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030948897 MORTGAGORS: JOHNSON CARL
JOHNSON CATHY LYNNE
REGION CODE ADDRESS : 32 ASHLAND ROAD
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 373,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,442.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,709.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.07500
----------------------------------------------------------------
0 0030949150 MORTGAGORS: SANDOVAL CURTIS
ZELASKO JEANNE
REGION CODE ADDRESS : 2368 BACK NINE STREET
01 CITY : OCEANSIDE
STATE/ZIP : CA 92056
MORTGAGE AMOUNT : 220,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,977.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,559.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,374,000.00
P & I AMT: 9,966.22
UPB AMT: 1,372,730.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030949184 MORTGAGORS: BRUSSO JAMES
BRUSSO ANITA
REGION CODE ADDRESS : 3670 MARIA LANE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,693.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,001.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030949416 MORTGAGORS: CASANOVA FRANK
CASANOVA MARIE
REGION CODE ADDRESS : 2251 NORTH 32ND STREET
01 CITY : MESA
STATE/ZIP : AZ 85213
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,824.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.77700
----------------------------------------------------------------
0 0030949481 MORTGAGORS: APPELMAN KIMBERLY
REGION CODE ADDRESS : 27 CORNELL ST
01 CITY : EAST NORTHPORT
STATE/ZIP : NY 11731
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,820.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,051.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030949515 MORTGAGORS: WALKER GEORGE
WALKER PAULA
REGION CODE ADDRESS : 3060 NORTH RIDGECREST #158
01 CITY : MESA
STATE/ZIP : AZ 85207
MORTGAGE AMOUNT : 234,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,729.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0030949556 MORTGAGORS: HESS STUART
HESS MINDY
REGION CODE ADDRESS : 200 OLD PALISADE ROAD #26
01 CITY : FORT LEE
STATE/ZIP : NJ 07024
MORTGAGE AMOUNT : 324,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,373.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,411.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,385,700.00
P & I AMT: 10,049.52
UPB AMT: 1,384,441.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030949671 MORTGAGORS: ROSEN STUART
STUART JENNIFER
REGION CODE ADDRESS : 137 HIRST ROAD
01 CITY : BRIAR CLIFF MANOR
STATE/ZIP : NY 10510
MORTGAGE AMOUNT : 620,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 619,573.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,495.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.48100
----------------------------------------------------------------
0 0030949762 MORTGAGORS: SCHLICHTER K. JEFFREY
SCHLICHTER JEAN
REGION CODE ADDRESS : 1036 CAMBRIDGE CRESCENT
01 CITY : NORFOLK
STATE/ZIP : VA 23508
MORTGAGE AMOUNT : 229,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,437.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030949812 MORTGAGORS: YOUNG DAVID
REGION CODE ADDRESS : 9616 LAKEVIEW COURT
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,889.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030949820 MORTGAGORS: MCKITTRICK JAMES
MCKITTRICK JENNIFER
REGION CODE ADDRESS : 11746 FANTASIA COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,044.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.58200
----------------------------------------------------------------
0 0030949895 MORTGAGORS: ANDERSON DANIEL
ANDERSON HOLLY
REGION CODE ADDRESS : 16455 45TH AVENUE NORTH
01 CITY : PLYMOUTH
STATE/ZIP : MN 55446
MORTGAGE AMOUNT : 318,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,369.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,255.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,641,650.00
P & I AMT: 11,785.66
UPB AMT: 1,640,314.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030950281 MORTGAGORS: MCNABB RICK
MCNABB LYNN
REGION CODE ADDRESS : 672 WESLEY COURT
01 CITY : MENDOTA HEIGHTS
STATE/ZIP : MN 55118
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,664.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,284.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030950323 MORTGAGORS: ANDERSON JAMES
ANDERSON GLORIA
REGION CODE ADDRESS : 37 DEER HILLS DRIVE
01 CITY : NORTH OAKS
STATE/ZIP : MN 55127
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030950349 MORTGAGORS: IBARBIA EZEQUIEL
IBARBIA ANA
REGION CODE ADDRESS : 23326 LYNHAM PLACE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,401.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.87100
----------------------------------------------------------------
0 0030950620 MORTGAGORS: SMITH LAURA
BABCOCK PATRICIA
REGION CODE ADDRESS : 12 WEST WOOD ROAD
01 CITY : MANSFIELD
STATE/ZIP : CT 06268
MORTGAGE AMOUNT : 87,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 87,093.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 670.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030950695 MORTGAGORS: MARK ANDREI
MARK ARIELLE
REGION CODE ADDRESS : 39 SOUTH VIRGINIA COURT
01 CITY : ENGLEWOOD CLIFFS
STATE/ZIP : NJ 07632
MORTGAGE AMOUNT : 614,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 614,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,398.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.74000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,714,800.00
P & I AMT: 12,267.76
UPB AMT: 1,713,965.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030950703 MORTGAGORS: MIYAHARA RANDELL
MIYAHARA TAMMI
REGION CODE ADDRESS : 5073 VERNON SPRINGS DRIVE
01 CITY : DUNWOODY
STATE/ZIP : GA 30338
MORTGAGE AMOUNT : 225,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,839.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,632.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030950943 MORTGAGORS: BLOOMFIELD CHARLES
REGION CODE ADDRESS : 19061 WELLS DRIVE
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 338,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,778.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,570.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 66.31300
----------------------------------------------------------------
0 0030951024 MORTGAGORS: ALLEN BRUCE
ALLEN ANN
REGION CODE ADDRESS : 2681 E BRIDGEPORT AVENUE
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84121
MORTGAGE AMOUNT : 370,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,261.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030951131 MORTGAGORS: STANLEY STEPHEN
STANLEY JOSEPHINE
REGION CODE ADDRESS : 241 NEW CANAAN RD
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 356,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,854.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,581.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98100
----------------------------------------------------------------
0 0030951172 MORTGAGORS: CRABB CHRISTOPHER
CRABB PAULA
REGION CODE ADDRESS : 1937 KAKELA DRIVE
01 CITY : HONOLULU
STATE/ZIP : HI 96822
MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,353.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,149.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.25100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,735,250.00
P & I AMT: 12,559.23
UPB AMT: 1,733,087.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030951214 MORTGAGORS: MONTALVO JOEL
KONODI DENISE
REGION CODE ADDRESS : 27840 RON RIDGE DRIVE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 248,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,473.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030951420 MORTGAGORS: PLOTNER ALAN
PLOTNER BARBARA
REGION CODE ADDRESS : 734 CROWN MEADOW DRIVE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,332.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,255.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030951487 MORTGAGORS: GARRETT STEPHEN
GARRETT ELIZABETH
REGION CODE ADDRESS : 11 DELLWOOD DRIVE
01 CITY : FLORHAM PARK
STATE/ZIP : NJ 07932
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030951552 MORTGAGORS: WAN TZU-CHIANG
WAN SHU-WEN
REGION CODE ADDRESS : 1484 TARTARIAN WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,655.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 53.11200
----------------------------------------------------------------
0 0030951693 MORTGAGORS: BEEBOUT CHARLES
BEEBOUT MARY
REGION CODE ADDRESS : 2405 STRICKLER ROAD
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80906
MORTGAGE AMOUNT : 301,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,661.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,605,950.00
P & I AMT: 11,649.28
UPB AMT: 1,604,121.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030951818 MORTGAGORS: STROTT JOHN
STROTT DEBORAH
REGION CODE ADDRESS : 5813 OAK LEATHER DRIVE
01 CITY : BURKE
STATE/ZIP : VA 22015
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,328.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030951859 MORTGAGORS: GOTTLIEB JAMES
GOTTLIEB LEA
REGION CODE ADDRESS : 6217 W 78TH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 280,725.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,526.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,011.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030952360 MORTGAGORS: GORMAN GARY
REGION CODE ADDRESS : 4530 SOUTH VERBENA #331
01 CITY : DENVER
STATE/ZIP : CO 80237
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030952485 MORTGAGORS: BENGUEREL MARK
BENGUEREL ELIZABETH
REGION CODE ADDRESS : 7950 SPRUCE COURT
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,668.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030952568 MORTGAGORS: EVANS-CLAASSEN ANTHONY
EVANS-CLAASSEN MATHILDE
REGION CODE ADDRESS : 190 WINDMILL DRIVE
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,686.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,563.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 73.84600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,461,475.00
P & I AMT: 10,634.46
UPB AMT: 1,460,309.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030952725 MORTGAGORS: KEELING RICHARD
ENGSTROM ERIC
REGION CODE ADDRESS : 2987 WOODS EDGE WAY
01 CITY : MADISON
STATE/ZIP : WI 53711
MORTGAGE AMOUNT : 293,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,397.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.26300
----------------------------------------------------------------
0 0030952790 MORTGAGORS: MAHRT LONNIE
MAHRT CARLA
REGION CODE ADDRESS : 2248 SO 186TH STREET
01 CITY : OMAHA
STATE/ZIP : NE 68130
MORTGAGE AMOUNT : 305,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,389.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,215.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030953046 MORTGAGORS: BANARD CHRISTOPHER
BANARD CHARLENE
REGION CODE ADDRESS : 144 CASTLE COURT
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 382,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,143.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,805.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030953574 MORTGAGORS: KUMAR K. SAMPATH
KUMAR SOWMYA
REGION CODE ADDRESS : 3 LEGEND LANE
01 CITY : HOUSTON
STATE/ZIP : TX 77204
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,535.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030953723 MORTGAGORS: KACZMAREK THOMAS
KACZMAREK LORI
REGION CODE ADDRESS : 5613 STONEACRE PLACE
01 CITY : GLEN ALLEN
STATE/ZIP : VA 23060
MORTGAGE AMOUNT : 311,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,824.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,612,650.00
P & I AMT: 11,617.08
UPB AMT: 1,611,291.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030953749 MORTGAGORS: GRANGER GREGORY
REGION CODE ADDRESS : 319 MILL NECK ROAD
01 CITY : WILLIAMSBURG
STATE/ZIP : VA 32185
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,840.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.66660
----------------------------------------------------------------
0 0030953798 MORTGAGORS: BOSSERT SUSAN
REGION CODE ADDRESS : 1832 GROVE STREET
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 341,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,415.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030953889 MORTGAGORS: GUARNIERI SAMUEL
GUARNIERI ELLEN
REGION CODE ADDRESS : 28 HARVEST LANE
01 CITY : MEDFORD
STATE/ZIP : NJ 08055
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,822.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.88200
----------------------------------------------------------------
0 0030953939 MORTGAGORS: WINZ STEFAN
WINZ JANET
REGION CODE ADDRESS : 18 LEWIS DRIVE
01 CITY : BRIDGEWATER
STATE/ZIP : NJ 08807
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,430.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.87400
----------------------------------------------------------------
0 0030953962 MORTGAGORS: MONTRONE WILLIAM
MONTRONE SANDRA
REGION CODE ADDRESS : 96 SILVER SPRING ROAD
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,756.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,471.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 55.20000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,405,200.00
P & I AMT: 10,139.97
UPB AMT: 1,404,049.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030954077 MORTGAGORS: TITUS ROBERT
TITUS KAREN
REGION CODE ADDRESS : 12095 CELOME LANE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92129
MORTGAGE AMOUNT : 244,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,136.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.83600
----------------------------------------------------------------
0 0030954093 MORTGAGORS: GOMEZ DAVID
GOMEZ RUTH
REGION CODE ADDRESS : 32720 MULHOLLAND HWY
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 649,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,041.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,653.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.16600
----------------------------------------------------------------
0 0030954168 MORTGAGORS: DESHLER JACK
CASSELL KAREN
REGION CODE ADDRESS : 4755 VIA MONTANA
01 CITY : LA QUINTA
STATE/ZIP : CA 92253
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,575.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.92200
----------------------------------------------------------------
0 0030954267 MORTGAGORS: YOUNGQUIST MICHAEL
YOSHIKAWA STEPHANIE
REGION CODE ADDRESS : 452 MERION AVENUE
01 CITY : PALO ALTO
STATE/ZIP : CA 94301
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,735.33 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 : 66.96428
----------------------------------------------------------------
0 0030954275 MORTGAGORS: PON BARRY
MA HELEN
REGION CODE ADDRESS : 513 HELEN DRIVE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.28571
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,828,800.00
P & I AMT: 13,144.16
UPB AMT: 1,827,304.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030954309 MORTGAGORS: HARVEY ANDREW
HARVEY JANET
REGION CODE ADDRESS : 3215 GLENDA COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,792.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.44155
----------------------------------------------------------------
0 0030954317 MORTGAGORS: DUCHARME GEORGE
DUCHARME AMPARO
REGION CODE ADDRESS : 3040 ESPANA LANE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
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 : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030954358 MORTGAGORS: KERNER RICHARD
KERNER CAROL
REGION CODE ADDRESS : 506 LIVE OAK LANE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030954390 MORTGAGORS: PHILLIPS PAUL
PHILLIPS JOSHUA
REGION CODE ADDRESS : 12533 ALLIN STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,823.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030954440 MORTGAGORS: APOR KEVIN
REGION CODE ADDRESS : 1111 - 1113 CYPRESS AVENUE
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.21700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,389,000.00
P & I AMT: 9,963.38
UPB AMT: 1,387,847.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030954473 MORTGAGORS: SLAP ROBERT
SLAP TRACY
REGION CODE ADDRESS : 373 BRYAN DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 496,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 496,105.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,645.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030954507 MORTGAGORS: PETERS KEVIN
PETERS IMELDA
REGION CODE ADDRESS : 3571 EAST AVENUE
01 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,375.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,404.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030954515 MORTGAGORS: PATALONO ANTHONY
PATALONO SUSAN
REGION CODE ADDRESS : 17112 PLEASANT CIRCLE CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,823.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.50700
----------------------------------------------------------------
0 0030954697 MORTGAGORS: LASKY SUNIE
REGION CODE ADDRESS : 1063 S. STEARNS DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,021.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030954820 MORTGAGORS: FOWELLS JAMES
REGION CODE ADDRESS : 13022 W. LASALLE CIR.
01 CITY : LAKEWOOD
STATE/ZIP : CO 80228
MORTGAGE AMOUNT : 299,999.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,792.53 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 : 78.53300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,798,199.00
P & I AMT: 13,144.63
UPB AMT: 1,796,118.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030954986 MORTGAGORS: TOTORO VINCENT
CHRIST KATHRYN
REGION CODE ADDRESS : 91 PRIMROSE STREET
01 CITY : KATONAH
STATE/ZIP : NY 10536
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030955090 MORTGAGORS: MOORE RANDI
MOORE JAMES
REGION CODE ADDRESS : 8545 LOOKOUT MOUNTAIN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,412.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030955173 MORTGAGORS: THOMPSON CHARLES
THOMPSON DEBRA
REGION CODE ADDRESS : 707 RIESLING COURT
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,079.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030955207 MORTGAGORS: DEBEVOISE BRUCE
DEBEVOISE MARIE
REGION CODE ADDRESS : 4471 HOLLISTER AVENUE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93110
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.10400
----------------------------------------------------------------
0 0030955280 MORTGAGORS: SOLOMON MICHELLE
SOLOMON PAUL
REGION CODE ADDRESS : 15755 ALTO WAY
01 CITY : SALINAS
STATE/ZIP : CA 93907
MORTGAGE AMOUNT : 231,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,172.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,658.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.18100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,211,500.00
P & I AMT: 8,659.27
UPB AMT: 1,210,476.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030955355 MORTGAGORS: KLOTZ ANDREW
REGION CODE ADDRESS : 1371 WILLOW STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 253,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,021.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,813.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.33300
----------------------------------------------------------------
0 0030955504 MORTGAGORS: WILSON ROBERT
WILSON LISE
REGION CODE ADDRESS : 497 MCBRIDE DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 426,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,313.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,130.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.17800
----------------------------------------------------------------
0 0030955660 MORTGAGORS: GARDNER JOHN
REGION CODE ADDRESS : 63 DE BAUN AVENUE
01 CITY : RAMSEY
STATE/ZIP : NJ 07446
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,769.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 86.73700
----------------------------------------------------------------
0 0030955678 MORTGAGORS: DE MERITT DUSTIN
DE MERITT LISA
REGION CODE ADDRESS : 12560 PORTADA PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,846.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030955967 MORTGAGORS: MAC DONELL ROBERT
MAC DONELL CATHERINE
REGION CODE ADDRESS : 1228 NORTH ROAD
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 415,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,757.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,973.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,661,850.00
P & I AMT: 12,063.39
UPB AMT: 1,660,708.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030956015 MORTGAGORS: EVANS WILLIAM
EVANS KATHLEEN
REGION CODE ADDRESS : 7 FOX HOLLOW ROAD
01 CITY : BREWSTER
STATE/ZIP : NY 10509
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.84600
----------------------------------------------------------------
0 0030956288 MORTGAGORS: LEE LISA
REGION CODE ADDRESS : 435 NORTH BEACHWOOD DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90004
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,797.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,301.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 47.18400
----------------------------------------------------------------
0 0030956528 MORTGAGORS: DEWLING CRAIG
DEWLING MARIANNE
REGION CODE ADDRESS : 45 DALE DRIVE
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 370,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,145.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,685.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030956569 MORTGAGORS: DEJENE BROOK
MELLES BETHLEHEM
REGION CODE ADDRESS : 15 QUAIL COURT
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 411,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,202.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,912.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.59000
----------------------------------------------------------------
0 0030956734 MORTGAGORS: O'CONNOR MARK
REGION CODE ADDRESS : 376 & 378 LOMA TERRACE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,716.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,774.56 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: 1,723,900.00
P & I AMT: 12,414.70
UPB AMT: 1,722,695.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030957096 MORTGAGORS: ZERNICH GARY
ZERNICH DAWN
REGION CODE ADDRESS : 12580 WOODGREEN STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030957161 MORTGAGORS: FALLON LYNETTE
FALLON W
REGION CODE ADDRESS : 38 GOODHUE STREET
01 CITY : HAMILTON
STATE/ZIP : MA 01892
MORTGAGE AMOUNT : 421,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,710.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,052.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.96500
----------------------------------------------------------------
0 0030957187 MORTGAGORS: PEARLSON JONATHAN
PEARLSON GILLIAN
REGION CODE ADDRESS : 80 MORNINGSIDE LANE
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.15800
----------------------------------------------------------------
0 0030957195 MORTGAGORS: MILLER CHARLES
MILLER KATHY
REGION CODE ADDRESS : 4303 HOLLOW OAK DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 216,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,639.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,515.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030957344 MORTGAGORS: LALIK ELIZABETH
LAMMERS JEFFREY
REGION CODE ADDRESS : 3614 VEAZEY STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20008
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,020.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,460,000.00
P & I AMT: 10,553.20
UPB AMT: 1,458,988.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030957351 MORTGAGORS: LACH CHRISTOPHER
BURNS ROSALIND
REGION CODE ADDRESS : 2816 28TH STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20008
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030957393 MORTGAGORS: BAUER HORST
BAUER SANDRA
REGION CODE ADDRESS : 15235 VIA CORFINIO
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,586.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,252.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.74000
----------------------------------------------------------------
0 0030957443 MORTGAGORS: BUCKLEY JOHN
BUCKLEY NASEEM
REGION CODE ADDRESS : 1167 CENTRAL AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,676.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.10959
----------------------------------------------------------------
0 0030957450 MORTGAGORS: CHIANG CHING-LANG
CHIANG CHENGCHI
REGION CODE ADDRESS : 18358 MILL COURT
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 347,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,732.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,547.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.90900
----------------------------------------------------------------
0 0030957492 MORTGAGORS: FUKUMURA ROY
REGION CODE ADDRESS : 12312 JULIE LANE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,666.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,566.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.54054
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,344,200.00
P & I AMT: 9,705.29
UPB AMT: 1,342,494.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030957609 MORTGAGORS: LEE SEOK
LEE OK
REGION CODE ADDRESS : 6638 VERDE RIDGE ROAD
01 CITY : RANCHO PALOS VERDE
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,361.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,114.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030957724 MORTGAGORS: POUPARD CHRIS
POUPARD PATRICIA
REGION CODE ADDRESS : 895 ROXBURY DRIVE
01 CITY : PASADENA
STATE/ZIP : CA 91104
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,166.73 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 0030957757 MORTGAGORS: GULLEY WILLIAM
GULLEY KATHLEEN
REGION CODE ADDRESS : 1198 CHURCH STREET
01 CITY : VENTURA
STATE/ZIP : CA 93001
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,553.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 49.39300
----------------------------------------------------------------
0 0030958045 MORTGAGORS: ADLER CARY
ADLER CHERYL
REGION CODE ADDRESS : 6135 CORTE SANTIAGO
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,693.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,001.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030958078 MORTGAGORS: PROTTSMAN-PICKARD DEBRA
PICKARD PHILIP
REGION CODE ADDRESS : 1121 LOYOLA
01 CITY : LIBERTYVILLE
STATE/ZIP : IL 60048
MORTGAGE AMOUNT : 308,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,487.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,238.29 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: 1,728,200.00
P & I AMT: 12,370.11
UPB AMT: 1,726,261.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030958086 MORTGAGORS: JONES KENNETH
JONES MARGARET
REGION CODE ADDRESS : 114 HOLLYCREST DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,635.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030958185 MORTGAGORS: ALBERTS NEAL
ALBERTS MADONNA
REGION CODE ADDRESS : 9717 CAMDEN HILLS AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89128
MORTGAGE AMOUNT : 270,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,364.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,011.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 76.88500
----------------------------------------------------------------
0 0030958300 MORTGAGORS: STARZ DAVID
STARZ CYNTHIA
REGION CODE ADDRESS : 1376 LORRAINE PLACE
01 CITY : SCHAUMBURG
STATE/ZIP : IL 60173
MORTGAGE AMOUNT : 236,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,736.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.67600
----------------------------------------------------------------
0 0030958490 MORTGAGORS: DESENA BERNARD
DESENA JOANNA
REGION CODE ADDRESS : 314 CHERRY STREET
01 CITY : PARK RIDGE
STATE/ZIP : IL 60068
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,805.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.93100
----------------------------------------------------------------
0 0030959589 MORTGAGORS: BRADY JAMES
BRADY FRANCINE
REGION CODE ADDRESS : 6 CHARLCOTE PLACE
01 CITY : BALTIMORE
STATE/ZIP : MD 21218
MORTGAGE AMOUNT : 293,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,592.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,104.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.24500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,361,600.00
P & I AMT: 9,945.19
UPB AMT: 1,360,135.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030959779 MORTGAGORS: COOK PLAYER
COOK KATE
REGION CODE ADDRESS : 4336 HIGHLANDER DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,680.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,557.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030960066 MORTGAGORS: PEER THOMAS
PEER AMY
REGION CODE ADDRESS : 9 TRINITY WAY
01 CITY : LAGRANGE
STATE/ZIP : NY 12540
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,000.00 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 0030960223 MORTGAGORS: BUTZ RIC
REGION CODE ADDRESS : 23229 WEST SAVORY PLACE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,596.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0030960231 MORTGAGORS: DOPF CRAIG
DOPF TINA
REGION CODE ADDRESS : 7841 NOLL VALLEY ROAD
01 CITY : MIDDLETOWN
STATE/ZIP : WI 53662
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,647.11 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 : 78.74000
----------------------------------------------------------------
0 0030960330 MORTGAGORS: SARDINAS LUIS
DUPAQUIER CAROLYN
REGION CODE ADDRESS : 5481 BIG SKY LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 273,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,112.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.27500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,539,500.00
P & I AMT: 11,010.22
UPB AMT: 1,538,036.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030960355 MORTGAGORS: BATES ROBERT
REGION CODE ADDRESS : 568 WOLF RUN ROAD
01 CITY : BARTONVILLE
STATE/ZIP : TX 75067
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,801.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030960496 MORTGAGORS: VINCENT PETER
REGION CODE ADDRESS : 6180 DIAMOND DELL CIRCLE
01 CITY : KAMAS
STATE/ZIP : UT 84036
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,765.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,568.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.16400
----------------------------------------------------------------
0 0030960579 MORTGAGORS: HEISLER DOUGLAS
RASSAS CHERYL
REGION CODE ADDRESS : 1830 MASSACHUSETTS AVENUE
01 CITY : MC LEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,708.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,074.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030960975 MORTGAGORS: BAKER SIDNEY
BAKER NATALIA
REGION CODE ADDRESS : 40 HILLSIDE RD NORTH
01 CITY : WESTON
STATE/ZIP : CT 06883
MORTGAGE AMOUNT : 379,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,739.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,748.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.28800
----------------------------------------------------------------
0 0030961130 MORTGAGORS: LOCKARD STEVEN
LOCKARD MARYANN
REGION CODE ADDRESS : 14056 E. DESERT COVE AVENUE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 310,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,325.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,198.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,731,550.00
P & I AMT: 12,462.45
UPB AMT: 1,730,338.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030961213 MORTGAGORS: RYAN BARBARA
MARDER MARTIN
REGION CODE ADDRESS : 789 ENCINA GRANDE DRIVE
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 554,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 554,108.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,972.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.31200
----------------------------------------------------------------
0 0030961452 MORTGAGORS: BLINDERMAN DAVID
BLINDERMAN JACQUELINE
REGION CODE ADDRESS : 6026 WELLSLEY WAY
01 CITY : BRENTWOOD
STATE/ZIP : TN 37027
MORTGAGE AMOUNT : 246,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,980.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030961486 MORTGAGORS: SCHNEIDER MICHAEL
SCHNEIDER VICKIE
REGION CODE ADDRESS : 643 GLEN LAKES DRIVE
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 182,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 182,674.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,325.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030961510 MORTGAGORS: WHITE CAROL
REGION CODE ADDRESS : 14629 FLANDERS COURT
01 CITY : ADDISON
STATE/ZIP : TX 75244
MORTGAGE AMOUNT : 129,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 129,508.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 928.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030961536 MORTGAGORS: GILLHAM MARY
REGION CODE ADDRESS : 1147 CHANTILLY RIDGE
01 CITY : ATLANTA
STATE/ZIP : GA 30342
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,688.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,333,050.00
P & I AMT: 9,587.28
UPB AMT: 1,331,960.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030961585 MORTGAGORS: AHMED SOBHY
AHMED BARBARA
REGION CODE ADDRESS : 5 LINDA LANE
01 CITY : TINTON FALLS
STATE/ZIP : NJ 07724
MORTGAGE AMOUNT : 234,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,397.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0030961767 MORTGAGORS: FORD ELEANOR
REGION CODE ADDRESS : 13412 BREGMAN ROAD
01 CITY : SILVER SPRING
STATE/ZIP : MD 20904
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,166.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030961809 MORTGAGORS: STAAB THOMAS
STAAB CAROLYN
REGION CODE ADDRESS : 12557 MARY POWELL LANE
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 234,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,425.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.97900
----------------------------------------------------------------
0 0030961817 MORTGAGORS: REISON DENNIS
REISON GRETCHEN
REGION CODE ADDRESS : 17 NORTH NECK ROAD
01 CITY : EDGARTOWN
STATE/ZIP : MA 02539
MORTGAGE AMOUNT : 403,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,429.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,887.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 51.33700
----------------------------------------------------------------
0 0030961825 MORTGAGORS: NYGREN MICHAEL
PARR CAROL
REGION CODE ADDRESS : 25428 N. VERNE COURT
01 CITY : STEVENSON RANCH
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,618.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.20 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: 1,395,800.00
P & I AMT: 10,128.66
UPB AMT: 1,394,037.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030961833 MORTGAGORS: GARRETT PAMELA
GARRETT MICHAEL
REGION CODE ADDRESS : 261 LANDING BLVD
01 CITY : WESTON
STATE/ZIP : FL 33327
MORTGAGE AMOUNT : 292,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,185.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,096.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030961866 MORTGAGORS: WAPELHORST JOHN
WAPELHORST PATRICIA
REGION CODE ADDRESS : 6 OVERHILL ROAD
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,732.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,618.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.32000
----------------------------------------------------------------
0 0030961874 MORTGAGORS: JONES ROBERT
JONES NANCY
REGION CODE ADDRESS : 3028 WHITTAKER ISLAND ROAD
01 CITY : WILLIAMSBURG
STATE/ZIP : VA 23185
MORTGAGE AMOUNT : 304,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,690.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.46900
----------------------------------------------------------------
0 0030961890 MORTGAGORS: TARRANT DENNIS
TARRANT PAULA
REGION CODE ADDRESS : 11528 TOTTENHAM PLACE
01 CITY : RICHMOND
STATE/ZIP : VA 23233
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,772.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,222.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.53000
----------------------------------------------------------------
0 0030962096 MORTGAGORS: SUTHERLAND WOODY
SUTHERLAND MARY JANE
REGION CODE ADDRESS : 3935 DEL MAR GLEN
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,612.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,190.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 85.50700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,576,500.00
P & I AMT: 11,338.66
UPB AMT: 1,574,993.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030962286 MORTGAGORS: ESHGHIPOUR NADAR
ADAMS JANET
REGION CODE ADDRESS : 55 LANSFORD COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,469.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,428.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.82300
----------------------------------------------------------------
0 0030962864 MORTGAGORS: CIANCI KATHLEEN
REGION CODE ADDRESS : 9 COURT LANE
01 CITY : IPSWICH
STATE/ZIP : MA 01938
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,901.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,113.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 43.47800
----------------------------------------------------------------
0 0030963169 MORTGAGORS: OSHER WILLIAM
OSHER GENINE
REGION CODE ADDRESS : 22 SOUTHRIDGE EAST
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,345.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,321.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.12658
----------------------------------------------------------------
0 0030963227 MORTGAGORS: WONG TAYLOR
REGION CODE ADDRESS : 285 SUMBA COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 124,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 124,716.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 915.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030963318 MORTGAGORS: HOFFMAN WILLIAM
HOFFMAN MARILYN
REGION CODE ADDRESS : 450 VERA DRIVE
01 CITY : RENO
STATE/ZIP : NV 89511
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,823.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,354,800.00
P & I AMT: 9,784.49
UPB AMT: 1,353,256.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030963342 MORTGAGORS: SIDNEY STEPHEN
SCHUMAN CAROLYN
REGION CODE ADDRESS : 128 RICAEDO AVE
01 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 545,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 544,264.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,995.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 67.95500
----------------------------------------------------------------
0 0030963490 MORTGAGORS: CLEMENTE JOHN
CLEMENTE DEBRA
REGION CODE ADDRESS : 2423 NOTTINGHAM AVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 45.85987
----------------------------------------------------------------
0 0030963532 MORTGAGORS: PARFITT RONALD
PARFITT DANA
REGION CODE ADDRESS : 225 WEST ELDEN LOOKOUT ROAD
01 CITY : FLAGSTAFF
STATE/ZIP : AZ 86001
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,481.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,515.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030963573 MORTGAGORS: CORDES JEFFREY
CORDES VALORIE
REGION CODE ADDRESS : 4401 MEANDERING WAY
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,128.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,246.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030963664 MORTGAGORS: CHLADEK DANIEL
CHLADEK LISA
REGION CODE ADDRESS : 918 CHINQUAPIN PLACE
01 CITY : HOUSTON
STATE/ZIP : TX 77094
MORTGAGE AMOUNT : 309,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,089.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,164.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,158,550.00
P & I AMT: 15,532.45
UPB AMT: 2,155,716.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030963730 MORTGAGORS: GORMAN DONALD
GORMAN LUCY
REGION CODE ADDRESS : 556 ISSAC COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 92.54100
----------------------------------------------------------------
0 0030963979 MORTGAGORS: CASEY REGINA
REGION CODE ADDRESS : 1003 SAMPLERS WAY
01 CITY : ROCKVILLE
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,590.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030964050 MORTGAGORS: ROBINSON MICHELLE
BUTTS ROBINSON
REGION CODE ADDRESS : 2431 MICHELTORENO STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030964365 MORTGAGORS: GOSS ERIC
GOSS KATHRYN
REGION CODE ADDRESS : 656 AUSTEN COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 302,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,181.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,140.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030964407 MORTGAGORS: CROWE JAMES
REGION CODE ADDRESS : 1039 WEST BELDEN AVENUE - UNIT 2
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 139,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,009.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,417,600.00
P & I AMT: 10,278.88
UPB AMT: 1,416,514.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030964480 MORTGAGORS: CLAYPOOL JON
CLAYPOOL IRENE
REGION CODE ADDRESS : 311 22ND STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,571.91 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 : 80.00000
----------------------------------------------------------------
0 0030964571 MORTGAGORS: HERBERT JAMES
HERBERT CARLA
REGION CODE ADDRESS : 4 PAISANO
01 CITY : ROCKPORT
STATE/ZIP : TX 78382
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,740.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,636.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030964589 MORTGAGORS: DEDEAUX BRIAN
REGION CODE ADDRESS : 1514 BATTLEFIELD
01 CITY : DALLAS
STATE/ZIP : TX 78000
MORTGAGE AMOUNT : 78,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 78,141.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 546.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030964886 MORTGAGORS: BRUTON CHRISTOPHER
REGION CODE ADDRESS : 2701 SYLVAN WAY
01 CITY : MC KINNEY
STATE/ZIP : TX 75070
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
0 0030964894 MORTGAGORS: GALLIVAN KATHLEEN
GALLIVAN JOSEPH
REGION CODE ADDRESS : 85 MANOR AVENUE
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.04 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: 1,342,200.00
P & I AMT: 9,670.89
UPB AMT: 1,341,222.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030965016 MORTGAGORS: MULLINGS HOWARD
MULLINGS NANETTE
REGION CODE ADDRESS : 285 THATCHER LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,680.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,492.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.86500
----------------------------------------------------------------
0 0030965115 MORTGAGORS: JOHNSON PAUL
JOHNSON KATHLEEN
REGION CODE ADDRESS : 3712 WEST DRAVUS STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98199
MORTGAGE AMOUNT : 256,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,969.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.18500
----------------------------------------------------------------
0 0030965362 MORTGAGORS: DUVALL VIOLA
REGION CODE ADDRESS : 122 TIBURON COURT
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,850.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 69.85000
----------------------------------------------------------------
0 0030965552 MORTGAGORS: ABEYTA RICHARD
REGION CODE ADDRESS : 10125 ROSE VIEW DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,566.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030965636 MORTGAGORS: LIPPIN RICHARD
LIPPIN RONNIE
REGION CODE ADDRESS : 596 TIGER TAIL
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 950,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 949,329.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,805.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 58.46100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,236,150.00
P & I AMT: 16,184.22
UPB AMT: 2,234,396.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030965784 MORTGAGORS: MITCHELL ALLEN
MITCHELL MARY
REGION CODE ADDRESS : 3704 LAKE ASPEN WEST DRIVE
01 CITY : GRETNA
STATE/ZIP : LA 70056
MORTGAGE AMOUNT : 253,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,470.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030965859 MORTGAGORS: IPSER JAMES
IPSER CATHERINE
REGION CODE ADDRESS : 2516 NW 22ND DRIVE
01 CITY : GAINESVILLE
STATE/ZIP : FL 32605
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,828.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.92300
----------------------------------------------------------------
0 0030966022 MORTGAGORS: PHAM DENNIS
PHAM ELIZABETH
REGION CODE ADDRESS : 1393 TANAKA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,304.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030966055 MORTGAGORS: DUNKERLY LARRY
DUNKERLY JUDITH
REGION CODE ADDRESS : 29 CARNABY DRIVE
01 CITY : BROWNSBURG
STATE/ZIP : IN 46112
MORTGAGE AMOUNT : 326,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,031.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,393.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030966105 MORTGAGORS: JUE CLAYTON
JUE MARILOU
REGION CODE ADDRESS : 1534 IRVING STREET #101
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94112
MORTGAGE AMOUNT : 182,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 182,277.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,338.39 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: 1,282,800.00
P & I AMT: 9,282.54
UPB AMT: 1,281,913.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030966170 MORTGAGORS: BRZEZINSKI MICHAEL
BRZEZINSKI DONNA JO
REGION CODE ADDRESS : 49 SUMMIT DRIVE
01 CITY : DENVILLE
STATE/ZIP : NJ 07834
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,823.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 73.97200
----------------------------------------------------------------
0 0030966196 MORTGAGORS: HAKIM JAMES
HAKIM LORETTA
REGION CODE ADDRESS : 30 FERN PLACE
01 CITY : BERKELEY HEIGHTS
STATE/ZIP : NJ 07922
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,631.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0030966337 MORTGAGORS: WINTER STEVEN
REGION CODE ADDRESS : 2801 BRENTWOOD ROAD
01 CITY : COLUMBUS
STATE/ZIP : OH 43209
MORTGAGE AMOUNT : 268,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030966899 MORTGAGORS: FABIAN DAVID
FABIAN DEBRA
REGION CODE ADDRESS : 98 HILLSIDE AVENUE
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030966998 MORTGAGORS: HENRIKSEN WAYNE
HENRIKSEN PAULA
REGION CODE ADDRESS : 8907 135TH DRIVE SOUTHEAST
01 CITY : SNOHOMISH
STATE/ZIP : WA 98290
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,784.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.72 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: 1,353,200.00
P & I AMT: 9,682.30
UPB AMT: 1,352,240.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030967004 MORTGAGORS: COATS BRAD
COATS JUDITH
REGION CODE ADDRESS : U.S.HIGHWAY 17 PARCEL 42
01 CITY : TAPPAHANNOCK
STATE/ZIP : VA 22560
MORTGAGE AMOUNT : 335,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,019.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,430.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030967178 MORTGAGORS: BROWN REGINALD
BROWN MARJESTINE
REGION CODE ADDRESS : 14509 CRIM STATION RD
01 CITY : CENTREVILLE
STATE/ZIP : VA 22020
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,581.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.69800
----------------------------------------------------------------
0 0030967186 MORTGAGORS: YOUNG ROBERT
YOUNG SALLY
REGION CODE ADDRESS : 1748 LOS OSOS VALLEY ROAD
01 CITY : LOS OSOS
STATE/ZIP : CA 93402
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0030967202 MORTGAGORS: KLEMCHUCK ROBERT
KLEMCHUCK SHERI
REGION CODE ADDRESS : 10445 BREWER AVENUE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 454,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,095.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,334.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.29000
----------------------------------------------------------------
0 0030967244 MORTGAGORS: HOWELL JAMES
HOWELL LINDA
REGION CODE ADDRESS : 42 COMMONWEALTH AVENUE, UNIT #1
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,807.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.42600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,782,400.00
P & I AMT: 12,812.45
UPB AMT: 1,781,150.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030967525 MORTGAGORS: ALAGAPPAN RAVI
ALAGAPPAN CECELIA
REGION CODE ADDRESS : 190 SADDLEBROOK DRIVE
01 CITY : JACKSON
STATE/ZIP : TN 38305
MORTGAGE AMOUNT : 279,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,547.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.40400
----------------------------------------------------------------
0 0030967590 MORTGAGORS: SYMONDS SHELLEY
REGION CODE ADDRESS : 971 HILLCROFT CIRCLE
01 CITY : OAKLAND
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,456.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,751.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030967624 MORTGAGORS: WEDIN JAY
WEDIN MARGARET
REGION CODE ADDRESS : 3 WEST MEADOW ROAD
01 CITY : GOLDENS BRIDGE
STATE/ZIP : NY 10526
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,814.47 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 0030967699 MORTGAGORS: TORLEY CHRISTOPHER
TORLEY KAYLA
REGION CODE ADDRESS : 6618 RAINTREE PLACE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,692.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,123.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030967855 MORTGAGORS: NGO PETER
NGUYEN UTEN
REGION CODE ADDRESS : 1825 TAMBOUR WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,817.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.88200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,627,750.00
P & I AMT: 11,684.49
UPB AMT: 1,626,327.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030967871 MORTGAGORS: BUI LINHTHAO
VU CUC
REGION CODE ADDRESS : 2891 AGUA VISTA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,008.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030967897 MORTGAGORS: DUTCH DAVID
GILBERTSON NANCY
REGION CODE ADDRESS : 3901 RICE BLVD
01 CITY : WEST UNIVERSITY PLACE
STATE/ZIP : TX 77005
MORTGAGE AMOUNT : 275,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,605.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968036 MORTGAGORS: PARKER DAVID
DEWILDE MARJORIE
REGION CODE ADDRESS : 775 SAN CARLOS AVENUE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,673.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030968051 MORTGAGORS: KEEN PAUL
POLAND RENE
REGION CODE ADDRESS : 2605 POND AVENUE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 311,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,030.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030968069 MORTGAGORS: HORNER KEVIN
HORNER GERMAINE
REGION CODE ADDRESS : 4748 CONEJO AVENUE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,351,750.00
P & I AMT: 9,706.19
UPB AMT: 1,350,649.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030968176 MORTGAGORS: MCMAHON MICHAEL
WALIN KAREN
REGION CODE ADDRESS : 10898 VIACHA DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92124
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,834.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968267 MORTGAGORS: LINGO BRADLEY
ANDERSON AMY
REGION CODE ADDRESS : 67 SOUTH FLAGSTONE PATH CIRCLE
01 CITY : THE WOODLANDS
STATE/ZIP : TX 77381
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,810.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968333 MORTGAGORS: STANCHEK THOMAS
STANCHEK DEANNA
REGION CODE ADDRESS : 28 MEADOWWOOD
01 CITY : LAS FLORES
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,824.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030968341 MORTGAGORS: CHAN WAI-SUN
HUANG HUI-CHU
REGION CODE ADDRESS : 5033 CARDUCCI DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,807.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,105.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030968358 MORTGAGORS: BONNIE ROSS
BONNIE LAURIE
REGION CODE ADDRESS : 20980 FOX HOLLOW DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,762.51 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 : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,358,000.00
P & I AMT: 9,724.92
UPB AMT: 1,357,039.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030968382 MORTGAGORS: PIRELLI HOLLY
REGION CODE ADDRESS : 2421 FOREST GLEN TRAIL
01 CITY : RIVERWOODS
STATE/ZIP : IL 60015
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.44400
----------------------------------------------------------------
0 0030968457 MORTGAGORS: FUNG KAI
CHOW MAY MEI
REGION CODE ADDRESS : 3500 AVENIDA PANTERA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 509,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 508,940.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,648.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.96400
----------------------------------------------------------------
0 0030968499 MORTGAGORS: WALLER ERIC
WALLER KATHLEEN
REGION CODE ADDRESS : 2120 EAST WOODLYN ROAD
01 CITY : PASADENA
STATE/ZIP : CA 91104
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,226.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968549 MORTGAGORS: SHIRAZI JALIL
SHIRAZI FAHIMEH
REGION CODE ADDRESS : 100 ICHABOD CRANE LANE
01 CITY : MONTGOMERY TOWNSHIP
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 444,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,094.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,222.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0030968606 MORTGAGORS: FORGEY DONALD
FORGEY CASSANDRA
REGION CODE ADDRESS : 1730 FAIRMOUNT AVENUE
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,885,100.00
P & I AMT: 13,543.57
UPB AMT: 1,883,975.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030968622 MORTGAGORS: SHERMAN MARK
REGION CODE ADDRESS : 4008 TERNEZ DRIVE
01 CITY : MOORPARK
STATE/ZIP : CA 93021
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968747 MORTGAGORS: BLAUER KEITH
BLAUER RAYE
REGION CODE ADDRESS : 12112 VALE ROAD
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 479,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,561.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,438.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0030968911 MORTGAGORS: LECKENBY NANCY
LECKENBY GEORGE
REGION CODE ADDRESS : 3602 39TH AVENUE
01 CITY : SEATTLE
STATE/ZIP : WA 98199
MORTGAGE AMOUNT : 220,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,636.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,543.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968945 MORTGAGORS: GAY THOMAS
GAY CYNTHIA
REGION CODE ADDRESS : 313 GREENWAY LANE
01 CITY : RICHMOND
STATE/ZIP : VA 23226
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0030968986 MORTGAGORS: BEYLER JOHN
DEVLIN-BEYLER KAREN
REGION CODE ADDRESS : 612 FAIRMONT AVENUE
01 CITY : WESTVILLE
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 304,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,974.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,564,900.00
P & I AMT: 11,114.06
UPB AMT: 1,563,774.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030969000 MORTGAGORS: JONES GEORGE
JONES MARJORIE
REGION CODE ADDRESS : 590 FIRESTONE COURT
01 CITY : AUGUSTA
STATE/ZIP : GA 30907
MORTGAGE AMOUNT : 284,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,486.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030969034 MORTGAGORS: WATSON GERARD
MUTONE-WATSON PHYLLIS
REGION CODE ADDRESS : 46 GARFIELD AVENUE
01 CITY : MADISON BOROUGH
STATE/ZIP : NJ 07940
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 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 : 74.28500
----------------------------------------------------------------
0 0030969083 MORTGAGORS: MILLER ROBERT
MILLER MELISSA
REGION CODE ADDRESS : 19 DORSET LANE
01 CITY : ANDOVER TOWNSHIP
STATE/ZIP : NJ 07848
MORTGAGE AMOUNT : 213,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,545.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030969133 MORTGAGORS: ZINGERY MARK
ZINGERY KAREN
REGION CODE ADDRESS : 4241 N. PAINTED QUAIL DRIVE
01 CITY : TUCSON
STATE/ZIP : AZ 85750
MORTGAGE AMOUNT : 364,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,535.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,582.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030969224 MORTGAGORS: HAINES GREGORY
HAINES BARBARA
REGION CODE ADDRESS : 7 QUAIL COURT
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 335,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,957.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,372.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,848,050.00
P & I AMT: 13,117.22
UPB AMT: 1,847,129.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030969331 MORTGAGORS: FLAME BRIAN
FLAME CINDY
REGION CODE ADDRESS : 5135 ORRVILLE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,806.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 82.57100
----------------------------------------------------------------
0 0030969372 MORTGAGORS: BEETSCHEN EDWARD
REGION CODE ADDRESS : 3297 KEESHEN DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 319,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,880.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,313.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030969521 MORTGAGORS: LILJESTRAND JOHN
LILJESTRAND CHRISTIE
REGION CODE ADDRESS : 11025 NICHOLAS PLACE
01 CITY : IJAMSVILLE
STATE/ZIP : MD 21742
MORTGAGE AMOUNT : 245,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,326.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.62800
----------------------------------------------------------------
0 0030969570 MORTGAGORS: WELLINGTON CHRISTOPHER
WELLINGTON MELINDA
REGION CODE ADDRESS : 816 LILAC WAY
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 436,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,475.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,054.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030969596 MORTGAGORS: JESUNG NOSHIR
JESUNG GOOL
REGION CODE ADDRESS : 7121 NIMROD DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,518,400.00
P & I AMT: 10,920.24
UPB AMT: 1,517,336.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030969653 MORTGAGORS: KELLSTROM MARK
KELLSTROM CATHRYN
REGION CODE ADDRESS : 81 CHANDLER ROAD
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 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 : 36.45800
----------------------------------------------------------------
0 0030969836 MORTGAGORS: ENG RICARDO
VAN ZANT CHRISTINE
REGION CODE ADDRESS : 131 FORREST ROAD
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 289,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,569.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030969984 MORTGAGORS: POJMAN ROBERT
POJMAN DEBORAH
REGION CODE ADDRESS : 3103 HAYDEN BEND
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,748.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,370.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.31700
----------------------------------------------------------------
0 0030970057 MORTGAGORS: COOKE SCOTT
REGION CODE ADDRESS : 3836 RUSSET FALLS STREET
01 CITY : LAS VEGAS
STATE/ZIP : NV 89128
MORTGAGE AMOUNT : 292,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,363.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,197.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0030970362 MORTGAGORS: MALICKI JAMES
MALICKI KATHLEEN
REGION CODE ADDRESS : 1208 HAMILTON DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19382
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.85600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,493,300.00
P & I AMT: 10,917.89
UPB AMT: 1,492,681.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030970636 MORTGAGORS: DIXON MONICA
DIXON DAVID
REGION CODE ADDRESS : 5005 BROOKDALE ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,768.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030970743 MORTGAGORS: LUCCHESI ROBERT
LUCCHESI ANN MARIE
REGION CODE ADDRESS : 48 FERNCLIFF ROAD
01 CITY : PARSIPPANY
STATE/ZIP : NJ 07054
MORTGAGE AMOUNT : 223,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030970792 MORTGAGORS: MATHESON BETH
REGION CODE ADDRESS : 234 SUMMIT AVENUE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,751.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030970826 MORTGAGORS: VANSAVAGE GARY
VANSAVAGE JENNIFER
REGION CODE ADDRESS : 5 RANDOLPH DRIVE
01 CITY : MORRISTOWN
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 230,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030971048 MORTGAGORS: LEE PENDOLA
LEE MICHAEL
REGION CODE ADDRESS : 642 38TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94121
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,461,600.00
P & I AMT: 10,430.79
UPB AMT: 1,461,155.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030971063 MORTGAGORS: BUNNEY ROBERT
BUNNEY SUSAN
REGION CODE ADDRESS : 24636 STEFFY DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 252,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,758.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------
0 0030971113 MORTGAGORS: PALLONE LOIS
REGION CODE ADDRESS : 30372 LE PORT
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,694.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,794.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.64200
----------------------------------------------------------------
0 0030971139 MORTGAGORS: VENKATARAMAN SRINIVASA
VENKATARAMAN SUDHA
REGION CODE ADDRESS : 273 FLAGSTONE TERRACE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030971162 MORTGAGORS: BRADFORD JANICE
REGION CODE ADDRESS : 49 E. 38TH AVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,220.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030971170 MORTGAGORS: ROSS MARK
ROSS NANCY
REGION CODE ADDRESS : 24 CORTE ALMADEN
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 46.44600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,500.00
P & I AMT: 9,932.69
UPB AMT: 1,391,323.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030971188 MORTGAGORS: HERNANDEZ JAIME
HERNANDEZ LISA
REGION CODE ADDRESS : 3690 BLUEBELL STREET
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 308,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,692.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,266.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.20500
----------------------------------------------------------------
0 0030971220 MORTGAGORS: HOLT TROY
HOLT TRACY
REGION CODE ADDRESS : 2964 LETHBRIDGE COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
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 : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030971378 MORTGAGORS: HELEWA DENNIS
DUFFY ELETHA
REGION CODE ADDRESS : 40 ASTER COURT
01 CITY : MONTGOMERY TWP,
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 412,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,672.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,096.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 92.00800
----------------------------------------------------------------
0 0030971600 MORTGAGORS: EPSTEIN FREDERIC
EPSTEIN KAREN
REGION CODE ADDRESS : 134 DALTON ROAD
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,817.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.64700
----------------------------------------------------------------
0 0030971626 MORTGAGORS: MOVERMAN ROBERT
MOVERMAN BARBARA
REGION CODE ADDRESS : 99 HAYMEADOW ROAD
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,827.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,482,100.00
P & I AMT: 10,903.90
UPB AMT: 1,480,845.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030971675 MORTGAGORS: STANGER KENNETH
STANGER RUTHANN
REGION CODE ADDRESS : 10 BALDWIN DRIVE, UNIT 10
01 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 304,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,495.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0030971741 MORTGAGORS: ROSEN STEPHEN
ROSEN ELIZABETH
REGION CODE ADDRESS : 4 WESTWOOD ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,692.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,116.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.78200
----------------------------------------------------------------
0 0030971907 MORTGAGORS: GREENE DONALD
REGION CODE ADDRESS : 1076 LAKESHORE DRIVE
01 CITY : JUPITER
STATE/ZIP : FL 33458
MORTGAGE AMOUNT : 245,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,789.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98000
----------------------------------------------------------------
0 0030972020 MORTGAGORS: EWERT TERRY
EWERT ROBIN
REGION CODE ADDRESS : 30 ROBERT DRIVE
01 CITY : SHORT HILLS
STATE/ZIP : NJ 07078
MORTGAGE AMOUNT : 648,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,531.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,586.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030972079 MORTGAGORS: GIUSTI DANIEL
GIUSTI DONNA
REGION CODE ADDRESS : 1516 WINDING WAY
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,820.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.95400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,888,650.00
P & I AMT: 13,591.71
UPB AMT: 1,887,328.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030972095 MORTGAGORS: HEALY EILEEN
REGION CODE ADDRESS : 88 GRANDVIEW PLACE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94595
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030972418 MORTGAGORS: FLORES LESLIE
REGION CODE ADDRESS : 1040 SOUTH LA JOLLA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,761.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,604.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.52300
----------------------------------------------------------------
0 0030972426 MORTGAGORS: GATHAGAN MARK
REGION CODE ADDRESS : 691 WHITETAIL RIDGE
01 CITY : FAIRLAWN
STATE/ZIP : OH 44333
MORTGAGE AMOUNT : 303,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,030.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.69000
----------------------------------------------------------------
0 0030972855 MORTGAGORS: JACKSON MARK
O'BRIEN-JACKSON COLLEEN
REGION CODE ADDRESS : 7512 SONOMA VALLEY DRIVE
01 CITY : FRISCO
STATE/ZIP : TX 75035
MORTGAGE AMOUNT : 118,618.00 OPTION TO CONVERT :
UNPAID BALANCE : 118,534.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 849.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99970
----------------------------------------------------------------
0 0030972905 MORTGAGORS: POLLARD JOHN
POLLARD MARY
REGION CODE ADDRESS : 11904 TRIPLE CROWN ROAD
01 CITY : RESTON
STATE/ZIP : VA 20191
MORTGAGE AMOUNT : 290,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,284.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.20200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,367,368.00
P & I AMT: 9,729.92
UPB AMT: 1,366,388.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030972988 MORTGAGORS: MURRAY SUSAN
MURRAY PAUL
REGION CODE ADDRESS : 28 HUNTERS WAY
01 CITY : HAMDEN
STATE/ZIP : CT 06514
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,537.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/17
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.82353
----------------------------------------------------------------
0 0030972996 MORTGAGORS: SOUZA ELIZABETH
SOUZA SCOTT
REGION CODE ADDRESS : 1054 SCOTS LANE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 95496
MORTGAGE AMOUNT : 526,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 526,128.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,771.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030973259 MORTGAGORS: STEELE JON
STEELE LINDA
REGION CODE ADDRESS : 3819 COUNTRYSIDE LANE
01 CITY : SARASOTA
STATE/ZIP : FL 34233
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,847.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.28500
----------------------------------------------------------------
0 0030973374 MORTGAGORS: KAMENSKY DAVID
KAMENSKY CAROL
REGION CODE ADDRESS : 26425 PHEASANT RUN
01 CITY : MUNDELEIN
STATE/ZIP : IL 60060
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,810.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 84.79500
----------------------------------------------------------------
0 0030973408 MORTGAGORS: JEE STEPHANIE
JEE MICHAEL
REGION CODE ADDRESS : 130 PACHECO STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,794.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,419.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.12200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,628,500.00
P & I AMT: 12,174.77
UPB AMT: 1,627,118.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030973457 MORTGAGORS: JUNG JACK
JUNG LAURA
REGION CODE ADDRESS : 278 ALAMEDA DE LA LOMA
01 CITY : NOVATO
STATE/ZIP : CA 94949
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,824.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 86.77400
----------------------------------------------------------------
0 0030973465 MORTGAGORS: WOLFE BRUCE
WOLFE LINDA
REGION CODE ADDRESS : 206 EL CERRITO AVE
01 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,710.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0030973564 MORTGAGORS: WEATHERBIE TIMOTHY
WEATHERBIE VICTORIA
REGION CODE ADDRESS : 5821 106TH STREET SOUTHWEST
01 CITY : MUKILTEO
STATE/ZIP : WA 98275
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,826.29 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 : 88.90500
----------------------------------------------------------------
0 0030973614 MORTGAGORS: LAGRAIZE WILSON
REGION CODE ADDRESS : 103 LONGWOOD DRIVE
01 CITY : MANDEVILLE
STATE/ZIP : LA 70471
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,250.00 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 0030973853 MORTGAGORS: HOROWITT DARRYL
HOROWITT ERIKA
REGION CODE ADDRESS : 3630 WEST BIRCH AVENUE
01 CITY : FRESNO
STATE/ZIP : CA 93711
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,446,750.00
P & I AMT: 10,405.61
UPB AMT: 1,445,942.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030973986 MORTGAGORS: WEBBE RICHARD
TAYLOR LESLIE
REGION CODE ADDRESS : 2 CROOKED LANE
01 CITY : MANCHESTER-BY-THE-SEA
STATE/ZIP : MA 01944
MORTGAGE AMOUNT : 476,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,913.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,411.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030974125 MORTGAGORS: VIAMONTE DANIEL
VIAMONTE NANCY
REGION CODE ADDRESS : 340 OAKWOOD TRAIL
01 CITY : FAIRVIEW
STATE/ZIP : TX 75069
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,686.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.96400
----------------------------------------------------------------
0 0030974174 MORTGAGORS: BROWN THADDEUS
BROWN JANICE
REGION CODE ADDRESS : 256 E BETHEL ROAD
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,812.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030974281 MORTGAGORS: DAVIDSON STEPHEN
DAVIDSON RHONDA
REGION CODE ADDRESS : 2420 STADIUM DRIVE
01 CITY : FORT WORTH
STATE/ZIP : TX 76109
MORTGAGE AMOUNT : 306,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,527.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.64200
----------------------------------------------------------------
0 0030974430 MORTGAGORS: NEWMAN TAREE
NEWMAN DIANA
REGION CODE ADDRESS : 4409 PERALTA BLVD
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 221,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,651.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98929
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,651,800.00
P & I AMT: 11,869.30
UPB AMT: 1,650,905.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030974562 MORTGAGORS: NELSON KRIS
NELSON ELLEN
REGION CODE ADDRESS : 38 OXBOW ROAD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 53.57100
----------------------------------------------------------------
0 0030975395 MORTGAGORS: BROGAN PATRICK
SATTERTHWAITE JANET
REGION CODE ADDRESS : 3532 ALBEMARLE STREET,NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20008
MORTGAGE AMOUNT : 374,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,729.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,647.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.91600
----------------------------------------------------------------
0 0030975403 MORTGAGORS: STOLL WAYNE
KOSS SUSAN
REGION CODE ADDRESS : 5121 DOYLE LANE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,408.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030975544 MORTGAGORS: DOUGHERTY THOMAS
DOUGHERTY MARY
REGION CODE ADDRESS : 1400 QUAIL LAKE WAY
01 CITY : MUSTANG
STATE/ZIP : OK 73064
MORTGAGE AMOUNT : 235,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,695.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.34000
----------------------------------------------------------------
0 0030975635 MORTGAGORS: COWAN MALCOLM
COWAN LYNDA
REGION CODE ADDRESS : 5213 BLACKHAWK DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,837.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 42.05600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,450.00
P & I AMT: 9,941.29
UPB AMT: 1,391,459.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030975734 MORTGAGORS: YATES RICHARD
YATES MARLO
REGION CODE ADDRESS : 3 STONEHEDGE ROAD
01 CITY : MILFORD
STATE/ZIP : NJ 08848
MORTGAGE AMOUNT : 290,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,489.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,057.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030975767 MORTGAGORS: HART SAMUEL
COMACHO-HART ELIZABETH
REGION CODE ADDRESS : 13181 QUADE LANE
01 CITY : WOODBRIDGE
STATE/ZIP : VA 22193
MORTGAGE AMOUNT : 233,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,526.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.95900
----------------------------------------------------------------
0 0030975791 MORTGAGORS: SAMSON STEVEN
REGION CODE ADDRESS : 160 SILVER THORN DRIVE
01 CITY : TYRONE
STATE/ZIP : GA 30290
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.57500
----------------------------------------------------------------
0 0030975809 MORTGAGORS: WITTENBERG ERIC
WITTENBERG JANET
REGION CODE ADDRESS : 65 MCAFEE FARM ROAD
01 CITY : BEDFORD
STATE/ZIP : NH 03110
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0030976211 MORTGAGORS: PRIOR RONALD
PRIOR RONNA
REGION CODE ADDRESS : 10008 OAK TREE COURT
01 CITY : LONE TREE
STATE/ZIP : CO 80124
MORTGAGE AMOUNT : 416,665.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,378.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,021.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.39900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,516,065.00
P & I AMT: 10,855.94
UPB AMT: 1,514,993.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030976484 MORTGAGORS: STEWART MARC
STEWART JOY
REGION CODE ADDRESS : 609 AMBERWOOD WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,797.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,294.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.23000
----------------------------------------------------------------
0 0030976799 MORTGAGORS: SALAZAR JORGE
SALAZAR JACQUELINE
REGION CODE ADDRESS : 600 NEWPORT DRIVE
01 CITY : INDIALANTIC
STATE/ZIP : FL 32903
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,771.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.22200
----------------------------------------------------------------
0 0030976849 MORTGAGORS: MICHTOM GLEN
MICHTOM ANGELA
REGION CODE ADDRESS : 813 GARY AVENUE
01 CITY : SUNNY VALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,768.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030976914 MORTGAGORS: EAGAR W.
EAGAR JUDITH
REGION CODE ADDRESS : 59 HUNTERS ROAD
01 CITY : WOODSVILLE
STATE/ZIP : VA 22749
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,772.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.64455
----------------------------------------------------------------
0 0030976955 MORTGAGORS: TOLEDO FRANK
TOLEDO SHARON
REGION CODE ADDRESS : 9872 QUAY WAY
01 CITY : WESTMINSTER
STATE/ZIP : CO 80024
MORTGAGE AMOUNT : 251,560.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,395.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 86.74400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,519,560.00
P & I AMT: 10,978.17
UPB AMT: 1,518,505.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030977011 MORTGAGORS: HARPER VALERIE
GREENBERG AVROM
REGION CODE ADDRESS : 11 BARTON LANE
01 CITY : GREENWICH
STATE/ZIP : CT 06807
MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,722.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,037.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030977102 MORTGAGORS: DUNIEC STEPHEN
DUNIEC KATHI
REGION CODE ADDRESS : 12029 SHADY OAK COURT
01 CITY : CHARLOTTE
STATE/ZIP : NC 28271
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,822.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 92.61900
----------------------------------------------------------------
0 0030977128 MORTGAGORS: BREIMHORST MARK
REGION CODE ADDRESS : 455 EUREKA STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94111
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 48.00000
----------------------------------------------------------------
0 0030977169 MORTGAGORS: GOUGH THOMAS
CHIAKULAS MARY
REGION CODE ADDRESS : 808 INTERLAKEN LANE
01 CITY : LIBERTYVILLE
STATE/ZIP : IL 60048
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,467.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,972.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030977276 MORTGAGORS: SCOOROS MARGORIE
REGION CODE ADDRESS : 4 HOLMES DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,899.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,100.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,525,000.00
P & I AMT: 11,007.06
UPB AMT: 1,523,689.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 140
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030977557 MORTGAGORS: WELLMAN TIMOTHY
WELLMAN KAREN
REGION CODE ADDRESS : 3801 OBSERVATION PLACE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,817.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.53800
----------------------------------------------------------------
0 0030977698 MORTGAGORS: MICALIZZI MICHAEL
MICALIZZI LISA
REGION CODE ADDRESS : 17 KENNEDY COURT
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 323,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,060.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,260.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.99600
----------------------------------------------------------------
0 0030977755 MORTGAGORS: BLACK RICHARD
BLACK SUSAN
REGION CODE ADDRESS : 987 BLUE MOUNTAIN CIRCLE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 216,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,858.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,584.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 68.61900
----------------------------------------------------------------
0 0030977888 MORTGAGORS: MOTAFRAM FEROZE
MOTAFRAM MAHRUKH
REGION CODE ADDRESS : 2390 CHANTICLEER DRIVE
01 CITY : BROOKFIELD
STATE/ZIP : WI 53045
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030977896 MORTGAGORS: BRAUN CARL
BUSCH DEBORAH
REGION CODE ADDRESS : 15413 W PANTIGO LANE
01 CITY : LOCKFORT
STATE/ZIP : IL 60441
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,832.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 86.03700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,239,450.00
P & I AMT: 8,858.00
UPB AMT: 1,238,413.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 141
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030977995 MORTGAGORS: PATELUNAS ISABEL
PATELUNAS PAUL
REGION CODE ADDRESS : 13101 FROG HOLLOW COURT
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 220,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,236.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,541.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030978043 MORTGAGORS: LANIER JOHN
REGION CODE ADDRESS : 3850 EAST WHITE BAY DRIVE
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,809.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030978142 MORTGAGORS: AKINMURELE AKINTUNDE
AKINMURELE SHERIFAT
REGION CODE ADDRESS : 4004 CARIBON STREET
01 CITY : MITCHELLVILLE
STATE/ZIP : MD 20772
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,596.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030978175 MORTGAGORS: WHITE JUDITH
SAVVIDES PANAYIOTIS
REGION CODE ADDRESS : 68 ARROWHEAD FARMS ROAD
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 472,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 472,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,303.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030978209 MORTGAGORS: RYU KEVIN
RYU RAE
REGION CODE ADDRESS : 24649 SENDA SALVIA
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 170,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,880.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,217.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 51.35900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,417,900.00
P & I AMT: 10,038.87
UPB AMT: 1,417,022.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 142
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030978225 MORTGAGORS: CRACIUN NANCY
REGION CODE ADDRESS : 1921 TALMADGE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 225,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,294.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030978548 MORTGAGORS: WICKERSHAM LARRY
REGION CODE ADDRESS : 53 FOREST CREEK DRIVE
01 CITY : HOCKESSIN
STATE/ZIP : DE 19707
MORTGAGE AMOUNT : 149,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,444.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,230.72 OUTSIDE CONV DATE :
LIFETIME RATE : 9.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 9.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030978761 MORTGAGORS: WATSON DAVE
FROEHLICH JUDY
REGION CODE ADDRESS : 489 PINETREE DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,790.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.45200
----------------------------------------------------------------
0 0030978779 MORTGAGORS: ARAM SHAHRAM
REGION CODE ADDRESS : 17551 JACARANDA LANE
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 215,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,048.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,541.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030979017 MORTGAGORS: BYNUM SHIRLEY
REGION CODE ADDRESS : 7653 SOUTH MARIAN AVENUE
01 CITY : TULSA
STATE/ZIP : OK 74136
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,152,250.00
P & I AMT: 8,384.92
UPB AMT: 1,151,380.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 143
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030979132 MORTGAGORS: WITCHER JOHN
WITCHER MARIE-LOUISE
REGION CODE ADDRESS : LOT 4 KELHI COURT
01 CITY : STEAMBOAT SPRINGS
STATE/ZIP : CO 80477
MORTGAGE AMOUNT : 380,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,531.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.51500
----------------------------------------------------------------
0 0030979157 MORTGAGORS: BRAKOVEC BRYAN
BRAKOVEC BARBARA
REGION CODE ADDRESS : 7901 AARON CIRCLE
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 71,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 71,600.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 519.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.95700
----------------------------------------------------------------
0 0030979165 MORTGAGORS: DI GIOVANNA MONICA
REGION CODE ADDRESS : 8840 NW 30 STR APT 9-2
01 CITY : CORAL SPRINGS
STATE/ZIP : FL 33065
MORTGAGE AMOUNT : 40,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 39,958.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 329.07 OUTSIDE CONV DATE :
LIFETIME RATE : 9.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 9.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030979181 MORTGAGORS: LEDBETTER FRANK
LEDBETTER DEBORAH
REGION CODE ADDRESS : 11011 EVEREST CIRCLE
01 CITY : HUNTSVILLE
STATE/ZIP : AL 35802
MORTGAGE AMOUNT : 395,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,513.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,801.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 83.32600
----------------------------------------------------------------
0 0030979231 MORTGAGORS: LANDES MICHAEL
LANDES STEPHANIE
REGION CODE ADDRESS : 46650 ELDORADO DRIVE
01 CITY : INDIAN WELLS
STATE/ZIP : CA 92210
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,773.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,385.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.80000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,217,250.00
P & I AMT: 8,763.62
UPB AMT: 1,216,377.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 144
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030979447 MORTGAGORS: WOOD MICHAEL
WOOD CHRISTINE
REGION CODE ADDRESS : 2241 VINTAGE LANE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,261.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,040.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
0 0030979496 MORTGAGORS: MARANC LEV
MARANC TANYA
REGION CODE ADDRESS : 230 174TH ST # 1814
01 CITY : MIAMI BEACH
STATE/ZIP : FL 33160
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 119,875.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 987.21 OUTSIDE CONV DATE :
LIFETIME RATE : 9.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 9.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030979553 MORTGAGORS: BRANDSON PAUL
CLAEYS JOHN
REGION CODE ADDRESS : 250 WAUGH AVENUE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95065
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,822.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.97600
----------------------------------------------------------------
0 0030979579 MORTGAGORS: RUDOLPH WARREN
AMBORT-RANDOLPH REBECCA
REGION CODE ADDRESS : 9421 GRACKLE AVENUE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030979587 MORTGAGORS: WYLAN PETER
REGION CODE ADDRESS : 101 OCEAN WAY
01 CITY : SANTA MONICA
STATE/ZIP : CA 90402
MORTGAGE AMOUNT : 737,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 736,492.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,343.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 67.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,767,000.00
P & I AMT: 13,091.04
UPB AMT: 1,734,282.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 145
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030979611 MORTGAGORS: LANE EARL
LANE ANNA
REGION CODE ADDRESS : 125 ARGILLA ROAD
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 254,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,633.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030979645 MORTGAGORS: KHANNA YOGESH
KHANNA KAVITA
REGION CODE ADDRESS : 5428 CHANDLEY FARM CIRCLE
01 CITY : CENTREVILLE
STATE/ZIP : VA 22020
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 49.52300
----------------------------------------------------------------
0 0030979694 MORTGAGORS: HERMAN TIMOTHY
HERMAN SUSAN
REGION CODE ADDRESS : 5515 BALLENTON LANE
01 CITY : AUSTIN
STATE/ZIP : TX 78739
MORTGAGE AMOUNT : 244,694.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,516.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99986
----------------------------------------------------------------
0 0030979710 MORTGAGORS: MOON KENNETH
REGION CODE ADDRESS : 2502 KIMBERLY DRIVE
01 CITY : GARLAND
STATE/ZIP : TX 75040
MORTGAGE AMOUNT : 76,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 75,902.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 570.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030979744 MORTGAGORS: COOPER GARY
REGION CODE ADDRESS : 9920 EAST QUARRY TRAIL
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 393,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,485.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,889.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,229,244.00
P & I AMT: 8,969.18
UPB AMT: 1,228,359.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 146
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030979801 MORTGAGORS: STEIN EDWARD
STEIN MARY
REGION CODE ADDRESS : 1301 GREENFIELD DRIVE
01 CITY : CEDAR PARK
STATE/ZIP : TX 78613
MORTGAGE AMOUNT : 155,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 154,924.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,098.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030979876 MORTGAGORS: MCGRATH DONALD
MCGRATH KIM
REGION CODE ADDRESS : 1544 HALLISPORT LAKE DRIVE
01 CITY : KENNESAW
STATE/ZIP : GA 30152
MORTGAGE AMOUNT : 254,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,420.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030979900 MORTGAGORS: BIFFONI EDESIO
REGION CODE ADDRESS : 210 KENLYN ROAD
01 CITY : PALM BEACH
STATE/ZIP : FL 33480
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,752.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 53.43500
----------------------------------------------------------------
0 0030979942 MORTGAGORS: IBBOTT ANTHONY
IBBOTT DEBRA
REGION CODE ADDRESS : 773 VERDEMONT CIRCLE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,608.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030979983 MORTGAGORS: RUSSELL PAUL
RUSSELL PATRICIA
REGION CODE ADDRESS : 4916 RUPERT LANE
01 CITY : LA CANATA
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,379.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.86 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: 1,333,350.00
P & I AMT: 9,511.64
UPB AMT: 1,332,085.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 147
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030979991 MORTGAGORS: MARANS M.
REGION CODE ADDRESS : 2 CLARENDON STREET, UNIT 510
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 296,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030980080 MORTGAGORS: TETEAK WARREN
TETEAK KATHERINE
REGION CODE ADDRESS : 14310 HIGHWAY 160
01 CITY : RYDE
STATE/ZIP : CA 95680
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,024.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 68.53333
----------------------------------------------------------------
0 0030980148 MORTGAGORS: MEPHAM WILLIAM
REGION CODE ADDRESS : 65 RUDDOCK ROAD
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 353,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,135.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,714.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 77.92400
----------------------------------------------------------------
0 0030980155 MORTGAGORS: SCLAFANI CHRISTINE
REGION CODE ADDRESS : 1161 SW 70TH TERRACE
01 CITY : PLANTATION
STATE/ZIP : FL 33317
MORTGAGE AMOUNT : 72,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 71,927.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 598.86 OUTSIDE CONV DATE :
LIFETIME RATE : 9.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 9.37500 PRODUCT CODE : 002
LTV : 54.54500
----------------------------------------------------------------
0 0030980320 MORTGAGORS: QUACH DONG
QUACH BICH
REGION CODE ADDRESS : 18 BRIGADIER
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 588,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 588,394.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,269.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.90900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,567,600.00
P & I AMT: 11,713.54
UPB AMT: 1,565,281.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 148
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030980338 MORTGAGORS: PEREZ EUGENIA
REGION CODE ADDRESS : 110 12TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94118
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,348.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,295.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.15300
----------------------------------------------------------------
0 0030980528 MORTGAGORS: JONES JEFFREY
WINDISHAR-JONES CHRISTINE
REGION CODE ADDRESS : 530 SOUTH BAYVIEW AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 127,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 126,912.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 920.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 39.68700
----------------------------------------------------------------
0 0030980866 MORTGAGORS: MARIANI SANDY
REGION CODE ADDRESS : 4409 CENTRAL AVENUE
01 CITY : OCEAN CITY
STATE/ZIP : NJ 08226
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,704.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,117.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.91870
----------------------------------------------------------------
0 0030980957 MORTGAGORS: HASELEY WAYNE
HASELEY DEBORAH
REGION CODE ADDRESS : 429 LANGLEY OAKS DRIVE
01 CITY : MARIETTA
STATE/ZIP : GA 30067
MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,502.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,324.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/22
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.07000
----------------------------------------------------------------
0 0030981021 MORTGAGORS: FLYNN PATRICK
FLYNN JACQUELINE
REGION CODE ADDRESS : 402 MURRAY COURT
01 CITY : ROSEVILLE
STATE/ZIP : CA 95678
MORTGAGE AMOUNT : 109,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 109,528.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 813.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,571,600.00
P & I AMT: 11,472.70
UPB AMT: 1,569,996.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 149
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030981047 MORTGAGORS: HECK STEVEN
MICKAS-HECK M.
REGION CODE ADDRESS : 5901 PINE VALLEY DR
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,623.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,680.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030981120 MORTGAGORS: JAEN FLAVIO
JAEN REBECCA
REGION CODE ADDRESS : 2134 COOLCREST AVENUE
01 CITY : UPLAND
STATE/ZIP : CA 91784
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,417.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030981161 MORTGAGORS: RICE WILLIAM
RICE JUDY
REGION CODE ADDRESS : 2323 COUNTRY CLUB ROAD
01 CITY : LONGVIEW
STATE/ZIP : TX 75602
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,329.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030981229 MORTGAGORS: BENDER HOWARD
BENDER ELISSA
REGION CODE ADDRESS : 9767 BABBITT AVENUE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030981385 MORTGAGORS: CEFALU JOSEPH
CEFALU KATHLEEN
REGION CODE ADDRESS : 20 DAPPLEGRAY LANE
01 CITY : ROLLING HILLS ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,450.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,821,100.00
P & I AMT: 13,072.83
UPB AMT: 1,819,539.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 150
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030981393 MORTGAGORS: GOLDBERG LEE
GOLDBERG PATRICE
REGION CODE ADDRESS : 120 POINTVIEW PARKWAY
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,764.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,672.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.29515
----------------------------------------------------------------
0 0030981468 MORTGAGORS: FERNANDEZ OMAR
FERNANDEZ DELTALINA
REGION CODE ADDRESS : 1032 NW 130TH AVENUE
01 CITY : MIAMI
STATE/ZIP : FL 33182
MORTGAGE AMOUNT : 94,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 94,848.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 772.54 OUTSIDE CONV DATE :
LIFETIME RATE : 9.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 9.12500 PRODUCT CODE : 002
LTV : 75.96600
----------------------------------------------------------------
0 0030981476 MORTGAGORS: GOMEZ ALBERTO
GOMEZ ANA
REGION CODE ADDRESS : 3 JEFFERSON AVE
01 CITY : E. HAMPTON
STATE/ZIP : NY 11937
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 119,875.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 987.21 OUTSIDE CONV DATE :
LIFETIME RATE : 9.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 9.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030981492 MORTGAGORS: GADBERRY BILLY
GADBERRY ALICE
REGION CODE ADDRESS : 21319 108TH AVE S E
01 CITY : KENT
STATE/ZIP : WA 98031
MORTGAGE AMOUNT : 95,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 94,895.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 764.39 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 9.00000 PRODUCT CODE : 002
LTV : 74.80300
----------------------------------------------------------------
0 0030981591 MORTGAGORS: BAKER STEVEN
BAKER CYNTHIA
REGION CODE ADDRESS : 1723 MONKTON FARMS DRIVE
01 CITY : MONKTON
STATE/ZIP : MD 21111
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,587.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,350.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,269,950.00
P & I AMT: 9,547.55
UPB AMT: 1,268,971.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 151
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030982136 MORTGAGORS: FORBES BERNARD
FORBES CHRISTINE
REGION CODE ADDRESS : 11527 NEWCASTEL
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030982243 MORTGAGORS: MENDELSON MARK
MENDELSON KIM
REGION CODE ADDRESS : 20652 QUEDO DRIVE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,791.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,979.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.79400
----------------------------------------------------------------
0 0030982417 MORTGAGORS: BLEISTEIN MICHAEL
BLEISTEIN CARLA
REGION CODE ADDRESS : 4165 ROTHERHAM COURT
01 CITY : PALM HARBOR
STATE/ZIP : FL 34685
MORTGAGE AMOUNT : 262,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,414.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,881.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98600
----------------------------------------------------------------
0 0030982433 MORTGAGORS: GARLAND CALVIN
GARLAND CASSANDRA
REGION CODE ADDRESS : 9662 CLIPPER COVE PLACE
01 CITY : ELK GROVE
STATE/ZIP : CA 95758
MORTGAGE AMOUNT : 339,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,671.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
0 0030982466 MORTGAGORS: OAK HAROLD
OAKS LINDA
REGION CODE ADDRESS : 860 CAYO GRANDE CT
01 CITY : NEWBERRY PARK
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 264,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,417.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.54 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: 1,385,100.00
P & I AMT: 10,049.77
UPB AMT: 1,384,127.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 152
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030982789 MORTGAGORS: RODERICK DAVID
RODERICK STEPHANIE
REGION CODE ADDRESS : 26831 HAWKHURST
01 CITY : LOS ANGELES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 398,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,711.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,817.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.82400
----------------------------------------------------------------
0 0030982805 MORTGAGORS: SILVER RAYMOND
REGION CODE ADDRESS : 2163 WHYTE PARK
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94595
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
0 0030982813 MORTGAGORS: GIRLING ODUM KATHERINE
ODOM ERIC
REGION CODE ADDRESS : 2505 EL GRECO COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78703
MORTGAGE AMOUNT : 536,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 536,130.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,890.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0030983001 MORTGAGORS: KIENHOFER BRIAN
KIENHOER BRIDGET
REGION CODE ADDRESS : 7982 HILLSBORO COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 298,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,209.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,241.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030983035 MORTGAGORS: SHIELDS MICHAEL
SHIELDS CAROL
REGION CODE ADDRESS : 43 MENDONSHIRE HEIGHTS
01 CITY : MENDON
STATE/ZIP : NY 14472
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,787,900.00
P & I AMT: 12,996.85
UPB AMT: 1,786,675.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 153
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030983068 MORTGAGORS: POSTON RUSSELL
REGION CODE ADDRESS : 3 FERRY LANE
01 CITY : PHOENIXVILLE
STATE/ZIP : PA 19460
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,838.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030983316 MORTGAGORS: DECASTER DANIEL
DECASTER KATHRYN
REGION CODE ADDRESS : N2486 TWO CREEK ROAD
01 CITY : BONDUEL
STATE/ZIP : WI 54107
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 : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 57.14200
----------------------------------------------------------------
0 0030983407 MORTGAGORS: DANG HIEN
DANG CYNTHIA
REGION CODE ADDRESS : 12738 NOTTINGHAM ST
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,629.91 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
----------------------------------------------------------------
0 0030983415 MORTGAGORS: SORGI ALAN
SORGI ANITA
REGION CODE ADDRESS : 18618 LOCKSLEY STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,827.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030983456 MORTGAGORS: HO BOSCO
AU JASON
REGION CODE ADDRESS : 61 HOOD STREET
01 CITY : NEWTON
STATE/ZIP : MA 02158
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,689.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,800.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 64.10200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,640,000.00
P & I AMT: 12,096.76
UPB AMT: 1,638,724.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 154
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030983514 MORTGAGORS: KLINE RONALD
MAYTON DONNA
REGION CODE ADDRESS : 1950 NICOLE STREET
01 CITY : RAMONA
STATE/ZIP : CA 92065
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030983530 MORTGAGORS: HENRY PETER
REGION CODE ADDRESS : 457 PLEASANT AVENUE
01 CITY : HIGHLAND PARK
STATE/ZIP : IL 60035
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,824.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030983563 MORTGAGORS: STEWART ROBERT
STEWART LINDA
REGION CODE ADDRESS : 412 SHOREVIEW DRIVE
01 CITY : RAYMORE
STATE/ZIP : MO 64083
MORTGAGE AMOUNT : 160,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 160,436.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,150.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0030983639 MORTGAGORS: SALTAMACHIO PETER
REGION CODE ADDRESS : 2214 WILLOWBROOK STREET
01 CITY : ESCONDINO
STATE/ZIP : CA 92029
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0030983688 MORTGAGORS: RUSSELL RALPH
RUSSELL REBECCA
REGION CODE ADDRESS : 3805 BRAEWOOD CIRCLE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,820.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,179,550.00
P & I AMT: 8,449.45
UPB AMT: 1,178,716.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 155
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030983811 MORTGAGORS: DEHART LYNNE
REGION CODE ADDRESS : 1055 ERIN WAY
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,581.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030983845 MORTGAGORS: WILSON STEPHEN
WILSON LORI
REGION CODE ADDRESS : 2610 SHADOWFOX LANE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.88800
----------------------------------------------------------------
0 0030984025 MORTGAGORS: BROADWELL THOMAS
BROADWELL ROSSANA
REGION CODE ADDRESS : 3245 CHARMAT COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,626.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 58.93600
----------------------------------------------------------------
0 0030984058 MORTGAGORS: BURGNER CRAIG
ZAFRAN SCOTT
REGION CODE ADDRESS : 2109 HARRIMAN LANE # B
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,649.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030984173 MORTGAGORS: RALPH THOMAS
RALPH VICTORIA
REGION CODE ADDRESS : 4675 OLD KENT ROAD
01 CITY : DEEPHAVEN
STATE/ZIP : MN 55331
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,790.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.44400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,364,750.00
P & I AMT: 9,887.20
UPB AMT: 1,363,445.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 156
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030984330 MORTGAGORS: EDELL DREW
EDELL PAULA
REGION CODE ADDRESS : 226 HIGHLAND AVENUE
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07042
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,710.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.47100
----------------------------------------------------------------
0 0030984421 MORTGAGORS: PECKHAM CHRISTOPHER
PECKHAM ALLISON
REGION CODE ADDRESS : 167 WEBSTER DRIVE
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.94100
----------------------------------------------------------------
0 0030984553 MORTGAGORS: FLETCHER JEFFREY
FLETCHER LORI
REGION CODE ADDRESS : 528 NORFOLK PLACE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.81600
----------------------------------------------------------------
0 0030984710 MORTGAGORS: HRUSKA DAVID
HRUSKA ANNETTE
REGION CODE ADDRESS : 3014 E HICKORY PARK CIRCLE
01 CITY : SUGAR LAND
STATE/ZIP : TX 77479
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,830.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030984827 MORTGAGORS: POZDA JOSEPH
POZDA DONNA
REGION CODE ADDRESS : 1407 HARLE PLACE S.W.
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,532.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.99270
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,467,000.00
P & I AMT: 10,471.26
UPB AMT: 1,465,859.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 157
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030985071 MORTGAGORS: LEVOW JUDITH
REGION CODE ADDRESS : 14 DICKSON LANE UNIT #18
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 72,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 72,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 509.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 21.62100
----------------------------------------------------------------
0 0030985089 MORTGAGORS: AMOROSO JOSEPH
REGION CODE ADDRESS : 35 CEDAR STREET
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030985204 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 : 279,430.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 67.37300
----------------------------------------------------------------
0 0030985691 MORTGAGORS: UBEROI VICTOR
UBEROI ANJU
REGION CODE ADDRESS : 43852 CAMERON HILLS DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
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 : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 69.30693
----------------------------------------------------------------
0 0030985725 MORTGAGORS: GRANT DAVID
GRANT GILDA
REGION CODE ADDRESS : 5048 SILVER LAKE DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 344,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,118.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,288,200.00
P & I AMT: 9,531.94
UPB AMT: 1,287,328.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 158
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030986319 MORTGAGORS: KEE CHANDRA
KEIM JON
REGION CODE ADDRESS : 608 FAIRVIEW ROAD
01 CITY : LOWER MERION TOWNSHIP
STATE/ZIP : PA 19072
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 491,099.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,783.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030986756 MORTGAGORS: SMITH SEAN
SMITH FAY
REGION CODE ADDRESS : 14040 EAST DESERT COVE AVENUE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 270,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,753.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,917.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0030986905 MORTGAGORS: BRUNING RICHARD
BERGER KAREN
REGION CODE ADDRESS : 39 WOODLAND ROAD
01 CITY : MAPLEWOOD
STATE/ZIP : NJ 07040
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030986947 MORTGAGORS: GOLDFARB MARK
SUMMER GWENN
REGION CODE ADDRESS : 329 WYCKOFF AVENUE
01 CITY : RAMSEY
STATE/ZIP : NJ 07446
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030987002 MORTGAGORS: ROSENTHAL MICHAEL
ROSENTHAL RITA
REGION CODE ADDRESS : 14 CAMINO COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,834.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.40 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: 1,571,450.00
P & I AMT: 11,493.01
UPB AMT: 1,570,188.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 159
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030987077 MORTGAGORS: MC GUIRE PETER
HAN MIRA
REGION CODE ADDRESS : 16224 CORDOVAN
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 283,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,344.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0030987093 MORTGAGORS: AZEMIKA NICHOLAS
AZEMIKA VICTORIA
REGION CODE ADDRESS : 9100 MONTMEDY COURT
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93311
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,791.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030987119 MORTGAGORS: BRILLIANT PHILLIP
BRILLIANT HARRIET
REGION CODE ADDRESS : 6900 CASTLE PEAK DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,796.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030987176 MORTGAGORS: ARRE LINDA
REGION CODE ADDRESS : 8554 RAVILLER DRIVE
01 CITY : DOWNEY
STATE/ZIP : CA 90241
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,743.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,412.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.52800
----------------------------------------------------------------
0 0030987218 MORTGAGORS: JOHNSON KURT
JOHNSON VICKI
REGION CODE ADDRESS : 12171 REAGAN STREET
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,558.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,499,300.00
P & I AMT: 10,710.16
UPB AMT: 1,498,234.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 160
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030987531 MORTGAGORS: FLOURNOY PHILIP
FLOURNOY EDITH
REGION CODE ADDRESS : 1028 CAROLYN DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 224,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,053.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030987929 MORTGAGORS: WILSON MICHAEL
WILSON KAREN
REGION CODE ADDRESS : 2992 SW PHYLLIS DRIVE
01 CITY : GRESHAM
STATE/ZIP : OR 97080
MORTGAGE AMOUNT : 249,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,178.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0030988109 MORTGAGORS: ALLEN EARL
ALLEN DELANE
REGION CODE ADDRESS : 2626 WEST AVENUE O
01 CITY : PALMDALE AREA
STATE/ZIP : CA 93551
MORTGAGE AMOUNT : 246,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,884.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030988141 MORTGAGORS: KEANE DANIEL
KEANE JANET
REGION CODE ADDRESS : 67 COLT ROAD
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 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 : 50.00000
----------------------------------------------------------------
0 0030988166 MORTGAGORS: DAVIS SIDNEY
REGION CODE ADDRESS : 5316 VALBURN CIRCLE
01 CITY : AUSTIN
STATE/ZIP : TX 78731
MORTGAGE AMOUNT : 243,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,428.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,745.19 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: 1,363,200.00
P & I AMT: 9,993.26
UPB AMT: 1,362,544.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 161
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030988257 MORTGAGORS: LANDERS RICHARD
ARELLANO JOSE "JOEL"
REGION CODE ADDRESS : 6313 E. ROCKING HORSE WAY
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,816.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,928.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988372 MORTGAGORS: FLEENER CHARLES
FLEENER SYNDIE
REGION CODE ADDRESS : 10047 BERKELLEY FOREST LANE
01 CITY : CHARLOTTE
STATE/ZIP : NC 28277
MORTGAGE AMOUNT : 236,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,923.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030988513 MORTGAGORS: COTE ROBERT
REGION CODE ADDRESS : 1865 79TH ST. CAUSEWAY #15K
01 CITY : MIAMI BEACH
STATE/ZIP : FL 33141
MORTGAGE AMOUNT : 74,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 74,717.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 601.86 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 9.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988554 MORTGAGORS: PRISMAN TATIANA
REGION CODE ADDRESS : 3832 CARPENTER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91604
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 : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.92000
----------------------------------------------------------------
0 0030988562 MORTGAGORS: BEN-DAVID GILAD
BEN-DAVID ROXANA
REGION CODE ADDRESS : 1900 SUNSET HARBOR DRIVE # 1203
01 CITY : MIAMI BEACH
STATE/ZIP : FL 33139
MORTGAGE AMOUNT : 144,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 144,632.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,139.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 986,850.00
P & I AMT: 7,281.17
UPB AMT: 985,716.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 162
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030988638 MORTGAGORS: PAUL CHARLOTTE
REGION CODE ADDRESS : 2996 AVERY DRIVE
01 CITY : PALM SPRINGS
STATE/ZIP : CA 92264
MORTGAGE AMOUNT : 122,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 122,663.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 988.08 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 9.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988737 MORTGAGORS: CASTRO JOSE
CASTRO LUCILIA
REGION CODE ADDRESS : 932 CALDWELL AVENUE
01 CITY : UNION
STATE/ZIP : NJ 07083
MORTGAGE AMOUNT : 117,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 117,480.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 978.14 OUTSIDE CONV DATE :
LIFETIME RATE : 9.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 9.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988760 MORTGAGORS: GATFIELD RAY
GATFIELD DORIS
REGION CODE ADDRESS : 8 MADISON LANE
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 369,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,742.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0030988893 MORTGAGORS: COLEMAN ROGER
COLEMAN JUDITH
REGION CODE ADDRESS : 21601 REYNOLDS DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,848.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988927 MORTGAGORS: ABBOTT PHILLIP
ABBOTT LINDA
REGION CODE ADDRESS : 4903 TRAIL WEST DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78735
MORTGAGE AMOUNT : 163,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 163,093.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,211.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 992,950.00
P & I AMT: 7,515.56
UPB AMT: 992,435.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 163
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030989016 MORTGAGORS: TROTTA GIAN
TROTTA MARIA
REGION CODE ADDRESS : 241 UNION STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11231
MORTGAGE AMOUNT : 489,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,678.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030989073 MORTGAGORS: WORDEN THOMAS
WORDEN MICHELE
REGION CODE ADDRESS : 18 TURNBERRY LANE
01 CITY : PITTSFORD
STATE/ZIP : NY 14534
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,838.96 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 : 80.00000
----------------------------------------------------------------
0 0030989115 MORTGAGORS: JACKSON DANNY
JACKSON REBECCA
REGION CODE ADDRESS : 1217 W COVE DRIVE
01 CITY : GILBERT
STATE/ZIP : AZ 85233
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 : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030989131 MORTGAGORS: WINNINGHAM SIGNEOUS
WINNINGHAM BARBARA
REGION CODE ADDRESS : 1496 KINGSTREAM DRIVE
01 CITY : HERNDON
STATE/ZIP : VA 20170
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,847.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0030989255 MORTGAGORS: ALEXANDER DAVID
ALEXANDER LORI
REGION CODE ADDRESS : 5030 AIRLINE ROAD
01 CITY : HIGHLAND PARK
STATE/ZIP : TX 75205
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 160,075.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,987.29 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: 1,593,600.00
P & I AMT: 11,723.59
UPB AMT: 1,341,051.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 164
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030989479 MORTGAGORS: HELFANT RICHARD
HELFANT KAY
REGION CODE ADDRESS : 461 MAPLE AVENUE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,202.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030989495 MORTGAGORS: JOURNEY CHARLES
JOURNEY CONNIE
REGION CODE ADDRESS : LINCOLN 3RD NE 2ND AVE
01 CITY : CARMEL
STATE/ZIP : CA 93921
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,475.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,643.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
0 0030989529 MORTGAGORS: PUSCH GREGORY
PUSCH JANE
REGION CODE ADDRESS : 34 WOODLAND ROAD
01 CITY : WESTWOOD
STATE/ZIP : MA 02090
MORTGAGE AMOUNT : 246,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,459.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030989644 MORTGAGORS: BOUSMAN BRUCE
BOUSMAN SUSAN
REGION CODE ADDRESS : 5438 FAIRVIEW PLACE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,647.11 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 : 78.74000
----------------------------------------------------------------
0 0030989917 MORTGAGORS: BURKHEAD MICHAEL
BURKHEAD JENNIFER
REGION CODE ADDRESS : 1325 WOODLAKE COURT
01 CITY : MOUNT PLEASANT
STATE/ZIP : SC 29464
MORTGAGE AMOUNT : 219,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,904.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,606.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,595,700.00
P & I AMT: 11,558.96
UPB AMT: 1,593,688.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 165
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030990238 MORTGAGORS: TOWEH SOLOMON
TOWEH NAOMI
REGION CODE ADDRESS : 8911 EDISON LANE
01 CITY : CLINTON
STATE/ZIP : MD 20735
MORTGAGE AMOUNT : 228,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,711.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,759.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
0 0030990691 MORTGAGORS: HOPKINS ELLEN
REGION CODE ADDRESS : 6768 EVERGREEN AVENUE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030990782 MORTGAGORS: LEE WILLIAM
LEE SUSAN
REGION CODE ADDRESS : 1049 WUNDERLICH DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,775.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,458.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.76100
----------------------------------------------------------------
0 0030991012 MORTGAGORS: RAMOS ROBERT
RAMOS KIMBERLY
REGION CODE ADDRESS : 1797 MOORPARK DRIVE
01 CITY : BREA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 156,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 155,889.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,117.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030991046 MORTGAGORS: BARRON GEORGE
BARRON ELIZABETH
REGION CODE ADDRESS : 10806 BREWINGTON ROAD
01 CITY : RICHMOND
STATE/ZIP : VA 23233
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,829.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 92.33700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,192,850.00
P & I AMT: 8,724.02
UPB AMT: 1,192,042.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 166
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030991129 MORTGAGORS: MOULTON THOMAS
MOULTON DARLENE
REGION CODE ADDRESS : 4066 GREENVIEW DRIVE
01 CITY : EL DORADO HILL
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 591,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 590,362.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,235.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030991160 MORTGAGORS: HALKER MEHMET
HALKER AYDA
REGION CODE ADDRESS : 11800 ROSALINDA DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,663.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 83.70300
----------------------------------------------------------------
0 0030991244 MORTGAGORS: KEEF JACK
KEEF VIRGINIA
REGION CODE ADDRESS : 5663 ARLENE WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 239,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,819.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0030991269 MORTGAGORS: WILSON RICHARD
WILSON DEBORAH
REGION CODE ADDRESS : 1534 STEINHART AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 222,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,492.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,615.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030991285 MORTGAGORS: BEEBE ROBERT
BEEBE JONI
REGION CODE ADDRESS : 1428 HUSTED AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,683.59 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 : 51.08600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,514,150.00
P & I AMT: 10,889.48
UPB AMT: 1,512,021.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 167
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030991319 MORTGAGORS: BUCHANAN SAMUEL
BUCHANAN DIANE
REGION CODE ADDRESS : 1330 SUGAR LOAF DRIVE
01 CITY : LA CANADA
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,508.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,678.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 24.33300
----------------------------------------------------------------
0 0030991335 MORTGAGORS: GOODSITE KIM
GOODSITE NATALIE
REGION CODE ADDRESS : 22 CHICORY LANE #85
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,705.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 61.33300
----------------------------------------------------------------
0 0030991350 MORTGAGORS: MICU CHRISTIAN
MICU LUIZA
REGION CODE ADDRESS : 1527 CANYON DRIVE
01 CITY : FULLERTON
STATE/ZIP : CA 92833
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,693.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030991459 MORTGAGORS: HUNJAN GULZAR
HUNJAN MANJEET
REGION CODE ADDRESS : 13790 NOB AVENUE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 448,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,321.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,409.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 71.20600
----------------------------------------------------------------
0 0030991467 MORTGAGORS: MORELAND STEVEN
MORELAND JANICE
REGION CODE ADDRESS : 557 PRIMROSE LANE
01 CITY : BENICIA
STATE/ZIP : CA 94510
MORTGAGE AMOUNT : 227,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,585.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,499,500.00
P & I AMT: 11,141.28
UPB AMT: 1,497,813.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 168
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030991475 MORTGAGORS: RIEBEN GARY
RIEBEN BARBARA
REGION CODE ADDRESS : 488 DAIRY WAY
01 CITY : BUELLTON
STATE/ZIP : CA 93427
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,915.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030991756 MORTGAGORS: PUCCIARELLO A.
PUCCIARELLO A.
REGION CODE ADDRESS : 2624 PARK RIDGE ROAD
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 240,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,421.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 51.67500
----------------------------------------------------------------
0 0030991806 MORTGAGORS: LEBER KAREN
REGION CODE ADDRESS : 6123 W KENT DRIVE
01 CITY : CHANDLER
STATE/ZIP : AZ 85226
MORTGAGE AMOUNT : 345,517.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,285.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,535.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0030991954 MORTGAGORS: CHOW STEVEN
CHOW JOANNE
REGION CODE ADDRESS : 1032 SAN REMO WAY
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.25242
----------------------------------------------------------------
0 0030991988 MORTGAGORS: XU PINGYI
SHEN XIANG
REGION CODE ADDRESS : 1525 PETAL WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,732.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,813.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,535,367.00
P & I AMT: 11,091.20
UPB AMT: 1,534,132.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 169
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030992085 MORTGAGORS: HANSON DOUGLAS
HANSON MARY
REGION CODE ADDRESS : 1800 REDWING DRIVE
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 290,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,289.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99052
----------------------------------------------------------------
0 0030992168 MORTGAGORS: YOUNG MICHAEL
YOUNG LINDA
REGION CODE ADDRESS : 23043 ENCHANTED LANDING LANE
01 CITY : KATY
STATE/ZIP : TX 77450
MORTGAGE AMOUNT : 141,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 141,057.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,048.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030992267 MORTGAGORS: GALLAGHER DANIEL
GALLAGHER MELISA
REGION CODE ADDRESS : 22950 ROCKHILL ROAD
01 CITY : STERLING
STATE/ZIP : VA 20166
MORTGAGE AMOUNT : 235,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,925.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.87800
----------------------------------------------------------------
0 0030992408 MORTGAGORS: JACKSON SUSAN
DURR ROBERT
REGION CODE ADDRESS : 268 FRANCISCAN DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 322,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,688.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,397.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030992481 MORTGAGORS: PATEL NAVAN
PATEL SONAL
REGION CODE ADDRESS : 11081 INSPIRATION CIRCLE
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 331,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,374.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.97741
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,321,150.00
P & I AMT: 9,520.47
UPB AMT: 1,320,461.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 170
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030992556 MORTGAGORS: ABRAM RICHARD
ABRAM MARILYN
REGION CODE ADDRESS : 922 ANGELA DRIVE
01 CITY : LEWISVILLE
STATE/ZIP : TX 75067
MORTGAGE AMOUNT : 144,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 143,905.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,069.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030992580 MORTGAGORS: LOMBARDI MICHAEL
LOMBARDI MILDRED
REGION CODE ADDRESS : 10 NEWBERRY COURT
01 CITY : MEDFORD
STATE/ZIP : NJ 08055
MORTGAGE AMOUNT : 230,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,741.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,674.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.92300
----------------------------------------------------------------
0 0030992960 MORTGAGORS: YOUNG CHARLES
SWIFT MAUREEN
REGION CODE ADDRESS : 5255 E MERCER WAY
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,664.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.74000
----------------------------------------------------------------
0 0030993232 MORTGAGORS: MILLER JOSEPH
MILLER JAMIE
REGION CODE ADDRESS : 9339 ESTHER STREET
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 185,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 185,062.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,294.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030993315 MORTGAGORS: AKHAVAN FATEMEH
REGION CODE ADDRESS : 11755 MONTANA AVENUE SUTE 205
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,665.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.97900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,287,100.00
P & I AMT: 9,372.81
UPB AMT: 1,286,373.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 171
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030993349 MORTGAGORS: STRONG FINN
REGION CODE ADDRESS : 8 SPRUCE AVENUE`
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,836.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 55.18700
----------------------------------------------------------------
0 0030993471 MORTGAGORS: CHERNISS LARRY
REGION CODE ADDRESS : 528 GILES WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,672.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.93400
----------------------------------------------------------------
0 0030993638 MORTGAGORS: BIEHL THEODORE
BIEHL JUNE
REGION CODE ADDRESS : 6060 KAUFMAN ROAD
01 CITY : OAKDALE
STATE/ZIP : CA 95361
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,172.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030993729 MORTGAGORS: MC COY SEAN
MC COY MICHELE
REGION CODE ADDRESS : 11080 MATTHEWS DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 314,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,515.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------
0 0030993984 MORTGAGORS: STEPHENSON DAVID
STEPHENSON PAULA
REGION CODE ADDRESS : 29011 TURNBERRY COURT
01 CITY : GEORGETOWN
STATE/ZIP : TX 78628
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,858.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,432.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,270,450.00
P & I AMT: 9,350.92
UPB AMT: 1,269,055.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 172
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030994032 MORTGAGORS: THOENE MAX
REGION CODE ADDRESS : 905 ROCK SPRING COVE
01 CITY : ROUND ROCK
STATE/ZIP : TX 78681
MORTGAGE AMOUNT : 148,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,898.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,073.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030994040 MORTGAGORS: RASCH CLINTON
REGION CODE ADDRESS : 28798 HEARTHSTONE
01 CITY : NOVI
STATE/ZIP : MI 48377
MORTGAGE AMOUNT : 224,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,589.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0030994206 MORTGAGORS: BROWN KEITH
BROWN ANITA
REGION CODE ADDRESS : 6400 WIDGEON DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75024
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,876.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,305.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030994388 MORTGAGORS: ERMATINGER THOMAS
ERMATINGER NU
REGION CODE ADDRESS : 9351 SHADWELL LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,364.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,335.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.87500
----------------------------------------------------------------
0 0030994594 MORTGAGORS: PALMER RAYMOND
PALMER BETTCINDA
REGION CODE ADDRESS : 3606 LINDA VISTA TERRACE
01 CITY : FALLBROOK
STATE/ZIP : CA 92028
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,212,900.00
P & I AMT: 8,811.78
UPB AMT: 1,211,594.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 173
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030994701 MORTGAGORS: WUEBBENS EVERETT
BROWN PAUL
REGION CODE ADDRESS : 2405 LUELF COURT
01 CITY : RAMONA AREA
STATE/ZIP : CA 92065
MORTGAGE AMOUNT : 321,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,572.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,305.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.99840
----------------------------------------------------------------
0 0030994941 MORTGAGORS: KNAPE JAMES
KNAPE DORIAN
REGION CODE ADDRESS : 19 CANTILENA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 763,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 762,761.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,468.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 79.99800
----------------------------------------------------------------
0 0030995203 MORTGAGORS: MILANOVICH FRED
MILANOVICH LINDA
REGION CODE ADDRESS : 24240 NORTH 112TH PLACE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.58600
----------------------------------------------------------------
0 0030995310 MORTGAGORS: FARLEY DWAYNE
REGION CODE ADDRESS : 2103 CHERRYSTONE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 255,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,224.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98300
----------------------------------------------------------------
0 0030995351 MORTGAGORS: KRAMPF JAMES
KRAMPF DIANA
REGION CODE ADDRESS : 4 SUNSET DRIVE
01 CITY : KENSINGTON
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 265,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,012.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,935,700.00
P & I AMT: 13,918.27
UPB AMT: 1,934,344.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 174
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030995815 MORTGAGORS: CROSBY RODNEY
CROSBY GAIL
REGION CODE ADDRESS : 2506 KENILWORTH AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90039
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,653.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.93000
----------------------------------------------------------------
0 0030995898 MORTGAGORS: CARPENTER RAYMOND
CARPENTER MARY
REGION CODE ADDRESS : 14037 SADDLEWOOD DR
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,450.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030995906 MORTGAGORS: ANDERSON CHRISTOPHER
MAYER SUSAN
REGION CODE ADDRESS : 12 ECHO LANE
01 CITY : PIEDMONT
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,574.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030995914 MORTGAGORS: ALMAN STEVEN
DENNIS CHARLOTTE
REGION CODE ADDRESS : 1100 OAK HILL ROAD
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 379,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,435.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,650.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.95100
----------------------------------------------------------------
0 0030995922 MORTGAGORS: MANGANO JANICE
REGION CODE ADDRESS : 6150 MERIDAN AVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 236,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,943.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 71.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,582,500.00
P & I AMT: 11,452.92
UPB AMT: 1,580,058.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 175
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030995971 MORTGAGORS: KOWALCHUK JOHN
KOWALCHUK TINA
REGION CODE ADDRESS : 132 EL VIENTO AVE
01 CITY : PISMO BEACH
STATE/ZIP : CA 93449
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,394.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030995997 MORTGAGORS: DAVIS-HUMPHREY KELLI
REGION CODE ADDRESS : 4 ST PAUL LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,755.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.92800
----------------------------------------------------------------
0 0030996045 MORTGAGORS: HASA GEORGE
HASA ZLATICA
REGION CODE ADDRESS : 218 ALDERBROOK PLACE
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 362,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,111.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,660.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030996078 MORTGAGORS: CHRISTOPHER VAN
CHRISTOPHER JOAN
REGION CODE ADDRESS : 955 BOUQUET CIRCLE
01 CITY : CORONA
STATE/ZIP : CA 91719
MORTGAGE AMOUNT : 235,695.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,369.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030996144 MORTGAGORS: HECHMAN DANIEL
HECKMAN LISA
REGION CODE ADDRESS : 23202 WEST SAVORY PLACE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 248,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,347.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.96800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,447,745.00
P & I AMT: 10,469.03
UPB AMT: 1,445,978.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 176
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030996151 MORTGAGORS: DESJARDINS ROLAND
DESJARDINS MICHELLE
REGION CODE ADDRESS : 23206 WEST SAVORY PLACE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,528.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,188.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99000
----------------------------------------------------------------
0 0030996185 MORTGAGORS: TRIVEDI RAJ
TRIVEDI ALKA
REGION CODE ADDRESS : 930 EAST CALLE FRONDOSA
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 235,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,294.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030996193 MORTGAGORS: JONES STEPHEN
JONES MARLA
REGION CODE ADDRESS : 1430 RIMROAD
01 CITY : RIVERSIDE
STATE/ZIP : CA 92506
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,548.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,458.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 83.75000
----------------------------------------------------------------
0 0030996201 MORTGAGORS: EGGLESTON ROD
EGGLESTON WENDY
REGION CODE ADDRESS : 212 VIA EBOLI
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,382.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.27200
----------------------------------------------------------------
0 0030996268 MORTGAGORS: SHANG JONG-WEY
SHANG HSUI-MEI
REGION CODE ADDRESS : 7 WILLIAMSBURG
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,636.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.94600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,571,600.00
P & I AMT: 11,331.73
UPB AMT: 1,569,391.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 177
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030996292 MORTGAGORS: FALES GARY
FALES SHERYL
REGION CODE ADDRESS : 14701 LA RINCONADA DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,251.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,560.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 64.35300
----------------------------------------------------------------
0 0030996300 MORTGAGORS: FLEWELLING ROBERT
DIEHL JANET
REGION CODE ADDRESS : 12 ANSON WAY
01 CITY : KENSINGTON
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 264,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,775.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,892.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030996375 MORTGAGORS: FONG STEPHEN
FONG BINH
REGION CODE ADDRESS : 632 TROON COURT
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,493.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,758.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.94300
----------------------------------------------------------------
0 0030996383 MORTGAGORS: NEVAREZ CLARICE
REGION CODE ADDRESS : 532 11TH STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90402
MORTGAGE AMOUNT : 563,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 562,260.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,180.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.56900
----------------------------------------------------------------
0 0030996391 MORTGAGORS: NGAI LARRY
NGAI GRACE
REGION CODE ADDRESS : 2669 MARTINEZ DRIVE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,426.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,365.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,251,150.00
P & I AMT: 16,757.72
UPB AMT: 2,248,208.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 178
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030996417 MORTGAGORS: GRANTZ ARTHUR
GRANTZ LEILA
REGION CODE ADDRESS : 2021 GRAHAM AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,430.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,774.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030996441 MORTGAGORS: GUY RICHARD
GUY SUSAN
REGION CODE ADDRESS : 194 SIERRA COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,199.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,788.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030996458 MORTGAGORS: NGUYEN CHAU
DO THUY-CAM
REGION CODE ADDRESS : 568 WEST REMINGTON DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030996466 MORTGAGORS: PARDILLA JESURINO
PARDILLA EMERENCIANA
REGION CODE ADDRESS : 78 NELSON COURT
01 CITY : DALY CITY
STATE/ZIP : CA 94015
MORTGAGE AMOUNT : 258,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,943.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030996482 MORTGAGORS: ODOM CURTIS
ODOM ANGELA
REGION CODE ADDRESS : 3581 CELINDA DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 304,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,169.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,183.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,707,100.00
P & I AMT: 12,316.59
UPB AMT: 1,704,487.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 179
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030996490 MORTGAGORS: MUNDAY ROBERT
VENNER SUSAN
REGION CODE ADDRESS : 754 HOLLY OAK DRIVE
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,308.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,369.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030996516 MORTGAGORS: BENTON JAMES
BENTON PAULINE
REGION CODE ADDRESS : 3738 MEADOWLANDS LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,564.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.22400
----------------------------------------------------------------
0 0030996524 MORTGAGORS: DANDEKAR ABHAYA
DANDEKAR SATYA
REGION CODE ADDRESS : 39766 MORNING DOVE PLACE
01 CITY : DAVIS
STATE/ZIP : CA 95616
MORTGAGE AMOUNT : 382,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,921.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,773.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
0 0030996532 MORTGAGORS: LANE ARTHUR
LANE LORRAINE
REGION CODE ADDRESS : 16340 SAN RAMON DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 292,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,385.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030996573 MORTGAGORS: PATTISON ALAN
REGION CODE ADDRESS : 1405 5TH AVENUE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 253,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,032.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,704,650.00
P & I AMT: 12,156.72
UPB AMT: 1,702,212.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 180
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030996615 MORTGAGORS: BARKER ARTHUR
REGION CODE ADDRESS : 15 RIVERSHORE COURT
01 CITY : SACRAMENTO
STATE/ZIP : CA 95831
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,102.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.93600
----------------------------------------------------------------
0 0030996631 MORTGAGORS: RITTORNO MARK
RITTORNO DONNA
REGION CODE ADDRESS : 9716 GAVIN STONE AVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89128
MORTGAGE AMOUNT : 335,122.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,094.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,429.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0030996763 MORTGAGORS: SANDERS JOANNE
SANDERS MORGAN
REGION CODE ADDRESS : 19380 APPLE VALLEY ROAD
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,007.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,107.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030996789 MORTGAGORS: NAGLE DANIEL
REGION CODE ADDRESS : 7030 ARBOR LANE #103
01 CITY : NORTHFIELD
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,752.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,420.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030996821 MORTGAGORS: WILKINSON R
WILKINSON SANDRA
REGION CODE ADDRESS : 6351 TURNBERRY CIRCLE
01 CITY : HUNTINGDON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 483,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 482,675.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,540.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 56.82300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,747,322.00
P & I AMT: 12,726.11
UPB AMT: 1,744,632.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 181
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030997076 MORTGAGORS: HALTIWANGER BRIAN
HALTIWANGER DEBORAH
REGION CODE ADDRESS : 79 TALLWOOD ROAD
01 CITY : JACKSONVILLE BEACH
STATE/ZIP : FL 32250
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.68800
----------------------------------------------------------------
0 0030997118 MORTGAGORS: IMHOFF ALBERT
IMHOFF SUE
REGION CODE ADDRESS : 15 IPSWICH ROAD
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,857.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.80600
----------------------------------------------------------------
0 0030997126 MORTGAGORS: ZIEMAN ROBERT
ZIEMAN HELEN
REGION CODE ADDRESS : 1030 VISTA DEL VALLE
01 CITY : LA CANADA
STATE/ZIP : CA 91011
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.18100
----------------------------------------------------------------
0 0030997183 MORTGAGORS: BECK STEPHEN
BECK KAZUKO
REGION CODE ADDRESS : 2474 TWYLA COURT
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,840.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 65.83300
----------------------------------------------------------------
0 0030997209 MORTGAGORS: THOMSON STEVEN
THOMSON MASAKO
REGION CODE ADDRESS : 20381 VIA VARADERO
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,721.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,622.06 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: 1,462,000.00
P & I AMT: 10,540.00
UPB AMT: 1,460,979.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 182
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030997225 MORTGAGORS: GUTIERREZ CHARLES
GUTIERREZ MARIE
REGION CODE ADDRESS : 2822 DENISE STREET
01 CITY : NEWBURY PARK
STATE/ZIP : CA 91328
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 : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
0 0030997241 MORTGAGORS: KETCHAM DANIEL
KETCHAM PAMELA
REGION CODE ADDRESS : 20711 DUNBAR DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 272,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,666.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.74300
----------------------------------------------------------------
0 0030997290 MORTGAGORS: BREGMAN JERROLD
BREGMAN JENN
REGION CODE ADDRESS : 3413 MOORE STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,708.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,583.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 69.67742
----------------------------------------------------------------
0 0030997332 MORTGAGORS: DALTON JOHN
DALTON LAURA
REGION CODE ADDRESS : 19177 HOLLOW LANE
01 CITY : REDDING
STATE/ZIP : CA 96003
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,097.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.09000
----------------------------------------------------------------
0 0030997357 MORTGAGORS: RIGDON MARK
RIGDON LORI
REGION CODE ADDRESS : 2784 ASHTON DRIVE
01 CITY : LEBANON
STATE/ZIP : OH 45036
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,499.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,256,350.00
P & I AMT: 9,082.76
UPB AMT: 1,254,623.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 183
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030997415 MORTGAGORS: ARNDT EDWARD
ARNDT CAROLYN
REGION CODE ADDRESS : 434 SANGRO COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,721.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,929.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030997423 MORTGAGORS: DESMOND JAMES
DESMOND KRISTINE
REGION CODE ADDRESS : 104 VIKI COURT
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,228.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,745.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030997431 MORTGAGORS: HASTINGS JEFFREY
HASTINGS RACHEL
REGION CODE ADDRESS : 754 JORDAN AVENUE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 438,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,346.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,245.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 57.63100
----------------------------------------------------------------
0 0030997456 MORTGAGORS: PASCOE ROBERT
PASCOE PATRICIA
REGION CODE ADDRESS : 28422 LA FALDA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 254,125.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,765.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,820.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030997472 MORTGAGORS: DERIEUX ROBERT
DERIEUX JEANETTE
REGION CODE ADDRESS : 30875 BARDMOOR DRIVE
01 CITY : TEMECULA
STATE/ZIP : CA 92592
MORTGAGE AMOUNT : 225,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,854.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,570,875.00
P & I AMT: 11,412.60
UPB AMT: 1,568,916.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 184
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030997480 MORTGAGORS: GILBERT VICTORIA
REGION CODE ADDRESS : 11115 MONTANA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
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 : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.48300
----------------------------------------------------------------
0 0030997498 MORTGAGORS: GOLD BARRY
REGION CODE ADDRESS : 2589 BASIL LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 249,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,286.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 69.99100
----------------------------------------------------------------
0 0030997506 MORTGAGORS: GARCIA ROBERT
GARCIA ANN
REGION CODE ADDRESS : 75 SHELFORD AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 351,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,351.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,518.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030997654 MORTGAGORS: SMITH EMILY
WONG STEVEN
REGION CODE ADDRESS : 480 PINEWOOD DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,995.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030997662 MORTGAGORS: SHELDON JON
SHELDON CYNTHIA
REGION CODE ADDRESS : 1354 VIA DE LOS REYES
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,676.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,450.00
P & I AMT: 10,721.44
UPB AMT: 1,487,773.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 185
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030997670 MORTGAGORS: OSSERMAN GEORGETTE
REGION CODE ADDRESS : 370 SAUSALITO BLVD
01 CITY : SAUSALITO
STATE/ZIP : CA 94968
MORTGAGE AMOUNT : 491,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,371.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,688.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 58.80200
----------------------------------------------------------------
0 0030997688 MORTGAGORS: ROBINSON SUSAN
CLEMENTS JOYCE
REGION CODE ADDRESS : 386 OCEAN PARKWAY
01 CITY : BOLINAS
STATE/ZIP : CA 94924
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,175.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 67.80800
----------------------------------------------------------------
0 0030997696 MORTGAGORS: SHAW LINCOLN
SHAW KIRSTEN
REGION CODE ADDRESS : 135 MOUNTAIN SPRING AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 596,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 595,197.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,373.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.80700
----------------------------------------------------------------
0 0030997712 MORTGAGORS: SHIRE MICHAEL
SHIRE SUSAN
REGION CODE ADDRESS : 19 WILLIAMS DRIVE
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 377,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,374.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,636.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.54500
----------------------------------------------------------------
0 0030997720 MORTGAGORS: GOTHBERG BRADLEY
REGION CODE ADDRESS : 1585 SERAFIX ROAD
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 399,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,560.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,830.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.69800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,111,450.00
P & I AMT: 15,366.50
UPB AMT: 2,108,679.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 186
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030997738 MORTGAGORS: MCGLINCHY DONALD
MCGLINCHY LYNN
REGION CODE ADDRESS : 4037 FALLWOOD COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,401.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030997803 MORTGAGORS: HAERLE MARTIN
HAERLE DIANA
REGION CODE ADDRESS : 6625 ALLOTT AVENUE
01 CITY : VAN NUYS AREA LOS ANGELE
STATE/ZIP : CA 91401
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,837.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030997829 MORTGAGORS: HELMAN ROSS
REGION CODE ADDRESS : 5 CLIFFWOOD
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 231,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,996.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030997837 MORTGAGORS: MARCUS WILLIAM
MARCUS DENISE
REGION CODE ADDRESS : 574 VIA SANTA YNEZ
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,362.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,223.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 50.84700
----------------------------------------------------------------
0 0030997910 MORTGAGORS: REYES ROLANDO
REYES JOSEFINA
REGION CODE ADDRESS : 2215 CALLE DE PLATA
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 271,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,295.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,462,600.00
P & I AMT: 10,512.04
UPB AMT: 1,460,894.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 187
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030997977 MORTGAGORS: TAN DARREL
LIE TERRY
REGION CODE ADDRESS : 4535 MACKINAW STREET
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 276,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,398.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.97800
----------------------------------------------------------------
0 0030998009 MORTGAGORS: LEE JEONG
LEE BOOHYUN
REGION CODE ADDRESS : 3082 WAVERLEY STREET
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,530.98 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 : 73.25500
----------------------------------------------------------------
0 0030998025 MORTGAGORS: JULIAN DONALD
JULIAN ANN
REGION CODE ADDRESS : 1311 CORDELIA AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 378,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,877.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,743.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.83300
----------------------------------------------------------------
0 0030998033 MORTGAGORS: KANEY MICHAEL
KANEY SUSAN
REGION CODE ADDRESS : 1377 EAST SHORE DRIVE
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,596.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030998041 MORTGAGORS: HOUSTON GUY
HOUSTON NANCY
REGION CODE ADDRESS : 503 AVENIDA TERESA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,651.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,496,200.00
P & I AMT: 10,658.72
UPB AMT: 1,494,054.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 188
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030998074 MORTGAGORS: DAVIS DAVID
DAVIS FRANCES
REGION CODE ADDRESS : 106 WOODRANCH CIRCLE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,752.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.03400
----------------------------------------------------------------
0 0030998132 MORTGAGORS: OSTROW BRIAN
SPODEK ESTHER
REGION CODE ADDRESS : 2419 PARK PLACE
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,285.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.76500
----------------------------------------------------------------
0 0030998165 MORTGAGORS: HARDIN TROY
REGION CODE ADDRESS : 301 RIVIERA DRIVE
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 406,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,706.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,873.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030998249 MORTGAGORS: YU YUEN
REGION CODE ADDRESS : 3106 BELLE RIVER DRIVE
01 CITY : HACIENDA HEIGHTS
STATE/ZIP : CA 91745
MORTGAGE AMOUNT : 229,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,290.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030998272 MORTGAGORS: GLEASON JOHN
GLEASON VICTORIA
REGION CODE ADDRESS : 1056 SOUTH MILES COURT
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,653.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.72100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,549,600.00
P & I AMT: 11,106.37
UPB AMT: 1,548,403.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 189
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030998280 MORTGAGORS: CHRISTENSEN GEORGE
CHRISTENSEN BELINDA
REGION CODE ADDRESS : 22 VIA BERRENDO
01 CITY : RANCHO SANTA MARGARI
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 225,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,630.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0030998348 MORTGAGORS: ATAIAN YAMIN
ATAIAN AZAR
REGION CODE ADDRESS : 19009 KAY AVENUE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,693.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030998819 MORTGAGORS: RIDDLE WILLIAM
RIDDLE IRENE
REGION CODE ADDRESS : 18319 PINE CANYON ROAD
01 CITY : LAKE HUGHES AREA
STATE/ZIP : CA 93532
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,829.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.30700
----------------------------------------------------------------
0 0030998835 MORTGAGORS: EHRLICH GERALD
EHRLICH KATHLEEN
REGION CODE ADDRESS : 3952 FRESHWIND CIRCLE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91636
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 51.81800
----------------------------------------------------------------
0 0030998850 MORTGAGORS: GARCIA JOHN
GARCIA SOFIA
REGION CODE ADDRESS : 4435 EAST ARDMORE STREET
01 CITY : ANAHEIM HILLS
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,830.02 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 : 79.67700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,220,950.00
P & I AMT: 8,787.75
UPB AMT: 1,219,781.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 190
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030998884 MORTGAGORS: BRADLEY THOMAS
BRADLEY SUSAN
REGION CODE ADDRESS : 683 PARK HILL ROAD
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,596.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,191.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 74.19300
----------------------------------------------------------------
0 0030998918 MORTGAGORS: MOORE JAMES
MOORE E.
REGION CODE ADDRESS : 950 CALABRIA COURT
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,649.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0030998926 MORTGAGORS: SMITH DONA
REGION CODE ADDRESS : 15185 BROOKS-SCANLON ROAD
01 CITY : SISTERS
STATE/ZIP : OR 97759
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.54500
----------------------------------------------------------------
0 0030998934 MORTGAGORS: LEELACHAT CHARLY
LEELACHAT JANE
REGION CODE ADDRESS : 9876 SILVRETTA DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 259,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,382.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,860.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.91200
----------------------------------------------------------------
0 0030998959 MORTGAGORS: NEBENZAHL MICHAEL
OFFEL JANET
REGION CODE ADDRESS : 22852 CRESPI STREET
01 CITY : (WOODLAND HILLS AREA) LOS
STATE/ZIP : CA 91364
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 : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,353,750.00
P & I AMT: 9,771.81
UPB AMT: 1,351,280.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 191
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030998983 MORTGAGORS: TOM RICHARD
AHN BARBARA
REGION CODE ADDRESS : 1640 VIA CAMPO VERDE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 394,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,641.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,826.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030998991 MORTGAGORS: REICHERT JAMES
LAU ARLENE
REGION CODE ADDRESS : 270 BONITA LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 266,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,412.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,888.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030999007 MORTGAGORS: PI XIOA
DENG XIU
REGION CODE ADDRESS : 326 "D" GENOA STREET
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,631.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.75400
----------------------------------------------------------------
0 0030999023 MORTGAGORS: STILLMAN JON
STILLMAN LESLIE
REGION CODE ADDRESS : 9 MENTON
01 CITY : NEWPORT COAST
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,528.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,385.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.35200
----------------------------------------------------------------
0 0030999031 MORTGAGORS: CLEAVER WILLIAM
REGION CODE ADDRESS : 7 VISTA DEL CERRO
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 268,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,587.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,973.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,523,250.00
P & I AMT: 10,936.43
UPB AMT: 1,520,802.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 192
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030999049 MORTGAGORS: MAH LARRY
MAH CONNIE
REGION CODE ADDRESS : 19036 BRAMHALL LANE
01 CITY : ROWLAND HEIGHTS
STATE/ZIP : CA 91748
MORTGAGE AMOUNT : 294,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,883.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,108.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.87700
----------------------------------------------------------------
0 0030999056 MORTGAGORS: SMITH CRAIG
SMITH MARIE
REGION CODE ADDRESS : 23011 EDENTON PLACE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,257.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.24500
----------------------------------------------------------------
0 0030999080 MORTGAGORS: RICHARDS KIRK
RICHARDS CAROL
REGION CODE ADDRESS : 11521 GENTLEWOOD DRIVE
01 CITY : MOORPARK
STATE/ZIP : CA 93021
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.11500
----------------------------------------------------------------
0 0030999098 MORTGAGORS: LYONS STEVEN
LYONS LINDA
REGION CODE ADDRESS : 914 EAST OLIVE AVENUE
01 CITY : BURBANK
STATE/ZIP : CA 91501
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,815.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030999106 MORTGAGORS: MONK JAMES
MONK ANN
REGION CODE ADDRESS : 2412 GINNY WAY
01 CITY : LAFAYETTE
STATE/ZIP : CO 80026
MORTGAGE AMOUNT : 392,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,930.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,778.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,411,800.00
P & I AMT: 10,138.66
UPB AMT: 1,409,716.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 193
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030999239 MORTGAGORS: MEDINA OSCAR
MEDINA NILDA
REGION CODE ADDRESS : 1532 RANCHO HILLS DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 292,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,485.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,098.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0030999379 MORTGAGORS: HARLEY ROBERT
HARLEY ELIZABETH
REGION CODE ADDRESS : 323 COVE ROAD
01 CITY : INMAN
STATE/ZIP : SC 29349
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
0 0030999460 MORTGAGORS: GARCIA STEVEN
REGION CODE ADDRESS : 3616 COUR DU VIN
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,216.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.10400
----------------------------------------------------------------
0 0030999536 MORTGAGORS: ROWE KENN
STOLFA ELLEN
REGION CODE ADDRESS : 5733 NORTH NEWCASTLE AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60631
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,000.00 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 : 80.00000
----------------------------------------------------------------
0 0030999569 MORTGAGORS: DORAIS GREGORY
DORAIS KYUNGHEE
REGION CODE ADDRESS : 3571 KETTMANN ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 258,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,934.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,850.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,536,800.00
P & I AMT: 11,048.39
UPB AMT: 1,535,291.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 194
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030999585 MORTGAGORS: SPRATT RAY
SPRATT KAREN
REGION CODE ADDRESS : 1848 ADOBE CREEK DRIVE
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,637.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030999619 MORTGAGORS: PUGMIRE KENT
PUGMIRE SHANNON
REGION CODE ADDRESS : 20675 SETTLER'S POINTE PLACE
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,841.90 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 : 89.99500
----------------------------------------------------------------
0 0030999627 MORTGAGORS: ROBERTS JOHN
ROBERTS CHARLENE
REGION CODE ADDRESS : 3970 ASHER COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,375.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.13900
----------------------------------------------------------------
0 0030999643 MORTGAGORS: TROTTER TRACEY
TROTTER ANNE
REGION CODE ADDRESS : 943 KELLEY COURT
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,610.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 35.26300
----------------------------------------------------------------
0 0030999650 MORTGAGORS: WATSON GENE
WATSON LAURA
REGION CODE ADDRESS : 2276 N MAC ARTHUR DRIVE
01 CITY : NOGALES
STATE/ZIP : AZ 85621
MORTGAGE AMOUNT : 431,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,738.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,354.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,429,250.00
P & I AMT: 10,437.94
UPB AMT: 1,427,204.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 195
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030999668 MORTGAGORS: SOBCZYK TADEUSZ
SOBCZYK SLAWOMIRA
REGION CODE ADDRESS : 2131 BLUERIDGE DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 449,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,744.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,574.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030999676 MORTGAGORS: TYLER SIDNEY
TYLER JOANN
REGION CODE ADDRESS : 526 LAUREL STREET
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,493.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.96100
----------------------------------------------------------------
0 0030999692 MORTGAGORS: BURKE JAMES
BURKE RITA
REGION CODE ADDRESS : 28472 VIA PASITA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 387,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,426.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,777.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0030999734 MORTGAGORS: JENKINS WILLIAM
JENKINS CAROLYN
REGION CODE ADDRESS : 6909 RAINTREE BOULEVARD
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,844.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,638.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030999783 MORTGAGORS: SANITA ANDREW
SANITA LAURA
REGION CODE ADDRESS : 25 GRANT AVENUE
01 CITY : WRENTHAM
STATE/ZIP : MA 02093
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,702,950.00
P & I AMT: 12,517.20
UPB AMT: 1,701,297.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 196
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030999965 MORTGAGORS: PLANET MICHAEL
PLANET LYNN
REGION CODE ADDRESS : 823 6TH AVENUE NORTH
01 CITY : SEATTLE
STATE/ZIP : WA 98109
MORTGAGE AMOUNT : 233,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,881.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
0 0030999981 MORTGAGORS: OWENS TAMARA
REGION CODE ADDRESS : 123 SACRAMENTO AVENUE
01 CITY : SAUSALITO
STATE/ZIP : CA 94965
MORTGAGE AMOUNT : 373,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,370.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,640.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.22300
----------------------------------------------------------------
0 0031000250 MORTGAGORS: LOMBARDO ROBERT
LOMBARDO MARY
REGION CODE ADDRESS : 28641 VIA REGGIO
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 224,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,074.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,588.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.97000
----------------------------------------------------------------
0 0031000276 MORTGAGORS: LYNCH EDWARD
LYNCH JUDITH
REGION CODE ADDRESS : 25752 PASEO DE LA PAZ
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,527.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 47.53400
----------------------------------------------------------------
0 0031000292 MORTGAGORS: MCBRYAN OLIVER
MCBRYAN ANN
REGION CODE ADDRESS : 1901 PARK LAKE DRIVE
01 CITY : BOULDER
STATE/ZIP : CO 80301
MORTGAGE AMOUNT : 597,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 596,931.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,231.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,828,250.00
P & I AMT: 12,940.23
UPB AMT: 1,823,785.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 197
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031000318 MORTGAGORS: LOHMANN LISA
LOHMANN EDWARD
REGION CODE ADDRESS : 338 SQUIRREL RIDGE WAY
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 271,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,712.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.24700
----------------------------------------------------------------
0 0031000326 MORTGAGORS: MAJORS JAMES
REGION CODE ADDRESS : 1005 WOODVIEW PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,079.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,656.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.84400
----------------------------------------------------------------
0 0031000391 MORTGAGORS: KENNAMER FRANK
TAYLOR TRISTIN
REGION CODE ADDRESS : 900 SHATTUCK AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94707
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031000607 MORTGAGORS: WOMACK RODNEY
WOMACK ALLISON
REGION CODE ADDRESS : 6526 PIKE COURT
01 CITY : ARVADA
STATE/ZIP : CO 80007
MORTGAGE AMOUNT : 245,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,276.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031000672 MORTGAGORS: ROGERS DAVID
ROGERS MARY
REGION CODE ADDRESS : 4515 BOXWOOD ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 648,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,268.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,536.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,160,100.00
P & I AMT: 15,387.18
UPB AMT: 2,158,094.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 198
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031000904 MORTGAGORS: JONES JEFFREY
JONES AUDREY
REGION CODE ADDRESS : 1315 MALLARD DRIVE
01 CITY : BRIDGEWATER TWP.
STATE/ZIP : NJ 08836
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 : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 71.87500
----------------------------------------------------------------
0 0031001092 MORTGAGORS: LOUGEE CHRISTOPHER
LOUGEE MARVA
REGION CODE ADDRESS : 2546 11TH AVENUE WEST
01 CITY : SEATTLE
STATE/ZIP : WA 98119
MORTGAGE AMOUNT : 359,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,289.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,544.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031001126 MORTGAGORS: HARRINGTON STEPHEN
HARRINGTON ELLEN
REGION CODE ADDRESS : 464 30TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 517,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 516,652.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,789.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 79.53800
----------------------------------------------------------------
0 0031001142 MORTGAGORS: PEPPERS HUGH
PEPPERS ELLEN
REGION CODE ADDRESS : 966 HORSELEG CREEK ROAD
01 CITY : ROME
STATE/ZIP : GA 30165
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,275.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,197.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031001332 MORTGAGORS: HORNECKER CHARLES
HORNECKER KIMBERLY
REGION CODE ADDRESS : 59 SUFFIELD AVENUE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,761,050.00
P & I AMT: 12,704.74
UPB AMT: 1,759,824.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 199
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031001357 MORTGAGORS: LAFAYETTE JOHN
MORRISON MARY
REGION CODE ADDRESS : 1230 JESSICA DRIVE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,823.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.58800
----------------------------------------------------------------
0 0031001373 MORTGAGORS: WRIGHT PAUL
WRIGHT EVE
REGION CODE ADDRESS : 8181 SUFFIELD STREET
01 CITY : LA PALMA
STATE/ZIP : CA 90623
MORTGAGE AMOUNT : 220,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,344.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,579.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031001399 MORTGAGORS: JULIEN RICHARD
JULIEN JUDY
REGION CODE ADDRESS : 24567 STONEGATE DRIVE
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,571.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.64100
----------------------------------------------------------------
0 0031001514 MORTGAGORS: KATSMAN ALEXANDER
KATSMAN VICTORIA
REGION CODE ADDRESS : 5423 ALCOVE AVENUE
01 CITY : NORTH HOLLYWOOD
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,829.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.92537
----------------------------------------------------------------
0 0031001530 MORTGAGORS: DORNBLASER DAVID
LEE JOANNE
REGION CODE ADDRESS : 14038 CHESTER AVENUE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 54.05400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,513,500.00
P & I AMT: 10,883.01
UPB AMT: 1,512,224.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 200
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031001803 MORTGAGORS: BEERSDORF JERRY
BEERSDORF MARCIA
REGION CODE ADDRESS : 277 GREENBROOK DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,625.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,116.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 93.44200
----------------------------------------------------------------
0 0031001837 MORTGAGORS: COUNTS EDWARD
REGION CODE ADDRESS : 783 HARNESS CREEK VIEW DRIVE
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 282,737.27 OPTION TO CONVERT :
UNPAID BALANCE : 278,599.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,043.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/25
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.87755
----------------------------------------------------------------
0 0031001860 MORTGAGORS: PETERSON GREGORY
PETERSON KERRILYN
REGION CODE ADDRESS : 957 SHADYBROOK DRIVE
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 298,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,966.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,112.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031002009 MORTGAGORS: TONEY SAM
REGION CODE ADDRESS : 16113 TURNBURY OAK DRIVE
01 CITY : ODESSA
STATE/ZIP : FL 33556
MORTGAGE AMOUNT : 226,458.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,309.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.30200
----------------------------------------------------------------
0 0031002058 MORTGAGORS: FAIRCHILD THOMAS
FAIRCHILD REBECCA
REGION CODE ADDRESS : 6520 CABERNET DRIVE
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 253,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,321.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,346,095.27
P & I AMT: 9,769.23
UPB AMT: 1,340,822.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 201
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031002108 MORTGAGORS: CRUZEN ROGER
REGION CODE ADDRESS : 18425 14TH AVENUE NORTH
01 CITY : PLYMOUTH
STATE/ZIP : MN 55447
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,056.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031002223 MORTGAGORS: GREER CARLETON
HENDERSON-GREER MARY
REGION CODE ADDRESS : 3603 GIDDINGS RANCH ROAD
01 CITY : ALTADENA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,845.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.38200
----------------------------------------------------------------
0 0031002413 MORTGAGORS: SHOU SEIN
SHOU PATRICIA
REGION CODE ADDRESS : 32485 MONTEREY DRIVE
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,589.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.64700
----------------------------------------------------------------
0 0031002504 MORTGAGORS: HOCH-SCHNEIDER LOWELL
HOCH-SCHNEIDER ELIZABETH
REGION CODE ADDRESS : 6737 2ND AVENUE NW
01 CITY : SEATTLE
STATE/ZIP : WA 98117
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031002736 MORTGAGORS: DASH MAUREEN
REGION CODE ADDRESS : 20612 DEFOREST ST
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 255,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,710.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,283,150.00
P & I AMT: 9,170.03
UPB AMT: 1,282,033.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 202
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031003064 MORTGAGORS: HAHN JOHN
DIAS-HAHN ESTHER
REGION CODE ADDRESS : 1700 MARKHAM WAY
01 CITY : SACRAMENTO
STATE/ZIP : CA 95818
MORTGAGE AMOUNT : 253,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,470.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031003197 MORTGAGORS: MURRAY PAUL
MURRAY CHRISTINE
REGION CODE ADDRESS : 45 S THURLOW STREET
01 CITY : HINSDALE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 279,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,707.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,029.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031003262 MORTGAGORS: BERGSTROM SCOTT
BERGSTROM PATRICIA
REGION CODE ADDRESS : 4219 VIDALIA DRIVE
01 CITY : ARLINGTON
STATE/ZIP : TX 76016
MORTGAGE AMOUNT : 48,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 47,921.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 409.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/17
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031003486 MORTGAGORS: BALDWIN WILLIAM
BALDWIN CAROLE
REGION CODE ADDRESS : 3691 WARBLER AVENUE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 393,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,457.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,849.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.60000
----------------------------------------------------------------
0 0031003536 MORTGAGORS: STEPP JAMES
STEPP ROBIN
REGION CODE ADDRESS : 888 SCHOOLHOUSE ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 266,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,241.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,956.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,241,150.00
P & I AMT: 9,061.39
UPB AMT: 1,239,797.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 203
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031003569 MORTGAGORS: CARLSON DONALD
CARLSON LYNNE
REGION CODE ADDRESS : 7108 EAST FOOTHILLS DRIVE
01 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 574,594.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,119.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 52.99500
----------------------------------------------------------------
0 0031003577 MORTGAGORS: KIRIAKI SAM
KIRIAKI RONY
REGION CODE ADDRESS : 3809 HUMBOLDT DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,535.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031003973 MORTGAGORS: ANDERSSON ANDERS
KNITTLE INGELA
REGION CODE ADDRESS : 19821 GRAYSTONE LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,539.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.16600
----------------------------------------------------------------
0 0031004070 MORTGAGORS: BOEZINGER WILLIAM
BOEZINGER CATHERINE
REGION CODE ADDRESS : 2045 GREENLEAF STREET
01 CITY : SANTA ANA
STATE/ZIP : CA 92706
MORTGAGE AMOUNT : 242,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,728.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99629
----------------------------------------------------------------
0 0031004112 MORTGAGORS: TOLENTINO FREDERICK
POSIS JENNIE ROSE
REGION CODE ADDRESS : 13970 HUSTON STREET
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,850.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,698,900.00
P & I AMT: 12,230.62
UPB AMT: 1,697,248.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 204
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031004161 MORTGAGORS: COPE FOSTER
COPE MARGARET
REGION CODE ADDRESS : 25 TAMAL AVENUE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,823.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031004211 MORTGAGORS: DAVIS SEAN
DAVIS CONNIE
REGION CODE ADDRESS : 3 SOUTH TRONWOOD DRIVE
01 CITY : NORTH SALT LAKE CITY
STATE/ZIP : UT 84065
MORTGAGE AMOUNT : 336,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,080.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,497.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
0 0031004278 MORTGAGORS: MARTIN JAMES
MARTIN KAREN
REGION CODE ADDRESS : 4909 PASEO DE LAS TORTUGAS
01 CITY : TORRENCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,567.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,269.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.42100
----------------------------------------------------------------
0 0031004328 MORTGAGORS: KO YONG
KO MIYOUNG
REGION CODE ADDRESS : 10992 CLOVER HUNT COURT
01 CITY : RESTON
STATE/ZIP : VA 20194
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.02900
----------------------------------------------------------------
0 0031004757 MORTGAGORS: STREIT PAUL
VINIK EMILY
REGION CODE ADDRESS : 1646 VIA CAMPO VERDE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 441,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,080.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,124.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,649,900.00
P & I AMT: 11,848.69
UPB AMT: 1,648,334.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 205
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031004765 MORTGAGORS: ALMAZAN JERRY
ALMAZAN LORLINA
REGION CODE ADDRESS : 4576 CAMPOBELLO STREET
01 CITY : SAN PIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,769.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.89600
----------------------------------------------------------------
0 0031004773 MORTGAGORS: MAINES MICHAEL
MAINES SHARON
REGION CODE ADDRESS : 6872 EVENING HILL DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,762.51 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 : 72.97600
----------------------------------------------------------------
0 0031004922 MORTGAGORS: GRAHAM ALLEN
GRAHAM DIANE
REGION CODE ADDRESS : 236 LINCOLN AVENUE
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07856
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,662.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,181.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.96400
----------------------------------------------------------------
0 0031005044 MORTGAGORS: WHITE MITCHELL
WHITE JANELLE
REGION CODE ADDRESS : 11381 MORLA LANE
01 CITY : NOKESVILLE
STATE/ZIP : VA 20181
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,768.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,521.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031005051 MORTGAGORS: DUGEAN MATTHEW
DUGEAN AURORA
REGION CODE ADDRESS : 2212 MANHATTAN BEACH BLVD
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 221,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,347.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,606.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.37900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,650,500.00
P & I AMT: 11,714.27
UPB AMT: 1,649,311.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 206
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031005093 MORTGAGORS: STEADMAN DARRYL
STEADMAN JILL
REGION CODE ADDRESS : 23465 WINDCREST PLACE
01 CITY : (NEWHALL AREA)
STATE/ZIP : CA 91321
MORTGAGE AMOUNT : 218,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,539.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,548.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.44400
----------------------------------------------------------------
0 0031005127 MORTGAGORS: GAGNE H
GAGNE JUDITH
REGION CODE ADDRESS : 2919 MARY LANE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,818.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,979.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031005234 MORTGAGORS: CIGICH WILLIAM
CIGICH DIANE
REGION CODE ADDRESS : 1624 BERWICK PLACE
01 CITY : THOUSAND OAKS (WESTLAKE V
STATE/ZIP : CA 91361
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031005259 MORTGAGORS: GOLKAR FOROUGH
YAVARI SURENA
REGION CODE ADDRESS : 1515 JAMES AVENUE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,820.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.97900
----------------------------------------------------------------
0 0031005267 MORTGAGORS: BECK CHRISTOPHER
BECK MARGARET
REGION CODE ADDRESS : 4067 SKELTON CANYON CIRCLE
01 CITY : THOUSAND OAKS (WESTLAKE V
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 493,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 493,277.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,664.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,524,350.00
P & I AMT: 11,025.98
UPB AMT: 1,523,242.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 207
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031005275 MORTGAGORS: KENDALL MARTIN
LAIRD JEAN
REGION CODE ADDRESS : 114 CONSTITUTION WAY
01 CITY : BASKING RIDGE
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 233,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,247.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.73900
----------------------------------------------------------------
0 0031005283 MORTGAGORS: HOFFERT CRAIG
HOFFERT KAREN
REGION CODE ADDRESS : 1142 NEVADA AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 393,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,200.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,785.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031005291 MORTGAGORS: LINDER WILLIAM
LINDER DEBRA
REGION CODE ADDRESS : 143 BARKENTINE STREET
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 484,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,658.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,467.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031005317 MORTGAGORS: PAREDES TONJA
REGION CODE ADDRESS : 6071 FOOTHILL GLEN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,338.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 68.37016
----------------------------------------------------------------
0 0031005325 MORTGAGORS: MUNK JAMES
MUNK JUDITH
REGION CODE ADDRESS : 4907 VIA CUPERTINO
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,622,500.00
P & I AMT: 11,738.17
UPB AMT: 1,621,262.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 208
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031005358 MORTGAGORS: NELSON CLAY
NELSON PATRICIA
REGION CODE ADDRESS : 620 RAVENNA STREET
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 60.20900
----------------------------------------------------------------
0 0031005366 MORTGAGORS: PAYNE GARY
PAYNE MAUREEN
REGION CODE ADDRESS : 18 CALLE CABRILLO
01 CITY : FOOTHILL RANCH
STATE/ZIP : CA 92610
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031005374 MORTGAGORS: AHMED MUMTAZ
AHMED SHABINA
REGION CODE ADDRESS : 46597 PASEO PADRE PKWY
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,769.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,428.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 57.26400
----------------------------------------------------------------
0 0031005390 MORTGAGORS: PYLE RAYMOND
PYLE CORY
REGION CODE ADDRESS : 2504 CORMAN ROAD
01 CITY : LONGVIEW
STATE/ZIP : WA 98632
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,503.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031005424 MORTGAGORS: PAINE BARBARA
REGION CODE ADDRESS : 2660 TODOS SANTOS LANE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,768.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,531.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,381,950.00
P & I AMT: 10,049.02
UPB AMT: 1,380,481.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 209
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031005432 MORTGAGORS: KADOYA MICHAEL
KADOYA JUDITH
REGION CODE ADDRESS : 21125 EAST STOCKTON PASS ROAD
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,603.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031005440 MORTGAGORS: CHEN HOUM-SHUN
CHANG SHU-YI
REGION CODE ADDRESS : 5112 HARCUM LANE
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,810.78 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 : 86.76923
----------------------------------------------------------------
0 0031005507 MORTGAGORS: GARRETT BRIAN
GARRETT NANCY
REGION CODE ADDRESS : 2227 BANBURY PLACE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.88100
----------------------------------------------------------------
0 0031005556 MORTGAGORS: HOPKINS CURT
HOPKINS ANN
REGION CODE ADDRESS : 937 ARNOLD WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 255,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,660.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031005614 MORTGAGORS: DUCKETT CHRIS
DUCKETT JANIS
REGION CODE ADDRESS : 11495 LAKESHORE NORTH
01 CITY : AUBURN
STATE/ZIP : CA 95602
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,760.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,407,850.00
P & I AMT: 10,090.94
UPB AMT: 1,406,657.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 210
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031005622 MORTGAGORS: TRAMMELL KIRK
TRAMMELL JULIANNE
REGION CODE ADDRESS : 1289 MORNINGSIDE DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,823.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031005655 MORTGAGORS: HARRIS JAMES
HARRIS MARGERY
REGION CODE ADDRESS : 124 N SILVER SHOALS DRIVE
01 CITY : PISMO BEACH
STATE/ZIP : CA 93449
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,752.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.83100
----------------------------------------------------------------
0 0031005671 MORTGAGORS: USHMAN NEAL
REGION CODE ADDRESS : 1735 CRONER AVENUE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 359,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,239.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,544.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 47.30200
----------------------------------------------------------------
0 0031005705 MORTGAGORS: MACDONALD MICHAEL
HOOD SUZANNE
REGION CODE ADDRESS : 127 LAUREL LANE
01 CITY : BOULDER CREEK
STATE/ZIP : CA 95006
MORTGAGE AMOUNT : 218,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,092.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,544.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031005721 MORTGAGORS: FARMER STEPHEN
FARMER DIANNA
REGION CODE ADDRESS : 16606 MAVERICK LANE
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,753.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.39 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: 1,486,750.00
P & I AMT: 10,466.07
UPB AMT: 1,485,661.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 211
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031005754 MORTGAGORS: MILLER ROBERT
MILLER SUSAN
REGION CODE ADDRESS : 28382 MILLWOOD ROAD
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.45300
----------------------------------------------------------------
0 0031005762 MORTGAGORS: JOHNSON BRADLEY
JOHNSON SUSAN
REGION CODE ADDRESS : 10414 SPRUCE GROVE AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,745.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,491.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031005804 MORTGAGORS: NATION LARRY
NATION SUE
REGION CODE ADDRESS : 1315 OYSTER POINT DRIVE
01 CITY : SUGAR LAND
STATE/ZIP : TX 77478
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031005812 MORTGAGORS: SCHEUER STEVEN
SCHEUER RHONDA
REGION CODE ADDRESS : 255 6TH STREET
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 471,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,667.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,374.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.50000
----------------------------------------------------------------
0 0031005820 MORTGAGORS: STORMO RICHARD
STORMO CAROL
REGION CODE ADDRESS : 31513 SILVERTIDE DRIVE
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 313,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,133.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,192.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,692,600.00
P & I AMT: 12,016.56
UPB AMT: 1,691,334.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 212
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031005838 MORTGAGORS: TESHIMA MARK
TESHIMA TAMI
REGION CODE ADDRESS : 3150 VERDE VALLE LANE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.46100
----------------------------------------------------------------
0 0031005853 MORTGAGORS: MILLER JOHN
MILLER DEBORAH
REGION CODE ADDRESS : 7564 OLIVE DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,793.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.08200
----------------------------------------------------------------
0 0031005861 MORTGAGORS: HUFFMAN JOHN
HUFFMAN OLIVIA
REGION CODE ADDRESS : 7413 PIERCE STREET
01 CITY : VENTURA
STATE/ZIP : CA 93003
MORTGAGE AMOUNT : 269,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,409.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.91600
----------------------------------------------------------------
0 0031005952 MORTGAGORS: JOHNSON GLENN
JOHNSON LESLIE
REGION CODE ADDRESS : 1158 FAIR WEATHER CIRCLE
01 CITY : CONCORD
STATE/ZIP : CA 94518
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,062.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031005960 MORTGAGORS: KOH JEFF
KOH ANGELA
REGION CODE ADDRESS : 40934 CAMERO PLACE
01 CITY : FREMONT
STATE/ZIP : CA 94539
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.42857
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,303,000.00
P & I AMT: 9,330.93
UPB AMT: 1,301,909.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 213
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031006000 MORTGAGORS: SHORE BRUCE
SHORE RANDI
REGION CODE ADDRESS : 618 ESCONDIDO CIRCLE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,131.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031006026 MORTGAGORS: GRIFFIN ANTHONY JOHN
GRIFFIN ANN MARIE
REGION CODE ADDRESS : 2003 PROSPECT AVENUE
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 194,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 194,131.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,409.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031006034 MORTGAGORS: HAMILTON ARTHUR
HAMILTON JOYCE
REGION CODE ADDRESS : 200 N.SWALL DRIVE # 452
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 92011
MORTGAGE AMOUNT : 275,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,019.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,043.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.62857
----------------------------------------------------------------
0 0031006059 MORTGAGORS: CHAVEZ JOHN
CHAVEZ MARTHA
REGION CODE ADDRESS : 376 FIELDSTONE DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 207,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 206,921.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,520.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031006067 MORTGAGORS: MATHESON THOMAS
MATHESON VIVIAN
REGION CODE ADDRESS : 28131 CASCABEL
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 233,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,543.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.81 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: 1,158,000.00
P & I AMT: 8,418.61
UPB AMT: 1,156,747.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 214
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031006075 MORTGAGORS: HADLER KARL
BEUBY EDITH
REGION CODE ADDRESS : 509 SHELLY DRIVE
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 217,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,914.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,612.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031006083 MORTGAGORS: SNYDER JACK
SNYDER STEPHANIE
REGION CODE ADDRESS : 4035 ELLENITA AVENUE
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,780.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031006109 MORTGAGORS: CHAFFIN M
REGION CODE ADDRESS : 1037 SOLANO DRIVE
01 CITY : SOLANO BEACH
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,695.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,094.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.68852
----------------------------------------------------------------
0 0031006117 MORTGAGORS: PANG JOHN
VALLES REBECCA
REGION CODE ADDRESS : 166 BRIGHTON ROAD
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031006141 MORTGAGORS: ALLEN WILLIAM
ALLEN VIRGINIA
REGION CODE ADDRESS : 1730 FERNSIDE STREET
01 CITY : WOODSIDE
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,079.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,656.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.16600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,855,200.00
P & I AMT: 13,435.18
UPB AMT: 1,853,314.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 215
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031006166 MORTGAGORS: LIN MENG-SHAN
LIN POWHA
REGION CODE ADDRESS : 45198 ONONDAGA DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 53.19149
----------------------------------------------------------------
0 0031006182 MORTGAGORS: BERENSON GEORGE
BERENSON VIRGINIA
REGION CODE ADDRESS : 435 SOUTH LAURELTREE DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,699.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 74.62200
----------------------------------------------------------------
0 0031006190 MORTGAGORS: LEE JACK
LEE SERENA
REGION CODE ADDRESS : 225 ALEUT COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,703.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031006232 MORTGAGORS: BARD THOMAS
BARD KAREN
REGION CODE ADDRESS : 178 GERALD DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,618.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,238.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 55.18500
----------------------------------------------------------------
0 0031006265 MORTGAGORS: AZEVEDO MICHAEL
AZEVEDO PAMELA
REGION CODE ADDRESS : 5238 BELA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 362,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,749.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,626.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,577,250.00
P & I AMT: 11,586.15
UPB AMT: 1,575,599.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 216
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031006349 MORTGAGORS: CALTON FRANCIS
CALTON JO-ANNE
REGION CODE ADDRESS : 5735 OAK CREEK PLACE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,513.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.36200
----------------------------------------------------------------
0 0031006364 MORTGAGORS: HALLSTEN JEFFREY
HALLSTEN MICHELLE
REGION CODE ADDRESS : 3380 SIERRA OAKS DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 555,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 554,233.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,024.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.37500
----------------------------------------------------------------
0 0031006372 MORTGAGORS: SWANSON BRUCE
SWANSON ANDREA
REGION CODE ADDRESS : 2070 HIDDEN HOLLOW LANE
01 CITY : HENDERSON
STATE/ZIP : NV 89012
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031006414 MORTGAGORS: BAHRAMIPOUR FARSHID
BAHRAMIPOUR GUITA
REGION CODE ADDRESS : 10 REDWING PLACE
01 CITY : MORAGA
STATE/ZIP : CA 94556
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.79600
----------------------------------------------------------------
0 0031006547 MORTGAGORS: SCHOEN ROLF
REGION CODE ADDRESS : 775 HIGHPOINT DRIVE
01 CITY : VENTURA
STATE/ZIP : CA 93003
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,784.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.37800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,840,000.00
P & I AMT: 13,197.20
UPB AMT: 1,838,075.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 217
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031006620 MORTGAGORS: BUCHANAN TERRY
BUCHANAN DIANA
REGION CODE ADDRESS : 30642 HAFRA WAY
01 CITY : SILVERADO AREA
STATE/ZIP : CA 92676
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,314.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031006653 MORTGAGORS: SIMUNDZA RICHARD
SIMUNDZA LETITIA
REGION CODE ADDRESS : 701 MARVISTA AVENUE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,267.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,540.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
0 0031006661 MORTGAGORS: BOADA ROBERT
BOADA MARRA
REGION CODE ADDRESS : 1658 3RD STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 484,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 484,174.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,551.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 75.70300
----------------------------------------------------------------
0 0031006679 MORTGAGORS: STIER MARK
REGION CODE ADDRESS : 28341 LA BAJADA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 225,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,436.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031006869 MORTGAGORS: DUMONT THOMAS
REGION CODE ADDRESS : 5360 APPIAN WAY
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 380,360.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,077.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,659.53 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: 1,699,460.00
P & I AMT: 12,228.68
UPB AMT: 1,698,270.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 218
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031007909 MORTGAGORS: JACOB WILLIAM
JACOB WILMA
REGION CODE ADDRESS : 6120 STEPHENSON-LEVEY ROAD
01 CITY : FORT WORTH
STATE/ZIP : TX 76140
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,039.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031008642 MORTGAGORS: VARGAS RAFAEL
VARGAS JEANETTE
REGION CODE ADDRESS : 9 WYCKOFF PLACE
01 CITY : FRANKLIN PARK
STATE/ZIP : NJ 08823
MORTGAGE AMOUNT : 307,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,648.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,285.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
0 0031008881 MORTGAGORS: KEEVICAN MICHAEL
KEEVICAN LINDA
REGION CODE ADDRESS : 20 RANDALL STREET
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,817.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031008899 MORTGAGORS: TEJERA CARLOS
REGION CODE ADDRESS : 514 NW 8TH AVENUE
01 CITY : HOMESTEAD
STATE/ZIP : FL 33030
MORTGAGE AMOUNT : 52,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 52,740.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 420.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031008915 MORTGAGORS: IRARRAZABAL SERGIO
IRARRAZABAL RUTH
REGION CODE ADDRESS : 12811 SW 43RD DRIVE #218
01 CITY : MIAMI
STATE/ZIP : FL 33175
MORTGAGE AMOUNT : 47,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 47,173.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 375.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 898,250.00
P & I AMT: 6,572.03
UPB AMT: 897,420.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 219
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031008923 MORTGAGORS: FLESZAR LAWRENCE
FLESZAR GAIL
REGION CODE ADDRESS : 400 NEVIS COURT
01 CITY : HOLLY SPRINGS
STATE/ZIP : NC 27540
MORTGAGE AMOUNT : 121,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 121,252.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 933.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.17000
----------------------------------------------------------------
0 0031008931 MORTGAGORS: CAVALLARO DENNIS
CAVALLARO BONNIE
REGION CODE ADDRESS : 8350 MACKWOOD DRIVE
01 CITY : MENTOR
STATE/ZIP : OH 44060
MORTGAGE AMOUNT : 186,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 185,773.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,430.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 93.93900
----------------------------------------------------------------
0 0031008949 MORTGAGORS: RAMOS ENY
RAMOS JOSE
REGION CODE ADDRESS : 22191 SANDS POINT DRIVE
01 CITY : BOCA RATON
STATE/ZIP : FL 33433
MORTGAGE AMOUNT : 125,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 125,447.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 965.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031008956 MORTGAGORS: YAZBEK RITA
REGION CODE ADDRESS : 19921 NE 22ND AVENUE
01 CITY : N MIAMI BEACH
STATE/ZIP : FL 33180
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,741.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 89.60000
----------------------------------------------------------------
0 0031008972 MORTGAGORS: BALBOA MIGUEL
BALBOA ANN
REGION CODE ADDRESS : 519 MAGNOLIA AVENUE
01 CITY : S SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 236,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,381.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 893,700.00
P & I AMT: 6,828.43
UPB AMT: 892,596.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 220
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031008980 MORTGAGORS: CARACAPPA JAMES
CARACAPPA CARMELA
REGION CODE ADDRESS : 21 WOODHOLLOW ROAD
01 CITY : COLTS NECK
STATE/ZIP : NJ 07722
MORTGAGE AMOUNT : 245,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,744.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031009046 MORTGAGORS: HIMES RENNE
REGION CODE ADDRESS : 6532 WOOSTER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90056
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,294.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031009061 MORTGAGORS: MENDOZA ENRIQUE
MENDOZA MARY
REGION CODE ADDRESS : 807 STANFORD AVENUE
01 CITY : SOUTH LAKE TAHOE
STATE/ZIP : CA 96150
MORTGAGE AMOUNT : 60,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 59,927.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 461.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 42.25352
----------------------------------------------------------------
0 0031009111 MORTGAGORS: CHESLOCK REBERT
CHESLOCK ANN
REGION CODE ADDRESS : 1315 INDIAN HILL ROAD
01 CITY : DOVER
STATE/ZIP : NJ 08755
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,657.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031009152 MORTGAGORS: SERGHIS ARGIRIS
SERGHIS ANDREA
REGION CODE ADDRESS : 203 SHORE DRIVE
01 CITY : HIGHLANDS
STATE/ZIP : NJ 07732
MORTGAGE AMOUNT : 93,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 92,895.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 739.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 996,250.00
P & I AMT: 7,529.01
UPB AMT: 994,518.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 221
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031009178 MORTGAGORS: GONI ALBERTO
REGION CODE ADDRESS : 100 JEFFERSON AVENUE #1820
01 CITY : MIAMI BEACH
STATE/ZIP : FL 33130
MORTGAGE AMOUNT : 148,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,820.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,137.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031009186 MORTGAGORS: HONG EDWARD
HONG KYUNG
REGION CODE ADDRESS : 6628 FOXBERRY ROAD
01 CITY : FAYETTEVILLE
STATE/ZIP : NC 28314
MORTGAGE AMOUNT : 115,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,559.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 889.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.27300
----------------------------------------------------------------
0 0031009194 MORTGAGORS: MC MURRAY HARRY
MC MURRAY KRISTIN
REGION CODE ADDRESS : 1413 SANTA PAULA DRIVE
01 CITY : MODESTO
STATE/ZIP : CA 95355
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,679.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,029.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031009202 MORTGAGORS: CHERIPKO DARRELL
CHERIPKO REBECCA
REGION CODE ADDRESS : 14721 SPRINGFIELD ROAD
01 CITY : DARNESTOWN
STATE/ZIP : MD 20874
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 : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031009210 MORTGAGORS: RAMSEY MARK
RAMSEY ANNA
REGION CODE ADDRESS : 4706 MILL VIEW COURT
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 277,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,004.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.90 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: 1,148,900.00
P & I AMT: 8,478.26
UPB AMT: 1,147,563.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 222
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031009228 MORTGAGORS: LEWIS CHARLES
MENSER-LEWIS LINDA
REGION CODE ADDRESS : 953 EMBARCADERO ROAD
01 CITY : PALA ALTO
STATE/ZIP : CA 94303
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.97260
----------------------------------------------------------------
0 0031009236 MORTGAGORS: PETERS BERT
KATZ-PETERS SUZANNE
REGION CODE ADDRESS : 1447 PATIO DRIVE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 258,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,576.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031009244 MORTGAGORS: JOHSNON GREGORY
JOHNSON GAYLE
REGION CODE ADDRESS : 614 HARBOR COLONY COURT
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.55555
----------------------------------------------------------------
0 0031009509 MORTGAGORS: WEITZENKAMP SCOTT
MASON STEPHANIE
REGION CODE ADDRESS : 1234 COLLINS LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 377,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,953.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,800.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031009756 MORTGAGORS: KRUEGER GRACE
REGION CODE ADDRESS : 17222 SANDLEWOOD WAY
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 237,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,046.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,493,300.00
P & I AMT: 10,917.42
UPB AMT: 1,492,136.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 223
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031009822 MORTGAGORS: KRUVANT FREDRIC
KRUVANT FELICIA
REGION CODE ADDRESS : 4 THAMES DRIVE
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 28.57100
----------------------------------------------------------------
0 0031009855 MORTGAGORS: NESBIT THOMAS
NESBIT CHERYLE
REGION CODE ADDRESS : 5318 188TH PLACE NE
01 CITY : REDMOND
STATE/ZIP : WA 98053
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 : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 48.54800
----------------------------------------------------------------
0 0031009863 MORTGAGORS: CHRISTY EDWARD
MASLANIK KAREN
REGION CODE ADDRESS : 149 PINON RIDGE
01 CITY : CEDAR CREST
STATE/ZIP : NM 87008
MORTGAGE AMOUNT : 249,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,214.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99400
----------------------------------------------------------------
0 0031009889 MORTGAGORS: BATES JACK
CALDWELL-BATES CHRISTY
REGION CODE ADDRESS : 1505 PINNACLE VIEW NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87112
MORTGAGE AMOUNT : 289,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,339.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031009897 MORTGAGORS: PASKIEWICZ WILLIAM
PASKIEWICZ PATRICIA
REGION CODE ADDRESS : 22 ALBION ROAD
01 CITY : BILLERICA
STATE/ZIP : MA 01821
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,759.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,312,550.00
P & I AMT: 9,358.48
UPB AMT: 1,310,941.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 224
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031009905 MORTGAGORS: BENNINK GREG
BENNINK TRACE
REGION CODE ADDRESS : 14210 SW 150TH AVENUE
01 CITY : TIGARD
STATE/ZIP : OR 97224
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,452.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,573.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.83700
----------------------------------------------------------------
0 0031009921 MORTGAGORS: BURACK HARRY
BURACK SUSAN
REGION CODE ADDRESS : 14315 WAINRIDGE DRIVE
01 CITY : CHESTERFIELD
STATE/ZIP : MO 63017
MORTGAGE AMOUNT : 397,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,937.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,847.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031009939 MORTGAGORS: MARTIN CHARLES
MARTIN DIANA
REGION CODE ADDRESS : 7001 DUNCRAIG COURT
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 360,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,276.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,553.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031009988 MORTGAGORS: OCAMPO EDWARD
OCAMPO ABIGAIL
REGION CODE ADDRESS : 3879 BOULDER CANYON DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 295,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,680.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,068.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031010028 MORTGAGORS: WADSWORTH SCOTT
WADSWORTH SACHI
REGION CODE ADDRESS : 9629 STAMPS AVENUE
01 CITY : DOWNEY
STATE/ZIP : CA 90240
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,827.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.64700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,686,200.00
P & I AMT: 12,003.74
UPB AMT: 1,684,172.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 225
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031010069 MORTGAGORS: CHOVANCE RONALD
CHOVANCE SONIA
REGION CODE ADDRESS : 1571 PALISADES DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,757.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,457.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.97872
----------------------------------------------------------------
0 0031010085 MORTGAGORS: HOOLEY JERRY
HOOLEY DIANNE
REGION CODE ADDRESS : 1014 HACIENDA DRIVE
01 CITY : SIMI VALLEY AREA
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,844.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,638.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.29800
----------------------------------------------------------------
0 0031010093 MORTGAGORS: RODOLITZ LYNDA
REGION CODE ADDRESS : 229 CAMINO DEL NOTRE
01 CITY : SANTE FE
STATE/ZIP : NM 87501
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,192.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,422.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031010101 MORTGAGORS: ROUW SCOTT
SOLGANIK MILANA
REGION CODE ADDRESS : 5181 ROSE WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 263,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,322.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 78.65671
----------------------------------------------------------------
0 0031010119 MORTGAGORS: SWIFT LAWRENCE
SWIFT CAROLINE
REGION CODE ADDRESS : 24322 BELLERIVE CIRCLE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,164.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,470,000.00
P & I AMT: 10,813.81
UPB AMT: 1,468,281.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 226
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031010242 MORTGAGORS: JOSEPH DAVID
KOIRE GRETCHEN
REGION CODE ADDRESS : 7401 FRANKLIN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 347,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,560.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,521.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 55.20600
----------------------------------------------------------------
0 0031010259 MORTGAGORS: TERNULLO FRANK
TERNULLO CAROL
REGION CODE ADDRESS : 1424 QUAIL COURT
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 217,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,854.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 54.25000
----------------------------------------------------------------
0 0031010341 MORTGAGORS: SCHREIBER RODD
SCHREIBER GAY
REGION CODE ADDRESS : 2462 NORTH BURLING STREET
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 625,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 624,333.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,477.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.56756
----------------------------------------------------------------
0 0031010382 MORTGAGORS: ROSE BRIAN
ROSE JULIE
REGION CODE ADDRESS : 4315 52ND AVENUE NE
01 CITY : SEATTLE
STATE/ZIP : WA 98105
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.25000
----------------------------------------------------------------
0 0031010390 MORTGAGORS: WIDLY JOHN
MARKOS MARK
REGION CODE ADDRESS : 12574 VISTA PANORAMA
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.52700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,854,800.00
P & I AMT: 13,355.78
UPB AMT: 1,853,279.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 227
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031010408 MORTGAGORS: FOTO JOHN
FOTO LISA
REGION CODE ADDRESS : 28295 DRIZA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031010416 MORTGAGORS: ZINN GUY
ZINN RONYE
REGION CODE ADDRESS : 17292 GOLDEN WEST STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031010424 MORTGAGORS: SUH YOUNG
SUH KUN
REGION CODE ADDRESS : 3034 EARLMAR DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 459,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,575.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,294.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031010432 MORTGAGORS: MULLIGAN JOSEPH
MULLIGAN MARIE-LOUISE
REGION CODE ADDRESS : 809 DUNCAN PLACE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 454,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,062.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,177.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031010440 MORTGAGORS: PINKSTON STEVEN
PINKSTON NANCY
REGION CODE ADDRESS : 3818 CORY AVENUE
01 CITY : ACTON
STATE/ZIP : CA 93510
MORTGAGE AMOUNT : 146,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 146,304.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,087.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,594,200.00
P & I AMT: 11,404.30
UPB AMT: 1,593,070.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 228
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031010473 MORTGAGORS: MAYS WARREN
MAYS JANE
REGION CODE ADDRESS : 11505 ORALANE DRIVE
01 CITY : EL CAJON
STATE/ZIP : CA 92020
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,842.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,597.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.15094
----------------------------------------------------------------
0 0031010481 MORTGAGORS: GRAY JAMES
GRAY DONNA
REGION CODE ADDRESS : 18022 WESTLAKE CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,822.67 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 : 79.03225
----------------------------------------------------------------
0 0031010507 MORTGAGORS: PHANASGAONKAR HEMANT
PHANASGAONKAR MANISHA
REGION CODE ADDRESS : 16 WEDGEWOOD
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 233,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,035.40 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 : 79.98200
----------------------------------------------------------------
0 0031010515 MORTGAGORS: UYTHOVEN GREGORY
UYTHOVEN DEENA
REGION CODE ADDRESS : 23212 WEST SAVORY PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 274,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,419.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99040
----------------------------------------------------------------
0 0031010556 MORTGAGORS: OLSON JONATHAN
OLSON JENNIFER
REGION CODE ADDRESS : 92 MISSISSIPPI RIVER BLVD N
01 CITY : ST. PAUL
STATE/ZIP : MN 55104
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,426.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,901.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.63600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,381,100.00
P & I AMT: 9,897.07
UPB AMT: 1,379,546.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 229
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031010564 MORTGAGORS: HABIB FAKHER
HABIB ZINA
REGION CODE ADDRESS : 19551 VICTORIAN DRIVE
01 CITY : MOKENA
STATE/ZIP : IL 60448
MORTGAGE AMOUNT : 220,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,648.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,600.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031010572 MORTGAGORS: ANTOSZYK JAMES
WALLISCH SHELLEY
REGION CODE ADDRESS : 3024 WAMATH DR
01 CITY : CHARLOTTE
STATE/ZIP : NC 28210
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,669.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031010580 MORTGAGORS: KLEBER JOHN
KLEBER DIANNE
REGION CODE ADDRESS : 19717 FIONA AVE
01 CITY : MOKENA
STATE/ZIP : IL 60448
MORTGAGE AMOUNT : 226,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,340.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.96800
----------------------------------------------------------------
0 0031010614 MORTGAGORS: KESHAV RAMNAGAR
KESHAV JOY
REGION CODE ADDRESS : 12203 WINDSOR HALL WAY
01 CITY : HERNDON
STATE/ZIP : VA 20170
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,760.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031010622 MORTGAGORS: CHRISTIAN TIMOTHY
CHRISTIAN ROSE
REGION CODE ADDRESS : 2837 STONEGATE COURT SW
01 CITY : ROCHESTER
STATE/ZIP : MN 55902
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 : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,283,300.00
P & I AMT: 9,148.82
UPB AMT: 1,282,048.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 230
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031010655 MORTGAGORS: KERBER WILLIAM
KERBER BONNIE
REGION CODE ADDRESS : 4309 SW EAGLE POINT RD
01 CITY : TOPEKA
STATE/ZIP : KS 66610
MORTGAGE AMOUNT : 275,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,195.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031010671 MORTGAGORS: WILLIAMS WALTER
WILLIAMS JEANNETTE
REGION CODE ADDRESS : 5910 HIGH MEADOW DRIVE
01 CITY : WOODBINE
STATE/ZIP : MD 21797
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,824.11 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 : 79.00000
----------------------------------------------------------------
0 0031010713 MORTGAGORS: HERMAN DALE
HERMAN PATRICIA
REGION CODE ADDRESS : 612 57TH STREET
01 CITY : DOWNERS GROVE
STATE/ZIP : IL 60516
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,829.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.94100
----------------------------------------------------------------
0 0031010721 MORTGAGORS: PEPE NICHOLAS
PEPE DEBRA
REGION CODE ADDRESS : 917 OCEAN FRONT
01 CITY : SHIP BOTTOM
STATE/ZIP : NJ 08008
MORTGAGE AMOUNT : 293,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,397.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.26300
----------------------------------------------------------------
0 0031010739 MORTGAGORS: KUIDA ELLIOT
KUIDA SHANNON
REGION CODE ADDRESS : 3197 SANDOWN PARK ROAD
01 CITY : KESWICK
STATE/ZIP : VA 22947
MORTGAGE AMOUNT : 278,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,395.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,973.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.43000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,332,800.00
P & I AMT: 9,483.10
UPB AMT: 1,331,642.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 231
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031010747 MORTGAGORS: CRITER GARY
WELSH SANDRA
REGION CODE ADDRESS : 3891 SWANSON SHORE DRIVE
01 CITY : ELY
STATE/ZIP : MN 55731
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,589.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.61900
----------------------------------------------------------------
0 0031010754 MORTGAGORS: WALTON DIANE
REGION CODE ADDRESS : 7278 SECREST COURT
01 CITY : ARVADA
STATE/ZIP : CO 80007
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,933.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031010770 MORTGAGORS: STUTES LARRY
STUTES CAROL
REGION CODE ADDRESS : 841 PRESERVE TERRACE
01 CITY : HEATHROW
STATE/ZIP : FL 32746
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,158.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031010788 MORTGAGORS: MCDONALD WILLIAM
MCDONALD MICHELLE
REGION CODE ADDRESS : 2S454 DERPATH ROAD
01 CITY : BATAVIA
STATE/ZIP : IL 60510
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,263.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031010804 MORTGAGORS: MCCANN JAMES
MCCANN REBBECCA
REGION CODE ADDRESS : 410 CROSS STREET
01 CITY : CARLISLE
STATE/ZIP : MA 01741
MORTGAGE AMOUNT : 487,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,276.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,537.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,300.00
P & I AMT: 10,872.11
UPB AMT: 1,499,221.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 232
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031010846 MORTGAGORS: PAQUIN JOSEPH
PAQUIN BETSY
REGION CODE ADDRESS : 9258 LAWNDALE AVENUE
01 CITY : EVANSTON
STATE/ZIP : IL 60203
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031010895 MORTGAGORS: HILTON DAN
HILTON SHARON
REGION CODE ADDRESS : 2014 ALISO
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,002.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,082.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031010903 MORTGAGORS: LINDH GREGORY
LINDH GERALYN
REGION CODE ADDRESS : 4669 ELMHURST DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,836.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.23000
----------------------------------------------------------------
0 0031010911 MORTGAGORS: BRUGNATELLI LAWRENCE
BRUGNATELLI ADRIENNE
REGION CODE ADDRESS : 2671 BAYPORT DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,814.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.02564
----------------------------------------------------------------
0 0031010952 MORTGAGORS: BILSKY HOWARD
REGION CODE ADDRESS : 292 VALLEY GATE ROAD
01 CITY : SIMI VALEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 251,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,335.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.38400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,387,300.00
P & I AMT: 10,097.94
UPB AMT: 1,386,352.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 233
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031011018 MORTGAGORS: SUNDQUIST BRUCE
SUNDQUIST CHRISTINE
REGION CODE ADDRESS : 69 SOUTH MAIN STREET
01 CITY : CRANBURY
STATE/ZIP : NJ 08512
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,459.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.24200
----------------------------------------------------------------
0 0031011026 MORTGAGORS: RESCH WALTER
RESCH CATHARINE
REGION CODE ADDRESS : 1802 RAMSEY COURT
01 CITY : PARKER
STATE/ZIP : TX 75094
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,645.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031011042 MORTGAGORS: WHITTAKER R.
WHITTAKER CAROLYN
REGION CODE ADDRESS : 1747 CRESCENT KNOLLS GLEN
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 239,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,340.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031011067 MORTGAGORS: SMITH THOMAS
SMITH FAITH
REGION CODE ADDRESS : 11 HUNTERS PATH
01 CITY : MONTGOMERY TWP.
STATE/ZIP : NJ 08558
MORTGAGE AMOUNT : 479,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,476.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,601.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 84.99600
----------------------------------------------------------------
0 0031011117 MORTGAGORS: GENGE W.
GENGE MARGARET
REGION CODE ADDRESS : 12312 BEALL SPRING ROAD
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,693.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,407.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.32400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,693,300.00
P & I AMT: 12,361.07
UPB AMT: 1,689,615.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 234
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031011133 MORTGAGORS: WILLIAMSON JEFFREY
WILLIAMSON LAURA
REGION CODE ADDRESS : 2705 SOUTH SHORE BLVD
01 CITY : LAKE OSWEGO
STATE/ZIP : OR 97034
MORTGAGE AMOUNT : 496,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,658.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,596.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031011141 MORTGAGORS: HANLON PETER
HANLON BETH
REGION CODE ADDRESS : 1345 SOUTH AMBASSADOR WAY
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84108
MORTGAGE AMOUNT : 318,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,269.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,254.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.30500
----------------------------------------------------------------
0 0031011158 MORTGAGORS: CUNNINGHAM ROBERT
CUNNINGHAM KATHY
REGION CODE ADDRESS : 2662 WEST 118TH AVENUE
01 CITY : WESTMINSTER
STATE/ZIP : CO 80234
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,671.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031011166 MORTGAGORS: SAYYUR LUTFI
REGION CODE ADDRESS : 2126 DULANEY VALLEY ROAD
01 CITY : TIMONIUM
STATE/ZIP : MD 21093
MORTGAGE AMOUNT : 251,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,761.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031011208 MORTGAGORS: LEDENBACH DONN
LEDENBACH LORALYN
REGION CODE ADDRESS : 7929 LOWELL AVENUE
01 CITY : SKOKIE
STATE/ZIP : IL 60076
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,843.66 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 : 89.96100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,542,700.00
P & I AMT: 11,150.35
UPB AMT: 1,541,204.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 235
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031011216 MORTGAGORS: KELLY ANDREW
KELLY SUSAN
REGION CODE ADDRESS : 7790 VIDA
01 CITY : LAKEWOOD
STATE/ZIP : IL 60014
MORTGAGE AMOUNT : 295,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,241.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,116.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031011224 MORTGAGORS: WULFF PETER
WULFF LINDA
REGION CODE ADDRESS : 11530 EASTRIDGE PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 289,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,395.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,074.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031011240 MORTGAGORS: BELL IAN
REGION CODE ADDRESS : 164 BUOY STREET
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,474.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 87.94000
----------------------------------------------------------------
0 0031011257 MORTGAGORS: CHOCONO JAVIER
CHOCONO MILAGROS
REGION CODE ADDRESS : 3374 MOUNTAIN TRAIL AVENUE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 404,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,418.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,006.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.03200
----------------------------------------------------------------
0 0031011273 MORTGAGORS: CHIU ANDREW
CHIU MARIA
REGION CODE ADDRESS : 233 S HUMBOLDT STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94401
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.96700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,447,000.00
P & I AMT: 10,513.24
UPB AMT: 1,445,374.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 236
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031011281 MORTGAGORS: MALONE WILLIAM
MALONE DANA
REGION CODE ADDRESS : 127 LOST CREEK DRIVE
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,658.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.83400
----------------------------------------------------------------
0 0031011299 MORTGAGORS: KIMURA LOREN
KIMURA BELINDA
REGION CODE ADDRESS : 6 PASEO LINARES
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 770,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 769,449.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,764.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
0 0031011307 MORTGAGORS: BOYER JAMES
BOYER LAURA
REGION CODE ADDRESS : 32 SORRENTO COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 412,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,515.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031011513 MORTGAGORS: CHRISTOPHER DIANE
REGION CODE ADDRESS : 10630 HILLSIDE LANE
01 CITY : CARMEL
STATE/ZIP : CA 93923
MORTGAGE AMOUNT : 392,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,615.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,780.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031011521 MORTGAGORS: SILVEIRA LARRY
SILVEIRA MARGARET
REGION CODE ADDRESS : 700 ENDSLEIGH COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,320.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 61.97600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,077,200.00
P & I AMT: 15,155.16
UPB AMT: 2,075,560.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 237
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031011539 MORTGAGORS: SIMON NORMAN
SIMON SHELLEY
REGION CODE ADDRESS : 6223 EAST 5TH STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,317.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031011562 MORTGAGORS: JONCICH MATHEW
REGION CODE ADDRESS : 746 WEST 22ND STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90731
MORTGAGE AMOUNT : 327,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,256.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,289.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.46800
----------------------------------------------------------------
0 0031011570 MORTGAGORS: DONOVAN ROBERT
DONOVAN KATIE
REGION CODE ADDRESS : 16421 RANCHO ESCONDIDO DRIVE
01 CITY : RIVERSIDE AREA
STATE/ZIP : CA 92506
MORTGAGE AMOUNT : 219,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,856.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,626.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 76.30600
----------------------------------------------------------------
0 0031011588 MORTGAGORS: TAJIMA RONALD
TAJIMA JOANNE
REGION CODE ADDRESS : 11091 MINDORA STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 219,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,456.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.44000
----------------------------------------------------------------
0 0031011604 MORTGAGORS: WACHBRIT MICHAEL
WACHBRIT JILL
REGION CODE ADDRESS : 11124 VIKING AVENUE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,839.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 85.96400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,276,600.00
P & I AMT: 9,290.70
UPB AMT: 1,275,727.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 238
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031011687 MORTGAGORS: PARK NEAL
PARK DONG
REGION CODE ADDRESS : 11162 BAY LAUREL STREET
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 361,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,951.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,618.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031011695 MORTGAGORS: CHANG FONG
CHANG SHU
REGION CODE ADDRESS : 16821 CORCEL COURT
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,593.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 52.25806
----------------------------------------------------------------
0 0031011711 MORTGAGORS: RODBELL ALAN
RODBELL DEBRA
REGION CODE ADDRESS : 7816 MEADOWVALE TERRACE
01 CITY : LAYTONSVILLE
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 375,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,835.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,687.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.94200
----------------------------------------------------------------
0 0031011745 MORTGAGORS: GORE WAYMAN
GORE LAURA
REGION CODE ADDRESS : 4517 EAGLE FEATHER DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78735
MORTGAGE AMOUNT : 294,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,482.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,112.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031011752 MORTGAGORS: COOK PAUL
COOK ROBIN
REGION CODE ADDRESS : 116 RIDGE CREST DRIVE
01 CITY : CHESTERFIELD
STATE/ZIP : MO 63017
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,627.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,530,700.00
P & I AMT: 11,062.94
UPB AMT: 1,528,490.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 239
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031011760 MORTGAGORS: MARKSON JOHN
MARKSON LAURA
REGION CODE ADDRESS : 10297 EAST LAKE DRIVE
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 336,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,835.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,438.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031011802 MORTGAGORS: EILERS LEE
EILERS KIMBERLY
REGION CODE ADDRESS : 897 CHELSEA COURT
01 CITY : HOLLAND
STATE/ZIP : MI 49423
MORTGAGE AMOUNT : 257,352.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,005.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,888.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031011844 MORTGAGORS: MARTIN STEPHEN
MARTIN KIMBERLY
REGION CODE ADDRESS : 66 LESCHI DRIVE
01 CITY : STEILASOOM
STATE/ZIP : WA 98388
MORTGAGE AMOUNT : 297,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,200.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.83100
----------------------------------------------------------------
0 0031011851 MORTGAGORS: MILLS JONATHAN
REGION CODE ADDRESS : 8932 HOLLYWOOD HILLS ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.38000
----------------------------------------------------------------
0 0031011869 MORTGAGORS: PRICHARD DENNIS
PRICHARD KATHLEEN
REGION CODE ADDRESS : 21127 CELTIC STREET
01 CITY : CHATSWORTH AREA, LOS ANGE
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,847.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 73.22580
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,378,052.00
P & I AMT: 10,035.72
UPB AMT: 1,376,705.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 240
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031011877 MORTGAGORS: OLSEN JAMES
BERGER STACY
REGION CODE ADDRESS : 5760 HECKER PASS
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,309.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,078.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 70.87500
----------------------------------------------------------------
0 0031012107 MORTGAGORS: CUTCLIFFE JOSEPH
CUTCLIFFE SHARON
REGION CODE ADDRESS : 2100 PASEO DEL MAR
01 CITY : PALAS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 516,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 516,352.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,787.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 43.05800
----------------------------------------------------------------
0 0031012495 MORTGAGORS: KEMALYAN NATHAN
REGION CODE ADDRESS : 0423 SW NEVADA STREET
01 CITY : PORTLAND
STATE/ZIP : OR 97219
MORTGAGE AMOUNT : 234,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,575.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031012529 MORTGAGORS: STENSON MICHAEL
STENSON KATHLEEN
REGION CODE ADDRESS : 2010 ASHRIDGE WAY
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 260,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,099.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.49200
----------------------------------------------------------------
0 0031012602 MORTGAGORS: KELLER MICHAEL
KELLER PAULA
REGION CODE ADDRESS : 901 SOUTHRIDGE TERRACE
01 CITY : NORTHFIELD
STATE/ZIP : IL 60093
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 31.64500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,545,400.00
P & I AMT: 11,231.18
UPB AMT: 1,544,165.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 241
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031012669 MORTGAGORS: IKEGAMI MIKE
IKEGAMI NANCY
REGION CODE ADDRESS : 22616 FERN AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 333,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,952.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,329.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031012677 MORTGAGORS: ALI RAFATH
ALI YASMEEN
REGION CODE ADDRESS : 1125 FRANCISCO STREET #8
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94109
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,400.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,183.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031012685 MORTGAGORS: CALDWELL KENNETH
CALDWELL TERESA
REGION CODE ADDRESS : 845 LAGUNA ROAD
01 CITY : PASADENA
STATE/ZIP : CA 91105
MORTGAGE AMOUNT : 544,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 543,644.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,039.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031012693 MORTGAGORS: BARRY JOHN
BARRY SANDI
REGION CODE ADDRESS : 6102 ANACAPA DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 136,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 135,906.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 986.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031012727 MORTGAGORS: SATHER MICAHEL
SATHER RONNA
REGION CODE ADDRESS : 1813 23RD STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,774.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,630,800.00
P & I AMT: 11,831.27
UPB AMT: 1,629,677.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 242
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031012743 MORTGAGORS: MASON JOHN
MASON CLAUDETTE
REGION CODE ADDRESS : 4 ALDAHEIN CIRCLE
01 CITY : E BRUNSWICK
STATE/ZIP : NJ 08816
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,633.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.07 OUTSIDE CONV DATE :
LIFETIME RATE : 9.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 9.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031012750 MORTGAGORS: PATERSON WILLIAM
PATERSON MARINA
REGION CODE ADDRESS : 28 BROWN COURT
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 357,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,887.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,810.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 75.06300
----------------------------------------------------------------
0 0031012768 MORTGAGORS: MORRISON STACEY
REGION CODE ADDRESS : 22 WILLOW COURT SOUTH
01 CITY : HOBOKEN
STATE/ZIP : NJ 07030
MORTGAGE AMOUNT : 112,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 112,441.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 925.51 OUTSIDE CONV DATE :
LIFETIME RATE : 9.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 9.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031012776 MORTGAGORS: LONG TOMMY
REGION CODE ADDRESS : RT 1 BOX 402D, HWY 66
01 CITY : KING
STATE/ZIP : NC 27021
MORTGAGE AMOUNT : 80,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 80,414.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 654.97 OUTSIDE CONV DATE :
LIFETIME RATE : 9.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 9.12500 PRODUCT CODE : 002
LTV : 61.92300
----------------------------------------------------------------
0 0031012784 MORTGAGORS: EASTON PATRICK
EASTON MASAKO
REGION CODE ADDRESS : 2806 GLENDOWER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 581,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 580,665.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,570.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,365,300.00
P & I AMT: 10,887.16
UPB AMT: 1,364,042.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 243
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031012792 MORTGAGORS: CORSI DAVID
CORSI LUCILLE
REGION CODE ADDRESS : 845 BROWN COURT
01 CITY : DOVER TOWNSHIP
STATE/ZIP : NJ 08753
MORTGAGE AMOUNT : 166,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 166,235.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,399.18 OUTSIDE CONV DATE :
LIFETIME RATE : 9.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 9.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031012818 MORTGAGORS: FLOREZ FREDA
REGION CODE ADDRESS : 9645 DANIEL DRIVE
01 CITY : NEW PORT RICHEY
STATE/ZIP : FL 34654
MORTGAGE AMOUNT : 187,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 187,392.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,475.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031013048 MORTGAGORS: LEE LEO
YANG BILING
REGION CODE ADDRESS : 16527 MIRA FLORES COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 250,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,627.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.71428
----------------------------------------------------------------
0 0031013055 MORTGAGORS: VALDEZ ARTHUR
VALDEZ ELIZABETH
REGION CODE ADDRESS : 332 SAN ANTONIO STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94401
MORTGAGE AMOUNT : 234,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,484.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031013089 MORTGAGORS: SCHEMM KEITH
SCHEMM YVETTE
REGION CODE ADDRESS : 1184 SPAICH DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 307,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,388.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.35555
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,146,950.00
P & I AMT: 8,604.09
UPB AMT: 1,146,127.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 244
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031013097 MORTGAGORS: SOJKA JOHN
SOJKA JENNIFER
REGION CODE ADDRESS : 1812 SIERRA MADRE VILLA AVENUE
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 262,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,096.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.16883
----------------------------------------------------------------
0 0031013113 MORTGAGORS: DILEVA MARIE
GAMBINO BERNADETTE
REGION CODE ADDRESS : 1832 VELEZ DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,832.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.14814
----------------------------------------------------------------
0 0031013139 MORTGAGORS: LEVI MICHAEL
ROE NATALIE
REGION CODE ADDRESS : 21 BOWLING DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,517.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.82320
----------------------------------------------------------------
0 0031013147 MORTGAGORS: ROUGHAN JAMES
ROUGHAN CLAUDIA
REGION CODE ADDRESS : 27672 GOLD DUST LANE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,798.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031013162 MORTGAGORS: WOLFE MICHAEL
WOLFE MARIE
REGION CODE ADDRESS : 2116 MAPLELEAF AVENUE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,824.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.82300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,718,450.00
P & I AMT: 12,366.90
UPB AMT: 1,717,069.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 245
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031013238 MORTGAGORS: SPILLANE ANDREW
SPILLANE HOLLY
REGION CODE ADDRESS : 2715 SILVER HAMMER WAY
01 CITY : BROOKEVILLE
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 234,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,734.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0031013295 MORTGAGORS: WOOD WALTER
GLOVER-WOOD BEVERLY
REGION CODE ADDRESS : 5602 MIDWOOD ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20814
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,712.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,712.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031013303 MORTGAGORS: MYERS CHARLES
MYERS SANDRA
REGION CODE ADDRESS : 2708 CLUB LAKE TRAIL
01 CITY : MCKINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 318,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,157.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,306.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.90800
----------------------------------------------------------------
0 0031013410 MORTGAGORS: ASVADI AMIN
REGION CODE ADDRESS : 8 ALMERIA
01 CITY : IRVINE
STATE/ZIP : CA 92614
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 : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031013436 MORTGAGORS: SCHEITERLEIN KEVIN
REGION CODE ADDRESS : 200 ENCHANTED WAY
01 CITY : EADS
STATE/ZIP : TN 38028
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,664.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,410.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.12100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,672,600.00
P & I AMT: 12,051.06
UPB AMT: 1,670,600.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 246
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031013501 MORTGAGORS: FAULKNER NORMAN
FAULKNER MICHELLE
REGION CODE ADDRESS : RT 637, BREEZY POINT ROAD
01 CITY : WHITE STONE
STATE/ZIP : VA 22578
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,768.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031013535 MORTGAGORS: FENNELL PERCY
FENNELL DALE
REGION CODE ADDRESS : 850 WEST BROOK ROAD
01 CITY : WEST MILFORD
STATE/ZIP : NJ 07480
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 484,698.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,686.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 70.80200
----------------------------------------------------------------
0 0031013626 MORTGAGORS: ARNOLD VANCE
ARNOLD DEBORAH
REGION CODE ADDRESS : 3113 MILTON STREET
01 CITY : UNIVERSITY PARK
STATE/ZIP : TX 75225
MORTGAGE AMOUNT : 415,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,363.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,013.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.92100
----------------------------------------------------------------
0 0031013857 MORTGAGORS: FU JUDY
REGION CODE ADDRESS : 4150-4152 FULTON STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94121
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.56500
----------------------------------------------------------------
0 0031014046 MORTGAGORS: BUSENHART DIETER
REGION CODE ADDRESS : 654 KING STREET
01 CITY : PORT CHESTER
STATE/ZIP : NY 10573
MORTGAGE AMOUNT : 299,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,121.26 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: 1,878,350.00
P & I AMT: 13,708.94
UPB AMT: 1,877,290.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 247
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031014996 MORTGAGORS: MCLAMB DARRYL
REGION CODE ADDRESS : 3403 BERRY GROVE DRIVE
01 CITY : SPRING
STATE/ZIP : TX 77388
MORTGAGE AMOUNT : 74,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 73,945.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 517.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031015167 MORTGAGORS: TALERICO JOHN
TALERICO JANE
REGION CODE ADDRESS : 224 LAUREL AVENUE
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,805.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 69.30200
----------------------------------------------------------------
0 0031015191 MORTGAGORS: MCLELLAN MERRILY
REGION CODE ADDRESS : 3467 OVERPARK ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,607.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031015233 MORTGAGORS: VEJSICKY SCOTT
REGION CODE ADDRESS : 2682 OAK KNOLL DRIVE
01 CITY : LOS ALAMITOS AREA
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 274,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,080.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.98300
----------------------------------------------------------------
0 0031015258 MORTGAGORS: BRACCIO PETER
BRACCIO RACHEL
REGION CODE ADDRESS : 9 CAMINO DE TRAVESIA
01 CITY : CARMEL VALLEY
STATE/ZIP : CA 93924
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,116.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,222,950.00
P & I AMT: 8,974.89
UPB AMT: 1,221,554.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 248
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031015274 MORTGAGORS: GRAEF RICHARD
GRAEF MARY
REGION CODE ADDRESS : 49 JUSTIN CIRCLE
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,622.99 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 0031015340 MORTGAGORS: WIKTOROWICZ JOHN
WIKTOROWICZ MICHELLE
REGION CODE ADDRESS : 6416 SAN ANSELMO WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95119
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031016504 MORTGAGORS: STARK STEVEN
STARK PATRICIA
REGION CODE ADDRESS : 9085 SW 182ND AVE
01 CITY : BEAVERTON
STATE/ZIP : OR 97007
MORTGAGE AMOUNT : 351,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,938.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,609.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031016561 MORTGAGORS: DURAN ANGEL
DURAN TANIA
REGION CODE ADDRESS : 1370 W. 79TH STREET
01 CITY : HIGLEAH
STATE/ZIP : FL 33014
MORTGAGE AMOUNT : 109,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 109,756.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,004.38 OUTSIDE CONV DATE :
LIFETIME RATE : 10.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 10.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031016579 MORTGAGORS: WARDEN KELLY
REGION CODE ADDRESS : 7159 MARIANA COURT
01 CITY : BOCA RATON
STATE/ZIP : FL 33433
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,402.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,522.56 OUTSIDE CONV DATE :
LIFETIME RATE : 9.50000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 9.50000 PRODUCT CODE : 002
LTV : 79.15500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,289,200.00
P & I AMT: 9,945.96
UPB AMT: 1,287,541.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 249
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031016660 MORTGAGORS: FITZGERALD JAMES
FITZGERALD JENNIFER
REGION CODE ADDRESS : 527 FRONT STREET
01 CITY : LOUISVILLE
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 251,270.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,502.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,909.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 91.37091
----------------------------------------------------------------
0 0031016686 MORTGAGORS: PAREDES ROLANDO
PAREDES SANDRA
REGION CODE ADDRESS : 310 MACALVEY DRIVE
01 CITY : MARTINEZ
STATE/ZIP : CA 94553
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031016785 MORTGAGORS: REXINGER KENNETH
REXINGER LISA
REGION CODE ADDRESS : 2516 CALLE JADE
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 389,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,318.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,757.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031016793 MORTGAGORS: GUTTMAN JEROME
GOLDNER AMY
REGION CODE ADDRESS : 319 VIA DE LA PAZ
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 535,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 534,602.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,740.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.25900
----------------------------------------------------------------
0 0031016801 MORTGAGORS: SHORE DAVID
SHORE SUSAN
REGION CODE ADDRESS : 1683 SKYRIDGE COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,523.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,759,870.00
P & I AMT: 12,541.70
UPB AMT: 1,757,762.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 250
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031016892 MORTGAGORS: NEUMAN ROBERT
REGION CODE ADDRESS : 28 ROCK FALLS CT
01 CITY : ROCKVILLE
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 236,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,997.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.21 OUTSIDE CONV DATE :
LIFETIME RATE : 9.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 9.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031016942 MORTGAGORS: BOOTH SCOTT
BOOTH CATHERINE
REGION CODE ADDRESS : 4241 PINE RIDGE DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,215.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,822.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031016967 MORTGAGORS: DALBERG RICHARD
BELK-DALBERG JULIE
REGION CODE ADDRESS : 1 KINGSLEY COURT
01 CITY : STAFFORD
STATE/ZIP : VA 22554
MORTGAGE AMOUNT : 289,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,632.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031016975 MORTGAGORS: ANGILERI JOHN
ANGILERI JENI
REGION CODE ADDRESS : 1135 OLIVE BRANCH LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,520.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.74400
----------------------------------------------------------------
0 0031016983 MORTGAGORS: YOUNG CHERYL
YOUNG GLENN
REGION CODE ADDRESS : 1734 CLINTON DRIVE
01 CITY : AMBLER
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 275,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,376.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.24 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: 1,670,650.00
P & I AMT: 12,026.39
UPB AMT: 1,667,743.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 251
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031017007 MORTGAGORS: CONLEY ROBERT
CONLEY DIANE
REGION CODE ADDRESS : 16 HESSIAN BLVD
01 CITY : READING
STATE/ZIP : PA 19607
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,799.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.23000
----------------------------------------------------------------
0 0031017031 MORTGAGORS: BARKER SCOTT
BARKER RANDY
REGION CODE ADDRESS : 1119 BERWIND ROAD
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,539.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,243.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.17200
----------------------------------------------------------------
0 0031017064 MORTGAGORS: TIMMONS WILLIAM
DISMAN SHARON
REGION CODE ADDRESS : 1190 UTOPIA PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 316,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,564.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,215.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031017098 MORTGAGORS: SMITH KENNETH
REGION CODE ADDRESS : 608 FORWARD STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 276,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,264.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,028.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031017122 MORTGAGORS: SIP DEREK
REGION CODE ADDRESS : 1258 LITTLETON DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.15151
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,428,250.00
P & I AMT: 10,194.94
UPB AMT: 1,427,002.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 252
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031017205 MORTGAGORS: NAKANO KEVIN
NAKANO RITA
REGION CODE ADDRESS : 3631 ELEDA DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,730.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031017213 MORTGAGORS: CAZARES RICARDO
CAZARES MICHELLE
REGION CODE ADDRESS : 4112 KERWOOD COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,810.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031017262 MORTGAGORS: ARTHUR ALBERT
ARTHUR PATRICIA
REGION CODE ADDRESS : 141 EMERALD DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,742.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,614.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.94800
----------------------------------------------------------------
0 0031017312 MORTGAGORS: SCHNEIDER TOBIN
SCHNEIDER JUDITH
REGION CODE ADDRESS : 685 MAGNOLIA DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,829.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031017338 MORTGAGORS: POULTON BRUCE
POULTON LORELEI
REGION CODE ADDRESS : 3213 HANCOCK PLACE
01 CITY : FREMONT
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,768.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.89200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,000.00
P & I AMT: 10,733.21
UPB AMT: 1,487,881.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 253
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031017346 MORTGAGORS: GOLDBERG HANK
REGION CODE ADDRESS : 1979 BENECIA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
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 : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.95200
----------------------------------------------------------------
0 0031017361 MORTGAGORS: DEWEY JOHN
DEWEY DEBORAH
REGION CODE ADDRESS : 5400 FINAL APPROACH COURT EAST
01 CITY : GRANBURY
STATE/ZIP : TX 76049
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,424.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031017403 MORTGAGORS: OLVERA RENE
VILLA-OLVERA MICHELLE
REGION CODE ADDRESS : 24 THORNHURST
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78218
MORTGAGE AMOUNT : 248,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,356.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0031017411 MORTGAGORS: TULLMAN JAMES
TULLMAN HEIDI
REGION CODE ADDRESS : 2229 SOUTH CANFIELD AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
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 : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.91600
----------------------------------------------------------------
0 0031017437 MORTGAGORS: DELONG RODNEY
DELONG JEANENE
REGION CODE ADDRESS : 123 TRINITY BLUFFS BOULEVARD
01 CITY : ALEDO
STATE/ZIP : TX 76008
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,508.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 71.14200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,395,700.00
P & I AMT: 10,273.44
UPB AMT: 1,393,375.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 254
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031017460 MORTGAGORS: MURPHY DEXTER
MURPHY DEBORAH
REGION CODE ADDRESS : 108 FAWN DRIVE
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78231
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,604.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031017486 MORTGAGORS: LEVEY ROBIN
REGION CODE ADDRESS : 3052 MOUNTAIN VIEW DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,490.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031017494 MORTGAGORS: WEISSINGER RICHARD
WEISSINGER KRISTI
REGION CODE ADDRESS : 1025 DRIFTWOOD AVENUE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,524.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.95900
----------------------------------------------------------------
0 0031017502 MORTGAGORS: HALE MARK
HALE TIFFANY
REGION CODE ADDRESS : 3537 BUENA VISTA AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91203
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,721.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.27200
----------------------------------------------------------------
0 0031017551 MORTGAGORS: HENNIS GARY
SCHROEDER JANE
REGION CODE ADDRESS : 1 CASEY GLEN COURT
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 296,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,190.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,400.00
P & I AMT: 10,746.23
UPB AMT: 1,487,531.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 255
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031017569 MORTGAGORS: ADAMO MICHAEL
REGION CODE ADDRESS : 5103 DEERWOOD PARK DRIVE
01 CITY : ARLINGTON
STATE/ZIP : TX 76017
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,344.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 73.77700
----------------------------------------------------------------
0 0031017585 MORTGAGORS: REDMOND ERNEST
BROWN-REDMOND MARY
REGION CODE ADDRESS : 8323 FRONTENAC DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77071
MORTGAGE AMOUNT : 367,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,605.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,693.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99200
----------------------------------------------------------------
0 0031017692 MORTGAGORS: CHAN AARON
CHAN CINDY
REGION CODE ADDRESS : 2536 KRISTEN LEE DRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,650.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,482.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031017718 MORTGAGORS: WASIKOWSKI PAUL
HOPPESCH SALLY
REGION CODE ADDRESS : 1608 MCCORMACK DRIVE
01 CITY : HOFFMAN ESTATES
STATE/ZIP : IL 60195
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,836.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 76.68700
----------------------------------------------------------------
0 0031017759 MORTGAGORS: HELDT RUSSELL
HELDT CARRIE
REGION CODE ADDRESS : 4443 CONCHITA WAY
01 CITY : TARZANA AREA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,636.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 69.29577
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,687,100.00
P & I AMT: 12,300.68
UPB AMT: 1,584,073.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 256
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031017817 MORTGAGORS: MILLER ROBERT
MILLER DOROTHY
REGION CODE ADDRESS : 1967 DEERMONT ROAD
01 CITY : GLENDALE
STATE/ZIP : CA 91207
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.14800
----------------------------------------------------------------
0 0031017825 MORTGAGORS: PERLMAN MITCHELL
REGION CODE ADDRESS : 2430-32 PALERMO DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,808.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,089.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031017965 MORTGAGORS: DOUGLASS RODNEY
DOUGLASS PATRICIA
REGION CODE ADDRESS : 640 ST JAMES ROAD
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031018088 MORTGAGORS: COLLICELLI JOHN
CANNELL STEVEN
REGION CODE ADDRESS : 1260 LINDA FLORA DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90099
MORTGAGE AMOUNT : 483,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 482,841.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,378.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031018104 MORTGAGORS: FRIEDMAN NEDWYN
FRIEDMAN MARY
REGION CODE ADDRESS : 2947 CROW NEST CIRCLE
01 CITY : ANCHORAGE
STATE/ZIP : AK 99515
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,780.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,487.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.44400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,753,200.00
P & I AMT: 12,555.88
UPB AMT: 1,751,960.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 257
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031018211 MORTGAGORS: KENDALL PETER
KENDALL SUSAN
REGION CODE ADDRESS : 35 VIA HERMOSA
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,780.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031018237 MORTGAGORS: MALOUF FREDERICK
MALOUF BONNIE
REGION CODE ADDRESS : 379 PALO ALTO AVENUE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94041
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,772.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.95800
----------------------------------------------------------------
0 0031018252 MORTGAGORS: SHIMA MIKI
SHIMA DIANA
REGION CODE ADDRESS : 21 FORREST ROAD
01 CITY : NOVATO
STATE/ZIP : CA 94947
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031018260 MORTGAGORS: RINEER JOHN
RINEER DAWN
REGION CODE ADDRESS : 2737 CAMPBELL DRIVE
01 CITY : AUBURN
STATE/ZIP : CA 95602
MORTGAGE AMOUNT : 311,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,301.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,340.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.91300
----------------------------------------------------------------
0 0031018278 MORTGAGORS: ROMEO JOHN
REGION CODE ADDRESS : 597 TEREDO DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.01123
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,670,500.00
P & I AMT: 12,218.73
UPB AMT: 1,669,325.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 258
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031018302 MORTGAGORS: STUART ROBERT
STUART LORI
REGION CODE ADDRESS : 240 & 240 1/2 QUINCY AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,168.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,261.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031018377 MORTGAGORS: OLSON EDWIN
OLSON LORRAINE
REGION CODE ADDRESS : 11671 NORGROVE LANE
01 CITY : LOS ALAMITOS {AREA}
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,801.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031018385 MORTGAGORS: MAZZOLINI PATTIE
MAZZOLINI RALPH
REGION CODE ADDRESS : 941 ESSEX STREET
01 CITY : GLENDORA
STATE/ZIP : CA 91740
MORTGAGE AMOUNT : 275,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,228.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,093.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031018393 MORTGAGORS: LEE LEETON
LEE KATHLEEN
REGION CODE ADDRESS : 17434 RAYMER STREET
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,810.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,231.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031018419 MORTGAGORS: BIRCH JO-ANN
ROBINSON KATH
REGION CODE ADDRESS : 581 EUREKA CANYON ROAD
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 179,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,076.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,299.32 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: 1,339,100.00
P & I AMT: 9,759.13
UPB AMT: 1,338,085.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 259
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031018815 MORTGAGORS: NARVAEZ SARA
NARVAEZ SIMA
REGION CODE ADDRESS : 23 ROUNDTOP ROAD
01 CITY : YONKERS
STATE/ZIP : NY 10710
MORTGAGE AMOUNT : 257,360.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,182.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.67800
----------------------------------------------------------------
0 0031019540 MORTGAGORS: ROESCH SIEGFRIED
ROESCH CHRISTINA
REGION CODE ADDRESS : 1024 SYCAMORE DRIVE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,726.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,772.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031019581 MORTGAGORS: HILL DOUGLAS
REGION CODE ADDRESS : 775 E MOLASSES MILL DRIVE
01 CITY : DRAPER
STATE/ZIP : UT 84020
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031019599 MORTGAGORS: FLOOD STEPHEN
FLOOD SUE
REGION CODE ADDRESS : 2509 BROAD BAY ROAD
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23451
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,730.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031020019 MORTGAGORS: GENNARO ANTHONY
GENNARO EMY
REGION CODE ADDRESS : 14 BEENA WAY
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,862.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,615.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 49.42500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,452,110.00
P & I AMT: 10,478.80
UPB AMT: 1,451,096.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 260
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031020035 MORTGAGORS: MARBELLA VERONICA
REGION CODE ADDRESS : 12516 SUMMERWIND STREET
01 CITY : CERRITOS
STATE/ZIP : CA 90703
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 92.65306
----------------------------------------------------------------
0 0031020159 MORTGAGORS: WU VICTOR
WU YU
REGION CODE ADDRESS : 45150 PARKMEADOW DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,804.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.86000
----------------------------------------------------------------
0 0031020175 MORTGAGORS: ROSSMAN JOHN
ROSSMAN ANN
REGION CODE ADDRESS : 6010 NW 60 AVENUE
01 CITY : PARKLAND
STATE/ZIP : FL 33067
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,420.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031020258 MORTGAGORS: KLASSEN DAN
KLASSEN JANICE
REGION CODE ADDRESS : 4901 BLANK ROAD
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 291,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,299.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.71428
----------------------------------------------------------------
0 0031020316 MORTGAGORS: YOUNG ALDIN
YOUNG MARCIA
REGION CODE ADDRESS : 1917 AVENIDA APRENDA
01 CITY : RANCHO PALO VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,827.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.01408
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,266,250.00
P & I AMT: 9,093.20
UPB AMT: 1,265,195.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 261
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031020357 MORTGAGORS: SANTORE WILLIAM
SANTORE KIMBERLY
REGION CODE ADDRESS : 31302 PASEO MONTEVIDEO
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 279,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,692.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031020415 MORTGAGORS: TRUBEY PAUL
TRUBEY DEETTE
REGION CODE ADDRESS : 12656 BUTTERWOOD COURT
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,384.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031020514 MORTGAGORS: ARIANS LAMBERT
ARIANS ANNE
REGION CODE ADDRESS : 19983 ALEXANDRA'S GROVE DRIVE
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 231,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,755.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,615.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99200
----------------------------------------------------------------
0 0031020621 MORTGAGORS: ZERGA SCOTT
ZERGA JESSICA
REGION CODE ADDRESS : 2714 LOFTYVIEW DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 314,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,883.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,277.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031020712 MORTGAGORS: MCCLELLAN PATRICK
CHESHIER NANCY
REGION CODE ADDRESS : 1038 WALKER AVENUE
01 CITY : OAKLAND
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,666.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 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: 1,374,700.00
P & I AMT: 9,762.21
UPB AMT: 1,373,383.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 262
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031020803 MORTGAGORS: SOLT RICK
KAST SANDRA
REGION CODE ADDRESS : 3901 CATHANN STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 252,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,120.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031020811 MORTGAGORS: WAFER THOMAS
WAFER MARY
REGION CODE ADDRESS : 4518 MARLOMA DRIVE
01 CITY : ROLLING HILLS ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,684.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,971.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.89200
----------------------------------------------------------------
0 0031020845 MORTGAGORS: HAWKE W
HAWKE DIANNE
REGION CODE ADDRESS : 2732 PALOS VERDES DRIVE NORTH
01 CITY : ROLLING HILLS
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 649,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,017.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,541.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.12500
----------------------------------------------------------------
0 0031020852 MORTGAGORS: RAUCHMAN STEVEN
RAUCHMAN PAULA
REGION CODE ADDRESS : 4508 PARK MARBELLA
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,628.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0031020860 MORTGAGORS: SIMONE DEBORAH
SIMONE FRANCESCO
REGION CODE ADDRESS : 3432 BORRESON STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92117
MORTGAGE AMOUNT : 251,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,722.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,079,100.00
P & I AMT: 14,602.40
UPB AMT: 2,077,173.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 263
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031020878 MORTGAGORS: PETERSEN DENNIS
PETERSEN JACQUELINE
REGION CODE ADDRESS : 506 BRUMSEY COURT S.W.
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,608.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031020902 MORTGAGORS: HANSEN ROBERT
HANSEN JANICE
REGION CODE ADDRESS : 636 MARGARITA AVENUE
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 466,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 465,340.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,338.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.96800
----------------------------------------------------------------
0 0031020910 MORTGAGORS: LEWIS MARK
REGION CODE ADDRESS : 1334 AVENIDA DE CORTEZ
01 CITY : PACIFIC PALASADES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,679.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,020.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031020936 MORTGAGORS: DOO YI-HSIEN
DOO JUDY
REGION CODE ADDRESS : 15 EAGLE POINT
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,028.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031020985 MORTGAGORS: AKDAG IRFAN
AKDAG JENNIFER
REGION CODE ADDRESS : 119 HARDENBURGH AVENUE
01 CITY : DEMAREST
STATE/ZIP : NJ 07627
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,644,200.00
P & I AMT: 11,701.40
UPB AMT: 1,642,656.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 264
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031021017 MORTGAGORS: BAJEMA BRYAN
BAJEMA CINDY
REGION CODE ADDRESS : 351 KOHNER COURT
01 CITY : SANTA CLARA
STATE/ZIP : CA 95050
MORTGAGE AMOUNT : 321,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,260.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,248.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031021033 MORTGAGORS: YOUNG JAMES
YOUNG JOAN
REGION CODE ADDRESS : 18214 WICKHAM ROAD
01 CITY : OLNEY
STATE/ZIP : MD 20832
MORTGAGE AMOUNT : 270,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,149.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031021058 MORTGAGORS: CAUGHLIN BRIAN
CAUGHLIN PAMELA
REGION CODE ADDRESS : 9 CALLE AMENO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,811.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,223.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 45.53800
----------------------------------------------------------------
0 0031021066 MORTGAGORS: SCHULTZ FRANK
SCHULTZ JOANNIE
REGION CODE ADDRESS : 156 SOUTH AVENIDA FELIPE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,824.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 65.36500
----------------------------------------------------------------
0 0031021074 MORTGAGORS: KHAN MOHAMMED
KHAN ABEEDA
REGION CODE ADDRESS : 24599 PASEO DE TORONTO
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
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 : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 65.75300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,395,950.00
P & I AMT: 10,112.01
UPB AMT: 1,394,884.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 265
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031021082 MORTGAGORS: OROSA DANILO
OROSA LYDIA
REGION CODE ADDRESS : 12311 BRASSICA STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92129
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,839.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,571.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------
0 0031021090 MORTGAGORS: HERRERA ANDRE
HERRERA STEPHANIE
REGION CODE ADDRESS : 13 SECA PLACE
01 CITY : SALINAS
STATE/ZIP : CA 93908
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,314.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031021116 MORTGAGORS: EVERSZ ERNEST
EVERSZ LAURA
REGION CODE ADDRESS : 375 NORTH RIDGEWOOD PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90004
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,551.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.20100
----------------------------------------------------------------
0 0031021124 MORTGAGORS: JEPSON CHARLES
REGION CODE ADDRESS : 175 CUESTA DE LOS GATOS WAY
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,445.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031021132 MORTGAGORS: DENT ROBERT
DENT RUTH
REGION CODE ADDRESS : 18425 WAKE CREST DRIVE
01 CITY : MALIBU AREA
STATE/ZIP : CA 90265
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 : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 33.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,412,500.00
P & I AMT: 10,106.94
UPB AMT: 1,410,992.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 266
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031021140 MORTGAGORS: THOMPSON MICHAEL
THOMPSON JEANNETTE
REGION CODE ADDRESS : 11721 CHERRY STREET
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,839.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 67.04200
----------------------------------------------------------------
0 0031021157 MORTGAGORS: WILSON BRADLEY
WILSON MONIQUE
REGION CODE ADDRESS : 1222 SOUTH GERTRUDA AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031021165 MORTGAGORS: GODDARD BRUCE
GODDARD DIANE
REGION CODE ADDRESS : 736 CALLE ESTRADA
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,360.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031021215 MORTGAGORS: ROSENFIELD MITCH
MOLENAAR MARY BETH
REGION CODE ADDRESS : 3550 GROVE STREET
01 CITY : EVANSTON
STATE/ZIP : IL 60203
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,043.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031021231 MORTGAGORS: REMBISZ RONALD
FERNANDEZ ANTON MARIA
REGION CODE ADDRESS : 79 TRINIDAD BEND
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,974.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.19000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,296,600.00
P & I AMT: 9,354.49
UPB AMT: 1,295,418.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 267
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031021249 MORTGAGORS: RAMIREZ DAGOBERTO
RAMIREZ GRACIELA
REGION CODE ADDRESS : RT 8 BOX 4586
01 CITY : MISSION
STATE/ZIP : TX 78572
MORTGAGE AMOUNT : 247,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,257.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.63000
----------------------------------------------------------------
0 0031021256 MORTGAGORS: YANG KAI
LIANG HUI
REGION CODE ADDRESS : 7125 CHARDON COURT
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 293,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,482.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,053.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031021264 MORTGAGORS: KNIGHT DONALD
KNIGHT CRISTINA
REGION CODE ADDRESS : 2545 WEST 233RD STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90505
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.36700
----------------------------------------------------------------
0 0031021272 MORTGAGORS: PHAM LOC
PHAM MINCHAU
REGION CODE ADDRESS : 23 CLEAR CREEK
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 405,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,013.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,903.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031021322 MORTGAGORS: PATINO JIM
WRIGHT PATRICIA
REGION CODE ADDRESS : 920 PLEASANT HILL RD
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.04800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,546,650.00
P & I AMT: 11,086.31
UPB AMT: 1,545,319.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 268
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031021397 MORTGAGORS: PUTICH CHUCK
PUTICH KELLY
REGION CODE ADDRESS : 8910 VALLEY VIEW AVENUE
01 CITY : WHITTIER
STATE/ZIP : CA 90605
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,056.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031021413 MORTGAGORS: JOHNSON DEBRA
JOHNSON ROLAND
REGION CODE ADDRESS : 111 THIRD STREET
01 CITY : PACIFIC GROVE
STATE/ZIP : CA 93950
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,678.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,266.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031021454 MORTGAGORS: WHEELER ALAN
REGION CODE ADDRESS : 20535 QUARTERPATH TRACE CIRCLE
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 231,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,428.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,619.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031021504 MORTGAGORS: HEWSON JOHN
HEWSON GENEVIEVE
REGION CODE ADDRESS : 6 BIRKDALE COURT
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,740.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,636.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031021751 MORTGAGORS: MC HENRY MICHAEL
MC HENRY NICOLE
REGION CODE ADDRESS : 7 SILVERBREEZE
01 CITY : IRVINE
STATE/ZIP : CA 92714
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,801.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.10200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,605,850.00
P & I AMT: 11,444.78
UPB AMT: 1,604,703.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 269
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031021777 MORTGAGORS: BROWN JOHN
BROWN SHIRLEY
REGION CODE ADDRESS : 1449 PETERSON ROAD
01 CITY : BURLINGTON
STATE/ZIP : WA 98233
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,818.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,979.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031021793 MORTGAGORS: REHMS MARK
REHMS SARA
REGION CODE ADDRESS : 18161 LINCOLN STREET
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,836.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031022254 MORTGAGORS: GOLDMAN DOUGLAS
GOLDMAN LISA
REGION CODE ADDRESS : 161 PACKARD AVENUE
01 CITY : WYCKOFF
STATE/ZIP : NJ 07841
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 91.91100
----------------------------------------------------------------
0 0031022312 MORTGAGORS: MOTHA JANET
MOTHA JAMES
REGION CODE ADDRESS : 10585 STERLING BLVD
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,299.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031022320 MORTGAGORS: ROSSI J
ROSSI IRENE
REGION CODE ADDRESS : 3 ALDEA
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 267,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,320.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 73.28700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,329,000.00
P & I AMT: 9,789.68
UPB AMT: 1,328,274.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 270
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031022403 MORTGAGORS: SAVAGE MICHAEL
SAVAGE KATHLEEN
REGION CODE ADDRESS : 7613 HURON STREET
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19118
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,260.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,866.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/17
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.18045
----------------------------------------------------------------
0 0031022445 MORTGAGORS: GAINER PHYLLIS
REGION CODE ADDRESS : 2312 GREEN RIVER DRIVE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91915
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,260.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031022494 MORTGAGORS: TABADDOR PRIYA
TABADDOR MAHMOOD
REGION CODE ADDRESS : 710 GRANBURY WAY
01 CITY : ALPHARETTA
STATE/ZIP : GA 30202
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,617.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.63200
----------------------------------------------------------------
0 0031022650 MORTGAGORS: HARVEY THOMAS
HARVEY SUSAN
REGION CODE ADDRESS : 2112 4TH AVE WEST
01 CITY : SEATTLE
STATE/ZIP : WA 98119
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,307.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031022726 MORTGAGORS: MUSTACCHIO JOSEPH
MUSTACCHIO DONNA
REGION CODE ADDRESS : 333 GENOA STREET # 1
01 CITY : ARCADIA
STATE/ZIP : CA 91006
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.30300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,508,500.00
P & I AMT: 11,189.59
UPB AMT: 1,505,772.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 271
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031022874 MORTGAGORS: PIERNO THOMAS
PIERNO DIANE
REGION CODE ADDRESS : 3006 VINA VIAL
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,520.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,303.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/17
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.64100
----------------------------------------------------------------
0 0031023211 MORTGAGORS: DOVING RAYMOND
DOVING LINDA
REGION CODE ADDRESS : 11 MARINA WAY
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 479,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,861.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,433.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031023237 MORTGAGORS: FERNLUND PHYLLIS
REGION CODE ADDRESS : 5231 BEAUMONT WAY
01 CITY : SANTA ROSA
STATE/ZIP : CA 95409
MORTGAGE AMOUNT : 258,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,217.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031023583 MORTGAGORS: PRESSMAN MARK
ZOREK-PRESSMAN JENNIFER
REGION CODE ADDRESS : 9 HAZELNUT ROAD
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.78900
----------------------------------------------------------------
0 0031023591 MORTGAGORS: WHEELER SCOTT
WHEELER ELIZABETH
REGION CODE ADDRESS : 1006 EAST ACACIA AVENUE
01 CITY : EL SEGUNDO
STATE/ZIP : CA 90245
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,852.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,612.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 75.34200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,510,600.00
P & I AMT: 11,147.16
UPB AMT: 1,509,253.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 272
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031023633 MORTGAGORS: WOOTEN RANDY
WOOTEN LEA
REGION CODE ADDRESS : 6471 SILVERHEED CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,845.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 75.40900
----------------------------------------------------------------
0 0031023641 MORTGAGORS: MORAIS VASCO
KAISER HOLLY
REGION CODE ADDRESS : 321 KAREN WAY
01 CITY : TIBURON
STATE/ZIP : CA 94920
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.77777
----------------------------------------------------------------
0 0031023658 MORTGAGORS: MORINO FRANK
MORINO VERONICA
REGION CODE ADDRESS : 53 UPPER OAK DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 329,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,511.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,333.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.13450
----------------------------------------------------------------
0 0031023666 MORTGAGORS: SUDDUTH JAMES
SUDDUTH KLINGER JULIE
REGION CODE ADDRESS : 280 LEXINGTON ROAD
01 CITY : KENSINGTON
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,799.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.97297
----------------------------------------------------------------
0 0031023674 MORTGAGORS: FLACK DAVID
FLACK DEBRA
REGION CODE ADDRESS : 130 SUNHAVEN ROAD
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,623.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,680.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.03700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,699,750.00
P & I AMT: 12,126.16
UPB AMT: 1,698,539.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 273
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031023690 MORTGAGORS: DENATO STEVEN
DENATO AMY
REGION CODE ADDRESS : 4143 KERWOOD COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0031023757 MORTGAGORS: AHARON-EZER AMNON
AHARON-EZER JANICE
REGION CODE ADDRESS : 7389 PIERCE STREET
01 CITY : VENTURA
STATE/ZIP : CA 90003
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031023773 MORTGAGORS: LINDER KARL
LINDER REBEKA
REGION CODE ADDRESS : 1440 DOMINGO RD
01 CITY : FULLERTON
STATE/ZIP : CA 92833
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,832.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 79.04700
----------------------------------------------------------------
0 0031023955 MORTGAGORS: BEACH ELLEN
REGION CODE ADDRESS : 13035 VIA GRIMALDI
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,693.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,606.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
0 0031023963 MORTGAGORS: DIENER MARY
REGION CODE ADDRESS : 4711 LAKESHORE DRIVE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95054
MORTGAGE AMOUNT : 299,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,888.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.52409
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,570,100.00
P & I AMT: 11,439.45
UPB AMT: 1,569,028.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 274
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031024094 MORTGAGORS: CUNNINGHAM CLARENCE
CUNNINGHAM PEBBLE
REGION CODE ADDRESS : 24631 STEFFY DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 274,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,956.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.21800
----------------------------------------------------------------
0 0031024185 MORTGAGORS: FOLK BRIAN
FOLK HEATHER
REGION CODE ADDRESS : 2151 MARCH PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92110
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031024193 MORTGAGORS: CASAQUITE ROMEO
CASAQUITE VIVIEN
REGION CODE ADDRESS : 2040 VIA LADETA
01 CITY : LA JOLLA AREA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,724.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,374.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031024250 MORTGAGORS: KASS CLAY
KASS JO ANN
REGION CODE ADDRESS : 18322 COUNTRY HOME ROAD AND *
01 CITY : MODJESKA CANYON AREA
STATE/ZIP : CA 92676
MORTGAGE AMOUNT : 555,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 554,655.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,218.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031024292 MORTGAGORS: BAXTER WILLIAM
BAXTER APRIL
REGION CODE ADDRESS : 2134 RAPIDS COURT
01 CITY : CARSON CITY
STATE/ZIP : NV 89703
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,753,650.00
P & I AMT: 13,063.43
UPB AMT: 1,752,681.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 275
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031024318 MORTGAGORS: KARAMIGIOS GEORGE
GENTRY CHERYL
REGION CODE ADDRESS : 28208 PALOS VERDES DRIVE EAST
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 482,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 481,642.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,370.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.12000
----------------------------------------------------------------
0 0031024342 MORTGAGORS: BACON PATRICIA
REGION CODE ADDRESS : 17 SUNSHINE AVENUE
01 CITY : SAUSALITO
STATE/ZIP : CA 94965
MORTGAGE AMOUNT : 543,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 542,626.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,937.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.21900
----------------------------------------------------------------
0 0031024367 MORTGAGORS: CHAIKEN JENNIFER
REGION CODE ADDRESS : 637 ALVARADO STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 99999
MORTGAGE AMOUNT : 581,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 580,447.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,214.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031024391 MORTGAGORS: BAILEY RANDALL
REGION CODE ADDRESS : 159 TERRACE AVENUE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031024607 MORTGAGORS: BRYAN MICHAEL
REGION CODE ADDRESS : 2160 WARD WAY
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 626,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 625,406.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,595.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,508,500.00
P & I AMT: 18,070.52
UPB AMT: 2,505,922.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 276
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031024623 MORTGAGORS: ABEL TIM
ABEL NECOLE
REGION CODE ADDRESS : 8 HITCHING POST
01 CITY : ROLLING HILLS ESTATE
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,742.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,519.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031024631 MORTGAGORS: COOLEY PAUL
HALL HOLLY
REGION CODE ADDRESS : 568 CREST DRIVE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031024680 MORTGAGORS: YARNOLD YVONNE
CROSS JOHN
REGION CODE ADDRESS : 560 4TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94118
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,770.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,243.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.38500
----------------------------------------------------------------
0 0031024706 MORTGAGORS: COCCO LEONARD
WISHINGRAD KAREN
REGION CODE ADDRESS : 5090 LOVALL VALLEY LOOP ROAD
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,734.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,125.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 71.72400
----------------------------------------------------------------
0 0031024763 MORTGAGORS: COOPER DEBORAH
BOUTEN MARGA
REGION CODE ADDRESS : 345 RACE HORSE LANE
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 479,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,670.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,473.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.94900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,828,000.00
P & I AMT: 13,224.48
UPB AMT: 1,826,734.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 277
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031024789 MORTGAGORS: KELLY KEVIN
KELLY KIMBERLY
REGION CODE ADDRESS : 512 BLACKSTONE COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
0 0031024797 MORTGAGORS: KARCHEM MICHAEL
KARCHEM GWYNNE
REGION CODE ADDRESS : 479 CEDAR HILL DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031025158 MORTGAGORS: NELSON JAMES
REGION CODE ADDRESS : 7790 LOCHMERE TERRACE
01 CITY : EDINA
STATE/ZIP : MN 55439
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,392.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 69.76700
----------------------------------------------------------------
0 0031025240 MORTGAGORS: FERRIS ROBERT
MCINERNEY CHRISTINE
REGION CODE ADDRESS : 5 BEACHWAY DRIVE
01 CITY : PORT WASHINGTON
STATE/ZIP : NY 11050
MORTGAGE AMOUNT : 339,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,007.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,404.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031025315 MORTGAGORS: DRELL LAURENCE
DRELL VICTORIA
REGION CODE ADDRESS : 3207 CLEVELAND AVE NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20008
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,963.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,118.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,712,750.00
P & I AMT: 12,367.69
UPB AMT: 1,708,905.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 278
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031026131 MORTGAGORS: ASHLEY RICHARD
REGION CODE ADDRESS : 939 AUGUSTA DRIVE
01 CITY : MORAGA
STATE/ZIP : CA 94556
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 53.73700
----------------------------------------------------------------
0 0031026222 MORTGAGORS: MARTINEZ CHRIS
MARTINEZ PATRICIA
REGION CODE ADDRESS : 21411 TIMBERIDGE DRIVE
01 CITY : MAGNOLIA
STATE/ZIP : TX 77355
MORTGAGE AMOUNT : 239,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,785.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.86600
----------------------------------------------------------------
0 0031026537 MORTGAGORS: MOOSAVI SEYED
REGION CODE ADDRESS : 185 CANYON OAKS DRIVE
01 CITY : ARGYLE
STATE/ZIP : TX 76226
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 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 : 70.31300
----------------------------------------------------------------
0 0031026719 MORTGAGORS: SWANSON RANDALL
SWANSON DONNA
REGION CODE ADDRESS : 1033 RASHFORD DRIVE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,827.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.01400
----------------------------------------------------------------
0 0031026842 MORTGAGORS: HOPKINS WILLIAM
PETRONE LESLIE
REGION CODE ADDRESS : 6633 TOWLEE LANE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 307,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,972.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,147.99 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: 1,291,800.00
P & I AMT: 9,291.08
UPB AMT: 1,290,399.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 279
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031026875 MORTGAGORS: JOHNSON MICHAEL
EVANS NANCY
REGION CODE ADDRESS : 12290 SADDLE ROAD
01 CITY : CARMEL VALLEY
STATE/ZIP : CA 93924
MORTGAGE AMOUNT : 326,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,580.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,397.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.90200
----------------------------------------------------------------
0 0031026891 MORTGAGORS: JAMASBI BABAK
JAMASBI ANNE
REGION CODE ADDRESS : 50 MARGARITA DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 720,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 719,552.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,472.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 015
LTV : 75.00000
----------------------------------------------------------------
0 0031026941 MORTGAGORS: RISDON KENDRA
CHURCH BOBBY
REGION CODE ADDRESS : 24 PARKCREST
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,619.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031026958 MORTGAGORS: SAMBRAILO JOHN
SAMBRAILO DEBBIE
REGION CODE ADDRESS : 1245 LAGUNA AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 280,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,007.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.52100
----------------------------------------------------------------
0 0031026974 MORTGAGORS: HO HOI MING
KENG HAICHIIAN
REGION CODE ADDRESS : 756 WEST OAKCREST AVENUE
01 CITY : BREA
STATE/ZIP : CA 92621
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,819.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,973.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.35100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,864,800.00
P & I AMT: 13,848.29
UPB AMT: 1,863,579.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 280
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031026990 MORTGAGORS: YANCEY WILLIAM
YANCEY EVA
REGION CODE ADDRESS : 3086 PATRICIA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,676.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,048.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027006 MORTGAGORS: SMITH LOREN
SMITH EVONNE
REGION CODE ADDRESS : 206 CASTILLON WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95119
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,851.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.66600
----------------------------------------------------------------
0 0031027030 MORTGAGORS: HINTS WILLIAM
HINTS KRISTEN
REGION CODE ADDRESS : 8704 CYPRESS AVENUE
01 CITY : COTATI
STATE/ZIP : CA 94931
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,597.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027048 MORTGAGORS: TURNER DANIEL
TURNER PATRICIA
REGION CODE ADDRESS : 665 TIERRA LINDA COURT
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.94100
----------------------------------------------------------------
0 0031027055 MORTGAGORS: FORT JOHN
FORT BARBARA
REGION CODE ADDRESS : 640 HOLBROOK COURT
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 222,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,642.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.17 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: 1,446,800.00
P & I AMT: 10,394.42
UPB AMT: 1,445,581.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 281
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031027097 MORTGAGORS: MORRIS JAMES
DEL REY DONNA
REGION CODE ADDRESS : 434 ALEXANDER VALLEY ROAD
01 CITY : HEALDSBURG
STATE/ZIP : CA 95448
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,748.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,550.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027105 MORTGAGORS: KING BRUCE
REGION CODE ADDRESS : 1400 SAN REMO DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,738.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,192.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027121 MORTGAGORS: KUEKES PHILIP
KUEKES CYNTHIA
REGION CODE ADDRESS : 237 STANFORD AVENUE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,667.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,255.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027154 MORTGAGORS: HOLT FAMOUS
REGION CODE ADDRESS : 275 LIVE OAK DRIVE
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 288,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,556.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031027170 MORTGAGORS: KIPPER MICHAEL
KIPPER CHRISTINE
REGION CODE ADDRESS : 7369 ELEGANS PLACE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 413,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,922.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,031.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,937,950.00
P & I AMT: 14,149.25
UPB AMT: 1,936,633.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 282
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031027196 MORTGAGORS: WILSON WILLIAM
WILSON CAROLYN
REGION CODE ADDRESS : 1171 FAIRMONT DRIVE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,632.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027246 MORTGAGORS: VOLCHONOK ALEXANDER
KRAKOVSKAYA ELENA
REGION CODE ADDRESS : 43 CORONADO AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.15789
----------------------------------------------------------------
0 0031027253 MORTGAGORS: KNAGGS TREVOR
KNAGGS EMILY
REGION CODE ADDRESS : 1127 BLANC COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 272,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,626.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027279 MORTGAGORS: LODGE RAYMOND
LODGE MEGAN
REGION CODE ADDRESS : 37537 MAGEE ROAD
01 CITY : PALA
STATE/ZIP : CA 92059
MORTGAGE AMOUNT : 629,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 628,273.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,948.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 76.70700
----------------------------------------------------------------
0 0031027295 MORTGAGORS: VOSS BRUCE
SOPHY CHARLES
REGION CODE ADDRESS : 1488 N KINGS ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,664.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.62686
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,958,600.00
P & I AMT: 14,748.57
UPB AMT: 1,956,989.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 283
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031027303 MORTGAGORS: SPACE LEE
LEWIS ESMOND
REGION CODE ADDRESS : 4942 ELESTER DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.22300
----------------------------------------------------------------
0 0031027311 MORTGAGORS: GEIER KEVIN
GEIER HEIDEMARIE
REGION CODE ADDRESS : 165 INVERARAY COURT
01 CITY : HENDERSON
STATE/ZIP : NV 89014
MORTGAGE AMOUNT : 565,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 564,794.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,298.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031027337 MORTGAGORS: GUIDICI WAYNE
GUIDICI CHRISTINE
REGION CODE ADDRESS : 1657 GRAND AVENUE
01 CITY : PIEDMONT
STATE/ZIP : CA 94611
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 43.52900
----------------------------------------------------------------
0 0031027345 MORTGAGORS: PYNE THOMAS
PADGETT SUZANNE
REGION CODE ADDRESS : 2557 FAIRBROOK DRIVE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 487,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 486,656.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,488.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.54800
----------------------------------------------------------------
0 0031027360 MORTGAGORS: SOPKIN WILLIAM
SOPKIN LESLIE
REGION CODE ADDRESS : 5224 TERRAMAR WAY
01 CITY : OXNARD
STATE/ZIP : CA 93035
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,837.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 47.36800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,751,500.00
P & I AMT: 12,797.29
UPB AMT: 1,749,957.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 284
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031027378 MORTGAGORS: COOK JOEL
COOK MAUREEN
REGION CODE ADDRESS : 401 CHIPPENDALE DRIVE
01 CITY : HEATH
STATE/ZIP : TX 75087
MORTGAGE AMOUNT : 231,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,578.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031027386 MORTGAGORS: SAWHNEY RAJIV
SAWHNEY ANJALI
REGION CODE ADDRESS : 269 SANTA ROSA AVENUE
01 CITY : SAUSALITO
STATE/ZIP : CA 94965
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,761.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,612.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.39100
----------------------------------------------------------------
0 0031027394 MORTGAGORS: WRAY JOHNSTON
WRAY DONNA
REGION CODE ADDRESS : 2751 FIERRO CIRCLE
01 CITY : LA CRESCENTA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 241,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,142.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 70.97058
----------------------------------------------------------------
0 0031027428 MORTGAGORS: HAND ROBERT
HAND JACQUELINE K
REGION CODE ADDRESS : 919 OLD MELROSE ROAD
01 CITY : ROSEBURG
STATE/ZIP : OR 97470
MORTGAGE AMOUNT : 116,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 116,172.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 853.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031027444 MORTGAGORS: SHAPIRO KAREN
REGION CODE ADDRESS : 160 CONDOR COURT
01 CITY : BODEGA BAY
STATE/ZIP : CA 94923
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,167,300.00
P & I AMT: 8,467.72
UPB AMT: 1,166,496.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 285
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031027451 MORTGAGORS: RHYNE DENNIS
RHYNE MIRKA
REGION CODE ADDRESS : 4128 MIRALESTE DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,762.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027469 MORTGAGORS: SCHEINER NORMAN
BARNETT CAROL
REGION CODE ADDRESS : 14 LAUREL LANE
01 CITY : SAUSALITO
STATE/ZIP : CA 94965
MORTGAGE AMOUNT : 880,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 879,409.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,457.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 015
LTV : 80.00000
----------------------------------------------------------------
0 0031027493 MORTGAGORS: LE PETER
LE KIMANH
REGION CODE ADDRESS : 3382 SAGEWOOD LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 234,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,238.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027501 MORTGAGORS: YOUNG RANDAL
YOUNG MARYANN
REGION CODE ADDRESS : 38 SANTA BELLA ROAD
01 CITY : ROLLING HILLS ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,707.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,081.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.44444
----------------------------------------------------------------
0 0031027543 MORTGAGORS: FUKUNAGA HOWARD
KWONG-FUKUNAGA JUDY
REGION CODE ADDRESS : 2268 KENT STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,810.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 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: 2,123,400.00
P & I AMT: 15,349.78
UPB AMT: 2,121,928.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 286
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031027550 MORTGAGORS: QUANG CAU
GIANG NU
REGION CODE ADDRESS : 3570 MACGREGOR LANE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95054
MORTGAGE AMOUNT : 218,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,656.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027568 MORTGAGORS: KOHLER ANDREW
KOHLER KATHLEEN
REGION CODE ADDRESS : 41362 MORADA COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 363,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,737.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,569.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.78000
----------------------------------------------------------------
0 0031027584 MORTGAGORS: HUSTON JAMES
HUSTON CARRIE
REGION CODE ADDRESS : 2519 OLYMPIC VIEW DRIVE
01 CITY : CHINO
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,854.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027592 MORTGAGORS: TAYLOR MAUREEN
VARA RENN
REGION CODE ADDRESS : 266 EDGEWOOD AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 468,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,458.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,562.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031027600 MORTGAGORS: SNOOK HOWARD
SNOOK MARY
REGION CODE ADDRESS : 2145 CREEKFIELD DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 152,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 151,898.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,115.32 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: 1,430,550.00
P & I AMT: 10,584.92
UPB AMT: 1,429,605.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 287
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031027626 MORTGAGORS: SMETANA RONALD
SMETANA LINDA
REGION CODE ADDRESS : 106 ARDITH DRIVE
01 CITY : ORINDA
STATE/ZIP : CA 94563
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 52.08333
----------------------------------------------------------------
0 0031027642 MORTGAGORS: MALLOY MICHAEL
MALLOY MELISSA
REGION CODE ADDRESS : 2217 KENRY WAY
01 CITY : SOUTH SAN FRANCISO
STATE/ZIP : CA 94080
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027667 MORTGAGORS: MATSUI RICHARD
MATSUI BRENDA
REGION CODE ADDRESS : 19534 ANZA AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,577.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031027675 MORTGAGORS: NELSON RANDALL
NELSON CHRISTINE
REGION CODE ADDRESS : 55 MARTINEZ COURT
01 CITY : NOVATO
STATE/ZIP : CA 94945
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027691 MORTGAGORS: KILBORNE ROBERT
REGION CODE ADDRESS : 7872 RIO SENDA
01 CITY : RANCHO SANTA FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 536,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 535,631.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,886.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.40700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,577,950.00
P & I AMT: 11,306.59
UPB AMT: 1,576,835.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 288
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031027717 MORTGAGORS: RITVO EDWARD
RITVO RIVA
REGION CODE ADDRESS : 10570 ROCCA WAY
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 344,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,274.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,557.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 64.39252
----------------------------------------------------------------
0 0031027725 MORTGAGORS: PEREZ CESAR
PEREZ CATHERINE
REGION CODE ADDRESS : 1129 CARLOS DRIVE
01 CITY : GREAT FALLS
STATE/ZIP : MT 59404
MORTGAGE AMOUNT : 123,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 123,423.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 938.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031027741 MORTGAGORS: IRIGOYEN KENNETH
IRIGOYEN ESTELLA
REGION CODE ADDRESS : 5035 ORDUNA DRIVE
01 CITY : CORAL GABLES
STATE/ZIP : FL 33146
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,590.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,316.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027758 MORTGAGORS: ERIGERO STEPHEN
ERIGERO MARY
REGION CODE ADDRESS : 316 6TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,772.03 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 : 61.52300
----------------------------------------------------------------
0 0031027766 MORTGAGORS: NGUYEN MICHAEL
LAM ANHNHI
REGION CODE ADDRESS : 34 PARKCREST
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 273,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,746.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.72100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,376,950.00
P & I AMT: 10,042.70
UPB AMT: 1,375,807.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 289
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031027774 MORTGAGORS: MACEDO ARSTIDES
MACEDO RITA
REGION CODE ADDRESS : 10714 HOLLY MEADOW DRIVE #B
01 CITY : SANTEE
STATE/ZIP : CA 92071
MORTGAGE AMOUNT : 66,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 66,453.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 476.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.23500
----------------------------------------------------------------
0 0031027782 MORTGAGORS: CALDER JEFFREY
CALDER PATRICIA
REGION CODE ADDRESS : 2 ABBOTT CT
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,748.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,851.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031027816 MORTGAGORS: ONG MICHAEL
ONG ANN
REGION CODE ADDRESS : 1488 GUIZOT STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92107
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,818.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 57.57500
----------------------------------------------------------------
0 0031027824 MORTGAGORS: PALMER MICHAEL
PALMER LAUREEN
REGION CODE ADDRESS : 1525 SERAFIX ROAD
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,752.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 46.05500
----------------------------------------------------------------
0 0031027832 MORTGAGORS: HELLER STEVEN
STILES-HELLER ANNE
REGION CODE ADDRESS : 1007 MORTON STREET
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,818.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,064.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 55.60000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,363,500.00
P & I AMT: 10,040.29
UPB AMT: 1,362,591.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 290
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031027857 MORTGAGORS: MICHAEL JOHN
MICHAEL DOROTHY
REGION CODE ADDRESS : 124 RUBICON PEAK LANE
01 CITY : INCLINE VILLIAGE
STATE/ZIP : NV 89451
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,672.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,199.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027865 MORTGAGORS: PALLAIS SCOTT
PALLAIS MARLINE
REGION CODE ADDRESS : 14142 SUMMIT CREST
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,774.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 55.17200
----------------------------------------------------------------
0 0031027881 MORTGAGORS: HILLYER JON
HILLYER JENIFER
REGION CODE ADDRESS : 6078 ILLAHEE ROAD NORTHEAST
01 CITY : BREMERTON
STATE/ZIP : WA 98311
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,762.51 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 : 80.00000
----------------------------------------------------------------
0 0031027907 MORTGAGORS: PERRELLA MICHAEL
PERRELLA LINDA
REGION CODE ADDRESS : 366 WEST BALTIMORE AVENUE
01 CITY : LARKSPUR
STATE/ZIP : CA 94939
MORTGAGE AMOUNT : 471,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,667.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,374.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.23900
----------------------------------------------------------------
0 0031027923 MORTGAGORS: PANG TOM
PANG SIK
REGION CODE ADDRESS : 1666 VIA CAMPAGNA
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,781.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.68300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,858,000.00
P & I AMT: 13,166.22
UPB AMT: 1,856,658.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 291
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031027949 MORTGAGORS: STEWART DAVID
REGION CODE ADDRESS : 1034 LEWIS COVE ROAD
01 CITY : DELRAY BEACH
STATE/ZIP : FL 33483
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,842.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031027972 MORTGAGORS: BRANDT ANDREA
POMPOSELLO JOHN
REGION CODE ADDRESS : 1018 24TH STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,671.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,595.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 41.24500
----------------------------------------------------------------
0 0031027980 MORTGAGORS: TALLAM MADHUKAR
TALLAM PRIYA
REGION CODE ADDRESS : 3261 WINDING VISTA COMMON
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 552,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 552,439.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,865.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031028004 MORTGAGORS: SCHMITZ ROGER
SCHMITZ SUSAN
REGION CODE ADDRESS : 149 ARBOLADO DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,803.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.19000
----------------------------------------------------------------
0 0031028012 MORTGAGORS: SMITH JOHN
SMITH SUSAN
REGION CODE ADDRESS : 1511 BERVY STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92110
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,916,050.00
P & I AMT: 13,739.22
UPB AMT: 1,914,519.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 292
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031028053 MORTGAGORS: PRICE SHARON
REGION CODE ADDRESS : 10362 MISSISSIPPI AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 357,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,347.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,561.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028079 MORTGAGORS: SNYDER CHARLES
SNYDER BONITA
REGION CODE ADDRESS : 681 CALLE ARROYO
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,514.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,304.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031028103 MORTGAGORS: WINCHELL ROBERT
REGION CODE ADDRESS : 873 LOMA VALLEY PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,008.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028111 MORTGAGORS: SPARKMAN JAMES
SPARKMAN MARGIE
REGION CODE ADDRESS : 3670 MUNIZ RANCH ROAD
01 CITY : JENNER
STATE/ZIP : CA 95450
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 51.96800
----------------------------------------------------------------
0 0031028137 MORTGAGORS: ROGERS J.
ROGERS JANET
REGION CODE ADDRESS : 3664 WASATCH AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 334,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,286.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,512.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.20000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,713,300.00
P & I AMT: 12,657.65
UPB AMT: 1,711,919.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 293
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031028145 MORTGAGORS: RILEY M.
REGION CODE ADDRESS : 20 HILL STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028152 MORTGAGORS: VESLEY JANET
REGION CODE ADDRESS : 2784 36TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.23800
----------------------------------------------------------------
0 0031028178 MORTGAGORS: ROYALL WILLIAM
ROYALL BONNIE
REGION CODE ADDRESS : 444 MONTECILLO ROAD
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 459,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,267.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,253.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028210 MORTGAGORS: WOOLDRIDGE STEPHEN
WORLEY KIMBERLEY
REGION CODE ADDRESS : 6262 CALLE MONTALVO CIRCLE
01 CITY : LOOMIS
STATE/ZIP : CA 95650
MORTGAGE AMOUNT : 636,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 636,361.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,617.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028251 MORTGAGORS: ZANIDES LINDA
REGION CODE ADDRESS : 247 POINT SAN PEDRO ROAD
01 CITY : SAN RAPHAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,718.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,081.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,046,400.00
P & I AMT: 14,766.23
UPB AMT: 2,044,976.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 294
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031028301 MORTGAGORS: RYAN MICHAEL
RYAN MARIA
REGION CODE ADDRESS : 2262 33RD AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,830.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.09500
----------------------------------------------------------------
0 0031028327 MORTGAGORS: GOTELLI DIANE
REGION CODE ADDRESS : 3725 TERSTENA PLACE #143
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 108,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 107,925.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 783.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028368 MORTGAGORS: SKINNER JOHN
REGION CODE ADDRESS : 190 MELVILLE AVENUE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,689.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,152.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
0 0031028384 MORTGAGORS: WAGNER CHARLES
WAGNER CHERYL
REGION CODE ADDRESS : 20025 PASEO LUIS
01 CITY : YORBA LINDA
STATE/ZIP : CA 92686
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,789.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.11800
----------------------------------------------------------------
0 0031028442 MORTGAGORS: TRAN DUNG
TRAN TUAN
REGION CODE ADDRESS : 3946 THAINWOOD ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 220,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,244.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,578.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.97754
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,312,400.00
P & I AMT: 9,432.83
UPB AMT: 1,311,479.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 295
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031028459 MORTGAGORS: NIMS CHRISTOPHER
NIMS SAMANTHA
REGION CODE ADDRESS : 5944 HOSTA LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 326,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,157.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,282.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028467 MORTGAGORS: HAMILTON SCOTT
REGION CODE ADDRESS : 3262 MIDVALE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,652.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,397.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028525 MORTGAGORS: WILDS WILLIAM
WILDS ANN
REGION CODE ADDRESS : 2054 CIRCLE DRIVE
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 340,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,259.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,439.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.27500
----------------------------------------------------------------
0 0031028533 MORTGAGORS: CHEN JASON
CHANG LIN
REGION CODE ADDRESS : 12280 MARLOW AVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 440,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,604.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,235.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99913
----------------------------------------------------------------
0 0031028558 MORTGAGORS: FRAHAM GEORGE
FRAHAM DEBORAH
REGION CODE ADDRESS : 1537 RANCHO HILLS DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 285,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,203.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,873,200.00
P & I AMT: 13,423.55
UPB AMT: 1,871,877.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 296
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031028665 MORTGAGORS: WOOTTON RICHARD
WOOTTON PATRICIA
REGION CODE ADDRESS : 11 OAKWOOD DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 409,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,203.61 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 : 75.00000
----------------------------------------------------------------
0 0031028699 MORTGAGORS: MCKENNA KENT
MCKENNA TRACY
REGION CODE ADDRESS : 2342 W 234TH STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90501
MORTGAGE AMOUNT : 223,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,745.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031028723 MORTGAGORS: DAVIS FALKON
DAVIS MICHELLE
REGION CODE ADDRESS : 33 WESLEY COURT
01 CITY : NEW PROVIDENCE
STATE/ZIP : NJ 07974
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,043.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028731 MORTGAGORS: SAINI AJAY
SAINI MINA
REGION CODE ADDRESS : 250 STRATFORD ROAD
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,810.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031028756 MORTGAGORS: TRAVIS MICHAEL
BERNIER RENEE
REGION CODE ADDRESS : 40160 ROSEBUD LANE
01 CITY : LEONARDTOWN
STATE/ZIP : MD 20650
MORTGAGE AMOUNT : 328,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,472.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,464,550.00
P & I AMT: 10,491.44
UPB AMT: 1,463,276.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 297
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031028780 MORTGAGORS: ROBERTS BRUCE
REGION CODE ADDRESS : 5725 LAKEFRONT DRIVE
01 CITY : SHREVEPORT
STATE/ZIP : LA 71119
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,523.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028814 MORTGAGORS: DEEB J
DEEB JEAN
REGION CODE ADDRESS : 17 LAMBERT DRIVE
01 CITY : TOWNSHIP OF SPARTA
STATE/ZIP : NJ 07871
MORTGAGE AMOUNT : 250,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,171.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 65.74800
----------------------------------------------------------------
0 0031028830 MORTGAGORS: SCHADLER EDWARD
SCHADLER DEIRDRE
REGION CODE ADDRESS : 125 SHADE STREET
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028848 MORTGAGORS: COMFORT HARTLEY
REGION CODE ADDRESS : 247 DAULTON PLACE
01 CITY : TOWN & COUNTRY
STATE/ZIP : MO 63141
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,568.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.39400
----------------------------------------------------------------
0 0031028871 MORTGAGORS: HICKEY JOHN
REGION CODE ADDRESS : 1636 PAMELA LANE
01 CITY : MENDOTA HEIGHTS
STATE/ZIP : MN 55118
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,752.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,546,900.00
P & I AMT: 11,065.97
UPB AMT: 1,545,257.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 298
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031028905 MORTGAGORS: VASKS ROBERT
VASKS DIANE
REGION CODE ADDRESS : 14207 SW KOVEN COURT
01 CITY : TIGARD
STATE/ZIP : OR 97223
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028921 MORTGAGORS: ELIE JAMES
ELIE JULIE
REGION CODE ADDRESS : 3312 MISTY COVE CIRCLE
01 CITY : BALDWINSVILLE
STATE/ZIP : NY 13027
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031028947 MORTGAGORS: SPROULL DOUGLAS
SPROULL HELEN
REGION CODE ADDRESS : 9041 HAVERFORD TERRACE LANE
01 CITY : ST LOUIS
STATE/ZIP : MO 63117
MORTGAGE AMOUNT : 376,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,453.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 55.39700
----------------------------------------------------------------
0 0031028954 MORTGAGORS: FOOTE SCOTT
RAMON-FOOTE ANA
REGION CODE ADDRESS : 7 RAINBOW CIRCLE
01 CITY : EASTON
STATE/ZIP : MA 02356
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,097.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.50900
----------------------------------------------------------------
0 0031028970 MORTGAGORS: IWAMOTO GARY
IWAMOTO PAMELA
REGION CODE ADDRESS : 6608 PADDINGTON CT
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87111
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,797.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,570,700.00
P & I AMT: 11,302.91
UPB AMT: 1,569,398.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 299
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031028988 MORTGAGORS: JONES WILLIAM
JONES DONNA
REGION CODE ADDRESS : 7026 DESCO DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75225
MORTGAGE AMOUNT : 315,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,971.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028996 MORTGAGORS: CARDENAS ARNOLD
REGION CODE ADDRESS : 2 FAWN WAY
01 CITY : UNION TOWNSHIP
STATE/ZIP : NJ 08802
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 : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031029002 MORTGAGORS: MCHALE JOHN
MCHALE DONNA
REGION CODE ADDRESS : 1225 LINDWOOD DR NE
01 CITY : ALBANY
STATE/ZIP : OR 97321
MORTGAGE AMOUNT : 224,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,933.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,566.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
0 0031029028 MORTGAGORS: KEITH WARREN
KEITH DEBRA
REGION CODE ADDRESS : 5320 NW 60TH STREET
01 CITY : KANSAS CITY
STATE/ZIP : MO 64151
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0031029036 MORTGAGORS: BILCHIK RONALD
BILCHIK SHARLA
REGION CODE ADDRESS : 2306 LELAND RIDGE WALK
01 CITY : ST. LOUIS
STATE/ZIP : MO 63131
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,564,300.00
P & I AMT: 11,264.66
UPB AMT: 1,563,051.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 300
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031029044 MORTGAGORS: WALKER ROBERT
DELRAE JAMES
REGION CODE ADDRESS : 135 E. MISSOURI AVENUE
01 CITY : PHOENIX
STATE/ZIP : AZ 85012
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031029077 MORTGAGORS: JONES CHARLES
JONES GLENDA
REGION CODE ADDRESS : 5049 ALEJO ST
01 CITY : SAN DIEGO
STATE/ZIP : CA 92124
MORTGAGE AMOUNT : 251,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,726.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99364
----------------------------------------------------------------
0 0031029093 MORTGAGORS: BOYERT BRAD
BOYERT TAMERA
REGION CODE ADDRESS : 279 DEVONSHIRE BLVD
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 330,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,272.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,396.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 50.84615
----------------------------------------------------------------
0 0031029119 MORTGAGORS: LI JOHN
ZHOU WEN
REGION CODE ADDRESS : 1691 DALEHURST AVENUE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,678.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,266.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.85989
----------------------------------------------------------------
0 0031029127 MORTGAGORS: GEROME DANIEL
EARLE-GEROME SUSAN
REGION CODE ADDRESS : 2248 PIONEER DR
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,827.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.83871
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,670,400.00
P & I AMT: 11,977.47
UPB AMT: 1,669,222.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 301
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031029135 MORTGAGORS: KIKKERI SATISH
MUDIGERE SRILAKSHMI
REGION CODE ADDRESS : 3931 LAKERIDGE LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 379,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,225.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,686.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99352
----------------------------------------------------------------
0 0031029150 MORTGAGORS: LABRENZ MARK
LABRENZ CHRISTI
REGION CODE ADDRESS : 41 BROOKSIDE PLACE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,819.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031029184 MORTGAGORS: BAKER JEFFREY
BAKER JULIE
REGION CODE ADDRESS : 2218 121ST AVE S.E.
01 CITY : BELLEVUE
STATE/ZIP : WA 98006
MORTGAGE AMOUNT : 224,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,645.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
0 0031029267 MORTGAGORS: BENDER ROLF
BENDER JULIE
REGION CODE ADDRESS : 4561 ALLA ROAD # 2
01 CITY : LOS ANGELES
STATE/ZIP : CA 90292
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,223.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031029572 MORTGAGORS: SUGARMAN MARC
SUGARMAN DEBORAH
REGION CODE ADDRESS : 78 MANCHESTER DRIVE
01 CITY : BUFFALO GROVE
STATE/ZIP : IL 60089
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.01500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,340,700.00
P & I AMT: 9,611.62
UPB AMT: 1,339,754.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 302
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031029598 MORTGAGORS: AEBERSOLD DENNIS
AEBERSOLD JANE
REGION CODE ADDRESS : 102 MAID MARION
01 CITY : WILLIAMSBURG
STATE/ZIP : VA 23185
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,331.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031029622 MORTGAGORS: BAYER DAVID
BAYER MARLENE
REGION CODE ADDRESS : 1631 WOODFIELD DRIVE
01 CITY : BETHLEHEM
STATE/ZIP : PA 18015
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,188.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031029671 MORTGAGORS: ANDERSON BARRY
ANDERSON LANI
REGION CODE ADDRESS : 5023 WISSIOMING ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 341,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,026.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,533.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031029697 MORTGAGORS: HANLON ADRIENE
HANLON BRIAN
REGION CODE ADDRESS : 1130 RANDOLPH ROAD
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 271,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,555.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031029713 MORTGAGORS: GOLDICH ROBERT
GOLDICH JUDITH
REGION CODE ADDRESS : 5302 LINDSAY STREET
01 CITY : FAIRFAX
STATE/ZIP : VA 22032
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,642.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,329,200.00
P & I AMT: 9,608.84
UPB AMT: 1,327,744.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 303
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031029739 MORTGAGORS: BERKEY DAVID
REGION CODE ADDRESS : 1502 CHELTENHAM COURT EAST
01 CITY : CROWNSVILLE
STATE/ZIP : MD 21032
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 : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.88200
----------------------------------------------------------------
0 0031029754 MORTGAGORS: GOLDSTEIN MICHAEL
BALES SUSAN
REGION CODE ADDRESS : 10116 NEW LONDON DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,124.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,769.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031029762 MORTGAGORS: HAYHURST BRIAN
HAYHURST JOAN
REGION CODE ADDRESS : 2804 BREE HILL ROAD
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,668.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031029788 MORTGAGORS: HOWELL MICHAEL
HOWELL MICHELE
REGION CODE ADDRESS : 12501 THUNDER CHASE DRIVE
01 CITY : RESTON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 237,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,063.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031029796 MORTGAGORS: JONES PETER
JONES MARY
REGION CODE ADDRESS : 270 WEST JOYCE LANE
01 CITY : ARNOLD
STATE/ZIP : MD 21012
MORTGAGE AMOUNT : 429,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,804.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,111.28 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: 1,816,500.00
P & I AMT: 13,184.37
UPB AMT: 1,814,293.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 304
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031029861 MORTGAGORS: SUH PAUL
HSUEH YI-FUH
REGION CODE ADDRESS : 4309 STAMFORD STREET
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
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 : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031029887 MORTGAGORS: CLUTE JEFFREY
CLUTE MARGARET
REGION CODE ADDRESS : 7708 HACKAMORE DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,666.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.17000
----------------------------------------------------------------
0 0031029903 MORTGAGORS: GAUJENIEKS MARTINS
SANTIAGO GAUJENIEKS CHRISTINA
REGION CODE ADDRESS : 58 ROSEDALE AVENUE
01 CITY : WHITE PLAINS
STATE/ZIP : NY 10605
MORTGAGE AMOUNT : 294,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,572.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,215.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0031029937 MORTGAGORS: CHEW JOHN
CHEW JENNIFER
REGION CODE ADDRESS : 603 EASTBROOK ROAD
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,636.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 69.58700
----------------------------------------------------------------
0 0031029945 MORTGAGORS: NAVAS VIRGINIA
HEINE CLINTON
REGION CODE ADDRESS : 10522 BIRNHAM ROAD
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,478.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.10100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,632,950.00
P & I AMT: 11,710.76
UPB AMT: 1,630,974.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 305
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031029978 MORTGAGORS: MORGAN JAMES
MORGAN KERRY
REGION CODE ADDRESS : 2633 MEADOW HALL DRIVE
01 CITY : HERNDON
STATE/ZIP : VA 20171
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031030018 MORTGAGORS: KULKE DEANNE
O'BRIEN PATRICIA
REGION CODE ADDRESS : 860 RIDGEFIELD ROAD
01 CITY : WILTON
STATE/ZIP : CT 06897
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031030059 MORTGAGORS: MOORE DAVID
MOORE ELIZABETH
REGION CODE ADDRESS : 504 TIGARD COURT
01 CITY : STONEY CREEK
STATE/ZIP : NC 27377
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,190.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,565.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031030109 MORTGAGORS: PARE GERARD
PARE ELIZABETH
REGION CODE ADDRESS : 6082 GREEN HAVEN DRIVE
01 CITY : MECHANICSVILLE
STATE/ZIP : VA 23111
MORTGAGE AMOUNT : 221,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,028.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,566.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031030158 MORTGAGORS: PARHAM JAMES
O'BRIEN-PARHAM LORETTA
REGION CODE ADDRESS : 3808 CHESAPEAKE AVENUE
01 CITY : HAMPTON
STATE/ZIP : VA 23669
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,880.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.63 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: 1,423,500.00
P & I AMT: 10,171.71
UPB AMT: 1,421,987.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 306
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031030174 MORTGAGORS: WEADON DONALD
REGION CODE ADDRESS : 3340 N STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,422.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,922.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031030208 MORTGAGORS: SWAUGER LANE
SWAUGER JEANNIE
REGION CODE ADDRESS : 9515 CABBAGE RUN ROAD
01 CITY : FREDERICK
STATE/ZIP : MD 21701
MORTGAGE AMOUNT : 350,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,427.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,574.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031030257 MORTGAGORS: SMITH CYNTHIA
SMITH CATRINA
REGION CODE ADDRESS : 12609 WATER FOWL WAY
01 CITY : UPPER MARLBORO
STATE/ZIP : MD 20772
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,997.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.96200
----------------------------------------------------------------
0 0031030448 MORTGAGORS: MATTHEWS GERALD
MATTHEWS ELLEN
REGION CODE ADDRESS : 22 SYCAMORE LANE
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 389,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,299.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,754.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031030497 MORTGAGORS: FALSONE ROBERT
FALSONE ROBIN
REGION CODE ADDRESS : 43999 COBHAM COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 282,902.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,692.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.38900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,685,452.00
P & I AMT: 12,119.89
UPB AMT: 1,682,838.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 307
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031030521 MORTGAGORS: MORRIS SCOT
MORRIS JANET
REGION CODE ADDRESS : 110 79TH STREET
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23451
MORTGAGE AMOUNT : 269,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,737.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031030554 MORTGAGORS: HOOD SAMUEL
REGION CODE ADDRESS : 716 OAKLINE CIRCLE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35244
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.96100
----------------------------------------------------------------
0 0031030612 MORTGAGORS: OHPRECIO NELSON
OHPRECIO MARIBETH
REGION CODE ADDRESS : 6 DON CARLOS COURT
01 CITY : HANOVER PARK
STATE/ZIP : IL 60103
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031030638 MORTGAGORS: CROWLEY THOMAS
CROWLEY PAMELA
REGION CODE ADDRESS : 1615 FROST LANE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60564
MORTGAGE AMOUNT : 221,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,540.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,584.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031030646 MORTGAGORS: JOHNSON LINDA
REGION CODE ADDRESS : 13575 HARWELL PATH
01 CITY : APPLE VALLEY
STATE/ZIP : MN 55124
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,265,800.00
P & I AMT: 9,196.88
UPB AMT: 1,264,247.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 308
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031030687 MORTGAGORS: VAN THIEL DAVID
REGION CODE ADDRESS : 1025 N EAST AVENUE
01 CITY : OAK PARK
STATE/ZIP : IL 60302
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,383.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,357.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.85400
----------------------------------------------------------------
0 0031030737 MORTGAGORS: GARDNER KEITH
REGION CODE ADDRESS : 15407 SNOWHILL LANE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,817.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031030760 MORTGAGORS: HENJUM KENNETH
HENJUM BETH
REGION CODE ADDRESS : 12722 DOVER DRIVE
01 CITY : APPLE VALLEY
STATE/ZIP : MN 55124
MORTGAGE AMOUNT : 249,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,036.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,850.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 60.78000
----------------------------------------------------------------
0 0031030778 MORTGAGORS: LUTRICK JOHNNY
LUTRICK PHYLLISS
REGION CODE ADDRESS : 33 ARAPAHO ROAD
01 CITY : RANSOM CANYON
STATE/ZIP : TX 79366
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,826.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031030869 MORTGAGORS: MACK KEVIN
RIVERO MACK PATRICIA
REGION CODE ADDRESS : 4890 PINE CONE CIRCLE
01 CITY : MIDDLETON
STATE/ZIP : WI 53562
MORTGAGE AMOUNT : 277,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,413.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.94 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: 1,359,000.00
P & I AMT: 9,805.87
UPB AMT: 1,356,478.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 309
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031030901 MORTGAGORS: HLAVAC RANDY
HLAVAC CORINNE
REGION CODE ADDRESS : 2770 SHELLINGHAM
01 CITY : LISLE
STATE/ZIP : IL 60532
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,814.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,108.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031030919 MORTGAGORS: SLATER JERRY
SLATER LAURIE
REGION CODE ADDRESS : 100 EUCALYPTUS KNOLL
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,200.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031030927 MORTGAGORS: NELSON J.
NELSON PEGGY
REGION CODE ADDRESS : 21 SOUTH PEAK
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 572,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 571,616.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,197.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.29411
----------------------------------------------------------------
0 0031030992 MORTGAGORS: JERALDS JAMES
JERALDS MELODY
REGION CODE ADDRESS : 28381 CAMINO DIMORA
01 CITY : SAN JUAN CAPRISTANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,788.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.90300
----------------------------------------------------------------
0 0031031040 MORTGAGORS: CALVERLEY BRIAN
CALVERLEY ELAINE
REGION CODE ADDRESS : 1230 MONICA LANE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 259,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,421.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.38300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,706,000.00
P & I AMT: 12,444.47
UPB AMT: 1,704,840.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 310
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031031099 MORTGAGORS: ROBER DENNIS
ROBER JUDYTH
REGION CODE ADDRESS : 12752 NORTH LAKE SHORE DRIVE
01 CITY : LA SALLE
STATE/ZIP : MI 48145
MORTGAGE AMOUNT : 296,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,046.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031031164 MORTGAGORS: ARANA JAIME
ARANA NANCY
REGION CODE ADDRESS : 4929 RHONDA LANE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,812.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031031230 MORTGAGORS: DE LONG RICHARD
DE LONG MICHELLE
REGION CODE ADDRESS : 6308 FELDER DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,838.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.33333
----------------------------------------------------------------
0 0031031248 MORTGAGORS: STROUP PHILIP
REGION CODE ADDRESS : 6154 HUNTER LANE
01 CITY : MATTHEWS
STATE/ZIP : NC 28105
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.08600
----------------------------------------------------------------
0 0031031370 MORTGAGORS: COLUMBRO KEVIN
COLUMBRO LORI
REGION CODE ADDRESS : 3310 145TH PLACE SE
01 CITY : MILL CREEK
STATE/ZIP : WA 98012
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.62800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,272,250.00
P & I AMT: 9,188.80
UPB AMT: 1,271,366.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 311
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031031578 MORTGAGORS: DICKSON RICHARD
DICKSON LILLIAN
REGION CODE ADDRESS : 160 POLSON ROAD
01 CITY : NAPA
STATE/ZIP : CA 94558
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 25.69373
----------------------------------------------------------------
0 0031031727 MORTGAGORS: BRODERICK IAN
BRODERICK LAURIE
REGION CODE ADDRESS : 34 AMMERMAN WAY
01 CITY : CHESTER BORO
STATE/ZIP : NJ 07930
MORTGAGE AMOUNT : 367,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,005.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,696.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.89100
----------------------------------------------------------------
0 0031031735 MORTGAGORS: DEMAGHT JOHN
DEMAGHT CYNTHIA
REGION CODE ADDRESS : 117 PEACHTREE
01 CITY : WILLIAMSBURG
STATE/ZIP : VA 23188
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 : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 75.90300
----------------------------------------------------------------
0 0031031974 MORTGAGORS: KRAFT DAVID
KRAFT PAULA
REGION CODE ADDRESS : 1016 TROUT LILLY LANE
01 CITY : DARIEN
STATE/ZIP : IL 60561
MORTGAGE AMOUNT : 228,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,638.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031031982 MORTGAGORS: BENARD RICHARD
BENARD MARY
REGION CODE ADDRESS : 1665 LOS ALTOS ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,805.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.26027
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,380,300.00
P & I AMT: 9,997.26
UPB AMT: 1,379,099.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 312
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031032022 MORTGAGORS: KHADLOYA KRISHNA
KHADLOYA SANDHYA
REGION CODE ADDRESS : 7118 HEARTLAND WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 318,903.50 OPTION TO CONVERT :
UNPAID BALANCE : 318,689.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,340.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 63.78000
----------------------------------------------------------------
0 0031032097 MORTGAGORS: DUFFNER GREGORY
MCGRATH ROSEMARY
REGION CODE ADDRESS : 219 SHERLOCK
01 CITY : FRANKFORT
STATE/ZIP : IL 60423
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,638.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031032105 MORTGAGORS: ELLIOTT GERALD
ELLIOTT DELORES
REGION CODE ADDRESS : 10104 CHARLOT COURT
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031032154 MORTGAGORS: HOUCK KEVIN
HOUCK ANGELA
REGION CODE ADDRESS : 5805 FURNACE BROOK DRIVE
01 CITY : ELDERSBURG
STATE/ZIP : MD 21784
MORTGAGE AMOUNT : 230,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,179.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,610.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.73600
----------------------------------------------------------------
0 0031032501 MORTGAGORS: BENNETT MICHAEL
BENNETT PATRICIA
REGION CODE ADDRESS : 12042 HUNTING CREST DRIVE
01 CITY : PROSPECT
STATE/ZIP : KY 40059
MORTGAGE AMOUNT : 441,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,296.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,201.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,590,903.50
P & I AMT: 11,451.39
UPB AMT: 1,589,633.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 313
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031032527 MORTGAGORS: BAILOR JAMES
BAILOR VERONICA
REGION CODE ADDRESS : 12054 BRIDLE POST PL
01 CITY : MANASSAS
STATE/ZIP : VA 20112
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,938.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,064.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031032568 MORTGAGORS: GURNEY DARIN
GURNEY JILL
REGION CODE ADDRESS : 1581 E. 800 SOUTH
01 CITY : PROVO
STATE/ZIP : UT 84606
MORTGAGE AMOUNT : 225,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,348.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0031032709 MORTGAGORS: LAU SUN
YU KATHERINE
REGION CODE ADDRESS : 259 VETERAN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 484,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,640.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,384.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031032758 MORTGAGORS: GILNER PAUL
GILNER STACY
REGION CODE ADDRESS : 5015 STILLWATER TERRACE
01 CITY : COOPER CITY
STATE/ZIP : FL 33330
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,210.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,857.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031032766 MORTGAGORS: EFRON MILES
EFRON LEATRICE
REGION CODE ADDRESS : 25491 RAPID FALLS ROAD
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 565,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 564,620.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,145.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.85600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,832,100.00
P & I AMT: 13,105.95
UPB AMT: 1,830,758.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 314
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031032774 MORTGAGORS: SHULTZ AL
SHULTZ ANNE
REGION CODE ADDRESS : 1422 SELBORN PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95126
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.77000
----------------------------------------------------------------
0 0031032865 MORTGAGORS: DUGGAN DANIEL
DUGGAN CHRISTINA
REGION CODE ADDRESS : 1014 WESTRIDGE AVENUE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 383,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,635.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,783.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031032873 MORTGAGORS: MARTINEZ PATRICIA
MARTINEZ DAVID
REGION CODE ADDRESS : 9990 CHESTNUT LANE
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,844.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,759.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
0 0031032899 MORTGAGORS: ABBOTT GEORGE
ABBOTT MARION
REGION CODE ADDRESS : 2716 JACQUELINE COURT
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,586.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031032923 MORTGAGORS: CHEW IRENE
VAN DE POL CORINA
REGION CODE ADDRESS : 45 LENOX ROAD
01 CITY : KENSINGTON
STATE/ZIP : CA 94707
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,598,650.00
P & I AMT: 11,590.28
UPB AMT: 1,597,549.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 315
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031033145 MORTGAGORS: BERE JASON
BERE DINELLE
REGION CODE ADDRESS : 161 WEYLAND CIRCLE
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.84600
----------------------------------------------------------------
0 0031033152 MORTGAGORS: VIERECK ALEXANDER
VIERECK TRACY
REGION CODE ADDRESS : 5257 PAXTON COURT
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,853.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031033392 MORTGAGORS: PERFETTO SYLVIA
FARINATI DAVIDE
REGION CODE ADDRESS : 156 BELGIAN DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 223,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,042.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031033426 MORTGAGORS: ESTES CHRISTOPHER
ESTES CATHERINE
REGION CODE ADDRESS : 4053 SYRACUSE AVENUE
01 CITY : ACTON
STATE/ZIP : CA 93510
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,836.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031033459 MORTGAGORS: THAYER SCOTT
GAVIN PAULA
REGION CODE ADDRESS : 1516 SEACREST DRIVE
01 CITY : CORONA DEL MAR
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.36500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,349,700.00
P & I AMT: 9,795.48
UPB AMT: 1,348,771.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 316
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031033483 MORTGAGORS: GALLAGHER DAVID
GALLAGHER JENNIFER
REGION CODE ADDRESS : 2565 SHIRLAND TRACT ROAD
01 CITY : AUBURN
STATE/ZIP : CA 95603
MORTGAGE AMOUNT : 231,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,140.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031033517 MORTGAGORS: KNICKELBEIN AUGUST
KNICKELBEIN ANN
REGION CODE ADDRESS : 108 TECEIRA WAY
01 CITY : FOLSOM
STATE/ZIP : CA 95630
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.28900
----------------------------------------------------------------
0 0031033780 MORTGAGORS: HICKS LOREN
REGION CODE ADDRESS : 41 SAINT RAPHAEL
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,700.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,824.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031033798 MORTGAGORS: SHUBITOWSKI JOSEPH
SHUBITOWSKI JACQUELINE
REGION CODE ADDRESS : 3749 LIMESTONE PLACE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,992.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031033806 MORTGAGORS: GOGARTY SEAN
GOGARTY MARGARET
REGION CODE ADDRESS : 1285 CORTEZ AVE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 530,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 529,635.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,842.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.25000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,676,500.00
P & I AMT: 12,001.73
UPB AMT: 1,675,314.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 317
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031034135 MORTGAGORS: BALDWIN MARILYN
REGION CODE ADDRESS : 15001 HIGHWAY 4
01 CITY : BYRON
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 39.06200
----------------------------------------------------------------
0 0031034192 MORTGAGORS: WATSON JAMES
WATSON LORENE
REGION CODE ADDRESS : 1885 EAGLE PEAK AVE
01 CITY : CLAYTON
STATE/ZIP : CA 84517
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,827.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,028.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.26000
----------------------------------------------------------------
0 0031034218 MORTGAGORS: PASCUCCI THOMAS
BARKER PETER
REGION CODE ADDRESS : 10016 BALBOA BOULEVARD
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,852.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031034572 MORTGAGORS: BRASCHI TERRY
BRASCHI WANDA
REGION CODE ADDRESS : 315 ISBEL DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 298,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,304.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,216.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 72.80487
----------------------------------------------------------------
0 0031034580 MORTGAGORS: HIGGINS PAMELA
REGION CODE ADDRESS : 2077 MONTICELLO ROAD
01 CITY : NAPA
STATE/ZIP : CA 94558
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,303,500.00
P & I AMT: 9,591.61
UPB AMT: 1,302,630.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 318
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031034598 MORTGAGORS: BOBBETT-DOEHRMANN CAROLINE
DOEHRMANN GARY
REGION CODE ADDRESS : 10115 HAVEN STREET
01 CITY : LAS VEGAS
STATE/ZIP : NV 89123
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,799.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.95100
----------------------------------------------------------------
0 0031034614 MORTGAGORS: TORRES TRACY
TORRES KAREN
REGION CODE ADDRESS : 358 HORNEBLEND COURT
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 297,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,129.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,079.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031034622 MORTGAGORS: ALEX POLACHIRACKAL
ALEX SUMANA
REGION CODE ADDRESS : 9704 CLAGETT FARM DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,628.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.66500
----------------------------------------------------------------
0 0031034754 MORTGAGORS: HILL JEFFREY
HILL BIRGITTA
REGION CODE ADDRESS : 702 MCCORKLE AVENUE
01 CITY : ST. HELENA
STATE/ZIP : CA 94574
MORTGAGE AMOUNT : 390,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,117.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,763.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031034796 MORTGAGORS: NIEWOEHNER JOHN
NIEWOEHNER DEBRA
REGION CODE ADDRESS : 3206 WOODCREST DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 233,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,326.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,632.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.97264
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,713,250.00
P & I AMT: 12,088.29
UPB AMT: 1,712,001.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 319
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031034838 MORTGAGORS: WONG DAVID
WONG CHERYL
REGION CODE ADDRESS : 979 CAYUSE ROAD
01 CITY : PEBBLE BEACH
STATE/ZIP : CA 93953
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,767.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031035009 MORTGAGORS: RUSSELL CHRIS
RUSSELL NADILEE
REGION CODE ADDRESS : 3750 RANCH TOP ROAD
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 310,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,575.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,199.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031035082 MORTGAGORS: MANEY G
MANEY DORIS
REGION CODE ADDRESS : 2811 WOODS ESTATES DRIVE
01 CITY : KINGWOOD
STATE/ZIP : TX 77339
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031035140 MORTGAGORS: CHUNG JOSEPH
REGION CODE ADDRESS : 1417 LOGANRITA AVENUE
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 234,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,134.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99645
----------------------------------------------------------------
0 0031035173 MORTGAGORS: HEATH H.
HEATH CINDI
REGION CODE ADDRESS : 9274 CALLE DEL RAY
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,344.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,368,600.00
P & I AMT: 9,862.16
UPB AMT: 1,367,645.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 320
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031035199 MORTGAGORS: APPEL-OUDENAAR LEANNE
OUDENAAR FRANS
REGION CODE ADDRESS : 6644 RANDIWOOD LANE
01 CITY : WEST HILLS
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,824.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.50000
----------------------------------------------------------------
0 0031035256 MORTGAGORS: DEVERE ALAN
DEVERE REKARDA
REGION CODE ADDRESS : 5576 CHELSEA AVENUE
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,760.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031035322 MORTGAGORS: LEE ANDREW
PHAM JENNIFER
REGION CODE ADDRESS : 27 LUCERO EAST
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 235,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,149.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.98088
----------------------------------------------------------------
0 0031035348 MORTGAGORS: KIM BENJAMIN
KIM JANICE
REGION CODE ADDRESS : 27122 GRAYSLAKE ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,800.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.71800
----------------------------------------------------------------
0 0031035413 MORTGAGORS: JOHNSON DEREK
IBA LYNN
REGION CODE ADDRESS : 1400 SANTANELLA TERRACE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,691.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,504.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,573,300.00
P & I AMT: 11,455.52
UPB AMT: 1,572,225.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 321
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031035793 MORTGAGORS: MITCHEM GARY
REGION CODE ADDRESS : 50 RAINBOW BRIDGE WAY
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 310,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,169.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,170.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031035827 MORTGAGORS: ILLOUZ JACK
ILLOUZ ALICE
REGION CODE ADDRESS : 124 EAST COURT LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.56250
----------------------------------------------------------------
0 0031035884 MORTGAGORS: WOLF ROBERT
WOLF DIANE
REGION CODE ADDRESS : 21628 N. 58TH AVENUE
01 CITY : GLENDALE
STATE/ZIP : AZ 85308
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,805.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.23000
----------------------------------------------------------------
0 0031035918 MORTGAGORS: QUAIL ROBERT
REGION CODE ADDRESS : 551 IRWIN LANE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95401
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,777.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031035934 MORTGAGORS: BRUNO CATHERINE
BRUNO ANDREW
REGION CODE ADDRESS : 1542 MONTEVAL LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 393,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,722.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,815.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.87800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,546,400.00
P & I AMT: 11,006.88
UPB AMT: 1,545,292.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 322
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031035942 MORTGAGORS: EICH CHRISTOPHER
EICH ELENA
REGION CODE ADDRESS : 4377 HESSEL CT
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 223,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,038.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,579.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031035967 MORTGAGORS: SKAVDAL IVER
SKAVDAL CYNTHIA
REGION CODE ADDRESS : 3760 HARRISON GRADE ROAD
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.97260
----------------------------------------------------------------
0 0031036189 MORTGAGORS: ROBISON GREGORY
ROBISON CHERYLE
REGION CODE ADDRESS : 18634 FOGGY BOTTOM ROAD
01 CITY : BLUEMONT
STATE/ZIP : VA 20135
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,845.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031038128 MORTGAGORS: SHELTON EARL
SHELTON EMMA
REGION CODE ADDRESS : 680 LEMON STREET
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 478,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 477,654.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,383.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.73300
----------------------------------------------------------------
0 0031038136 MORTGAGORS: HAMPTON GEORGE
HAMPTON MARA
REGION CODE ADDRESS : 2315 ALTA VISTA DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 437,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,875.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,056.97 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: 1,656,400.00
P & I AMT: 11,816.05
UPB AMT: 1,655,218.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 323
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031038169 MORTGAGORS: KHOYLOU GHOLAMREZA
HOSEINI MEHRY
REGION CODE ADDRESS : 4556 WINNETKA AVENUE
01 CITY : WOODLAND HILLS AREA,LOS A
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 370,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,145.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,685.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031039639 MORTGAGORS: DORSETT RICHARD
DORSETT MARGARET
REGION CODE ADDRESS : 540 S CYPRESS AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,844.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.81400
----------------------------------------------------------------
0 0031039662 MORTGAGORS: GREENBERG JEFFREY
GREENBERG JANET
REGION CODE ADDRESS : 7 VETRINA
01 CITY : IRVINE
STATE/ZIP : CA 92714
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.95400
----------------------------------------------------------------
0 0031039928 MORTGAGORS: TENNEY JAMES
TENNEY JANE
REGION CODE ADDRESS : 7220 DURANGO STREET
01 CITY : LAS VEGAS
STATE/ZIP : NV 89120
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,621.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,987.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.11100
----------------------------------------------------------------
0 0031040124 MORTGAGORS: SUTTON JANICE
REGION CODE ADDRESS : 1014 LIDO LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,998.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,768,600.00
P & I AMT: 12,837.91
UPB AMT: 1,767,610.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 324
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031040157 MORTGAGORS: SOTTILE TIMOTHY
SOTTILE ISABELLE
REGION CODE ADDRESS : 1654 SOUTH BERWICK PLACE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91361
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031040173 MORTGAGORS: HOLDEN JEFFREY
HOLDEN PATRICIA
REGION CODE ADDRESS : 2339 HERITAGE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,000.00 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 0031040181 MORTGAGORS: KANAGAKI DONN
KANAGAKI CYNTHIA
REGION CODE ADDRESS : 2340 DONOHUE PLACE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.29114
----------------------------------------------------------------
0 0031041049 MORTGAGORS: DAVIDSON KENNETH
DAVIDSON KAREN
REGION CODE ADDRESS : 5270 PASEO PANORAMA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 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 0031041056 MORTGAGORS: DE LOS RIOS CARLOS
DUONG THANH-MY
REGION CODE ADDRESS : 960 CHALET CIRCLE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,249.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.47541
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,524,400.00
P & I AMT: 10,988.22
UPB AMT: 1,524,079.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 325
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031041064 MORTGAGORS: SCHOONMAKER STEVEN
SCHOONMAKER CONSTANCE
REGION CODE ADDRESS : 1052 CAMELLIA COURT
01 CITY : MINDEN
STATE/ZIP : NV 89423
MORTGAGE AMOUNT : 227,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,443.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.88679
----------------------------------------------------------------
0 0031041171 MORTGAGORS: ANDERSEN DAVID
ANDERSEN ANNIE
REGION CODE ADDRESS : 520 PASEO ROSAL
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031041189 MORTGAGORS: SICHON SANDRA
RAMAYLA ROCKY
REGION CODE ADDRESS : 71 SANDPOINT DRIVE
01 CITY : RICHMOND
STATE/ZIP : CA 94804
MORTGAGE AMOUNT : 224,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
0 0031041213 MORTGAGORS: GOODRUM DARVIN
GOODRUM NICOLE
REGION CODE ADDRESS : 2013 TURNBERRY COURT
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,806.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041239 MORTGAGORS: KELLY ROBERT
KELLY ROSELLEN
REGION CODE ADDRESS : 780 BONNIE BRAE BOULEVARD
01 CITY : DENVER
STATE/ZIP : CO 80209
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,836.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 64.55026
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,250,050.00
P & I AMT: 9,152.63
UPB AMT: 1,249,536.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 326
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031041395 MORTGAGORS: PLAVAN MATTHEW
PLAVAN ROXANNE
REGION CODE ADDRESS : 1075 SOUTH PITKIN AVENUE
01 CITY : SUPERIOR
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,818.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,914.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041437 MORTGAGORS: PINTCHOVSKI FAIVEL
PINTCHOVSKI SUSAN
REGION CODE ADDRESS : 5900 DOONE VALLEY COURT
01 CITY : AUSTIN
STATE/ZIP : TX 78731
MORTGAGE AMOUNT : 235,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,329.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.46100
----------------------------------------------------------------
0 0031041445 MORTGAGORS: PEARSON DAVID
PEARSON VALERIE
REGION CODE ADDRESS : 2218 BAY POINTE DRIVE
01 CITY : HIXSON
STATE/ZIP : TN 37343
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041452 MORTGAGORS: JESULAITIS DAVID
JESULAITIS KRISTEN
REGION CODE ADDRESS : 2411 REBA DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77019
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,783.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.84210
----------------------------------------------------------------
0 0031042583 MORTGAGORS: BRINDLE R.
BRINDLE CHRISTINE
REGION CODE ADDRESS : 3 PENDERGRASS COURT
01 CITY : HILTON HEAD
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,328.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,949.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,298,000.00
P & I AMT: 9,277.90
UPB AMT: 1,297,259.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 327
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031042609 MORTGAGORS: BUTLER WILLIAM
REGION CODE ADDRESS : 498 CAISSON RD.
01 CITY : FREDERICKSBURG
STATE/ZIP : VA 22405
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,758.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.49000
----------------------------------------------------------------
0 0031042633 MORTGAGORS: YOUMANS ROCCO
YOUMANS EVELYN
REGION CODE ADDRESS : 5205 AUDREY DRIVE
01 CITY : CENTREVILLE
STATE/ZIP : VA 22020
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031043177 MORTGAGORS: BONACUM PETER
BONACUM CAROLE
REGION CODE ADDRESS : 4645 FROST LANE
01 CITY : BUCKINGHAM TOWNSHIP
STATE/ZIP : PA 18912
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,607.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 56.20500
----------------------------------------------------------------
0 0031043292 MORTGAGORS: ESTANISLAO CRIS
CAREY JANICE
REGION CODE ADDRESS : 12915 SW 34 PLACE
01 CITY : DAVIE
STATE/ZIP : FL 33330
MORTGAGE AMOUNT : 300,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,305.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,232.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99000
----------------------------------------------------------------
0 0031043300 MORTGAGORS: MOORE WAYNE
MOORE SUSAN
REGION CODE ADDRESS : 96 S. KAINALU DRIVE
01 CITY : KAILUA
STATE/ZIP : HI 96734
MORTGAGE AMOUNT : 357,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,130.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,655.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,470,300.00
P & I AMT: 10,737.56
UPB AMT: 1,467,649.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG0004970930 00 01
PAGE: 328
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031045123 MORTGAGORS: MEDOVARSKY JOHN
SHERMAN ANNE
REGION CODE ADDRESS : 965 SOUTH SHORE BLVD
01 CITY : LAKE OSWEGO
STATE/ZIP : OR 97034
MORTGAGE AMOUNT : 216,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,703.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,570.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031046063 MORTGAGORS: GARGIULO JOHN
GARGIULO NANCY
REGION CODE ADDRESS : 11 CANTERBURY LANE
01 CITY : DENVILLE TOWNSHIP
STATE/ZIP : NJ 07834
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 : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.32400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 2
LOAN AMT: 616,550.00
P & I AMT: 4,435.79
UPB AMT: 615,136.77
0 TOTAL NUM OF LOANS: 1637
LOAN AMT: 502,039,895.77
P & I AMT: 3,636,275.20
UPB AMT: 501,157,486.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007570096 MORTGAGORS: BATUURE ABEL
BATUURE MARY
REGION CODE ADDRESS : 912 HIGH STEPPER TRAIL
00 CITY : SYKESVILLE
STATE/ZIP : MD 21784
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,000.00 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 : 64.69500
----------------------------------------------------------------
0 0007599384 MORTGAGORS: GRAPSTEIN STEVEN
GRAPSTEIN BARBARA
REGION CODE ADDRESS : 10 PHEASANT HILL
00 CITY : OLD BROOKVILLE
STATE/ZIP : NY 11545
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 52.63157
----------------------------------------------------------------
0 0007606916 MORTGAGORS: NEVE TREVOR
NEVE DEBORAH
REGION CODE ADDRESS : UNIT #611, 1099 22ND STREET NW
00 CITY : WASHINGTON
STATE/ZIP : DC 20037
MORTGAGE AMOUNT : 222,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,539.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.86206
----------------------------------------------------------------
0 0007609944 MORTGAGORS: MELVILLE DIAMOND
STEININGER SCOTT
REGION CODE ADDRESS : 16040 BONNIEBANK TERRACE
00 CITY : GERMANTOWN
STATE/ZIP : MD 20874
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 81.42800
----------------------------------------------------------------
0 0007611825 MORTGAGORS: THOMPSON WILLIAM
THOMPSON TERESA
REGION CODE ADDRESS : 1515 GRAY ROCK PLACE N.E.
00 CITY : ALBUQUERQUE
STATE/ZIP : NM 87112
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.06266
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,598,900.00
P & I AMT: 11,302.98
UPB AMT: 1,598,900.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007613136 MORTGAGORS: EYRE BILL
EYRE WANDA
REGION CODE ADDRESS : 5932 25TH AVENUE WEST
00 CITY : EVERETT
STATE/ZIP : WA 98203
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.28800
----------------------------------------------------------------
0 0007613664 MORTGAGORS: KOVALESKI MICHAEL
KOVALESKI STEPHANIE
REGION CODE ADDRESS : 8829 ANCHOR BAY COURT
00 CITY : INDIANAPOLIS
STATE/ZIP : IN 46236
MORTGAGE AMOUNT : 220,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,560.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007614019 MORTGAGORS: SCHEFFLER ARTHUR
SCHEFFLER JUDITH
REGION CODE ADDRESS : 12 DOGWOOD DRIVE
00 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 370,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,622.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.33300
----------------------------------------------------------------
0 0007615420 MORTGAGORS: JOHNSON LEONARD
JOHNSON CECELIA
REGION CODE ADDRESS : 2300 HALLS GROVE ROAD
00 CITY : GAMBRILLS
STATE/ZIP : MD 21054
MORTGAGE AMOUNT : 221,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,568.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.09333
----------------------------------------------------------------
0 0007615446 MORTGAGORS: BIGDELI FARID
BIGDELI AZADEH
REGION CODE ADDRESS : 13111 WEATHERED OAK COURT
00 CITY : HERNDON
STATE/ZIP : VA 22071
MORTGAGE AMOUNT : 288,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.47200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,382,650.00
P & I AMT: 9,617.39
UPB AMT: 1,382,650.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007615834 MORTGAGORS: O'ROURKE DENNIS
O'ROURKE BRENDA
REGION CODE ADDRESS : 50 BAILEY ROAD
00 CITY : FAIRFIELD
STATE/ZIP : CT 06432
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007618002 MORTGAGORS: BRADDISH KEVIN
BRADDISH BARBARA
REGION CODE ADDRESS : 207 WEST ISLIP ROAD
00 CITY : ISLIP
STATE/ZIP : NY 11795
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 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 0007622707 MORTGAGORS: KALWARSKI EUGENE
KALWARSKI KAREN
REGION CODE ADDRESS : 18646 WOODBURN ROAD
00 CITY : LEESBURG
STATE/ZIP : VA 22075
MORTGAGE AMOUNT : 640,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 640,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,585.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007623440 MORTGAGORS: CAMPBELL BRUCE
CAMPBELL CANNON
REGION CODE ADDRESS : 2 VINE PL
00 CITY : LARCHMONT
STATE/ZIP : NY 10538
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 30.04807
----------------------------------------------------------------
0 0007625437 MORTGAGORS: DESIMONE RAYMOND
DESIMONE DONNA
REGION CODE ADDRESS : 466 PINEVILLE ROAD
00 CITY : UPPER MAKEFIELD
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,696.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/22
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.13857
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,767,000.00
P & I AMT: 12,627.32
UPB AMT: 1,767,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007625957 MORTGAGORS: HOPPE MICHAEL
REGION CODE ADDRESS : 6265 NORTH JOCHUMS DRIVE
00 CITY : TUCSON
STATE/ZIP : AZ 85718
MORTGAGE AMOUNT : 317,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,274.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.50602
----------------------------------------------------------------
0 0007626385 MORTGAGORS: FERRARI JOHN
FERRARI JACQUELYN
REGION CODE ADDRESS : 5978 HONEY HOLLOW ROAD
00 CITY : SOLEBURY
STATE/ZIP : PA 18931
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 48.02600
----------------------------------------------------------------
0 0007626450 MORTGAGORS: KLEINMAN THEODORE
KLEINMAN HAN
REGION CODE ADDRESS : 6645 W BURNSIDE ROAD UNIT 545
00 CITY : PORTLAND
STATE/ZIP : OR 97210
MORTGAGE AMOUNT : 151,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 151,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,084.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.99500
----------------------------------------------------------------
0 0007626799 MORTGAGORS: SMITH STUART
SMITH DEBORAH
REGION CODE ADDRESS : 29 COOLIDGE STREET
00 CITY : SHERBORN
STATE/ZIP : MA 01770
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.23200
----------------------------------------------------------------
0 0007627276 MORTGAGORS: DORSEY ANNE
REGION CODE ADDRESS : 1230 GLENDEVEN COURT, N. W.
00 CITY : ATLANTA
STATE/ZIP : GA 30318
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,318,900.00
P & I AMT: 9,420.44
UPB AMT: 1,318,900.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007628795 MORTGAGORS: ARZONETTI GENE
ARZONETTI JULIE
REGION CODE ADDRESS : 29025 BEESLACK LANE
00 CITY : TELLURIDE
STATE/ZIP : CO 81435
MORTGAGE AMOUNT : 249,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.42100
----------------------------------------------------------------
0 0007631146 MORTGAGORS: PLOTKIN CRAIG
GEVLIN KATHLEEN
REGION CODE ADDRESS : 253 PALISADES AVENUE
01 CITY : DOBBS FERRY
STATE/ZIP : NY 10522
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,536.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,143.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 65.53100
----------------------------------------------------------------
0 0007631179 MORTGAGORS: MC LAFFERTY MICHAEL
MC LAFFERTY COLLEEN
REGION CODE ADDRESS : 25 BOWAY RD
01 CITY : SOUTH SALEM
STATE/ZIP : NY 10590
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,403.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,226.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631195 MORTGAGORS: KIM BRIAN
KIM WAN
REGION CODE ADDRESS : 11231 BENT PINE DRIVE
01 CITY : FORT MYERS
STATE/ZIP : FL 33913
MORTGAGE AMOUNT : 240,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,475.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,766.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0007631237 MORTGAGORS: WIRCHANSKE PETER
WIRCHANSKE CELESTE
REGION CODE ADDRESS : 171 SHORES DR
01 CITY : INDIAN RIVER SHORES
STATE/ZIP : FL 32963
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,606.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 53.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,381,950.00
P & I AMT: 9,767.39
UPB AMT: 1,380,172.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007631252 MORTGAGORS: WARDLE EDWARD
WARDLE STACY
REGION CODE ADDRESS : 120 MIDGELY DRIVE
01 CITY : HEWLETT
STATE/ZIP : NY 11557
MORTGAGE AMOUNT : 130,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 129,824.96 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 : 55.31900
----------------------------------------------------------------
0 0007631260 MORTGAGORS: LAWRENCE SCOTT
LAWRENCE MARCIA
REGION CODE ADDRESS : 33 CRAGMERE OVAL
01 CITY : NEW CITY
STATE/ZIP : NY 10956
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,670.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.10000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.10000 PRODUCT CODE : 002
LTV : 65.78900
----------------------------------------------------------------
0 0007631302 MORTGAGORS: LUCKMAN ALLAN
LUCKMAN SUSAN
REGION CODE ADDRESS : 25 HEMLOCK LANE
01 CITY : ROSLYN HEIGHTS
STATE/ZIP : NY 11577
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,560.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,432.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.05000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.05000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007631310 MORTGAGORS: HAWLEY ROBERT
PATRICK HOLLY
REGION CODE ADDRESS : 462 OCEAN DR W
01 CITY : STAMFORD
STATE/ZIP : CT 06902
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,653.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,651.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 44.33900
----------------------------------------------------------------
0 0007631328 MORTGAGORS: KARELIS RICHARD
KARELIS LISA
REGION CODE ADDRESS : 4 TOBI LANE
01 CITY : EAST SETAUKET
STATE/ZIP : NY 11733
MORTGAGE AMOUNT : 138,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 138,511.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,012.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 74.97200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,083,700.00
P & I AMT: 7,902.83
UPB AMT: 1,082,220.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007631336 MORTGAGORS: O'NEIL MICHAEL
O'NEIL MARGARET
REGION CODE ADDRESS : 618 NORTH EAST AVENUE
01 CITY : OAK PARK
STATE/ZIP : IL 60302
MORTGAGE AMOUNT : 258,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,747.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 56.15200
----------------------------------------------------------------
0 0007631500 MORTGAGORS: PELUSO JOSEPH
PELUSO PATRICIA
REGION CODE ADDRESS : 81 ABRAMS RD
01 CITY : CHESHIRE
STATE/ZIP : CT 06410
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,655.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 36.57100
----------------------------------------------------------------
0 0007631542 MORTGAGORS: SOKOLA RAYMOND
SOKOLA MARY
REGION CODE ADDRESS : 4505 N KRUEGER CT
01 CITY : LONG GROVE
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,323.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,905.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631591 MORTGAGORS: MUSCARELLA PASQUALE
MUSCARELLA CATHERINE
REGION CODE ADDRESS : 6 FEATHER LANE
01 CITY : COMMACK
STATE/ZIP : NY 11725
MORTGAGE AMOUNT : 125,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 124,822.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 895.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.10200
----------------------------------------------------------------
0 0007631617 MORTGAGORS: GARRAWAY CLEO
REGION CODE ADDRESS : 3012 N NARROWS DR UNIT #8
01 CITY : TACOMA
STATE/ZIP : WA 98407
MORTGAGE AMOUNT : 73,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 73,002.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 538.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.05000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.05000 PRODUCT CODE : 002
LTV : 36.91900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,140,400.00
P & I AMT: 8,104.44
UPB AMT: 1,138,551.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007631625 MORTGAGORS: MARSHALL ESTELLE
MARSHALL JON
REGION CODE ADDRESS : 404 E 79TH ST UNIT #21D
01 CITY : NEW YORK
STATE/ZIP : NY 10021
MORTGAGE AMOUNT : 178,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 177,890.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,388.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.65000 PRODUCT CODE : 002
LTV : 74.98900
----------------------------------------------------------------
0 0007631674 MORTGAGORS: RACKERS ALLEN
RACKERS GENEVA
REGION CODE ADDRESS : 8765 NAPLES HERITAGE DRIVE
01 CITY : NAPLES
STATE/ZIP : FL 34112
MORTGAGE AMOUNT : 139,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,323.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,052.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.30000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.30000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007631732 MORTGAGORS: GLENNY JOHN
GLENNY BATRICIA
REGION CODE ADDRESS : 918 MEADOW AVE
01 CITY : WELLINGTON
STATE/ZIP : FL 33414
MORTGAGE AMOUNT : 93,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 93,575.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 694.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.10000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.10000 PRODUCT CODE : 002
LTV : 70.09400
----------------------------------------------------------------
0 0007631773 MORTGAGORS: LARIA THERESA
REGION CODE ADDRESS : 153 KETAY DRIVE S
01 CITY : EAST NORTHPORT
STATE/ZIP : NY 11731
MORTGAGE AMOUNT : 172,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 171,972.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,275.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.10000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.10000 PRODUCT CODE : 002
LTV : 68.88000
----------------------------------------------------------------
0 0007631799 MORTGAGORS: RUSIN KENNETH
REGION CODE ADDRESS : 613 WOODCREEK DRIVE
01 CITY : ISLAND LAKE
STATE/ZIP : IL 60042
MORTGAGE AMOUNT : 112,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 112,350.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 829.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.05000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.05000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 696,100.00
P & I AMT: 5,241.16
UPB AMT: 695,111.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007631831 MORTGAGORS: DITRAGLIA FRANK
DITRAGLIA KELLI
REGION CODE ADDRESS : 166 EMERSON AVENUE
01 CITY : HARTSDALE
STATE/ZIP : NY 10530
MORTGAGE AMOUNT : 60,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 59,913.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 425.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 28.57100
----------------------------------------------------------------
0 0007631872 MORTGAGORS: PYE MARK
PYE MONICA
REGION CODE ADDRESS : 1488 BURBERRY LN
01 CITY : SCHAUMBURG
STATE/ZIP : IL 60173
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,765.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,331.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631898 MORTGAGORS: JOHNSON MARION
REGION CODE ADDRESS : 1116 LAKE TERRACE APT 108 BLDG G
01 CITY : BOYNTON BEACH
STATE/ZIP : FL 33426
MORTGAGE AMOUNT : 25,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 25,465.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 186.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007631930 MORTGAGORS: FITZSIMONS SEAN
FITZSIMONS LOUISE
REGION CODE ADDRESS : 174 NASSAU BLVD
01 CITY : GARDEN CITY
STATE/ZIP : NY 11530
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,351.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,091.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631997 MORTGAGORS: LAROSA JORGE
LAROSA AURELIA
REGION CODE ADDRESS : 190 W 64 TERR
01 CITY : HIALEAH
STATE/ZIP : FL 33012
MORTGAGE AMOUNT : 62,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 61,909.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 450.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.90000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.90000 PRODUCT CODE : 002
LTV : 47.69200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 906,700.00
P & I AMT: 6,485.26
UPB AMT: 905,405.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007632003 MORTGAGORS: BILLINGHURST MARY
REGION CODE ADDRESS : 950 MEADOW CIRCLE NORTH
01 CITY : KELLER
STATE/ZIP : TX 76248
MORTGAGE AMOUNT : 64,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 64,408.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 462.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007632078 MORTGAGORS: NELSON CHARLES
MANWEILER SENGA
REGION CODE ADDRESS : 944 POLK ST
01 CITY : HOLLYWOOD
STATE/ZIP : FL 33019
MORTGAGE AMOUNT : 117,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 117,539.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 859.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 74.96800
----------------------------------------------------------------
0 0007632235 MORTGAGORS: ESKRIDGE GLORIA
REGION CODE ADDRESS : 21 CRANBROOK DRIVE
01 CITY : DES PLAINES
STATE/ZIP : IL 60016
MORTGAGE AMOUNT : 133,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 132,732.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 980.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.05000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.05000 PRODUCT CODE : 002
LTV : 73.88800
----------------------------------------------------------------
0 0007632300 MORTGAGORS: LIPKIND REINA
REGION CODE ADDRESS : 2829 REGATTA AVE
01 CITY : MIAMI BEACH
STATE/ZIP : FL 33140
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,632.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0007632326 MORTGAGORS: SALEM ALBERTO
SALEM GRACIA
REGION CODE ADDRESS : 2656 EMERALD WAY NORTH
01 CITY : DEERFIELD BEACH
STATE/ZIP : FL 33442
MORTGAGE AMOUNT : 128,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 128,417.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 921.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.98500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 713,800.00
P & I AMT: 5,195.27
UPB AMT: 712,732.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007632342 MORTGAGORS: PAUL NANCY
REGION CODE ADDRESS : 3334 DUDLEY ST
01 CITY : SARASOTA
STATE/ZIP : FL 34235
MORTGAGE AMOUNT : 45,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 45,438.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 332.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 69.46500
----------------------------------------------------------------
0 0007632466 MORTGAGORS: FERGUSON GENORA
REGION CODE ADDRESS : 20818 ROYDENCREST DRIVE
01 CITY : SPRING
STATE/ZIP : TX 77388
MORTGAGE AMOUNT : 61,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 61,610.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 437.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 73.71500
----------------------------------------------------------------
0 0007632581 MORTGAGORS: BRINKER JULIE
REGION CODE ADDRESS : 1914 NORTHEAST 45TH AVENUE
01 CITY : PORTLAND
STATE/ZIP : OR 97213
MORTGAGE AMOUNT : 115,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 114,916.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 811.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 69.69600
----------------------------------------------------------------
0 0007632607 MORTGAGORS: FARRELL WINIFRED
REGION CODE ADDRESS : 111 BRINY AVE 1203
01 CITY : POMPANO BEACH
STATE/ZIP : FL 33062
MORTGAGE AMOUNT : 67,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 66,913.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 501.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.20000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.20000 PRODUCT CODE : 002
LTV : 63.80900
----------------------------------------------------------------
0 0007632615 MORTGAGORS: ISGAR GILBERT
ISGAR RITA
REGION CODE ADDRESS : 23319 MILLCROSS LANE
01 CITY : KATY
STATE/ZIP : TX 77494
MORTGAGE AMOUNT : 114,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 114,352.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 817.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 74.96700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 403,900.00
P & I AMT: 2,900.82
UPB AMT: 403,231.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007632680 MORTGAGORS: MORRIS MARVIN
MORRIS JOAN
REGION CODE ADDRESS : 20355 NE 34TH CT UNIT #2424
01 CITY : N MIAMI BEACH
STATE/ZIP : FL 33180
MORTGAGE AMOUNT : 90,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 89,884.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 676.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 64.74800
----------------------------------------------------------------
0 0007632706 MORTGAGORS: MCANDREWS KEVIN
MCANDREWS ISABELLE
REGION CODE ADDRESS : 38 ESPARITO PLACE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 367,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,485.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,641.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 78.08500
----------------------------------------------------------------
0 0007632714 MORTGAGORS: FREEMAN SHERIE
MC KINLEY ANN
REGION CODE ADDRESS : 517 AYLESBURY ROAD
01 CITY : DELRAY BEACH
STATE/ZIP : FL 33444
MORTGAGE AMOUNT : 101,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 101,062.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 739.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 74.96200
----------------------------------------------------------------
0 0007632722 MORTGAGORS: DEEN DAVID
DEEN JEANETTE
REGION CODE ADDRESS : 604-23 NW 13 STREET
01 CITY : BOCA RATON
STATE/ZIP : FL 33486
MORTGAGE AMOUNT : 41,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 41,141.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 295.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.90900
----------------------------------------------------------------
0 0007632755 MORTGAGORS: NAVID MARGARETA
NAVID ABDUL
REGION CODE ADDRESS : 6033 SHADY GROVE DR
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 214,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,696.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,533.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.87500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 813,400.00
P & I AMT: 5,885.42
UPB AMT: 812,271.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007632763 MORTGAGORS: ARNETT VIRGINIA
REGION CODE ADDRESS : 316 CORAL AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92662
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,686.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,518.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 43.00000
----------------------------------------------------------------
0 0007632771 MORTGAGORS: TRACY IRENE
REGION CODE ADDRESS : 2519 DOIDGE AVENUE
01 CITY : PINOLE
STATE/ZIP : CA 94564
MORTGAGE AMOUNT : 50,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 49,931.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 365.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 31.25000
----------------------------------------------------------------
0 0007632789 MORTGAGORS: KING CLIFTON
KING VIRGINIA
REGION CODE ADDRESS : 4949 GENESTA AVENUE UNIT #412
01 CITY : ENCINO
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,858.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 716.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0007632797 MORTGAGORS: BEVI FREDERICK
BEVI SANDRA
REGION CODE ADDRESS : 33462 INTERA WAY
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 136,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 136,298.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 959.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0007632805 MORTGAGORS: LORENZANA LUIS
REGION CODE ADDRESS : 572 DAVENPORT LANE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91911
MORTGAGE AMOUNT : 90,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 89,869.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 638.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 55.90000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 591,500.00
P & I AMT: 4,197.32
UPB AMT: 590,644.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007632813 MORTGAGORS: DRAWN MATTIE
REGION CODE ADDRESS : 459 E LOMA ALTA DR
01 CITY : ALTADENA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,917.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,979.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 67.74100
----------------------------------------------------------------
0 0007632821 MORTGAGORS: HESTON VICKI
REGION CODE ADDRESS : 24 SARENA
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,553.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 64.66600
----------------------------------------------------------------
0 0007632839 MORTGAGORS: BOLIEK LYNN
BOLIEK SANDRA
REGION CODE ADDRESS : 7556 NAVIGATOR CIRCLE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,667.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 62.33000
----------------------------------------------------------------
0 0007632862 MORTGAGORS: RYAN BRUCE
TRIPP LOREN
REGION CODE ADDRESS : 1460 AVONREA ROAD
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,387.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,286.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0007632870 MORTGAGORS: PIERSON GEORGE
PIERSON JUDITH
REGION CODE ADDRESS : 670 GLASGOW CIRCLE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 314,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,272.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,211.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,705,800.00
P & I AMT: 12,114.96
UPB AMT: 1,699,799.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030565535 MORTGAGORS: VASQUEZ CATALINA
ORTIZ RICARDO
REGION CODE ADDRESS : 1250 COLUMBIA ROAD N.W.
01 CITY : WASHINGTON
STATE/ZIP : DC 20010
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,995.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.70 OUTSIDE CONV DATE :
LIFETIME RATE : 9.25000 MATURITY DATE : 06/01/26
CURRENT INT RATE: 9.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030650295 MORTGAGORS: MELLA CARMINE
MELLA CARMEN
REGION CODE ADDRESS : 41 RIDGEFIELD DRIVE
01 CITY : SHOREHAM
STATE/ZIP : NY 11786
MORTGAGE AMOUNT : 267,960.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,793.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 89.45100
----------------------------------------------------------------
0 0030679328 MORTGAGORS: STURGEON MICHAEL
STURGEON DEBRA
REGION CODE ADDRESS : 581 SOUTH BINION ROAD
01 CITY : APOPKA
STATE/ZIP : FL 32703
MORTGAGE AMOUNT : 245,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99079
----------------------------------------------------------------
0 0030696181 MORTGAGORS: DORR CHARLES
DORR WENDY
REGION CODE ADDRESS : LOOKS POINT RD
01 CITY : JONESBORO
STATE/ZIP : ME 04654
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,982.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030697056 MORTGAGORS: TAYLOR FORREST
TAYLOR KAREN
REGION CODE ADDRESS : 16029 KINGS MOUNTAIN ROAD
01 CITY : WOODBRIDGE
STATE/ZIP : VA 22191
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,628.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.97900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,328,810.00
P & I AMT: 9,970.90
UPB AMT: 1,317,050.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030729008 MORTGAGORS: COHEN RICHARD
COHEN CAROL
REGION CODE ADDRESS : 100 ASPEN DRIVE
01 CITY : WEST WINDSOR
STATE/ZIP : NJ 08691
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.97400
----------------------------------------------------------------
0 0030735161 MORTGAGORS: SPROWLS STEPHEN
SPROWLS JUDY
REGION CODE ADDRESS : 10551 INDIGO BROOM LOOP
01 CITY : AUSTIN
STATE/ZIP : TX 78733
MORTGAGE AMOUNT : 319,596.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,364.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0030736557 MORTGAGORS: MAYO WILLIAM
KENIRY LAUREEN
REGION CODE ADDRESS : 6 QUAIL STREET
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,806.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,460.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 60.95200
----------------------------------------------------------------
0 0030744908 MORTGAGORS: BRASCH JOHN
REGION CODE ADDRESS : 131 WATERVIEW STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90293
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,000.00 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 : 61.60700
----------------------------------------------------------------
0 0030761696 MORTGAGORS: DIMAIO FRANK
DIMAIO YOK LAN
REGION CODE ADDRESS : 207 MOUNTAIN ROAD
01 CITY : BERNARDS
STATE/ZIP : NJ 07920
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 52.79600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,654,596.00
P & I AMT: 12,005.56
UPB AMT: 1,653,700.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030765192 MORTGAGORS: HESS ROBERT
HESS MARY
REGION CODE ADDRESS : 5 ARCHIBALD WAY
01 CITY : SAG HARBOR
STATE/ZIP : NY 11963
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.93700
----------------------------------------------------------------
0 0030771125 MORTGAGORS: PIKE WILLIAM
PIKE JAMIE
REGION CODE ADDRESS : 4726 HAMPSHIRE DRIVE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 233,949.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,779.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0030779839 MORTGAGORS: MARSHALL BARRY
MARSHALL KAREN
REGION CODE ADDRESS : 6286 OLENTANGLY RIVER ROAD
01 CITY : DELAWARE
STATE/ZIP : OH 43015
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,551.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030779987 MORTGAGORS: BRIGGS JAMES
KIYOMURA GAIL
REGION CODE ADDRESS : 25529 S GOLDRIDGE DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 351,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,488.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,459.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030793400 MORTGAGORS: SMITH KENNETH
SMITH CELESTE
REGION CODE ADDRESS : 3700 NEWBOLT COURT
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 248,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,206.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,346,599.00
P & I AMT: 9,567.27
UPB AMT: 1,345,026.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030794994 MORTGAGORS: SUONSAARI KLAUS
SUONSAARI INGA
REGION CODE ADDRESS : 652 BOULEVARD EAST
01 CITY : WEEHAWKEN
STATE/ZIP : NJ 07087
MORTGAGE AMOUNT : 244,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,592.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.23077
----------------------------------------------------------------
0 0030797039 MORTGAGORS: CORNISH KEVIN
CORNISH TRACY
REGION CODE ADDRESS : 5850 GOLD CREEK DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 269,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,754.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0030803241 MORTGAGORS: BRAVERMAN ALAN
BRAVERMAN KATHRYN
REGION CODE ADDRESS : 16 CARDINAL DRIVE
01 CITY : WEST WINDSOR
STATE/ZIP : NJ 08550
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,779.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,798.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 68.10500
----------------------------------------------------------------
0 0030806152 MORTGAGORS: TRAUTWEIN TOM
TRAUTWEIN SUSANNAH
REGION CODE ADDRESS : 1597 CARIBBEAN WAY
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 436,096.95 OPTION TO CONVERT :
UNPAID BALANCE : 427,951.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,289.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/23
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.08200
----------------------------------------------------------------
0 0030811392 MORTGAGORS: SHALLENBERGER ELIZABETH
MEEHAN GAIL
REGION CODE ADDRESS : LOT 7B FERN BROOK CIRCLE
01 CITY : CANTON
STATE/ZIP : MA 02021
MORTGAGE AMOUNT : 292,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,607,446.95
P & I AMT: 11,794.71
UPB AMT: 1,594,977.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030819080 MORTGAGORS: TEDESCHI JOHN
TEDESCHI EWA
REGION CODE ADDRESS : 14030 ROSE LODGE PLACE
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
MORTGAGE AMOUNT : 301,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,664.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 93.97600
----------------------------------------------------------------
0 0030824833 MORTGAGORS: LUCCI FRANK
LUCCI WENDY
REGION CODE ADDRESS : 4965 GRUNDY WAY
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 289,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,545.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0030828677 MORTGAGORS: HERMAN MICHAEL
HERMAN RUTH
REGION CODE ADDRESS : 1539 APPLE TREE ROAD
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 371,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,531.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0030839658 MORTGAGORS: PATEL ARVIND
PATEL PRABHA
REGION CODE ADDRESS : 25569 SOUTH GOLD RIDGE DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 408,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,923.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0030841605 MORTGAGORS: ISRAEL JAMES
ISRAEL JANET
REGION CODE ADDRESS : 9 WHITEFIELD DRIVE
01 CITY : LAFAYETTE HILL
STATE/ZIP : PA 19444
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,795,900.00
P & I AMT: 12,526.25
UPB AMT: 1,795,459.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030844385 MORTGAGORS: O'NEILL RICHARD
GIRARDIN GAIL
REGION CODE ADDRESS : 184 ETHAN DRIVE
01 CITY : WINDSOR
STATE/ZIP : CT 06095
MORTGAGE AMOUNT : 327,020.45 OPTION TO CONVERT :
UNPAID BALANCE : 326,237.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.14 OUTSIDE CONV DATE :
LIFETIME RATE : 9.04000 MATURITY DATE : 07/01/26
CURRENT INT RATE: 9.04000 PRODUCT CODE : 002
LTV : 76.05100
----------------------------------------------------------------
0 0030850119 MORTGAGORS: OVADYA CEM
OVADYA COYA
REGION CODE ADDRESS : 2913 BEVERWIL DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,956.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,042.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030850937 MORTGAGORS: LIONELLI GARY
NADLER MARY
REGION CODE ADDRESS : 810 GALLOWAY ST.
01 CITY : PACIFIC PALISADES AREA
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,931.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,686.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.95700
----------------------------------------------------------------
0 0030856041 MORTGAGORS: NG DANA
LEE ALANA
REGION CODE ADDRESS : 25550 SOUTH GOLD RIDGE DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 339,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,898.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030861801 MORTGAGORS: CALDWELL JOE
CALDWELL LILLIAN
REGION CODE ADDRESS : 721 CROSS QUAY
01 CITY : CHESAPEAKE
STATE/ZIP : VA 23320
MORTGAGE AMOUNT : 341,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,617.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,598.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,788,070.45
P & I AMT: 13,356.40
UPB AMT: 1,783,640.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030864300 MORTGAGORS: PEASE RICHARD
PEASE MONIE
REGION CODE ADDRESS : 206 SAN JUAN BLVD.
01 CITY : ANACORTES
STATE/ZIP : WA 98221
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 523,465.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,715.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030865364 MORTGAGORS: NOWACK JAMES
NOWACK SUSAN
REGION CODE ADDRESS : 1228 BEATTIE LANE
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 399,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,725.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030866172 MORTGAGORS: GARDNER BENNETT
GARDNER BEVERLEA
REGION CODE ADDRESS : 12786 OAK FARMS DRIVE
01 CITY : OAK HILL
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 299,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,624.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.64600
----------------------------------------------------------------
0 0030867006 MORTGAGORS: TAGLIENTI CARMEN
ROBINSON RENEE
REGION CODE ADDRESS : 60 COOLIDGE FARM ROAD
01 CITY : BOXBOROUGH
STATE/ZIP : MA 01719
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,420.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.37200
----------------------------------------------------------------
0 0030867832 MORTGAGORS: BRODO THOMAS
BRODO DONNA
REGION CODE ADDRESS : 14 DIANE COURT
01 CITY : RANDOLPH
STATE/ZIP : NJ 07869
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.39900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,886,550.00
P & I AMT: 13,170.02
UPB AMT: 1,884,690.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030869366 MORTGAGORS: BACHILLER FRANCISCO
BACHILLER MILAGROS
REGION CODE ADDRESS : 1 CLAY
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,414.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,584.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030871131 MORTGAGORS: MCCOSBY EDWARD
MCCOSBY ANN
REGION CODE ADDRESS : 811 LINDSEY MANOR LANE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 272,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,387.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0030872022 MORTGAGORS: CLARK ROBERT
VAN TASSELL-CLARK MARYON
REGION CODE ADDRESS : 440 HEIGHTS ROAD
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 524,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 523,579.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,938.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030872295 MORTGAGORS: MINNIEAR JACKIE
REGION CODE ADDRESS : 26 HIGHLAND AVENUE
01 CITY : MONNOUTH BEACH
STATE/ZIP : NJ 07750
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,433.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030872881 MORTGAGORS: WHITE JOHN
REGION CODE ADDRESS : 155 BAYVIEW ROAD
01 CITY : PLANDOME MANOR
STATE/ZIP : NY 11030
MORTGAGE AMOUNT : 400,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,774.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 49.08500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,706,900.00
P & I AMT: 12,492.43
UPB AMT: 1,704,589.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030874184 MORTGAGORS: KNUTH THOMAS
KNUTH SANDRA
REGION CODE ADDRESS : 46 GREEN VIEW
01 CITY : NASHVILLE
STATE/ZIP : TN 37205
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,148.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,081.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030874473 MORTGAGORS: STEPHENSON THOMAS
STEPHENSON ANGELA
REGION CODE ADDRESS : 1327 BEACONFIELD LANE
01 CITY : LANCASTER
STATE/ZIP : PA 17601
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,610.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.32400
----------------------------------------------------------------
0 0030875975 MORTGAGORS: VALLEDOR ALFONSO
VALLEDOR CARLA
REGION CODE ADDRESS : 15 RAYMAR LANE
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 226,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,322.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030876189 MORTGAGORS: PATEL PRAFUL
PATEL BELA
REGION CODE ADDRESS : 155 BROCHANT CIRCLE
01 CITY : WHITPAIN TOWNSHIP
STATE/ZIP : PA 19422
MORTGAGE AMOUNT : 253,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,340.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0030876445 MORTGAGORS: MCNEIL DONALD
MCNEIL SHERIANNE
REGION CODE ADDRESS : 12203 N. ECHO VALLEY DRIVE
01 CITY : ORO VALLEY
STATE/ZIP : AZ 85737
MORTGAGE AMOUNT : 220,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,103.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,396,050.00
P & I AMT: 10,191.69
UPB AMT: 1,393,526.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030876932 MORTGAGORS: MANIERI RICHARD
MANIERI ELAINE
REGION CODE ADDRESS : 335 HAINES DRIVE
01 CITY : NORTH WALES
STATE/ZIP : PA 19454
MORTGAGE AMOUNT : 225,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,091.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0030877633 MORTGAGORS: RATOWSKI STEPHEN
RATOWSKI BARBARA
REGION CODE ADDRESS : 51 PADDOCK WAY
01 CITY : HOLLAND
STATE/ZIP : PA 18966
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,810.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.24453
----------------------------------------------------------------
0 0030877922 MORTGAGORS: WETHINGTON PAMELA
WETHINGTON JAMES
REGION CODE ADDRESS : 970 BOLENDER DRIVE
01 CITY : DELRAY BEACH
STATE/ZIP : FL 33483
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,527.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,672.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030882369 MORTGAGORS: DIAMOND JENNIFER
BURDICK BOB
REGION CODE ADDRESS : 6993 COUNTY ROAD #5
01 CITY : RIDGWAY
STATE/ZIP : CO 81432
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,369.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030882690 MORTGAGORS: BRODERICK MATTHEW
BRODERICK CATHY
REGION CODE ADDRESS : 1872 N. DAYTON STREET
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,782.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.40 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: 1,417,750.00
P & I AMT: 10,515.18
UPB AMT: 1,416,580.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030883185 MORTGAGORS: BELL DAVID
REGION CODE ADDRESS : 7075 S TROPICAL TRAIL
01 CITY : MERRITT ISLAND
STATE/ZIP : FL 32952
MORTGAGE AMOUNT : 276,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,955.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,100.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030890164 MORTGAGORS: GOMEZ CHRIS
GOMEZ MARGARITA
REGION CODE ADDRESS : 3416 CAMINO LARGO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 342,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,958.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,451.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0030890388 MORTGAGORS: MARKS GARY
REGION CODE ADDRESS : 100 EAST HURON STREET #2301
01 CITY : CHICAGO
STATE/ZIP : IL 60611
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,049.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030892103 MORTGAGORS: JAKUBOWSKI DALE
FIELDING STANLEY
REGION CODE ADDRESS : 16 MAYFAIR CIRCLE
01 CITY : NORWOOD
STATE/ZIP : MA 02062
MORTGAGE AMOUNT : 233,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,369.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,674.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030893903 MORTGAGORS: GITTLEMAN DAVID
REGION CODE ADDRESS : 4789 CREST PARK LANE
01 CITY : MARIETTA
STATE/ZIP : GA 30068
MORTGAGE AMOUNT : 528,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 527,636.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,828.37 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: 1,609,700.00
P & I AMT: 11,778.44
UPB AMT: 1,607,969.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030894042 MORTGAGORS: CHERRY WILLARD
CHERRY VICTORIA
REGION CODE ADDRESS : 3000 BENT CREEK TERRACE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30202
MORTGAGE AMOUNT : 316,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,201.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,268.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0030894125 MORTGAGORS: KEYES JAMES
KEYES DEANNA
REGION CODE ADDRESS : 1089 SAFA STREET
01 CITY : HERNDON
STATE/ZIP : VA 20170
MORTGAGE AMOUNT : 345,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,085.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,416.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030896930 MORTGAGORS: GUNASEKERA DIMITRI
GUNASEKERA RADHIKA
REGION CODE ADDRESS : 1154 AVONLEA CIRCLE
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,751.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,929.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 74.48200
----------------------------------------------------------------
0 0030897359 MORTGAGORS: EPSTEIN DONALD
REGION CODE ADDRESS : 1168 COUNTY ROAD 9
01 CITY : GHENT
STATE/ZIP : NY 12075
MORTGAGE AMOUNT : 77,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 76,950.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 578.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030898092 MORTGAGORS: WEISS KENNETH
WEISS DEBRA
REGION CODE ADDRESS : 16527 NORTH 108TH STREET
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.42200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,349,250.00
P & I AMT: 9,769.54
UPB AMT: 1,347,833.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030898134 MORTGAGORS: YEP DAVID
YEP NORMA
REGION CODE ADDRESS : 163 CAMELIA DRIVE
01 CITY : DALY CITY,
STATE/ZIP : CA 94015
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030898977 MORTGAGORS: TOPOR JAMES
TOPOR MEGAN
REGION CODE ADDRESS : 11 HAMILTON STREET
01 CITY : MADISON
STATE/ZIP : NJ 07940
MORTGAGE AMOUNT : 263,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,092.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0030901474 MORTGAGORS: WILTSE GEORGE
WILTSE SOLANGE
REGION CODE ADDRESS : 91 UPDIKES ROAD
01 CITY : MONTGOMERY
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,695.20 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 : 59.13900
----------------------------------------------------------------
0 0030902829 MORTGAGORS: SMITH DAVID
SMITH SHARON
REGION CODE ADDRESS : 4212 GREAT OAK ROAD
01 CITY : ROCKVILLE
STATE/ZIP : MD 20853
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 : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.62146
----------------------------------------------------------------
0 0030903223 MORTGAGORS: CHIN FEE
CHIN CHAN
REGION CODE ADDRESS : 6422 MUSTER COURT
01 CITY : CENTREVILLE
STATE/ZIP : VA 20121
MORTGAGE AMOUNT : 217,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,959.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,482.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,231,500.00
P & I AMT: 8,767.31
UPB AMT: 1,229,984.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030908081 MORTGAGORS: ALVIS DAVID
ALVIS PAMELA
REGION CODE ADDRESS : 170 MARTESIA WAY
01 CITY : INDIAN HARBOUR BEACH
STATE/ZIP : FL 32937
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,239.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030908347 MORTGAGORS: FUENTES ARMANDO
FUENTES SHIRLEY
REGION CODE ADDRESS : 318 CONESTOGA ROAD
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,220.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030909246 MORTGAGORS: LIVINGSTON ROD
LIVINGSTON LINDA
REGION CODE ADDRESS : 2286 N ROBINHOOD PLACE
01 CITY : ORANGE
STATE/ZIP : CA 92827
MORTGAGE AMOUNT : 226,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,552.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.52000
----------------------------------------------------------------
0 0030909824 MORTGAGORS: FELDMAN PETER
BRESLIN MARY
REGION CODE ADDRESS : 465 BLINN ROAD
01 CITY : YORKTOWN
STATE/ZIP : NY 10520
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,436.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,305.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.97900
----------------------------------------------------------------
0 0030911853 MORTGAGORS: PULIT JOSEPH
PULIT ROSSELLA
REGION CODE ADDRESS : 40 NICHOLE COURT
01 CITY : CHESHIRE
STATE/ZIP : CT 06410
MORTGAGE AMOUNT : 238,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,555.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 84.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,363,450.00
P & I AMT: 10,223.47
UPB AMT: 1,362,004.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030911945 MORTGAGORS: NATH SUNIL
NATH SHREE
REGION CODE ADDRESS : 210 IRVINGTON COURT
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80900
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,367.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 67.26400
----------------------------------------------------------------
0 0030913107 MORTGAGORS: TURGEON JOSEPH
TURGEON SHARON
REGION CODE ADDRESS : 512 DUNWOODY DRIVE
01 CITY : RALEIGH
STATE/ZIP : NC 27615
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,812.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.56500
----------------------------------------------------------------
0 0030914014 MORTGAGORS: FRITZ BARRY
FRITZ JEANETTE
REGION CODE ADDRESS : 30 ARBORO DRIVE
01 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030914949 MORTGAGORS: PERDUE PHILLIP
PERDUE PEGGY
REGION CODE ADDRESS : 4877 BLACK AVENUE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,371.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,274.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.98500
----------------------------------------------------------------
0 0030915631 MORTGAGORS: ROCCIA DAVID
ROCCIA MICHELLE
REGION CODE ADDRESS : 4 GREENMEADOW DRIVE
01 CITY : LYNNFIELD
STATE/ZIP : MA 01940
MORTGAGE AMOUNT : 344,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,335.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,530.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.26400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,430,800.00
P & I AMT: 10,343.76
UPB AMT: 1,428,887.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030916811 MORTGAGORS: IMIELINSKI TOMASZ
IMIELINSKA CELINA
REGION CODE ADDRESS : 22 ANDREWS LANE
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,669.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,892.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030917108 MORTGAGORS: CLOUSER BRUCE
CLOUSER LYNN
REGION CODE ADDRESS : 360 CURWYN LANE
01 CITY : BERWYN
STATE/ZIP : PA 19312
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,726.07 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 : 65.45400
----------------------------------------------------------------
0 0030918064 MORTGAGORS: BUCK DAVID
REGION CODE ADDRESS : 107 SOUTH STREET #6A
01 CITY : BOSTON
STATE/ZIP : MA 02111
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 : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030918288 MORTGAGORS: MULCAHY ROBERT
FREIWIRTH JUDITH
REGION CODE ADDRESS : 111 PURITAN LANE
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,799.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.97200
----------------------------------------------------------------
0 0030918502 MORTGAGORS: MULINGTAPANG GILBERT
MULINGTAPANG GRACE
REGION CODE ADDRESS : 31516 SILVERTIDE DRIVE
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 341,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,524.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,472.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.97300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,695,000.00
P & I AMT: 11,811.26
UPB AMT: 1,692,491.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030919161 MORTGAGORS: MUSUMECI ROSS
MUSUMECI KERIE
REGION CODE ADDRESS : 154 NEWTON STREET
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,697.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,190.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030920029 MORTGAGORS: CIRCELLI ANTHONY
CIRCELLI RITA
REGION CODE ADDRESS : 334 SKILLMAN LANE
01 CITY : FRANKLIN TOWNSHIP
STATE/ZIP : NJ 08873
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,832.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,519.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030920383 MORTGAGORS: CARLIN DONALD
CARLIN CYNTHIA
REGION CODE ADDRESS : 1 ROSEDALE WAY
01 CITY : HOPEWELL
STATE/ZIP : NJ 08534
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 : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0030920433 MORTGAGORS: VAN AERDE MICHEL
REGION CODE ADDRESS : 1333 LUSTERS GATE ROAD
01 CITY : BLACKSBURG
STATE/ZIP : VA 24060
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 : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 69.47300
----------------------------------------------------------------
0 0030920524 MORTGAGORS: SHARMA NAVIN
SHARMA RENU
REGION CODE ADDRESS : 8935 GARDEN GATE DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 308,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,720.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,160.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,648,950.00
P & I AMT: 11,766.58
UPB AMT: 1,647,773.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030920540 MORTGAGORS: KISHNANI PREM
KISHNANI BINA
REGION CODE ADDRESS : 6401 MUSTER COURT
01 CITY : CENTREVILLE
STATE/ZIP : VA 20121
MORTGAGE AMOUNT : 230,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,029.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98100
----------------------------------------------------------------
0 0030921787 MORTGAGORS: HORWITZ WILLIAM
HORWITZ TRACY
REGION CODE ADDRESS : 739 RICHWOOD ROAD
01 CITY : MILLBURN
STATE/ZIP : NJ 07041
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,621.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030923171 MORTGAGORS: ALDAPE ROBERT
ALDAPE MARGARET
REGION CODE ADDRESS : 340 UVEDALE ROAD
01 CITY : RIVERSIDE
STATE/ZIP : IL 60546
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,811.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,216.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 73.75000
----------------------------------------------------------------
0 0030924245 MORTGAGORS: SCIALLI PETER
REGION CODE ADDRESS : 11706 SADDLE CRESCENT CIRCLE
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 435,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,436.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,350.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.21800
----------------------------------------------------------------
0 0030924260 MORTGAGORS: SADEL SCOTT
SADEL HELAINE
REGION CODE ADDRESS : 4059 YELLOW GINGER GLEN
01 CITY : NORCROSS
STATE/ZIP : GA 30092
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 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
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,496,900.00
P & I AMT: 10,952.14
UPB AMT: 1,495,898.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030925184 MORTGAGORS: LEVY ISAAC
LEVY LORAINE
REGION CODE ADDRESS : 15550 VIA DE SANTA FE
01 CITY : RANCHO SANTA FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 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 : 46.42800
----------------------------------------------------------------
0 0030925333 MORTGAGORS: FULLARTON ROBERT
FULLARTON BARBARA
REGION CODE ADDRESS : 8534 SAINT IVES PLACE
01 CITY : CINCINNATTI
STATE/ZIP : OH 45255
MORTGAGE AMOUNT : 406,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,908.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.60800
----------------------------------------------------------------
0 0030926141 MORTGAGORS: TURANO JEFFREY
TURANO MELISSA
REGION CODE ADDRESS : 8412 RANCHO VERANO COURT NORTHWEST
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87120
MORTGAGE AMOUNT : 225,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,344.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,635.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98000
----------------------------------------------------------------
0 0030926174 MORTGAGORS: FLOYD RIK
FLOYD CAROL
REGION CODE ADDRESS : 646 GLENMONT DRIVE
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,678.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 66.05200
----------------------------------------------------------------
0 0030926356 MORTGAGORS: KLEINBAUER COREY
KLEINBAUER ELIZABETH
REGION CODE ADDRESS : 5 PEAR TREE DRIVE
01 CITY : CANTON
STATE/ZIP : MA 02021
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,180.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,770,000.00
P & I AMT: 12,828.73
UPB AMT: 1,769,203.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030926869 MORTGAGORS: LOMBARDO NICHOLAS
SARGEANT DINAH
REGION CODE ADDRESS : 22019 BREI COURT
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91321
MORTGAGE AMOUNT : 397,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,719.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,844.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.71800
----------------------------------------------------------------
0 0030927289 MORTGAGORS: WILD DAVID
GARGIULO MICHILU
REGION CODE ADDRESS : 945 NORTHWEST ELFORD DRIVE
01 CITY : SEATTLE
STATE/ZIP : WA 98177
MORTGAGE AMOUNT : 386,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,799.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0030929376 MORTGAGORS: ADELMAN KURT
REGION CODE ADDRESS : 1723 ROBSON AVENUE
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030929673 MORTGAGORS: EBRAHIMI ALI
EBRAHIMI MITRA
REGION CODE ADDRESS : 9103 SW 180TH PLACE
01 CITY : BEAVERTON
STATE/ZIP : OR 97007
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,798.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.81200
----------------------------------------------------------------
0 0030930259 MORTGAGORS: DUTRA LAWRENCE
DUTRA HEIDI
REGION CODE ADDRESS : 31470 GLENBRIDGE ROAD
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 495,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,862.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,465.31 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: 1,868,300.00
P & I AMT: 13,410.05
UPB AMT: 1,866,881.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030930986 MORTGAGORS: MAHONEY SALLY
REGION CODE ADDRESS : 424 PARK DRIVE
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78212
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,654.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030930994 MORTGAGORS: HINER DAVID
MAHLER-HINER BENITA
REGION CODE ADDRESS : 447 SHERIDAN CIRCLE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 350,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,164.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,571.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030931117 MORTGAGORS: LIU GEORGE
LIU ALICE
REGION CODE ADDRESS : 2735 ARDMORE RD.
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 462,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 461,761.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,352.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030931315 MORTGAGORS: PRECKEL RICHARD
PRECKEL GAYLE
REGION CODE ADDRESS : 17614 LASIANDRA
01 CITY : WILDWOOD
STATE/ZIP : MO 63005
MORTGAGE AMOUNT : 397,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,690.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,708.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.77100
----------------------------------------------------------------
0 0030931521 MORTGAGORS: RUSSOW ROBERT
RUSSOW MELISSA
REGION CODE ADDRESS : 75 STONE MANOR DRIVE
01 CITY : MILFORD
STATE/ZIP : CT 06460
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,703,800.00
P & I AMT: 12,128.18
UPB AMT: 1,702,271.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030931554 MORTGAGORS: FOX SHARON
REGION CODE ADDRESS : 2 MANOR ROAD
01 CITY : BROOKFIELD
STATE/ZIP : CT 06804
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,761.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.76100
----------------------------------------------------------------
0 0030931638 MORTGAGORS: BARRY DREW
BARRY MARGO
REGION CODE ADDRESS : 863 NUTSWAMP ROAD
01 CITY : MIDDLETOWN
STATE/ZIP : NJ 07701
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 : 90.00000
----------------------------------------------------------------
0 0030931695 MORTGAGORS: RAKOWSKI NATALIA
RAKOWSKI HELENA
REGION CODE ADDRESS : 9339 TOVITO DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 282,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,750.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030931844 MORTGAGORS: PATTON JAMES
PATTON SUSAN
REGION CODE ADDRESS : 2012 CORTLAND ROAD
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,837.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 52.44700
----------------------------------------------------------------
0 0030932248 MORTGAGORS: MESINA ROMAN
REGION CODE ADDRESS : 1629 WHITE PINE DRIVE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 451,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,211.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,154.86 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: 1,508,150.00
P & I AMT: 10,647.20
UPB AMT: 1,506,198.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030932636 MORTGAGORS: BARNETT STEVEN
BARNETT JEANNE
REGION CODE ADDRESS : 88 STONEWALL CIRCLE
01 CITY : HARRISON
STATE/ZIP : NY 10604
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0030932768 MORTGAGORS: KOMAR DAVID
KOMAR LENORA
REGION CODE ADDRESS : 11681 YATES FORD ROAD
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 230,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,215.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,552.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030933402 MORTGAGORS: PANEZAI FAZAL
REGION CODE ADDRESS : 431 FAWN RUN
01 CITY : MARLBORO TOWNSHIP
STATE/ZIP : NJ 07751
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
0 0030933691 MORTGAGORS: BOEHM GARTH
BOEHM ROSEMARY
REGION CODE ADDRESS : 530 MOUNTAIN AVENUE
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,515.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/17
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.63200
----------------------------------------------------------------
0 0030933931 MORTGAGORS: LAFAIR MICHAEL
LAFAIR RENEE
REGION CODE ADDRESS : 816 LAFAYETTE ROAD
01 CITY : BRYN MAWR
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,736.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,223.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.10900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,820,400.00
P & I AMT: 13,081.20
UPB AMT: 1,819,123.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030934087 MORTGAGORS: CLUNAN PATRICE
REGION CODE ADDRESS : 98 WESTCHESTER DRIVE
01 CITY : WESTWOOD
STATE/ZIP : MA 02090
MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 204,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,408.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.75000
----------------------------------------------------------------
0 0030934129 MORTGAGORS: SMITH JAMES
SMITH KATHLEEN
REGION CODE ADDRESS : 33391 COCKLESHELL DRIVE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,482.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,719.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.31900
----------------------------------------------------------------
0 0030934590 MORTGAGORS: GIETZEN MATTHEW
GIETZEN MARY
REGION CODE ADDRESS : 23304 MYSTIC FOREST
01 CITY : NOVI
STATE/ZIP : MI 48375
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,537.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030935266 MORTGAGORS: ILG SHAWN
ILG LAURA
REGION CODE ADDRESS : 1916 SOUTH 183RD CIRCLE
01 CITY : OMAHA
STATE/ZIP : NE 68130
MORTGAGE AMOUNT : 258,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,526.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.98200
----------------------------------------------------------------
0 0030935415 MORTGAGORS: TIDGEWELL JAMES
TIDGEWELL JANICE
REGION CODE ADDRESS : 33 BURNING TREE COURT
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,811.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.57900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,361,700.00
P & I AMT: 9,807.00
UPB AMT: 1,359,357.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030935670 MORTGAGORS: MAREK WILLIAM
MAREK NANCEE
REGION CODE ADDRESS : 43-690 PORT MARIA ROAD
01 CITY : INDIO
STATE/ZIP : CA 92201
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,774.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.04200
----------------------------------------------------------------
0 0030935787 MORTGAGORS: FEINSTEIN LILO
REGION CODE ADDRESS : 25 INDIAN ROCK DRIVE
01 CITY : NATICK
STATE/ZIP : MA 01760
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.86956
----------------------------------------------------------------
0 0030935902 MORTGAGORS: WESTERBERG ROBERT
WESTERBERG LINDA
REGION CODE ADDRESS : 5712 REDWOOD LANE
01 CITY : DALLAS
STATE/ZIP : TX 75209
MORTGAGE AMOUNT : 443,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,305.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,023.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030935993 MORTGAGORS: DOBLE ELIZABETH
DOBLE JOHN
REGION CODE ADDRESS : 11 RIVERSIDE DRIVE 6JW
01 CITY : NEW YORK
STATE/ZIP : NY 10023
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 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 : 58.33333
----------------------------------------------------------------
0 0030936132 MORTGAGORS: MC INTOSH DOUGLAS
MC INTOSH KASSANDRA
REGION CODE ADDRESS : 18275 BEAR PATH TRAIL
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,751.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 57.76858
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,705,200.00
P & I AMT: 11,912.64
UPB AMT: 1,703,830.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030936140 MORTGAGORS: DICKERSON SANFORD
DICKERSON CHERYL
REGION CODE ADDRESS : 181 FAIRWAY DRIVE
01 CITY : HARLEYSVILLE
STATE/ZIP : PA 19438
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,761.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 87.42857
----------------------------------------------------------------
0 0030936173 MORTGAGORS: RATERMANN GEORGE
RATERMANN DAWN
REGION CODE ADDRESS : 5860 VICTORIA LANE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 439,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,581.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,113.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0030937130 MORTGAGORS: GOODMAN GARY
REGION CODE ADDRESS : 256 DILWORTH LANE
01 CITY : LANGHORNE
STATE/ZIP : PA 19047
MORTGAGE AMOUNT : 248,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,301.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0030937163 MORTGAGORS: TRAVIS ANDREW
TRAVIS MICHELLE
REGION CODE ADDRESS : 86 LOINES AVENUE
01 CITY : MERRICK
STATE/ZIP : NY 11566
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,993.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030937247 MORTGAGORS: KRONER RANDOLPH
KRONER BARBARA
REGION CODE ADDRESS : 8990 SW 68TH PLACE
01 CITY : MIAMI
STATE/ZIP : FL 33156
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,627.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.81100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,503,800.00
P & I AMT: 10,373.28
UPB AMT: 1,502,265.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030937650 MORTGAGORS: CUMMINGS CHRISTOPHER
CUMMINGS ELLEN
REGION CODE ADDRESS : 53 WALSH AVENUE
01 CITY : STONEHAM
STATE/ZIP : MA 02180
MORTGAGE AMOUNT : 239,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,717.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.96600
----------------------------------------------------------------
0 0030937775 MORTGAGORS: KNOTT NELSON
KNOTT BEVERLY
REGION CODE ADDRESS : 6461 LA PETITE PLACE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 261,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,190.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.95400
----------------------------------------------------------------
0 0030938567 MORTGAGORS: HURRICANE OMAR
HURRICANE JEAN
REGION CODE ADDRESS : 4034 STONYBROOK DRIVE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,793.03 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 0030938625 MORTGAGORS: HOUSER GREGORY
HOUSER SUSAN
REGION CODE ADDRESS : 3627 MONTROSE PLACE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 320,175.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,175.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,238.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030938724 MORTGAGORS: OSGA GLENN
OSGA BARBARA
REGION CODE ADDRESS : 7636 ROWENA STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92119
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,811.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,341,675.00
P & I AMT: 9,271.73
UPB AMT: 1,340,687.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030939078 MORTGAGORS: SALYER RONALD
SALYER MARGIE
REGION CODE ADDRESS : 6550 TALLWOOD DRIVE
01 CITY : ROANOKE
STATE/ZIP : VA 24018
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,803.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.86400
----------------------------------------------------------------
0 0030939128 MORTGAGORS: NASH TIMOTHY
NASH HEIDI
REGION CODE ADDRESS : 41 BERLIN ROAD
01 CITY : BOLTON
STATE/ZIP : MA 01740
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030939151 MORTGAGORS: KNOWLTON CARL
KNOWLTON CAMILLE
REGION CODE ADDRESS : 22 KATHRYN DRIVE
01 CITY : ASHLAND
STATE/ZIP : MA 01720
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,305.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 83.63300
----------------------------------------------------------------
0 0030939441 MORTGAGORS: GARSON NANCY
GARSON THOMAS
REGION CODE ADDRESS : 162 EAST 80TH STREET #3B
01 CITY : NEW YORK
STATE/ZIP : NY 10021
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 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 : 47.24400
----------------------------------------------------------------
0 0030939516 MORTGAGORS: METZGER SCOTT
METZGER PAIGE
REGION CODE ADDRESS : 29 ROSSLYN COURT
01 CITY : LITTLE SILVER
STATE/ZIP : NJ 07738
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.70900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,285,500.00
P & I AMT: 9,007.67
UPB AMT: 1,284,940.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030939631 MORTGAGORS: HACKETT MICHAEL
HACKETT DENISE
REGION CODE ADDRESS : 5879 GOLD CREEK DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 336,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,362.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,411.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0030939920 MORTGAGORS: CAMPBELL ANTHONY
CAMPBELL CHRISTINE
REGION CODE ADDRESS : 3728 VISTA WAY
01 CITY : WESTON
STATE/ZIP : FL 33331
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,685.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.80100
----------------------------------------------------------------
0 0030940142 MORTGAGORS: BRULOOT ROBERT
REGION CODE ADDRESS : 400 SOUTH POINTE DRIVE #404
01 CITY : MIAMI BEACH
STATE/ZIP : FL 33139
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,858.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 63.15700
----------------------------------------------------------------
0 0030940233 MORTGAGORS: STEMEN DOUGLAS
STEMEN PAMELA
REGION CODE ADDRESS : 10327 ARRAN COURT
01 CITY : HUNTERSVILLE
STATE/ZIP : NC 28078
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,670.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,491.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030940423 MORTGAGORS: HILL ROBERT
HILL DIANA
REGION CODE ADDRESS : 27593 MOUNTAIN BROOK DRIVE
01 CITY : CONIFER
STATE/ZIP : CO 80433
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 51.32700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,310,600.00
P & I AMT: 9,475.78
UPB AMT: 1,309,576.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030940530 MORTGAGORS: KHEIR NABIL
KHEIR MAGDA
REGION CODE ADDRESS : 12011 POMERING ROAD
01 CITY : DOWNEY
STATE/ZIP : CA 90242
MORTGAGE AMOUNT : 232,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030940696 MORTGAGORS: WITTKAMP JOEL
WITTKAMP DAWN
REGION CODE ADDRESS : 238 MERRITT DRIVE
01 CITY : ORADELL
STATE/ZIP : NJ 07649
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 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 : 76.25000
----------------------------------------------------------------
0 0030941546 MORTGAGORS: KENT MARK
KENT SUSAN
REGION CODE ADDRESS : 1460 WATERFORD LANE
01 CITY : VALLEY FORGE
STATE/ZIP : PA 19482
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030941694 MORTGAGORS: SULLIVAN THOMAS
SULLIVAN MARY
REGION CODE ADDRESS : 16 LYLE DRIVE
01 CITY : MADISON
STATE/ZIP : CT 06443
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,513.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030941975 MORTGAGORS: PICARD WILLIAM
PICARD LISA
REGION CODE ADDRESS : 1631 NORTH WOODSTOCK STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 208,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,697.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,472.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,258,200.00
P & I AMT: 8,907.29
UPB AMT: 1,257,411.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030942007 MORTGAGORS: SISON DAVID
SISON DEBORAH
REGION CODE ADDRESS : 6458 NORTHWEST 103RD LANE
01 CITY : PARKLAND
STATE/ZIP : FL 33076
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,993.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030942932 MORTGAGORS: FLYNN EDWARD
FLYNN JEANNE
REGION CODE ADDRESS : 32884 DANAPOPLAR
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,815.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
0 0030943617 MORTGAGORS: DIAMOND MICHAEL
DIAMOND NINA
REGION CODE ADDRESS : 12878 KEDLESTON CIRCLE
01 CITY : FORT MYERS
STATE/ZIP : FL 33912
MORTGAGE AMOUNT : 248,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,674.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030943716 MORTGAGORS: PUMPHREY JAY
PUMPHREY CYNTHIA
REGION CODE ADDRESS : #4 TOSCANY
01 CITY : MANSFIELD
STATE/ZIP : TX 76063
MORTGAGE AMOUNT : 299,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,249.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,121.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.07600
----------------------------------------------------------------
0 0030943740 MORTGAGORS: BROWN THOMAS
CASELLA DINA
REGION CODE ADDRESS : 51 CONTINENTAL DRIVE
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 245,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,700.00 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: 1,315,650.00
P & I AMT: 9,330.39
UPB AMT: 1,314,432.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030943823 MORTGAGORS: PRESTON EDWARD
MACHESKI GINGER
REGION CODE ADDRESS : 1309 DEERBROOK DRIVE
01 CITY : VALDOSTA
STATE/ZIP : GA 31602
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030944136 MORTGAGORS: BURK BRIAN
FANTINI-BURK PAULA
REGION CODE ADDRESS : 8 ALFA COURT
01 CITY : MIDDLETOWN
STATE/ZIP : NJ 07748
MORTGAGE AMOUNT : 218,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,229.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,489.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030944870 MORTGAGORS: TIFT BRUCE
TIFT REVA
REGION CODE ADDRESS : 501 PLEASANT STREET
01 CITY : BOULDER
STATE/ZIP : CO 80302
MORTGAGE AMOUNT : 223,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,642.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0030944904 MORTGAGORS: LAINO PAUL
LAINO MICHELLE
REGION CODE ADDRESS : 6300 CROOKED OAK LANE
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22042
MORTGAGE AMOUNT : 183,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 183,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,280.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030944979 MORTGAGORS: CASSERLY CHARLES
CASSERLY BEVERLEY
REGION CODE ADDRESS : 9428 VERNON DRIVE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 584,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 583,158.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,033.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,477,450.00
P & I AMT: 10,304.97
UPB AMT: 1,476,230.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030945083 MORTGAGORS: RODRIGUEZ EDWARD
RODRIGUEZ ANNE
REGION CODE ADDRESS : 3335 BUCHANAN STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94123
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,300.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.36360
----------------------------------------------------------------
0 0030945380 MORTGAGORS: STOCKER CARL
STOCKER DIANE
REGION CODE ADDRESS : 113 HOLBROOK TRAIL
01 CITY : GREENVILLE
STATE/ZIP : SC 29605
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 38.46100
----------------------------------------------------------------
0 0030945745 MORTGAGORS: SMITH HOWARD
SMITH JANE
REGION CODE ADDRESS : 6730 WILDLIFE ROAD
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 626,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 625,634.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,542.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 52.20800
----------------------------------------------------------------
0 0030945802 MORTGAGORS: MORITZ NEAL
REGION CODE ADDRESS : 680 ELKINS ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,434.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0030946008 MORTGAGORS: KATZ JONATHAN
KATZ JILL
REGION CODE ADDRESS : 440 SAW MILL ROAD
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,745.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,313.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.85600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,117,000.00
P & I AMT: 14,824.47
UPB AMT: 2,115,504.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030946248 MORTGAGORS: MAHONEY EDWARD
MAHONEY JAMIE
REGION CODE ADDRESS : 12123 WINDSOR HALL WAY
01 CITY : HERNDON
STATE/ZIP : VA 20170
MORTGAGE AMOUNT : 333,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,102.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,330.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030946255 MORTGAGORS: TANKSLEY DAVID
TANKSLEY BEVERLY
REGION CODE ADDRESS : 11318 INGLISH MILL DRIVE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 482,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 481,282.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,370.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030946594 MORTGAGORS: ANDERSON GARY
ANDERSON SHARI
REGION CODE ADDRESS : 1804 FONTAINE COURT
01 CITY : AUSTIN
STATE/ZIP : TX 78734
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,826.29 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 : 65.75300
----------------------------------------------------------------
0 0030947337 MORTGAGORS: BARKHORN JONATHAN
BARKHORN PRISCILLA
REGION CODE ADDRESS : 17 SCHOOL AVENUE
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,317.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030947964 MORTGAGORS: JOHNSON CURTIS
JOHNSON ANA
REGION CODE ADDRESS : 16650 39TH PLACE NORTH
01 CITY : PLYMOUTH
STATE/ZIP : MN 55446
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,815.95 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
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,647,350.00
P & I AMT: 11,451.39
UPB AMT: 1,646,027.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030948111 MORTGAGORS: LINCOLN STEPHEN
REGION CODE ADDRESS : 5440 HIDDEN SPRINGS ROAD
01 CITY : FT. COLLINS
STATE/ZIP : CO 80526
MORTGAGE AMOUNT : 279,375.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,959.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030948236 MORTGAGORS: KUNTZ JAMES
KUNTZ MAJORIE
REGION CODE ADDRESS : 7965 VIA ORILLA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.29800
----------------------------------------------------------------
0 0030948335 MORTGAGORS: DEARDEN JAMES
DEARDEN CAROL
REGION CODE ADDRESS : 1075 KAHULUI STREET
01 CITY : HONOLULU
STATE/ZIP : HI 96825
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,762.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.69700
----------------------------------------------------------------
0 0030948368 MORTGAGORS: SCANDALITO DANIEL
SCANDALITO PETRA
REGION CODE ADDRESS : 56 HOPKINS ROAD
01 CITY : WOODSTOCK
STATE/ZIP : CT 06281
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,983.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.03000
----------------------------------------------------------------
0 0030948434 MORTGAGORS: MITCHELL KEITH
MITCHELL KATHI
REGION CODE ADDRESS : 1003 WEST CYPRESS DRIVE
01 CITY : ARLINGTON HEIGHTS
STATE/ZIP : IL 60005
MORTGAGE AMOUNT : 225,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,991.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.40200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,483,525.00
P & I AMT: 10,420.19
UPB AMT: 1,482,416.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030948459 MORTGAGORS: PHILLIPS VICTOR
PHILLIPS LORI
REGION CODE ADDRESS : 10329 RANCHO STREET
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91737
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,831.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,533.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.30700
----------------------------------------------------------------
0 0030949085 MORTGAGORS: PIZZI PETER
JOYCE ELIZABETH
REGION CODE ADDRESS : 158 SPRING VALLEY ROAD
01 CITY : CHATHAM TOWNSHIP
STATE/ZIP : NJ 07935
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,499.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 45.07040
----------------------------------------------------------------
0 0030949382 MORTGAGORS: GENDREAU STEVEN
GENDREAU DIANE
REGION CODE ADDRESS : 28 ROBIN CREST COURT
01 CITY : SEEKONK
STATE/ZIP : MA 02771
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 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 0030949630 MORTGAGORS: MITCHELL SUSAN
REGION CODE ADDRESS : 824 HOWARD STREET
01 CITY : WHEATON
STATE/ZIP : IL 60187
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,273.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030949663 MORTGAGORS: YEE HAL
YEE FRANCES
REGION CODE ADDRESS : 4624 GABLE DRIVE
01 CITY : ENCINO
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,753.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,406.50 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: 1,498,500.00
P & I AMT: 10,567.89
UPB AMT: 1,497,358.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030949754 MORTGAGORS: WOODING PAULA
REGION CODE ADDRESS : 2894 KNOB HILL DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30339
MORTGAGE AMOUNT : 203,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,559.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,476.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.97600
----------------------------------------------------------------
0 0030950380 MORTGAGORS: GARCIA ALEXANDER
GARCIA SHERIE
REGION CODE ADDRESS : 5942 FALLING TREE LANE
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91737
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030951164 MORTGAGORS: GRUBB THOMAS
BEGG WENDY
REGION CODE ADDRESS : 2229 HIGH COUNTRY DRIVE
01 CITY : CARROLLTON
STATE/ZIP : TX 75007
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 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 0030951479 MORTGAGORS: YON YVES
REGION CODE ADDRESS : 2743 NE 18TH STREET
01 CITY : FORT LAUDERDALE
STATE/ZIP : FL 33305
MORTGAGE AMOUNT : 241,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,333.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030951883 MORTGAGORS: ENGEL ELLIOTT
BARSKY GAIL
REGION CODE ADDRESS : 4 WINDBROOK DRIVE
01 CITY : SPRINGFIELD
STATE/ZIP : PA 19064
MORTGAGE AMOUNT : 499,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,708.77 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: 1,515,700.00
P & I AMT: 11,003.47
UPB AMT: 1,515,393.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030952113 MORTGAGORS: PELECH MICHAEL
REGION CODE ADDRESS : 50 WILTSHIRE DRIVE
01 CITY : LINCOLNSHIRE
STATE/ZIP : IL 60069
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030952196 MORTGAGORS: COURTNEY ROY
COURTNEY SARAH
REGION CODE ADDRESS : 2685 ADOBE FALLS ROAD
01 CITY : LOMPOC
STATE/ZIP : CA 93436
MORTGAGE AMOUNT : 312,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,567.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,187.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.33300
----------------------------------------------------------------
0 0030952212 MORTGAGORS: HARTLEY ROBERT
HARTLEY RONILYN
REGION CODE ADDRESS : 425 SUNNINGDALE COURT
01 CITY : ROSEVILLE
STATE/ZIP : CA 95747
MORTGAGE AMOUNT : 259,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,307.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
0 0030952444 MORTGAGORS: MCGLYNN MAUREEN
REGION CODE ADDRESS : 1747 OLD WELSH ROAD
01 CITY : HUNTINGDON VALLEY
STATE/ZIP : PA 19006
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,402.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030952808 MORTGAGORS: MARKOWSKI PAUL
MARKOWSKI KAREN
REGION CODE ADDRESS : 428 ANTHONY STREET
01 CITY : GLEN ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.13 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: 1,297,400.00
P & I AMT: 9,109.51
UPB AMT: 1,296,777.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030952956 MORTGAGORS: LICHTMAN HOWARD
LICHTMAN ILENE
REGION CODE ADDRESS : 10714 ESTERINA WAY
01 CITY : CULVER CITY
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,718.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,081.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 56.00000
----------------------------------------------------------------
0 0030953087 MORTGAGORS: ANDERSON THOMAS
ANDERSON EVELYN
REGION CODE ADDRESS : 721 WILLOW RUN ROAD
01 CITY : AMBLER
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,326.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,829.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030953293 MORTGAGORS: NITTI DAVID
NITTI CHRISTINE
REGION CODE ADDRESS : 272 OLDWOODS ROAD
01 CITY : FRANKLIN LAKES
STATE/ZIP : NJ 07417
MORTGAGE AMOUNT : 514,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 514,545.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,733.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.85000
----------------------------------------------------------------
0 0030953434 MORTGAGORS: MILLER SCOTT
MILLER DIONE
REGION CODE ADDRESS : 17656 WESTHAMPTON WOODS DRIVE
01 CITY : WILDWOOD
STATE/ZIP : MO 63005
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,784.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030953525 MORTGAGORS: MEHTA PRAVIN
MEHTA JOAN
REGION CODE ADDRESS : 49 NELSON BROOK ROAD
01 CITY : MONROE
STATE/ZIP : CT 06468
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 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 : 69.47800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,904,900.00
P & I AMT: 13,494.07
UPB AMT: 1,903,374.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030953947 MORTGAGORS: LEE JEFF
KESSLER BARRIE
REGION CODE ADDRESS : 1505 12TH STREET N.W.
01 CITY : WASHINGTON
STATE/ZIP : DC 20005
MORTGAGE AMOUNT : 283,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,539.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,984.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.03700
----------------------------------------------------------------
0 0030954051 MORTGAGORS: PARIKH MADHAVI
REGION CODE ADDRESS : 1543 RANCHO HILLS DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,795.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.02200
----------------------------------------------------------------
0 0030954879 MORTGAGORS: LANE DAVID
REYNOLDS CANDACE
REGION CODE ADDRESS : 90 WEST STREET
01 CITY : BEVERLY
STATE/ZIP : MA 01915
MORTGAGE AMOUNT : 386,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,866.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.76700
----------------------------------------------------------------
0 0030954895 MORTGAGORS: BRUCE ROBERT
BRUCE LISA
REGION CODE ADDRESS : 261 ST. ANDREWS DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,824.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,588.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.16200
----------------------------------------------------------------
0 0030955025 MORTGAGORS: VAN SICKLER DOUGLAS
VAN SICKLER CAROLE
REGION CODE ADDRESS : 9820 LAKE DRIVE #B-7
01 CITY : MYRTLE BEACH
STATE/ZIP : SC 29572
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,824.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 87.33330
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,410,750.00
P & I AMT: 10,017.69
UPB AMT: 1,409,984.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030955736 MORTGAGORS: ISEN ROBERT
ISEN PATRICIA
REGION CODE ADDRESS : 417 FISHERS ROAD
01 CITY : BRYN MAWR
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,447.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 48.48400
----------------------------------------------------------------
0 0030955769 MORTGAGORS: PENINGER THOMAS
PENINGER MEGGAN
REGION CODE ADDRESS : 10206 186TH COURT NE
01 CITY : REDMOND
STATE/ZIP : WA 98052
MORTGAGE AMOUNT : 257,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,308.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030955777 MORTGAGORS: COLLINS WILLIAM
RAMIREZ LORENA
REGION CODE ADDRESS : 905 JULIET AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 303,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,535.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030955884 MORTGAGORS: FAY RAYMOND
HIRASHIMA INGRID
REGION CODE ADDRESS : 2860-62 GREENWICH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94123
MORTGAGE AMOUNT : 645,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 645,108.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,459.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030955942 MORTGAGORS: SCHMITS JEROEN
BOS MURIEL
REGION CODE ADDRESS : 2401 GREENBRIAR COURT
01 CITY : VESTAL
STATE/ZIP : NY 13850
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,817.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,858,850.00
P & I AMT: 13,119.51
UPB AMT: 1,857,218.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030956445 MORTGAGORS: TRAVELSTEAD MALCOLM
TRAVELSTEAD BROOKE
REGION CODE ADDRESS : 80 BELLEVUE AVENUE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,735.33 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 : 44.91000
----------------------------------------------------------------
0 0030956593 MORTGAGORS: HANDLER ALAN
HANDLER DIANE
REGION CODE ADDRESS : 260 NORTHLIND DRIVE
01 CITY : DEFIANCE,
STATE/ZIP : MO 63341
MORTGAGE AMOUNT : 373,478.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,975.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,740.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.99900
----------------------------------------------------------------
0 0030956619 MORTGAGORS: LANCE D.
REGION CODE ADDRESS : 7 NOB HILL CIRCLE
01 CITY : AUSTIN
STATE/ZIP : TX 78746
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 52.00000
----------------------------------------------------------------
0 0030956692 MORTGAGORS: LUTENDER SCOTT
LUTENDER LISA
REGION CODE ADDRESS : 12593 CURLING DRIVE
01 CITY : MANASSAS
STATE/ZIP : VA 20112
MORTGAGE AMOUNT : 249,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0030956775 MORTGAGORS: MEIER MONTE
MEIER DRUSSELA
REGION CODE ADDRESS : 531 DOUBLE CHURCHES ROAD
01 CITY : COLUMBUS
STATE/ZIP : GA 31904
MORTGAGE AMOUNT : 275,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,995.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.24 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: 1,923,428.00
P & I AMT: 13,719.61
UPB AMT: 1,921,985.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030957146 MORTGAGORS: GROVES LINDA
REGION CODE ADDRESS : 1 LAUREL STREET
01 CITY : CHARLESTOWN
STATE/ZIP : MA 02129
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,713.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,016.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.49000
----------------------------------------------------------------
0 0030957179 MORTGAGORS: GRAHAM ROBERT
GRAHAM ELIZABETH
REGION CODE ADDRESS : 29 MISTY LANE
01 CITY : WESTFORD
STATE/ZIP : MA 01886
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.53200
----------------------------------------------------------------
0 0030957211 MORTGAGORS: CHANDRA RAJU
CHANDRA SEEMA
REGION CODE ADDRESS : 1524 MONTEVAL LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95210
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 49.07400
----------------------------------------------------------------
0 0030957229 MORTGAGORS: LANNING KEVIN
LANNING RIMA
REGION CODE ADDRESS : 2984 HOLIDAY COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,794.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,245.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.46100
----------------------------------------------------------------
0 0030957278 MORTGAGORS: DEETZ STANLEY
MAHON KAREN
REGION CODE ADDRESS : 2430 VASSAR
01 CITY : BOULDER
STATE/ZIP : CO 80303
MORTGAGE AMOUNT : 303,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,319.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,502,920.00
P & I AMT: 10,893.24
UPB AMT: 1,476,659.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030957468 MORTGAGORS: JOHNSON JEFFREY
JOHNSON KATHLEEN
REGION CODE ADDRESS : 312 ORTEGA STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030957542 MORTGAGORS: GUTHRIDGE WIIIIAM
GUTHRIDHE CYNTHIA
REGION CODE ADDRESS : 1103 GLASTONBURY WAY
01 CITY : BEL AIR
STATE/ZIP : MD 21014
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,801.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030957575 MORTGAGORS: UYEMURA KOICHI
WONG LINDA
REGION CODE ADDRESS : 1333 PADRES TRAIL
01 CITY : LA CANADA
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,647.11 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 : 71.42857
----------------------------------------------------------------
0 0030957658 MORTGAGORS: CRANE DANIEL
DALE JANET
REGION CODE ADDRESS : 3259 WEST SIERRA DRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.84000
----------------------------------------------------------------
0 0030957815 MORTGAGORS: PADEN JOHN
PADEN THERESA
REGION CODE ADDRESS : 2768 MARVELLA COURT
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 416,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,680.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,163.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 73.40300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,742,200.00
P & I AMT: 12,457.78
UPB AMT: 1,740,700.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030957955 MORTGAGORS: DE MARCO JOHN
DE MARCO HA
REGION CODE ADDRESS : 6330 W 82ND STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,224.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030958060 MORTGAGORS: BOOTEN TERESA
FAY MONICA
REGION CODE ADDRESS : 15920 DESCANSA COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,999.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030958110 MORTGAGORS: REID EDWARD
REID SUSAN
REGION CODE ADDRESS : 8213 S. OLD OREGON INLET ROAD
01 CITY : NAGS HEAD
STATE/ZIP : NC 27959
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,509.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.34700
----------------------------------------------------------------
0 0030958250 MORTGAGORS: BANDY MAX
BANDY SUSAN
REGION CODE ADDRESS : 9838 SPENCER ROAD
01 CITY : SOUTH LYON
STATE/ZIP : MI 48178
MORTGAGE AMOUNT : 221,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,322.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,492.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.08400
----------------------------------------------------------------
0 0030958359 MORTGAGORS: TEITELMAN GILBERT
TEITELMAN ELYCE
REGION CODE ADDRESS : 1552 MT PLEASANT ROAD
01 CITY : VILLANOVA
STATE/ZIP : PA 19085
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,661.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,438.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 52.17300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,549,100.00
P & I AMT: 10,974.10
UPB AMT: 1,548,208.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030958433 MORTGAGORS: MICHELL JEFFREY
REGION CODE ADDRESS : 9961 DEERBROOK DRIVE
01 CITY : CHANHASSEN
STATE/ZIP : MN 55317
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 : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.80900
----------------------------------------------------------------
0 0030958540 MORTGAGORS: LONG ED
LONG ALICE
REGION CODE ADDRESS : 904 OVILLA OAKS DRIVE
01 CITY : OVILLA
STATE/ZIP : TX 75154
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,612.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,570.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/26
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030958748 MORTGAGORS: WHITCHER JEFFREY
WHITCHER MELODY
REGION CODE ADDRESS : 7001 59TH STREET COURT WEST
01 CITY : TACOMA
STATE/ZIP : WA 98467
MORTGAGE AMOUNT : 225,240.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,944.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0030958813 MORTGAGORS: ARMSTRONG WARD
ARMSTRONG PAMELA
REGION CODE ADDRESS : 1230 HUNT COUNTRY FARMS RD
01 CITY : MARTINSVILLE
STATE/ZIP : VA 24112
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.90600
----------------------------------------------------------------
0 0030958839 MORTGAGORS: NISHANIAN JERAR
REGION CODE ADDRESS : 8510 BRENTHILL COURT
01 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 306,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,955.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,515,640.00
P & I AMT: 10,732.05
UPB AMT: 1,514,512.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030958912 MORTGAGORS: BARKAS WILLIAM
BARKAS JULIE
REGION CODE ADDRESS : 5634 SUMMER LAKE DRIVE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70817
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,072.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030959126 MORTGAGORS: TWOMEY MICHAEL
TWOMEY KARINA
REGION CODE ADDRESS : 14342 JACOB LANE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 149,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,488.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,046.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030959134 MORTGAGORS: LYON DAVID
LYON KATHLEEN
REGION CODE ADDRESS : 9033 SCOTT STREET
01 CITY : SPRINGFIELD
STATE/ZIP : VA 22153
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,212.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030959191 MORTGAGORS: CROWLEY TIMOTHY
CROWLEY MARIANNE
REGION CODE ADDRESS : 42 CANDY HILL LANE
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 600,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,350.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030959290 MORTGAGORS: BENDER DAVID
BENDER EILEEN
REGION CODE ADDRESS : 2212 RUSTIC PARK COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 224,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,571.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.90000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,472,000.00
P & I AMT: 10,469.74
UPB AMT: 1,471,524.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030959399 MORTGAGORS: MATSUMURA SHARON
CHONG DAVID
REGION CODE ADDRESS : 823 DRIFTWOOD DRIVE
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,392.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,646.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030959423 MORTGAGORS: CORNISH ERIC
CORNISH MARY
REGION CODE ADDRESS : 11401 CORONADO AVE NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87122
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,802.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.33300
----------------------------------------------------------------
0 0030959464 MORTGAGORS: SHEPARD H.
SHEPARD LORIE
REGION CODE ADDRESS : 16825 VIA DE SANTA FE
01 CITY : RANCHO SANTA FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 544,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 543,586.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,757.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030959506 MORTGAGORS: ATTAWAY LARRY
HICKS-ATTAWAY CHERYL
REGION CODE ADDRESS : 7896 EAST HIDDEN LAKE DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030960165 MORTGAGORS: BOLLINGER PAUL
BOLLINGER ELIZABETH
REGION CODE ADDRESS : 321 ORCHARD WAY
01 CITY : ST DAVIDS
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 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 : 68.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,707,000.00
P & I AMT: 11,842.11
UPB AMT: 1,705,611.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030960546 MORTGAGORS: KIRGAN TIM
KIRGAN MONICA
REGION CODE ADDRESS : 3481 NW 93RD AVENUE
01 CITY : ANKENY
STATE/ZIP : IA 50021
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030960603 MORTGAGORS: TODD DEBORAH
TODD STEPHEN
REGION CODE ADDRESS : 20456 SWAN CREEK COURT
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,230.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,273.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030960637 MORTGAGORS: RICCIARDELLI JAMES
RICCIARDELLI DONNA
REGION CODE ADDRESS : 6 ROBINSWOOD WAY
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 366,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,156.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,468.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0030960900 MORTGAGORS: HARRIS THOMAS
HARRIS DEBRA
REGION CODE ADDRESS : 6205 SIMON LANE
01 CITY : HUDSON
STATE/ZIP : OH 44236
MORTGAGE AMOUNT : 230,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,552.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030961205 MORTGAGORS: WALL JUDITH
WALL RICHARD
REGION CODE ADDRESS : 410-B N. KALAHEO STREET
01 CITY : KAILUA
STATE/ZIP : HI 96734
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,522.07 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: 1,671,950.00
P & I AMT: 11,640.25
UPB AMT: 1,671,387.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030961304 MORTGAGORS: LEATHERS-WALKER MISCHELLE
WALKER ROBERT
REGION CODE ADDRESS : 39 BELVEDERE DRIVE
01 CITY : YONKERS
STATE/ZIP : NY 10705
MORTGAGE AMOUNT : 224,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,949.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030961320 MORTGAGORS: KATZ PAUL
KATZ ANNE-MARIE
REGION CODE ADDRESS : 9432 VERNON DRIVE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,217.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,410.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.97700
----------------------------------------------------------------
0 0030961437 MORTGAGORS: SMITH STEVEN
SMITH RENEE
REGION CODE ADDRESS : 9820 MAHOGANY RUN
01 CITY : IJAMSVILLE
STATE/ZIP : MD 21754
MORTGAGE AMOUNT : 273,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,152.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0030961544 MORTGAGORS: WACHOWIAK DONALD
WACHOWIAK CATHERINE
REGION CODE ADDRESS : N. 3000 CRESTWOOD DRIVE
01 CITY : WAUPACA
STATE/ZIP : WI 54981
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030961635 MORTGAGORS: DANA PETER
TEIBER VIRGINIA
REGION CODE ADDRESS : 41 WILBUR DRIVE
01 CITY : ASHLAND
STATE/ZIP : MA 01721
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,461,450.00
P & I AMT: 10,375.20
UPB AMT: 1,460,165.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030961643 MORTGAGORS: MC LOUGHLIN MICHAEL
MC LOUGHLIN MARTHA
REGION CODE ADDRESS : 43576 RIDGE COURT
01 CITY : LEONARD TOWN
STATE/ZIP : MD 20650
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,826.29 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 : 80.00000
----------------------------------------------------------------
0 0030962013 MORTGAGORS: SMITH SCOTT
SMITH DIONNA
REGION CODE ADDRESS : 1155 VIA JOSE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030962633 MORTGAGORS: PORGES JOHN
REGION CODE ADDRESS : 239 EAST 79TH STREET #6A
01 CITY : NEW YORK
STATE/ZIP : NY 10021
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 716.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 30.76900
----------------------------------------------------------------
0 0030962872 MORTGAGORS: JONES SUSAN
ADAMS HUGH
REGION CODE ADDRESS : 428 PARK DRIVE
01 CITY : NORTH ARLINGTON
STATE/ZIP : VA 22203
MORTGAGE AMOUNT : 235,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,648.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030962914 MORTGAGORS: SUSAC KAREN
ALKASLASSY MICHEL
REGION CODE ADDRESS : 4724 164TH STREET SOUTH EAST
01 CITY : BOTHELL
STATE/ZIP : WA 98012
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,808.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,123,800.00
P & I AMT: 7,976.33
UPB AMT: 1,123,434.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030963029 MORTGAGORS: WAHL ROBERT
WAHL KRISTY
REGION CODE ADDRESS : 269 BLOSSOM VALLEY DRIVE
01 CITY : LOS GANS
STATE/ZIP : CA 94032
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,438.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,739.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030963045 MORTGAGORS: ANTONELLI THOMAS
ANTONELLI RHONDA
REGION CODE ADDRESS : 1423 ELMWOOD COURT
01 CITY : CHULA VISTA
STATE/ZIP : CA 91915
MORTGAGE AMOUNT : 234,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,575.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0030963078 MORTGAGORS: STURNIALO JOSEPH
STURNIALO REGINA
REGION CODE ADDRESS : 18 IVY HILL ROAD
01 CITY : MIDDLETOWN
STATE/ZIP : NJ 07748
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030963334 MORTGAGORS: BELATTI FRANK
REGION CODE ADDRESS : 401 PARVIN BLVD
01 CITY : FRIPPE ISLAND
STATE/ZIP : SC 29920
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.78787
----------------------------------------------------------------
0 0030963508 MORTGAGORS: THOMAS MICHAEL
SIDERS LINDA
REGION CODE ADDRESS : 15109 SEGURIDAD DRIVE
01 CITY : RANCHO MURIETA
STATE/ZIP : CA 95683
MORTGAGE AMOUNT : 218,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,549.71 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: 1,347,100.00
P & I AMT: 9,535.79
UPB AMT: 1,346,363.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030964324 MORTGAGORS: AMORUSO WILLIAM
AMORUSO MARY
REGION CODE ADDRESS : 5185 TAMARACK
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,306.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.23600
----------------------------------------------------------------
0 0030964373 MORTGAGORS: CHANTHAVONG VILAPHORN
CHANTHAVONG BETH
REGION CODE ADDRESS : 425 CALIENTE WAY
01 CITY : OXNARD
STATE/ZIP : CA 93030
MORTGAGE AMOUNT : 241,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,129.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030964381 MORTGAGORS: LARSON CHARLES
LARSON KARLA
REGION CODE ADDRESS : W4455 OVERLAND TRAIL
01 CITY : FOND DU LAC
STATE/ZIP : WI 54935
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.81800
----------------------------------------------------------------
0 0030964449 MORTGAGORS: FIALA BRIAN
FIALA KELLEY
REGION CODE ADDRESS : 104 SHADESTONE ROAD
01 CITY : LANDENBURG
STATE/ZIP : PA 19350
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,672.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,199.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030964464 MORTGAGORS: WOLF PEGGY
REGION CODE ADDRESS : 3860 RHODA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,843.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,774.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 73.53800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,558,800.00
P & I AMT: 11,221.32
UPB AMT: 1,557,952.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030964498 MORTGAGORS: CLAIR RAMNIK
CLAIR BALBIR
REGION CODE ADDRESS : 10618 LALOMA WAY
01 CITY : STOCKTON
STATE/ZIP : CA 95212
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 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 : 78.89500
----------------------------------------------------------------
0 0030964548 MORTGAGORS: KEITH DOUGLAS
KEITH KATHLEEN
REGION CODE ADDRESS : 56 MONTEIRO WAY
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030964696 MORTGAGORS: ACQUARELLI HENRY
ACQUARELLI KRISTEN
REGION CODE ADDRESS : 13778 VISTA PONIENTE
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,777.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,172.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.23500
----------------------------------------------------------------
0 0030965172 MORTGAGORS: LINDT STEVEN
LINDT LINDA
REGION CODE ADDRESS : 1609 MONTEVAL COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 319,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,718.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0030965370 MORTGAGORS: SAUNDERS EVAN
REGION CODE ADDRESS : 6330 NORTH LAKE DRIVE
01 CITY : WHITEFISH BAY
STATE/ZIP : WI 53217
MORTGAGE AMOUNT : 542,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 541,627.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,929.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.55000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,855,350.00
P & I AMT: 13,245.77
UPB AMT: 1,854,523.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030965461 MORTGAGORS: EDDY DONALD
IVES JANET
REGION CODE ADDRESS : 2 NORTH BRONCO LANE
01 CITY : BELL CANYON
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 408,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,928.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030965503 MORTGAGORS: BRANCH WILLIAM
REGION CODE ADDRESS : 3104 OAK AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 403,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,915.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,888.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030966204 MORTGAGORS: CHENG MEI-FANG
REGION CODE ADDRESS : 2 TANGLEWOOD DRIVE
01 CITY : WARREN
STATE/ZIP : NJ 07059
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.88500
----------------------------------------------------------------
0 0030966329 MORTGAGORS: LEWIS MICHAEL
LEWIS TRACEY
REGION CODE ADDRESS : 701 ABERDEEN WAY
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 284,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,011.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030966345 MORTGAGORS: HEALY MICHAEL
ELLIOTT CARRIE
REGION CODE ADDRESS : 4501 CROWN KNOLL CIRCLE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 335,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,057.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.54600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,724,550.00
P & I AMT: 12,276.26
UPB AMT: 1,724,022.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030966360 MORTGAGORS: LANG ANDREW
LANG JANE
REGION CODE ADDRESS : 4430 S CLARKSON STREET
01 CITY : CHERRY HILLS VILLAGE
STATE/ZIP : CO 80110
MORTGAGE AMOUNT : 257,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,318.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,844.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.66600
----------------------------------------------------------------
0 0030966600 MORTGAGORS: EINHORN MICHAEL
EINHORN NANCY
REGION CODE ADDRESS : 920 PINE VALLEY CIRCLE
01 CITY : RYDAL
STATE/ZIP : PA 19046
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.44700
----------------------------------------------------------------
0 0030967228 MORTGAGORS: O'GARA GREGORY
O'GARA LORI
REGION CODE ADDRESS : 33 BERKLEY COURT
01 CITY : MORGANVILLE
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 273,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0030967269 MORTGAGORS: BERGER FRED
BERGER DONNA
REGION CODE ADDRESS : 5317 CALLE VISTA
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 598,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 597,533.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,079.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.75000
----------------------------------------------------------------
0 0030967293 MORTGAGORS: JOHNSON LINWOOD
JOHNSON KIM
REGION CODE ADDRESS : 81 ELMWOOD ROAD
01 CITY : LUNENBURG
STATE/ZIP : MA 01462
MORTGAGE AMOUNT : 221,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,177.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,510.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,700,750.00
P & I AMT: 11,856.77
UPB AMT: 1,699,929.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030967392 MORTGAGORS: CAPOBIANCO JOHN
CAPOBIANCO MAUREEN
REGION CODE ADDRESS : 1518 GENERALS WAY
01 CITY : WEST CHESTER
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 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 0030967665 MORTGAGORS: STROTHER DOUGLAS
STROTHER LAURIE
REGION CODE ADDRESS : 4138 COLERIDGE STREET
01 CITY : HOUSTON
STATE/ZIP : TX 77005
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,796.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.44400
----------------------------------------------------------------
0 0030967681 MORTGAGORS: GARNES ERNEST
GARNES KATHRYN
REGION CODE ADDRESS : 20010 SOUTHEAST 20TH PLACE
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.57100
----------------------------------------------------------------
0 0030967715 MORTGAGORS: SHAWVER BRIAN
SHAWVER DIANNA
REGION CODE ADDRESS : 61395 STEENS MOUNTAIN LOOP
01 CITY : BEND
STATE/ZIP : OR 97702
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.98700
----------------------------------------------------------------
0 0030968440 MORTGAGORS: ALSPAUGH JOHN
ALSPAUGH LINDA
REGION CODE ADDRESS : 3313 CAMINO CORONADO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,301.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.76900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,366,500.00
P & I AMT: 9,584.22
UPB AMT: 1,365,919.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030968473 MORTGAGORS: KRUEGER VAN
JENSEN MEY-LING
REGION CODE ADDRESS : 508 SIRINA COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 227,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,343.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0030968648 MORTGAGORS: LETO GREGORY
LETO PATRICIA
REGION CODE ADDRESS : 17 CHESTNUT STREET
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 399,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,725.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,893.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.78200
----------------------------------------------------------------
0 0030968655 MORTGAGORS: JUSTICE MALCOLM
JUSTICE KIMBERLY
REGION CODE ADDRESS : 2012 COMMODORE ROAD
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.26800
----------------------------------------------------------------
0 0030968713 MORTGAGORS: MC CONNELL JOHN
MC CONNELL MARY
REGION CODE ADDRESS : 10034 SCENIC VIEW TERRACE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,284.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968739 MORTGAGORS: HILGERT CHRISTOPHER
HILGERT JILL
REGION CODE ADDRESS : 59 GLEASONDALE ROAD
01 CITY : STOW
STATE/ZIP : MA 01775
MORTGAGE AMOUNT : 219,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,352.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,610.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.53800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,797,500.00
P & I AMT: 12,887.83
UPB AMT: 1,796,568.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030968796 MORTGAGORS: O' DEA MARY
O' DEA PATRICK
REGION CODE ADDRESS : 3707 MANZANITA DRIVE
01 CITY : LOVELAND
STATE/ZIP : CO 80537
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,813.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.86900
----------------------------------------------------------------
0 0030968804 MORTGAGORS: KILLOUGH PETER
KILLOUGH BIRGITTA
REGION CODE ADDRESS : 801 SLIGO CREEK PKW
01 CITY : TAKOMA PARK
STATE/ZIP : MD 20912
MORTGAGE AMOUNT : 213,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,449.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,530.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968895 MORTGAGORS: HARTMAN MARK
HARTMAN LAURA
REGION CODE ADDRESS : 4 THOMPSON COURT
01 CITY : TWP OF MORRIS
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,029.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.93700
----------------------------------------------------------------
0 0030968960 MORTGAGORS: WINCHESTER CHARLES
WINCHESTER JOYCE
REGION CODE ADDRESS : 815 KNOLLWOOD TERRACE
01 CITY : WESTVILLE
STATE/ZIP : NJ 07094
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,744.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968978 MORTGAGORS: CHWERCHAK EUGENE
DRAPER SHERRY
REGION CODE ADDRESS : 15 CYPRESS POINT COURT
01 CITY : FRISCO
STATE/ZIP : TX 75034
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 86.95650
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,354,100.00
P & I AMT: 9,512.13
UPB AMT: 1,353,335.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030969059 MORTGAGORS: RUSSACK ERIC
RUSSACK AMY
REGION CODE ADDRESS : 34 LOCKWOOD AVENUE
01 CITY : GREENWICH
STATE/ZIP : CT 06870
MORTGAGE AMOUNT : 374,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,708.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,551.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.33300
----------------------------------------------------------------
0 0030969067 MORTGAGORS: SKLITSIS NICHOLAS
BATTAGLIA EMILIA
REGION CODE ADDRESS : 161 LOCUST LANE
01 CITY : IRVINGTON
STATE/ZIP : NY 10533
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,220.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030969141 MORTGAGORS: CAPEZZUTO JOSEPH
CAPEZZUTO LORETTA
REGION CODE ADDRESS : 12 DUANE DRIVE
01 CITY : NORTH READING
STATE/ZIP : MA 01864
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
0 0030969166 MORTGAGORS: MAY HERBERT
MAY TEDDI
REGION CODE ADDRESS : 20 WAMESIT ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02168
MORTGAGE AMOUNT : 373,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,677.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 56.62100
----------------------------------------------------------------
0 0030969315 MORTGAGORS: PETERKA ANN-JUDITH
REGION CODE ADDRESS : 34 NORTH HIGHCREST DRIVE
01 CITY : HAWTHORNE
STATE/ZIP : NJ 07506
MORTGAGE AMOUNT : 293,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.81 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: 1,535,700.00
P & I AMT: 10,899.33
UPB AMT: 1,535,059.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030969703 MORTGAGORS: BURKE MICHAEL
BURKE SHEILA
REGION CODE ADDRESS : 20543 COURIER RIDGE PLACE
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,820.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,515.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.97400
----------------------------------------------------------------
0 0030969760 MORTGAGORS: SEXTON THOMAS
SEXTON KATHLEEN
REGION CODE ADDRESS : 5 SHERWOOD DRIVE
01 CITY : BRIELLE
STATE/ZIP : NJ 08730
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030969778 MORTGAGORS: SITES TIMOTHY
SITES SUSAN
REGION CODE ADDRESS : 1259 TURNBRIDGE TRAIL
01 CITY : ALGONQUIN
STATE/ZIP : IL 60102
MORTGAGE AMOUNT : 228,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,725.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98000
----------------------------------------------------------------
0 0030969786 MORTGAGORS: GENSEMER SANDRA
REGION CODE ADDRESS : 37 OLD RUTHERFORD AVE
01 CITY : CHARLESTOWN
STATE/ZIP : MA 02129
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 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 : 60.00000
----------------------------------------------------------------
0 0030969844 MORTGAGORS: O'LEARY DAVID
O'LEARY DONNA
REGION CODE ADDRESS : 34 BARBERRY LANE
01 CITY : NEW PROVIDENCE
STATE/ZIP : NJ 07974
MORTGAGE AMOUNT : 232,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.62 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: 1,257,600.00
P & I AMT: 8,872.14
UPB AMT: 1,257,245.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030969885 MORTGAGORS: ABRAMS THOMAS
ABRAMS LEA
REGION CODE ADDRESS : 5 BREEZE KNOLL DRIVE
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 37.97400
----------------------------------------------------------------
0 0030970024 MORTGAGORS: JOHNSON ROBERT
JOHNSON ELEANOR
REGION CODE ADDRESS : 6718 WINDROCK ROAD
01 CITY : DALLAS
STATE/ZIP : TX 75252
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,816.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030970073 MORTGAGORS: DUNLEAVY JOHN
DUNLEAVY BARBARA
REGION CODE ADDRESS : 74 PHEASANT RUN
01 CITY : OLD TAPPAN
STATE/ZIP : NJ 07675
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.41300
----------------------------------------------------------------
0 0030970081 MORTGAGORS: GEORGER EDWARD
GEORGER DEBRA
REGION CODE ADDRESS : 21 WINTERBERRY LANE
01 CITY : BRIARCLIFF MANOR
STATE/ZIP : NY 10510
MORTGAGE AMOUNT : 285,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,593.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.62100
----------------------------------------------------------------
0 0030970974 MORTGAGORS: COGHILL MITCH
COGHILL SHAUNA
REGION CODE ADDRESS : 23752 BARQUILLA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,808.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,399,800.00
P & I AMT: 9,992.19
UPB AMT: 1,398,990.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030971394 MORTGAGORS: HARWOOD JAY
HARWOOD MARIANE
REGION CODE ADDRESS : 893 EAST FOXHILL ROAD
01 CITY : NORTH SALT LAKE
STATE/ZIP : UT 84054
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,822.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 63.85500
----------------------------------------------------------------
0 0030971618 MORTGAGORS: PLUMLEY KURT
PLUMLEY LINDA
REGION CODE ADDRESS : 54 WILDWOOD DRIVE
01 CITY : BEDFDORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,600.00 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 : 79.26100
----------------------------------------------------------------
0 0030971709 MORTGAGORS: MUNSEY ALLAN
MUNSEY BARBARA
REGION CODE ADDRESS : 43384 HYLAND HILLS
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,787.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0030971790 MORTGAGORS: HOLT JOHN
HOLT LYNN
REGION CODE ADDRESS : 10 W 13TH STREET
01 CITY : AVALON
STATE/ZIP : NJ 08202
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 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 0030971824 MORTGAGORS: MARTIN PAUL
MARTIN LINDA
REGION CODE ADDRESS : 600 SECOND STREET PIKE
01 CITY : CHURCHVILLE
STATE/ZIP : PA 18966
MORTGAGE AMOUNT : 302,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.18500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,364,100.00
P & I AMT: 9,791.58
UPB AMT: 1,363,709.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030971949 MORTGAGORS: GOLOB BRUCE
FREEMAN JEAN
REGION CODE ADDRESS : 3907 SUNSET BOULEVARD
01 CITY : ST. LOUIS PARK
STATE/ZIP : MN 55416
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.73600
----------------------------------------------------------------
0 0030971972 MORTGAGORS: ENGDAHL ERIK
ENGDAHL BRENDA
REGION CODE ADDRESS : 138 TOURMALINE AVENUE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,745.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030971998 MORTGAGORS: TRIERWEILER KELLY
TRIERWEILER KELLEY
REGION CODE ADDRESS : 1807 WILSON CIRCLE
01 CITY : ERIE
STATE/ZIP : CO 80516
MORTGAGE AMOUNT : 140,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,498.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 995.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.97200
----------------------------------------------------------------
0 0030972004 MORTGAGORS: MUSKA BRIAN
MUSKA KIMBERLY
REGION CODE ADDRESS : 3304 ST GEORGES COURT
01 CITY : HAMPSTEAD
STATE/ZIP : MD 21074
MORTGAGE AMOUNT : 182,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 181,877.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,335.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030972178 MORTGAGORS: CAMPBELL JAMES
CAMPBELL DEBRA
REGION CODE ADDRESS : 64 RUSTIC WAY
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,000.00 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 : 79.04000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,298,600.00
P & I AMT: 9,270.71
UPB AMT: 1,298,122.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030972186 MORTGAGORS: GARDNER MADELINE
REGION CODE ADDRESS : 1124 BLOOMFIELD STREET
01 CITY : HOBOKEN
STATE/ZIP : NJ 07030
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,670.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,220.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.19400
----------------------------------------------------------------
0 0030972202 MORTGAGORS: LAGE ROBERT
LAGE DIANE
REGION CODE ADDRESS : 9 IRIS CIRCLE
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,798.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,124.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.96600
----------------------------------------------------------------
0 0030972244 MORTGAGORS: DEVRIES THOMAS
DEVRIES JENNIFER
REGION CODE ADDRESS : 18 N GLENN CIRCLE
01 CITY : OAK RIDGE
STATE/ZIP : NJ 07436
MORTGAGE AMOUNT : 236,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,920.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.40400
----------------------------------------------------------------
0 0030972343 MORTGAGORS: OZ ORHAN
OZ MONDRELL
REGION CODE ADDRESS : 4572 STATEN ISLAND COURT
01 CITY : PLANO
STATE/ZIP : TX 75024
MORTGAGE AMOUNT : 258,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,617.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030972459 MORTGAGORS: FITZPATRICK PETER
FITZPATRICK ELLEN
REGION CODE ADDRESS : 242 PLEASANT STREET
01 CITY : NORWELL
STATE/ZIP : MA 02061
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.61500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,622,900.00
P & I AMT: 11,552.07
UPB AMT: 1,621,738.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030972483 MORTGAGORS: YOUSSEF SAMIR
YOUSSEF AISHA
REGION CODE ADDRESS : 8048 KIDWELL TOWN COURT
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 232,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,613.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,568.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030972566 MORTGAGORS: JOVANOVIC SLOBODAN
JOVANOVIC ZLATA
REGION CODE ADDRESS : 6000 KIRBY ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030972590 MORTGAGORS: HUSSIN MAZAN
SAHIB NESREEN
REGION CODE ADDRESS : 1429 EAST GLENOAKS BLVD.
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 273,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,561.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,984.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030972764 MORTGAGORS: BENZMILLER ANDREW
BENZMILLER JOCELINA
REGION CODE ADDRESS : 7914 CHELTON ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20814
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,491.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030972897 MORTGAGORS: SCHEER JEFFREY
REGION CODE ADDRESS : 16521 ROAD 204
01 CITY : PORTERVILLE
STATE/ZIP : CA 93257
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,834.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.12500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,208,550.00
P & I AMT: 8,440.66
UPB AMT: 1,208,010.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030973101 MORTGAGORS: WAGNER TOM
WAGNER JOAN
REGION CODE ADDRESS : 212 72ND STREET
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23451
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.70300
----------------------------------------------------------------
0 0030973150 MORTGAGORS: KWIATKOWSKI EDWARD
MARSCHIK MARY
REGION CODE ADDRESS : 1805 SUNSET DROVE
01 CITY : PACIFIC GROVE
STATE/ZIP : CA 93950
MORTGAGE AMOUNT : 501,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 501,218.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,464.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030973572 MORTGAGORS: SANI BARMAK
SANI NAHAL
REGION CODE ADDRESS : 1060 PINE AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,804.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.17800
----------------------------------------------------------------
0 0030973648 MORTGAGORS: GLYNN PATRICK
GLYNN DONNA
REGION CODE ADDRESS : 4 QUARRY LANE
01 CITY : NORTH EASTON
STATE/ZIP : MA 02356
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030973655 MORTGAGORS: SORGE DR. JOHN
SORGE PATRICIA
REGION CODE ADDRESS : 5218 DUNE DRIVE
01 CITY : AVALON
STATE/ZIP : NJ 08202
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,527,600.00
P & I AMT: 10,931.12
UPB AMT: 1,526,517.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030974232 MORTGAGORS: HELM DANA
KASRAIAN KASRA
REGION CODE ADDRESS : 20 HIGH RIDGE DRIVE
01 CITY : PAWCATUCK
STATE/ZIP : CT 06379
MORTGAGE AMOUNT : 276,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,094.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030975213 MORTGAGORS: SOLOMON FRED
SOLOMON DOREEN
REGION CODE ADDRESS : 19843 LINNET STREET
01 CITY : WOODLAND HILLS AREA
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 484,630.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,349.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.86100
----------------------------------------------------------------
0 0030975601 MORTGAGORS: RUUD CHRISTOPHER
RUUD CHANTIL
REGION CODE ADDRESS : 6800 HOODS CREEK ROAD
01 CITY : TOWN OF CALEDONIA
STATE/ZIP : WI 53126
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 491,652.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,524.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030975627 MORTGAGORS: TITAK JAMES
TITAK CONSTANCE
REGION CODE ADDRESS : 3947 CHADWICK DRIVE
01 CITY : CARMEL
STATE/ZIP : IN 46033
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 : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.51900
----------------------------------------------------------------
0 0030975668 MORTGAGORS: GORMLEY STEPHEN
GORMLEY LAURA
REGION CODE ADDRESS : 2130 FREDA DRIVE
01 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 277,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,978.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,030,500.00
P & I AMT: 14,127.39
UPB AMT: 2,028,976.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030975692 MORTGAGORS: VOLPE MICHAEL
VOLPE SANDRA
REGION CODE ADDRESS : 705 HUNTSMAN PLACE
01 CITY : HERNDON
STATE/ZIP : VA 22970
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,811.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,530.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030975866 MORTGAGORS: BALDWIN WAYNE
BALDWIN HEIDI
REGION CODE ADDRESS : 229 DEWEY AVENUE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 273,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,321.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.96800
----------------------------------------------------------------
0 0030975874 MORTGAGORS: CREAGH GERARD
CREAGH PATRICIA
REGION CODE ADDRESS : 3 WARRANT OFFICER BAUER LANE
01 CITY : PEARL RIVER
STATE/ZIP : NY 10965
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,607.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,454.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030975890 MORTGAGORS: BARENBORG DAVID
BARENBORG LAURIE
REGION CODE ADDRESS : 638 37TH AVENUE
01 CITY : SEATTLE
STATE/ZIP : WA 98122
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,745.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,491.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030976088 MORTGAGORS: BRKOVICH JOSEPH
BRKOVICH AUDREY
REGION CODE ADDRESS : 5384 STONE ROAD
01 CITY : FREDERICK
STATE/ZIP : MD 21703
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,820.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,710,500.00
P & I AMT: 12,334.21
UPB AMT: 1,709,305.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030976104 MORTGAGORS: MARTIN RODNEY
MARTIN SONDRA
REGION CODE ADDRESS : 8336 E CALLE DE ALEGRIA
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,760.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030976153 MORTGAGORS: LUCKING SCOTT
LUCKING CYNTHIA
REGION CODE ADDRESS : 819 ASHLAND AVENUE
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 643,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 643,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,606.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.59300
----------------------------------------------------------------
0 0030976179 MORTGAGORS: DAVEY CHRISTOPHER
DAVEY VALERIE
REGION CODE ADDRESS : 23427 MYSTIC FOREST DRIVE
01 CITY : NOVI
STATE/ZIP : MI 48375
MORTGAGE AMOUNT : 258,314.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,314.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.97400
----------------------------------------------------------------
0 0030976476 MORTGAGORS: VENKATRAMAN CHANDRASEKAR
VENKATRAMAN VANITHA
REGION CODE ADDRESS : 20476 CHALET LANE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
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 : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.94766
----------------------------------------------------------------
0 0030976526 MORTGAGORS: TOWNSEND LESLIE
REGION CODE ADDRESS : 6203 HIGHLAND HILLS DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78731
MORTGAGE AMOUNT : 185,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 185,469.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,329.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,076,914.00
P & I AMT: 14,734.37
UPB AMT: 2,076,048.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030976740 MORTGAGORS: CHEN DAVID
CHEN YVONNE
REGION CODE ADDRESS : 21049 MANITA COURT
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 633,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 632,564.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,589.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.94400
----------------------------------------------------------------
0 0030976864 MORTGAGORS: FERRONI GABRIEL
FERRONI KARIN
REGION CODE ADDRESS : 3333 BUCHANAN STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94123
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,300.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 51.61600
----------------------------------------------------------------
0 0030976898 MORTGAGORS: LEVITT JONATHAN
LEVITT MARNI
REGION CODE ADDRESS : 34 OLD FOUNDRY STREET
01 CITY : EASTON
STATE/ZIP : MA 02375
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,851.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,628.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.89400
----------------------------------------------------------------
0 0030976930 MORTGAGORS: KERNER LOUISE
REGION CODE ADDRESS : 89 ROBBINS DRIVE
01 CITY : CARLISLE
STATE/ZIP : MA 01741
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,721.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,045.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.85100
----------------------------------------------------------------
0 0030977045 MORTGAGORS: TILEY BENJAMIN
TILEY MARY
REGION CODE ADDRESS : 672 TWIN BRIDGE DRIVE
01 CITY : RADNOR
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 250,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.90 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: 1,776,300.00
P & I AMT: 12,717.65
UPB AMT: 1,775,237.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030977920 MORTGAGORS: WERTZ GARY
WERTZ BONNIE
REGION CODE ADDRESS : 5405 LAKE SARAH HEIGHTS DR.
01 CITY : LORETTO
STATE/ZIP : MN 55357
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030978019 MORTGAGORS: O'NEILL EUGENE
REGION CODE ADDRESS : 4711 S DOWNING STREET
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80110
MORTGAGE AMOUNT : 490,220.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,882.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,554.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.36200
----------------------------------------------------------------
0 0030978027 MORTGAGORS: TURENNE WILLIAM
TURENNE DEBORAH
REGION CODE ADDRESS : 53 NIBLICK LANE
01 CITY : WEEMS
STATE/ZIP : VA 22576
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.62600
----------------------------------------------------------------
0 0030978076 MORTGAGORS: KINNAVY DANIEL
KINNAVY DAIVA
REGION CODE ADDRESS : 685 AUGUSTA DRIVE
01 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48309
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,769.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,092.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.94700
----------------------------------------------------------------
0 0030978100 MORTGAGORS: CLARK JOHN
CLARK ANNE
REGION CODE ADDRESS : 22406 SUSANA AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,810.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 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: 1,811,720.00
P & I AMT: 12,811.59
UPB AMT: 1,810,962.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030978290 MORTGAGORS: HOKEMEIR-SEIM DOUGLAS
HOKEMEIR-SEIM KATHLEEN
REGION CODE ADDRESS : 4514 OAK DRIVE
01 CITY : EDINA
STATE/ZIP : MN 55424
MORTGAGE AMOUNT : 233,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030978464 MORTGAGORS: KILROY KEVIN
KILROY KIMBERLY
REGION CODE ADDRESS : 17 TOWN LANDING ROAD
01 CITY : BERKLEY
STATE/ZIP : MA 02779
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,815.95 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 0030978621 MORTGAGORS: MC CULLOUGH MICHAEL
MC CULLOUGH CATHY
REGION CODE ADDRESS : 8218 N. 13TH AVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85021
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,268.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,261.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030979421 MORTGAGORS: DELSA WILLIAM
DELSA SYVIA
REGION CODE ADDRESS : 3225 BAUVAIS STREET
01 CITY : METAIRIE
STATE/ZIP : LA 70001
MORTGAGE AMOUNT : 390,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,833.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.50400
----------------------------------------------------------------
0 0030979884 MORTGAGORS: ROJEK BRYAN
ROJEK PATRICIA
REGION CODE ADDRESS : 12 HARWICH ROAD
01 CITY : MORRIS TOWNSHIP
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,728.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,475,900.00
P & I AMT: 10,419.83
UPB AMT: 1,475,212.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030979959 MORTGAGORS: STANGL ROGER
STANGL MARIE
REGION CODE ADDRESS : 19090 EDGEWOOD LANE
01 CITY : PRIOR LAKE
STATE/ZIP : MN 55372
MORTGAGE AMOUNT : 234,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,500.00 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 : 71.71200
----------------------------------------------------------------
0 0030980130 MORTGAGORS: MURRAY R
MURRAY TAMMY
REGION CODE ADDRESS : 1208 DELPA DRIVE
01 CITY : NEWARK
STATE/ZIP : DE 19711
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,211.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030980288 MORTGAGORS: CATHERMAN GARY
CATHERMAN MARGARET
REGION CODE ADDRESS : 1207 RAGLEY HALL ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30319
MORTGAGE AMOUNT : 289,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0030980304 MORTGAGORS: ADAMS CRAIG
ADAMS THERESA
REGION CODE ADDRESS : 2039 VIA VINA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,315.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.17900
----------------------------------------------------------------
0 0030980353 MORTGAGORS: WOOD ANDREW
WOOD PATRICIA
REGION CODE ADDRESS : 2773 WATERS EDGE DRIVE
01 CITY : GAINESVILLE
STATE/ZIP : GA 30504
MORTGAGE AMOUNT : 434,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,208.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,188.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.91300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,444,450.00
P & I AMT: 10,426.78
UPB AMT: 1,443,685.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030980494 MORTGAGORS: BENNETT PHILIP
SAMANEZ MONICA
REGION CODE ADDRESS : 3714 WILLIAMS LANE
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,688.30 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
----------------------------------------------------------------
0 0030980502 MORTGAGORS: QUICK TIMOTHY
RANKIN TRACY
REGION CODE ADDRESS : 5319 GLENWOOD ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20814
MORTGAGE AMOUNT : 249,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,024.12 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 : 89.99600
----------------------------------------------------------------
0 0030980510 MORTGAGORS: ZAMAT MARK
ZAMAT BARBARA
REGION CODE ADDRESS : 129 WOODBINE LN
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.38400
----------------------------------------------------------------
0 0030980536 MORTGAGORS: FRUEHLING DONALD
FRUEHLING GUDRUN
REGION CODE ADDRESS : 7200 BROOKSTONE COURT
01 CITY : POTOMAC
STATE/ZIP : MD 20854
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 20.00000
----------------------------------------------------------------
0 0030980544 MORTGAGORS: MOSELY RICHARD
MOSELY ELLEN
REGION CODE ADDRESS : 19 FOREST EDGE ROAD
01 CITY : EASTON
STATE/ZIP : MA 02375
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.01800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,596,200.00
P & I AMT: 11,467.05
UPB AMT: 1,595,261.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030980551 MORTGAGORS: ECKMAN JAMES
MARINELLI ROBERTA
REGION CODE ADDRESS : 502 AYR HILL AVENUE N.E
01 CITY : VIENNA
STATE/ZIP : VA 22180
MORTGAGE AMOUNT : 251,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,703.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,718.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0030980577 MORTGAGORS: ELLIS RACHEL
ELLIS MICHAEL
REGION CODE ADDRESS : 3853 NORTH HERMITAGE
01 CITY : CHICAGO
STATE/ZIP : IL 60613
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030980650 MORTGAGORS: WHORTON RUSSELL
WHORTON JANICE
REGION CODE ADDRESS : 12165 MEADOWS LANE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30202
MORTGAGE AMOUNT : 306,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,572.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,145.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030980965 MORTGAGORS: WESTERLUND ROBERT
WESTERLUND ELISKA
REGION CODE ADDRESS : 1820 NORTH HERNDON STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22201
MORTGAGE AMOUNT : 342,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,639.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,368.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0030981039 MORTGAGORS: HADJIS ALEXANDER
HADJIS DONNA
REGION CODE ADDRESS : 9004 CHICKAWANE COURT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22309
MORTGAGE AMOUNT : 250,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,544.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,668.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,376,350.00
P & I AMT: 9,524.33
UPB AMT: 1,375,459.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030981419 MORTGAGORS: ATIGHEHCHI GHOLAME
ATIGHEHCHI FARIBA
REGION CODE ADDRESS : 312 SOUTH LA PEER DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,706.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,761.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.53500
----------------------------------------------------------------
0 0030981625 MORTGAGORS: SARANDOPOLIS MICHAEL
REGION CODE ADDRESS : 50 COOLIDGE AVENUE
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,716.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,774.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030981641 MORTGAGORS: SULLIVAN JOHN
SULLIVAN MARY
REGION CODE ADDRESS : 813 GLENMORE COURT
01 CITY : NAPERVILLE
STATE/ZIP : IL 60540
MORTGAGE AMOUNT : 231,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,841.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,674.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0030981724 MORTGAGORS: KUWANA ERIC
MILLER KAREN
REGION CODE ADDRESS : 2911 NORTH 2ND STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22201
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,836.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030981781 MORTGAGORS: COHN JOSHUA
COHN SHARON
REGION CODE ADDRESS : 16 WATERBURY ROAD
01 CITY : UPPER MONTCLAIR
STATE/ZIP : NJ 07043
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,570,000.00
P & I AMT: 11,208.31
UPB AMT: 1,568,883.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030981815 MORTGAGORS: DEVOE DAVID
DEVOE JOYCE
REGION CODE ADDRESS : 3021 ROSEMONT DRIVE
01 CITY : LANDENBERG
STATE/ZIP : PA 19350
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,429.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030981831 MORTGAGORS: JOLIE ANGELINA
REGION CODE ADDRESS : 2109 BROADWAY #14-79
01 CITY : NEW YORK
STATE/ZIP : NY 10023
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030981948 MORTGAGORS: COHEN BARRY
COHEN SUSAN
REGION CODE ADDRESS : 28 MANDON DRIVE
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 234,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
0 0030982110 MORTGAGORS: CUCCIO FRANK
CUCCIO GRETCHEN
REGION CODE ADDRESS : 15 NORTH GLEN CIRCLE
01 CITY : OAK RIDGE
STATE/ZIP : NJ 07438
MORTGAGE AMOUNT : 236,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
0 0030982706 MORTGAGORS: ROBINSON GREGG
ROBINSON TRACY
REGION CODE ADDRESS : 18 RAVENS RIDGE ROAD
01 CITY : SANTA FE
STATE/ZIP : NM 87501
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,000.00 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 : 61.63100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,410,200.00
P & I AMT: 10,244.94
UPB AMT: 1,409,793.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030982953 MORTGAGORS: ASHMAN HARVEY
DOUCETTE-ASHMAN LINDA
REGION CODE ADDRESS : 14 BARTON ROAD
01 CITY : MOUNTAIN LAKES
STATE/ZIP : NJ 07046
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,543.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,144.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030982979 MORTGAGORS: SHANE JOHN
SHANE BEVERLY
REGION CODE ADDRESS : 430 SOUTH SAINT ASAPH STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,774.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.59800
----------------------------------------------------------------
0 0030983373 MORTGAGORS: KEEGAN PEGGY
REGION CODE ADDRESS : 25 CHURCH STREET
01 CITY : EASTON
STATE/ZIP : CT 06612
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,764.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.41 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030983613 MORTGAGORS: HUGHES CURTIS
HUGHES SHIRLEY
REGION CODE ADDRESS : 50 MAYNE COURT
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,691.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,797.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030983662 MORTGAGORS: LEWIS JAMES
LEWIS LINDA
REGION CODE ADDRESS : 2010 OAKWOOD DRIVE
01 CITY : RICHARDSON
STATE/ZIP : TX 75082
MORTGAGE AMOUNT : 124,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 124,307.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 869.83 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: 1,705,400.00
P & I AMT: 11,694.94
UPB AMT: 1,704,082.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030984454 MORTGAGORS: LIEBERMAN FREDERICK
LIEBERMAN SANDRA
REGION CODE ADDRESS : 12 WEATHERVANE WAY
01 CITY : MARLBORO
STATE/ZIP : NJ 07746
MORTGAGE AMOUNT : 226,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.06400
----------------------------------------------------------------
0 0030984496 MORTGAGORS: ADDEO JOHN
ADDEO JENNIFER
REGION CODE ADDRESS : 23 HOWE STREET
01 CITY : MEDWAY
STATE/ZIP : MA 02053
MORTGAGE AMOUNT : 228,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.16600
----------------------------------------------------------------
0 0030984520 MORTGAGORS: YAZDI RAMIN
YAZDI MARYAM
REGION CODE ADDRESS : 24002 FRIGATE DR.
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 277,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,768.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.29500
----------------------------------------------------------------
0 0030984611 MORTGAGORS: EPSTEIN ANN
EDELSTEIN BERNARD
REGION CODE ADDRESS : 156 WINCHESTER STREET
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 349,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,500.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.47600
----------------------------------------------------------------
0 0030984728 MORTGAGORS: PENICK IRENE
REGION CODE ADDRESS : 2001 VIRGINIA AVENUE
01 CITY : MECHANICSVILLE
STATE/ZIP : VA 22101
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 48.42100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,311,950.00
P & I AMT: 9,551.03
UPB AMT: 1,311,613.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030985170 MORTGAGORS: IURA RODNEY
IURA BETTY
REGION CODE ADDRESS : 9466 E MARK LANE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 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 0030985261 MORTGAGORS: CROUCH MICHAEL
CROUCH LISA
REGION CODE ADDRESS : 990 WALLACE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,836.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 60.24000
----------------------------------------------------------------
0 0030985709 MORTGAGORS: NAGORE JUAN
NAGORE MARY
REGION CODE ADDRESS : 1975 CHARMSTONE COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94595
MORTGAGE AMOUNT : 219,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,824.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,475.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.37300
----------------------------------------------------------------
0 0030985790 MORTGAGORS: MATSUMOTO STANLEY
GONG SHARI
REGION CODE ADDRESS : 3505 PALM AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 372,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,536.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,670.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030985840 MORTGAGORS: FLORES GILBERT
DALE STEPHANIE
REGION CODE ADDRESS : 40 EVELYN WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 263,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,331.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,979.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.65600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,373,300.00
P & I AMT: 9,948.56
UPB AMT: 1,372,530.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030985865 MORTGAGORS: MOORE MICHAEL
MOORE VICTORIA
REGION CODE ADDRESS : 1602 KERRYGLEN ST.
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,840.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 87.71900
----------------------------------------------------------------
0 0030986186 MORTGAGORS: SIZEMORE BRENDA
SIZEMORE CHARLES
REGION CODE ADDRESS : 6203 HAMPTON PLACE NORTH
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,245.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,368.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030986210 MORTGAGORS: HIGHT GERRARD
HIGHT PHYLLIS
REGION CODE ADDRESS : 3512 MARSH CREEK WAY
01 CITY : EKLK GROVE
STATE/ZIP : CA 95758
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0030986236 MORTGAGORS: NELSON TODD
NELSON FRIEDA
REGION CODE ADDRESS : 200 TENBY COURT
01 CITY : ROSEVILLE
STATE/ZIP : CA 95747
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98200
----------------------------------------------------------------
0 0030986442 MORTGAGORS: MAURER STANLEY
MAURER DARYL
REGION CODE ADDRESS : 106 KLINGERMAN ROAD
01 CITY : TELFORD
STATE/ZIP : PA 18969
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,271,000.00
P & I AMT: 9,439.64
UPB AMT: 1,269,761.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030986699 MORTGAGORS: DELA PENA NICOLAS
DELA PENA BELLA
REGION CODE ADDRESS : 2283 EAST TUSCANY AVENUE
01 CITY : MERCED
STATE/ZIP : CA 95340
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,496.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030986921 MORTGAGORS: BREITWEISER RONALD
WINTERSTELLA KRISTEN
REGION CODE ADDRESS : 268 MONMOUTH AVENUE
01 CITY : MIDDLETOWN
STATE/ZIP : NJ 07716
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,801.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.83000
----------------------------------------------------------------
0 0030987051 MORTGAGORS: WOLFE ALLAN
WOLFE LINDA
REGION CODE ADDRESS : 1280 MANOR COURT
01 CITY : FORT LAUDERDALE
STATE/ZIP : FL 33326
MORTGAGE AMOUNT : 289,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,545.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030987283 MORTGAGORS: CHAN ALAN
LAU WINNIE
REGION CODE ADDRESS : 3008 ROSE ARBOR COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 310,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,507.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,119.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
0 0030987747 MORTGAGORS: BAUGHMAN HARRY
BAUGHMAN MARINA
REGION CODE ADDRESS : 721 CASTLEREA LANE
01 CITY : DES PLAINES
STATE/ZIP : IL 60016
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 : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 58.90700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,414,000.00
P & I AMT: 10,139.82
UPB AMT: 1,413,203.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030987812 MORTGAGORS: COX EUGENE
REGION CODE ADDRESS : 5218 N. 31ST PLACE
01 CITY : PHOENIX
STATE/ZIP : AZ 85016
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988018 MORTGAGORS: KAPLAN EDWARD
KAPLAN NANCY
REGION CODE ADDRESS : 19173 DUNURE PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,007.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988067 MORTGAGORS: FARMER BENTON
FARMER ELIZABETH
REGION CODE ADDRESS : 4401 CANTERBURY WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,805.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988091 MORTGAGORS: LIU PAUL
HENRY DEBORAH
REGION CODE ADDRESS : 11 BALBOA COVES
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,737.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,095.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988232 MORTGAGORS: PERGOLIN JOHN
PERGOLIN ANTOINETTE
REGION CODE ADDRESS : 720 JUSTUS BARBER DRIVE
01 CITY : KING OF PRUSSIA
STATE/ZIP : PA 19406
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,190.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 92.54400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,428,700.00
P & I AMT: 10,308.35
UPB AMT: 1,427,741.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030988273 MORTGAGORS: MASTROGANY JAMES
MASTROGANY JANET
REGION CODE ADDRESS : 1612 ORCHARD WOOD ROAD
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.52300
----------------------------------------------------------------
0 0030988430 MORTGAGORS: KOUNDOURIOTIS STEPHEN
REGION CODE ADDRESS : 684 ORANGE DR
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 308,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,373.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,239.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988471 MORTGAGORS: SIMS BRIAN
SIMS JOYCE
REGION CODE ADDRESS : 1219 FAIRFIELD ESTATES LANE
01 CITY : CROWNSVILLE
STATE/ZIP : MD 21032
MORTGAGE AMOUNT : 368,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,358.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,736.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.96800
----------------------------------------------------------------
0 0030989438 MORTGAGORS: TRAMMEL CHARLES
GARRIDO MATILDE
REGION CODE ADDRESS : 7226 FORBES AVENUE
01 CITY : VAN NUYS
STATE/ZIP : CA 91406
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,363.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.10800
----------------------------------------------------------------
0 0030990105 MORTGAGORS: EDGERTON MAURICE
REGION CODE ADDRESS : 5560 SOUTH HANNIBAL WAY
01 CITY : PARKER
STATE/ZIP : CO 80015
MORTGAGE AMOUNT : 230,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,648.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,483,550.00
P & I AMT: 10,736.47
UPB AMT: 1,482,882.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030990139 MORTGAGORS: COLTER WILLIAM
COLTER JERYL
REGION CODE ADDRESS : 11180 GOVERNORS LANE
01 CITY : FISHERS
STATE/ZIP : IN 46038
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030990303 MORTGAGORS: CALLAHAN THOMAS
CALLAHAN ELIZABETH
REGION CODE ADDRESS : 4031 96TH AVENUE S.E.
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 306,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,172.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030990493 MORTGAGORS: POTTS BOBBY
POTTS NANCY
REGION CODE ADDRESS : 2865 TOWNE VILLAGE DRIVE
01 CITY : DULUTH
STATE/ZIP : GA 30155
MORTGAGE AMOUNT : 235,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,480.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.99000
----------------------------------------------------------------
0 0030990733 MORTGAGORS: CONNOLLY BRIAN
CONNOLLY PATRICIA
REGION CODE ADDRESS : 111 GATEHOUSE DR
01 CITY : KENNETT SQ
STATE/ZIP : PA 19348
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,815.89 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 : 80.00000
----------------------------------------------------------------
0 0030991483 MORTGAGORS: SMITH CURTIS
SMITH DEBRA
REGION CODE ADDRESS : 197 MIRAMONTE ROAD
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,007.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,348,650.00
P & I AMT: 9,476.42
UPB AMT: 1,347,275.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030991566 MORTGAGORS: O'DELL RICHARD
O'DELL VIVIAN
REGION CODE ADDRESS : 18101 FIELDBURY AVENUE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,781.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.45900
----------------------------------------------------------------
0 0030991772 MORTGAGORS: VOGEL WALTER
REGION CODE ADDRESS : 96 GRAND PAVILION
01 CITY : ISLE OF PALMS
STATE/ZIP : SC 29451
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,799.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030991780 MORTGAGORS: KARBON RICHARD
KARBON KERRY
REGION CODE ADDRESS : 5737 EAST GLENSTONE DRIVE
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 276,973.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,973.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 85.22200
----------------------------------------------------------------
0 0030992523 MORTGAGORS: LEMARINEL FELIX
LEMARINEL CORBIE
REGION CODE ADDRESS : 617 DISKIN PLACE
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 263,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,749.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0030992531 MORTGAGORS: STRICKLAND GEORGE
STRICKLAND DEBRA
REGION CODE ADDRESS : 19 ANDOVER DRIVE
01 CITY : MEDFORD
STATE/ZIP : NJ 08055
MORTGAGE AMOUNT : 222,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,030.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,534.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,327,123.00
P & I AMT: 9,333.63
UPB AMT: 1,326,334.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030992663 MORTGAGORS: NIXON JEFFREY
NIXON HOPE
REGION CODE ADDRESS : 4810 DALEWOOD DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 292,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,327.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 92.12400
----------------------------------------------------------------
0 0030992747 MORTGAGORS: MOLTER RICHARD
MOLTER MARYLYNNE
REGION CODE ADDRESS : 52 OBERSTRASSE-ALPENTAL
01 CITY : SNOQUALMIE PASS
STATE/ZIP : WA 98068
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030992911 MORTGAGORS: FRAZIER LARRY
FRAZIER ANITA
REGION CODE ADDRESS : 11730 NORTH 129TH WAY
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,726.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.21200
----------------------------------------------------------------
0 0030992952 MORTGAGORS: BERSIN SAUL
BERSIN APRIL
REGION CODE ADDRESS : 216 BLACK OAK LANE
01 CITY : MADISONVILLE
STATE/ZIP : LA 70447
MORTGAGE AMOUNT : 276,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.98700
----------------------------------------------------------------
0 0030993018 MORTGAGORS: WALBURG JAMES
WALBURG SANDRA
REGION CODE ADDRESS : 913 CARRIAGE WAY
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 48.38700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,450.00
P & I AMT: 10,544.56
UPB AMT: 1,488,737.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030993125 MORTGAGORS: BASSO RENATA
REGION CODE ADDRESS : 414 W. SUNNYOAKS AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,818.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,306.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 88.23500
----------------------------------------------------------------
0 0030993687 MORTGAGORS: WHITE DAVID
MOORE LESLIE
REGION CODE ADDRESS : 150 POPE COURT
01 CITY : SANTA ROSA
STATE/ZIP : CA 95405
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,643.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,555.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030993695 MORTGAGORS: SEHWANI DAVEY
SEHWANI ROSE
REGION CODE ADDRESS : 5156 LITTLE BROOK COURT
01 CITY : SARASOTA
STATE/ZIP : FL 34238
MORTGAGE AMOUNT : 223,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,603.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,661.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.13600
----------------------------------------------------------------
0 0030994297 MORTGAGORS: LAFORTUNE WESLEY
LAFORTUNE RENE
REGION CODE ADDRESS : 4649 ISLAND VIEW DRIVE
01 CITY : MOUND
STATE/ZIP : MN 55364
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030994511 MORTGAGORS: JOHNSON PAUL
JOHNSON AUDREY
REGION CODE ADDRESS : TORRES STREET 2 NW 2ND AVENUE
01 CITY : CARMEL
STATE/ZIP : CA 93921
MORTGAGE AMOUNT : 283,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,664.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,107.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,283,100.00
P & I AMT: 9,361.58
UPB AMT: 1,282,229.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030994610 MORTGAGORS: DANIEL ALBERT
DANIEL NITZA
REGION CODE ADDRESS : 4588 PHEASANT COURT
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 240,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,092.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.81727
----------------------------------------------------------------
0 0030994800 MORTGAGORS: GARDNER WILLIAM
GARDNER ANNE
REGION CODE ADDRESS : 32 WEST KINCAID DR.
01 CITY : WEST WINDSOR
STATE/ZIP : NJ 08512
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,845.62 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 : 80.00000
----------------------------------------------------------------
0 0030995161 MORTGAGORS: BEDARD LARRY
BEDARD ALISON
REGION CODE ADDRESS : 15 OAK WAY
01 CITY : ROSS
STATE/ZIP : CA 94957
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,818.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,306.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 44.70900
----------------------------------------------------------------
0 0030995179 MORTGAGORS: SMITH BARRY
SMITH DIANNE
REGION CODE ADDRESS : 5600 PINE VALLEY DRIVE
01 CITY : BARTONVILLE
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,309.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,625.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 51.44000
----------------------------------------------------------------
0 0030995443 MORTGAGORS: STEPHENS SEAN
STEPHENS DEBORAH
REGION CODE ADDRESS : 1044 CALLE DE ALCALA
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 317,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,097.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,383.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,593,550.00
P & I AMT: 11,852.00
UPB AMT: 1,592,163.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030995666 MORTGAGORS: DAVIS JOHN
REGION CODE ADDRESS : 4787 CREST PARK LANE
01 CITY : MARIETTA
STATE/ZIP : GA 30068
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030995732 MORTGAGORS: LEE KYUNG
LEE HYE
REGION CODE ADDRESS : 2936 OAKWOOD LANE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,796.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030996060 MORTGAGORS: BAKER JOE
DRANEY SUSAN
REGION CODE ADDRESS : 15 BELAIRE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92667
MORTGAGE AMOUNT : 434,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,337.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,997.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.44000
----------------------------------------------------------------
0 0030996847 MORTGAGORS: WINNER ERIC
WINNER RHONDA
REGION CODE ADDRESS : 2647 EATON AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94562
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,365.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.11600
----------------------------------------------------------------
0 0030996912 MORTGAGORS: GILBERG ARNOLD
LENZ SCOTT
REGION CODE ADDRESS : 6557 COLGATE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,794.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.14 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: 1,791,000.00
P & I AMT: 12,641.92
UPB AMT: 1,788,960.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030997068 MORTGAGORS: RYAN PATRICK
RYAN MADELINE
REGION CODE ADDRESS : 28328 PALOS VERDES DRIVE EAST
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 570,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 570,107.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,136.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.60928
----------------------------------------------------------------
0 0030997308 MORTGAGORS: G-PRADA RICHARD
REGION CODE ADDRESS : 325 MEADOWCREEK ROAD
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,217.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030997324 MORTGAGORS: SMITH DONALD
SMITH NANCY
REGION CODE ADDRESS : 28642 AVENIDA PLACIDA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 289,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0030997449 MORTGAGORS: LEVONIAN MARK
BREEN NANCY
REGION CODE ADDRESS : 250 CORLISS DRIVE
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,710.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030997563 MORTGAGORS: WEINBERG HARVEY
SEGAL ELLEN
REGION CODE ADDRESS : 71 FOUNDRY ROAD
01 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 256,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,400.00 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 : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,783,200.00
P & I AMT: 12,757.40
UPB AMT: 1,782,335.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030997753 MORTGAGORS: BUI CAL
REGION CODE ADDRESS : 1824 MCCLUHAN WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,684.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.76600
----------------------------------------------------------------
0 0030997944 MORTGAGORS: PETERSON JON
STIEFVATER MARGARET
REGION CODE ADDRESS : 170 ACACIA DRIVE
01 CITY : LARKSPUR
STATE/ZIP : CA 94939
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,710.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 51.70000
----------------------------------------------------------------
0 0030997951 MORTGAGORS: SHAW ROBERT
SHAW BARBARA
REGION CODE ADDRESS : 28672 AVENIDA PLACIDA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 381,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,766.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------
0 0030998066 MORTGAGORS: ROBLES DANIEL
ROBLES LISA
REGION CODE ADDRESS : 8878 S REDWING AVENUE
01 CITY : LITTLETON
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 233,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,151.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.96200
----------------------------------------------------------------
0 0030998421 MORTGAGORS: IM CONNIE
THOMASSON EUGENE
REGION CODE ADDRESS : 882 SEA ISLAND LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
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 : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.62500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,884,900.00
P & I AMT: 13,415.52
UPB AMT: 1,883,652.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030998538 MORTGAGORS: BEYSENS HENRICUS
BEYSENS MARIA
REGION CODE ADDRESS : 93 BIRCH ROAD
01 CITY : FRANKLIN LAKES
STATE/ZIP : NJ 07417
MORTGAGE AMOUNT : 391,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,010.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030998769 MORTGAGORS: EVANS SCOTT
EVANS DEBBIE
REGION CODE ADDRESS : 1252 COUNTRY HILLS DRIVE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0030998801 MORTGAGORS: CHICKERING ROBERT
CHICKERING ELIZABETH
REGION CODE ADDRESS : 960 HAWTHORN DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 268,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,900.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.52700
----------------------------------------------------------------
0 0030998843 MORTGAGORS: RISI TERESA
REGION CODE ADDRESS : 27146 NEDA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 224,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,648.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 74.93300
----------------------------------------------------------------
0 0030998876 MORTGAGORS: NEAR JAMES
REGION CODE ADDRESS : 28 ATLANTIC BEACH COURT
01 CITY : KIAWAH ISLAND
STATE/ZIP : SC 29455
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 54.94500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,559,600.00
P & I AMT: 11,363.67
UPB AMT: 1,558,777.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030999015 MORTGAGORS: KLEINMEYER MONTE
REGION CODE ADDRESS : 18 HILLSIDE DRIVE
01 CITY : LAS FLORES AREA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 232,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030999163 MORTGAGORS: BYER MICHAEL
BYER LORI
REGION CODE ADDRESS : 135 COVINA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,818.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,133.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.98300
----------------------------------------------------------------
0 0030999288 MORTGAGORS: DEL VALLE ELENA
REGION CODE ADDRESS : 130 E 63RD STREET #10D
01 CITY : NEW YORK
STATE/ZIP : NY 10021
MORTGAGE AMOUNT : 178,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 178,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,278.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030999635 MORTGAGORS: YAMANISHI ALAN
YAMANISHI KAREN
REGION CODE ADDRESS : 12729 SANDY CREST COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 347,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,635.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,402.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030999791 MORTGAGORS: PENA LUCAS
PENA YVONNE
REGION CODE ADDRESS : 18 SALMONS HOLLOW ROAD
01 CITY : BREWSTER
STATE/ZIP : NY 10509
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.23287
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,303,150.00
P & I AMT: 9,408.30
UPB AMT: 1,302,704.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030999817 MORTGAGORS: LEDBETTER DAVID
LEDBETTER DONNA
REGION CODE ADDRESS : 1272 ANNADALE DRIVE
01 CITY : CLARKSVILLE
STATE/ZIP : GA 30523
MORTGAGE AMOUNT : 262,390.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,213.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030999825 MORTGAGORS: RENNIE RENATE
REGION CODE ADDRESS : 47 MYSTIC DRIVE
01 CITY : OSSINING
STATE/ZIP : NY 10562
MORTGAGE AMOUNT : 263,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.58600
----------------------------------------------------------------
0 0030999874 MORTGAGORS: HIGGINS MICHAEL
REGION CODE ADDRESS : 1020 RIVERHAVEN DRIVE
01 CITY : SUWANEE
STATE/ZIP : GA 30024
MORTGAGE AMOUNT : 286,179.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,179.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,050.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030999916 MORTGAGORS: WEBSTER KEITH
WEBSTER LORI
REGION CODE ADDRESS : 34 HILLSIDE PLACE
01 CITY : FAIR HAVEN
STATE/ZIP : NJ 07704
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,273.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,572.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031000169 MORTGAGORS: HOOG MARK
HOOG KRISTINE
REGION CODE ADDRESS : 1817 CHESAPEAKE COURT
01 CITY : FT COLLINS
STATE/ZIP : CO 80524
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,831.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 93.95160
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,391,669.00
P & I AMT: 10,131.67
UPB AMT: 1,391,097.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031000185 MORTGAGORS: KIM HYOUNG
KIM JUNGHEE
REGION CODE ADDRESS : 1415 SOUTH SECOND AVENUE
01 CITY : ARCADIA
STATE/ZIP : CA 91006
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.27700
----------------------------------------------------------------
0 0031000359 MORTGAGORS: DUFOND WAYNE
DUFOND AMY
REGION CODE ADDRESS : 301 BLACK OAK DRIVE
01 CITY : PETALUMA
STATE/ZIP : CA 94952
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031000383 MORTGAGORS: BRONSTEIN ROBERT
BRONSTEIN DEBRA
REGION CODE ADDRESS : 120 CANYON DR
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 567,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 567,078.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,968.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.27500
----------------------------------------------------------------
0 0031000631 MORTGAGORS: BENNINGTON MAUREEN
BENNINGTON JOSEPH
REGION CODE ADDRESS : 8138 EAST SPRUCEWOOD AVENUE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 248,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,024.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99200
----------------------------------------------------------------
0 0031000797 MORTGAGORS: WENKER DANIEL
ROBBINS MARY
REGION CODE ADDRESS : 8555 RIVERBIRCH DRIVE
01 CITY : ROSWELL
STATE/ZIP : GA 30076
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,820.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,991,900.00
P & I AMT: 14,093.25
UPB AMT: 1,990,456.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031000912 MORTGAGORS: UNATIN GILBERT
REGION CODE ADDRESS : 16255 PACIFIC CIRCLE #303
01 CITY : HUNTINGDON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,087.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031000995 MORTGAGORS: QUINN ROBERT
REGION CODE ADDRESS : 120 HARTFORD STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031001076 MORTGAGORS: MCGEHEE DANIEL
MCGEHEE MARY
REGION CODE ADDRESS : 3915 E. OASIS CIRCLE
01 CITY : MESA
STATE/ZIP : AZ 85215
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031001084 MORTGAGORS: HANCOCK ANDREW
HANCOCK CHRISTINE
REGION CODE ADDRESS : 1717 RED HAWK ROAD
01 CITY : SILVERTHORNE
STATE/ZIP : CO 80498
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,833.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 37.81500
----------------------------------------------------------------
0 0031001233 MORTGAGORS: WACHHOLTZ BRUCE
WACHHOLTZ ANNE
REGION CODE ADDRESS : 7716 CORTE VIOLETA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,811.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.95000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,422,250.00
P & I AMT: 10,187.80
UPB AMT: 1,421,243.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031001308 MORTGAGORS: LANPHEAR LAWRENCE
REGION CODE ADDRESS : 1950 LONGSHORE
01 CITY : ANN ARBOR
STATE/ZIP : MI 48105
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031001472 MORTGAGORS: DEL ROSARIO JOSE
DEL ROSARIO AUREA
REGION CODE ADDRESS : 1068 WATERVILLE LAKE ROAD
01 CITY : CHULA VISTA
STATE/ZIP : CA 91915
MORTGAGE AMOUNT : 232,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,051.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031001548 MORTGAGORS: SANTA CRUZ KAREN
SANTA CRUZ DAVID
REGION CODE ADDRESS : 17646 WARWICK CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031001829 MORTGAGORS: CONKLIN ERIC
CONKLIN VICTORIA
REGION CODE ADDRESS : 3895 GREEN MEADOW LANE
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,569.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/26
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031001845 MORTGAGORS: CARLSON JAMES
REGION CODE ADDRESS : 5556 GRAYLOG STREET
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 305,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,378.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,163.02 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: 1,373,800.00
P & I AMT: 9,773.96
UPB AMT: 1,364,609.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031001878 MORTGAGORS: MASON MARTIN
REGION CODE ADDRESS : 6145 GREENBRIER DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 324,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,564.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,298.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031001886 MORTGAGORS: GRANT DAVID
GRANT ELIZABETH
REGION CODE ADDRESS : 21460 SALAMANCA AVENUE
01 CITY : WOODLAND HILLS AREA
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,079.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031001894 MORTGAGORS: NICKLAW RONALD
REGION CODE ADDRESS : 8168 CONSTANTINE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 188,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 188,670.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,368.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.46100
----------------------------------------------------------------
0 0031001951 MORTGAGORS: FORTUNATO LUIS
FORTUNATO TEODORICA
REGION CODE ADDRESS : 5792 WARWICK CIRCLE
01 CITY : LA PALMA
STATE/ZIP : CA 90623
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,833.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.84300
----------------------------------------------------------------
0 0031002124 MORTGAGORS: BROWN CHARLES
BROWN ROSALIND
REGION CODE ADDRESS : 7712 STONEY POINT
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,838.96 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 : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,238,850.00
P & I AMT: 8,932.23
UPB AMT: 1,237,986.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031002157 MORTGAGORS: DEPALMA GEORGE
DEPALMA ANNE
REGION CODE ADDRESS : 2838 HILL ROAD
01 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.26200
----------------------------------------------------------------
0 0031002371 MORTGAGORS: HSU BARRY
HSU MARY
REGION CODE ADDRESS : 20605 DEODAR DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,808.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,098.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.88800
----------------------------------------------------------------
0 0031002595 MORTGAGORS: KOCH TOBIAS
KOCH ANN
REGION CODE ADDRESS : 992 REGIMENTAL DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 327,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,374.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.05800
----------------------------------------------------------------
0 0031002629 MORTGAGORS: BAROWSKI SEAN
BAROWSKI CINDY
REGION CODE ADDRESS : 2300 SCARSBOROUGH DRIVE
01 CITY : HARRISBURG
STATE/ZIP : PA 17112
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 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 : 84.93500
----------------------------------------------------------------
0 0031002744 MORTGAGORS: ZIMMERMAN JED
GEORGE KAREN
REGION CODE ADDRESS : 8021 HOLY CROSS PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 267,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,986.93 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: 1,423,100.00
P & I AMT: 10,300.40
UPB AMT: 1,422,908.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031002777 MORTGAGORS: PRICE MICHAEL
PRICE KATHLEEN
REGION CODE ADDRESS : 523 WEST ELM STREET
01 CITY : LODI
STATE/ZIP : CA 95240
MORTGAGE AMOUNT : 116,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,918.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 831.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031002801 MORTGAGORS: RIVERA SANDY
REGION CODE ADDRESS : 11719 CANOE ROAD
01 CITY : FRISCO
STATE/ZIP : TX 75035
MORTGAGE AMOUNT : 98,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 97,930.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 702.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031002827 MORTGAGORS: BUFORD LUCIE
JENSEN MEHRI
REGION CODE ADDRESS : 17555 COUNTY ROAD 18E
01 CITY : LOVELAND
STATE/ZIP : CO 80537
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,815.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.32400
----------------------------------------------------------------
0 0031002926 MORTGAGORS: BUNTING PAUL
BUNTING SUZANNE
REGION CODE ADDRESS : 1274 PASADENA AVENUE
01 CITY : ATLANTA
STATE/ZIP : GA 30306
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031002959 MORTGAGORS: PIELECH MITCHELL
MCILVEEN-PIELECH DEBORAH
REGION CODE ADDRESS : 9 PILGRIM DRIVE
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 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
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,085,000.00
P & I AMT: 7,895.93
UPB AMT: 1,084,447.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031003247 MORTGAGORS: HERNANDEZ AUGUSTIN
CURTIS-HERNANDEZ KATHY
REGION CODE ADDRESS : 8300 EAST DIXILETA ROAD #260
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 412,828.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,510.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,983.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.05900
----------------------------------------------------------------
0 0031003312 MORTGAGORS: KEEVER CLARENCE
KEEVER HELEN
REGION CODE ADDRESS : 12714 CHRISWOOD DRIVE
01 CITY : CYPRESS
STATE/ZIP : TX 77429
MORTGAGE AMOUNT : 103,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 103,830.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 762.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0031003478 MORTGAGORS: MILANI REZA
REGION CODE ADDRESS : 32 BLAKELEY
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031003528 MORTGAGORS: WETZLER JAMES
WETZLER DONNA
REGION CODE ADDRESS : 6645 MAJESTIC DRIVE
01 CITY : FORT COLLINS
STATE/ZIP : CO 80528
MORTGAGE AMOUNT : 282,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,900.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.77600
----------------------------------------------------------------
0 0031003700 MORTGAGORS: O'CONNELL JANET
LEVINE THOMAS
REGION CODE ADDRESS : 1710 ST.MARGARETS ROAD
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.93700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,305,828.00
P & I AMT: 9,312.29
UPB AMT: 1,305,241.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031003726 MORTGAGORS: HECHT HARTMUTH
REGION CODE ADDRESS : 400 LANCASTER BLVD
01 CITY : MOSS BEACH
STATE/ZIP : CA 94038
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,017.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031003791 MORTGAGORS: HEMAUER STEPHEN
HEMAUER JANICE
REGION CODE ADDRESS : 1306 CHESTNUT
01 CITY : WESTERN SPRINGS
STATE/ZIP : IL 60558
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 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 : 44.44400
----------------------------------------------------------------
0 0031003957 MORTGAGORS: CAMP TONY
CAMP GLORIA
REGION CODE ADDRESS : 503 HADRIAN LANE
01 CITY : FORT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 219,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,587.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.02400
----------------------------------------------------------------
0 0031003965 MORTGAGORS: GHAFOURI FARZIN
GHAFOURI CECELIA
REGION CODE ADDRESS : 7619 STEVENSON WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92120
MORTGAGE AMOUNT : 234,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,734.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031003981 MORTGAGORS: CHICK CHARLES
CHICK KIM
REGION CODE ADDRESS : 2601 WAKE FOREST DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,748.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,550.43 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: 1,329,100.00
P & I AMT: 9,531.47
UPB AMT: 1,328,500.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031004088 MORTGAGORS: WEICHHART REXFORD
WEICHHART SUSAN
REGION CODE ADDRESS : 121 YGNACIO COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,854.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031004344 MORTGAGORS: JOYNER KENNETH
JOYNER KIMBERLIE
REGION CODE ADDRESS : 1270 QUAIL CREEK CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,439.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 69.15700
----------------------------------------------------------------
0 0031004781 MORTGAGORS: BIRNEY DALE
BIRNEY FELICIA
REGION CODE ADDRESS : 27 VIA BERRENDO
01 CITY : RANCHO SANTA MARGARITA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 239,120.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,923.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,590.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.70600
----------------------------------------------------------------
0 0031004914 MORTGAGORS: NERI STEVEN
NERI ALICIA
REGION CODE ADDRESS : 59 LAMBERT RIDGE ROAD
01 CITY : CROSS RIVER
STATE/ZIP : NY 10518
MORTGAGE AMOUNT : 477,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 477,602.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,632.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.65000
----------------------------------------------------------------
0 0031005010 MORTGAGORS: WILLETT ANDREW
WILLETT MARGARET
REGION CODE ADDRESS : 5535 WOODLAWN AVENUE NORTH
01 CITY : SEATTLE
STATE/ZIP : WA 98103
MORTGAGE AMOUNT : 239,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,689.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,759.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,513,370.00
P & I AMT: 11,135.20
UPB AMT: 1,512,570.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031005226 MORTGAGORS: PAREDES JEFF
PAREDES EMILY
REGION CODE ADDRESS : 666 ERIE CIRCLE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,847.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031005341 MORTGAGORS: WARSOCKI MICHAEL
WARSOCKI GLENNYS
REGION CODE ADDRESS : 4802 LEIGHFIELD VALLEY DRIVE
01 CITY : CHANTILLY
STATE/ZIP : VA 22021
MORTGAGE AMOUNT : 283,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,466.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031005606 MORTGAGORS: BROCK J
ARROYO JACQUELINE
REGION CODE ADDRESS : 32264 DERBY STREET
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 310,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,780.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031005663 MORTGAGORS: MILBAUER WILLIAM
MILBAUER ANNE
REGION CODE ADDRESS : 3592 MOUNT VERNON COURT
01 CITY : WOODBURY
STATE/ZIP : MN 55129
MORTGAGE AMOUNT : 255,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,874.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031005747 MORTGAGORS: ALLYN JAMES
ALLYN PAMELA
REGION CODE ADDRESS : 32 FRASER PLACE
01 CITY : HASTINGS ON HUDSON
STATE/ZIP : NY 10706
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.48600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,360,350.00
P & I AMT: 9,677.14
UPB AMT: 1,358,969.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031005788 MORTGAGORS: ROBBINS DANIEL
ROBBINS KERSTIN
REGION CODE ADDRESS : 431 TRAPPERS PASS
01 CITY : CHANHASSEN
STATE/ZIP : MN 55317
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031005846 MORTGAGORS: STETTLER DAVID
STETTLER LORI
REGION CODE ADDRESS : 5051 WIKLINSON AVENUE
01 CITY : (VALLEY VILLAGE AREA) LOS
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 201,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 201,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,461.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031005887 MORTGAGORS: FISH LAURENCE
FISH SANDRA
REGION CODE ADDRESS : 1840 LYNDON ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 407,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,189.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,814.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.09000
----------------------------------------------------------------
0 0031006158 MORTGAGORS: SPENCE LEW
REGION CODE ADDRESS : 1521 NORTH DOHENY DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90069
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 54.54500
----------------------------------------------------------------
0 0031006950 MORTGAGORS: OURSLER PAUL
OURSLER ROBIN
REGION CODE ADDRESS : 12669 E LAUREL LANE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,339.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,442,600.00
P & I AMT: 10,415.90
UPB AMT: 1,442,129.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031007032 MORTGAGORS: HUTTON ALBERT
REGION CODE ADDRESS : 11201 D-K RANCH ROAD
01 CITY : AUSTIN
STATE/ZIP : TX 78759
MORTGAGE AMOUNT : 124,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 123,910.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 877.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031007057 MORTGAGORS: CHIBIB ADAM
CHIBIB AMY
REGION CODE ADDRESS : 8125 BOTTLEBRUSH DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78750
MORTGAGE AMOUNT : 199,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 198,962.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,443.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031007180 MORTGAGORS: BIRTZER MARK
BIRTZER DENISE
REGION CODE ADDRESS : 1105 CHESTNUT DRIVE
01 CITY : LONGMONT
STATE/ZIP : CO 80503
MORTGAGE AMOUNT : 286,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,050.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031007396 MORTGAGORS: O'LEARY JOHN
O'LEARY SARAH
REGION CODE ADDRESS : 15 HERBERT ROAD
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.87300
----------------------------------------------------------------
0 0031007735 MORTGAGORS: ANTHONY WILLIAM
ANTHONY CAROLYN
REGION CODE ADDRESS : 6905 HARTLINE COURT
01 CITY : PLANO
STATE/ZIP : TX 75023
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,119,300.00
P & I AMT: 8,029.79
UPB AMT: 1,119,073.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031007792 MORTGAGORS: WONG CALVIN
REGION CODE ADDRESS : 902 CORTE AUGUSTA
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 204,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 204,609.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,484.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031007800 MORTGAGORS: LEE DAE
LEE SUNG
REGION CODE ADDRESS : 4730 LA CANADA BLVD
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031007917 MORTGAGORS: SWAIM RONNIE
SWAIM JUDY
REGION CODE ADDRESS : 10744 KINGFISHER CREEK ROAD
01 CITY : EL CAJON
STATE/ZIP : CA 92021
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,079.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 63.63600
----------------------------------------------------------------
0 0031008154 MORTGAGORS: MATALON HOWARD
MATALON ROBERTA
REGION CODE ADDRESS : 44 TOWER HILL ROAD
01 CITY : MOUNTAIN LAKES
STATE/ZIP : NJ 07046
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031008311 MORTGAGORS: RENCHER WILLIAM
RENCHER FRANCES
REGION CODE ADDRESS : 20891 LAUREL LEAF COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 231,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.60 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: 1,376,350.00
P & I AMT: 9,815.13
UPB AMT: 1,375,933.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031008337 MORTGAGORS: VIAZIS ANTHONY
REGION CODE ADDRESS : 1408 TEABERRY COURT
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 214,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,610.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031008485 MORTGAGORS: CASEY JOHNNY
CASEY CAROLYN
REGION CODE ADDRESS : 1014 TROUT AVENUE
01 CITY : PORT ISABEL
STATE/ZIP : TX 78578
MORTGAGE AMOUNT : 128,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,911.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 928.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031008766 MORTGAGORS: EWING FRANK
EWING LINDA
REGION CODE ADDRESS : 3560 SCHOONER RIDGE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30005
MORTGAGE AMOUNT : 271,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,313.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.43400
----------------------------------------------------------------
0 0031008840 MORTGAGORS: GALLEY GARRY
GALLEY TERRY-LYNN
REGION CODE ADDRESS : 1730 10TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,645.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,666.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 79.05100
----------------------------------------------------------------
0 0031009129 MORTGAGORS: DILLON CHARLES
DILLON LYN
REGION CODE ADDRESS : 20 HICKORY DRIVE
01 CITY : GROTON
STATE/ZIP : MA 01450
MORTGAGE AMOUNT : 348,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.25 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: 1,562,200.00
P & I AMT: 11,639.37
UPB AMT: 1,561,570.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031009376 MORTGAGORS: VAN ZUYLEN RON
WONEIS CATHERINE
REGION CODE ADDRESS : 205 ORCHARD GLEN COURT
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 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 : 68.57100
----------------------------------------------------------------
0 0031009459 MORTGAGORS: NEVILS KEITH
REGION CODE ADDRESS : 1779 SPRINGSONG DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031009475 MORTGAGORS: MISHRA YATISH
MARQUEZ ROSA
REGION CODE ADDRESS : 1280 LENNON WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,000.00 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 0031009657 MORTGAGORS: ENGLUND BRENT
FORRESTER JANET
REGION CODE ADDRESS : 4111 LYMAN ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,002.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031009830 MORTGAGORS: MARTIN RAYMOND
MARTIN MICHELLE
REGION CODE ADDRESS : 1721 ORCHARD DRIVE
01 CITY : ORANGE COUNTY, SANTA ANA
STATE/ZIP : CA 92707
MORTGAGE AMOUNT : 231,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,573.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,600.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,354,950.00
P & I AMT: 9,526.33
UPB AMT: 1,354,392.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031009913 MORTGAGORS: ENRIGHT MICHAEL
ENRIGHT SARAH
REGION CODE ADDRESS : 82 ORTINS ROAD
01 CITY : HAMILTON
STATE/ZIP : MA 01936
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,535.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031010044 MORTGAGORS: ESTRADA VICTORIA
REGION CODE ADDRESS : 33252 CORTE YACA
01 CITY : TEMECULA
STATE/ZIP : CA 92592
MORTGAGE AMOUNT : 130,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 129,910.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 942.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 92.85700
----------------------------------------------------------------
0 0031010531 MORTGAGORS: COLIN MARK
COLIN KRISTIN
REGION CODE ADDRESS : 4813 MERRILL STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 223,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,729.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,546.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031010853 MORTGAGORS: BALSON ROBERT
BALSON CONNIE
REGION CODE ADDRESS : 5996 CROSSVIEW COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 414,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,135.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,113.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031010960 MORTGAGORS: GOODMAN MICHAEL
GOODMAN DIANA
REGION CODE ADDRESS : 3561 LIDO COURT
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 469,651.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,286.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.42200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,542,300.00
P & I AMT: 10,988.23
UPB AMT: 1,540,963.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031010978 MORTGAGORS: MELLMAN DAVID
MELLMAN MELISSA
REGION CODE ADDRESS : 28608 ACACIA GLEN STREET
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,753.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031011059 MORTGAGORS: MCILVAINE JOHN
MCILVAINE KATHRYN
REGION CODE ADDRESS : 2106 ARBOR WAY
01 CITY : MARTINSVILLE
STATE/ZIP : NJ 08836
MORTGAGE AMOUNT : 333,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,821.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,249.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031011083 MORTGAGORS: SMITH JOSEPH
RHOADS THOMAS
REGION CODE ADDRESS : 1644 CICERO DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90026
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031011232 MORTGAGORS: MCLAUGHLIN JOHN
OMARK LISA
REGION CODE ADDRESS : 15 OLD QUARRY ROAD
01 CITY : WOODBRIDGE
STATE/ZIP : CT 06525
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031011364 MORTGAGORS: LONGORDO JOSEPH
LONGORDO SUNNY
REGION CODE ADDRESS : 3 SKYVIEW GARDENS ROAD
01 CITY : CLINTON TWP
STATE/ZIP : NJ 08833
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,839.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.96100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,390,900.00
P & I AMT: 9,693.94
UPB AMT: 1,389,415.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031011703 MORTGAGORS: KOLETTY STEPHEN
KOLETTY YUHANIZ
REGION CODE ADDRESS : 1037 GOLDEN ROSE STREET
01 CITY : SAN PEDRO
STATE/ZIP : CA 90731
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 : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031011950 MORTGAGORS: WALTON C
REGION CODE ADDRESS : 225 WEATHERSTONE ROAD
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 217,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 37.73900
----------------------------------------------------------------
0 0031012248 MORTGAGORS: SANCHEZ CARLOS
SANCHEZ ELIZABETH
REGION CODE ADDRESS : 8466 BEVERLY DRIVE
01 CITY : SAN GABRIEL
STATE/ZIP : CA 91775
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031012461 MORTGAGORS: PAYNE RONALD
PAYNE TAMERA
REGION CODE ADDRESS : 205 TERRAMAR
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.74600
----------------------------------------------------------------
0 0031012628 MORTGAGORS: LOCKSHIN NORMAN
LOCKSHIN SHEILA
REGION CODE ADDRESS : 1628 44TH STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,399.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,216,600.00
P & I AMT: 8,627.37
UPB AMT: 1,216,027.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031012636 MORTGAGORS: STEWART DAVID
REGION CODE ADDRESS : 1321 REBECCA DRIVE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 274,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,781.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031012701 MORTGAGORS: ASSAAD FAWZI
ASSAAD DOLORES
REGION CODE ADDRESS : 3 GOLDEN LILY PLACE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,275.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,806.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031013246 MORTGAGORS: MENCI DAVID
MENCI LISA
REGION CODE ADDRESS : 865 CASSEL ROAD
01 CITY : COLLEGEVILLE
STATE/ZIP : PA 19426
MORTGAGE AMOUNT : 260,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,848.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,955.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031013378 MORTGAGORS: RALSTON JAMES
RALSTON KAREN
REGION CODE ADDRESS : 24 FERNDALE ROAD
01 CITY : MADISON
STATE/ZIP : NJ 07940
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,731.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031013428 MORTGAGORS: RUDOLPH KYLE
ANDERSON JENNIFER
REGION CODE ADDRESS : 1518 OLD GULPH ROAD
01 CITY : LOWER MERION TWP
STATE/ZIP : PA 19085
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,092.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,955.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 55.88200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,696,050.00
P & I AMT: 12,607.01
UPB AMT: 1,692,729.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031013451 MORTGAGORS: SIZEMORE MARK
REGION CODE ADDRESS : 1004 WEST FIFTH STREET
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 229,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,050.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,601.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031013469 MORTGAGORS: GROVERMAN DAVID
GROVERMAN LINDA
REGION CODE ADDRESS : 1151 WALTON ROAD
01 CITY : BLUE BELL
STATE/ZIP : PA 19422
MORTGAGE AMOUNT : 640,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 639,500.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,365.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.57500
----------------------------------------------------------------
0 0031013477 MORTGAGORS: WEAVER SCOTT
WEAVER JENNIFER
REGION CODE ADDRESS : 801 DERBY DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 234,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,703.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031013550 MORTGAGORS: TRAN QUANG
THAI MIEN
REGION CODE ADDRESS : 3537 EDGEMAN COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,000.00 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 0031013576 MORTGAGORS: STEBBINS RICHARD
REGION CODE ADDRESS : 79 APPLETON STREET, UNIT #1
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 271,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,612.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.74 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: 1,707,500.00
P & I AMT: 12,170.53
UPB AMT: 1,705,866.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031013600 MORTGAGORS: SCHNEIDER TERRY
SCHNEIDER SUSAN
REGION CODE ADDRESS : 1381 ROBERT COURT
01 CITY : BREA
STATE/ZIP : CA 92621
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,846.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.96500
----------------------------------------------------------------
0 0031013642 MORTGAGORS: SANDERS WILLIAM
SANDERS DEBORAH
REGION CODE ADDRESS : 10816 NETHERLAND DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75229
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,652.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,397.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031013675 MORTGAGORS: SULLIVAN JOHN
VOSSLER CATHLEEN
REGION CODE ADDRESS : 132 PATTON AVENUE
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,314.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,163.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031013683 MORTGAGORS: BUDIARDJO TUGU
REGION CODE ADDRESS : 5103 SUMMERBROOK DRIVE
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 314,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,878.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,250.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031013717 MORTGAGORS: HELSEL SAMUEL
REGION CODE ADDRESS : 28 BOAT STREET
01 CITY : NORTH HALEDON
STATE/ZIP : NJ 07508
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,557.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,535,100.00
P & I AMT: 11,154.84
UPB AMT: 1,533,248.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031013998 MORTGAGORS: DAIGLE ROBERT
DAIGLE DEIDRE
REGION CODE ADDRESS : 3106 E DESERT FLOWER LANE
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,790.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031014301 MORTGAGORS: SORENSON BERT
SORENSON JANICE
REGION CODE ADDRESS : 910 TWELVE OAKS ROAD
01 CITY : CARMEL
STATE/ZIP : IN 46032
MORTGAGE AMOUNT : 334,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,263.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,396.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.79000
----------------------------------------------------------------
0 0031014327 MORTGAGORS: MORRIS DENNIS
MORRIS DONNA
REGION CODE ADDRESS : 7245 SOUTH CHAPPARAL CIRCLE E.
01 CITY : AURORA
STATE/ZIP : CO 80016
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,568.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.74300
----------------------------------------------------------------
0 0031014350 MORTGAGORS: ESTEP JAY
ESTEP JANET
REGION CODE ADDRESS : 25286 ABILENE COURT
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,693.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,226.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.07800
----------------------------------------------------------------
0 0031014368 MORTGAGORS: TAYLOR ERIC
TAYLOR MARY
REGION CODE ADDRESS : 149 ROCKY POINT ROAD
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,816.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,079.00 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: 1,677,500.00
P & I AMT: 12,098.38
UPB AMT: 1,676,565.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031014459 MORTGAGORS: WYNNE MILDRED
REGION CODE ADDRESS : 347 62ND STREET
01 CITY : NEW PORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 225,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,352.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,674.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 93.95800
----------------------------------------------------------------
0 0031014681 MORTGAGORS: STACHENFELD ROBERT
STACHENFELD GRACIELA
REGION CODE ADDRESS : 143 CUTLER RD
01 CITY : GREENWICH
STATE/ZIP : CT 06831
MORTGAGE AMOUNT : 469,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,660.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,319.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 50.70200
----------------------------------------------------------------
0 0031014962 MORTGAGORS: DALE ERIC
DALE DIANE
REGION CODE ADDRESS : 9151 S ROUNDTREE DRIVE
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,788.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031015027 MORTGAGORS: CHOU DAVID
CHOU TAMMY
REGION CODE ADDRESS : 15 FLAG HILL ROAD
01 CITY : CHAPPAQUA
STATE/ZIP : NY 10510
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,000.00 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 : 54.02290
----------------------------------------------------------------
0 0031015084 MORTGAGORS: WALDRON SCOTT
ORR SHARON
REGION CODE ADDRESS : 2283 WAHSUM CIRCLE
01 CITY : CENTERVILLE
STATE/ZIP : OH 45459
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,639.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,515.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,534,500.00
P & I AMT: 11,022.43
UPB AMT: 1,533,652.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031015308 MORTGAGORS: CELICH ALBERT
CELICH KRISTINA
REGION CODE ADDRESS : 9501 TUBA COURT
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,206.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,779.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031015316 MORTGAGORS: PRICE CHRISTOPHER
PRICE SUSAN
REGION CODE ADDRESS : 200 COMMONS WAY
01 CITY : CHAPEL HILL
STATE/ZIP : NC 27516
MORTGAGE AMOUNT : 288,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,680.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.99500
----------------------------------------------------------------
0 0031015464 MORTGAGORS: FEINBERG GREGORY
FEINBERG EILEEN
REGION CODE ADDRESS : 1501 KENSINGTON DRIVE
01 CITY : ALGONQUIN
STATE/ZIP : IL 60102
MORTGAGE AMOUNT : 244,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,789.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
0 0031015571 MORTGAGORS: KRAMER RONALD
BRUECHER KIMBERLY
REGION CODE ADDRESS : 41684 MARIGOLD DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.74800
----------------------------------------------------------------
0 0031015746 MORTGAGORS: CURTIS REED
REGION CODE ADDRESS : 4369 GLENGARY DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30342
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 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 : 77.58600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,358,450.00
P & I AMT: 9,653.14
UPB AMT: 1,357,676.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031015902 MORTGAGORS: TRONOLONE WILLIAM
TRONOLONE CONNIE
REGION CODE ADDRESS : 11 HEATH ROAD
01 CITY : WHITEHOUSE STATION
STATE/ZIP : NJ 08889
MORTGAGE AMOUNT : 317,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,165.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.43900
----------------------------------------------------------------
0 0031015985 MORTGAGORS: MCGILL DEAN
REGION CODE ADDRESS : 290 BOLLA PLACE
01 CITY : ALAMO
STATE/ZIP : CA 94507
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031016017 MORTGAGORS: CHOU CHENGKUO
CHOU PEIPEI
REGION CODE ADDRESS : 350 ROBINWOOD LANE
01 CITY : HILLSBOROUGH
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 606,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 606,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,341.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.29400
----------------------------------------------------------------
0 0031016223 MORTGAGORS: WADE PAUL
WADE LAURA
REGION CODE ADDRESS : 17354 JESSICA LANE
01 CITY : CHINA HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 224,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
0 0031016298 MORTGAGORS: WALKER WILLIAM
HILL CANDICE
REGION CODE ADDRESS : 375 NORTH ROAD
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.79400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,795,700.00
P & I AMT: 12,736.60
UPB AMT: 1,795,700.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031016355 MORTGAGORS: LANGE TONY
LANGE MARY SUE
REGION CODE ADDRESS : 1743 E. EUCALYPTOS
01 CITY : BIZDA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031016595 MORTGAGORS: OLIVER JOHN
REGION CODE ADDRESS : 8 MELISSA COURT
01 CITY : OWINGS MILLS
STATE/ZIP : MD 21117
MORTGAGE AMOUNT : 221,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,745.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 90.92213
----------------------------------------------------------------
0 0031016603 MORTGAGORS: MYBURGH JAN
MYBURGH RONELL
REGION CODE ADDRESS : 6022 ANNETTE CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 303,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,846.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,223.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031016637 MORTGAGORS: VAN VERST GEORGE
VAN VERST MARY
REGION CODE ADDRESS : 726 KEYSTONE
01 CITY : RIVER FOREST
STATE/ZIP : IL 60305
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,654.78 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 : 62.50000
----------------------------------------------------------------
0 0031016769 MORTGAGORS: MUTTERA MICHAEL
MUTTERA TERI
REGION CODE ADDRESS : 3023 MARGARET LANE
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 304,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,868.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,100.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.97000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,307,000.00
P & I AMT: 9,594.88
UPB AMT: 1,306,220.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031016959 MORTGAGORS: COVELL CYNTHIA
BRUCE DEBORAH
REGION CODE ADDRESS : 4663 N 35TH STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 343,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,662.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031016991 MORTGAGORS: TIPTON CURTIS
TIPTON ROSALINA
REGION CODE ADDRESS : 233 WESTPORT ROAD
01 CITY : WILTON
STATE/ZIP : CT 06897
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031017023 MORTGAGORS: MILORO JOSEPH
IAZZETTA ELIZABETH
REGION CODE ADDRESS : 297 BUTTERY ROAD
01 CITY : NORWALK
STATE/ZIP : CT 06850
MORTGAGE AMOUNT : 317,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,031.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,300.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031017056 MORTGAGORS: CHIN TONY
NOJIMA WENDY
REGION CODE ADDRESS : 7469 HANSEN DRIVE
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,793.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.02500
----------------------------------------------------------------
0 0031017130 MORTGAGORS: SHAPIRO HELENE
SHAPIRO JONATHAN
REGION CODE ADDRESS : 9713 KIRKSIDE ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 622,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 621,526.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,296.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.08571
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,799,450.00
P & I AMT: 12,596.80
UPB AMT: 1,798,015.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031017288 MORTGAGORS: VARGAS FERDINAND
SABLAD ARSENIO
REGION CODE ADDRESS : 35655 BERNARD DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 346,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,211.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,512.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98700
----------------------------------------------------------------
0 0031017296 MORTGAGORS: CLARK STEVEN
CLARK CLAUDIA
REGION CODE ADDRESS : 410 POPLAR AVENUE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,847.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 58.01500
----------------------------------------------------------------
0 0031017395 MORTGAGORS: PETERSON ERIC
PETERSON MARY
REGION CODE ADDRESS : 19 CALLE AMINO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 358,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,341.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,570.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 51.26400
----------------------------------------------------------------
0 0031017445 MORTGAGORS: PLATT LEONARD
REGION CODE ADDRESS : 11982 TIFFANY WAY
01 CITY : TEQUESTA
STATE/ZIP : FL 33469
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,247.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031017478 MORTGAGORS: SMITH REGINA
REGION CODE ADDRESS : 601 EASTTREVEN PLACE
01 CITY : DRAPER
STATE/ZIP : UT 84020
MORTGAGE AMOUNT : 289,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,559,000.00
P & I AMT: 11,230.91
UPB AMT: 1,557,347.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031017593 MORTGAGORS: BISSELL JOHN
BISSELL ROBIN
REGION CODE ADDRESS : 4168 MEADOW WOOD DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 233,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,526.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97400
----------------------------------------------------------------
0 0031017957 MORTGAGORS: AQUINO CHRISTOPHER
AQUINO CONNIE
REGION CODE ADDRESS : 214 CARNELIAN ROAD
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,935.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.76100
----------------------------------------------------------------
0 0031018138 MORTGAGORS: KLEINSCHMIDT JAMES
KLEINSCHMIDT RITA
REGION CODE ADDRESS : 8861 ALDERLY COURT
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46260
MORTGAGE AMOUNT : 261,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.27500
----------------------------------------------------------------
0 0031018153 MORTGAGORS: SUMNER STEPHEN
SUMNER ERIKA
REGION CODE ADDRESS : 15156 WETHERBURN DRIVE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,799.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031018179 MORTGAGORS: BARINAS LUCILA
REGION CODE ADDRESS : 120 BROOKSHIRE DR
01 CITY : WARRENTON
STATE/ZIP : VA 22186
MORTGAGE AMOUNT : 273,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,325.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.96500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,305,300.00
P & I AMT: 9,360.66
UPB AMT: 1,304,751.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 140
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031018229 MORTGAGORS: KAPEGHIAN JOHN
KAPEGHIAN MARTHA
REGION CODE ADDRESS : 14240 VIA CONTENTO COURT
01 CITY : RENO
STATE/ZIP : NV 89511
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,764.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.60900
----------------------------------------------------------------
0 0031018500 MORTGAGORS: COMBS KENNETH
COMBS PEGGY
REGION CODE ADDRESS : 7415 W. LIBBY DRIVE
01 CITY : GLENDALE
STATE/ZIP : AZ 85308
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,367.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031018963 MORTGAGORS: MELLOWS DAVID
REGION CODE ADDRESS : 84 HAMILTON STREET
01 CITY : MADISON
STATE/ZIP : NJ 07940
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.96400
----------------------------------------------------------------
0 0031019003 MORTGAGORS: ABATA JOSEPH
ABATA JODI
REGION CODE ADDRESS : 511 FRANKLIN AVENUE
01 CITY : WYCKOFF
STATE/ZIP : NJ 07481
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031019243 MORTGAGORS: SAARONY GAD
BERG KRISTIN
REGION CODE ADDRESS : 1778 BEACON STREET #302
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.23000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,300,800.00
P & I AMT: 9,555.47
UPB AMT: 1,300,431.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 141
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031019482 MORTGAGORS: SMITH RANDAL
SMITH CHRISTINA
REGION CODE ADDRESS : 5265 WEST 10900 NORTH
01 CITY : HIGHLAND
STATE/ZIP : UT 84004
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031020001 MORTGAGORS: MOTLEY THOMAS
REGION CODE ADDRESS : 8 WHICHITA ROAD
01 CITY : MEDFIELD
STATE/ZIP : MA 02052
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,779.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.07800
----------------------------------------------------------------
0 0031020027 MORTGAGORS: WOODHOUSE DAVID
WOODHOUSE JEANNE
REGION CODE ADDRESS : 6505 KELLS COURT
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 259,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.73800
----------------------------------------------------------------
0 0031020274 MORTGAGORS: MILLER NEIL
MILLER RHYS
REGION CODE ADDRESS : 2595 CHEYENNE COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 251,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,335.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 67.06666
----------------------------------------------------------------
0 0031020282 MORTGAGORS: HOUSEHOLDER DON
HOUSEHOLDER DARLENE
REGION CODE ADDRESS : 2218 CALLE OPALO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,638.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 52.57700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,282,050.00
P & I AMT: 9,190.07
UPB AMT: 1,281,303.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 142
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031020340 MORTGAGORS: LEWIS JOHN
LEWIS ARLENE
REGION CODE ADDRESS : 407 MEADE DRIVE S.W.
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 244,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,777.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031020431 MORTGAGORS: SAMSTAG LESTER
REGION CODE ADDRESS : 24 CELONOVA PLACE
01 CITY : FOOTHILL
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 226,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,540.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.49900
----------------------------------------------------------------
0 0031020456 MORTGAGORS: NGUYEN KEN
PHAM THUY
REGION CODE ADDRESS : 31517 SILVERTIDE DRIVE
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 322,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,648.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031020480 MORTGAGORS: KRIEGER RUSSELL
KRIEGER LINDA
REGION CODE ADDRESS : 31272 PASEO MONTEVIDEO
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 324,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,915.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,294.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031020498 MORTGAGORS: OCAMPO ANTONIO
OCAMPO ADRIANA
REGION CODE ADDRESS : 9885 SILVRETTA DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 239,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,802.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,357,050.00
P & I AMT: 9,500.16
UPB AMT: 1,355,683.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 143
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031020555 MORTGAGORS: IMWALLE DONALD
IMWALLE KATHERINE
REGION CODE ADDRESS : 10450 BERKSHIRE DRIVE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 429,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,005.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 21.49500
----------------------------------------------------------------
0 0031020597 MORTGAGORS: PFEFFER ADAM
PFEFFER JULIE
REGION CODE ADDRESS : 1878 SUNSET ROAD
01 CITY : HIGHLAND PARK
STATE/ZIP : IL 60035
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031020688 MORTGAGORS: CURRAN CRAIG
CURRAN SUSAN
REGION CODE ADDRESS : 21 HILLSIDE DRIVE
01 CITY : LAS FLORES AREA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 306,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0031020696 MORTGAGORS: GIBSON NEIL
GIBSON PAULETTE
REGION CODE ADDRESS : 27 HILLSIDE DRIVE
01 CITY : (LAS FLORES AREA) ORANGE
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 223,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031020746 MORTGAGORS: WADE DAVID
WADE LEA
REGION CODE ADDRESS : 6565 VIA DEL PRADO
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 219,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,131.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,553.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,434,650.00
P & I AMT: 10,272.55
UPB AMT: 1,434,331.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 144
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031020886 MORTGAGORS: PRICE JOSEPH
PRICE LEE ANN
REGION CODE ADDRESS : 27820 ALEUTIA WAY
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 312,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,062.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,156.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.78100
----------------------------------------------------------------
0 0031020944 MORTGAGORS: O'TOUSA JAMES
O'TOUSA MARLENE
REGION CODE ADDRESS : 2189 CALLE RISCOSO
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 279,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,288.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031020969 MORTGAGORS: MALSBURY MARY
REGION CODE ADDRESS : 4613 BILTMOORE DRIVE
01 CITY : FRISCO
STATE/ZIP : TX 75034
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,754.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,493.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.45200
----------------------------------------------------------------
0 0031020977 MORTGAGORS: CHANDRYKO JANUSZ
CHANDRYKO HELENA
REGION CODE ADDRESS : 5320 CAMINITO EXQUISITO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 266,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,097.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031020993 MORTGAGORS: THORN MARK
THORN LYNNE
REGION CODE ADDRESS : 7261 OCCIDENTAL ROAD
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 306,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,383.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,196.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.61500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,512,800.00
P & I AMT: 10,593.25
UPB AMT: 1,511,586.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 145
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031021041 MORTGAGORS: HOLM RICHARD
HOLM MARY
REGION CODE ADDRESS : 747 NORTH 163RD AVENUE
01 CITY : OMAHA
STATE/ZIP : NE 68118
MORTGAGE AMOUNT : 256,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,109.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.34600
----------------------------------------------------------------
0 0031021280 MORTGAGORS: DERWIN ALAN
REGION CODE ADDRESS : 316 MONROVIA AVE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 295,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,711.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,223.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0031021306 MORTGAGORS: ROEPEL MICHAEL
WESTLING DARA
REGION CODE ADDRESS : 38 ELLERT STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 97410
MORTGAGE AMOUNT : 212,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 212,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,555.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031021389 MORTGAGORS: KNIGHT MICHAEL
KNIGHT JULIE
REGION CODE ADDRESS : 204 REED CIRCLE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 312,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,187.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031021512 MORTGAGORS: HURKAMP MARK
DOBRINDT CATHERINE
REGION CODE ADDRESS : 3444 LAUNCELOT WAY
01 CITY : ANNANDALE
STATE/ZIP : VA 22003
MORTGAGE AMOUNT : 258,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,335,300.00
P & I AMT: 9,541.84
UPB AMT: 1,334,921.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 146
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031021520 MORTGAGORS: PFEIFER BOWDOIN
INMAN JULIANA
REGION CODE ADDRESS : 2133 FIRST ST
01 CITY : NAPA
STATE/ZIP : CA 94559
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031022072 MORTGAGORS: MATTHIAS JOHN
MATTHIAS KELLY
REGION CODE ADDRESS : 20667 CROW CREEK ROAD
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,315.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031022098 MORTGAGORS: SMITH JERRY
LITTKE-SMITH CONNIE
REGION CODE ADDRESS : 18142 ALLEGHENY DRIVE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,811.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 74.66600
----------------------------------------------------------------
0 0031022304 MORTGAGORS: MAMER JOHN
MAMER LAURA
REGION CODE ADDRESS : 16634 MAGNOLIA BOULEVARD
01 CITY : ENCINO
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,651.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,827.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.43900
----------------------------------------------------------------
0 0031022395 MORTGAGORS: CASE REBECCA
CASE SCOTT
REGION CODE ADDRESS : 1670 BEULAH ROAD
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 417,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,112.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,885.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99808
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,637,250.00
P & I AMT: 11,517.87
UPB AMT: 1,635,725.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 147
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031022486 MORTGAGORS: LEVY HOWARD
LEVY SUZIN
REGION CODE ADDRESS : 911 SUMMIT ROAD
01 CITY : PENN VALLEY
STATE/ZIP : PA 19072
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,718.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,555.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.08333
----------------------------------------------------------------
0 0031022528 MORTGAGORS: SEEBACH RICHARD
SEEBACH JOANNE
REGION CODE ADDRESS : 119 LA VERNE AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 229,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031022635 MORTGAGORS: MURRAY ELLEN
MURRAY DOUGLAS
REGION CODE ADDRESS : 1613 STANFORD AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 254,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031022668 MORTGAGORS: BRAMLETT DALE
BRAMLETT SHARON
REGION CODE ADDRESS : 6225 EAST GOLDENROD LANE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 290,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,108.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031022700 MORTGAGORS: FORBES ALEX
REGION CODE ADDRESS : 927 BEDFORD STREET
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,774.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,465,100.00
P & I AMT: 10,422.16
UPB AMT: 1,464,592.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 148
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031022734 MORTGAGORS: SULLIVAN FRANK
SULLIVAN LYNNE
REGION CODE ADDRESS : 17565 OAKSHIRE PLACE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94546
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,744.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,005.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031022759 MORTGAGORS: POLLINGER MICHAEL
POLLINGER ANNE
REGION CODE ADDRESS : 5347 EAST BRITTAIN STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 90808
MORTGAGE AMOUNT : 184,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 183,859.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,270.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.10200
----------------------------------------------------------------
0 0031022767 MORTGAGORS: BALINGER EDWIN
BALINGER DOREEN
REGION CODE ADDRESS : 2434 INDIGO DRIVE
01 CITY : EL CAJON AREA
STATE/ZIP : CA 92019
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,781.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,382.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 86.66600
----------------------------------------------------------------
0 0031022809 MORTGAGORS: COVINGTON LARRY
COVINGTON MARCENE
REGION CODE ADDRESS : 7232 RYAN RANCH ROAD
01 CITY : SHINGLE SPRINGS
STATE/ZIP : CA 95682
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031022841 MORTGAGORS: ZIELASKO DOUGLAS
ZIELASKO LIZA
REGION CODE ADDRESS : 24232 VIA MADRUGADA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,369,000.00
P & I AMT: 9,972.92
UPB AMT: 1,368,235.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 149
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031023062 MORTGAGORS: PEARCE GARY
PEARCE LYDIA
REGION CODE ADDRESS : 218 KESWICK
01 CITY : SUGAR LAND
STATE/ZIP : TX 77478
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 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 : 75.47100
----------------------------------------------------------------
0 0031023179 MORTGAGORS: VAUGHN FRED
HALL MARY
REGION CODE ADDRESS : 12 BERKSHIRE ROAD
01 CITY : CHELMSFORD
STATE/ZIP : MA 01824
MORTGAGE AMOUNT : 169,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,183.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.05200
----------------------------------------------------------------
0 0031023716 MORTGAGORS: GAGNE MICHAEL
GAGNE SHIRLEY
REGION CODE ADDRESS : 949 PROSPECT HEIGHTS
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95065
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,794.55 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 : 86.26100
----------------------------------------------------------------
0 0031023807 MORTGAGORS: EVANS PAUL
EVANS BARBARA
REGION CODE ADDRESS : 8 BARNEBURG
01 CITY : DOVE CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 406,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,982.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.90900
----------------------------------------------------------------
0 0031023914 MORTGAGORS: GUERRAZZI STEVEN
GUERRAZZI JEANNE
REGION CODE ADDRESS : 3510 HAGEN ROAD
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 358,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,358.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,628.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 34.15200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,604,300.00
P & I AMT: 11,559.72
UPB AMT: 1,603,853.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 150
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031024102 MORTGAGORS: EDMONDS RAYMOND
EDMONDS RACHEL
REGION CODE ADDRESS : 4054 239TH PLACE S.E.
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,000.00 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 : 79.02000
----------------------------------------------------------------
0 0031024110 MORTGAGORS: LYTTLE HARRY
LYTTLE MARTHA
REGION CODE ADDRESS : 87 ISLAND BEACH ROAD
01 CITY : WELLS
STATE/ZIP : ME 04090
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031024128 MORTGAGORS: WILLIAMS TROY
WILLIAMS MARY
REGION CODE ADDRESS : 5102 OLD OAK LANE
01 CITY : COLLEYVILLE
STATE/ZIP : TX 75005
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031024177 MORTGAGORS: FRACTOR DAVID
FRACTOR SUSAN
REGION CODE ADDRESS : 4040 HILTON HEAD WAY
01 CITY : TARZANA
STATE/ZIP : CA 91356
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.62700
----------------------------------------------------------------
0 0031024219 MORTGAGORS: CONDOS CONSTANTINE
CONDOS JOANNA
REGION CODE ADDRESS : 456 TRAVERSO AVENUE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,751.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,169.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 39.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,349,000.00
P & I AMT: 9,568.73
UPB AMT: 1,348,564.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 151
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031024771 MORTGAGORS: LIVINGSTON JOHN
SCHENKELBERG JULIE
REGION CODE ADDRESS : 19411 WINSLOW ROAD
01 CITY : SHAKER HEIGHTS
STATE/ZIP : OH 44122
MORTGAGE AMOUNT : 149,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,097.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031025133 MORTGAGORS: ADELL NIKOLAS
ADELL POLLY
REGION CODE ADDRESS : 19445 CUESTA CALA
01 CITY : TOPANGO AREA LOS ANGELES
STATE/ZIP : CA 90290
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031025299 MORTGAGORS: COLE DOUGLAS
COLE JILL
REGION CODE ADDRESS : 730 MAYVIEW WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,833.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031025406 MORTGAGORS: DONG KWAN
DONG MONICA
REGION CODE ADDRESS : 2242 48TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031025422 MORTGAGORS: MATHES STEPHEN
MC GARRY MARIA
REGION CODE ADDRESS : 199 LYNNEBROOK LANE
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19118
MORTGAGE AMOUNT : 228,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,221.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,619.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,107,350.00
P & I AMT: 7,943.80
UPB AMT: 1,105,488.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 152
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031025604 MORTGAGORS: TSAI MING-CHI
TSAI LING-JENG
REGION CODE ADDRESS : 9 KEYSTONE WAY
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,641.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031025737 MORTGAGORS: CANTY JAMES
CANTY NAOMI
REGION CODE ADDRESS : 5 FOXHOLLOW
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 370,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,848.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031025935 MORTGAGORS: POLMANSKI TED
POLMANSKI SUSAN
REGION CODE ADDRESS : 5771 TENNEYSON DRIVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,965.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031026149 MORTGAGORS: HORNER STEVEN
HORNER ZENDA
REGION CODE ADDRESS : 25038 COUNTRY OAK CIRCLE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 357,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,327.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,469.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031026156 MORTGAGORS: MATZ TIMOTHY
MATZ AMMIE
REGION CODE ADDRESS : 21921 VIA DEL LAGO
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,803.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,802,000.00
P & I AMT: 13,152.92
UPB AMT: 1,801,531.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 153
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031026164 MORTGAGORS: GOMEZ PEDRO
GOMEZ SANDRA
REGION CODE ADDRESS : 2024 EAST GRANITE VIEW DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031026206 MORTGAGORS: BUCCILLA JERRY
BUCCILLA LISA
REGION CODE ADDRESS : 370 BEECHER ROAD
01 CITY : GAHANNA
STATE/ZIP : OH 43230
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,093.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,566.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031026255 MORTGAGORS: MITCHELL GEORGE
MITCHELL ELIZABETH
REGION CODE ADDRESS : 71 PARKSTONE COURT
01 CITY : STONE MOUNTAIN
STATE/ZIP : GA 30087
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,009.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.10000
----------------------------------------------------------------
0 0031026289 MORTGAGORS: BERKA RANDY
BERKA RHONDA
REGION CODE ADDRESS : 3609 MODOC PLACE
01 CITY : DAVIS
STATE/ZIP : CA 95616
MORTGAGE AMOUNT : 217,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,850.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.57100
----------------------------------------------------------------
0 0031026586 MORTGAGORS: POGUE RONALD
POGUE JOYCE
REGION CODE ADDRESS : 907 BOX CANYON TRAIL
01 CITY : PALM DESERT
STATE/ZIP : CA 92211
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,848.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 64.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,133,000.00
P & I AMT: 8,234.08
UPB AMT: 1,130,637.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 154
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031026594 MORTGAGORS: HICAR SCOTT
HICAR KRISTINA
REGION CODE ADDRESS : 2111 MALLARD PLACE
01 CITY : LONGMONT
STATE/ZIP : CO 80501
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031026610 MORTGAGORS: LOCKETT DAVID
LOCKETT DEBORAH
REGION CODE ADDRESS : 22626 HUTCHINSON ROAD
01 CITY : LOS GATOS
STATE/ZIP : CA 95033
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.73900
----------------------------------------------------------------
0 0031026750 MORTGAGORS: MASON JEFFERY
MASON KELLY
REGION CODE ADDRESS : 3554 BALLANTYNE DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031026784 MORTGAGORS: SEGALE DONALD
SEGALE CHRISTINE
REGION CODE ADDRESS : 211 HILLSDALE WAY
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,787.40 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 : 72.22200
----------------------------------------------------------------
0 0031026818 MORTGAGORS: WATERHOUSE JAMES
WATERHOUSE LETHA
REGION CODE ADDRESS : 12 FLINTSTONE
01 CITY : ALISO VIEJO AREA
STATE/ZIP : CA 92654
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,336.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 86.36300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,377,500.00
P & I AMT: 10,038.67
UPB AMT: 1,376,915.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 155
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031026909 MORTGAGORS: STEINBERG STEPHEN
STEINBERG KAREN
REGION CODE ADDRESS : 1026 CANYON CREEK TERRACE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 344,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,312.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,498.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 57.42500
----------------------------------------------------------------
0 0031026925 MORTGAGORS: WILKINS RICHARD
WILKINS SHAUNA
REGION CODE ADDRESS : 556 VIA LA BARRANCA
01 CITY : ARROYO GRANDE
STATE/ZIP : CA 93420
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,812.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 79.26136
----------------------------------------------------------------
0 0031026982 MORTGAGORS: SCHULTE WILLIAM
SCHULTE CATHERINE
REGION CODE ADDRESS : 8 UPPER CECILIA WAY
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,719.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,739.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 37.39100
----------------------------------------------------------------
0 0031027022 MORTGAGORS: SMITH RICHARD
SYKORA JAN
REGION CODE ADDRESS : 1901 ALAMEDA TERRACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,313.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031027147 MORTGAGORS: ISAAH THOMAS
ISAAH CAROL
REGION CODE ADDRESS : 1103 COUNTRY CLUB DRIVE
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,756.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,608,050.00
P & I AMT: 11,529.01
UPB AMT: 1,606,915.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 156
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031027204 MORTGAGORS: CUMMINGS L
CUMMINGS SHARON
REGION CODE ADDRESS : 2815 CORTE ESMERALDA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,689.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,152.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027261 MORTGAGORS: CUMMING GEOFFREY
CUMMING DONNA
REGION CODE ADDRESS : 2096 EUCALYPTUS AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 351,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,932.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,425.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027329 MORTGAGORS: TRIEU THAO
REGION CODE ADDRESS : 146 MONACO DR
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 459,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,765.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,330.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.89500
----------------------------------------------------------------
0 0031027352 MORTGAGORS: WILSON TERRENCE
PARKS WILSON KATHRYN
REGION CODE ADDRESS : 2524 LAUREL PASS
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,613.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
0 0031027410 MORTGAGORS: ZAWACKI LINDA
REGION CODE ADDRESS : 817 SHORE BREEZE DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95831
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,797.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,796,600.00
P & I AMT: 12,776.24
UPB AMT: 1,794,798.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 157
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031027485 MORTGAGORS: ROBINSON JAMES
NGUYEN DUC
REGION CODE ADDRESS : 7369 ROSEWOOD AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 233,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,634.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.98000
----------------------------------------------------------------
0 0031027519 MORTGAGORS: NESS THOMAS
THOMPSON DIANA
REGION CODE ADDRESS : 888 PIOVANA COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 263,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,136.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031027535 MORTGAGORS: LUAN SHYH
KAO SOPHIA
REGION CODE ADDRESS : 20064 JOHN DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,723.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,808.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.27100
----------------------------------------------------------------
0 0031027618 MORTGAGORS: ROWBOTTOM MICHAEL
ROWBOTTOM CHRISTINE
REGION CODE ADDRESS : 512 SCOTT AVENUE
01 CITY : GRAYSLAKE
STATE/ZIP : IL 60030
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031027659 MORTGAGORS: KEELER JEFFREY
KEELER M
REGION CODE ADDRESS : 20147 SUMMERRIDGE DR
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 239,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,376.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,695.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,395,400.00
P & I AMT: 10,039.60
UPB AMT: 1,394,271.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 158
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031027931 MORTGAGORS: BRIENS ERIC
BRIENS CAROL
REGION CODE ADDRESS : 12033 BLUE DIAMOND COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 302,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,913.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 88.91100
----------------------------------------------------------------
0 0031028129 MORTGAGORS: JOLLY TIMOTHY
JOLLY KAREN
REGION CODE ADDRESS : 577 AZURE HILLS DRIVE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,607.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031028160 MORTGAGORS: CROWE JEFFREY
CROWE NANCY
REGION CODE ADDRESS : 2973 RICHLAND AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 288,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,306.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,116.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.69000
----------------------------------------------------------------
0 0031028202 MORTGAGORS: KNOPP JEROME
KNOPP SANDRA
REGION CODE ADDRESS : 995 BRIGHT STAR CIRCLE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 336,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,035.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,439.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.10400
----------------------------------------------------------------
0 0031028228 MORTGAGORS: JONES ADOLPH
JONES KATHERINE
REGION CODE ADDRESS : 10700 BAILE AVENUE
01 CITY : CHATSWORTH
STATE/ZIP : CA 91311
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,497,300.00
P & I AMT: 10,914.12
UPB AMT: 1,495,656.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 159
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031028335 MORTGAGORS: FERRARI THOMAS
FERRARI LORI
REGION CODE ADDRESS : 1617 LEWISTON DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 377,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,452.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,668.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.40100
----------------------------------------------------------------
0 0031028426 MORTGAGORS: BAI TU
CHU KIMANH
REGION CODE ADDRESS : 20508 GORDON COURT
01 CITY : SARATOGA
STATE/ZIP : CA 95070
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.44400
----------------------------------------------------------------
0 0031028491 MORTGAGORS: MUHAMMAD VILLAYAT
NAZ ASMA
REGION CODE ADDRESS : 3081 BALMORAL DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028541 MORTGAGORS: BOTZBACH RICHARD
BOTZBACH PAM
REGION CODE ADDRESS : 11712 VIA RANCHO
01 CITY : SANTA ANA AREA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,695.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,094.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028566 MORTGAGORS: VINCENT NICHOLAS
REGION CODE ADDRESS : 2105 PULLMAN LANE #B
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,779.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.14285
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,853,000.00
P & I AMT: 13,285.93
UPB AMT: 1,851,419.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 160
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031028574 MORTGAGORS: LUFKIN ROBERT
REGION CODE ADDRESS : 12961 MULHOLLAND DRIVE
01 CITY : BEVERLY HILLS AREA, LOS A
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 397,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,733.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,910.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 56.71400
----------------------------------------------------------------
0 0031028608 MORTGAGORS: BZOSKIE THOMAS
BZOSKIE LISANNE
REGION CODE ADDRESS : 2459 CHAUCER PLACE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 354,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,261.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,598.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 79.66200
----------------------------------------------------------------
0 0031028616 MORTGAGORS: PAPA GERARD
PAPA SUSAN
REGION CODE ADDRESS : 712 CAMINO REAL
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,807.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,103.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 73.58900
----------------------------------------------------------------
0 0031028673 MORTGAGORS: CUNANAN RAYMOND
CUNANAN DIANE
REGION CODE ADDRESS : 22299 MONTERA DRIVE
01 CITY : SALINAS
STATE/ZIP : CA 93908
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031029176 MORTGAGORS: DRAPKIN ANDREW
REGION CODE ADDRESS : 15002 GRANITE SHOALS COURT
01 CITY : HOUSTON
STATE/ZIP : TX 79999
MORTGAGE AMOUNT : 323,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,891.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,376.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.98300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,650,400.00
P & I AMT: 12,028.03
UPB AMT: 1,647,484.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 161
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031029242 MORTGAGORS: HELTON CHARLES
HELTON SANDRA
REGION CODE ADDRESS : 6059 VIA NARANJO
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,005.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031029390 MORTGAGORS: MOORHEAD TERRY
MOORHEAD BRENDA
REGION CODE ADDRESS : 4532 E. DUANE LANE
01 CITY : CAVE CREEK
STATE/ZIP : AZ 85331
MORTGAGE AMOUNT : 228,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031029408 MORTGAGORS: SEDLAR JOHN
REGION CODE ADDRESS : 3504 PERIWINKLE CT
01 CITY : BEDFORD
STATE/ZIP : TX 76021
MORTGAGE AMOUNT : 109,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 109,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 766.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031029515 MORTGAGORS: TSCHAPPAT LINDA
VOTTO LEROY
REGION CODE ADDRESS : 1816-1818 DELAWARE STREET
01 CITY : BERKLEY
STATE/ZIP : CA 94703
MORTGAGE AMOUNT : 291,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.27500
----------------------------------------------------------------
0 0031029655 MORTGAGORS: CHAPMAN JOHN
GAREN SALLY
REGION CODE ADDRESS : 1625 EVERS DRIVE
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,639.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.00 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: 1,121,100.00
P & I AMT: 7,872.33
UPB AMT: 1,120,545.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 162
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031029804 MORTGAGORS: EMMER NEIL
EMMER JOAN
REGION CODE ADDRESS : 13 BRADFORD ROAD
01 CITY : EDISON
STATE/ZIP : NJ 08820
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.43200
----------------------------------------------------------------
0 0031029820 MORTGAGORS: LA BARRE S.
LA BARRE CHERYL
REGION CODE ADDRESS : 30 VIA DI NOLA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 320,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,384.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,352.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.94600
----------------------------------------------------------------
0 0031029838 MORTGAGORS: PALMHEDE CHRISTIAN
CALABY CECELIA
REGION CODE ADDRESS : 9307 MILROY PLACE
01 CITY : BETHESDA
STATE/ZIP : MD 20814
MORTGAGE AMOUNT : 217,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,981.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,484.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031030034 MORTGAGORS: MAKRIS-GOUVAS MARIA
REGION CODE ADDRESS : 3612 TAYLOR STREET
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,582.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031030273 MORTGAGORS: RAO MOHAN
HARIKAR GIRIJA
REGION CODE ADDRESS : 6614 WHITE POST ROAD
01 CITY : CENTREVILLE
STATE/ZIP : VA 20121
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,803.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,262,200.00
P & I AMT: 8,790.04
UPB AMT: 1,260,752.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 163
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031030281 MORTGAGORS: PICKERING PAUL
PICKERING TAMARA
REGION CODE ADDRESS : 12715 N 114TH STREET
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 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 : 74.68400
----------------------------------------------------------------
0 0031030661 MORTGAGORS: DISTER WILLIAM
MASON CANDACE
REGION CODE ADDRESS : 1506 BORDEAUX PLACE
01 CITY : NORFOLK
STATE/ZIP : VA 23509
MORTGAGE AMOUNT : 221,420.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,251.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,529.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031030711 MORTGAGORS: LERMAN AMIR
LERMAN LILACH
REGION CODE ADDRESS : 919 23RD AVE. SW
01 CITY : ROCHESTER
STATE/ZIP : MN 55902
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,790.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.94100
----------------------------------------------------------------
0 0031030828 MORTGAGORS: ARNOLD DAVID
ARNOLD LAURA
REGION CODE ADDRESS : 6612 SMITHS TRACE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,789.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.05200
----------------------------------------------------------------
0 0031030836 MORTGAGORS: BAPTISTA ANTONIO
BAPTISTA IZILDINHA
REGION CODE ADDRESS : 16375 NW GRAF STREET
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 247,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,456.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,310,070.00
P & I AMT: 9,080.54
UPB AMT: 1,309,288.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 164
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031031081 MORTGAGORS: LU JOSEPH
LU JEAN
REGION CODE ADDRESS : 1028 ROCKPORT AVENUE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.45900
----------------------------------------------------------------
0 0031031123 MORTGAGORS: SHIEH JAMES
SHIEH KAY
REGION CODE ADDRESS : 1845 DEL RIO DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 242,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,637.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031031198 MORTGAGORS: KATZ PATRICIA
REGION CODE ADDRESS : 116 ALMENAR DRIVE
01 CITY : GREENBRAE
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,821.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031031271 MORTGAGORS: NICHOLLS CHARLES
NICHOLLS CYNTHIA
REGION CODE ADDRESS : 12270 EDENWILDE DRIVE
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031031560 MORTGAGORS: BELL-MOUDRY MARY
MOUDRY EDWARD
REGION CODE ADDRESS : 962 PENINSULA DRIVE
01 CITY : LAKE ALMANOR
STATE/ZIP : CA 96137
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,817.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,298,800.00
P & I AMT: 9,377.84
UPB AMT: 1,298,064.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 165
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031031636 MORTGAGORS: ESKENAZI SAM
KAY CAROL
REGION CODE ADDRESS : 21438 CHAGALL ROAD
01 CITY : TOPANGA
STATE/ZIP : CA 90290
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.94300
----------------------------------------------------------------
0 0031031644 MORTGAGORS: HUTCHINSON THOMAS
HUTCHINSON LISA
REGION CODE ADDRESS : 1312 WALNUT AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,724.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,794.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.02600
----------------------------------------------------------------
0 0031031651 MORTGAGORS: WEINFELD KALMAN
REGION CODE ADDRESS : 268 MOORE STREET
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,777.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031031677 MORTGAGORS: LADDUSAW DAVID
LADDUSAW LINDA
REGION CODE ADDRESS : 3 ROCKY POINT
01 CITY : DOVE CANYON
STATE/ZIP : CA 92679
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031031818 MORTGAGORS: STATEN KEVIN
STATEN ILENE
REGION CODE ADDRESS : 3445 EASTWIND DRIVE
01 CITY : ANCHORAGE
STATE/ZIP : AK 99516
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,848.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 51.72400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,492,000.00
P & I AMT: 10,706.74
UPB AMT: 1,491,156.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 166
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031032006 MORTGAGORS: LIZARRAGE MICHAEL
LIZARRAGE ONEIDA
REGION CODE ADDRESS : 1023 FOUNTAIN SPRINGS LANE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 323,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,977.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,343.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031032014 MORTGAGORS: GUPTA RAJIV
GUPTA NISHA
REGION CODE ADDRESS : 2554 SARATOGA DRIVE
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,776.33 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 : 68.42100
----------------------------------------------------------------
0 0031032063 MORTGAGORS: AMBUS TONI
REGION CODE ADDRESS : 1060 CRESTVIEW DRIVE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 240,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,330.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031032071 MORTGAGORS: MIGAS JOSEPH
MIGAS PORTIA
REGION CODE ADDRESS : 3105 OLIVER STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20015
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,711.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031032113 MORTGAGORS: FOSTER LAWRENCE
FOSTER SHEILA
REGION CODE ADDRESS : 11679 GILMAN LANE
01 CITY : HERNDON
STATE/ZIP : VA 20170
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,392.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,524,300.00
P & I AMT: 10,758.80
UPB AMT: 1,523,188.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 167
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031032139 MORTGAGORS: LAMAESTRA GERARD
LAMAESTRA DIANA
REGION CODE ADDRESS : 119 EAGLE LANE
01 CITY : KNIGHTSEN
STATE/ZIP : CA 94548
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 50.47600
----------------------------------------------------------------
0 0031032147 MORTGAGORS: MOYER JAMES
MOYER RUTH
REGION CODE ADDRESS : 99 NORTH FOXHILL ROAD
01 CITY : NORTH SALT LAKE
STATE/ZIP : UT 84054
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031032220 MORTGAGORS: WICKLUND ROY
WICKLUND VALERIE
REGION CODE ADDRESS : 1245 PANORAMA COURT SOUTHEAST
01 CITY : SALEM
STATE/ZIP : OR 97302
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 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 0031032477 MORTGAGORS: PAGE LOUIS
PAGE AYNUR
REGION CODE ADDRESS : 27083 LITTLEFIELD DRIVE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 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 0031032493 MORTGAGORS: SMITH DAVID
SMITH LAURIE
REGION CODE ADDRESS : 10603 GLASS MOUNTAIN TRAIL
01 CITY : AUSTIN
STATE/ZIP : TX 78750
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,606.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.22200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,434,000.00
P & I AMT: 10,348.71
UPB AMT: 1,433,206.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 168
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031032717 MORTGAGORS: COHN BRADFORD
COHN CHERYL
REGION CODE ADDRESS : 15 VIA DEL ARROYO
01 CITY : NAPA
STATE/ZIP : CA 94559
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,732.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,813.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031032733 MORTGAGORS: KIM PETER
KIM YOON
REGION CODE ADDRESS : 1591 SERAFIX ROAD
01 CITY : ALAMO
STATE/ZIP : CA 94507
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 : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.29900
----------------------------------------------------------------
0 0031032782 MORTGAGORS: CHEN RICARDO
SUN ANGELA
REGION CODE ADDRESS : 16321 FIELDCREST COURT
01 CITY : LA MIRADA
STATE/ZIP : CA 90638
MORTGAGE AMOUNT : 220,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,686.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,544.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031032816 MORTGAGORS: CLUBB MARY
REGION CODE ADDRESS : 45 GRAND VIEW AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 482,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 481,684.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,578.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.53700
----------------------------------------------------------------
0 0031032832 MORTGAGORS: CROCKETT MICHAEL
BORAGNO CARLA
REGION CODE ADDRESS : 1431 CEDAR STREET
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,710.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.76600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,990,850.00
P & I AMT: 14,220.88
UPB AMT: 1,989,433.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 169
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031032881 MORTGAGORS: POFCHER RICHARD
REGION CODE ADDRESS : 2687 GREENFIELD AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,350.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031033160 MORTGAGORS: CHANG HAI
LY PHUNG
REGION CODE ADDRESS : 3304 MONTECITO DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 284,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,204.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031033202 MORTGAGORS: BRADLEY DONALD
BRADLEY MARIANNE
REGION CODE ADDRESS : 1767 SPUMANTE PLACE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
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 : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.32600
----------------------------------------------------------------
0 0031033210 MORTGAGORS: STONE JEFFREY
STONE SUEANN
REGION CODE ADDRESS : 515 OAK PARK WAY
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,314.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 39.58300
----------------------------------------------------------------
0 0031033228 MORTGAGORS: DIVINE DAVID
DIVINE ALAINA
REGION CODE ADDRESS : 12565 DOUGLAS ROAD
01 CITY : RANCHO CORDOVA
STATE/ZIP : CA 95742
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,748.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,203.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 46.81100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,742,400.00
P & I AMT: 12,278.15
UPB AMT: 1,741,122.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 170
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031033244 MORTGAGORS: HANSEN WARREN
LANE ALISON
REGION CODE ADDRESS : 374 BOLERO DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,749.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,363.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031033285 MORTGAGORS: YURE DENNIS
YURE ANNE
REGION CODE ADDRESS : 1739 SANDCROFT STREET
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 358,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,303.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,599.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.67700
----------------------------------------------------------------
0 0031033293 MORTGAGORS: ROMAN WILLIAM
REGION CODE ADDRESS : 1114 MANOR DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.98800
----------------------------------------------------------------
0 0031033301 MORTGAGORS: KUSAKA LANNY
KUSAKA KAREN
REGION CODE ADDRESS : 20518 VACCARO AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,827.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.80700
----------------------------------------------------------------
0 0031033319 MORTGAGORS: ROBINSON MICHAEL
ROBINSON E
REGION CODE ADDRESS : 40647 CANYON HEIGHTS DR.
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,706.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,326.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,622,550.00
P & I AMT: 11,714.20
UPB AMT: 1,621,421.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 171
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031033335 MORTGAGORS: WEINBERG DAVID
SLAVITT-WEINBERG HOPE
REGION CODE ADDRESS : 27911 VICENZA COURT
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,696.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031033343 MORTGAGORS: DEMONEY MICHAEL
DEMONEY ANITRA
REGION CODE ADDRESS : 112 ADRIAN PLACE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,733.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,333.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.46100
----------------------------------------------------------------
0 0031033350 MORTGAGORS: PLAUT EUGENE
ZEIFMAN SUE
REGION CODE ADDRESS : 114 OAK SHADE LANE
01 CITY : NOVATO
STATE/ZIP : CA 94945
MORTGAGE AMOUNT : 469,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,651.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,279.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031033368 MORTGAGORS: PINZ BRIAN
REGION CODE ADDRESS : 2728 BAYSIDE WALK
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,986.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,008.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031033384 MORTGAGORS: SAVAGE GUY
SAVAGE KRISTIN
REGION CODE ADDRESS : 2833 GRAND AVENUE
01 CITY : LOS OLIVOS
STATE/ZIP : CA 93441
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,552.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.23 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: 1,642,200.00
P & I AMT: 11,564.90
UPB AMT: 1,640,620.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 172
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031033400 MORTGAGORS: RHOADES CURTIS
RHOADES NANCY
REGION CODE ADDRESS : 19411 SURF DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,811.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031033475 MORTGAGORS: TILLEM MELVIN
REGION CODE ADDRESS : 290 BURDETTE ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 499,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,181.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,752.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 86.12000
----------------------------------------------------------------
0 0031033525 MORTGAGORS: DANG ALAN
DANG THU
REGION CODE ADDRESS : 34000 WEBFOOT LOOP
01 CITY : FREMONT
STATE/ZIP : CA 94555
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.84600
----------------------------------------------------------------
0 0031033533 MORTGAGORS: CHU SAMMY
CHU FLORA
REGION CODE ADDRESS : 805 CANADA DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 303,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,546.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031033616 MORTGAGORS: MAJD KAVEH
MAJD PAMELA
REGION CODE ADDRESS : 10 AGIA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 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 : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,607,250.00
P & I AMT: 11,718.93
UPB AMT: 1,606,370.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 173
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031033715 MORTGAGORS: SUNDBY RAY
SUNDBY VALORIE
REGION CODE ADDRESS : 2040 SUMMITVIEW DRIVE
01 CITY : LONGMONT
STATE/ZIP : CO 80502
MORTGAGE AMOUNT : 265,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031033814 MORTGAGORS: KLINGENSMITH DAVID
KLINGENSMITH CAROLE
REGION CODE ADDRESS : 11813 OLD EUREKA WAY
01 CITY : GOLD RIVER
STATE/ZIP : CA 95670
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,797.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,301.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.08000
----------------------------------------------------------------
0 0031033848 MORTGAGORS: HELVEY MARK
HELVEY JANET
REGION CODE ADDRESS : 544 CHAPMAN DRIVE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 470,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,059.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,329.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.72881
----------------------------------------------------------------
0 0031033905 MORTGAGORS: AALBU JARL
AALBU SHARRON
REGION CODE ADDRESS : 990 GLADE GULCH ROAD
01 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.73600
----------------------------------------------------------------
0 0031034101 MORTGAGORS: ENGELHARDT DAVID
ENGELHARDT HELEN
REGION CODE ADDRESS : 2346 EUCLID AVENUE
01 CITY : UPLAND
STATE/ZIP : CA 91784
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,798.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,191.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 84.94300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,610,250.00
P & I AMT: 11,765.74
UPB AMT: 1,609,505.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 174
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031034531 MORTGAGORS: SHUFLIN LOU
REGION CODE ADDRESS : 10403 FINCHLEY DRIVE
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93311
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,267.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031034564 MORTGAGORS: LEE EUNSUNG
LEE IN SOOK
REGION CODE ADDRESS : 530 OAK BRIDGE TRAIL
01 CITY : ALPHARETTA
STATE/ZIP : GA 30202
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.64900
----------------------------------------------------------------
0 0031034770 MORTGAGORS: GORDON MARTIN
GORDON VIVIANE
REGION CODE ADDRESS : 20 FRIAR TUCK LANE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,565.74 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 : 61.53846
----------------------------------------------------------------
0 0031034911 MORTGAGORS: BIESIADA ARTHUR
BIESIADA LISA
REGION CODE ADDRESS : 1473 NORTH PORTSMOUTH CIRCLE
01 CITY : ORANGE
STATE/ZIP : CA 92869
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.94900
----------------------------------------------------------------
0 0031035090 MORTGAGORS: LORENAT MICHAEL
HALE NANCY
REGION CODE ADDRESS : 1121 THOMPSON AVENUE
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,767.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,643.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,843,500.00
P & I AMT: 13,251.58
UPB AMT: 1,842,207.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 175
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031035108 MORTGAGORS: DHANENS STEPHEN
DHANENS AILEEN
REGION CODE ADDRESS : 1165 SOLANA DRIVE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,800.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.35897
----------------------------------------------------------------
0 0031035116 MORTGAGORS: FURKA JOHN
FURKA JEANETTE
REGION CODE ADDRESS : 45565 BRIDGEPORT DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 407,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,712.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,915.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.57265
----------------------------------------------------------------
0 0031035124 MORTGAGORS: GOLDUBER IGOR
GOLDUBER YELENA
REGION CODE ADDRESS : 170 DANEFIELD PLACE
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,666.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031035264 MORTGAGORS: MALONE JAMES
MALONE PAULA
REGION CODE ADDRESS : 369 BLACKWELL DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 352,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,251.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,525.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.99220
----------------------------------------------------------------
0 0031035462 MORTGAGORS: VERCELLINO CAROLE
VERCELLINO GARY
REGION CODE ADDRESS : 1169 BLAIR AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.58 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: 1,762,000.00
P & I AMT: 12,570.90
UPB AMT: 1,760,930.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 176
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031035603 MORTGAGORS: THOMPSON PATRICIA
GARNER MICHAEL
REGION CODE ADDRESS : 18210 WAVERLY DRIVE
01 CITY : SNOHOMISH
STATE/ZIP : WA 98296
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.11800
----------------------------------------------------------------
0 0031035645 MORTGAGORS: WILLIAMS JACK
WILLIAMS TAMMY
REGION CODE ADDRESS : 390 OAK RIDGE DRIVE
01 CITY : FAIRVIEW
STATE/ZIP : TX 75069
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,781.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,298.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.27100
----------------------------------------------------------------
0 0031035777 MORTGAGORS: CANSLER ROYCE
CANSLER LAURA
REGION CODE ADDRESS : 34822 CALLE FORTUNA
01 CITY : DANA POINT
STATE/ZIP : CA 92624
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,838.96 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 : 76.72100
----------------------------------------------------------------
0 0031035868 MORTGAGORS: SULLIVAN PATRICK
SULLIVAN CHRISTINE
REGION CODE ADDRESS : 319 WALNUT STREET
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,763.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,582.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031035900 MORTGAGORS: KLINGER ALLEN
KLINGER DOROTHY
REGION CODE ADDRESS : 12515 ROSY CIRCLE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,808.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.65 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: 1,447,000.00
P & I AMT: 10,498.84
UPB AMT: 1,446,192.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 177
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031036213 MORTGAGORS: JACOT GREGREY
JACOT CONSTANCE
REGION CODE ADDRESS : 23040 SW CONIFER DR
01 CITY : SHERWOOD
STATE/ZIP : OR 97140
MORTGAGE AMOUNT : 250,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,130.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 68.63000
----------------------------------------------------------------
0 0031036353 MORTGAGORS: BROWN JOHN
BROWN ROBIN
REGION CODE ADDRESS : 425 SHADY LAKE PLACE WEST
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
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 : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
0 0031036676 MORTGAGORS: HOUCK BELINDA
HOUCK TROY
REGION CODE ADDRESS : 14917 OAKS NORTH DRIVE
01 CITY : ADDISON
STATE/ZIP : TX 75240
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,000.00 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 : 80.00000
----------------------------------------------------------------
0 0031037294 MORTGAGORS: CARTER FRED
CARTER LAURIE
REGION CODE ADDRESS : 3302 CYPRESS LANDING DRIVE
01 CITY : VALRICO
STATE/ZIP : FL 33594
MORTGAGE AMOUNT : 284,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,854.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0031037336 MORTGAGORS: COSTA JOHN
COSTA DENISE
REGION CODE ADDRESS : 1611 NW PROMONTORY DRIVE
01 CITY : BEND
STATE/ZIP : OR 97701
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,238,550.00
P & I AMT: 8,823.59
UPB AMT: 1,237,811.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 178
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031037393 MORTGAGORS: AMMENTORP TIMOTHY
AMMENTORP SANDRA
REGION CODE ADDRESS : 4406 W. 238TH ST
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 309,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,287.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.35800
----------------------------------------------------------------
0 0031037427 MORTGAGORS: DAVIES MICHAEL
DAVIES DARLA
REGION CODE ADDRESS : 22904 LAKE ROAD
01 CITY : BAY VILLAGE
STATE/ZIP : OH 44140
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,132.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.14200
----------------------------------------------------------------
0 0031037435 MORTGAGORS: COONEY JOHN
COONEY G
REGION CODE ADDRESS : 2015 JEANIE LANE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 282,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,315.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 73.37600
----------------------------------------------------------------
0 0031037609 MORTGAGORS: COPE ROBERT
COPE LISA
REGION CODE ADDRESS : 4475 STARWOOD COURT
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 532,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 531,633.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,857.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031037617 MORTGAGORS: KAPLAN KEVIN
KAPLAN ROBIN
REGION CODE ADDRESS : 558 GRUMAN COURT
01 CITY : RIVER VALE
STATE/ZIP : NJ 07675
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 60.78400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,739,000.00
P & I AMT: 12,660.55
UPB AMT: 1,738,236.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 179
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031037666 MORTGAGORS: ADLER JOSHUA
ADLER YOSHIKO
REGION CODE ADDRESS : 388 RIVIERA DR
01 CITY : SAN RAPHAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,662.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,066.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031037815 MORTGAGORS: BROWN ERIC
BROWN CATHERINE
REGION CODE ADDRESS : 1427 QUAIL COURT
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 343,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,257.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,460.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031037831 MORTGAGORS: BICKNELL STEPHEN
BICKNELL TERRI
REGION CODE ADDRESS : 1508 WOODSON COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,820.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.92200
----------------------------------------------------------------
0 0031037864 MORTGAGORS: CHEN PETER
CHEN MING
REGION CODE ADDRESS : 19253 SHUBERT DR
01 CITY : SARATOGA
STATE/ZIP : CA 95070
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031037872 MORTGAGORS: AMON WILLIAM
AMON KRISTINE
REGION CODE ADDRESS : 4 TOLUCA ESTATES DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91602
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,574.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,826.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 52.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,127,500.00
P & I AMT: 15,255.34
UPB AMT: 2,125,998.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 180
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031038276 MORTGAGORS: ETHERINGTON MARTYN
ETHERINGTON LINDSEY
REGION CODE ADDRESS : 15559 SW GARDNER COURT
01 CITY : PORTLAND
STATE/ZIP : OR 97224
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,820.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.31600
----------------------------------------------------------------
0 0031038284 MORTGAGORS: HALSBAND EMILY
REGION CODE ADDRESS : 14161 LAKE POINTE DR
01 CITY : CLIVE
STATE/ZIP : IA 50325
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031038300 MORTGAGORS: WROBLESKI THOMAS
WROBLESKI EILEEN
REGION CODE ADDRESS : 32345 REDWOOD BLVD
01 CITY : AVON LAKE
STATE/ZIP : OH 44012
MORTGAGE AMOUNT : 266,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,957.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,883.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.14492
----------------------------------------------------------------
0 0031038326 MORTGAGORS: ILLING DAVID
REGION CODE ADDRESS : 8311 NW REED DR
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,827.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031038334 MORTGAGORS: ALLEGRA JOHN
ALLEGRA DIANE
REGION CODE ADDRESS : 5268 WEST MELINDA LANE
01 CITY : GLENDALE
STATE/ZIP : AZ 85308
MORTGAGE AMOUNT : 227,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,147.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.37900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,284,450.00
P & I AMT: 9,193.30
UPB AMT: 1,283,541.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 181
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031038367 MORTGAGORS: JONES CHARLES
JONES WENDY
REGION CODE ADDRESS : 196 ALDEN STREET
01 CITY : DUXBURY
STATE/ZIP : MA 02332
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,807.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
0 0031038375 MORTGAGORS: SPRINGER JOSEPH
SPRINGER PATRICIA
REGION CODE ADDRESS : 3784 SWEETBRIAR
01 CITY : CHARLEVOIX
STATE/ZIP : MI 49720
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031038383 MORTGAGORS: EGAN MICHAEL
EGAN JULIE
REGION CODE ADDRESS : 13029 CATALINA ST
01 CITY : LEAWOOD
STATE/ZIP : KS 66209
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.20400
----------------------------------------------------------------
0 0031038425 MORTGAGORS: FRIEDMAN MURRAY
FRIEDMAN EILEEN
REGION CODE ADDRESS : 130 CENTRAL AVENUE
01 CITY : LAWRENCE
STATE/ZIP : NY 11559
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,261.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031038441 MORTGAGORS: BURNS RICHARD
BURNS HENNI
REGION CODE ADDRESS : 11407 OAKHURST ROAD
01 CITY : LOUISVILLE
STATE/ZIP : KY 40245
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.80700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,458,600.00
P & I AMT: 10,425.45
UPB AMT: 1,457,565.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 182
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031038458 MORTGAGORS: EPPLEY BARRY
EPPLEY ANNETTE
REGION CODE ADDRESS : 6743 WHITE OAK DRIVE
01 CITY : DANVILLE
STATE/ZIP : IN 46122
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031038987 MORTGAGORS: KASPEROWICZ MARK
KASPEROWICZ LAURA
REGION CODE ADDRESS : 15322 TOURAINE WAY
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,275.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,197.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031039134 MORTGAGORS: TORRES JESUS
SERNA CECILIA
REGION CODE ADDRESS : 2285 SLOAN DRIVE
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,843.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031039142 MORTGAGORS: NELSON MARK
NELSON DELIA
REGION CODE ADDRESS : 28731 SHIRE OAKS DR
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,690.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,029.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031039183 MORTGAGORS: JORDAN LEO
JORDAN TAMERA
REGION CODE ADDRESS : 4703 HALE AVENUE
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 178,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 178,676.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,296.43 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: 1,445,300.00
P & I AMT: 10,351.86
UPB AMT: 1,444,279.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 183
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031039464 MORTGAGORS: WASHBURN PAUL
WASHBURN BARBARA
REGION CODE ADDRESS : 8117 CROYDON AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.71500
----------------------------------------------------------------
0 0031039878 MORTGAGORS: MONTGOMERY WILLIAM
REGION CODE ADDRESS : 8142 CENTERSTONE DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,819.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031039902 MORTGAGORS: BROWN DELEASE
TAYLOR ALAN
REGION CODE ADDRESS : 630 LOYOLA AVENUE
01 CITY : CARSON
STATE/ZIP : CA 90746
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.28500
----------------------------------------------------------------
0 0031040082 MORTGAGORS: WOJTCZAK HENRY
WOJTCZAK ANN
REGION CODE ADDRESS : 14343 TRAILWIND ROAD
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,190.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031040140 MORTGAGORS: MORGAN H
MORGAN PAULA
REGION CODE ADDRESS : 23484 THORNEWOOD DRIVE
01 CITY : NEWHALL
STATE/ZIP : CA 91321
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 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 : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,533,000.00
P & I AMT: 11,136.07
UPB AMT: 1,532,651.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 184
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031040330 MORTGAGORS: CHEN SIMON
CHEN TSAI-HWIE
REGION CODE ADDRESS : 1259 BALBOA COURT
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 394,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,514.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,794.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.39200
----------------------------------------------------------------
0 0031040413 MORTGAGORS: VERMA ADITYA
VERMA POONAM
REGION CODE ADDRESS : 14008 FONTANA
01 CITY : LEAWOOD
STATE/ZIP : KS 66224
MORTGAGE AMOUNT : 331,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,966.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,372.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.98800
----------------------------------------------------------------
0 0031040447 MORTGAGORS: ROSENBURG KENNETH
LEHRMAN GAIL
REGION CODE ADDRESS : 2130 NE KNOTT ST
01 CITY : PORTLAND
STATE/ZIP : OR 97212
MORTGAGE AMOUNT : 364,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,242.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,611.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031040470 MORTGAGORS: WINTER THEODORE
TALLEY BRENDA
REGION CODE ADDRESS : 5713 BARBMOR COURT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22310
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,754.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031040496 MORTGAGORS: FEERY JEROME
FEERY DIANE
REGION CODE ADDRESS : 9308 AUGUSTA AVE NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87111
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,813.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.87900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,647,500.00
P & I AMT: 11,593.39
UPB AMT: 1,646,291.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 185
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031040504 MORTGAGORS: LACASSE WALTER
REGION CODE ADDRESS : 3200 HAZELWOOD WEST
01 CITY : MINNETONKA
STATE/ZIP : MN 55391
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,343.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.80900
----------------------------------------------------------------
0 0031040520 MORTGAGORS: COOPER JOHN
COOPER PATRICIA
REGION CODE ADDRESS : 6506 TURNBRIDGE PLACE
01 CITY : PROSPECT
STATE/ZIP : KY 40059
MORTGAGE AMOUNT : 399,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,739.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,962.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.80700
----------------------------------------------------------------
0 0031040546 MORTGAGORS: RAMIREZ JULIO
RAMIREZ MIRTA
REGION CODE ADDRESS : 2805 AVENUE OF THE WOODS
01 CITY : LOUISVILLE
STATE/ZIP : KY 40241
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0031040579 MORTGAGORS: DICKER IAN
DICKER CAROL
REGION CODE ADDRESS : 74 SURREY LANE
01 CITY : SUDBURY
STATE/ZIP : MA 01776
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.45900
----------------------------------------------------------------
0 0031040587 MORTGAGORS: FLIES RAYMUND
FLIES ELLEN
REGION CODE ADDRESS : 4140 DALLAS LANE N.
01 CITY : PLYMOUTH
STATE/ZIP : MN 55446
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,780.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.83400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,460,500.00
P & I AMT: 10,517.95
UPB AMT: 1,459,478.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 186
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031040637 MORTGAGORS: DUMONT DAVID
TURNER-DUMONT JILL
REGION CODE ADDRESS : 1194 TANAGER DRIVE
01 CITY : MILLERSVILLE
STATE/ZIP : MD 21108
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,349.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,584.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031040702 MORTGAGORS: COX GERALD
ALBERTS SHARON
REGION CODE ADDRESS : 428 BUENA TIERRA COURT
01 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 254,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,629.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031040710 MORTGAGORS: BHANDAL INDER
BHANDAL CHARANJIT
REGION CODE ADDRESS : 11236 PALOS VERDES COURT
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,738.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,755.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.95700
----------------------------------------------------------------
0 0031040736 MORTGAGORS: EYAL CHAIM
EYAL CHANNA
REGION CODE ADDRESS : 1393 HALIBUT STREET
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,764.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.86500
----------------------------------------------------------------
0 0031040751 MORTGAGORS: HUSBY RICHARD
HUSBY DEBORAH
REGION CODE ADDRESS : 1043 DEL RIO WAY
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,787.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.11100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,480,300.00
P & I AMT: 10,675.83
UPB AMT: 1,479,269.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 187
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031040777 MORTGAGORS: DAVIS HOWARD
DAVIS PATRICIA
REGION CODE ADDRESS : 3249 WINDING VISTA COMMON
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 571,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 570,576.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,992.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
0 0031040801 MORTGAGORS: GREGORIO TERI
GREGORIO CHRISTOPHER
REGION CODE ADDRESS : 34 TAFT COURT
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031040827 MORTGAGORS: DRENAN MICHAEL
DRENAN THERESA
REGION CODE ADDRESS : 16376 AVENIDA SUAVIDAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.78900
----------------------------------------------------------------
0 0031041023 MORTGAGORS: COMBER JAMES
COMBER TERESA
REGION CODE ADDRESS : 2104 GRAND VIEW AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 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 : 52.00000
----------------------------------------------------------------
0 0031041031 MORTGAGORS: MOOTHART KYLE
MURPHY KATHERINE
REGION CODE ADDRESS : 542 FAIRBANKS AVENUE
01 CITY : OAKLAND
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,500.00 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 : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,631,500.00
P & I AMT: 11,632.12
UPB AMT: 1,630,867.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 188
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031041098 MORTGAGORS: BORRMAN LEONARD
BORRMAN GRACE
REGION CODE ADDRESS : 27 RECODO
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,758.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.58139
----------------------------------------------------------------
0 0031041106 MORTGAGORS: WINTER TERRY
VERGNE SUSAN
REGION CODE ADDRESS : 5906 WEDGEWOOD DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,661.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,438.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041114 MORTGAGORS: WONG ALAN
WONG JULIE
REGION CODE ADDRESS : 1395 MIRAVALLE AVE.
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,731.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,827.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 35.45454
----------------------------------------------------------------
0 0031041130 MORTGAGORS: CUMMINS JEFFREY
CUMMINS KATHLEEN
REGION CODE ADDRESS : 1427 AVENIDA LA POSTA
01 CITY : ENCINATAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 223,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,946.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,617.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99596
----------------------------------------------------------------
0 0031041197 MORTGAGORS: AZIZ NASEEM
VILLALOVOS-AZIZ TERESA
REGION CODE ADDRESS : 6275 COVINGTON WAY
01 CITY : GOLETA
STATE/ZIP : CA 93117
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,663.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,650,100.00
P & I AMT: 11,798.72
UPB AMT: 1,648,761.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 189
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031041205 MORTGAGORS: IRIARTE CARLOS
MARTINEZ MARTHA
REGION CODE ADDRESS : 12451 WEMBLY RD
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,816.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.04700
----------------------------------------------------------------
0 0031041262 MORTGAGORS: MARTIN ROBERT
MARTIN JENNIFER
REGION CODE ADDRESS : 350 VIA LARGO
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.51200
----------------------------------------------------------------
0 0031041288 MORTGAGORS: JENSEN KIRK
JENSEN KRISTEN
REGION CODE ADDRESS : 14 LOS DEDOS
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 491,669.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,610.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041296 MORTGAGORS: DAVIS MARK
DAVIS KRISTINE
REGION CODE ADDRESS : 168 LAS QUEBRADAS LANE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,733.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,383.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041304 MORTGAGORS: DRUGGE DARRELL
REGION CODE ADDRESS : 1041 SUMMIT LAKE CIRCLE NW
01 CITY : OLYMPIA
STATE/ZIP : WA 98502
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,313.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,738,500.00
P & I AMT: 12,750.18
UPB AMT: 1,737,329.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 190
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031041338 MORTGAGORS: HOFFMAN IRWIN
HOFFMAN TERRY
REGION CODE ADDRESS : 1425 EL CERRITO DRIVE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 277,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,035.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 77.11100
----------------------------------------------------------------
0 0031041460 MORTGAGORS: BLONSTON GARY
GOLDBERG SUSAN
REGION CODE ADDRESS : 7801 EXETER ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20814
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.75000
----------------------------------------------------------------
0 0031042096 MORTGAGORS: KRYZAN CHRISTOPHER
REGION CODE ADDRESS : 5 INVERNESS DR
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,689.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,152.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031042112 MORTGAGORS: LEHTI PATRICK
LEHTI GLORIA
REGION CODE ADDRESS : 26450 SE RUGG ROAD
01 CITY : GRESHAM
STATE/ZIP : OR 97080
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,685.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,434.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031042211 MORTGAGORS: MATEER STEPHEN
MATEER ERICA
REGION CODE ADDRESS : 10412 N. OAK CIRCLE
01 CITY : HIGHLAND
STATE/ZIP : UT 84003
MORTGAGE AMOUNT : 457,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 457,222.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,517.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,938,100.00
P & I AMT: 14,277.96
UPB AMT: 1,937,198.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 191
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031042252 MORTGAGORS: JORDON MICHAEL
LEYCO LAN
REGION CODE ADDRESS : 8433 WILLOWLEAF COURT
01 CITY : LAS VEGAS
STATE/ZIP : NV 89128
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,293.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031042260 MORTGAGORS: KAZAKOFF RICHARD
MURPHY GAIL
REGION CODE ADDRESS : 6 PARKRIDGE CT
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 298,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,189.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,137.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031042294 MORTGAGORS: HEYWOOD GREGORY
KWAN KRISTEN
REGION CODE ADDRESS : 21 CHATSWORTH COURT
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,035.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031042468 MORTGAGORS: DETHOMAS GARY
DETHOMAS BELINDA
REGION CODE ADDRESS : 300 CARDIFF DRIVE
01 CITY : ALGONQUIN
STATE/ZIP : IL 60102
MORTGAGE AMOUNT : 271,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,117.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.74700
----------------------------------------------------------------
0 0031042476 MORTGAGORS: AMOS VIVIEN
REGION CODE ADDRESS : 7485 BRIDGEGATE COURT
01 CITY : DUNWOODY
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,781.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,213.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.26900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,452,000.00
P & I AMT: 10,473.69
UPB AMT: 1,451,182.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 192
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031042658 MORTGAGORS: WILSON DAVID
WILSON MIMI
REGION CODE ADDRESS : 3664 MONTROSE PLACE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 342,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,964.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,481.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.99500
----------------------------------------------------------------
0 0031042682 MORTGAGORS: FRANZEN JAMES
FRANZEN KATHLEEN
REGION CODE ADDRESS : 576 VIA MARQUESA
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 278,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,032.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99000
----------------------------------------------------------------
0 0031042732 MORTGAGORS: WARNER MARK
WARNER SHANNON
REGION CODE ADDRESS : 27537 WOODFIELD PLACE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 241,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,966.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,665.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99813
----------------------------------------------------------------
0 0031042757 MORTGAGORS: GORDON ROBERT
GORDON FLORENCE
REGION CODE ADDRESS : 2348 OLD RANCH ROAD
01 CITY : ESCONDIDO
STATE/ZIP : CA 92027
MORTGAGE AMOUNT : 250,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,536.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99810
----------------------------------------------------------------
0 0031042781 MORTGAGORS: KAHN DOUGLAS
KAHN CAROL
REGION CODE ADDRESS : 729 MARLIN DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,563.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,769.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,762,300.00
P & I AMT: 12,675.84
UPB AMT: 1,761,063.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 193
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031042799 MORTGAGORS: FINLEY CASEY
FINLEY JOAN
REGION CODE ADDRESS : 2393 OLD RANCH ROAD
01 CITY : ESCONDIDO
STATE/ZIP : CA 92027
MORTGAGE AMOUNT : 233,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,585.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0031042807 MORTGAGORS: SIMMONS E.
SIMMONS CHERYL
REGION CODE ADDRESS : 1642 PASEO CASTILLO
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,008.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.99600
----------------------------------------------------------------
0 0031042914 MORTGAGORS: WRIGHT DEAN
WRIGHT RACHEL
REGION CODE ADDRESS : 9760 ROLLING ROCK COURT
01 CITY : RENO
STATE/ZIP : NV 89511
MORTGAGE AMOUNT : 221,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,751.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,628.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.97900
----------------------------------------------------------------
0 0031042955 MORTGAGORS: GINN MICHAEL
GINN LAURA
REGION CODE ADDRESS : 30971 MARBELLA VISTA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 645,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 644,578.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,789.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031043045 MORTGAGORS: TRAN KHANH
REGION CODE ADDRESS : 1 LAUREL LANE
01 CITY : NEWTOWN TWP.
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,322.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,057.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,772,000.00
P & I AMT: 12,802.83
UPB AMT: 1,770,245.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 194
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031043060 MORTGAGORS: DEREWETZKY MARC
KAWAR JENNIFER
REGION CODE ADDRESS : 945 ARLINGTON AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,755.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031043193 MORTGAGORS: EDWARDS JACK
EDWARDS LESLIE
REGION CODE ADDRESS : 309 NORTH FAIRFAX CIRCLE
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84103
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,756.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031043219 MORTGAGORS: KIRBY ARTHUR
KIRBY JANET
REGION CODE ADDRESS : 786 BEND AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031043243 MORTGAGORS: LEE REGINAL
LEE JENNIFER
REGION CODE ADDRESS : 3152 MOUNT ISABEL COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 236,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,341.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.32400
----------------------------------------------------------------
0 0031043276 MORTGAGORS: HYDE JOE
HYDE PAMELA
REGION CODE ADDRESS : 4565 BELCLAIRE AVENUE
01 CITY : DALLAS
STATE/ZIP : TX 75205
MORTGAGE AMOUNT : 285,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,208.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.88900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,100.00
P & I AMT: 10,599.40
UPB AMT: 1,468,506.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 195
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031043326 MORTGAGORS: HAINES RANDALL
HAINES TINA
REGION CODE ADDRESS : 4481 PALM AVENUE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 263,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,945.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,932.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.25400
----------------------------------------------------------------
0 0031043334 MORTGAGORS: RICHARDS RENEE
HILL JOHN
REGION CODE ADDRESS : 666 42ND AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94121
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.85628
----------------------------------------------------------------
0 0031043342 MORTGAGORS: CARROLL CHRISTOPHER
CARROLL CATHY
REGION CODE ADDRESS : 7120 CAMINITO MANRESA
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,790.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031043367 MORTGAGORS: ZUGER ANDREW
ZUGER DINA
REGION CODE ADDRESS : 679 VISTA DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,698.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,301.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.18100
----------------------------------------------------------------
0 0031043383 MORTGAGORS: KOLOKOWSKY STEPHEN
KOLOKOWSKY DIANA
REGION CODE ADDRESS : 7915 RUFUS CT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92129
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,288.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,709,800.00
P & I AMT: 12,269.80
UPB AMT: 1,708,931.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 196
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031043458 MORTGAGORS: HOWELLS SCOTT
HOWELLS DIANNE
REGION CODE ADDRESS : 6416 ROCKBLUFF CIRCLE
01 CITY : PLANO
STATE/ZIP : TX 75024
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.89500
----------------------------------------------------------------
0 0031043961 MORTGAGORS: TOPPMEYER DEBORAH
HILKERT ROBERT
REGION CODE ADDRESS : 70 CANTERBURY LANE
01 CITY : MONTGOMERY
STATE/ZIP : NJ 08558
MORTGAGE AMOUNT : 417,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,956.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.81100
----------------------------------------------------------------
0 0031043995 MORTGAGORS: GAWF BONNIE
GAWF JOHN
REGION CODE ADDRESS : 1275 KENDRA COURT
01 CITY : SAN LUIS OBISPO
STATE/ZIP : CA 93401
MORTGAGE AMOUNT : 218,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,934.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,564.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031044027 MORTGAGORS: HERNANDEZ JOSE
HERNANDEZ RENEE
REGION CODE ADDRESS : 2591 HARVEST LANE
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,127.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031044084 MORTGAGORS: REYNOLDS ALYSSA
REYNOLDS THOMAS
REGION CODE ADDRESS : 928 EAST DESERT FLOWER LANE
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 275,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,155.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,434,350.00
P & I AMT: 10,171.94
UPB AMT: 1,433,317.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 197
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031044308 MORTGAGORS: BUCK CHRISTOPHER
REMUS KIMBERLEE
REGION CODE ADDRESS : 104 CREIGHTON WAY
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,986.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,172.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031044332 MORTGAGORS: KEARNS ROBERT
KEARNS NANCY
REGION CODE ADDRESS : 1661 SOUTH NORFOLK STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031044449 MORTGAGORS: BOLDUC THOMAS
BOLDUC MARY
REGION CODE ADDRESS : 5705 SOUTHVIEW DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031044712 MORTGAGORS: SCHOB DAVID
SCHOB DIANE
REGION CODE ADDRESS : 8247 SANTA YNEZ STREET
01 CITY : SAN GABRIEL
STATE/ZIP : CA 91775
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,318.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031044761 MORTGAGORS: FIDRYCH WILLIAM
WALLAERT MARK
REGION CODE ADDRESS : 873 ROSEMOUNT ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 356,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,966.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,644.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.98947
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,375,500.00
P & I AMT: 9,907.97
UPB AMT: 1,374,538.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 198
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031045370 MORTGAGORS: MCMANUS MICHAEL
MCMANUS TANYA
REGION CODE ADDRESS : 919 KLISH WAY
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 381,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,550.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,834.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.61700
----------------------------------------------------------------
0 0031045388 MORTGAGORS: MERRITT MARK
REGION CODE ADDRESS : 924 BURRELL STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90292
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031045396 MORTGAGORS: MOOSA ABDOOL
MOOSA FATIMA
REGION CODE ADDRESS : 615 EUCLID STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90402
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,627.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,560.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031045511 MORTGAGORS: PAGANELLI JUDE
PAGANELLI ELIZABETH
REGION CODE ADDRESS : 2 BURRELL COURT
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 618,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 618,394.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,867.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031045545 MORTGAGORS: DOMANICO ERNEST
DOMANICO KATHRYN
REGION CODE ADDRESS : 7908 BERMUDA DUNES AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89113
MORTGAGE AMOUNT : 287,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,159.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.26200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,232,050.00
P & I AMT: 16,887.34
UPB AMT: 2,230,828.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 199
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031045859 MORTGAGORS: NAJARYAN VARUJIAN
NAJARYAN NELLI
REGION CODE ADDRESS : 1109 MILKY WAY
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,776.33 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 : 70.65200
----------------------------------------------------------------
0 0031045875 MORTGAGORS: ROBINSON MARK
ROBINSON LESLIE
REGION CODE ADDRESS : 7074 PRIMENTAL LANE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 217,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,434.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,502.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031046006 MORTGAGORS: NICOLAYSEN INGER
REGION CODE ADDRESS : 11141 BLIX STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 91602
MORTGAGE AMOUNT : 195,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 195,062.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,398.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031046022 MORTGAGORS: PALMER MICHAEL
PALMER MONIQUE
REGION CODE ADDRESS : 23030 KATHRYN AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,111.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031046071 MORTGAGORS: ERTZ STEPHEN
ERTZ SHARON
REGION CODE ADDRESS : 94 HOBART AVENUE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,735.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,784.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.81800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,345,050.00
P & I AMT: 9,738.96
UPB AMT: 1,344,119.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 200
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031046105 MORTGAGORS: O'KELLY SEAMUS
REMAR ELIZABETH
REGION CODE ADDRESS : 16 FRENCH ROAD
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,779.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.98700
----------------------------------------------------------------
0 0031046196 MORTGAGORS: GOLDNER CHRISTOPHER
GOLDNER KATHERINE
REGION CODE ADDRESS : 11 HORSESHOE LOOP
01 CITY : MANSFIELD
STATE/ZIP : MA 02048
MORTGAGE AMOUNT : 232,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,971.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.97900
----------------------------------------------------------------
0 0031046220 MORTGAGORS: DERVAES MARK
DERVAES DEBORAH
REGION CODE ADDRESS : 3007 GARBOSO STREET
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 263,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,526.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99147
----------------------------------------------------------------
0 0031046253 MORTGAGORS: FERRELL BRITA
WINSLOW ROYSON
REGION CODE ADDRESS : 3101 OLD SONOMA ROAD
01 CITY : NAPA
STATE/ZIP : CA 94559
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,488.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031046477 MORTGAGORS: PARKER ROBERT
REGION CODE ADDRESS : 4816 SOUTH YORKTOWN PLACE
01 CITY : TULSA
STATE/ZIP : OK 74105
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,446.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,332,200.00
P & I AMT: 9,718.36
UPB AMT: 1,329,212.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 201
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031046485 MORTGAGORS: REED EDDIE
SCHNEIDER-REED MARTHA
REGION CODE ADDRESS : 723 VALLEY COMMONS DRIVE
01 CITY : HUFFMAN
STATE/ZIP : TX 77336
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,649.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031047624 MORTGAGORS: PHILLIPS ERIC
PHILLIPS CATHY
REGION CODE ADDRESS : 313 STONEHENGE DR
01 CITY : GRANDVILLE
STATE/ZIP : MI 49418
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 65.78900
----------------------------------------------------------------
0 0031047640 MORTGAGORS: TRIBOLET EDWARD
TRIBOLET TINA
REGION CODE ADDRESS : 13044 ESSEX LANE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.39200
----------------------------------------------------------------
0 0031047681 MORTGAGORS: DE ALICANTE MARCEL
DE ALICANTE SANDRA
REGION CODE ADDRESS : 57631 TAN OAK LANE
01 CITY : SUN RIVER
STATE/ZIP : OR 97707
MORTGAGE AMOUNT : 421,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,716.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,086.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 62.64800
----------------------------------------------------------------
0 0031047707 MORTGAGORS: MOTAMEDI NIA MICHAEL
MOTAMEDI NIA BITA
REGION CODE ADDRESS : 22250 CRAFT CT
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 300,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 68.29500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,471,000.00
P & I AMT: 10,787.40
UPB AMT: 1,469,366.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 202
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031047723 MORTGAGORS: IELUSIC WALTER
IELUSIC KATHRYN
REGION CODE ADDRESS : 66 TRAILS END ROAD
01 CITY : WESTON
STATE/ZIP : CT 06614
MORTGAGE AMOUNT : 371,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,163.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,790.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047749 MORTGAGORS: SWEENEY MARVIN
SWEENEY MAIMUNAH
REGION CODE ADDRESS : 2233 CALLE DE PLATA
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 286,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,702.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031047921 MORTGAGORS: ROCHE THEODORE
ROCHE KAREN
REGION CODE ADDRESS : 38555 ORANGECREST ROAD
01 CITY : PALM DESERT
STATE/ZIP : CA 92211
MORTGAGE AMOUNT : 102,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 101,929.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 739.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.81800
----------------------------------------------------------------
0 0031050263 MORTGAGORS: AU KA-KEUNG
AU FRIEDA FU-YING
REGION CODE ADDRESS : 1647 VERNAL AVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,836.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 64.93500
----------------------------------------------------------------
0 0031050271 MORTGAGORS: MC ELDERRY CRAIG
REGION CODE ADDRESS : 7865 AIRPORT BLVD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 220,875.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,875.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,601.50 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: 1,231,175.00
P & I AMT: 9,067.75
UPB AMT: 1,230,507.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 203
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031050297 MORTGAGORS: RYAN H.
RYAN REBECCA
REGION CODE ADDRESS : 21972 VIA DEL LAGO
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.30188
----------------------------------------------------------------
0 0031050305 MORTGAGORS: SCHERFF THOMAS
SCHERFF VICKI
REGION CODE ADDRESS : 3065 BIRD ROCK ROAD
01 CITY : PEBBLE BEACH
STATE/ZIP : CA 93953
MORTGAGE AMOUNT : 269,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,399.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050313 MORTGAGORS: SCHMIDT LILLIAN
SCHMIDT ENO
REGION CODE ADDRESS : 10558 CULBERTSON DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,727.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,871.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
0 0031050321 MORTGAGORS: PRICE ROBERT
MOORE ANNE
REGION CODE ADDRESS : 650 MORRIS WAY
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 315,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,988.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,312.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050453 MORTGAGORS: ROSS THOMAS
ROSS MARTHA
REGION CODE ADDRESS : 95 WELLINGTON AVENUE
01 CITY : ROSS
STATE/ZIP : CA 94957
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,746.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,773.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 64.06700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,607,800.00
P & I AMT: 11,648.23
UPB AMT: 1,606,862.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 204
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031050594 MORTGAGORS: NIDERMAN PAVEL
REGION CODE ADDRESS : 2517-2517B OCTAVIA STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94123
MORTGAGE AMOUNT : 640,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 640,440.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,098.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050602 MORTGAGORS: NIJJAR AMARJIT
NIJJAR RAJWANT
REGION CODE ADDRESS : 620 WAGNER STREET
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 340,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,571.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,500.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050651 MORTGAGORS: SPATA JOHN
SPATA MOLLIE
REGION CODE ADDRESS : 1279 RAMBLING ROAD
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 227,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,643.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,651.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.92900
----------------------------------------------------------------
0 0031050669 MORTGAGORS: SHEFF DONALD
BELL-SHEFF CATHERINE
REGION CODE ADDRESS : 811 SPRING DRIVE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,974.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050677 MORTGAGORS: SCHWIEBERT MATTHEW
VILLASENOR VIRGINIA
REGION CODE ADDRESS : 2185 VINTAGE CIRCLE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 247,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,729.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,776,500.00
P & I AMT: 13,335.11
UPB AMT: 1,775,359.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 205
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031050685 MORTGAGORS: SCOGGIN JAMES
REGION CODE ADDRESS : 1843 EUCLID STREET UNIT#A-C
01 CITY : SANTA MONICA
STATE/ZIP : CA 90404
MORTGAGE AMOUNT : 403,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,349.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,067.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050701 MORTGAGORS: SCHAFFER ROBERT
WAYNE CHRISTINE
REGION CODE ADDRESS : 5664 RUTGERS ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 451,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,990.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,549.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 73.97500
----------------------------------------------------------------
0 0031050727 MORTGAGORS: ROMERO RONALD
ROMERO MARGARITA
REGION CODE ADDRESS : 1518 RAMBLEWOOD WAY
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 251,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99821
----------------------------------------------------------------
0 0031050735 MORTGAGORS: NOURI ABBAS
NOURI-ZARRIN PARVANEH
REGION CODE ADDRESS : 3776 MOSSWOOD DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 301,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,289.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.26315
----------------------------------------------------------------
0 0031050743 MORTGAGORS: LLANEZA JOSE
LLANEZA LOURDES
REGION CODE ADDRESS : 2551 MONTE LINDO COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,000.00 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 : 74.68354
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,703,000.00
P & I AMT: 12,778.26
UPB AMT: 1,702,489.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 206
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031050768 MORTGAGORS: BUSHNELL LELAND
BUSHNELL KAREN
REGION CODE ADDRESS : 750 CORDILLERAS DRIVE
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 46.15384
----------------------------------------------------------------
0 0031050776 MORTGAGORS: VERDON GREGORY
VERDON LINDA
REGION CODE ADDRESS : 1000 RIPPEY STREET
01 CITY : EL CAJON
STATE/ZIP : CA 92020
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,255.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050784 MORTGAGORS: GEDDES CAROL
REGION CODE ADDRESS : 232 7TH STREET
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,839.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.71428
----------------------------------------------------------------
0 0031050792 MORTGAGORS: DALY ROBERT
DALY LISA
REGION CODE ADDRESS : 8321 EAST HIDDEN LAKES DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050800 MORTGAGORS: DAVIS M
REGION CODE ADDRESS : 7 LUCILLE WAY
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.58 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: 1,661,500.00
P & I AMT: 12,004.56
UPB AMT: 1,661,500.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 207
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031050818 MORTGAGORS: COOK GENE
COOK SUZANNE
REGION CODE ADDRESS : 18719 WILDFLOWER DRIVE
01 CITY : PENN VALLEY
STATE/ZIP : CA 95946
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.07407
----------------------------------------------------------------
0 0031050826 MORTGAGORS: GARDNER MALCOLM
GARDNER LINDA
REGION CODE ADDRESS : 1599 WARBLER AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,983.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050875 MORTGAGORS: BEAGHLER GUY
BEAGHLER DEBORAH
REGION CODE ADDRESS : 611 CATESBY COURT SW
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 300,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,927.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,098.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031050891 MORTGAGORS: CARLEN RONALD
CARLEN LAURALYN
REGION CODE ADDRESS : 4 SKYVIEW ROAD
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,736.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,482.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.22600
----------------------------------------------------------------
0 0031050909 MORTGAGORS: JAMES FRANK
JAMES NATALIE
REGION CODE ADDRESS : 1273 MORNINGSIDE CIRCLE
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 261,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,488.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,504,200.00
P & I AMT: 10,638.32
UPB AMT: 1,503,352.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 208
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031050925 MORTGAGORS: GONSALVES STEVEN
GONSALVES JULIA
REGION CODE ADDRESS : 1203 DELTA GLEN COURT
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,243.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050958 MORTGAGORS: PUCCI RONALD
LOVISA IRENE
REGION CODE ADDRESS : 5 WHITESTONE LANE
01 CITY : KENNETT SQUARE
STATE/ZIP : PA 19348
MORTGAGE AMOUNT : 272,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,804.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.03300
----------------------------------------------------------------
0 0031051014 MORTGAGORS: ROBINSON DENNIS
ROBINSON JANET
REGION CODE ADDRESS : 1508 PINE CREEK COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.68900
----------------------------------------------------------------
0 0031051022 MORTGAGORS: MOTAMEDI NIA AMIR
MOTAMEDINIA ROSHANAK
REGION CODE ADDRESS : 4605 DUNMAN AVENUE
01 CITY : WOODLAND HILLS AREA LOS A
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,111.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 74.80500
----------------------------------------------------------------
0 0031051048 MORTGAGORS: MUNDY PHILLIP
MUNDY NANCY
REGION CODE ADDRESS : 1015 SHER LANE
01 CITY : LAKE OSWEGO
STATE/ZIP : OR 97034
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 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 : 69.77401
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,281,800.00
P & I AMT: 9,207.70
UPB AMT: 1,281,048.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 209
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031051063 MORTGAGORS: VOLLMER LARRY
VOLLMER MARY
REGION CODE ADDRESS : 26826 SALINAS LANE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031051071 MORTGAGORS: SANCHEZ GEORGE
REGION CODE ADDRESS : 2013 OLIVIA COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.45099
----------------------------------------------------------------
0 0031051089 MORTGAGORS: TANDY WILLIAM
TANDY CINDY
REGION CODE ADDRESS : 5642 OAKHILL COURT
01 CITY : SANTA MARIA
STATE/ZIP : CA 93455
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.82758
----------------------------------------------------------------
0 0031051097 MORTGAGORS: WHEELER ALAN
WHEELER SHARON
REGION CODE ADDRESS : 11025 MATTHEWS DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 296,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,178.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031051105 MORTGAGORS: REZNIKOV ANATOLIY
REZNIKOV ELVIRA
REGION CODE ADDRESS : 815 SEA SPRAY LANE #215
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 254,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,824.70 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: 1,294,750.00
P & I AMT: 9,323.72
UPB AMT: 1,294,750.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 210
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031051121 MORTGAGORS: TRIPP JEFFREY
TRIPP LINDA
REGION CODE ADDRESS : 17563 ST.ANDREWS DRIVE
01 CITY : POWAY
STATE/ZIP : CA 92064
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031051147 MORTGAGORS: MARTIN GUY
GILLETTE-MARTIN LISA
REGION CODE ADDRESS : 448 SYDENHAM COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95111
MORTGAGE AMOUNT : 224,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,625.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031052483 MORTGAGORS: PITTMAN WILLIAM
PITTMAN DANIELLE
REGION CODE ADDRESS : 14508 SOUTHEAST 79TH DRIVE
01 CITY : NEWCASTLE
STATE/ZIP : WA 98059
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.90909
----------------------------------------------------------------
0 0031052491 MORTGAGORS: JOHNSON RONALD
JOHNSON NANCY
REGION CODE ADDRESS : 27330 S. LEEWARD WAY
01 CITY : TRACY
STATE/ZIP : CA 95376
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 560,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,011.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031052897 MORTGAGORS: WENZEL CHRISTOPHER
WENZEL KAREN
REGION CODE ADDRESS : 2537 ALMANOR COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 291,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,061.10 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: 1,609,400.00
P & I AMT: 11,544.52
UPB AMT: 1,609,400.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 211
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031053119 MORTGAGORS: FITCHEN RICHARD
FITCHEN NANCY
REGION CODE ADDRESS : 814 SEA CHASE DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,306.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031053127 MORTGAGORS: VIGNA MARK
VIGNA GINA
REGION CODE ADDRESS : 28650 NORTHEAST 63RD WAY
01 CITY : CARNATION
STATE/ZIP : WA 98014
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,000.00 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 : 68.67400
----------------------------------------------------------------
0 0031053655 MORTGAGORS: TUCKER RUSSELL
TUCKER CINDY
REGION CODE ADDRESS : 10705 BODEGA HWY
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 253,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,030.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,857.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031053721 MORTGAGORS: TEUMA THERESA
REGION CODE ADDRESS : 2701 CENTER RD
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 170,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,883.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,232.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.81800
----------------------------------------------------------------
0 0031053754 MORTGAGORS: STINEMATES CAROLYN
REA KATHRYN
REGION CODE ADDRESS : 48831 GAMAY DR
01 CITY : FREMONT
STATE/ZIP : CA 94539
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.41100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,402,200.00
P & I AMT: 10,124.02
UPB AMT: 1,401,704.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 212
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031053796 MORTGAGORS: TOROBIN JACK
TOROBIN ELIZABETH
REGION CODE ADDRESS : 28 VOYAGE ST UNIT # 1
01 CITY : LOS ANGELES
STATE/ZIP : CA 90292
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,763.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,314.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.73400
----------------------------------------------------------------
0 0031053820 MORTGAGORS: WOLFORD STEVE
REGION CODE ADDRESS : 4919 BRADSHAW COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031053911 MORTGAGORS: TYLER DONALD
JOHNSTON-TYLER JANET
REGION CODE ADDRESS : 1166 SPENCER COURT
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 466,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 466,178.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,382.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.68100
----------------------------------------------------------------
0 0031053952 MORTGAGORS: THEODORE LLOYD
THEDORE NATALIA
REGION CODE ADDRESS : 421 5TH ST
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 353,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,528.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.53300
----------------------------------------------------------------
0 0031053994 MORTGAGORS: SPERLING PHYLLIS
ROBERTS FREDRICK
REGION CODE ADDRESS : 25392 COACH SPRINGS LANE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,752.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,868,500.00
P & I AMT: 13,430.58
UPB AMT: 1,867,439.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 213
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031054729 MORTGAGORS: NICKFARDJAM FARID
REGION CODE ADDRESS : 822 TEAKWOOD RD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 622,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 621,538.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,349.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.93900
----------------------------------------------------------------
0 0031054737 MORTGAGORS: COTTLE WILLIAM
COTTLE BRENDA
REGION CODE ADDRESS : 208 TEAKWOOD STREET
01 CITY : LAKE JACKSON
STATE/ZIP : TX 77566
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,638.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.34000
----------------------------------------------------------------
0 0031054752 MORTGAGORS: SARRIS GREGORY
REGION CODE ADDRESS : 8588 WONDERLAND AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 260,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,866.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98200
----------------------------------------------------------------
0 0031054877 MORTGAGORS: BERLINGUET PAUL
BERLINGUET LAURIE
REGION CODE ADDRESS : 18 VOLUNTEER ROAD
01 CITY : HINGHAM
STATE/ZIP : MA 02043
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.13100
----------------------------------------------------------------
0 0031054885 MORTGAGORS: HERRMANN FRANK
HERRMANN SUZANNE
REGION CODE ADDRESS : 504 MONMOUTH AVENUE
01 CITY : SPRING LAKE
STATE/ZIP : NJ 07762
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,902,050.00
P & I AMT: 13,483.47
UPB AMT: 1,900,677.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 214
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031055270 MORTGAGORS: MOCCIO STEPHEN
MOCCIO LORRAINE
REGION CODE ADDRESS : 20 VALINOR ROAD
01 CITY : HILLSBOROUGH
STATE/ZIP : NJ 08853
MORTGAGE AMOUNT : 240,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,018.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031055296 MORTGAGORS: CALIGUIRE MARK
CALIGUIRE PATRICIA
REGION CODE ADDRESS : 17 HUNTERS PATH
01 CITY : MONTGOMERY
STATE/ZIP : NJ 08558
MORTGAGE AMOUNT : 435,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,150.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,157.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031055445 MORTGAGORS: MOFFAT JOHN
MOFFAT BRENDA
REGION CODE ADDRESS : 5918 RAINBOW HILL ROAD
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,721.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,929.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031055460 MORTGAGORS: KUZNIA IVAN
KUZNIA M
REGION CODE ADDRESS : 416 ADELYN DRIVE
01 CITY : SAN GABRIEL
STATE/ZIP : CA 91775
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,038.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,143.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031055692 MORTGAGORS: RODRIGUEZ MARIO
RODRIGUEZ IVONNE
REGION CODE ADDRESS : 23660 CLEARIDGE DR
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 228,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,780.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,600.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.77300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,608,000.00
P & I AMT: 11,574.01
UPB AMT: 1,606,709.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 215
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031056005 MORTGAGORS: WALSH MARK
REGION CODE ADDRESS : 7 PATRA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,849.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031056260 MORTGAGORS: TOLENTINO ELVIRA
TOLENTINO MANUELITO
REGION CODE ADDRESS : 4209 DRIFTWOOD DRIVE
01 CITY : WICHITA FALLS
STATE/ZIP : TX 76309
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031056310 MORTGAGORS: FARLEY TIMOTHY
FARLEY BONNIE
REGION CODE ADDRESS : 500 TONOPAH DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 251,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,972.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031056336 MORTGAGORS: HAYNIE KATHLEEN
REGION CODE ADDRESS : 10300 MINNESOTA AVENUE
01 CITY : PENNGROVE
STATE/ZIP : CA 94951
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.75757
----------------------------------------------------------------
0 0031056351 MORTGAGORS: BURKHART TIMOTHY
BURKHART NANCY
REGION CODE ADDRESS : 4005 BENNINGTON WAY
01 CITY : PASADENA
STATE/ZIP : MD 21122
MORTGAGE AMOUNT : 236,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.71000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,302,750.00
P & I AMT: 9,382.51
UPB AMT: 1,302,015.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 216
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031056559 MORTGAGORS: HUBBARD-NELSON BRADLEY
HUBBARD-NELSON ANDREA
REGION CODE ADDRESS : 115 NATIONAL STREET
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 226,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,605.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031056666 MORTGAGORS: WHISTLER ROGER
WHISTLER LORI
REGION CODE ADDRESS : 24541 MANDO DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,831.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.13400
----------------------------------------------------------------
0 0031056682 MORTGAGORS: BUSCHINI FABRIZIO
BUSCHINI LINDA
REGION CODE ADDRESS : 3612 TILDEN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.25000
----------------------------------------------------------------
0 0031056716 MORTGAGORS: MOULTON LARRY
CHAPMAN LYNN
REGION CODE ADDRESS : 1304 TERI AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031056740 MORTGAGORS: MALPEDE THOMAS
MALPEDE MELISSA
REGION CODE ADDRESS : 38160 HASTINGS COURT
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,808.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.18100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,205,850.00
P & I AMT: 8,555.14
UPB AMT: 1,205,145.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 217
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031056781 MORTGAGORS: MAY DANIEL
MAY SONIA
REGION CODE ADDRESS : 5114 VISTA MONTANA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,771.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031056948 MORTGAGORS: PALLAS EUGENE
PALLAS AMY
REGION CODE ADDRESS : 1170 POLYNESIA DRIVE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 441,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,274.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031057342 MORTGAGORS: STAUFFER ARLEN
STAUFFER BRENDA
REGION CODE ADDRESS : 230 FAIRGREEN AVENUE
01 CITY : NEW SMYRNA
STATE/ZIP : FL 32168
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.22200
----------------------------------------------------------------
0 0031057417 MORTGAGORS: PORCELLA GEORGE
VIEW DIANE
REGION CODE ADDRESS : 2239 GRENADIER DRIVE
01 CITY : SAN PEDRO
STATE/ZIP : CA 90732
MORTGAGE AMOUNT : 285,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.72000
----------------------------------------------------------------
0 0031057490 MORTGAGORS: CHUNG NORBERT
PARK LAURA
REGION CODE ADDRESS : 17185 AVENIDA DE SANTA YNEZ
01 CITY : PACIFIC PALISADES AREA
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 392,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,845.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.70200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,712,800.00
P & I AMT: 12,392.48
UPB AMT: 1,712,571.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 218
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031058209 MORTGAGORS: FOX MARTIN
FOX ELLEN
REGION CODE ADDRESS : 16189 COMET WAY
01 CITY : CANYON COUNTRY AREA
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 309,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031058217 MORTGAGORS: GIESSINGER EDOUARD
GIESSINGER ANDREA
REGION CODE ADDRESS : 2048 CREEKWOOD STREET
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 276,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031058225 MORTGAGORS: BANKHEAD LEWIS
REGION CODE ADDRESS : 91 WEST 620 SOUTH
01 CITY : OREM
STATE/ZIP : UT 84058
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,800.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0031058241 MORTGAGORS: SOSNOWSKI ANTHONY
SOSNOWSKI SHERRY
REGION CODE ADDRESS : 3424 E MEADOWRIDGE ROAD
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 82.46100
----------------------------------------------------------------
0 0031058258 MORTGAGORS: LESTINA G
LESTINA EMMA
REGION CODE ADDRESS : 5105 CLOUD AVENUE
01 CITY : LA CRESCENTA AREA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 254,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,115.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,608,850.00
P & I AMT: 11,752.28
UPB AMT: 1,608,665.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 219
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031058274 MORTGAGORS: MAK SIMON
MAK REBECCA
REGION CODE ADDRESS : 1148 SENECA PLACE
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 293,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,392.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,103.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031058308 MORTGAGORS: BREIDENBACH DONALD
BREIDENBACH LACEY
REGION CODE ADDRESS : 9352 SWAN LAKE DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 268,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,210.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.97800
----------------------------------------------------------------
0 0031058324 MORTGAGORS: SPADARO JOSEPH
SPADARO KAREN
REGION CODE ADDRESS : 27 TOULON
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 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 : 80.00000
----------------------------------------------------------------
0 0031058340 MORTGAGORS: LANDA DAVID
LANDA ROZA
REGION CODE ADDRESS : 11458 DONA TERESA DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 552,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 552,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,859.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031058613 MORTGAGORS: NABI AMY
REGION CODE ADDRESS : 24211 HILLHURST DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91364
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.29200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,713,000.00
P & I AMT: 12,177.22
UPB AMT: 1,712,395.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 220
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031058639 MORTGAGORS: BROWN CHARLES
BROWN ROSE
REGION CODE ADDRESS : 12674 MISTYGROVE STREET
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,766.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.97200
----------------------------------------------------------------
0 0031058647 MORTGAGORS: LEVEE THOMAS
LEVEE ROMAYNE
REGION CODE ADDRESS : 653 31ST STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 588,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 587,563.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,111.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.90400
----------------------------------------------------------------
0 0031058654 MORTGAGORS: BERG DAVID
BERG CAMILLA
REGION CODE ADDRESS : 7818 HILLARY DRIVE
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 285,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,388.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031058688 MORTGAGORS: SELLUNG JAMIE
SELLUNG MINETTE
REGION CODE ADDRESS : 20958 AVENUE SAN LUIS AVENUE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,719.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031058696 MORTGAGORS: STOLZ RICHARD
STOLZ MARCIA
REGION CODE ADDRESS : 2309 VIA PACHECO
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
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 : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.79300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,926,600.00
P & I AMT: 13,437.47
UPB AMT: 1,925,162.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 221
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031058704 MORTGAGORS: WHITE DARYL
WHITE CAROL
REGION CODE ADDRESS : 1140 CENTINELA AVENUE
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,706.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,866.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.64406
----------------------------------------------------------------
0 0031058712 MORTGAGORS: FORD ROBERT
REGION CODE ADDRESS : 6425 CHESEBRO ROAD
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 530,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 529,644.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,888.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.69900
----------------------------------------------------------------
0 0031058720 MORTGAGORS: HOFFMAN FRANK
HOFFMAN DONNA
REGION CODE ADDRESS : 1650 LOTUS LANE
01 CITY : EL CAJON
STATE/ZIP : CA 92021
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,573.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031058738 MORTGAGORS: BAISDEN MARVIN
BAISDEN ROXANNE
REGION CODE ADDRESS : 5900 VIA PASA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
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 : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 86.95600
----------------------------------------------------------------
0 0031058803 MORTGAGORS: FRANKLIN THOMAS
JACKSON-FRANKLIN JENELLE
REGION CODE ADDRESS : 4815 LINARO DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,345.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,798,750.00
P & I AMT: 12,949.99
UPB AMT: 1,797,707.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 222
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031058829 MORTGAGORS: HUNTER BRADLEY
HUNTER HEATHER
REGION CODE ADDRESS : 153 POMONA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 237,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 76.48300
----------------------------------------------------------------
0 0031058837 MORTGAGORS: DITONTO DOUGLAS
DITONTO MARTHA
REGION CODE ADDRESS : 20945 CASTELROCK ROAD
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,787.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.83600
----------------------------------------------------------------
0 0031058845 MORTGAGORS: KELSO DAVID
KELSO SANDRA
REGION CODE ADDRESS : 1404 CHARIOT COURT
01 CITY : BONSALL
STATE/ZIP : CA 92003
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 : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 36.66600
----------------------------------------------------------------
0 0031058852 MORTGAGORS: MANDEL PHILIP
MANDEL SYLVIA
REGION CODE ADDRESS : 3839 ROYAL WOODS DRIVE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,790.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.64500
----------------------------------------------------------------
0 0031058944 MORTGAGORS: DILLON TIMOTHY
DILLON LOIS
REGION CODE ADDRESS : 258 EAST SHORE TRAIL
01 CITY : SPARTA
STATE/ZIP : NJ 07871
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,305,600.00
P & I AMT: 9,419.20
UPB AMT: 1,304,989.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 223
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031058985 MORTGAGORS: FLORIAN MARTIN
FLORIAN CHRISTINE
REGION CODE ADDRESS : 5007 MATTOS COURT
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031058993 MORTGAGORS: BAROUCH JOAN
DELBRIDGE JAMES
REGION CODE ADDRESS : 1030 PERALTA AVENUE
01 CITY : ALBANY
STATE/ZIP : CA 94706
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 71.38800
----------------------------------------------------------------
0 0031059009 MORTGAGORS: WANG EUGENE
WOO SING
REGION CODE ADDRESS : 44406 ARAPAHO AVENUE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,116.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 51.81800
----------------------------------------------------------------
0 0031059025 MORTGAGORS: KATZ RICHARD
KATZ ANNE
REGION CODE ADDRESS : 4144 LAURELVIEW DRIVE
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 383,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,713.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031059124 MORTGAGORS: KUNKEL KLAY
REGION CODE ADDRESS : 2866 KILKARE ROAD
01 CITY : SUNOL
STATE/ZIP : CA 94586
MORTGAGE AMOUNT : 331,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,431.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.90476
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,538,000.00
P & I AMT: 11,257.65
UPB AMT: 1,538,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 224
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031059157 MORTGAGORS: MEYERS MARK
NEWQUIST CHRISTY
REGION CODE ADDRESS : 5001 SHORELINE WAY
01 CITY : OXNARD
STATE/ZIP : CA 93035
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031059199 MORTGAGORS: BENDER DAVID
BENDER KELLY
REGION CODE ADDRESS : 5318 LAWNVIEW WAY
01 CITY : ELK GROVE
STATE/ZIP : CA 95758
MORTGAGE AMOUNT : 211,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 211,471.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031059371 MORTGAGORS: DONLAN-BOSCOE J.
REGION CODE ADDRESS : 1014 GLENDEVON DRIVE
01 CITY : HORSHAM TOWNSHIP
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 267,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
0 0031059405 MORTGAGORS: REDDEN SUZANNE
REGION CODE ADDRESS : 1650 COMANCHE ROAD
01 CITY : ARNOLD
STATE/ZIP : MD 21012
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,051.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031059421 MORTGAGORS: LESUS SUSAN
LESUS WALTER
REGION CODE ADDRESS : 1518 HOLIDAY DRIVE
01 CITY : SANDWICH
STATE/ZIP : IL 60548
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,310,450.00
P & I AMT: 9,430.42
UPB AMT: 1,310,123.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 225
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031059454 MORTGAGORS: DRAUT TERRENCE
REGION CODE ADDRESS : 1102 LUNETA PLAZA
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93109
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.42105
----------------------------------------------------------------
0 0031059520 MORTGAGORS: O'KELLY TIMOTHY
O'KELLY DOREEN
REGION CODE ADDRESS : 2824 CALLE REYNOSO
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,295.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,157.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.75800
----------------------------------------------------------------
0 0031059538 MORTGAGORS: HOLLANDER WARREN
HOLLANDER DEBORAH
REGION CODE ADDRESS : 8 GASKIN DRIVE
01 CITY : BURLINGTON
STATE/ZIP : NJ 08016
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.26500
----------------------------------------------------------------
0 0031059561 MORTGAGORS: LASCHEVER ERIC
SULLIVAN EULALIE
REGION CODE ADDRESS : 4041 85TH AVENUE SOUTHEAST
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.84500
----------------------------------------------------------------
0 0031059611 MORTGAGORS: DOVER THERESA
REGION CODE ADDRESS : 961 MISTY CANYON AVENUE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 222,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,612.55 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: 1,241,900.00
P & I AMT: 8,982.14
UPB AMT: 1,241,695.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 226
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031061864 MORTGAGORS: LINEHAN DANIEL
LINEHAN ASTRID
REGION CODE ADDRESS : 1209 MAGNOLIA AVENUE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031061872 MORTGAGORS: CARPENTER NICHOLAS
REGION CODE ADDRESS : 5 BRINDISI
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 479,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,433.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031062060 MORTGAGORS: MIGLIORINI PATRICK
MIGLIORINI CHARLENE
REGION CODE ADDRESS : 1213 SOUTH GERTRUDA AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,976.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031062144 MORTGAGORS: KERNS BYRON
GLEICHENHAUS MORISSA
REGION CODE ADDRESS : 300-310 CHADBOURNE AVENUE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031062177 MORTGAGORS: BARTLETT JERRY
BARTLETT DYANI
REGION CODE ADDRESS : 236 12TH AVENUE NORTH
01 CITY : EDMONDS
STATE/ZIP : WA 98020
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,324.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.25000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,668,400.00
P & I AMT: 11,920.14
UPB AMT: 1,668,400.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 227
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031062185 MORTGAGORS: SMITH MICHAEL
SMITH DAWN
REGION CODE ADDRESS : 49 SEAWOLF PASSAGE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 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 : 75.75757
----------------------------------------------------------------
0 0031062201 MORTGAGORS: VASCONCELLOS CHRISTOPHER
VASCONCELLOS MARIA
REGION CODE ADDRESS : 12260 TOLUCA DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031062235 MORTGAGORS: PAULSEN JOHN
PHILLIPS-PAULSEN JAN
REGION CODE ADDRESS : 746 TERRY STREET
01 CITY : MONTEREY
STATE/ZIP : CA 93940
MORTGAGE AMOUNT : 239,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.52400
----------------------------------------------------------------
0 0031062250 MORTGAGORS: LEE JESSICA
LEE HERMAN
REGION CODE ADDRESS : 32925 BLUEBIRD COURT
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 279,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031062375 MORTGAGORS: DYER ROBERT
DYER SUZANNE
REGION CODE ADDRESS : 22701 TEAKWOOD
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,331,100.00
P & I AMT: 9,619.21
UPB AMT: 1,331,100.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 228
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031062391 MORTGAGORS: OSHIMA MICHAEL
OSHIMA BARBARA
REGION CODE ADDRESS : 1591 NESTON WAY
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 499,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,661.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.96875
----------------------------------------------------------------
0 0031062417 MORTGAGORS: FIELD THOMAS
FIELD LESLIE
REGION CODE ADDRESS : 4518 PADDOCK DRIVE
01 CITY : EUGENE
STATE/ZIP : OR 97405
MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,066.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031062920 MORTGAGORS: VALENTE JAMES
VALENTE JOYCE
REGION CODE ADDRESS : 394 SUMMIT DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,341.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031063019 MORTGAGORS: KAYE BRIAN
KAYE FRAN
REGION CODE ADDRESS : 1880 TRESTLE GLEN ROAD
01 CITY : PIEDMONT
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 396,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,907.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.26000
----------------------------------------------------------------
0 0031063092 MORTGAGORS: O'CONNOR WAYNE
ZOOTIS-O'CONNOR BETTY
REGION CODE ADDRESS : 310 SCHIAPPINO STREET
01 CITY : SANTA ROSA
STATE/ZIP : CA 95409
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,000.00 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 : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,853,550.00
P & I AMT: 13,664.48
UPB AMT: 1,853,366.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 229
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031063332 MORTGAGORS: JONES GEORGIA
REGION CODE ADDRESS : 90 ENTRADA COURT
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031063621 MORTGAGORS: SHINKAI RON
SHINKAI ELLEN
REGION CODE ADDRESS : 29907 AVENIDA ESPLENDIDA
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 366,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,625.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.08300
----------------------------------------------------------------
0 0031064389 MORTGAGORS: KROLL JOERN
KROLL CATHERINE
REGION CODE ADDRESS : 906 SAMUEL DRIVE
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 231,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,640.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031064454 MORTGAGORS: CAMINADA RINALDO
CAMINADA NELLY
REGION CODE ADDRESS : 226 VISTA DEL MAR
01 CITY : PISMO BEACH
STATE/ZIP : CA 93449
MORTGAGE AMOUNT : 228,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,619.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031064462 MORTGAGORS: LITCHFIELD DOYLE
MAZIK JEFFREY
REGION CODE ADDRESS : 23 KINGWOOD ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94619
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,986.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,172.16 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: 1,414,250.00
P & I AMT: 10,083.37
UPB AMT: 1,413,876.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 230
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031064470 MORTGAGORS: BELOV YURIY
REGION CODE ADDRESS : 1045 WOODVALE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95116
MORTGAGE AMOUNT : 241,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0031064488 MORTGAGORS: ELCOMBE KATHERINE
REGION CODE ADDRESS : 1525 BRIARFIELD PL.
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 335,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,951.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,343.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064504 MORTGAGORS: CHEN WALTER
CHEN BAB
REGION CODE ADDRESS : 1916 CHULA VISTA
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 273,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,575.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031064512 MORTGAGORS: FIRESTONE WILLIAM
FIRESTONE COLLEEN
REGION CODE ADDRESS : 1126 CHERRYVIEW LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 192,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 192,670.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,414.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064538 MORTGAGORS: BALDWIN CLIFFORD
BALDWIN KATHERINE
REGION CODE ADDRESS : 204 EAGLE LANE
01 CITY : KNIGHTSEN
STATE/ZIP : CA 94513
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.62300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,338,150.00
P & I AMT: 9,616.38
UPB AMT: 1,337,389.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 231
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031064736 MORTGAGORS: FLORIO JOHN
PAN LISA
REGION CODE ADDRESS : 25969 ABBINGTON PLACE
01 CITY : HAYWARD
STATE/ZIP : CA 94542
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 : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.94390
----------------------------------------------------------------
0 0031064744 MORTGAGORS: LEE RANDALL
LEE LISA
REGION CODE ADDRESS : 340 SEA HORSE COURT
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 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 : 67.34690
----------------------------------------------------------------
0 0031064751 MORTGAGORS: HANSON CHRISTOPHER
HANSON JENNIFER
REGION CODE ADDRESS : 8819 CALLE PERICO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92129
MORTGAGE AMOUNT : 225,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031064777 MORTGAGORS: BALCHUNAS VAUGHN
BALCHUNAS CYNTHIA
REGION CODE ADDRESS : 2263 COYOTE PASS COURT
01 CITY : SHINGLE SPRINGS
STATE/ZIP : CA 95682
MORTGAGE AMOUNT : 218,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.99780
----------------------------------------------------------------
0 0031064827 MORTGAGORS: JONES GARY
JONES SUSAN
REGION CODE ADDRESS : 21551 CALLE OTONO
01 CITY : LAKE FORREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.96100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,356,750.00
P & I AMT: 9,805.06
UPB AMT: 1,356,750.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 232
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031065964 MORTGAGORS: BURTON BRAD
BURTON LAURA
REGION CODE ADDRESS : 717 25TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 356,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,548.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,556.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031066426 MORTGAGORS: LEE CHUN
LIU YOU
REGION CODE ADDRESS : 9701 CAMDEN HILLS AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89128
MORTGAGE AMOUNT : 302,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,491.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.33700
----------------------------------------------------------------
0 0031066491 MORTGAGORS: PARDUE MICHELLE
REGION CODE ADDRESS : 2225 DUNSTAN ROAD
01 CITY : HOUSTON
STATE/ZIP : TX 77005
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031066533 MORTGAGORS: BORDELON BRUCE
BORDELON SHANNON
REGION CODE ADDRESS : 1713 WOODMONT DRIVE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 280,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031067994 MORTGAGORS: CHEN CHUN YA
CHEN THERESA
REGION CODE ADDRESS : 6030 COUNTESS DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,081.81 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: 1,664,050.00
P & I AMT: 12,102.33
UPB AMT: 1,663,589.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 10/01/97
P.O. BOX 5260 TMS AG000497093B 00 01
PAGE: 233
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031068000 MORTGAGORS: GAEDE KENNETH
GAEDE MARY
REGION CODE ADDRESS : 1927 LE FLORE DR
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.50000
----------------------------------------------------------------
0 0031068026 MORTGAGORS: DAU HAI
DAU STEPHANIE
REGION CODE ADDRESS : 3444 MONTE SERENO TERRACE
01 CITY : FREMONT
STATE/ZIP : CA 94539
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.24700
----------------------------------------------------------------
0 0031069461 MORTGAGORS: GOMEZ GREGORY
GOMEZ VICKI
REGION CODE ADDRESS : 127 PASEO DE GRACIA
01 CITY : TORRANCE,
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,363.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.94200
----------------------------------------------------------------
0 0031069560 MORTGAGORS: MIHELICH JOHN
MIHELICH PAMELA
REGION CODE ADDRESS : 418 N DOWNEY LANE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,123.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 4
LOAN AMT: 1,817,000.00
P & I AMT: 13,193.29
UPB AMT: 1,817,000.00
0 TOTAL NUM OF LOANS: 1164
LOAN AMT: 351,024,229.40
P & I AMT: 2,516,317.46
UPB AMT: 350,732,153.36
<PAGE>
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
_________________, ______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1997-9
Pursuant to the Pooling and Servicing Agreement dated
as of October 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:
Pool 1 Pool 2
--------- --------
(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>
Pool 1 Pool 2
--------- --------
(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>
Pool 1 Pool 2
--------- --------
(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 1-A1 $__________ $__________ ____%
Class 1-A2 $__________ $__________ ____%
Class 1-A3 $__________ $__________ ____%
Class 1-A4 $__________ $__________ ____%
Class 1-A5 $__________ $__________ ____%
Class 1-A6 $__________ $__________ ____%
Class 1-A7 $__________ $__________ ____%
Class 1-A8 $__________ $__________ ____%
Class 1-A9 $__________ $__________ ____%
Class 1-A10 $__________ $__________ ____%
Class 1-A11 $__________ $__________ ____%
Class 1-A12 $__________ $__________ ____%
Class 1-A13 $__________ $__________ ____%
Class 1-A14 $__________ $__________ ____%
Class 1-A15 $__________ $__________ ____%
Class 1-A16 $__________ $__________ ____%
Class 1-A17 $__________ $__________ ____%
Class 1-S $__________ $__________ ____%
Class 1-M $__________ $__________ ____%
Class 1-B1 $__________ $__________ ____%
Class 1-B2 $__________ $__________ ____%
Class 1-B3 $__________ $__________ ____%
Class 1-B4 $__________ $__________ ____%
Class 1-B5 $__________ $__________ ____%
Class 2-A1 $__________ $__________ ____%
Class 2-A2 $__________ $__________ ____%
Class 2-A3 $__________ $__________ ____%
<PAGE>
Class 2-A4 $__________ $__________ ____%
Class 2-A5 $__________ $__________ ____%
Class 2-A6 $__________ $__________ ____%
Class 2-A7 $__________ $__________ ____%
Class 2-A8 $__________ $__________ ____%
Class 2-A9 $__________ $__________ ____%
Class 2-A10 $__________ $__________ ____%
Class 2-M $__________ $__________ ____%
Class 2-B1 $__________ $__________ ____%
Class 2-B2 $__________ $__________ ____%
Class 2-B3 $__________ $__________ ____%
Class 2-B4 $__________ $__________ ____%
Class 2-B5 $__________ $__________ ____%
Class R $__________ $__________ ____%
Class RL $__________ $__________ ____%
(15) Accrual Amount:
Class 1-A7 $__________
Class 1-A11 $__________
(16) Principal distribu-
table:
Class 1-A1 $__________
Class 1-A2 $__________
Class 1-A3 $__________
Class 1-A4 $__________
Class 1-A5 $__________
Class 1-A6 $__________
Class 1-A7 $__________
Class 1-A8 $__________
Class 1-A9 $__________
Class 1-A10 $__________
Class 1-A11 $__________
Class 1-A12 $__________
Class 1-A13 $__________
Class 1-A14 $__________
Class 1-A15 $__________
Class 1-A16 $__________
Class 1-A17 $__________
Class 1-PO $__________
Class 1-M $__________
Class 1-B1 $__________
Class 1-B2 $__________
Class 1-B3 $__________
Class 1-B4 $__________
Class 1-B5 $__________
<PAGE>
Class 2-A1 $__________
Class 2-A2 $__________
Class 2-A3 $__________
Class 2-A4 $__________
Class 2-A5 $__________
Class 2-A6 $__________
Class 2-A7 $__________
Class 2-A8 $__________
Class 2-A9 $__________
Class 2-A10 $__________
Class 2-PO $__________
Class 2-M $__________
Class 2-B1 $__________
Class 2-B2 $__________
Class 2-B3 $__________
Class 2-B4 $__________
Class 2-B5 $__________
Class R $__________
Class RL $__________
(17) Additional distributions to
the Class R Certificate
pursuant to Section 4.01(c): $_____________
(18) Additional distributions to
the Class RL Certificate
pursuant to Section 2.05(d): $_____________
(19) Distributions Allocable to
Unanticipated Recoveries:
Class 1-A1 $__________
Class 1-A2 $__________
Class 1-A3 $__________
Class 1-A4 $__________
Class 1-A5 $__________
Class 1-A6 $__________
Class 1-A7 $__________
Class 1-A8 $__________
Class 1-A9 $__________
Class 1-A10 $__________
Class 1-A11 $__________
Class 1-A12 $__________
Class 1-A13 $__________
Class 1-A14 $__________
Class 1-A15 $__________
Class 1-A16 $__________
Class 1-A17 $__________
Class 1-PO $__________
<PAGE>
Class 1-M $__________
Class 1-B1 $__________
Class 1-B2 $__________
Class 1-B3 $__________
Class 1-B4 $__________
Class 1-B5 $__________
Class 2-A1 $__________
Class 2-A2 $__________
Class 2-A3 $__________
Class 2-A4 $__________
Class 2-A5 $__________
Class 2-A6 $__________
Class 2-A7 $__________
Class 2-A8 $__________
Class 2-A9 $__________
Class 2-A10 $__________
Class 2-PO $__________
Class 2-M $__________
Class 2-B1 $__________
Class 2-B2 $__________
Class 2-B3 $__________
Class 2-B4 $__________
Class 2-B5 $__________
Class R $__________
Class RL $__________
(20) Certificate Interest Rate of:
Class 1-A11 Certificates _____________%
Class 1-S Certificates _____________%
Class 2-S Certificates _____________%
<PAGE>
B. Other Amounts:
1. Senior Percentage for such
Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
2. Pool 1 Category A Group II Senior Percentage
for such Distribution Date: _____________%
3. Class 1-A12 Percentage for such
Distribution Date: _____________%
4. Class 2-A1 Percentage for such
Distribution Date: _____________%
5. Class 2-A2 Percentage for such
Distribution Date: _____________%
6. Senior Prepayment Percentage
for such Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
7. Junior Percentage
for such Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
8. Junior Prepayment Percentage
for such Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
9. Subordinate Certificate
Writedown Amount for
such Distribution Date:
Pool 1 $_____________
Pool 2 $_____________
10. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class 1-B1 ____ ____
Class 1-B2 ____ ____
Class 1-B3 ____ ____
Class 1-B4 ____ ____
Class 1-B5 ____ ____
Class 2-B1 ____ ____
<PAGE>
Class 2-B2 ____ ____
Class 2-B3 ____ ____
Class 2-B4 ____ ____
Class 2-B5 ____ ____
<PAGE>
Capitalized terms used in this Certificate shall have the same
meanings as in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
<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 October 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
<PAGE>
assets" and subject to the prohibited transaction 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 change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of any such Certificate by a Plan or a
Person that is purchasing or holding any such Certificate with
the assets of a Plan will not constitute or result in a
prohibited transaction under ERISA or Section 4975 of the Code).
[4. The ERISA-Restricted Certificates shall be registered
in the name of ______________________________________________ as
nominee for the Investor.]
IN WITNESS WHEREOF, the Investor has caused this instrument
to be executed on its behalf, pursuant to authority of its Board
of Directors, by its [title of officer] __________________ and
its corporate seal to be hereunder attached, attested by its
[Assistant] Secretary, this ____ day of _________, 199_.
_____________________________
[name of Investor]
By:
Name:
Title:
The undersigned hereby
acknowledges that it is holding
and will hold the ERISA-Restricted
Certificates at the exclusive
direction of and as nominee of
the Investor named above.
_______________________________
[name of nominee]
By:____________________________
Name:
Title:
<PAGE>
EXHIBIT F
FORM OF RESIDUAL CERTIFICATE TRANSFEREE AFFIDAVIT
STATE OF )
) ss.:
COUNTY OF )
[NAME OF OFFICER], _________________ being first duly
sworn, deposes and says:
1. That he [she] is [title of officer] ___________
_____________ of [name of Purchaser] ________________________
_________________ (the "Purchaser"), a _______________________
[description of type of entity] duly organized and existing under
the laws of the [State of __________] [United States], on behalf
of which he [she] makes this affidavit.
2. That the Purchaser's Taxpayer Identification
Number is [ ].
3. That the Purchaser is not a "disqualified
organization" within the meaning of Section 860E(e)(5) of the
Internal Revenue Code of 1986, as amended (the "Code") and will
not be a "disqualified organization" as of [date of transfer],
and that the Purchaser is not acquiring a Residual Certificate
(as defined below) for the account of, or as agent (including a
broker, nominee, or other middleman) for, any person or entity
from which it has not received an affidavit substantially in the
form of this affidavit. For these purposes, a "disqualified
organization" means the United States, any state or political
subdivision thereof, any foreign government, any international
organization, any agency or instrumentality of any of the
foregoing (other than an instrumentality if all of its activities
are subject to tax and a majority of its board of directors is
not selected by such governmental entity), any cooperative
organization furnishing electric energy or providing telephone
service to persons in rural areas as described in Code Section
1381(a)(2)(C), or any organization (other than a farmers'
cooperative described in Code Section 521) that is exempt from
federal income tax unless such organization is subject to the tax
on unrelated business income imposed by Code Section 511. As used
herein, "Residual Certificate" means any Certificate designated
as a "Class R Certificate" or "Class RL Certificate" of GE
Capital Mortgage Services, Inc.'s REMIC Multi-Class Pass-Through
Certificates, Series 1997-9.
<PAGE>
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
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
October 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.
<PAGE>
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)
is a Non-U.S. Person that has delivered to both the transferor
and the Trustee an opinion of a nationally recognized tax counsel
to the effect that the transfer of such Residual Certificate to
it is in accordance with the requirements of the Code and the
regulations promulgated thereunder and that such transfer of a
Residual Certificate will not be disregarded for federal income
tax purposes. "Non-U.S. Person" means an individual, corporation,
partnership or other person other than a citizen or resident of
the United States, a corporation, partnership or other entity
created or organized in or under the laws of the United States or
any political subdivision thereof, or an estate or trust that is
subject to U.S. federal income tax regardless of the source of
its income.
11. That the Purchaser agrees to such amendments of
the Pooling and Servicing Agreement as may be required to further
effectuate the restrictions on transfer of any Residual
Certificate to such a "disqualified organization," an agent
thereof, a Book-Entry Nominee, or a person that does not satisfy
the requirements of paragraph 7 and paragraph 10 hereof.
12. That the Purchaser consents to the designation of
the Company as its agent to act as "tax matters person" of the
Upper Tier REMIC or Lower Tier REMIC, as applicable, pursuant to
the Pooling and Servicing Agreement.
<PAGE>
IN WITNESS WHEREOF, the Purchaser has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] this _____ day
of __________, 19__.
__________________________________
[name of Purchaser]
By:______________________________
Name:
Title:
Personally appeared before me the above-named [name of
officer] ________________, known or proved to me to be the same
person who executed the foregoing instrument and to be the [title
of officer] _________________ of the Purchaser, and acknowledged
to me that he [she] executed the same as his [her] free act and
deed and the free act and deed of the Purchaser.
Subscribed and sworn before me this _____ day of
__________, 19__.
NOTARY PUBLIC
______________________________
COUNTY OF_____________________
STATE OF______________________
My commission expires the _____ day of __________, 19__.
<PAGE>
EXHIBIT G
[LETTER FROM TRANSFEROR OF RESIDUAL CERTIFICATE]
___________________
Date
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
8th Floor
Boston, Massachusetts 02110
Re: GE Capital Mortgage Services, Inc.
REMIC Multi-Class Pass-Through
Certificates, Series 1997-9
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 1997-9
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 October 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
<PAGE>
Restricted Certificates and (e) the Restricted Certificates will
bear a legend to the foregoing effect.
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 (i) an Investor in a Class PO or Class S Certificate
sells or otherwise transfers any such Certificate, or (ii) an
Investor in any other 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
<PAGE>
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
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 1997-9
Pursuant to the Pooling and Servicing Agreement dated
as of October 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 1-A1 $__________
Class 1-A2 $__________
Class 1-A3 $__________
Class 1-A4 $__________
Class 1-A5 $__________
Class 1-A6 $__________
Class 1-A7 $__________
Class 1-A8 $__________
Class 1-A9 $__________
Class 1-A10 $__________
Class 1-A11 $__________
Class 1-A12 $__________
Class 1-A13 $__________
Class 1-A14 $__________
Class 1-A15 $__________
Class 1-A16 $__________
Class 1-A17 $__________
Class 1-PO $__________
Class 1-M $__________
Class 1-B1 $__________
Class 1-B2 $__________
Class 1-B3 $__________
Class 1-B4 $__________
<PAGE>
Class 1-B5 $__________
Class 2-A1 $__________
Class 2-A2 $__________
Class 2-A3 $__________
Class 2-A4 $__________
Class 2-A5 $__________
Class 2-A6 $__________
Class 2-A7 $__________
Class 2-A8 $__________
Class 2-A9 $__________
Class 2-A10 $__________
Class 2-PO $__________
Class 2-M $__________
Class 2-B1 $__________
Class 2-B2 $__________
Class 2-B3 $__________
Class 2-B4 $__________
Class 2-B5 $__________
Class R $__________
Class RL $__________
(2) Aggregate principal prepayments
included in distribution:
Class 1-A1 $__________
Class 1-A2 $__________
Class 1-A3 $__________
Class 1-A4 $__________
Class 1-A5 $__________
Class 1-A6 $__________
Class 1-A7 $__________
Class 1-A8 $__________
Class 1-A9 $__________
Class 1-A10 $__________
Class 1-A11 $__________
Class 1-A12 $__________
Class 1-A13 $__________
Class 1-A14 $__________
Class 1-A15 $__________
Class 1-A16 $__________
Class 1-A17 $__________
Class 1-PO $__________
Class 1-M $__________
Class 1-B1 $__________
Class 1-B2 $__________
Class 1-B3 $__________
Class 1-B4 $__________
Class 1-B5 $__________
2
<PAGE>
Class 2-A1 $__________
Class 2-A2 $__________
Class 2-A3 $__________
Class 2-A4 $__________
Class 2-A5 $__________
Class 2-A6 $__________
Class 2-A7 $__________
Class 2-A8 $__________
Class 2-A9 $__________
Class 2-A10 $__________
Class 2-PO $__________
Class 2-M $__________
Class 2-B1 $__________
Class 2-B2 $__________
Class 2-B3 $__________
Class 2-B4 $__________
Class 2-B5 $__________
Class R $__________
Class RL $__________
(3) Amount of distribution
allocable to interest;
Pay-out Rate:
Class 1-A1 $__________ ____%
Class 1-A2 $__________ ____%
Class 1-A3 $__________ ____%
Class 1-A4 $__________ ____%
Class 1-A5 $__________ ____%
Class 1-A6 $__________ ____%
Class 1-A7 $__________ ____%
Class 1-A8 $__________ ____%
Class 1-A9 $__________ ____%
Class 1-A10 $__________ ____%
Class 1-A11 $__________ ____%
Class 1-A12 $__________ ____%
Class 1-A13 $__________ ____%
Class 1-A14 $__________ ____%
Class 1-A15 $__________ ____%
Class 1-A16 $__________ ____%
Class 1-A17 $__________ ____%
Class 1-S $__________ ____%
Class 1-M $__________ ____%
Class 1-B1 $__________ ____%
Class 1-B2 $__________ ____%
Class 1-B3 $__________ ____%
Class 1-B4 $__________ ____%
Class 1-B5 $__________ ____%
Class 2-A1 $__________ ____%
3
<PAGE>
Class 2-A2 $__________ ____%
Class 2-A3 $__________ ____%
Class 2-A4 $__________ ____%
Class 2-A5 $__________ ____%
Class 2-A6 $__________ ____%
Class 2-A7 $__________ ____%
Class 2-A8 $__________ ____%
Class 2-A9 $__________ ____%
Class 2-A10 $__________ ____%
Class 2-M $__________ ____%
Class 2-B1 $__________ ____%
Class 2-B2 $__________ ____%
Class 2-B3 $__________ ____%
Class 2-B4 $__________ ____%
Class 2-B5 $__________ ____%
Class R $__________ ____%
Class RL $__________ ____%
(4) Amount of distribution
allocable to
Unanticipated Recoveries:
Class 1-A1
Class 1-A2 $__________ ____%
Class 1-A3 $__________ ____%
Class 1-A4 $__________ ____%
Class 1-A5 $__________ ____%
Class 1-A6 $__________ ____%
Class 1-A7 $__________ ____%
Class 1-A8 $__________ ____%
Class 1-A9 $__________ ____%
Class 1-A10 $__________ ____%
Class 1-A11 $__________ ____%
Class 1-A12 $__________ ____%
Class 1-A13 $__________ ____%
Class 1-A14 $__________ ____%
Class 1-A15 $__________ ____%
Class 1-A16 $__________ ____%
Class 1-A17 $__________ ____%
Class 1-M $__________ ____%
Class 1-B1 $__________ ____%
Class 1-B2 $__________ ____%
Class 1-B3 $__________ ____%
Class 1-B4 $__________ ____%
Class 1-B5 $__________ ____%
Class 2-A1 $__________ ____%
Class 2-A2 $__________ ____%
Class 2-A3 $__________ ____%
Class 2-A4 $__________ ____%
4
<PAGE>
Class 2-A5 $__________ ____%
Class 2-A6 $__________ ____%
Class 2-A7 $__________ ____%
Class 2-A8 $__________ ____%
Class 2-A9 $__________ ____%
Class 2-A10 $__________ ____%
Class 2-M $__________ ____%
Class 2-B1 $__________ ____%
Class 2-B2 $__________ ____%
Class 2-B3 $__________ ____%
Class 2-B4 $__________ ____%
Class 2-B5 $__________ ____%
Class R $__________ ____%
Class RL $__________ ____%
(5) Accrual Amount:
Class 1-A7 $__________ ____%
Class 1-A11 $__________ ____%
(6) Servicing Compensation:
Pool 1 $__________
Pool 2 $__________
The amounts below are for the aggregate of all
Certificates:
(7) Pool Scheduled Principal
Balance; number of
Mortgage Loans:
Pool 1 $__________ __________
Pool 2 $__________ __________
(8) 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 1-A1 $__________ $__________
Class 1-A2 $__________ $__________
Class 1-A3 $__________ $__________
Class 1-A4 $__________ $__________
Class 1-A5 $__________ $__________
5
<PAGE>
Class 1-A6 $__________ $__________
Class 1-A7 $__________ $__________
Class 1-A8 $__________ $__________
Class 1-A9 $__________ $__________
Class 1-A10 $__________ $__________
Class 1-A11 $__________ $__________
Class 1-A12 $__________ $__________
Class 1-A13 $__________ $__________
Class 1-A14 $__________ $__________
Class 1-A15 $__________ $__________
Class 1-A16 $__________ $__________
Class 1-A17 $__________ $__________
Class 1-PO $__________ $__________
Class 1-S $__________ $__________
Class 1-M $__________ $__________
Class 1-B1 $__________ $__________
Class 1-B2 $__________ $__________
Class 1-B3 $__________ $__________
Class 1-B4 $__________ $__________
Class 1-B5 $__________ $__________
Class 2-A1 $__________ $__________
Class 2-A2 $__________ $__________
Class 2-A3 $__________ $__________
Class 2-A4 $__________ $__________
Class 2-A5 $__________ $__________
Class 2-A6 $__________ $__________
Class 2-A7 $__________ $__________
Class 2-A8 $__________ $__________
Class 2-A9 $__________ $__________
Class 2-A10 $__________ $__________
Class 2-PO $__________ $__________
Class 2-S $__________ $__________
Class 2-M $__________ $__________
Class 2-B1 $__________ $__________
Class 2-B2 $__________ $__________
Class 2-B3 $__________ $__________
Class 2-B4 $__________ $__________
Class 2-B5 $__________ $__________
Class R $__________ $__________
Class RL $__________ $__________
(8) Book value of real estate acquired on behalf of
Certificate-holders; number of related Mortgage
Loans:
Pool 1 $__________ __________
Pool 2 $__________ __________
6
<PAGE>
(9) Aggregate Scheduled Principal
Balance and number of
delinquent Mortgage Loans:
Pool 1:
30-59 days delinquent $__________ __________
60-89 days delinquent $__________ __________
90 or more days delinquent $__________ __________
In foreclosure $__________ __________
Pool 2:
30-59 days delinquent $__________ __________
60-89 days delinquent $__________ __________
90 or more days delinquent $__________ __________
In foreclosure $__________ __________
(10) Aggregate Scheduled
Principal Balance and
number of replaced
Mortgage Loans:
Pool 1 $__________ __________
Pool 2 $__________ __________
(11) Aggregate Scheduled
Principal Balance and
number of modified
Mortgage Loans:
Pool 1 $__________ __________
Pool 2 $__________ __________
(12) Certificate Interest Rate of:
Class 1-A11 __________%
Class 1-S Certificates __________%
Class 2-S Certificates __________%
(13) Senior Percentage for such
Distribution Date:
Pool 1 __________%
Pool 2 __________%
(14) Pool 1 Category A Group II Senior Percentage
for such Distribution Date: __________%
(15) Class 1-A12 Percentage for such
Distribution Date: __________%
(16) Class 2-A1 Percentage for
such Distribution Date: ___________%
(17) Class 2-A2 Percentage for such
7
<PAGE>
Distribution Date: ___________%
(18) Senior Prepayment Percentage
for such Distribution Date:
Pool 1 __________%
Pool 2 __________%
(19) Junior Percentage for
such Distribution Date:
Pool 1 __________%
Pool 2 __________%
(20) Junior Prepayment Percentage
for such Distribution Date:
Pool 1 __________%
Pool 2 __________%
8
<PAGE>
Capitalized terms used in this Statement shall have the same
meanings as in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By:______________________________
Name:
Title:
9
<PAGE>
EXHIBIT K
FORM OF SPECIAL SERVICING
AND COLLATERAL FUND AGREEMENT
This SPECIAL SERVICING AND COLLATERAL FUND AGREEMENT (the
"Agreement") is made and entered into as of ____________________,
199_, between GE Capital Mortgage Services, Inc. (the "Company")
and _____________________________ (the "Purchaser").
PRELIMINARY STATEMENT
___________________________ or an affiliate thereof is the
holder of the entire interest in REMIC Multi-Class Pass-Through
Certificates, Series 199_-__, Class __-B_ (the "Class __-B_
Certificates"). The Class __-B_ Certificates were issued pursuant
to a Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of ________ 1, 199_ between the Company (in
its capacity as servicer thereunder, the "Servicer") and State
Street Bank and Trust Company as Trustee.
____________________________ or an affiliate thereof
intends to resell all of the Class __-B_ Certificates directly to
the Purchaser on or promptly after the date hereof.
In connection with such sale, the parties hereto have
agreed that the Company, as Servicer, will engage in certain
special servicing procedures relating to foreclosures for the
benefit of the Purchaser, and that the Purchaser will deposit
funds in a collateral fund to cover any losses attributable to
such procedures as well as all advances and costs in connection
therewith, as set forth herein.
[The parties hereto have further agreed that the Purchaser
will have no rights, and the Company will have no obligations
under this Agreement until the Class Certificate Principal
Balance of the REMIC Multi-Class Pass-Through Certificates,
Series 199_-__, Class __-B5 (the "Class __-B5 Certificates") has
been reduced to zero, and any Special Servicing and Collateral
Fund Agreement in respect of such Class between the Company and
the Purchaser has been terminated.]
In consideration of the mutual agreements herein contained,
the receipt and sufficiency of which are hereby acknowledged, the
Company and the Purchaser agree that the following provisions
shall become effective and shall be binding on and enforceable by
the Company and the Purchaser upon the acquisition by the
Purchaser of the Class __-B_ Certificates.
<PAGE>
ARTICLE I
DEFINITIONS
Section 1.01. Defined Terms. Whenever used in this
Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings:
Business Day: Any day other than (i) a Saturday or a Sunday
of (ii) a day on which banking institutions in New York City or
Boston, Massachusetts are required or authorized by law or
executive order to be closed.
Collateral Fund: The fund established and maintained
pursuant to Section 3.01 hereof.
Collateral Fund Permitted Investments: Either (i)
obligations of, or obligations fully guaranteed as to principal
and interest by, the United States, or any agency or
instrumentality thereof, provided such obligations are backed by
the full faith and credit of the United States, (ii) repurchase
agreements on obligations specified in clause (i) provided that
the unsecured obligations of the party agreeing to repurchase
such obligations are at the time rated by each Rating Agency in
the highest long-term rating category, (iii) federal funds,
certificates of deposit, time deposits and banker's acceptances
of any U.S. depository institution or trust company incorporated
under the laws of the United States or any state provided that
the debt obligations of such depository institution or trust
company at the date of acquisition thereof have been rated by
each Rating Agency in the highest long-term rating category, (iv)
commercial paper of any corporation incorporated under the laws
of the United States or any state thereof which on the date of
acquisition has the highest short term rating of each Rating
Agency, and (v) other obligations or securities that are
acceptable to each Rating Agency as a Collateral Fund Permitted
Investment hereunder and will not, as evidenced in writing,
result in a reduction or withdrawal in the then current rating of
the Certificates and, for each of the preceding clauses, the
maturity thereof shall be not later than the earlier to occur of
(A) 30 days from the date of the related investment and (B) the
Business Day preceding the next succeeding Distribution Date.
Commencement of Foreclosure: The first official action
required under local law in order to commence foreclosure
proceedings or to schedule a trustee's sale under a deed of
trust, including (i) in the case of a mortgage, any filing or
service of process necessary to commence an action to foreclose,
or (ii) in the case of a deed of trust, the posting, publishing,
filing or delivery of a notice of sale, but not including in
2
<PAGE>
either case (x) any notice of default, notice of intent to
foreclose or sell or any other action prerequisite to the actions
specified in (i) or (ii) above and, upon the consent of the
Purchaser which will be deemed given unless expressly withheld
within two Business Days of notification, (y) the acceptance of a
deed-in-lieu of foreclosure (whether in connection with a sale of
the related property or otherwise) or (z) initiation and
completion of a short pay-off.
Current Appraisal: With respect to any Mortgage Loan as to
which the Purchaser has made an Election to Delay Foreclosure, an
appraisal of the related Mortgaged Property obtained by the
Purchaser as nearly contemporaneously as practicable to the time
of the Purchaser's election, prepared based on the Company's
customary requirements for such appraisals.
Election to Delay Foreclosure: Any election by the
Purchaser to delay the Commencement of Foreclosure, made in
accordance with Section 2.02(b).
Election to Foreclose: Any election by the Purchaser to
proceed with the Commencement of Foreclosure, made in accordance
with Section 2.03(a).
Mortgage Loan: Any Pool __ Mortgage Loan.
Required Collateral Fund Balance: As of any date of
determination, an amount equal to the aggregate of all amounts
previously required to be deposited in the Collateral Fund
pursuant to Section 2.02(d) (after adjustments for all
withdrawals and deposits prior to such date pursuant to Section
2.02(e)) and Section 2.03(b) (after adjustment for all
withdrawals and deposits prior to such date pursuant to Section
2.03(c)) and Section 3.02, reduced by all withdrawals therefrom
prior to such date pursuant to Section 2.02(g) and Section
2.03(d).
Section 1.02. Definitions Incorporated by Reference. All
capitalized terms not otherwise defined in this Agreement shall
have the meanings assigned in the Pooling and Servicing
Agreement.
3
<PAGE>
ARTICLE II
SPECIAL SERVICING PROCEDURES
Section 2.01. Reports and Notices.
(a) In connection with the performance of its duties under
the Pooling and Servicing Agreement relating to the realization
upon defaulted Mortgage Loans, the Company as Servicer shall
provide to the Purchaser the following notices and reports:
(i) Within five Business Days after each Distribution
Date (or included in or with the monthly statements to
Certificateholders pursuant to the Pooling and Servicing
Agreement), the Company, as Servicer, shall provide to the
Purchaser a report, using the same methodology and
calculations in its standard servicing reports, indicating
for the Trust Fund the number of Mortgage Loans that are
(A) thirty days, (B) sixty days, (C) ninety days or more
delinquent or (D) in foreclosure, and indicating for each
such Mortgage Loan the loan number and outstanding
principal balance.
(ii) Prior to the Commencement of Foreclosure in
connection with any Mortgage Loan, the Company shall
provide the Purchaser with a notice (sent by facsimile
transmission) of such proposed and imminent foreclosure,
stating the loan number and the aggregate amount owing
under the Mortgage Loan. Such notice may be provided to the
Purchaser in the form of a copy of a referral letter from
the Company to an attorney requesting the institution of
foreclosure or a copy of a request to foreclose received by
the Company from the related primary servicer which has
been approved by the Company.
(b) If requested by the Purchaser, the Company shall make
its servicing personnel available (during their normal business
hours) to respond to reasonable inquiries, in writing by
facsimile transmission, by the Purchaser in connection with any
Mortgage Loan identified in a report under subsection (a)(i) or
(a)(ii) which has been given to the Purchaser, provided, that (1)
the Company shall only be required to provide information that is
readily accessible to its servicing personnel and is
non-confidential and (2) the Company shall respond within five
Business Days orally or in writing by facsimile transmission.
(c) In addition to the foregoing, the Company shall provide
to the Purchaser such information as the Purchaser may reasonably
request concerning each Mortgage Loan that is at least sixty days
delinquent and each Mortgage Loan which has become real estate
4
<PAGE>
owned, through the final liquidation thereof, provided, that the
Company shall only be required to provide information that is
readily accessible to its servicing personnel and is
non-confidential.
Section 2.02. Purchaser's Election to Delay Foreclosure
Proceedings.
(a) The Purchaser shall be deemed to direct the Company
that in the event that the Company does not receive written
notice of the Purchaser's election pursuant to subsection (b)
below within 24 hours (exclusive of any intervening non-Business
Days) of transmission of the notice provided by the Company under
Section 2.01(a)(ii) subject to extension as set forth in Section
2.02(b), the Company may proceed with the Commencement of
Foreclosure in respect of such Mortgage Loan in accordance with
its normal foreclosure policies without further notice to the
Purchaser. Any foreclosure that has been initiated may be
discontinued (i) without notice to the Purchaser if the Mortgage
Loan has been brought current or if a refinancing or prepayment
occurs with respect to the Mortgage Loan (including by means of a
short payoff approved by the Company) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement with the borrower. In such latter case the Company may
complete such forbearance agreement unless instructed otherwise
by the Purchaser within two Business Days of notification.
(b) In connection with any Mortgage Loan with respect to
which a notice under Section 2.01(a)(ii) has been given to the
Purchaser, the Purchaser may elect to instruct the Company to
delay the Commencement of Foreclosure until such time as the
Purchaser determines that the Company may proceed with the
Commencement of Foreclosure. Such election must be evidenced by
written notice received within 24 hours (exclusive of any
intervening non-Business Days) of transmission of the notice
provided by the Company under Section 2.01(a)(ii). The Purchaser
shall send a copy of such notice of election to each Rating
Agency as soon as practicable thereafter. Such 24-hour period
shall be extended for no longer than an additional four Business
Days after the receipt of the information if the Purchaser
requests additional information related to such foreclosure
within such 24-hour period; provided, however, that the Purchaser
will have at least one Business Day to make such election
following its receipt of any requested additional information.
Any such additional information shall (i) not be confidential in
nature and (ii) be obtainable by the Company from existing
reports, certificates or statements or otherwise be readily
accessible to its servicing personnel. The Purchaser agrees that
it has no right to deal with the mortgagor. However, if the
Company's normal foreclosure policies include acceptance of a
5
<PAGE>
deed-in-lieu of foreclosure or short payoff, the Purchaser will
be notified and given two Business Days to respond.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the
Purchaser shall obtain a Current Appraisal as soon as
practicable, and shall provide the Company with a copy of such
Current Appraisal.
(d) Within two Business Days of making any Election to
Delay Foreclosure, the Purchaser shall remit by wire transfer to
the Trustee, for deposit in the Collateral Fund, an amount, as
calculated by the Company, equal to the sum of (i) 125% of the
greater of the Scheduled Principal Balance of the Mortgage Loan
and the value shown in the Current Appraisal referred to in
subsection (c) above (or, if such Current Appraisal has not yet
been obtained, the Company's estimate thereof, in which case the
required deposit under this subsection shall be adjusted upon
obtaining such Current Appraisal), and (ii) three months'
interest on the Mortgage Loan at the applicable Mortgage Rate. If
any Election to Delay Foreclosure extends for a period in excess
of three months (such excess period being referred to herein as
the "Excess Period"), the Purchaser shall remit by wire transfer
in advance to the Trustee for deposit in the Collateral Fund the
amount of each additional month's interest, as calculated by the
Company, equal to interest on the Mortgage Loan as the applicable
Mortgage Rate for the Excess Period. The terms of this Agreement
will no longer apply to the servicing of any Mortgage Loan upon
the failure of the Purchaser to deposit the above amounts
relating to the Mortgage Loan within two Business Days of (i) the
Election to Delay Foreclosure or (ii) the beginning of the
related Excess Period, as the case may be.
(e) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
or the Trustee may withdraw from the Collateral Fund from time to
time amounts necessary to reimburse the Company for all related
Monthly Advances and Liquidation Expenses thereafter made by the
Company as Servicer in accordance with the Pooling and Servicing
Agreement. To the extent that the amount of any such Liquidation
Expense is determined by the Company based on estimated costs,
and the actual costs are subsequently determined to be higher,
the Company or the Trustee may withdraw the additional amount
from the Collateral Fund to reimburse the Company. In the event
that the Mortgage Loan is brought current by the mortgagor, the
amounts so withdrawn from the Collateral Fund shall be
redeposited therein as and to the extent that reimbursement
therefor from amounts paid by the mortgagor is not prohibited
pursuant to the Pooling and Servicing Agreement as of the date
hereof. Except as provided in the preceding sentence, amounts
6
<PAGE>
withdrawn from the Collateral Fund to cover Monthly Advances and
Liquidation Expenses shall not be redeposited therein or
otherwise reimbursed to the Purchaser. If and when any such
Mortgage Loan is brought current by the mortgagor, all amounts
remaining in the Collateral Fund in respect of such Mortgage Loan
(after adjustment for all previous withdrawals and deposits
pursuant to this subsection and after reimbursement to the
Servicer for all related Monthly Advances) shall be released to
the Purchaser.
(f) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
shall continue to service the Mortgage Loan in accordance with
its customary procedures (other than the delay in Commencement of
Foreclosure as provided herein). If and when, following such
election, the Purchaser shall notify the Company that it believes
that it is appropriate to do so, the Company shall proceed with
the Commencement of Foreclosure; provided that, in any event, if
the Mortgage Loan is not brought current by the mortgagor by the
time the loan becomes 6 months delinquent, the Purchaser's
election shall no longer be effective, unless the Purchaser shall
have purchased the related Mortgage Loan promptly following (and
in any event not later than the third Business Day after) the end
of such 6-month period in the manner provided in the following
two sentences, and the Company shall be entitled to proceed with
the Commencement of Foreclosure. Any purchase of such Mortgage
Loan by the Purchaser pursuant to the preceding sentence shall be
at a purchase price equal to the unpaid principal balance of the
Mortgage Loan plus accrued interest at the Mortgage Rate from the
date last paid by the mortgagor. Such purchase price shall be
deposited by the Purchaser into the Collateral Fund in
immediately available funds on the Business Day which is the date
of purchase and the Purchaser shall instruct the Trustee (with
notice to the Company) to withdraw such amount therefrom on such
Business Day and remit the same to the Trust Fund for application
as Liquidation Proceeds pursuant to the Pooling and Servicing
Agreement. Following such withdrawal, all amounts remaining in
the Collateral Fund in respect of such Mortgage Loan (after
adjustment for all previous withdrawals and deposits pursuant to
this Agreement and after reimbursement to the Servicer for all
related Monthly Advances) shall be released to the Purchaser.
(g) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Delay Foreclosure and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (f)
above, the Company shall calculate the amount, if any, by which
the value shown on the Current Appraisal obtained under
subsection (c) exceeds the actual sales price obtained for the
related Mortgaged Property (net of Liquidation Expenses and
7
<PAGE>
unreimbursed Monthly Advances related to the extended foreclosure
period), and the Company or the Trustee shall withdraw the amount
of such excess from the Collateral Fund and shall remit the same
to the Trust Fund for application as additional Liquidation
Proceeds pursuant to the Pooling and Servicing Agreement. After
making such withdrawal, all amounts remaining in the Collateral
Fund in respect of such Mortgage Loan (after adjustment for all
withdrawals and deposits pursuant to subsection (e) and after
reimbursement to the Servicer for all related Monthly Advances)
shall be released to the Purchaser.
Section 2.03. Purchaser's Election to Commence Foreclosure
Proceedings.
(a) In connection with any Mortgage Loan identified in a
report under Section 2.01(a)(i)(B), the Purchaser may elect to
instruct the Company to proceed with the Commencement of
Foreclosure as soon as practicable. Such election must be
evidenced by written notice received by the Company by 5:00 p.m.,
New York City time, on the third Business Day following the
delivery of such report under Section 2.01(a)(i).
(b) Within two Business Days of making any Election to
Foreclose, the Purchaser shall remit to the Trustee, for deposit
in the Collateral Fund, an amount, as calculated by the Company,
equal to 125% of the current Scheduled Principal Balance of the
Mortgage Loan and three months' interest on the Mortgage Loan at
the applicable Mortgage Rate. If and when any such Mortgage Loan
is brought current by the mortgagor, all amounts in the
Collateral Fund in respect of such Mortgage Loan (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) below) shall be released to the Purchaser. The
terms of this Agreement will no longer apply to the servicing of
any Mortgage Loan upon the failure of the Purchaser to deposit
the above amounts relating to the Mortgage Loan within two
Business Days of the Election to Foreclose.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Foreclose, the Company shall
continue to service the Mortgage Loan in accordance with its
customary procedures. In connection therewith, the Company shall
have the same rights to make withdrawals for Monthly Advances and
Liquidation Expenses from the Collateral Fund as are provided
under Section 2.02(e), and the Company shall make reimbursements
thereto to the limited extent provided under such subsection. The
Company shall not be required to proceed with the Commencement of
Foreclosure if (i) the same is stayed as a result of the
mortgagor's bankruptcy or is otherwise barred by applicable law,
or to the extent that all legal conditions precedent thereto have
not yet been complied with, or (ii) the
8
<PAGE>
Company believes there is a breach of representations or
warranties by the Company, which may result in a repurchase or
substitution of such Mortgage Loan, or (iii) the Company has or
expects to have the right under the Pooling and Servicing
Agreement to purchase the defaulted Mortgage Loan and intends to
exercise such right or (iv) the Company reasonably believes the
Mortgaged Property may be contaminated with or affected by
hazardous wastes or hazardous substances (and the Company
supplies the Purchaser with information supporting such belief)
or (v) the same is prohibited by or is otherwise inconsistent
with the provisions of the Pooling and Servicing Agreement. Any
foreclosure that has been initiated may be discontinued (i)
without notice to the Purchaser if the Mortgage Loan has been
brought current or if a refinancing or prepayment occurs with
respect to the Mortgage Loan (including by means of a short
payoff approved by the Purchaser) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement unless instructed otherwise by the Purchaser within two
Business Days of notification.
(d) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Foreclose and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (c)
above, the Company shall calculate the amount, if any, by which
the Scheduled Principal Balance of the Mortgage Loan at the time
of liquidation (plus all unreimbursed Monthly Advances and
Liquidation Expenses in connection therewith other than those
previously paid from the Collateral Fund) exceeds the actual
sales price obtained for the related Mortgaged Property, and the
Company or the Trustee shall withdraw the amount of such excess
from the Collateral Fund and shall remit the same to the Trust
Fund for application as additional Liquidation Proceeds pursuant
to the Pooling and Servicing Agreement. After making such
withdrawal, all amounts remaining in the Collateral Fund (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) above and after reimbursement to the Servicer for
all related Monthly Advances) in respect of such Mortgage Loan
shall be released to the Purchaser.
Section 2.04. Termination.
(a) With respect to all Mortgage Loans included in the
Trust Fund, the Purchaser's right to make any Election to Delay
Foreclosure or any Election to Foreclose and the Company's
obligations under Section 2.01 shall terminate on the earliest to
occur of the following: (i) at such time as the Class Certificate
Principal Balance of the Class B_ Certificates has been reduced
to zero, (ii) if the greater of (x) 43% (or such lower or higher
percentage that represents the Company's actual
9
<PAGE>
loss experience with respect to the Mortgage Loans) 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.
10
<PAGE>
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_-__ Pool __ Collateral Fund, for the benefit of
GE Capital Mortgage Services, Inc. and State Street Bank and
Trust Company on behalf of Pool __ 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
11
<PAGE>
any losses on such investments) and any payments of principal
made in respect of any Collateral Fund Permitted Investment shall
be deposited in the Collateral Fund upon receipt. All costs and
realized losses associated with the purchase and sale of
Collateral Fund Permitted Investments shall be borne by the
Purchaser and the amount of net realized losses shall be promptly
deposited by the Purchaser in the Collateral Fund. The Company
shall periodically (but not more frequently than monthly) direct
the Trustee to distribute to the Purchaser upon request an amount
of cash, to the extent cash is available therefor in the
Collateral Fund, equal to the amount by which the balance of the
Collateral Fund, after giving effect to all other distributions
to be made from the Collateral Fund on such date, exceeds the
Required Collateral Fund Balance. Any amounts so distributed
shall be released from the lien and security interest of this
Agreement.
Section 3.03. Grant of Security Interest. In order to
secure the obligations of the Purchaser hereunder to the Company
and the Trustee for the benefit of Certificateholders (other than
its obligations under Section 4.10), the Purchaser hereby grants
to the Company and to the Trustee for the benefit of the Pool __
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 Pool __ 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
12
<PAGE>
failure to pay such amounts within two Business Days of such
demand (except for amounts to cover interest on a Mortgage Loan
pursuant to Sections 2.02(d) and 2.03(b)), shall cause an
immediate termination of the Purchaser's right to make any
Election to Delay Foreclosure or Election to Foreclose and the
Company's obligations under this Agreement with respect to all
Mortgage Loans to which such insufficiencies relate, without the
necessity of any further notice or demand on the part of the
Company.
ARTICLE IV
MISCELLANEOUS PROVISIONS
Section 4.01. Amendment. This Agreement may be amended from
time to time by the Company and the Purchaser by written
agreement signed by the Company and the Purchaser provided that
no such amendment shall have a material adverse effect on the
holders of other Classes of Certificates.
Section 4.02. Counterparts. This Agreement may be executed
simultaneously in any number of counterparts, each of which
counterparts shall be deemed to be an original, and such
counterparts shall constitute but one and the same instrument.
Section 4.03. Governing Law. This Agreement shall be
construed in accordance with the laws of the State of New York
and the obligations, rights and remedies of the parties hereunder
shall be determined in accordance with such laws.
Section 4.04. Notices. All demands, notices and direction
hereunder shall be in writing or by telecopy and shall be deemed
effective upon receipt to:
(a) in the case of the Company, with respect to notices
pursuant to Sections 2.02 and 2.03 hereto,
GE Capital Mortgage Services, Inc.
2000 West Loop South
Suite 1917
Houston, Texas 77027
Attention: Mark Pendergrass
Telephone: (713) 964-4207
Facsimile: (713) 964-4100
13
<PAGE>
with respect to all other notices pursuant to this Agreement,
GE Capital Mortgage Services, Inc.
Three Executive Campus
Cherry Hill, New Jersey 08002
Attention: General Counsel
Telephone: (609) 661-6515
Facsimile: (609) 661-6875
or such other address as may hereafter be furnished in writing by
the Company, or
(b) in the case of the Purchaser, with respect to notices
pursuant to Section 2.01,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
with respect to all other notices pursuant to this
Agreement,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
or such other address as may hereafter be furnished in writing by
the Purchaser, or
(c) in the case of the Trustee,
State Street Bank and Trust Company
Corporate Trust Department
Two International Place, Fifth Floor
Boston, Massachusetts 02110
Attention: Karen Beard
Telephone: (617) 664-5465
Facsimile: (617) 664-5367
Section 4.05. Severability of Provisions. If any one or
more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever, including
regulatory, held invalid, then such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
14
<PAGE>
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement.
Section 4.06. Successor and Assigns. The provisions of this
Agreement shall be binding upon and inure to the benefit of the
parties hereto and the respective successors and assigns of the
parties hereto; provided, however, that the rights under this
Agreement cannot be assigned by the Purchaser without the consent
of the Company.
Section 4.07. Article and Section Headings. The article
and section headings herein are for convenience of reference only
and shall not limit or otherwise affect the meaning hereof.
Section 4.08. Third Party Beneficiaries. The Trustee on
behalf of Certificateholders is the intended third party
beneficiary of this Agreement.
Section 4.09. Confidentiality. The Purchaser agrees that
all information supplied by or on behalf of the Company pursuant
to Section 2.01 or 2.02, including individual account
information, is the property of the Company and the Purchaser
agrees to use such information solely for the purposes set forth
in this Agreement and to hold such information confidential and
not to disclose such information.
Section 4.10. Indemnification. The Purchaser agrees to
indemnify and hold harmless the Company against any and all
losses, claims, damages or liabilities to which it may be
subject, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
actions taken by the Company in accordance with the provisions of
this Agreement and which actions conflict or are alleged to
conflict with the Company's obligations under the Pooling and
Servicing Agreement. The Purchaser hereby agrees to reimburse the
Company on demand for the reasonable legal or other expenses
incurred by it in connection with investigating or defending any
such loss, claim, damage, liability or action.
[Section 4.11. Delayed Effectiveness. The Purchaser agrees
that, notwithstanding any other provision of this Agreement, the
Purchaser shall have no rights hereunder, and the Company shall
have no obligations hereunder, until the Class Certificate
Principal Balance of the Class __-B5 Certificates has been
reduced to zero and any Special Servicing and Collateral Fund
Agreement between the Company and the Purchaser relating to such
Class B5 Certificates has been terminated.]
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
LOST NOTE AFFIDAVIT
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.
<PAGE>
5. A thorough and diligent search for the executed
original Mortgage Note was undertaken and was unsuccessful.
6. Attached hereto is a true and correct copy of the
Mortgage Note.
7. The Mortgage Note has not been endorsed by the
Company in any manner inconsistent with its transfer of the
Mortgage Loan under the Agreement.
8. 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)
<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
