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) December 30, 1997
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under the Pooling and
Servicing Agreement, dated as of December 1, 1997,
providing for the issuance of REMIC Multi-Class
Pass-Through Certificates, Series 1997-12)
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 December 30, 1997 GE Capital Mortgage Services, Inc.
("GECMSI") offered to investors certain classes of its REMIC
Multi-Class Pass-Through Certificates, Series 1997-12 (the
"Certificates") evidencing beneficial ownership interests in a
trust fund (the "Trust Fund"). The assets of the Trust Fund
consist primarily of a pool ("Pool 1997-12") 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
December 17, 1997 as supplemented by the Prospectus Supplement
dated December 18, 1997.
The original principal balance of each Class of the Certificates
is as follows:
Class A1 $310,000,000.00
Class A2 $150,452,227.00
Class A3 $16,633,813.00
Class A4 $17,157,119.00
Class A5 $62,129,252.00
Class A6 $61,819,168.00
Class PO $363,046.25
Class M $9,029,996.00
Class B1 $6,127,497.00
Class B2 $4,837,497.00
Class B3 $3,224,998.00
Class B4 $967,499.00
Class B5 $2,257,502.12
Class R $100.00
Class S (1)
---------------
Total : $644,999,714.37
===============
(1) The Class S Certificates are issued with an initial Notional
Principal Balance of $626,448,124.15 and shall bear interest
at the Strip Rate (as defined in the Pooling and Servicing
Agreement).
The initial Junior Percentage and initial Senior Percentage for
Pool 1997-12 are approximately 4.10% and 95.90%, respectively.
The initial Class A6 percentage is 9.59%. The "Bankruptcy Loss
Amount," the "Fraud Loss Amount" and the "Special Hazard Loss
Amount" for Pool 1997-12 as of the initial issuance of the
Certificates are $243,977, $6,449,997 and $6,449,997,
respectively, representing approximately 0.04%, 1.00%, and 1.00%,
respectively, of the aggregate Scheduled Principal Balances of
the Mortgage Loans as of December 1, 1997 (the "Cut-off Date").
2
<PAGE>
Description of the Mortgage Pool and the Mortgaged Properties
- -------------------------------------------------------------
Pool 1997-12
- ------------
Pool 1997-12 consists primarily of fixed-rate, fully-amortizing
conventional Mortgage Loans evidenced by Mortgage Notes which
have original maturities of 20 to 30 years and an aggregate
outstanding Scheduled Principal Balance as of the Cut-off Date,
after deducting payments of principal due on or before such date
and prepayments of principal received before such date, of
$644,999,714.37.
The interest rates (the "Mortgage Rates") borne by the 2,101
Mortgage Loans conveyed by GECMSI to Pool 1997-12 range from
6.8750% to 9.0000% and the weighted average Mortgage Rate as of
the Cut-off Date is 7.7392% per annum (all weighted averages in
this filing are weighted by aggregate outstanding Scheduled
Principal Balance as of the Cut-off Date). At origination, the
principal balances of the Mortgage Loans in Pool 1997-12 ranged
from $42,345.00 to $1,430,000.00, and, as of the Cut-off Date,
the average outstanding Scheduled Principal Balance of the
Mortgage Loans in Pool 1997-12 is $306,996.53, after application
of principal payments due on or before the Cut-off Date and
prepayments of principal received before such date. The earliest
origination date of any Mortgage Loan in Pool 1997- 12 is July
1993, and the latest scheduled maturity date of any such Mortgage
Loan is December 2027. The weighted average loan-to-value ratio
of the Mortgage Loans as of the Cut-off Date in Pool 1997-12 is
76.2721%.
3
<PAGE>
The Mortgage Loans in Pool 1997-12 have the following
characteristics as of the Cut-off Date.
a) The following table sets forth information, as of the Cut-off
Date, with respect to the Mortgage Rates borne by the Mortgage
Loans in Pool 1997-12:
AGGREGATE % OF
BALANCES POOL BY
MORTGAGE # OF AS OF AGGREGATE
RATES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
6.8750% 4 $1,000,646.61 0.1551%
7.0000% 16 $5,439,117.05 0.8433%
7.1250% 24 $7,598,023.80 1.1780%
7.2500% 81 $23,794,935.42 3.6891%
7.3750% 129 $38,321,539.37 5.9413%
7.5000% 251 $77,344,051.47 11.9913%
7.6250% 354 $111,043,031.19 17.2160%
7.6500% 1 $244,287.45 0.0379%
7.7500% 420 $131,639,732.71 20.4094%
7.8750% 412 $127,780,014.42 19.8109%
7.9900% 6 $1,564,412.92 0.2425%
8.0000% 189 $55,014,683.27 8.5294%
8.1250% 88 $26,192,283.90 4.0608%
8.2500% 73 $21,539,087.13 3.3394%
8.3750% 28 $9,724,854.53 1.5077%
8.5000% 18 $5,169,145.38 0.8014%
8.6250% 3 $738,412.25 0.1145%
8.7500% 2 $480,532.51 0.0745%
9.0000% 2 $370,922.99 0.0575%
---- --------------- ---------
Total 2,101 $644,999,714.37 100.0000%
4
<PAGE>
b) The following table sets forth information, as of the Cut-off
Date, with respect to the original principal balances of the
Mortgage Loans in Pool 1997-12 :
AGGREGATE % OF
BALANCES POOL BY
ORIGINAL # OF AS OF AGGREGATE
BALANCES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
$ 0 - 227,150 167 $25,154,608.23 3.8999%
$227,151 - 250,000 448 $107,536,292.25 16.6723%
$250,001 - 300,000 674 $184,717,880.74 28.6385%
$300,001 - 350,000 330 $107,323,036.80 16.6392%
$350,001 - 400,000 199 $74,753,623.89 11.5897%
$400,001 - 450,000 94 $40,046,827.37 6.2088%
$450,001 - 600,000 148 $75,643,617.52 11.7277%
$600,001 - 650,000 26 $16,459,506.40 2.5519%
$650,001 - 1,700,000 15 $13,364,321.17 2.0720%
---- --------------- ---------
Total 2,101 $644,999,714.37 100.0000%
The largest outstanding Scheduled Principal Balance of any
Mortgage Loan, as of the Cut-off Date, in Pool 1997-12 is
$1,427,314.86.
The smallest outstanding Scheduled Principal Balance of any
Mortgage Loan, as of the Cut-off Date, in Pool 1997-12 is
$42,292.18
c) The following table sets forth information, as of the Cut-off
Date, with respect to the years of origination of the
Mortgage Loans in Pool 1997-12:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
1993 2 $545,636.14 0.0846%
1994 4 $1,188,068.33 0.1842%
1996 3 $876,079.89 0.1358%
1997 2092 $642,389,930.01 99.5954%
---- --------------- ---------
Total 2,101 $644,999,714.37 100.0000%
5
<PAGE>
d) The following table sets forth information, as of the
Cut-off Date, with respect to the loan-to-value ratios of
the Mortgage Loans at origination in Pool 1997-12:
LOAN- AGGREGATE % OF
TO-VALUE BALANCES POOL BY
RATIO AT # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
00.000 - 50.00 55 $19,405,157.81 3.0086%
50.001 - 60.00 97 $32,163,280.25 4.9866%
60.001 - 70.00 257 $87,817,972.38 13.6152%
70.001 - 75.00 291 $98,385,880.70 15.2536%
75.001 - 80.00 989 $295,343,944.99 45.7896%
80.001 - 85.00 49 $13,469,881.63 2.0884%
85.001 - 90.00 237 $67,344,781.60 10.4411%
90.001 - 95.00 126 $31,068,815.01 4.8169%
95.001 - 100.00 0 $0.00 0.0000%
---- --------------- ---------
Total 2,101 $644,999,714.37 100.0000%
e) The following table sets forth information, as of the Cut-off
Date, with respect to the type of Mortgaged Properties
securing the Mortgage Loans in Pool 1997-12:
AGGREGATE % OF
BALANCES POOL BY
TYPE OF # OF AS OF AGGREGATE
DWELLING LOANS CUT-OFF DATE BALANCE
- -------- ----- ------------ ---------
Single-family
detached 1,962 $603,940,848.63 93.6343%
Single-family
attached 46 $14,566,876.10 2.2584%
Condominium 70 $19,210,443.94 2.9784%
2 - 4 Family Units 23 $7,281,545.70 1.1289%
---- --------------- ---------
Total 2,101 $644,999,714.37 100.0000%
f) The following table sets forth information, as of the Cut-off
Date, with respect to the occupancy status of the Mortgaged
Properties securing the Mortgage Loans as represented by the
mortgagors at origination in Pool 1997-12:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
OCCUPANCY LOANS CUT-OFF DATE BALANCE
- --------- ----- ------------ ---------
Owner Occupied 2049 $631,856,136.25 97.9622%
Vacation 32 $9,044,516.81 1.4023%
Investment 20 $4,099,061.31 0.6355%
---- --------------- ---------
Total 2,101 $644,999,714.37 100.0000%
6
<PAGE>
g) The following table sets forth information, as of the Cut-off
Date, with respect to the geographic distribution of the
Mortgaged Properties securing the Mortgage Loans in Pool
1997-12:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
STATE LOANS CUT-OFF DATE BALANCE
- ----- ----- ------------ ---------
Alaska 1 $280,000.00 0.0434%
Alabama 4 $1,353,276.12 0.2098%
Arkansas 1 $252,821.43 0.0392%
Arizona 42 $11,710,506.30 1.8156%
California 991 $318,688,906.96 49.4092%
Colorado 55 $16,024,594.66 2.4844%
Connecticut 32 $11,551,466.74 1.7909%
District of Columbia 10 $3,352,157.35 0.5197%
Delaware 2 $575,245.98 0.0892%
Florida 38 $11,171,581.32 1.7320%
Georgia 43 $12,571,473.76 1.9491%
Hawaii 8 $2,550,657.63 0.3955%
Iowa 7 $2,333,575.90 0.3618%
Illinois 79 $23,093,075.31 3.5803%
Indiana 6 $1,542,917.80 0.2392%
Kansas 1 $359,745.91 0.0558%
Kentucky 6 $1,610,141.93 0.2496%
Louisiana 5 $1,498,396.71 0.2323%
Massachusetts 90 $26,139,108.16 4.0526%
Maryland 88 $25,907,642.28 4.0167%
Maine 3 $721,656.06 0.1119%
Michigan 9 $2,593,096.52 0.4020%
Minnesota 31 $9,289,354.10 1.4402%
Missouri 6 $1,721,115.44 0.2668%
North Carolina 23 $7,005,140.13 1.0861%
Nebraska 2 $498,357.06 0.0773%
New Hampshire 10 $3,095,412.75 0.4799%
New Jersey 78 $25,352,029.21 3.9305%
New Mexico 5 $2,040,473.00 0.3164%
Nevada 10 $3,141,868.45 0.4871%
New York 34 $11,365,781.09 1.7621%
Ohio 28 $8,960,379.48 1.3892%
Oklahoma 9 $2,432,672.29 0.3772%
Oregon 9 $2,278,421.82 0.3532%
Pennsylvania 54 $16,574,321.32 2.5697%
Rhode Island 3 $833,988.96 0.1293%
South Carolina 5 $1,397,122.04 0.2166%
Tennessee 3 $707,054.59 0.1096%
Texas 120 $28,738,565.33 4.4556%
Utah 11 $2,839,076.37 0.4402%
Virginia 82 $23,510,416.28 3.6450%
Vermont 5 $1,611,698.12 0.2499%
Washington 38 $10,798,541.14 1.6742%
Wisconsin 14 $4,925,880.57 0.7637%
---- --------------- ---------
Total 2,101 $644,999,714.37 100.0000%
7
<PAGE>
h) The following table sets forth information, as of the Cut-off
Date, with respect to the maturity dates of the Mortgage
Loans in Pool 1997-12:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2017 7 $1,927,269.95 0.2988%
2022 8 $2,269,576.60 0.3519%
2023 3 $862,753.79 0.1338%
2024 4 $1,078,894.44 0.1673%
2025 1 $255,636.58 0.0396%
2026 7 $2,695,515.33 0.4179%
2027 2071 $635,910,067.68 98.5907%
---- --------------- ---------
Total 2,101 $644,999,714.37 100.0000%
The weighted average scheduled remaining term to maturity of the
Mortgage Loans in Pool 1997-12 calculated as of the Cut-off Date
is 358 months.
i) The following table sets forth information, as of the Cut-off
Date, with respect to the purpose of the Mortgage Loans in
Pool 1997-12:
AGGREGATE % OF
BALANCES POOL BY
PURPOSE # OF AS OF AGGREGATE
OF LOAN LOANS CUT-OFF DATE BALANCE
- ------- ----- ------------ ---------
Purchase 1188 $351,627,154.91 54.5158%
Rate Term/Refinance 760 $245,469,358.39 38.0573%
Cash-out Refinance 153 $47,903,201.07 7.4269%
---- --------------- ---------
Total 2,101 $644,999,714.37 100.0000%
8
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND
EXHIBITS.
1.1 The Underwriting Agreement, dated as of December 18, 1997,
and the related Terms Agreement, dated as of December 18,
1997, for certain of the Series 1997-12 Certificates
between GE Capital Mortgage Services, Inc. and NationsBanc
Montgomery Securities, Inc.
1.2 The Underwriting Agreement, dated as of March 21, 1996,
and the related Terms Agreement, dated as of December 18,
1997, for certain of the Series 1997-12 Certificates
between GE Capital Mortgage Services, Inc. and Donaldson,
Lufkin & Jenrette Securities Corporation.
4.1 The Pooling and Servicing Agreement for the Series 1997-12
Certificates, dated as of December 1, 1997, between GE
Capital Mortgage Services, Inc., as seller and servicer,
and State Street Bank and Trust Company, as trustee.
9
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE Capital Mortgage Services, Inc.
By: /s/ Syed W. Ali
---------------------------
Name: Syed W. Ali
Title: Vice President
Dated as of December 30, 1997
10
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE Capital Mortgage Services, Inc.
By:
---------------------------
Name: Syed W. Ali
Title: Vice President
Dated as of December 30, 1997
11
<PAGE>
EXHIBIT INDEX
The exhibits are being filed herewith:
- --------------------------------------------------------------------------
EXHIBIT NO. DESCRIPTION PAGE
- --------------------------------------------------------------------------
1.1 1.1 The Underwriting Agreement,
dated as of December 18, 1997,
and the related Terms Agreement,
dated as of December 18, 1997,
for certain of the Series 1997-12
Certificates between GE Capital
Mortgage Services, Inc. and
NationsBanc Montgomery
Securities, Inc.
1.2 1.2 The Underwriting Agreement,
dated as of March 21, 1996, and
the related Terms Agreement,
dated as of December 18, 1997,
for certain of the Series 1997-12
Certificates between GE Capital
Mortgage Services, Inc. and
Donaldson, Lufkin & Jenrette
Securities Corporation.
4.1 The Pooling and Servicing
Agreement for the Series 1997-12
Certificates, dated as of December
1, 1997, between GE Capital
Mortgage Services, Inc., as seller
and servicer, and State Street
Bank and Trust Company, as
trustee.
- --------------------------------------------------------------------------
12
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
----------------------
NationsBanc Montgomery Charlotte, North Carolina
Securities, Inc. December 18, 1997
NationsBank Corporate Center
100 North Tryon Street
Charlotte, North Carolina 28255-0065
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
<PAGE>
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
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
- 2 -
<PAGE>
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
"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
- 3 -
<PAGE>
thereof or supplement thereto, incorporated by
reference in such Registration Statement or such
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).
- 4 -
<PAGE>
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
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
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<PAGE>
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 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
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<PAGE>
of the related Prospectus Supplement the Underwriter has
delivered to any prospective investor a Collateral Term
Sheet that reflects, in the reasonable judgment of the
Underwriter and the Company, a material change in the
characteristics of the Mortgage Loans 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
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<PAGE>
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
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
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<PAGE>
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 (g) 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:
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<PAGE>
(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;
(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
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<PAGE>
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 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
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<PAGE>
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 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.
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<PAGE>
(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
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
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<PAGE>
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 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;
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<PAGE>
(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
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;
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<PAGE>
(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 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
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<PAGE>
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 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
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<PAGE>
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.
(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
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<PAGE>
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 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
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<PAGE>
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
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
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<PAGE>
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
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
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<PAGE>
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
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
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<PAGE>
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 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
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<PAGE>
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; 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.
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<PAGE>
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Computational
Materials or Structural Term Sheets (or any written or electronic
materials on which the Computational Materials are based)
included or will include any untrue statement resulting directly
from any Mortgage Pool Error (except any Corrected Mortgage Pool
Error, with respect to materials prepared after the receipt by
the Underwriter from the Company of notice of such Corrected
Mortgage Pool Error or materials superseding or correcting such
Corrected Mortgage Pool Error).
(c) The Underwriter shall cause a firm of public
accountants to furnish to the Company a letter, dated as of the
date on which the Underwriter delivers any Computational
Materials (which term shall be deemed to include, for purposes of
this paragraph (c), calculated statistical information delivered
to prospective investors in the form of a Structural Term Sheet)
to the Company pursuant to Section 8(a), in form and substance
satisfactory to the Company, stating in effect that they have
verified the mathematical accuracy of any calculations performed
by the Underwriter and set forth in such Computational Materials.
(d) The Underwriter acknowledges and agrees that any
Computational Materials or Structural Term Sheets with respect to
Series 1997-12 and any subsequent Series of Certificates as 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
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<PAGE>
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, that
the Underwriter makes no representation or warranty as to whether
any such amendment or supplement will include any untrue
statement resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to any such
amendment or supplement prepared after the receipt by the
Underwriter from the Company of notice of such Corrected Mortgage
Pool Error or materials superseding or correcting such Corrected
Mortgage Pool Error). The Company shall have no obligation to
file such amendment or supplement if the Company determines that
(i) such amendment or supplement contains any untrue statement of
a material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (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
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<PAGE>
prior such delivery with respect to the related Series, shall
indicate whether such materials differ in any material respect
from any Collateral Term Sheets previously delivered to the
Company with respect to such Series pursuant to this Section 9(a)
as a result of the occurrence of a material change in the
characteristics of the related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the
Company that are required to be filed with the Commission
as "Collateral Term Sheets" with respect to the related
Offered Certificates in accordance with the PSA Letter, and
such Collateral Term Sheets comply with the requirements of
the PSA Letter; 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
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<PAGE>
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
Form 8-K. The Underwriter agrees that it will not represent to
prospective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Collateral Term Sheets provided by
the Underwriter pursuant to this Section 9 or the omission to
state therein a material fact required, when considered in
conjunction with the related Prospectus and Prospectus
Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Prospectus and Prospectus Supplement, not misleading, or if it
shall be necessary to amend or supplement any Current Report
relating to any Collateral Term Sheets to comply with the Act or
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
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<PAGE>
shall be subject to termination in the absolute discretion of the
Underwriter, by notice given to the Company prior to delivery of
and payment for the related Offered Certificates, if prior to the
related Closing Date (i) trading in securities generally on the
New York Stock Exchange shall have been suspended or materially
limited, (ii) a general moratorium on commercial banking
activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred
any outbreak or material escalation of hostilities or other
calamity or crisis the effect of which on the financial markets
of the United States is such as to make it, in the reasonable
judgment of the Underwriter, impracticable to market such Offered
Certificates.
11. Representations and Indemnities to Survive
Delivery. The agreements, representations, warranties,
indemnities and other statements of the Company or its officers
and of the Underwriter set forth in or made pursuant to this
Agreement and the related Terms Agreement will remain in full
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.
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<PAGE>
15. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
Underwriter, will be delivered to it at the address first above
written; or if sent to the Company, will be delivered to GE
Capital Mortgage Services, Inc., Three Executive Campus, Cherry
Hill, New Jersey 08002, Attention: General Counsel.
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<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Company and the Underwriter.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By:________________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date first above written.
NATIONSBANC MONTGOMERY SECURITIES, 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 [ ], 1997
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08002
NationsBanc Montgomery Securities, 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,
NATIONSBANC MONTGOMERY SECURITIES, 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 1997-12
TERMS AGREEMENT
---------------
(to Underwriting Agreement
dated December 18, 1997,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus December 18, 1997
Cherry Hill, NJ 08002
NationsBanc Montgomery Securities, 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 1997-12
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
1997-12 Certificates are registered with the Securities and
Exchange Commission by means of an effective Registration
Statement (No. 333-24935). Capitalized terms used and not defined
herein have the meanings given them in the Underwriting
Agreement.
Section 1. The Mortgage Pool: The Series 1997-12
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 December 1, 1997 (the "Cut-off
Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$644,999,714 aggregate principal balance as of the Cut-off
Date, subject to a permitted variance such that the
aggregate original Certificate Principal Balance will be
not less than $617,500,000 or greater than $682,500,000.
(b) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans included
in the Mortgage Pool shall be between 20 and 30 years.
<PAGE>
Section 2. The Certificates: The Offered Certificates
shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a):
Class
Purchase
Principal Interest Price
Class Balance Rate Percentage
----- --------- -------- ----------
Class A1 $310,000,000.00 7.00% 99.002758%
Class A2 150,452,227.00 7.00 99.002758
Class A3 16,633,813.00 7.00 99.002758
Class A4 17,157,119.00 7.00 99.002758
Class A5 62,129,252.00 7.00 99.002758
Class A6 61,819,168.00 7.00 99.002758
Class R 100.00 7.00 99.002758
(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, December 30,
1997 (the "Closing Date").
Section 4. Required Ratings: The Offered Certificates
shall have received Required Ratings of "AAA" from Fitch IBCA,
Inc., and Standard & Poor's Rating Services, a division of The
McGraw-Hill Companies, Inc.
Section 5. Tax Treatment: One or more elections will
be made to treat the assets of the Trust Fund as a REMIC.
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,
NATIONSBANC MONTGOMERY
SECURITIES, INC.
By:_____________________________
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By:________________________________
Name:
Title:
3
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
Donaldson, Lufkin & Jenrette New York, New York
Securities Corporation March 21, 1996
277 Park Avenue
New York, New York 10172
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale to you (the "Underwriter")
from time to time its Pass-Through Certificates evidencing
interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each
series, in one or more classes, in one or more offerings on terms
determined at the time of sale (each such series, a "Series" and
each such class, a "Class"). Each Series of the Certificates will
be issued under a separate Pooling and Servicing Agreement (each,
a "Pooling and Servicing Agreement") to be dated as of the
respective cut-off date (each, a "Cut-off Date") between the
Company, as seller and servicer, and State Street Bank and Trust
Company, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the
related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of a pool of conventional, fixed
rate, first lien, fully amortizing, one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
original terms to maturity specified in the related Terms
Agreement referred to hereinbelow. If so specified in the related
Terms Agreement, one or more elections may be made to treat the
assets of each Trust Fund as a real estate mortgage investment
conduit (each, a "REMIC") for federal income tax purposes.
<PAGE>
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
Agreement through you, it will enter into an agreement with you
(the "Terms Agreement") providing for the sale of specified
Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you. Each such
Certificate Offering which the Company elects to make pursuant to
this Agreement shall be governed by this Agreement, as
supplemented by the related Terms Agreement. Each Terms
Agreement, which shall be substantially in the form of Exhibit A
hereto, shall specify, among other things, the Classes of
Certificates to be purchased by the Underwriter (the "Offered
Certificates"), the principal balance or balances of the Offered
Certificates, each subject to any stated variance, and the price
or prices at which such Offered Certificates are to be purchased
by the Underwriter from the Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriter, as of
the date of the related Terms Agreement, that:
(i) The registration statement specified
in the related Terms Agreement, on Form S-3, including
a prospectus, has been filed with the Securities and
Exchange Commission (the "Commission") for the
registration under the Securities Act of 1933, as
amended (the "Act"), of pass-through certificates
issuable in series, which registration statement has
been declared effective by the Commission. Such
registration statement, as amended to the date of the
related Terms Agreement, including any documents
incorporated by reference therein pursuant to Item 12
of Form S-3 under the Act which were filed under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), on or before the effective date of
the Registration Statement, is hereinafter called the
"Registration Statement," and such prospectus, as such
prospectus is supplemented by a prospectus supplement
relating to the Offered Certificates of the related
Series, each in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b)
under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3
under the Act which were filed under the Exchange Act
on or before the date of such Prospectus Supplement
(other than any such incorporated documents that
relate to Collateral Term Sheets (as defined herein))
(such prospectus supplement, including such
incorporated documents (other than those that relate
to Collateral Term Sheets), in the form first filed
after the date of the related Terms Agreement pursuant
to Rule 424(b) is
- 2 -
<PAGE>
hereinafter called the "Prospectus Supplement"), is
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
(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
- 6 -
<PAGE>
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(d) 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, 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 the Agreement and any letter furnished pursuant to
the last sentence of Section 6(h) hereof 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 executed and delivered by the
Company under the law of the State of New York;
(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;
- 9 -
<PAGE>
(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 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
- 10 -
<PAGE>
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
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
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<PAGE>
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 laws of the
State of New York and the federal laws 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:
(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;
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<PAGE>
(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
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.
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<PAGE>
(d) The Underwriter shall have received from
Brown & Wood, counsel for the Underwriter, such opinion or
opinions, dated the related Closing Date, with respect to
the issuance and sale of the Certificates of the related
Series, the related Registration Statement, the related
Prospectus and such other related matters as the
Underwriter may reasonably require, and the Company shall
have furnished to such counsel such documents as the
Underwriter may reasonably request for the purpose of
enabling them to pass upon such matters.
(e) The Company shall have furnished to the
Underwriter a certificate of the Company, signed by the
President or any Vice President and the Senior Vice
President-Finance or the principal financial or accounting
officer of the Company, dated the related Closing Date, to
the effect that the signers of such certificate have
carefully examined the related Registration Statement
(excluding any Current Reports and any other documents
incorporated by reference therein), the related Prospectus,
the Detailed Description referred to in such Prospectus
(excluding any related Current Report), this Agreement and
the related Terms Agreement and that:
(i) the representations and warranties of
the Company in this Agreement are true and correct in
all material respects on and as of the related Closing
Date with the same effect as if made on such Closing
Date, and the Company has complied with all the
agreements and satisfied all the conditions on its
part to be performed or satisfied at or prior to such
Closing Date;
(ii) no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or, to their knowledge, threatened; and
(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
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<PAGE>
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
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,
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<PAGE>
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 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
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<PAGE>
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 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
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<PAGE>
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
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
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<PAGE>
Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement relating to the
Offered Certificates of the applicable Series as it became
effective or in any amendment or supplement thereof, or in such
Registration Statement or the related Prospectus, or in any
amendment thereof, or in the Detailed Description referred to in
such Prospectus or arise out of or are based upon the omission or
alleged omission (in the case of any Computational Materials and
ABS Term Sheets (as defined in Section 9 below) in respect of
which the Company agrees to indemnify the Underwriter, as set
forth below, when such are read in conjunction with the related
Prospectus and Prospectus Supplement) to state therein a material
fact required to be stated therein or necessary to make the
statements therein not misleading, and agrees to reimburse each
such indemnified party for any legal or other expenses reasonably
incurred by them in connection with investigating or defending
any such loss, claim, damage, liability or action; provided,
however, that (i) the Company will not be liable in any such case
to the extent that any such loss, claim, damage or liability
arises out of or is based upon any such untrue statement or
alleged untrue statement or omission or alleged omission made
therein (A) in reliance upon and in conformity with written
information furnished to the Company as herein stated by or on
behalf of the Underwriter specifically for use in connection with
the preparation thereof or (B) in any Current Report or any
amendment or supplement thereof, except to the extent that any
untrue statement or alleged untrue statement therein or omission
therefrom results (or is alleged to have resulted) directly from
an error (a "Mortgage Pool Error") in the information concerning
the characteristics of the Mortgage Loans furnished by the
Company to the Underwriter in writing or by electronic
transmission that was used in the preparation of either (x) any
Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic
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
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<PAGE>
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.
(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
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
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<PAGE>
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)
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
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<PAGE>
but is for any reason held by a court to be unavailable from the
Company or the Underwriter, on grounds of policy or otherwise, or
if the indemnified party failed to give notice under paragraph
(c) of this Section 7 in respect of a claim otherwise subject to
indemnification in accordance with paragraph (a) or (b) of this
Section 7, the Company and the Underwriter shall contribute to
the aggregate losses, claims, damages and liabilities (including
legal and other expenses reasonably incurred in connection with
investigating or defending same) to which the Company and the
Underwriter may be subject, as follows:
(i) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which do not
arise out of or are not based upon any untrue statement or
omission of a material fact in any Computational Materials
or ABS Term Sheets (or any amendments or supplements
thereof), in such proportion so that the Underwriter is
responsible for that portion represented by the difference
between the proceeds to the Company in respect of the
Offered Certificates appearing on the cover page of the
Prospectus Supplement for the related Series and the total
proceeds received by the Underwriter from the sale of such
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however,
that in no case shall the Underwriter be responsible under
this subparagraph (i) for any amount in excess of such
Underwriting Discount applicable to the Offered
Certificates purchased by the Underwriter pursuant to this
Agreement and the related Terms Agreement; and
(ii) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which arise out
of or are based upon any untrue statement or omission of a
material fact in any Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof) or in any
written or electronic materials on which the Computational
Materials are based, in such proportion as is appropriate
to reflect the relative fault of the Company on the one
hand and the Underwriter on the other in connection with
the 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
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<PAGE>
information and opportunity to correct or prevent such
statement or omission.
Notwithstanding anything to the contrary in this Section 7(d), no
person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 7, each person
who controls the Underwriter within the meaning of either the Act
or the Exchange Act shall have the same rights to contribution as
the Underwriter, and each person who controls the Company within
the meaning of either the Act or the Exchange Act, each officer
of the Company who shall have signed the Registration Statement
and each director of the Company shall have the same rights to
contribution as the Company, subject in each case to the
immediately preceding sentence of this paragraph (d).
8. Computational Materials and Structural Term Sheets.
(a) Not later than 10:30 a.m., New York time, on the business day
before the date on which the Current Report relating to the
Offered Certificates of a Series is required to be filed by the
Company with the Commission pursuant to Section 5(b) hereof, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in such Offered Certificates which constitute (i)
"Computational Materials" within the meaning of the no-action
letter dated May 20, 1994 issued by the Division of Corporation
Finance of the Commission to Kidder, Peabody Acceptance
Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder
Structured Asset Corporation and the no-action letter dated May
27, 1994 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (together, the
"Kidder Letters"), the filing of which material is a condition of
the relief granted in such letter (such materials being the
"Computational Materials"), and (ii) "Structural Term Sheets"
within the meaning of the no-action letter dated February 17,
1995 issued by the Division of Corporation Finance of the
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:
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(i) the Computational Materials furnished to the
Company pursuant to Section 8(a) constitute (either in
original, aggregated or consolidated form) all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission with respect to the related Offered
Certificates in accordance with the Kidder Letters,
and such Computational Materials comply with the
requirements of the Kidder Letters;
(ii) the Structural Term Sheets furnished to the
Company pursuant to Section 8(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission as "Structural Term Sheets" with respect to
the related Offered Certificates in accordance with
the PSA Letter, and such Structural Term Sheets comply
with the requirements of the PSA Letter;
(iii) on the date any such Computational Materials
or Structural Term Sheets with respect to such Offered
Certificates (or any written or electronic materials
furnished to prospective investors on which the
Computational Materials are based) were last furnished
to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section
8(a) and on the related Closing Date, such
Computational Materials (or such other materials) or
Structural Term Sheets did not and will not include
any untrue statement of a material fact or, when read
in conjunction with the related Prospectus and
Prospectus Supplement, omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading;
(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, from and after January 26, 1996, 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(c); 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
- 24 -
<PAGE>
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
Mortgage Pool Error or materials superseding or correcting such
Corrected Mortgage Pool Error).
(c) 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.
(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 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
- 25 -
<PAGE>
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading. 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
- 26 -
<PAGE>
prior such delivery with respect to the related Series, shall
indicate whether such materials differ in any material respect
from any Collateral Term Sheets previously delivered to the
Company with respect to such Series pursuant to this Section 9(a)
as a result of the occurrence of a material change in the
characteristics of the related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the
Company that are required to be filed with the Commission
as "Collateral Term Sheets" with respect to the related
Offered Certificates in accordance with the PSA Letter, and
such Collateral Term Sheets comply with the requirements of
the PSA Letter;
(ii) On the date any such Collateral Term
Sheets with respect to such Offered Certificates were last
furnished to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section 9(a)
and on the related Closing Date, such Collateral Term
Sheets did 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(c).
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
- 27 -
<PAGE>
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(c) hereof, and to the effect
that the information contained in such materials supersedes the
information contained in any prior Collateral Term Sheet with
respect to such Series of Offered Certificates and will be
superseded by the description of the related Mortgage Loans in
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
Form 8-K. The Underwriter agrees that it will not represent to
prospective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Collateral Term Sheets provided by
the Underwriter pursuant to this Section 9 or the omission to
state therein a material fact required, when considered in
conjunction with the related Prospectus and Prospectus
Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Prospectus and Prospectus Supplement, not misleading, or if it
shall be necessary to amend or supplement any Current Report
relating to any Collateral Term Sheets to comply with the Act or
the rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, that
the Underwriter makes no representation or warranty as to whether
any such amendment or supplement will include any untrue
statement resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to any such
amendment or supplement prepared after the receipt by the
Underwriter from the Company of notice of such Corrected Mortgage
Pool Error or materials superseding or correcting such Corrected
Mortgage Pool Error). The Company shall have no obligation to
file such amendment or supplement if the Company determines that
(i) such amendment or supplement contains any untrue statement of
a material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
- 28 -
<PAGE>
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (d) or (ii) such filing is not required under the
Act.
10. Termination. This Agreement (with respect to a
particular Certificate Offering) and the related Terms Agreement
shall be subject to termination in the absolute discretion of the
Underwriter, by notice given to the Company prior to delivery of
and payment for the related Offered Certificates, if prior to the
related Closing Date (i) trading in securities generally on the
New York Stock Exchange shall have been suspended or materially
limited, (ii) a general moratorium on commercial banking
activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred
any outbreak or material escalation of hostilities or other
calamity or crisis the effect of which on the financial markets
of the United States is such as to make it, in the reasonable
judgment of the Underwriter, impracticable to market such Offered
Certificates.
11. Representations and Indemnities to Survive
Delivery. The agreements, representations, warranties,
indemnities and other statements of the Company or its officers
and of the Underwriter set forth in or made pursuant to this
Agreement and the related Terms Agreement will remain in full
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
- 29 -
<PAGE>
Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written
agreement made by the party against whom enforcement of the
change, waiver, discharge or termination is sought. The headings
in this Agreement and the related Terms Agreement are for
purposes of reference only and shall not limit or otherwise
affect the meaning hereof or thereof.
15. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
Underwriter, will be delivered to it at the address first above
written; or if sent to the Company, will be delivered to GE
Capital Mortgage Services, Inc., Three Executive Campus, Cherry
Hill, New Jersey 08002, Attention: General Counsel.
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Company and the Underwriter.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By:
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
DONALDSON, LUFKIN & JENRETTE
SECURITIES CORPORATION
By:
Name:
Title:
- 31 -
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
(to Underwriting Agreement,
dated March [ ], 1996
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08034
Donaldson, Lufkin & Jenrette Securities Corporation
(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,
DONALDSON, LUFKIN & JENRETTE
SECURITIES CORPORATION
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 1997-12
TERMS AGREEMENT
(to Underwriting Agreement,
dated March 21, 1996,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus December 18, 1997
Cherry Hill, NJ 08002
Donaldson, Lufkin & Jenrette Securities Corporation
(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
1997-12 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 1997-12 Certificates are registered with the
Securities and Exchange Commission by means of an effective
Registration Statement (No. 333-24935). Capitalized terms used
and not defined herein have the meanings given them in the
Underwriting Agreement.
Section 1. The Mortgage Pool: The Series 1997-12
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 December 1, 1997 (the "Cut-off
Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$644,999,714 aggregate principal balance as of the Cut-off
Date, subject to a permitted variance such that the
aggregate original Certificate Principal Balance will be
not less than $617,500,000 or greater than $682,500,000.
(b) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans included
in the Mortgage Pool shall be between 20 and 30 years.
<PAGE>
Section 2. The Certificates: The Offered Certificates
shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a):
Class
Purchase
Principal Interest Price
Class Balance Rate Percentage
----- ------- ---- ----------
Class M $9,029,996.00 7.00% 99.474200%
Class B1 6,127,497.00 7.00 98.753300
Class B2 4,837,497.00 7.00 96.568600
(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, December 30,
1997 (the "Closing Date").
Section 4. Required Ratings: The Class M, Class B1 and
Class B2 Certificates, shall have received Required Ratings of at
least "AA," "A" and "BBB," respectively, from Fitch IBCA, Inc.
Section 5. Tax Treatment: One or more elections will
be made to treat the assets of the Trust Fund as a REMIC.
2
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
DONALDSON, LUFKIN & JENRETTE
SECURITIES CORPORATION
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 December 1, 1997
_______________________________________
REMIC Multi-Class Pass-Through Certificates,
Series 1997-12
___________________________________________________________________
<PAGE>
Section Page
- ------- ----
TABLE OF CONTENTS
-----------------
ARTICLE I
DEFINITIONS
1.01. Definitions.............................................. 1
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
2.01. Conveyance of Mortgage Loans............................. 38
2.02. Acceptance by Trustee.................................... 41
2.03. Representations and Warranties of the Company;
Mortgage Loan Repurchase................................. 42
2.04. Execution of Certificates................................ 48
2.05. Designations under the REMIC Provisions.................. 48
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
3.01. Company to Act as Servicer............................... 49
3.02. Collection of Certain Mortgage Loan Payments;
Mortgage Loan Payment Record; Certificate Account........ 55
3.03. Collection of Taxes, Assessments and Other Items......... 58
3.04. Permitted Debits to the Mortgage Loan Payment Record..... 58
3.05. Maintenance of the Primary Insurance Policies............ 60
3.06. Maintenance of Hazard Insurance.......................... 61
3.07. Assumption and Modification Agreements................... 61
3.08. Realization Upon Defaulted Mortgage Loans................ 62
3.09. Trustee to Cooperate; Release of Mortgage Files.......... 66
3.10. Servicing Compensation; Payment of Certain Expenses
by the Company........................................... 67
3.11. Reports to the Trustee; Certificate
Account Statements....................................... 67
3.12. Annual Statement as to Compliance........................ 68
3.13. Annual Independent Public Accountants'
Servicing Report......................................... 68
3.14. Access to Certain Documentation and Information
Regarding the Mortgage Loans............................. 69
3.15. Maintenance of Certain Servicing Policies................ 69
3.16. Optional Purchase of Defaulted Mortgage Loans............ 69
i
<PAGE>
Section Page
- ------- ----
ARTICLE IV
PAYMENTS AND STATEMENTS
4.01. Distributions............................................ 69
4.02. Method of Distribution................................... 74
4.03. Allocation of Losses..................................... 76
4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans........................................... 78
4.05. Statements to Certificateholders......................... 79
4.06. Servicer's Certificate................................... 81
4.07. Reports of Foreclosures and Abandonments of
Mortgaged Property....................................... 81
4.08. Reduction of Servicing Fees by Compensating
Interest Payments........................................ 82
ARTICLE V
THE CERTIFICATES
5.01. The Certificates......................................... 82
5.02. Registration of Transfer and Exchange of Certificates.... 84
5.03. Mutilated, Destroyed, Lost or Stolen Certificates........ 91
5.04. Persons Deemed Owners.................................... 91
5.05. Access to List of Certificateholders' Names
and Addresses............................................ 92
5.06. Representation of Certain Certificateholders............. 92
5.07. Determination of COFI.................................... 92
5.08. Determination of LIBOR................................... 93
ARTICLE VI
THE COMPANY
6.01. Liability of the Company................................. 95
6.02. Merger or Consolidation of, or Assumption of the
Obligations of, the Company.............................. 95
6.03. Assignment............................................... 95
6.04. Limitation on Liability of the Company and Others........ 96
6.05. The Company Not to Resign................................ 97
ii
<PAGE>
Section Page
- ------- ----
ARTICLE VII
DEFAULT
7.01. Events of Default........................................ 97
7.02. Trustee to Act; Appointment of Successor................. 99
7.03. Notification to Certificateholders...................... 100
ARTICLE VIII
THE TRUSTEE
8.01. Duties of Trustee........................................100
8.02. Certain Matters Affecting the Trustee....................101
8.03. Trustee Not Liable for Certificates or Mortgage Loans....103
8.04. Trustee May Own Certificates.............................103
8.05. The Company to Pay Trustee's Fees and Expenses...........103
8.06. Eligibility Requirements for Trustee.....................104
8.07. Resignation or Removal of Trustee........................104
8.08. Successor Trustee........................................105
8.09. Merger or Consolidation of Trustee.......................106
8.10. Appointment of Co-Trustee or Separate Trustee............106
8.11. Compliance with REMIC Provisions; Tax Returns............107
ARTICLE IX
TERMINATION
9.01. Termination upon Repurchase by the Company or
Liquidation of All Mortgage Loans........................108
9.02. Additional Termination Requirements......................109
ARTICLE X
MISCELLANEOUS PROVISIONS
10.01. Amendment...............................................110
10.02. Recordation of Agreement................................111
10.03. Limitation on Rights of Certificateholders..............112
10.04. Governing Law...........................................113
10.05. Notices.................................................113
10.06. Notices to the Rating Agencies..........................113
10.07. Severability of Provisions..............................114
10.08. Certificates Nonassessable and Fully Paid...............114
iii
<PAGE>
Section Page
- ------- ----
Exhibits
--------
EXHIBIT A Forms of Certificates
EXHIBIT B Principal Balance Schedules
EXHIBIT C Mortgage Loans
EXHIBIT D Form of Servicer's Certificate
EXHIBIT E Form of Transfer Certificate as to
ERISA Matters for Definitive
ERISA-Restricted Certificates
EXHIBIT F Form of Residual Certificate
Transferee Affidavit
EXHIBIT G Form of Residual Certificate
Transferor Letter
EXHIBIT H Additional Servicer Compensation
EXHIBIT I Form of Investment Letter for
Definitive Restricted Certificates
EXHIBIT J Form of Distribution Date
Statement
EXHIBIT K Form of Special Servicing and
Collateral Fund Agreement
EXHIBIT L Form of Lost Note Affidavit and
Agreement
EXHIBIT M Schedule of Designated Loans
iv
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of
December 1, 1997, between GE CAPITAL MORTGAGE SERVICES, INC., a
corporation organized and existing under the laws of the State of
New Jersey, and STATE STREET BANK AND TRUST COMPANY, a
Massachusetts banking corporation, as Trustee.
W I T N E S S E T H T H A T :
- - - - - - - - - - - - - - -
In consideration of the mutual agreements herein
contained, GE Capital Mortgage Services, Inc. and State Street
Bank and Trust Company agree as follows:
ARTICLE I
DEFINITIONS
Section 1.01. Definitions. Whenever used in this
Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings:
Accretion Directed Certificate: None.
Accretion Termination Date: None.
Accrual Amount: As to any Class of Accrual
Certificates and any Accrual Component and each
Distribution Date through the related Accretion Termination
Date, the sum of (x) any amount of Accrued Certificate
Interest allocable to such Class or Component pursuant to
Section 4.01(a)(i) on such Distribution Date and (y) any
amount of Unpaid Class Interest Shortfall allocable to such
Class or Component pursuant to Section 4.01(a)(ii) on such
Distribution Date, to the extent that such amounts are
distributed to any Accretion Directed Certificates pursuant
to Section 4.01(e). As to any Class of Accrual Certificates
and any Accrual Component and each Distribution Date after
the related Accretion Termination Date, zero.
Accrual Certificates: None.
Accrual Component: None.
Accrued Certificate Interest: As to any Distribution
Date and any Class of Certificates (other than any Class of
Principal Only Certificates and any Class of Certificates
consisting of Specified Components), interest accrued
during the related Interest Accrual Period at the
applicable Certificate Interest Rate on the Class
Certificate Principal
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Balance (or, in the case of any Class of Notional
Certificates other than the Class S Certificates, on the
aggregate Notional Principal Balance) thereof immediately
prior to (or, in the case of the Class S Certificates, on
the aggregate Notional Principal Balance thereof with
respect to) such Distribution Date, calculated on the basis
of a 360-day year consisting of twelve 30-day months. As to
any Distribution Date and any Specified Component (other
than any Principal Only Component), interest accrued during
the related Interest Accrual Period at the applicable
Component Interest Rate on the Component Principal Balance
(or Notional Component Principal Balance) thereof
immediately prior to such Distribution Date, calculated on
the basis of a 360-day year consisting of twelve 30-day
months. As to any Distribution Date and any Class of
Certificates consisting of Specified Components, the
aggregate of Accrued Certificate Interest on such Specified
Components for such Distribution Date.
Accrued Certificate Interest on each Class of
Certificates (other than any Class of Principal Only
Certificates and any Class of Certificates consisting of
Specified Components) and any Specified Component (other
than any Principal Only Component) shall be reduced by such
Class's or Specified Component's share of the amount of any
Net Interest Shortfall and Interest Losses for such
Distribution Date. Any Net Interest Shortfall and Interest
Losses shall be allocated among the Classes of Certificates
(other than any Class of Principal Only Certificates and
any Class of Certificates consisting of Specified
Components) and among the Specified Components (other than
any Principal Only Component) of any Component Certificate
in proportion to the respective amounts of Accrued
Certificate Interest that would have resulted absent such
shortfall or losses.
Agreement: This Pooling and Servicing Agreement and
all amendments hereof and supplements hereto.
Allocable Share: (a) As to any Distribution Date and
amounts distributable pursuant to clauses (i) and (iii) of
the definition of Junior Optimal Principal Amount, and as
to each Class of Junior Certificates, the fraction,
expressed as a percentage, the numerator of which is the
Class Certificate Principal Balance of such Class and the
denominator of which is the aggregate Class Certificate
Principal Balance of the Junior Certificates.
(b) As to any Distribution Date and amounts
distributable pursuant to clauses (ii), (iv) and (v) of the
definition of Junior Optimal Principal Amount, and as to
the
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Class M Certificates and each Class of Class B Certificates
for which the related Prepayment Distribution Trigger has
been satisfied on such Distribution Date, the fraction,
expressed as a percentage, the numerator of which is the
Class Certificate Principal Balance of such Class and the
denominator of which is the aggregate Class Certificate
Principal Balance of all such Classes. As to any
Distribution Date and each Class of Class B Certificates
for which the related Prepayment Distribution Trigger has
not been satisfied on such Distribution Date, 0%.
Amortization Payment: As to any REO Mortgage Loan and
any month, the payment of principal and accrued interest
due in such month in accordance with the terms of the
related Mortgage Note as contemplated by Section 3.08(b).
Amount Held for Future Distribution: As to each
Distribution Date, the total of all amounts credited to the
Mortgage Loan Payment Record as of the preceding
Determination Date on account of (i) Principal Prepayments,
Insurance Proceeds and Liquidation Proceeds received
subsequent to the preceding Prepayment Period applicable to
such receipts, and (ii) monthly payments of principal and
interest due subsequent to the preceding Due Date.
Anniversary Determination Date: The Determination Date
occurring in December of each year that the Certificates are
outstanding, commencing in December, 1998.
Assumed Monthly Payment Reduction: As of any
Anniversary Determination Date and as to any Non-Primary
Residence Loan remaining in the Mortgage Pool whose
original principal balance was 80% or greater of the
Original Value thereof, the excess of (i) the Monthly
Payment thereof calculated on the assumption that the
Mortgage Rate thereon was equal to the weighted average (by
principal balance) of the Net Mortgage Rates of all
Outstanding Mortgage Loans (the "Weighted Average Rate") as
of such Anniversary Determination Date over (ii) the
Monthly Payment thereof calculated on the assumption that
the Net Mortgage Rate thereon was equal to the Weighted
Average Rate less 1.25% per annum.
Available Funds: As to each Distribution Date, an
amount equal to the sum of (i) all amounts credited to the
Mortgage Loan Payment Record pursuant to Section 3.02 as of
the preceding Determination Date, (ii) any Monthly Advance
and any Compensating Interest Payment for such Distribution
Date, (iii) the Purchase Price of any Defective Mortgage
Loans, Defaulted Mortgage Loans, and Modified Mortgage
Loans deposited in the Certificate Account on the Business
Day preceding such Distribution Date (including any amounts
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deposited in the Certificate Account in connection with any
substitution of a Mortgage Loan as specified in Section
2.03(b)), and (iv) the purchase price of any defaulted
Mortgage Loan purchased under an agreement entered into
pursuant to Section 3.08(e) as of the end of the preceding
Prepayment Period less the sum of (x) the Amount Held for
Future Distribution, (y) the amount of any Unanticipated
Recovery credited to the Mortgage Loan Payment Record
pursuant to clause (vi) of Section 3.02, and (z) amounts
permitted to be debited from the Mortgage Loan Payment
Record pursuant to clauses (i) through (vii) and (ix) of
Section 3.04.
Bankruptcy Coverage Termination Date: The Distribution
Date upon which the Bankruptcy Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
Bankruptcy Loss Amount: As of any Determination Date
prior to the first Anniversary Determination Date, the
Bankruptcy Loss Amount shall equal $243,977, as reduced by
the aggregate amount of Deficient Valuations and Debt
Service Reductions since the Cut-off Date. As of any
Determination Date after the first Anniversary
Determination Date, other than an Anniversary Determination
Date, the Bankruptcy Loss Amount shall equal the Bankruptcy
Loss Amount on the immediately preceding Anniversary
Determination Date as reduced by the aggregate amount of
Deficient Valuations and Debt Service Reductions since such
preceding Anniversary Determination Date. As of any
Anniversary Determination Date, the Bankruptcy Loss Amount
shall equal the lesser of (x) the Bankruptcy Loss Amount as
of the preceding Determination Date as reduced by any
Deficient Valuations and Debt Service Reductions for the
preceding Distribution Date, and (y) the greater of (i) the
Fitch Formula Amount for such Anniversary Determination
Date and (ii) the Formula Amount for such Anniversary
Determination Date.
The Bankruptcy Loss Amount may be further reduced by
the Company (including accelerating the manner in which
such coverage is reduced) provided that prior to any such
reduction, the Company shall obtain written confirmation
from each Rating Agency that such reduction shall not
adversely affect the then-current rating assigned to the
related Classes of Certificates by such Rating Agency and
shall provide a copy of such written confirmation to the
Trustee.
BIF: The Bank Insurance Fund of the FDIC, or its
successor in interest.
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Book-Entry Certificate: Any Certificate registered in
the name of the Depository or its nominee, ownership of
which is reflected on the books of the Depository or on the
books of a person maintaining an account with such
Depository (directly or as an indirect participant in
accordance with the rules of such Depository). As of the
Closing Date, each Class of Certificates, other than the
Class B3, Class B4, Class B5, Class PO, Class R and Class S
Certificates, constitutes a Class of Book-Entry
Certificates.
Book-Entry Nominee: As defined in Section 5.02(b).
Business Day: Any day other than a Saturday or a
Sunday, or a day on which banking institutions in New York
City or the city in which the Corporate Trust Office is
located are authorized or obligated by law or executive
order to be closed.
Buydown Funds: Funds contributed by the Mortgagor or
another source in order to reduce the interest payments
required from the Mortgagor for a specified period in
specified amounts.
Buydown Mortgage Loan: Any Mortgage Loan as to which
the Mortgagor pays less than the full monthly payment
specified in the Mortgage Note during the Buydown Period
and the difference between the amount paid by the Mortgagor
and the amount specified in the Mortgage Note is paid from
the related Buydown Funds.
Buydown Period: The period during which Buydown Funds
are required to be applied to the related Buydown Mortgage
Loan.
Certificate: Any one of the certificates signed and
countersigned by the Trustee in substantially the forms
attached hereto as Exhibit A.
Certificate Account: The trust account or accounts
created and maintained with the Trustee pursuant to Section
3.02 and which must be an Eligible Account.
Certificate Interest Rate: With respect to any Class
of Certificates, other than the Class S Certificates, and
as of any Distribution Date, the per annum fixed rate
specified in Section 5.01(b). With respect to the Class S
Certificates and any Distribution Date, the Strip Rate for
such Distribution Date.
Certificate Owner: With respect to any Book-Entry
Certificate, the person who is the beneficial owner thereof.
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Certificate Principal Balance: As to any Certificate
other than a Notional Certificate, and as of any
Distribution Date, the Initial Certificate Principal
Balance of such Certificate (plus, in the case of any
Accrual Certificate, its Percentage Interest of any related
Accrual Amount for each previous Distribution Date) less
the sum of (i) all amounts distributed with respect to such
Certificate in reduction of the Certificate Principal
Balance thereof on previous Distribution Dates pursuant to
Section 4.01, (ii) any Realized Losses allocated to such
Certificate on previous Distribution Dates pursuant to
Section 4.03(b) and (c), and (iii) in the case of a
Subordinate Certificate, such Certificate's Percentage
Interest of the Subordinate Certificate Writedown Amount
allocated to such Certificate on previous Distribution
Dates. The Notional Certificates are issued without
Certificate Principal Balances.
Certificate Register and Certificate Registrar: The
register maintained and the registrar appointed pursuant to
Section 5.02.
Certificateholder or Holder: The person in whose name
a Certificate is registered in the Certificate Register,
except that, solely for the purposes of giving any consent
pursuant to this Agreement, a Certificate of any Class to
the extent that the Company or any affiliate is the
Certificate Owner or Holder thereof (except to the extent
the Company or any affiliate thereof shall be the
Certificate Owner or Holder of all Certificates of such
Class), shall be deemed not to be outstanding and the
Percentage Interest (or Voting Rights) evidenced thereby
shall not be taken into account in determining whether the
requisite amount of Percentage Interests (or Voting Rights)
necessary to effect any such consent has been obtained;
provided, however, that in determining whether the Trustee
shall be protected in relying on such consent only the
Certificates that the Trustee knows to be so held shall be
so disregarded.
Class: All Certificates bearing the same class
designation.
Class A6 Percentage: With respect to any Distribution
Date, the percentage (carried to six places rounded up)
obtained by dividing (x) the Class Certificate Principal
Balance of the Class A6 Certificates immediately preceding
such Distribution Date, by (y) the aggregate Class
Certificate Principal Balance of all of the Certificates
(other than the Class PO Certificates) immediately
preceding such Distribution Date.
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Class A6 Prepayment Distribution Percentage: 0%
through the Distribution Date in December 2002; 30%
thereafter through the Distribution Date in December 2003;
40% thereafter through the Distribution Date in December
2004; 60% thereafter through the Distribution Date in
December 2005; 80% thereafter through the Distribution Date
in December 2006; and 100% thereafter.
Class A6 Principal Distribution Amount: With respect
to any Distribution Date, the sum of (a) the total of the
amounts described in clauses (i) and (iii) of the
definition of Senior Optimal Principal Amount (without
application of the Senior Percentage or the Senior
Prepayment Percentage) for such date multiplied by the
Class A6 Percentage for such date, and (b) the total of the
amounts described in clauses (ii), (iv) and (v) of the
definition of Senior Optimal Principal Amount (without
application of the Senior Prepayment Percentage) for such
date multiplied by the product of (x) the Class A6
Percentage for such date and (y) the Class A6 Prepayment
Distribution Percentage for such date; provided, however,
(i) on the Group I Final Distribution Date, the Class A6
Principal Distribution Amount will be increased by any
Senior Optimal Principal Amount remaining after
distributions of principal have been made on the Group I
Senior Certificates and (ii) following the Group I Final
Distribution Date, the Class A6 Principal Distribution
Amount will equal the Senior Optimal Principal Amount.
Class B Certificate: Any Class B1, Class B2, Class B3,
Class B4 or Class B5 Certificate.
Class Certificate Principal Balance: As to any Class
of Certificates, other than any Class of Notional
Certificates, and as of any date of determination, the
aggregate of the Certificate Principal Balances of all
Certificates of such Class. The Class Certificate Principal
Balance of each such Class of Certificates as of the
Closing Date is specified in Section 5.01(b).
Class Interest Shortfall: As to any Distribution Date
and any Class of Certificates (other than any Class of
Principal Only Certificates or any Class consisting of
Specified Components) or any Specified Component, any
amount by which the amount distributed to Holders of such
Class of Certificates or in respect of such Specified
Component (or added to the Class Certificate Principal
Balance of any Class of Accrual Certificates or to the
Component Principal Balance of any Accrual Component
constituting a Specified Component) on such Distribution
Date is less than the Accrued Certificate Interest thereon
or in respect thereof for such Distribution Date. As to any
Distribution Date and
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any Class of Certificates consisting of Specified
Components, the sum of the Class Interest Shortfalls for
such Components on such date.
Class PO Deferred Amount: As to any Distribution Date
on or prior to the Cross-Over Date, the aggregate of the
applicable PO Percentage of the principal portion of each
Realized Loss, other than any Excess Loss, to be allocated
to the Class PO Certificates on such Distribution Date or
previously allocated to the Class PO Certificates and not
yet paid to the Holders of the Class PO Certificates
pursuant to Section 4.01(a)(iv).
Closing Date: December 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, an amount equal to the aggregate of the
Interest Shortfalls described in clauses (a) and (b) of the
definition thereof with respect to such Distribution Date;
provided, however, that such amount shall not exceed the
lesser of (i) an amount equal to the product of (x) the
Pool Scheduled Principal Balance with respect to such
Distribution Date and (y) one-twelfth of 0.125%, and (ii)
the aggregate of the Servicing Fees that the Company would
be entitled to retain on such Distribution Date (less any
portion thereof paid as servicing compensation to any
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Primary Servicer) without giving effect to any Compensating
Interest Payment.
Component: None.
Component Certificate: None.
Component Interest Rate: None.
Component Principal Balance: As of any Distribution
Date, and with respect to any Component, other than any
Notional Component, the initial Component Principal Balance
thereof (as set forth, as applicable, in the definition of
Component) (plus, in the case of any Accrual Component, any
related Accrual Amount for each previous Distribution Date)
less the sum of (x) all amounts distributed in reduction
thereof on previous Distribution Dates pursuant to Section
4.01 and (y) the amount of all Realized Losses allocated
thereto pursuant to Section 4.03(d).
Confirmatory Mortgage Note: With respect to any
Mortgage Loan, a note or other evidence of indebtedness
executed by the Mortgagor confirming its obligation under
the note or other evidence of indebtedness previously
executed by the Mortgagor upon the origination of the
related Mortgage Loan.
Corporate Trust Office: The principal office of the
Trustee at which at any particular time its corporate trust
business shall be administered, which office at the date of
the execution of this instrument is located at 225 Franklin
Street, Boston, Massachusetts 02110, Attention: Corporate
Trust Department.
Cross-Over Date: The first Distribution Date on which
the aggregate Class Certificate Principal Balance of the
Junior Certificates has been reduced to zero (giving effect
to all distributions on such Distribution Date).
Cut-off Date: December 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.).
Defaulted Mortgage Loan: With respect to any
Determination Date, a Mortgage Loan as to which the related
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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: The Mortgage Loans identified on
Exhibit M hereto.
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Determination Date: With respect to any Distribution
Date, the fifth Business Day prior thereto.
Discount Mortgage Loan: Any Mortgage Loan with a Net
Mortgage Rate less than 7.00% per annum.
Disqualified Organization: Any of the following: (i)
the United States, any State or political subdivision
thereof, or any agency or instrumentality of any of the
foregoing (including but not limited to state pension
organizations); (ii) a foreign government, International
Organization or any agency or instrumentality of either of
the foregoing; (iii) an organization (except certain
farmers' cooperatives described in Code section 521) which
is exempt from tax imposed by Chapter 1 of the Code
(including the tax imposed by section 511 of the Code on
unrelated business taxable income); and (iv) a rural
electric and telephone cooperative described in Code
section 1381(a)(2)(C). The terms "United States," "State"
and "International Organization" shall have the meanings
set forth in Code section 7701 or successor provisions. A
corporation will not be treated as an instrumentality of
the United States or of any State or political subdivision
thereof for these purposes if all of its activities are
subject to tax and a majority of its board of directors is
not selected by such governmental unit.
Distribution Date: The 25th day of each calendar month
after the month of initial issuance of the Certificates,
or, if such 25th day is not a Business Day, the next
succeeding Business Day.
Distribution Date Statement: The statement referred to
in Section 4.05(a).
Document File: As defined in Section 2.01.
Due Date: The first day of the month of the related
Distribution Date.
Eligible Account: An account that is either (i)
maintained with a depository institution the debt
obligations of which have been rated by each Rating Agency
in one of its two highest long-term rating categories and
has been assigned by S&P its highest short-term rating,
(ii) an account or accounts the deposits in which are fully
insured by either the BIF or the SAIF, (iii) an account or
accounts, in a depository institution in which such
accounts are insured by the BIF or the SAIF (to the limits
established by the FDIC), the uninsured deposits in which
accounts are either invested in Permitted Investments or
are otherwise secured to the extent required by the Rating
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Agencies such that, as evidenced by an Opinion of Counsel
delivered to the Trustee, the Certificateholders have a
claim with respect to the funds in such account or a
perfected first security interest against any collateral
(which shall be limited to Permitted Investments) securing
such funds that is superior to claims of any other
depositors or creditors of the depository institution with
which such account is maintained, (iv) a trust account
maintained with the corporate trust department of a federal
or state chartered depository institution or of a trust
company with trust powers and acting in its fiduciary
capacity for the benefit of the Trustee hereunder or (v)
such account as will not cause either Rating Agency to
downgrade or withdraw its then-current rating assigned to
the Certificates, as evidenced in writing by the Rating
Agencies.
ERISA: The Employee Retirement Income Security Act of
1974, as amended.
ERISA-Restricted Certificate: Any Junior Certificate.
Event of Default: An event described in Section 7.01.
Excess Bankruptcy Loss: Any Deficient Valuation or
Debt Service Reduction, or portion thereof, (i) occurring
after the Bankruptcy Coverage Termination Date or (ii) if
on such date, in excess of the then-applicable Bankruptcy
Loss Amount.
Excess Fraud Loss: Any Fraud Loss, or portion thereof,
(i) occurring after the Fraud Coverage Termination Date or
(ii) if on such date, in excess of the then-applicable
Fraud Loss Amount.
Excess Loss: Any Excess Bankruptcy Loss, Excess Fraud
Loss or Excess Special Hazard Loss.
Excess Special Hazard Loss: Any Special Hazard Loss,
or portion thereof, (i) occurring after the Special Hazard
Termination Date or (ii) if on such date, in excess of the
then-applicable Special Hazard Loss Amount.
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
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through or maintains a custodial relationship with a
Depository Participant.
Fitch: Fitch IBCA, Inc. and its successors.
Fitch Formula Amount: As to each Anniversary
Determination Date, the greater of (i) $50,000 and (ii) the
product of (x) the greatest Assumed Monthly Payment
Reduction for any Non-Primary Residence Loan whose original
principal balance was 80% or greater of the Original Value
thereof, (y) the weighted average remaining term to
maturity (expressed in months) of all the Non-Primary
Residence Loans remaining in the Mortgage Pool as of such
Anniversary Determination Date, and (z) the sum of (A) one
plus (B) the number of all remaining Non-Primary Residence
Loans divided by the total number of Outstanding Mortgage
Loans as of such Anniversary Determination Date.
FNMA: The Federal National Mortgage Association or its
successor in interest.
Formula Amount: As to each Anniversary Determination
Date, the greater of (i) $100,000 and (ii) the product of
(x) 0.06% and (y) the Scheduled Principal Balance of each
Mortgage Loan remaining in the Mortgage Pool whose original
principal balance was 75% or greater of the Original Value
thereof.
Fraud Coverage Termination Date: The Distribution Date
upon which the related Fraud Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
Fraud Loss: Any Realized Loss attributable to fraud in
the origination of the related Mortgage Loan.
Fraud Loss Amount: As of any Distribution Date after
the Cut-off Date, (x) prior to the first anniversary of the
Cut-off Date, an amount equal to $6,449,997 minus the
aggregate amount of Fraud Losses that would have been
allocated to the Junior Certificates in accordance with
Section 4.03 in the absence of the Loss Allocation
Limitation since the Cut-off Date, and (y) from the first
through the fifth anniversary of the Cut-off Date, an
amount equal to (1) the lesser of (a) the Fraud Loss Amount
as of the most recent anniversary of the Cut-off Date and
(b) 1% (from the first through and excluding the third
anniversaries of the Cut-Off Date) or 0.5% (from and
including the third through and excluding the fifth
anniversaries of the Cut-Off Date) of the aggregate
outstanding principal balance of all of the Mortgage Loans
as of the most recent anniversary of the Cut-off Date minus
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(2) the Fraud Losses that would have been allocated to the
Junior Certificates in accordance with Section 4.03 in the
absence of the Loss Allocation Limitation since the most
recent anniversary of the Cut-off Date. After the fifth
anniversary of the Cut-off Date the Fraud Loss Amount shall
be zero.
Group I Final Distribution Date: The Distribution Date
on which the aggregate Certificate Principal Balance of the
Group I Senior Certificates has been reduced to zero.
Group I Senior Certificate: Any Class A1, Class A2,
Class A3, Class A4, Class A5 and Class R Certificate.
Group II Senior Certificate: Any Class A6 Certificate.
Initial Certificate Principal Balance: With respect to
any Certificate, other than a Notional Certificate, the
Certificate Principal Balance of such Certificate or any
predecessor Certificate on the Closing Date.
Initial LIBOR Rate: None.
Insurance Proceeds: Proceeds paid pursuant to the
Primary Insurance Policies, if any, and amounts paid by any
insurer pursuant to any other insurance policy covering a
Mortgage Loan.
Insured Expenses: Expenses covered by the Primary
Insurance Policies, if any, or any other insurance policy or
policies applicable to the Mortgage Loans.
Interest Accrual Period: With respect to any
Distribution Date and any Class of Certificates (other than
any Class of Principal Only Certificates), or Component,
the one-month period ending on the last day of the month
preceding the month in which such Distribution Date occurs.
Interest Losses: The interest portion of (i) on or
prior to the Cross-Over Date, any Excess Losses and (ii)
after the Cross-Over Date, any Realized Losses and Debt
Service Reductions.
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;
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(b) principal prepayments in full (including the
Purchase Price of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c)) received on or after the
sixteenth day of the month preceding the month of such
Distribution Date (or, in the case of the first
Distribution Date, on or after the Cut-off Date) but
on or before the last day of the month preceding the
month of such Distribution Date, the difference
between (i) one month's interest at the applicable Net
Mortgage Rate on the Scheduled Principal Balance of
such Mortgage Loan immediately prior to such
prepayment and (ii) the amount of interest for the
calendar month of such prepayment (adjusted to the
applicable Net Mortgage Rate) received at the time of
such prepayment;
(c) principal prepayments in full (including the
Purchase Price of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c)) received by the Company
(or of which the Company receives notice, in the case
of a Mortgage Loan serviced by a Primary Servicer) on
or after the first day but on or before the fifteenth
day of the month of such Distribution Date: none; and
(d) Relief Act Mortgage Loans: As to any Relief
Act Mortgage Loan, the excess of (i) 30 days' interest
(or, in the case of a Principal Prepayment in full,
interest to the date of prepayment) on the Scheduled
Principal Balance thereof (or, in the case of a
Principal Prepayment in part, on the amount so
prepaid) at the related Net Mortgage Rate over (ii) 30
days' interest (or, in the case of a Principal
Prepayment in full, interest to the date of
prepayment) on such Scheduled Principal Balance (or,
in the case of a Principal Prepayment in part, on the
amount so prepaid) at the Net Mortgage Rate required
to be paid by the Mortgagor as limited by application
of the Relief Act.
Junior Certificate: Any Class M or Class B
Certificate.
Junior Optimal Principal Amount: As to any
Distribution Date, an amount equal to the sum of the
following (but in no event greater than the aggregate
Certificate Principal Balance of the Junior Certificates
immediately prior to such Distribution Date):
(i) the Junior Percentage of the applicable Non-PO
Percentage of the principal portion of each
Monthly Payment due on the related Due Date on
each Outstanding Mortgage Loan as of such Due
Date as specified in the amortization schedule at
the time applicable thereto (after adjustment for
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previous Principal Prepayments and Debt Service
Reductions subsequent to the Bankruptcy Coverage
Termination Date but before any adjustment to
such amortization schedule by reason of any
bankruptcy (other than as aforesaid) or similar
proceeding or any moratorium or similar waiver or
grace period);
(ii) the Junior Prepayment Percentage of the applicable
Non-PO Percentage of all principal prepayments in
part received during the related Prepayment
Period, and 100% of any Senior Optimal Principal
Amount not distributed to the Senior Certificates
on such Distribution Date, together with the
Junior Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was the
subject of a Voluntary Principal Prepayment in
full during the related Prepayment Period;
(iii) the excess, if any, of (x) the applicable Non-PO
Percentage of the sum of (A) all Net Liquidation
Proceeds allocable to principal received during
the related Prepayment Period (other than in
respect of Mortgage Loans described in clause
(B)) and (B) the principal balance of each
Mortgage Loan that was purchased by an insurer
from the Trustee during the related Prepayment
Period pursuant to the related Primary Insurance
Policy, over (y) the amount distributable
pursuant to clause (iii) of the definition of
Senior Optimal Principal on such Distribution
Date;
(iv) the Junior Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was purchased
on such Distribution Date pursuant to Section
2.02, 2.03(a) or 3.16; and
(v) the Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution
Amount for any Mortgage Loan substituted during
the month of such Distribution Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
After the Class Certificate Principal Balances of the
Junior Certificates have been reduced to zero, the Junior
Optimal Principal Amount shall be zero.
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Junior Percentage: As to any Distribution Date, the
excess of 100% over the Senior Percentage for such
Distribution Date.
Junior Prepayment Percentage: As to any Distribution
Date, the excess of 100% over the Senior Prepayment
Percentage for such Distribution Date, except that (i)
after the aggregate Certificate Principal Balance of the
Senior Certificates other than the Class PO Certificates
has been reduced to zero, the Junior Prepayment Percentage
shall be 100%, and (ii) after the Cross-Over Date, the
Junior Prepayment Percentage shall be zero.
Latest Possible Maturity Date: December 25, 2029.
LIBOR: The per annum rate determined, pursuant to
Section 5.08, on the basis of London interbank offered rate
quotations for one-month Eurodollar deposits, as such
quotations may appear on the display designated as page
"LIBO" on the Reuters Monitor Money Rates Service (or such
other page as may replace the LIBO page on the Reuters
Monitor Money Rates Service for the purpose of displaying
London interbank offered quotations of major banks).
LIBOR Certificates: None.
LIBOR Determination Date: The second London Business
Day immediately preceding the commencement of each Interest
Accrual Period for any LIBOR Certificates.
Liquidated Mortgage Loan: Any defaulted Mortgage Loan
as to which the Company has determined that all amounts
which it expects to recover on behalf of the Trust Fund
from or on account of such Mortgage Loan have been
recovered, including any Mortgage Loan with respect to
which the Company determines not to foreclose upon the
related Mortgaged Property based on its belief that such
Mortgaged Property may be contaminated with or affected by
hazardous or toxic wastes, materials or substances.
Liquidation Expenses: Expenses which are incurred by
the Company in connection with the liquidation of any
defaulted Mortgage Loan and not recovered by the Company
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.
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Liquidation Proceeds: Cash (other than Insurance
Proceeds) received in connection with the liquidation of
any defaulted Mortgage Loan whether through judicial
foreclosure or otherwise.
London Business Day: Any day on which banks are open
for dealing in foreign currency and exchange in London,
England and New York City.
Loss Allocation Limitation: As defined in Section
4.03(g).
Modified Mortgage Loan: Any Mortgage Loan which the
Company has modified pursuant to Section 3.01(c).
Monthly Advance: With respect to any Distribution
Date, the aggregate of the advances required to be made by
the Company pursuant to Section 4.04(a) (or by the Trustee
pursuant to Section 4.04(b)) on such Distribution Date, the
amount of any such Monthly Advance being equal to (a) the
aggregate of payments of principal and interest (adjusted
to the related Net Mortgage Rate) on the Mortgage Loans
that were due on the related Due Date, without regard to
any arrangements entered into by the Company with the
related Mortgagors pursuant to Section 3.02(a)(ii), and
delinquent as of the close of business on the Business Day
next preceding the related Determination Date, less (b) the
amount of any such payments which the Company or the
Trustee, as applicable, in its reasonable judgment believes
will not be ultimately recoverable by it either out of late
payments by the Mortgagor, Net Liquidation Proceeds,
Insurance Proceeds, REO Proceeds or otherwise. With respect
to any Mortgage Loan, the portion of any such advance or
advances made with respect thereto.
Monthly Payment: The scheduled monthly payment on a
Mortgage Loan for any month allocable to principal or
interest on such Mortgage Loan.
Moody's: Moody's Investors Service, Inc. and its
successors.
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.
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<PAGE>
Mortgage Loan Payment Record: The record maintained by
the Company pursuant to Section 3.02(b).
Mortgage Loan Schedule: As of any date of
determination, the schedule of Mortgage Loans included in
the Trust Fund. The initial schedule of Mortgage Loans as
of the Cut-off Date is attached hereto as Exhibit C.
Mortgage Loans: As of any date of determination, each
of the mortgage loans identified on the Mortgage Loan
Schedule (as amended pursuant to Section 2.03(b)) delivered
and assigned to the Trustee pursuant to Section 2.01 or
2.03(b), and not theretofore released from the Trust Fund
by the Trustee.
Mortgage Note: With respect to any Mortgage Loan, the
note or other evidence of indebtedness (which may consist
of a Confirmatory Mortgage Note) evidencing the
indebtedness of a Mortgagor under such Mortgage Loan.
Mortgage Pool: The aggregate of the Mortgage Loans
identified in the Mortgage Loan Schedule.
Mortgage Rate: The per annum rate of interest borne by
a Mortgage Loan as set forth in the related Mortgage Note.
Mortgaged Property: The property securing the Mortgage
Note.
Mortgagor: With respect to any Mortgage Loan, each
obligor on the related Mortgage Note.
Net Interest Shortfall: With respect to any
Distribution Date, the excess, if any, of the aggregate
Interest Shortfalls for such Distribution Date over any
Compensating Interest Payment for such date.
Net Liquidation Proceeds: As to any Liquidated
Mortgage Loan, the sum of (i) any Liquidation Proceeds
therefor less the related Liquidation Expenses, and (ii)
any Insurance Proceeds therefor, other than any such
Insurance Proceeds applied to the restoration of the
related Mortgaged Property.
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.
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<PAGE>
Non-Credit Loss: Any Fraud Loss, Special Hazard Loss
or Deficient Valuation.
Non-Discount Mortgage Loan: Any Mortgage Loan with a
Net Mortgage Rate greater than or equal to 7.00% per annum.
Non-permitted Foreign Holder: As defined in Section
5.02(b).
Non-PO Percentage: As to any Discount Mortgage Loan, a
fraction (expressed as a percentage), the numerator of
which is the Net Mortgage Rate of such Discount Mortgage
Loan and the denominator of which is 7.00%. As to any
Non-Discount Mortgage Loan, 100%.
Non-Primary Residence Loan: Any Mortgage Loan secured
by a Mortgaged Property that is (on the basis of
representations made by the Mortgagors at origination) a
second home or investor-owned property.
Nonrecoverable Advance: All or any portion of any
Monthly Advance or Monthly Advances previously made by the
Company (or the Trustee) which, in the reasonable judgment
of the Company (or, as applicable, the Trustee) will not be
ultimately recoverable from related Net Liquidation
Proceeds, Insurance Proceeds, REO Proceeds or otherwise.
The determination by the Company that it has made a
Nonrecoverable Advance or that any advance, if made, would
constitute a Nonrecoverable Advance, shall be evidenced by
an Officer's Certificate of the Company delivered to the
Trustee and detailing the reasons for such determination.
Non-U.S. Person: As defined in Section 4.02(c).
Notional Certificate: Any Class S Certificate.
Notional Component: None.
Notional Component Balance: None.
Notional Principal Balance: As to any Distribution
Date and the Class S Certificates, the aggregate Scheduled
Principal Balance of the Outstanding Non-Discount Mortgage
Loans as of the Due Date in the month preceding such
Distribution Date. As to any Distribution Date and any
Class S Certificate, such Certificate's Percentage Interest
of the aggregate Notional Principal Balance of the Class S
Certificates for such Distribution Date.
Officer's Certificate: A certificate signed by the
President, a Senior Vice President or a Vice President of
the Company and delivered to the Trustee.
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<PAGE>
Opinion of Counsel: A written opinion of counsel, who
may be counsel for the Company; provided, however, that any
Opinion of Counsel with respect to the interpretation or
application of the REMIC Provisions or the status of an
account as an Eligible Account shall be the opinion of
independent counsel satisfactory to the Trustee.
Original Subordinate Principal Balance: As set forth
in the definition of Senior Prepayment Percentage.
Original Value: The value of the property underlying a
Mortgage Loan based, in the case of the purchase of the
underlying Mortgaged Property, on the lower of an appraisal
satisfactory to the Company or the sales price of such
property or, in the case of a refinancing, on an appraisal
satisfactory to the Company.
Outstanding Mortgage Loan: With respect to any Due
Date, a Mortgage Loan which, prior to such Due Date, was
not the subject of a Principal Prepayment in full, did not
become a Liquidated Mortgage Loan and was not purchased
pursuant to Section 2.02, 2.03(a), 3.01(c) or 3.16 or
replaced pursuant to Section 2.03(b).
Outstanding Non-Discount Mortgage Loan: Any
Outstanding Mortgage Loan that is a Non-Discount Mortgage
Loan.
PAC Balance: As to any Distribution Date and any Class
of PAC Certificates and any PAC Component, the balance
designated as such for such Distribution Date and such
Class or Component as set forth in the Principal Balance
Schedules.
PAC Certificate: None.
PAC Component: None.
Pay-out Rate: With respect to any Class of
Certificates (other than any Class of Principal Only
Certificates) and any Distribution Date, the rate at which
interest is distributed on such Class on such Distribution
Date and which is equal to a fraction (expressed as an
annualized percentage) the numerator of which is the
Accrued 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
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<PAGE>
ownership interest in the Trust Fund evidenced by
Certificates of the same Class as such Certificate. With
respect to any Certificate, the Percentage Interest
evidenced thereby shall equal the Initial Certificate
Principal Balance (or, in the case of a Notional
Certificate, the initial Notional Principal Balance)
thereof divided by the aggregate Initial Certificate
Principal Balance (or, in the case of a Notional
Certificate, the aggregate initial Notional Principal
Balance) of all Certificates of the same Class.
Permitted Investments: One or more of the following;
provided, however, that no such Permitted Investment may
mature later than the Business Day preceding the
Distribution Date after such investment except as otherwise
provided in Section 3.02(e) hereof, provided, further, that
such investments qualify as "cash flow investments" as
defined in section 860G(a)(6) of the Code:
(i) obligations of, or guaranteed as to timely
receipt of principal and interest by, the United
States or any agency or instrumentality thereof when
such obligations are backed by the full faith and
credit of the United States;
(ii) repurchase agreements on obligations
specified in clause (i) provided that the unsecured
obligations of the party agreeing to repurchase such
obligations are at the time rated by each Rating
Agency in the highest long-term rating category;
(iii) federal funds, certificates of deposit, time
deposits and banker's acceptances, of any U.S.
depository institution or trust company incorporated
under the laws of the United States or any state
provided that the debt obligations of such depository
institution or trust company at the date of
acquisition thereof have been rated by each Rating
Agency in the highest long-term rating category;
(iv) commercial paper of any corporation
incorporated under the laws of the United States or
any state thereof which on the date of acquisition has
the highest short term rating of each Rating Agency;
and
(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.
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<PAGE>
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, limited liability company, joint
venture, association, joint-stock company, trust,
unincorporated organization or government or any agency or
political subdivision thereof.
Plan: Any Person which is an employee benefit plan
subject to ERISA or a plan subject to section 4975 of the
Code.
PO Percentage: As to any Discount Mortgage Loan, a
fraction (expressed as a percentage), the numerator of
which is the excess of 7.00% over the Net Mortgage Rate of
such Discount Mortgage Loan and the denominator of which is
7.00%. As to any Non-Discount Mortgage Loan, 0%.
PO Principal Distribution Amount: As to any
Distribution Date, an amount equal to the sum of the
applicable PO Percentage of:
(i) the principal portion of each Monthly Payment due
on the related Due Date on each Outstanding
Mortgage Loan as of such Due Date as specified in
the amortization schedule at the time applicable
thereto (after adjustments for previous Principal
Prepayments and Debt Service Reductions subsequent
to the Bankruptcy Coverage Termination Date but
before any adjustment to such amortization
schedule by reason of any bankruptcy (except as
aforesaid) or similar proceeding or any moratorium
or similar waiver or grace period);
(ii) all principal prepayments in part received during the
related Prepayment Period, together with the
Scheduled Principal Balance (as reduced by any
Deficient Valuation occurring on or prior to the
Bankruptcy Coverage Termination Date) of each
Mortgage Loan which was the subject of a
Voluntary Principal Prepayment in full during the
related Prepayment Period;
(iii) the sum of (A) all Net Liquidation Proceeds allocable
to principal received in respect of each Mortgage
Loan that became a Liquidated Mortgage Loan
during the related Prepayment Period (other than
Mortgage Loans described in clause (B)) and (B)
the principal balance of each Mortgage Loan
23
<PAGE>
purchased by an insurer from the Trustee pursuant
to the related Primary Insurance Policy, in each
case during the related Prepayment Period;
(iv) the Scheduled Principal Balance (as reduced by any
Deficient Valuation occurring on or prior to the
Bankruptcy Coverage Termination Date) of each
Mortgage Loan which was purchased on such
Distribution Date pursuant to Section 2.02,
2.03(a) or 3.16; and
(v) the Substitution Amount for any Mortgage Loan
substituted during the month of such Distribution
Date; for purposes of this clause (v), the
definition of "Substitution Amount" shall be
modified to reduce the Scheduled Principal Balance
of the Mortgage Loan that is substituted for by
any Deficient Valuation occurring on or prior to
the Bankruptcy Coverage Termination Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Pool Scheduled Principal Balance: With respect to any
Distribution Date, the aggregate Scheduled Principal
Balance of all the Mortgage Loans that were Outstanding
Mortgage Loans on the Due Date in the month next preceding
the month of such Distribution Date (or, in the case of the
first Distribution Date, the Cut-off Date; or, if so
specified, such other date).
Prepayment Assumption: The assumed fixed schedule of
prepayments on a pool of new mortgage loans with such
schedule given as a monthly sequence of prepayment rates,
expressed as annualized percent values. These values start
at 0.2% per year in the first month, increase by 0.2% per
year in each succeeding month until month 30, ending at
6.0% per year. At such time, the rate remains constant at
6.0% per year for the balance of the remaining term.
Multiples of the Prepayment Assumption are calculated from
this prepayment rate series.
Prepayment Assumption Multiple: 250% of the Prepayment
Assumption.
Prepayment Distribution Trigger: As of any
Distribution Date and as to each Class of Class B
Certificates, the related Prepayment Distribution Trigger is
satisfied if (x) the fraction, expressed as a percentage,
the numerator of which is the aggregate Class Certificate
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<PAGE>
Principal Balance of such Class and each Class subordinate
thereto, if any, on such Distribution Date, and the
denominator of which is the Pool Scheduled Principal
Balance for such Distribution Date, equals or exceeds (y)
such percentage calculated as of the Closing Date.
Prepayment Interest Excess: As to any Voluntary
Principal Prepayment in full received from the first day
through the fifteenth day of any calendar month (other than
the calendar month in which the Cut-off Date occurs), all
amounts paid in respect of interest on such Principal
Prepayment. For purposes of determining the amount of
Prepayment Interest Excess for any month, a Voluntary
Principal Prepayment in full with respect to a Mortgage
Loan serviced by a Primary Servicer shall be deemed to have
been received when the Company, as servicer, receives
notice thereof. All Prepayment Interest Excess shall be
retained by the Company, as servicer, as additional
servicing compensation.
Prepayment Period: With respect to any Distribution
Date and any Voluntary Principal Prepayment in part or
other Principal Prepayment other than a Voluntary Principal
Prepayment in full, the calendar month preceding the month
of such Distribution Date; with respect to any Distribution
Date and any Voluntary Principal Prepayment in full, the
period beginning on the sixteenth day of the calendar month
preceding the month of such Distribution Date (or, in the
case of the first Distribution Date, beginning on the
Cutoff Date) and ending on the fifteenth day of the month
in which such Distribution Date occurs.
Primary Insurance Policy: The certificate of private
mortgage insurance relating to a particular Mortgage Loan,
or an electronic screen print setting forth the information
contained in such certificate of private mortgage
insurance, including, without limitation, information
relating to the name of the mortgage insurance carrier, the
certificate number, the loan amount, the property address,
the effective date of coverage, the amount of coverage and
the expiration date of the policy. Each such policy covers
defaults by the Mortgagor, which coverage shall equal the
portion of the unpaid principal balance of the related
Mortgage Loan that exceeds 75% (or such lesser coverage
required or permitted by FNMA or FHLMC) of the Original
Value of the underlying Mortgaged Property.
Primary Servicer: Any servicer with which the Company
has entered into a servicing agreement, as described in
Section 3.01(f).
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Principal Balance Schedules: Any principal balance
schedules attached hereto, if applicable, as Exhibit B,
setting forth the PAC Balances of any PAC Certificates and
PAC Components, the TAC Balances of any TAC Certificates
and TAC Components, and the Scheduled Balances of any
Scheduled Certificates and Scheduled Components.
Principal Only Certificate: Any Class PO Certificate.
Principal Only Component: None.
Principal Prepayment: Any payment or other recovery of
principal on a Mortgage Loan (including, for this purpose,
any refinancing permitted by Section 3.01, any Purchase
Price of a Modified Mortgage Loan purchased pursuant to
Section 3.01(c) and any REO Proceeds treated as such
pursuant to Section 3.08(b)) which is received in advance
of its scheduled Due Date and is not accompanied by an
amount of interest representing scheduled interest for any
month subsequent to the month of prepayment.
Private Placement Memorandum: The private placement
memorandum relating to the Restricted Junior Certificates
dated December 18, 1997.
Prohibited Transaction Exemption: U.S. Department of
Labor Prohibited Transaction Exemption 93-31, 58 Fed. Reg.
28619, May 14, 1993.
Property Protection Expenses: With respect to any
Mortgage Loan, expenses paid or incurred by or for the
account of the Company in accordance with the related
Mortgage for (a) real estate property taxes and property
repair, replacement, protection and preservation expenses
and (b) similar expenses reasonably paid or incurred to
preserve or protect the value of such Mortgage to the
extent the Company is not reimbursed therefor pursuant to
the Primary Insurance Policy, if any, or any other
insurance policy with respect thereto.
Purchase Price: With respect to any Mortgage Loan
required or permitted to be purchased hereunder from the
Trust Fund, an amount equal to 100% of the unpaid principal
balance thereof plus interest thereon at the applicable
Mortgage Rate from the date to which interest was last paid
to the first day of the month in which such purchase price
is to be distributed; provided, however, that if the
Company is the servicer hereunder, such purchase price
shall be net of unreimbursed Monthly Advances with respect
to such Mortgage Loan, and the interest component of the
Purchase Price may be computed on the basis of the Net
Mortgage Rate for such Mortgage Loan; and provided,
further, that if such
26
<PAGE>
Mortgage Loan is a Modified Mortgage Loan, the interest
component of the Purchase Price shall be computed (i) on
the basis of the applicable Mortgage Rate before giving
effect to the related modification and (ii) from the date
to which interest was last paid to the date on which such
Modified Mortgage Loan is assigned to the Company pursuant
to Section 3.01(c).
QIB: A "qualified institutional buyer" as defined in
Rule 144A under the Securities Act of 1933, as amended.
Rating Agency: Any statistical credit rating agency,
or its successor, that rated any of the Certificates at the
request of the Company at the time of the initial issuance
of the Certificates. If such agency or a successor is no
longer in existence, "Rating Agency" shall be such
statistical credit rating agency, or other comparable
Person, designated by the Company, notice of which
designation shall be given to the Trustee. References
herein to the two highest long-term rating categories of a
Rating Agency shall mean such ratings without any
modifiers. As of the date of the initial issuance of the
Certificates, the Rating Agencies are Fitch and S&P; except
that for purposes of the Junior Certificates (other than
the Class B5 Certificates), Fitch shall be the sole Rating
Agency. The Class B5 Certificates are issued without
ratings.
Realized Loss: Any (i) Deficient Valuation or (ii) as
to any Liquidated Mortgage Loan, (x) the unpaid principal
balance of such Liquidated Mortgage Loan plus accrued and
unpaid interest thereon at the Net Mortgage Rate through
the last day of the month of such liquidation less (y) the
related Liquidation Proceeds and Insurance Proceeds (as
reduced by the related Liquidation Expenses).
Record Date: The last Business Day of the month
immediately preceding the month of the related Distribution
Date.
Reference Banks: As defined in Section 5.08.
Relief Act: The Soldiers' and Sailors' Civil Relief
Act of 1940, as amended.
Relief Act Mortgage Loan: Any Mortgage Loan as to
which the Monthly Payment thereof has been reduced due to
the application of the Relief Act.
REMIC: A "real estate mortgage investment conduit"
within the meaning of section 860D of the Code.
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REMIC Provisions: Provisions of the federal income tax
law relating to real estate mortgage investment conduits,
which appear at sections 860A through 860G of Part IV of
Subchapter M of Chapter 1 of the Code, and related
provisions, and U.S. Office of the Treasury temporary or
final regulations promulgated thereunder, as the foregoing
may be in effect from time to time, as well as provisions
of applicable state laws.
REO Mortgage Loan: Any Mortgage Loan which is not a
Liquidated Mortgage Loan and as to which the related
Mortgaged Property is held as part of the Trust Fund.
REO Proceeds: Proceeds, net of any related expenses of
the Company, received in respect of any REO Mortgage Loan
(including, without limitation, proceeds from the rental of
the related Mortgaged Property).
Reserve Fund: None.
Reserve Interest Rate: As defined in Section 5.08.
Residual Certificate: Any Class R Certificate.
Responsible Officer: When used with respect to the
Trustee, any officer or assistant officer assigned to and
working in the Corporate Trust Department of the Trustee
and, also, with respect to a particular matter, any other
officer to whom such matter is referred because of such
officer's knowledge of and familiarity with the particular
subject.
Restricted Certificate: Any Restricted Junior
Certificate, Class PO Certificate or Class S Certificate.
Restricted Junior Certificate: Any Class B3, Class B4
or Class B5 Certificate.
S&P: Standard & Poor's Rating Services, a division of
The McGraw-Hill Companies, Inc., and its successors.
SAIF: The Savings Association Insurance Fund of the
FDIC, or its successor in interest.
Scheduled Balance: As to any Distribution Date and any
Class of Scheduled Certificates and any Scheduled
Component, the balance designated as such for such
Distribution Date and such Class or Component as set forth
in the Principal Balance Schedules.
Scheduled Certificates: None.
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Scheduled Component: None.
Scheduled Principal Balance: As to any Mortgage Loan
and Distribution Date, the principal balance of such
Mortgage Loan as of the Due Date in the month next
preceding the month of such Distribution Date (or, if so
specified, such other date) as specified in the
amortization schedule at the time relating to such Mortgage
Loan (before any adjustment to such amortization schedule
by reason of any bankruptcy or similar proceeding or any
moratorium or similar waiver or grace period) after giving
effect to any previous Principal Prepayments, Deficient
Valuations incurred subsequent to the Bankruptcy Coverage
Termination Date, adjustments due to the application of the
Relief Act and the payment of principal due on such Due
Date, irrespective of any delinquency in payment by the
related Mortgagor. As to any Mortgage Loan and the Cut-off
Date, the "unpaid balance" thereof specified in the initial
Mortgage Loan Schedule.
Senior Certificate: Any Certificate other than a
Junior Certificate or Class S Certificate.
Senior Certificate Principal Balance: As of any
Distribution Date, an amount equal to the sum of the
Certificate Principal Balances of the Senior Certificates
(other than any Class PO Certificates).
Senior Optimal Principal Amount: As to any
Distribution Date, an amount equal to the sum of:
(i) the Senior Percentage of the applicable Non-PO
Percentage of the principal portion of each
Monthly Payment due on the related Due Date on
each Outstanding Mortgage Loan as of such Due Date
as specified in the amortization schedule at the
time applicable thereto (after adjustments for
previous Principal Prepayments and Debt Service
Reductions subsequent to the Bankruptcy Coverage
Termination Date but before any adjustment to such
amortization schedule by reason of any bankruptcy
(except as aforesaid) or similar proceeding or any
moratorium or similar waiver or grace period);
(ii) the Senior Prepayment Percentage of the applicable
Non-PO Percentage of all principal prepayments in
part received during the related Prepayment
Period, together with the Senior Prepayment
Percentage of the applicable Non-PO Percentage of
the Scheduled Principal Balance of each Mortgage
Loan which was the subject of a Voluntary
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Principal Prepayment in full during the related
Prepayment Period;
(iii) the lesser of (x) the Senior Percentage of the
applicable Non-PO Percentage of the sum of (A)
the Scheduled Principal Balance of each Mortgage
Loan that became a Liquidated Mortgage Loan
(other than Mortgage Loans described in clause
(B)) during the related Prepayment Period and (B)
the Scheduled Principal Balance of each Mortgage
Loan that was purchased by an insurer from the
Trustee during the related Prepayment Period
pursuant to the related Primary Insurance Policy,
as reduced in each case by the Senior Percentage
of the applicable Non-PO Percentage of the
principal portion of any Excess Losses (other
than Excess Bankruptcy Losses attributable to
Debt Service Reductions), and (y) the Senior
Prepayment Percentage of the applicable Non-PO
Percentage of the sum of (A) all Net Liquidation
Proceeds allocable to principal received in
respect of each such Liquidated Mortgage Loan
(other than Mortgage Loans described in clause
(B)) and (B) the principal balance of each such
Mortgage Loan purchased by an insurer from the
Trustee pursuant to the related Primary Insurance
Policy, in each case during the related
Prepayment Period;
(iv) the Senior Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was purchased
on such Distribution Date pursuant to Section
2.02, 2.03(a) or 3.16; and
(v) the Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution
Amount for any Mortgage Loan substituted during
the month of such Distribution Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Senior Percentage: As to any Distribution Date, the
lesser of (i) 100% and (ii) the percentage (carried to six
places rounded up) obtained by dividing the Senior
Certificate Principal Balance immediately prior to such
Distribution Date by an amount equal to the sum of the
Certificate Principal Balances of all the Certificates
other than any Class PO Certificates immediately prior to
such Distribution Date.
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Senior Prepayment Percentage: For any Distribution
Date occurring prior to the fifth anniversary of the first
Distribution Date, 100%. For any Distribution Date
occurring on or after the fifth anniversary of the first
Distribution Date, an amount as follows:
(i) for any Distribution Date subsequent to December
2002 to and including the Distribution Date in
December 2003, the Senior Percentage for such
Distribution Date plus 70% of the Junior
Percentage for such Distribution Date;
(ii) for any Distribution Date subsequent to December 2003
to and including the Distribution Date in
December 2004, the Senior Percentage for such
Distribution Date plus 60% of the Junior
Percentage for such Distribution Date;
(iii) for any Distribution Date subsequent to December 2004
to and including the Distribution Date in
December 2005, the Senior Percentage for such
Distribution Date plus 40% of the Junior
Percentage for such Distribution Date;
(iv) for any Distribution Date subsequent to December 2005
to and including the Distribution Date in
December 2006, the Senior Percentage for such
Distribution Date plus 20% of the Junior
Percentage for such Distribution Date; and
(v) for any Distribution Date thereafter, the Senior
Percentage for such Distribution Date.
Notwithstanding the foregoing, (i) if on any Distribution
Date the Senior Percentage exceeds the Senior Percentage as
of the Closing Date, the Senior Prepayment Percentage for
such Distribution Date will equal 100%.
In addition, notwithstanding the foregoing, no reduction of
the Senior Prepayment Percentage below the level in effect
for the most recent prior period as set forth in clauses
(i) through (iv) above shall be effective on any
Distribution Date unless at least one of the following two
tests is satisfied:
Test I: If, as of the last day of the month
preceding such Distribution Date, (i) the aggregate
Scheduled Principal Balance of Mortgage Loans
delinquent 60 days or more (including for this purpose
any Mortgage Loans in foreclosure and REO Mortgage
Loans) as a percentage of the aggregate Class
Certificate Principal Balance of the Junior
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Certificates as of such date, does not exceed 50%, and
(ii) cumulative Realized Losses with respect to the
Mortgage Loans do not exceed (a) 30% of the aggregate
Class Certificate Principal Balance of the Junior
Certificates as of the Closing Date (the "Original
Subordinate Principal Balance") if such Distribution
Date occurs between and including January 2003 and
December 2003, (b) 35% of the Original Subordinate
Principal Balance if such Distribution Date occurs
between and including January 2004 and December 2004,
(c) 40% of the Original Subordinate Principal Balance
if such Distribution Date occurs between and including
January 2005 and December 2005, (d) 45% of the
Original Subordinate Principal Balance if such
Distribution Date occurs between and including January
2006 and December 2006 and (e) 50% of the Original
Subordinate Principal Balance if such Distribution
Date occurs during or after January 2007; or
Test II: If, as of the last day of the month
preceding such Distribution Date, (i) the aggregate
Scheduled Principal Balance of Mortgage Loans
delinquent 60 days or more (including for this purpose
any Mortgage Loans in foreclosure and REO Mortgage
Loans) averaged over the last three months, as a
percentage of the aggregate Scheduled Principal
Balance of Mortgage Loans averaged over the last three
months, does not exceed 4%, and (ii) cumulative
Realized Losses with respect to the Mortgage Loans do
not exceed (a) 10% of the Original Subordinate
Principal Balance if such Distribution Date occurs
between and including January 2003 and December 2003,
(b) 15% of the Original Subordinate Principal Balance
if such Distribution Date occurs between and including
January 2004 and December 2004, (c) 20% of the
Original Subordinate Principal Balance if such
Distribution Date occurs between and including January
2005 and December 2005, (d) 25% of the Original
Subordinate Principal Balance if such Distribution
Date occurs between and including January 2006 and
December 2006, and (e) 30% of the Original Subordinate
Principal Balance if such Distribution Date occurs
during or after January 2007.
Servicer's Certificate: A certificate, completed by
and executed on behalf of the Company by a Servicing
Officer in accordance with Section 4.06, substantially in
the form of Exhibit D hereto or in such other form as the
Company and the Trustee shall agree.
Servicing Fee: As to any Mortgage Loan and
Distribution Date, an amount equal to the product of (i) the
Scheduled Principal Balance of such Mortgage Loan as of the
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Due Date in the preceding calendar month and (ii) the
Servicing Fee Rate for such Mortgage Loan.
Servicing Fee Rate: As to any Mortgage Loan, the per
annum rate identified as such for such Mortgage Loan and set
forth in the Mortgage Loan Schedule.
Servicing Officer: Any officer of the Company involved
in, or responsible for, the administration and servicing of
the Mortgage Loans whose name appears on a list of
servicing officers attached to an Officer's Certificate
furnished to the Trustee by the Company, as such list may
from time to time be amended.
Single Certificate: A Certificate with an Initial
Certificate Principal Balance, or initial Notional
Principal Balance, of $1,000 or, in the case of a Class of
Certificates issued with an initial Class Certificate
Principal Balance or initial Notional Principal Balance of
less than $1,000, such lesser amount.
Special Hazard Loss: (i) A Realized Loss suffered by a
Mortgaged Property on account of direct physical loss,
exclusive of (a) any loss covered by a hazard policy or a
flood insurance policy required to be maintained in respect
of such Mortgaged Property under Section 3.06 and (b) any
loss caused by or resulting from:
(1) normal wear and tear;
(2) conversion or other dishonest act on the part of
the Trustee, the Company or any of their agents or
employees; or
(3) errors in design, faulty workmanship or faulty
materials, unless the collapse of the property or
a part thereof ensues;
or (ii) any Realized Loss suffered by the Trust Fund
arising from or related to the presence or suspected
presence of hazardous wastes or hazardous substances on a
Mortgaged Property unless such loss to a Mortgaged Property
is covered by a hazard policy or a flood insurance policy
required to be maintained in respect of such Mortgaged
Property under Section 3.06.
Special Hazard Loss Amount: As of any Distribution
Date, an amount equal to $6,449,997 minus the sum of (i)
the aggregate amount of Special Hazard Losses that would
have been allocated to the Junior Certificates in
accordance with Section 4.03 in the absence of the Loss
Allocation Limitation and (ii) the Adjustment Amount (as
defined below)
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as most recently calculated. On each anniversary of the
Cut-off Date, the "Adjustment Amount" shall be equal to the
amount, if any, by which the amount calculated in
accordance with the preceding sentence (without giving
effect to the deduction of the Adjustment Amount for such
anniversary) exceeds the lesser of (x) the greater of (A)
the product of the Special Hazard Percentage for such
anniversary multiplied by the outstanding principal balance
of all the Mortgage Loans on the Distribution Date
immediately preceding such anniversary and (B) twice the
outstanding principal balance of the Mortgage Loan which
has the largest outstanding principal balance on the
Distribution Date immediately preceding such anniversary,
and (y) an amount calculated by the Company and approved by
each Rating Agency, which amount shall not be less than
$500,000.
Special Hazard Percentage: As of each anniversary of
the Cut-off Date, the greater of (i) 1.00% and (ii) the
largest percentage obtained by dividing (x) the aggregate
outstanding principal balance (as of the immediately
preceding Distribution Date) of the Mortgage Loans secured
by Mortgaged Properties located in a single, five-digit zip
code area in the State of California by (y) the outstanding
principal balance of all the Mortgage Loans as of the
immediately preceding Distribution Date.
Special Hazard Termination Date: The Distribution Date
upon which the Special Hazard Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
Specified Component: None.
Startup Day: As defined in Section 2.06(c).
Strip Rate: With respect to the Class S Certificates
and any Distribution Date, a variable rate per annum equal
to the excess of (x) the weighted average (by Scheduled
Principal Balance) carried to six decimal places, rounded
down, of the Net Mortgage Rates of the Outstanding Non-
Discount Mortgage Loans as of the Due Date in the preceding
calendar month (or the Cut-off Date, in the case of the
first Distribution Date) over (y) 7.00%; provided, however,
that such calculation shall not include any Mortgage Loan
that was the subject of a Voluntary Principal Prepayment in
full received by the Company (or of which the Company
received notice, in the case of a Mortgage Loan serviced by
a Primary Servicer) on or after the first day but on or
before the 15th day of such preceding calendar month.
Subordinate Certificates: As to any date of
determination, first, the Class B5 Certificates until the
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Class Certificate Principal Balance thereof has been
reduced to zero; second, the Class B4 Certificates until
the Class Certificate Principal Balance thereof has been
reduced to zero; third, the Class B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; fourth, the Class B2 Certificates until
the Class Certificate Principal Balance thereof has been
reduced to zero; fifth, the Class B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; and sixth, the Class M Certificates until
the Class Certificate Principal Balance thereof has been
reduced to zero.
Subordinate Certificate Writedown Amount: As to any
Distribution Date, first, any amount distributed to the
Class PO Certificates on such Distribution Date pursuant to
Section 4.01(a)(iv) and second, after giving effect to the
application of clause first above, the amount by which (i)
the sum of the Class Certificate Principal Balances of all
the Certificates (after giving effect to the distribution
of principal and the application of Realized Losses in
reduction of the Certificate Principal Balances of the
related Certificates on such Distribution Date) exceeds
(ii) the Pool Scheduled Principal Balance on the first day
of the month of such Distribution Date less any Deficient
Valuations occurring on or prior to the Bankruptcy Coverage
Termination Date.
Substitution Amount: With respect to any Mortgage Loan
substituted pursuant to Section 2.03(b), the excess of (x)
the Scheduled Principal Balance of the Mortgage Loan that
is substituted for, over (y) the Scheduled Principal
Balance of the related substitute Mortgage Loan, each
balance being determined as of the date of substitution.
TAC Balance: As to any Distribution Date and any Class
of TAC Certificates and any TAC Component, the balance
designated as such for such Distribution Date and such
Class or Component as set forth in the Principal Balance
Schedules.
TAC Certificates: None.
TAC Component: None.
Trigger Event: Any one or more of the following: (i)
if the Company is not a wholly-owned direct or indirect
subsidiary of General Electric Company or if General
Electric Capital Corporation shall not own (directly or
indirectly) at least two-thirds of the voting shares of the
capital stock of the Company, (ii) if the long-term senior
unsecured rating of General Electric Capital Corporation is
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downgraded or withdrawn by Fitch or S&P below their two
highest rating categories, (iii) if General Electric
Capital Corporation is no longer obligated pursuant to the
terms of the support agreement, dated as of October 1,
1990, between General Electric Capital Corporation and the
Company, to maintain the Company's net worth or liquidity
(as such terms are defined therein) at the levels specified
therein, or if such support agreement, including any
amendment thereto, has been breached, terminated or
otherwise held to be unenforceable and (iv) if such support
agreement, including any amendment thereto, is amended or
modified.
Trust Fund: The corpus of the trust created by this
Agreement evidenced by the Certificates and consisting of:
(i) the Mortgage Loans;
(ii) all payments on or collections in respect of
such Mortgage Loans, except as otherwise described in
the first paragraph of Section 2.01;
(iii) the obligation of the Company to deposit in
the Certificate Account the amounts required by
Sections 3.02(d), 3.02(e) and 4.04(a), and the
obligation of the Trustee to deposit in the
Certificate Account any amount required pursuant to
Section 4.04(b);
(iv) the obligation of the Company to purchase or
replace any Defective Mortgage Loan pursuant to Section
2.02 or 2.03;
(v) the obligation of the Company to purchase any
Modified Mortgage Loan pursuant to Section 3.01(c);
(vi) all property acquired by foreclosure or deed
in lieu of foreclosure with respect to any REO Mortgage
Loan;
(vii) the proceeds of the Primary Insurance
Policies, if any, and the hazard insurance policies
required by Section 3.06, in each case, in respect of
the Mortgage Loans;
(viii) the Certificate Account established pursuant
to Section 3.02(d);
(ix) the Eligible Account or Accounts, if any,
established pursuant to Section 3.02(e); and
(x) any collateral funds established to secure
the obligations of the Holder of the Class B4 and Class
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B5 Certificates, respectively, under any agreements
entered into between such holder and the Company
pursuant to Section 3.08(e).
Trustee: The institution executing this Agreement as
Trustee, or its successor in interest, or if any successor
trustee is appointed as herein provided, then such
successor trustee so appointed.
Unanticipated Recovery: As defined in Section 4.01(e)
herein.
Uninsured Cause: Any cause of damage to property
subject to a Mortgage such that the complete restoration of
the property is not fully reimbursable by the hazard
insurance policies required to be maintained pursuant to
Section 3.06.
Unpaid Class Interest Shortfall: As to any
Distribution Date and any Class of Certificates (other than
any Class of Principal Only Certificates and any Class
consisting of Specified Components) or any Specified
Component (other than any Principal Only Component), the
amount, if any, by which the aggregate of the Class
Interest Shortfalls for such Class or in respect of such
Specified Component for prior Distribution Dates is in
excess of the aggregate amounts distributed on prior
Distribution Dates to Holders of such Class of Certificates
or in respect of such Specified Component (or added to the
Class Certificate Principal Balance of any Class of Accrual
Certificates, or to the Component Principal Balance of any
Accrual Component constituting a Specified Component)
pursuant to Section 4.01(a)(ii), in the case of the Senior
Certificates and any Specified Component thereof (other
than any Principal Only Component), and the Class S
Certificates, Section 4.01(a)(vi), in the case of the Class
M Certificates, Section 4.01(a)(ix), in the case of the
Class B1 Certificates, Section 4.01(a)(xii), in the case of
the Class B2 Certificates, Section 4.01(a)(xv), in the case
of the Class B3 Certificates, Section 4.01(a)(xviii), in
the case of the Class B4 Certificates, and Section
4.01(a)(xxi), in the case of the Class B5 Certificates. As
to any Class of Certificates consisting of Specified
Components and any Distribution Date, the sum of the Unpaid
Class Interest Shortfalls for the Specified Components
thereof on such date.
Voluntary Principal Prepayment: With respect to any
Distribution Date, any prepayment of principal received from
the related Mortgagor on a Mortgage Loan (including the
Purchase Price of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c)).
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Voting Rights: The portion of the voting rights of all
the Certificates that is allocated to any Certificate for
purposes of the voting provisions of Section 10.01. At all
times during the term of this Agreement, 98% of all Voting
Rights shall be allocated to the Certificates other than
the Class S Certificates, and 2% of all Voting Rights shall
be allocated to the Class S Certificates. Voting Rights
allocated to the Class S Certificates shall be allocated
among the Certificates of such Class in proportion to their
Notional Principal Balances. Voting Rights allocated to the
other Classes of Certificates shall be allocated among such
Classes (and among the Certificates within each such Class)
in proportion to their Class Certificate Principal Balances
(or Certificate Principal Balances), as the case may be.
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans. The
Company, concurrently with the execution and delivery of this
Agreement, does hereby transfer, assign, set-over and otherwise
convey to the Trustee without recourse (except as provided
herein) all the right, title and interest of the Company in and
to the Mortgage Loans, including all interest and principal
received by the Company on or with respect to the Mortgage Loans
(other than payments of principal and interest due and payable on
the Mortgage Loans on or before, and all Principal Prepayments
received before, the Cut-off Date).
In connection with such transfer and assignment, the
Company does hereby deliver to the Trustee the following
documents or instruments with respect to each Mortgage Loan
(other than any Designated Loan) so transferred and assigned:
(i) The Mortgage Note, endorsed without recourse in
blank by the Company, including all intervening
endorsements showing a complete chain of endorsement from
the originator to the Company; provided, however, that if
such Mortgage Note is a Confirmatory Mortgage Note, such
Confirmatory Mortgage Note may be payable directly to the
Company or may show a complete chain of endorsement from
the named payee to the Company;
(ii) Any assumption and modification agreement; and
(iii) An assignment in recordable form (which may be
included in a blanket assignment or assignments) of the
Mortgage to the Trustee.
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In instances where a completed assignment of the
Mortgage in recordable form cannot be delivered by the Company to
the Trustee prior to or concurrently with the execution and
delivery of this Agreement, due to a delay in connection with
recording of the Mortgage, the Company may, in lieu of delivering
the completed assignment in recordable form, deliver to the
Trustee the assignment in such form, otherwise complete except
for recording information.
With respect to each Designated Loan, the Company does
hereby deliver to the Trustee the Designated Loan Closing
Documents.
In connection with each Mortgage Loan transferred and
assigned to the Trustee, the Company shall deliver to the Trustee
the following documents or instruments as promptly as
practicable, but in any event within 30 days, after receipt by
the Company of all such documents and instruments for all of the
outstanding Mortgage Loans:
(i) the Mortgage with evidence of recording indicated
thereon;
(ii) a copy of the title insurance policy; and
(iii) with respect to any Mortgage that has been
assigned to the Company, the related recorded intervening
assignment or assignments of Mortgage, showing a complete
chain of assignment from the originator to the Company.
Pending such delivery, the Company shall retain in its files (a)
copies of the documents described in clauses (i) and (iii) of the
preceding sentence, without evidence of recording thereon, and
(b) title insurance binders with respect to the Mortgage Loans.
The Company shall also retain in its files evidence of any
primary mortgage insurance relating to the Mortgage Loans during
the period when the related insurance is in force. Pending
delivery of the documents referred to in the second preceding
sentence, such evidence of primary mortgage insurance shall
include a copy of the relevant Primary Insurance Policy. (The
copies of the Mortgage, intervening assignments of Mortgage, if
any, title insurance binder and the Primary Insurance Policy, if
any, described in the second and third preceding sentences are
collectively referred to herein as the "Document File" with
respect to each Mortgage Loan.) The Company shall advise the
Trustee in writing if such delivery to the Trustee shall not have
occurred on or before the first anniversary of the Closing Date.
The Company shall promptly furnish to the Trustee the documents
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
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a Trigger Event. The Trustee shall have no obligation to request
delivery of the Document Files unless a Responsible Officer of
the Trustee has actual notice or knowledge of the occurrence of a
Trigger Event.
In the case of Mortgage Loans which have been prepaid
in full after the Cut-off Date and prior to the date of execution
and delivery of this Agreement, the Company, in lieu of
delivering the above documents to the Trustee, herewith delivers
to the Trustee a certification of a Servicing Officer of the
nature set forth in Section 3.09.
The Company shall not be required to record the
assignments of the Mortgages to the Trustee unless the Company or
the Trustee obtains actual notice or knowledge of the occurrence
of any Trigger Event; provided, however, that such recording
shall not be required if the Company delivers to the Trustee a
letter from each Rating Agency to the effect that the failure to
take such action will not cause such Rating Agency to reduce or
withdraw its then current ratings of the Certificates. The party
obtaining actual notice or knowledge of any of such events shall
give the other party prompt written notice thereof. For purposes
of the foregoing (as well as for purposes of determining whether
the Company shall be required to deliver the Document Files to
the Trustee following the occurrence of a Trigger Event), the
Company shall be deemed to have knowledge of any such downgrading
referred to in the definition of Trigger Event if, in the
exercise of reasonable diligence, the Company has or should have
had knowledge thereof. As promptly as practicable subsequent to
the Company's delivery or receipt of such written notice, as the
case may be, the Company shall insert the recording information
in the assignments of the Mortgages to the Trustee and shall
cause the same to be recorded, at the Company's expense, in the
appropriate public office for real property records, except that
the Company need not cause to be so completed and recorded any
assignment which relates to a Mortgage Loan secured by property
in a jurisdiction under the laws of which, on the basis of an
Opinion of Counsel reasonably satisfactory to the Trustee and
satisfactory to each Rating Agency (as evidenced in writing),
recordation of such assignment is not necessary to protect the
Trustee against discharge of such Mortgage Loan by the Company or
any valid assertion that any Person other than the Trustee has
title to or any rights in such Mortgage Loan. In the event that
the Company fails or refuses to record the assignment of
Mortgages in the circumstances provided above, the Trustee shall
record or cause to be recorded such assignment at the expense of
the Company. In connection with the recording of any such
assignment, the Company shall furnish such documents as may be
reasonably necessary to accomplish such recording.
Notwithstanding the foregoing, at any time the Company may
record, or cause to be recorded, the assignments of Mortgages at
the expense of the Company.
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Section 2.02. Acceptance by Trustee. Subject to the
examination hereinafter provided, the Trustee acknowledges
receipt of the Mortgage Notes, the assignments of the Mortgages
to the Trustee, the assumption and modification agreements, if
any, and the Designated Loan Closing Documents, if any, delivered
pursuant to Section 2.01, and declares that the Trustee holds and
will hold such documents and each other document delivered to it
pursuant to Section 2.01 in trust, upon the trusts herein set
forth, for the use and benefit of all present and future
Certificateholders. The Trustee agrees, for the benefit of
Certificateholders, to review each Mortgage File within 45 days
after (i) the execution and delivery of this Agreement, in the
case of the Mortgage Notes, the assignments of the Mortgages to
the Trustee, the assumption and modification agreements, if any,
and the Designated Loan Closing Documents, if any, (ii) delivery
to the Trustee after the Closing Date of the Mortgage Notes and
the assumption and modification agreements, if any, with respect
to each Designated Loan, and (iii) delivery of the recorded
Mortgages, title insurance policies and recorded intervening
assignments of Mortgage, if any, to ascertain that all required
documents set forth in Section 2.01 have been executed, received
and recorded, if applicable, and that such documents relate to
the Mortgage Loans identified in Exhibit C hereto. In performing
such examination, the Trustee may conclusively assume the due
execution and genuineness of any such document and the
genuineness of any signature thereon. It is understood that the
scope of the Trustee's examination of the Mortgage Files is
limited solely to confirming, after receipt of the documents
listed in Section 2.01, that such documents have been executed,
received and recorded, if applicable, and relate to the Mortgage
Loans identified in Exhibit C to this Agreement. If in the course
of such review the Trustee finds (1) that any document required
to be delivered as aforesaid has not been delivered, or (2) any
such document has been mutilated, defaced or physically altered
without the borrower's authorization or approval, or (3) based
upon its examination of such documents, the information with
respect to any Mortgage Loan set forth on Exhibit C is not
accurate, the Trustee shall promptly so notify the Company in
writing, which shall have a period of 60 days after receipt of
such notice to correct or cure any such defect. The Company
hereby covenants and agrees that, if any such material defect
cannot be corrected or cured, the Company will on a Distribution
Date which is not later than the first Distribution Date which is
more than ten days after the end of such 60-day period repurchase
the related Mortgage Loan from the Trustee at the Purchase Price
therefor or replace such Mortgage Loan pursuant to Section
2.03(b); provided, however, that if the defect (or breach
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
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Date which falls within 90 days of the date of discovery of such
defect or breach. The Purchase Price for the repurchased Mortgage
Loan, or any amount required in respect of a substitution
pursuant to Section 2.03(b), shall be deposited by the Company in
the Certificate Account pursuant to Section 3.02(d) on the
Business Day prior to the applicable Distribution Date and, upon
receipt by the Trustee of written notification of such deposit
signed by a Servicing Officer, the Trustee shall release or cause
to be released to the Company the related Mortgage File and shall
execute and deliver or cause to be executed and delivered such
instruments of transfer or assignment, in each case without
recourse, as shall be necessary to vest in the Company any
Mortgage Loan released pursuant hereto. It is understood and
agreed that the obligation of the Company to repurchase or
replace any Mortgage Loan as to which a material defect in a
constituent document exists shall constitute the sole remedy
respecting such defect available to Certificateholders or the
Trustee on behalf of Certificateholders.
Upon receipt by the Trustee of the Mortgage Note with
respect to a Designated Loan that is not defective in accordance
with the fifth sentence of the preceding paragraph, the related
Lost Note Affidavit delivered pursuant to Section 2.01 shall be
void and the Trustee shall return it to the Company.
Section 2.03. Representations and Warranties of the
Company; Mortgage Loan Repurchase. (a) The Company hereby
represents and warrants to the Trustee that:
(i) The information set forth in Exhibit C hereto was
true and correct in all material respects at the date or
dates respecting which such information is furnished;
(ii) As of the date of the initial issuance of the
Certificates, each Mortgage is a valid and enforceable
first lien on the property securing the related Mortgage
Note subject only to (a) the lien of current real property
taxes and assessments, (b) covenants, conditions and
restrictions, rights of way, easements and other matters of
public record as of the date of recording of such Mortgage,
such exceptions appearing of record being acceptable to
mortgage lending institutions generally in the area wherein
the property subject to the Mortgage is located or
specifically reflected in the appraisal obtained in
connection with the origination of the related Mortgage
Loan obtained by the Company and (c) other matters to which
like properties are commonly subject which do not
materially interfere with the benefits of the security
intended to be provided by such Mortgage;
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(iii) Immediately prior to the transfer and assignment
herein contemplated, the Company had good title to, and was
the sole owner of, each Mortgage Loan and all action had
been taken to obtain good record title to each related
Mortgage. Each Mortgage Loan has been transferred free and
clear of any liens, claims and encumbrances;
(iv) As of the date of the initial issuance of the
Certificates, no payment of principal of or interest on or
in respect of any Mortgage Loan is 30 or more days past due
and none of the Mortgage Loans have been past due 30 or
more days more than once during the preceding 12 months;
(v) As of the date of the initial issuance of the
Certificates, there is no mechanics' lien or claim for
work, labor or material affecting the premises subject to
any Mortgage which is or may be a lien prior to, or equal
or coordinate with, the lien of such Mortgage except those
which are insured against by the title insurance policy
referred to in (x) below;
(vi) As of the date of the initial issuance of the
Certificates, there is no delinquent tax or assessment lien
against the property subject to any Mortgage;
(vii) As of the date of the initial issuance of the
Certificates, there is no valid offset, defense or
counterclaim to any Mortgage Note or Mortgage, including
the obligation of the Mortgagor to pay the unpaid principal
and interest on such Mortgage Note;
(viii) As of the date of the initial issuance of the
Certificates, the physical property subject to any Mortgage
is free of material damage and is in good repair;
(ix) Each Mortgage Loan at the time it was made
complied in all material respects with applicable state and
federal laws, including, without limitation, usury, equal
credit opportunity and disclosure laws;
(x) A lender's title insurance policy or binder, or
other assurance of title insurance customary in the
relevant jurisdiction therefor was issued on the date of
the origination of each Mortgage Loan and each such policy
or binder is valid and remains in full force and effect;
(xi) The original principal amount of each Mortgage
Note was not more than 95.00% of the Original Value; as of
the Cut-off Date, no more than 17.50% of the Mortgage Loans
by Scheduled Principal Balance had original principal
amounts of more than 80% of the Original Value and each
Mortgage Note having an original principal amount in excess
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of 80% of the Original Value is covered by a Primary
Insurance Policy so long as its then outstanding principal
amount exceeds 80% of the greater of (a) the Original Value
and (b) the then current value of the related Mortgaged
Property as evidenced by an appraisal thereof satisfactory
to the Company. Each Primary Insurance Policy is issued by
a private mortgage insurer acceptable to FNMA or FHLMC;
(xii) Each Mortgage Note is payable on the first day of
each month in self-amortizing monthly installments of
principal and interest, with interest payable in arrears,
over an original term of not more than thirty years. The
Mortgage Rate of each Mortgage Note of the related Mortgage
Loan was not less than 6.875% per annum and not greater
than 9.000% per annum. The Mortgage Rate of each Mortgage
Note is fixed for the life of the related Mortgage Loan;
(xiii) The improvements on the Mortgaged Properties are
insured against loss under a hazard insurance policy with
extended coverage and conforming to the requirements of
Section 3.06 hereof. As of the date of initial issuance of
the Certificates, all such insurance policies are in full
force and effect;
(xiv) As of the Cut-off Date, (i) no more than 8.75% of
the Mortgage Loans by Scheduled Principal Balance had a
Scheduled Principal Balance of more than $500,000 and up to
and including $750,000; (ii) no more than 1.75% of the
Mortgage Loans by Scheduled Principal Balance had a
Scheduled Principal Balance of more than $750,000 and up to
and including $1,000,000; and (iii) no more than 0.25% of
the Mortgage Loans by Scheduled Principal Balance had a
Scheduled Principal Balance of more than $1,000,000;
(xv) As of the Cut-off Date, no more than 1% of the
Mortgage Loans by Scheduled Principal Balance are secured
by Mortgaged Properties located in any one postal zip code
area;
(xvi) As of the Cut-off Date, at least 97.75% of the
Mortgage Loans by Scheduled Principal Balance are secured
by Mortgaged Properties determined by the Company to be the
primary residence of the Mortgagor. The basis for such
determination is the making of a representation by the
Mortgagor at origination that he or she intends to occupy
the underlying property;
(xvii) As of the Cut-off Date, at least 93.50% of the
Mortgage Loans by Scheduled Principal Balance are secured
by one-family detached residences;
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(xviii) As of the Cut-off Date, no more than 3.00% of the
Mortgage Loans by Scheduled Principal Balance are secured
by condominiums and, as of the Cut-off Date, no more than
1.25% of the Mortgage Loans by Scheduled Principal Balance
are secured by two- to four-family residential properties.
As to each condominium or related Mortgage Loan, (a) the
related condominium is in a project that is on the FNMA or
FHLMC approved list, (b) the related condominium is in a
project that, upon submission of appropriate application,
could be so approved by either FNMA or FHLMC, (c) the
related Mortgage Loan meets the requirements for purchase
by FNMA or FHLMC, (d) the related Mortgage Loan is of the
type that could be approved for purchase by FNMA or FHLMC
but for the principal balance of the related Mortgage Loan
or the pre-sale requirements or (e) the related Mortgage
Loan has been approved by a nationally recognized mortgage
pool insurance company for coverage under a mortgage pool
insurance policy issued by such insurer. As of the Cut-off
Date, no more than 0.25% of the Mortgage Loans by Scheduled
Principal Balance are secured by condominiums located in
any one postal zip code area;
(xix) No Mortgage Loan is secured by a leasehold
interest in the related Mortgaged Property, and each
Mortgagor holds fee title to the related Mortgaged
Property;
(xx) As of the Cut-off Date, no more than 0.50% of the
Mortgage Loans by Scheduled Principal Balance constituted
Buydown Mortgage Loans. The maximum Buydown Period for any
Buydown Mortgage Loan is three years, and the maximum
difference between the stated Mortgage Rate of any Buydown
Mortgage Loan and the rate paid by the related Mortgagor is
three percentage points. Each Buydown Mortgage Loan has
been fully funded;
(xxi) The original principal balances of the Mortgage
Loans range from $42,345 to $1,430,000;
(xxii) As of the Cut-off Date, no more than 1.50% of the
Mortgage Loans by Scheduled Principal Balance are secured
by second homes and no more than 0.75% of the Mortgage
Loans by Scheduled Principal Balance are secured by
investor-owned properties;
(xxiii) All appraisals have been prepared substantially in
accordance with the description contained under the caption
"The Trust Fund - The Mortgage Loans" in the prospectus
dated December 17, 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;
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(xxiv) No selection procedures, other than those
necessary to comply with the representations and warranties
set forth herein or the description of the Mortgage Loans
made in any disclosure document delivered to prospective
investors in the Certificates, have been utilized in
selecting the Mortgage Loans from the Company's portfolio
which would be adverse to the interests of the
Certificateholders;
(xxv) To the best of the Company's knowledge, at
origination no improvement located on or being part of a
Mortgaged Property was in violation of any applicable
zoning and subdivision laws and ordinances;
(xxvi) None of the Mortgage Loans is a temporary
construction loan. With respect to any Mortgaged Property
which constitutes new construction, the related
construction has been completed substantially in accordance
with the specifications therefor and any incomplete aspect
of such construction shall not be material or interfere
with the habitability or legal occupancy of the Mortgaged
Property. Mortgage Loan amounts sufficient to effect any
such completion are in escrow for release upon or in
connection with such completion or a performance bond or
completion bond is in place to provide funds for this
purpose and such completion shall be accomplished within
120 days after weather conditions permit the commencement
thereof;
(xxvii) As of the Closing Date, each Mortgage Loan is a
"qualified mortgage" as defined in Section 860G(a)(3) of the
Code; and
(xxviii) As of the Closing Date, the Company possesses the
Document File with respect to each Mortgage Loan, and the
related Mortgages and intervening assignment or assignments
of Mortgages, if any, have been delivered to a title
insurance company for recording.
It is understood and agreed that the representations
and warranties set forth in this Section 2.03(a) shall survive
delivery of the respective Mortgage Files to the Trustee. Upon
discovery by either the Company or the Trustee of a breach of any
of the foregoing representations and warranties which materially
and adversely affects the interests of the Certificateholders in
the related Mortgage Loan, the party discovering such breach
shall give prompt written notice to the other. Subject to the
following sentence, within 60 days of its discovery or its
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
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the Trustee or replace such Mortgage Loan pursuant to Section
2.03(b). Any such repurchase by the Company shall be accomplished
in the manner set forth in Section 2.02, subject to the proviso
of the third-to-last sentence thereof, and at the Purchase Price.
It is understood and agreed that the obligation of the Company to
repurchase or replace any Mortgage Loan as to which a breach
occurred and is continuing shall constitute the sole remedy
respecting such breach available to Certificateholders or the
Trustee on behalf of Certificateholders and such obligation of
the Company to repurchase or replace any such Mortgage Loan shall
not be assumed by any Person which may succeed the Company as
servicer hereunder, but shall continue as an obligation of the
Company. Notwithstanding the preceding sentence, if a breach of
the representation and warranty of the Company contained in
Section 2.03(a)(ix) occurs as a result of a violation of the
federal Truth in Lending Act, 15 U.S.C. ss. 1601 et seq., as
amended ("TILA") or any state truth-in lending or similar
statute, and the Trustee or the Trust Fund is named as a
defendant in a TILA suit or a suit under any such statutes in
respect of such violation and liability in respect thereof is
imposed upon the Trustee or the Trust Fund as assignees of the
related Mortgage Loan pursuant to Section 1641 of TILA, or any
analogous provision of any such statute, the Company shall
indemnify the Trustee and the Trust Fund from, and hold them
harmless against, any and all losses, liabilities, damages,
claims or expenses (including reasonable attorneys' fees) to
which the Trustee and the Trust Fund, or either of them, become
subject pursuant to TILA or any such statute, insofar as such
losses, damages, claims or expenses (including reasonable
attorneys' fees) result from such violation. The Company's
obligations under the preceding sentence shall not impair or
derogate from the Company's obligations to the Trustee under
Section 8.05.
(b) If the Company is required to repurchase any
Mortgage Loan pursuant to Section 2.02 or 2.03(a), the Company
may, at its option, within the applicable time period specified
in such respective Sections, remove such Defective Mortgage Loan
from the terms of this Agreement and substitute one or more other
mortgage loans for such Defective Mortgage Loan, in lieu of
repurchasing such Defective Mortgage Loan, provided that no such
substitution shall occur more than two years after the Closing
Date. Any substitute Mortgage Loan shall (a) have a Scheduled
Principal Balance (together with that of any other Mortgage Loan
substituted for the same Defective Mortgage Loan) as of the first
Distribution Date following the month of substitution not in
excess of the Scheduled Principal Balance of the Defective
Mortgage Loan as of such date (the amount of any difference, plus
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
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Mortgage Rate of the Defective Mortgage Loan, (c) have the same
Net Mortgage Rate as the Defective Mortgage Loan, (d) have a
remaining term to stated maturity not later than, and not more
than one year less than, the remaining term to stated maturity of
the Defective Mortgage Loan, (e) be, in the reasonable
determination of the Company, of the same type, quality and
character as the Defective Mortgage Loan as if the defect or
breach had not occurred, (f) have a ratio of its current
principal amount to its Original Value not greater than that of
the removed Mortgage Loan and (g) be, in the reasonable
determination of the Company, in compliance with the
representations and warranties contained in Section 2.03(a) as of
the date of substitution.
The Company shall amend the Mortgage Loan Schedule to
reflect the withdrawal of any Defective Mortgage Loan and the
substitution of a substitute Mortgage Loan therefor. Upon such
amendment the Company shall be deemed to have made as to such
substitute Mortgage Loan the representations and warranties set
forth in Section 2.03(a) as of the date of such substitution,
which shall be continuing as long as any Certificate shall be
outstanding or this Agreement has not been terminated, and the
remedies for breach of any such representation or warranty shall
be as set forth in Section 2.03(a). Upon such amendment, the
Trustee shall review the Mortgage File delivered to it relating
to the substitute Mortgage Loan, within the time and in the
manner and with the remedies specified in Section 2.02, except
that for purposes of this Section 2.03(b) (other than the
two-year period specified in the first sentence of the preceding
paragraph of this Section 2.03(b)), such time shall be measured
from the date of the applicable substitution.
Section 2.04. Execution of Certificates. The Trustee
has caused to be executed, countersigned and delivered to or upon
the order of the Company, in exchange for the Mortgage Loans, the
Certificates in authorized denominations evidencing the entire
ownership of the Trust Fund.
Section 2.05. Designations under the REMIC Provisions.
(a) The Company hereby designates the Classes of Certificates
identified in Section 5.01(b), other than the Residual
Certificates, as "regular interests," and the Class R Certificate
as the single class of "residual interests," in the REMIC
established hereunder for purposes of the REMIC Provisions.
(b) The Closing Date will be the "Startup Day" for the
REMIC established hereunder for purposes of the REMIC Provisions.
(c) The "tax matters person" with respect to the REMIC
established hereunder for purposes of the REMIC Provisions shall
be (i) the Company, if the Company is the owner of a Class R
Certificate, or (ii) in any other case, the beneficial owner of
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the Class R Certificate having the largest Percentage Interest of
such Class; provided, however, that such largest beneficial owner
and, to the extent relevant, each other holder of a Class R
Certificate, by its acceptance thereof irrevocably appoints the
Company as its agent and attorney-in-fact to act as "tax matters
person" with respect to the REMIC established hereunder for
purposes of the REMIC Provisions.
(d) The "latest possible maturity date" of the regular
interests in the REMIC established hereunder is the Latest
Possible Maturity Date for purposes of section 860G(a)(1) of the
Code.
(e) In no event shall the assets described in clause
(x) of the definition of the term Trust Fund constitute a part of
the REMIC established hereunder.
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer. (a) It is
intended that the REMIC established hereunder shall constitute,
and that the affairs of the REMIC shall be conducted so as to
qualify the Trust Fund (other than any collateral fund
established under the agreement referred to in Section 3.08(e)),
as a "real estate mortgage investment conduit" as defined in and
in accordance with the REMIC Provisions. In furtherance of such
intention, the Company covenants and agrees that it shall act as
agent (and the Company is hereby appointed to act as agent) on
behalf of the Trust Fund and the Holders of the Residual
Certificates and that in such capacity it shall:
(i) prepare and file, or cause to be prepared and
filed, in a timely manner, a U.S. Real Estate Mortgage
Investment Conduit Income Tax Return (Form 1066) and
prepare and file or cause to be prepared and filed with the
Internal Revenue Service and applicable state or local tax
authorities income tax or information returns for each
taxable year with respect to the REMIC established
hereunder, using the calendar year as the taxable year and
the accrual method of accounting, containing such
information and at the times and in the manner as may be
required by the Code or state or local tax laws,
regulations, or rules, and shall furnish or cause to be
furnished to Certificateholders the schedules, statements
or information at such times and in such manner as may be
required thereby;
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(ii) within thirty days of the Closing Date, shall
furnish or cause to be furnished to the Internal Revenue
Service, on Form 8811 or as otherwise may be required by
the Code, the name, title, address, and telephone number of
the person that the holders of the Certificates may contact
for tax information relating thereto (and the Company shall
act as the representative of the REMIC established
hereunder for this purpose), together with such additional
information as may be required by such Form, and shall
update such information at the time or times and in the
manner required by the Code;
(iii) make or cause to be made an election, on behalf of
the REMIC established hereunder, to be treated as a REMIC,
and make the appropriate designations, if applicable, in
accordance with Section 2.05 hereof on the federal tax
return of the Trust Fund for its first taxable year (and,
if necessary, under applicable state law);
(iv) prepare and forward, or cause to be prepared and
forwarded, to the Certificateholders and to the Internal
Revenue Service and, if necessary, state tax authorities,
all information returns or reports, or furnish or cause to
be furnished by telephone, mail, publication or other
appropriate method such information, as and when required
to be provided to them in accordance with the REMIC
Provisions, including without limitation, the calculation
of any original issue discount using the Prepayment
Assumption Multiple;
(v) provide information necessary for the computation
of tax imposed on the transfer of a Residual Certificate to
a Disqualified Organization, or an agent (including a
broker, nominee or other middleman) of a Disqualified
Organization, or a pass-through entity in which a
Disqualified Organization is the record holder of an
interest (the reasonable cost of computing and furnishing
such information may be charged to the Person liable for
such tax);
(vi) use its best reasonable efforts to conduct the
affairs of the REMIC established hereunder at all times
that any Certificates are outstanding so as to maintain the
status thereof as a REMIC under the REMIC Provisions;
(vii) not knowingly or intentionally take any action or
omit to take any action that would cause the termination of
the REMIC status of the REMIC or that would subject the
Trust Fund to tax, except for taxes for which the Company
is required to indemnify the REMIC pursuant to Section
3.01(c);
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(viii) exercise reasonable care not to allow the creation
of any "interests" in the REMIC within the meaning of
section 860D(a)(2) of the Code other than the interests
represented by the Classes of Certificates identified in
Section 5.01(b);
(ix) exercise reasonable care not to allow the
occurrence of any "prohibited transactions" within the
meaning of section 860F of the Code, unless (1) the Company
shall have provided an Opinion of Counsel to the Trustee
that such occurrence would not (a) result in a taxable
gain, (b) otherwise subject the Trust Fund to tax, or (c)
cause the REMIC established hereunder to fail to qualify as
a REMIC or (2) such "prohibited transactions" arise from
the modification, holding or purchase of a Modified
Mortgage Loan pursuant to Section 3.01(c);
(x) exercise reasonable care not to allow the Trust
Fund to receive income from the performance of services or
from assets not permitted under the REMIC Provisions to be
held by a REMIC, except such as may arise from the
modification, holding or purchase of a Modified Mortgage
Loan pursuant to Section 3.01(c);
(xi) pay the amount of any federal or state tax,
including prohibited transaction taxes, taxes on certain
contributions to the REMIC after the Startup Day, and taxes
on net income from foreclosure property, imposed on the
Trust Fund when and as the same shall be due and payable
(but such obligation shall not prevent the Company or any
other appropriate Person from contesting any such tax in
appropriate proceedings and shall not prevent the Company
from withholding payment of such tax, if permitted by law,
pending the outcome of such proceedings);
(xii) ensure that federal, state or local income tax or
information returns shall be signed by the Trustee or such
other person as may be required to sign such returns by the
Code or state or local laws, regulations or rules; and
(xiii) maintain such records relating to the REMIC
established hereunder, including but not limited to the
income, expenses, individual Mortgage Loans (including
Mortgaged Property), other assets and liabilities thereof,
and the fair market value and adjusted basis of the
property of each determined at such intervals as may be
required by the Code, as may be necessary to prepare the
foregoing returns, schedules, statements or information.
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
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that such taxes are imposed as a result of the bad faith,
misfeasance or negligence of the Company in the performance of
its obligations hereunder. The Company shall not be entitled to
be reimbursed for any taxes paid pursuant to the indemnification
provisions of Section 3.01(c) (except as provided therein). With
respect to any reimbursement of prohibited transaction taxes, the
Company shall inform the Trustee of the circumstances under which
such taxes were incurred.
(b) The Company shall service and administer the
Mortgage Loans and shall have full power and authority, acting
alone or through one or more Primary Servicers, to do any and all
things in connection with such servicing and administration which
it may deem necessary or desirable. Without limiting the
generality of the foregoing, the Company shall continue, and is
hereby authorized and empowered by the Trustee, to execute and
deliver, or file, as appropriate, on behalf of itself, the
Certificateholders and the Trustee or any of them, any and all
continuation statements, termination statements, instruments of
satisfaction or cancellation, or of partial or full release or
discharge and all other comparable instruments, with respect to
the Mortgage Loans and with respect to the properties subject to
the Mortgages. Without limitation of the foregoing, if the
Company in its individual capacity agrees to refinance any
Mortgage Loan upon the request of the related Mortgagor, the
Company, as servicer hereunder, may execute an instrument of
assignment in customary form to the Company in its individual
capacity. In connection with any such refinancing, the Trustee
shall, upon certification of a Servicing Officer to the effect
that an amount equal to the principal balance of the related
Mortgage Loan together with accrued and unpaid interest thereon
at the applicable Net Mortgage Rate to the date of such
certification has been credited to the Mortgage Loan Payment
Record, release the related Mortgage File to the Company
whereupon the Company may cancel the related Mortgage Note. Upon
request by the Company after the execution and delivery of this
Agreement, the Trustee shall furnish the Company with any powers
of attorney and other documents necessary or appropriate to
enable the Company to carry out its servicing and administrative
duties hereunder. Except as otherwise provided herein, the
Company shall maintain servicing standards substantially
equivalent to those required for approval by FNMA or FHLMC. The
Company shall not agree to any modification of the material terms
of any Mortgage Loan except as provided in Section 3.01(c), the
second sentence of Section 3.02(a) and in Section 3.07. The
Company shall not release any portion of any Mortgaged Property
from the lien of the related Mortgage unless the related Mortgage
Loan would be a "qualified mortgage" within the meaning of the
REMIC Provisions following such release.
(c) The Company may agree to a modification of any
Mortgage Loan (the "Relevant Mortgage Loan") upon the request of
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the related Mortgagor, provided that (i) the modification is in
lieu of a refinancing and the Mortgage Rate on the Relevant
Mortgage Loan, as modified, is approximately a prevailing market
rate for newly-originated mortgage loans having similar terms,
(ii) the aggregate of the adjusted bases of all Modified Mortgage
Loans (including the Relevant Mortgage Loan) plus the aggregate
adjusted bases of any assets that are not qualified mortgages or
Permitted Investments under Code Section 860GA that are assets of
the REMIC established hereunder at all times on any day is less
than one percent of the aggregate of the adjusted bases of all
assets of the REMIC (including such Modified Mortgage Loans) on
such day, and (iii) the Company purchases the Relevant Mortgage
Loan from the Trust Fund as described below. Effective
immediately after such modification, and, in any event, on the
same Business Day on which the modification occurs, all right,
title and interest of the Trustee in and to the Modified Mortgage
Loan shall automatically be deemed transferred and assigned to
the Company and all benefits and burdens of ownership thereof,
including without limitation the right to accrued interest
thereon from and including the date of modification and the risk
of default thereon, shall pass to the Company. To confirm such
transfer and assignment, the Company, as servicer hereunder, as
soon as practicable shall execute an instrument of assignment of
the Modified Mortgage Loan without recourse in customary form to
the Company in its individual capacity. The Company shall
promptly deliver to the Trustee a certification of a Servicing
Officer to the effect that (i) an amount equal to the Purchase
Price of such Modified Mortgage Loan has been credited to the
Mortgage Loan Payment Record on the date of the transfer and
assignment of such Modified Mortgage Loan to the Company and (ii)
all requirements of the first paragraph of this subsection (c)
have been satisfied with respect to such Modified Mortgage Loan.
The Company shall deposit the Purchase Price for any
Modified Mortgage Loan in the Certificate Account pursuant to
Section 3.02(d) on the Business Day prior to the Distribution
Date on which such funds are considered Available Funds,
provided, however, that if the Company is required to deposit
funds in one or more Eligible Accounts on a daily basis pursuant
to Section 3.02(e), the Purchase Price for any Modified Mortgage
Loan shall be deposited therein within one Business Day after the
purchase of such Modified Mortgage Loan. Upon receipt by the
Trustee of written notification of any such deposit signed by a
Servicing Officer, the Trustee shall release to the Company the
related Mortgage File and shall execute and deliver such
instruments of transfer or assignment, in each case without
recourse, as shall be necessary more fully to vest in the Company
any Modified Mortgage Loan previously transferred and assigned
pursuant hereto.
The Company covenants and agrees to indemnify the
Trust Fund against any and all liability for any "prohibited
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transaction" taxes and any related interest, additions and
penalties imposed on the REMIC established hereunder as a result
of any modification of a Mortgage Loan effected pursuant to this
subsection (c), any holding of a Modified Mortgage Loan by the
REMIC or any purchase of a Modified Mortgage Loan by the Company
(but such obligation shall not prevent the Company or any other
appropriate Person from contesting any such tax in appropriate
proceedings and shall not prevent the Company from withholding
payment of such tax, if permitted by law, pending the outcome of
such proceedings). The Company shall have no right of
reimbursement for any amount paid pursuant to the foregoing
indemnification, except to the extent that the amount of any tax,
interest and penalties, together with interest thereon, is
refunded to the Trust Fund or the Company.
(d) The relationship of the Company (and of any
successor to the Company as servicer under this Agreement) to the
Trustee under this Agreement is intended by the parties to be
that of an independent contractor and not that of a joint
venturer, partner or agent.
(e) All costs incurred by the Company in effecting the
timely payment of taxes and assessments on the properties subject
to the Mortgage Loans shall not, for the purpose of calculating
monthly distributions to Certificateholders, be added to the
amount owing under the related Mortgage Loans, notwithstanding
that the terms of such Mortgage Loans so permit, and such costs
shall be recoverable by the Company to the extent permitted by
Section 3.04. The Company shall collect such amounts from the
Mortgagor and shall credit the Mortgage Loan Payment Record
accordingly.
(f) If the Company enters into a servicing agreement
with any servicer (a "Primary Servicer") pursuant to which such
Primary Servicer shall directly service certain Mortgage Loans
and the Company shall perform master servicing with respect
thereto, the Company shall not be released from its obligations
to the Trustee and Certificateholders with respect to the
servicing and administration of the Mortgage Loans in accordance
with the provisions of Article III hereof and such obligations
shall not be diminished by virtue of any such servicing agreement
or arrangement and the Company shall be obligated to the same
extent and under the same terms and conditions as if the Company
alone were servicing and administering the Mortgage Loans. Any
amounts received by a Primary Servicer in respect of a Mortgage
Loan shall be deemed to have been received by the Company whether
or not actually received by it. Any servicing agreement that may
be entered into and any transactions or services relating to the
Mortgage Loans involving a Primary Servicer in its capacity as
such shall be deemed to be between the Company and the Primary
Servicer alone, and the Trustee and the Certificateholders shall
have no claims, obligations, duties or liabilities with respect
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thereto. Notwithstanding the foregoing, in the event the Company
has been removed as the servicer hereunder pursuant to Section
6.04 or Section 7.01, the Trustee or any successor servicer
appointed pursuant to Section 7.02 shall succeed to all of the
Company's rights and interests (but not to any obligations or
liabilities of the Company arising prior to the date of
succession) under any servicing agreement with any Primary
Servicer in respect of the Mortgage Loans, subject to the
limitation on the Trustee's responsibilities under Section 7.02.
(g) In no event shall any collateral fund established
under the agreement referred to in Section 3.08(e) constitute an
asset of any REMIC established hereunder.
Section 3.02. Collection of Certain Mortgage Loan
Payments; Mortgage Loan Payment Record; Certificate Account. (a)
The Company shall make reasonable efforts to collect all payments
called for under the terms and provisions of the Mortgage Loans,
and shall, to the extent such procedures shall be consistent with
this Agreement, follow such collection procedures as it follows
with respect to mortgage loans comparable to the Mortgage Loans
in its servicing portfolio. Consistent with the foregoing, the
Company may in its discretion (i) waive any late payment charge
or any assumption fees or other fees which may be collected in
the ordinary course of servicing such Mortgage Loan and (ii) if a
default on the Mortgage Loan has occurred or is reasonably
foreseeable, arrange at any time prior to foreclosure with a
Mortgagor a schedule for the payment of due and unpaid principal
and interest for a period extending not longer than 125 days
after the date that such schedule is arranged. Any arrangement of
the sort described in clause (ii) above shall not affect the
amount or timing of the Company's obligation to make Monthly
Advances with respect to any Mortgage Loan which Monthly Advances
shall be made pursuant to the original amortization schedule
applicable to such Mortgage Loan.
(b) The Company shall establish and maintain a
Mortgage Loan Payment Record in which the following payments on
and collections in respect of each Mortgage Loan shall as
promptly as practicable be credited by the Company for the
account of the Holders of the Certificates:
(i) All payments on account of principal, including
Principal Prepayments (other than (A) payments of principal
due and payable on the Mortgage Loans on or before, and all
Principal Prepayments received before, the Cut-off Date,
(B) in the case of a substitute Mortgage Loan, payments of
principal due and payable on such Mortgage Loan on or
before the Determination Date in the month of substitution,
and all Principal Prepayments received before the first day
of the month of substitution, and (C) in the case of a
replaced Mortgage Loan, payments of principal due and
payable on such
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Mortgage Loan after the Determination Date in the month of
substitution, and all Principal Prepayments received in the
month of substitution);
(ii) All payments (other than (A) those due and payable
on or before the Cut-off Date, (B) in the case of a
substitute Mortgage Loan, those due and payable on such
Mortgage Loan on or before the Determination Date in the
month of substitution, and (C) in the case of a replaced
Mortgage Loan, those due and payable on such Mortgage Loan
after the Determination Date in the month of substitution)
on account of interest at the applicable Net Mortgage Rate
on the Mortgage Loan received from the related Mortgagor,
including any Buydown Funds applied with respect to
interest at the applicable Net Mortgage Rate on any Buydown
Mortgage Loan;
(iii) All Liquidation Proceeds received by the Company
with respect to such Mortgage Loan and the Purchase Price
for any Mortgage Loan purchased by the Company pursuant to
Sections 2.02, 2.03, 3.01(c) and 3.16 (including any
amounts received in respect of a substitution of a Mortgage
Loan);
(iv) All Insurance Proceeds (including, for this
purpose, any amounts required to be credited by the Company
pursuant to the last sentence of Section 3.06) received by
the Company for the benefit of the Trust Fund, other than
proceeds to be applied to the restoration or repair of the
property subject to the related Mortgage or released, or to
be released, to the related Mortgagor in accordance with
the normal servicing procedures of the Company;
(v) All REO Proceeds; and
(vi) All Unanticipated Recoveries.
The foregoing requirements respecting credits to the Mortgage
Loan Payment Record are exclusive, it being understood that,
without limiting the generality of the foregoing, the Company
need not enter in the Mortgage Loan Payment Record collections,
Liquidation Proceeds or Insurance Proceeds in respect of Mortgage
Loans which have been previously released from the terms of this
Agreement, amounts representing fees or late charge penalties
payable by Mortgagors, or amounts received by the Company for the
account of Mortgagors for application towards the payment of
taxes, insurance premiums, assessments and similar items.
(c) Subject to subsection (e) below, until the
Business Day prior to each Distribution Date on which amounts are
required to be transferred to 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
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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 transfer, not
later than 11:00 a.m. New York time on the Business Day prior to
each Distribution Date, an amount in next day funds equal to the
sum of Available Funds for such Distribution Date and any
Unanticipated Recoveries received in the calendar month preceding
the month of such Distribution Date. If the Trustee does not
receive such transfer by 2:00 p.m. on such Business Day, it shall
give the Company written notice thereof.
(e) If the Company or a Responsible Officer of the
Trustee obtains actual notice of or knowledge of the occurrence
of either (x) any Trigger Event or (y) the downgrade by S&P of
General Electric Capital Corporation's short-term senior
unsecured debt rating below A-1+ then, notwithstanding subsection
(c) above, the Company shall promptly establish, and thereafter
maintain, one or more Eligible Accounts in the name of the
Trustee and bearing a designation indicating that amounts therein
are held for the benefit of the Trustee and the
Certificateholders, into which the Company and any Primary
Servicer shall deposit within two Business Days after receipt,
all amounts otherwise required to be credited to the Mortgage
Loan Payment Record pursuant to Section 3.02(b); provided,
however, that such action shall not be required if the Company
delivers to the Trustee a letter from each Rating Agency to the
effect that the failure to take such action will not cause such
Rating Agency to withdraw or reduce its then current ratings of
the Certificates. All amounts so deposited shall be held in trust
for the benefit of Certificateholders. Amounts so deposited may
be invested at the written instruction of the Company in
Permitted Investments in the name of the Trustee maturing no
later than the Business Day preceding the Distribution Date
following the date of such investment; provided, however, that
any such Permitted Investment which is an obligation of State
Street Bank and Trust Company, in its individual capacity and not
in its capacity as Trustee, may mature on such Distribution Date;
and, provided further, that no such Permitted Investment shall be
sold before the maturity thereof if the sale thereof would result
in the realization of
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gain prior to maturity unless the Company has obtained an Opinion
of Counsel that such sale or disposition will not cause the Trust
Fund to be subject to the tax on prohibited transactions under
section 860F of the Code, or otherwise subject the Trust Fund to
tax or cause the REMIC established hereunder to fail to qualify
as a REMIC. The Trustee shall maintain physical possession of all
Permitted Investments, other than Permitted Investments
maintained in book-entry form. The Company, as servicer, shall be
entitled to retain for its own account any gain or other income
from Permitted Investments, and neither the Trustee nor Cer-
tificateholders shall have any right or claim with respect to
such income. The Company shall deposit an amount equal to any
loss realized on any Permitted Investment as soon as any such
loss is realized. If the provisions in this subsection (e) become
operable, references in this Agreement to the Mortgage Loan
Payment Record and credits and debits to such Record shall be
deemed to refer to Eligible Accounts and deposits to and
withdrawals from such Eligible Accounts. Any action which may be
necessary to establish the terms of an account pursuant to this
Section 3.02(e) may be taken by an amendment or supplement to
this Agreement or pursuant to a written order of the Company,
which amendment, supplement or order shall not require the
consent of Certificateholders, provided that the Company has
delivered to the Trustee a letter from each Rating Agency to the
effect that such amendment, supplement or order will not cause
such Rating Agency to withdraw or reduce its then current ratings
of the Certificates.
Section 3.03. Collection of Taxes, Assessments and
Other Items. The Company shall establish and maintain with one or
more depository institutions one or more accounts into which it
shall deposit all collections of taxes, assessments, private
mortgage or hazard insurance premiums or comparable items for the
account of the Mortgagors. As servicer, the Company shall effect
the timely payment of all such items for the account of
Mortgagors. Withdrawals from such account or accounts may be made
only to effect payment of taxes, assessments, private mortgage or
standard hazard insurance premiums or comparable items, to
reimburse the Company out of related collections for any payments
made regarding taxes and assessments or for any payments made
pursuant to Section 3.05 regarding premiums on Primary Insurance
Policies and Section 3.06 regarding premiums on standard hazard
insurance policies, to refund to any Mortgagors any sums
determined to be overages, or to pay interest owed to Mortgagors
to the extent required by law.
Section 3.04. Permitted Debits to the Mortgage Loan
Payment Record. The Company (or any successor servicer pursuant
to Section 7.02) may, from time to time, make debits to the
Mortgage Loan Payment Record for the following purposes:
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(i) To reimburse the Company or the applicable Primary
Servicer for Liquidation Expenses theretofore incurred in
respect of any Mortgage Loan in an amount not to exceed the
amount of the related Liquidation Proceeds credited to the
Mortgage Loan Payment Record pursuant to Section
3.02(b)(iii); provided that the Company or the applicable
Primary Servicer shall not be entitled to reimbursement for
Liquidation Expenses incurred after the initiation of
foreclosure proceedings in respect of any Defaulted
Mortgage Loan that is repurchased pursuant to Section 3.16;
(ii) To reimburse the Company or the applicable Primary
Servicer for Insured Expenses and amounts expended by it
pursuant to Section 3.08 in good faith in connection with
the restoration of property damaged by an Uninsured Cause,
in an amount not to exceed the amount of the related
Insurance Proceeds and Liquidation Proceeds (net of any
debits pursuant to clause (i) above) and amounts
representing proceeds of other insurance policies covering
the property subject to the related Mortgage credited to
the Mortgage Loan Payment Record pursuant to Section
3.02(b) (iii) and (iv);
(iii) To reimburse the Company to the extent permitted
by Sections 3.01(a) and 6.04;
(iv) To pay to the Company amounts received in respect
of any Defective Mortgage Loan, Defaulted Mortgage Loan, or
Modified Mortgage Loan purchased by the Company to the
extent that the distribution of any such amounts on the
Distribution Date upon which the proceeds of such purchase
are distributed would make the total amount distributed in
respect of any such Mortgage Loan on such Distribution Date
greater than the Purchase Price therefor, net of any
unreimbursed Monthly Advances made by the Company;
(v) To reimburse the Company (or the Trustee, as
applicable) for Monthly Advances theretofore made in
respect of any Mortgage Loan to the extent of late
payments, REO Proceeds, Insurance Proceeds and Liquidation
Proceeds in
respect of such Mortgage Loan;
(vi) To reimburse the Company from any Mortgagor
payment of interest or other recovery with respect to a
particular Mortgage Loan, to the extent not previously
retained by the Company, for unpaid Servicing Fees with
respect to such Mortgage Loan, subject to Section 3.08(d);
(vii) To reimburse the Company (or the Trustee, as
applicable) for any Nonrecoverable Advance (which right of
reimbursement of the Trustee pursuant to this clause shall
be prior to such right of the Company);
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(viii) To make transfers of funds to the Certificate
Account pursuant to Section 3.02(d); and
(ix) to deduct any amount credited to the Mortgage Loan
Payment Record in error.
The Company shall keep and maintain separate
accounting records, on a Mortgage Loan by Mortgage Loan basis,
for the purpose of accounting for debits to the Mortgage Loan
Payment Record pursuant to clauses (i), (ii), (iv), (v) and (vi)
of this Section 3.04; provided, however, that it is understood
and agreed that the records of such accounting need not be
retained by the Company for a period longer than the five most
recent fiscal years.
Section 3.05. Maintenance of the Primary Insurance
Policies. (a) The Company shall not take any action which would
result in non-coverage under any applicable Primary Insurance
Policy of any loss which, but for the actions of the Company,
would have been covered thereunder. To the extent coverage is
available, the Company shall keep or cause to be kept in full
force and effect each such Primary Insurance Policy until the
principal balance of the related Mortgage Note is 80% or less of
the greater of (i) the related Original Value and (ii) the then
current value of the property underlying the related Mortgage
Note as evidenced by an appraisal thereof satisfactory to the
Company; provided that no such Primary Insurance Policy need be
kept in effect if doing so would violate applicable law. The
Company shall not cancel or refuse to renew any such Primary
Insurance Policy applicable to a Mortgage Loan that is in effect
at the Closing Date and is required to be kept in force hereunder
unless the replacement Primary Insurance Policy for such canceled
or non-renewed policy is maintained with an insurer whose
claims-paying ability is acceptable to each Rating Agency for
mortgage pass-through certificates having ratings equal to or
better than the ratings then assigned to the Certificates by such
Rating Agency. The Company agrees to effect the timely payment of
the premium on each Primary Insurance Policy, and such costs not
otherwise recoverable shall be recoverable by the Company from
related Insurance Proceeds and Liquidation Proceeds pursuant to
Section 3.04.
(b) In connection with its activities as administrator
and servicer of the Mortgage Loans, the Company agrees to
present, on behalf of itself, the Trustee and the
Certificateholders, claims to the insurer under each Primary
Insurance Policy and, in this regard, to take such reasonable
action as shall be necessary to permit recovery under any Primary
Insurance Policy respecting a related defaulted Mortgage Loan. To
the extent provided in Section 3.02(b), any amounts collected by
the Company under any Primary Insurance Policy in respect of the
Mortgage Loans (including, without limitation, a Mortgage
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Loan purchased by a related insurer) shall be credited to the
Mortgage Loan Payment Record.
Section 3.06. Maintenance of Hazard Insurance. The
Company shall cause to be maintained for each Mortgage Loan
hazard insurance with a standard mortgagee clause and with
extended coverage in an amount which is at least equal to the
maximum insurable value of the improvements securing such
Mortgage Loan from time to time or the principal balance owing on
such Mortgage Loan from time to time, whichever is less. The
Company shall also maintain on property acquired upon
foreclosure, or by deed in lieu of foreclosure, hazard insurance
with extended coverage in an amount which is at least equal to
the lesser of (i) the maximum insurable value from time to time
of the improvements which are a part of such property or (ii) the
unpaid principal balance of such Mortgage Loan at the time of
such foreclosure or deed in lieu of foreclosure plus accrued
interest and the good-faith estimate of the Company of related
Liquidation Expenses to be incurred in connection therewith. To
the extent provided in Section 3.02(b)(iv), amounts collected by
the Company under any such policies in respect of the Mortgage
Loans shall be credited to the Mortgage Loan Payment Record. Such
costs shall be recoverable by the Company pursuant to Sections
3.03 and 3.04. In cases in which property securing any Mortgage
Loan is located in a federally designated flood area, the hazard
insurance to be maintained for such Mortgage Loan shall include
flood insurance. All such flood insurance shall be in such
amounts as are required under applicable guidelines of FNMA. The
Company shall be under no obligation to require that any
Mortgagor maintain earthquake or other additional insurance and
shall be under no obligation itself to maintain any such
additional insurance on property acquired in respect of a
Mortgage Loan, other than pursuant to such applicable laws and
regulations as shall at any time be in force and as shall require
such additional insurance. If the Company shall obtain and
maintain a blanket policy insuring against hazard losses on all
of the Mortgage Loans, it shall conclusively be deemed to have
satisfied its obligations as set forth in the first sentence of
this Section 3.06, it being understood and agreed that such
policy may contain a deductible clause, in which case the Company
shall, in the event that there shall not have been maintained on
the related Mortgaged Property a policy complying with the first
sentence of this Section 3.06, and there shall have been a loss
which would have been covered by such policy, credit to the
Mortgage Loan Payment Record the amount not otherwise payable
under the blanket policy because of such deductible clause.
Section 3.07. Assumption and Modification Agreements.
(a) In any case in which property subject to a Mortgage has been
or is about to be conveyed by the Mortgagor, the Company shall
exercise its right to accelerate the maturity of such Mortgage
Loan under any "due-on-sale" clause applicable thereto, unless in
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the reasonable discretion of the Company, such exercise would
adversely affect or jeopardize coverage under the related Primary
Insurance Policy, if any; provided, however, that if the Company
is prevented, as provided in Section 3.07(b), from enforcing any
such clause, the Company is authorized to make or enter into an
assumption and modification agreement from or with the Person to
whom such property has been or is about to be conveyed, pursuant
to which such Person becomes liable under the Mortgage Note and
the Mortgagor remains liable thereon. In connection with any such
assumption and modification agreement, the Company shall apply
its then current underwriting standards to such Person. The
Company shall not make or enter into any such assumption and
modification agreement, however, unless (to the extent
practicable in the circumstances) it shall have received
confirmation of the continued effectiveness of any applicable
Primary Insurance Policy and hazard insurance policy. The Company
shall notify the Trustee that any assumption and modification
agreement has been completed by forwarding to the Trustee the
original copy thereof, which copy shall be added by the Trustee
to the related Mortgage File and shall, for all purposes, be
considered a part of such Mortgage File to the same extent as all
other documents and instruments constituting a part thereof. In
connection with any such agreement, the Mortgage Rate, mortgage
term and any other material term of such Mortgage Loan shall not
be changed. Any fee collected by the Company for entering into
any such agreement will be retained by the Company as additional
servicing compensation.
(b) Notwithstanding Section 3.07(a) or any other
provision of this Agreement, the Company shall not be deemed to
be in default, breach or any other violation of its obligations
hereunder by reason of any assumption of a Mortgage Loan, or
transfer of the property subject to a Mortgage without the
assumption thereof, by operation of law or any assumption or
transfer which the Company reasonably believes it may be
restricted by law from preventing, for any reason whatsoever.
Section 3.08. Realization Upon Defaulted Mortgage
Loans. (a) The Company shall foreclose upon or otherwise
comparably convert the ownership of properties securing such of
the Mortgage Loans as come into and continue in default and as to
which no satisfactory arrangements can be made for collection of
delinquent payments pursuant to Section 3.02. In connection with
such foreclosure or other conversion the Company shall,
consistent with Section 3.05, follow such practices and
procedures as it shall deem necessary or advisable and as shall
be normal and usual in its general mortgage servicing activities.
The foregoing is subject to the proviso that the Company shall
not be required to expend its own funds in connection with any
foreclosure or towards the restoration of any property unless it
shall determine (i) that such restoration or foreclosure will
increase the proceeds of liquidation of the Mortgage Loan to
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Certificateholders after reimbursement to itself for such
expenses and (ii) that such expenses will be recoverable to it
either through Liquidation Proceeds or Insurance Proceeds.
Notwithstanding the foregoing, the Company shall not be entitled
to recover legal expenses incurred in connection with foreclosure
proceedings where the Mortgage Loan is reinstated and such
foreclosure proceedings are terminated prior to completion, other
than sums received from the Mortgagor for such expenses.
Notwithstanding anything to the contrary contained
herein, the Company shall be under no obligation to foreclose
upon or otherwise convert the ownership of any Mortgaged Property
which it believes may be contaminated with or affected by
hazardous or toxic wastes, materials or substances. The Company
may, but shall not be obligated to, make such determination on
the basis of a Phase I environmental assessment with respect to
the related Mortgaged Property. Neither the Trustee nor the
Company shall be liable to the Trust Fund or the
Certificateholders if, based on the Company's belief that such
contamination or effect exists, the Company does not foreclose
upon or otherwise convert the ownership of a Mortgaged Property.
In addition, neither the Trustee nor the Company shall be liable
to the Trust Fund or the Certificateholders if, based on the
Company's belief that no such contamination or effect exists, the
Company forecloses upon a Mortgaged Property and the Trustee or
its nominee on behalf of the Trust Fund takes title to such
Mortgaged Property, and thereafter such Mortgaged Property is
determined to be so contaminated or affected.
(b) In the event that title to any Mortgaged Property
is acquired in foreclosure or by deed in lieu of foreclosure, the
deed or certificate of sale shall be issued to the Trustee, or to
its nominee on behalf of the Trust Fund. Notwithstanding any such
acquisition of title and cancellation of the related Mortgage
Loan, such Mortgage Loan shall (except for purposes of Section
9.01) be considered to be an Outstanding Mortgage Loan until such
time as the Mortgaged Property shall be sold and such Mortgage
Loan becomes a Liquidated Mortgage Loan. Consistent with the
foregoing, for purposes of all calculations hereunder so long as
such Mortgage Loan shall be considered to be an Outstanding
Mortgage Loan, it shall be assumed that the related Mortgage Note
and its amortization schedule in effect on and after such
acquisition of title (after giving effect to any previous
Principal Prepayments and Deficient Valuations incurred
subsequent to the related Bankruptcy Coverage Termination Date
and before any adjustment thereto by reason of any bankruptcy
(other than as aforesaid) or any similar proceeding or any
moratorium or similar waiver or grace period) remain in effect
(notwithstanding that the indebtedness evidenced by such Mortgage
Note shall have been discharged), subject to adjustment to
reflect the application of REO Proceeds received in any month.
REO Proceeds received in any month shall be applied to the
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payment of the installments of principal due and interest accrued
on the related REO Mortgage Loan in accordance with the terms of
such Mortgage Note. REO Proceeds received in any month in excess
of the Amortization Payment for such month due on an REO Mortgage
Loan shall be treated as a Principal Prepayment received in
respect of such Mortgage Loan.
(c) In the event that the Trust Fund acquires any
Mortgaged Property as aforesaid or otherwise in connection with a
default or imminent default on a Mortgage Loan, the Company shall
dispose of such Mortgaged Property prior to the close of the
third calendar year after the year of its acquisition by the
Trust Fund unless (a) the Trustee shall have been supplied with
an Opinion of Counsel to the effect that the holding by the Trust
Fund of such Mortgaged Property subsequent to such period (and
specifying the period beyond such period for which the Mortgaged
Property may be held) will not result in the imposition of taxes
on "prohibited transactions" of the Trust Fund as defined in
section 860F of the Code, or cause the REMIC established
hereunder to fail to qualify as a REMIC at any time that any
Certificates are outstanding, in which case the Trust Fund may
continue to hold such Mortgaged Property (subject to any
conditions contained in such Opinion of Counsel), or (b) the
Trustee (at the Company's expense) or the Company shall have
applied for, not later than 61 days prior to the expiration of
such period, an extension of such period in the manner
contemplated by section 856(e)(3) of the Code, in which case such
period shall be extended by the time period permitted by section
856(e)(3) of the Code. Notwithstanding any other provision of
this Agreement, no Mortgaged Property acquired by the Trust Fund
shall be rented (or allowed to continue to be rented) or
otherwise used for the production of income by or on behalf of
the Trust Fund or sold in such a manner or pursuant to any terms
that would (i) cause such Mortgaged Property to fail to qualify
at any time as "foreclosure property" within the meaning of
section 860G(a)(8) of the Code, (ii) subject the Trust Fund to
the imposition of any federal or state income taxes on "net
income from foreclosure property" with respect to such Mortgaged
Property within the meaning of section 860G(c) of the Code, or
(iii) cause the sale of such Mortgaged Property to result in the
receipt by the Trust Fund of any income from non-permitted assets
as described in section 860F(a)(2)(B) of the Code, unless the
Company has agreed to indemnify and hold harmless the Trust Fund
with respect to the imposition of any such taxes.
(d) Any collection of Insurance Proceeds or
Liquidation Proceeds will be applied in the following order of
priority: first, to reimburse the Company for any related
unreimbursed Liquidation Expenses and to reimburse the Company or
the Trustee, as applicable, for any related unreimbursed Monthly
Advances; second, to accrued and unpaid interest on the Mortgage
Loan at the Mortgage Rate from the date to which interest was
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last paid or advanced to the Due Date prior to the Distribution
Date on which such amounts are to be distributed; and third, as a
recovery of principal of the Mortgage Loan. If the amount so
allocated to interest is less than the full amount of accrued and
unpaid interest due on such Mortgage Loan, the amount of such
recovery will be allocated between the Servicing Fee and interest
at the Net Mortgage Rate in proportion to the amount of such
accrued interest which would have been allocated to each such
category in the absence of any shortfall.
(e) Notwithstanding anything to the contrary contained
herein, the Company shall have the right to enter into an
agreement substantially in the form of Exhibit K hereto with any
Person that is the Holder of 100% of the Class B5 Certificates
(provided that such form may be revised to delete the option on
the part of such Person to purchase a defaulted Mortgage Loan as
set forth in Section 2.02(f) thereof). Prior to entering into any
such agreement with any Person, the Company shall obtain a
certification from such Person to the effect that (i) such Person
is not an "affiliate" (within the meaning of the Prohibited
Transaction Exemption) of the Trustee and (ii) such Person will
not purchase any Certificates if such purchase would cause such
Person to hold more than a ten percent interest in the Mortgage
Pool. It is understood that the right of the Company to be
reimbursed for Monthly Advances and Nonrecoverable Advances under
this Agreement shall not be affected in any way by the provisions
of any such agreement. The Trustee hereby agrees to perform such
obligations as may be expressly required of it pursuant to the
provisions of such agreement and to promptly notify each party to
such agreement if a Responsible Officer of the Trustee (with
direct responsibility for administration of this Agreement)
becomes aware of any discussions, plans or events that might lead
to the Trustee's becoming an "affiliate" (within the meaning of
the Prohibited Transaction Exemption) of any Person with which
the Company has entered into such agreement, provided that the
contents of any such notification shall be kept confidential by
the parties to such agreement. The Company agrees to promptly
notify the Trustee upon entering into any such agreement. In
addition, the Company shall provide the Trustee with such
information as may be necessary for the Trustee to perform its
obligations thereunder, including written instructions, clearly
identifying the source, amount and application of funds to be
deposited or withdrawn from the Collateral Fund (as defined in
such agreement). The Trustee shall provide the Company with such
information concerning credits and debits to the Collateral Fund
on account of income, gains and losses realized from Collateral
Fund Permitted Investments (as defined in such agreement), and
costs associated with the purchase and sale thereof, as the
Company may request in order to prepare the instructions
described in the preceding sentence.
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In addition, subject to the provisions of the
preceding paragraph, the Company shall have the right to enter
into an agreement substantially in the form of Exhibit K hereto
with the Person that is the Holder of 100% of the Class B4
Certificates, provided that (i) such Person is also the Holder of
100% of the Class B5 Certificates, (ii) such Person shall have no
rights under such agreement until the date on which the Class
Certificate Principal Balance of the Class B5 Certificates has
been reduced to zero, and (iii) any rights of such Person under
such agreement shall terminate in the event that such Person
transfers, directly or indirectly, the Class B4 Certificates to
any other Person.
Section 3.09. Trustee to Cooperate; Release of
Mortgage Files. Upon the payment in full of any Mortgage Loan,
the Company will immediately notify the Trustee by a
certification (which certification shall include a statement to
the effect that all amounts received in connection with such
payment which are required to be credited to the Mortgage Loan
Payment Record pursuant to Section 3.02 have been so credited) of
a Servicing Officer and shall request delivery to it of the
Mortgage File. If a Buydown Mortgage Loan is the subject of a
Principal Prepayment in full during the related Buydown Period,
the related Buydown Funds will be applied or returned to the
Person entitled thereto in accordance with the terms of such
Buydown Mortgage Loan. Upon receipt of such certification and
request in form satisfactory to the Trustee, the Trustee shall
promptly, but in any event within five Business Days, release the
related Mortgage File to the Company; provided, that the Trustee
shall not be responsible for any delay in the release of a
Mortgage File resulting from acts beyond its control, including
without limitation, acts of God, strikes, lockouts, riots, acts
of war or terrorism, epidemics, nationalization, governmental
regulations imposed after the fact, fire, communication line
failures, computer viruses, power failures, earthquakes or other
disasters. Upon any such payment in full, the Company is
authorized to execute, pursuant to the authorization contained in
Section 3.01, an instrument of satisfaction regarding such
Mortgage, which instrument of satisfaction shall be recorded by
the Company if required by applicable law and be delivered to the
Person entitled thereto, it being understood and agreed that no
expenses incurred in connection with such instrument of
satisfaction shall be reimbursed from amounts at the time
credited to the Mortgage Loan Payment Record. From time to time
and as appropriate for the servicing or foreclosure of any
Mortgage Loan (including, without limitation, collection under
any Primary Insurance Policy), the Trustee shall, upon request of
the Company and delivery to the Trustee of a receipt signed by a
Servicing Officer, release the related Mortgage File to the
Company and shall execute such documents as shall be necessary to
the prosecution of any such proceedings. Such receipt shall
obligate the Company to return the Mortgage File to the Trustee
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when the need therefor by the Company no longer exists unless the
Mortgage Loan shall be liquidated, in which case, upon receipt of
a certificate of a Servicing Officer similar to that hereinabove
specified, the receipt shall be released by the Trustee to the
Company.
Section 3.10. Servicing Compensation; Payment of
Certain Expenses by the Company. (a) As compensation for its
activities and obligations hereunder, the Company shall be
entitled to withhold and pay to itself out of each payment
received by it on account of interest on each Mortgage Loan
(including the portion of any Buydown Funds applied to the
related Buydown Mortgage Loan for the applicable period) an
amount equal to the Servicing Fee. The aggregate of the Servicing
Fees payable to the Company on any Distribution Date shall be
reduced by the amount of any Compensating Interest Payment for
such Distribution Date. Additional servicing compensation in the
form of Prepayment Interest Excess, assumption fees, modification
fees, late payment charges, interest income or gain with respect
to amounts deposited in the Certificate Account and invested by
the Company or otherwise shall be retained by the Company,
subject to Section 3.10(b), if applicable. The Company shall be
required to pay all expenses incurred by it in connection with
its activities hereunder (including payment of Trustee fees and
all other fees and expenses not expressly stated hereunder to be
for the account of the Certificateholders) and shall not be
entitled to reimbursement therefor except as provided in Sections
3.01, 3.03, 3.04 and 3.08.
(b) The Company may, as a condition to granting any
request by a Mortgagor for any consent, modification, waiver or
amendment or any other matter or thing, the granting of which is
in the Company's discretion pursuant to the terms of the
instruments evidencing or securing the related Mortgage Loan and
is permitted by other sections of this Agreement, require (to the
extent permitted by applicable law) that such Mortgagor pay to it
a reasonable or customary fee in accordance with the schedule set
forth as Exhibit H (which may be amended from time to time by
provision of a revised schedule of such fees to the Trustee,
whereupon such revised schedule shall be deemed to be Exhibit H
hereunder) for the additional services performed in connection
with such request, together with any related costs and expenses
incurred by it. Such fees shall be additional servicing
compensation to the Company.
Section 3.11. Reports to the Trustee; Certificate
Account Statements. Not later than 15 days after each
Distribution Date, the Company shall forward to the Trustee a
statement, certified by a Servicing Officer, setting forth the
status of the Mortgage Loan Payment Record as of the close of
business on such Distribution Date and showing, for the period
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covered by such statement, the aggregate of credits to the
Mortgage Loan Payment Record for each category of credit
specified in Section 3.02 and each category of debit specified in
Section 3.04.
Section 3.12. Annual Statement as to Compliance. The
Company will deliver to the Trustee, on or before March 31 of
each year, beginning with March 31, 1999, an Officer's
Certificate stating that (a) a review of the activities of the
Company during the preceding calendar year and of its performance
under this Agreement has been made under such Officer's
supervision and (b) to the best of such Officer's knowledge,
based on such review, the Company has fulfilled all its material
obligations under this Agreement throughout such year, or, if
there has been a default in the fulfillment of any such
obligation, specifying each such default known to such Officer
and the nature and status thereof.
Section 3.13. Annual Independent Public Accountants'
Servicing Report. On or before March 31 of each year, beginning
with March 31, 1999, the Company shall:
(a) furnish to a firm of independent public
accountants (which may also render other services to the
Company) a statement substantially to the effect that the
Company has complied in all material respects with the
minimum servicing standards set forth in the Uniform Single
Attestation Program for Mortgage Bankers (the "Minimum
Servicing Standards") with respect to the mortgage loans in
the Company's servicing portfolio (which may exclude home
equity loans) or, if there has been material noncompliance
with such servicing standards, containing a description of
such noncompliance; and
(b) at its expense cause such firm of independent
public accountants to furnish a report to the Trustee
stating its opinion as to the Company's assertion contained
in the statement delivered pursuant to Section 3.13(a),
which opinion shall be based on an examination conducted by
such firm in accordance with the standards established by
the American Institute of Certified Public Accountants,
including examining, on a test basis, evidence about the
Company's compliance with the Minimum Servicing Standards.
Such opinion shall be to the effect that the Company has
complied in all material respects with the Minimum
Servicing Standards with respect to the mortgage loan
portfolio described in the Company's statement delivered
pursuant to Section 3.13(a) hereof or if there has been
material noncompliance with the Minimum Servicing
Standards, shall contain a description of such
noncompliance in accordance with applicable accounting
standards. In rendering such report, such firm may rely, as
to matters relating to direct
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servicing of Mortgage Loans by any primary servicer, upon
comparable reports of independent public accountants with
respect to such primary servicer.
Section 3.14. Access to Certain Documentation and
Information Regarding the Mortgage Loans. To the extent permitted
by applicable law, the Company shall provide to the Trustee,
Certificateholders which are regulated insurance entities and the
applicable insurance regulatory agencies thereof,
Certificateholders which are federally insured savings and loan
associations, the Office of Thrift Supervision, the FDIC and the
supervisory agents and examiners thereof access to the
documentation regarding the Mortgage Loans required by applicable
regulations of the Office of Thrift Supervision or of such
insurance regulatory agencies, as the case may be, such access
being afforded without charge but only upon reasonable request
and during normal business hours at the offices of the Company.
Nothing in this Section 3.14 shall derogate from the obligation
of the Company to observe any applicable law prohibiting
disclosure of information regarding the Mortgagors and the
failure of the Company to provide access as provided in this
Section 3.14 as a result of such obligation shall not constitute
a breach of this Section 3.14.
Section 3.15. Maintenance of Certain Servicing
Policies. The Company shall during the term of its service as
servicer maintain in force (i) a policy or policies of insurance
covering errors and omissions in the performance of its
obligations as servicer hereunder and (ii) a fidelity bond in
respect of its officers, employees or agents. Each such policy or
policies and bond shall, together, comply with the requirements
from time to time of FNMA for persons performing servicing for
mortgage loans purchased by such association.
Section 3.16. Optional Purchase of Defaulted Mortgage
Loans. The Company shall have the right, but not the obligation,
to purchase any Defaulted Mortgage Loan for a price equal to the
Purchase Price therefor. Any such purchase shall be accomplished
as provided in Section 4.04(a) hereof.
ARTICLE IV
PAYMENTS AND STATEMENTS
Section 4.01. Distributions. (a) On each Distribution
Date, the Trustee shall withdraw the Available Funds from the
Certificate Account and shall make distributions to Holders of
the Certificates as of the preceding Record Date in the following
order of priority, to the extent of the remaining Available
Funds:
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(i) to each Class of Senior Certificates (other than
any Class of Principal Only Certificates) and the Class S
Certificates, the Accrued Certificate Interest thereon for
such Distribution Date; provided that any shortfall in
available amounts shall be allocated among such Classes in
proportion to the amount of Accrued Certificate Interest
that would otherwise be distributable thereon or added to
the Certificate Principal Balance thereof;
(ii) to each Class of Senior Certificates (other than
any Class of Principal Only Certificates) and the Class S
Certificates, any related Unpaid Class Interest Shortfall
for such Distribution Date; provided that any shortfall in
available amounts shall be allocated among such Classes in
proportion to the Unpaid Class Interest Shortfall for each
such Class on such Distribution Date;
(iii) to the Classes of Senior Certificates, in
reduction of the Class Certificate Principal Balances
thereof, concurrently as follows:
(A) to the Class A6 Certificates, the Class A6
Principal Distribution Amount for such Distribution
Date, until the Class Certificate Principal Balance
thereof has been reduced to zero; and
(B) to the Group I Senior Certificates, the
Senior Optimal Principal Amount for such Distribution
Date, as reduced by the Class A6 Principal
Distribution Amount distributed in accordance with
clause (A), in the following order of priority;
(1) to the Class R Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
(2) concurrently, to the Class A1 and Class
A2 Certificates, 62.7221630396% and
37.2778369604%, respectively, of the amount
described in clause (iii)(B) above, after giving
effect to clause (iii)(B)(1) above, until the
Class Certificate Principal Balance of the Class
A2 Certificates has been reduced to zero;
(3) concurrently, to the Class A1 and Class
A3 Certificates, 62.7221630396% and
37.2778369604%, respectively, of the amount
described in clause (iii)(B) above, after giving
effect to clauses (iii)(B)(1) and (iii)(B)(2)
above, until the Class Certificate Principal
Balance of the Class A3 Certificates has been
reduced to zero;
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(4) concurrently, to the Class A1 and Class
A4 Certificates, 62.7221630396% and
37.2778369604%, respectively, of the amount
described in clause (iii)(B) above, after giving
effect to clauses (iii)(B)(1), (iii)(B)(2) and
(iii)(B)(3) above, until the Class Certificate
Principal Balance of each such Class has been
reduced to zero; and
(5) to the Class A5 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero; and
(C) to the Class PO Certificates, the PO
Principal Distribution Amount for such Distribution
Date, until the Class Certificate Principal Balance
thereof has been reduced to zero;
(iv) to the Class PO Certificates, any Class PO
Deferred Amount for such Distribution Date, up to an amount
not to exceed the Junior Optimal Principal Amount for such
Distribution Date, until the Class Certificate Principal
Balance of such Class has been reduced to zero; provided,
that any such amounts distributed to the Class PO
Certificates pursuant to this clause (iv) shall not reduce
the Class Certificate Principal Balance thereof;
(v) to the Class M Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(vi) to the Class M Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(vii) to the Class M Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(viii) to the Class B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(ix) to the Class B1 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(x) to the Class B1 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(xi) to the Class B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
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(xii) to the Class B2 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xiii) to the Class B2 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(xiv) to the Class B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xv) to the Class B3 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xvi) to the Class B3 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(xvii) to the Class B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xviii) to the Class B4 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xix) to the Class B4 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(xx) to the Class B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xxi) to the Class B5 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date; and
(xxii) to the Class B5 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date.
Notwithstanding the foregoing, amounts otherwise distributable
pursuant to clauses (vii), (x), (xiii), (xvi), (xix) and (xxii)
on any Distribution Date shall be reduced, in inverse order of
priority, by any amount distributed pursuant to clause (iv) on
such date, such that such amount distributed pursuant to clause
(iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent
of any excess, applied second, to reduce the amount distributable
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
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the amount distributable pursuant to clause (x) and sixth, to
reduce the amount distributable pursuant to clause (vii).
(b) On each Distribution Date, the Trustee shall
distribute to the holder of the Class R Certificate any remaining
Available Funds for such Distribution Date after application of
all amounts described in clause (a) of this Section 4.01,
together with any Unanticipated Recoveries received by the
Company in the calendar month preceding the month of such
Distribution Date and not distributed on such Distribution Date
to the holders of outstanding Certificates of any other Class
pursuant to Section 4.01(e). Any distributions pursuant to this
clause (b) shall not reduce the Class Certificate Principal
Balance of the Class R Certificate.
(c) If on any Distribution Date the Class Certificate
Principal Balances of the Junior Certificates have each been
reduced to zero, the amount distributable to the Senior
Certificates other than the Class PO Certificates pursuant to
Sections 4.01(a)(iii)(A) and (B) for such Distribution Date and
each succeeding Distribution Date shall be allocated among such
Classes of Senior Certificates, pro rata, on the basis of their
respective Class Certificate Principal Balances immediately prior
to such Distribution Date, regardless of the priorities and
amounts set forth in Sections 4.01(a)(iii)(A) and (B).
(d) If on any Distribution Date (i) the Class
Certificate Principal Balance of the Class M Certificates or any
Class of Class B Certificates for which the related Prepayment
Distribution Trigger was satisfied on such Distribution Date is
reduced to zero and (ii) amounts distributable pursuant to
clauses (ii), (iv) and (v) of the Junior Optimal Principal Amount
remain undistributed on such Distribution Date after all amounts
otherwise distributable on such date pursuant to clauses (iv)
through (xxii) of Section 4.01(a) have been distributed, such
amounts shall be distributed on such Distribution Date to the
remaining Classes of Junior Certificates in order of priority,
such that no such distribution shall be made to any Class of
Junior Certificates while a prior such Class is outstanding.
(e) In the event that in any calendar month the
Company recovers an amount (an "Unanticipated Recovery") in
respect of principal of a Mortgage Loan which had previously been
allocated as a Realized Loss to any Class of Certificates
pursuant to Section 4.03, on the Distribution Date in the next
succeeding calendar month the Trustee shall withdraw from the
Certificate Account and distribute to the holders of each
outstanding Class to which such Realized Loss had previously been
allocated its share (determined as described in the succeeding
paragraph) of such Unanticipated Recovery in an amount not to
exceed the amount of such Realized Loss previously allocated to
such Class. When the Class Certificate Principal Balance of a
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Class of Certificates has been reduced to zero, the holders of
such Class shall not entitled to any share of an Unanticipated
Recovery, and such Unanticipated Recovery shall be allocated
among all outstanding Classes of Certificates entitled thereto in
accordance with the preceding sentence, subject to the remainder
of this subsection (e). In the event that (i) any Unanticipated
Recovery remains undistributed in accordance with the preceding
sentence or (ii) the amount of an Unanticipated Recovery exceeds
the amount of the Realized Loss previously allocated to any
outstanding Classes with respect to the related Mortgage Loan, on
the applicable Distribution Date the Trustee shall distribute to
the holders of all outstanding Classes of the related
Certificates to which Realized Losses had previously been
allocated and not reimbursed their pro rata share (determined as
described below) of such excess in an amount not to exceed the
aggregate amount of any Realized Loss previously allocated to
such Class with respect to any other Mortgage Loan that has not
been recovered in accordance with Section 4.01(e). Any
distributions made pursuant to this Section 4.01(e) shall not
reduce the Class Certificate Principal Balance of the related
Certificate.
For purposes of the preceding paragraph, the share of
an Unanticipated Recovery allocable to any Class of Certificates
with respect to a Mortgage Loan shall be (i) with respect to the
Class PO Certificates, based on the applicable PO Percentage of
the principal portion of the Realized Loss previously allocated
thereto with respect to such Mortgage Loan (or all Mortgage Loans
for purposes of the next to last sentence of the preceding
paragraph), and (ii) with respect to any other Class of
Certificates, based on its pro rata share (in proportion to the
Class Certificate Principal Balances thereof with respect to such
Distribution Date) of the applicable Non-PO Percentage of the
principal portion of any such Realized Loss previously allocated
with respect to such Mortgage Loan (or Loans); provided, however,
that (i) the share of an Unanticipated Recovery allocable to a
Class PO Certificate with respect to any Mortgage Loan (or Loans)
shall be reduced by the aggregate amount previously distributed
to such Class on account of the applicable Class PO Deferred
Amount in respect of such Mortgage Loan (or Loans) and (ii) the
amount by which the distributions to the Class PO Certificates
have been so reduced shall be distributed to the Classes of
Certificates described in clause (ii) of the preceding paragraph
in the same proportion as described in such clause (ii). For
purposes of the preceding sentence, any Class PO Deferred Amount
distributed to a Class PO Certificate on previous Distribution
Dates shall be deemed to have been allocated in respect of the
Mortgage Loans as to which the applicable PO Percentage of the
principal portion of Realized Losses has previously been
allocated to such Class on a pro rata basis (based on the amount
of Realized Losses so allocated).
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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,
(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
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estate, the income of which is not subject to U.S. federal income
taxation, regardless of source, and (iv) any trust, other than a
trust that a court within the United States is able to exercise
primary supervision over the administration of the trust and one
or more U.S. Persons have the authority to control all
substantial decisions of the trust.
Section 4.03. Allocation of Losses. (a) On or prior to
each Determination Date, the Company shall determine the amount
of any Realized Loss in respect of each Mortgage Loan that
occurred during the immediately preceding calendar month.
(b) With respect to any Distribution Date, the
principal portion of each Realized Loss (other than any Excess
Loss) shall be allocated as follows:
(i) the applicable PO Percentage of the principal
portion of any such Realized Loss shall be allocated to the
Class PO Certificates until the Class Certificate Principal
Balance thereof has been reduced to zero; and
(ii) the applicable Non-PO Percentage of the principal
portion of any such Realized Loss shall be allocated in the
following order of priority:
first, to the Class B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fifth, to the Class B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
sixth, to the Class M Certificates until the Class
Certificate Principal Balance thereof has been reduced
to zero; and
seventh, to the Classes of Senior Certificates
other than the Class PO Certificates, pro rata, in
accordance with their Class Certificate Principal
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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 (other than Excess
Bankruptcy Losses attributable to Debt Service Reductions) shall
be allocated as follows: (1) the PO Percentage of any such loss
shall be allocated to the Class PO Certificates, and (2) the Non-
PO Percentage of any such loss shall be allocated to each Class
of Certificates other than the Class PO Certificates, pro rata,
based on the respective Class Certificate Principal Balances
thereof; provided, that any such loss allocated to any Class of
Accrual Certificates (and any Accrual Component) shall be
allocated (subject to Section 4.03(d)) on the basis of the lesser
of (x) the Class Certificate Principal Balance (or Component
Principal Balance) thereof immediately prior to the applicable
Distribution Date and (y) the Class Certificate Principal Balance
(or Component Principal Balance) thereof on the Closing Date (as
reduced by any Realized Losses previously allocated thereto).
(d) Any Realized Losses allocated to a Class of
Certificates pursuant to Section 4.03(b) or (c) shall be
allocated among the Certificates of such Class in proportion to
their respective Certificate Principal Balances. In addition, any
Realized Losses allocated to any Class of Component Certificates
on a Distribution Date shall be allocated in reduction of the
Component Principal Balances of the related Components (other
than any Notional Component) in proportion to their respective
Component Principal Balances immediately prior to such
Distribution Date. Any allocation of Realized Losses pursuant to
this paragraph (d) shall be accomplished by reducing the
Certificate Principal Balance (or, in the case of any Component,
the Component Principal Balance) of the related Certificates (or
Components) on the related Distribution Date in accordance with
Section 4.03(e).
(e) Realized Losses allocated in accordance with this
Section 4.03 shall be allocated on the Distribution Date in the
month following the month in which such loss was incurred and, in
the case of the principal portion thereof, after giving effect to
distributions made on such Distribution Date, except that the
aggregate amount of Realized Losses to be allocated to the Class
PO Certificates on such Distribution Date will be taken into
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account in determining distributions in respect of any Class PO
Deferred Amount for such date.
(f) On each Distribution Date, the Company shall
determine the Subordinate Certificate Writedown Amount, if any.
Any such Subordinate Certificate Writedown Amount shall effect a
corresponding reduction in the Certificate Principal Balance of
the Subordinate Certificates, which reduction shall occur on such
Distribution Date after giving effect to distributions made on
such Distribution Date.
(g) Notwithstanding the foregoing, no such allocation
of any Realized Loss shall be made on a Distribution Date to a
Class of Certificates to the extent that such allocation would
result in the reduction of the aggregate Certificate Principal
Balances of all the Certificates as of such Distribution Date,
after giving effect to all distributions and prior allocations of
Realized Losses on such date, to an amount less than the
aggregate Scheduled Principal Balance of the Mortgage Loans as of
the first day of the month of such Distribution Date, less any
Deficient Valuations occurring on or prior to the Bankruptcy
Coverage Termination Date (such limitation, the "Loss Allocation
Limitation").
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,
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as shall be necessary to vest in the Company any Mortgage Loan
released pursuant hereto.
(b) In the event that the Company deposits or expects
to deposit less than the Available Funds required to be deposited
by it pursuant to Section 3.02(d), the Company shall so notify
the Trustee no later than 9:00 a.m. on the Business Day preceding
the related Distribution Date, and the amount so deposited, if
any, shall be deemed to have been deposited first pursuant to
clause (i) of the definition of Available Funds, second pursuant
to clause (iii) of the definition of Available Funds, and third
pursuant to clause (ii) of the definition of Available Funds.
Such notice shall specify each Mortgage Loan delinquent as of the
preceding Determination Date. In such event, the Trustee shall
make any Monthly Advance required to be made hereunder, in the
manner and to the extent required; provided, the Trustee shall
not be so obligated if prohibited by applicable law.
(c) In the event that the Company is succeeded
hereunder as servicer, the obligation to make Monthly Advances in
the manner and to the extent required by Section 4.04(a) shall be
assumed by the successor servicer (subject to Section 7.02).
Section 4.05. Statements to Certificateholders. (a)
Each month, at least two Business Days prior to each Distribution
Date, the Company shall deliver to the Trustee for mailing to
each Certificateholder, and the Trustee shall mail to each
Certificateholder on such Distribution Date, a statement (each, a
"Distribution Date Statement") substantially in the form of
Exhibit J hereto, setting forth:
(i) The amount of such distribution to the
Certificateholders of each Class (and in respect of any
Component), other than any Notional Certificates (and any
Notional Component), allocable to principal, separately
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 or Component Principal Balance of any
Class of Accrual Certificates or any Accrual Components;
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(iii) The amount of servicing compensation paid to the
Company during the month preceding the month of
distribution in respect of the Mortgage Loans and such
other customary information as the Company deems necessary
or desirable to enable Certificateholders to prepare their
tax returns;
(iv) The Pool Scheduled Principal Balance and the
aggregate number of the Mortgage Loans on the preceding Due
Date after giving effect to all distributions allocable to
principal made on such Distribution Date;
(v) The Class Certificate Principal Balance (or
Notional Principal Balance) of each Class, the Component
Principal Balance of each Component and the Certificate
Principal Balance (or Notional Principal Balance) of a
Single Certificate of each Class after giving effect to (i)
all distributions allocable to principal (or reductions in
the Notional Principal Balance, in the case of the Notional
Certificates, or the addition of any Accrual Amount, in the
case of any Class of Accrual Certificates) made on such
Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Certificate Writedown Amount for
such Distribution Date;
(vi) The Pay-out Rate applicable to each Class of
Certificates;
(vii) The book value and unpaid principal balance of any
real estate acquired on behalf of Certificateholders
through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan, and the
number of the related Mortgage Loans;
(viii) The aggregate Scheduled Principal Balances and
number of Mortgage Loans which, as of the close of business
on the last day of the month preceding the related
Distribution Date, were (a) delinquent as to a total of (x)
30-59 days, (y) 60-89 days and (z) 90 days or more, and (b)
in foreclosure;
(ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of any
Modified Mortgage Loan purchased pursuant to Section
3.01(c);
(x) The Certificate Interest Rates of any LIBOR
Certificates, any COFI Certificates and the Class S
Certificates applicable to the Interest Accrual Period
relating to such Distribution Date and such Class;
(xi) The Senior Percentage and Junior Percentage for
such Distribution Date;
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(xii) The Senior Prepayment Percentage and the Junior
Prepayment Percentage for such Distribution Date; and
(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).
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Section 4.06. Servicer's Certificate. Each month, not
later than the second Business Day next preceding each
Distribution Date, the Company shall deliver to the Trustee a
completed Servicer's Certificate.
Section 4.07. Reports of Foreclosures and Abandonments
of Mortgaged Property. The Trustee (or the Company on behalf of
the Trustee) shall, in each year beginning after 1997, make the
reports of foreclosures and abandonments of any Mortgaged
Property as required by section 6050J of the Code. In order to
facilitate this reporting process, the Company, on or before
January 15th of each year, shall provide to the Trustee reports
relating to each instance occurring during the previous calendar
year in which the Company (i) on behalf of the Trustee acquires
an interest in a Mortgaged Property through foreclosure or other
comparable conversion in full or partial satisfaction of a
Mortgage Loan, or (ii) knows or has reason to know that a
Mortgaged Property has been abandoned. Reports from the Company
shall be in form and substance sufficient to meet the reporting
requirements imposed by section 6050J of the Code.
Section 4.08. Reduction of Servicing Fees by
Compensating Interest Payments. The aggregate amount of the
Servicing Fees subject to retention by the Company as servicer in
respect of any Distribution Date shall be reduced by the amount
of any Compensating Interest Payment for such Distribution Date.
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 $644,999,714.37. Such
aggregate original principal balance shall be divided among the
Classes having the designations, Class Certificate Principal
Balances, Certificate Interest Rates and minimum denominations as
follows:
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Initial
Class
Certificate Certificate
Principal Interest Minimum
Designation Balance Rate Denominations
- ----------- ------- --------- -------------
Class A1 $310,000,000.00 7.00% $ 25,000
Class A2 150,452,227.00 7.00 25,000
Class A3 16,633,813.00 7.00 25,000
Class A4 17,157,119.00 7.00 25,000
Class A5 62,129,252.00 7.00 25,000
Class A6 61,819,168.00 7.00 25,000
Class PO 363,046.25 0.00 300,000
Class M 9,029,996.00 7.00 100,000
Class B1 6,127,497.00 7.00 100,000
Class B2 4,837,497.00 7.00 100,000
Class B3 3,224,998.00 7.00 250,000
Class B4 967,499.00 7.00 250,000
Class B5 2,257,502.12 7.00 250,000
Class S (1) (1) 12,500,000
Class R 100.00 7.00 100
(1) The Class S Certificates are issued with an initial
Notional Principal Balance of $626,448,124.15 and shall
bear interest at the Strip Rate.
(c) The Certificates shall be issuable in registered
form only. The Book-Entry Certificates will be evidenced by one
or more certificates, beneficial ownership of which will be held
in the minimum dollar denominations in Certificate Principal
Balance or Notional Principal Balance, as applicable, specified
in Section 5.01(b), and integral multiples of $1,000 in excess
thereof. The Non-Book-Entry Certificates other than the Residual
Certificate shall each be issued in the minimum dollar
denominations in Certificate Principal Balance or Notional
Principal Balance, as applicable, specified in Section 5.01(b),
and integral multiples of $1,000 (or $1,000,000 in the case of
the Class S Certificates) in excess thereof (and, if necessary,
in the amount of the remaining Class Certificate Principal
Balance or Notional Principal Balance, as applicable, of each
Class, in the case of one Certificate of such Class). The
Residual Certificate shall be issued as a single certificate
evidencing the entire Class Certificate Principal Balance of such
Class and having a Percentage Interest of 100%. If necessary, one
Certificate of each Class of Book-Entry Certificates and the
Class S Certificates may evidence an additional amount equal to
the remainder of the Class Certificate Principal Balance (or
Notional Principal Balance) of such Class.
(d) The Certificates shall be executed by manual or
facsimile signature on behalf of the Trustee by an authorized
officer under its seal, which may be in facsimile form and be
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imprinted or otherwise reproduced thereon. Certificates bearing
the manual or facsimile signatures of individuals who were, at
the time when such signatures were affixed, authorized to sign on
behalf of the Trustee shall bind the Trustee, notwithstanding
that such individuals or any of them have ceased to be so
authorized prior to the authentication and delivery of such
Certificates or did not hold such offices at the date of such
Certificate. No Certificate shall be entitled to any benefit
under this Agreement, or be valid for any purpose, unless such
Certificate shall have been manually countersigned by the Trustee
substantially in the forms set forth in Exhibit A hereto, and
such countersignature upon any Certificate shall be conclusive
evidence, and the only evidence, that such Certificate has been
duly executed and delivered hereunder. All Certificates issued on
the Closing Date shall be dated the Closing Date; all
Certificates issued thereafter shall be dated the date of their
countersignature.
(e) The Strip Rate for each Interest Accrual Period
shall be determined by the Company and included in the Servicer's
Certificate for the related Distribution Date.
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
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written instrument of transfer in form satisfactory to the
Trustee and the Certificate Registrar duly executed by the Holder
thereof or his attorney duly authorized in writing.
No service charge shall be made for any registration
of transfer or exchange of Certificates, but the Trustee may
require payment of a sum sufficient to cover any tax or
governmental charge that may be imposed in connection with any
transfer or exchange of Certificates.
All Certificates surrendered for registration of
transfer and exchange shall be canceled and subsequently
destroyed by the Trustee and a certificate of destruction shall
be delivered by the Trustee to the Company.
(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
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Holders, and an agreement by the Transferee that it will not
transfer a Residual Certificate without providing to the Trustee
an affidavit substantially in the form attached as Exhibit F
hereto and a letter substantially in the form attached as Exhibit
G hereto. Such affidavit shall also contain the statement of the
transferee that (i) it does not have the intention to impede the
assessment or collection of any federal, state or local taxes
legally required to be paid with respect to the Residual
Certificates and (ii) it understands that it may incur tax
liabilities in excess of cash flows generated by a Residual
Certificate and that it intends to pay taxes associated with
holding a Residual Certificate as they become due.
The affidavit described in the preceding paragraph, if
not executed in connection with the initial issuance of the
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.
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At the election of the Company, the cost to the Company of
computing and furnishing such information may be charged to the
transferor or such agent referred to above; however, the Company
shall in no event be excused from furnishing such information.
The restrictions on transfers of the Residual
Certificates set forth in the preceding three paragraphs shall
cease to apply to transfers (and the applicable portions of the
legend to the Residual Certificates may be deleted) after
delivery to the Trustee of an Opinion of Counsel to the effect
that the elimination of such restrictions will not cause the
REMIC established hereunder to fail to qualify as a REMIC at any
time that the Certificates are outstanding.
No transfer of a Restricted Certificate shall be made
unless such transfer is made pursuant to an effective
registration statement under the Securities Act of 1933, as
amended (the "Act"), and any applicable state securities laws, in
each case as evidenced by an Officer's Certificate, or is exempt
from the registration requirements of the Act and any applicable
state securities laws. In the event of such registration, any
restrictive legends set forth in the form of the relevant
Restricted Certificate in Exhibit A hereto with respect to the
Act and state securities law restrictions shall be removed by the
Trustee upon request of the Holder thereof and automatically upon
exchange or registration of transfer thereof. As a condition to
any transfer that is to be made in reliance upon an exemption
from the Act and such laws of a (i) Class PO or Class S
Certificate or (ii) Restricted Junior Certificate to any person
other than a QIB (as certified by the proposed transferee in the
form of assignment attached to the related Certificate), either
(x) the Trustee shall require the transferee to execute an
investment letter in the form substantially as set forth in
Exhibit I hereto or in such other form as may be acceptable to
the Trustee, certifying as to the facts surrounding such
transfer, or (y) in lieu of such investment letter, the Trustee
may accept a written Opinion of Counsel (in form and substance
acceptable to the Trustee) that such proposed transfer may be
made pursuant to an exemption from the Act. As an additional
condition to any transfer of a Restricted Certificate, either (i)
the transferor and the transferee shall complete the form of
assignment attached to the Certificate proposed to be
transferred, or (ii) the Trustee shall have received the
above-referenced Opinion of Counsel. The holder of any Restricted
Certificate desiring to effect the transfer thereof to a person
other than a QIB shall, and hereby agrees to, comply with any
applicable conditions set forth in the preceding two sentences
and indemnify the Trustee and the Company against any liability
that may result if the transfer thereof is not so exempt or is
not made in accordance with such federal and state laws. Such
agreement to so indemnify the Trustee and the Company shall
survive the termination of this Agreement. Notwithstanding the
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foregoing, no Opinion of Counsel or investment letter shall be
required upon the original issuance of (i) the Restricted Junior
Certificates to the Initial Purchaser (as defined in the Private
Placement Memorandum) or its nominee and (ii) the Class PO or
Class S Certificates to the Company or upon any subsequent
transfer of any Class PO or Class S Certificate by the Company,
provided that if any Restricted Junior Certificates are, at the
request of the Initial Purchaser, registered in the name of its
nominee, the Initial Purchaser shall be deemed to acknowledge and
agree with the Company and the Trustee that no transfer of a
beneficial interest in such Certificates will be made without
registering such Certificates in the name of the transferee,
which shall be a Person other than such nominee. Any opinion or
letter required pursuant to this paragraph shall not be at the
expense of the Trust Fund or the Trustee.
(c) (i) No transfer of an ERISA-Restricted Certificate
in the form of a Definitive Certificate shall be made to any
Person unless the Trustee has received (A) a certificate
(substantially in the form of Exhibit E or such other form as is
acceptable to the Company and the Trustee) from such transferee
to the effect that such transferee (i) is not a Plan or a Person
that is using the assets of a Plan to acquire such ERISA-
Restricted Certificate or (ii) is an insurance company investing
assets of its general account and the exemptions provided by
Section III(a) of Department of Labor Prohibited Transaction
Class Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the
"Exemptions") apply to the transferee's acquisition and holding
of any ERISA-Restricted Certificate or (B) an opinion of counsel
satisfactory to the Trustee and the Company to the effect that
the purchase and holding of such a Certificate will not
constitute or result in the assets of the Trust Fund being deemed
to be "plan assets" subject to the prohibited transactions
provisions of ERISA or Section 4975 of the Code and will not
subject the Trustee or the Company to any obligation in addition
to those undertaken in the Agreement; provided, however, that the
Trustee will not require such certificate or opinion in the event
that, as a result of a change of law or otherwise, counsel
satisfactory to the Trustee has rendered an opinion to the effect
that the purchase and holding of an ERISA-Restricted Certificate
by a Plan or a Person that is purchasing or holding such a
Certificate with the assets of a Plan will not constitute or
result in a prohibited transaction under ERISA or Section 4975 of
the Code. The preparation and delivery of the certificate and
opinions referred to above shall not be an expense of the Trust
Fund, the Trustee or the Company. Notwithstanding the foregoing,
no opinion or certificate shall be required for the initial
issuance of the ERISA-Restricted Certificates.
(ii) No transfer of a Residual Certificate shall be
made to any Person unless the Trustee has received a
certification (substantially in the form of paragraph 4 of
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Exhibit F) from such transferee to the effect that, among other
things, such transferee is not a Plan or a Person that is using
the assets of a Plan to acquire any such Certificate. The
preparation and delivery of such certificate shall not be an
expense of the Trust Fund, the Trustee or the Company.
(d) Subject to Section 8.01(i) hereof, the Trustee may
conclusively rely upon any certificate, affidavit or opinion
delivered pursuant to Section 5.02(b) or (c). Any certificate or
affidavit required to be delivered by a transferee under this
Section 5.02 may be executed and delivered in the name of such
transferee by its attorney-in-fact duly authorized in writing in
form and substance satisfactory to the Trustee.
(e) Except as to any additional Certificate of any
Class of Book-Entry Certificates held in physical certificated
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
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solicitations of consents from or voting by Certificateholders
and give notice to the Depository of such record date.
All transfers by Certificate Owners of Book-Entry
Certificates shall be made in accordance with the procedures
established by the Depository Participant or brokerage firm
representing such Certificate Owner. Each Depository Participant
shall only transfer Book-Entry Certificates of Certificate Owners
it represents or of brokerage firms for which it acts as agent in
accordance with the Depository's normal procedures. Except as
provided herein, the Trustee shall have no duty to monitor or
restrict the transfer of Certificates or interests therein, and
shall have no liability for any transfer, including any transfer
made through the book-entry facilities of the Depository or
between or among Depository Participants or Certificate Owners,
made in violation of applicable restrictions set forth herein,
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
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Depository's nominee, Cede & Co. The face amount of each such
Certificate shall represent 100% of the initial Class Certificate
Principal Balance thereof, except for such amount that does not
constitute an acceptable denomination to the Depository. An
additional Certificate of each Class of Book-Entry Certificates
may be issued evidencing such remainder and, if so issued, will
be held in physical certificated form by the Holders thereof.
Each Certificate issued in book-entry form shall bear the
following legend:
"Unless this Certificate is presented by an authorized
representative of The Depository Trust Company, a New York
corporation ("DTC"), to Issuer or its agent for registration of
transfer, exchange, or payment, and any certificate issued is
registered in the name of Cede & Co. or in such other name as
requested by an authorized representative of DTC (and any payment
is made to Cede & Co. or to such other entity as is requested by
an authorized representative of DTC), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has
an interest herein."
Section 5.03. Mutilated, Destroyed, Lost or Stolen
Certificates. If (a) any mutilated Certificate is surrendered to
the Certificate Registrar, or the Certificate Registrar receives
evidence to its satisfaction of the destruction, loss or theft of
any Certificate and (b) there is delivered to the Company, the
Certificate Registrar and the Trustee such security or indemnity
as may be required by them to save each of them harmless, then,
in the absence of notice to the Certificate Registrar or the
Trustee that such Certificate has been acquired by a bona fide
purchaser, the Trustee shall execute, countersign and deliver, in
exchange for or in lieu of any such mutilated, destroyed, lost or
stolen Certificate, a new Certificate of like tenor, Class and
Percentage Interest. In connection with the issuance of any new
Certificate under this Section 5.03, the Trustee may require the
payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and
any other expenses (including the fees and expenses of the
Trustee and the Certificate Registrar) connected therewith. Any
duplicate Certificate issued pursuant to this Section 5.03 shall
constitute complete and indefeasible evidence of ownership in the
Trust Fund, as if originally issued, whether or not the lost,
stolen or destroyed Certificate shall be found at any time.
Section 5.04. Persons Deemed Owners. Prior to due
presentation of a Certificate for registration of transfer, the
Company, the Trustee, the Certificate Registrar and any agent of
the Company, the Trustee or the Certificate Registrar may treat
the person in whose name any Certificate is registered as the
owner of such Certificate for the purpose of receiving
distributions pursuant to Section 4.01 and for all other purposes
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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". 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
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absence of manifest error) be final and binding. During each
Interest Accrual Period, the Certificate Interest Rate for the
COFI Certificates for the current and immediately preceding
Interest Accrual Period shall be made available by the Trustee to
Certificate Owners and Certificateholders at the following
telephone number: (617) 664-5500.
(b) The failure by the Federal Home Loan Bank of San
Francisco to publish COFI for a period of 65 calendar days will
constitute an "Alternative Rate Event" for purposes hereof. Upon
the occurrence of an Alternative Rate Event, the Company will
calculate the Certificate Interest Rates for the COFI
Certificates for the subsequent Interest Accrual Periods by
using, in place of COFI, (i) the replacement index, if any,
published or designated by the Federal Home Loan Bank of San
Francisco or (ii) if no replacement index is so published or
designated, an alternative index to be selected by the Company
that has performed, or that the Company expects to perform, in a
manner substantially similar to COFI. At the time an alternative
index is first selected by the Company, the Company shall
determine the average number of basis points, if any, by which
the alternative index differed from COFI for such period as the
Company, in its sole discretion, reasonably determines to reflect
fairly the long-term difference between COFI and the alternative
index, and shall adjust the alternative index by such average.
The Company shall select a particular index as an alternative
only if it receives an Opinion of Counsel to the effect that the
selection of such index will not cause any REMIC established
hereunder to fail to qualify as a REMIC for federal income tax
purposes. In the absence of manifest error, the selection of any
alternative index as provided by this Section 5.07(b) shall be
final and binding for each subsequent Interest Accrual Period.
Upon the occurrence of an Alternative Rate Event, the Trustee
shall have no responsibility for the determination of any
alternative index or the calculation of the Certificate Interest
Rates for the COFI Certificates.
(c) If at any time after the occurrence of an
Alternative Rate Event the Federal Home Loan Bank of San
Francisco resumes publication of COFI, the Certificate Interest
Rates for the COFI Certificates for each Interest Accrual Period
commencing thereafter will be calculated by reference to COFI.
Section 5.08. Determination of LIBOR. (a) If the
outstanding Certificates include any LIBOR Certificates, then on
each LIBOR Determination Date the Trustee shall determine LIBOR
on the basis of the offered LIBOR quotations of the Reference
Banks as of 11:00 a.m. London time on such LIBOR Determination
Date as follows:
(i) If on any LIBOR Determination Date two or more of
the Reference Banks provide such offered quotations, LIBOR
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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.
(d) The Trustee shall provide to Certificateholders
who inquire of it by telephone the Certificate Interest Rates of
the LIBOR Certificates for the current and immediately preceding
Interest Accrual Period.
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(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.
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
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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,
that the Company may in its sole discretion undertake any such
action which it may deem necessary or desirable in respect of
this Agreement, and the rights and duties of the parties hereto
and the interests of the Certificateholders hereunder. In such
event, the legal expenses and costs of such action and any
liability resulting therefrom shall be expenses, costs and
liabilities of the Trust Fund and the Company shall be entitled
to be reimbursed therefor from amounts credited to the Mortgage
Loan Payment Record as provided by Section 3.04.
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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
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
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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
termination of the responsibilities and rights of the Company
hereunder, including, without limitation, the transfer to the
Trustee for the administration by it of all cash amounts that
shall at the time be held by the Company and that have been or
should have been credited by it to the Mortgage Loan Payment
Record, or that have been deposited by the Company in the
Certificate Account or are thereafter received by the Company
with respect to the Mortgage Loans. In addition to any other
amounts which are then, or, notwithstanding the termination of
its activities as servicer, may become, payable to the Company
under this Agreement, the Company shall be entitled to receive
out of any delinquent payment on account of interest on a
Mortgage Loan, due during the period prior to the notice pursuant
to this Section 7.01 which terminates the obligation and rights
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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
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
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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,
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;
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(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%.
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
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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;
(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
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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.
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
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hold it harmless against, any and all losses, liabilities,
damages, claims or expenses other than those resulting from the
negligence or bad faith of the Trustee. From time to time, the
Trustee may request that the Company debit the Mortgage Loan
Payment Record pursuant to Section 3.04 to reimburse the Trustee
for any Monthly Advances and Nonrecoverable Advances.
Section 8.06. Eligibility Requirements for Trustee.
The Trustee hereunder shall at all times be a corporation having
its principal office either in the State of New York or in the
same state as that in which the initial Trustee under this
Agreement has its principal office and organized and doing
business under the laws of such State or the United States of
America, authorized under such laws to exercise corporate trust
powers, having a combined capital and surplus of at least
$50,000,000 and subject to supervision or examination by federal
or state authority. If such corporation publishes reports of
condition at least annually, pursuant to law or to the
requirements of the aforesaid supervising or examining authority,
then for the purposes of this Section 8.06, the combined capital
and surplus of such corporation shall be deemed to be its
combined capital and surplus as set forth in its most recent
report of condition so published. The Trustee shall not be an
affiliate of the Company. In case at any time the Trustee shall
cease to be eligible in accordance with the provisions of this
Section 8.06, the Trustee shall resign immediately in the manner
and with the effect specified in Section 8.07.
Section 8.07. Resignation or Removal of Trustee. The
Trustee may at any time resign and be discharged from the trusts
hereby created by giving written notice thereof to the Company.
Upon receiving such notice of resignation, the Company shall
promptly appoint a successor Trustee by written instrument, in
duplicate, one copy of which instrument shall be delivered to the
resigning Trustee and one copy to the successor Trustee. If no
successor Trustee shall have been so appointed and having
accepted appointment within 30 days after the giving of such
notice of resignation, the resigning Trustee may petition any
court of competent jurisdiction for the appointment of a
successor Trustee.
If the conditions in any of the following clauses (i),
(ii) or (iii) shall occur at any time, the Company may remove the
Trustee: (i) the Trustee shall cease to be eligible in accordance
with the provisions of Section 8.06 and shall fail to resign
after written request therefor by the Company; (ii) the Trustee
shall be legally unable to act, or shall be adjudged a bankrupt
or insolvent, or a receiver of the Trustee or of its property
shall be appointed, or any public officer shall take charge or
control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation; or (iii)
the replacement of the Trustee with a successor Trustee
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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.
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,
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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
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
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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
each of them. Every instrument appointing any separate trustee or
co-trustee shall refer to this Agreement and the conditions of
this Article VIII. Each separate trustee and co-trustee, upon its
acceptance of the trusts conferred, shall be vested with the
estates or property specified in its instrument of appointment,
either jointly with the Trustee or separately, as may be provided
therein, subject to all the provisions of this Agreement,
specifically including every provision of this Agreement relating
to the conduct of, affecting the liability of, or affording
protection to, the Trustee. Every such instrument shall be filed
with the Trustee and a copy thereof given to the Company.
Any separate trustee or co-trustee may, at any time,
constitute the Trustee, its agent or attorney-in-fact, with full
power and authority, to the extent not prohibited by law, to do
any lawful act under or in respect of this Agreement on its
behalf and in its name. If any separate trustee or co-trustee
shall die, become incapable of acting, resign or be removed, all
of its estates, properties, rights, remedies and trusts shall
vest in and be exercised by the Trustee, to the extent permitted
by law, without the appointment of a new or successor trustee.
Section 8.11. Compliance with REMIC Provisions; Tax
Returns. The Trustee shall at all times act in such a manner in
the performance of its duties hereunder as shall be necessary to
prevent the Trust Fund from failing to qualify as a REMIC and to
prevent the imposition of a tax on the Trust Fund or the REMIC
established hereunder. The Trustee, upon request, will furnish
the Company with all such information within its possession as
may be reasonably required in connection with the preparation of
all tax returns of the Trust Fund and any Reserve Fund, and
shall, upon request, execute such returns.
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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
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
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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
above provided, any such repurchase being in lieu of the
distribution otherwise required to be made on the Distribution
Date upon which the repurchase is effected. Upon certification to
the Trustee by a Servicing Officer following such final deposit,
the Trustee shall promptly release to the Company the Mortgage
Files for the repurchased Mortgage Loans.
On the final Distribution Date, the Trustee shall
distribute amounts on deposit in the Certificate Account in
accordance with the applicable priorities provided by Section
4.01. Distributions on each Certificate shall be made on the
final Distribution Date in the manner specified in Section 4.02
but only upon presentation and surrender of the Certificates.
In the event that all of the Certificateholders shall
not surrender their Certificates for cancellation within six
months after the date specified in the above-mentioned written
notice, the Trustee shall give a second written notice to the
remaining Certificateholders to surrender their Certificates for
cancellation and receive the final distribution with respect
thereto. If within one year after the second notice all the
Certificates shall not have been surrendered for cancellation,
the Trustee may take appropriate steps, or may appoint an agent
to take appropriate steps, to contact the remaining
Certificateholders concerning surrender of their Certificates,
and the cost thereof shall be paid out of the funds and other
assets which remain subject hereto.
Section 9.02. Additional Termination Requirements. (a)
In the event the Company exercises its purchase option as
provided in Section 9.01, the Trust Fund and the REMIC
established hereunder shall be terminated in accordance with the
following additional requirements, unless the Trustee has been
supplied with an Opinion of Counsel to the effect that the
failure to comply with the requirements of this Section 9.02 will
not (i) result in the imposition of taxes on "prohibited
transactions" of such REMIC as defined in section 860F of the
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Code, or (ii) cause the Trust Fund to fail to qualify as a REMIC
at any time that any Certificates are outstanding:
(i) Within 90 days prior to the final Distribution
Date set forth in the notice given by the Trustee under
Section 9.01, the Company shall prepare and the Trustee
shall execute and adopt a plan of complete liquidation for
such REMIC within the meaning of section 860F(a)(4)(A)(i)
of the Code, which shall be evidenced by such notice; and
(ii) Within 90 days after the time of adoption of such
a plan of complete liquidation, the Trustee shall sell all
of the assets of the Trust Fund to the Company for cash in
accordance with Section 9.01.
(b) By their acceptance of the Residual Certificates,
the Holders thereof hereby authorize the Trustee to adopt such a
plan of complete liquidation which authorization shall be binding
on all successor Holders of the Residual Certificates.
(c) On the final federal income tax return for the
REMIC established hereunder, the Trustee will attach a statement
specifying the date of the adoption of the plan of liquidation.
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01. Amendment. This Agreement may be
amended from time to time by the Company and the Trustee, without
the consent of any of the Certificateholders, to cure any
ambiguity, to correct or supplement any provisions herein or
therein which may be defective or inconsistent with any other
provisions herein, or to add any other provisions with respect to
matters or questions arising under this Agreement, which shall
not be materially inconsistent with the provisions of this
Agreement; provided, however, that such action shall not, as
evidenced by an Opinion of Counsel, adversely affect in any
material respect the interests of any Certificateholder.
Notwithstanding the foregoing, without the consent of the
Certificateholders, the Trustee and the Company may at any time
and from time to time amend this Agreement to modify, eliminate
or add to any of its provisions to such extent as shall be
necessary or appropriate to maintain the qualification of the
Trust Fund as a REMIC under the Code or to avoid or minimize the
risk of the imposition of any tax on the Trust Fund pursuant to
the Code that would be a claim against the Trust Fund at any time
prior to the final redemption of the Certificates, provided that
the Trustee has obtained an opinion of independent counsel (which
opinion also shall be addressed to the Company) to the effect
that such action is necessary or appropriate to maintain such
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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
aggregating not less than 66% of each Class affected by such
amendment, for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of
this Agreement, or of modifying in any manner the rights of the
Holders of Certificates; provided, however, that no such
amendment shall (a) reduce in any manner the amount of, or delay
the timing of, collections of payments on the Mortgage Loans or
distributions which are required to be made on any Certificate
without the consent of the Holder of such Certificate, (b)
adversely affect in any material respects the interests of the
Holders of any Class of Certificates in any manner other than as
described in (a), without the consent of the Holders of
Certificates evidencing Percentage Interests aggregating not less
than 66% of such Class, or (c) reduce the aforesaid percentages
of Certificates of any Class required to consent to any such
amendment, without the consent of the Holders of all Certificates
of such Class then outstanding. For purposes of this paragraph,
references to "Holder" or "Holders" shall be deemed to include,
in the case of any Class of Book-Entry Certificates, the related
Certificate Owners.
Notwithstanding any contrary provision of this
Agreement, the Trustee shall not consent to any amendment to this
Agreement unless it shall have first received an Opinion of
Counsel to the effect that such amendment will not subject the
Trust Fund to tax or cause the Trust Fund to fail to qualify as a
REMIC at any time that any Certificates are outstanding.
Promptly after the execution of any such amendment or
consent the Trustee shall furnish written notification of the
substance of such amendment to each Certificateholder.
It shall not be necessary for the consent of
Certificateholders under this Section 10.01 to approve the
particular form of any proposed amendment, but it shall be
sufficient if such consent shall approve the substance thereof.
The manner of obtaining such consents and of evidencing the
authorization of the execution thereof by Certificateholders
shall be subject to such reasonable requirements as the Trustee
may prescribe.
Section 10.02. Recordation of Agreement. This
Agreement is subject to recordation in all appropriate public
offices for real property records in all the counties or other
comparable jurisdictions in which any or all of the properties
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subject to the Mortgages are situated, and in any other
appropriate public recording office or elsewhere, such
recordation to be effected by the Company and at its expense on
direction by the Trustee, but only upon direction of the Trustee
accompanied by an Opinion of Counsel to the effect that such
recordation materially and beneficially affects the interests of
Certificateholders.
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
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covenanted by each Certificateholder with every other
Certificateholder and the Trustee, that no one or more Holders of
Certificates shall have any right in any manner whatever by
virtue or by availing itself or themselves of any provisions of
this Agreement to affect, disturb or prejudice the rights of the
Holders of any other of the Certificates, or to obtain or seek to
obtain priority over or preference to any other such Holder, or
to enforce any right under this Agreement, except in the manner
herein provided and for the equal, ratable and common benefit of
all Certificateholders. For the protection and enforcement of the
provisions of this Section 10.03, each and every
Certificateholder and the Trustee shall be entitled to such
relief as can be given either at law or in equity.
Section 10.04. Governing Law. THIS AGREEMENT SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
Section 10.05. Notices. All demands, notices and
communications hereunder shall be in writing and shall be deemed
to have been duly given if personally delivered at or mailed by
certified mail, return receipt requested, (a) in the case of the
Company, to GE Capital Mortgage Services, Inc., 3 Executive
Campus, Cherry Hill, New Jersey 08002, Attention: General
Counsel, (b) in the case of the Trustee, to State Street Bank and
Trust Company, Corporate Trust Department, 225 Franklin Street,
Boston, Massachusetts 02110, (c) in the case of Fitch, to Fitch
Investors Service, L.P., One State Street Plaza, New York, New
York 10004, Attention: Structured Finance Surveillance, and (d)
in the case of S&P, Standard and Poor's Rating Services, 26
Broadway, 16th Floor, New York, New York 10007, Attention:
Mortgage-Backed Securities, or, as to each such Person, at such
other address as shall be designated by such Person in a written
notice to each other named Person. Any notice required or
permitted to be mailed to a Certificateholder shall be given by
first class mail, postage prepaid, at the address of such Holder
as shown in the Certificate Register. Any notice so mailed within
the time prescribed in this Agreement shall be conclusively
presumed to have been duly given, whether or not the
Certificateholder receives such notice.
Section 10.06. Notices to the Rating Agencies. The
Company shall deliver written notice of the following events to
each Rating Agency promptly following the occurrence thereof:
material amendment to this Agreement; any Event of Default; any
Trigger Event; change in or termination of the Trustee; removal
of the Company or any successor servicer as servicer; repurchase
or replacement of any Defective Mortgage Loan pursuant to Section
2.03; and final payment to Certificateholders. In addition, the
Company shall deliver copies of the following documents to each
Rating Agency at the time such documents are required to be
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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.
* * *
<PAGE>
IN WITNESS WHEREOF, the Company and the Trustee have
caused this Agreement to be duly executed by their respective
officers and their respective seals, duly attested, to be
hereunto affixed, all as of the day and year first above written.
GE CAPITAL MORTGAGE
SERVICES, INC.
By:_____________________________
Name:
Title:
[SEAL]
Attest:
By:________________________
Name:
Title:
STATE STREET BANK AND
TRUST COMPANY,
as Trustee
By:______________________________
Name:
Title:
[SEAL]
Attest:
By:_________________________
Name:
Title:
<PAGE>
State of New Jersey )
) ss.:
County of Camden )
On the day of December, 1997 before me, a notary
public in and for the State of New Jersey, personally appeared
_______________________, known to me who, being by me duly sworn,
did depose and say that he/she resides at
__________________________________________________________;
that he/she is a(n) _________________________ of GE Capital
Mortgage Services, Inc., a corporation formed under the laws of
the State of New Jersey, one of the parties that executed the
foregoing instrument; that he/she knows the seal of said
corporation; that the seal affixed to said instrument is such
corporate seal; that it was so affixed by order of the Board of
Directors of said corporation; and that he/she signed his/her
name thereto by like order.
_______________________________
Notary Public
[Notarial Seal]
<PAGE>
The Commonwealth of Massachusetts )
) ss.:
County of Suffolk )
On the day of December, 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 1997-12
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A1 Certificate
Principal Balance:
Class A1 $310,000,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$***********
Cut-off Date:
December 1, 1997
First Distribution Date: CUSIP: 36157RBT1
January 26, 1998
<PAGE>
THIS CERTIFIES THAT
******
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of December 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 January 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-12, issued in fifteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class R,
Class M, Class B1, Class B2, Class B3, Class B4, Class B5, Class
PO and
Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
<PAGE>
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee
<PAGE>
(x) is not an employee benefit plan subject to ERISA or a Plan or
a Person that is using the assets of a Plan to acquire any such
Class R Certificate or (y) is an insurance company investing
assets of its general account and the Exemption applies to such
transferee's acquisition and holding of any such Class R
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon
<PAGE>
payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:____________________________
Name:
Title:
Countersigned:
By___________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:_______________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:-------------------
- ---------------------------------------
Signature by or on behalf of assignor
- -------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-12
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A2 Certificate
Principal Balance:
Class A2 $150,452,227.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$***********
Cut-off Date:
December 1, 1997
First Distribution Date: CUSIP: 36157RBU8
January 26, 1998
<PAGE>
THIS CERTIFIES THAT
**********
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A2 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of December 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 January 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-12
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A3 Certificate
Principal Balance:
Class A3 $16,633,813.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
**************
Cut-off Date:
December 1, 1997
First Distribution Date: CUSIP: 36157RBV6
January 26, 1998
<PAGE>
THIS CERTIFIES THAT
***********
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of December 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 January 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-12, issued in fifteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class R,
Class M, Class B1, Class B2, Class B3, Class B4, Class B5, Class
PO and
Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
<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 1997-12
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A4 Certificate
Principal Balance:
Class A4 $17,157,119.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
**************
Cut-off Date:
December 1, 1997
First Distribution Date: CUSIP: 36157RBW4
January 26, 1998
<PAGE>
THIS CERTIFIES THAT
*********
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A4 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of December 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 January 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-12
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A5 Certificate
Principal Balance:
Class A5 $62,129,252.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
*************
Cut-off Date:
December 1, 1997
First Distribution Date: CUSIP: 36157RBX2
January 26, 1998
<PAGE>
THIS CERTIFIES THAT
********
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A5 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of December 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 January 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-12
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A6 Certificate
Principal Balance:
Class A6 $61,819,168.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
***************
Cut-off Date:
December 1, 1997
First Distribution Date: CUSIP: 36157RBY0
January 26, 1998
<PAGE>
THIS CERTIFIES THAT
********
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A6 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of December 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 January 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN
SECTIONS 860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE,
BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR
BOOK-ENTRY NOMINEES.
THE HOLDER OF THIS CLASS R CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY (AS DEFINED
HEREIN) AS ITS AGENT AND ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS
PERSON" OF THE REMIC TO PERFORM THE FUNCTIONS OF A "TAX MATTERS
PARTNER" FOR PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F
OF THE CODE, WITH RESPECT TO THE TRUST FUND.
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-12
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class R Certificate
Principal Balance:
Class R $100
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
****
Cut-off Date:
December 1, 1997
First Distribution Date: CUSIP: 36157RCC7
January 26, 1998
<PAGE>
THIS CERTIFIES THAT
**********
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class R Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of December 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 January 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-12, issued in fifteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class R,
Class M, Class B1, Class B2, Class B3, Class B4, Class B5, Class
PO and
Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
<PAGE>
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee
<PAGE>
(x) is not an employee benefit plan subject to ERISA or a Plan or
a Person that is using the assets of a Plan to acquire any such
Class R Certificate or (y) is an insurance company investing
assets of its general account and the Exemption applies to such
transferee's acquisition and holding of any such Class R
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon
<PAGE>
payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:______________________
Name:
Title:
Countersigned:
By_______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:--------------------
- --------------------------------------
Signature by or on behalf of assignor
- --------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust
company or broker of the signatory who is a member of a
signature guarantee medallion program.
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-12
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class M Certificate
Principal Balance:
Class M $9,029,996.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
**********
Cut-off Date:
December 1, 1997
First Distribution Date: CUSIP: 36157RBZ7
January 26, 1998
<PAGE>
THIS CERTIFIES THAT
*******
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class M Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of December 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 January 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-12, issued in fifteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class R,
Class M, Class B1, Class B2, Class B3, Class B4, Class B5, Class
PO and
Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
<PAGE>
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee
<PAGE>
(x) is not an employee benefit plan subject to ERISA or a Plan or
a Person that is using the assets of a Plan to acquire any such
Class R Certificate or (y) is an insurance company investing
assets of its general account and the Exemption applies to such
transferee's acquisition and holding of any such Class R
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon
<PAGE>
payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:-------------------
- -------------------------------------
Signature by or on behalf of assignor
- -------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-12
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B1 Certificate
Principal Balance:
Class B1 $6,127,497.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
*************
Cut-off Date:
December 1, 1997
First Distribution Date: CUSIP: 36157RCA1
January 26, 1998
<PAGE>
THIS CERTIFIES THAT
*********
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of December 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 January 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-12
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B2 Certificate
Principal Balance:
Class B2 $4,837,497.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
************
Cut-off Date:
December 1, 1997
First Distribution Date: CUSIP: 36157RCB9
January 26, 1998
<PAGE>
THIS CERTIFIES THAT
******
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B2 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of December 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 January 1998, to the Person in whose name this Certificate is
registered at the close of business on the last Business Day of
the month immediately preceding the month of such distribution
(the "Record Date"), of an amount equal to the product of the
Percentage Interest evidenced by this Certificate and the
aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
<PAGE>
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED). THE FOLLOWING
INFORMATION IS PROVIDED SOLELY FOR THE PURPOSES OF APPLYING THE
U.S. FEDERAL INCOME TAX ORIGINAL ISSUE DISCOUNT ("OID") RULES TO
THIS CERTIFICATE. THE DATE OF ISSUE OF THIS CERTIFICATE IS
DECEMBER 30, 1997. THE INITIAL PER ANNUM RATE OF INTEREST ON THIS
CERTIFICATE IS 7.00%. ASSUMING THAT PRINCIPAL PREPAYMENTS ARE
MADE ON THE MORTGAGE LOANS (AS DEFINED HEREIN) UNDERLYING THE
CERTIFICATES AT A RATE OF 250% OF THE PREPAYMENT ASSUMPTION (AS
DEFINED IN THE PROSPECTUS COVERING THE INITIAL OFFERING OF THE
CERTIFICATES), THIS CERTIFICATE HAS BEEN ISSUED WITH NO MORE THAN
$**** OF OID PER $***** OF INITIAL CERTIFICATE PRINCIPAL BALANCE,
THE YIELD TO MATURITY IS *****% AND THE AMOUNT OF OID
ATTRIBUTABLE TO THE INITIAL SHORT ACCRUAL PERIOD IS NO MORE THAN
$*** PER $*** OF INITIAL CERTIFICATE PRINCIPAL BALANCE, COMPUTED
UNDER THE EXACT METHOD. NO REPRESENTATION IS MADE AS TO THE RATE
AT WHICH PRINCIPAL PAYMENTS WILL BE MADE ON THE MORTGAGE LOANS.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-12
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B3 Certificate
Principal Balance:
Class B3 $3,224,998.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
**********
Cut-off Date:
December 1, 1997
First Distribution Date: CUSIP: 36157RCD5
January 26, 1998
<PAGE>
THIS CERTIFIES THAT
*************
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of December 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 January 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-12, issued in fifteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class R,
Class M, Class B1, Class B2, Class B3, Class B4, Class B5, Class
PO and
Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
<PAGE>
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee
<PAGE>
(x) is not an employee benefit plan subject to ERISA or a Plan or
a Person that is using the assets of a Plan to acquire any such
Class R Certificate or (y) is an insurance company investing
assets of its general account and the Exemption applies to such
transferee's acquisition and holding of any such Class R
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon
<PAGE>
payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_______________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:-------------------
- -------------------------------------
Signature by or on behalf of assignor
- -------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by the
undersigned to a person whom the undersigned
reasonably believes is a "qualified
institutional buyer" (as defined in Rule 144A
under the Securities Act of 1933, as amended)
pursuant to the exemption from registration
under the Securities Act of 1933, as amended,
provided by Rule 144A thereunder.
|_| (b) This Certificate is being transferred by the
undersigned to an institutional "accredited
investor" (as defined in Rule 501(a)(1), (2),
(3) or (7) of Regulation D under the
Securities Act of 1933, as amended) and that
the undersigned has been advised by the
prospective purchaser that it intends to hold
this Certificate for investment and not for
distribution or resale.
Dated
- ---------------------------- ----------------------------------
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the
<PAGE>
Securities Act of 1933, as amended) and acknowledges that it has
received such information as the undersigned has requested
pursuant to Rule 144A or has determined not to request such
information and that it is aware that the registered holder is
relying upon the undersigned's foregoing representations in order
to claim the exemption from registration provided by Rule 144A,
and (ii) the undersigned (x) is not an employee benefit plan
subject to the Employee Retirement Income Security Act of 1974,
as amended, or a plan subject to Section 4975 of the Internal
Revenue Code of 1986, as amended, and is not using the assets of
any such employee benefit or other plan to acquire this
Certificate or (y) is an insurance company investing assets of
its general account and the exemptions provided by Section III(a)
of Department of Labor Prohibited Transaction Exemption 95-60, 60
Fed. Reg. 35925 (July 12, 1995), apply to the acquisition and
holding by the undersigned of this Certificate.
Dated
- ------------------------ -------------------------------------
(Signature)
TO BE COMPLETED BY PURCHASER IF (b) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
an institutional "accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities
Act of 1933, as amended), and (ii) the undersigned (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended, or a plan subject to Section
4975 of the Internal Revenue Code of 1986, as amended, and is not
using the assets of any such employee benefit or other plan to
acquire this Certificate or (y) is an insurance company investing
assets of its general account and the exemptions provided by
Section III(a) of Department of Labor Prohibited Transaction
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995), apply to the
acquisition and holding by the undersigned of this Certificate.
Dated
- -------------------------- ------------------------------------
(Signature)
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
<PAGE>
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED). THE FOLLOWING
INFORMATION IS PROVIDED SOLELY FOR THE PURPOSES OF APPLYING THE
U.S. FEDERAL INCOME TAX ORIGINAL ISSUE DISCOUNT ("OID") RULES TO
THIS CERTIFICATE. THE DATE OF ISSUE OF THIS CERTIFICATE IS
DECEMBER 30, 1997. THE INITIAL PER ANNUM RATE OF INTEREST ON THIS
CERTIFICATE IS 7.00%. ASSUMING THAT PRINCIPAL PREPAYMENTS ARE
MADE ON THE MORTGAGE LOANS (AS DEFINED HEREIN) UNDERLYING THE
CERTIFICATES AT A RATE OF 250% OF THE PREPAYMENT ASSUMPTION (AS
DEFINED IN THE PROSPECTUS COVERING THE INITIAL OFFERING OF THE
CERTIFICATES), THIS CERTIFICATE HAS BEEN ISSUED WITH NO MORE THAN
$**** OF OID PER $***** OF INITIAL CERTIFICATE PRINCIPAL BALANCE,
THE YIELD TO MATURITY IS *****% AND THE AMOUNT OF OID
ATTRIBUTABLE TO THE INITIAL SHORT ACCRUAL PERIOD IS NO MORE THAN
$*** PER $*** OF INITIAL CERTIFICATE PRINCIPAL BALANCE, COMPUTED
UNDER THE EXACT METHOD. NO REPRESENTATION IS MADE AS TO THE RATE
AT WHICH PRINCIPAL PAYMENTS WILL BE MADE ON THE MORTGAGE LOANS.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-12
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B3 Certificate
Principal Balance:
Class B3 $3,224,998.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
*********
Cut-off Date:
December 1, 1997
First Distribution Date: CUSIP: 36157RCD5
January 26, 1998
<PAGE>
THIS CERTIFIES THAT
************
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of December 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 January 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-12, issued in fifteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class R,
Class M, Class B1, Class B2, Class B3, Class B4, Class B5, Class
PO and
Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
<PAGE>
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee
<PAGE>
(x) is not an employee benefit plan subject to ERISA or a Plan or
a Person that is using the assets of a Plan to acquire any such
Class R Certificate or (y) is an insurance company investing
assets of its general account and the Exemption applies to such
transferee's acquisition and holding of any such Class R
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon
<PAGE>
payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:_________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:--------------------
- -------------------------------------
Signature by or on behalf of assignor
- --------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by the
undersigned to a person whom the undersigned
reasonably believes is a "qualified
institutional buyer" (as defined in Rule 144A
under the Securities Act of 1933, as amended)
pursuant to the exemption from registration
under the Securities Act of 1933, as amended,
provided by Rule 144A thereunder.
|_| (b) This Certificate is being transferred by the
undersigned to an institutional "accredited
investor" (as defined in Rule 501(a)(1), (2),
(3) or (7) of Regulation D under the
Securities Act of 1933, as amended) and that
the undersigned has been advised by the
prospective purchaser that it intends to hold
this Certificate for investment and not for
distribution or resale.
Dated
- ----------------------------- ---------------------------------
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the
<PAGE>
Securities Act of 1933, as amended) and acknowledges that it has
received such information as the undersigned has requested
pursuant to Rule 144A or has determined not to request such
information and that it is aware that the registered holder is
relying upon the undersigned's foregoing representations in order
to claim the exemption from registration provided by Rule 144A,
and (ii) the undersigned (x) is not an employee benefit plan
subject to the Employee Retirement Income Security Act of 1974,
as amended, or a plan subject to Section 4975 of the Internal
Revenue Code of 1986, as amended, and is not using the assets of
any such employee benefit or other plan to acquire this
Certificate or (y) is an insurance company investing assets of
its general account and the exemptions provided by Section III(a)
of Department of Labor Prohibited Transaction Exemption 95-60, 60
Fed. Reg. 35925 (July 12, 1995), apply to the acquisition and
holding by the undersigned of this Certificate.
Dated
- ------------------------- -------------------------------------
(Signature)
TO BE COMPLETED BY PURCHASER IF (b) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
an institutional "accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities
Act of 1933, as amended), and (ii) the undersigned (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended, or a plan subject to Section
4975 of the Internal Revenue Code of 1986, as amended, and is not
using the assets of any such employee benefit or other plan to
acquire this Certificate or (y) is an insurance company investing
assets of its general account and the exemptions provided by
Section III(a) of Department of Labor Prohibited Transaction
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995), apply to the
acquisition and holding by the undersigned of this Certificate.
Dated
- ------------------------ -------------------------------------
(Signature)
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
<PAGE>
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED). THE FOLLOWING
INFORMATION IS PROVIDED SOLELY FOR THE PURPOSES OF APPLYING THE
U.S. FEDERAL INCOME TAX ORIGINAL ISSUE DISCOUNT ("OID") RULES TO
THIS CERTIFICATE. THE DATE OF ISSUE OF THIS CERTIFICATE IS
DECEMBER 30, 1997. THE INITIAL PER ANNUM RATE OF INTEREST ON THIS
CERTIFICATE IS 7.00%. ASSUMING THAT PRINCIPAL PREPAYMENTS ARE
MADE ON THE MORTGAGE LOANS (AS DEFINED HEREIN) UNDERLYING THE
CERTIFICATES AT A RATE OF 250% OF THE PREPAYMENT ASSUMPTION (AS
DEFINED IN THE PROSPECTUS COVERING THE INITIAL OFFERING OF THE
CERTIFICATES), THIS CERTIFICATE HAS BEEN ISSUED WITH NO MORE THAN
$**** OF OID PER $***** OF INITIAL CERTIFICATE PRINCIPAL BALANCE,
THE YIELD TO MATURITY IS *****% AND THE AMOUNT OF OID
ATTRIBUTABLE TO THE INITIAL SHORT ACCRUAL PERIOD IS NO MORE THAN
$*** PER $*** OF INITIAL CERTIFICATE PRINCIPAL BALANCE, COMPUTED
UNDER THE EXACT METHOD. NO REPRESENTATION IS MADE AS TO THE RATE
AT WHICH PRINCIPAL PAYMENTS WILL BE MADE ON THE MORTGAGE LOANS.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-12
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B3 Certificate
Principal Balance:
Class B3 $3,224,998.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
*********
Cut-off Date:
December 1, 1997
First Distribution Date: CUSIP: 36157RCD5
January 26, 1998
<PAGE>
THIS CERTIFIES THAT
**********
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of December 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 January 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-12, issued in fifteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class R,
Class M, Class B1, Class B2, Class B3, Class B4, Class B5, Class
PO and
Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
<PAGE>
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee
<PAGE>
(x) is not an employee benefit plan subject to ERISA or a Plan or
a Person that is using the assets of a Plan to acquire any such
Class R Certificate or (y) is an insurance company investing
assets of its general account and the Exemption applies to such
transferee's acquisition and holding of any such Class R
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon
<PAGE>
payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:____________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:-------------------
- -------------------------------------
Signature by or on behalf of assignor
- -------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by the
undersigned to a person whom the undersigned
reasonably believes is a "qualified
institutional buyer" (as defined in Rule 144A
under the Securities Act of 1933, as amended)
pursuant to the exemption from registration
under the Securities Act of 1933, as amended,
provided by Rule 144A thereunder.
|_| (b) This Certificate is being transferred by the
undersigned to an institutional "accredited
investor" (as defined in Rule 501(a)(1), (2),
(3) or (7) of Regulation D under the
Securities Act of 1933, as amended) and that
the undersigned has been advised by the
prospective purchaser that it intends to hold
this Certificate for investment and not for
distribution or resale.
Dated
- -------------------------- ------------------------------------
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the
<PAGE>
Securities Act of 1933, as amended) and acknowledges that it has
received such information as the undersigned has requested
pursuant to Rule 144A or has determined not to request such
information and that it is aware that the registered holder is
relying upon the undersigned's foregoing representations in order
to claim the exemption from registration provided by Rule 144A,
and (ii) the undersigned (x) is not an employee benefit plan
subject to the Employee Retirement Income Security Act of 1974,
as amended, or a plan subject to Section 4975 of the Internal
Revenue Code of 1986, as amended, and is not using the assets of
any such employee benefit or other plan to acquire this
Certificate or (y) is an insurance company investing assets of
its general account and the exemptions provided by Section III(a)
of Department of Labor Prohibited Transaction Exemption 95-60, 60
Fed. Reg. 35925 (July 12, 1995), apply to the acquisition and
holding by the undersigned of this Certificate.
- ------------------------- -------------------------------------
Dated
(Signature)
TO BE COMPLETED BY PURCHASER IF (b) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
an institutional "accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities
Act of 1933, as amended), and (ii) the undersigned (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended, or a plan subject to Section
4975 of the Internal Revenue Code of 1986, as amended, and is not
using the assets of any such employee benefit or other plan to
acquire this Certificate or (y) is an insurance company investing
assets of its general account and the exemptions provided by
Section III(a) of Department of Labor Prohibited Transaction
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995), apply to the
acquisition and holding by the undersigned of this Certificate.
Dated
- ------------------------- -------------------------------------
(Signature)
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
<PAGE>
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED). THE FOLLOWING
INFORMATION IS PROVIDED SOLELY FOR THE PURPOSES OF APPLYING THE
U.S. FEDERAL INCOME TAX ORIGINAL ISSUE DISCOUNT ("OID") RULES TO
THIS CERTIFICATE. THE DATE OF ISSUE OF THIS CERTIFICATE IS
DECEMBER 30, 1997. THE INITIAL PER ANNUM RATE OF INTEREST ON THIS
CERTIFICATE IS 7.00%. ASSUMING THAT PRINCIPAL PREPAYMENTS ARE
MADE ON THE MORTGAGE LOANS (AS DEFINED HEREIN) UNDERLYING THE
CERTIFICATES AT A RATE OF 250% OF THE PREPAYMENT ASSUMPTION (AS
DEFINED IN THE PROSPECTUS COVERING THE INITIAL OFFERING OF THE
CERTIFICATES), THIS CERTIFICATE HAS BEEN ISSUED WITH NO MORE THAN
$**** OF OID PER $***** OF INITIAL CERTIFICATE PRINCIPAL BALANCE,
THE YIELD TO MATURITY IS *****% AND THE AMOUNT OF OID
ATTRIBUTABLE TO THE INITIAL SHORT ACCRUAL PERIOD IS NO MORE THAN
$*** PER $*** OF INITIAL CERTIFICATE PRINCIPAL BALANCE, COMPUTED
UNDER THE EXACT METHOD. NO REPRESENTATION IS MADE AS TO THE RATE
AT WHICH PRINCIPAL PAYMENTS WILL BE MADE ON THE MORTGAGE LOANS.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-12
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B3 Certificate
Principal Balance:
Class B3 $3,224,998.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
************
Cut-off Date:
December 1, 1997
First Distribution Date: CUSIP: 36157RCD5
January 26, 1998
<PAGE>
THIS CERTIFIES THAT
***********
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of December 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 January 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-12, issued in fifteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class R,
Class M, Class B1, Class B2, Class B3, Class B4, Class B5, Class
PO and
Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
<PAGE>
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee
<PAGE>
(x) is not an employee benefit plan subject to ERISA or a Plan or
a Person that is using the assets of a Plan to acquire any such
Class R Certificate or (y) is an insurance company investing
assets of its general account and the Exemption applies to such
transferee's acquisition and holding of any such Class R
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon
<PAGE>
payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_________________________
Name:
Title:
Countersigned:
By_______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:------------------
- -------------------------------------
Signature by or on behalf of assignor
- ------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by the
undersigned to a person whom the undersigned
reasonably believes is a "qualified
institutional buyer" (as defined in Rule 144A
under the Securities Act of 1933, as amended)
pursuant to the exemption from registration
under the Securities Act of 1933, as amended,
provided by Rule 144A thereunder.
|_| (b) This Certificate is being transferred by the
undersigned to an institutional "accredited
investor" (as defined in Rule 501(a)(1), (2),
(3) or (7) of Regulation D under the
Securities Act of 1933, as amended) and that
the undersigned has been advised by the
prospective purchaser that it intends to hold
this Certificate for investment and not for
distribution or resale.
Dated
- --------------------------- -----------------------------------
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the
<PAGE>
Securities Act of 1933, as amended) and acknowledges that it has
received such information as the undersigned has requested
pursuant to Rule 144A or has determined not to request such
information and that it is aware that the registered holder is
relying upon the undersigned's foregoing representations in order
to claim the exemption from registration provided by Rule 144A,
and (ii) the undersigned (x) is not an employee benefit plan
subject to the Employee Retirement Income Security Act of 1974,
as amended, or a plan subject to Section 4975 of the Internal
Revenue Code of 1986, as amended, and is not using the assets of
any such employee benefit or other plan to acquire this
Certificate or (y) is an insurance company investing assets of
its general account and the exemptions provided by Section III(a)
of Department of Labor Prohibited Transaction Exemption 95-60, 60
Fed. Reg. 35925 (July 12, 1995), apply to the acquisition and
holding by the undersigned of this Certificate.
Dated
- ----------------------- ---------------------------------------
(Signature)
TO BE COMPLETED BY PURCHASER IF (b) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
an institutional "accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities
Act of 1933, as amended), and (ii) the undersigned (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended, or a plan subject to Section
4975 of the Internal Revenue Code of 1986, as amended, and is not
using the assets of any such employee benefit or other plan to
acquire this Certificate or (y) is an insurance company investing
assets of its general account and the exemptions provided by
Section III(a) of Department of Labor Prohibited Transaction
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995), apply to the
acquisition and holding by the undersigned of this Certificate.
Dated
- ---------------------------- ----------------------------------
(Signature)
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
<PAGE>
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED). THE FOLLOWING
INFORMATION IS PROVIDED SOLELY FOR THE PURPOSES OF APPLYING THE
U.S. FEDERAL INCOME TAX ORIGINAL ISSUE DISCOUNT ("OID") RULES TO
THIS CERTIFICATE. THE DATE OF ISSUE OF THIS CERTIFICATE IS
DECEMBER 30, 1997. THE INITIAL PER ANNUM RATE OF INTEREST ON THIS
CERTIFICATE IS 7.00%. ASSUMING THAT PRINCIPAL PREPAYMENTS ARE
MADE ON THE MORTGAGE LOANS (AS DEFINED HEREIN) UNDERLYING THE
CERTIFICATES AT A RATE OF 250% OF THE PREPAYMENT ASSUMPTION (AS
DEFINED IN THE PROSPECTUS COVERING THE INITIAL OFFERING OF THE
CERTIFICATES), THIS CERTIFICATE HAS BEEN ISSUED WITH NO MORE THAN
$***** OF OID PER $***** OF INITIAL CERTIFICATE PRINCIPAL
BALANCE, THE YIELD TO MATURITY IS *****% AND THE AMOUNT OF OID
ATTRIBUTABLE TO THE INITIAL SHORT ACCRUAL PERIOD IS NO MORE THAN
$*** PER $***** OF INITIAL CERTIFICATE PRINCIPAL BALANCE,
COMPUTED UNDER THE EXACT METHOD. NO REPRESENTATION IS MADE AS TO
THE RATE AT WHICH PRINCIPAL PAYMENTS WILL BE MADE ON THE MORTGAGE
LOANS.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-12
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B4 Certificate
Principal Balance:
Class B4 $967,499.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
*******
Cut-off Date:
December 1, 1997
First Distribution Date: CUSIP: 36157RCE3
January 26, 1998
<PAGE>
THIS CERTIFIES THAT
*********
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B4 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of December 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 January 1998, to the Person in whose name this Certificate is
registered at the close of business on the last Business Day of
the month immediately preceding the month of such distribution
(the "Record Date"), of an amount equal to the product of the
Percentage Interest evidenced by this Certificate and the
aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
<PAGE>
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED). THE FOLLOWING
INFORMATION IS PROVIDED SOLELY FOR THE PURPOSES OF APPLYING THE
U.S. FEDERAL INCOME TAX ORIGINAL ISSUE DISCOUNT ("OID") RULES TO
THIS CERTIFICATE. THE DATE OF ISSUE OF THIS CERTIFICATE IS
DECEMBER 30, 1997. THE INITIAL PER ANNUM RATE OF INTEREST ON THIS
CERTIFICATE IS 7.00%. ASSUMING THAT PRINCIPAL PREPAYMENTS ARE
MADE ON THE MORTGAGE LOANS (AS DEFINED HEREIN) UNDERLYING THE
CERTIFICATES AT A RATE OF 250% OF THE PREPAYMENT ASSUMPTION (AS
DEFINED IN THE PROSPECTUS COVERING THE INITIAL OFFERING OF THE
CERTIFICATES), THIS CERTIFICATE HAS BEEN ISSUED WITH NO MORE THAN
$***** OF OID PER $***** OF INITIAL CERTIFICATE PRINCIPAL
BALANCE, THE YIELD TO MATURITY IS *****% AND THE AMOUNT OF OID
ATTRIBUTABLE TO THE INITIAL SHORT ACCRUAL PERIOD IS NO MORE THAN
$**** PER $***** OF INITIAL CERTIFICATE PRINCIPAL BALANCE,
COMPUTED UNDER THE EXACT METHOD. NO REPRESENTATION IS MADE AS TO
THE RATE AT WHICH PRINCIPAL PAYMENTS WILL BE MADE ON THE MORTGAGE
LOANS.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-12
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B5 Certificate
Principal Balance:
Class B5 $2,257,502.12
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
************
Cut-off Date:
December 1, 1997
First Distribution Date: CUSIP: 36157RCF0
January 26, 1998
<PAGE>
THIS CERTIFIES THAT
***********
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B5 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of December 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 January 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "SECURITIES ACT"). ANY RESALE OR
TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER
THE SECURITIES ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPT FROM
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN
ACCORDANCE WITH SECTION 5.02 OF THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-12
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class PO Certificate
Principal Balance:
Class PO $363,046.25
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing ***********
Cut-off Date:
December 1, 1997
First Distribution Date:
January 26, 1998
<PAGE>
THIS CERTIFIES THAT
***************
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class PO Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of December 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 January 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-12, issued in fifteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class R,
Class M, Class B1, Class B2, Class B3, Class B4, Class B5, Class
PO and
Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
<PAGE>
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Class
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the
"Exemption") applies to such transferee's acquisition and holding
of such Certificate, or (ii) an opinion of counsel satisfactory
to the Trustee, which opinion shall not be an expense of the
Trustee or the Company, to the effect that the purchase and
holding of such Certificate will not constitute or result in the
assets of the Trust Fund being deemed to be "plan assets" and
subject to the prohibited transaction provisions of ERISA or
Section 4975 and will not subject the Trustee or the Company to
any obligation in addition to those undertaken in the Agreement;
provided, however, that the Trustee will not require such
certificate or opinion in the event that, as a result of a change
of law or otherwise, counsel satisfactory to the Trustee has
rendered an opinion to the effect that the purchase and holding
of a Class M, Class B1, Class B2, Class B3, Class B4 or Class B5
Certificate by a Plan or a Person that is purchasing or holding
such Certificate with the assets of a Plan will not constitute or
result in a prohibited transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee
<PAGE>
(x) is not an employee benefit plan subject to ERISA or a Plan or
a Person that is using the assets of a Plan to acquire any such
Class R Certificate or (y) is an insurance company investing
assets of its general account and the Exemption applies to such
transferee's acquisition and holding of any such Class R
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon
<PAGE>
payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_________________________
Name:
Title:
Countersigned:
By_______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:-------------------
- -------------------------------------
Signature by or on behalf of assignor
- -------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
PRINCIPAL WILL NOT BE DISTRIBUTABLE IN RESPECT OF THIS
CERTIFICATE. INTEREST IS CALCULATED ON THIS CERTIFICATE BASED ON
THE CLASS S NOTIONAL PRINCIPAL BALANCE, WHICH, AS OF ANY
DISTRIBUTION DATE, IS EQUAL TO THE AGGREGATE SCHEDULED PRINCIPAL
BALANCE OF THE OUTSTANDING NON-DISCOUNT MORTGAGE LOANS AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). CONSEQUENTLY, THE
NOTIONAL PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE
LESS THAN THE INITIAL NOTIONAL PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "SECURITIES ACT"). ANY RESALE OR
TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER
THE SECURITIES ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPT FROM
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN
ACCORDANCE WITH SECTION 5.02 OF THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-12
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class S Notional
Principal Balance:
Class S $626,448,124.15
Certificate Interest Initial Notional Principal Rate
per annum: variable Balance of this Certificate:
***********
Cut-off Date:
December 1, 1997
First Distribution Date:
January 26, 1998
<PAGE>
THIS CERTIFIES THAT
********
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Notional
Principal Balance of this Certificate by the aggregate initial
Notional Principal Balance of all Class S Certificates, both as
specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of December 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 January 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-12, issued in fifteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class R,
Class M, Class B1, Class B2, Class B3, Class B4, Class B5, Class
PO and
Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
<PAGE>
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
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.
<PAGE>
The obligations and responsibilities created by the Agreement,
and the Trust Fund created thereby shall terminate upon payment
to the Certificateholders, or provision therefor, in accordance
with the Agreement following the earlier of (a) the repurchase by
the Company of all Mortgage Loans and all property acquired in
respect of any Mortgage Loan remaining in the Trust Fund at a
price equal to the sum of (x) 100% of the unpaid principal
balance of each Mortgage Loan (other than a Mortgage Loan
described in clause (y)) plus accrued and unpaid interest thereon
at the rate provided for in the Agreement (less any amounts
representing previously unreimbursed Monthly Advances) and (y)
the appraised value of any property acquired in respect of a
Mortgage Loan determined as provided in the Agreement, and (b)
the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL) By:___________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security or other identifying number of
assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address including postal zip
code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:-------------------
- -------------------------------------
Signature by or on behalf of assignor
- -------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
EXHIBIT B
PRINCIPAL BALANCE SCHEDULES
[Not Applicable]
<PAGE>
EXHIBIT C
MORTGAGE LOANS
[Each Mortgage Loan shall be identified by loan
number, address of the Mortgaged Property and name of the
Mortgagor. The following details shall be set forth as to each
Mortgage Loan: (i) the principal balance at the time of its
origination, (ii) the Scheduled Principal Balance as of the
Cut-off Date, (iii) the interest rate borne by the Mortgage Note,
(iv) the scheduled monthly level payment of principal and
interest, (v) the loan-to-value ratio, (vi) the maturity date of
the Mortgage Note and (vii) the Servicing Fee Rate for such
Mortgage Loan.]
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0006855548 MORTGAGORS: RON EYAL
SCOZZAFAVA-RON MARY ROSE
REGION CODE ADDRESS : 7 COACH ROAD
03 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,746.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/24
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.31958
----------------------------------------------------------------
0 0007586506 MORTGAGORS: HOGAN NADINE
HOGAN BRENDAN
REGION CODE ADDRESS : 8 PICKERING DRIVE
00 CITY : ROBBINSVILLE
STATE/ZIP : NJ 08691
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.80800
----------------------------------------------------------------
0 0007601693 MORTGAGORS: GOLDMAN PAUL
GOLDMAN LINDA
REGION CODE ADDRESS : 7382 TIMBERPOINT COURT
00 CITY : FAIRVIEW HEIGHTS
STATE/ZIP : IL 62208
MORTGAGE AMOUNT : 236,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,337.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.97900
----------------------------------------------------------------
0 0007610918 MORTGAGORS: PENN MITCHEL
PENN SHERI
REGION CODE ADDRESS : 325 DELIGHT MEADOWS ROAD
00 CITY : REISTERSTOWN
STATE/ZIP : MD 21136
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,832.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.23809
----------------------------------------------------------------
0 0007615719 MORTGAGORS: KENNEDY JAMES
KENNEDY MARY
REGION CODE ADDRESS : 31 W GRAND VIEW
00 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,657.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,319,500.00
P & I AMT: 9,193.75
UPB AMT: 1,305,573.91
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007616782 MORTGAGORS: MULLEN THOMAS
MULLEN JILL
REGION CODE ADDRESS : 12 YANKEE HILL ROAD
00 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 840,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 838,749.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,873.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 80.00000
----------------------------------------------------------------
0 0007617798 MORTGAGORS: PIERCE DONALD
PIERCE SHAVON
REGION CODE ADDRESS : 19782 ELMCREST LANE
00 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 249,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,319.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.76923
----------------------------------------------------------------
0 0007617921 MORTGAGORS: ROBERGE GUY
ROBERGE LYNN
REGION CODE ADDRESS : 16 LORI COURT
00 CITY : NEW HEMPSTEAD
STATE/ZIP : NY 10977
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 : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007618242 MORTGAGORS: MEGERIAN CLIFF
MEGERIAN LYNNE
REGION CODE ADDRESS : 5 OLDE MEETINGHOUSE ROAD
00 CITY : WESTBOROUGH
STATE/ZIP : MA 01581
MORTGAGE AMOUNT : 285,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,343.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 86.26888
----------------------------------------------------------------
0 0007618424 MORTGAGORS: CRESWELL REECE
SANDOVAL ELIZABETH
REGION CODE ADDRESS : 9859 OTIS COURT
00 CITY : WESTMINSTER
STATE/ZIP : CO 80021
MORTGAGE AMOUNT : 231,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,582.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 83.36331
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,846,800.00
P & I AMT: 12,958.42
UPB AMT: 1,844,994.28
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007618523 MORTGAGORS: ENKE GLENN
ENKE JANET
REGION CODE ADDRESS : 3590 LOS HERMANOS ROAD
00 CITY : FALLBROOK
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,652.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.57142
----------------------------------------------------------------
0 0007619141 MORTGAGORS: BANKS TYRONE
BANKS PATRICIA
REGION CODE ADDRESS : 1110 EGYPTIAN DRIVE
00 CITY : UPPER MARLBORO
STATE/ZIP : MD 20772
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.14102
----------------------------------------------------------------
0 0007619828 MORTGAGORS: CHO CHARLIE
CHO JENIFER
REGION CODE ADDRESS : 1364 CERRO VERDE
00 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 267,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.33333
----------------------------------------------------------------
0 0007620289 MORTGAGORS: LOVELACE TRACY
LOVELACE MYRA
REGION CODE ADDRESS : 6240 S HALM AVE
00 CITY : LOS ANGELES
STATE/ZIP : CA 90056
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,740.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007621386 MORTGAGORS: LINDGREN PETER
LINDGREN JUDITH
REGION CODE ADDRESS : 4301 GULF SHORE NORTH UNIT #1102
00 CITY : NAPLES
STATE/ZIP : FL 34103
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,674.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,608,000.00
P & I AMT: 11,393.78
UPB AMT: 1,607,122.45
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007624612 MORTGAGORS: FOSS WILLIAM
FOSS KAREN
REGION CODE ADDRESS : 203 POPLAR DRIVE
00 CITY : KENTFIELD
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 576,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 575,354.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,177.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 36.00937
----------------------------------------------------------------
0 0007624711 MORTGAGORS: SCHACHT STEPHEN
SCHACHT SUSAN
REGION CODE ADDRESS : 4729 EAST HASTINGS AVENUE
00 CITY : ORANGE
STATE/ZIP : CA 92667
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.15100
----------------------------------------------------------------
0 0007625080 MORTGAGORS: GARNER ROBERT
BERESFORD ROBIN
REGION CODE ADDRESS : 6471 CAMELIA DRIVE
00 CITY : SAN JOSE
STATE/ZIP : CA 95120
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 : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 51.83585
----------------------------------------------------------------
0 0007626039 MORTGAGORS: JEW DONALD
JEW GRACE
REGION CODE ADDRESS : 1877 CALLE BELLEZA
00 CITY : ROWLAND HEIGHTS
STATE/ZIP : CA 91748
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,771.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007627565 MORTGAGORS: VOHS GERALD
VOHS MARY
REGION CODE ADDRESS : 408 SOUTHEAST 10TH AVENUE
00 CITY : FARIBAULT
STATE/ZIP : MN 55021
MORTGAGE AMOUNT : 76,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 76,446.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.86598
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,650.00
P & I AMT: 10,807.90
UPB AMT: 1,500,370.54
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007627839 MORTGAGORS: SIMONCINI GREGORY
DUDLEY EVERETT
REGION CODE ADDRESS : 1310 RITCHIE COURT UNIT 12D
00 CITY : CHICAGO
STATE/ZIP : IL 60610
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,904.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/17
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.23077
----------------------------------------------------------------
0 0007630486 MORTGAGORS: HEMPEL MARK
HEMPEL KATHERINE
REGION CODE ADDRESS : 9 PALMER ROAD
00 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,582.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.17100
----------------------------------------------------------------
0 0007632110 MORTGAGORS: SEALY THERESA
REGION CODE ADDRESS : 528 WHITING WOODS RD
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,287.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 74.92300
----------------------------------------------------------------
0 0007633290 MORTGAGORS: THOMAS THOMAS
THOMAS SARAH
REGION CODE ADDRESS : 32907 MONROVIA STREET
00 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 236,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,935.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 81.51724
----------------------------------------------------------------
0 0007635360 MORTGAGORS: DE LA PAZ ALBERTO
DE LA PAZ KAREN
REGION CODE ADDRESS : 9216 GOLDEN EAGLE DRIVE
00 CITY : LAS VEGAS
STATE/ZIP : NV 89134
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 540,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,868.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.69565
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,497,150.00
P & I AMT: 10,992.99
UPB AMT: 1,495,805.04
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007635683 MORTGAGORS: PERRY BEVERLY
REGION CODE ADDRESS : 1716 HOLLY STREET N W
00 CITY : WASHINGTON
STATE/ZIP : DC 20012
MORTGAGE AMOUNT : 522,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 521,831.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,741.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.78000
----------------------------------------------------------------
0 0007635758 MORTGAGORS: GROGAN MICHAEL
DEVLIN CHRISTINE
REGION CODE ADDRESS : 57 SANTA MARIA DRIVE
00 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,876.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.26027
----------------------------------------------------------------
0 0007636285 MORTGAGORS: WEISSMAN BRADLEY
WEISSMAN KAREN
REGION CODE ADDRESS : 10961 NW 6TH STREET
00 CITY : PLANTATION
STATE/ZIP : FL 33324
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 : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.32600
----------------------------------------------------------------
0 0007636954 MORTGAGORS: SELKE DONALD
SELKE MARILYN
REGION CODE ADDRESS : 15667 SOL SEMENT TRAIL
00 CITY : REDDING
STATE/ZIP : CA 96001
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,203.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.54285
----------------------------------------------------------------
0 0007637911 MORTGAGORS: WOOLLEY RICHARD
BREWER JANET
REGION CODE ADDRESS : 613 CORNEILA COURT
00 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 264,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,353.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.69400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,594,650.00
P & I AMT: 11,234.68
UPB AMT: 1,593,888.59
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007638778 MORTGAGORS: WOLNER DAVID
WOLNER CONSTANCE
REGION CODE ADDRESS : 578/ 560 MORRIS ROAD
00 CITY : WHITPAIN
STATE/ZIP : PA 19422
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 : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 56.33802
----------------------------------------------------------------
0 0007640477 MORTGAGORS: BONNER JOHN
BONNER JANE
REGION CODE ADDRESS : 3930 260TH STREET EAST
00 CITY : SPANAWAY
STATE/ZIP : WA 98387
MORTGAGE AMOUNT : 356,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,690.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/22
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.16666
----------------------------------------------------------------
0 0007640972 MORTGAGORS: SCHNEIDER CINDY
SCHNEIDER PHILLIP
REGION CODE ADDRESS : 8202 NORTH 13TH AVENUE
00 CITY : PHOENIX
STATE/ZIP : AZ 85021
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 : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.80519
----------------------------------------------------------------
0 0007641582 MORTGAGORS: SINGLETON PAUL
KO MONICA
REGION CODE ADDRESS : 5114 WHISPER WILLOW DRIVE
00 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,728.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007641665 MORTGAGORS: ROBERTS VERNELL
ROBERTS JERILYN
REGION CODE ADDRESS : 1605 BEAR PAW LANE
00 CITY : HANOVER
STATE/ZIP : MD 21076
MORTGAGE AMOUNT : 236,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,516,950.00
P & I AMT: 10,979.86
UPB AMT: 1,516,678.55
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007641731 MORTGAGORS: WINIKOFF LEE
WINIKOFF MICHELE
REGION CODE ADDRESS : 28930 MARLIES STREET
00 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.06779
----------------------------------------------------------------
0 0007642770 MORTGAGORS: NUNEZ PIERRE
NORTON NANCY
REGION CODE ADDRESS : 1911 COLFAX STREET
00 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 255,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,514.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.90625
----------------------------------------------------------------
0 0007643604 MORTGAGORS: ZALAZNICK BRUCE
ZALAZNICK BETSY
REGION CODE ADDRESS : 12 OAKRIDGE ROAD
00 CITY : CLINTON
STATE/ZIP : NJ 08801
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,733.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,604.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007644826 MORTGAGORS: DAVIS MARK
DAVIS BRENDA
REGION CODE ADDRESS : 72438 DESERT DRIVE
00 CITY : RANCHO MIRAGE
STATE/ZIP : CA 92270
MORTGAGE AMOUNT : 316,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,370.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,240.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.28703
----------------------------------------------------------------
0 0007644941 MORTGAGORS: LETTIC TERRY
LETTIC MARY
REGION CODE ADDRESS : 18925 NE 103RD STREET
00 CITY : REDMOND
STATE/ZIP : WA 98052
MORTGAGE AMOUNT : 258,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,913.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.75675
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,446,400.00
P & I AMT: 10,195.10
UPB AMT: 1,445,532.61
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007645542 MORTGAGORS: FUTRELL RONALD
MARINO JANIS
REGION CODE ADDRESS : 324 MCBRIDE DRIVE
00 CITY : RUIDOSO
STATE/ZIP : NM 88345
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007646300 MORTGAGORS: ENGLISH KENNETH
ENGLISH SUSAN
REGION CODE ADDRESS : 5376 GOVERNORS AVENUE N.W.
00 CITY : JACKSON TWP (CANTON)
STATE/ZIP : OH 44718
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007646516 MORTGAGORS: MERTENS DONALD
MERTENS LOIS
REGION CODE ADDRESS : 2 PARADISE COVE
00 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 83.60600
----------------------------------------------------------------
0 0007647738 MORTGAGORS: YARD BRADY
YARD DEANNE
REGION CODE ADDRESS : 3810 E. PACKARD AVENUE
00 CITY : KINGMAN
STATE/ZIP : AZ 86401
MORTGAGE AMOUNT : 88,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 88,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 627.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 91.34020
----------------------------------------------------------------
0 0007652597 MORTGAGORS: WELLER BARRY
WELLER YOLANDA
REGION CODE ADDRESS : 3920 FOX VALLEY DR
01 CITY : ROCKVILLE
STATE/ZIP : MD 20853
MORTGAGE AMOUNT : 347,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,419.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,522.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,376,700.00
P & I AMT: 9,804.32
UPB AMT: 1,375,976.38
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007652605 MORTGAGORS: AKINSEYE HENRY
MELLIS-AKINSEYE BRENDALEE
REGION CODE ADDRESS : 8 SEABROOK CT
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20879
MORTGAGE AMOUNT : 229,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,867.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
0 0007652613 MORTGAGORS: NEAL DAVID
NEAL JANET
REGION CODE ADDRESS : 35 E 85TH ST #7F
01 CITY : NEW YORK
STATE/ZIP : NY 10028
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,068.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,535.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007652621 MORTGAGORS: SANTANGELO VINCENT
SANTANGELO LUZVIMINDA
REGION CODE ADDRESS : 191 EXECUTIVE DR
01 CITY : MANHASSET HILLS
STATE/ZIP : NY 11040
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,557.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,502.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.29400
----------------------------------------------------------------
0 0007652639 MORTGAGORS: POZNOFF W
HILLENBRAND MELANIE
REGION CODE ADDRESS : 414 E 52ND ST#4C
01 CITY : NEW YORK
STATE/ZIP : NY 10024
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,125.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,197.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007652647 MORTGAGORS: BARNETT DAVID
BARNETT BETH
REGION CODE ADDRESS : 16 THORNEWOOD RD
01 CITY : ARMONK
STATE/ZIP : NY 10504
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,587.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 47.36800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,466,200.00
P & I AMT: 10,722.31
UPB AMT: 1,464,206.36
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007652654 MORTGAGORS: GOFF NEAL
GOFF RENEE
REGION CODE ADDRESS : 473 W END AVENUE, #8C/9D
01 CITY : NEW YORK
STATE/ZIP : NY 10024
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 32.96700
----------------------------------------------------------------
0 0007652662 MORTGAGORS: OSSO MICHAEL
REGION CODE ADDRESS : 575 HOPEWELL DOWNS
01 CITY : ALPHARETTA
STATE/ZIP : GA 30201
MORTGAGE AMOUNT : 234,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,126.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98700
----------------------------------------------------------------
0 0007652688 MORTGAGORS: COHEN STEVEN
STAROSTIAK LUBA
REGION CODE ADDRESS : 667 SOUTH MOUNTAIN ROAD
01 CITY : NEW CITY
STATE/ZIP : NY 10956
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,267.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
0 0007652696 MORTGAGORS: MINTZ VICTOR
MINTZ ELIZABETH
REGION CODE ADDRESS : 239 EAST 79TH STREET
01 CITY : NEW YORK
STATE/ZIP : NY 10021
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,329.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.43300
----------------------------------------------------------------
0 0007652704 MORTGAGORS: FRANCK SANDRA
REGION CODE ADDRESS : 135 W 17TH ST #6A
01 CITY : NEW YORK
STATE/ZIP : NY 10011
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,516.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 47.44500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,543,450.00
P & I AMT: 11,016.82
UPB AMT: 1,540,836.29
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007652712 MORTGAGORS: OURSLER TIMOTHY
DUKE TRACY
REGION CODE ADDRESS : 102 CHARLESBROOKE RD
01 CITY : BALTIMORE
STATE/ZIP : MD 21212
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007652720 MORTGAGORS: LEFFLER ROBERT
LEFFLER SUSAN
REGION CODE ADDRESS : 345 CROW HILL ROAD
01 CITY : MOUNT KISCO
STATE/ZIP : NY 10549
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,530.48 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 0007652738 MORTGAGORS: MAC GINNITIE DOUGLAS
MAC GINNETIE MICHELLE
REGION CODE ADDRESS : 40 SADDLEVIEW RUN
01 CITY : ATLANTA
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,597.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.22400
----------------------------------------------------------------
0 0007652746 MORTGAGORS: FLODIN KEITH
FLODIN ROSEMARY
REGION CODE ADDRESS : 9720 ELMHHURST DR
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,440.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,829.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.45000
----------------------------------------------------------------
0 0007652753 MORTGAGORS: SEUFERT JAMES
SEUFERT LYNNE
REGION CODE ADDRESS : 9684 BRITFORD DRIVE
01 CITY : BURKE
STATE/ZIP : VA 22015
MORTGAGE AMOUNT : 284,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,943.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,509,400.00
P & I AMT: 10,694.17
UPB AMT: 1,507,209.06
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007652761 MORTGAGORS: BROWN PATRICIA
LITTLE JOHN
REGION CODE ADDRESS : 3724 KRYSIA CT
01 CITY : ANNANDALE
STATE/ZIP : VA 22003
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,625.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.69300
----------------------------------------------------------------
0 0007652795 MORTGAGORS: CLOSE D
CLOSE KAREN
REGION CODE ADDRESS : 772 S OAK KNOLL DR
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 365,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,728.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,491.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.23200
----------------------------------------------------------------
0 0007652811 MORTGAGORS: VAN WAGONER JOHN
VAN WAGONER DARIEL
REGION CODE ADDRESS : 8554 GEORGETOWN PIKE
01 CITY : MCLEAN
STATE/ZIP : VA 22102
MORTGAGE AMOUNT : 367,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,895.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,444.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007652829 MORTGAGORS: ALEXION PERRY
ALEXION RACHELLE
REGION CODE ADDRESS : 8516 BLOUNTS LANE
01 CITY : FULTON
STATE/ZIP : MD 20759
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,500.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007652837 MORTGAGORS: CASTEEL CARROLL
CASTEEL SUSAN
REGION CODE ADDRESS : 10512 STABLE LANE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,242.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,179.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,747,800.00
P & I AMT: 11,769.87
UPB AMT: 1,744,993.08
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007652852 MORTGAGORS: BLOTE MICHAEL
TORRES KATHLEEN
REGION CODE ADDRESS : 7122 CEDAR OAKS DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,021.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,512.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007652860 MORTGAGORS: DIIENNO THOMAS
BECKER JANET
REGION CODE ADDRESS : 14424 STONEBRIDGE VIEW DRIVE
01 CITY : NORTH POTOMIC
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,586.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007652878 MORTGAGORS: WAYNE ERIC
WAYNE SHARON
REGION CODE ADDRESS : 37 BYRON PLACE
01 CITY : SCARSDALE
STATE/ZIP : NY 10583
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,624.41 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 0007652886 MORTGAGORS: CONNOLLY JOHN
CONNOLLY KAREN
REGION CODE ADDRESS : 743 VERMONT STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94107
MORTGAGE AMOUNT : 309,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,751.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,188.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007652894 MORTGAGORS: MARUT VICTOR
MARUT CORINNE
REGION CODE ADDRESS : 1883 JAHNS DR
01 CITY : WHEATON
STATE/ZIP : IL 60187
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,657.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.15100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,407,700.00
P & I AMT: 9,937.23
UPB AMT: 1,405,641.30
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007652902 MORTGAGORS: AQUILINO ROBERT
AQUILINO MELANIE
REGION CODE ADDRESS : 435 AUTRY RIDGE PT
01 CITY : ALPHARETTA
STATE/ZIP : GA 30202
MORTGAGE AMOUNT : 395,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,550.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007652910 MORTGAGORS: NATHAN MARK
NATHAN LAURA
REGION CODE ADDRESS : 766 LAS TRAMPAS RD
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 959,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 957,641.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,870.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007652928 MORTGAGORS: SNOWBERGER THOMAS
SNOWBERGER KIMBERLY
REGION CODE ADDRESS : 606 KIMZEY CT
01 CITY : PEACHTREE CITY
STATE/ZIP : GA 30269
MORTGAGE AMOUNT : 227,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,585.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0007652936 MORTGAGORS: SCHWAB FREDERICK
REGION CODE ADDRESS : 1417 31ST STREET N.W
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 594,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 593,179.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,306.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.20000
----------------------------------------------------------------
0 0007652944 MORTGAGORS: DONALDSON STEVEN
KANE ELLEEN
REGION CODE ADDRESS : 5905 REBECCA COURT,
01 CITY : ST LEONARD,
STATE/ZIP : MD 20685
MORTGAGE AMOUNT : 227,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,185.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.83300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,403,600.00
P & I AMT: 17,108.58
UPB AMT: 2,400,142.95
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007652951 MORTGAGORS: BARAD HUNTLEY
MUTRUX TIRZAH
REGION CODE ADDRESS : 125 KENSINGTON WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 343,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,701.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,429.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007652977 MORTGAGORS: DEBLASI HENRY
DEBLASI LISA
REGION CODE ADDRESS : 31 WOODHOLLOW LANE
01 CITY : FORT SALONGA
STATE/ZIP : NY 11768
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,423.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,140.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007652985 MORTGAGORS: HOMMEL SCOTT
HOMMEL HEIDI
REGION CODE ADDRESS : 10740 WYNKOOP DR
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,640.95 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 : 74.28500
----------------------------------------------------------------
0 0007652993 MORTGAGORS: ZEHE JEFFREY
ZEHE KAREN
REGION CODE ADDRESS : 4618 LAWN AVENUE
01 CITY : WESTERN SPRINGS
STATE/ZIP : IL 60558
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.57500
----------------------------------------------------------------
0 0007653017 MORTGAGORS: URIAGEREKA JUAN
HERBURGER ELENA
REGION CODE ADDRESS : 2331 20TH STREET, NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20009
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,598.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.29100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,581,200.00
P & I AMT: 11,340.46
UPB AMT: 1,578,961.31
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007653025 MORTGAGORS: HOWARD MILES
HOWARD ROBYNNE
REGION CODE ADDRESS : 450 E OCOTILLO RD
01 CITY : PHOENIX
STATE/ZIP : AZ 85012
MORTGAGE AMOUNT : 495,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,281.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,503.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.34300
----------------------------------------------------------------
0 0007653033 MORTGAGORS: BARBER MICHAEL
BARBER DIANE
REGION CODE ADDRESS : 3060 GREATWOOD CROSSING
01 CITY : ALPHARETTA
STATE/ZIP : GA 30005
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,057.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007653058 MORTGAGORS: GHARACHEDAGHI AFSHIN
AFARY MONA
REGION CODE ADDRESS : 616 BOULEVARD WAY
01 CITY : OAKLAND
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,130.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007653074 MORTGAGORS: WUNDERLICH NEAL
WUNDERLICH DEBORAH
REGION CODE ADDRESS : 7011 GALPIN BOULEVARD
01 CITY : EXCELSIOR
STATE/ZIP : MN 55331
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007653082 MORTGAGORS: WOO WILLIAM
BAKER MELINDA
REGION CODE ADDRESS : 8812 207TH PL S.W.
01 CITY : EDMONDS
STATE/ZIP : WA 98020
MORTGAGE AMOUNT : 278,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,134.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,067.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.27000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,669,500.00
P & I AMT: 12,015.03
UPB AMT: 1,667,155.60
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007653090 MORTGAGORS: PISCITELLO JOSEPH
PERRONE MARISSA
REGION CODE ADDRESS : 869 MEETINGHOUSE ROAD
01 CITY : RYDAL
STATE/ZIP : PA 19046
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,570.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,340.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 60.18800
----------------------------------------------------------------
0 0007653108 MORTGAGORS: WHEELOCK KATHERINE
TRIOL BARBARA
REGION CODE ADDRESS : 11028 PEAKS PIKE RD
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,414.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,074.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007653116 MORTGAGORS: FITZPATRICK MICHAEL
FITZPATRICK NANCY
REGION CODE ADDRESS : 3623 CONGRESS STREET
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,523.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,501.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.52800
----------------------------------------------------------------
0 0007653132 MORTGAGORS: BRADY HELENA
REGION CODE ADDRESS : 3940 SOUTH MALLARD LANE
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,665.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007653157 MORTGAGORS: SMITH DANFORD
SMITH KIM
REGION CODE ADDRESS : 3320 VELVET VALLEY DRIVE
01 CITY : WEST FRIENDSHIP
STATE/ZIP : MD 21794
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,595.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.78000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,596,000.00
P & I AMT: 11,509.11
UPB AMT: 1,593,769.34
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007653165 MORTGAGORS: HERMAN CHARLES
HERMAN MARY
REGION CODE ADDRESS : 17475 LAKE VIEW DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,575.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,311.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.78600
----------------------------------------------------------------
0 0007653173 MORTGAGORS: PLANERT RUDI
PLANERT JENNIFER
REGION CODE ADDRESS : 3913 BENTWOOD COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,512.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007653181 MORTGAGORS: CARABINE MICHAEL
CARABINE MARGARET
REGION CODE ADDRESS : 625 HARROW WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,515.27 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 : 71.28700
----------------------------------------------------------------
0 0007653199 MORTGAGORS: GREENFIELD RANDALL
GREENFIELD JUDITH
REGION CODE ADDRESS : 1003 PALOS VERDES COURT
01 CITY : ROSEVILLE
STATE/ZIP : CA 95661
MORTGAGE AMOUNT : 245,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,919.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007653207 MORTGAGORS: ANDERSON LEIGHTON
ANDERSON DIANE
REGION CODE ADDRESS : 15906 LA LINDURA DRIVE
01 CITY : WHITTIER
STATE/ZIP : CA 90603
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,539.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,704.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,584,250.00
P & I AMT: 11,505.15
UPB AMT: 1,582,062.56
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007653215 MORTGAGORS: METZ JONATHAN
METZ IRENE
REGION CODE ADDRESS : 64 WINSOR ROAD
01 CITY : RYE BROOK
STATE/ZIP : NY 10573
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,629.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,093.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007653223 MORTGAGORS: MATTSON RONALD
MATTSON SHAUNA
REGION CODE ADDRESS : 10885 EAST POINSETTIA DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,677.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 71.30400
----------------------------------------------------------------
0 0007653231 MORTGAGORS: HARTLEY DAVID
VISCUSI SANDRA
REGION CODE ADDRESS : 3025 52ND AVENUE SW
01 CITY : SEATTLE
STATE/ZIP : WA 98116
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,516.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.90400
----------------------------------------------------------------
0 0007653249 MORTGAGORS: MIRABELLI MANRICO
MIRABELLI BARBARA
REGION CODE ADDRESS : 3144 KEMPER ROAD
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 239,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,961.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.96200
----------------------------------------------------------------
0 0007653256 MORTGAGORS: CURT KENNETH
CURT THERESA
REGION CODE ADDRESS : 13346 RONNIE WAY
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,616.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,300.00
P & I AMT: 10,161.03
UPB AMT: 1,390,400.15
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007653264 MORTGAGORS: GERARD CHRISTOPHER
GERARD MICHELLE
REGION CODE ADDRESS : 1609 WINGATE COURT
01 CITY : KELLER
STATE/ZIP : TX 76248
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,483.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007653272 MORTGAGORS: DOOLEY MARGARET
REGION CODE ADDRESS : 1413 CROWN TERRACE
01 CITY : MARIETTA
STATE/ZIP : GA 30062
MORTGAGE AMOUNT : 227,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,409.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
0 0007653280 MORTGAGORS: BLAZER MICHAEL
BLAZER RAE
REGION CODE ADDRESS : 435 ARGYLE AVENUE
01 CITY : PUEBLO
STATE/ZIP : CO 81004
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,574.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,999.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
0 0007653298 MORTGAGORS: GAYLE ROBERT
REGION CODE ADDRESS : 7303 JESTER BOULEVARD
01 CITY : AUSTIN
STATE/ZIP : TX 78750
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,648.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0007653306 MORTGAGORS: HARRIS L
HARRIS KATHRYN
REGION CODE ADDRESS : 1 WANDFLOWER PLACE
01 CITY : THE WOODLANDS
STATE/ZIP : TX 77381
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,494.68 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 : 79.71000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,270,150.00
P & I AMT: 9,151.73
UPB AMT: 1,267,609.48
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007653314 MORTGAGORS: HOWARD CONSTANCE
REGION CODE ADDRESS : 3821 PARK PLACE
01 CITY : ADDISON
STATE/ZIP : TX 75244
MORTGAGE AMOUNT : 268,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,262.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,902.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007653322 MORTGAGORS: ROCHE CHRISTOPHER
ROCHE KRISTIN
REGION CODE ADDRESS : 28405 SW WILLOW CREEK DRIVE
01 CITY : WILSONVILLE
STATE/ZIP : OR 97070
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,677.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007653330 MORTGAGORS: CRUSE OSCAR
CRUSE FELICIA
REGION CODE ADDRESS : 4001 MESA COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78731
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,121.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,779.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.79100
----------------------------------------------------------------
0 0007653348 MORTGAGORS: HEWETT HOMER
HEWETT GENEVA
REGION CODE ADDRESS : 908 CELADON
01 CITY : PEACHTREE CITY
STATE/ZIP : GA 30269
MORTGAGE AMOUNT : 224,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,897.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,569.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97719
----------------------------------------------------------------
0 0007653355 MORTGAGORS: PERRY ANDREW
PERRY MICHELLE
REGION CODE ADDRESS : 1247 NORTH FARM LANE CIRCLE
01 CITY : OREM
STATE/ZIP : UT 84057
MORTGAGE AMOUNT : 225,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,303.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.97100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,201,350.00
P & I AMT: 8,559.94
UPB AMT: 1,199,261.81
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007653363 MORTGAGORS: GRIFFIN BILLY
GRIFFIN BARBARA
REGION CODE ADDRESS : 5200 SARATOGA LANE
01 CITY : ARLINGTON
STATE/ZIP : TX 76017
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,707.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007653371 MORTGAGORS: WILD MARK
WILD LAURA
REGION CODE ADDRESS : 325 BUCKSKIN WAY
01 CITY : MONUMENT
STATE/ZIP : CO 80132
MORTGAGE AMOUNT : 268,375.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,985.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030603278 MORTGAGORS: MATTI LEONARD
MATTI WILMA
REGION CODE ADDRESS : 7966 BRADFORD DRIVE
01 CITY : DENVER
STATE/ZIP : NC 28037
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,461.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030731749 MORTGAGORS: CARY BRADLEY
CARY KATHERINE
REGION CODE ADDRESS : 1416 WYNHURST LANE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 599,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 598,879.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,245.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.96600
----------------------------------------------------------------
0 0030794838 MORTGAGORS: SMITH STEVEN
SMITH VIRGINIA
REGION CODE ADDRESS : 3436 CAMINO LARGO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 271,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,865.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.56300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,679,625.00
P & I AMT: 12,029.27
UPB AMT: 1,674,898.36
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030807598 MORTGAGORS: WHITAKER RANDY
WHITAKER JODY
REGION CODE ADDRESS : 351 SUMMERDALE LAND
01 CITY : ALGONQUIN
STATE/ZIP : IL 60102
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,615.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.91676
----------------------------------------------------------------
0 0030809925 MORTGAGORS: WILSON CRAIG
WILSON MARY
REGION CODE ADDRESS : 25519 SOUTH GOLD RIDGE DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,409.99 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 : 59.11900
----------------------------------------------------------------
0 0030822605 MORTGAGORS: OLSON SHERI
REGION CODE ADDRESS : 13109 SHANEYBROOK CIRCLE
01 CITY : REISTERSTOWN
STATE/ZIP : MD 21136
MORTGAGE AMOUNT : 288,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,280.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0030823553 MORTGAGORS: MCINERNEY JOAN
REGION CODE ADDRESS : 89 CLUB POINTE DR.
01 CITY : WHITE PLAINS
STATE/ZIP : NY 10605
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,280.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.17983
----------------------------------------------------------------
0 0030825251 MORTGAGORS: MEDICO FRED
MEDICO SUSAN
REGION CODE ADDRESS : 17920 RAVEN ROCKS ROAD
01 CITY : BLUEMONT
STATE/ZIP : VA 20135
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 : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 92.30700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,473,500.00
P & I AMT: 10,518.35
UPB AMT: 1,469,978.06
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030826655 MORTGAGORS: BROWN CLARENCE
BROWN NANCY
REGION CODE ADDRESS : 7046 BALMORAL FOREST ROAD
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,758.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.82000
----------------------------------------------------------------
0 0030832786 MORTGAGORS: BENNETT JOHN
BENNETT ELIZABETH
REGION CODE ADDRESS : 465 SETTLERS REST EAST
01 CITY : MOUNT PLEASANT
STATE/ZIP : SC 29464
MORTGAGE AMOUNT : 331,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,902.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,457.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 81.72800
----------------------------------------------------------------
0 0030833768 MORTGAGORS: NGUYEN HOAN
NGUYEN PHUONG-ANH
REGION CODE ADDRESS : 3296 MONTECITO DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,372.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.68500
----------------------------------------------------------------
0 0030835482 MORTGAGORS: BRUGIONI JOHN
BRUGIONI TINA
REGION CODE ADDRESS : 9890 ARROWOOD DRIVE
01 CITY : MANASSAS
STATE/ZIP : VA 20111
MORTGAGE AMOUNT : 240,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,404.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.98700
----------------------------------------------------------------
0 0030843452 MORTGAGORS: TRAUTMAN ROBERT
TRAUTMAN RACHEL
REGION CODE ADDRESS : 13 WILDERNESS DRIVE
01 CITY : MEDFORD
STATE/ZIP : NJ 08055
MORTGAGE AMOUNT : 291,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,473.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,242.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.90400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,453,200.00
P & I AMT: 10,622.39
UPB AMT: 1,450,911.06
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030857320 MORTGAGORS: CONDON CUSHING
CONDON MARGARET
REGION CODE ADDRESS : 17 KEMP AVENUE
01 CITY : RUMSON
STATE/ZIP : NJ 07760
MORTGAGE AMOUNT : 536,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 531,289.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,979.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030871206 MORTGAGORS: YOUNG GLENN
YOUNG BERTHA
REGION CODE ADDRESS : 1509 PERRY CLEAR COURT
01 CITY : RALEIGH
STATE/ZIP : NC 27614
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.66400
----------------------------------------------------------------
0 0030872733 MORTGAGORS: HOFFMAN MICHAEL
HOFFMAN KIM
REGION CODE ADDRESS : 10040 LONGVIEW DRIVE
01 CITY : LITTLETON
STATE/ZIP : CO 80124
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,792.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.66900
----------------------------------------------------------------
0 0030874564 MORTGAGORS: MARKS THOMAS
MARKS BETTI
REGION CODE ADDRESS : 7778 ROYAL SYDNEY DRIVE
01 CITY : GAINESVILLE
STATE/ZIP : VA 20155
MORTGAGE AMOUNT : 238,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0030876585 MORTGAGORS: KALRA KRISHAN
KALRA ASHA
REGION CODE ADDRESS : 2015 SILVERWOOD DRIVE
01 CITY : NEWTOWN
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 423,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,208.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,070.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,733,100.00
P & I AMT: 12,420.22
UPB AMT: 1,727,696.17
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030877336 MORTGAGORS: AHSAN ABU
HUDA ESHRAT
REGION CODE ADDRESS : 57 WESLEY ROAD
01 CITY : SOMERVILLE
STATE/ZIP : NJ 08876
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,277.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.53600
----------------------------------------------------------------
0 0030877351 MORTGAGORS: MORRIS MICHAEL
MORRIS KRISTINA
REGION CODE ADDRESS : 7805 MEADOWVALE TERRACE
01 CITY : LAYTONSVILLE
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,331.33 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
----------------------------------------------------------------
0 0030877385 MORTGAGORS: SCHEUERLE CRAIG
SCHEUERLE LAURA
REGION CODE ADDRESS : 1139 NORSAM ROAD
01 CITY : GLADWYNE
STATE/ZIP : PA 19035
MORTGAGE AMOUNT : 282,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,729.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0030877534 MORTGAGORS: DEJOHN ANTHONY
DEJOHN JANICE
REGION CODE ADDRESS : 20 GREENVIEW DRIVE
01 CITY : TRENTON
STATE/ZIP : NJ 08620
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 : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.48400
----------------------------------------------------------------
0 0030880827 MORTGAGORS: VALOFF ANDREW
VALOFF PATSEY
REGION CODE ADDRESS : 521 GRIZZLY ROAD
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,412.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,280,350.00
P & I AMT: 8,959.49
UPB AMT: 1,276,552.70
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030882880 MORTGAGORS: FORQUES NEIL
REGION CODE ADDRESS : 2401 N CHEREMOYA AVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,317.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,306.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0030887244 MORTGAGORS: RAZANI SHAHAB
REGION CODE ADDRESS : 22030 AVENUE SAN LUIS
01 CITY : LOS ANGELES
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 160,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 160,067.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,208.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030888002 MORTGAGORS: AYYASH HASSAN
FARHAT NADA
REGION CODE ADDRESS : 2 BOWFELL COURT
01 CITY : WAYNE TOWNSHIP
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,730.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 93.60000
----------------------------------------------------------------
0 0030897805 MORTGAGORS: MITO GUY
MITO KELLY
REGION CODE ADDRESS : 8026 WESTLAWN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,283.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.38400
----------------------------------------------------------------
0 0030901110 MORTGAGORS: MCKAY CLARK
MCKAY JUDITH
REGION CODE ADDRESS : 6817 AVIANO DRIVE
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 423,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,855.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,031.86 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: 1,363,000.00
P & I AMT: 10,121.61
UPB AMT: 1,357,253.99
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030902431 MORTGAGORS: LAROCHE DAVID
HANSON ELIZABETH
REGION CODE ADDRESS : 806 CROOKED CROW LANE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 446,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,663.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,118.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030904734 MORTGAGORS: PAYNE RUSSELL
PAYNE LYDIA
REGION CODE ADDRESS : 6436 MUSTER COURT
01 CITY : CENTREVILLE
STATE/ZIP : VA 20121
MORTGAGE AMOUNT : 246,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,662.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0030904783 MORTGAGORS: ZANDER PAUL
ZANDER NANCY
REGION CODE ADDRESS : 5215 HOWARDS POINT RD
01 CITY : SHOREWOOD
STATE/ZIP : MN 55331
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,325.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,114.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030910236 MORTGAGORS: MALONZO BENJAMIN
MALONZO DEBORAH
REGION CODE ADDRESS : 626 SERRANO LANE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 232,190.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,885.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0030912125 MORTGAGORS: MACHNIK STANLEY
MACHNIK SANDRA
REGION CODE ADDRESS : 11 TREVOR LANE
01 CITY : DURHAM
STATE/ZIP : CT 06422
MORTGAGE AMOUNT : 243,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,454.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 92.77000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,608,190.00
P & I AMT: 11,446.00
UPB AMT: 1,603,991.29
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030912653 MORTGAGORS: COSTELLO EDWARD
COSTELLO KARIN
REGION CODE ADDRESS : 620 E. CHANNEL RD
01 CITY : SANTA MONICA AREA
STATE/ZIP : CA 90402
MORTGAGE AMOUNT : 400,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,758.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,695.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 36.76900
----------------------------------------------------------------
0 0030915516 MORTGAGORS: DIMARCO ROBERT
DIMARCO MARYANN
REGION CODE ADDRESS : 107 SHANDON PLACE
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,526.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.40400
----------------------------------------------------------------
0 0030916050 MORTGAGORS: SULYMANKHEL NAZIR
REGION CODE ADDRESS : 1158 MOCCASIN COURT
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 232,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,351.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 92.38000
----------------------------------------------------------------
0 0030917439 MORTGAGORS: PHELPS DAVID
PHELPS GRACE
REGION CODE ADDRESS : 179 WEST ROCKS ROAD
01 CITY : NORWALK
STATE/ZIP : CT 06581
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,430.96 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 : 77.20300
----------------------------------------------------------------
0 0030919120 MORTGAGORS: BACH LARRY
BACH DIANNE
REGION CODE ADDRESS : 4527 GASTON STREET
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
MORTGAGE AMOUNT : 317,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,352.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,166.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,514,450.00
P & I AMT: 10,527.84
UPB AMT: 1,511,420.46
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030919138 MORTGAGORS: CALDWELL TIMOTHY
CALDWELL LORNA
REGION CODE ADDRESS : 6353 SOFT THUNDER TRAIL
01 CITY : COLUMBIA
STATE/ZIP : MD 21045
MORTGAGE AMOUNT : 264,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,103.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030919153 MORTGAGORS: READY MICHAEL
READY DIANE
REGION CODE ADDRESS : 38 MILL FARM DRIVE
01 CITY : MANSFIELD
STATE/ZIP : MA 02048
MORTGAGE AMOUNT : 241,320.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,779.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97000
----------------------------------------------------------------
0 0030919195 MORTGAGORS: IYER NIRANJAN
VISNEGARWALA FEHMIDA
REGION CODE ADDRESS : 3311 RIDGEPOINT CT
01 CITY : PEARLAND
STATE/ZIP : TX 77584
MORTGAGE AMOUNT : 119,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 119,076.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 876.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0030919427 MORTGAGORS: RIDLEY MARION
REGION CODE ADDRESS : 112 ST LAWRENCE STREET
01 CITY : REHOBOTH BEACH
STATE/ZIP : DE 19971
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,447.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,219.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030921845 MORTGAGORS: CHADE RICHARD
CHADE ANTHEA
REGION CODE ADDRESS : 28372 CALLE RINON
01 CITY : SAN JUAN CAPISTRONO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 412,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,200.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,921.78 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: 1,329,820.00
P & I AMT: 9,552.67
UPB AMT: 1,326,607.20
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030923213 MORTGAGORS: MORENO NORMA
ROMANO PRUDENCE
REGION CODE ADDRESS : 11881 NW 12TH DRIVE
01 CITY : CORAL SPRINGS
STATE/ZIP : FL 33071
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,854.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 69.99900
----------------------------------------------------------------
0 0030923858 MORTGAGORS: FLUTER RUSSELL
FLUTER LEEANN
REGION CODE ADDRESS : 2750 POINTE DEL MAR AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,786.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
0 0030925044 MORTGAGORS: HAAS ROBERT
HAAS RAQUEL
REGION CODE ADDRESS : 609 CALLE SEQUOIA
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,335.10 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 : 80.00000
----------------------------------------------------------------
0 0030925507 MORTGAGORS: LOTT JAMES
LOTT SONIA
REGION CODE ADDRESS : 8021 MOSS BANK DRIVE
01 CITY : LAUREL
STATE/ZIP : MD 20724
MORTGAGE AMOUNT : 252,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,142.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98600
----------------------------------------------------------------
0 0030926315 MORTGAGORS: BOWERS JONATHAN
BOWERS KATHLEEN
REGION CODE ADDRESS : 34 GALE ROAD
01 CITY : HAMPTON
STATE/ZIP : NH 03842
MORTGAGE AMOUNT : 389,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,211.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,854.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.80000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,503,500.00
P & I AMT: 10,991.62
UPB AMT: 1,501,330.50
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030928162 MORTGAGORS: GILLIES PETER
GILLIES RAYANNE
REGION CODE ADDRESS : 501 PORT ROYAL COURT
01 CITY : LANDENBERG
STATE/ZIP : PA 19350
MORTGAGE AMOUNT : 238,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,066.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.03225
----------------------------------------------------------------
0 0030928642 MORTGAGORS: LIGHT BILLY
LIGHT CONSTANCE
REGION CODE ADDRESS : 26571 LOMA VERDE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,427.93 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 0030931257 MORTGAGORS: AMIRI BERTRAM
AMIRI ESTHER
REGION CODE ADDRESS : 700 SOUTH BEVERLY GLEN BLVD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 990,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 987,942.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,178.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 66.00000
----------------------------------------------------------------
0 0030932438 MORTGAGORS: DA SILVA BOB
DA SILVA SHERRY
REGION CODE ADDRESS : 975 COLD CANYON ROAD
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,674.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 53.69900
----------------------------------------------------------------
0 0030932792 MORTGAGORS: LOOGES MICHAEL
SPRINGS KELLY
REGION CODE ADDRESS : 28051 NORTH LIANA LANE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 249,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,689.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98640
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,225,200.00
P & I AMT: 16,030.61
UPB AMT: 2,220,800.30
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030932834 MORTGAGORS: JONES GREGORY
JONES COROLYN
REGION CODE ADDRESS : 255 S. SHORE TRAIL
01 CITY : FOREST LAKE
STATE/ZIP : MN 55025
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030933113 MORTGAGORS: REID RONALD
REID CYNTHIA
REGION CODE ADDRESS : 6308 CANYON HEAD LANE
01 CITY : COLUMBIA
STATE/ZIP : MD 21045
MORTGAGE AMOUNT : 237,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,932.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0030933808 MORTGAGORS: LINNARTZ JOHN
LINNARTZ VICTORIA
REGION CODE ADDRESS : 286 JELLIFF MILL ROAD
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,561.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,482.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030933949 MORTGAGORS: LOCKHART CRAIG
LOCKHART MARIA
REGION CODE ADDRESS : 4609 MORNINGSTAR DRIVE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 235,530.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,726.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0030934764 MORTGAGORS: FERNANDEZ IGNACIO
FERNANDEZ FIDELIA
REGION CODE ADDRESS : 33 W 964 COUNTRY CLUB RD
01 CITY : WAYNE
STATE/ZIP : IL 60189
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,736.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,876.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,668,630.00
P & I AMT: 11,979.90
UPB AMT: 1,665,738.09
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030935951 MORTGAGORS: CLASSEN R
CLASSEN LINDA
REGION CODE ADDRESS : 4120 ADMIRABLE DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,233.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.51500
----------------------------------------------------------------
0 0030936009 MORTGAGORS: BROCKMEYER MICHAEL
BROCKMEYER CATHLEEN
REGION CODE ADDRESS : 1203 MIKARA COURT
01 CITY : BELAIR
STATE/ZIP : MD 21015
MORTGAGE AMOUNT : 340,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,153.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,409.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.53986
----------------------------------------------------------------
0 0030936280 MORTGAGORS: HO PAUL
HO LYDIA
REGION CODE ADDRESS : 11 MISTY ACRES ROAD
01 CITY : ROLLING HILLS ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 640,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 638,636.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,585.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.85300
----------------------------------------------------------------
0 0030936736 MORTGAGORS: SUNG PAUL
SUNG TERRI
REGION CODE ADDRESS : 2783 LYLEWOOD
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 499,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,380.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,492.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.45500
----------------------------------------------------------------
0 0030936942 MORTGAGORS: D'ALESSIO ROBERT
D'ALESSIO JULIE
REGION CODE ADDRESS : 3 CLOUD DRIVE
01 CITY : MONTVILLE
STATE/ZIP : NJ 07045
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 573,853.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,105.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.70200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,401,900.00
P & I AMT: 16,983.47
UPB AMT: 2,392,257.92
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030937049 MORTGAGORS: SANBORN GEORGE
SANBORN RACHEL
REGION CODE ADDRESS : 6228 A MIDNIGHT PASS RD
01 CITY : SARASOTA
STATE/ZIP : FL 34242
MORTGAGE AMOUNT : 393,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,910.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,820.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030937254 MORTGAGORS: BRESLAU-COX JULIE
COX CHARLES
REGION CODE ADDRESS : 28804 LOMO DRIVE
01 CITY : RANCHO PALOS VERDE
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 287,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030937833 MORTGAGORS: ARNHEIM TOBY
ARNHEIM DENNY
REGION CODE ADDRESS : 630 TOMAHAWK TRAIL
01 CITY : VERO BEACH
STATE/ZIP : FL 32963
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,310.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030938591 MORTGAGORS: ROBERTS JOHN
REGION CODE ADDRESS : 93 ELLSWORTH STREET UNIT 216
01 CITY : BRIDGEPORT
STATE/ZIP : CT 06606
MORTGAGE AMOUNT : 52,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 51,653.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 396.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0030939029 MORTGAGORS: SHAYMAN MARK
RUBENSTEIN LISA
REGION CODE ADDRESS : 10913 LAMPLIGHTER LANE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,684.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,859.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,395,650.00
P & I AMT: 9,882.56
UPB AMT: 1,392,660.04
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030939318 MORTGAGORS: ALCOULOUMRE ERIC
ALCOULOUMRE ANNEE
REGION CODE ADDRESS : 2385 HILLVIEW DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 661,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 659,591.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,735.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 77.76400
----------------------------------------------------------------
0 0030939706 MORTGAGORS: RYDER GREGORY
RYDER NANCY
REGION CODE ADDRESS : 117 NORTH CLUB DRIVE
01 CITY : LAKE TOXAWAY
STATE/ZIP : NC 28747
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,977.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 48.40900
----------------------------------------------------------------
0 0030939813 MORTGAGORS: GORDON MARTIN
GORDON DIANE
REGION CODE ADDRESS : 9332 HAZEN DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 900,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 897,983.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,292.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 75.00000
----------------------------------------------------------------
0 0030940068 MORTGAGORS: LEMMER KEVIN
LEMMER LORI
REGION CODE ADDRESS : 140 DOWNEY DR.
01 CITY : TENAFLY
STATE/ZIP : NJ 07670
MORTGAGE AMOUNT : 400,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,781.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.48100
----------------------------------------------------------------
0 0030941835 MORTGAGORS: COUZENS SHAWN
REGION CODE ADDRESS : 1213 MADISON DRIVE
01 CITY : LOWER MAKEFIELD TOWNSHIP
STATE/ZIP : PA 19067
MORTGAGE AMOUNT : 156,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 156,482.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,150.54 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: 2,467,850.00
P & I AMT: 17,591.67
UPB AMT: 2,462,815.87
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030941967 MORTGAGORS: RUBENSTEIN DAVID
LEVINE DEBRA
REGION CODE ADDRESS : 516 FIRST PARISH ROAD
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,442.75 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 : 67.07300
----------------------------------------------------------------
0 0030942072 MORTGAGORS: LENTZ TIMOTHY
LENTZ TRACY
REGION CODE ADDRESS : 7223 DOUGLAS LAKE RANCH ROAD
01 CITY : WELLINGTON
STATE/ZIP : CO 80525
MORTGAGE AMOUNT : 313,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,173.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,218.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.35000
----------------------------------------------------------------
0 0030942213 MORTGAGORS: REINHOLD MARK
REINHOLD SUSAN
REGION CODE ADDRESS : 35105 LOMA ROAD
01 CITY : LAKE ELSINORE
STATE/ZIP : CA 92530
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,297.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.63100
----------------------------------------------------------------
0 0030942353 MORTGAGORS: IVERSON STEVEN
IVERSON SABRINA
REGION CODE ADDRESS : 403 N MARANTHA ROAD
01 CITY : PAYSON
STATE/ZIP : AZ 85541
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,751.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,821.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030943278 MORTGAGORS: EGGLESTON REBECCA
FELAND TAMARA
REGION CODE ADDRESS : 2201 NW 131ST STREET
01 CITY : OKLAHOMA CITY
STATE/ZIP : OK 73131
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,330.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 68.88800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,573,400.00
P & I AMT: 11,415.72
UPB AMT: 1,570,994.87
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030943369 MORTGAGORS: COLLINS MICHAEL
COLLINS LAURA
REGION CODE ADDRESS : 466 WINDERMERE ROAD
01 CITY : DREXEL HILL
STATE/ZIP : PA 19026
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,571.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030943443 MORTGAGORS: MORSE NORMAN
REGION CODE ADDRESS : 21 HEDGEBROOK WAY
01 CITY : AUSTIN
STATE/ZIP : TX 78738
MORTGAGE AMOUNT : 256,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,202.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
0 0030943914 MORTGAGORS: ZOMBEK LAWRENCE
ZOMBEK JOAN
REGION CODE ADDRESS : 29 MYRTLEDALE ROAD
01 CITY : SCARSDALE
STATE/ZIP : NY 10583
MORTGAGE AMOUNT : 457,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,999.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,156.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.67300
----------------------------------------------------------------
0 0030944177 MORTGAGORS: VERDUGO ANNIE
REGION CODE ADDRESS : 8319 CEDARDALE DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22308
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,423.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 92.45200
----------------------------------------------------------------
0 0030944995 MORTGAGORS: SURNOW SEYMOUR
KYTE ALVIN
REGION CODE ADDRESS : 90 PAINTER RIDGE ROAD
01 CITY : WASHINGTON DEPOT
STATE/ZIP : CT 06793
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,346.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.25000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,682,800.00
P & I AMT: 11,721.69
UPB AMT: 1,679,543.32
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030946149 MORTGAGORS: HAMMONS JOHN
HAMMONS MARLEEN
REGION CODE ADDRESS : 2937 CHARDONNAY CIRCLE
01 CITY : SHREVEPORT
STATE/ZIP : LA 71106
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,027.01 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 : 77.77700
----------------------------------------------------------------
0 0030946230 MORTGAGORS: FISHER ANNE
TANNER CONNIE
REGION CODE ADDRESS : 604 JOHN ANTHONY DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,406.36 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
----------------------------------------------------------------
0 0030946784 MORTGAGORS: STALDER EARL
TURLEY YOLANDA
REGION CODE ADDRESS : 35 SANTA LUCIA
01 CITY : DANA POINT
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,817.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.15700
----------------------------------------------------------------
0 0030947659 MORTGAGORS: HUNSAKER RICHARD
HUNSAKER ANNA
REGION CODE ADDRESS : 726 CYPRESS GREEN CIRCLE
01 CITY : WELLINGTON
STATE/ZIP : FL 33414
MORTGAGE AMOUNT : 243,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,193.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,766.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.25900
----------------------------------------------------------------
0 0030947774 MORTGAGORS: PUTNAM PHILIP
PUTNAM LORI
REGION CODE ADDRESS : 520 ARROYO DRIVE
01 CITY : SOUTH PASADENA
STATE/ZIP : CA 91030
MORTGAGE AMOUNT : 300,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,394.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 54.55400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,373,750.00
P & I AMT: 9,682.82
UPB AMT: 1,370,838.65
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030947832 MORTGAGORS: MILES JAMES
ESCOBAR ANA
REGION CODE ADDRESS : 3643 OCEANHILL WAY
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 576,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 575,163.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,076.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030949325 MORTGAGORS: IBSEN PAUL
IBSEN LINDA
REGION CODE ADDRESS : 7104 KANFER COURT
01 CITY : CHARLOTTE
STATE/ZIP : NC 28226
MORTGAGE AMOUNT : 242,348.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,805.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030951271 MORTGAGORS: NEVINS DENNIS
NEVINS CINDY
REGION CODE ADDRESS : 2101 AMETHYST DRIVE
01 CITY : LONGMONT
STATE/ZIP : CO 80501
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,366.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030951370 MORTGAGORS: CREASMAN CRAIG
CREASMAN MARIKO
REGION CODE ADDRESS : 17970 VINELAND AVENUE
01 CITY : MONTE SERENO
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 980,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 977,858.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,936.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
0 0030951404 MORTGAGORS: SARVER ALLAN
SARVER ANNETTE
REGION CODE ADDRESS : 17227 OTSEGO STREET
01 CITY : ENCINO
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 287,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,667.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,107.74 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: 2,360,098.00
P & I AMT: 16,782.11
UPB AMT: 2,354,861.87
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030951560 MORTGAGORS: HELLER JOEL
HELLER PAMELA
REGION CODE ADDRESS : 222 MEADOW LANE
01 CITY : STOWE
STATE/ZIP : VT 05672
MORTGAGE AMOUNT : 273,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,962.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030951776 MORTGAGORS: KUKLINSKI MARK
KUKLINSKI KATHLEEN
REGION CODE ADDRESS : 5485 HALF HOLLOW COURT
01 CITY : OSWEGO
STATE/ZIP : IL 60543
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 : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030953764 MORTGAGORS: HARRIS RONALD
HOWARD DIANA
REGION CODE ADDRESS : 6616 VIA SIENA
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,215.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.42056
----------------------------------------------------------------
0 0030954978 MORTGAGORS: HOVICK EDWARD
HOVICK CAROL
REGION CODE ADDRESS : 4 COBBLESTONE CT
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 243,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,361.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030955330 MORTGAGORS: KWATRA SURINDER
KWATRA RAMESH
REGION CODE ADDRESS : 5308 DUNBARTON COURT
01 CITY : ARLINGTON
STATE/ZIP : TX 76017
MORTGAGE AMOUNT : 239,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,049.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.86 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: 1,386,700.00
P & I AMT: 9,756.37
UPB AMT: 1,384,588.81
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030955918 MORTGAGORS: YUAN WARM
YUAN REBECCA
REGION CODE ADDRESS : 1947 CUMBRE DRIVE
01 CITY : SAN PEDRO
STATE/ZIP : CA 90732
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,572.44 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 0030956643 MORTGAGORS: MCMINN JAMES
KILLINGSWORTH CHERYL
REGION CODE ADDRESS : 307 LAPLAYA PLACE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35209
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,433.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.21300
----------------------------------------------------------------
0 0030957054 MORTGAGORS: SORCABAL CHARLES
SORCABAL CAROL
REGION CODE ADDRESS : 7346 EAST WHITE OAK RIDGE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,434.74 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 0030957286 MORTGAGORS: WOLCOTT DARLA
REGION CODE ADDRESS : 2 ARABIAN PLACE
01 CITY : LITTLETON
STATE/ZIP : CO 80123
MORTGAGE AMOUNT : 366,475.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,052.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.51300
----------------------------------------------------------------
0 0030957625 MORTGAGORS: HAMMER BRIAN
HAMMER JENNIFER
REGION CODE ADDRESS : 313 WEST MARY STREET
01 CITY : AUSTIN
STATE/ZIP : TX 78704
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,701.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,002.98 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: 1,331,675.00
P & I AMT: 9,570.81
UPB AMT: 1,328,194.31
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030958466 MORTGAGORS: BUSTAMANTE CHRIS
BUSTAMANTE MARIA TERESA
REGION CODE ADDRESS : 215 OWENS PARK DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77094
MORTGAGE AMOUNT : 139,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,557.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,013.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98557
----------------------------------------------------------------
0 0030958565 MORTGAGORS: MCCLEOD MICHAEL
MCCLEOD CAROLINE
REGION CODE ADDRESS : 23 CATALPA COURT
01 CITY : FT. MYERS
STATE/ZIP : FL 33919
MORTGAGE AMOUNT : 370,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,804.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,816.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030958896 MORTGAGORS: MEE CHRISTOPHER
VETTORETTI VIRGINIA
REGION CODE ADDRESS : 38 JEAN WAY
01 CITY : SOMERS
STATE/ZIP : NY 10589
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,671.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.14800
----------------------------------------------------------------
0 0030958946 MORTGAGORS: ROFFMAN MARCIA
REGION CODE ADDRESS : 1035 MANNING AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,139.04 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 : 58.55000
----------------------------------------------------------------
0 0030958953 MORTGAGORS: DICKSTEIN STEPHEN
ROSS NATALIE
REGION CODE ADDRESS : 6 BLIND BROOK ROAD
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 574,126.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,119.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.27700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,727,250.00
P & I AMT: 12,568.71
UPB AMT: 1,724,298.37
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030960538 MORTGAGORS: SITA GILBERT
SITA BEATRIZ
REGION CODE ADDRESS : 420 CHAPEL HILL LANE
01 CITY : NORTHFIELD
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,579.66 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 : 79.75400
----------------------------------------------------------------
0 0030960629 MORTGAGORS: JOHNSTON WALLACE
JOHNSTON BARBARA
REGION CODE ADDRESS : 3 MARLBOROUGH STREET UNIT #4
01 CITY : BOSTON
STATE/ZIP : MA 02115
MORTGAGE AMOUNT : 364,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,996.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,642.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.13084
----------------------------------------------------------------
0 0030961122 MORTGAGORS: PLEETER JACOB
PLEETER MARY ANN
REGION CODE ADDRESS : 72 ICHABOD CRANE LANE
01 CITY : MONTGOMERY TOWNSHIP
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 335,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,468.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,434.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030961403 MORTGAGORS: SAVLA LALIT
SAVLA REKHA
REGION CODE ADDRESS : 18187 SUN MAIDEN COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92127
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,251.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030964555 MORTGAGORS: TRIPICCHIO WILLIAM
TRIPICCHIO WILMA
REGION CODE ADDRESS : 7715 STONE ARBOR DRIVE
01 CITY : SUGAR LAND
STATE/ZIP : TX 77479
MORTGAGE AMOUNT : 249,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,641.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98399
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,855,400.00
P & I AMT: 13,232.00
UPB AMT: 1,851,938.74
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030964662 MORTGAGORS: GARG VINOD
GARG NALINA
REGION CODE ADDRESS : 3825 ELMIRA AVENUE
01 CITY : CLAREMONT
STATE/ZIP : CA 91711
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,273.93 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 : 78.12500
----------------------------------------------------------------
0 0030965347 MORTGAGORS: GROSS WILLIAM
FITZSIMMONS TINA
REGION CODE ADDRESS : 12508 WOODSIDE COURT
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,322.91 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 0030965438 MORTGAGORS: MILLER STEVEN
MILLER NANCY
REGION CODE ADDRESS : 842 COUNTRY CLUB LANE
01 CITY : FOND DU LAC
STATE/ZIP : WI 54935
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,660.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0030965529 MORTGAGORS: MAGID BRENT
MAGID MITZI
REGION CODE ADDRESS : 2168 LINDEN DR. SE
01 CITY : CEDAR RAPIDS
STATE/ZIP : IA 52403
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,612.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
0 0030966139 MORTGAGORS: GOLD DANIEL
GOLD ELAINE
REGION CODE ADDRESS : 470 PIPSIS POINT ROAD
01 CITY : COROLLA
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 431,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,573.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,052.01 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: 1,887,200.00
P & I AMT: 13,395.17
UPB AMT: 1,882,443.68
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030966147 MORTGAGORS: LEVIN ADAM
LEVIN CAREN
REGION CODE ADDRESS : 690 CHERRYDALE DRIVE
01 CITY : LAFAYETTE HILL
STATE/ZIP : PA 19444
MORTGAGE AMOUNT : 310,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,651.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0030966584 MORTGAGORS: HONG CHONG
HONG DOROTHY
REGION CODE ADDRESS : 6754 BIRCHMAN DRIVE
01 CITY : RANCHO PALOS VERDE
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 418,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,063.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,922.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
0 0030966618 MORTGAGORS: ARMSTRONG ROBERT
ARMSTRONG MITZI
REGION CODE ADDRESS : 5593 LITTLE FAWN COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,160.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,798.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.41000
----------------------------------------------------------------
0 0030966758 MORTGAGORS: SAVINO DOMINICK
SAVINO JULIE
REGION CODE ADDRESS : 46 GREAT RING ROAD
01 CITY : NEWTOWN
STATE/ZIP : CT 06470
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,573.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,240.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030966782 MORTGAGORS: WAKIM MICHEL
KANE MARGARET
REGION CODE ADDRESS : 212 MARPLE ROAD
01 CITY : HAVERFORD
STATE/ZIP : PA 19041
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,890.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 955.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,727,900.00
P & I AMT: 12,011.54
UPB AMT: 1,725,339.38
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030967350 MORTGAGORS: KHANNA USHA
KHANNA KARUN
REGION CODE ADDRESS : 2145 TYSONS EXECUTIVE COURT
01 CITY : DUNN LORING
STATE/ZIP : VA 22027
MORTGAGE AMOUNT : 345,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,993.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,414.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0030967657 MORTGAGORS: NAPIER MICHAEL
NAPIER KATHLEEN
REGION CODE ADDRESS : 113 24TH PLACE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,335.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968242 MORTGAGORS: JOHNSON BRIAN
JOHNSON JANINE
REGION CODE ADDRESS : 694 COLLEEN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,620.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.38400
----------------------------------------------------------------
0 0030968762 MORTGAGORS: COUND WILLIAM
COUND THERESA
REGION CODE ADDRESS : 9509 VINNIA COURT
01 CITY : MANASSAS
STATE/ZIP : VA 20110
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,606.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,274.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968770 MORTGAGORS: BUNDY ANDREW
HANSEN KAREN
REGION CODE ADDRESS : 27 WINSOR AVENUE
01 CITY : WATERTOWN
STATE/ZIP : MA 02172
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,671.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.63100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,322,250.00
P & I AMT: 9,348.44
UPB AMT: 1,320,227.80
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030968820 MORTGAGORS: PORTER CYNTHIA
REGION CODE ADDRESS : 2205 ABBOTSFORD DRIVE
01 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 196,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 195,549.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,353.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968952 MORTGAGORS: SASSER ERIC
SASSER SHIRLEY
REGION CODE ADDRESS : 3604 TEMPLAR COURT
01 CITY : PORTSMOUTH
STATE/ZIP : VA 23703
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,006.17 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 : 75.00000
----------------------------------------------------------------
0 0030969562 MORTGAGORS: KOPE ROBERT
DIAZ-KOPE LUISA
REGION CODE ADDRESS : 743 TERRA NOVA DRIVE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,134.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,802.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.93800
----------------------------------------------------------------
0 0030969794 MORTGAGORS: JANTSCHEK ROBERT
JANTSCHEK ANINDITA
REGION CODE ADDRESS : XXX 110TH STREET
01 CITY : GRANT TWSP
STATE/ZIP : MN 55082
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.25100
----------------------------------------------------------------
0 0030970032 MORTGAGORS: HERSCH JONATHAN
HERSCH JULIE
REGION CODE ADDRESS : 64 MONROE AVENUE
01 CITY : EDISON
STATE/ZIP : NJ 08820
MORTGAGE AMOUNT : 255,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,311.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99374
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,365,900.00
P & I AMT: 9,590.40
UPB AMT: 1,362,822.74
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030970768 MORTGAGORS: FASANO MICHAEL
FASANO TINA
REGION CODE ADDRESS : 845 LUNAR COURT
01 CITY : ROHNERT PARK
STATE/ZIP : CA 94928
MORTGAGE AMOUNT : 171,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 170,769.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,254.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030971279 MORTGAGORS: RUSH HENRY
RUSH ELISABETH
REGION CODE ADDRESS : 5423 HOLLY SPRINGS
01 CITY : HOUSTON
STATE/ZIP : TX 77056
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 574,604.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,169.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.67300
----------------------------------------------------------------
0 0030971329 MORTGAGORS: KORF BRUCE
KORF MICHELE
REGION CODE ADDRESS : 25 ELMORE ST
01 CITY : NEWTON CENTRE
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,969.84 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 : 75.00000
----------------------------------------------------------------
0 0030971667 MORTGAGORS: SCHLEIFF WILLIAM
SCHLEIFF MARIE
REGION CODE ADDRESS : 29 STATE PARK ROAD
01 CITY : HULL
STATE/ZIP : MA 02045
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,778.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,249.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.56800
----------------------------------------------------------------
0 0030972012 MORTGAGORS: CRITTENDEN JENNIFER
HARVEY THOMAS
REGION CODE ADDRESS : 12903 GRIMALDI
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,236.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.34600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,810,000.00
P & I AMT: 12,889.35
UPB AMT: 1,801,359.12
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030972111 MORTGAGORS: MORELLI DONALD
DOEGE CHERYL
REGION CODE ADDRESS : 3 CALYPSO LANE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,558.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,406.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 87.23400
----------------------------------------------------------------
0 0030972350 MORTGAGORS: SCHULZE BRADLEY
REGION CODE ADDRESS : 20638 N 16TH WAY
01 CITY : PHOENIX
STATE/ZIP : AZ 85024
MORTGAGE AMOUNT : 258,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,813.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 93.95800
----------------------------------------------------------------
0 0030972830 MORTGAGORS: BALLARD ANTHONY
BALLARD BONITA
REGION CODE ADDRESS : 911 NIGHTINGALE PLACE
01 CITY : OXNARD
STATE/ZIP : CA 93030
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030972962 MORTGAGORS: WINTER ROBERT
WINTER CHRISTINA
REGION CODE ADDRESS : 12 BOCA RATON COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,433.92 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 : 69.07200
----------------------------------------------------------------
0 0030973267 MORTGAGORS: HANSEN ROSS
HANSEN NORMA
REGION CODE ADDRESS : 47 POND VIEW DRIVE
01 CITY : KINGSTON
STATE/ZIP : MA 02364
MORTGAGE AMOUNT : 285,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,377.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,422,100.00
P & I AMT: 10,123.53
UPB AMT: 1,418,933.02
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030974323 MORTGAGORS: MOORE JOHN
MOORE JANICE
REGION CODE ADDRESS : 17725 QUELAH LANE
01 CITY : SUNRIVER
STATE/ZIP : OR 97707
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,402.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 89.81100
----------------------------------------------------------------
0 0030975122 MORTGAGORS: BUYS NORMAN
BUYS NORA
REGION CODE ADDRESS : 11534 HILLPARK LANE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 880,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 878,753.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,304.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 62.85700
----------------------------------------------------------------
0 0030975916 MORTGAGORS: LOVE DAVID
LOVE YUKO
REGION CODE ADDRESS : 9 KUHAR'S WAY
01 CITY : NEWTOWN
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,772.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.88800
----------------------------------------------------------------
0 0030975957 MORTGAGORS: WATTS CHARLES
WATTS LYNN
REGION CODE ADDRESS : 1711 JUSTIN DRIVE
01 CITY : GAMBRILLS
STATE/ZIP : MD 21054
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,558.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.40100
----------------------------------------------------------------
0 0030976005 MORTGAGORS: NIXON RALPH
NIXON KATHLEEN
REGION CODE ADDRESS : 1 HILLSIDE PLACE
01 CITY : TARRYTOWN
STATE/ZIP : NY 10591
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,370.30 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
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,179,000.00
P & I AMT: 15,693.88
UPB AMT: 2,175,857.02
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030976286 MORTGAGORS: SCHROEDER SCOTT
HATHAWAY CHRISTINA
REGION CODE ADDRESS : 1700 ONEIDA STREET
01 CITY : DENVER
STATE/ZIP : CO 80220
MORTGAGE AMOUNT : 391,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,931.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,771.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030976328 MORTGAGORS: JAIN ASHIT
JAIN MONISHA
REGION CODE ADDRESS : 8543 LUPINE CT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,574.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,826.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 44.82758
----------------------------------------------------------------
0 0030976385 MORTGAGORS: IRWIN EDWARD
IRWIN MARY
REGION CODE ADDRESS : 5622 46TH AVENUE SOUTHWEST
01 CITY : SEATTLE
STATE/ZIP : WA 98136
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,528.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.74600
----------------------------------------------------------------
0 0030977029 MORTGAGORS: BERMAN JONAS
RYAN-BERMAN JULIE
REGION CODE ADDRESS : 39 BATTLE FLAGG ROAD
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 457,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,935.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,315.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0030977912 MORTGAGORS: GUARNERI PAUL
GUARNERI JOANN
REGION CODE ADDRESS : 1467 CRESS CREEK COURT
01 CITY : NAPERVILLE
STATE/ZIP : IL 60563
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,834.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.38300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,972,950.00
P & I AMT: 14,248.31
UPB AMT: 1,969,804.26
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030978134 MORTGAGORS: SONATY WARREN
SONATY SUSAN
REGION CODE ADDRESS : 31086 TANOA ROAD
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,226.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,505.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.48000
----------------------------------------------------------------
0 0030978191 MORTGAGORS: O'MEARA PETER
O'MEARA HEATHER
REGION CODE ADDRESS : 1712 SUNSET AVENUE SW
01 CITY : SEATTLE
STATE/ZIP : WA 98116
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,569.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.72400
----------------------------------------------------------------
0 0030978365 MORTGAGORS: LACOURSE BRIAN
LANG MICHELE
REGION CODE ADDRESS : 3 BYRNE PLACE
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 152,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 151,898.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,115.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030978498 MORTGAGORS: DANIEL JAMES
DANIEL JEAN
REGION CODE ADDRESS : 2212 CAMINO DEL ROSARIO
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93108
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,614.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,656.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.16600
----------------------------------------------------------------
0 0030979108 MORTGAGORS: HENRY FRANK
HENRY MARYNELL
REGION CODE ADDRESS : 9 VILLAGE LANE
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,817.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,685,000.00
P & I AMT: 11,955.95
UPB AMT: 1,682,126.35
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030980205 MORTGAGORS: ALBERT ROBERT
ALBERT JUDY
REGION CODE ADDRESS : 26019 BALDWIN PLACE
01 CITY : STEVENSON RANCH
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 289,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,029.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0030980429 MORTGAGORS: PAROLIN MICHAEL
PAROLIN KAREN
REGION CODE ADDRESS : 11 MAECK FARM ROAD
01 CITY : SHELBURNE
STATE/ZIP : VT 05482
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,603.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030981575 MORTGAGORS: TSYRGANOVICH ANATOLIY
TSYRGANOVICH SVETLANA
REGION CODE ADDRESS : 906 WINDSOR HILLS CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 266,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,331.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,912.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0030983019 MORTGAGORS: FAY MARY
REGION CODE ADDRESS : 2686 REDLANDS DRIVE
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,672.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,061.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0030983126 MORTGAGORS: BRICE HENRY
BRICE LISA
REGION CODE ADDRESS : 741 DORNOCH DRIVE
01 CITY : ANN ARBOR
STATE/ZIP : MI 48103
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.43700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,232,350.00
P & I AMT: 8,700.38
UPB AMT: 1,230,444.10
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030983282 MORTGAGORS: JOHNSON NEAL
BROUGH MELINDA
REGION CODE ADDRESS : 101 SOUTH SUMMERTREE ROAD
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,629.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.97200
----------------------------------------------------------------
0 0030983340 MORTGAGORS: DUCES BRIAN
DUCES BRENDA
REGION CODE ADDRESS : 7608 75TH AVENUE NE
01 CITY : MARYSVILLE
STATE/ZIP : WA 98270
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,517.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030983704 MORTGAGORS: BERTOLUCCI LAWRENCE
REGION CODE ADDRESS : 20 EUGENIA WAY
01 CITY : HILLSBOROUGH
STATE/ZIP : CA 94010
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 29.14700
----------------------------------------------------------------
0 0030984215 MORTGAGORS: O'DANIELS RICHARD
O'DANIELS KERRY
REGION CODE ADDRESS : 5415 E MURIEL DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85254
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,462.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030987275 MORTGAGORS: POWERS PATRICK
POWERS ELIZABETH
REGION CODE ADDRESS : 6441 BRANDON COURT
01 CITY : PLANO
STATE/ZIP : TX 75075
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,464.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,813.27 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: 1,434,000.00
P & I AMT: 10,271.08
UPB AMT: 1,431,849.94
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030987374 MORTGAGORS: CHEUNG KAM
CHEUNG ANNE
REGION CODE ADDRESS : 25539 SOUTH GOLD RIDGE DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 363,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,872.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,572.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0030987796 MORTGAGORS: CARFAGNO JOSEPH
CARFAGNO KATHLEEN
REGION CODE ADDRESS : 14824 POPLAR HILL ROAD
01 CITY : DARNESTOWN
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 328,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,210.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,298.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.99500
----------------------------------------------------------------
0 0030988190 MORTGAGORS: DOANE CLYDE
DOANE CHRISTINA
REGION CODE ADDRESS : 4431 DRIFTWOOD COURT
01 CITY : DISCOVERY BAY
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 342,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,426.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030988794 MORTGAGORS: STEPEK DAVID
STEPEK ELIZABETH
REGION CODE ADDRESS : 3185 WOLF WILLOW CLOSE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30004
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,828.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 53.94500
----------------------------------------------------------------
0 0030988976 MORTGAGORS: YOUNG ANDREW
REGION CODE ADDRESS : 5015 LINCOLN DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,572,000.00
P & I AMT: 11,183.43
UPB AMT: 1,569,912.95
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030989206 MORTGAGORS: MORALES ERICSON
MORALES MARIA DOLORES
REGION CODE ADDRESS : 8733 FLORAL STREET
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 238,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,198.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030989966 MORTGAGORS: LEE SANFORD
LEE RITA
REGION CODE ADDRESS : 3000 ACORN COURT
01 CITY : EVANSVILLE
STATE/ZIP : IN 47711
MORTGAGE AMOUNT : 150,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,536.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,093.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030990030 MORTGAGORS: CAO HUNG
NGO THU
REGION CODE ADDRESS : 8427 FORT HUNT ROAD
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22304
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,452.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030990097 MORTGAGORS: ANTIN FRANCIS
ANTIN MARYBETH
REGION CODE ADDRESS : 18 NOKOMIS ROAD
01 CITY : MARION
STATE/ZIP : MA 02738
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,560.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.51900
----------------------------------------------------------------
0 0030990642 MORTGAGORS: ATKINS BRENT
ATKINS LINDA
REGION CODE ADDRESS : 14 MOHAWK DRIVE
01 CITY : EASTON
STATE/ZIP : CT 06612
MORTGAGE AMOUNT : 254,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,170.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,846.75 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: 1,176,650.00
P & I AMT: 8,654.94
UPB AMT: 1,174,918.14
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030990899 MORTGAGORS: KRISKO ROBERT
KRISKO ALYSSA
REGION CODE ADDRESS : 205 MAPLE CREEK LANE
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 296,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,440.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,152.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0030991038 MORTGAGORS: SOURBER DEAN
SOURBER CLAUDIA
REGION CODE ADDRESS : 18050 SW 184 STREET
01 CITY : MIAMI
STATE/ZIP : FL 33187
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,639.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030991061 MORTGAGORS: SCHMIDT TIMOTHY
HOLL SUSAN
REGION CODE ADDRESS : 2498 PARQUET COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,374.44 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 : 62.63700
----------------------------------------------------------------
0 0030991137 MORTGAGORS: BATES DOUGLAS
BATES HELENE
REGION CODE ADDRESS : 1071 CEDAR ROAD
01 CITY : FAIRFIELD
STATE/ZIP : CT 06490
MORTGAGE AMOUNT : 375,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,254.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,659.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.69300
----------------------------------------------------------------
0 0030992317 MORTGAGORS: BARNARD JEFFREY
BARNARD TERESA
REGION CODE ADDRESS : 1417 YARDLEY PLACE
01 CITY : DE SOTO
STATE/ZIP : TX 75115
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,628.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,458,450.00
P & I AMT: 10,459.05
UPB AMT: 1,456,336.93
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030992853 MORTGAGORS: WOOD RANDOLPH
WOOD CYNTHIA
REGION CODE ADDRESS : 800 OAKCREST COURT
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,791.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030992903 MORTGAGORS: HEUNG ANGELA
SPRINZEN MARTIN
REGION CODE ADDRESS : 211 EAST 61ST STREET
01 CITY : NEW YORK
STATE/ZIP : NY 10022
MORTGAGE AMOUNT : 1,430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,427,314.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 10,869.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 015
LTV : 65.00000
----------------------------------------------------------------
0 0030993042 MORTGAGORS: HUBBARD MARTIN
HUBBARD MARGIE
REGION CODE ADDRESS : 2709 SETTING SUN DRIVE
01 CITY : CORONA DEL MAR AREA
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 719,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 718,481.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,154.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 66.93000
----------------------------------------------------------------
0 0030993836 MORTGAGORS: SMITH HERBERT
SMITH CAROLE
REGION CODE ADDRESS : 20283 ISLAND VIEW COURT
01 CITY : STERLING
STATE/ZIP : VA 20165
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.56900
----------------------------------------------------------------
0 0030994016 MORTGAGORS: BEAVERS JOHN
BEAVERS KATHY
REGION CODE ADDRESS : 920 FALLING LEAF
01 CITY : FRIENDSWOOD
STATE/ZIP : TX 77546
MORTGAGE AMOUNT : 264,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,043.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.92500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 3,092,300.00
P & I AMT: 22,765.38
UPB AMT: 3,087,342.08
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030994222 MORTGAGORS: MORAN ROBERT
MORAN SUSAN
REGION CODE ADDRESS : 105 PHILLIPS AVENUE
01 CITY : SWAMPSCOTT
STATE/ZIP : MA 01907
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,639.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 70.51200
----------------------------------------------------------------
0 0030994396 MORTGAGORS: HODAVANCE ROBERT
HODAVANCE GALE
REGION CODE ADDRESS : 340 S CEDAR CREST BLVD.
01 CITY : EMMAUS
STATE/ZIP : PA 18049
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,152.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,305.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 71.66100
----------------------------------------------------------------
0 0030995062 MORTGAGORS: SCHNEIDER JOHN
SCHNEIDER LINDA
REGION CODE ADDRESS : 6169 EARLY AUTUMN DRIVE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 233,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,703.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.44500
----------------------------------------------------------------
0 0030995096 MORTGAGORS: STOKES MITCHELL
STOKES LESLIE
REGION CODE ADDRESS : 2355 MANDEVILLE CANYON ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 568,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 567,578.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,971.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.00000
----------------------------------------------------------------
0 0030995724 MORTGAGORS: PETEREK FRANK
PETEREK GAYLA
REGION CODE ADDRESS : 3003 NORTH SADDLEBROOK LANE
01 CITY : KATY
STATE/ZIP : TX 77450
MORTGAGE AMOUNT : 155,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 154,600.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,164.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 73.45900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,671,050.00
P & I AMT: 12,112.98
UPB AMT: 1,668,673.66
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030996953 MORTGAGORS: LITTLE ARCHIE
LABOSSIERE CARMEN
REGION CODE ADDRESS : 4 SENECA FOREST CIRCLE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20876
MORTGAGE AMOUNT : 366,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,330.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,628.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
0 0030997191 MORTGAGORS: YEATER THOMAS
YEATER DIANNE
REGION CODE ADDRESS : 1120 ROSEWOOD DRIVE
01 CITY : BLUEBELL
STATE/ZIP : PA 19422
MORTGAGE AMOUNT : 369,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,073.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,843.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.09600
----------------------------------------------------------------
0 0030997282 MORTGAGORS: LECOMPTE CHRISTINE
LECOMPTE CHRISTOPHER
REGION CODE ADDRESS : 53 LIBERTY COMMON
01 CITY : RYE
STATE/ZIP : NH 03870
MORTGAGE AMOUNT : 262,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,345.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/17
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030997795 MORTGAGORS: PENTON JAMES
PENTON ROSE
REGION CODE ADDRESS : 1917 TIMBERLINE LANE
01 CITY : SHERMAN
STATE/ZIP : TX 75092
MORTGAGE AMOUNT : 65,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 65,448.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 481.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030998645 MORTGAGORS: COSTA MANUEL
COSTA IRMA
REGION CODE ADDRESS : 16400 NW 82 COURT
01 CITY : MIAMI
STATE/ZIP : FL 33016
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,624.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 65.11056
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,330,000.00
P & I AMT: 9,948.12
UPB AMT: 1,326,822.03
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030999221 MORTGAGORS: MOSBACH DAVID
REGION CODE ADDRESS : 775 SOUTH CANYON MIST LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 373,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,704.04 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 : 89.67500
----------------------------------------------------------------
0 0030999809 MORTGAGORS: LA RUFFA DONALD
LA RUFFA CAROLE
REGION CODE ADDRESS : 110 COMMODORE LANE
01 CITY : SMITHFIELD
STATE/ZIP : VA 23430
MORTGAGE AMOUNT : 254,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,529.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031000003 MORTGAGORS: ISBERG THOMAS
ISBERG HELEN
REGION CODE ADDRESS : 3117 CALHOUN PARKWAY E.
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55408
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.59300
----------------------------------------------------------------
0 0031000052 MORTGAGORS: PHOENIX PEGGI
REGION CODE ADDRESS : 319 WINDMILL CANYON PL.
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 249,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,828.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031000086 MORTGAGORS: WEST KIM
WEST MARY
REGION CODE ADDRESS : 20610 ENTRADERO AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 455,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,555.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,261.11 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: 1,657,600.00
P & I AMT: 11,876.59
UPB AMT: 1,655,157.23
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031000110 MORTGAGORS: LONG JAMES
LONG MARIE
REGION CODE ADDRESS : 754 VALLOMBROSA DRIVE
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,357.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,371.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.45400
----------------------------------------------------------------
0 0031000151 MORTGAGORS: KLEIN ALAN
KLEIN CHERYL
REGION CODE ADDRESS : 6 BAY COLONY COURT
01 CITY : EAST HAMPTON
STATE/ZIP : NY 11937
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,637.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 70.22900
----------------------------------------------------------------
0 0031001209 MORTGAGORS: HENRY PETER
HENRY LESLI
REGION CODE ADDRESS : 351 WESTOVER AVENUE
01 CITY : NORFOLK
STATE/ZIP : VA 23507
MORTGAGE AMOUNT : 308,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,362.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031001274 MORTGAGORS: DENIS MARYSE
REGION CODE ADDRESS : 1400 S. OCEAN DRIVE #1208
01 CITY : HOLLYWOOD
STATE/ZIP : FL 33019
MORTGAGE AMOUNT : 74,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 74,309.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 572.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031002173 MORTGAGORS: MCGINLEY PATRICK
MCGINLEY REGINA
REGION CODE ADDRESS : 10 CHELSEA CIRCLE
01 CITY : RICHBORO
STATE/ZIP : PA 18954
MORTGAGE AMOUNT : 438,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,762.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,102.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,562,600.00
P & I AMT: 11,308.21
UPB AMT: 1,560,430.66
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031002934 MORTGAGORS: MCCORD JOHN
MCCORD PAMELA
REGION CODE ADDRESS : 15018 SNOWDEN DRIVE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,624.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031003106 MORTGAGORS: WHARTON THOMAS
WHARTON DENISE
REGION CODE ADDRESS : 28A TARN DRIVE
01 CITY : PARSIPPANY-TROY HILLS
STATE/ZIP : NJ 07054
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.60199
----------------------------------------------------------------
0 0031004104 MORTGAGORS: HOWELL ROBBIE
HOWELL PAMELA
REGION CODE ADDRESS : 9704 PAR THREE DRIVE
01 CITY : HUTCHINSON
STATE/ZIP : KS 67502
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031005945 MORTGAGORS: MAKOWSKI PHILIP
MAKOWSKI JUDITH
REGION CODE ADDRESS : 104 BATTLE DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,663.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.84400
----------------------------------------------------------------
0 0031006018 MORTGAGORS: DURHAM LYLE
DURHAM DEBORAH
REGION CODE ADDRESS : 21825 NE 194TH STREET
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 256,623.19 OPTION TO CONVERT :
UNPAID BALANCE : 255,636.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/25
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 78.11200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,426,623.19
P & I AMT: 10,355.54
UPB AMT: 1,424,670.32
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031006984 MORTGAGORS: THELANDER DANIEL
THELANDER KAREN
REGION CODE ADDRESS : 922 EAST RANCH ROAD
01 CITY : TEMPE
STATE/ZIP : AZ 85284
MORTGAGE AMOUNT : 265,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,512.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0031006992 MORTGAGORS: CARDOZA GILBERT
REGION CODE ADDRESS : 608 EVANWOOD AVENUE
01 CITY : LA PUENTE AREA, LOS ANGEL
STATE/ZIP : CA 91744
MORTGAGE AMOUNT : 107,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 106,814.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 766.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.25900
----------------------------------------------------------------
0 0031007107 MORTGAGORS: BITTMAN JAMES
BITTMAN DONNA
REGION CODE ADDRESS : 117 SCHOOL STREET
01 CITY : CONCORD
STATE/ZIP : NH 03301
MORTGAGE AMOUNT : 391,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,644.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,771.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031007164 MORTGAGORS: BUYTAS STEPHEN
BUYTAS CHONG
REGION CODE ADDRESS : 15792 EAST GREENWOOD DRIVE
01 CITY : AURORA
STATE/ZIP : CO 80013
MORTGAGE AMOUNT : 107,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 106,954.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031007701 MORTGAGORS: SANDBERG MICHAEL
SANDBERG STEPHANIE
REGION CODE ADDRESS : 5358 CRYSTYL RANCH DRIVE
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,359.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,999.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,157,400.00
P & I AMT: 8,246.20
UPB AMT: 1,155,285.41
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031007826 MORTGAGORS: RICHTER ARNOLD
RICHTER JANET
REGION CODE ADDRESS : 905 WEST DONINGTON STREET
01 CITY : GLENDORA AREA
STATE/ZIP : CA 91740
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.52600
----------------------------------------------------------------
0 0031008303 MORTGAGORS: TAYLOR TERRI
REGION CODE ADDRESS : 2210 BOXWOOD DRIVE
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22043
MORTGAGE AMOUNT : 137,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 137,389.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 950.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031008428 MORTGAGORS: HENDERSON WILLIAM
SIMON ANN
REGION CODE ADDRESS : 92 ADAMS STREET UNIT 1
01 CITY : HOBOKEN
STATE/ZIP : NJ 07030
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031008634 MORTGAGORS: CACERES PEDRO
CACERAS IVETTE
REGION CODE ADDRESS : 142 DUNDEE DRIVE
01 CITY : S.SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,086.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,081.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/17
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.27600
----------------------------------------------------------------
0 0031008659 MORTGAGORS: HAWTHORNE SARA
REGION CODE ADDRESS : 1280 DOLPHIN BAY WAY
01 CITY : SARASOTA
STATE/ZIP : FL 34242
MORTGAGE AMOUNT : 302,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,003.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,245.32 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: 1,234,000.00
P & I AMT: 9,109.21
UPB AMT: 1,231,907.81
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031008691 MORTGAGORS: MEGINNISS JAMES
MEGINNISS NANCY
REGION CODE ADDRESS : 37 MAGNOLIA COURT
01 CITY : NEW HOPE
STATE/ZIP : PA 18938
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,155.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,420.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031009707 MORTGAGORS: CICIO FRANK
CICIO MARIA
REGION CODE ADDRESS : 636 WINDING HOLLOW DRIVE
01 CITY : FRANKLIN LAKES
STATE/ZIP : NJ 07417
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,005.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,991.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 53.57100
----------------------------------------------------------------
0 0031010861 MORTGAGORS: RIMELL FRANKLIN
HENRY JAMIE
REGION CODE ADDRESS : 2611 ASHLEY TERRACE
01 CITY : NEW BRIGHTON
STATE/ZIP : MN 55112
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.27200
----------------------------------------------------------------
0 0031011000 MORTGAGORS: ZARCHIN JAMES
ZARCHIN CATHRINE
REGION CODE ADDRESS : 7208 ROTHERWOOD DRIVE
01 CITY : KNOXVILLE
STATE/ZIP : TN 37919
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,114.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,588.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.27700
----------------------------------------------------------------
0 0031011661 MORTGAGORS: NATHANSON DAVID
NATHANSON GAIL
REGION CODE ADDRESS : 29 VISTA TRAIL
01 CITY : WAYNE
STATE/ZIP : NJ 07470
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.84100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,120,000.00
P & I AMT: 15,061.86
UPB AMT: 2,116,690.29
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031012040 MORTGAGORS: THIO GWAN
THIO PADUMA
REGION CODE ADDRESS : 27531 WOODFIELD PLACE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 281,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,091.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.81900
----------------------------------------------------------------
0 0031012305 MORTGAGORS: BERENS REGINA
REGION CODE ADDRESS : 89 MARY ANN LANE
01 CITY : WYCOFF
STATE/ZIP : NJ 07481
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 : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 71.94200
----------------------------------------------------------------
0 0031013493 MORTGAGORS: MITCHELSON WILLIAM
MITCHELSON MARY
REGION CODE ADDRESS : 151 WESTWOOD ROAD
01 CITY : NORTH FALMOUTH
STATE/ZIP : MA 02556
MORTGAGE AMOUNT : 772,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 770,906.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,530.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031013527 MORTGAGORS: ROGERS G
ROGERS SYLVIA
REGION CODE ADDRESS : 14324 PARADISE POINT ROAD
01 CITY : NORTH PALM BEACH
STATE/ZIP : FL 33410
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,820.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 57.02100
----------------------------------------------------------------
0 0031013733 MORTGAGORS: HENKEL C.
HENKEL THERESA
REGION CODE ADDRESS : 4949 OCEAN DRIVE
01 CITY : CORPUS CHRISTI
STATE/ZIP : TX 78412
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 : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 69.75300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,136,500.00
P & I AMT: 15,491.64
UPB AMT: 2,134,275.51
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031013840 MORTGAGORS: LEHRER JOEL
LEHRER ELIZABETH
REGION CODE ADDRESS : 39 WHITNEY ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02160
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,761.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,702.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031013873 MORTGAGORS: PAPPAS PAUL
REGION CODE ADDRESS : LOT 13 SARGENT QUARRY
01 CITY : AMHERST
STATE/ZIP : NH 03031
MORTGAGE AMOUNT : 234,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,033.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0031013899 MORTGAGORS: ROBERTS ERNEST
ROBERTS PAULA
REGION CODE ADDRESS : 11 CAPE VIEW ROAD
01 CITY : IPSWICH
STATE/ZIP : MA 01938
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.84600
----------------------------------------------------------------
0 0031013907 MORTGAGORS: LUSK CRAIG
LUSK PATRICIA
REGION CODE ADDRESS : 3615 WEST 4700 SOUTH
01 CITY : ROY
STATE/ZIP : UT 84067
MORTGAGE AMOUNT : 67,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 67,089.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 540.71 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 9.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031013923 MORTGAGORS: HARLA WILLIAM
LIMOGES-HARLA JOANNE
REGION CODE ADDRESS : 305 PROSPECT AVENUE
01 CITY : PRINCETON BOROUGH
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,511.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.04800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,225,650.00
P & I AMT: 8,872.58
UPB AMT: 1,224,222.40
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031014475 MORTGAGORS: COOK YVONNA
REGION CODE ADDRESS : 6310 LEDGE MOUNTAIN DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78759
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,544.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.64700
----------------------------------------------------------------
0 0031015357 MORTGAGORS: MC ADAM ALEXANDER
MC ADAM COLLEEN
REGION CODE ADDRESS : 5415 154TH PLACE SOUTHWEST
01 CITY : EDMONDS
STATE/ZIP : WA 98026
MORTGAGE AMOUNT : 239,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,618.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031015365 MORTGAGORS: WISCHHUSEN CHARLES
WISCHHUEN SUSAN
REGION CODE ADDRESS : 46124 BRISTLE CONE COURT
01 CITY : PARKER
STATE/ZIP : CO 80134
MORTGAGE AMOUNT : 296,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,690.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98000
----------------------------------------------------------------
0 0031015381 MORTGAGORS: BLASER MICHAEL
BLASER MARY
REGION CODE ADDRESS : 3413 OMAR LANE
01 CITY : PLANO
STATE/ZIP : TX 75023
MORTGAGE AMOUNT : 106,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 106,656.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 783.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031015423 MORTGAGORS: SCHAEFFER ROBERT
SCHAEFFER STEPHANIE
REGION CODE ADDRESS : 711 GREAT SPRINGS ROAD
01 CITY : BRYN MAWR
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 608,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 607,820.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,357.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,581,900.00
P & I AMT: 11,400.82
UPB AMT: 1,580,330.27
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031015597 MORTGAGORS: JIMENEZ SYLVIA
REGION CODE ADDRESS : 16 PARKGROVE DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 378,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,029.80 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 : 79.99200
----------------------------------------------------------------
0 0031015621 MORTGAGORS: DUFFINS VARO
DUFFINS BONNIE
REGION CODE ADDRESS : 3009 WILLOW OAK DRIVE
01 CITY : GREENSBORO
STATE/ZIP : NC 27408
MORTGAGE AMOUNT : 265,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,523.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,904.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031016108 MORTGAGORS: BREWER GRADY
BREWER MARY
REGION CODE ADDRESS : 2221 DANIELLE DRIVE
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 231,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,955.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,617.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.99500
----------------------------------------------------------------
0 0031016389 MORTGAGORS: SMYTH JAMES
SMYTH JEANNE
REGION CODE ADDRESS : 188 BLIGH STREET
01 CITY : TEWKSBURY
STATE/ZIP : MA 01876
MORTGAGE AMOUNT : 249,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,546.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.28100
----------------------------------------------------------------
0 0031017049 MORTGAGORS: LEEDS STEVEN
HOTT RACHEL
REGION CODE ADDRESS : 43 ARDSLEY ROAD
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07042
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,257.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,367,300.00
P & I AMT: 9,723.11
UPB AMT: 1,365,312.81
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031017072 MORTGAGORS: CAMP WILLIAM
CAMP MALINDA
REGION CODE ADDRESS : 107 HUNTSHIRE TRACE
01 CITY : WARNER ROBINS
STATE/ZIP : GA 31088
MORTGAGE AMOUNT : 262,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,418.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,860.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031017270 MORTGAGORS: DEVOY JOSEPH
REGION CODE ADDRESS : 422 RIDING RIDGE ROAD
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 246,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,551.40 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 0031017577 MORTGAGORS: HENRY JOHN
HENRY SHARON
REGION CODE ADDRESS : 45-081 E LILIPUNA ROAD
01 CITY : KANEOHE
STATE/ZIP : HI 96744
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,494.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.30986
----------------------------------------------------------------
0 0031017783 MORTGAGORS: DI FILIPPO EDWARD
DI FILIPPO PAULA
REGION CODE ADDRESS : 22 JACKIE DRIVE
01 CITY : LONG VALLEY
STATE/ZIP : NJ 07853
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,466.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/22
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.78000
----------------------------------------------------------------
0 0031017916 MORTGAGORS: HUMPHREYS JAMES
HUMPHREYS ROBIN
REGION CODE ADDRESS : 11 ROUND HILL DRIVE
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
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 : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 72.49500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,274,850.00
P & I AMT: 9,308.78
UPB AMT: 1,272,772.98
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031017981 MORTGAGORS: NUTT STACEY
NUTT ALISON
REGION CODE ADDRESS : 3625 ROCKY SHORE DRIVE
01 CITY : VALLEJO
STATE/ZIP : CA 94591
MORTGAGE AMOUNT : 188,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 187,863.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,330.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031018021 MORTGAGORS: SHOEMAKER MICHAEL
SHOEMAKER SHERRIE
REGION CODE ADDRESS : 8197 CASTLEHILL ROAD
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35242
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,409.28 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 : 77.31900
----------------------------------------------------------------
0 0031018542 MORTGAGORS: AUGER DIANNE
AUGER JOSEPH
REGION CODE ADDRESS : 175 PEPPERIDGE CIRCLE
01 CITY : STRATFORD
STATE/ZIP : CT 06497
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031018633 MORTGAGORS: KAPANI VINOD
KAPANI CHANCHAL
REGION CODE ADDRESS : 12007 HOLLY LEAF COURT
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 307,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,060.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,096.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031018690 MORTGAGORS: LAU ALAN
KUBOTA-LAU CORINNE
REGION CODE ADDRESS : 3054 ALA POHA PLACE # 2003
01 CITY : HONOLULU
STATE/ZIP : HI 96818
MORTGAGE AMOUNT : 169,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,146.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,185.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.51800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,354,900.00
P & I AMT: 9,694.26
UPB AMT: 1,353,148.28
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031018849 MORTGAGORS: VASEK DONALD
SWARTZ MERRYANNA
REGION CODE ADDRESS : 3830 GARFIELD STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031019532 MORTGAGORS: BECKER TODD
BECKER EVELYN
REGION CODE ADDRESS : 109 FARDALE AVENUE
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,819.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.94700
----------------------------------------------------------------
0 0031019656 MORTGAGORS: REESE JOE
REESE CAROL
REGION CODE ADDRESS : 5724 EAST 104TH PLACE
01 CITY : TULSA
STATE/ZIP : OK 74137
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,565.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,370.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.94199
----------------------------------------------------------------
0 0031019698 MORTGAGORS: BENTZ BROOKS
REGION CODE ADDRESS : 32 WALL STREET
01 CITY : STONINGTON
STATE/ZIP : CT 06378
MORTGAGE AMOUNT : 381,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,603.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.78800
----------------------------------------------------------------
0 0031019805 MORTGAGORS: NUTTER JONATHAN
NUTTER HEATHER
REGION CODE ADDRESS : 210 OLD FARM ROAD
01 CITY : ABINGTON
STATE/ZIP : MA 02351
MORTGAGE AMOUNT : 232,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,439,000.00
P & I AMT: 10,215.98
UPB AMT: 1,438,206.68
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031019987 MORTGAGORS: GAUDIO MICHAEL
GAUDIO MICHELE
REGION CODE ADDRESS : 189 DRIFTWOOD LANE
01 CITY : TRUMBULL
STATE/ZIP : CT 06611
MORTGAGE AMOUNT : 283,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,389.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,982.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97700
----------------------------------------------------------------
0 0031020787 MORTGAGORS: SHEEHAN JOHN
SHEEHAN KATHLEEN
REGION CODE ADDRESS : 1074 KERWOOD ROAD
01 CITY : WEST CHESTER
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,146.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031021553 MORTGAGORS: HIGH JACK
HIGH DEANNA
REGION CODE ADDRESS : 9613 HEATHER GREEN DRIVE
01 CITY : MANASSAS
STATE/ZIP : VA 20121
MORTGAGE AMOUNT : 237,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,373.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031021629 MORTGAGORS: PECHOTA DONALD
PECHOTA JACQUELINE
REGION CODE ADDRESS : 46 CARNEGIE TRAIL
01 CITY : NAUBINWAY
STATE/ZIP : MI 49762
MORTGAGE AMOUNT : 285,177.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,750.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,110.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.12230
----------------------------------------------------------------
0 0031021876 MORTGAGORS: SACHS MARC
SACHS STACEY
REGION CODE ADDRESS : 7 RANCH PLACE
01 CITY : MERRICK
STATE/ZIP : NY 11566
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,328.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,874.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,299,327.00
P & I AMT: 9,289.53
UPB AMT: 1,296,988.70
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031022015 MORTGAGORS: CHRISTENSEN DOUGLAS
CHRISTENSEN RENEE
REGION CODE ADDRESS : 7950 133RD STREET WEST
01 CITY : APPLE VALLEY
STATE/ZIP : MN 55124
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,801.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031022379 MORTGAGORS: FALVEY ROBERT
FALVEY MICHELE
REGION CODE ADDRESS : 16945 SOUTHEAST 327TH PLACE
01 CITY : AUBURN
STATE/ZIP : WA 98092
MORTGAGE AMOUNT : 242,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,197.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031022544 MORTGAGORS: ROGERS WILLIAM
ROGERS MILISSA
REGION CODE ADDRESS : 5601 VAN WINKLE
01 CITY : AUSTIN
STATE/ZIP : TX 78739
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,866.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031023435 MORTGAGORS: GARRIS DENNIS
GARRIS DONNA
REGION CODE ADDRESS : 7866 KNIGHTSHAYES DR
01 CITY : MANASSAS
STATE/ZIP : VA 20111
MORTGAGE AMOUNT : 292,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,230.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0031023971 MORTGAGORS: SPICER MICHAEL
SPICER KIMBERLY
REGION CODE ADDRESS : 6413 MUSTER COURT
01 CITY : CENTREVILLE
STATE/ZIP : VA 20121
MORTGAGE AMOUNT : 206,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 205,735.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,423.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,264,500.00
P & I AMT: 8,885.07
UPB AMT: 1,262,832.44
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031024037 MORTGAGORS: MERRITT MICHAEL
REGION CODE ADDRESS : 25 HOOKE AVENUE
01 CITY : KINGSTON
STATE/ZIP : NH 03848
MORTGAGE AMOUNT : 324,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,558.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031024433 MORTGAGORS: HUMPHREYS GREGG
HUMPHREYS TERESA
REGION CODE ADDRESS : 9031 N. CROWN RIDGE
01 CITY : FOUNTAIN HILLS
STATE/ZIP : AZ 85268
MORTGAGE AMOUNT : 230,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,782.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,668.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.72700
----------------------------------------------------------------
0 0031024748 MORTGAGORS: CLOSKEY GREGORY
TERRIEN ANN
REGION CODE ADDRESS : 609 WINSFORD ROAD
01 CITY : BRYN MAWR
STATE/ZIP : PA 19010
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 42.17600
----------------------------------------------------------------
0 0031024946 MORTGAGORS: CONINE JIMMY
CONINE DONNA
REGION CODE ADDRESS : 17807 BENCHMARK
01 CITY : DALLAS
STATE/ZIP : TX 75252
MORTGAGE AMOUNT : 124,340.00 OPTION TO CONVERT :
UNPAID BALANCE : 124,163.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 890.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031025257 MORTGAGORS: CHRISTMAN SHAWN
CHRISTMAN MARILYN
REGION CODE ADDRESS : 3039 NW 70TH STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98117
MORTGAGE AMOUNT : 172,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 171,875.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,217.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.78200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,161,240.00
P & I AMT: 8,268.52
UPB AMT: 1,160,161.81
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031025430 MORTGAGORS: ROGERS EUGENE
ROGERS ELIZABETH
REGION CODE ADDRESS : 6102 KIRKLAND DRIVE
01 CITY : WARRENTON
STATE/ZIP : VA 20187
MORTGAGE AMOUNT : 239,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,393.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031025463 MORTGAGORS: KLEIN BENJAMIN
KLEIN ESTHER
REGION CODE ADDRESS : 68 DECATUR AVENUE
01 CITY : MONSEY
STATE/ZIP : NY 10977
MORTGAGE AMOUNT : 322,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,798.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,448.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 89.87400
----------------------------------------------------------------
0 0031025794 MORTGAGORS: BATTISTELLA MICHAEL
BATTISTELLA PATRICIA
REGION CODE ADDRESS : 39 ACKERMAN DRIVE
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,585.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.60700
----------------------------------------------------------------
0 0031026008 MORTGAGORS: OSBORN JOHN
OSBORN KATHLEEN
REGION CODE ADDRESS : 13463 CHRISFIELD
01 CITY : MC CORDSVILLE
STATE/ZIP : IN 46055
MORTGAGE AMOUNT : 264,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,161.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,987.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 62.23500
----------------------------------------------------------------
0 0031026214 MORTGAGORS: RISER RICHARD
RISER JENNY
REGION CODE ADDRESS : 2910 CHESTERFIELD WAY
01 CITY : CONYERS
STATE/ZIP : GA 30013
MORTGAGE AMOUNT : 164,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 163,767.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,174.92 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: 1,290,450.00
P & I AMT: 9,462.55
UPB AMT: 1,288,706.11
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031026313 MORTGAGORS: SCHWAB PHILIP
SCHWAB JEAN
REGION CODE ADDRESS : 126 ROE HAMPTON LANE
01 CITY : ST CHARLES
STATE/ZIP : MO 63304
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,614.80 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 0031026396 MORTGAGORS: LEE STEVEN
LEE LORAINE
REGION CODE ADDRESS : 8611 BALLINGER DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77064
MORTGAGE AMOUNT : 120,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,633.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 875.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031026917 MORTGAGORS: REICHHART DALE
REICHHART ROSE
REGION CODE ADDRESS : 3316 N ROCKY BEACH LANE
01 CITY : MC HENRY
STATE/ZIP : IL 60050
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 : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 51.85100
----------------------------------------------------------------
0 0031027162 MORTGAGORS: HOFSESS ROBERT
HOFSESS DANA
REGION CODE ADDRESS : 5716 SHORTLINE DRIVE
01 CITY : COLUMBIA
STATE/ZIP : MO 65203
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,792.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,274.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.94100
----------------------------------------------------------------
0 0031027733 MORTGAGORS: TRAN PHAT
NGUYEN LORI
REGION CODE ADDRESS : 1316 S. 10TH STREET
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19147
MORTGAGE AMOUNT : 56,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 56,174.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 412.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,109,050.00
P & I AMT: 7,929.32
UPB AMT: 1,107,947.91
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031028681 MORTGAGORS: HAGEN LARRY
HAGEN VICTORIA
REGION CODE ADDRESS : 3852 132 ND AVENUE NORTHEAST
01 CITY : BELLEVUE
STATE/ZIP : WA 98005
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,787.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031028749 MORTGAGORS: LOPEZ JAMES
LOPEZ LYNN
REGION CODE ADDRESS : 6433 WARM SPRINGS ROAD
01 CITY : COLUMBUS
STATE/ZIP : GA 31909
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,677.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031029481 MORTGAGORS: HODEEN ERIC
HODEEN LESLIE
REGION CODE ADDRESS : 1740 GREEN HILL ROAD
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23454
MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,123.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.69400
----------------------------------------------------------------
0 0031029614 MORTGAGORS: ANDERSON RONALD
ANDERSON MARGARITA
REGION CODE ADDRESS : 3732 ROUND TREE WAY
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 245,494.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,302.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,674.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031029630 MORTGAGORS: SHERMAN KATHIE
YDROGO OLGA
REGION CODE ADDRESS : 929 HAZEL COURT
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.39100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,380,994.00
P & I AMT: 9,761.36
UPB AMT: 1,379,639.74
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031029895 MORTGAGORS: GOODWIN JOSEPH
GOODWIN HOPE
REGION CODE ADDRESS : 3505 MIDDLEBROOK DRIVE
01 CITY : DURHAM
STATE/ZIP : NC 27705
MORTGAGE AMOUNT : 249,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,328.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.97700
----------------------------------------------------------------
0 0031029986 MORTGAGORS: KEARNS KIMBERLY
REGION CODE ADDRESS : 3315 GOVERNOR CARROLL COURT
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 243,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,078.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.37900
----------------------------------------------------------------
0 0031030463 MORTGAGORS: BURDEEN MARK
BURDEEN LINDA
REGION CODE ADDRESS : 2816 MEADOWVIEW COURT
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,512.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/17
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.05200
----------------------------------------------------------------
0 0031030570 MORTGAGORS: WEBERSHAPIRO DAVID
WEBERSHAPIRO DIANE
REGION CODE ADDRESS : 99 NORTHGATE AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,419.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 37.73500
----------------------------------------------------------------
0 0031031131 MORTGAGORS: SWIFT LAWRENCE
SWIFT KERRY
REGION CODE ADDRESS : 11429 SENECA FOREST CIRCLE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20876
MORTGAGE AMOUNT : 339,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,657.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,400.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,502,100.00
P & I AMT: 10,897.28
UPB AMT: 1,499,995.68
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031031156 MORTGAGORS: DORSEY THOMAS
DORSEY SHERRY
REGION CODE ADDRESS : 4303 SPOTTED FAWN CIRCLE
01 CITY : HUTTO
STATE/ZIP : TX 78634
MORTGAGE AMOUNT : 95,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,467.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 693.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.97900
----------------------------------------------------------------
0 0031032436 MORTGAGORS: COPPINS KENT
COPPINS LINDA
REGION CODE ADDRESS : 4112 WEST GAZEBO HILL BLVD.
01 CITY : MEQUON
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,765.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 52.26400
----------------------------------------------------------------
0 0031032451 MORTGAGORS: RODRIGUEZ ALFREDO
RODRIGUEZ ILEANA
REGION CODE ADDRESS : 2899 OAK SHADOW DRIVE
01 CITY : OAK HILL
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 333,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,408.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,361.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.96500
----------------------------------------------------------------
0 0031032469 MORTGAGORS: MCKEARNEY ROBERT
MCKEARNEY PEGGY
REGION CODE ADDRESS : 1201 ANNA COVE BLVD
01 CITY : MINERAL
STATE/ZIP : VA 23117
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,810.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,927.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.96600
----------------------------------------------------------------
0 0031032535 MORTGAGORS: TURNER JOHN
TURNER JOAN
REGION CODE ADDRESS : 14 EASTBROOK ROAD
01 CITY : HARRINGTON PARK
STATE/ZIP : NJ 07640
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,776.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 61.40300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,348,250.00
P & I AMT: 9,657.85
UPB AMT: 1,347,229.41
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031032790 MORTGAGORS: PARSONS JOHN
PARSONS LORI
REGION CODE ADDRESS : 1 SENECA FOREST COURT
01 CITY : GERMANTOWN
STATE/ZIP : MD 20876
MORTGAGE AMOUNT : 354,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,935.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,508.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0031033277 MORTGAGORS: PETERSON JOSEPH
REGION CODE ADDRESS : 939 MASSACHUSETTS AVENUE, UNIT 219
01 CITY : ARLINGTON
STATE/ZIP : MA 02174
MORTGAGE AMOUNT : 42,345.00 OPTION TO CONVERT :
UNPAID BALANCE : 42,292.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 321.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 48.67200
----------------------------------------------------------------
0 0031033632 MORTGAGORS: GREENE DENNIS
GREENE STEPHANIE
REGION CODE ADDRESS : 10931 SOUTH GLEN ROBIN LANE
01 CITY : ORANGE
STATE/ZIP : CA 92669
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,508.86 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 : 75.00000
----------------------------------------------------------------
0 0031033913 MORTGAGORS: GULINO KEVIN
GULINO JANE
REGION CODE ADDRESS : 40 STONE ROAD
01 CITY : SUDBURY
STATE/ZIP : MA 01776
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031033954 MORTGAGORS: LUONG SEAN VAN
NGUYEN NU THI
REGION CODE ADDRESS : 785 AVANTE PLAACE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,548.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,458.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 69.79100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,346,795.00
P & I AMT: 9,774.02
UPB AMT: 1,345,068.48
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031034036 MORTGAGORS: ROHRBACH PAUL
ROHRBACH DIANE
REGION CODE ADDRESS : 2848 23RD AVENUE WEST
01 CITY : SEATTLE
STATE/ZIP : WA 98199
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031034069 MORTGAGORS: O'BRAD ROBERTA
REGION CODE ADDRESS : 1000 W. WASHINGTON # 406
01 CITY : CHICAGO
STATE/ZIP : IL 60607
MORTGAGE AMOUNT : 261,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,020.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031034119 MORTGAGORS: WHITEHEAD GREG
WHITEHEAD CLAUDIA
REGION CODE ADDRESS : 164 R TUTTLE ROAD
01 CITY : DURHAM
STATE/ZIP : CT 06422
MORTGAGE AMOUNT : 351,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,490.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,484.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031034176 MORTGAGORS: FRESQUEZ THOMAS
FRESQUEZ GINA
REGION CODE ADDRESS : 25538 SOUTH GOLD RIDGE DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 258,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,656.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.82800
----------------------------------------------------------------
0 0031034200 MORTGAGORS: RUD GILMAN
RUD BARBARA
REGION CODE ADDRESS : 25753 VISTA ROAD
01 CITY : HOLLYWOOD
STATE/ZIP : MD 20636
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,070.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,371,500.00
P & I AMT: 9,794.96
UPB AMT: 1,369,905.38
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031035157 MORTGAGORS: PUCKETT WILLIAM
PUCKETT PEGGY
REGION CODE ADDRESS : 812 EAST FURLONG
01 CITY : LIBERTYVILLE
STATE/ZIP : IL 60048
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031035181 MORTGAGORS: PARSHLEY JOSEPH
PARSHLEY NANCY
REGION CODE ADDRESS : 600 LOWELL STREET
01 CITY : LYNNFIELD
STATE/ZIP : MA 01940
MORTGAGE AMOUNT : 339,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,060.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,430.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031035207 MORTGAGORS: GALLARDO MARIO
GALLARDO MARY ROSE
REGION CODE ADDRESS : 1395 VINCENZO DRIVE
01 CITY : TOMS RIVER
STATE/ZIP : NJ 08753
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,861.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.13500
----------------------------------------------------------------
0 0031035561 MORTGAGORS: BELAIRE JEFFREY
BELAIRE NONNIE
REGION CODE ADDRESS : 16090 TORTOLA CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,393.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031036031 MORTGAGORS: CHESTER BRIAN
CHESTER ALISON
REGION CODE ADDRESS : 3 OLD ARMY ROAD
01 CITY : BERNARDSVILLE
STATE/ZIP : NJ 07924
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,816.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.85700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,502,050.00
P & I AMT: 10,766.53
UPB AMT: 1,501,073.00
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031036445 MORTGAGORS: SULLIVAN SEAN
SULLIVAN TAMMY
REGION CODE ADDRESS : 1743 SILVER CREEK LANE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,480.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,726.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031036908 MORTGAGORS: KRALJIC JOHN
KRALJIC BARBARA
REGION CODE ADDRESS : 7309 E WHISTLING WIND WAY
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 284,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,017.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,086.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98500
----------------------------------------------------------------
0 0031036932 MORTGAGORS: KIRKWOOD ALAN
REGION CODE ADDRESS : 10 ROSEBUD LANE
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,820.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.42000
----------------------------------------------------------------
0 0031037088 MORTGAGORS: ANDERS HARRY
ANDERS DONNA
REGION CODE ADDRESS : 17 RICKLAND DRIVE
01 CITY : WASHINGTON TOWNSHIP
STATE/ZIP : NJ 08080
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,272.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,853.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031037146 MORTGAGORS: HOFFMAN JAMES
HOFFMAN ANN
REGION CODE ADDRESS : 325 INNES WAY
01 CITY : CEDAR RAPIDS
STATE/ZIP : IA 52403
MORTGAGE AMOUNT : 391,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,724.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,801.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.57400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,575,000.00
P & I AMT: 11,502.00
UPB AMT: 1,573,314.95
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031037179 MORTGAGORS: KACZMAREK DAVID
KACZMAREK JUDY
REGION CODE ADDRESS : 110 S. FAIRVIEW
01 CITY : PARK RIDGE
STATE/ZIP : IL 60068
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,268.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031037203 MORTGAGORS: DIGIACINTO MICHAEL
DIGIACINTO GLINDA
REGION CODE ADDRESS : 806 BUCKHILL DRIVE
01 CITY : MCKINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 124,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 123,819.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 877.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031037328 MORTGAGORS: ROBERTS HOLLY
REGION CODE ADDRESS : 1717 N 90TH STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98103
MORTGAGE AMOUNT : 123,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 123,420.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 874.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031037351 MORTGAGORS: KENT RONALD
KENT MISTY
REGION CODE ADDRESS : 2702 CASCADE COURT
01 CITY : ROWLETT
STATE/ZIP : TX 75088
MORTGAGE AMOUNT : 161,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 161,682.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,187.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.97800
----------------------------------------------------------------
0 0031037625 MORTGAGORS: SMITH STEPHEN
HANAFIN HILARY
REGION CODE ADDRESS : 6335 RIGGS PLACE
01 CITY : LOS ANGELES
STATE/ZIP : PA 90045
MORTGAGE AMOUNT : 504,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 503,625.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,524.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,242,000.00
P & I AMT: 8,817.93
UPB AMT: 1,240,816.56
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031038516 MORTGAGORS: EDWARDS JOHN
EDWARDS JUDY
REGION CODE ADDRESS : 7916 ANCHOR STREET
01 CITY : FRISCO
STATE/ZIP : TX 75035
MORTGAGE AMOUNT : 118,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 118,327.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 838.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031038722 MORTGAGORS: CARRIA JOHN
CARRIA WENDY
REGION CODE ADDRESS : 2017 HANSON LANE
01 CITY : WOODBRIDGE
STATE/ZIP : VA 22191
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,747.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.70900
----------------------------------------------------------------
0 0031038839 MORTGAGORS: PICKEN TIMOTHY
REGION CODE ADDRESS : 4 POINTE VIEW CIRCLE
01 CITY : MEDFORD
STATE/ZIP : NJ 08055
MORTGAGE AMOUNT : 257,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,062.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031039084 MORTGAGORS: RICHTMAN MAX
MANIET MONIQUE
REGION CODE ADDRESS : 11000 ROCK RUN DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,620.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,715.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.87400
----------------------------------------------------------------
0 0031039159 MORTGAGORS: GRAMZ MARK
GRAMZ LAURENE
REGION CODE ADDRESS : 39915 CEDAR LANE
01 CITY : OCONOMOWOC
STATE/ZIP : WI 53066
MORTGAGE AMOUNT : 364,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,354.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,676.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99561
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,605,600.00
P & I AMT: 11,519.22
UPB AMT: 1,604,112.33
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031039175 MORTGAGORS: BEATTY BRUCE
BEATTY MARSHA
REGION CODE ADDRESS : 3010 STILL MEADOW DRIVE
01 CITY : LWR PROVIDENCE TWP
STATE/ZIP : PA 19426
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031039399 MORTGAGORS: BRACUTI THOMAS
BRACUTI JEANETTE
REGION CODE ADDRESS : 7 HICKORY LANE
01 CITY : WALDWICK
STATE/ZIP : NJ 07463
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.88800
----------------------------------------------------------------
0 0031039589 MORTGAGORS: CRAIG STEVEN
REGION CODE ADDRESS : 7723 TIBURON TRAIL
01 CITY : SUGAR LAND
STATE/ZIP : TX 77479
MORTGAGE AMOUNT : 332,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,067.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031039597 MORTGAGORS: AIELLO PETER
AIELLO THERESA
REGION CODE ADDRESS : 131 WARREN ROAD
01 CITY : SAN MATEO
STATE/ZIP : CA 94401
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,576.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,298.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0031039670 MORTGAGORS: PODGORETSKY OLEG
PODGORETSKAYA TANIA
REGION CODE ADDRESS : 2792 FARIBA COURT
01 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 269,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,554.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,679,950.00
P & I AMT: 12,080.06
UPB AMT: 1,678,356.66
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031039860 MORTGAGORS: ANDERSON JEFFREY
WINGATE-ANDERSON CARRISA
REGION CODE ADDRESS : 139 ARTHUR COURT
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 355,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,336.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.55400
----------------------------------------------------------------
0 0031040223 MORTGAGORS: RUSS LEONARD
MEYER LINDA
REGION CODE ADDRESS : 8 WINDRUSH LANE
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,552.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,712.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031040249 MORTGAGORS: COONEY ROBERT
COONEY ROBIN
REGION CODE ADDRESS : 13051 OLD ANNAPOLIS RD
01 CITY : MT AIRY
STATE/ZIP : MD 21771
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.55600
----------------------------------------------------------------
0 0031040371 MORTGAGORS: GRANT WILLIAM
GRANT JANET
REGION CODE ADDRESS : 78 BULLOCK ROAD
01 CITY : CHADDS FORD
STATE/ZIP : PA 19317
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,150.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.09300
----------------------------------------------------------------
0 0031040421 MORTGAGORS: LOMBARDO JOHN
LOMBARDO DARCI
REGION CODE ADDRESS : 559 FAIRWAY DRIVE
01 CITY : GLENEDEN BEACH
STATE/ZIP : OR 97388
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,967.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.63 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: 1,773,600.00
P & I AMT: 12,660.56
UPB AMT: 1,771,605.42
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031040439 MORTGAGORS: WATSON DARYL
WATSON LISA
REGION CODE ADDRESS : 10605 WOODPOINTE TERRACE
01 CITY : GLENN DALE
STATE/ZIP : MD 20769
MORTGAGE AMOUNT : 177,280.00 OPTION TO CONVERT :
UNPAID BALANCE : 177,151.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,254.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031040603 MORTGAGORS: WAKEWOOD PETER
REGION CODE ADDRESS : 1313 WILLIAMS STREET #1101
01 CITY : DENVER
STATE/ZIP : CO 80218
MORTGAGE AMOUNT : 70,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 69,905.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 513.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0031040629 MORTGAGORS: TORRES REINALDO
TORRES ANN
REGION CODE ADDRESS : 2900 ALLIANCE TRAIL
01 CITY : HASLET
STATE/ZIP : TX 76052
MORTGAGE AMOUNT : 142,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 142,699.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,023.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041379 MORTGAGORS: LAKIN GARY
LAKIN MARCIE
REGION CODE ADDRESS : 110 HONEY BEE LANE
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78231
MORTGAGE AMOUNT : 241,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,536.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0031041726 MORTGAGORS: MCCULLUM KEVIN
MCCULLUM NANCY
REGION CODE ADDRESS : 1050 WYNDWARD COURT
01 CITY : YORK
STATE/ZIP : PA 17403
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,785.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.29400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 951,130.00
P & I AMT: 6,866.42
UPB AMT: 950,078.23
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031041882 MORTGAGORS: OLBINA MARK
OLBINA KAREN
REGION CODE ADDRESS : 87 WOODSTORK LANE
01 CITY : FERNANDINA BEACH
STATE/ZIP : FL 32034
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031041940 MORTGAGORS: PACK DAINA
PACK JAMES
REGION CODE ADDRESS : 750 OAKWILDE COURT
01 CITY : MILLERSVILLE
STATE/ZIP : MD 21108
MORTGAGE AMOUNT : 239,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,002.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.31400
----------------------------------------------------------------
0 0031042146 MORTGAGORS: HESSE FREDERICK
HESSE SUSAN
REGION CODE ADDRESS : 9 WINDWOOD ROAD
01 CITY : BROOKFIELD
STATE/ZIP : CT 06804
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,789.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031042765 MORTGAGORS: ADAMS DAVID
ADAMS JOANNE
REGION CODE ADDRESS : 3249 HISTORY DRIVE
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 308,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,582.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031042831 MORTGAGORS: SULLIVAN DAVID
SULLIVAN LOIS
REGION CODE ADDRESS : 106 TUNBRIDGE ROAD
01 CITY : BALTIMORE
STATE/ZIP : MD 21212
MORTGAGE AMOUNT : 247,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,328,400.00
P & I AMT: 9,445.20
UPB AMT: 1,327,293.27
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031043102 MORTGAGORS: MILLER KATHY
REGION CODE ADDRESS : 2701 VAN NESS AVENUE #402
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94109
MORTGAGE AMOUNT : 155,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 155,584.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,129.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.21621
----------------------------------------------------------------
0 0031043128 MORTGAGORS: IVES TERRENCE
IVES GLORIA
REGION CODE ADDRESS : 314 FRANKLIN COURT
01 CITY : MALVERN
STATE/ZIP : PA 19355
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 : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.41800
----------------------------------------------------------------
0 0031043185 MORTGAGORS: MATHEWS DAVID
FRENCH LISA
REGION CODE ADDRESS : 7900 HIGH HOLLOW
01 CITY : AUSTIN
STATE/ZIP : TX 78750
MORTGAGE AMOUNT : 247,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,706.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.89400
----------------------------------------------------------------
0 0031043235 MORTGAGORS: JONES ARTHUR
REGION CODE ADDRESS : 3052 NELSON STREET
01 CITY : LAKEWOOD
STATE/ZIP : CO 80215
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 : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 70.58823
----------------------------------------------------------------
0 0031043490 MORTGAGORS: CHRISTIANSEN STEPHEN
CHRISTIANSEN KAREN
REGION CODE ADDRESS : 5721 BLAKE ROAD
01 CITY : EDINA
STATE/ZIP : MN 55436
MORTGAGE AMOUNT : 343,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,412.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,463.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,307,600.00
P & I AMT: 9,270.54
UPB AMT: 1,306,050.62
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031043565 MORTGAGORS: LLANSO CARLOS
LLANSO CATHLEEN
REGION CODE ADDRESS : 119 MOFFETT STREET
01 CITY : LANCASTER
STATE/ZIP : MA 01523
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.80600
----------------------------------------------------------------
0 0031043599 MORTGAGORS: ZAHNOW LARRY
ZAHNOW KARRON
REGION CODE ADDRESS : 1303 28TH AVENUE
01 CITY : MILTON
STATE/ZIP : WA 98354
MORTGAGE AMOUNT : 469,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 469,014.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,569.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031043771 MORTGAGORS: SCHULENBURG ERIC
SCHULENBURG BARBARA
REGION CODE ADDRESS : 54 W. CENTER AVENUE
01 CITY : LAKE BLUFF
STATE/ZIP : IL 60044
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.51282
----------------------------------------------------------------
0 0031043805 MORTGAGORS: WITHROW STEPHEN
WITHROW DONNA
REGION CODE ADDRESS : 2206 LUKEWOOD DRIVE
01 CITY : CHANHASSEN
STATE/ZIP : MN 55317
MORTGAGE AMOUNT : 284,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,199.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031043987 MORTGAGORS: SWEENEY BRIAN
REGION CODE ADDRESS : 18 HEATH TERRACE
01 CITY : CORTLANDT MANOR
STATE/ZIP : NY 10566
MORTGAGE AMOUNT : 137,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 137,502.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 985.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.76811
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,430,600.00
P & I AMT: 10,453.18
UPB AMT: 1,429,335.64
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031044092 MORTGAGORS: MONSEY ROBERT
COOK TONI
REGION CODE ADDRESS : 166 CANNON POINT ROAD
01 CITY : CHARLOTTE
STATE/ZIP : VT 05445
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,842.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.48200
----------------------------------------------------------------
0 0031044654 MORTGAGORS: MARGOLIS DANIEL
MARGOLIS PATRICIA
REGION CODE ADDRESS : 24 STEDMAN STREET
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.59900
----------------------------------------------------------------
0 0031044944 MORTGAGORS: BORNE ALAN
BORNE CAROLE
REGION CODE ADDRESS : 1522 CHERRY LAKE WAY
01 CITY : HEATHROW
STATE/ZIP : FL 32746
MORTGAGE AMOUNT : 258,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,422.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0031044951 MORTGAGORS: BURGE LARRY
BURGE CHRISTINE
REGION CODE ADDRESS : 1417 TROUVILLE AVENUE
01 CITY : NORFOLK
STATE/ZIP : VA 23505
MORTGAGE AMOUNT : 263,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,909.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 82.73500
----------------------------------------------------------------
0 0031044977 MORTGAGORS: BROCKMANN TODD
BROCKMANN ALESE
REGION CODE ADDRESS : 17202 LE FORET COURT
01 CITY : WILDWOOD
STATE/ZIP : MO 63038
MORTGAGE AMOUNT : 184,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 183,895.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,335.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99565
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,397,850.00
P & I AMT: 10,063.97
UPB AMT: 1,396,802.44
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031044985 MORTGAGORS: HA THONG
NGUYEN BICHNGOC
REGION CODE ADDRESS : 9809 SHARON COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22032
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,665.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,754.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.86700
----------------------------------------------------------------
0 0031045057 MORTGAGORS: WATT J.
WATT KATHLEEN
REGION CODE ADDRESS : 1078 NAPOLI DRIVE
01 CITY : LOS ANGELES,(PACIFIC PALI
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 999,276.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,077.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 27.02700
----------------------------------------------------------------
0 0031045099 MORTGAGORS: MARTIN WINFRED
REGION CODE ADDRESS : 1602 CUTTER LANE
01 CITY : PARK CITY
STATE/ZIP : UT 84098
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,009.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031045214 MORTGAGORS: KOVACH EDWARD
KOVACH SUSAN
REGION CODE ADDRESS : 2454 SARANAC LANE
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.96500
----------------------------------------------------------------
0 0031045248 MORTGAGORS: TANG TAK
TANG RAINA
REGION CODE ADDRESS : 10 WINTER STREET
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,044,600.00
P & I AMT: 14,580.59
UPB AMT: 2,043,139.81
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031045297 MORTGAGORS: ENRIGHT WILLIAM
ENRIGHT SANDRA
REGION CODE ADDRESS : 301 BOCA CIEGA DRIVE
01 CITY : MADEIRA BEACH
STATE/ZIP : FL 33708
MORTGAGE AMOUNT : 132,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 131,839.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,014.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031045321 MORTGAGORS: BATE THOMAS
BATE JEAN
REGION CODE ADDRESS : 6 CREEKMERE DRIVE
01 CITY : TROPHY CLUB
STATE/ZIP : TX 76262
MORTGAGE AMOUNT : 125,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 125,422.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 899.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031045446 MORTGAGORS: SZAFRANSKI RICHARD
SZAFRANSKI EDITH
REGION CODE ADDRESS : 10228 BRITTENFORD DRIVE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 372,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,966.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,571.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031045453 MORTGAGORS: PASUPULETI SURENDRA
PASUPULETI VIJAYA
REGION CODE ADDRESS : 23408 JUNIPER AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 365,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,221.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.93600
----------------------------------------------------------------
0 0031045487 MORTGAGORS: REILLY TIMOTHY
REILLY CATHLEEN
REGION CODE ADDRESS : 147 MAIN STREET
01 CITY : ROCKPORT
STATE/ZIP : MA 01966
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,803.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,260,350.00
P & I AMT: 8,863.17
UPB AMT: 1,259,253.57
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031045636 MORTGAGORS: O'CONNELL DAVID
BERMUDEZ PATRICIA
REGION CODE ADDRESS : 23303 WEST SUNNYVALE COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 184,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 183,758.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,366.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031045685 MORTGAGORS: GHIM CALEB
GHIM HEEJA
REGION CODE ADDRESS : 1532 SUNRISE CIRCLE
01 CITY : BOULDER CITY
STATE/ZIP : NV 89005
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.14814
----------------------------------------------------------------
0 0031045891 MORTGAGORS: VAUGHN RICHARD
GUSSARDO NEIL
REGION CODE ADDRESS : 80 CASTRO STREET
01 CITY : SAN FRANSISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,793.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031045982 MORTGAGORS: PALU MICHAEL
PALU INGRID
REGION CODE ADDRESS : 318 EL PASEO
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,740.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.26200
----------------------------------------------------------------
0 0031045990 MORTGAGORS: HAIR RALPH
HAIR PATRICIA
REGION CODE ADDRESS : 2601 WEST POINT
01 CITY : MC KINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 341,781.12 OPTION TO CONVERT :
UNPAID BALANCE : 340,736.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,501.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.48300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,405,781.12
P & I AMT: 10,111.87
UPB AMT: 1,403,861.56
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031046030 MORTGAGORS: COUTURE DANIEL
COUTURE MICHELLE
REGION CODE ADDRESS : 4107 ROSEBUD COURT
01 CITY : DALWORTHINGTON GARDENS
STATE/ZIP : TX 76016
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,327.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031046055 MORTGAGORS: ODGERS ALAN
REGION CODE ADDRESS : 550 BIRCHAM WAY
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 250,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,113.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031046337 MORTGAGORS: WASHBURN CATHY
WASHBURN DAVID
REGION CODE ADDRESS : 29 WASHBURN STREET
01 CITY : NORTHBOROUGH
STATE/ZIP : MA 01532
MORTGAGE AMOUNT : 231,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,744.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.96500
----------------------------------------------------------------
0 0031046493 MORTGAGORS: SUTTON KATHRYN
SUTTON JOHN
REGION CODE ADDRESS : 10921 LAMPLIGHTER LANE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 447,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,934.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,204.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031046501 MORTGAGORS: JENNINGS KELLYE
JENNINGS ROBERT
REGION CODE ADDRESS : 7969 BLITZ COURT
01 CITY : DUNN LORING
STATE/ZIP : VA 22027
MORTGAGE AMOUNT : 387,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,112.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,708.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,573,500.00
P & I AMT: 11,247.80
UPB AMT: 1,572,232.32
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031046576 MORTGAGORS: SHAW BRENT
FIRM WILLIAM
REGION CODE ADDRESS : 1301 AMBERDALE COURT
01 CITY : ANTIOCH
STATE/ZIP : CA 94509
MORTGAGE AMOUNT : 269,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,146.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.98060
----------------------------------------------------------------
0 0031046626 MORTGAGORS: KALINOWSKI THOMAS
BRENNAN PATRICIA
REGION CODE ADDRESS : 43778 ABBOTT PLACE
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,423.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98683
----------------------------------------------------------------
0 0031046790 MORTGAGORS: SANABRIA PAUL
SANABRIA MARIBETH
REGION CODE ADDRESS : 22 RUTGERS ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,397.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.07200
----------------------------------------------------------------
0 0031047095 MORTGAGORS: DOLLENMAYER BRIAN
REGION CODE ADDRESS : 2827 CAPELLA WAY
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 245,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,735.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.57600
----------------------------------------------------------------
0 0031047129 MORTGAGORS: DUCKWORTH GREGORY
DUCKWORTH DEVEAUX
REGION CODE ADDRESS : 32 FLETCHER ROAD
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,728.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,971.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.05200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,653,200.00
P & I AMT: 11,942.13
UPB AMT: 1,652,033.09
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031047145 MORTGAGORS: MOYNIHAN PHILIP
MOYNIHAN ANNEMARIE
REGION CODE ADDRESS : 30 SEVINOR ROAD
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 245,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031047160 MORTGAGORS: CARON RONALD
REGION CODE ADDRESS : 6 EAGLE LANE
01 CITY : BEVERLY
STATE/ZIP : MA 01915
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,816.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,163.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047194 MORTGAGORS: OSMANN ERIC
REGION CODE ADDRESS : 147 BLUE SPRUCE ROAD
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031047277 MORTGAGORS: SAKAHARA MICHAEL
SLOMA KRISA
REGION CODE ADDRESS : 11509 WATERHAVEN COURT
01 CITY : RESTON
STATE/ZIP : VA 20190
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047343 MORTGAGORS: CHASSEREAU WAYNE
CHASSEREAU RYAN
REGION CODE ADDRESS : 54 RUNNING FOX
01 CITY : COLUMBIA
STATE/ZIP : SC 29223
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,648.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.07800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,330,750.00
P & I AMT: 9,637.35
UPB AMT: 1,329,840.55
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031047533 MORTGAGORS: KEEGAN SHARRON
REGION CODE ADDRESS : 660 FENLEY AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,235.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047830 MORTGAGORS: COOPER STEVE
COOPER ANNALISA
REGION CODE ADDRESS : 5932 ROCKHOLD DRIVE
01 CITY : DEALE
STATE/ZIP : MD 20751
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,377.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031047889 MORTGAGORS: JACKSON BRIAN
JACKSON SUZANNE
REGION CODE ADDRESS : 5925 LEANING ROCK PLACE
01 CITY : CUMMING
STATE/ZIP : GA 30131
MORTGAGE AMOUNT : 299,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,865.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.77200
----------------------------------------------------------------
0 0031047913 MORTGAGORS: MANDEL HOWIE
MANDEL TERRY
REGION CODE ADDRESS : 24710 ROBERT GUY ROAD
01 CITY : HIDDEN HILLS
STATE/ZIP : CA 91302
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 : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 31.38800
----------------------------------------------------------------
0 0031047970 MORTGAGORS: LAMB DANIEL
LAMB ERIN
REGION CODE ADDRESS : 45340 SUMMIT
01 CITY : W LYNN
STATE/ZIP : OR 97068
MORTGAGE AMOUNT : 279,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,522.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,626,400.00
P & I AMT: 11,609.85
UPB AMT: 1,624,622.74
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031048127 MORTGAGORS: OWENS KRISTI
REGION CODE ADDRESS : 401 THUNDERBROOK ROAD
01 CITY : GARLAND
STATE/ZIP : TX 75044
MORTGAGE AMOUNT : 112,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 112,445.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 808.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031048184 MORTGAGORS: GROTH DENNIS
GROTH CHRISTINE
REGION CODE ADDRESS : 511 LANNON LANE
01 CITY : BETHLEHEM TOWNSHIP
STATE/ZIP : NJ 08826
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,786.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.91525
----------------------------------------------------------------
0 0031048259 MORTGAGORS: OWENS STEVEN
OWENS CONNIE
REGION CODE ADDRESS : 2039 VIA MONTECITO
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 303,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,341.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031048317 MORTGAGORS: BENDIX STEPHEN
BENDIX LAUREN
REGION CODE ADDRESS : 4149 STRATHDALE
01 CITY : WEST BLOOMFIELD
STATE/ZIP : MI 48323
MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,685.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,188.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.46100
----------------------------------------------------------------
0 0031048374 MORTGAGORS: IRANI HORMUZ
IRANI RHODA
REGION CODE ADDRESS : 10905 TERRYVIEW DRIVE
01 CITY : STUDIO CITY AREA
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,829.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 69.58900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,395,550.00
P & I AMT: 10,022.64
UPB AMT: 1,394,089.31
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031048465 MORTGAGORS: BURKE ROBERT
BURKE ALYCE
REGION CODE ADDRESS : 10211 NORTH TRILLIUM ROAD
01 CITY : MEQUON
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,763.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,399.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.04800
----------------------------------------------------------------
0 0031048812 MORTGAGORS: SIMS JOHN
ESPEDAL PATRICIA
REGION CODE ADDRESS : 4207 43RD AVENUE NORTHEAST
01 CITY : SEATTLE
STATE/ZIP : WA 98105
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,738.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,650.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.88900
----------------------------------------------------------------
0 0031048937 MORTGAGORS: SWAROOP ROBERT
SWAROOP ALEXANDRA
REGION CODE ADDRESS : 3475 EDGEFIELD PLACE
01 CITY : CARMEL
STATE/ZIP : CA 93923
MORTGAGE AMOUNT : 496,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,641.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,510.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031048952 MORTGAGORS: WARMINGTON EDWARD
REGION CODE ADDRESS : 39599 LAKE DRIVE
01 CITY : BIG BEAR LAKE
STATE/ZIP : CA 92315
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,089.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,157.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
0 0031049166 MORTGAGORS: SEBASTIAN DAVID
SEBASTIAN CAROLYN
REGION CODE ADDRESS : 82 MOUNTAIN AVENUE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.58100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,823,500.00
P & I AMT: 13,046.80
UPB AMT: 1,822,232.59
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031049174 MORTGAGORS: LEVY HOWARD
LEVY ELLEN
REGION CODE ADDRESS : 76 JOHNSON PLACE
01 CITY : WOODMERE
STATE/ZIP : NY 11598
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,790.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.45200
----------------------------------------------------------------
0 0031049208 MORTGAGORS: MUELEMA KARL
MUELEMA ELMA
REGION CODE ADDRESS : 1133 VALLEY QUAIL CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
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 : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031049414 MORTGAGORS: STERLING JAMES
STERLING TONI
REGION CODE ADDRESS : 114 RIDGEWOOD DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,690.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 70.14400
----------------------------------------------------------------
0 0031049455 MORTGAGORS: MARKUS RICHARD
MARKUS NIKI
REGION CODE ADDRESS : 21 LAURELWOOD
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 273,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,722.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031049513 MORTGAGORS: CARRASCO ALBERT
CARRASCO CYNTHIA
REGION CODE ADDRESS : 1319 LAKERIDGE LANE
01 CITY : IRVING
STATE/ZIP : TX 75063
MORTGAGE AMOUNT : 136,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 136,546.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 943.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,441,750.00
P & I AMT: 10,248.03
UPB AMT: 1,440,368.84
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031049547 MORTGAGORS: BRIGHT EARL
BRIGHT CAMMIE
REGION CODE ADDRESS : 1061 WOODBINE WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,997.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,057.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031049646 MORTGAGORS: LOCKE MICHAEL
LOCKE LISA
REGION CODE ADDRESS : 6827 WINCHESTER STREET
01 CITY : DALLAS
STATE/ZIP : TX 75231
MORTGAGE AMOUNT : 113,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 113,120.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 810.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031049679 MORTGAGORS: MIZUSAWA GEORGE
MIZUSAWA PENNY
REGION CODE ADDRESS : 1704 COPPER CREEK DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75075
MORTGAGE AMOUNT : 90,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 90,671.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 650.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031049745 MORTGAGORS: KLAGES KEVIN
KLAGES PAULA
REGION CODE ADDRESS : 1111 GREENWOOD RIDGE COURT
01 CITY : BEL AIR
STATE/ZIP : MD 21014
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,813.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.10400
----------------------------------------------------------------
0 0031049786 MORTGAGORS: KENNEDY RICHARD
KENNEDY PATRICIA
REGION CODE ADDRESS : 2006 CARRHILL ROAD
01 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 400,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,037.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,731.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.27700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,130,550.00
P & I AMT: 7,880.52
UPB AMT: 1,129,640.04
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031049919 MORTGAGORS: BEYER CHARLES
BEYER SHARI
REGION CODE ADDRESS : 4624 MADERO DRIVE
01 CITY : MEQUAN
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 522,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 521,640.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,784.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.20400
----------------------------------------------------------------
0 0031050024 MORTGAGORS: LAL AJIT
LAL SATMA
REGION CODE ADDRESS : 128-130 N GRANT
01 CITY : SAN MATEO
STATE/ZIP : CA 94401
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,570.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,170.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.91000
----------------------------------------------------------------
0 0031050099 MORTGAGORS: RAMSARAN KRISHNA
RAMSARAN ELVA
REGION CODE ADDRESS : 740 LA SOLANA DRIVE
01 CITY : REDLANDS
STATE/ZIP : CA 92373
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,598.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,186.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.46600
----------------------------------------------------------------
0 0031050420 MORTGAGORS: BOARDMAN BRAD
BOARDMAN LORI
REGION CODE ADDRESS : 30738 CONIFER MOUNTAIN DRIVE
01 CITY : CONIFER
STATE/ZIP : CO 80433
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,897.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,202.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 54.60700
----------------------------------------------------------------
0 0031050545 MORTGAGORS: FELICISSIMO PAUL
FELICISSIMO LISA
REGION CODE ADDRESS : 7 BITTERN DRIVE
01 CITY : NANUET
STATE/ZIP : NY 10954
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,571,000.00
P & I AMT: 11,432.45
UPB AMT: 1,569,708.40
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031050560 MORTGAGORS: MCAVOY NORMAN
MCAVOY CATHERINE
REGION CODE ADDRESS : 905 MOUNT MORO ROAD (905 STOKE RD)
01 CITY : VILLANOVA
STATE/ZIP : PA 19085
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 41.00500
----------------------------------------------------------------
0 0031050883 MORTGAGORS: TURNER STEPHEN
TURNER CHRISTINE
REGION CODE ADDRESS : 2210 KELZER POND DRIVE
01 CITY : VICTORIA
STATE/ZIP : MN 55386
MORTGAGE AMOUNT : 287,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,521.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.97777
----------------------------------------------------------------
0 0031051238 MORTGAGORS: HOFSTEIN MICHAEL
REGION CODE ADDRESS : 3350 BERRY DRIVE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,803.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.35600
----------------------------------------------------------------
0 0031051261 MORTGAGORS: JOHNSON J.
JOHNSON CONNIE
REGION CODE ADDRESS : 25741 KNOTTY PINE ROAD
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 176,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,763.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,291.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031051352 MORTGAGORS: SPARKS DAN
SPARKS CHERYL
REGION CODE ADDRESS : 20672 PASEO DE LA CUMBRE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,302.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,160.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.62500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,397,920.00
P & I AMT: 10,202.30
UPB AMT: 1,396,651.44
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031051493 MORTGAGORS: BRANCH MINDY
BRANCH DOUGLAS
REGION CODE ADDRESS : 1404 TRINITY COURT
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 201,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 201,292.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,374.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------
0 0031051519 MORTGAGORS: HOLDER PATRICK
HOLDER LEE
REGION CODE ADDRESS : 304 YORKSHIRE DRIVE
01 CITY : WILLIAMSBURG
STATE/ZIP : VA 23185
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,997.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,057.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031051584 MORTGAGORS: MAXWELL D.
MAXWELL JEANNE
REGION CODE ADDRESS : 1 WINSLOW PLACE
01 CITY : CHAPEL HILL
STATE/ZIP : NC 27514
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,670.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,606.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 92.65300
----------------------------------------------------------------
0 0031051600 MORTGAGORS: DWYER MICHAEL
DWYER CHRISTINE
REGION CODE ADDRESS : 15006 WHITETAIL WAY
01 CITY : DARNESTOWN
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,300.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031051725 MORTGAGORS: MC GUFFIN DONALD
MC GUFFIN LORI
REGION CODE ADDRESS : 1 LEXINGTON COURT
01 CITY : VOORHEES
STATE/ZIP : NJ 08043
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,036.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,251,550.00
P & I AMT: 8,868.01
UPB AMT: 1,250,296.94
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031051782 MORTGAGORS: DICKSON DAVE
DICKSON LISA
REGION CODE ADDRESS : 6206 TULIP LANE
01 CITY : DALLAS
STATE/ZIP : TX 75230
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,667.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,255.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.83400
----------------------------------------------------------------
0 0031051824 MORTGAGORS: SPINELLI WALTER
SPINELLI LYDIA
REGION CODE ADDRESS : 6 ORIENT WAY
01 CITY : NORTH CALDWELL
STATE/ZIP : NJ 07006
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031051998 MORTGAGORS: HOLLAND MARY
REGION CODE ADDRESS : 425 CROOKED CREEK
01 CITY : GARLAND
STATE/ZIP : TX 75043
MORTGAGE AMOUNT : 107,940.00 OPTION TO CONVERT :
UNPAID BALANCE : 107,790.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 782.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031052053 MORTGAGORS: LOKEY ROBERT
LOKEY JENNIFER
REGION CODE ADDRESS : 111 OLD MILL ROAD
01 CITY : FAIRHOPE
STATE/ZIP : AL 36532
MORTGAGE AMOUNT : 283,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,489.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,983.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.65600
----------------------------------------------------------------
0 0031052269 MORTGAGORS: LINN STEVEN
RAINES LINDSLEY
REGION CODE ADDRESS : 65 JEWETT DRIVE
01 CITY : CINCINNATI
STATE/ZIP : OH 45215
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,369,640.00
P & I AMT: 9,711.31
UPB AMT: 1,368,761.13
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031052285 MORTGAGORS: GREEN MICHAEL
GREEN JOAN
REGION CODE ADDRESS : 23250 W LEA COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91355
MORTGAGE AMOUNT : 257,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,947.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031052350 MORTGAGORS: VAN ANDA STEVEN
REGION CODE ADDRESS : 28020 NORTH LIANA LANE
01 CITY : VALENCIA
STATE/ZIP : CA 91355
MORTGAGE AMOUNT : 245,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,794.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031052384 MORTGAGORS: KOVAL RONALD
KOVAL MARILYN
REGION CODE ADDRESS : 3410 RIVER VIEW BLVD
01 CITY : BRADENTON
STATE/ZIP : FL 34205
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,518.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,072.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031052475 MORTGAGORS: SKOUSAN RICHARD
SKOUSAN KELLI
REGION CODE ADDRESS : 3845 E. DOVER STREET
01 CITY : MESA
STATE/ZIP : AZ 85205
MORTGAGE AMOUNT : 124,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 123,914.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 899.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031052574 MORTGAGORS: COTTER DANIEL
COTTER ELIZABETH
REGION CODE ADDRESS : 21109 AVALON DRIVE
01 CITY : ROCKY RIVER
STATE/ZIP : OH 44116
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 : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.17300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,382,500.00
P & I AMT: 9,534.03
UPB AMT: 1,381,174.33
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031052673 MORTGAGORS: RASMUSSON BRAD
RASMUSSON KISMET
REGION CODE ADDRESS : 1402 EAST PERRY'S HOLLOW DR.
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84103
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031052681 MORTGAGORS: CARTER RONALD
CARTER LINDA
REGION CODE ADDRESS : 43876 LAUREL RIDGE DRIVE
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 202,888.00 OPTION TO CONVERT :
UNPAID BALANCE : 202,729.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,384.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031052707 MORTGAGORS: OTTO KEVIN
REGION CODE ADDRESS : 9443 WESTERN TRAIL
01 CITY : IRVING
STATE/ZIP : TX 75063
MORTGAGE AMOUNT : 144,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 144,684.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 975.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031052731 MORTGAGORS: BANERJI SOUMYA
BANERJI TOPIA
REGION CODE ADDRESS : 22 CHRISTIAN DRIVE
01 CITY : EAST BRUNSWICK
STATE/ZIP : NJ 08816
MORTGAGE AMOUNT : 253,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031052798 MORTGAGORS: KOONTZ DOUGLAS
KOONTZ BETSY
REGION CODE ADDRESS : 4112 QUAIL PARK DRIVE
01 CITY : WEST DES MOINES
STATE/ZIP : IA 50265
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,674.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.58600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,551,138.00
P & I AMT: 10,878.46
UPB AMT: 1,550,167.14
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031052814 MORTGAGORS: JAY ROBERT
JAY CATHERINE
REGION CODE ADDRESS : 4N 176 TOWNHALL ROAD
01 CITY : ST CHARLES
STATE/ZIP : IL 60175
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,812.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031052830 MORTGAGORS: MURPHY THOMAS
MURPHY WENDY
REGION CODE ADDRESS : 6619 SHERMAN LAKE ROAD
01 CITY : LINO LAKES
STATE/ZIP : MN 55038
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,228.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.47541
----------------------------------------------------------------
0 0031053036 MORTGAGORS: SHAUGHNESSY PAUL
SHAUGHNESSY JOANNE
REGION CODE ADDRESS : 43 MILTON PLACE
01 CITY : HOLLIS
STATE/ZIP : NH 03049
MORTGAGE AMOUNT : 242,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,529.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0031053242 MORTGAGORS: KERR GEOFFREY
KERR SARAH
REGION CODE ADDRESS : 3602 LOUIS ROAD
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 371,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,987.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,659.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031053259 MORTGAGORS: KLASHMAN DAVID
NORRIS WENDY
REGION CODE ADDRESS : 28631 QUAILHILL DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 387,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,078.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,844.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.91700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,524,150.00
P & I AMT: 10,972.56
UPB AMT: 1,522,636.33
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031053291 MORTGAGORS: TOOMEY MARTIN
TOOMEY LEARDICE
REGION CODE ADDRESS : 471 MONTORI COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
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 : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.37600
----------------------------------------------------------------
0 0031053390 MORTGAGORS: SALICE RICHARD
SALICE GAIL
REGION CODE ADDRESS : 17350 LA RINCONADA DRIVE
01 CITY : MONTE SERENO
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 507,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 506,623.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,545.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.78000
----------------------------------------------------------------
0 0031053606 MORTGAGORS: HARVEY ROBERT
REGION CODE ADDRESS : 2039 KENILWORTH AVENUE
01 CITY : WILMETTE
STATE/ZIP : IL 60091
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.44300
----------------------------------------------------------------
0 0031053614 MORTGAGORS: ORD RUSSELL
REGION CODE ADDRESS : 494 S. BRENTWOOD LANE
01 CITY : BOUNTIFUL
STATE/ZIP : UT 84010
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,781.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.44500
----------------------------------------------------------------
0 0031053648 MORTGAGORS: BEAN RICHARD
BEAN SALLY
REGION CODE ADDRESS : 1 WEST CHEYENNE BLVD.
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80906
MORTGAGE AMOUNT : 344,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,556.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,470.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 50.70500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,896,800.00
P & I AMT: 13,520.41
UPB AMT: 1,895,446.01
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031053689 MORTGAGORS: LARSEN BRUCE
LARSEN HOLLY
REGION CODE ADDRESS : 30791 VIA CONQUISTA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 591,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 590,051.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,981.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031053861 MORTGAGORS: ANDERSON LORIN
ANDERSON CHERYL
REGION CODE ADDRESS : 69 ELMBROOK DRIVE
01 CITY : STAMFORD
STATE/ZIP : CT 06906
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,831.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,587.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.43000
----------------------------------------------------------------
0 0031053879 MORTGAGORS: GOLD MARC
GOLD PATRICIA
REGION CODE ADDRESS : 103 ASPEN LANE
01 CITY : TRUMBULL
STATE/ZIP : CT 06611
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,821.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.30700
----------------------------------------------------------------
0 0031054042 MORTGAGORS: MARTIN RICHARD
MARTIN CHARLOTTE
REGION CODE ADDRESS : 2944 HILLCREST AVENUE
01 CITY : ORANGE
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,815.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,257.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 82.50000
----------------------------------------------------------------
0 0031054141 MORTGAGORS: YU ALBERT
HUNGAR ANN
REGION CODE ADDRESS : 17010 105TH AVENUE NE
01 CITY : BOTHELL
STATE/ZIP : WA 98011
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,645,000.00
P & I AMT: 11,537.40
UPB AMT: 1,643,091.68
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031054265 MORTGAGORS: KAYS DOUGLAS
REGION CODE ADDRESS : 222 SPOTTED FAWN DRIVE
01 CITY : HUTTO
STATE/ZIP : TX 78634
MORTGAGE AMOUNT : 83,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 83,836.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 616.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.95900
----------------------------------------------------------------
0 0031054307 MORTGAGORS: HOLT MICHAEL
HOLT GRACE
REGION CODE ADDRESS : 16236 N. 110TH STREET
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 337,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,448.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.99100
----------------------------------------------------------------
0 0031054422 MORTGAGORS: ROBINSON DAVID
STEINBRUEGGE JILL
REGION CODE ADDRESS : 5932 CONTRA COSTA RD
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 582,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 581,568.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,069.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.75000
----------------------------------------------------------------
0 0031054489 MORTGAGORS: BOLLONS TERRY
REGION CODE ADDRESS : 1615 SHREEN COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 249,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,605.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.47000
----------------------------------------------------------------
0 0031054547 MORTGAGORS: JOHNSTON PATRICIA
TENAGLIA NICHOLAS
REGION CODE ADDRESS : 52 WREN TERRACE
01 CITY : QUINCY
STATE/ZIP : MA 02169
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,794.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,517,400.00
P & I AMT: 10,638.66
UPB AMT: 1,516,454.21
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031054935 MORTGAGORS: MACDONALD KIRSTEN
MC CARTHY KYLE
REGION CODE ADDRESS : 117 COOLIDGE FARM ROAD
01 CITY : BOXBOROUGH
STATE/ZIP : MA 01719
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,809.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.44400
----------------------------------------------------------------
0 0031054943 MORTGAGORS: ABASEILLAS VIRIGNIA
SANCHEZ FERNANDO
REGION CODE ADDRESS : 19601 CRYSTAL RIDGE COURT
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 246,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,734.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031055213 MORTGAGORS: CHO KWAN
CHO SOOK
REGION CODE ADDRESS : 5000 THE POINTE PLACE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 416,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,213.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,019.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.07600
----------------------------------------------------------------
0 0031055254 MORTGAGORS: ROSS DAVID
ROSS LYNN
REGION CODE ADDRESS : 106 INDIAN HILLS DRIVE
01 CITY : NOVATO
STATE/ZIP : CA 94949
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.15700
----------------------------------------------------------------
0 0031055627 MORTGAGORS: FERGUS PETER
FERGUS KATHERINE
REGION CODE ADDRESS : 324 BRAEBOURNE COURT
01 CITY : GREEN BAY
STATE/ZIP : WI 54301
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,617.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,507.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,791,400.00
P & I AMT: 13,057.49
UPB AMT: 1,790,178.67
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031055668 MORTGAGORS: SHINER GEORGE
SHINER ANNE
REGION CODE ADDRESS : 2575 TREVOR LANE
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80919
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031055700 MORTGAGORS: HOOYMAN THOMAS
HOOYMAN NANCY
REGION CODE ADDRESS : 2565 S. ADAMS ST.
01 CITY : DENVER
STATE/ZIP : CO 80210
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,744.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.26900
----------------------------------------------------------------
0 0031055726 MORTGAGORS: ANTUPIT PHILIP
REGION CODE ADDRESS : 14 C SHORE RD
01 CITY : WATERFORD
STATE/ZIP : CT 06385
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,591.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,845.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.82900
----------------------------------------------------------------
0 0031055759 MORTGAGORS: CORNEAU DAVID
CORNEAU DIANE
REGION CODE ADDRESS : 15 ROLLING RIDGE COURT
01 CITY : PROSPECT
STATE/ZIP : CT 06712
MORTGAGE AMOUNT : 244,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,427.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031055882 MORTGAGORS: NOBLE JOHN
NOBLE JENNIFER
REGION CODE ADDRESS : 16 STERLING ROAD
01 CITY : WELLESLERY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,667.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,255.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,838,600.00
P & I AMT: 12,923.97
UPB AMT: 1,837,248.66
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031055890 MORTGAGORS: KUPFER JOEL
REGION CODE ADDRESS : 4789 HIGEL AVENUE
01 CITY : SARASOTA
STATE/ZIP : FL 34242
MORTGAGE AMOUNT : 437,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,448.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,174.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031055932 MORTGAGORS: FINLEY KEITH
FINLEY DEBORAH
REGION CODE ADDRESS : 2700 SYLVAN WAY
01 CITY : MCKINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 340,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,404.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,412.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031055940 MORTGAGORS: DONAHUE PAMELA
REGION CODE ADDRESS : 645 SOUTHFORK DRIVE
01 CITY : WAUKEE
STATE/ZIP : IA 50263
MORTGAGE AMOUNT : 291,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,289.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.77700
----------------------------------------------------------------
0 0031055965 MORTGAGORS: BUCHER DAVID
REGION CODE ADDRESS : 4000 BASSETT CREEK DRIVE
01 CITY : GOLDEN VALLEY
STATE/ZIP : MN 55422
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
0 0031056021 MORTGAGORS: MURPHY CALVIN
MURPHY SUSAN
REGION CODE ADDRESS : 125 THORNHILL CIRCLE
01 CITY : DOUBLE OAK
STATE/ZIP : TX 75067
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,608.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.53 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: 1,569,350.00
P & I AMT: 11,140.58
UPB AMT: 1,567,558.38
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031056104 MORTGAGORS: CONNOLLY MICHAEL
REGION CODE ADDRESS : 393 MARLBORO STREET, UNIT 1
01 CITY : BOSTON
STATE/ZIP : MA 02115
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,822.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031056138 MORTGAGORS: CHUE BEN
REGION CODE ADDRESS : 1608 HORIZON PLACE
01 CITY : MUKILTEO
STATE/ZIP : WA 98275
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031056237 MORTGAGORS: GOMEZ ALBERTO
GOMEZ HEIDI
REGION CODE ADDRESS : 1411 SPRING LEAF
01 CITY : DUNDEE
STATE/ZIP : IL 60118
MORTGAGE AMOUNT : 241,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,374.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.24500
----------------------------------------------------------------
0 0031056575 MORTGAGORS: NELSON MARIE
REGION CODE ADDRESS : 7011 W.TOUHY AVENUE #304
01 CITY : NILES
STATE/ZIP : IL 60714
MORTGAGE AMOUNT : 143,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 143,800.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,043.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0031056609 MORTGAGORS: DONNELLY RICHARD
DONNELLY SUSAN
REGION CODE ADDRESS : 3364 CLIFFS DRIVE # 55
01 CITY : PETOSKEY
STATE/ZIP : MI 49770
MORTGAGE AMOUNT : 318,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,248.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,241,300.00
P & I AMT: 8,951.39
UPB AMT: 1,240,045.92
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031056641 MORTGAGORS: BEELER JEFFREY
DARMER KARENINA
REGION CODE ADDRESS : 57 WAGONWHEEL ROAD
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,852.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,197.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031056955 MORTGAGORS: KELLY MICHAEL
REGION CODE ADDRESS : 24 HILLSIDE DRIVE
01 CITY : LAS FLORES
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 252,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,076.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.99600
----------------------------------------------------------------
0 0031057326 MORTGAGORS: ZADEH ALI
NAJAFABADI SHAHRZAD
REGION CODE ADDRESS : 501 CAMILLO STREET
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,404.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,246.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/22
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 76.59500
----------------------------------------------------------------
0 0031057375 MORTGAGORS: HUFFMAN STEVE
HUFFMAN CHRISTINE
REGION CODE ADDRESS : 27656 ESLA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,591.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,221.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 89.11700
----------------------------------------------------------------
0 0031057409 MORTGAGORS: CANDY NIGEL
HAUSER-CANDY TRUDY
REGION CODE ADDRESS : 1228 TURNBURY LANE
01 CITY : LOWER GWYNEDD TOWNSHIP
STATE/ZIP : PA 19454
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 : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,329,250.00
P & I AMT: 9,581.93
UPB AMT: 1,327,685.87
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031057466 MORTGAGORS: BAUDOUR PHILLIP
REGION CODE ADDRESS : 4033 MANZINITA STREET
01 CITY : FT WORTH
STATE/ZIP : TX 76137
MORTGAGE AMOUNT : 58,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 58,363.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 443.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031057532 MORTGAGORS: PURSELL CHARLES
REGION CODE ADDRESS : 501 HERONDO STREET #60
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,036.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031057573 MORTGAGORS: WITT TERRENCE
RITZ-WITT ELIZABETH
REGION CODE ADDRESS : N5154 410TH ST
01 CITY : MENOMONIE
STATE/ZIP : WI 54751
MORTGAGE AMOUNT : 299,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,264.79 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 : 89.46200
----------------------------------------------------------------
0 0031057623 MORTGAGORS: RUDISEL STEPHEN
RUDISEL DEBRA
REGION CODE ADDRESS : 1325 EAST GARTEN DRIVE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,652.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.38400
----------------------------------------------------------------
0 0031057649 MORTGAGORS: TOMPKINS DENNIS
BUSH MICHAEL
REGION CODE ADDRESS : 26 COUNTRY CLUB LANE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89109
MORTGAGE AMOUNT : 504,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 503,694.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,875.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 61.46300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,351,300.00
P & I AMT: 9,989.94
UPB AMT: 1,350,012.59
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031057656 MORTGAGORS: NOVICK JEFFREY
NOVICK MICHELE
REGION CODE ADDRESS : 30816 GANADO DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 383,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,970.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,780.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.94000
----------------------------------------------------------------
0 0031057698 MORTGAGORS: SHINAULT WILLIAM
SHINAULT PAMELA
REGION CODE ADDRESS : 779 ST FRANCIS AVENUE
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,299.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031057771 MORTGAGORS: BRADLEY SIMON
BRADLEY HELEN
REGION CODE ADDRESS : 3 ALDERBROOK
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,432.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031057797 MORTGAGORS: HOTCHKISS ANTHONY
REGION CODE ADDRESS : 29212 HEATHERCLIFF ROAD
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 243,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,436.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.54300
----------------------------------------------------------------
0 0031057839 MORTGAGORS: RABE CHRISTOPH
REGION CODE ADDRESS : 22992 TIAGUA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,769.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.48100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,458,600.00
P & I AMT: 10,318.11
UPB AMT: 1,456,910.05
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031057896 MORTGAGORS: SACKS A.
SACKS SUZANNE
REGION CODE ADDRESS : 2042 E GLENN DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85020
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,514.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.25500
----------------------------------------------------------------
0 0031057904 MORTGAGORS: ALMASAN MICHAEL
ALMASAN MARINA
REGION CODE ADDRESS : 3812 ASH LANE
01 CITY : MCKINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 119,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 119,195.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 898.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.97100
----------------------------------------------------------------
0 0031058043 MORTGAGORS: PECK J.
PECK NANCY
REGION CODE ADDRESS : 1206 ASBURY AVENUE
01 CITY : WINNETKA
STATE/ZIP : IL 60093
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031058134 MORTGAGORS: SY BRIAN PHONG
CHAN HARRIET
REGION CODE ADDRESS : 129 SUNNYSIDE AVENUE
01 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 367,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,934.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,599.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031058175 MORTGAGORS: RASHID KHURRAM
RASHID AMNA
REGION CODE ADDRESS : 16433 OLD WATERFORD ROAD
01 CITY : PAEONIAN SPRINGS
STATE/ZIP : VA 20129
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,668.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,906.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 77.61100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,990,750.00
P & I AMT: 14,424.47
UPB AMT: 1,988,392.76
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031058191 MORTGAGORS: ALWARD WALTER
ALWARD PATSY
REGION CODE ADDRESS : 64 MENEFEE MOUNTAIN ROAD
01 CITY : WASHINGTON
STATE/ZIP : VA 22747
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,804.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031058670 MORTGAGORS: BERGMEISTER CARLEY
REGION CODE ADDRESS : 3940 HIGHWOOD COURT NW,
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 348,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,230.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,438.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.65600
----------------------------------------------------------------
0 0031059082 MORTGAGORS: JUSTIS HOWARD
POLAND KIMBERLY
REGION CODE ADDRESS : 17091 QUAIL CREEK CIRCLE
01 CITY : HAMILTON
STATE/ZIP : VA 20158
MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,944.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031059298 MORTGAGORS: RICHARDSON MICHAEL
AUMAN SHERRILL
REGION CODE ADDRESS : 5310 NAKOMA DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75209
MORTGAGE AMOUNT : 354,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,085.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,509.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.80000
----------------------------------------------------------------
0 0031059348 MORTGAGORS: JOHNSON KENDALL
JOHNSON CONNIE
REGION CODE ADDRESS : 24192 VALYERMO DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 158,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 157,695.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,187.01 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: 1,464,550.00
P & I AMT: 10,348.40
UPB AMT: 1,462,760.40
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031059397 MORTGAGORS: HUSSELBAUGH ERIC
HUSSELBAUGH RENEE
REGION CODE ADDRESS : 63 SIMMONS LANE
01 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 293,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,674.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,101.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031059447 MORTGAGORS: PAROLISE ANTHONY
REGION CODE ADDRESS : 2121 CENTER COURT DRIVE
01 CITY : MODESTO
STATE/ZIP : CA 95355
MORTGAGE AMOUNT : 349,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,571.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,597.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99400
----------------------------------------------------------------
0 0031059595 MORTGAGORS: STAGG ALBERT
REGION CODE ADDRESS : 3043-3045 CLAY STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94115
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031059777 MORTGAGORS: KANAN JAMES
KANAN ANTOINETTE
REGION CODE ADDRESS : 20 LUCERO EAST
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 205,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 204,855.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,468.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.35800
----------------------------------------------------------------
0 0031059801 MORTGAGORS: FEETER CHRISTINE
REGION CODE ADDRESS : 4516 CHERRYVALE AVENUE
01 CITY : SOQUEL
STATE/ZIP : CA 95073
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,620.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,306.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 72.04900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,928,100.00
P & I AMT: 14,098.98
UPB AMT: 1,926,377.94
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031060130 MORTGAGORS: JULIANO KATHLEEN
REGION CODE ADDRESS : 555 BARTRAM ROAD
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,798.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031060239 MORTGAGORS: CURETON KENNETH
CURETON YVONNE
REGION CODE ADDRESS : 113 SAN ANSELMO LANE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 205,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 205,330.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,526.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031060379 MORTGAGORS: THOMPSON JOAN
REGION CODE ADDRESS : 7926 SINFONIA DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77040
MORTGAGE AMOUNT : 113,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 113,189.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 812.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99915
----------------------------------------------------------------
0 0031060395 MORTGAGORS: GALADA-MAIRA CARLOS
GALADA-MAIRA CLAUDIA
REGION CODE ADDRESS : 6175 SOUTHWEST 133RD STREET
01 CITY : MIAMI
STATE/ZIP : FL 33156
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,795.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.63975
----------------------------------------------------------------
0 0031060437 MORTGAGORS: BONAVENTURE PETER
REGION CODE ADDRESS : 41 CALVIN ROAD
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,592.65 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 : 74.68300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,164,950.00
P & I AMT: 8,349.49
UPB AMT: 1,163,705.30
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031060460 MORTGAGORS: STORCH STEVEN
REGION CODE ADDRESS : 35 INDIAN HILL ROAD
01 CITY : GOLDENS BRIDGE
STATE/ZIP : NY 10526
MORTGAGE AMOUNT : 408,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,489.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,070.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031060593 MORTGAGORS: FIANU PETER
FIANU MARIANNE
REGION CODE ADDRESS : 13111 SHANEYBROOK CIRCLE
01 CITY : REISTERSTOWN
STATE/ZIP : MD 21136
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,741.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,433.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.42400
----------------------------------------------------------------
0 0031060601 MORTGAGORS: COPELAND ROBERT
COPELAND PHYLLIS
REGION CODE ADDRESS : 530 BETZ AVENUE
01 CITY : METAIRIE
STATE/ZIP : LA 70005
MORTGAGE AMOUNT : 431,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,945.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,089.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031060635 MORTGAGORS: RIACH JEFFREY
RIACH LINDA
REGION CODE ADDRESS : 12995 JEROME JAY DRIVE
01 CITY : COCKEYSVILLE
STATE/ZIP : MD 21030
MORTGAGE AMOUNT : 513,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 513,396.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,725.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031060668 MORTGAGORS: WATSON THOMAS
WATSON MARILYN
REGION CODE ADDRESS : 574 MONTORI COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 383,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,998.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,612.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.60800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,084,750.00
P & I AMT: 14,931.39
UPB AMT: 2,082,571.36
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031060726 MORTGAGORS: NAIMY FARHAD
NAIMY SAHEL
REGION CODE ADDRESS : 7762 CREEKSIDE DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,070.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031060742 MORTGAGORS: ROSNER JOSEPH
REGION CODE ADDRESS : 650 LORNA LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 425,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,012.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,085.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031060759 MORTGAGORS: SATOW BETTYE
REGION CODE ADDRESS : 6062 KISER DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 212,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 211,857.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,555.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031060767 MORTGAGORS: LI EDWARD
LI MAGDALENA
REGION CODE ADDRESS : 3316 WILLARD STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,592.50 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 0031060817 MORTGAGORS: STALEY LEX
STALEY SANDRA
REGION CODE ADDRESS : 4504 ST JAMES DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75024
MORTGAGE AMOUNT : 276,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,798.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,400,050.00
P & I AMT: 9,996.36
UPB AMT: 1,398,331.64
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031060841 MORTGAGORS: MAYER ROBERT
MAYER JANIS
REGION CODE ADDRESS : 26926 N 73RD WAY
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 310,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,210.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,225.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98700
----------------------------------------------------------------
0 0031060908 MORTGAGORS: SALA CARLOS
ZANOLINI TINA
REGION CODE ADDRESS : 2424 GINNY WAY
01 CITY : LAFAYETTE
STATE/ZIP : CO 80026
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.76635
----------------------------------------------------------------
0 0031060916 MORTGAGORS: FOLEY WILLIAM
FOLEY SILVINA
REGION CODE ADDRESS : 735 WYCKOFF AVENUE
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 399,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,196.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,759.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.87600
----------------------------------------------------------------
0 0031060957 MORTGAGORS: JACKSON MARTIN
JACKSON PAMELA
REGION CODE ADDRESS : 17309 STEDMAN CIRCLE
01 CITY : DALLAS
STATE/ZIP : TX 75252
MORTGAGE AMOUNT : 293,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,382.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.26300
----------------------------------------------------------------
0 0031060981 MORTGAGORS: GRIMES SUSAN
THOMPSON J
REGION CODE ADDRESS : 12 MAECK FARM
01 CITY : SHELBURNE
STATE/ZIP : VT 05482
MORTGAGE AMOUNT : 301,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,387.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,160.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,705,350.00
P & I AMT: 12,064.03
UPB AMT: 1,703,893.00
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031061021 MORTGAGORS: JACKSON STEVEN
JACKSON CATHERINE
REGION CODE ADDRESS : 4445 PARK BROOKE TRACE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.56500
----------------------------------------------------------------
0 0031061096 MORTGAGORS: DOST TIMOTHY
DOST NANETTE
REGION CODE ADDRESS : 4730 WEST 140TH STREET
01 CITY : HAWTHORNE
STATE/ZIP : CA 90250
MORTGAGE AMOUNT : 184,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 183,870.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,318.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.35800
----------------------------------------------------------------
0 0031061187 MORTGAGORS: KIMBLE CHARLES
KIMBLE CECELIA
REGION CODE ADDRESS : 1503 WOODACRE DRIVE
01 CITY : MC LEAN
STATE/ZIP : VA 22101
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031061260 MORTGAGORS: MANN DAVID
MANN JERI
REGION CODE ADDRESS : 4712 COPPERFIELD CIRCLE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 249,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,554.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 86.20213
----------------------------------------------------------------
0 0031061567 MORTGAGORS: SHEBELL RAYMOND
REGION CODE ADDRESS : FLOCK RD
01 CITY : COLTS NECK
STATE/ZIP : NJ 07722
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 53.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,293,900.00
P & I AMT: 9,220.97
UPB AMT: 1,292,802.97
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031061575 MORTGAGORS: KOVAR ROBERT
KOVAR JOAN
REGION CODE ADDRESS : 54 BITTERSWEET DRIVE
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 311,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,465.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,124.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99301
----------------------------------------------------------------
0 0031061641 MORTGAGORS: LIDDY CHARLES
LIDDY NANCY
REGION CODE ADDRESS : 3932 RICHFIELD ROAD
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55410
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.93100
----------------------------------------------------------------
0 0031061799 MORTGAGORS: SZOLD TERRY
FAIN JONATHAN
REGION CODE ADDRESS : 8 WETHERSFIELD RD
01 CITY : ANDOVER
STATE/ZIP : MA 01810
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031061989 MORTGAGORS: BLACK BRENDA
TOBY LEWIS
REGION CODE ADDRESS : 1316-1318 WEST ERIE STREET
01 CITY : CHICAGO
STATE/ZIP : IL 60622
MORTGAGE AMOUNT : 166,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 166,284.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,207.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031062003 MORTGAGORS: LONDON JEFFREY
SHULMAN MICHAEL
REGION CODE ADDRESS : 85 BRAINERD ROAD UNIT 3
01 CITY : BOSTON
STATE/ZIP : MA 02134
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.92200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,224,900.00
P & I AMT: 8,638.78
UPB AMT: 1,223,412.29
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031062045 MORTGAGORS: MCILWAIN JOHN
MCILWAIN WENDE
REGION CODE ADDRESS : HORSE POINT ROAD
01 CITY : ST. GEORGE
STATE/ZIP : ME 04857
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,675.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.66100
----------------------------------------------------------------
0 0031062078 MORTGAGORS: THOMASON CRAIG
THOMASON JULIE
REGION CODE ADDRESS : 949 MOUNTAIN BLVD
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,346.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031062086 MORTGAGORS: STEVENSON RODNEY
STEVENSON DONNA
REGION CODE ADDRESS : 19000 PACIFIC DRIVE
01 CITY : FORT BRAGG
STATE/ZIP : CA 95437
MORTGAGE AMOUNT : 327,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,080.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031062219 MORTGAGORS: PECKHAM ROBERT
PECKHAM SARA
REGION CODE ADDRESS : 4 WILLIAM FAIRFIELD DRIVE
01 CITY : WENHAM
STATE/ZIP : MA 01984
MORTGAGE AMOUNT : 300,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,626.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 54.59000
----------------------------------------------------------------
0 0031062268 MORTGAGORS: WONG IN PING
REGION CODE ADDRESS : 929 KAHENA STREET
01 CITY : HONOLULU
STATE/ZIP : HI 96825
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.52300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,562,850.00
P & I AMT: 11,339.83
UPB AMT: 1,560,382.94
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031062425 MORTGAGORS: BARNES THOMAS
REGION CODE ADDRESS : 1401 OCTOBER ROAD
01 CITY : RALEIGH
STATE/ZIP : NC 27614
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,443.19 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 : 95.00000
----------------------------------------------------------------
0 0031062508 MORTGAGORS: QUINN KEVIN
QUINN SHEILA
REGION CODE ADDRESS : 210 E. ORCHARD STREET
01 CITY : ARLINGTON HEIGHTS
STATE/ZIP : IL 60005
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 : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031062516 MORTGAGORS: DALEN JOHN
BUCCELLATO DEBRA
REGION CODE ADDRESS : 1832 MCKINLEY ROAD
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,803.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.57100
----------------------------------------------------------------
0 0031062698 MORTGAGORS: SPARKMAN MARY
REGION CODE ADDRESS : 400 GARLAND COURT
01 CITY : NORMAN
STATE/ZIP : OK 73072
MORTGAGE AMOUNT : 66,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 66,112.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 475.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031062706 MORTGAGORS: FRANKS GEORGE
FRANKS BEVERLY
REGION CODE ADDRESS : 5804 COVEHAVEN DR
01 CITY : DALLAS
STATE/ZIP : TX 75252
MORTGAGE AMOUNT : 257,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,009.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,121,800.00
P & I AMT: 8,064.48
UPB AMT: 1,120,187.53
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031062979 MORTGAGORS: JENKINS WILLIAM
JENKINS TOBIE
REGION CODE ADDRESS : 17649 E LOYOLA DR, UNIT F
01 CITY : AURORA
STATE/ZIP : CO 80013
MORTGAGE AMOUNT : 69,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 69,258.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 514.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031063118 MORTGAGORS: MODIC JEFFREY
MODIC LINDA
REGION CODE ADDRESS : 166 NORTH BLUEGRASS STREET
01 CITY : BREA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 276,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,838.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031063258 MORTGAGORS: BECKWITH R.
BECKWITH HELEN
REGION CODE ADDRESS : 1402 DEER BOULEVARD
01 CITY : EAGLE-VAIL
STATE/ZIP : CO 81620
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,798.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.88400
----------------------------------------------------------------
0 0031063506 MORTGAGORS: ROSALEZ LARRY
ROSALEZ NORMA
REGION CODE ADDRESS : 4104 SALTBURN DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 186,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 186,086.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,335.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98000
----------------------------------------------------------------
0 0031063555 MORTGAGORS: RUSSELL JOE
RUSSELL TAJA
REGION CODE ADDRESS : 644 ROSEMONT STREET
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 484,640.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,391.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.28500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,301,950.00
P & I AMT: 9,214.53
UPB AMT: 1,300,622.63
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031063746 MORTGAGORS: SIMON SAUL
SIMON CAROLYN
REGION CODE ADDRESS : 6 TALMADGE ROAD
01 CITY : BERNARDS
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 481,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 481,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,410.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031063837 MORTGAGORS: COSTANZO BARRY
REGION CODE ADDRESS : 12 KINGFISHER LANE
01 CITY : TOMS RIVER
STATE/ZIP : NJ 08753
MORTGAGE AMOUNT : 232,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,643.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031063902 MORTGAGORS: SHAPIRO NAUM
SHAPIRO LENA
REGION CODE ADDRESS : 17 BELAIRE COURT
01 CITY : ROSELAND
STATE/ZIP : NJ 07068
MORTGAGE AMOUNT : 253,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031064009 MORTGAGORS: FRANKLIN RONALD
FRANKLIN MARLA
REGION CODE ADDRESS : 13154 CEDAR CREST LANE
01 CITY : CLIVE
STATE/ZIP : IA 50325
MORTGAGE AMOUNT : 243,995.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,369.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.09300
----------------------------------------------------------------
0 0031064082 MORTGAGORS: ROMANEK JERRY
ROMANEK ROXANNE
REGION CODE ADDRESS : 29 CHARD ROAD
01 CITY : TYNGSBORO
STATE/ZIP : MA 01879
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 : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.30700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,447,495.00
P & I AMT: 10,408.94
UPB AMT: 1,446,555.43
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031064108 MORTGAGORS: LAIOSA VINCENT
LAIOSA BETH
REGION CODE ADDRESS : 92 WINCHESTER ROAD
01 CITY : ARLINGTON
STATE/ZIP : MA 02174
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,792.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.40200
----------------------------------------------------------------
0 0031064132 MORTGAGORS: HOLLAND MARK
HOLLAND BRIDGET
REGION CODE ADDRESS : 10135 WOODWARD AVENUE
01 CITY : SUNLAND
STATE/ZIP : CA 91040
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,822.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031064140 MORTGAGORS: HICKS ALVAN
HICKS LISA
REGION CODE ADDRESS : 3 TIFFANY TRAIL
01 CITY : HOPKINTON
STATE/ZIP : MA 01748
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 : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.46100
----------------------------------------------------------------
0 0031064173 MORTGAGORS: PATTENAUDE THOMAS
REGION CODE ADDRESS : 4344 PAMPAS ROAD
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,592.15 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 : 90.00000
----------------------------------------------------------------
0 0031064181 MORTGAGORS: RATHLEV NIELS
POUNDER E.
REGION CODE ADDRESS : 314 HIGHLAND AVENUE
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,796.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.82608
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,350,000.00
P & I AMT: 9,493.20
UPB AMT: 1,348,803.88
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031064413 MORTGAGORS: IRVIN R.
REGION CODE ADDRESS : 2919 LUCAS DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75219
MORTGAGE AMOUNT : 192,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 191,867.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,392.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064694 MORTGAGORS: KEETH JAMES
REGION CODE ADDRESS : 551 LINDEN ST
01 CITY : SHREVEPORT
STATE/ZIP : LA 71104
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,834.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031064819 MORTGAGORS: AVILES ROBERT
AVILES PATRICIA
REGION CODE ADDRESS : 233 LAKE COURT
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 208,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,705.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,490.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064835 MORTGAGORS: ADAWAG JOE
ADAWAG EDITHA
REGION CODE ADDRESS : 99-128 KALALOA STREET
01 CITY : AIEA
STATE/ZIP : HI 96701
MORTGAGE AMOUNT : 394,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,214.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,792.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031064959 MORTGAGORS: CLARKE NATHANIEL
CLARKE MICHAELENE
REGION CODE ADDRESS : 2610 S LYNN STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22202
MORTGAGE AMOUNT : 282,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,545.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,320,250.00
P & I AMT: 9,416.71
UPB AMT: 1,318,167.52
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 140
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031065006 MORTGAGORS: REID W
REGION CODE ADDRESS : 153 PINEWOOD ROAD
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23451
MORTGAGE AMOUNT : 548,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 547,650.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,116.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031065071 MORTGAGORS: HERSH GERALD
REGION CODE ADDRESS : 41 FARM ROAD
01 CITY : MIDDLETOWN
STATE/ZIP : NJ 07748
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.71400
----------------------------------------------------------------
0 0031065113 MORTGAGORS: FISHER JOHN
REGION CODE ADDRESS : 37 MARIE DRIVE
01 CITY : HUNTINGTON
STATE/ZIP : NY 11743
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,775.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.72900
----------------------------------------------------------------
0 0031065154 MORTGAGORS: DEGAUGH MICHAEL
REGION CODE ADDRESS : 3003 CREEK HAVEN DRIVE
01 CITY : HIGHLAND VILLAGE
STATE/ZIP : TX 75067
MORTGAGE AMOUNT : 191,332.00 OPTION TO CONVERT :
UNPAID BALANCE : 191,190.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,337.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031065253 MORTGAGORS: LUTHER DAVID
LUTHER ANN
REGION CODE ADDRESS : 518 FARMERS ROAD
01 CITY : GROTON
STATE/ZIP : MA 01450
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,544.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.51800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,604,332.00
P & I AMT: 11,625.18
UPB AMT: 1,602,828.95
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 141
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031065261 MORTGAGORS: FUHRMAN HENRY
FUHRMAN RUTHANNE
REGION CODE ADDRESS : 4943 DEL MONTE ROAD
01 CITY : LA CANADA
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 259,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,132.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031065287 MORTGAGORS: WILLIAMS PAUL
WILLIAMS HILDE
REGION CODE ADDRESS : 1821 OLIVER AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,830.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031065360 MORTGAGORS: DOYLE DAVID
DOYLE ANITA
REGION CODE ADDRESS : 30885 CANTERBURY WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 240,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,534.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,745.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.85700
----------------------------------------------------------------
0 0031065402 MORTGAGORS: HAMILTON MICHAEL
HAMILTON DIANA
REGION CODE ADDRESS : 9363 GAINFORD STREET
01 CITY : DOWNEY
STATE/ZIP : CA 90240
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 : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
0 0031065436 MORTGAGORS: FOLDEN JOHN
PRATHER-FOLDEN JULIA
REGION CODE ADDRESS : 5521 W MISTY WILLOW LANE
01 CITY : GLENDALE
STATE/ZIP : AZ 85310
MORTGAGE AMOUNT : 233,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,589.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,279,950.00
P & I AMT: 9,272.03
UPB AMT: 1,278,677.04
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 142
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031065444 MORTGAGORS: HALLSTROM WILLIAM
HALLSTROM JO ANNE
REGION CODE ADDRESS : 7393 E PARADISE DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.93400
----------------------------------------------------------------
0 0031065469 MORTGAGORS: MINKE PAUL
MINKE SHELLY
REGION CODE ADDRESS : 10304 VINTAGE DRIVE
01 CITY : FRISCO
STATE/ZIP : TX 75034
MORTGAGE AMOUNT : 111,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 110,930.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 767.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031065485 MORTGAGORS: HENRYCK GAYLE
REGION CODE ADDRESS : 2318 PORT CARLISLE PLACE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,782.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,061.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 25.64100
----------------------------------------------------------------
0 0031065667 MORTGAGORS: MATHESON PETER
REGION CODE ADDRESS : 40 CANAL DRIVE
01 CITY : BAY POINT
STATE/ZIP : CA 94565
MORTGAGE AMOUNT : 75,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 75,443.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 527.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.37500
----------------------------------------------------------------
0 0031065725 MORTGAGORS: CALDWELL ROBERT
CALDWELL LISA
REGION CODE ADDRESS : 1173 EAST HIDDEN VALLEY CLUB DRIVE
01 CITY : SANDY
STATE/ZIP : UT 84092
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.55200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 826,600.00
P & I AMT: 5,889.02
UPB AMT: 825,815.10
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 143
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031066038 MORTGAGORS: O'CONNOR JOHN
REGION CODE ADDRESS : 9 PEARL STREET
01 CITY : WALPOLE
STATE/ZIP : MA 02081
MORTGAGE AMOUNT : 124,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 123,920.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 931.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031066053 MORTGAGORS: MIKOLAJ KENNETH
MIKOLAJ LINDA
REGION CODE ADDRESS : 4700 REDWOOD DRIVE
01 CITY : MC KINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 91,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 91,180.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 677.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031066087 MORTGAGORS: RYAN ROBERT
RYAN ELIZABETH
REGION CODE ADDRESS : 90 UPDIKES MILL ROAD
01 CITY : MONTGOMERY TOWNSHIP
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,442.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.98924
----------------------------------------------------------------
0 0031066095 MORTGAGORS: ABDOU TAREK
ABDOU NOHA
REGION CODE ADDRESS : 20620 EAST HOLLOW PINE DRIVE
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 267,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,561.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031066111 MORTGAGORS: BENSON MARK
REGION CODE ADDRESS : 6954 WEST AURORA AVENUE
01 CITY : GLENDALE
STATE/ZIP : AZ 85308
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,525.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,159,800.00
P & I AMT: 8,253.44
UPB AMT: 1,159,187.12
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 144
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031066160 MORTGAGORS: BUCKER PAUL
BUCKER MICHELLE
REGION CODE ADDRESS : 3205 TWIN FALLS DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,816.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98316
----------------------------------------------------------------
0 0031066202 MORTGAGORS: NELSON RICK
NELSON BARBARA
REGION CODE ADDRESS : 4219 BELLE AIRE LANE
01 CITY : DOWNERS GROVE
STATE/ZIP : IL 60515
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,831.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.66600
----------------------------------------------------------------
0 0031066459 MORTGAGORS: HUNT HERBERT
BEANE LINDA
REGION CODE ADDRESS : 118 WEST NEWTON STREET
01 CITY : BOSTON
STATE/ZIP : MA 02118
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,362.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.29032
----------------------------------------------------------------
0 0031066509 MORTGAGORS: CHAMBOUS CRIST ELENA
REGION CODE ADDRESS : 3 STEARNS TERRACE
01 CITY : DENVILLE TOWNSHIP
STATE/ZIP : NJ 07834
MORTGAGE AMOUNT : 170,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,876.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,203.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 36.30700
----------------------------------------------------------------
0 0031066640 MORTGAGORS: STEWART STEVE
INTERLANDI-STEWART LIZA
REGION CODE ADDRESS : 976 SANTA ANNA STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,035.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.31 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: 1,438,500.00
P & I AMT: 10,280.54
UPB AMT: 1,437,560.79
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 145
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031066673 MORTGAGORS: WILDE TIMOTHY
WILDE HOLLIS
REGION CODE ADDRESS : 2081 VALLEJO DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 350,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,270.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,602.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.87100
----------------------------------------------------------------
0 0031067150 MORTGAGORS: TARAS THOMAS
TARAS RACHEL
REGION CODE ADDRESS : 5116 CHESSIE CIRCLE
01 CITY : HALTOM CITY
STATE/ZIP : TX 76137
MORTGAGE AMOUNT : 96,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,909.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 721.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031067309 MORTGAGORS: FLYNN PATRICK
FLYNN KAREN
REGION CODE ADDRESS : 2993 LAWRENCE STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,880.72 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 : 80.00000
----------------------------------------------------------------
0 0031067341 MORTGAGORS: SISITZKY LAURA
REGION CODE ADDRESS : 18 ONEIDA ROAD
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.69002
----------------------------------------------------------------
0 0031067473 MORTGAGORS: BUBON ANDREI
BUBON NINEL
REGION CODE ADDRESS : 14208 28TH DRIVE SOUTHEAST
01 CITY : BOTHELL
STATE/ZIP : WA 98012
MORTGAGE AMOUNT : 130,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 129,903.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 908.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.42105
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,047,700.00
P & I AMT: 7,628.41
UPB AMT: 1,046,795.38
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 146
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031067671 MORTGAGORS: HECOX JON
HECOX JUDITH R.
REGION CODE ADDRESS : 11411 EAST LAS POSAS ROAD
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 468,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,469.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,358.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031067739 MORTGAGORS: LUKASEK DUANE
LUKASEK DONNA
REGION CODE ADDRESS : 7765 SOUTH 49TH WEST AVENUE
01 CITY : TULSA
STATE/ZIP : OK 74131
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.36500
----------------------------------------------------------------
0 0031067879 MORTGAGORS: ALCALA MODESTO
ALCALA DIANE
REGION CODE ADDRESS : 901 GOLF LANE
01 CITY : WHEATON
STATE/ZIP : IL 60187
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,823.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031067903 MORTGAGORS: BRADY ANN
REGION CODE ADDRESS : 240 EAST SPRINGFIELD ROAD
01 CITY : SPRINGFIELD
STATE/ZIP : PA 19064
MORTGAGE AMOUNT : 103,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 103,428.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 750.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031067937 MORTGAGORS: HAUSCH SCOTT
GWALTNEY STEFANIE
REGION CODE ADDRESS : 22006 HYDE PARK DRIVE
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 231,992.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,819.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,292.00
P & I AMT: 9,933.01
UPB AMT: 1,391,057.76
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 147
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031067960 MORTGAGORS: GALLOWAY MICHAEL
GALLOWAY DEBORAH
REGION CODE ADDRESS : 1429 FARINGDON DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75075
MORTGAGE AMOUNT : 139,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,002.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031067986 MORTGAGORS: DESAI KARAMSINH
DESAI URMILLAWATEE
REGION CODE ADDRESS : 1911 ROSEBAY COURT
01 CITY : SUGARLAND
STATE/ZIP : TX 77479
MORTGAGE AMOUNT : 237,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,128.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,679.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.97300
----------------------------------------------------------------
0 0031068141 MORTGAGORS: LYNCH JOHN
LYNCH RENEE
REGION CODE ADDRESS : 85 CROOKED CREEK
01 CITY : YORKVILLE
STATE/ZIP : IL 60560
MORTGAGE AMOUNT : 243,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,780.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031068166 MORTGAGORS: JAAFARI MOHAMMAD
JAAFARI NAHID
REGION CODE ADDRESS : 630 CRESTMOOR DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,469.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.63300
----------------------------------------------------------------
0 0031068190 MORTGAGORS: SARKISSIAN MINAS
GHERAPETIAN SEDA
REGION CODE ADDRESS : 1729 CLEVELAND ROAD
01 CITY : GLENDALE
STATE/ZIP : CA 91202
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,818.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.07600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,126,300.00
P & I AMT: 8,111.92
UPB AMT: 1,125,097.08
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 148
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031068687 MORTGAGORS: POLLARD TODD
NAHMAN AMY
REGION CODE ADDRESS : 2691 COPA DE ORO AVENUE
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 267,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,361.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,895.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031068703 MORTGAGORS: TRUDEAU STEVEN
TRUDEAU RENEE
REGION CODE ADDRESS : 3103 TURNBERRY WAY
01 CITY : JAMUL
STATE/ZIP : CA 91935
MORTGAGE AMOUNT : 429,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,207.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,073.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.96800
----------------------------------------------------------------
0 0031068802 MORTGAGORS: NOSEL JOHN
CODY-NOSEL MARGUERITE
REGION CODE ADDRESS : 21301 COMPASS LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 233,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,280.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/17
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------
0 0031068885 MORTGAGORS: KRUKOWSKI KEVIN
KRUKOWSKI SHERYLANN
REGION CODE ADDRESS : 11416 E SWEETWATER AVENUE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 260,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,556.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------
0 0031068919 MORTGAGORS: SMITH MICHAEL
SMITH GRETA
REGION CODE ADDRESS : 3604 E TONO COURT
01 CITY : PHOENIX
STATE/ZIP : AZ 85044
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,766.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,553.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,538,600.00
P & I AMT: 11,258.88
UPB AMT: 1,536,173.08
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 149
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031069123 MORTGAGORS: COWLEY DAVID
REGION CODE ADDRESS : 7802 LOIS COURT
01 CITY : ADAMSTOWN
STATE/ZIP : MD 21701
MORTGAGE AMOUNT : 247,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,211.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0031069206 MORTGAGORS: GOODMAN KEN
GOODMAN ANGELA
REGION CODE ADDRESS : 2772 CAPELLA WAY
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,786.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.92700
----------------------------------------------------------------
0 0031069230 MORTGAGORS: DASH ANTHONY
REGION CODE ADDRESS : 80 HOVEY STREET
01 CITY : WATERTOWN
STATE/ZIP : MA 02172
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,799.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031069685 MORTGAGORS: MCLAUGHLIN MARK
MCLAUGHLIN KATHRYN
REGION CODE ADDRESS : 110 WEST CONCORD STREET,UNIT 2
01 CITY : BOSTON
STATE/ZIP : MA 02188
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,639.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,892.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031069834 MORTGAGORS: BECHTEL KIRK
BECHTEL KELLY
REGION CODE ADDRESS : 1609 JACOB AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,320.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,328,900.00
P & I AMT: 9,410.96
UPB AMT: 1,327,757.42
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 150
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031070022 MORTGAGORS: GRANT ANTHONY
CAREY RACHEL
REGION CODE ADDRESS : 2244 FORT STOCKTON DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 237,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,982.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031070071 MORTGAGORS: YUE KEN
YUE YOULI
REGION CODE ADDRESS : 2647 EAST SENECA COURT
01 CITY : BREA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,832.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031070089 MORTGAGORS: TOMLINSON SHAWN
STEWART D. MELISSA
REGION CODE ADDRESS : 16917 27TH AVENUE SOUTHWEST
01 CITY : SEATTLE
STATE/ZIP : WA 98166
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031070105 MORTGAGORS: LEE YOUNG
REGION CODE ADDRESS : 17457 GOLDEN LANE
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031070212 MORTGAGORS: ACKELSON JOHN
ACKELSON MARY LOU
REGION CODE ADDRESS : 5920 BLACKBERRY BRIDGE PATH
01 CITY : INVER GROVE HEIGHTS
STATE/ZIP : MN 55076
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.35900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,486,650.00
P & I AMT: 10,647.66
UPB AMT: 1,485,792.24
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 151
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031070386 MORTGAGORS: HEIMSTAEDT CYNTHIA
REGION CODE ADDRESS : 2401 CAMINO CORSO RIO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 178,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 177,854.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,291.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.98900
----------------------------------------------------------------
0 0031070402 MORTGAGORS: COBB LEE
COBB KAREN
REGION CODE ADDRESS : 40W654 CAMPTON WOODS DRIVE
01 CITY : ELBURN
STATE/ZIP : IL 60119
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,033.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031070527 MORTGAGORS: JORGENSEN KAI
JORGENSEN MAE
REGION CODE ADDRESS : 7950 EAST DEERFIELD LANE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 196,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 195,715.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,387.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031070535 MORTGAGORS: SPONENBERGH RICHARD
SPONENBERGH NANCY
REGION CODE ADDRESS : 557 SOUTH SUGARTOWN ROAD
01 CITY : MALVERN
STATE/ZIP : PA 19355
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.26656
----------------------------------------------------------------
0 0031070683 MORTGAGORS: CHOW MARK
REGION CODE ADDRESS : 2632 ETNA STREET
01 CITY : BERKELEY
STATE/ZIP : CA 94704
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,760.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,189,300.00
P & I AMT: 8,437.76
UPB AMT: 1,188,176.71
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 152
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031070865 MORTGAGORS: BEHAN JOHN
BEHAN CELESTE
REGION CODE ADDRESS : 1035 WILSON GLEN DRIVE
01 CITY : ROSWELL
STATE/ZIP : GA 30075
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031070964 MORTGAGORS: CHAN ARTHUR
REGION CODE ADDRESS : 1339 14TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,207.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071061 MORTGAGORS: FISHER RICHARD
FISHER KATHLEEN
REGION CODE ADDRESS : 35 COUSINS ROAD
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,833.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,446.05 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 9.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031071269 MORTGAGORS: KASRAVI MOHSEN
REGION CODE ADDRESS : 633 PORTOFINO LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,811.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071285 MORTGAGORS: SMITH DARRIN
SMITH BRENDA
REGION CODE ADDRESS : 10931 EAST SAN RAMON AVENUE
01 CITY : CLOVIS
STATE/ZIP : CA 93611
MORTGAGE AMOUNT : 289,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,940.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.80300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,599,550.00
P & I AMT: 11,657.24
UPB AMT: 1,598,454.89
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 153
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031071384 MORTGAGORS: MEALIFFE PAUL
MEALIFFE DIANE
REGION CODE ADDRESS : 1220 RUBY STREET
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,638.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,415.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071509 MORTGAGORS: ZALSKI ANDREW
ZALSKI CLAUDIA
REGION CODE ADDRESS : 1225 W. NELSON ST
01 CITY : CHICAGO
STATE/ZIP : IL 60657
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,756.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,385.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.59000
----------------------------------------------------------------
0 0031071558 MORTGAGORS: LANGFORD JOHN
LANGFORD ROSE
REGION CODE ADDRESS : 5407 BOTHE AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,821.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.60300
----------------------------------------------------------------
0 0031071582 MORTGAGORS: CAUDILL MICHAEL
KENNY KATHLEEN
REGION CODE ADDRESS : 8801 FALLS CHAPEL WAY
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,303.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031071731 MORTGAGORS: SALUD JOHN
SALUD GLORIA
REGION CODE ADDRESS : 1339 NAVARRO DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 276,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,609.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,341,300.00
P & I AMT: 9,577.22
UPB AMT: 1,340,128.84
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 154
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031071749 MORTGAGORS: STEFAN ALEXANDRU
STEFAN MIRELLA
REGION CODE ADDRESS : 363 MINDANAO DR
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 337,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,592.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,360.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.13600
----------------------------------------------------------------
0 0031071954 MORTGAGORS: FERRELL NANCY
FERRELL CRAIG
REGION CODE ADDRESS : 225 LOS ROBLES DRIVE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
0 0031071962 MORTGAGORS: RIEHLE WILLIAM
RIEHLE PATRICIA
REGION CODE ADDRESS : 1020 CALLE FRONDOSA
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,572.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031071970 MORTGAGORS: DARDIS MARK
DARDIS DIANE
REGION CODE ADDRESS : 30892 COLONIAL PLACE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,736.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,576.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031072028 MORTGAGORS: CHEN MINJIA
FU XIAOJING
REGION CODE ADDRESS : 25638 S GOLD RIDGE DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 350,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,296.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,481.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,953,900.00
P & I AMT: 13,822.33
UPB AMT: 1,951,726.77
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 155
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072184 MORTGAGORS: ELLEN MICHAEL
ELLEN EMILY
REGION CODE ADDRESS : 7 ESSEX STREET
01 CITY : NORFOLK
STATE/ZIP : MA 02056
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,081.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072192 MORTGAGORS: RAJA RAMKUMAR
RAMALAKSHMI NALINA
REGION CODE ADDRESS : 572 SHELLEY COURT
01 CITY : MILPITAS
STATE/ZIP : CA 95035
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072333 MORTGAGORS: WILSON JOANNE
REGION CODE ADDRESS : 1267 TURNBURY OAK
01 CITY : HOUSTON
STATE/ZIP : TX 77055
MORTGAGE AMOUNT : 153,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,177.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,085.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.97900
----------------------------------------------------------------
0 0031072358 MORTGAGORS: COLLINGER ALLISON
COLLINGER DOUGLAS
REGION CODE ADDRESS : 62 BERKSHIRE DRIVE
01 CITY : ST. LOUIS
STATE/ZIP : MO 63117
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 : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 49.40000
----------------------------------------------------------------
0 0031072606 MORTGAGORS: MCCLUSKEY KEITH
MCCLUSKEY JEMI
REGION CODE ADDRESS : 16 COLBY FARM ROAD
01 CITY : CHESTER
STATE/ZIP : NJ 07930
MORTGAGE AMOUNT : 405,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,670.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,943.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,472,750.00
P & I AMT: 10,672.83
UPB AMT: 1,471,111.49
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 156
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072747 MORTGAGORS: MARLOW STEPHEN
MARLOW TERESA
REGION CODE ADDRESS : 3406 LILAC LANE
01 CITY : ROWLETT
STATE/ZIP : TX 75088
MORTGAGE AMOUNT : 70,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 69,949.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 495.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072754 MORTGAGORS: NG PACK NICHOLAS
NG PACK MONICA
REGION CODE ADDRESS : 971 WAIHOLO STREET
01 CITY : HONOLULU
STATE/ZIP : HI 96821
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 : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.52300
----------------------------------------------------------------
0 0031072978 MORTGAGORS: BASHORE HARRY
BASHORE MARY
REGION CODE ADDRESS : 2414 OLD RANCH ROAD
01 CITY : ESCONDIDO
STATE/ZIP : CA 92027
MORTGAGE AMOUNT : 239,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,734.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031073026 MORTGAGORS: GREENFIELD MICHAEL
GREENFIELD LISA
REGION CODE ADDRESS : 109 W ADAMS STREET
01 CITY : ELMHURST
STATE/ZIP : IL 60126
MORTGAGE AMOUNT : 336,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,362.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,411.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031073299 MORTGAGORS: SPIVACK SAUL
SPIVACK MAUREEN
REGION CODE ADDRESS : 29 THE CRESCENT
01 CITY : MILLBURN TOWNSHIP
STATE/ZIP : NJ 07078
MORTGAGE AMOUNT : 712,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 711,510.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,162.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 75.74468
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,858,500.00
P & I AMT: 13,262.24
UPB AMT: 1,857,176.18
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 157
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031073562 MORTGAGORS: CASPER RICHARD
CASPER BOBBY
REGION CODE ADDRESS : 539 SOUTH SIERRA AVENUE #94
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,801.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,432.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031073612 MORTGAGORS: CAIN DONALD
CAIN DEBRA
REGION CODE ADDRESS : 718 MIDDLETON DRIVE
01 CITY : BOULDER CREEK
STATE/ZIP : CA 95006
MORTGAGE AMOUNT : 276,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,294.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.22800
----------------------------------------------------------------
0 0031073794 MORTGAGORS: WALSH JAMES
REGION CODE ADDRESS : 94 ST. BOTOLPH STREET, UNIT #5
01 CITY : BOSTON
STATE/ZIP : MA 02116
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031073828 MORTGAGORS: FEE KEVIN
FEE SUSAN
REGION CODE ADDRESS : 1118 FOX GLEN DRIVE
01 CITY : ST CHARLES
STATE/ZIP : IL 60174
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,629.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,761.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031073851 MORTGAGORS: FRISKE DOUGLAS
SPILLMAN-FRISKE KRISTYN
REGION CODE ADDRESS : 2017 HIGHLAND AVENUE
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 368,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,642.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.83300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,730,300.00
P & I AMT: 12,509.02
UPB AMT: 1,729,360.19
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 158
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031073919 MORTGAGORS: POLMAN JOHN
POLMAN SUSIE
REGION CODE ADDRESS : 28032 N LIANA LANE
01 CITY : VALENCIA
STATE/ZIP : CA 91355
MORTGAGE AMOUNT : 251,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,268.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,779.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.67200
----------------------------------------------------------------
0 0031073984 MORTGAGORS: PLEADWELL JEFFREY
PLEADWELL MARIA
REGION CODE ADDRESS : 2335 HASTINGS DRIVE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,745.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,398.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.97872
----------------------------------------------------------------
0 0031074040 MORTGAGORS: GOLJAHI MANOUCHEHR
GORBANI RAFAT
REGION CODE ADDRESS : 5359 CHURCHWOOD DRIVE
01 CITY : AGOURA
STATE/ZIP : CA 91301
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.96700
----------------------------------------------------------------
0 0031074123 MORTGAGORS: LANDREVILLE AMY
REGION CODE ADDRESS : 1037-1039 JUDAH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031074172 MORTGAGORS: RIGNEY MICHAEL
RIGNEY MARSHA
REGION CODE ADDRESS : 2773 NORTH LAKE DRIVE
01 CITY : MILWAUKEE
STATE/ZIP : WI 53211
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,533,650.00
P & I AMT: 10,823.21
UPB AMT: 1,532,764.04
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 159
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031074198 MORTGAGORS: VANDELAARSCHOT WILLIAM
REGION CODE ADDRESS : 18426 ERIN BAY
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 281,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,996.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.97900
----------------------------------------------------------------
0 0031074206 MORTGAGORS: ORZA GEORGE
ORZA SYLVIA
REGION CODE ADDRESS : 1904 ROCKPORT WAY
01 CITY : EDMOND
STATE/ZIP : OK 73013
MORTGAGE AMOUNT : 357,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,353.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,592.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031074297 MORTGAGORS: KRUGEL LEONARD
KRUGEL MICHELE
REGION CODE ADDRESS : 8105 AMELIA COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78750
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031074412 MORTGAGORS: BOOS CRAIG
BOOS NELLIE
REGION CODE ADDRESS : 8937 S. GARNETT ROAD
01 CITY : BROKEN ARROW
STATE/ZIP : OK 78256
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031074438 MORTGAGORS: NAGLE JOHN
NAGLE SUSAN
REGION CODE ADDRESS : 338 DEER HOLLOW DRIVE
01 CITY : NAPA
STATE/ZIP : CA 94558
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.82500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,441,300.00
P & I AMT: 10,263.21
UPB AMT: 1,440,448.69
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 160
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031074537 MORTGAGORS: BUTTYAN EDWARD
BUTTYAN ELEANOR
REGION CODE ADDRESS : 8166 WAR GLORY PLACE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,770.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 51.18100
----------------------------------------------------------------
0 0031074545 MORTGAGORS: ANTONELLIS JOSEPH
ANTONELLIS DONNA
REGION CODE ADDRESS : 4421 CENTRAL AVENUE, UNIT A
01 CITY : OCEAN CITY
STATE/ZIP : NJ 08226
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,790.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,204.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031074552 MORTGAGORS: BRINDLE GARI
BRINDLE PETER
REGION CODE ADDRESS : 10023 SUNSET DRIVE
01 CITY : STONE HARBOR
STATE/ZIP : NJ 08247
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,798.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.63 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031074560 MORTGAGORS: KLOSOWIAK RENATA
REGION CODE ADDRESS : 2600 OLDMILL ROAD
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 318,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,296.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031074586 MORTGAGORS: SCHERER JOEL
SCHERER DAWN
REGION CODE ADDRESS : 10013 WESTWANDA DRIVE
01 CITY : (BEVERLY HILLS AREA) LOS
STATE/ZIP : CA 90210
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,499,500.00
P & I AMT: 10,737.18
UPB AMT: 1,498,436.47
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 161
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031074602 MORTGAGORS: POLLAK LEONARD
POLLAK IKUE
REGION CODE ADDRESS : 12285 SARATOGA CREEK DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 509,649.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,697.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031074800 MORTGAGORS: BOHDE ROBERT
BOHDE LINDA
REGION CODE ADDRESS : 13845 DORAL LANE
01 CITY : LOCKPORT
STATE/ZIP : IL 60441
MORTGAGE AMOUNT : 191,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 190,750.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,302.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.95900
----------------------------------------------------------------
0 0031074867 MORTGAGORS: BALDWIN FRANK
BALDWIN R
REGION CODE ADDRESS : 812 B AVENUE
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 406,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,706.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,873.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.22800
----------------------------------------------------------------
0 0031074875 MORTGAGORS: BYRNE FRANCES
BYRNE LINDA
REGION CODE ADDRESS : 133 PEBBLE PLACE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 251,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,681.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.94600
----------------------------------------------------------------
0 0031074909 MORTGAGORS: SANDERS MARGUERITE
SANDERS PETER
REGION CODE ADDRESS : 2810 HIGH RIDGE ROAD
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 520,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,770.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.41400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,878,850.00
P & I AMT: 13,492.82
UPB AMT: 1,877,786.56
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 162
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031075054 MORTGAGORS: DAMAVANDI JEFFREY
DAMAVANDI RASHEL
REGION CODE ADDRESS : 1401 CHAUTAUQUA BOULEVARD
01 CITY : PACIFIC PALISADES
STATE/ZIP : CA 90272
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031075112 MORTGAGORS: MATHENEY MARK
REGION CODE ADDRESS : 4700 HACKBERRY LANE
01 CITY : PARKER
STATE/ZIP : TX 75002
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,755.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,884.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031075138 MORTGAGORS: FICKLIN VERNON
FICKLIN DORA
REGION CODE ADDRESS : 20 VALLEY VIEW COURT
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,777.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.62500
----------------------------------------------------------------
0 0031075153 MORTGAGORS: OWEN JAMES
OWEN DENISE
REGION CODE ADDRESS : 250 REFUGIO ROAD
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 479,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,653.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,390.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.35294
----------------------------------------------------------------
0 0031075203 MORTGAGORS: LEUFFEN CHRIS
REGION CODE ADDRESS : 5538 LAS VIRGENES ROAD #141
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 125,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 125,311.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 898.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 92.88800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,755,400.00
P & I AMT: 12,707.59
UPB AMT: 1,754,186.55
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 163
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031075211 MORTGAGORS: PRICE THOMAS
REGION CODE ADDRESS : 3923 WEST 9TH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90019
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,840.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031075245 MORTGAGORS: WILLS MICHAEL
WILLS PATRICIA
REGION CODE ADDRESS : 6563 LIBERTY RIDGE DRIVE
01 CITY : HAMILTON
STATE/ZIP : OH 45011
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,634.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.81900
----------------------------------------------------------------
0 0031075344 MORTGAGORS: JOYER BOYD
JOYER JUDITH
REGION CODE ADDRESS : 74 PANORAMA
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,740.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 47.39300
----------------------------------------------------------------
0 0031075369 MORTGAGORS: OWENS JOHN
OWENS JOAN
REGION CODE ADDRESS : 1591 PROUTY DRIVE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 246,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,100.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.98800
----------------------------------------------------------------
0 0031075591 MORTGAGORS: CHANG JUNG
CHANG YOUNG
REGION CODE ADDRESS : 2315 ASHBURY CLOSE
01 CITY : POWELL
STATE/ZIP : OH 43065
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,488.54 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 : 61.53800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,333,700.00
P & I AMT: 9,516.38
UPB AMT: 1,331,803.39
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 164
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031075633 MORTGAGORS: HERMAN BRENDA
HERMAN JAY
REGION CODE ADDRESS : 14554 MAJESTIC EAGLE DR
01 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,473.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.14200
----------------------------------------------------------------
0 0031075690 MORTGAGORS: KOVARIK JOSEPH
MILETICH AMY
REGION CODE ADDRESS : 5193 E OXFORD AVE
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80110
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.77000
----------------------------------------------------------------
0 0031075716 MORTGAGORS: APPEL BRUCE
APPEL ELAINE
REGION CODE ADDRESS : 81 LINDEN STREET
01 CITY : HAMILTON
STATE/ZIP : MA 01982
MORTGAGE AMOUNT : 248,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,229.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031075724 MORTGAGORS: VAN ZANTEN ROBERT
VAN ZANTEN LOIS
REGION CODE ADDRESS : 71 GREENWOODS ROAD
01 CITY : OLD TAPPAN
STATE/ZIP : NJ 07675
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,813.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031075765 MORTGAGORS: SNYDER JAMES
SNYDER ELIZABETH
REGION CODE ADDRESS : 1650 GRANDVIEW DRIVE
01 CITY : HEBRON
STATE/ZIP : KY 41048
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,605.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.52000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,403,400.00
P & I AMT: 10,045.38
UPB AMT: 1,401,939.37
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 165
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031075773 MORTGAGORS: PASCARELLA ANTHONY
PASCARELLA MARY
REGION CODE ADDRESS : 10375 YELLOW LOCUST LN
01 CITY : DAYTON
STATE/ZIP : OH 45458
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,255.68 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 0031075815 MORTGAGORS: UHL ROBERT
UHL AINSLIE
REGION CODE ADDRESS : 1909 ST. MARY'S STREET
01 CITY : RALEIGH
STATE/ZIP : NC 27608
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 473,962.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,362.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.83100
----------------------------------------------------------------
0 0031075831 MORTGAGORS: FIXLER DON
FIXLER CHRISTINA
REGION CODE ADDRESS : 9875 CUNNINGHAM ROAD
01 CITY : CINCINNATI
STATE/ZIP : OH 45243
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,641.09 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 : 73.39400
----------------------------------------------------------------
0 0031075898 MORTGAGORS: CAP NICHOLAS
CAP GRACE
REGION CODE ADDRESS : 503 DOGWOOD COURT
01 CITY : MOON TWP
STATE/ZIP : PA 15108
MORTGAGE AMOUNT : 247,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,972.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.99100
----------------------------------------------------------------
0 0031075989 MORTGAGORS: PASEK BRADLEY
PASEK LAURA
REGION CODE ADDRESS : 937 APPLEBLOSSOM DRIVE
01 CITY : VILLA HILLS
STATE/ZIP : KY 41017
MORTGAGE AMOUNT : 248,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,098.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,779.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,707,200.00
P & I AMT: 12,197.40
UPB AMT: 1,702,929.68
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 166
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031076011 MORTGAGORS: TROMLEY RUSSELL
TROMLEY ELIZABETH
REGION CODE ADDRESS : 2352 OAKHURST LANE
01 CITY : LAKE OSWEGO
STATE/ZIP : OR 97034
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.19000
----------------------------------------------------------------
0 0031076102 MORTGAGORS: SERDAHL CHRISTIAN
TENDERO CLARISSA
REGION CODE ADDRESS : 44688 COUNTRY CLUB DRIVE
01 CITY : EL MACERO
STATE/ZIP : CA 95618
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
0 0031076185 MORTGAGORS: SLADE SANDRA
LETO SUSAN
REGION CODE ADDRESS : 2390 STEUEN DRIVE
01 CITY : CORONA
STATE/ZIP : CA 91719
MORTGAGE AMOUNT : 170,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 170,152.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,206.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031076235 MORTGAGORS: CHAPMAN RICHARD
CHAPMAN LYNNE
REGION CODE ADDRESS : 123 BRODIA WAY
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 557,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 556,596.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,942.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.51500
----------------------------------------------------------------
0 0031076243 MORTGAGORS: MORTON DONALD
MORTON STEPHANIE
REGION CODE ADDRESS : 26718 HAWKHURST DRIVE
01 CITY : RANCHOS PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 426,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,191.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,018.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.98100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,773,900.00
P & I AMT: 12,586.58
UPB AMT: 1,772,498.46
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 167
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031076250 MORTGAGORS: CHASE HARLAN
CHASE SHARON
REGION CODE ADDRESS : 13150 CUYAHOGA COURT
01 CITY : MANASSAS
STATE/ZIP : VA 20111
MORTGAGE AMOUNT : 273,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,992.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031076268 MORTGAGORS: PONCE EDUARDO
PONCE MARITZA
REGION CODE ADDRESS : 6557 WEST 85TH PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,829.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031076276 MORTGAGORS: MELAMED DARREN
MELAMED NANCY
REGION CODE ADDRESS : 9248 AIRDROME ST
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 258,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,571.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,876.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.93243
----------------------------------------------------------------
0 0031076342 MORTGAGORS: HARTZELL RANDALL
HANNA NEQUITA
REGION CODE ADDRESS : 11732 S 66TH EAST AVE
01 CITY : BIXBY
STATE/ZIP : OK 74008
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031076441 MORTGAGORS: WEISS KERRY
HUBER ELAINE
REGION CODE ADDRESS : 6 HIGH RIDGE CT
01 CITY : READINGTON
STATE/ZIP : NJ 08889
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,301.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.42857
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,523,950.00
P & I AMT: 10,973.92
UPB AMT: 1,523,186.79
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 168
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031076466 MORTGAGORS: BLANK RICHARD
BLANK LUCIA
REGION CODE ADDRESS : 3 TENNIS COURT LANE
01 CITY : RUMSON
STATE/ZIP : NJ 07760
MORTGAGE AMOUNT : 558,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 558,015.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,048.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.77100
----------------------------------------------------------------
0 0031076565 MORTGAGORS: PELLEGRINO JOSEPH
PELLEGRINO SUSAN
REGION CODE ADDRESS : 95 BLACKBURN ROAD
01 CITY : BERNARDS TOWNSHIP
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,566.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,362.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 51.52000
----------------------------------------------------------------
0 0031076672 MORTGAGORS: FOX DONALD
FOX BRENDA
REGION CODE ADDRESS : 1620 HALIFAX WAY
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 270,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,404.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
0 0031076706 MORTGAGORS: ARNOLD RICHARD
ARNOLD DONNA
REGION CODE ADDRESS : 3420 W 111TH DRIVE
01 CITY : WESTMINSTER
STATE/ZIP : CO 80030
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,796.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.60200
----------------------------------------------------------------
0 0031076714 MORTGAGORS: STERN MARCUS
MATTHEWS DOROTHY
REGION CODE ADDRESS : 4637 KIRKLAND PL.
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22311
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,026.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,684,200.00
P & I AMT: 12,144.59
UPB AMT: 1,682,809.02
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 169
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031076730 MORTGAGORS: COLLINS MICHAEL
REGION CODE ADDRESS : 4917 ROCKCREEK LANE
01 CITY : PLANO
STATE/ZIP : TX 75024
MORTGAGE AMOUNT : 131,456.00 OPTION TO CONVERT :
UNPAID BALANCE : 131,358.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 919.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031076748 MORTGAGORS: BARBERINI THOMAS
BARBERINI MICHELE
REGION CODE ADDRESS : 9705 CAMDEN HILLS AVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89128
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,771.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031076755 MORTGAGORS: ROBERTS KEN
WENG YANG
REGION CODE ADDRESS : 20551 CHAPIN COURT
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 252,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,707.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031076797 MORTGAGORS: OTT WILLIAM
OTT PATRICIA
REGION CODE ADDRESS : 820 FALLS POINT CIRCLE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,591.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,845.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0031076805 MORTGAGORS: LUCAS RICHARD
LUCAS JUDITH
REGION CODE ADDRESS : 31774 LEEWARD COURT
01 CITY : AVON LAKE
STATE/ZIP : OH 44012
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,404.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/17
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.74600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,573,356.00
P & I AMT: 11,298.63
UPB AMT: 1,571,833.56
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 170
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031076813 MORTGAGORS: LUONG VAN
UONG MY-NHUNG
REGION CODE ADDRESS : 1177 N PARK VICTORIA DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031077100 MORTGAGORS: FARLEY PAMELA
REGION CODE ADDRESS : 216 PENN VALLEY TERRACE
01 CITY : LOWER MAKERFIELD TOWNSHIP
STATE/ZIP : PA 19067
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,074.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 85.00000
----------------------------------------------------------------
0 0031077118 MORTGAGORS: PEED ROBERT
REGION CODE ADDRESS : 2512 OAK HILL OVERLOOK
01 CITY : DULUTH
STATE/ZIP : GA 30155
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,643.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,356.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031077126 MORTGAGORS: PETRUSHKA MICHAEL
PETRUSHKA JUDITH
REGION CODE ADDRESS : 350 FOREST AVENUE
01 CITY : GLEN ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 394,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,788.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031077134 MORTGAGORS: LUBIN JAY
LUBIN LINDA
REGION CODE ADDRESS : 70 NOD HILL ROAD
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,761.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.69000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,718,250.00
P & I AMT: 12,195.23
UPB AMT: 1,717,298.20
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 171
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031077217 MORTGAGORS: HULSE WILLIAM
HULSE SUSAN
REGION CODE ADDRESS : 3861 BROOKDALE BOULEVARD
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94546
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031077225 MORTGAGORS: OWENS RONALD
OWENS ELIZABETH
REGION CODE ADDRESS : 2503 UNION STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94123
MORTGAGE AMOUNT : 582,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 581,568.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,069.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.75000
----------------------------------------------------------------
0 0031077449 MORTGAGORS: LIU AMY
REGION CODE ADDRESS : 6592 FIRE DANCE COURT
01 CITY : SPARKS
STATE/ZIP : NV 89436
MORTGAGE AMOUNT : 222,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,058.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031077464 MORTGAGORS: KRAMER CLAUDIA
KRAMER HARRY
REGION CODE ADDRESS : 327 MERRITT DRIVE
01 CITY : ORADELL
STATE/ZIP : NJ 07649
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,235.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031077514 MORTGAGORS: KILKER FRED
KILKER DOROTHY
REGION CODE ADDRESS : 15746 E. OCOTILLO DRIVE
01 CITY : FOUNTAIN HILLS
STATE/ZIP : AZ 85268
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,592,000.00
P & I AMT: 11,429.52
UPB AMT: 1,590,879.88
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 172
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031077654 MORTGAGORS: MARTIN GARY
MARTIN BRENDA
REGION CODE ADDRESS : 55 IVANHOE DRIVE
01 CITY : TOPSHAM
STATE/ZIP : ME 04086
MORTGAGE AMOUNT : 112,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 112,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 769.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031077803 MORTGAGORS: LONICH MICHAEL
LONICH JANET
REGION CODE ADDRESS : 2629 CALLE ONICE
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 348,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,197.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,466.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99550
----------------------------------------------------------------
0 0031077829 MORTGAGORS: BARGE BRUCE
BARGE CAROL
REGION CODE ADDRESS : 2618 CALLE ONICE
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92736
MORTGAGE AMOUNT : 358,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,576.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,478.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.96100
----------------------------------------------------------------
0 0031077902 MORTGAGORS: JUSTIS DAVID
JUSTIS COLLEEN
REGION CODE ADDRESS : 5041 66TH STREET WEST
01 CITY : EDINA
STATE/ZIP : MN 55439
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,417.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031078041 MORTGAGORS: DILLON THOMAS
DILLON BONNIE
REGION CODE ADDRESS : 3101 E DESERT BROOM WAY
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 233,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,331.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.70100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,299,200.00
P & I AMT: 9,084.28
UPB AMT: 1,298,323.46
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 173
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031078132 MORTGAGORS: GINSBERG ALAN
GINSBERG REBECCA
REGION CODE ADDRESS : 16 WILDFLOWER COURT
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.92200
----------------------------------------------------------------
0 0031078272 MORTGAGORS: LEE WILLIAM
LEE JEAN
REGION CODE ADDRESS : 1141 KOOHOO PLACE
01 CITY : KAILUA
STATE/ZIP : HI 96734
MORTGAGE AMOUNT : 451,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,173.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,195.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031078348 MORTGAGORS: KEMPER ALBERT
KEMPER ANNA
REGION CODE ADDRESS : 4118 KILBOURNE ROAD
01 CITY : COLUMBIA
STATE/ZIP : SC 29205
MORTGAGE AMOUNT : 238,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,436.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.98100
----------------------------------------------------------------
0 0031078454 MORTGAGORS: STURDEVANT PATRICIA
REGION CODE ADDRESS : 1528 31ST ST NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,762.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031078470 MORTGAGORS: JOHNSON ROBERT
REGION CODE ADDRESS : 62 ALEXANDER ROAD
01 CITY : LONDONDERRY
STATE/ZIP : NH 03053
MORTGAGE AMOUNT : 255,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,987.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,700.00
P & I AMT: 10,680.28
UPB AMT: 1,488,359.11
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 174
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031078488 MORTGAGORS: BUCHANNAN JOHN
BUCHANNAN JUDITH
REGION CODE ADDRESS : 10120 ANGELO CIRCLE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 574,573.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,020.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031078496 MORTGAGORS: QUANDEE FREDERICK
QUANDEE KATHLEEN
REGION CODE ADDRESS : 1727 IDAHO AVENUE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92027
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031078546 MORTGAGORS: KLESHOCK MARK
KLESHOCK CYNTHIA
REGION CODE ADDRESS : 3814 E. AMBERWOOD DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85044
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.85700
----------------------------------------------------------------
0 0031078637 MORTGAGORS: MCDANIEL H.
REGION CODE ADDRESS : 4 WOODLAND DRIVE
01 CITY : MANSFIELD
STATE/ZIP : TX 76063
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 : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031078702 MORTGAGORS: VAEZ JOSEPH
O'BRIEN-VAEZ COLETTE
REGION CODE ADDRESS : 238 IRVING STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 36.36300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,929,000.00
P & I AMT: 13,814.63
UPB AMT: 1,927,636.20
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 175
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031078835 MORTGAGORS: LYNN NANCY
REGION CODE ADDRESS : 31938 WATERGATE COURT
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 242,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,991.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 69.18500
----------------------------------------------------------------
0 0031078892 MORTGAGORS: JELKIN GILMAN
JELKIN LINDA
REGION CODE ADDRESS : 5570 CAMINO BESAR
01 CITY : YORBA LINDA
STATE/ZIP : CA 92687
MORTGAGE AMOUNT : 236,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,333.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.57600
----------------------------------------------------------------
0 0031079023 MORTGAGORS: FOWLER RICHARD
FOWLER MARTHA
REGION CODE ADDRESS : 2325 ASBURY AVENUE
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 194,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 194,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,341.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 53.23287
----------------------------------------------------------------
0 0031079098 MORTGAGORS: TYERS JOHN
REGION CODE ADDRESS : 2896 MITCHELL COVE
01 CITY : ATLANTA
STATE/ZIP : GA 30319
MORTGAGE AMOUNT : 206,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 206,254.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,478.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031079106 MORTGAGORS: ARNOLD JEFFREY
ARNOLD BARBARA
REGION CODE ADDRESS : 6515 BISCAYNE BOULEVARD
01 CITY : EDINA
STATE/ZIP : MN 55436
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.85700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,209,350.00
P & I AMT: 8,620.35
UPB AMT: 1,208,634.09
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 176
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031079189 MORTGAGORS: HEMPHILL MANTALENE
REGION CODE ADDRESS : 15600 HENRIETTA DRIVE
01 CITY : ACCOKEEK
STATE/ZIP : MD 20607
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,249.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,359.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031079239 MORTGAGORS: ROBERSON JAMES
ROBERSON AIMEE
REGION CODE ADDRESS : 30 EISENHOWER LANE
01 CITY : (COTO DE CAZA AREA) ORANG
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 342,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,664.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0031079379 MORTGAGORS: PADULA WILLIAM
PADULA THERESA
REGION CODE ADDRESS : 36 EAGLE NEST ROAD
01 CITY : MORRIS TOWNSHIP
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,209.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031079437 MORTGAGORS: MCCAHILL JAMES
MCCAHILL MARGARET
REGION CODE ADDRESS : 5346 RENAISSANCE AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,765.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,658.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.55500
----------------------------------------------------------------
0 0031079601 MORTGAGORS: MONGKOLLUGSANA JACKRIT
REGION CODE ADDRESS : 778 SOUTHBLUFF DRIVE
01 CITY : WESTERVILLE
STATE/ZIP : OH 43082
MORTGAGE AMOUNT : 165,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,880.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,167.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 46.47800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,651,400.00
P & I AMT: 11,881.64
UPB AMT: 1,650,559.95
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 177
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031079627 MORTGAGORS: LUSH MICHAEL
LUSH MOLLY
REGION CODE ADDRESS : 7602 GLEN RIDGE DRIVE
01 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 288,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,546.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,068.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.94100
----------------------------------------------------------------
0 0031079635 MORTGAGORS: WALDRON JOHN
WALDRON MARY
REGION CODE ADDRESS : 8901 ROYAL DRIVE
01 CITY : BURR RIDGE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,769.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.81600
----------------------------------------------------------------
0 0031079726 MORTGAGORS: ICE PETER
SAVADA ICE NANCY
REGION CODE ADDRESS : 124 LAUREL AVENUE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031079791 MORTGAGORS: DAMRON MICHAEL
DAMRON BEVERLY
REGION CODE ADDRESS : 1113 VIA LATINA DRIVE
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,703.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,693.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
0 0031079841 MORTGAGORS: TATARANOWICZ THOMAS
TATARANOWICZ DEBORAH
REGION CODE ADDRESS : 24715 W. SADDLEPEAK ROAD
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 630,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 629,544.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,459.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,034,750.00
P & I AMT: 14,388.05
UPB AMT: 2,033,273.87
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 178
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031080039 MORTGAGORS: SIMPSON JOHN
SIMPSON STACY
REGION CODE ADDRESS : 122 HILLVIEW AVENUE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031080096 MORTGAGORS: COPPOLA THEODORE
COPPOLA KATHLEEN
REGION CODE ADDRESS : 17 WYMAN LANE
01 CITY : MARLBOROUGH
STATE/ZIP : MA 01752
MORTGAGE AMOUNT : 329,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,943.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,245.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.98100
----------------------------------------------------------------
0 0031080112 MORTGAGORS: BURKENBINE ROBERT
BURKENBINE JULIE
REGION CODE ADDRESS : 2635 ROSSMERE ST.
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80919
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,325.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031080146 MORTGAGORS: DOWNS DANNY
DOWNS JOANNE
REGION CODE ADDRESS : 8102 S COLLEGE AVENUE
01 CITY : TEMPE
STATE/ZIP : AZ 85284
MORTGAGE AMOUNT : 258,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,117.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,850.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031080203 MORTGAGORS: ROTHEMICH STEPHEN
ROTHEMICH GERI
REGION CODE ADDRESS : 11509 THAMESFORD COURT
01 CITY : RICHMOND
STATE/ZIP : VA 23233
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,256.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,296.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.69100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,636,500.00
P & I AMT: 11,526.60
UPB AMT: 1,635,540.42
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 179
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031080344 MORTGAGORS: CROOKHORN EDMUND
CROOKHORN KATHLEEN
REGION CODE ADDRESS : 6 LENAPE TRAIL
01 CITY : CEDAR GROVE
STATE/ZIP : NJ 07009
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,765.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.21500
----------------------------------------------------------------
0 0031080401 MORTGAGORS: HULL TOMAS
HULL CARLOTA
REGION CODE ADDRESS : 12 ASTER COURT
01 CITY : BELLE MEAD
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 340,320.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,067.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,379.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031080443 MORTGAGORS: PATTERSON CHRISTOPHER
PATTERSON TERI
REGION CODE ADDRESS : 7801 LYTHAM PLACE
01 CITY : IJAMSVILLE
STATE/ZIP : MD 21754
MORTGAGE AMOUNT : 263,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,294.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031080492 MORTGAGORS: WOLFF RICHARD
WOLFF JOAN
REGION CODE ADDRESS : 11008 ROSEMONT DR.
01 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 347,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,695.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,457.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031080518 MORTGAGORS: SCOBIE RICHARD
SCOBIE CYNTHIA
REGION CODE ADDRESS : 160 WORCESTER LANE
01 CITY : WALTHAM
STATE/ZIP : MA 02154
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,600.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,179.29 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: 1,548,020.00
P & I AMT: 10,860.39
UPB AMT: 1,546,423.74
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 180
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031080534 MORTGAGORS: NYDES DAVID
ROS-NYDES JUDY
REGION CODE ADDRESS : ROUTE 19 BOX 90-15
01 CITY : SANTA FE
STATE/ZIP : NM 87505
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.41100
----------------------------------------------------------------
0 0031080567 MORTGAGORS: SIERRA ALFONSO
SIERRA SARA
REGION CODE ADDRESS : 428 LOWELL ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,450.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.34900
----------------------------------------------------------------
0 0031080609 MORTGAGORS: PFOUTS RICHARD
PFOUTS MAEDENE
REGION CODE ADDRESS : 991 IRONWOOD CIRCLE
01 CITY : AKRON
STATE/ZIP : OH 44312
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,619.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031080625 MORTGAGORS: YUN CHONG
REGION CODE ADDRESS : 313 MARTEL COURT
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 310,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,047.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,303.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031080633 MORTGAGORS: GERMANO ROY
GERMANO DEBORAH
REGION CODE ADDRESS : 9305 SPRINGBROOKE CIRCLE
01 CITY : LOUISVILLE
STATE/ZIP : KY 40241
MORTGAGE AMOUNT : 363,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,985.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,604.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.02100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,571,750.00
P & I AMT: 11,139.88
UPB AMT: 1,569,674.08
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 181
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031080708 MORTGAGORS: FRAME JAMES
REGION CODE ADDRESS : 655 NORTH EL MOLINO AVENUE
01 CITY : PASADENA
STATE/ZIP : CA 91101
MORTGAGE AMOUNT : 305,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,109.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,295.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.35000
----------------------------------------------------------------
0 0031080757 MORTGAGORS: LALONE JOHN
LALONE JANET
REGION CODE ADDRESS : 5816 SAND PEBBLE PL.
01 CITY : RALEIGH
STATE/ZIP : NC 27613
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 : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.74600
----------------------------------------------------------------
0 0031080948 MORTGAGORS: MARCUS JONATHAN
MARCUS CHERYL
REGION CODE ADDRESS : 6 FARMLAND CIRCLE
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,645.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.24000
----------------------------------------------------------------
0 0031080963 MORTGAGORS: BRAIDMAN STANLEY
BRAIDMAN LORRIE
REGION CODE ADDRESS : 400 EAST OHIO STREET #2703
01 CITY : CHICAGO
STATE/ZIP : IL 60611
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,671.45 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 : 62.70200
----------------------------------------------------------------
0 0031081037 MORTGAGORS: BISNER MICHAEL
BISNER KERRI
REGION CODE ADDRESS : 62 HARBORTON-WOODSVILLE ROAD
01 CITY : HOPEWELL TWP.
STATE/ZIP : NJ 08534
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,597.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,307,500.00
P & I AMT: 9,384.16
UPB AMT: 1,305,652.18
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 182
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031081052 MORTGAGORS: LUND H.
REGION CODE ADDRESS : 1213 EAST HICKENLOOPER WAY
01 CITY : DRAPER
STATE/ZIP : UT 84020
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,670.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.69500
----------------------------------------------------------------
0 0031081086 MORTGAGORS: JAMES SELINA
JAMES JOHN
REGION CODE ADDRESS : 940 TANWORTH DRIVE
01 CITY : RALEIGH
STATE/ZIP : NC 27615
MORTGAGE AMOUNT : 223,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,661.63 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 0031081102 MORTGAGORS: FREEMAN JON
FREEMAN DEBORAH
REGION CODE ADDRESS : 24111 LETCHWORTH ROAD
01 CITY : BEACHWOOD
STATE/ZIP : OH 44122
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,577.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,218.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.42800
----------------------------------------------------------------
0 0031081193 MORTGAGORS: ROCKSTROH JERRY
ROCKSTROH CATHERINE
REGION CODE ADDRESS : 1929 CLUBHOUSE DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 240,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,974.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.43900
----------------------------------------------------------------
0 0031081219 MORTGAGORS: WILSON MICHAEL
WILSON PATRICIA
REGION CODE ADDRESS : 711 WYNDSOR CREEK
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,640.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,274,700.00
P & I AMT: 9,183.67
UPB AMT: 1,272,524.63
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 183
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031081227 MORTGAGORS: MARKETT JEFFREY
MARKETT JENNIFER
REGION CODE ADDRESS : 6N 385 FERSON WOODS
01 CITY : ST CHARLES
STATE/ZIP : IL 60175
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,256.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031081250 MORTGAGORS: FEINSTEIN TODD
FEINSTEIN SHERRIE
REGION CODE ADDRESS : 80 EAST MULBERRY RD.
01 CITY : DEERFIELD
STATE/ZIP : IL 60015
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031081318 MORTGAGORS: ZEMBRODT STEVEN
ZEMBRODT KIMBERLY
REGION CODE ADDRESS : 3033 BARON'S COVE
01 CITY : EDGEWOOD
STATE/ZIP : KY 41017
MORTGAGE AMOUNT : 256,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,827.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,813.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.99200
----------------------------------------------------------------
0 0031081342 MORTGAGORS: IVES WILLIAM
IVES LAURA
REGION CODE ADDRESS : 1558 QUEENS ROAD W.
01 CITY : CHARLOTTE
STATE/ZIP : NC 28207
MORTGAGE AMOUNT : 555,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 554,173.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,880.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031081359 MORTGAGORS: LAKIC SLOBODANKA
REGION CODE ADDRESS : 508 LEE STREET - UNIT E1
01 CITY : EVANSTON
STATE/ZIP : IL 60202
MORTGAGE AMOUNT : 110,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 110,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 759.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,413,200.00
P & I AMT: 9,998.95
UPB AMT: 1,410,895.32
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 184
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031081375 MORTGAGORS: GRIFFITH TERRY
GRIFFITH VALERIE
REGION CODE ADDRESS : 7505 ALPATH ROAD
01 CITY : NEW ALBANY
STATE/ZIP : OH 43054
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,370.67 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 : 90.00000
----------------------------------------------------------------
0 0031081391 MORTGAGORS: SANTORO THOMAS
SANTORO MICHELLE
REGION CODE ADDRESS : 1122 THELIN COURT
01 CITY : BATAVIA
STATE/ZIP : IL 60510
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031081409 MORTGAGORS: VONIER JOHN
VONIER NANCY
REGION CODE ADDRESS : 3451 LADY MARIAN COURT
01 CITY : MIDLOTHIAN
STATE/ZIP : VA 23113
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,334.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,359.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/22
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.25000
----------------------------------------------------------------
0 0031081433 MORTGAGORS: MORRISON THOMAS
MORRISON ANNA
REGION CODE ADDRESS : 12930 WEST HAWTHORNE LANE
01 CITY : NEW BERLIN
STATE/ZIP : WI 53151
MORTGAGE AMOUNT : 275,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.56400
----------------------------------------------------------------
0 0031081458 MORTGAGORS: FRANCIS NORVAL
REGION CODE ADDRESS : 1522 KINGMAN PL NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20005
MORTGAGE AMOUNT : 231,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,988.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,347,500.00
P & I AMT: 9,790.94
UPB AMT: 1,345,148.73
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 185
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031081466 MORTGAGORS: YOURIST HARRY
YOURIST ROSALIE
REGION CODE ADDRESS : 11303 S LAKE STEVENS RD
01 CITY : LAKE STEVENS
STATE/ZIP : WA 98258
MORTGAGE AMOUNT : 419,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,075.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,934.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.13500
----------------------------------------------------------------
0 0031081474 MORTGAGORS: TABING MARK
TABING MIHYON
REGION CODE ADDRESS : 5621 ANTELOPE TRAIL
01 CITY : SANTA MARIA
STATE/ZIP : CA 93455
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,315.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.29500
----------------------------------------------------------------
0 0031081508 MORTGAGORS: GERMAK JOHN
GERMAK KATHLEEN
REGION CODE ADDRESS : 5613 RISBOROUGH DR.
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,344.43 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 0031081565 MORTGAGORS: KLOPE WILLIAM
KLOPE ELLEN MARIA
REGION CODE ADDRESS : 7491 NIXON COURT
01 CITY : VENTURA
STATE/ZIP : CA 93003
MORTGAGE AMOUNT : 322,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,160.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,254.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031081573 MORTGAGORS: STURONAS JOSEPH
STURONAS KIMBERLY
REGION CODE ADDRESS : 28607 WINDMERE COURT
01 CITY : LAKE BLUFF
STATE/ZIP : IL 60044
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.87500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,516,600.00
P & I AMT: 10,708.77
UPB AMT: 1,514,592.24
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 186
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031081581 MORTGAGORS: TEACH EDWARD
TEACH GAIL
REGION CODE ADDRESS : 16 HARTLEY ROAD
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,784.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031081607 MORTGAGORS: TAILOR NARENDRA
TAILOR DAKSHA
REGION CODE ADDRESS : 22389 N WINDSOR COURT
01 CITY : KILDEER
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 391,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,460.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,835.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.79600
----------------------------------------------------------------
0 0031081664 MORTGAGORS: SANTORO FRANK
SANTORO DANA
REGION CODE ADDRESS : 110 HAVENWOOD COURT
01 CITY : CRANBERRY TWP.
STATE/ZIP : PA 16066
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,495.90 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 0031081706 MORTGAGORS: VERBECK STEVEN
VERBECK ELAINE
REGION CODE ADDRESS : 3041 SHADE ROAD
01 CITY : BATH
STATE/ZIP : OH 44333
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,593.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.53300
----------------------------------------------------------------
0 0031081797 MORTGAGORS: SIMPSON THOMAS
HUNT PAMELA
REGION CODE ADDRESS : 1605 TAHITI AVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,461.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,827.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,569,000.00
P & I AMT: 11,174.96
UPB AMT: 1,566,795.64
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 187
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031081854 MORTGAGORS: ALTHAGE ROBERT
ALTHAGE KATHRYN
REGION CODE ADDRESS : 18120 NEW HAMPSHIRE AVENUE
01 CITY : ASHTON
STATE/ZIP : MD 20806
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 58.75000
----------------------------------------------------------------
0 0031081888 MORTGAGORS: SWANE STEVE
SWANE ANNE
REGION CODE ADDRESS : 42 GALE ROAD
01 CITY : HAMPTON
STATE/ZIP : NH 03842
MORTGAGE AMOUNT : 369,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,258.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,817.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031081896 MORTGAGORS: FULTZ MICHAEL
REGION CODE ADDRESS : 841 SOUTH DRAKE AVENUE
01 CITY : CLAREMONT
STATE/ZIP : CA 91711
MORTGAGE AMOUNT : 132,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 132,216.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 960.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.86900
----------------------------------------------------------------
0 0031081904 MORTGAGORS: LITTLEFIELD JERALD
REGION CODE ADDRESS : 1108 PADRE KINO
01 CITY : SANTA FE
STATE/ZIP : NM 87501
MORTGAGE AMOUNT : 625,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 624,547.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,423.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 49.01960
----------------------------------------------------------------
0 0031081912 MORTGAGORS: POMERANCE NORMAN
POMERANCE DIANE
REGION CODE ADDRESS : 422 WOLF RUN
01 CITY : BARTONVILLE
STATE/ZIP : TX 76226
MORTGAGE AMOUNT : 317,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,725.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,277.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.12000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,679,450.00
P & I AMT: 12,142.78
UPB AMT: 1,675,577.90
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 188
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031082035 MORTGAGORS: SUYAMA SUSAN
REGION CODE ADDRESS : 116 COURTRIGHT ROAD
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,050.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031082050 MORTGAGORS: MELENDEZ RENALDO
MELENDEZ MARCIA
REGION CODE ADDRESS : 9242 SW 93 STREET
01 CITY : MIAMI
STATE/ZIP : FL 33176
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,798.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.94200
----------------------------------------------------------------
0 0031082068 MORTGAGORS: HERNANDEZ ALBERT
HERNANDEZ RAE
REGION CODE ADDRESS : 10 MARIPOSA
01 CITY : DOVE CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 246,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,566.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 88.17800
----------------------------------------------------------------
0 0031082464 MORTGAGORS: MORITA DENNIS
MORITA JO LYNN
REGION CODE ADDRESS : 28602 LOMO DR
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 265,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,523.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,904.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.31600
----------------------------------------------------------------
0 0031082738 MORTGAGORS: MAEDA MICHAEL
MAEDA GEORGE
REGION CODE ADDRESS : 95-224 AHUNALII PLACE
01 CITY : MILILANI
STATE/ZIP : HI 96789
MORTGAGE AMOUNT : 260,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,142.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99378
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,299,550.00
P & I AMT: 9,367.78
UPB AMT: 1,298,080.94
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 189
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031082753 MORTGAGORS: CORTEZ ROBERT
CORTEZ ELLEN
REGION CODE ADDRESS : 1125 DAVIS WAY
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 174,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 174,532.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,281.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031082779 MORTGAGORS: MURPHY SUSAN
VON KALLENBACH DEAN
REGION CODE ADDRESS : 88 VIRGINIA STREET, UNIT # 3
01 CITY : SEATTLE
STATE/ZIP : WA 98101
MORTGAGE AMOUNT : 282,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,844.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98700
----------------------------------------------------------------
0 0031082886 MORTGAGORS: YELVERTON NANCY
NYGREN PHILIP
REGION CODE ADDRESS : 987 DOGWOOD DRIVE
01 CITY : GOLDEN
STATE/ZIP : CO 80401
MORTGAGE AMOUNT : 255,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,660.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031082944 MORTGAGORS: LANGLEY CURT
LANGLEY ASHLEY
REGION CODE ADDRESS : 6243 TERRWILLIGER WAY
01 CITY : HOUSTON
STATE/ZIP : TX 77057
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,440.62 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 : 71.70800
----------------------------------------------------------------
0 0031082951 MORTGAGORS: GROSWALD DOUGLAS
GROSWALD DIANE
REGION CODE ADDRESS : 1468 GWYNMERE RUN
01 CITY : CARMEL
STATE/ZIP : IN 46032
MORTGAGE AMOUNT : 362,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,500.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.87700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,331,150.00
P & I AMT: 9,532.12
UPB AMT: 1,328,977.91
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 190
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031082985 MORTGAGORS: HUBBARD JOHN
HUBBARD CAROL
REGION CODE ADDRESS : 510 MANOR RIDGE DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 234,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,679.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.60000
----------------------------------------------------------------
0 0031083066 MORTGAGORS: HOELLEN DEBORAH
REGION CODE ADDRESS : 6 BROOKSIDE DRIVE
01 CITY : LITTLETON
STATE/ZIP : CO 80121
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,654.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.10200
----------------------------------------------------------------
0 0031083074 MORTGAGORS: CORRADINI JOHN
REGION CODE ADDRESS : 465 SINGING HILLS DRIVE
01 CITY : LONSDALE
STATE/ZIP : MN 55046
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,036.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98700
----------------------------------------------------------------
0 0031083165 MORTGAGORS: NABOURS ROBERT
NABOURS JANE
REGION CODE ADDRESS : 5201 E. SALIDA DEL SOL
01 CITY : TUCSON
STATE/ZIP : AZ 85718
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,553.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.09300
----------------------------------------------------------------
0 0031083199 MORTGAGORS: PALLANDRE ELIE
PALLANDRE CANDITH
REGION CODE ADDRESS : 3601 T. ST. NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 250,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,929.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.26500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,266,050.00
P & I AMT: 9,061.89
UPB AMT: 1,264,174.42
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 191
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031083207 MORTGAGORS: FRANCIS R.
REGION CODE ADDRESS : 6386 N. DESERT WIND CR.
01 CITY : TUCSON
STATE/ZIP : AZ 85715
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.51900
----------------------------------------------------------------
0 0031083223 MORTGAGORS: KIRKHAM KATE
REGION CODE ADDRESS : 7405 DINES RD.
01 CITY : NOVELTY
STATE/ZIP : OH 44072
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,150.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,298.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 35.29400
----------------------------------------------------------------
0 0031083454 MORTGAGORS: ALMADER GABRIEL
ALMADER FRANCISCA
REGION CODE ADDRESS : 862 ARCHER STREET
01 CITY : MONTEREY
STATE/ZIP : CA 93940
MORTGAGE AMOUNT : 188,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 187,746.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,379.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031083496 MORTGAGORS: BURNS JACK
BURNS SUSAN
REGION CODE ADDRESS : 1363 NATHAN HALE DRIVE
01 CITY : PHOENIXVIFLLE
STATE/ZIP : PA 19460
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031083546 MORTGAGORS: CARNEY SCOTT
UOO RHONDA
REGION CODE ADDRESS : 1331 ROSEANN DRIVE
01 CITY : MARTINEZ
STATE/ZIP : CA 94553
MORTGAGE AMOUNT : 142,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 142,607.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,047.82 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: 1,474,800.00
P & I AMT: 10,644.19
UPB AMT: 1,473,080.03
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 192
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031083629 MORTGAGORS: THOMAS RICHARD
THOMAS IKUKO
REGION CODE ADDRESS : 608 CREEKMORE COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 376,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,966.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,859.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031083652 MORTGAGORS: PRASINOS CHRISTINA
REGION CODE ADDRESS : 9811 MAYNARD TERRACE
01 CITY : NILES
STATE/ZIP : IL 60714
MORTGAGE AMOUNT : 168,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 168,170.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,163.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.26087
----------------------------------------------------------------
0 0031083710 MORTGAGORS: MORGAN NEIL
MORGAN DEBORAH
REGION CODE ADDRESS : 31231 AVENIDA TERRAMAR
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.23200
----------------------------------------------------------------
0 0031083785 MORTGAGORS: CASALE JAMES
CASALE CHERI
REGION CODE ADDRESS : 7339 WEST 90TH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,089.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031083793 MORTGAGORS: LUBOWITZ STEVEN
LUBOWITZ LAURIE
REGION CODE ADDRESS : 189 GARY ROAD
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 86.95600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,374,100.00
P & I AMT: 9,917.83
UPB AMT: 1,373,022.33
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 193
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031083843 MORTGAGORS: GARDIKAS DIMETRI
GARDIKAS MARY
REGION CODE ADDRESS : 6501 FRAMPTON CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,565.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,246.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.18700
----------------------------------------------------------------
0 0031083959 MORTGAGORS: BERNARDIN JOHN
BERNARDIN GAIL
REGION CODE ADDRESS : 336 BINGHAM ROAD
01 CITY : CARLISLE
STATE/ZIP : MA 01741
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031083983 MORTGAGORS: LECK SCOTT
LECK LOUISE
REGION CODE ADDRESS : 4189 MATTOS DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031084130 MORTGAGORS: OWEN GEORGE
REGION CODE ADDRESS : 653 PROSPECT STREET
01 CITY : MAPLEWOOD
STATE/ZIP : NJ 07040
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031084197 MORTGAGORS: WALQUIST BRIAN
WALQUIST ANITA
REGION CODE ADDRESS : 1429 E. BEECHWOOD STREET
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
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 : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,637,600.00
P & I AMT: 11,641.92
UPB AMT: 1,636,620.96
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 194
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031084387 MORTGAGORS: COWITZ JOHN
COWITZ MARY
REGION CODE ADDRESS : 740 EVANS ROAD
01 CITY : SAN LUIS OBISPO
STATE/ZIP : CA 93401
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,077.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031084478 MORTGAGORS: ADLER MATTHEW
ADLER DANA
REGION CODE ADDRESS : 2401 NE 12TH STREET
01 CITY : FORT LAUDERDALE
STATE/ZIP : FL 33304
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,796.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031084585 MORTGAGORS: STEWART TODD
STEWART MELANIE
REGION CODE ADDRESS : 6 PRIMROSE LANE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,734.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,693.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031084650 MORTGAGORS: ILANGO MANI
ILANGO VANITA
REGION CODE ADDRESS : 1580 COUNTRY VISTAS LANE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91902
MORTGAGE AMOUNT : 240,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031084668 MORTGAGORS: MORDO DAVID
MORDO ARIELA
REGION CODE ADDRESS : 20644 ACADIA COURT
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.23077
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,606,600.00
P & I AMT: 11,510.93
UPB AMT: 1,604,971.44
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 195
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031084684 MORTGAGORS: MCCONNELL KEITH
FLOYD JENNETTE
REGION CODE ADDRESS : 123 FLYING CLOUD ISLE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 375,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,019.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,821.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.22900
----------------------------------------------------------------
0 0031084726 MORTGAGORS: ARANTE ALFREDO
ARANTE ROSALINDA
REGION CODE ADDRESS : 4549 OJAI LOOP
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,047.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.13330
----------------------------------------------------------------
0 0031084742 MORTGAGORS: PAGANO JOSEPH
PAGANO DONNA
REGION CODE ADDRESS : 6062 SUNNYCREST DRIVE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,094.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.37500
----------------------------------------------------------------
0 0031084775 MORTGAGORS: PICKERING JONATHAN
ROBINSON DEBORAH
REGION CODE ADDRESS : 117 CHETWOOD DRIVE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,585.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.76262
----------------------------------------------------------------
0 0031084783 MORTGAGORS: JONES GREGORY
BECKER JANELL
REGION CODE ADDRESS : 510 PEPPERWOOD COURT
01 CITY : BONITA
STATE/ZIP : CA 91902
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,808.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.33 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: 1,486,600.00
P & I AMT: 10,816.73
UPB AMT: 1,484,555.76
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 196
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031084791 MORTGAGORS: BOND SCOTT
REGION CODE ADDRESS : 2278 ORANGE AVENUE AND 202 ALBERT P
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 191,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 191,454.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,323.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031084809 MORTGAGORS: HUANG RICHARD
HUANG MEI
REGION CODE ADDRESS : 1068 WEST HILL COURT
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 537,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 536,276.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,940.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.06890
----------------------------------------------------------------
0 0031084817 MORTGAGORS: DAUTEL MICHAEL
REICKER CHERYL
REGION CODE ADDRESS : 1666 CHRISTINA DRIVE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,413.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,081.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.92900
----------------------------------------------------------------
0 0031084841 MORTGAGORS: MCCONNELL MICHAEL
MCCONNELL ROBIN
REGION CODE ADDRESS : 2070 OUTPOST DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,426.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,365.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031084866 MORTGAGORS: FREIBERGER WILLIAM
SUSSMAN BETH
REGION CODE ADDRESS : 14708 SUTTON STREET
01 CITY : (AREA OF SHERMAN OAKS)LOS
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,590.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,326.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.92800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,101,600.00
P & I AMT: 15,037.37
UPB AMT: 2,099,161.15
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 197
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031084874 MORTGAGORS: JAHR0MI MAHMOOD
MOHAGEG MICHELLE
REGION CODE ADDRESS : 7227 BERRY HILL DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,464.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,029.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031084890 MORTGAGORS: HARDY WILLIAM
HARDY LAURA
REGION CODE ADDRESS : 12803 DOE LANE
01 CITY : DARNESTOWN
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 292,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,493.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,096.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.70047
----------------------------------------------------------------
0 0031084981 MORTGAGORS: HO TSZ TAK
HO FRENDA
REGION CODE ADDRESS : 3528 WILLOW WREN PLACE
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,591.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,309.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.94800
----------------------------------------------------------------
0 0031085004 MORTGAGORS: TRANT WALTER
TRANT SUSAN
REGION CODE ADDRESS : 33412 SURF SHOAL
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 262,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,405.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.93100
----------------------------------------------------------------
0 0031085079 MORTGAGORS: EMERSON PETER
YRASTORZA LAURA
REGION CODE ADDRESS : 5871 SOUTH SHERIDAN BLVD.
01 CITY : LITTLETON
STATE/ZIP : CO 80123
MORTGAGE AMOUNT : 495,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,850.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,547.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,769,500.00
P & I AMT: 12,819.31
UPB AMT: 1,767,805.18
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 198
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031085285 MORTGAGORS: STAPLETON RONALD
STAPLETON CHERYL
REGION CODE ADDRESS : 84 CHARLES STREET
01 CITY : MANSFIELD
STATE/ZIP : MA 02048
MORTGAGE AMOUNT : 123,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 122,917.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 902.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 79.35400
----------------------------------------------------------------
0 0031085327 MORTGAGORS: AFSHAR VAHID
AFSHAR ROYA
REGION CODE ADDRESS : 182 CRESTVIEW DRIVE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 339,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,242.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,492.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.60700
----------------------------------------------------------------
0 0031085350 MORTGAGORS: BENETTI JOHN
BENETTI DEBRA
REGION CODE ADDRESS : 3310 VERMONT PLACE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 64.96600
----------------------------------------------------------------
0 0031085368 MORTGAGORS: DAVIDSON JOHN
DAVIDSON DEBRA
REGION CODE ADDRESS : 520 APACHE DRIVE
01 CITY : PLACENTIA
STATE/ZIP : CA 92670
MORTGAGE AMOUNT : 244,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,187.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 72.98500
----------------------------------------------------------------
0 0031085376 MORTGAGORS: GARCIA ARTHUR
GARCIA KATHLEEN
REGION CODE ADDRESS : 1131 CARNFORTH COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,358.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.84 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: 1,369,200.00
P & I AMT: 9,908.54
UPB AMT: 1,367,706.05
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 199
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031085392 MORTGAGORS: GARRISON DONNA
GARRISON DAVID
REGION CODE ADDRESS : 2323 EAST RUBY HILL DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,596.08 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 : 27.27200
----------------------------------------------------------------
0 0031085400 MORTGAGORS: CHOU BILL
CHOU GINA
REGION CODE ADDRESS : 48552 AVALON HEIGHTS TERRACE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,320.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,438.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.56500
----------------------------------------------------------------
0 0031085418 MORTGAGORS: FARLEY CALVIN
FARLEY CHRISTEN
REGION CODE ADDRESS : 54 AUTUMN LANE
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
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 : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.38000
----------------------------------------------------------------
0 0031085434 MORTGAGORS: KWON O
KWON HONG
REGION CODE ADDRESS : 43380 PASEO PADRE PKY
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,617.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.04600
----------------------------------------------------------------
0 0031085442 MORTGAGORS: PALMER SCOTT
PALMER DORIS
REGION CODE ADDRESS : 111 HILARY AVE
01 CITY : MT. VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,535.79 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 : 66.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,984,000.00
P & I AMT: 14,361.82
UPB AMT: 1,982,069.71
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 200
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031085459 MORTGAGORS: NGUYEN TUNG
LAM THUY
REGION CODE ADDRESS : 22346 MCCLELLAN RD
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 469,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,867.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,445.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 64.75800
----------------------------------------------------------------
0 0031085475 MORTGAGORS: REED JOHN
REED HENRIETTA
REGION CODE ADDRESS : 1695 VISTA DEL MONTE AVE
01 CITY : AUBURN
STATE/ZIP : CA 95603
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,537.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,278.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.65900
----------------------------------------------------------------
0 0031085558 MORTGAGORS: SOOHOO KENNETH
CHOU KATHRYN
REGION CODE ADDRESS : 908 BAYBERRY LANE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 403,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,457.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,957.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 62.00000
----------------------------------------------------------------
0 0031085566 MORTGAGORS: HINDIYEH DWAYNE
HINDIYEH LAURIE
REGION CODE ADDRESS : 5531 RIDGEWOOD DR
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,690.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 67.81600
----------------------------------------------------------------
0 0031085574 MORTGAGORS: BIDAIR MOHAMED
REGION CODE ADDRESS : 3634 7TH AVENUE #14-H
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,746,500.00
P & I AMT: 12,725.12
UPB AMT: 1,744,326.73
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 201
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031085707 MORTGAGORS: ZORZY JOHN
ZORZY JEAN
REGION CODE ADDRESS : 44983 IMNAHA COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 515,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 514,270.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,689.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.30700
----------------------------------------------------------------
0 0031085756 MORTGAGORS: CABRERA FRANK
CABRERA ELLEN
REGION CODE ADDRESS : 1860 COLUMBIA COURT
01 CITY : TRACY
STATE/ZIP : CA 95376
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,155.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031085764 MORTGAGORS: RAES RONALD
RAES CANDICE
REGION CODE ADDRESS : 17909 LAHEY STREET
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,628.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.76900
----------------------------------------------------------------
0 0031085772 MORTGAGORS: LIDDICOAT JOHN
LIDDICOAT STACY
REGION CODE ADDRESS : 2298 ALAMEDA DIABLO
01 CITY : DIABLO
STATE/ZIP : CA 94528
MORTGAGE AMOUNT : 479,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,250.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,267.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.96600
----------------------------------------------------------------
0 0031085780 MORTGAGORS: LOMBARDI STEPHEN
LOMBARDI DALE
REGION CODE ADDRESS : 3288 MELANIE CIRCLE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,113.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.71 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: 1,779,500.00
P & I AMT: 12,491.82
UPB AMT: 1,773,417.56
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 202
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031085798 MORTGAGORS: HENDERSON LISA
ALLEN JOAN
REGION CODE ADDRESS : 171 CRESCENT ROAD
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,337.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,480.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031085806 MORTGAGORS: ANDRADE NICHOLAS
MC DERMOTT JAMES
REGION CODE ADDRESS : 498 HOFFMAN AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,398.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,044.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.43900
----------------------------------------------------------------
0 0031085848 MORTGAGORS: KADOWAKI EILEEN
SHEAN SCOTT
REGION CODE ADDRESS : 2202 PULLMAN LANE #A
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 234,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,076.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031085855 MORTGAGORS: GLOADY RICHARD
GLOADY LORINE
REGION CODE ADDRESS : 13641 LYON PLACE
01 CITY : LA MIRADA
STATE/ZIP : CA 90638
MORTGAGE AMOUNT : 254,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,760.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031085863 MORTGAGORS: GARNER JERRY
GARNER ANITA
REGION CODE ADDRESS : 29127 GOLDEN MEADOW DRIVE
01 CITY : RANCHO PALOS VERDE
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,072.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,084.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.70100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,688,200.00
P & I AMT: 12,130.94
UPB AMT: 1,685,644.51
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 203
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031085871 MORTGAGORS: DIETZ STEVEN
DIETZ HILLARIE
REGION CODE ADDRESS : 11786 CALLE DE PALERMO
01 CITY : PACIFIC PALISADES AREA
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 800,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 799,489.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,010.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 72.72700
----------------------------------------------------------------
0 0031085939 MORTGAGORS: GIBBS WILLIAM
GIBBS DIANE
REGION CODE ADDRESS : 1914 NEWMAN PLACE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.57500
----------------------------------------------------------------
0 0031085962 MORTGAGORS: HELVOGT WILLIAM
MALOUFF JOSEPHINE
REGION CODE ADDRESS : 2331 EAST VISTA CANYON ROAD
01 CITY : ORANGE
STATE/ZIP : CA 92867
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031085996 MORTGAGORS: SHAHABIAN JAVAD
SHAHABIAN FARIDEH
REGION CODE ADDRESS : 27781 HIDDEN TRAIL ROAD
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,401.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,648.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031086010 MORTGAGORS: TULLY MICHAEL
TULLY DEBORAH
REGION CODE ADDRESS : 18637 SAN FELIPE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,080.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.72 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: 2,029,600.00
P & I AMT: 15,097.09
UPB AMT: 2,027,282.51
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 204
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031086051 MORTGAGORS: BURKHARD BEAT
BURKHARD-STEELE PAULA
REGION CODE ADDRESS : 225 CORBETT AVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
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 : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031086135 MORTGAGORS: LI TAO
LIU YUAN
REGION CODE ADDRESS : 836 LA SOLANA DRIVE
01 CITY : REDLANDS
STATE/ZIP : CA 92373
MORTGAGE AMOUNT : 536,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 535,344.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,938.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031086382 MORTGAGORS: MC NABB OTHO
MC NABB BEVERLY
REGION CODE ADDRESS : 15731 LIVE OAK ROAD
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 246,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,701.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031086432 MORTGAGORS: GILL KULJIT
GILL KIRANDEEP
REGION CODE ADDRESS : 6513 KELLS COURT
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 289,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031086440 MORTGAGORS: HUA YING
HUA CHEN
REGION CODE ADDRESS : 12868 WILLIAMS MEADOW COURT
01 CITY : HERNDON
STATE/ZIP : VA 22071
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,811.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,644,600.00
P & I AMT: 11,681.16
UPB AMT: 1,642,125.23
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 205
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031086549 MORTGAGORS: ERION JEFFREY
KEPPLER ERION JENNIFER
REGION CODE ADDRESS : 28061 MODJESKA GRADE ROAD
01 CITY : SILVERADO CANYON
STATE/ZIP : CA 92676
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031086788 MORTGAGORS: SANSON MICHAEL
REGION CODE ADDRESS : 26383 INGLESIDE WAY
01 CITY : MALIBU AREA
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 237,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,972.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031086812 MORTGAGORS: BERGMAN RONALD
BERGMAN KAREN
REGION CODE ADDRESS : 7140 RANCHO VERDE LANE
01 CITY : LOOMIS
STATE/ZIP : CA 95650
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,280.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.81000
----------------------------------------------------------------
0 0031086846 MORTGAGORS: GARZA JUDITH
REGION CODE ADDRESS : 10 SIERRA CIRCLE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,018.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,857.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031086895 MORTGAGORS: BOUSTANI MARIO
BOUSTANI LANA
REGION CODE ADDRESS : 18 ROSY FINCH LANE
01 CITY : ALISO VIEJO AREA
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,277.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,351,700.00
P & I AMT: 9,555.57
UPB AMT: 1,350,175.55
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 206
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031086978 MORTGAGORS: HARTLEY CAROLE
REGION CODE ADDRESS : 1342 VIA ARACENA
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 451,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,164.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,156.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.61700
----------------------------------------------------------------
0 0031087026 MORTGAGORS: BANKER JOSEPH
BANKER JENNIFER
REGION CODE ADDRESS : 5 TEMPE COURT
01 CITY : SCOTCH PLAINS
STATE/ZIP : NJ 07076
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.92700
----------------------------------------------------------------
0 0031087075 MORTGAGORS: MAHER THOMAS
REGION CODE ADDRESS : 1934 FOX HILLS DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,802.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,164.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 65.55500
----------------------------------------------------------------
0 0031087141 MORTGAGORS: CHUSTCKIE JEFFREY
CHUSTCKIE DEBORAH
REGION CODE ADDRESS : 4 ASPEN COURT
01 CITY : BRUNSWICK
STATE/ZIP : NJ 08816
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.81700
----------------------------------------------------------------
0 0031087158 MORTGAGORS: MAJOR-SOSIAS MARI
SOSIAS PAUL
REGION CODE ADDRESS : 18551 CAPE JASMINE WAY
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20879
MORTGAGE AMOUNT : 149,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,633.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,021.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,478,250.00
P & I AMT: 10,485.07
UPB AMT: 1,477,368.55
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 207
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031087166 MORTGAGORS: POLLARD DANIEL
POLLARD CYNTHIA
REGION CODE ADDRESS : 11441 LARMIER CIRCLE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,787.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031087232 MORTGAGORS: PAPPANO FRANK
PAPPANO MARGARET
REGION CODE ADDRESS : 19022 BAYHILL LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 491,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,670.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,602.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.83700
----------------------------------------------------------------
0 0031087356 MORTGAGORS: DOBBS GARY
DOBBS JANIE
REGION CODE ADDRESS : 3440 VERMONT PLACE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,545.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,218.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031087406 MORTGAGORS: CALLAHAN JOSEPH
CALLAHAN SUZANNE
REGION CODE ADDRESS : 955 HAMILTON AVENUE
01 CITY : PALO ALTO
STATE/ZIP : CA 94301
MORTGAGE AMOUNT : 785,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 784,445.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,623.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 50.64500
----------------------------------------------------------------
0 0031087448 MORTGAGORS: OWENS-LEWIS CONSTANCE
REGION CODE ADDRESS : 3029 VAN BUREN DR
01 CITY : ANTIOCH
STATE/ZIP : CA 94509
MORTGAGE AMOUNT : 79,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 78,989.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 574.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 56.89600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,940,200.00
P & I AMT: 13,946.59
UPB AMT: 1,938,440.12
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 208
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031087513 MORTGAGORS: NORTON TIMOTHY
IVEY MAGGIE
REGION CODE ADDRESS : 312 17TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 558,625.00 OPTION TO CONVERT :
UNPAID BALANCE : 558,240.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,050.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.88200
----------------------------------------------------------------
0 0031087653 MORTGAGORS: YIN ROBERT
YIN KYIN
REGION CODE ADDRESS : 16768 COLUMBIA DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,355.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.38500
----------------------------------------------------------------
0 0031087679 MORTGAGORS: KLEIN GARY
SAITZ DEBORAH
REGION CODE ADDRESS : 100 GREAT NECK ROAD
01 CITY : GREAT NECK
STATE/ZIP : NY 11021
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,642.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031087729 MORTGAGORS: WORMINGTON WILLIAM
WORMINGTON PAMELA
REGION CODE ADDRESS : 18217 SANDY COVE
01 CITY : HOUSTON
STATE/ZIP : TX 77058
MORTGAGE AMOUNT : 159,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,066.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,045.84 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.60000
----------------------------------------------------------------
0 0031087752 MORTGAGORS: BARLOW STEVE
BARLOW CHRISTINA
REGION CODE ADDRESS : 2444 PADDOCK DR
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,563.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.40 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: 1,512,825.00
P & I AMT: 10,828.87
UPB AMT: 1,510,868.68
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 209
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031087810 MORTGAGORS: FOSTER STEVEN
FOSTER JILL
REGION CODE ADDRESS : 1543 MONTALBAN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,596.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.47400
----------------------------------------------------------------
0 0031087851 MORTGAGORS: MARCK DENNIS
MARCK ROXY
REGION CODE ADDRESS : 4548 CAPE MAY AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92107
MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,759.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031087869 MORTGAGORS: YIM RANDY
YIM EMILY
REGION CODE ADDRESS : 2678 CALLE ALEGRE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,557.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,414.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 62.07500
----------------------------------------------------------------
0 0031087877 MORTGAGORS: HASLINGER PAUL
HASLINGER BEATE
REGION CODE ADDRESS : 20602 DEFOREST STREET
01 CITY : LOS ANGELES WOODLAND HILL
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,439.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,052.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031087885 MORTGAGORS: SCHMIDT HASTINGS
SCHMIDT TERRIGENE
REGION CODE ADDRESS : 3790 HARRISON GRADE ROAD
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,144.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 59.20300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,616,200.00
P & I AMT: 11,803.78
UPB AMT: 1,613,497.24
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 210
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031087893 MORTGAGORS: HAVNER RONALD
HAVNER HENRIETTA
REGION CODE ADDRESS : 1038 LORRAINE DRIVE
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,590.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031087927 MORTGAGORS: COOKE JEFFREY
COOKE JULIET
REGION CODE ADDRESS : 1830 DELTA ROAD
01 CITY : KNIGHTSEN
STATE/ZIP : CA 94548
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,921.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031088040 MORTGAGORS: BARTLETT NANCY
GAMBONE DAVID
REGION CODE ADDRESS : 101 BLOSSOMCREST ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,805.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.45600
----------------------------------------------------------------
0 0031088065 MORTGAGORS: WACHTER STUART
WACHTER HELAINE
REGION CODE ADDRESS : 5132 COCHRANE AVENUE
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,550.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 53.91300
----------------------------------------------------------------
0 0031088073 MORTGAGORS: LUCAS GUY
REGION CODE ADDRESS : 1254 VISTA VESPERO
01 CITY : PALM SPRINGS
STATE/ZIP : CA 92262
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,674.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,308,400.00
P & I AMT: 9,418.28
UPB AMT: 1,306,543.05
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 211
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031088164 MORTGAGORS: VEZINA ROBERT
VEZINA CHRISTINA
REGION CODE ADDRESS : 473 OBSIDIAN WAY
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,634.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.72900
----------------------------------------------------------------
0 0031088198 MORTGAGORS: NETTLES EUGENE
NETTLES CATHERINE
REGION CODE ADDRESS : 4145 DORSET DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,159.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.80700
----------------------------------------------------------------
0 0031088206 MORTGAGORS: GHARIBJANIANS HAROUTOUN
GHARIBJANIANS ALICE
REGION CODE ADDRESS : 31 BARCELONA
01 CITY : IRVINE
STATE/ZIP : CA 92614
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,658.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,082.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 78.28570
----------------------------------------------------------------
0 0031088305 MORTGAGORS: HOWARD DONALD
HOWARD DENISE
REGION CODE ADDRESS : 10314 SW 23RD COURT
01 CITY : DAVIE
STATE/ZIP : FL 33324
MORTGAGE AMOUNT : 548,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 547,243.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,973.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.55700
----------------------------------------------------------------
0 0031088313 MORTGAGORS: BENAVIDEZ JUAN
BENAVIDEZ CARIN
REGION CODE ADDRESS : 6456 DOVE COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 239,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,319.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,566,150.00
P & I AMT: 11,429.26
UPB AMT: 1,564,014.74
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 212
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031088321 MORTGAGORS: MYERS JOHN
MYERS LISA
REGION CODE ADDRESS : 1500 FOREST STREET EXTENSION
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,112.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.54800
----------------------------------------------------------------
0 0031088339 MORTGAGORS: PARKER CRAIG
PARKER DIANA
REGION CODE ADDRESS : 401 ELDRIDGE AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 635,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 634,344.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,660.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031088362 MORTGAGORS: QUIHUIZ CHRISTOPHER
QUIHUIZ MARGARET
REGION CODE ADDRESS : 4635 ALDER AVENUE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,580.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,204.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031088388 MORTGAGORS: HUG JEAN
HUG MONIQUE
REGION CODE ADDRESS : 2 VISTA SANTA ROSA
01 CITY : RANCHO MIRAGE
STATE/ZIP : CA 92270
MORTGAGE AMOUNT : 551,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 550,579.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,238.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031088396 MORTGAGORS: FAGAN ADAM
FAGAN TERESA
REGION CODE ADDRESS : 1517 DEFOE ST
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 382,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,371.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,776.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,120,850.00
P & I AMT: 15,568.41
UPB AMT: 2,117,988.61
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 213
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031088404 MORTGAGORS: BROWNSTEIN SHELDON
BROWNSTEIN WENDY
REGION CODE ADDRESS : 4402 DOVEWOOD LANE
01 CITY : SYLVANIA
STATE/ZIP : OH 43560
MORTGAGE AMOUNT : 391,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,959.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,838.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.86792
----------------------------------------------------------------
0 0031088420 MORTGAGORS: TEKGURLER MUSTAFA
REGION CODE ADDRESS : 325 FAIRMOUNT ROAD
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,598.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.96300
----------------------------------------------------------------
0 0031088438 MORTGAGORS: ERNE DAVID
ERNE RUTH
REGION CODE ADDRESS : 14476 TRAILWIND ROAD
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 412,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,972.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,098.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031088446 MORTGAGORS: ZIERING-KOFMAN AMY
KOFMAN GIL
REGION CODE ADDRESS : 11922 SALTAIR TERRACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 625,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 623,599.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,370.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
0 0031088453 MORTGAGORS: SCOTT GAVIN
FULTON CYNTHIA
REGION CODE ADDRESS : 969 ASILOMAR TERRACE #6
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,634.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.64 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: 1,972,000.00
P & I AMT: 14,201.32
UPB AMT: 1,968,763.43
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 214
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031088495 MORTGAGORS: PORTERA STEVEN
PORTERA BARBARA
REGION CODE ADDRESS : 15148 COOPER AVENUE
01 CITY : SANJOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 289,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,189.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,074.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031088602 MORTGAGORS: FIGUEROA JOSEPH
FIGUEROA GLORIA
REGION CODE ADDRESS : 101 TEXAS CIRCLE
01 CITY : SUNNYVALE
STATE/ZIP : TX 75182
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,851.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,398.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031088685 MORTGAGORS: STEWART STEVEN
STEWART MARY
REGION CODE ADDRESS : 37135 ALBATROSS REACH
01 CITY : THE SEA RANCH
STATE/ZIP : CA 95497
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,631.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,163.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031088693 MORTGAGORS: KAUFMAN CLAIRE
BROWN MARK
REGION CODE ADDRESS : 3126 N 18TH STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22201
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,950.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031088727 MORTGAGORS: SENTERS THOMAS
SENTERS DESIREE
REGION CODE ADDRESS : 509 GARFIELD
01 CITY : DENVER
STATE/ZIP : CO 80209
MORTGAGE AMOUNT : 412,762.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,477.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,992.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,509,562.00
P & I AMT: 10,807.14
UPB AMT: 1,508,101.81
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 215
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031088750 MORTGAGORS: SOFER ABRAHAM
SOFER HENDEL
REGION CODE ADDRESS : 263 HOOPER STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11211
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,783.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,554.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031088768 MORTGAGORS: KATO STACEY
ABBOT LESLIE
REGION CODE ADDRESS : 2119 HELIOTROPE DRIVE
01 CITY : SANTA ANA
STATE/ZIP : CA 92706
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,597.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.16900
----------------------------------------------------------------
0 0031088784 MORTGAGORS: DRAPKIN MICHAEL
DRAPKIN SUSAN
REGION CODE ADDRESS : 24 THOMSEN DRIVE
01 CITY : MONSEY
STATE/ZIP : NY 10952
MORTGAGE AMOUNT : 231,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,328.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.67700
----------------------------------------------------------------
0 0031088792 MORTGAGORS: BALESANO ROBERT
BALESANO JO ANN
REGION CODE ADDRESS : 2505 LANSFORD AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,043.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,111.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.40000
----------------------------------------------------------------
0 0031088982 MORTGAGORS: WILLIAMS TERRY
WILLIAMS DARLA
REGION CODE ADDRESS : 142 WINDING HOLLOW
01 CITY : COPPELL
STATE/ZIP : TX 75019
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,378,000.00
P & I AMT: 9,832.37
UPB AMT: 1,375,910.61
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 216
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031089212 MORTGAGORS: CHECK JOEL
CHECK LAUREL
REGION CODE ADDRESS : 47544 SOUTHEAST 137TH ST
01 CITY : NORTH BEND
STATE/ZIP : WA 98045
MORTGAGE AMOUNT : 286,377.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,174.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031089725 MORTGAGORS: BALLARD CHRISTOPHER
BALLARD RENEE
REGION CODE ADDRESS : 515 SUMAC FIELD COURT
01 CITY : ELLISVILLE
STATE/ZIP : MO 63021
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,611.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,197.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.14400
----------------------------------------------------------------
0 0031089840 MORTGAGORS: SCHNEIDER MICHAEL
TALBOTT ANNE
REGION CODE ADDRESS : 5553 LINDA LANE
01 CITY : CARMICHAEL
STATE/ZIP : CA 95608
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031089964 MORTGAGORS: HUYNH NGHIA
HUYNH DATHAO
REGION CODE ADDRESS : 2879 AGUA VISTA DR
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,775.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.32000
----------------------------------------------------------------
0 0031090020 MORTGAGORS: WARE JAMES
WARE JANE
REGION CODE ADDRESS : 966 CRESTON ROAD
01 CITY : BERKELEY
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 401,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,356.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,701.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.90900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,503,377.00
P & I AMT: 10,559.85
UPB AMT: 1,500,570.08
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 217
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031090038 MORTGAGORS: COOPER DAN
COOPER KATHERINE
REGION CODE ADDRESS : 43 HILLGRASS
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,589.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031090160 MORTGAGORS: SAFER CHARLES
SAFER LEANNE
REGION CODE ADDRESS : 2646 YELLOWWOOD DDRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,530.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031090194 MORTGAGORS: ANDREWS ANTHEA
REGION CODE ADDRESS : 10419 FAIRWAY LANE
01 CITY : CARMEL
STATE/ZIP : CA 93923
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 51.15500
----------------------------------------------------------------
0 0031090210 MORTGAGORS: POWERS BILLY
POWERS NANCI
REGION CODE ADDRESS : 4528 TUXFORD COURT
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 179,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,566.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,256.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97300
----------------------------------------------------------------
0 0031090236 MORTGAGORS: JOHNSON SCOTT
JOHNSON JULIE
REGION CODE ADDRESS : 7210 ELMRIDGE DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75240
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,785.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.65700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,337,500.00
P & I AMT: 9,374.68
UPB AMT: 1,335,867.14
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 218
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031090335 MORTGAGORS: DE ANDA TOMAS
DE ANDA ROSEMARY
REGION CODE ADDRESS : 2186 PALOMAR AVENUE
01 CITY : VENTURA
STATE/ZIP : CA 93001
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,521.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,039.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.89100
----------------------------------------------------------------
0 0031090368 MORTGAGORS: MATTHEWS FRANK
POINDEXTER DEANNA
REGION CODE ADDRESS : 522 SOUTH VAN NESS AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90020
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,520.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.11500
----------------------------------------------------------------
0 0031090392 MORTGAGORS: HOGG RICHARD
HOGG LARETHA
REGION CODE ADDRESS : 825 WEST PLEASANT RUN ROAD
01 CITY : DESOTO
STATE/ZIP : TX 75115
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,846.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031090541 MORTGAGORS: TESSLER EVAN
TESSLER EKYSE
REGION CODE ADDRESS : 58 BAYBERRY LANE
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 529,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 529,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,744.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.18900
----------------------------------------------------------------
0 0031090582 MORTGAGORS: COMPHER RICHARD
COMPHER-CARTWRIGHT VERONICA
REGION CODE ADDRESS : 4342 BAKMAN AVE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91602
MORTGAGE AMOUNT : 368,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,991.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,671.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.87800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,758,500.00
P & I AMT: 12,510.33
UPB AMT: 1,756,880.41
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 219
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031090731 MORTGAGORS: TRUONG PHAT
LY HEIDI
REGION CODE ADDRESS : 2 LOIS LANE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94134
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,812.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031090756 MORTGAGORS: WILSON KARLA
REGION CODE ADDRESS : 516 WEST PALM AVENUE
01 CITY : MONROVIA
STATE/ZIP : CA 91016
MORTGAGE AMOUNT : 188,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 187,759.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,412.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031090848 MORTGAGORS: RIGGSBEE JOANNE
REGION CODE ADDRESS : 486 MARINA PLACE
01 CITY : BENICIA
STATE/ZIP : CA 94510
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,624.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.94800
----------------------------------------------------------------
0 0031090855 MORTGAGORS: JACQUES CHRISTINA
REGION CODE ADDRESS : 110 LUCKY DRIVE #110
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 230,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,237.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031090939 MORTGAGORS: CALLAHAN DAVID
CALLAHAN NICOLA
REGION CODE ADDRESS : 237 NEPAS RD
01 CITY : FAIRFIELD
STATE/ZIP : CT 06432
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 200,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,347.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 51.28200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,150,600.00
P & I AMT: 8,200.14
UPB AMT: 1,149,433.54
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 220
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031091325 MORTGAGORS: REIN JOHN
REGION CODE ADDRESS : 295 KENT DRIVE
01 CITY : EAST GREEENWICH
STATE/ZIP : RI 02818
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031091515 MORTGAGORS: MILLER HUGO
LIU LESLIE
REGION CODE ADDRESS : 154 SOUTH 20TH STREET
01 CITY : SAN JOSE
STATE/ZIP : CA 95116
MORTGAGE AMOUNT : 276,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,358.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,982.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031091580 MORTGAGORS: TROTTER JOHN
TROTTER TERESA
REGION CODE ADDRESS : 1000 SOUTH GRETNA GREEN WAY
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 461,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,846.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,306.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 36.92000
----------------------------------------------------------------
0 0031091614 MORTGAGORS: KELLY KEVIN
GIANZERO GINA
REGION CODE ADDRESS : 4751 EDGEWARE ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92116
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,648.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031091713 MORTGAGORS: MC CARTHY MICHAEL
REGION CODE ADDRESS : 23235 W PALOMA BLANCA DR
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 412,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,972.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,098.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,664,250.00
P & I AMT: 12,066.66
UPB AMT: 1,662,138.09
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 221
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031091838 MORTGAGORS: ICHINOSE CRAIG
ICHINOSE NAOMI
REGION CODE ADDRESS : 27535 FAWNSKIN DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.44160
----------------------------------------------------------------
0 0031091887 MORTGAGORS: IRELAND GARY
REGION CODE ADDRESS : 5905 CANYONSIDE ROAD
01 CITY : LA CRESCENTA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 244,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,286.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 68.90140
----------------------------------------------------------------
0 0031091895 MORTGAGORS: WILSON JONATHAN
WILSON ALITA
REGION CODE ADDRESS : 477 CHAPMAN DRIVE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,593.41 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 : 54.90100
----------------------------------------------------------------
0 0031091945 MORTGAGORS: WAISMAN NORBERTO
WAISMAN MARIA
REGION CODE ADDRESS : 883 CARMONA CRT
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,512.85 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 : 52.51900
----------------------------------------------------------------
0 0031091978 MORTGAGORS: BRANDON THOMAS
BRANDON KAREN
REGION CODE ADDRESS : 18204 CLEAR LAKE DRIVE
01 CITY : LUTZ
STATE/ZIP : FL 33549
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,376.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,963.13 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: 1,439,350.00
P & I AMT: 10,396.25
UPB AMT: 1,437,344.50
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 222
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031091986 MORTGAGORS: OLSON ELIZABETH
OLSON STEFAN
REGION CODE ADDRESS : 815 MIAMI AVENUE
01 CITY : TERRACE PARK
STATE/ZIP : OH 45174
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,465.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,604.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031092000 MORTGAGORS: ROHAN MICHAEL
ROHAN JUDITH
REGION CODE ADDRESS : 544 S CATHERINE AVENUE
01 CITY : LAGRANGE
STATE/ZIP : IL 60525
MORTGAGE AMOUNT : 277,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,306.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.15800
----------------------------------------------------------------
0 0031092026 MORTGAGORS: RINGEL LAWRENCE
RINGEL CHERIE
REGION CODE ADDRESS : 6724 MEMPHIS STREET
01 CITY : NEW ORLEANS
STATE/ZIP : LA 70124
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,525.84 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 : 80.00000
----------------------------------------------------------------
0 0031092042 MORTGAGORS: GOTSMAN LEIGH
GOTSMAN MARLA
REGION CODE ADDRESS : 16932 BEDFORD LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,456.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031092067 MORTGAGORS: SIMPSON PATRICIA
REGION CODE ADDRESS : 1590 MCCULLOCH ROAD WEST
01 CITY : OVIEDO
STATE/ZIP : FL 32765
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,409.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.54000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,437,700.00
P & I AMT: 10,401.84
UPB AMT: 1,435,164.91
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 223
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031092083 MORTGAGORS: GARRETT AUSTIN
REGION CODE ADDRESS : 2213 CALLE CIDRA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.64600
----------------------------------------------------------------
0 0031092091 MORTGAGORS: OSTRANDER WILLIAM
OSTRANDER MONA
REGION CODE ADDRESS : 591 LAWNDALE ROAD IN THE UNINCORP A
01 CITY : KENWOOD
STATE/ZIP : CA 95452
MORTGAGE AMOUNT : 497,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 496,363.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,733.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
0 0031092117 MORTGAGORS: FRIER THEODORE
FRIER TARA
REGION CODE ADDRESS : 166 BILLINGS STREET
01 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,691.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.24600
----------------------------------------------------------------
0 0031092125 MORTGAGORS: SECOR ZANA
RUSSELL GAIL
REGION CODE ADDRESS : 638 8TH STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,644.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031092141 MORTGAGORS: MC MAHON M
REGION CODE ADDRESS : 1036 LA PRESA DR.
01 CITY : PASEDENA AREA
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,273.93 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 : 75.75700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,737,000.00
P & I AMT: 12,683.78
UPB AMT: 1,734,632.79
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 224
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031092166 MORTGAGORS: LANE CHRISTOPHER
REGION CODE ADDRESS : 1354 SPRING CREEK WAY
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 346,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,271.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,538.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.18400
----------------------------------------------------------------
0 0031092208 MORTGAGORS: GORDON C
GORDON PAMELA
REGION CODE ADDRESS : 26 ESTATES DRIVE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,485.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,505.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.73700
----------------------------------------------------------------
0 0031092216 MORTGAGORS: SHEN JOHN
WONG ESTHER
REGION CODE ADDRESS : 1217 HENRY STREET
01 CITY : BERKELEY
STATE/ZIP : CA 94709
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 : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.56700
----------------------------------------------------------------
0 0031092232 MORTGAGORS: RUSSO JOHN
RUSSO BARBARA
REGION CODE ADDRESS : 5540 MULBERRY WAY
01 CITY : YORBA LINDA
STATE/ZIP : CA 92686
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,776.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031092240 MORTGAGORS: RAMOS BENJAMIN
RAMOS NERISSA
REGION CODE ADDRESS : 3575 SLOPEVIEW DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 263,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,223.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,932.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.09900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,493,400.00
P & I AMT: 10,611.61
UPB AMT: 1,491,384.28
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 225
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031092273 MORTGAGORS: KONDRATH ANDREW
KONDRATH MARGARET
REGION CODE ADDRESS : 940 FURLONG DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 255,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,596.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 86.48400
----------------------------------------------------------------
0 0031092299 MORTGAGORS: KAWAGUCHI GLENN
KAWAGUCHI K.
REGION CODE ADDRESS : 3555 LANDFAIR ROAD
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,093.46 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 0031092307 MORTGAGORS: LEWY MARK
LEWY CYNTHIA
REGION CODE ADDRESS : 12235 MC CONNELL DR
01 CITY : SAN MARTIN
STATE/ZIP : CA 95046
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,568.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.90900
----------------------------------------------------------------
0 0031092315 MORTGAGORS: MACK MICHAEL
MACK RUTH
REGION CODE ADDRESS : 1816 SHERIDAN AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 509,277.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,653.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.66666
----------------------------------------------------------------
0 0031092323 MORTGAGORS: JAMES ANDREW
JAMES WENDY
REGION CODE ADDRESS : 22705 JAMESON DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,593.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,575,950.00
P & I AMT: 11,238.47
UPB AMT: 1,573,129.36
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 226
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031092331 MORTGAGORS: JARVIS ALAN
JARVIS PEGGY
REGION CODE ADDRESS : 1986 VIA ARROYO
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,898.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031092356 MORTGAGORS: WIRSCHING PETER
REGION CODE ADDRESS : 717 SANTA ROSITA
01 CITY : SOLANO BEACH
STATE/ZIP : CA 90075
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,478.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,636.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031092364 MORTGAGORS: BUCKINGHAM DOUGLAS
REGION CODE ADDRESS : 3651 SOLEDAD CANYON ROAD
01 CITY : ACTON
STATE/ZIP : CA 93510
MORTGAGE AMOUNT : 231,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,479.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031092372 MORTGAGORS: MARCUS MICHAEL
PATTIN-MARCUS MARIA
REGION CODE ADDRESS : 45 VIA NAVARRO
01 CITY : GREENBRAE
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,329.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.31900
----------------------------------------------------------------
0 0031092422 MORTGAGORS: RUTLEDGE GARY
RUTLEDGE MARY
REGION CODE ADDRESS : 6615 DANVILLE AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92120
MORTGAGE AMOUNT : 233,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,064.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,695.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.80000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,525,850.00
P & I AMT: 10,873.44
UPB AMT: 1,523,251.02
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 227
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031092448 MORTGAGORS: STEPHENS BILLY
REGION CODE ADDRESS : 5490 GREENSIDE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,569.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.72815
----------------------------------------------------------------
0 0031092463 MORTGAGORS: RAMIREZ PHILIP
RAMIREZ LUISA
REGION CODE ADDRESS : 5012 EVANWOOD AVENUE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,606.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031092489 MORTGAGORS: MONAK GARY
MONAK GRETCHEN
REGION CODE ADDRESS : 4943 SHORELINE WAY
01 CITY : OXNARD
STATE/ZIP : CA 93035
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,726.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,573.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031092505 MORTGAGORS: NGHIEM TUAN
LAM LAN
REGION CODE ADDRESS : 2169 CHURCHILL DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,401.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,707.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031092513 MORTGAGORS: JIANG JOSEPH
JIANG EVELYN
REGION CODE ADDRESS : 729 RUSSETT TERRACE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,581.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,652,000.00
P & I AMT: 11,723.82
UPB AMT: 1,649,886.26
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 228
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031092539 MORTGAGORS: HUTTON JIMMY
HUTTON IRENE
REGION CODE ADDRESS : 27651 SAN VALLE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 377,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,479.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,733.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.50000
----------------------------------------------------------------
0 0031092570 MORTGAGORS: YANG WALLACE
YANG CECILIA
REGION CODE ADDRESS : 21100 LARIAT COURT
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,489.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,682.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 55.22300
----------------------------------------------------------------
0 0031092596 MORTGAGORS: SPINA RAYMOND
SPINA KATHLEEN
REGION CODE ADDRESS : 16 WYWORRY COURT
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 261,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,229.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,874.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031092695 MORTGAGORS: SOCKOLOV STEVEN
SOCKOLOV NAZENINE
REGION CODE ADDRESS : 3248 WINDING VISTA COMMON
01 CITY : FREMONT
STATE/ZIP : CA 94539
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 : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 38.88000
----------------------------------------------------------------
0 0031092752 MORTGAGORS: MEYERS WILLIAM
MEYERS CATHERINE
REGION CODE ADDRESS : 127 JERVIS BAY
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,648.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 74.32400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,533,600.00
P & I AMT: 11,104.42
UPB AMT: 1,531,473.86
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 229
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031092893 MORTGAGORS: SWANNER MARCUS
SWANNER MARILYN
REGION CODE ADDRESS : 15815 E BURRO DR
01 CITY : FOUNTAIN HILLS
STATE/ZIP : AZ 85268
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,835.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 61.62700
----------------------------------------------------------------
0 0031092901 MORTGAGORS: SAKAMOTO MARK
REIKO SAKAMOTO SUSAN
REGION CODE ADDRESS : 6932 BRET HARTE DR
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,835.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 57.17700
----------------------------------------------------------------
0 0031092919 MORTGAGORS: BOVE BERNARD
BOVE GAIL
REGION CODE ADDRESS : 221 FLORENCE DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,574.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,691.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031092927 MORTGAGORS: ROWE ANTHONY
ROWE AUDREE
REGION CODE ADDRESS : 935 WASHINGTON STREET
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 839.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031093024 MORTGAGORS: MC ENULTY FRANK
MC ENULTY CHERYL
REGION CODE ADDRESS : 3261 JULIAN AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90808
MORTGAGE AMOUNT : 260,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,216.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,865.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.04300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,234,400.00
P & I AMT: 9,142.92
UPB AMT: 1,233,461.44
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 230
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031093099 MORTGAGORS: PAKIZ J
REGION CODE ADDRESS : 125 RIVO ALTO CANAL
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,420.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,045.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.36300
----------------------------------------------------------------
0 0031093115 MORTGAGORS: GUSTAFSON MICHAEL
REGION CODE ADDRESS : 1432 BING DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,544.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031093131 MORTGAGORS: LIVINGSTON LAWRENCE
LIVINGSTON JUDITH
REGION CODE ADDRESS : 1916 WINDWARD POINT
01 CITY : BYRON
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 285,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,906.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.74800
----------------------------------------------------------------
0 0031093164 MORTGAGORS: SILVERBROOK RANDI
REGION CODE ADDRESS : 37 COMMANDERS DRIVE
01 CITY : WASHINGTON CROSSING
STATE/ZIP : PA 18977
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,471.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.90100
----------------------------------------------------------------
0 0031093412 MORTGAGORS: PHAM DAVID
BOTZBACH-PHAM PAMELLA
REGION CODE ADDRESS : 119 STARCREST
01 CITY : IRVINE
STATE/ZIP : CA 92714
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,541.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,656.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.47000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,927,500.00
P & I AMT: 13,877.64
UPB AMT: 1,924,883.44
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 231
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031093461 MORTGAGORS: HENDERSON BRUCE
HENDERSON JANET
REGION CODE ADDRESS : 4509 IRVIN SIMMONS DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75229
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031093479 MORTGAGORS: MORRIS PENELOPE
REGION CODE ADDRESS : 2783 DORESTA ROAD
01 CITY : SAN MARINO (AREA)
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,485.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,910.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 76.11650
----------------------------------------------------------------
0 0031093487 MORTGAGORS: PHAM MINH
REGION CODE ADDRESS : 8672 GLORIA AVENUE, #A,B,C, AND D
01 CITY : GARDEN GROVE
STATE/ZIP : CA 92844
MORTGAGE AMOUNT : 254,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,398.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031093503 MORTGAGORS: ZUMBIEL DOUGLAS
REGION CODE ADDRESS : 2421 LA MIRADA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,511.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,976.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 72.62500
----------------------------------------------------------------
0 0031093529 MORTGAGORS: CHAMBLISS PETER
CHAMBLISS CAROL
REGION CODE ADDRESS : 4216 HIGHLAND AVENUE #G
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,444.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,808.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.66660
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,632,700.00
P & I AMT: 12,068.97
UPB AMT: 1,630,604.52
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 232
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031093594 MORTGAGORS: EPSHTEYN ALEXANDER
EPSHTEYN OLGA
REGION CODE ADDRESS : 39 POWER LANE
01 CITY : FAIRFAX
STATE/ZIP : CA 94930
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,779.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031093602 MORTGAGORS: ALIABADI FARHAD
ALIABADI MINA
REGION CODE ADDRESS : 5459 WHITLEY PARK TERRACE
01 CITY : BETHESDA
STATE/ZIP : MD 20814
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,249.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,359.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031093644 MORTGAGORS: CLERVI PHILLIP
CLERVI NANCY
REGION CODE ADDRESS : 22843 GERSHWIN DRIVE
01 CITY : LOS ANGELES (WOODLAND HIL
STATE/ZIP : CA 91364
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.89200
----------------------------------------------------------------
0 0031093693 MORTGAGORS: PIPOLO ORLANDO
PIPOLO GORDANA
REGION CODE ADDRESS : 20 ROCKINGHORSE ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 423,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,415.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,067.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.86700
----------------------------------------------------------------
0 0031093719 MORTGAGORS: WHITE JAMES
MORROW RUTH
REGION CODE ADDRESS : 3203 PROVENCE PLACE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 366,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,619.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,718.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.58600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,697,400.00
P & I AMT: 12,185.25
UPB AMT: 1,695,477.40
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 233
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031093727 MORTGAGORS: NELSON ANDREW
NELSON FIONA
REGION CODE ADDRESS : 6105 BRAEMAR COURT
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 614,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 613,152.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,451.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.75000
----------------------------------------------------------------
0 0031093891 MORTGAGORS: JAN HOWARD
JAN PAULINE
REGION CODE ADDRESS : 7001 EXETER DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,817.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.33300
----------------------------------------------------------------
0 0031093917 MORTGAGORS: GAYADEEN HENDREN
GAYADEEN CHANDRADAYE
REGION CODE ADDRESS : 2405 VUELTA GRANDE AVE
01 CITY : LONG BEACH
STATE/ZIP : CA 90815
MORTGAGE AMOUNT : 147,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 146,906.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,104.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031093982 MORTGAGORS: KNIGHT MICHELLE
REGION CODE ADDRESS : 2234 VILLAGE DALE AVE.
01 CITY : HOUSTON
STATE/ZIP : TX 77059
MORTGAGE AMOUNT : 107,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 106,922.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 757.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.96400
----------------------------------------------------------------
0 0031094188 MORTGAGORS: HOVANESSIAN ARMEN
HOVANESSIAN KAREN
REGION CODE ADDRESS : 24636 EILAT STREET
01 CITY : WOODLAND HILLS AREA
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,577.14 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
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,410,000.00
P & I AMT: 10,147.76
UPB AMT: 1,408,375.98
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 234
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031094212 MORTGAGORS: MC COMBS DANIEL
TAYLOR-MC COMBS DONNA
REGION CODE ADDRESS : 11744 MARIPOSA BAY LANE
01 CITY : NORTHRIDGE AREA
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 325,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,008.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,274.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031094238 MORTGAGORS: NEUFELD DONN
NEUFELD MARY
REGION CODE ADDRESS : 1887 PRAED STREET
01 CITY : RIVERSIDE AREA
STATE/ZIP : CA 92503
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,077.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,754.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 84.00000
----------------------------------------------------------------
0 0031094345 MORTGAGORS: BOWER ROBERT
BOWER SANDRA
REGION CODE ADDRESS : 20952 SNUG HARBOR CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 263,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,314.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.65600
----------------------------------------------------------------
0 0031094444 MORTGAGORS: LEE ALBERT
LEE FRANCES
REGION CODE ADDRESS : 25618 S. GOLD RIDGE DR
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 361,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,624.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,499.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031094469 MORTGAGORS: MASCOLO JOSEPH
REGION CODE ADDRESS : 997 LUCERNE LANE
01 CITY : LAKE ARROWHEAD AREA
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,625.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 49.27270
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,461,050.00
P & I AMT: 10,381.41
UPB AMT: 1,459,650.04
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 235
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031094477 MORTGAGORS: AGUSTIN LEONARDO
GREENLEAF THOMAS
REGION CODE ADDRESS : 1693-1695 WILLOW STREET
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.50000
----------------------------------------------------------------
0 0031094485 MORTGAGORS: BEST ROBERT
BEST ROBIN
REGION CODE ADDRESS : 1809 LAURINDA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,640.97 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 0031094501 MORTGAGORS: ARTECHE EDUARDO
ARTECHE GERTRUDES
REGION CODE ADDRESS : 682 SANTOS COURT
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,815.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031094568 MORTGAGORS: DE FRANCE JAY
DE FRANCE DANIELLE
REGION CODE ADDRESS : 125 WOODCREST DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 251,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,617.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031094584 MORTGAGORS: SMITH GORDON
SMITH JANE
REGION CODE ADDRESS : 7572 MT. ZIRKEL
01 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 239,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,335.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.13800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,286,300.00
P & I AMT: 9,193.94
UPB AMT: 1,285,207.24
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 236
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031094592 MORTGAGORS: WEBB BRENT
WEBB SUSAN
REGION CODE ADDRESS : LOT 25 CORDERO COURT
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,203.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,842.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031094618 MORTGAGORS: MARECI JAMES
MARECI LORIE
REGION CODE ADDRESS : 25101 PASEO ARBOLEDA
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 244,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,962.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,771.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.83600
----------------------------------------------------------------
0 0031094659 MORTGAGORS: PENA OSCAR
PENA MARIBEL
REGION CODE ADDRESS : 4185 MACKIN WOODS LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 349,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,518.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,530.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.05300
----------------------------------------------------------------
0 0031094667 MORTGAGORS: PUTHIYADAM JOSEPH
PUTHIYADAM ANN
REGION CODE ADDRESS : 2378 CRESTHAVEN STREET
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,645.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031094691 MORTGAGORS: LAPLANTE ROBERT
LAPLANTE ANNE
REGION CODE ADDRESS : 4206 COLERIDGE STREET
01 CITY : W. UNIVERSITY PLACE
STATE/ZIP : TX 77005
MORTGAGE AMOUNT : 271,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,553.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.09800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,660,050.00
P & I AMT: 12,072.39
UPB AMT: 1,657,882.87
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 237
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031094725 MORTGAGORS: HOSS GREGG
HOSS TORY
REGION CODE ADDRESS : 2700 MONTFORD CT
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,709.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,951.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031094733 MORTGAGORS: DUNCAN THOMAS
DUNCAN LYNETTE
REGION CODE ADDRESS : 7605 ROMA PLACE
01 CITY : SALINAS
STATE/ZIP : CA 93907
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,186.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.15100
----------------------------------------------------------------
0 0031094741 MORTGAGORS: MARIANT DAVID
MARIANT DIANE
REGION CODE ADDRESS : 482 RADCLIFF DRIVE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,654.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 57.20800
----------------------------------------------------------------
0 0031094766 MORTGAGORS: GERTZ WALTER
GERTZ SHARYN
REGION CODE ADDRESS : 2738 CLARAY DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,383.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,898.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.79700
----------------------------------------------------------------
0 0031094774 MORTGAGORS: LEE DAN
LEE DEBBIE
REGION CODE ADDRESS : 115 HIDDEN LAKE RANCH ROAD
01 CITY : ALEDO
STATE/ZIP : TX 76008
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,590.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,155.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,869,500.00
P & I AMT: 13,523.88
UPB AMT: 1,866,524.60
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 238
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031094857 MORTGAGORS: WATSON JAMES
REGION CODE ADDRESS : 5885 SCARBOROUGH DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
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 : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.30900
----------------------------------------------------------------
0 0031094899 MORTGAGORS: HURST JOHN
HURST RUTH
REGION CODE ADDRESS : 5716 E 79TH STREET SOUTH
01 CITY : TULSA
STATE/ZIP : OK 74136
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031094907 MORTGAGORS: KRAUS JOHN
KRAUS BARBARA
REGION CODE ADDRESS : 375 LA PERLE PLACE
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 324,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,144.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,451.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/22
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.99500
----------------------------------------------------------------
0 0031094980 MORTGAGORS: REDER PAUL
REDER SHERI
REGION CODE ADDRESS : 5951 WOODLAND VIEW DRIVE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,754.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,588.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031095078 MORTGAGORS: LUGO ALFONSO
LUGO VESNA
REGION CODE ADDRESS : 356 C0NMUR STREET
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 276,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,199.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,956.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,478,900.00
P & I AMT: 10,800.90
UPB AMT: 1,477,917.10
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 239
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031095086 MORTGAGORS: FRANGIEH NAIM
FRANGIEH NADIA
REGION CODE ADDRESS : 3539 PERADA DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,834.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.52600
----------------------------------------------------------------
0 0031095094 MORTGAGORS: WIBBELER RICHARD
WIBBELER KATHY
REGION CODE ADDRESS : 736 BROOKSIDE COURT
01 CITY : VACAVILLE
STATE/ZIP : CA 95688
MORTGAGE AMOUNT : 266,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,358.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,003.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 88.31100
----------------------------------------------------------------
0 0031095128 MORTGAGORS: BLEGEN T.
BLEGEN JUDY
REGION CODE ADDRESS : 19663 VIA GRANDE DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,674.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 53.89221
----------------------------------------------------------------
0 0031095144 MORTGAGORS: PIKIOS SPIRO
PIKIOS ELENI
REGION CODE ADDRESS : 182 WILLOW AVENUE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,634.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 53.53530
----------------------------------------------------------------
0 0031095185 MORTGAGORS: LEE WILLIAM
LIM DANA
REGION CODE ADDRESS : 34 BATES BOULEVARD
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,527.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,672.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 66.66660
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,576,700.00
P & I AMT: 11,466.69
UPB AMT: 1,575,028.63
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 240
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031095193 MORTGAGORS: SANDERS DONALD
SANDERS SYLVIA
REGION CODE ADDRESS : 556 ENCINA AVENUE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,526.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,582.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.40000
----------------------------------------------------------------
0 0031095201 MORTGAGORS: KING CHAO
KING SHU SHUE
REGION CODE ADDRESS : 1957 CAMERON HILLS COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,075.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,566.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.07690
----------------------------------------------------------------
0 0031095219 MORTGAGORS: BURKARD THOMAS
BURKARD SHERYL
REGION CODE ADDRESS : 4277 COLD SPRINGS ROAD
01 CITY : PENNGROVE
STATE/ZIP : CA 94951
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.16666
----------------------------------------------------------------
0 0031095227 MORTGAGORS: JOHNSON JAMES
REGION CODE ADDRESS : 6125 ASCOT DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 271,520.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,318.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031095268 MORTGAGORS: DEL CAMPO HENRY
DEL CAMPO MARIANA
REGION CODE ADDRESS : 8844 SW 100TH STREET
01 CITY : MIAMI
STATE/ZIP : FL 33176
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,767.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 52.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,575,520.00
P & I AMT: 11,361.51
UPB AMT: 1,573,318.82
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 241
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031095326 MORTGAGORS: GROSSMAN MARTA
REGION CODE ADDRESS : 842 NEWBURG AVENUE
01 CITY : NORTH WOODMERE
STATE/ZIP : NY 11581
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 : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 69.68600
----------------------------------------------------------------
0 0031095375 MORTGAGORS: SAGGESE BERNARD
SCHECHTER RUTH
REGION CODE ADDRESS : 304 HEDGE ROAD
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,612.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,754.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.97400
----------------------------------------------------------------
0 0031095383 MORTGAGORS: FISHER JOHN
FISHER KATHERINE
REGION CODE ADDRESS : 34650 BERNARD DRIVE
01 CITY : TRACY
STATE/ZIP : CA 95376
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031095391 MORTGAGORS: EUFEMI MICHAEL
EUFEMI JENNIFER
REGION CODE ADDRESS : 10165 JEAN ELLEN DRIVE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,291.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0031095433 MORTGAGORS: LAM PETER
LAM LINDA
REGION CODE ADDRESS : 1720 CORAL TREE PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,523.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 73.23943
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,452,500.00
P & I AMT: 10,443.03
UPB AMT: 1,430,624.97
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 242
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031095458 MORTGAGORS: PETERSON DARRIN
PETERSON LINDA
REGION CODE ADDRESS : 2280 LYNWOOD TERRACE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,653.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.71428
----------------------------------------------------------------
0 0031095466 MORTGAGORS: INGLEZI PATRICE
SMITH BRUCE
REGION CODE ADDRESS : 734 CRESTON ROAD
01 CITY : BERKELEY
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,587.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 48.21428
----------------------------------------------------------------
0 0031095532 MORTGAGORS: ADAMS WAYNE
ADAMS SYLVIA
REGION CODE ADDRESS : 42725 TANNENBAUM PLATZ
01 CITY : BIG BEAR LAKE
STATE/ZIP : CA 92315
MORTGAGE AMOUNT : 312,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,529.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,240.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031095540 MORTGAGORS: KUBIK LAWRENCE
REGION CODE ADDRESS : 9831 WANDA PARK DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,411.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,761.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.83300
----------------------------------------------------------------
0 0031095565 MORTGAGORS: HUNG BELINDA
HUNG DAVID
REGION CODE ADDRESS : 404 SOUTH SAN MARINO AVENUE
01 CITY : PASADENA AREA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,535.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.74500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,548,750.00
P & I AMT: 10,952.16
UPB AMT: 1,546,717.69
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 243
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031095607 MORTGAGORS: OGINO YOSHIFUMI
OGINO MARGARET
REGION CODE ADDRESS : 1913 RUHLAND AVENUE # B
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 286,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,322.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 86.11100
----------------------------------------------------------------
0 0031095615 MORTGAGORS: STEPHEN JOSEPH
STEPHEN SHEILA
REGION CODE ADDRESS : 9811 AMESTOY AVENUE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031095623 MORTGAGORS: GOLDIE-MORRISON ANGUS
GOLDIE-MORRISON JULIE
REGION CODE ADDRESS : 24074 BRIARDALE WAY
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91321
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.71800
----------------------------------------------------------------
0 0031095656 MORTGAGORS: JORDAN RICKEY
JORDAN DEBRA
REGION CODE ADDRESS : 15431 WHITE TAIL COURT
01 CITY : BATON ROUGE
STATE/ZIP : LA 70817
MORTGAGE AMOUNT : 237,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,063.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031095672 MORTGAGORS: FRAKES DAVID
FRAKES LAURIE
REGION CODE ADDRESS : 430 BRISTOL ROAD
01 CITY : ENCINITAS
STATE/ZIP : CA 92007
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,657.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,108.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,585,150.00
P & I AMT: 11,268.79
UPB AMT: 1,583,618.46
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 244
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031095698 MORTGAGORS: GOLOSKIE MICHAEL
REGION CODE ADDRESS : 5336 RUETTE DE MER
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 275,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,029.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,902.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.85000
----------------------------------------------------------------
0 0031095706 MORTGAGORS: BETCHER DAVID
BETCHER RENEE
REGION CODE ADDRESS : 1412 HARLE PLACE, SW
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 237,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,337.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.53500
----------------------------------------------------------------
0 0031095722 MORTGAGORS: CUNDELAN JAMES
CUNDELAN BEVERLY
REGION CODE ADDRESS : 28275 DRIZA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 260,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,820.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031095763 MORTGAGORS: OLAMBIWONNU OLA
OLAMBIWONNU DELORES
REGION CODE ADDRESS : 3590 FAIRMEADE ROAD
01 CITY : PASADENA
STATE/ZIP : CA 91107
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.88800
----------------------------------------------------------------
0 0031095771 MORTGAGORS: KILBURN R. PETER
KILBURN NATALIE
REGION CODE ADDRESS : 596 SAND HILL CIRCLE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,508.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,485.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.34700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,520,550.00
P & I AMT: 10,751.20
UPB AMT: 1,518,416.56
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 245
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031095789 MORTGAGORS: NOONAN ROBERT
CARDENAS ZELENNE
REGION CODE ADDRESS : 3616 EAST COLORADO STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 90814
MORTGAGE AMOUNT : 231,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,363.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
0 0031095912 MORTGAGORS: SPECKLER KENNETH
BECKMAN MARLENE
REGION CODE ADDRESS : 6412 79TH STREET
01 CITY : CABIN JOHN
STATE/ZIP : MD 20818
MORTGAGE AMOUNT : 344,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,537.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031095979 MORTGAGORS: HOLMES TIMOTHY
HOLMES MARY
REGION CODE ADDRESS : 12710 FOX WOODS DRIVE
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,828.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,679.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031096019 MORTGAGORS: RILEY RAYMOND
RILEY ROSEMARY
REGION CODE ADDRESS : 5131 RUETTE DE MER
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 239,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,234.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.99400
----------------------------------------------------------------
0 0031096043 MORTGAGORS: CHATWIN JUDITH
CHATWIN RONALD
REGION CODE ADDRESS : 1605 PASEO CASTILLE
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 283,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,956.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,342,700.00
P & I AMT: 9,289.29
UPB AMT: 1,340,920.65
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 246
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031096050 MORTGAGORS: CHENG KAREN
REGION CODE ADDRESS : 179 ASHDALE AVENUE
01 CITY : LOS ANGELES, CA 90049
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,434.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.28500
----------------------------------------------------------------
0 0031096076 MORTGAGORS: LAQUA SCOTT
ZEHREN STEPHANIE
REGION CODE ADDRESS : 12959 LONGBOAT WAY
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 327,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,140.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,287.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98000
----------------------------------------------------------------
0 0031096134 MORTGAGORS: SACHSE LISA
REGION CODE ADDRESS : 6 LAUREL CIRCLE
01 CITY : LUTHERVILLE
STATE/ZIP : MD 21093
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031096282 MORTGAGORS: SWINNEY ROGER
SWINNEY CHRISTINE
REGION CODE ADDRESS : 7735 SOUTH BISCAY STREET
01 CITY : AURORA
STATE/ZIP : CO 80016
MORTGAGE AMOUNT : 407,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,574.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,023.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031096290 MORTGAGORS: MORELAND SUSAN
REGION CODE ADDRESS : 328 NORTH ALMENAR DRIVE
01 CITY : GREENBRAE
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,541.53 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
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,806,400.00
P & I AMT: 12,954.62
UPB AMT: 1,802,436.74
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 247
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031096324 MORTGAGORS: MORRIS RICHARD
MORRIS LESLEY
REGION CODE ADDRESS : 4354 MANCHESTER AVENUE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,580.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.93300
----------------------------------------------------------------
0 0031096506 MORTGAGORS: LUPLOW STEVEN
LUPLOW JULIE
REGION CODE ADDRESS : 819 EAST HUNTINGTON DRIVE
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 240,705.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,530.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031096530 MORTGAGORS: HAMBERLIN WILLIAM
HAMBERLIN CATHERINE
REGION CODE ADDRESS : 3717 APPALACHIAN WAY
01 CITY : FLOWERMOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 149,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,491.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,058.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031096548 MORTGAGORS: KENNEDY LLOYD
KENNEDY CAROL
REGION CODE ADDRESS : 109 NEWCASTLE COURT
01 CITY : COPPELL
STATE/ZIP : TX 75019
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
0 0031096696 MORTGAGORS: SKARECKI PETER
SKARECKI EILEEN
REGION CODE ADDRESS : 611 ORCHARD STREET
01 CITY : CRANFORD
STATE/ZIP : NJ 07016
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,353.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,333,805.00
P & I AMT: 9,605.03
UPB AMT: 1,332,660.35
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 248
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031096845 MORTGAGORS: HOMER TIMOTHY
HOMER BARBARA
REGION CODE ADDRESS : 266 CASCADE DRIVE
01 CITY : FAIRFAX
STATE/ZIP : CA 94930
MORTGAGE AMOUNT : 233,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,277.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031096852 MORTGAGORS: DILLINGER THOMAS
DILLINGER LYNDA
REGION CODE ADDRESS : 3045 MARY LANE
01 CITY : ESCONDINDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,619.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031096860 MORTGAGORS: MALIN ANTHONY
MALIN SANDRA
REGION CODE ADDRESS : 104 TARTAN WAY
01 CITY : SUISUN
STATE/ZIP : CA 94585
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,622.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.27000
----------------------------------------------------------------
0 0031096894 MORTGAGORS: GLENN RALPH
GLENN CONSTANCE
REGION CODE ADDRESS : 8020 SHEPHERD CANYON ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94617
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,821.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031096944 MORTGAGORS: BELL GREG
BROWN DEBERA
REGION CODE ADDRESS : 2960 COWPER STREET
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,254.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,132.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,568,600.00
P & I AMT: 11,023.92
UPB AMT: 1,546,595.19
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 249
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031096977 MORTGAGORS: CUMMINGS FLORENCE
REGION CODE ADDRESS : 18951 ANTIOCH
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,777.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.81000
----------------------------------------------------------------
0 0031097009 MORTGAGORS: EMMETT JOHN
EMMETT DANNELLE
REGION CODE ADDRESS : 535 SOUTH BAYVIEW AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,887.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.64900
----------------------------------------------------------------
0 0031097041 MORTGAGORS: VARSANYI ATTILA
VARSANYI JOSEFINA
REGION CODE ADDRESS : 5033 LASSEN AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,638.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
0 0031097066 MORTGAGORS: SOKHIS LEONID
SOKHIS ANNA
REGION CODE ADDRESS : 6754 GREEN GABLES AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92119
MORTGAGE AMOUNT : 177,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 177,348.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,272.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031097108 MORTGAGORS: RIPPON WILLIAM
RIPPON DARLENE
REGION CODE ADDRESS : 15000 GUADALUPE DRIVE
01 CITY : RANCHO MURIETA
STATE/ZIP : CA 95683
MORTGAGE AMOUNT : 396,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,223.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,808.53 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: 1,590,400.00
P & I AMT: 11,381.30
UPB AMT: 1,582,876.89
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 250
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031097116 MORTGAGORS: STERN PETER
STERN LAURICE
REGION CODE ADDRESS : 4536 SANTA LUCIA DRIVE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 236,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,281.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.93750
----------------------------------------------------------------
0 0031097132 MORTGAGORS: WATKINS WILLIAM
WATKINS ELIZABETH
REGION CODE ADDRESS : 20931 MESARICA ROAD
01 CITY : COVINA
STATE/ZIP : CA 91724
MORTGAGE AMOUNT : 248,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,965.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.94285
----------------------------------------------------------------
0 0031097140 MORTGAGORS: MINERO RAMIRO
MINERO EMERITA
REGION CODE ADDRESS : 1308 OJAI ROAD
01 CITY : SANTA PAULA
STATE/ZIP : CA 93060
MORTGAGE AMOUNT : 309,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,981.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,215.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031097165 MORTGAGORS: PETROP CINDY
BAILEY BRAD
REGION CODE ADDRESS : 4365 PARK FORTUNA
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,756.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031097173 MORTGAGORS: MICHAEL DIXON
MILLER HARLENE
REGION CODE ADDRESS : 24376 PEACOCK STREET
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,374,100.00
P & I AMT: 9,893.77
UPB AMT: 1,372,812.03
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 251
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031097207 MORTGAGORS: ROSEN IVAN
ROSEN JULIE
REGION CODE ADDRESS : 2754 MONTE MAR TERRACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 955,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 954,375.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,090.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 015
LTV : 68.21400
----------------------------------------------------------------
0 0031097231 MORTGAGORS: KAZAHAYA GLEN
KAZAHAYA CAROL
REGION CODE ADDRESS : 4860 VIA DEL CERRO
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,713.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,802.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.20000
----------------------------------------------------------------
0 0031097256 MORTGAGORS: RUBEY JOHN
RUBEY THERESA
REGION CODE ADDRESS : 11979 DAPPLE WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,815.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031097439 MORTGAGORS: AGARWAL ASHOK
AGARWAL USHA
REGION CODE ADDRESS : 1904 GOLDEN SKY CIRCLE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 565,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 564,598.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,047.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.37600
----------------------------------------------------------------
0 0031097447 MORTGAGORS: STEVENS KIMBERLY
REGION CODE ADDRESS : 860 W BUCKINGHAM PLACE 2E
01 CITY : CHICAGO
STATE/ZIP : IL 60657
MORTGAGE AMOUNT : 239,275.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,097.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,673.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,410,275.00
P & I AMT: 17,419.36
UPB AMT: 2,408,600.48
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 252
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031097553 MORTGAGORS: STEEL BARBARA
MOORE JEFFREY
REGION CODE ADDRESS : 5009 OAKVIEW DRIVE
01 CITY : MIDDLETOWN
STATE/ZIP : OH 45042
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,822.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031097595 MORTGAGORS: GRAVATT JOHN
GRAVATT JOANNA
REGION CODE ADDRESS : 48 BACKBONE HILL ROAD
01 CITY : MILLSTONE
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,971.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.56200
----------------------------------------------------------------
0 0031097702 MORTGAGORS: SMITH GARY
SMITH KAREN
REGION CODE ADDRESS : 3072 WALKER LEE DRIVE
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031097736 MORTGAGORS: ANDREWS KEVIN
ANDREWS TRINA
REGION CODE ADDRESS : 7732 WHITEGATE AVENUE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92506
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,058.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,316.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031097744 MORTGAGORS: NELSON JAMES
NELSON MARILYN
REGION CODE ADDRESS : 4179 LOS COCHES WAY
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 365,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,244.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,651.95 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: 1,458,250.00
P & I AMT: 10,551.53
UPB AMT: 1,455,716.33
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 253
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031097777 MORTGAGORS: HUNN PAUL
HUNN DARLENE
REGION CODE ADDRESS : 239 VIA RANCHO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,480.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,726.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031097793 MORTGAGORS: STODDARD JAMES
STODDARD NANCY
REGION CODE ADDRESS : 7115 CIRCA DE MEDIA
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,346.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.64600
----------------------------------------------------------------
0 0031097801 MORTGAGORS: WACHSLER MARK
BOSSERT SARAH
REGION CODE ADDRESS : 43 UNION PARK UNIT #2
01 CITY : BOSTON
STATE/ZIP : MA 02118
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031097850 MORTGAGORS: GYGAX FRANK
GYGAX KATHY
REGION CODE ADDRESS : 35441 PURCELL PLACE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 236,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,660.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031097918 MORTGAGORS: BOWERSMITH JOHN
BOWERSMITH ESTELA
REGION CODE ADDRESS : 18825 EDWIN MARKHAM DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 286,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,003.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,749,000.00
P & I AMT: 12,625.17
UPB AMT: 1,747,490.52
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 254
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031097967 MORTGAGORS: REYES MOISES
REYES KATHLEEN
REGION CODE ADDRESS : 1099 CAROLA AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95130
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031098007 MORTGAGORS: ROPER STEVEN
POST CAROL
REGION CODE ADDRESS : 723 BEVERLY PLACE
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,779.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.83100
----------------------------------------------------------------
0 0031098320 MORTGAGORS: BARRERA XAVIER
TISSIERE MICHELLE
REGION CODE ADDRESS : 28 HURLBUT STREET #5
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 92.87900
----------------------------------------------------------------
0 0031098486 MORTGAGORS: TODD PHILLIP
REGION CODE ADDRESS : 18364 FIELDCREST LANE
01 CITY : SALINAS
STATE/ZIP : CA 93908
MORTGAGE AMOUNT : 275,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,219.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.97000
----------------------------------------------------------------
0 0031098502 MORTGAGORS: RANDALL GEORGE
RANDALL BRENDA
REGION CODE ADDRESS : 1381 PINE VIEW ROAD
01 CITY : ALPINE
STATE/ZIP : CA 91901
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,568,900.00
P & I AMT: 11,291.91
UPB AMT: 1,568,076.47
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 255
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031098536 MORTGAGORS: SHACKLETT JAMES
SHACKLETT PATRICIA
REGION CODE ADDRESS : 1109 SWEET BRIAR CIRCLE
01 CITY : GWYNEDD VALLEY
STATE/ZIP : PA 19437
MORTGAGE AMOUNT : 565,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 565,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,096.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.48300
----------------------------------------------------------------
0 0031098569 MORTGAGORS: TURNER QUENTIN
TURNER JADENE
REGION CODE ADDRESS : 2511 E 41ST STREET
01 CITY : TULSA
STATE/ZIP : OK 74105
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031098635 MORTGAGORS: SMITH GORDON
REGION CODE ADDRESS : 151 THE PRADO
01 CITY : ATLANTA
STATE/ZIP : GA 30309
MORTGAGE AMOUNT : 275,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,614.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.09800
----------------------------------------------------------------
0 0031098643 MORTGAGORS: ZEGAR JOSEPH
ZEGAR DEBRA
REGION CODE ADDRESS : 38202 NORTH WILSON
01 CITY : BEACH PARK
STATE/ZIP : IL 60087
MORTGAGE AMOUNT : 76,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 76,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 537.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031098692 MORTGAGORS: BLOCK STEVEN
BLOCK KIM
REGION CODE ADDRESS : 928 SPRING WATER STREET
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,701.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,707.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,546,300.00
P & I AMT: 11,046.74
UPB AMT: 1,545,816.67
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 256
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031098858 MORTGAGORS: ROTH RICHARD
ROTH HEIDRUN
REGION CODE ADDRESS : 148 CARIBE ISLE
01 CITY : NOVATO
STATE/ZIP : CA 94949
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,239.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.85 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031098866 MORTGAGORS: BARR CHARLES
BARR GILLIAN
REGION CODE ADDRESS : 2885 WHIPPORWILL DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,722.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,428.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031098882 MORTGAGORS: CRUTCHFIELD STEVE
LAMPERT MAXINE
REGION CODE ADDRESS : 123 BUENA VISTA AVENUE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,601.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,011.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031098973 MORTGAGORS: HOUSER THOMAS
HOUSER SUSAN
REGION CODE ADDRESS : 4908 CUMBRE DEL SUR COURT NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87111
MORTGAGE AMOUNT : 286,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,287.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,003.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.87800
----------------------------------------------------------------
0 0031099005 MORTGAGORS: SMITH WILLIAM
SMITH HELEN
REGION CODE ADDRESS : 4150 SEQUOYAH ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94605
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,783.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,480,300.00
P & I AMT: 10,198.77
UPB AMT: 1,478,634.54
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 257
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031099047 MORTGAGORS: CRESCI JOSEPH
REGION CODE ADDRESS : 982 LUCE HILL ROAD
01 CITY : STOWE
STATE/ZIP : VT 05672
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,745.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,788.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031099112 MORTGAGORS: GREEN JEFFREY
GREEN ANGELA
REGION CODE ADDRESS : 1905 CANYON COURT
01 CITY : DENTON
STATE/ZIP : TX 76205
MORTGAGE AMOUNT : 127,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,809.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 916.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031099161 MORTGAGORS: WOOLPERT STEVE
WOOLPERT ELIZABETH
REGION CODE ADDRESS : 901 MEADOW COURT
01 CITY : TRES PINOS
STATE/ZIP : CA 95075
MORTGAGE AMOUNT : 417,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,368.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,063.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.18100
----------------------------------------------------------------
0 0031099195 MORTGAGORS: FERRARI LOUIS
FERRARI KATHLEEN
REGION CODE ADDRESS : 1568 MCCOY AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,822.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 45.81800
----------------------------------------------------------------
0 0031099211 MORTGAGORS: MARIANT KENNETH
MARIANT PATRICIA
REGION CODE ADDRESS : 2168 CALABAZAS BLVD.
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.65000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,409,400.00
P & I AMT: 10,275.78
UPB AMT: 1,407,745.08
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 258
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031099237 MORTGAGORS: JOHNSON MARK
JOHNSON PAULA
REGION CODE ADDRESS : 36129 ELBA PLACE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,865.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,813.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031099245 MORTGAGORS: FRENCH JAMES
LEY ANA
REGION CODE ADDRESS : 1419 BEDFORD AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 359,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,502.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,603.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.11410
----------------------------------------------------------------
0 0031099252 MORTGAGORS: WILLIAMS JON
LAU EDITH
REGION CODE ADDRESS : 1300 13TH AVENUE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95822
MORTGAGE AMOUNT : 233,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,780.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.98000
----------------------------------------------------------------
0 0031099286 MORTGAGORS: WHITNEY BRIAN
WHITNEY MARGARET
REGION CODE ADDRESS : 1911 MEINERS ROAD
01 CITY : OJAI
STATE/ZIP : CA 93023
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,801.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.33300
----------------------------------------------------------------
0 0031099369 MORTGAGORS: WOODS PAUL
WOODS TERESA
REGION CODE ADDRESS : 126 SOUTH LUCIA AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,621.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,339,150.00
P & I AMT: 9,621.81
UPB AMT: 1,337,571.96
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 259
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031099385 MORTGAGORS: WAY DAVID
REGION CODE ADDRESS : 12721 MULHOLLAND DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 641,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 640,774.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,483.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031099492 MORTGAGORS: EDMUNDS TOM
EDMUNDS JANET
REGION CODE ADDRESS : 23752 VIA ORTEGA
01 CITY : COTO DE CAZA AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,804.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031099518 MORTGAGORS: GARDNER THOMAS
GARDNER KATHLEEN
REGION CODE ADDRESS : 21120 SERENE WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 636,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 635,551.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,556.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.65900
----------------------------------------------------------------
0 0031099526 MORTGAGORS: CHEN BIYONG
GAO HONGWEN
REGION CODE ADDRESS : 4544 SHOREVIEW COURT
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 308,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,785.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,261.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031099542 MORTGAGORS: BAIRD STEPHEN
BAIRD CAROL
REGION CODE ADDRESS : 255 SOUTH RIOS AVENUE
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 331,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,742.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 56.13500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,208,650.00
P & I AMT: 15,845.60
UPB AMT: 2,206,656.94
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 260
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031099567 MORTGAGORS: CABLE FRANK
CABLE NANCY
REGION CODE ADDRESS : 10363 EQUESTRIAN DRIVE
01 CITY : ELK GROVE
STATE/ZIP : CA 95624
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,518.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,824.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031099609 MORTGAGORS: SING ROBERT
SING PAULINE
REGION CODE ADDRESS : 1354 MARIAN WAY
01 CITY : SACRAMENTO
STATE/ZIP : CA 95818
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031099617 MORTGAGORS: ISHISOKO TETSUO
ISHISOKO NELIA
REGION CODE ADDRESS : 724 BODEGA COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 473,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 473,139.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,270.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.98560
----------------------------------------------------------------
0 0031099633 MORTGAGORS: YOUNG RICHARD
YOUNG DEBRA
REGION CODE ADDRESS : 5414 JON DODSON DRIVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 270,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,354.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,914.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99600
----------------------------------------------------------------
0 0031099666 MORTGAGORS: TOPOLSKY KENNETH
TOPOLSKY MICHELE
REGION CODE ADDRESS : 5907 SHIRLEY AVENUE
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 455,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,529.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,261.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.41900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,883,250.00
P & I AMT: 13,504.37
UPB AMT: 1,877,330.28
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 261
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031099682 MORTGAGORS: MALOY JULIE
REGION CODE ADDRESS : 1400 SANTA FE DRIVE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,645.81 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 : 68.49315
----------------------------------------------------------------
0 0031099740 MORTGAGORS: RUSH THOMAS
RUSH ANGELA
REGION CODE ADDRESS : 3910 EAST DES MOINES STREET
01 CITY : MESA
STATE/ZIP : AZ 85205
MORTGAGE AMOUNT : 182,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 182,571.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,308.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031099864 MORTGAGORS: SUTHERLAND LEWIS
SUTHERLAND BARBARA
REGION CODE ADDRESS : 660 DORSET RD
01 CITY : DEVON
STATE/ZIP : PA 19333
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 38.73800
----------------------------------------------------------------
0 0031099963 MORTGAGORS: BUSSE PAUL
BUSSE DIANE
REGION CODE ADDRESS : 3 BARTLETT STREET
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 452,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,238.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031100019 MORTGAGORS: MC QUILLIN KEVIN
MC QUILLIN KATHERINE
REGION CODE ADDRESS : 16085 REDWOOD LODGE ROAD
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,724.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,634,700.00
P & I AMT: 11,776.14
UPB AMT: 1,633,700.71
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 262
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031100183 MORTGAGORS: ONGARO PAUL
ONGARO TAMARA
REGION CODE ADDRESS : 820 CLEVELAND AVENUE
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 261,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,110.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.70300
----------------------------------------------------------------
0 0031100225 MORTGAGORS: BURDICK DANIEL
BURDICK KERA
REGION CODE ADDRESS : 1404 PALM DR
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,603.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.23200
----------------------------------------------------------------
0 0031100233 MORTGAGORS: DEMING JODY
BAROSS JOHN
REGION CODE ADDRESS : 1100 N W ELFORD DR
01 CITY : SEATTLE
STATE/ZIP : WA 98177
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,461.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,827.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.89700
----------------------------------------------------------------
0 0031100266 MORTGAGORS: WILLIAMS DAVID
HERBERT KIM
REGION CODE ADDRESS : 602 VICTORIA LANE
01 CITY : WEXFORD
STATE/ZIP : PA 15090
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,512.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031100282 MORTGAGORS: CYPHERS ROBERT
CYPHERS KATHALEEN
REGION CODE ADDRESS : 2630 PARKSIDE DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,686.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 86.94000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,480,500.00
P & I AMT: 10,539.86
UPB AMT: 1,478,373.51
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 263
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031100290 MORTGAGORS: GARCIA-NAKATA LORRAINE
NAKATA RORY
REGION CODE ADDRESS : 289 URBANO DR
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.33300
----------------------------------------------------------------
0 0031100308 MORTGAGORS: NAKAHIRO RANDALL
NAKAHIRO SUSAN
REGION CODE ADDRESS : 7 ARRIVO DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
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 : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031100316 MORTGAGORS: FEHR MICHAEL
O'CONNOR FEHR MARY
REGION CODE ADDRESS : 2430 PINE STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94115
MORTGAGE AMOUNT : 562,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 561,684.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,156.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031100332 MORTGAGORS: STRAND GARRY
STRAND BARBARA
REGION CODE ADDRESS : 12104 BROOKSTONE DRIVE
01 CITY : KNOXVILLE
STATE/ZIP : TN 37922
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,823.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 82.06800
----------------------------------------------------------------
0 0031100340 MORTGAGORS: LANE TERRY
CARDEN LISA
REGION CODE ADDRESS : 1448 EMMONS CANYON DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 367,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,234.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,601.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.91300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,769,000.00
P & I AMT: 12,767.99
UPB AMT: 1,766,907.36
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 264
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031100381 MORTGAGORS: YUEN RICHARD
YUEN HELEN
REGION CODE ADDRESS : 2382-2384 28TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
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 : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.88980
----------------------------------------------------------------
0 0031100514 MORTGAGORS: VOSSLER JUDY
REGION CODE ADDRESS : 56-455 JACK NICKLAUS BLVD
01 CITY : LA QUINTA
STATE/ZIP : CA 92253
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.04900
----------------------------------------------------------------
0 0031100555 MORTGAGORS: FORD MICHAEL
FORD BARBARA
REGION CODE ADDRESS : 2 MARY'S CREEK LANE
01 CITY : FRIENDSWOOD
STATE/ZIP : TX 77546
MORTGAGE AMOUNT : 239,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,767.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.01800
----------------------------------------------------------------
0 0031100597 MORTGAGORS: BATTISTI GABRIEL
BATTISTI WENDY
REGION CODE ADDRESS : 1906 SWEETBRIAR ROAD
01 CITY : BEDMINISTER
STATE/ZIP : PA 18910
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,095.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.60500
----------------------------------------------------------------
0 0031100647 MORTGAGORS: WILSON RICHARD
HANSEN KERRI
REGION CODE ADDRESS : 1397 MAPLEWOOD DRIVE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 246,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,398.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,389,650.00
P & I AMT: 9,752.37
UPB AMT: 1,385,861.15
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 265
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031100662 MORTGAGORS: SPEARS KARIN
WAGNER JEANETTE
REGION CODE ADDRESS : 7768 FAIRVIEW ROAD
01 CITY : BOULDER
STATE/ZIP : CO 80303
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,593.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031100795 MORTGAGORS: WONG DAVID
WONG JENNIFER
REGION CODE ADDRESS : 36 W 901 REDGATE COURT
01 CITY : ST CHARLES
STATE/ZIP : IL 60174
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,807.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.49081
----------------------------------------------------------------
0 0031101207 MORTGAGORS: ANDREW CHRISTOPHER
ANDREW JENNIFER
REGION CODE ADDRESS : 9438 E BLOOMFIELD ROAD
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 324,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,459.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,270.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99507
----------------------------------------------------------------
0 0031101405 MORTGAGORS: GREEN BRUCE
GREEN MIRIAM
REGION CODE ADDRESS : 13327 COPPER RIDGE RD
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 253,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,529.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98800
----------------------------------------------------------------
0 0031101447 MORTGAGORS: MYERS SYDNEY
MYERS JANET
REGION CODE ADDRESS : 192 SOUTHFIELD DRIVE
01 CITY : VERNON HILLS
STATE/ZIP : IL 60061
MORTGAGE AMOUNT : 239,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,539.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,378,100.00
P & I AMT: 9,902.76
UPB AMT: 1,376,928.67
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 266
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031101603 MORTGAGORS: DZERA PAUL
DZERA BARBARA
REGION CODE ADDRESS : 34 WESTMOUNT DRIVE
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 346,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,538.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 50.65800
----------------------------------------------------------------
0 0031101751 MORTGAGORS: WILKINSON JAMES
WILKINSON MAUREEN
REGION CODE ADDRESS : 11 FOX RUN ROAD
01 CITY : DANVERS
STATE/ZIP : MA 01923
MORTGAGE AMOUNT : 233,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,114.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031101769 MORTGAGORS: BRIGUGLIO JOHN
BRIGUGLIO ELIZABETH
REGION CODE ADDRESS : 4467 STONECREST DRIVE
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,923.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031101843 MORTGAGORS: MITTAN ANGELIQUE
MITTAN SCOTT
REGION CODE ADDRESS : 2451 AUSTIN COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94546
MORTGAGE AMOUNT : 233,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,439.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031102056 MORTGAGORS: WEISSBERGER JOEL
WEISSBERGER RACHEL
REGION CODE ADDRESS : 18914 OLYMPIA ST
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,646.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.61643
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,338,800.00
P & I AMT: 9,831.34
UPB AMT: 1,337,123.92
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 267
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031102130 MORTGAGORS: COOPER FREDRIC
DEAN-COOPER LINDA
REGION CODE ADDRESS : 11205 SUNSHINE TERRACE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 264,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,211.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,987.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 66.97468
----------------------------------------------------------------
0 0031102155 MORTGAGORS: HERIZA FRANK
HERIZA CAROLYN
REGION CODE ADDRESS : 9952 LONGVIEW DRIVE
01 CITY : LITTLETON
STATE/ZIP : CO 80124
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 : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 62.59800
----------------------------------------------------------------
0 0031102171 MORTGAGORS: SU JEN-YEU
SU KO-CHIEN
REGION CODE ADDRESS : 1553 NORTH PARKER CANYON ROAD
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 289,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,129.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,174.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 68.11764
----------------------------------------------------------------
0 0031102353 MORTGAGORS: ROLLINS J.
COLEMAN ROBERT
REGION CODE ADDRESS : 1387 SHERIDAN WALK
01 CITY : ATLANTA
STATE/ZIP : GA 30324
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.78600
----------------------------------------------------------------
0 0031102379 MORTGAGORS: HANSEN RONALD
HANSEN NANCY
REGION CODE ADDRESS : 5808 NAHANE EAST
01 CITY : TACOMA
STATE/ZIP : WA 98422
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,645.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.14280
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,399,050.00
P & I AMT: 10,334.23
UPB AMT: 1,397,590.27
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 268
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031102387 MORTGAGORS: SCHNEIDER KENNETH
TOLSTOI BETSY
REGION CODE ADDRESS : 350 FALLS POINT TRAIL
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 387,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,742.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031102437 MORTGAGORS: COLSTON RICHARD
COLSTON LUCY
REGION CODE ADDRESS : 10535 STANYAN STREET
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,234.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031102452 MORTGAGORS: ADAMS EDWARD
ADAMS CLAUDETTE
REGION CODE ADDRESS : 228 LINDSEY PLACE
01 CITY : MARIETTA
STATE/ZIP : GA 30068
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,765.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.86486
----------------------------------------------------------------
0 0031102502 MORTGAGORS: FETTES IAN
FETTES SUE
REGION CODE ADDRESS : 2412 HOLLY LANE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,817.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.67600
----------------------------------------------------------------
0 0031102510 MORTGAGORS: LEITMAN CYNTHIA
SEMONES VICKY
REGION CODE ADDRESS : 235 SOMERSET RD
01 CITY : OAKLAND
STATE/ZIP : CA 94611
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.18181
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,565,000.00
P & I AMT: 10,994.96
UPB AMT: 1,564,366.75
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 269
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031102668 MORTGAGORS: MCKELVIE ADRIENNE
O'BOYLE THOMAS
REGION CODE ADDRESS : 531 GENNESSEE STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 232,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,036.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031102692 MORTGAGORS: KRAUSS STANTON
KRAUSS CRISTIE
REGION CODE ADDRESS : 10 OLD FARM ROAD
01 CITY : FAIRFIELD
STATE/ZIP : CT 06432
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031102866 MORTGAGORS: HAMMOND PAUL
REGION CODE ADDRESS : 2695 SHARONDALE DRIVE NE
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031103021 MORTGAGORS: ENRIQUEZ JAN
ENRIQUEZ YOLANDA
REGION CODE ADDRESS : 24 CLIFFSIDE DRIVE
01 CITY : DALY CITY
STATE/ZIP : CA 94015
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,850.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 88.67920
----------------------------------------------------------------
0 0031103047 MORTGAGORS: KEPLER NICHOLAS
KEPLER GAIL
REGION CODE ADDRESS : 20745 GRANADA COURT
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 595,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 594,590.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,314.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.25748
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,590,200.00
P & I AMT: 11,530.76
UPB AMT: 1,589,476.79
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 270
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031103054 MORTGAGORS: KAO WINNIE
REGION CODE ADDRESS : 792 LYNXWOOD COURT
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 293,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,297.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.90400
----------------------------------------------------------------
0 0031103062 MORTGAGORS: KUO SAM
KUO JENNY
REGION CODE ADDRESS : 48 W CAMINO REAL AVENUE
01 CITY : ARCADIA
STATE/ZIP : CA 91007
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031103070 MORTGAGORS: COOK MARK
COOK HEIDI
REGION CODE ADDRESS : 120 PRAIRIE DRIVE
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,410.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,980.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031103088 MORTGAGORS: BENDER DAVID
BENDER SUSAN
REGION CODE ADDRESS : 407 TICO ROAD
01 CITY : OJAI
STATE/ZIP : CA 93023
MORTGAGE AMOUNT : 484,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,213.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,467.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031103096 MORTGAGORS: PALMER DAVID
PALMER SHERRIE
REGION CODE ADDRESS : 11005 KIOWA LANE
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46256
MORTGAGE AMOUNT : 231,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,004.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,662,900.00
P & I AMT: 12,019.25
UPB AMT: 1,660,758.14
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 271
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031103104 MORTGAGORS: MUI ERIC
CHAN KA
REGION CODE ADDRESS : 37319 LANTANA COMMON
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,656.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.51400
----------------------------------------------------------------
0 0031103112 MORTGAGORS: HARRISON GILES
HARRISON CATHERINE
REGION CODE ADDRESS : 104 WELLINGTON AVENUE
01 CITY : MILLBURN
STATE/ZIP : NJ 07041
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,056.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,553.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031103120 MORTGAGORS: VIGNA PAUL
VIGNA JUDITH
REGION CODE ADDRESS : 48 WINDING WAY
01 CITY : PLYMOUTH
STATE/ZIP : MA 02360
MORTGAGE AMOUNT : 257,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,498.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031103153 MORTGAGORS: MANSON GREGORY
REGION CODE ADDRESS : 1437 N KINGS ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90069
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 : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031103229 MORTGAGORS: SEGEL PETER
SEGEL BARBARA
REGION CODE ADDRESS : 2935 SOUTH BRONCO STREET
01 CITY : LAS VEGAS
STATE/ZIP : NV 89102
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,321.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.84600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,605,950.00
P & I AMT: 11,720.37
UPB AMT: 1,603,202.64
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 272
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031103245 MORTGAGORS: SCHMIDT STEVEN
SCHMIDT MERRIE
REGION CODE ADDRESS : 9878 ELMHURST DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,302.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.97200
----------------------------------------------------------------
0 0031103286 MORTGAGORS: SMITH DAVID
MITSUMORI JANE
REGION CODE ADDRESS : 16452 WOODSTOCK LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 249,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,019.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031103294 MORTGAGORS: PRESCOTT RICHARD
PRESCOTT RONDI
REGION CODE ADDRESS : 14984 HUNTINGTON GATE DRIVE
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 522,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 521,260.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,739.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.25000
----------------------------------------------------------------
0 0031103302 MORTGAGORS: PINTERICH DAVID
PINTERICH HARIETA
REGION CODE ADDRESS : 54 SPANISH BAY CIRCLE
01 CITY : PEBBLE BEACH
STATE/ZIP : CA 93953
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,664.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 51.74600
----------------------------------------------------------------
0 0031103310 MORTGAGORS: RYAN MICHAEL
RYAN LAURA
REGION CODE ADDRESS : 12215 PROSSER DAM ROAD
01 CITY : TRUCKEE
STATE/ZIP : CA 96161
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,591.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,833,700.00
P & I AMT: 13,181.93
UPB AMT: 1,831,838.40
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 273
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031103328 MORTGAGORS: IDLER MICHAEL
IDLER KAREN
REGION CODE ADDRESS : 720 QUIGG WAY
01 CITY : BOULDER CREEK
STATE/ZIP : CA 95006
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,663.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031103336 MORTGAGORS: NORRIS ROBERT
NORRIS PAMELA
REGION CODE ADDRESS : 718 ROSEMONT AVENUE
01 CITY : PACIFIC GROVE
STATE/ZIP : CA 93950
MORTGAGE AMOUNT : 209,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 209,448.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,483.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031103344 MORTGAGORS: CONN RICHARD
CONN CATHRYN
REGION CODE ADDRESS : 1478 PASEO DE ORO
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 615,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 615,465.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,412.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031103351 MORTGAGORS: WOYTON HENRY
WOYTON SONIA
REGION CODE ADDRESS : 117 DALTON CIRCLE
01 CITY : HORSESHOE BAY
STATE/ZIP : TX 78657
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,675.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,170.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031103369 MORTGAGORS: CARR VALDIE
CARR SHERRY
REGION CODE ADDRESS : 6425 MIMOSA LANE
01 CITY : DALLAS
STATE/ZIP : TX 75230
MORTGAGE AMOUNT : 313,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,831.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,245.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,843,000.00
P & I AMT: 13,213.59
UPB AMT: 1,841,085.20
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 274
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031103377 MORTGAGORS: FORST THOMAS
FORST GISELDA
REGION CODE ADDRESS : 247 GRISWOLD ROAD
01 CITY : WETHERSFIELD
STATE/ZIP : CT 06109
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,838.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031103385 MORTGAGORS: KNORPP KURT
KNORPP DEBRA
REGION CODE ADDRESS : 1430 CEDAR STREET
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,620.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.36800
----------------------------------------------------------------
0 0031103393 MORTGAGORS: WIGGINS PENNY
REGION CODE ADDRESS : 1320 W ISLAND CIRCLE
01 CITY : CHANDLER
STATE/ZIP : AZ 85248
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.55600
----------------------------------------------------------------
0 0031103401 MORTGAGORS: SRETHABHAKTI PANNA
SRETHABHAKTI KAMOLWAN
REGION CODE ADDRESS : 12485 DE SANKA AVENUE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,609.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.44100
----------------------------------------------------------------
0 0031103419 MORTGAGORS: MESCHKE MICHAEL
MESCHKE KAREN
REGION CODE ADDRESS : 4327 MACKIN WOODS LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 353,560.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,316.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,563.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,420,560.00
P & I AMT: 10,368.33
UPB AMT: 1,419,209.39
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 275
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031103435 MORTGAGORS: SHWARTZ JOSEF
SHWARTZ MICHELLE
REGION CODE ADDRESS : 315 SOUTH SWALL DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90211
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,123.17 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 : 58.82300
----------------------------------------------------------------
0 0031103443 MORTGAGORS: DALY JOHN
NELSON DIANE
REGION CODE ADDRESS : 15172 LITTLE CIRCLE
01 CITY : IRVINE
STATE/ZIP : CA 92714
MORTGAGE AMOUNT : 230,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,073.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031103468 MORTGAGORS: BOWER JOHN
BOWER STACY
REGION CODE ADDRESS : 25031 WHITE SPRING
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 269,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,536.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.20200
----------------------------------------------------------------
0 0031103476 MORTGAGORS: MORRIS DIANA
REGION CODE ADDRESS : 412 IDAHO AVENUE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 362,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,024.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,691.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.12700
----------------------------------------------------------------
0 0031103484 MORTGAGORS: ARMOUR ROBERT
ARMOUR DARLEEN
REGION CODE ADDRESS : 5342 MARIETTA AVENUE
01 CITY : GARDEN GROVE
STATE/ZIP : CA 92845
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 : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 87.80400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,414,800.00
P & I AMT: 10,295.09
UPB AMT: 1,412,418.28
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 276
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031103492 MORTGAGORS: PAUL DANIEL
PAUL ILEANA
REGION CODE ADDRESS : 1883 MAYA COURT
01 CITY : VISTA
STATE/ZIP : CA 92083
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,824.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.10000
----------------------------------------------------------------
0 0031103583 MORTGAGORS: ANDREWS JOHN
REGION CODE ADDRESS : 2717 HILLVIEW GREEN
01 CITY : AUSTIN
STATE/ZIP : TX 78703
MORTGAGE AMOUNT : 447,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,126.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,167.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031103724 MORTGAGORS: REILLY JOHN
REILLY MARY
REGION CODE ADDRESS : 709 COLUMBIA DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 234,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,734.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031103740 MORTGAGORS: TYZACK JOANNA
FLORES RAYMOND
REGION CODE ADDRESS : 8303 CARRBRIDGE CIRCLE
01 CITY : TOWSON
STATE/ZIP : MD 21204
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,402.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031103765 MORTGAGORS: BOZEK MARK
BOZEK SUSAN
REGION CODE ADDRESS : 907 S. OREGON AVENUE
01 CITY : TAMPA
STATE/ZIP : FL 33606
MORTGAGE AMOUNT : 324,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,226.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,352.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,500,550.00
P & I AMT: 10,740.61
UPB AMT: 1,499,314.24
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 277
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031103781 MORTGAGORS: JEPSEN DONNA
REGION CODE ADDRESS : 2885 ROUNSEVEL TERRACE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 172,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 172,381.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,250.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 47.91600
----------------------------------------------------------------
0 0031103807 MORTGAGORS: KIM KENNITH
KIM SUNNY
REGION CODE ADDRESS : 1830 CALAFIA STREET
01 CITY : GLENDALE
STATE/ZIP : CA 91208
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.68400
----------------------------------------------------------------
0 0031103823 MORTGAGORS: ROTHMAN RONALD
ROTHMAN MARCIA
REGION CODE ADDRESS : 5937 CAREYBROOK DRIVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,764.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,385.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 40.36300
----------------------------------------------------------------
0 0031103831 MORTGAGORS: STORMS WILLIAM
REGION CODE ADDRESS : 59 MARIN AVENUE
01 CITY : SAUSALITO
STATE/ZIP : CA 94965
MORTGAGE AMOUNT : 313,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,284.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,273.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.36708
----------------------------------------------------------------
0 0031103930 MORTGAGORS: LYNCH EDWARD
REGION CODE ADDRESS : 2046 LA FREMONTIA STREET
01 CITY : SOUTH PASADENA
STATE/ZIP : CA 91030
MORTGAGE AMOUNT : 310,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,186.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,250.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,479,400.00
P & I AMT: 10,697.84
UPB AMT: 1,478,133.58
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 278
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031103963 MORTGAGORS: NYGARD JAMES
REGION CODE ADDRESS : 11450 MISSISSIPPI DRIVE
01 CITY : CHAMPLIN
STATE/ZIP : MN 55316
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,771.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031103989 MORTGAGORS: KING PAUL
STUBER-KING LINDA
REGION CODE ADDRESS : 8015 TERRACEVIEW LANE
01 CITY : MAPLE GROVE
STATE/ZIP : MN 55311
MORTGAGE AMOUNT : 256,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,214.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031104276 MORTGAGORS: KATZMAN HOWARD
KATZMAN BARBARA
REGION CODE ADDRESS : 100 AMALFI DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 429,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,704.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,110.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 49.88300
----------------------------------------------------------------
0 0031104284 MORTGAGORS: NAKAHARA EARL
NAKAHARA CYNTHIA
REGION CODE ADDRESS : 531 NEELEY COURT
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 515,640.00 OPTION TO CONVERT :
UNPAID BALANCE : 515,266.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,649.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031104375 MORTGAGORS: LYONS STEVEN
BARGEN NOELLE
REGION CODE ADDRESS : 415 BROOKS STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 283,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,599.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,033.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.71900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,808,840.00
P & I AMT: 12,929.37
UPB AMT: 1,807,556.98
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 279
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031104391 MORTGAGORS: TULLAI JASON
TULLAI MONICA
REGION CODE ADDRESS : 2435 COSTA DEL SOL
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 396,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,198.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,738.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.74509
----------------------------------------------------------------
0 0031104417 MORTGAGORS: UTTAMCHANDANI VINOD
UTTAMCHANDANI PUSPA
REGION CODE ADDRESS : 19007 FIKSE LANE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031104425 MORTGAGORS: EGUCHI FUMIO
EGUCHI CAROLYN
REGION CODE ADDRESS : 17331 CORONADO LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,315.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.84300
----------------------------------------------------------------
0 0031104540 MORTGAGORS: DEBIASE DANIEL
HARTMANN-DEBIASE MARIANNE
REGION CODE ADDRESS : 3558 EAST WOODHAVEN STREET
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,891.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,061.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.78700
----------------------------------------------------------------
0 0031104615 MORTGAGORS: CHAN SANDY
CHANG JENNIFER
REGION CODE ADDRESS : 18985 TUGGLE AVENUE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,432,000.00
P & I AMT: 10,013.69
UPB AMT: 1,430,937.25
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 280
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031105026 MORTGAGORS: REICHARDT DON
REGION CODE ADDRESS : 6013 CATAMARAN COURT
01 CITY : FLOWERY BRANCH
STATE/ZIP : GA 30542
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.28900
----------------------------------------------------------------
0 0031105083 MORTGAGORS: MUSSALLAM JOSEPH
MUSSALLAM JANAF
REGION CODE ADDRESS : 157 SUSSEX COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,801.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.82800
----------------------------------------------------------------
0 0031105091 MORTGAGORS: HEAD ANDREW
WERMICH HEAD LISA
REGION CODE ADDRESS : 17332 CORONADO LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 248,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,297.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.50700
----------------------------------------------------------------
0 0031105109 MORTGAGORS: MOLNAR FREDERICK
CHOY MOLNAR MICHELLE
REGION CODE ADDRESS : 36 SANTA CLARA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.62300
----------------------------------------------------------------
0 0031105117 MORTGAGORS: SAMUEL MARK
SAMUEL NANCY
REGION CODE ADDRESS : 25001 WANDERING LANE
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,330,650.00
P & I AMT: 9,557.88
UPB AMT: 1,329,539.28
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 281
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031105133 MORTGAGORS: BROOKING ERIC
BROOKING ANNETTE
REGION CODE ADDRESS : 2001 BROOKFIELD DRIVE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031105166 MORTGAGORS: ELLIS MICHAEL
ELLIS ROSARIO
REGION CODE ADDRESS : 1008 O STREET NORTH WEST
01 CITY : WASHINGTON
STATE/ZIP : DC 20001
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 83.33333
----------------------------------------------------------------
0 0031105174 MORTGAGORS: SORENSON MARK
SORENSON RHONDA
REGION CODE ADDRESS : 2210 BESS AVENUE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 442,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,171.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,094.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031105182 MORTGAGORS: FULLER RICHARD
FULLER ANN
REGION CODE ADDRESS : 6051 GREENBRIER DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 344,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,653.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,467.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.35483
----------------------------------------------------------------
0 0031105257 MORTGAGORS: PATEL SHASHIKANT
PATEL USHA
REGION CODE ADDRESS : 3315 CORTE VERSO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,818.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,557,900.00
P & I AMT: 11,041.91
UPB AMT: 1,556,272.03
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 282
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031105372 MORTGAGORS: BATTEH JERRY
REGION CODE ADDRESS : 9163 KINGS COLONY
01 CITY : JACKSONVILLE
STATE/ZIP : FL 32257
MORTGAGE AMOUNT : 116,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,924.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 861.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031105455 MORTGAGORS: NATSUES LEON
NATSUES MOLLY
REGION CODE ADDRESS : 6505 ESTATES DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
0 0031105489 MORTGAGORS: HUNNICUTT THOMAS
HUNNICUTT KAREN
REGION CODE ADDRESS : 3448 GRAVINA PLACE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 486,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 485,641.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,695.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031105505 MORTGAGORS: BAKER PHILIP
DRISCOLL KELLI
REGION CODE ADDRESS : 2056 EDGEWOOD DRIVE
01 CITY : SOUTH PASADENA
STATE/ZIP : CA 91030
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,480.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031105596 MORTGAGORS: RUDIS ESTHER
REGION CODE ADDRESS : 2001 BENECIA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 291,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,688.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.57142
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,584,150.00
P & I AMT: 11,509.24
UPB AMT: 1,582,494.46
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 283
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031105729 MORTGAGORS: BEHRSIN ARNO
REGION CODE ADDRESS : 89 EDGECROFT ROAD
01 CITY : KENSINGTON
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 291,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,837.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,086.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.44900
----------------------------------------------------------------
0 0031105786 MORTGAGORS: TORGERSEN R. TRENT
TORGERSEN GINA
REGION CODE ADDRESS : 3659 MAPLEKNOLL PLACE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,524.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031106065 MORTGAGORS: WAI-FU MING
LING RITA
REGION CODE ADDRESS : 21409 MARJORIE AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.50000
----------------------------------------------------------------
0 0031106081 MORTGAGORS: BECK ROBERT
BECK MERLYN
REGION CODE ADDRESS : 351 VERANO DRIVE
01 CITY : OJAI
STATE/ZIP : CA 93023
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,797.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,131.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.58620
----------------------------------------------------------------
0 0031106115 MORTGAGORS: WONG LAWRENCE
WONG CHRISTINE
REGION CODE ADDRESS : 328 MAGELLAN DRIVE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.05100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,417,750.00
P & I AMT: 10,212.16
UPB AMT: 1,416,315.42
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 284
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031106149 MORTGAGORS: ANDERSON LAWRENCE
REGION CODE ADDRESS : 3208 BLACKHAWK MEADOW DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,807.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 40.15503
----------------------------------------------------------------
0 0031106164 MORTGAGORS: GROUT AUSTIN
GROUT SYLVIA
REGION CODE ADDRESS : 101 SEVENTH STREET
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,485.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,697.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.40000
----------------------------------------------------------------
0 0031106206 MORTGAGORS: DESGALIER LANCE
DESGALIER KARI
REGION CODE ADDRESS : 13965 MIRA MONTANA DRIVE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,256.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,296.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031106230 MORTGAGORS: MAPHIS GEORGE
MAPHIS RITA
REGION CODE ADDRESS : 20057 TERRACE COURT
01 CITY : SAUGUS AREA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,309.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.66600
----------------------------------------------------------------
0 0031106248 MORTGAGORS: BREZDEN RAYMOND
BREZDEN TINA
REGION CODE ADDRESS : 17661 FALKIRK LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.29700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,500.00
P & I AMT: 10,759.75
UPB AMT: 1,509,656.72
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 285
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031106255 MORTGAGORS: CARUSO JOHN
CARUSO PATRICIA
REGION CODE ADDRESS : 47237 RANCHO HIGUERA ROAD
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 491,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,638.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,604.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.23600
----------------------------------------------------------------
0 0031106263 MORTGAGORS: SHIVERDAKER JEFFREY
SHIVERDAKER WENDY
REGION CODE ADDRESS : 929 WINDSOR HILLS CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 317,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,189.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,304.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98300
----------------------------------------------------------------
0 0031106289 MORTGAGORS: SNYDER TERESA
REGION CODE ADDRESS : 1961 IVY STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,062.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031106297 MORTGAGORS: ROSS MICHAEL
ROSS BEVERLY
REGION CODE ADDRESS : 1488 SCHAEFFER RD
01 CITY : LONG GROVE
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,585.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
0 0031106313 MORTGAGORS: CUA GILBERT
CUA GILBERTO
REGION CODE ADDRESS : 10317 AMBER STREET
01 CITY : BELLFLOWER
STATE/ZIP : CA 90706
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,909.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,541.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,565,150.00
P & I AMT: 11,314.37
UPB AMT: 1,562,385.30
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 286
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031106370 MORTGAGORS: MUNNS CLIFFORD
MUNNS ANNE
REGION CODE ADDRESS : 92-105 OLOA PLACE
01 CITY : KAPOLEI
STATE/ZIP : HI 96707
MORTGAGE AMOUNT : 250,040.87 OPTION TO CONVERT :
UNPAID BALANCE : 249,212.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,949.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/24
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 76.34800
----------------------------------------------------------------
0 0031106388 MORTGAGORS: LIBUNAO ERNESTO
LIBUNAO ROSIE
REGION CODE ADDRESS : 702 TIMBERLAND LANE
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 316,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,676.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,270.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.22500
----------------------------------------------------------------
0 0031106396 MORTGAGORS: DAULONG KEVIN
DAULONG KATHRYN
REGION CODE ADDRESS : 18 HUT HILL ROAD
01 CITY : BRIDGEWATER
STATE/ZIP : CT 06752
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,431.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/22
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.28571
----------------------------------------------------------------
0 0031106412 MORTGAGORS: VUGTEVEEN DANA
VUGTEVEEN BARBARA
REGION CODE ADDRESS : 33087 BELLINGER SCALE ROAD
01 CITY : LEBANON
STATE/ZIP : OR 97355
MORTGAGE AMOUNT : 225,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,188.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,635.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.33333
----------------------------------------------------------------
0 0031106420 MORTGAGORS: CARLSON JOANN
REGION CODE ADDRESS : 1023 SUMMER HILL DRIVE
01 CITY : ODENTON
STATE/ZIP : MD 21113
MORTGAGE AMOUNT : 231,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,841.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,674.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.65500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,283,440.87
P & I AMT: 9,367.79
UPB AMT: 1,279,350.63
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 287
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031106438 MORTGAGORS: MASAKOWSKI DANIEL
REGION CODE ADDRESS : 7 ACADEMY STREET
01 CITY : WORCESTER
STATE/ZIP : MA 01609
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,674.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,585.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031106446 MORTGAGORS: NORRIS WILLIAM
NORRIS GAYLE
REGION CODE ADDRESS : 13110 BRIARGROVE COURT
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 236,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,481.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 75.17460
----------------------------------------------------------------
0 0031106453 MORTGAGORS: POLLEY ALLAN
KOSTOPULOS-POLLEY GEORGIE
REGION CODE ADDRESS : 1319 CHAMISAL WAY
01 CITY : PEBBLE BEACH
STATE/ZIP : CA 93953
MORTGAGE AMOUNT : 326,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,721.68 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
----------------------------------------------------------------
0 0031106503 MORTGAGORS: ELKIN HERBERT
ELKIN JANE
REGION CODE ADDRESS : 1276 SWAN DRIVE
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,995.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.56700
----------------------------------------------------------------
0 0031106511 MORTGAGORS: KASVINSKY JOSEPH
KASVINSKY LINDA
REGION CODE ADDRESS : 70 PARK LANE
01 CITY : HARVARD
STATE/ZIP : MA 01451
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,329.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 69.16600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,452,200.00
P & I AMT: 10,226.14
UPB AMT: 1,445,202.56
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 288
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031106537 MORTGAGORS: RING HENRY
RING CAROL
REGION CODE ADDRESS : 5410 GRIFFITH ROAD
01 CITY : LAYTONSVILLE
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 412,733.05 OPTION TO CONVERT :
UNPAID BALANCE : 395,920.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,912.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.78800
----------------------------------------------------------------
0 0031106545 MORTGAGORS: LICHTENSTEIGER LANCE
LICHTENSTEIGER STEPHANIE
REGION CODE ADDRESS : 1901 19TH STREET
01 CITY : SURF CITY
STATE/ZIP : NJ 08008
MORTGAGE AMOUNT : 409,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,024.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,829.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.07200
----------------------------------------------------------------
0 0031106552 MORTGAGORS: SIVERT DANIEL
SIVERT BETTE
REGION CODE ADDRESS : 13520 W OLD BALTIMORE ROAD
01 CITY : BOYDS
STATE/ZIP : MD 20841
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,015.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.92920
----------------------------------------------------------------
0 0031106560 MORTGAGORS: CLOPTON CHARLES
CLOPTON JILL
REGION CODE ADDRESS : 6850 MCLEAN PROVIDENCE CIRCLE
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22043
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,692.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031106578 MORTGAGORS: HESSEN ANGIE
REGION CODE ADDRESS : 1443 SOUTH GARNSEY STREET
01 CITY : SANTA ANA
STATE/ZIP : CA 92707
MORTGAGE AMOUNT : 90,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 89,878.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 660.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,466,883.05
P & I AMT: 10,185.17
UPB AMT: 1,444,531.41
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 289
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031106610 MORTGAGORS: BELANGER JOHN
BELANGER FRANCISCA
REGION CODE ADDRESS : 29171 KENSINGTON DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,692.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031106628 MORTGAGORS: BUESSER FREDERICK
BUESSER LAUREN
REGION CODE ADDRESS : 25 LAMPREY LANE
01 CITY : TUFTONBORO
STATE/ZIP : NH 03816
MORTGAGE AMOUNT : 255,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,360.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031106693 MORTGAGORS: HOLMES WILLIAMS
HOLMES KAREN
REGION CODE ADDRESS : 5804 FITZHUGH STREET
01 CITY : BURKE
STATE/ZIP : VA 22015
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,480.44 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 : 74.62600
----------------------------------------------------------------
0 0031106719 MORTGAGORS: PAPPAS JOHN
PAPPAS BARBARA
REGION CODE ADDRESS : 10841 WELBURY COURT
01 CITY : RESTON
STATE/ZIP : VA 20194
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,656.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.91200
----------------------------------------------------------------
0 0031106800 MORTGAGORS: MC CONAUGHY JOEL
MC CONAUGHY COREEN
REGION CODE ADDRESS : 245 VIA LINDA VISTA
01 CITY : REDONDO BEACH AREA TORRA
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,800.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.93100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,286,050.00
P & I AMT: 9,101.31
UPB AMT: 1,283,990.11
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 290
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031106842 MORTGAGORS: DALY BEVERLY
DALY DALE
REGION CODE ADDRESS : 114 SAINT ANDREW DR
01 CITY : VIENNA
STATE/ZIP : VA 22180
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,533.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/24
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031106859 MORTGAGORS: DOUGHERTY GERARD
DOUGHERTY SHERRY
REGION CODE ADDRESS : 129 GOLDEN GLEN DRIVE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,550.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.90900
----------------------------------------------------------------
0 0031106875 MORTGAGORS: BOROVSKY DAVID
BOROVSKY AMY
REGION CODE ADDRESS : 10057 SANTA ROSA AVENUE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,840.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031106883 MORTGAGORS: FANSHAW CHARLES
FANSHAW DARLENE
REGION CODE ADDRESS : 244 HIDDEN WOOD CT
01 CITY : LAWRENCEVILLE
STATE/ZIP : GA 30243
MORTGAGE AMOUNT : 227,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,906.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,572.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.82248
----------------------------------------------------------------
0 0031106909 MORTGAGORS: WORTHINGTON RALPH
WORTHINGTON BARBARA
REGION CODE ADDRESS : 17185 WOODSON VIEW LANE
01 CITY : RAMONA
STATE/ZIP : CA 92065
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,983.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,555.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,301,700.00
P & I AMT: 9,194.87
UPB AMT: 1,287,813.86
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 291
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031106933 MORTGAGORS: LIPSETT H.
REGION CODE ADDRESS : 34 POND STREET
01 CITY : COHASSET
STATE/ZIP : MA 02025
MORTGAGE AMOUNT : 220,831.77 OPTION TO CONVERT :
UNPAID BALANCE : 219,031.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/23
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 66.31584
----------------------------------------------------------------
0 0031106941 MORTGAGORS: CLARK DUCHESNE
CLARK SHIRLEY
REGION CODE ADDRESS : 108 LONGFELLOW DRIVE
01 CITY : MILLERSVILLE
STATE/ZIP : MD 21108
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,525.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.30300
----------------------------------------------------------------
0 0031106958 MORTGAGORS: ALEXICH JEANNETTE
HARRIS BRUCE
REGION CODE ADDRESS : 20861 HERON DRIVE
01 CITY : BODEGA BAY
STATE/ZIP : CA 94923
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,620.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.24793
----------------------------------------------------------------
0 0031106974 MORTGAGORS: DEMKO JOSEPH
DEMKO NANCY
REGION CODE ADDRESS : 5936 BROADMOOR DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 233,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,893.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98981
----------------------------------------------------------------
0 0031106982 MORTGAGORS: RADLOFF SCOTT
RADLOFF GWYNETH
REGION CODE ADDRESS : 3147 N. QUINCY STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 271,836.71 OPTION TO CONVERT :
UNPAID BALANCE : 258,889.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/22
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.79325
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,220,868.48
P & I AMT: 8,998.21
UPB AMT: 1,204,960.65
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 292
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031106990 MORTGAGORS: UJIHARA JOHN
KATO LINDA
REGION CODE ADDRESS : 1406 DOMINICA LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 454,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,589.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,099.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031107006 MORTGAGORS: LOUTHIAN ROBERT
LOUTHIAN ARLENE
REGION CODE ADDRESS : 11608 HAVENNER ROAD
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,400.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/24
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031107014 MORTGAGORS: ZIMMERMAN LARRY
ZIMMERMAN MALINDA
REGION CODE ADDRESS : 8416 BLACK STALLION PLACE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 355,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,384.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,453.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031107030 MORTGAGORS: PARKER JOHN
PARKER MARJORIE
REGION CODE ADDRESS : 1781 ANDREA AVENUE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,615.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031107048 MORTGAGORS: JONES GERALD
JONES KIM
REGION CODE ADDRESS : 325 IRONSTONE COURT
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,613,500.00
P & I AMT: 11,151.33
UPB AMT: 1,600,795.55
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 293
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031107055 MORTGAGORS: LEE THEODORA
REGION CODE ADDRESS : 1980 LEIMERT BLVD
01 CITY : OAKLAND
STATE/ZIP : CA 94602
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,554.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,614.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031107071 MORTGAGORS: WALT JENNIFER
REGION CODE ADDRESS : 1595 5TH AVE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,642.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031107097 MORTGAGORS: SCHROEDER FRIEDHELM
KIER-SCHROEDER ANN
REGION CODE ADDRESS : 16650 ROYDER ROAD
01 CITY : COLLEGE STATION
STATE/ZIP : TX 77845
MORTGAGE AMOUNT : 267,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,030.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,938.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.91700
----------------------------------------------------------------
0 0031107113 MORTGAGORS: PULLIAM THOMAS
PULLIAM CAROL
REGION CODE ADDRESS : 3176 MADDUX DRIVE
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,309.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.67700
----------------------------------------------------------------
0 0031107139 MORTGAGORS: CHEN JOE
CHEN JESSIE
REGION CODE ADDRESS : 51 MONTCLAIRE DR
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 648,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,876.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,760.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,813,650.00
P & I AMT: 13,345.22
UPB AMT: 1,811,413.83
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 294
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031107147 MORTGAGORS: ESPINAS OSCAR
ESPINAS CARMEN
REGION CODE ADDRESS : 324 GUADALUPE TERRACE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 506,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 505,568.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,714.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031107295 MORTGAGORS: MARSHALL JEFFREY
MARSHALL AMY
REGION CODE ADDRESS : 3 REX COURT
01 CITY : RINGOES
STATE/ZIP : NJ 08551
MORTGAGE AMOUNT : 267,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,870.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.54400
----------------------------------------------------------------
0 0031107311 MORTGAGORS: CARVALHO ALEXANDER
CARVALHO LAURA
REGION CODE ADDRESS : 1511 AMELIA DRIVE
01 CITY : CEDAR PARK
STATE/ZIP : TX 78613
MORTGAGE AMOUNT : 114,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 114,471.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 830.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031107576 MORTGAGORS: LLOYD DAVID
SETTINERI CHRISTINE
REGION CODE ADDRESS : 504 ALAMEDA DE LAS PULGAS
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,726.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.78600
----------------------------------------------------------------
0 0031107592 MORTGAGORS: STEWART WILLIAM
STEWART SALLY
REGION CODE ADDRESS : 1624 WASHINGTON AVE.
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,734.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.85600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,505,850.00
P & I AMT: 10,920.41
UPB AMT: 1,504,371.59
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 295
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031107600 MORTGAGORS: DEFRENCHI ERNEST
DEFRENCHI MARY
REGION CODE ADDRESS : 3435 VICTORIA AVENUE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 249,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,978.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.60000
----------------------------------------------------------------
0 0031107618 MORTGAGORS: HIRTZER KURT
HIRTZER KAYLENE
REGION CODE ADDRESS : 1348 FOOTHILL DRIVE
01 CITY : HEALDSBURG
STATE/ZIP : CA 95448
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,838.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.21400
----------------------------------------------------------------
0 0031107626 MORTGAGORS: JI KONGYUN
JI WENLIN
REGION CODE ADDRESS : 3042 WAVERLEY STREET
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,728.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,751.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031107642 MORTGAGORS: WANG JIH
WANG LISA Y.H.
REGION CODE ADDRESS : 1134 PEDRICK COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 352,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,269.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,617.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.75100
----------------------------------------------------------------
0 0031107667 MORTGAGORS: GOLDBERG BARRY
GOLDBERG RANDI
REGION CODE ADDRESS : 8 FARRINGTON LANE
01 CITY : TWP OF RANDOLPH
STATE/ZIP : NJ 07869
MORTGAGE AMOUNT : 293,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,526,250.00
P & I AMT: 11,163.15
UPB AMT: 1,525,415.37
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 296
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031107675 MORTGAGORS: BENCKENSTEIN LEONARD
REGION CODE ADDRESS : 2147 STANMORE DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77019
MORTGAGE AMOUNT : 241,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,320.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 51.76800
----------------------------------------------------------------
0 0031107725 MORTGAGORS: ZANUTTA ROBERTO
REGION CODE ADDRESS : 355 SANTA MARGARITA AVENUE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,789.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,218.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.28500
----------------------------------------------------------------
0 0031107733 MORTGAGORS: TULLMAN JAMES
TULLMAN HEIDI
REGION CODE ADDRESS : 2229 CANFIELD AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 349,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,534.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.81200
----------------------------------------------------------------
0 0031107808 MORTGAGORS: KISSICK EDWARD
KISSICK RUBY
REGION CODE ADDRESS : 76 VIA FLOREADO
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 346,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,142.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,422.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031107857 MORTGAGORS: CAREY RAYMOND
REGION CODE ADDRESS : 7660 MEADOW COURT
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 379,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,718.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,650.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.14400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,622,400.00
P & I AMT: 11,513.56
UPB AMT: 1,621,471.82
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 297
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031107873 MORTGAGORS: STEWART RAYMOND
STEWART LYNN
REGION CODE ADDRESS : 3721 CARDIFF ROAD
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
MORTGAGE AMOUNT : 475,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,843.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,447.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.08000
----------------------------------------------------------------
0 0031107899 MORTGAGORS: SACKS MICHAEL
SACKS HELEN
REGION CODE ADDRESS : 3071 GLOBE AVENUE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,445.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031107907 MORTGAGORS: GHIORSO DANIEL
GHIORSO MARGARET
REGION CODE ADDRESS : 520 YOSEMITE DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,824.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
0 0031107949 MORTGAGORS: LOUCKS JENNIFER
REGION CODE ADDRESS : 363 CHAPMAN DRIVE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,770.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.88400
----------------------------------------------------------------
0 0031107972 MORTGAGORS: KOTTE MURALIKRISHNA
MURALIKRISHNA THILAGAVATHY
REGION CODE ADDRESS : 19680 DRAKE DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,595,300.00
P & I AMT: 11,442.45
UPB AMT: 1,593,669.12
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 298
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031108004 MORTGAGORS: ABBOTT ROBERT
CAPLAN MARIAN
REGION CODE ADDRESS : 17118 EAGLE STAR
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78248
MORTGAGE AMOUNT : 234,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,150.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.14950
----------------------------------------------------------------
0 0031108012 MORTGAGORS: VASUDEVA ANIL
VASUDEVA SHOBHA
REGION CODE ADDRESS : 1474 CAMINO ROBLES COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 53.47368
----------------------------------------------------------------
0 0031108046 MORTGAGORS: KELLMAN MARK
KELLMAN KATHLEEN
REGION CODE ADDRESS : 22501 PEARTREE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 361,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,732.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.80800
----------------------------------------------------------------
0 0031108053 MORTGAGORS: WRAY JOHNSTON
WRAY DONNA
REGION CODE ADDRESS : 2751 WEST FIERRO CIRCLE
01 CITY : LA CRESCENTA AREA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 245,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,281.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,779.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.14000
----------------------------------------------------------------
0 0031108251 MORTGAGORS: DEAN ERIC
DEAN LYNN
REGION CODE ADDRESS : 12686 FOXWOODS DRIVE
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 279,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,142.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,374,300.00
P & I AMT: 9,694.57
UPB AMT: 1,373,122.86
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 299
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031108350 MORTGAGORS: NGUYEN BRIAN
DOAN MAI
REGION CODE ADDRESS : 916 LA PALMA PLACE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.15789
----------------------------------------------------------------
0 0031108368 MORTGAGORS: BERGMARK GARRETT
BERGMARK ESTHER
REGION CODE ADDRESS : 24618 STONEGATE DRIVE
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 305,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,294.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,239.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 76.37500
----------------------------------------------------------------
0 0031108384 MORTGAGORS: DELGADO JESUS
DELGADO ANDRES
REGION CODE ADDRESS : 3302 NORTH 80TH LANE
01 CITY : PHOENIX
STATE/ZIP : AZ 85033
MORTGAGE AMOUNT : 70,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 70,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 515.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 95.00000
----------------------------------------------------------------
0 0031108483 MORTGAGORS: KASHEFI IFA
REGION CODE ADDRESS : 3656 VIA DEL PRADO
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,572.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,132.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.43800
----------------------------------------------------------------
0 0031108608 MORTGAGORS: SEARBY PHILIP
REGION CODE ADDRESS : 82 HICKORY LANE
01 CITY : LINCOLNSHIRE
STATE/ZIP : IL 60069
MORTGAGE AMOUNT : 258,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,571.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,876.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,179,550.00
P & I AMT: 8,462.80
UPB AMT: 1,178,565.21
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 300
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031108723 MORTGAGORS: GONZALEZ EDUARDO
GONZALEZ KRISTEN
REGION CODE ADDRESS : 7508 BOXBERRY TERRACE
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20879
MORTGAGE AMOUNT : 204,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 204,036.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,375.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0031108806 MORTGAGORS: TEXEIRA STEVE
TEXEIRA KAREN
REGION CODE ADDRESS : 321 IRON HORSE COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94595
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,768.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,827.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 34.28500
----------------------------------------------------------------
0 0031109051 MORTGAGORS: RICHMAN STUART
REGION CODE ADDRESS : 950 NORHAM PLACE
01 CITY : GLENDALE
STATE/ZIP : CA 91211
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,825.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.14200
----------------------------------------------------------------
0 0031109085 MORTGAGORS: SHEIN JEFFREY
STEWART LORRIE
REGION CODE ADDRESS : 7278 WEST 90TH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 233,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,935.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.82800
----------------------------------------------------------------
0 0031109093 MORTGAGORS: BANNA IMAD
BANNA OLA
REGION CODE ADDRESS : 10 NARBONNE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,284,300.00
P & I AMT: 9,235.71
UPB AMT: 1,283,397.17
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 301
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031109101 MORTGAGORS: HATZIKOKOLAKIS CHRISTOFOROS
HATZIKOKOLAKIS JACQUELINE
REGION CODE ADDRESS : 258 STETSON DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 299,493.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,292.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,197.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.79030
----------------------------------------------------------------
0 0031109127 MORTGAGORS: MCDONALD ROBERT
MCDONALD MARIA
REGION CODE ADDRESS : 966 SAN RAMON COURT
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,242.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,422.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031109150 MORTGAGORS: WETHERELL CHARLES
REGION CODE ADDRESS : 3903 MIDDLEFIELD ROAD #F
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
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 : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031109192 MORTGAGORS: DESTRUEL M
DESTRUEL KAREN
REGION CODE ADDRESS : 80 OAK TREE DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95401
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 : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.86200
----------------------------------------------------------------
0 0031109200 MORTGAGORS: LECLAIR ANTHONY
LECLAIR KAREN
REGION CODE ADDRESS : 28015 NICHOLS SAWMILL ROAD
01 CITY : MAGNOLIA
STATE/ZIP : TX 77355
MORTGAGE AMOUNT : 359,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,302.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,606.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.90000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,719,543.00
P & I AMT: 12,243.92
UPB AMT: 1,718,545.70
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 302
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031109366 MORTGAGORS: PIERREPONT JOHN
PIERREPONT LISA
REGION CODE ADDRESS : 840 CLAYTON STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 508,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 507,632.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,595.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.55550
----------------------------------------------------------------
0 0031109382 MORTGAGORS: CROWLEY-LEONHEART DEBBIE
REGION CODE ADDRESS : 18 FOWLER COURT
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,790.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.82100
----------------------------------------------------------------
0 0031109416 MORTGAGORS: TADEVICH CHRISTOPHER
TADEVICH SUSAN
REGION CODE ADDRESS : 2460 SCARLETT ROAD
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 334,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,181.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,482.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031109440 MORTGAGORS: SCOTT LAURA
SCHWARTZ PETER
REGION CODE ADDRESS : 381 CHAPMAN DRIVE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,622.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.85700
----------------------------------------------------------------
0 0031109473 MORTGAGORS: TURNEY PATRICK
TURNEY SHARON
REGION CODE ADDRESS : 4106 AMYX COURT
01 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,840.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.81800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,623,400.00
P & I AMT: 11,711.77
UPB AMT: 1,622,068.15
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 303
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031109499 MORTGAGORS: RENKEY ALBERT
RENKEY MARY
REGION CODE ADDRESS : 1423 NORTH HIGHLAND STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22201
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031109614 MORTGAGORS: ARVIDSON DEBORAH
REGION CODE ADDRESS : 12238 HART CREST
01 CITY : SAN ATONIO
STATE/ZIP : TX 78249
MORTGAGE AMOUNT : 132,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 132,354.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 937.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.97000
----------------------------------------------------------------
0 0031109622 MORTGAGORS: PERNIA NICHOLAS
PERNIA SONIA
REGION CODE ADDRESS : 4214 MACKINWOODS LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,814.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 45.87100
----------------------------------------------------------------
0 0031109945 MORTGAGORS: TODTFELD BRUCE
WEINER JILL
REGION CODE ADDRESS : 11 SAPPHIRE AVENUE
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 176,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 176,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,230.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031110109 MORTGAGORS: OLIVER III ROWLAND
OLIVER ANNE
REGION CODE ADDRESS : 5003 LINCOLN DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,784.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,133,450.00
P & I AMT: 7,980.50
UPB AMT: 1,132,741.98
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 304
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031110711 MORTGAGORS: BERDIA AJAY
BERDIA SHASHI
REGION CODE ADDRESS : 8 WILLIMATIC COURT
01 CITY : SHOREHAM
STATE/ZIP : NY 11786
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,795.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.92600
----------------------------------------------------------------
0 0031110737 MORTGAGORS: KONICEK ROBIN
REGION CODE ADDRESS : 410-412 29TH STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.54321
----------------------------------------------------------------
0 0031110927 MORTGAGORS: ITZKOWITZ ISRAEL
ITZKOWITZ TAMAR
REGION CODE ADDRESS : 4952 PLACIDIA AVENUE
01 CITY : NORTH HOLLYWOOD AREA
STATE/ZIP : CA 91601
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.04100
----------------------------------------------------------------
0 0031111024 MORTGAGORS: ROBLES ROBERT
DICENZO DONNA
REGION CODE ADDRESS : 67 TARA RD
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 602,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 601,585.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,364.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.25000
----------------------------------------------------------------
0 0031111131 MORTGAGORS: CARGIUOLO LINDA
CARGIUOLO FRANK
REGION CODE ADDRESS : 24 HILLSIDE AVENUE
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 252,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,912.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.01400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,786,100.00
P & I AMT: 12,858.46
UPB AMT: 1,784,851.75
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 305
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031111370 MORTGAGORS: LUM JEFFREY
LUM SHARON
REGION CODE ADDRESS : 25 KOOTENAI COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,781.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 54.16600
----------------------------------------------------------------
0 0031111461 MORTGAGORS: KELLER RICHARD
KELLER JUDITH
REGION CODE ADDRESS : 833 RIDGEVIEW DRIVE
01 CITY : WOODLAND
STATE/ZIP : CA 95695
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,658.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031111487 MORTGAGORS: TROUNG TOAN
PHAM VAN
REGION CODE ADDRESS : 445 CALISTOGA CIRCLE
01 CITY : FREMONT
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 230,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,081.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031111503 MORTGAGORS: BEMILLER STEVEN
BEMILLER SHEILA
REGION CODE ADDRESS : 21615 WEST CANYON HEIGHTS CIRCLE
01 CITY : SAUGUS
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 239,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,019.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0031111529 MORTGAGORS: WANG MICHAEL
WANG CAMILLE
REGION CODE ADDRESS : 5549 MISTRIDGE DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 491,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,486.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,476.69 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: 1,532,950.00
P & I AMT: 11,058.37
UPB AMT: 1,531,028.86
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 306
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031111537 MORTGAGORS: BASHIRI HAMID
BASHIRI YVONNE
REGION CODE ADDRESS : 638 GREYLYN DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 242,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,406.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031111552 MORTGAGORS: KENEHAN VIVECA
KENEHAN EDWARD
REGION CODE ADDRESS : 14405 CERVANTES AVENUE
01 CITY : DARNESTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 389,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,462.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,820.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031111578 MORTGAGORS: NAKASHIMA WESELY
NAKASHIMA CHRISTINA
REGION CODE ADDRESS : 4818 ALGONQUIN COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 296,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,883.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.01200
----------------------------------------------------------------
0 0031111594 MORTGAGORS: DELANEY LAWRENCE
DELANEY PAMELA
REGION CODE ADDRESS : 15325 MICHAEL CREST DRIVE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,507.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,588.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.84200
----------------------------------------------------------------
0 0031111610 MORTGAGORS: COOPER NIGEL
COOPER TRACY
REGION CODE ADDRESS : 664 BRENDA LEE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,644.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.12300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,530,250.00
P & I AMT: 11,032.06
UPB AMT: 1,527,904.05
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 307
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031111636 MORTGAGORS: KALIANOV STEVEN
KALIANOV KAREN
REGION CODE ADDRESS : 902 CERISE AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,072.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031111644 MORTGAGORS: MOONEY MICHAEL
MOONEY SUSAN
REGION CODE ADDRESS : 7208 FAWN CROSSING DRIVE
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,638.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.03200
----------------------------------------------------------------
0 0031111768 MORTGAGORS: ODEJOBI LOOKMAN
ODEJOBI YEMISI
REGION CODE ADDRESS : 64 GRISTMILL ROAD
01 CITY : HOWELL
STATE/ZIP : NJ 07731
MORTGAGE AMOUNT : 241,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,629.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.92700
----------------------------------------------------------------
0 0031111818 MORTGAGORS: AIELLO ANTHONY
AIELLO DOROTHY
REGION CODE ADDRESS : 8 DONOVAN LANE
01 CITY : FRAMINGHAM
STATE/ZIP : MA 01701
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 : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031111982 MORTGAGORS: CHAO FRANK
PIAN CHAO-HSING
REGION CODE ADDRESS : 3843 JASON CIRCLE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 361,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,324.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,497.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,346,400.00
P & I AMT: 9,531.90
UPB AMT: 1,345,065.14
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 308
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031112162 MORTGAGORS: BARR THOMAS
BARR CAROLYN
REGION CODE ADDRESS : 6065 NORTH FOREST GLEN
01 CITY : CHICAGO
STATE/ZIP : IL 60646
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 : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031112287 MORTGAGORS: ATWOOD ROBERT
ATWOOD CAROLINE
REGION CODE ADDRESS : 13657 ETUDE ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 242,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,815.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031112303 MORTGAGORS: CANALI LUIGI
CANALI EILEEN
REGION CODE ADDRESS : 14209 CERVANTES AVENUE
01 CITY : DARNESTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 386,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,365.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,805.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031112311 MORTGAGORS: DAVIDSON JOE
DAVIDSON MARY
REGION CODE ADDRESS : 12343 KINGSPINE AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,226.92 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 0031112329 MORTGAGORS: FISHMAN DARREN
FISHMAN ROBIN
REGION CODE ADDRESS : 4006 VIRGINIA PINE DRIVE
01 CITY : CARROLLTON
STATE/ZIP : TX 75007
MORTGAGE AMOUNT : 107,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 107,522.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 761.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,368,650.00
P & I AMT: 9,882.58
UPB AMT: 1,366,930.36
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 309
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031112337 MORTGAGORS: PAYER ROBERT
PAYER MONICA
REGION CODE ADDRESS : 1678 PASEO CASTILLE
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,529.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.92400
----------------------------------------------------------------
0 0031112352 MORTGAGORS: BARON RICHARD
REGION CODE ADDRESS : 3212 & 3214 BROAD STREET
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 321,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,907.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,276.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031112360 MORTGAGORS: BOLLE GARY
BOLLE DOROTA
REGION CODE ADDRESS : 1521 PEREGRINE DRIVE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 254,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,330.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031112378 MORTGAGORS: DELANEY TIMOTHY
DELANEY NANCY
REGION CODE ADDRESS : 507 TARTER COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 253,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,852.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031112386 MORTGAGORS: ELLIS DAVID
ELLIS MARIANNE
REGION CODE ADDRESS : 3580 VALLEY MEADOW ROAD
01 CITY : LOS ANGELES,
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 491,320.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,567.35 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: 1,634,100.00
P & I AMT: 11,651.09
UPB AMT: 1,630,941.16
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 310
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031112774 MORTGAGORS: MARDYKS HARVEY
MARDYKS KATHY
REGION CODE ADDRESS : 1943 ROMONA DRIVE
01 CITY : CAMARILLO AREA
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,291.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.81000
----------------------------------------------------------------
0 0031112808 MORTGAGORS: CARESIO KENNETH
CARESIO LOUISE
REGION CODE ADDRESS : 651 VIA FAISON
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,670.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,220.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.99305
----------------------------------------------------------------
0 0031112923 MORTGAGORS: ROOSA JAMES
ROOSA KAREN
REGION CODE ADDRESS : 1841 MILLERSVILLE PIKE
01 CITY : LANCASTER
STATE/ZIP : PA 17603
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,563.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,963.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031112972 MORTGAGORS: BOUDREAU MICHAEL
BOUDREAU KAY
REGION CODE ADDRESS : 3850 RIO ROAD # 88
01 CITY : CARMEL
STATE/ZIP : CA 93923
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,818.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.33330
----------------------------------------------------------------
0 0031112980 MORTGAGORS: WEINSTEIN BARRON
FELDMAN WEINSTEIN ELYSE
REGION CODE ADDRESS : 128 ELISEO DRIVE
01 CITY : GREENBRAE
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 422,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,009.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,061.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.48623
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,681,550.00
P & I AMT: 12,006.37
UPB AMT: 1,680,354.07
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 311
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031113020 MORTGAGORS: DOLLOFF JOHN
DOLLOFF LINDA
REGION CODE ADDRESS : 1619 VENTANA DRIVE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.23900
----------------------------------------------------------------
0 0031113046 MORTGAGORS: O'MELIA JOHN
REGION CODE ADDRESS : 262 FINNEGAN DRIVE
01 CITY : MILLERSVILLE
STATE/ZIP : MD 21108
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031113079 MORTGAGORS: PACE ROBERT
ELDREDGE-PACE WENDY
REGION CODE ADDRESS : 16825 WESLEY CHAPEL ROAD
01 CITY : MONKTON
STATE/ZIP : MD 21111
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.63600
----------------------------------------------------------------
0 0031113103 MORTGAGORS: MOSES CHARLES
MOSES LINDA
REGION CODE ADDRESS : 12376 BROWN FOX WAY
01 CITY : RESTON
STATE/ZIP : VA 22091
MORTGAGE AMOUNT : 250,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,167.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031113111 MORTGAGORS: BOWHAY MICHAEL
BOWHAY MARCIA
REGION CODE ADDRESS : 442 BELDEN STREET
01 CITY : MONTEREY
STATE/ZIP : CA 93940
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.79000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,348,150.00
P & I AMT: 9,593.84
UPB AMT: 1,346,992.84
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 312
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031113129 MORTGAGORS: BROWN TOM
BERGER PAULEEN
REGION CODE ADDRESS : 2147 RIMCREST DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91207
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,680.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.21311
----------------------------------------------------------------
0 0031113137 MORTGAGORS: PATERSON LAURA
REGION CODE ADDRESS : 968 KINTYRE WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.31500
----------------------------------------------------------------
0 0031113145 MORTGAGORS: MENNA RANDALL
DEAN AMY BETH
REGION CODE ADDRESS : 1448 NEWPORT AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 447,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,676.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,163.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.22222
----------------------------------------------------------------
0 0031113160 MORTGAGORS: PLOTKIN NORMAN
OMI DORIS JEAN
REGION CODE ADDRESS : 1282 SUNSET LOOP
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,779.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031113194 MORTGAGORS: GRIFFIN JEFFREY
GRIFFIN CYNTHIA
REGION CODE ADDRESS : 710 HALLBROOK COURT
01 CITY : ALPHARETTA
STATE/ZIP : GA 30004
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,570.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 51.74700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,681,000.00
P & I AMT: 11,701.66
UPB AMT: 1,679,524.31
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 313
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031113228 MORTGAGORS: BARLOW LESLIE
REGION CODE ADDRESS : 10675 OXFORD MILL CIRCLE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30202
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031113269 MORTGAGORS: CARTER BRUCE
CARTER BETTY
REGION CODE ADDRESS : 3270 KATES WAY
01 CITY : DULUTH
STATE/ZIP : GA 30097
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,342.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.82653
----------------------------------------------------------------
0 0031113368 MORTGAGORS: CHERNACK BRUCE
CHERNACK LEE ANN
REGION CODE ADDRESS : 9 JUNO ROAD
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,786.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.66666
----------------------------------------------------------------
0 0031113400 MORTGAGORS: ABRONS ADAM
REGION CODE ADDRESS : 404 GOLDEN GATE AVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94115
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,810.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031113459 MORTGAGORS: RAYOR DAVID
RAYOR LORENA
REGION CODE ADDRESS : 2255 SANTA FE AVENUE
01 CITY : TORRENCE
STATE/ZIP : CA 90501
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,403,000.00
P & I AMT: 9,851.95
UPB AMT: 1,400,359.90
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 314
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031113467 MORTGAGORS: MASON RANDY
MASON ANNETTE
REGION CODE ADDRESS : 1223 SANTA LUISA DRIVE
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031113749 MORTGAGORS: COLLORD GEORGE
COLLORD VALERIE
REGION CODE ADDRESS : 2518 GREENVALE COURT
01 CITY : SANTA ROSA
STATE/ZIP : CA 95401
MORTGAGE AMOUNT : 250,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,523.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.46100
----------------------------------------------------------------
0 0031113764 MORTGAGORS: LIM HARRY
LOUIE MAY
REGION CODE ADDRESS : 1840 SAN JACINTO ST
01 CITY : LOS ANGELES
STATE/ZIP : CA 90026
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,796.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.06600
----------------------------------------------------------------
0 0031113855 MORTGAGORS: KIM SOO
REGION CODE ADDRESS : 31 KINGSTON WAY
01 CITY : COTATI
STATE/ZIP : CA 94931
MORTGAGE AMOUNT : 94,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 94,739.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 712.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031113863 MORTGAGORS: ADKINS MELANIE
ZOZOSKY BETTY
REGION CODE ADDRESS : 914 COTTONWOOD COURT
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 157,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 157,393.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,170.18 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: 1,092,100.00
P & I AMT: 7,898.11
UPB AMT: 1,091,026.86
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 315
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031113970 MORTGAGORS: KOLKMEYER JOHANN
KOLKMEYER VIOLET
REGION CODE ADDRESS : 28411 RANCHO GRANDE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 267,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,311.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.30500
----------------------------------------------------------------
0 0031113988 MORTGAGORS: POTTS CHRISTOPHER
POTTS SU
REGION CODE ADDRESS : 1123 OLIVE LANE
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 308,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,282.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.75900
----------------------------------------------------------------
0 0031113996 MORTGAGORS: GARTUS PETER
AGUIAR JO-ANN
REGION CODE ADDRESS : 2749 SAN RAMON DR
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,809.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.52900
----------------------------------------------------------------
0 0031114010 MORTGAGORS: SARTO BARON
SARTO CATHERINE
REGION CODE ADDRESS : 321 ISBEL DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 311,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,019.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031114028 MORTGAGORS: SAIZ RICHARD
SAIZ JUANNA
REGION CODE ADDRESS : 381 LOS PALMOS DRIVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,812.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.97500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,423,250.00
P & I AMT: 10,142.82
UPB AMT: 1,422,234.13
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 316
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031114036 MORTGAGORS: HWANG MING
HWANG JENNY
REGION CODE ADDRESS : 165 SIERRA AGULE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 545,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 544,615.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,904.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 34.06200
----------------------------------------------------------------
0 0031114127 MORTGAGORS: SCHROEDER LAWRENCE
SCHROEDER LAUREL
REGION CODE ADDRESS : 830 NORTH GRAND AVENUE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 306,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,483.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,197.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.16400
----------------------------------------------------------------
0 0031114192 MORTGAGORS: SHORES HOWARD
SHORES MARIA
REGION CODE ADDRESS : 1609 ARCATA STREET
01 CITY : REDLANDS
STATE/ZIP : CA 92374
MORTGAGE AMOUNT : 269,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,304.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.73300
----------------------------------------------------------------
0 0031114259 MORTGAGORS: FRAZIER SUSAN
REGION CODE ADDRESS : 344 NORTH BROADWAY
01 CITY : UPPER NYACK
STATE/ZIP : NY 10960
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,820.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031114267 MORTGAGORS: SINGLETON G.
SINGLETON SYANN
REGION CODE ADDRESS : 6446 MEADOW ROAD
01 CITY : DALLAS
STATE/ZIP : TX 75230
MORTGAGE AMOUNT : 502,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 501,627.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,510.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.16483
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,859,200.00
P & I AMT: 13,149.25
UPB AMT: 1,857,851.68
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 317
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031114275 MORTGAGORS: APTHORP JAMES
APTHORP JOAN
REGION CODE ADDRESS : 2901 RUBIDEAUX STREET
01 CITY : TAMPA
STATE/ZIP : FL 33629
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031114374 MORTGAGORS: LEVIN ELAINE
REGION CODE ADDRESS : 3277 ALTA LAGUNA BLVD
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,735.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,791.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.49019
----------------------------------------------------------------
0 0031114382 MORTGAGORS: GOODMAN GLENN
GOODMAN FRANCINE
REGION CODE ADDRESS : 235 ELM AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,299.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031114689 MORTGAGORS: ANDERSEN DOUGLAS
ANDERSEN JANET
REGION CODE ADDRESS : 1605 PLUM THICKET LANE
01 CITY : WEST DES MOINES
STATE/ZIP : IA 50266
MORTGAGE AMOUNT : 412,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,208.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,955.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.32400
----------------------------------------------------------------
0 0031114879 MORTGAGORS: WEATHERSBY ANDRI
WEATHERSBY BRENDA
REGION CODE ADDRESS : 4245 MILLSIDE WALK
01 CITY : SMYRNA
STATE/ZIP : GA 30080
MORTGAGE AMOUNT : 290,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,067.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.93400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,693,500.00
P & I AMT: 12,063.63
UPB AMT: 1,692,073.13
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 318
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031115009 MORTGAGORS: BROWN ROBERT
BROWN CAROL
REGION CODE ADDRESS : 926 EAST KNOLL STREET
01 CITY : MESA
STATE/ZIP : AZ 85203
MORTGAGE AMOUNT : 208,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,849.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,472.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031115025 MORTGAGORS: BRUEGGE THOMAS
BRUEGGE CAROL
REGION CODE ADDRESS : 5019 INDIANOLA WAY
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,729.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.56800
----------------------------------------------------------------
0 0031115108 MORTGAGORS: NORMAN JESSE
NORMAN DARLENE
REGION CODE ADDRESS : 8 DUARTE COURT
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,216.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.52200
----------------------------------------------------------------
0 0031115124 MORTGAGORS: RIDPATH LESLIE
REGION CODE ADDRESS : 8207 STEWART AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,808.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031115207 MORTGAGORS: PILARSKI KEVIN
PILARSKI JILL
REGION CODE ADDRESS : 24 WIMBLEDON
01 CITY : LAKE BLUFF
STATE/ZIP : IL 60044
MORTGAGE AMOUNT : 418,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,962.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.60600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,521,900.00
P & I AMT: 10,786.63
UPB AMT: 1,521,104.16
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 319
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031115330 MORTGAGORS: YOUMANS JOSEPH
YOUMANS ELAINE
REGION CODE ADDRESS : 162-164 NIETO AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.29400
----------------------------------------------------------------
0 0031115462 MORTGAGORS: SCHARFF HANNS
SCHARFF MAUREEN
REGION CODE ADDRESS : 2921 SONDRA COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031115504 MORTGAGORS: GORE CARLTON
GORE CHRISTINE
REGION CODE ADDRESS : 1143 OAK GLEN LANE
01 CITY : SUGAR LAND
STATE/ZIP : TX 77479
MORTGAGE AMOUNT : 128,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 128,604.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 899.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97000
----------------------------------------------------------------
0 0031115553 MORTGAGORS: WAYLAND ALBERT
WAYLAND SARAH
REGION CODE ADDRESS : 4704 WHITE BLUFF DRIVE
01 CITY : FRISCO
STATE/ZIP : TX 75034
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,822.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031115561 MORTGAGORS: FLEMING DANIEL
BLAIR RACHEL
REGION CODE ADDRESS : 4129 SNEED ROAD
01 CITY : NASHVILLE
STATE/ZIP : TN 37215
MORTGAGE AMOUNT : 240,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,117.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,659.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.31500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,205,000.00
P & I AMT: 8,548.80
UPB AMT: 1,204,131.59
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 320
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031115645 MORTGAGORS: ABBOTT RENICK
ABBOTT JOAN
REGION CODE ADDRESS : 2520 STONE VALLEY PLAIN
01 CITY : CUMMINGS
STATE/ZIP : GA 30101
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.94300
----------------------------------------------------------------
0 0031115686 MORTGAGORS: GLASS JAMES
REGION CODE ADDRESS : 2817 LA RHEE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.15789
----------------------------------------------------------------
0 0031115991 MORTGAGORS: ROGERS DAVID
REGION CODE ADDRESS : 2054 BELLOW AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.26600
----------------------------------------------------------------
0 0031116007 MORTGAGORS: HIPSHMAN JEFFREY
HIPSHMAN MARY
REGION CODE ADDRESS : 29 ANTIGUA
01 CITY : DANA POINT
STATE/ZIP : CA 92629
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 : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.31000
----------------------------------------------------------------
0 0031116015 MORTGAGORS: GARDNER MALIN
GARDNER MARILYN
REGION CODE ADDRESS : 5504 NORTH 1870 WEST
01 CITY : ST GEORGE
STATE/ZIP : UT 84770
MORTGAGE AMOUNT : 80,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 79,951.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 615.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 42.10500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,128,500.00
P & I AMT: 8,238.16
UPB AMT: 1,127,910.06
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 321
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031116023 MORTGAGORS: ABRAM WILLIAM
ABRAM MARTHA
REGION CODE ADDRESS : 4670 PARK BROOKE TRACE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,595.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031116072 MORTGAGORS: BURNEY RICHARD
BURNEY LINDA
REGION CODE ADDRESS : 2931 MAIN WAY DRIVE
01 CITY : ROSSMOOR AREA
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,748.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.06800
----------------------------------------------------------------
0 0031116155 MORTGAGORS: NAJARIAN MICHAEL
NAJARIAN KIMBERLY
REGION CODE ADDRESS : 2427 CHELMSFORD DRIVE
01 CITY : CROFTON
STATE/ZIP : MD 21114
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,898.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98700
----------------------------------------------------------------
0 0031116239 MORTGAGORS: YUNG GORDON
YUNG HELENA
REGION CODE ADDRESS : 201 PRESERVE LANE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 323,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,443.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031116247 MORTGAGORS: PAPANICOLAOU FOTIS
PAPANICOLAOU LITSA
REGION CODE ADDRESS : 9952 CAPRIDGE DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75238
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,218.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,600.00
P & I AMT: 9,877.97
UPB AMT: 1,416,903.90
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 322
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031116270 MORTGAGORS: CASSIDY MICHAEL
CASSIDY DEBORAH
REGION CODE ADDRESS : 25546 CHILMARK DRIVE
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 189,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 188,995.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,388.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031116320 MORTGAGORS: GUERRERO JEFFREY
REGION CODE ADDRESS : 320 SANDHURST STREET
01 CITY : REDWOOD SHORES
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 290,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,996.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,232.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 69.99300
----------------------------------------------------------------
0 0031116353 MORTGAGORS: GUNN STUART
GUNN LYNNE
REGION CODE ADDRESS : 466 CARLETON AVENUE
01 CITY : GLEN ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 437,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,093.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.73500
----------------------------------------------------------------
0 0031116569 MORTGAGORS: AVILA GLENN
AVILA NANCY
REGION CODE ADDRESS : 1145 EDEN AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,771.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031116593 MORTGAGORS: URIBE DEAN
URIBE MARY
REGION CODE ADDRESS : 31911 LA SUBIDA DRIVE
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.80590
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,486,600.00
P & I AMT: 10,826.55
UPB AMT: 1,485,595.68
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 323
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031116692 MORTGAGORS: KRISHNA ANAKAVOOR
KRISHNA LATHA
REGION CODE ADDRESS : 19994 WHEATON DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,726.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,573.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.13200
----------------------------------------------------------------
0 0031116700 MORTGAGORS: PORTER ANNE
REGION CODE ADDRESS : 3954 BELLINGRATH MAIN
01 CITY : KENNESAW
STATE/ZIP : GA 30144
MORTGAGE AMOUNT : 242,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,987.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031116775 MORTGAGORS: KORMAN JOAN
REGION CODE ADDRESS : 1124 CLEGHORN DRIVE UNIT E
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 106,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 106,370.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 744.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.59500
----------------------------------------------------------------
0 0031116858 MORTGAGORS: LOMBARDI DEAN
LOMBARDI WANDA
REGION CODE ADDRESS : 1197 NORVAL WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 414,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,107.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,968.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.06600
----------------------------------------------------------------
0 0031116874 MORTGAGORS: ROGERS EDWIN
ROGERS JEAN
REGION CODE ADDRESS : 2599 SHERWOOD DRIVE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 249,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,473.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,380,650.00
P & I AMT: 9,851.56
UPB AMT: 1,379,666.72
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 324
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031116890 MORTGAGORS: BECKMAN NANCY
REGION CODE ADDRESS : 1017 BYERLEY AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,203.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031116957 MORTGAGORS: TAYLOR MICHELE
TAYLOR MICHAEL
REGION CODE ADDRESS : 1811 RALSTON AVENUE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,784.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,185.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.96600
----------------------------------------------------------------
0 0031116973 MORTGAGORS: NICHOLSON THOMAS
NICHOLSON JULIE
REGION CODE ADDRESS : 825 RIESLING ROAD
01 CITY : PETALUMA
STATE/ZIP : CA 94954
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 86.80500
----------------------------------------------------------------
0 0031117013 MORTGAGORS: TORRES HUGO
TORRES MARIA
REGION CODE ADDRESS : 325 OAK STREET
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.15700
----------------------------------------------------------------
0 0031117039 MORTGAGORS: BELKIN JEROME
BELKIN JILL
REGION CODE ADDRESS : 208 CALLE AMOROSA
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 167,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 167,078.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,183.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,300,600.00
P & I AMT: 9,307.67
UPB AMT: 1,299,679.83
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 325
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031117047 MORTGAGORS: SMITH ROBERT
SMITH SUSAN
REGION CODE ADDRESS : 26050 BATES PLACE
01 CITY : STEVENSON RANCH
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 236,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,472.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031117070 MORTGAGORS: LAZAROFF GERALD
LAZAROFF LINDA
REGION CODE ADDRESS : 5120 WELLINGHALL WAY
01 CITY : COLUMBIA
STATE/ZIP : MD 21044
MORTGAGE AMOUNT : 393,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,778.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,784.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031117195 MORTGAGORS: TUCH BARRY
TUCH SUZANNE
REGION CODE ADDRESS : 877 SERENE COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.04100
----------------------------------------------------------------
0 0031117260 MORTGAGORS: SHARMA SANJAY
SHARMA NEETI
REGION CODE ADDRESS : 48969 GREEN VALLEY ROAD
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,735.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.36300
----------------------------------------------------------------
0 0031117302 MORTGAGORS: CROWN JOHN
CROWN EMILY
REGION CODE ADDRESS : 1911 TUNBRIDGE DRIVE
01 CITY : RICHMOND
STATE/ZIP : VA 23233
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 : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,751,150.00
P & I AMT: 12,434.72
UPB AMT: 1,749,439.91
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 326
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031117310 MORTGAGORS: ZONOUN MOHAMMAD
REGION CODE ADDRESS : 772 DARTSHIRE WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031117369 MORTGAGORS: CHAPPELL BRIAN
CHAPPELL KATHRYN
REGION CODE ADDRESS : 5475 WOODED WAY
01 CITY : COLUMBIA
STATE/ZIP : MD 21044
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,564.83 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 : 89.43400
----------------------------------------------------------------
0 0031117526 MORTGAGORS: STEFANKO STEPHEN
STEFANKO DEBRA
REGION CODE ADDRESS : 100 SILVERWOOD DRIVE
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 418,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,221.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,036.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031117583 MORTGAGORS: MC KENNA TERRENCE
MC KENNA JUDITH
REGION CODE ADDRESS : 107 CHINABERRY LANE
01 CITY : COLLEGVILLE
STATE/ZIP : PA 19426
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,991.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98200
----------------------------------------------------------------
0 0031117617 MORTGAGORS: LEE HUNG
LEE ANNIE
REGION CODE ADDRESS : 2308 KING ARTHUR COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 605,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 604,539.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,178.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.41600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,858,200.00
P & I AMT: 13,168.26
UPB AMT: 1,856,138.63
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 327
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031117633 MORTGAGORS: TROIANI MARC
TROIANI MARY
REGION CODE ADDRESS : 1402 EAGLE RIDGE RUN
01 CITY : BEL AIR
STATE/ZIP : MD 21014
MORTGAGE AMOUNT : 237,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,409.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,582.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.98600
----------------------------------------------------------------
0 0031117666 MORTGAGORS: COTLER STUART
COTLER CYNTHIA
REGION CODE ADDRESS : 11 WYNDOM COURT
01 CITY : HOCKESSIN
STATE/ZIP : DE 19707
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,798.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.96300
----------------------------------------------------------------
0 0031117799 MORTGAGORS: JENKINS JOSEFF
JENKINS DEBORAH
REGION CODE ADDRESS : 604 HEATHERGLEN DRIVE
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031117922 MORTGAGORS: EVANS STEVEN
EVANS SANDRA
REGION CODE ADDRESS : 27422 VIA GARCIA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 233,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,947.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031117930 MORTGAGORS: ANGLE RICHARD
ANGLE HEIDI
REGION CODE ADDRESS : 54 FISKE ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 648,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,586.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,667,900.00
P & I AMT: 11,855.34
UPB AMT: 1,666,973.69
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 328
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031117948 MORTGAGORS: LEE HUNG
LEE JACQUELINE
REGION CODE ADDRESS : 622 ENCHANTED WAY
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.96500
----------------------------------------------------------------
0 0031118128 MORTGAGORS: MC INTYRE PAUL
LU CHIH
REGION CODE ADDRESS : 1522 GOODMAN AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,795.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031119209 MORTGAGORS: BUICK JAMES
BUICK MAUREEN
REGION CODE ADDRESS : 67 SAN ANDREAS WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,767.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,357.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 52.01500
----------------------------------------------------------------
0 0031119324 MORTGAGORS: LING LISA
REGION CODE ADDRESS : 4040 GOODLAND AVENUE
01 CITY : STUDIO CITY AREA
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 269,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,304.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.01400
----------------------------------------------------------------
0 0031119340 MORTGAGORS: WEIBEL DAVID
WEIBEL TRACY
REGION CODE ADDRESS : 4606 144TH PLACE SOUTHEAST
01 CITY : BELLEVUE
STATE/ZIP : WA 98006
MORTGAGE AMOUNT : 265,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,697.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.63300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,561,400.00
P & I AMT: 11,154.76
UPB AMT: 1,560,290.72
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 329
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031119449 MORTGAGORS: PAINO JAMES
PAINO CHERYL
REGION CODE ADDRESS : 631 SCENIC DRIVE
01 CITY : BERN TOWNSHIP
STATE/ZIP : PA 19506
MORTGAGE AMOUNT : 352,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,544.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,497.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031119456 MORTGAGORS: BROWN MONTE
BROWN JEANNE
REGION CODE ADDRESS : 31 ALGONQUIAN DRIVE
01 CITY : SOUTH NATICK
STATE/ZIP : MA 01761
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.67700
----------------------------------------------------------------
0 0031119472 MORTGAGORS: MAHALLATI JAHANGIR
MAHALLATI MARYAM
REGION CODE ADDRESS : 17736 ARVIDA DRIVE
01 CITY : GRANDA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,083.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031119506 MORTGAGORS: BLAIR MARK
BLAIR MARTINE
REGION CODE ADDRESS : 730 POMONA AVE
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 603,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 602,167.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,372.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.34200
----------------------------------------------------------------
0 0031119555 MORTGAGORS: JUDY J.
JUDY CONNIE
REGION CODE ADDRESS : 25126 SANDIA COURT
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,798.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,876,050.00
P & I AMT: 13,424.59
UPB AMT: 1,874,304.54
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 330
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031119571 MORTGAGORS: FINE STEWART
FINE PATRICIA
REGION CODE ADDRESS : 5166 EGGERS DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,418.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031119639 MORTGAGORS: RICKEL DAVID
RICKEL CARINA
REGION CODE ADDRESS : 826 PONDEROSA AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.81700
----------------------------------------------------------------
0 0031119647 MORTGAGORS: LATHAM ROBERT
LATHAM CYNTHIA
REGION CODE ADDRESS : 363 FERNWOOD DRIVE
01 CITY : MORAGA
STATE/ZIP : CA 94556
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.63600
----------------------------------------------------------------
0 0031119654 MORTGAGORS: COURTNEY F.
COURTNEY BARBARA
REGION CODE ADDRESS : 9127 FREMONT AVENUE
01 CITY : MARGATE
STATE/ZIP : NJ 08402
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,801.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031119688 MORTGAGORS: NAGAHAMA GUY
SCAMPERLE ELIZABETH
REGION CODE ADDRESS : 40 JOY STREET UNIT 14
01 CITY : BOSTON
STATE/ZIP : MA 02114
MORTGAGE AMOUNT : 326,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,309.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.70100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,541,850.00
P & I AMT: 11,012.66
UPB AMT: 1,540,990.82
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 331
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031119886 MORTGAGORS: LIBS CHRISTINE
REGION CODE ADDRESS : 2260 GLENNEYRE STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,152.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,746.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031120504 MORTGAGORS: HAIN ROBERT
REGION CODE ADDRESS : 251 BAYSHORE DR
01 CITY : PENSACOLA
STATE/ZIP : FL 32507
MORTGAGE AMOUNT : 249,306.11 OPTION TO CONVERT :
UNPAID BALANCE : 247,802.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,028.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 05/01/23
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 73.32500
----------------------------------------------------------------
0 0031120561 MORTGAGORS: WALKER STEVEN
WALKER LISSA
REGION CODE ADDRESS : 28012 CAMINO LAS RAMBLES
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 456,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,192.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031120603 MORTGAGORS: KILLION PAUL
KILLION SUZANNE
REGION CODE ADDRESS : 167 RIDGEWOOD DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,776.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.27100
----------------------------------------------------------------
0 0031120611 MORTGAGORS: BRINN LYNDA
REGION CODE ADDRESS : 5333 VISTA GRANDE DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,784.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,708,906.11
P & I AMT: 12,347.18
UPB AMT: 1,706,114.78
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 332
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031120728 MORTGAGORS: CAMPELL ROBERT
CAMPBELL MARYBETH
REGION CODE ADDRESS : 26056 MONTE CARLO WAY
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 271,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,298.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.85200
----------------------------------------------------------------
0 0031120736 MORTGAGORS: METZ GORDON
METZ OLGA
REGION CODE ADDRESS : 2139 BASSWOOD DRIVE
01 CITY : LAFAYETTE HILL
STATE/ZIP : PA 19444
MORTGAGE AMOUNT : 330,820.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,542.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,173.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031120819 MORTGAGORS: ZORICH RONALD
ZORICH SUSAN
REGION CODE ADDRESS : 28622 MOUNT ROSE ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,844.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031120835 MORTGAGORS: KERSTEN DIANA
AUSTIN MICHAEL
REGION CODE ADDRESS : 325 DIAMOND STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,654.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,510.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.28700
----------------------------------------------------------------
0 0031120884 MORTGAGORS: KAYA SELAHATTIN
REGION CODE ADDRESS : 1821 N 43 AVENUE
01 CITY : HOLLYWOOD
STATE/ZIP : FL 33021
MORTGAGE AMOUNT : 104,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 103,930.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 763.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,428,320.00
P & I AMT: 10,047.50
UPB AMT: 1,427,269.28
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 333
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031121379 MORTGAGORS: KELLEY ROBERT
MILLER-KELLEY CHERYL
REGION CODE ADDRESS : 10971 E. PARADISE DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,726.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,779.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031121668 MORTGAGORS: PATTERSON JAY
PATTERSON HEIDI
REGION CODE ADDRESS : 11133 PELHAM LANE
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 208,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,837.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,418.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031121908 MORTGAGORS: DORE REAL
DORE ANN
REGION CODE ADDRESS : 6056 OAK FOREST WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,807.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031121973 MORTGAGORS: GORGONE GINA
SIMONE JAMES
REGION CODE ADDRESS : 1253 PINE CREST DRIVE
01 CITY : BOULDER CREEK
STATE/ZIP : CA 95006
MORTGAGE AMOUNT : 255,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,410.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031122047 MORTGAGORS: SCHULER MARTIN
SCHULER AUDREY
REGION CODE ADDRESS : 3540 SYLVAN LANE
01 CITY : PLACERVILLE
STATE/ZIP : CA 95667
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,842.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,365,600.00
P & I AMT: 9,733.00
UPB AMT: 1,364,624.50
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 334
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031122237 MORTGAGORS: FABRIQUE JAMES
FABRIQUE MAREA
REGION CODE ADDRESS : 26 PAMPLONA COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 249,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,573.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031122278 MORTGAGORS: GENGARO ANTHONY
GENGARO PATRICIA
REGION CODE ADDRESS : 1001 SOUTH GILPIN STREET
01 CITY : DENVER
STATE/ZIP : CO 80209
MORTGAGE AMOUNT : 300,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,293.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,178.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.04300
----------------------------------------------------------------
0 0031122294 MORTGAGORS: CLACK CALVIN
CLACK VANESSA
REGION CODE ADDRESS : 3 CORNWALL PLACE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031122310 MORTGAGORS: OLSON RAYMOND
OLSON JEANNE
REGION CODE ADDRESS : 438 CALIFORNIA AVENUE
01 CITY : MOSS BEACH
STATE/ZIP : CA 94038
MORTGAGE AMOUNT : 242,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,320.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,695.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.98400
----------------------------------------------------------------
0 0031122336 MORTGAGORS: HO KAREN
LIU KWOK
REGION CODE ADDRESS : 1405-1407 37TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,739.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,390,750.00
P & I AMT: 9,937.40
UPB AMT: 1,389,762.61
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 335
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031122476 MORTGAGORS: DEVINE THOMAS
DEVINE KAREN
REGION CODE ADDRESS : 55 DALE DRIVE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,409.99 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 : 78.71700
----------------------------------------------------------------
0 0031122484 MORTGAGORS: BAZAIN NEIL
BAZAIN GLORIA
REGION CODE ADDRESS : 9592 SW 124TH TERRACE
01 CITY : MIAMI
STATE/ZIP : FL 33176
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 : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.95100
----------------------------------------------------------------
0 0031122500 MORTGAGORS: ROMANO CHRISTOPHER
ROMANO JOAN
REGION CODE ADDRESS : 10 EMMONS DRIVE
01 CITY : MILLSTONE TWP.
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,272.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,853.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031122526 MORTGAGORS: DONO JOSEPH
DONO MARY
REGION CODE ADDRESS : 8 ROSE GLEN COURT
01 CITY : NEWTOWN
STATE/ZIP : PA 19073
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 : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 58.69800
----------------------------------------------------------------
0 0031122534 MORTGAGORS: ZELOV V.
REGION CODE ADDRESS : 220 ROSE LANE
01 CITY : LOWER MERION
STATE/ZIP : PA 19041
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,585.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 43.47800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,391,600.00
P & I AMT: 10,139.23
UPB AMT: 1,389,696.19
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 336
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031122567 MORTGAGORS: GARRY LEONARD
GARRY LINDA
REGION CODE ADDRESS : 3 DANFORTH DRIVE
01 CITY : VOORHEES
STATE/ZIP : NJ 08043
MORTGAGE AMOUNT : 383,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,400.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,612.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.90800
----------------------------------------------------------------
0 0031122609 MORTGAGORS: LAZO JORGE
REGION CODE ADDRESS : 12473 SW 77 STREET
01 CITY : MIAMI
STATE/ZIP : FL 33183
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,841.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031122625 MORTGAGORS: VILLANUEVA OVIDIO
FLORES MARIA
REGION CODE ADDRESS : 4465 W HUTCHINSON
01 CITY : CHICAGO
STATE/ZIP : IL 60641
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,649.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.15300
----------------------------------------------------------------
0 0031122682 MORTGAGORS: BEAVERS SALLY
REGION CODE ADDRESS : 33020 WELD COUNTY ROAD 4
01 CITY : KEENSBURG
STATE/ZIP : CO 80643
MORTGAGE AMOUNT : 89,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 88,940.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 653.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 63.57100
----------------------------------------------------------------
0 0031122690 MORTGAGORS: HOLIAN AUSTIN
HOLIAN NANCY
REGION CODE ADDRESS : 423 CANDLEBERRY ROAD
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 282,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,379.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,927.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,244,600.00
P & I AMT: 8,767.00
UPB AMT: 1,243,211.34
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 337
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031122724 MORTGAGORS: CARR JOHN
MARLOWE-CARR LISA
REGION CODE ADDRESS : 1918 RICHARD STREET
01 CITY : BURBANK
STATE/ZIP : CA 91504
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031122906 MORTGAGORS: MOWERY LEE
MOWERY MARILYN
REGION CODE ADDRESS : 190 WAGON WHEEL ROAD
01 CITY : PALM DESERT
STATE/ZIP : CA 92211
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 : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.54500
----------------------------------------------------------------
0 0031123250 MORTGAGORS: HOWELL GARY
HOWELL PAMELA
REGION CODE ADDRESS : 7108 GERRARDS CROSS
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 214,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,440.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,500.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.03600
----------------------------------------------------------------
0 0031123383 MORTGAGORS: BRUMM BRIAN
BRUMM LISA
REGION CODE ADDRESS : 17 LEDGEWOOD DRIVE
01 CITY : LAS FLORES AREA
STATE/ZIP : CA 92688
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.00000
----------------------------------------------------------------
0 0031123425 MORTGAGORS: RASMUSSEN STEPHEN
RASMUSSEN CYNTHIA
REGION CODE ADDRESS : 1077 TULIP TREE LANE
01 CITY : WEST DES MOINES
STATE/ZIP : IA 50266
MORTGAGE AMOUNT : 286,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,697.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 49.04200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,408,750.00
P & I AMT: 10,143.56
UPB AMT: 1,407,765.63
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 338
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031123581 MORTGAGORS: LEE ANSON
AU SUSANA
REGION CODE ADDRESS : 2915 MERIDIEN CIRCLE
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,214.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031123631 MORTGAGORS: DAVIS WILLIAM
REGION CODE ADDRESS : 7240 ELKHORN ROAD
01 CITY : LAS VEGAS
STATE/ZIP : NV 89131
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 : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.72700
----------------------------------------------------------------
0 0031123755 MORTGAGORS: HAYCOCK RANDY
HAYCOCK ANGELA
REGION CODE ADDRESS : 15370 MICHAEL CREST DR
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 396,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,877.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,872.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031123839 MORTGAGORS: PAYNE ANTONY
PAYNE JEANINNE
REGION CODE ADDRESS : 16634 CHAPLIN AVENUE
01 CITY : LOS ANGELES (ENCINO AREA)
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 467,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 466,804.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,389.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.47200
----------------------------------------------------------------
0 0031123847 MORTGAGORS: VINCENT JON
REGION CODE ADDRESS : 1703 POPE CT
01 CITY : WILMINGTON
STATE/ZIP : NC 28405
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,528.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,216.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.67000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,675,000.00
P & I AMT: 11,977.10
UPB AMT: 1,673,078.48
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 339
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031123854 MORTGAGORS: BAKER ROBERT
BAKER KATHRYN
REGION CODE ADDRESS : 3819 ABINGDON RD
01 CITY : CHARLOTTE
STATE/ZIP : NC 28211
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031123870 MORTGAGORS: CRUMBLISS DANIEL
CRUMBLISS JANA
REGION CODE ADDRESS : 2484 TANNENBAUM ROAD
01 CITY : DRASCO
STATE/ZIP : AR 72530
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,821.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.41100
----------------------------------------------------------------
0 0031123888 MORTGAGORS: REINE ARTHUR
SIGEL SHARON
REGION CODE ADDRESS : 16 TUBWRECK DRIVE
01 CITY : MEDFIELD
STATE/ZIP : MA 02052
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,780.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.43100
----------------------------------------------------------------
0 0031123946 MORTGAGORS: HARDING JOHN
BRADLEY SUSAN
REGION CODE ADDRESS : 18 WARREN STREET
01 CITY : GEORGETOWN
STATE/ZIP : MA 01833
MORTGAGE AMOUNT : 232,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,218.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,585.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031123953 MORTGAGORS: GILL HENRY
GILL SARAH
REGION CODE ADDRESS : 5324 WOODNOTE LANE
01 CITY : COLUMBIA
STATE/ZIP : MD 21044
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,607.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,984.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 86.56200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,351,400.00
P & I AMT: 9,501.82
UPB AMT: 1,350,210.80
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 340
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031123961 MORTGAGORS: SCOTT STUART
REGION CODE ADDRESS : 1938 ROSEBUD COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,684.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031124001 MORTGAGORS: NEWTON MARY
REGION CODE ADDRESS : 8200 JOSELLE COURT
01 CITY : FORT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 240,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,150.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.41900
----------------------------------------------------------------
0 0031124019 MORTGAGORS: HANIE CHARLES
HANIE DEBORAH
REGION CODE ADDRESS : 66 PRIOR FARM ROAD
01 CITY : DUXBURY
STATE/ZIP : MA 02332
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,523.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.07200
----------------------------------------------------------------
0 0031124050 MORTGAGORS: WATKINS RANDALL
WATKINS PATRICE
REGION CODE ADDRESS : 5420 BRUSHY MEADOWS DRIVE
01 CITY : FUQUAY VARINA
STATE/ZIP : NC 27526
MORTGAGE AMOUNT : 239,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,922.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031124126 MORTGAGORS: LISTER DANIEL
LISTER MARGARET
REGION CODE ADDRESS : 404 MONTGOMERY PLACE
01 CITY : VISALIA
STATE/ZIP : CA 93291
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,022.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,371,100.00
P & I AMT: 9,746.48
UPB AMT: 1,369,303.81
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 341
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031124233 MORTGAGORS: CARTY CLIFFORD
CARTY SUSAN
REGION CODE ADDRESS : 2411 SPRINGPARK WAY
01 CITY : RICHARDSON
STATE/ZIP : TX 75082
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,808.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,015.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031124282 MORTGAGORS: BEDNAR JOHN
BEDNAR MARGARET
REGION CODE ADDRESS : 304 FIELDSTONE DRIVE
01 CITY : LAPORTE
STATE/ZIP : IN 46350
MORTGAGE AMOUNT : 251,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,927.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,820.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031124290 MORTGAGORS: SCHMIDT KURT
DARLING ANTONIA
REGION CODE ADDRESS : 1446 8TH AVENUE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95818
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,786.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.60900
----------------------------------------------------------------
0 0031124357 MORTGAGORS: LARKIN TERRY
LARKIN PATRICIA
REGION CODE ADDRESS : 28175 WESTFIELD DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 251,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,018.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031124365 MORTGAGORS: DIENER DAVID
REGION CODE ADDRESS : 8 WICKERSHAM LANE
01 CITY : LADUE
STATE/ZIP : MO 63124
MORTGAGE AMOUNT : 414,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,727.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,003.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.67300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,504,600.00
P & I AMT: 10,866.01
UPB AMT: 1,503,268.61
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 342
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031124373 MORTGAGORS: LOMBARD MATTHEW
LOMBARD KATHLEEN
REGION CODE ADDRESS : 2110 W 230TH STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90501
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031124415 MORTGAGORS: GEROV SEMEN
GEROV LARISA
REGION CODE ADDRESS : 2401 HERCULES DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031124423 MORTGAGORS: REUSS WAYNE
REUSS MICHELLE
REGION CODE ADDRESS : 540 STONEY PEAK COURT
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 190,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 190,625.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,416.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.83300
----------------------------------------------------------------
0 0031124431 MORTGAGORS: AUZANNEAU GILLES
TABELLION CHERYL
REGION CODE ADDRESS : 1313 CORDARY AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,812.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031124449 MORTGAGORS: UNRUH ROBERT
REGION CODE ADDRESS : 2240 VERDE OAK DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,830.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,456,750.00
P & I AMT: 10,398.48
UPB AMT: 1,455,713.28
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 343
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031124456 MORTGAGORS: BURMOOD KEN
RIENZO MARIA
REGION CODE ADDRESS : 26702 MATIAS DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,672.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,718.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031124464 MORTGAGORS: O'DONNELL RUSSELL
O'DONNELL JANE
REGION CODE ADDRESS : 5299 PEARLMAN WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 373,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,779.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,640.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.97900
----------------------------------------------------------------
0 0031124472 MORTGAGORS: WITOSLAWSKI EDWARD
WITOSLAWSKI WANDA
REGION CODE ADDRESS : 2550 COLUMBIA DRIVE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,681.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031124480 MORTGAGORS: GOODMAN CHARLES
GOODMAN DIANE
REGION CODE ADDRESS : 1801 CALLE DE SEBASTIAN
01 CITY : SANTA FE
STATE/ZIP : NM 87505
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,309.54 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 : 75.18700
----------------------------------------------------------------
0 0031124506 MORTGAGORS: HOLLIS RICHARD
STEPHENSON-HOLLIS JULIE
REGION CODE ADDRESS : 12844 BAYWIND POINT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 454,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,663.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,174.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,807,050.00
P & I AMT: 12,962.90
UPB AMT: 1,805,106.33
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 344
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031124514 MORTGAGORS: SHERMAN SCOTT
SHERMAN DOROTHY
REGION CODE ADDRESS : 18535 DEL MONTE AVENUE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,634.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.78200
----------------------------------------------------------------
0 0031124563 MORTGAGORS: BRINKMAN DEBRA
REGION CODE ADDRESS : 5115 LIDO SANDS
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,404.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
0 0031124597 MORTGAGORS: STEGEMAN ALICE
SARTOR TERESA
REGION CODE ADDRESS : 916 PIOVANA COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 260,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,330.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031124639 MORTGAGORS: MCLEMAN GAVIN
MCLEMAN ROCHEL
REGION CODE ADDRESS : 10204 CLEARBROOK PLACE
01 CITY : KENSINGTON
STATE/ZIP : MD 20895
MORTGAGE AMOUNT : 205,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 204,751.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,452.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031124696 MORTGAGORS: SALLE CHARLES
REGION CODE ADDRESS : 2343 MAXIMILIAN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,387.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,231,900.00
P & I AMT: 8,764.04
UPB AMT: 1,228,509.12
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 345
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031124738 MORTGAGORS: ARANCIO SALVATORE
ARANCIO LYDIA
REGION CODE ADDRESS : 1319 MOUNT RAINIER ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 279,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,692.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031124795 MORTGAGORS: DENEROFF ERIC
DENEROFF LAUREN
REGION CODE ADDRESS : 5298 PEARLMAN WY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 366,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,441.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031124944 MORTGAGORS: MANANSALA JAIME
MANANSALA G.
REGION CODE ADDRESS : 651 GREYLYN DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 234,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,150.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97900
----------------------------------------------------------------
0 0031124977 MORTGAGORS: FRISINA FRANK
FRISINA JOANN
REGION CODE ADDRESS : 1904 MARINA DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90732
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,548.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,554.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031124993 MORTGAGORS: ALBEROLA RENE
ALBEROLA CHARLOTTE
REGION CODE ADDRESS : 1137 CARDIFF CIRCLE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 306,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,198.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,275.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.40400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,531,600.00
P & I AMT: 11,053.81
UPB AMT: 1,529,031.23
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 346
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031125032 MORTGAGORS: WOLFERT TRENT
WOLFERT CINDI
REGION CODE ADDRESS : 27461 TIARA DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
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 : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031125107 MORTGAGORS: SUNDGREN DONALD
SUNDGREN VICTORIA
REGION CODE ADDRESS : 51 SUGAR PINE LANE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 442,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,757.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,131.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031125131 MORTGAGORS: LEVINE MARC
CHIARAMONTE-LEVINE DEBORAH
REGION CODE ADDRESS : 3020 21ST STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,569.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.72400
----------------------------------------------------------------
0 0031125222 MORTGAGORS: LETSINGER DENIS
LETSINGER LINDA
REGION CODE ADDRESS : 37788 DUVALL COURT
01 CITY : FREMONT
STATE/ZIP : CA 94536
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.64100
----------------------------------------------------------------
0 0031125255 MORTGAGORS: HARICH KARL
HARICH EVA
REGION CODE ADDRESS : 4214 CLARK AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90808
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,931.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 725.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.47900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,383,150.00
P & I AMT: 9,956.71
UPB AMT: 1,381,644.76
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 347
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031125289 MORTGAGORS: HARRIS RICHARD
SALVO-HARRIS DEBRA
REGION CODE ADDRESS : 5315 HASKELL STREET
01 CITY : LA CANADA-FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 426,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,083.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,981.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031125297 MORTGAGORS: EISENBARTH D.
EISENBARTH ANN
REGION CODE ADDRESS : 12 MACKENZIE LANE
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,646.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,204.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031125305 MORTGAGORS: KIRSTEN DOUGLAS
KIRSTEN LISA
REGION CODE ADDRESS : 1247 LATTIE LANE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 494,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 493,660.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,581.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
0 0031125339 MORTGAGORS: TREECE BRAD
TREECE VICTORIA
REGION CODE ADDRESS : 5292 ENTRADA OLMOS
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 259,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,062.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031125354 MORTGAGORS: VANCE ALLAN
MULKINS MARY
REGION CODE ADDRESS : 183 ANGELA DRIVE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,581.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,798.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,193,650.00
P & I AMT: 15,401.70
UPB AMT: 2,192,034.38
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 348
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031125362 MORTGAGORS: GILLER TIMOTHY
REGION CODE ADDRESS : 86 YACHT HARBOR DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,704.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,228.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031125420 MORTGAGORS: RUENES ALBERT
RUENES CYNTHIA
REGION CODE ADDRESS : 11 LAKEVIEW TIMBER DRIVE
01 CITY : GOULDSBORO
STATE/ZIP : PA 18424
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,535.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,026.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031125438 MORTGAGORS: FELICIANO PHILIP
FELICIANO MAYANNE
REGION CODE ADDRESS : 15806 34TH AVENUE SE
01 CITY : MILL CREEK
STATE/ZIP : WA 98012
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,544.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031125446 MORTGAGORS: BANHAM CHARLOTTE
REGION CODE ADDRESS : 16 SHADOWLAWN STREET
01 CITY : HOUSTON
STATE/ZIP : TX 77005
MORTGAGE AMOUNT : 625,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 624,136.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,531.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0031125453 MORTGAGORS: SMALL JAMES
SMALL KAREN
REGION CODE ADDRESS : 4605 LEWIS LEIGH COURT
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,940,000.00
P & I AMT: 13,804.56
UPB AMT: 1,937,921.30
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 349
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031125479 MORTGAGORS: CLARK MICHAEL
CLARK LEIONI
REGION CODE ADDRESS : 16338 SW STAHL DRIVE
01 CITY : TIGARD
STATE/ZIP : OR 97223
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,240.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.22500
----------------------------------------------------------------
0 0031125511 MORTGAGORS: AMUDIPE OLUWOLE
REGION CODE ADDRESS : 94 A NORRISTOWN ROAD
01 CITY : WHITPAIN TOWNSHIP
STATE/ZIP : PA 19422
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,186.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,462.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031125578 MORTGAGORS: KRYGER STEVEN
KRYGER SHARON
REGION CODE ADDRESS : 1215 CORK DRIVE
01 CITY : PAPILLION
STATE/ZIP : NE 68046
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.73600
----------------------------------------------------------------
0 0031125594 MORTGAGORS: ALLEN ROBERT
REGION CODE ADDRESS : 325 WOODCREEK LANE
01 CITY : FAYETTEVILLE
STATE/ZIP : GA 30215
MORTGAGE AMOUNT : 281,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,001.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,015.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031125610 MORTGAGORS: HUNTER JERRY
HUNTER MAUREEN
REGION CODE ADDRESS : 302 W SPRUCE STREET
01 CITY : LOUISVILLE
STATE/ZIP : CO 80027
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,426,600.00
P & I AMT: 10,268.78
UPB AMT: 1,422,209.88
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 350
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031125685 MORTGAGORS: LEE KENNETH
LEE STEPHANIE
REGION CODE ADDRESS : CAMINO DEL MONTE 2NE OF 1ST AVENUE
01 CITY : CARMEL
STATE/ZIP : CA 93921
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 : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
0 0031125834 MORTGAGORS: KELLER RICHARD
MACKILLOP JENNIFER
REGION CODE ADDRESS : 2627 NORTHWEST 88TH STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98117
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,819.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.81200
----------------------------------------------------------------
0 0031125859 MORTGAGORS: FROHMAN CLAYTON
REGION CODE ADDRESS : 10507 HOLMAN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,590.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,493.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 64.95000
----------------------------------------------------------------
0 0031125982 MORTGAGORS: KUMAR RAMAMURTHY
KUMAR PRABHA
REGION CODE ADDRESS : 19020 BARNHART AVENUE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,748.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,463.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031126014 MORTGAGORS: NORUP KIM
NORUP ANDREA
REGION CODE ADDRESS : 860 KNIGHT STREET
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,795.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.41700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,475,000.00
P & I AMT: 10,681.35
UPB AMT: 1,473,954.06
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 351
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031126121 MORTGAGORS: WILLIAMSON EVAN
WILLIAMSON MARILYN
REGION CODE ADDRESS : 14612 NORTH SOMERSET CIRCLE
01 CITY : GREEN OAKS
STATE/ZIP : IL 60048
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.03500
----------------------------------------------------------------
0 0031126147 MORTGAGORS: PASHUPATHY ANAND
MUTHURAGHAVAN KALLA
REGION CODE ADDRESS : 4874 NW RAINIER TERRACE
01 CITY : PORTLAND
STATE/ZIP : OR 97229
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031126188 MORTGAGORS: SMITH RICHARD
BENDEL ANNE
REGION CODE ADDRESS : 2006 PINE RIDGE DRIVE
01 CITY : WEST ST. PAUL
STATE/ZIP : MN 55118
MORTGAGE AMOUNT : 393,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,083.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,922.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 85.75100
----------------------------------------------------------------
0 0031126196 MORTGAGORS: COLE CALVIN
REGION CODE ADDRESS : 4507 KNAPP HOLLOW
01 CITY : AUSTIN
STATE/ZIP : TX 78731
MORTGAGE AMOUNT : 256,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,219.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.89200
----------------------------------------------------------------
0 0031126337 MORTGAGORS: MARTIN ASHLEY
REGION CODE ADDRESS : 1628 EAST ASHLEY AVE
01 CITY : FOLLY BEACH
STATE/ZIP : SC 29439
MORTGAGE AMOUNT : 317,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,364.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,647,600.00
P & I AMT: 11,878.95
UPB AMT: 1,646,192.24
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 352
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031126394 MORTGAGORS: WEST MATTHEW
MADDUX LORI
REGION CODE ADDRESS : 2884 MCKELVY AVENUE
01 CITY : CLOVIS
STATE/ZIP : CA 93611
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,149.49 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 : 90.00000
----------------------------------------------------------------
0 0031126436 MORTGAGORS: ROTH ALEXANDER
ROTH RAMONA
REGION CODE ADDRESS : 17 HARROD CIRCLE
01 CITY : SALINAS
STATE/ZIP : CA 93906
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,826.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,143.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031126469 MORTGAGORS: FURLONG PATRICK
HANSEN LINDA
REGION CODE ADDRESS : 1367 EAST SAINT JAMES CIRCLE
01 CITY : FRESNO
STATE/ZIP : CA 93720
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031126477 MORTGAGORS: ELAHI BABAK
ELAHI LADAN
REGION CODE ADDRESS : 156 SUMMERSET COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,812.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.92900
----------------------------------------------------------------
0 0031126600 MORTGAGORS: COWPERTHWAITE ROBERT
REGION CODE ADDRESS : 3810 WEST 3625 SOUTH
01 CITY : HOOPER
STATE/ZIP : UT 84315
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,460,750.00
P & I AMT: 10,498.26
UPB AMT: 1,459,337.36
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 353
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031126691 MORTGAGORS: LYON CHARLES
LYON PAULA
REGION CODE ADDRESS : 1101 CABRIOLET BLVD.
01 CITY : AUBURN
STATE/ZIP : IN 46706
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,788.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
0 0031126733 MORTGAGORS: HALLE HOWARD
HALLE MARY
REGION CODE ADDRESS : 4425 NORTH BAY ROAD
01 CITY : MIAMI BEACH
STATE/ZIP : FL 33140
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031126766 MORTGAGORS: MACGREGOR MARK
MACGREGOR JAN
REGION CODE ADDRESS : 15506 OAKMONT CLUB COURT
01 CITY : HOUSTON
STATE/ZIP : TX 77059
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,033.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031126782 MORTGAGORS: BAHLMANN GARETH
BAHLMANN NANCY
REGION CODE ADDRESS : 15511 OAKMONT CLUB COURT
01 CITY : HOUSTON
STATE/ZIP : TX 77059
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,802.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031126790 MORTGAGORS: BERWICK DAVID
BERWICK KATHLEEN
REGION CODE ADDRESS : 17 TURTLE CREEK MANOR
01 CITY : SUGARLAND
STATE/ZIP : TX 77479
MORTGAGE AMOUNT : 265,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,024.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,342,800.00
P & I AMT: 9,458.74
UPB AMT: 1,341,445.68
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 354
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031126865 MORTGAGORS: WILSON ALLEN
WILSON ISABEL
REGION CODE ADDRESS : 2425 DOOLITTLE AVENUE
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,846.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.32200
----------------------------------------------------------------
0 0031126873 MORTGAGORS: MITROFF ANDREA
MITROFF ROBERT
REGION CODE ADDRESS : 60 KELSEY COURT
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.88600
----------------------------------------------------------------
0 0031126881 MORTGAGORS: THOMPSON JOHN
THOMPSON ELENA
REGION CODE ADDRESS : 402 ANDREW AVENUE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,806.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.39100
----------------------------------------------------------------
0 0031126949 MORTGAGORS: LEE BENSON
LEE MARGARET
REGION CODE ADDRESS : 585 PASEO REFUGIO
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,733.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,806.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.50400
----------------------------------------------------------------
0 0031126980 MORTGAGORS: KERN ROBERT
GALEAZZI LU ANN
REGION CODE ADDRESS : 1220 DAVIDA COURT
01 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 270,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,099.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,438,300.00
P & I AMT: 10,281.05
UPB AMT: 1,437,278.94
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 355
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031127152 MORTGAGORS: HASS JEFF
HASS NANCY
REGION CODE ADDRESS : 11571 WILLOWOOD COURT
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.68800
----------------------------------------------------------------
0 0031127160 MORTGAGORS: CHRISTIANSON DAVID
REGION CODE ADDRESS : 583 FILMORE STREET
01 CITY : MONTEREY
STATE/ZIP : CA 93940
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,798.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031127194 MORTGAGORS: LANGSTON TERESITA
LANGSTON ROBERT
REGION CODE ADDRESS : 2292 MORENO DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90039
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.88100
----------------------------------------------------------------
0 0031127202 MORTGAGORS: POND K.
REGION CODE ADDRESS : 17775 OLD SUMMIT ROAD
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,638.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.72100
----------------------------------------------------------------
0 0031127244 MORTGAGORS: CHENG JADE
LE HANH
REGION CODE ADDRESS : 611 NORTH 18TH STREET
01 CITY : MONTEBELLO
STATE/ZIP : CA 90640
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,615,000.00
P & I AMT: 11,571.12
UPB AMT: 1,613,860.13
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 356
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031127277 MORTGAGORS: STRASSER PAUL
STRASSER ANNA
REGION CODE ADDRESS : 2222 JACK PLACE
01 CITY : SAN PEDRO AREA
STATE/ZIP : CA 90731
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.90800
----------------------------------------------------------------
0 0031127293 MORTGAGORS: MILLER LEONARD
MILLER CATHY
REGION CODE ADDRESS : 19414 OAKVIEW TERRACE
01 CITY : HOUSTON
STATE/ZIP : TX 77094
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,605.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.62100
----------------------------------------------------------------
0 0031127327 MORTGAGORS: BOGART J.
BOGART NANCY
REGION CODE ADDRESS : 122 2ND STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,812.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.36300
----------------------------------------------------------------
0 0031127368 MORTGAGORS: KAHN JEFFREY
GURWITCH ANNABELLE
REGION CODE ADDRESS : 3380 LEY DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 340,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,153.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,409.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031127442 MORTGAGORS: COAD DAVID
COAD FAY
REGION CODE ADDRESS : 65 PALOMA AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,687.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.85900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,487,400.00
P & I AMT: 10,420.64
UPB AMT: 1,486,101.72
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 357
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031127483 MORTGAGORS: ORLANDO MICHAEL
ORLANDO LAURIE
REGION CODE ADDRESS : 1870 BELLOMY STREET
01 CITY : SANTA CLARA
STATE/ZIP : CA 95050
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,573.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,501.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031127558 MORTGAGORS: BEEBE JOHN
BEEBE BETH
REGION CODE ADDRESS : 2335 SUNRISE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,618.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031127590 MORTGAGORS: HOOVER MICHAEL
HOOVER LINDA
REGION CODE ADDRESS : 25108 DORIA AVENUE
01 CITY : LOMITA
STATE/ZIP : CA 90717
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.27586
----------------------------------------------------------------
0 0031127830 MORTGAGORS: KRUGUER LARRY
REGION CODE ADDRESS : 648 PALERMO AVENUE
01 CITY : CORAL GABLES
STATE/ZIP : FL 33134
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,776.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,443.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031127848 MORTGAGORS: BARKER ROY
REGION CODE ADDRESS : 9 ISLAND AVENUE # 1507
01 CITY : MIAMI BEACH
STATE/ZIP : FL 33139
MORTGAGE AMOUNT : 283,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,005.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,053.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,450,000.00
P & I AMT: 10,544.26
UPB AMT: 1,448,793.15
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 358
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031127863 MORTGAGORS: RUSSUM CHARLES
RUSSUM GWEN
REGION CODE ADDRESS : 511 HIGHLAND DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,741.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 48.57100
----------------------------------------------------------------
0 0031128085 MORTGAGORS: ECKENFELDER DORA
REGION CODE ADDRESS : 1404 CASA VALLECITA
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,757.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,854.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 70.37000
----------------------------------------------------------------
0 0031128291 MORTGAGORS: MOSS LESLIE
MOSS BARBARA
REGION CODE ADDRESS : 30660 LA SONORA DRIVE
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,834.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.84200
----------------------------------------------------------------
0 0031128309 MORTGAGORS: DARRINGTON LARRAINE
REGION CODE ADDRESS : 317 SOUTH BROADWAY #B
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,807.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.92900
----------------------------------------------------------------
0 0031128317 MORTGAGORS: ROBINS LISA
REGION CODE ADDRESS : 919 GALL0WAY STREET
01 CITY : PACIFIC PALISADES AREA, L
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,740.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,571,000.00
P & I AMT: 11,216.66
UPB AMT: 1,569,880.84
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 359
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031128325 MORTGAGORS: HYDE RALPH
HYDE LORI
REGION CODE ADDRESS : 24492 RUE DE MONET
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,798.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031128341 MORTGAGORS: STEVENS PAUL
TEICH SABINE
REGION CODE ADDRESS : 2061 RIDGECREST PLACE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 331,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,365.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,375.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031128358 MORTGAGORS: RODAS THOMAS
RODAS KATHERINE
REGION CODE ADDRESS : 1190 WYNDSONG DRIVE
01 CITY : SPRING GARDEN TOWNSHIP
STATE/ZIP : PA 17403
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,755.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.52900
----------------------------------------------------------------
0 0031128374 MORTGAGORS: HUNNINGHAKE DONALD
HUNNINGHAKE SHERRIE
REGION CODE ADDRESS : 6709 CAMPHOR PLACE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 394,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,964.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,790.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.69200
----------------------------------------------------------------
0 0031128382 MORTGAGORS: DIFRAIA PAUL
DIFRAIA LAURA
REGION CODE ADDRESS : 400 ALTA VISTA COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 369,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,643.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.46011
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,704,850.00
P & I AMT: 12,103.86
UPB AMT: 1,703,884.12
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 360
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031128390 MORTGAGORS: DAVIS RENDALL
DAVIS MARION
REGION CODE ADDRESS : 6716 CAMPHOR PLACE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 355,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,183.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031128408 MORTGAGORS: LAGHAEI FARID
LAGHAEI KELLY
REGION CODE ADDRESS : 6485 BRADDOCK CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 465,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,704.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,251.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031128424 MORTGAGORS: JOHNSON TRENT
SMITH JOHNSON DIANE
REGION CODE ADDRESS : 23304 BARFIELD DRIVE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.84700
----------------------------------------------------------------
0 0031128440 MORTGAGORS: GULKO MICHAEL
GULKO KATHLEEN
REGION CODE ADDRESS : 9 REDCROWN
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,523.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031128499 MORTGAGORS: FARAH VICTOR
FARAH EVA
REGION CODE ADDRESS : 6749 TEA TREE STREET
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 266,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,411.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,909.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,729,350.00
P & I AMT: 12,169.92
UPB AMT: 1,727,585.03
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 361
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031128507 MORTGAGORS: SPANDIKOW JAMES
SPANDIKOW DEBORAH
REGION CODE ADDRESS : 1681 MISSION MEADOWS DRIVE
01 CITY : OCEANSIDE
STATE/ZIP : CA 92057
MORTGAGE AMOUNT : 230,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,707.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98300
----------------------------------------------------------------
0 0031128515 MORTGAGORS: HODGETTS CRAIG
KELLY JOANNE
REGION CODE ADDRESS : 2150 CHANDLER DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 531,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 531,127.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,764.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031128531 MORTGAGORS: RIDPATH GARY
RIDPATH SUZETTE
REGION CODE ADDRESS : 1201 GOLD FLOWER ROAD
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,806.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031128556 MORTGAGORS: WASSERMAN NEIL
WASSERMAN KATHY
REGION CODE ADDRESS : 3405 FELA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90808
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,622.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.97500
----------------------------------------------------------------
0 0031128564 MORTGAGORS: ALEXANDER LAWRENCE
ALEXANDER ELAINE
REGION CODE ADDRESS : 5475 SANDBURG AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,557,950.00
P & I AMT: 10,983.34
UPB AMT: 1,556,056.24
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 362
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031129554 MORTGAGORS: CLIFFORD JEFFREY
CLIFFORD LINDA
REGION CODE ADDRESS : 10800 EAST CACTUS ROAD UNIT 34
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 402,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 401,723.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,914.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.76000
----------------------------------------------------------------
0 0031129570 MORTGAGORS: GORMAN MARTIN
GORMAN M.
REGION CODE ADDRESS : 2196 CHESAPEAKE HARB DR EAST
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031129588 MORTGAGORS: DELUCA GARY
DELUCA BARBARA
REGION CODE ADDRESS : 4161 SHARAB CT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031129638 MORTGAGORS: BAGBY ROY
BAGBY GAIL
REGION CODE ADDRESS : 892 GLIDE FERRY WAY
01 CITY : SACRAMENTO
STATE/ZIP : CA 95831
MORTGAGE AMOUNT : 277,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,392.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031129679 MORTGAGORS: COMEY ROBERT
COMEY DARLENE
REGION CODE ADDRESS : 1524 EMMONS CANYON DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 433,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,101.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,142.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.96300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,669,200.00
P & I AMT: 12,005.08
UPB AMT: 1,667,829.32
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 363
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031129943 MORTGAGORS: SNAPE ALLEN
SNAPE JANET
REGION CODE ADDRESS : 115 GREENRIDGE DRIVE
01 CITY : RENO
STATE/ZIP : NV 89509
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 : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.60400
----------------------------------------------------------------
0 0031129976 MORTGAGORS: CHRISTIANSEN JAMES
FREIJ JENNIFER
REGION CODE ADDRESS : 2435 HUNTER DRIVE
01 CITY : CHANHASSEN
STATE/ZIP : MN 55317
MORTGAGE AMOUNT : 316,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,294.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.63700
----------------------------------------------------------------
0 0031130206 MORTGAGORS: HUGHES JAMES
HUGHES MARIAN
REGION CODE ADDRESS : 34142 STREET OF THE CRYSTAL LANTERN
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,772.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,306.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.62900
----------------------------------------------------------------
0 0031130230 MORTGAGORS: ISON CHARLES
ISON LYNDA
REGION CODE ADDRESS : 2581 SUNGALE COURT
01 CITY : LEXINGTON
STATE/ZIP : KY 40513
MORTGAGE AMOUNT : 232,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,527.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.97959
----------------------------------------------------------------
0 0031130321 MORTGAGORS: WESTBROOK CHRISTIAN
WESTBROOK KARIN
REGION CODE ADDRESS : 176 WATERMAN CIRCLE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,740.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,454,950.00
P & I AMT: 10,249.32
UPB AMT: 1,454,291.01
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 364
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031130370 MORTGAGORS: DIETIKER ERIC
DIETIKER JILL
REGION CODE ADDRESS : 137 STANLEY ROAD
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 325,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,264.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,303.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.69700
----------------------------------------------------------------
0 0031130388 MORTGAGORS: ZUBIK JOHN
ZUBIK SANDRA
REGION CODE ADDRESS : 13221 W.HIDDEN VALLEY DRIVE
01 CITY : LOCKPORT
STATE/ZIP : IL 60441
MORTGAGE AMOUNT : 272,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,854.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031130396 MORTGAGORS: WINSLOW DEAN
CROMPTON MEG
REGION CODE ADDRESS : 133 COLTON AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,815.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.45600
----------------------------------------------------------------
0 0031130453 MORTGAGORS: COLLINS BRUCE
COLLINS CYNTHIA
REGION CODE ADDRESS : 11730 ANGELIQUE STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,969.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031130479 MORTGAGORS: CHENEY JAMES
CHENEY CAROLE
REGION CODE ADDRESS : 135 KEYSTONE AVENUE
01 CITY : RIVER FOREST
STATE/ZIP : IL 60305
MORTGAGE AMOUNT : 233,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,439.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.83500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,383,550.00
P & I AMT: 9,759.79
UPB AMT: 1,382,342.78
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 365
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031130487 MORTGAGORS: DEWELL JAMES
DEWELL JEMELA
REGION CODE ADDRESS : 4726 PALM DRIVE
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 367,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,247.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,664.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 54.44400
----------------------------------------------------------------
0 0031130503 MORTGAGORS: ANKROM RONALD
ANKROM ROBIN
REGION CODE ADDRESS : 106 AVENIDA SALVADOR
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.43700
----------------------------------------------------------------
0 0031130511 MORTGAGORS: LEE JOU
LEE SUE
REGION CODE ADDRESS : 1624 NORTH ASPEN COURT
01 CITY : VISALIA
STATE/ZIP : CA 93291
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.45400
----------------------------------------------------------------
0 0031130529 MORTGAGORS: PRITCHARD JOHN
PRITCHARD LIZLOTT
REGION CODE ADDRESS : 1920 MARVIEW DR
01 CITY : CITY OF THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,255.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,388.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031130537 MORTGAGORS: WILKINS ARNOLD
WILKINS SUSAN
REGION CODE ADDRESS : 2992 COPA DE ORO DRIVE
01 CITY : LOS ALAMITOS AREA
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,777.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,616,000.00
P & I AMT: 11,455.66
UPB AMT: 1,614,831.73
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 366
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031130545 MORTGAGORS: JONG JAN
ABAOAG CARMELO
REGION CODE ADDRESS : 6335 WEST 85TH PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,311.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031130560 MORTGAGORS: FORSYTH ROBBIN
FORSYTH DEBBIE
REGION CODE ADDRESS : 2926 DORN COURT
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,788.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,225.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.39534
----------------------------------------------------------------
0 0031130586 MORTGAGORS: CARDE RING
CARDE ANJA
REGION CODE ADDRESS : 6605 HAWARDEN DRIVE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92506
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,761.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,515.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.47100
----------------------------------------------------------------
0 0031130610 MORTGAGORS: WHOLEY H V
WHOLEY DARLENE
REGION CODE ADDRESS : 4324 MERIDIAN AVENUE
01 CITY : OXNARD
STATE/ZIP : CA 93035
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,223.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,707.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.85386
----------------------------------------------------------------
0 0031130628 MORTGAGORS: BERG BARRY
BERG LINDA
REGION CODE ADDRESS : 3540 DE LA CUMBRE PLACE
01 CITY : SHERMAN OAKS AREA
STATE/ZIP : CA 91432
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,785.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.18000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,596,000.00
P & I AMT: 11,420.90
UPB AMT: 1,594,870.04
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 367
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031130636 MORTGAGORS: MARKEL ALLAN
MARKEL DIANE
REGION CODE ADDRESS : 2237 SUSSEX DRIVE
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 41.23000
----------------------------------------------------------------
0 0031130644 MORTGAGORS: LUU CAU
LUU SANDRA
REGION CODE ADDRESS : 6519 HAVENWOOD CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
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 : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.52200
----------------------------------------------------------------
0 0031130669 MORTGAGORS: LELAH JOEY
REGION CODE ADDRESS : 19 SAN MARCO COURT
01 CITY : PALM COAST
STATE/ZIP : FL 32137
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,779.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 45.71400
----------------------------------------------------------------
0 0031130685 MORTGAGORS: RAYA ROBERT
RAYA DIANA
REGION CODE ADDRESS : 15225 RIVIERA LANE
01 CITY : LA MIRADA
STATE/ZIP : CA 90638
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,827.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.75800
----------------------------------------------------------------
0 0031130701 MORTGAGORS: STOCK R
STOCK SHARI
REGION CODE ADDRESS : 28331 HARVEST VIEW LANE
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,784.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,465,000.00
P & I AMT: 10,307.48
UPB AMT: 1,463,924.71
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 368
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031130776 MORTGAGORS: WHATLEY BURL
WHATLEY BETTY
REGION CODE ADDRESS : 5019 46 AV CT E
01 CITY : TACOMA
STATE/ZIP : WA 98443
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 : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 93.75000
----------------------------------------------------------------
0 0031131444 MORTGAGORS: SATTERFIELD JAMES
SATTERFIELD LYNN
REGION CODE ADDRESS : 3131 SLATON DRIVE #30
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,647.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,321.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.07692
----------------------------------------------------------------
0 0031131451 MORTGAGORS: BARBOUR JOHN
BARBOUR SARITA
REGION CODE ADDRESS : 54 PINE ISLE COURT
01 CITY : HENDERSON
STATE/ZIP : NV 89014
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031131519 MORTGAGORS: DRAPEAU RONALD
DRAPEAU PATRICIA
REGION CODE ADDRESS : 2911 CANDIL PL
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031131733 MORTGAGORS: ROSE STEPHEN
ROSE STEPHANIE
REGION CODE ADDRESS : 2636 OAKSHORE DR
01 CITY : THOSAND OAKS
STATE/ZIP : CA 91361
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 34.94000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,695,000.00
P & I AMT: 12,055.83
UPB AMT: 1,693,784.80
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 369
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031131832 MORTGAGORS: SAMS WILLIAM
HEALY LINDA
REGION CODE ADDRESS : 1108 MONTEZUMA WAY
01 CITY : WEST COVINA
STATE/ZIP : CA 91791
MORTGAGE AMOUNT : 391,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,717.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,767.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.09000
----------------------------------------------------------------
0 0031131840 MORTGAGORS: MISIK THOMAS
REGION CODE ADDRESS : 621 MERIDIAN AVENUE
01 CITY : SOUTH PASADENA
STATE/ZIP : CA 91030
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 : 11/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031131865 MORTGAGORS: OBERHAUS LARRY
OBERHAUS JEANETTE
REGION CODE ADDRESS : 5336 EAST APPIAN WAY
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031131923 MORTGAGORS: FALK JOANNE
REGION CODE ADDRESS : 2753 NORTH BEECHWOOD AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.47000
----------------------------------------------------------------
0 0031131949 MORTGAGORS: RAY RONALD
RAY MARITZA
REGION CODE ADDRESS : 30401 VIA CHICO PLACE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,822.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.93600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,512,000.00
P & I AMT: 10,892.98
UPB AMT: 1,510,944.92
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 370
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031132061 MORTGAGORS: PINOS RICARDO
REGION CODE ADDRESS : 6711 SOUTH HALM AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90056
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031132079 MORTGAGORS: REALIZA WILFREDO
REALIZA JULIETA
REGION CODE ADDRESS : 31329 MACKINAW STREET
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,809.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,008.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.12600
----------------------------------------------------------------
0 0031132178 MORTGAGORS: SHALLIN JANICE
FINKE DAUNE
REGION CODE ADDRESS : 504-504 1/2 35 STREET
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,785.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031132368 MORTGAGORS: VAN DAM BRADLEY
VAN DAM KIMBERLIE
REGION CODE ADDRESS : 850 VALLEY OAK DRIVE
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,784.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,192.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031132657 MORTGAGORS: VEHLING DEREK
ROBINSON KAREN
REGION CODE ADDRESS : 5451 SADRING AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91367
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,487,500.00
P & I AMT: 10,677.28
UPB AMT: 1,486,454.17
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 371
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031132673 MORTGAGORS: JOHNSON ERIC
JOHNSON JANE
REGION CODE ADDRESS : 26958 SPRING CREEK ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,803.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
0 0031132806 MORTGAGORS: NOKES JAMES
NOKES KIM
REGION CODE ADDRESS : 22029 LADEENE AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,840.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031132921 MORTGAGORS: BANWELL SCOTT
BANWELL ELPIDIA
REGION CODE ADDRESS : 8 BOLERO
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,426.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,759.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.71400
----------------------------------------------------------------
0 0031132996 MORTGAGORS: SUMMERS SANDRA
REGION CODE ADDRESS : 5121 CHURCHWOOD DRIVE
01 CITY : AGOURA (AREA)
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,835.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.47600
----------------------------------------------------------------
0 0031133010 MORTGAGORS: COSTA DAVID
BAUMLI MARK
REGION CODE ADDRESS : 4021 KINGRIDGE DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,675.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,295.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,455,600.00
P & I AMT: 10,468.89
UPB AMT: 1,454,580.92
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 372
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031133028 MORTGAGORS: ULLEN ROGER
ULLEN ROBIN
REGION CODE ADDRESS : 11930 CAPISTRANO LANE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,795.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031133069 MORTGAGORS: ROSSI VICTOR
ROSSI BONNIE
REGION CODE ADDRESS : 4827 LIDO SANDS DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.51800
----------------------------------------------------------------
0 0031133168 MORTGAGORS: NGUYEN KEN
NGUYEN LINDA
REGION CODE ADDRESS : 825 N. RUTHLEDGE DRIVE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031133226 MORTGAGORS: SERNIAK GEORGE
REGION CODE ADDRESS : 23282 PALAWAN CIRCLE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.17500
----------------------------------------------------------------
0 0031133234 MORTGAGORS: RYAN TIMOTHY
REGION CODE ADDRESS : 2643 EAST WAYWARD COURT
01 CITY : BREA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,044.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,611,200.00
P & I AMT: 11,568.16
UPB AMT: 1,610,067.51
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 373
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031133424 MORTGAGORS: RODGERS MARK
RODGERS DIANE
REGION CODE ADDRESS : 4809 WINDMILL CREEK DRIVE
01 CITY : PARKER
STATE/ZIP : TX 75002
MORTGAGE AMOUNT : 192,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 192,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,392.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031133671 MORTGAGORS: ROGERS JOHN
ROGERS MIKKO
REGION CODE ADDRESS : 651 MONTEZUMA COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.76800
----------------------------------------------------------------
0 0031133796 MORTGAGORS: TURK ROBERT
REGION CODE ADDRESS : 8137 EAST DANIELS LOOP
01 CITY : PORT ORCHARD
STATE/ZIP : WA 98366
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.82300
----------------------------------------------------------------
0 0031134323 MORTGAGORS: POLICASTRO FRANK
POLICASTRO MERRY
REGION CODE ADDRESS : 5115 38TH STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,734.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031134422 MORTGAGORS: BUTCHER BRUCE
BUTCHER PATRICIA
REGION CODE ADDRESS : 1229 BONITA DRIVE
01 CITY : PARKRIDGE
STATE/ZIP : IL 60068
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,288,000.00
P & I AMT: 9,391.94
UPB AMT: 1,287,667.61
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 374
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031134471 MORTGAGORS: SLADE ALAN
SLADE JEAN
REGION CODE ADDRESS : 205 YALE DRIVE
01 CITY : LINCROFT
STATE/ZIP : NJ 07738
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,590.93 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 : 75.00000
----------------------------------------------------------------
0 0031134489 MORTGAGORS: TOUSSANT ERIC
TOUSSANT KAREN
REGION CODE ADDRESS : 5618 PIERCY AVENUE
01 CITY : LAKEWOOD
STATE/ZIP : CA 90712
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,785.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031134521 MORTGAGORS: BARBER DONALD
BARBER PHOEBE
REGION CODE ADDRESS : 22636 INSPIRATION POINT
01 CITY : CANYON LAKE
STATE/ZIP : CA 92587
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,839.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.66600
----------------------------------------------------------------
0 0031135130 MORTGAGORS: DETWEILER ROBERT
DALE ELIZABETH
REGION CODE ADDRESS : 2234 CONSUELO AVE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95050
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,069.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031135148 MORTGAGORS: WAN FONG
WAN CAROLYN
REGION CODE ADDRESS : 7005 WINSLOW ST
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,407.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,679.82 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: 1,427,400.00
P & I AMT: 10,085.26
UPB AMT: 1,425,692.97
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 375
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031135155 MORTGAGORS: NOLL RONALD
NOLL VERA
REGION CODE ADDRESS : 14 SPRING MEADOW DR
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,640.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,876.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/17
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.05100
----------------------------------------------------------------
0 0031135163 MORTGAGORS: BRINLEY THOMAS
BRINLEY CHRISTINA
REGION CODE ADDRESS : 578 LA VISTA DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 233,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,443.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031135171 MORTGAGORS: HOANG PHUONG
LE KIM-LIEN
REGION CODE ADDRESS : 2321 OAK FLAT RD
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
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 : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031135205 MORTGAGORS: STATTENFIELD KEVIN
REGION CODE ADDRESS : 181 THOMPSON SQUARE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,290.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031135213 MORTGAGORS: REARDON ANTHONY
REARDON MARY-HELEN
REGION CODE ADDRESS : 15340 MICHAEL CREST DRIVE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 359,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,652.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,609.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,468,000.00
P & I AMT: 10,681.95
UPB AMT: 1,465,837.25
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 376
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031135254 MORTGAGORS: FEIL IVAN
FEIL STEPHANIE
REGION CODE ADDRESS : 8233 EAST MOHAWK LANE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 248,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,279.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031135262 MORTGAGORS: BRYKE EDWARD
BRYKE CHRISTINE
REGION CODE ADDRESS : 13815 FAIRFIELD COURT
01 CITY : ELM GROVE
STATE/ZIP : WI 53122
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 538,849.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,868.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.23000
----------------------------------------------------------------
0 0031135304 MORTGAGORS: SCHWARTZ BARRY
SCHWARTZ MERLE
REGION CODE ADDRESS : 2 DUNHAM POND LANE
01 CITY : FALMOUTH
STATE/ZIP : ME 04105
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,180.56 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 : 69.44400
----------------------------------------------------------------
0 0031135320 MORTGAGORS: DALTON RICHARD
DALTON KATHALENE
REGION CODE ADDRESS : 16009 PROMONTORY ROAD
01 CITY : CITY OF CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 245,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,580.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.61500
----------------------------------------------------------------
0 0031135338 MORTGAGORS: POLIZZI JOSEPH
REGION CODE ADDRESS : 925 ESCONDIDO COURT
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 546,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 545,354.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,771.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.78300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,955,200.00
P & I AMT: 13,877.24
UPB AMT: 1,952,243.88
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 377
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031135346 MORTGAGORS: PAVLIN IGOR
PAVLIN JASMINA
REGION CODE ADDRESS : 1097 NORTH CLARK AVENUE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031135452 MORTGAGORS: COPELAND GREGORY
COPELAND DORIS
REGION CODE ADDRESS : 5901 E TIBER DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031135486 MORTGAGORS: COLUMB GARY
COLUMB JANET
REGION CODE ADDRESS : 5155 SEACHASE STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 298,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,182.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.39400
----------------------------------------------------------------
0 0031135494 MORTGAGORS: MCCAMMACK CRAIG
MCCAMMACK LAURA
REGION CODE ADDRESS : 738 S FOREST
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 345,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,555.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031135536 MORTGAGORS: SHAW EDWARD
SHAW CATHERINE
REGION CODE ADDRESS : 2921 SPARROW DRIVE
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 308,860.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,647.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,239.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.00281
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,516,310.00
P & I AMT: 10,780.99
UPB AMT: 1,514,987.17
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 378
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031135544 MORTGAGORS: RAINS KEVIN
RAINS SUZANNE
REGION CODE ADDRESS : 49 ERBA LANE
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 323,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,259.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,261.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.39234
----------------------------------------------------------------
0 0031135569 MORTGAGORS: MCHUGH THOMAS
MCHUGH CAROL
REGION CODE ADDRESS : 1200 HIGH HAWK ROAD
01 CITY : EAST GREENWICH
STATE/ZIP : RI 02818
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,264.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031135601 MORTGAGORS: MAKOWSKI ROBERT
MAKOWSKI PEGGY
REGION CODE ADDRESS : W301 N1851 STONEBRIDGE COURT
01 CITY : DELAFIELD
STATE/ZIP : WI 53018
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,549.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031135619 MORTGAGORS: LIMA JOSEPH
LIMA NANCY
REGION CODE ADDRESS : 2619 REGENGY COURT
01 CITY : NAPERSVILLE
STATE/ZIP : IL 60565
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,501.24 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 : 58.18100
----------------------------------------------------------------
0 0031135650 MORTGAGORS: BAGSHAW JEFFREY
BAGSHAW MELINDA
REGION CODE ADDRESS : 96 PELICAN POINT ROAD
01 CITY : WILMINGTON
STATE/ZIP : NC 28409
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,473.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 54.15700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,388,500.00
P & I AMT: 9,855.23
UPB AMT: 1,385,048.89
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 379
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031135668 MORTGAGORS: KAPLAN HUGH
KAPLAN WHITNEY
REGION CODE ADDRESS : 415 COVINGTON COVE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30202
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,395.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.38461
----------------------------------------------------------------
0 0031135692 MORTGAGORS: MARTI GEOFFREY
MARTI KAY
REGION CODE ADDRESS : 2900 WESTBROOK
01 CITY : LINCOLN
STATE/ZIP : NE 68522
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,349.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 83.33300
----------------------------------------------------------------
0 0031135718 MORTGAGORS: BAUER JOANNE
FUNK ROBERT
REGION CODE ADDRESS : 7630 TREERIDGE COURT
01 CITY : DUNWOODY
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 430,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,540.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,049.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031135726 MORTGAGORS: BOYD MARK
BOYD POLLY
REGION CODE ADDRESS : 653 MANORWOOD LANE
01 CITY : LOUISVILLE
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,391.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 70.76000
----------------------------------------------------------------
0 0031135734 MORTGAGORS: GREGORAK WILLIAM
GREGORAK CATHERINE
REGION CODE ADDRESS : 609.5 WEST GALENA AVENUE
01 CITY : TELLURIDE
STATE/ZIP : CO 81435
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,156.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.59 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: 1,478,800.00
P & I AMT: 10,658.06
UPB AMT: 1,474,833.53
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 380
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031135775 MORTGAGORS: PASQUESI JOSEPH
PASQUESI ANN
REGION CODE ADDRESS : 908 RINGWOOD ROAD
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,574.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0031135809 MORTGAGORS: MAZER JAMES
VAN GORP GAIL
REGION CODE ADDRESS : 5800 CARPENTER
01 CITY : DOWNERS GROVE
STATE/ZIP : IL 60516
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,425.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0031135817 MORTGAGORS: HAWKINS GARY
HAWKINS DEBORAH
REGION CODE ADDRESS : 4919 ONYX STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 259,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,571.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,883.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.93700
----------------------------------------------------------------
0 0031135825 MORTGAGORS: HOURIHAN JAMES
REGION CODE ADDRESS : 38 ACKERMAN RD
01 CITY : SADDLE RIVER
STATE/ZIP : NJ 07458
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,773.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 48.61100
----------------------------------------------------------------
0 0031135833 MORTGAGORS: BUONANOTTE FRANK
BUONANOTTE MICHELE
REGION CODE ADDRESS : 4165 HEATHER WAY
01 CITY : CUMMING
STATE/ZIP : GA 30131
MORTGAGE AMOUNT : 329,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,251.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,388.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,689,150.00
P & I AMT: 11,997.87
UPB AMT: 1,684,596.26
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 381
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031135874 MORTGAGORS: PHILIP DONALD
PHILIP TAMERA
REGION CODE ADDRESS : 2214 39TH AVENUE E
01 CITY : SEATTLE
STATE/ZIP : WA 98112
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,018.12 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 : 74.29700
----------------------------------------------------------------
0 0031135890 MORTGAGORS: VEXLER LAURA
VEXLER DAVID
REGION CODE ADDRESS : 1 FOXWOOD LANE
01 CITY : PEPPER PIKE
STATE/ZIP : OH 44124
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,957.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,719.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.60400
----------------------------------------------------------------
0 0031135916 MORTGAGORS: KUJAWA KURT
KUJAWA LAURIE
REGION CODE ADDRESS : S57 W23004 MARCELLE DRIVE
01 CITY : WAUKESHA
STATE/ZIP : WI 53186
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,371.32 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 : 73.38300
----------------------------------------------------------------
0 0031135957 MORTGAGORS: RECKERT ROBERT
RECKERT TUI
REGION CODE ADDRESS : 42 RIVARD RD
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,655.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/22
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.45400
----------------------------------------------------------------
0 0031135965 MORTGAGORS: NISI KURT
NISI LAURA
REGION CODE ADDRESS : 5201 BLAKE ROAD
01 CITY : EDINA
STATE/ZIP : MN 55436
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,318.36 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
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,600,500.00
P & I AMT: 11,465.46
UPB AMT: 1,588,320.77
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 382
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031136039 MORTGAGORS: SPONTAK G
SPONTAK CAROLE
REGION CODE ADDRESS : 622 WEST HANNA AVE
01 CITY : LOVELAND
STATE/ZIP : OH 45140
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,940.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.12800
----------------------------------------------------------------
0 0031136062 MORTGAGORS: MISKIT DAVID
MISKIT SHARON
REGION CODE ADDRESS : 621 WEST DILIDO DRIVE
01 CITY : MIAMI BEACH
STATE/ZIP : FL 33139
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,265.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031136088 MORTGAGORS: CYPHER RONALD
CYPHER SUSAN
REGION CODE ADDRESS : 1430 ALLYSON COURT
01 CITY : LIBERTYVILLE
STATE/ZIP : IL 60048
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,453.70 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 : 69.44400
----------------------------------------------------------------
0 0031136096 MORTGAGORS: BOTSFORD ROBERT
BOTSFORD LOU ANN
REGION CODE ADDRESS : 25 SUMMIT FARM DRIVE
01 CITY : EAST GREENWICH
STATE/ZIP : RI 02818
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,411.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.42200
----------------------------------------------------------------
0 0031136112 MORTGAGORS: PHILLIPS EUNICE
REGION CODE ADDRESS : 2507 OWENS ROAD
01 CITY : BROOKEVILLE
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 289,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,810.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.74100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,900.00
P & I AMT: 9,694.74
UPB AMT: 1,388,881.76
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 383
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031136161 MORTGAGORS: IORFIDA DIANE
IORFIDA SAMUEL
REGION CODE ADDRESS : 122 OAK RIDGE DRIVE
01 CITY : BURR RIDGE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,276.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,277.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031136179 MORTGAGORS: ARMSTRONG GREGORY
REGION CODE ADDRESS : 4505 CAVALLON WAY
01 CITY : ACWORTH
STATE/ZIP : GA 30101
MORTGAGE AMOUNT : 277,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,598.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,035.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99400
----------------------------------------------------------------
0 0031136195 MORTGAGORS: HOPWOOD GLENDON
REGION CODE ADDRESS : 808 PARK STREET S.E.
01 CITY : VIENNA
STATE/ZIP : VA 22180
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,086.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,132.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.22000
----------------------------------------------------------------
0 0031136203 MORTGAGORS: EARLE STEPHEN
EARLE SHARON
REGION CODE ADDRESS : 19624 SELBY AVENUE
01 CITY : POOLESVILLE
STATE/ZIP : MD 20837
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,805.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031136286 MORTGAGORS: LUKWINSKI HENRY
LUKWINSKI EVA
REGION CODE ADDRESS : 190 ASPENWOOD DRIVE
01 CITY : MORELAND HILLS
STATE/ZIP : OH 44022
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,243.84 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: 1,570,350.00
P & I AMT: 11,263.14
UPB AMT: 1,561,009.96
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 384
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031136294 MORTGAGORS: PATE-NELSON NANCY
NELSON THOMAS
REGION CODE ADDRESS : 1945 RIVER WAY DRIVE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35244
MORTGAGE AMOUNT : 356,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,944.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,521.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.21800
----------------------------------------------------------------
0 0031136302 MORTGAGORS: PRAKASH CHANDER
PRAKASH SUJATA
REGION CODE ADDRESS : 8666 KEMWOOD ROAD
01 CITY : CINCINNATI
STATE/ZIP : OH 45242
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,248.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,434.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.81400
----------------------------------------------------------------
0 0031136328 MORTGAGORS: SHAEVITZ GLENN
SHAEVITZ MINDI
REGION CODE ADDRESS : 5 NOTTINGHAM ROAD
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,692.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,719.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.65400
----------------------------------------------------------------
0 0031136344 MORTGAGORS: GONZALEZ RICHARD
BERKLEY CAROL
REGION CODE ADDRESS : 1675 MALLARD COVE DR.
01 CITY : PITTSFIELD TWP.
STATE/ZIP : MI 48108
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,699.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031136369 MORTGAGORS: KOTALIK EMIL
KOTALIK KAREN
REGION CODE ADDRESS : 502 W. SOLANO DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85013
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,197.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,618,750.00
P & I AMT: 11,706.68
UPB AMT: 1,613,782.61
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 385
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031136401 MORTGAGORS: DOLAN JOHN
DOLAN RHONDA
REGION CODE ADDRESS : 2383 LONGACRES DRIVE
01 CITY : CHANHASSEN
STATE/ZIP : MN 55317
MORTGAGE AMOUNT : 267,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,192.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,941.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031136435 MORTGAGORS: DIX KEVIN
REGION CODE ADDRESS : 2246 EAST STATE AVENUE
01 CITY : PHOENIX
STATE/ZIP : AZ 85020
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,051.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031136468 MORTGAGORS: MCCARTHY GERARD
MCCARTHY THERESA
REGION CODE ADDRESS : 82 LINCOLN STREET
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,344.45 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 : 61.85500
----------------------------------------------------------------
0 0031136476 MORTGAGORS: NGUYEN CONG
PHAM-NGUYEN LINH-NGUYET
REGION CODE ADDRESS : 3614 HUMMER ROAD
01 CITY : ANNADALE
STATE/ZIP : VA 22003
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,919.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.45400
----------------------------------------------------------------
0 0031136484 MORTGAGORS: PEDERSEN STEVEN
PEDERSEN ABBE
REGION CODE ADDRESS : 904 WOODLAND HEIGHTS DRIVE
01 CITY : LOUISVILLE
STATE/ZIP : KY 40245
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,098.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.32900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,389,750.00
P & I AMT: 9,962.77
UPB AMT: 1,385,606.25
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 386
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031136492 MORTGAGORS: PELICH WILLIAM
PELICH CYNTHIA
REGION CODE ADDRESS : 8445 GREEN ISLAND CIRCLE
01 CITY : LITTLETON
STATE/ZIP : CO 80124
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,995.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,718.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031136518 MORTGAGORS: HARRISON THERESA
HARRISON THOMAS
REGION CODE ADDRESS : 47 CHARLOTTE RD.
01 CITY : NEWTON
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 294,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,224.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,185.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031136633 MORTGAGORS: MALDONADO ALBERT
MALDONADO ELBA
REGION CODE ADDRESS : 17837 EAST EASTER PL.
01 CITY : FOXFIELD
STATE/ZIP : CO 80016
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,144.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.20200
----------------------------------------------------------------
0 0031136641 MORTGAGORS: REISING SCOTT
REISING TARYN
REGION CODE ADDRESS : 4450 WILLOW HILLS LANE
01 CITY : CINCINNATI
STATE/ZIP : OH 45243
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,064.82 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 : 60.00000
----------------------------------------------------------------
0 0031136666 MORTGAGORS: SANTORO FRANK
SANTORO SUSAN
REGION CODE ADDRESS : 3873 ST.ANDREWS COURT
01 CITY : MASON
STATE/ZIP : OH 45040
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,974.10 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 : 70.15400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,631,400.00
P & I AMT: 11,884.55
UPB AMT: 1,622,404.20
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 387
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031136971 MORTGAGORS: CARROLL KELLY
CARROLL JODY
REGION CODE ADDRESS : 4520 87TH AVENUE SE
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,373.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.67479
----------------------------------------------------------------
0 0031136997 MORTGAGORS: MOSKOWITZ MICHAEL
MOSKOWITZ CAROL
REGION CODE ADDRESS : 14115 FOREST RIDGE ROAD
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,335.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.92300
----------------------------------------------------------------
0 0031137003 MORTGAGORS: MCMILLAN DAVID
MCMILLAN SUSAN
REGION CODE ADDRESS : 9461 CAMBRIDGE DRIVE
01 CITY : SALINE
STATE/ZIP : MI 48176
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,989.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.14000
----------------------------------------------------------------
0 0031137029 MORTGAGORS: BEERS SUE ELLEN
TYZACK JILL
REGION CODE ADDRESS : 173-175 WINCHESTER STREET UNIT #1
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,284.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,090.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031137045 MORTGAGORS: LAUDENSLAGER WALTER
LAUDENSLAGER MARY
REGION CODE ADDRESS : 3707 BORDER CREEK COURT
01 CITY : DENVER
STATE/ZIP : NC 28037
MORTGAGE AMOUNT : 289,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,943.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,203.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,359,550.00
P & I AMT: 10,004.11
UPB AMT: 1,354,926.70
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 388
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031137052 MORTGAGORS: LEONARD JEFFREY
LEONARD LINDA
REGION CODE ADDRESS : 20930 HEATHERVIEW DRIVE
01 CITY : BROOKFIELD
STATE/ZIP : WI 53045
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,791.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.73400
----------------------------------------------------------------
0 0031137094 MORTGAGORS: LEWIS RAY
HENRY LISA
REGION CODE ADDRESS : 1202 NORTH WILLIAM
01 CITY : RIVER FOREST
STATE/ZIP : IL 60305
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,241.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031137110 MORTGAGORS: LOWERY J
LOWERY ANDREA
REGION CODE ADDRESS : 315 FALMOUTH DRIVE
01 CITY : ROCKY RIVER
STATE/ZIP : OH 44116
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,409.99 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 : 67.50000
----------------------------------------------------------------
0 0031137128 MORTGAGORS: WIER KATHERINE
REGION CODE ADDRESS : 373 BLUFF STREET
01 CITY : GLENCOE
STATE/ZIP : IL 60022
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,459.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,157.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031137151 MORTGAGORS: CHRISTOPOULOS JAMES
REGION CODE ADDRESS : 1753 W. SCHOOL STREET
01 CITY : CHICAGO
STATE/ZIP : IL 60657
MORTGAGE AMOUNT : 310,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,387.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,249.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,427,450.00
P & I AMT: 10,385.66
UPB AMT: 1,422,290.04
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 389
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031137177 MORTGAGORS: WORLEY ROGER
REGION CODE ADDRESS : 35444 N 11TH AVENUE
01 CITY : PHOENIX
STATE/ZIP : AZ 85027
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,132.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031137185 MORTGAGORS: MERSEREAU CHARLES
MERSEREAU EDITH
REGION CODE ADDRESS : 4325 DUPONT AVENUE SOUTH
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55409
MORTGAGE AMOUNT : 402,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,053.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,023.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.92100
----------------------------------------------------------------
0 0031137235 MORTGAGORS: RADABAUGH JAMES
RADABAUGH PAMELA
REGION CODE ADDRESS : 19013 ASHCROFT CIRCLE
01 CITY : MINNETONKA
STATE/ZIP : MN 55345
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,093.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.47000
----------------------------------------------------------------
0 0031137250 MORTGAGORS: ZOELLNER PATRICK
ZOELLNER LAURA
REGION CODE ADDRESS : 31 VIKING DRIVE
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80110
MORTGAGE AMOUNT : 597,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 596,305.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,073.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.35555
----------------------------------------------------------------
0 0031137284 MORTGAGORS: POOL WILLIAM
POOL JERALDINE
REGION CODE ADDRESS : 1015 LAURA STREET
01 CITY : ANDERSON
STATE/ZIP : SC 29621
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,770.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,826,100.00
P & I AMT: 13,024.01
UPB AMT: 1,818,355.07
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 390
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031137383 MORTGAGORS: FONTILLAS ROBERTO
FONTILLAS TINA
REGION CODE ADDRESS : 1133 WEST ENCLAVE CIRCLE
01 CITY : LOUISVILLE
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 255,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,786.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031137417 MORTGAGORS: BERKEY SCOTT
BERKEY PATRICIA
REGION CODE ADDRESS : 9930 INDIAN SPRINGS DRIVE
01 CITY : CINCINNATI
STATE/ZIP : OH 45241
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,153.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.43900
----------------------------------------------------------------
0 0031137425 MORTGAGORS: WACHS MICHAEL
WACHS JAYNE
REGION CODE ADDRESS : 3545 E. CALLE PUERTA DE ACERO
01 CITY : TUCSON
STATE/ZIP : AZ 85718
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,640.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 40.00000
----------------------------------------------------------------
0 0031137433 MORTGAGORS: BABER ZARINA
BABER ZAHEER
REGION CODE ADDRESS : 17570 PARTRIDGE STREET N.W.
01 CITY : ANDOVER
STATE/ZIP : MN 55304
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,204.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031137458 MORTGAGORS: HALLER DONALD
HALLER SUSAN
REGION CODE ADDRESS : 1068 LIGHTHOUSE DRIVE
01 CITY : COROLLA
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 337,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,480.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.67 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: 1,530,550.00
P & I AMT: 11,097.50
UPB AMT: 1,525,265.09
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 391
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031137466 MORTGAGORS: DOLAN NANCY
DOLAN EUGENE
REGION CODE ADDRESS : 115 TALL TREES DRIVE
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 291,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,594.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,111.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031137474 MORTGAGORS: DOUGHERTY FRANCIS
DOUGHERTY MARIANNE
REGION CODE ADDRESS : 4050 AMBERFIELD CIRCLE
01 CITY : NORCOSS
STATE/ZIP : GA 30092
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,305.01 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 : 76.92300
----------------------------------------------------------------
0 0031137482 MORTGAGORS: COLLINS CHARLES
COLLINS MARGARET
REGION CODE ADDRESS : 11916 LAKE SHORE PLACE
01 CITY : NORTH PALM BEACH
STATE/ZIP : FL 33408
MORTGAGE AMOUNT : 396,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,281.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,048.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031137516 MORTGAGORS: FRIEND JOHN
SKINNER JANET
REGION CODE ADDRESS : 34 SCHOOLHOUSE LANE
01 CITY : HOPEWELL JUNCTION
STATE/ZIP : NY 12533
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,403.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031137557 MORTGAGORS: ABBOTT MICHAEL
ABBOTT LEE
REGION CODE ADDRESS : 1751 QUEENS ROAD WEST
01 CITY : CHARLOTTE
STATE/ZIP : NC 28207
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,818.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,081.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.54800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,642,700.00
P & I AMT: 12,060.32
UPB AMT: 1,638,403.44
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 392
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031137565 MORTGAGORS: WU SHWAN
WU YING YING
REGION CODE ADDRESS : 28629 ACACIA GLEN STREET
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031137573 MORTGAGORS: RICHTER ROBERT
RICHTER SUSAN
REGION CODE ADDRESS : 815 EAST LIBERTY
01 CITY : WHEATON
STATE/ZIP : IL 60187
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,327.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,754.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.34000
----------------------------------------------------------------
0 0031137607 MORTGAGORS: WEBER RANDY
REGION CODE ADDRESS : 1848 BALSAM ROAD
01 CITY : HIGHLAND PARK
STATE/ZIP : IL 60035
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,916.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,722.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.69800
----------------------------------------------------------------
0 0031137623 MORTGAGORS: MANSOIR DAVID
DAVIDSON KATHLEEN
REGION CODE ADDRESS : 1070 BELDER DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 351,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,958.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,546.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031137631 MORTGAGORS: BENNINGHOFEN ROBERT
BENNINGHOFEN SUZANNE
REGION CODE ADDRESS : 15 DECORAH LANE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.21700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,543,200.00
P & I AMT: 11,086.57
UPB AMT: 1,540,795.45
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 393
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031137649 MORTGAGORS: POSUNIAK EDWARD
POSUNIAK KATHLEEN
REGION CODE ADDRESS : 621 KESWICK COURT
01 CITY : ROSEVILLE
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,622.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031137656 MORTGAGORS: BECKER JEFFREY
DOZIER-BECKER DEBBIE
REGION CODE ADDRESS : 9146 E VIA DEL SOL
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 392,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,987.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,876.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.28100
----------------------------------------------------------------
0 0031137664 MORTGAGORS: BEHLE PETER
KAPOS SHIA
REGION CODE ADDRESS : 2515 EAST BEACON DRIVE
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84108
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,287.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031137698 MORTGAGORS: EICHELBERGER NORMAN
EICHELBERGER RONNIE
REGION CODE ADDRESS : 11901 BLOOMINGTON WAY
01 CITY : DUBLIN
STATE/ZIP : CA 94568
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 82.08955
----------------------------------------------------------------
0 0031137714 MORTGAGORS: BERMUDEZ RICHARDO
BERMUDEZ PAMELA
REGION CODE ADDRESS : 3 LEEWARD LANE
01 CITY : SOUTH DARTMOUTH
STATE/ZIP : MA 02748
MORTGAGE AMOUNT : 287,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.06200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,449,350.00
P & I AMT: 10,308.12
UPB AMT: 1,447,198.35
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 394
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031137722 MORTGAGORS: MELUGIN MICHAEL
HANSON-MELUGIN PAMELA
REGION CODE ADDRESS : W309 N1721 GREYWOOD LANE
01 CITY : DELAFIELD
STATE/ZIP : WI 53018
MORTGAGE AMOUNT : 333,165.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,693.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,386.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.32500
----------------------------------------------------------------
0 0031137730 MORTGAGORS: MUIR J.
MUIR CAMILLA
REGION CODE ADDRESS : 6977 BLUE ORCHID LANE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031137748 MORTGAGORS: HOHRI ELLIOT
HOHRI TAUNJA
REGION CODE ADDRESS : 3 PALLAZO CIRCLE
01 CITY : (FOOTHILL RANCH AREA)
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 247,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,770.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,754.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98645
----------------------------------------------------------------
0 0031137755 MORTGAGORS: TYLER MARK
TYLER SANDRA
REGION CODE ADDRESS : 9240 AMBERWOOD DRIVE
01 CITY : KIRTLAND
STATE/ZIP : OH 44094
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,172.76 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 : 74.66600
----------------------------------------------------------------
0 0031137771 MORTGAGORS: MORGAN KATHLEEN
MORGAN ROSS
REGION CODE ADDRESS : 1491 SOUTH FOOT HILLS HIGHWAY
01 CITY : BOULDER
STATE/ZIP : CO 80303
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,191.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,413,115.00
P & I AMT: 10,094.86
UPB AMT: 1,410,596.06
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 395
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031137789 MORTGAGORS: PAGE THOMAS
PAGE MARILYN
REGION CODE ADDRESS : 8754 LUNSKI LANE
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 314,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,762.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,306.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.82500
----------------------------------------------------------------
0 0031137805 MORTGAGORS: LAWLOR JOHN
LAWLOR NANCY
REGION CODE ADDRESS : 4609 LAKEVIEW DRIVE
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55424
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,594.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031137896 MORTGAGORS: MENARD WILLIAM
MENARD NANCY
REGION CODE ADDRESS : 1010 NORTHWEST 197TH PLACE
01 CITY : SHORELINE
STATE/ZIP : WA 98177
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,975.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031137904 MORTGAGORS: ROE JANICE
ROE CHARLES
REGION CODE ADDRESS : 9127 YORKSHIRE DRIVE
01 CITY : YORK TOWNSHIP
STATE/ZIP : MI 48176
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,365.60 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 : 62.33700
----------------------------------------------------------------
0 0031137938 MORTGAGORS: POUND JERRY
POUND PRETI
REGION CODE ADDRESS : 3140 SOUTH GREYTHORNE WAY
01 CITY : CHANDLER
STATE/ZIP : AZ 85248
MORTGAGE AMOUNT : 263,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,399.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,370,050.00
P & I AMT: 10,142.02
UPB AMT: 1,366,097.84
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 396
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031138001 MORTGAGORS: THAYER TODD
THAYER SUSAN
REGION CODE ADDRESS : 255 MEADOWOOD LANE
01 CITY : VANAIS HEIGHTS
STATE/ZIP : MN 55127
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,213.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.61100
----------------------------------------------------------------
0 0031138019 MORTGAGORS: TRI WILLIAM
TRI LINDA
REGION CODE ADDRESS : 107 S. DAVIES ROAD
01 CITY : LAKE STEVENS
STATE/ZIP : WA 98258
MORTGAGE AMOUNT : 414,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,547.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,006.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.75000
----------------------------------------------------------------
0 0031138035 MORTGAGORS: BARTLETT JEFFREY
BARTLETT MARGARET
REGION CODE ADDRESS : 14502 ASCOT SQUARE COURT
01 CITY : BOYDS
STATE/ZIP : MD 20841
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,863.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,363.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.90100
----------------------------------------------------------------
0 0031138043 MORTGAGORS: KARP SYDNEY
KARP MELINDA
REGION CODE ADDRESS : UNIT #7 14 CAPTAIN HANDLEY ROAD
01 CITY : ACTON
STATE/ZIP : MA 01720
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,030.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0031138050 MORTGAGORS: BUTLER RONALD
BUTLER BRENDA
REGION CODE ADDRESS : 4869 S. RIDGESIDE CIRCLE
01 CITY : ANN ARBOR
STATE/ZIP : MI 48105
MORTGAGE AMOUNT : 237,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,556.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,560,900.00
P & I AMT: 11,416.83
UPB AMT: 1,556,211.01
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 397
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031138068 MORTGAGORS: MC KINNON MICHAEL
MC KINNON ROWENA
REGION CODE ADDRESS : 13601 ISHNALA
01 CITY : ORLAND PARK
STATE/ZIP : IL 60462
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,356.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031138076 MORTGAGORS: SEPUCHA ROBERT
SEPUCHA MARY
REGION CODE ADDRESS : 126 PUFFER COURT
01 CITY : DUCK
STATE/ZIP : NC 27949
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,355.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031138092 MORTGAGORS: ANDERS MARK
RIDNOUR MICHELLE
REGION CODE ADDRESS : 3080 ELECTRA DRIVE
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80906
MORTGAGE AMOUNT : 348,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,405.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,650.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031138100 MORTGAGORS: DIMITRIOU DONALD
DIMITRIOU JOYCE
REGION CODE ADDRESS : 227 MAPLE CREEK LANE
01 CITY : DAVIDSONSVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 379,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,367.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,914.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 78.14400
----------------------------------------------------------------
0 0031138118 MORTGAGORS: MOFFITT ERIC
MOFFITT MARTHA
REGION CODE ADDRESS : 9840 SOUTH ELIZA COURT
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 240,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,532.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.91800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,491,950.00
P & I AMT: 11,052.16
UPB AMT: 1,484,017.22
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 398
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031138126 MORTGAGORS: ALBRIGHT THOMAS
ALBRIGHT SUSIE
REGION CODE ADDRESS : 3805 W. OCEAN DRIVE
01 CITY : EMERALD ISLE
STATE/ZIP : NC 28594
MORTGAGE AMOUNT : 326,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,980.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,451.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031138142 MORTGAGORS: ALBITZ ROBERT
ALBITZ LORIE
REGION CODE ADDRESS : 294 CAYUGA ROAD
01 CITY : ORION
STATE/ZIP : MI 48362
MORTGAGE AMOUNT : 316,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,991.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,295.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.89400
----------------------------------------------------------------
0 0031138159 MORTGAGORS: COCKRELL BRIAN
SHEEHAN KAREN
REGION CODE ADDRESS : 29 BRADLEY DRIVE
01 CITY : HUDSON
STATE/ZIP : OH 44236
MORTGAGE AMOUNT : 257,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,708.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,979.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.96400
----------------------------------------------------------------
0 0031138167 MORTGAGORS: FERME JAMES
FERME ALFONSA
REGION CODE ADDRESS : 2 RENWICK AVENUE
01 CITY : HUNTINGTON
STATE/ZIP : NY 11743
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,925.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031138175 MORTGAGORS: VASEY DANIEL
VASEY KAREN
REGION CODE ADDRESS : 650 REDSTONE DRIVE
01 CITY : BROOMFIELD
STATE/ZIP : CO 80020
MORTGAGE AMOUNT : 259,652.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,893.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.04100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,443,552.00
P & I AMT: 10,644.93
UPB AMT: 1,439,499.52
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 399
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031138217 MORTGAGORS: BLAIR LAURA
BERTANI ALBERT
REGION CODE ADDRESS : 1450 BERKLEY COURT
01 CITY : DEERFIELD
STATE/ZIP : IL 60015
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,237.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,564.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.89500
----------------------------------------------------------------
0 0031138233 MORTGAGORS: ETHREDGE DAVID
JACOBSON DEBBY
REGION CODE ADDRESS : 635 MT. LOGAN DRIVE SW
01 CITY : ISSAQUAH
STATE/ZIP : WA 98027
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,511.63 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 : 79.12400
----------------------------------------------------------------
0 0031138266 MORTGAGORS: HINSCH ROBERT
REGION CODE ADDRESS : 449 SETTLE ROAD
01 CITY : SUWANEE
STATE/ZIP : GA 30174
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,152.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031138290 MORTGAGORS: SAUNDERS RON
SAUNDERS KIMBERLY
REGION CODE ADDRESS : 32556 WOODSIDE DRIVE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 558,443.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,060.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.68400
----------------------------------------------------------------
0 0031138571 MORTGAGORS: MATHISON ROBERT
MATHISON JOANNE
REGION CODE ADDRESS : 6801 35TH AVENUE NW
01 CITY : SEATTLE
STATE/ZIP : WA 98117
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,808.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,660,000.00
P & I AMT: 11,959.56
UPB AMT: 1,656,153.60
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 400
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031138647 MORTGAGORS: TAYLOR DAVID
DUNLAP LINDA
REGION CODE ADDRESS : 22700 MIDPINE COURT
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,684.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,971.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.89100
----------------------------------------------------------------
0 0031138662 MORTGAGORS: MARINKOVICH ANTON
MARINKOVICH DEBRA
REGION CODE ADDRESS : 1785 NORTH KIMBARK LANE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,755.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,485.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 53.38400
----------------------------------------------------------------
0 0031138670 MORTGAGORS: TEAGUE NANCY
TEAGUE SAMUEL
REGION CODE ADDRESS : 223 GREENBERRY COURT
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,813.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031138704 MORTGAGORS: WARREN ROBERT
FLYNN CLAUDIA
REGION CODE ADDRESS : 5 STONEY CREEK WAY
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,166.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031138712 MORTGAGORS: JEFFERY GERALD
JEFFERY MONICA
REGION CODE ADDRESS : 1251 SOUTH GERTRUDA AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,819.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.61500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,573,000.00
P & I AMT: 11,244.33
UPB AMT: 1,564,238.92
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 401
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031138720 MORTGAGORS: SHIPWAY ROBERT
SHIPWAY HILARY
REGION CODE ADDRESS : 3127 SANDALWOOD COURT
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031138811 MORTGAGORS: SIM WILLIAM
SIM JUNG
REGION CODE ADDRESS : 4725 LINCOLNSHIRE AVENUE
01 CITY : BUENA PARK
STATE/ZIP : CA 90621
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,720.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,837.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031138837 MORTGAGORS: MCINTYRE KATHLEEN
MCINTYRE MARCUS
REGION CODE ADDRESS : 14 SPRING GROVE AVENUE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,712.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,266.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031138852 MORTGAGORS: ZUKERMAN RIVKA
REGION CODE ADDRESS : 2976 CORTE HERMOSA
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 391,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,937.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,870.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031138878 MORTGAGORS: HASEYAMA KEVIN
SAKAI LAURA
REGION CODE ADDRESS : 127 WILLIAMS LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 336,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,568.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,442.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,804,000.00
P & I AMT: 13,135.90
UPB AMT: 1,802,769.02
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 402
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031139090 MORTGAGORS: ENNOR JOHN
ENNOR MARIA
REGION CODE ADDRESS : 200 BRISTOL COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031139785 MORTGAGORS: ACHEE BRENTON
ACHEE PATRICIA
REGION CODE ADDRESS : 1231 TULLAMORE CIRCLE
01 CITY : CHESTER SPRINGS
STATE/ZIP : PA 19425
MORTGAGE AMOUNT : 352,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,225.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,404.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.57300
----------------------------------------------------------------
0 0031139819 MORTGAGORS: MARSH KAREN
REGION CODE ADDRESS : 310 COLON AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 268,275.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,065.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.97100
----------------------------------------------------------------
0 0031139876 MORTGAGORS: PROVINCE ROBERT
CALVERT PAMELA
REGION CODE ADDRESS : 27834 RON RIDGE DRIVE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 286,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,057.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,100.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99200
----------------------------------------------------------------
0 0031139918 MORTGAGORS: NELSON BRENT
REGION CODE ADDRESS : 2179 W 1500 SOUTH
01 CITY : SYRACUSE
STATE/ZIP : UT 84075
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,547,025.00
P & I AMT: 10,925.20
UPB AMT: 1,545,897.82
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 403
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031139967 MORTGAGORS: STONE WILLIAM
STONE SHARON
REGION CODE ADDRESS : 3941 SOUTH BELLAIRE STREET
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80110
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,663.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.27200
----------------------------------------------------------------
0 0031139983 MORTGAGORS: STARRETT DALE
STARRETT BARBARA
REGION CODE ADDRESS : 5 LOST VALLEY DRIVE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 284,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,388.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031140023 MORTGAGORS: PARKS RANDALL
PARKS DEBRA
REGION CODE ADDRESS : 2227 MEADOW DRIVE
01 CITY : CARROLLTON
STATE/ZIP : TX 75007
MORTGAGE AMOUNT : 296,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,295.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 82.36100
----------------------------------------------------------------
0 0031140031 MORTGAGORS: BLACK MICHAEL
BLACK NANCY
REGION CODE ADDRESS : 4609 HACKBERRY LANE
01 CITY : PARKER
STATE/ZIP : TX 75002
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,774.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031140056 MORTGAGORS: SHANLEY KIM
SHANLEY DEBRA
REGION CODE ADDRESS : 41739 CHILTERN DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,261.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,548,600.00
P & I AMT: 10,990.71
UPB AMT: 1,547,384.32
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 404
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031140098 MORTGAGORS: CONNELLEY JAMES
CONNELLEY JOYCE
REGION CODE ADDRESS : 970 PLAZA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 326,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,025.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,365.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031140114 MORTGAGORS: LUNA ALFREDO
LUNA LUISA
REGION CODE ADDRESS : 3530 SOUTH C STREET
01 CITY : OXNARD
STATE/ZIP : CA 93033
MORTGAGE AMOUNT : 123,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 122,915.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 891.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 82.00000
----------------------------------------------------------------
0 0031140122 MORTGAGORS: MULLEN W.
MULLEN RICHARD
REGION CODE ADDRESS : 5925 HANNA AVENUE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,844.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,408.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031140171 MORTGAGORS: STONE STEVEN
STONE FRANCES
REGION CODE ADDRESS : 1011 ZINFANDEL COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0031140403 MORTGAGORS: YOO CHOONG-SHIK
YOO MYUNG-JOO
REGION CODE ADDRESS : 1211 STONEY CREEK DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.61111
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,250.00
P & I AMT: 10,083.86
UPB AMT: 1,417,232.16
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 405
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031140478 MORTGAGORS: MCNEIL THOMAS
MCNEIL REBECCA
REGION CODE ADDRESS : 2555 BARBARA DRIVE
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,807.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031141120 MORTGAGORS: NIJJAR JIT
NIJJAR BALWANT
REGION CODE ADDRESS : 4820 CREEKWOOD DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,841.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031141138 MORTGAGORS: WILLIAMS GREGORY
WILLIAMS JANE
REGION CODE ADDRESS : 66 JEWEL ST
01 CITY : SOUTH HAMPTON
STATE/ZIP : NH 03827
MORTGAGE AMOUNT : 377,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,483.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,706.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.57200
----------------------------------------------------------------
0 0031141146 MORTGAGORS: LILLY MICHAEL
LILLY BRENDA
REGION CODE ADDRESS : 13360 MAGNOLIA BLVD
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031141252 MORTGAGORS: BUTTERFIELD FRED
BUTTERFIELD KATHY
REGION CODE ADDRESS : 6976 NE NEPTUNE DRIVE
01 CITY : LINCOLN CITY
STATE/ZIP : OR 97367
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.62686
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,409,150.00
P & I AMT: 10,204.59
UPB AMT: 1,408,177.31
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 406
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031141294 MORTGAGORS: GARRETT WILLIAM
GARRETT STACEY
REGION CODE ADDRESS : 3700 CALIFORNIA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90807
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.71400
----------------------------------------------------------------
0 0031141302 MORTGAGORS: ASTEMAND FREYDOWN
REGION CODE ADDRESS : 6802 MEGAN
01 CITY : GREENBELT
STATE/ZIP : MD 20770
MORTGAGE AMOUNT : 192,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 192,370.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,412.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.89344
----------------------------------------------------------------
0 0031141351 MORTGAGORS: ROSE DAVID
ROSE SANDI
REGION CODE ADDRESS : 2448 JACARANDA DRIVE
01 CITY : OXNARD
STATE/ZIP : CA 93030
MORTGAGE AMOUNT : 230,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,033.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.95800
----------------------------------------------------------------
0 0031141419 MORTGAGORS: BREGMAN JONATHAN
BRONAT DAVID
REGION CODE ADDRESS : 501 PHILLIPS ROAD
01 CITY : PALM SPRINGS
STATE/ZIP : CA 92262
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031141559 MORTGAGORS: FAIRLEY RALPH
FAIRLEY DAWN
REGION CODE ADDRESS : 4312 ELLEN WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,340.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,148,200.00
P & I AMT: 8,280.03
UPB AMT: 1,147,400.19
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 407
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031141583 MORTGAGORS: FRANKEL DANIEL
REGION CODE ADDRESS : 5528 WILD OLIVE STREET
01 CITY : LAS VEGAS
STATE/ZIP : NV 89118
MORTGAGE AMOUNT : 287,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,931.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,983.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.90000
----------------------------------------------------------------
0 0031142094 MORTGAGORS: AUSTIN TIMOTHY
AUSTIN CHERYL
REGION CODE ADDRESS : 187 BALDWIN ROAD
01 CITY : OJAI
STATE/ZIP : CA 93023
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.09500
----------------------------------------------------------------
0 0031142243 MORTGAGORS: WALTERS MATTHEW
VAUGHAN MICHELLE
REGION CODE ADDRESS : 4111 EDITH COURT
01 CITY : DALLAS
STATE/ZIP : TX 75220
MORTGAGE AMOUNT : 453,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,171.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,209.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031142284 MORTGAGORS: SHARGEL MARC
GREENWOOD CHRISTINE
REGION CODE ADDRESS : 190 ORCHARD ROAD
01 CITY : FELTON
STATE/ZIP : CA 95018
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,760.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.94923
----------------------------------------------------------------
0 0031142292 MORTGAGORS: HAMILTON CHARLES
HAMILTON KATHERINE
REGION CODE ADDRESS : 2063 COX ROAD
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 271,960.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,758.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,587,110.00
P & I AMT: 11,084.78
UPB AMT: 1,585,929.19
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 408
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031142383 MORTGAGORS: WAKAM BONAVENTURE
WAKAM IRENE
REGION CODE ADDRESS : 7404 NIXON COURT
01 CITY : VENTURA
STATE/ZIP : CA 93003
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,769.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,174.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 83.82000
----------------------------------------------------------------
0 0031142656 MORTGAGORS: STEVENS JIM
MYERS LINDA
REGION CODE ADDRESS : 107 VINE HILL
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
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 : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031142664 MORTGAGORS: TEICHMAN MICHAEL
TEICHMAN JANELLE
REGION CODE ADDRESS : 2419 MERLOT DRIVE
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 288,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,306.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,116.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.85200
----------------------------------------------------------------
0 0031142706 MORTGAGORS: PAPST SEAN
REGION CODE ADDRESS : 21571 DAKAR LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,831.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 76.33130
----------------------------------------------------------------
0 0031142714 MORTGAGORS: MARKMAN KAY
REGION CODE ADDRESS : 12601 LOST CANYON TRAIL
01 CITY : PARKER
STATE/ZIP : CO 80138
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,658.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,340.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,641,500.00
P & I AMT: 11,756.22
UPB AMT: 1,640,339.40
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 409
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031142722 MORTGAGORS: KRZYSZTOFIK TOMASZ
KRZYSZTOFIK JULITA
REGION CODE ADDRESS : 718 NAVY STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
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 : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031142730 MORTGAGORS: SHPALL MARK
SHPALL TAMMY
REGION CODE ADDRESS : 5561 ADELINA COURT
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,795.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 83.66100
----------------------------------------------------------------
0 0031142797 MORTGAGORS: HENDERSON JAMES
HENDERSON YVONNE
REGION CODE ADDRESS : 1709 NORTH ALTADENA DRIVE
01 CITY : ALTADENA AREA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 230,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,691.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,673.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031142813 MORTGAGORS: TANG DAVID
TOBIN ANA
REGION CODE ADDRESS : 5720 PICASSO DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,036.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031142821 MORTGAGORS: CHAMBERS NATHAN
CHAMBERS CAROL
REGION CODE ADDRESS : 4971 SOUTH EMPORIA STREET
01 CITY : GREENWOOD VILLAGE
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,029.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,272,650.00
P & I AMT: 9,138.73
UPB AMT: 1,271,953.41
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 410
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031143340 MORTGAGORS: BAILEY CHARLES
BAILEY JEANETTE
REGION CODE ADDRESS : 3951 194 TRAIL
01 CITY : MIAMI BEACH
STATE/ZIP : FL 33160
MORTGAGE AMOUNT : 468,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,184.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,521.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 87.63100
----------------------------------------------------------------
0 0031144033 MORTGAGORS: DEL BIAGGIO NICHOLAS
DEL BIAGGIO DEANNA
REGION CODE ADDRESS : 467 KNOLLCREST AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 236,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,478.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,674.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031144165 MORTGAGORS: HENTON PETER
HENTON JOYCE
REGION CODE ADDRESS : 11623 HARTSOOK ST.
01 CITY : VALLEY VILLAGE
STATE/ZIP : CA 91601
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,810.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.53400
----------------------------------------------------------------
0 0031144231 MORTGAGORS: WONG BENJAMIN
WONG ANGELA
REGION CODE ADDRESS : 120 LINDA VISTA WAY
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,772.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031144389 MORTGAGORS: MEISSNER LINDA
REGION CODE ADDRESS : 3611 KINGSTON STREET
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 233,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,530.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.90000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,534,050.00
P & I AMT: 11,135.16
UPB AMT: 1,531,777.12
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 411
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031144579 MORTGAGORS: SNELLINGS MICHAEL
SNELLINGS KELLY
REGION CODE ADDRESS : 36209 CANYON HEIGHTS COURT
01 CITY : YUCAIPA
STATE/ZIP : CA 92399
MORTGAGE AMOUNT : 248,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,174.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,779.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031144611 MORTGAGORS: VELAZQUEZ FRANK
WEINHARDT JULIE
REGION CODE ADDRESS : 1210 RUCKER AVENUE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 286,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,647.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.99200
----------------------------------------------------------------
0 0031144629 MORTGAGORS: LEE MENG
HSIEH CHAI YU
REGION CODE ADDRESS : 41885 MISSION CREEK DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,804.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.13948
----------------------------------------------------------------
0 0031144744 MORTGAGORS: FRAGER JOHN
FRAGER KRISTEN
REGION CODE ADDRESS : 206 BRECKENWOOD WAY
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 333,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,564.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031144819 MORTGAGORS: SASS ALLAN
SASS EVELYN
REGION CODE ADDRESS : 538 WEST STEVENS ROAD
01 CITY : PALM SPRINGS
STATE/ZIP : CA 92262
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.82353
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,653,000.00
P & I AMT: 11,866.89
UPB AMT: 1,651,838.32
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 412
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031145063 MORTGAGORS: MILEWSKI ALEKSANDR
REGION CODE ADDRESS : 9145 GLEN ARBOR ROAD
01 CITY : BEN LOMOND
STATE/ZIP : CA 95005
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 : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.96415
----------------------------------------------------------------
0 0031145337 MORTGAGORS: CHI CHRISTINA
REGION CODE ADDRESS : 2555 15TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,190.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031145691 MORTGAGORS: GILBERT GREGORY
GILBERT PEGGY
REGION CODE ADDRESS : 910 JENNY WAY
01 CITY : FELTON
STATE/ZIP : CA 95018
MORTGAGE AMOUNT : 249,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,164.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.92100
----------------------------------------------------------------
0 0031145832 MORTGAGORS: CULLEN TIMOTHY
CULLEN ELAINE
REGION CODE ADDRESS : 19024 E. DONINGTON STREET
01 CITY : GLENDORA AREA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,821.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.47058
----------------------------------------------------------------
0 0031146293 MORTGAGORS: PEDRAZZI-GOTTLIEB MARCI
GOTTLIEB ANDREW
REGION CODE ADDRESS : 1730 MCDANIEL AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95126
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,195.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,356,750.00
P & I AMT: 9,640.53
UPB AMT: 1,356,008.01
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 413
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031146301 MORTGAGORS: YOW JOSE
YOW PEI PEI
REGION CODE ADDRESS : 11840 UPLAND WAY
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,632.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,725.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.77777
----------------------------------------------------------------
0 0031146327 MORTGAGORS: COFFIN JOHN
SCHEMBRI SUZANNE
REGION CODE ADDRESS : 702 ENDSLEIGH COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.12640
----------------------------------------------------------------
0 0031146376 MORTGAGORS: TROUTTE RICHARD
TROUTTE SANDRA
REGION CODE ADDRESS : 52 VIA ALICIA
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93111
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031146384 MORTGAGORS: BORNSTEIN SCOTT
BORNSTEIN SHANI
REGION CODE ADDRESS : 22751 SWEET MEADOW
01 CITY : MISSION VIEJO
STATE/ZIP : CA 91306
MORTGAGE AMOUNT : 288,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,201.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.94871
----------------------------------------------------------------
0 0031146467 MORTGAGORS: DEHOVITZ ROSS
DEHOVITZ ANN
REGION CODE ADDRESS : 155 HEATHER LANE
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
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 : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 44.84400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,768,100.00
P & I AMT: 12,680.57
UPB AMT: 1,767,125.25
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 414
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031146475 MORTGAGORS: NOTO ROBERT
NOTO HOLLY
REGION CODE ADDRESS : 111 WYCOMBE AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,757.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.90690
----------------------------------------------------------------
0 0031146533 MORTGAGORS: GUIMARAIS RUI
GUIMARAIS ABIGAIL
REGION CODE ADDRESS : 22245 NINFA COURT
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
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 : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 73.53840
----------------------------------------------------------------
0 0031146707 MORTGAGORS: SUNG HARVARD
KELLY-SUNG MARGARET
REGION CODE ADDRESS : 6086 RUNNING SPRINGS ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 383,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,722.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,710.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.60000
----------------------------------------------------------------
0 0031146715 MORTGAGORS: LIEBERMAN MICHAEL
LIEBERMAN HELEN
REGION CODE ADDRESS : 206 EMERSON STREET
01 CITY : PALO ALTO
STATE/ZIP : CA 94301
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.40000
----------------------------------------------------------------
0 0031146772 MORTGAGORS: POLLOCK ROBERT
POLLOCK LINDA
REGION CODE ADDRESS : 2561 TURQUOISE CIRCLE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,847.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.96139
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,517,000.00
P & I AMT: 10,971.22
UPB AMT: 1,515,948.58
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 415
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031146780 MORTGAGORS: HUYNH BICH
HUYNH TRANG
REGION CODE ADDRESS : 3257 CAPRIANA CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 242,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,133.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.32835
----------------------------------------------------------------
0 0031146798 MORTGAGORS: ROLLINS PAUL
ROLLINS JEWEL
REGION CODE ADDRESS : 435 SOUTH SIERRA AVENUE # 320
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,298.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
0 0031146913 MORTGAGORS: MAHRAMNIA SAEED
MAHRAMNIA LINDA
REGION CODE ADDRESS : 23986 BROADHORN DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031146970 MORTGAGORS: DUNN TIMOTHY
DUNN DONNA
REGION CODE ADDRESS : 112 COLONIAL DRIVE
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,912.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031148810 MORTGAGORS: MENG JIQUN
YANG XIAOQIONG
REGION CODE ADDRESS : 7 LONG DRIVE
01 CITY : WESTBOROUGH
STATE/ZIP : MA 01581
MORTGAGE AMOUNT : 271,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,043.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,426,050.00
P & I AMT: 10,222.57
UPB AMT: 1,424,170.41
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 416
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031148851 MORTGAGORS: TARR CHRISTOPHER
TARR SUSAN
REGION CODE ADDRESS : 230 BROOKS BEND
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 645,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 644,471.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,291.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 49.61500
----------------------------------------------------------------
0 0031148893 MORTGAGORS: COURTNEY DOUGLAS
COURTNEY CHARLOTTE
REGION CODE ADDRESS : 8204 MCCLURE ROAD
01 CITY : UPPER MARLBORO
STATE/ZIP : MD 20772
MORTGAGE AMOUNT : 346,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,478.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.71700
----------------------------------------------------------------
0 0031149545 MORTGAGORS: SNIDER KURT
BENNETT RORY
REGION CODE ADDRESS : 5028 JARVIS AVENUE
01 CITY : LA CANADA-FLINTRIDGE
STATE/ZIP : CA 91011
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 : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.20700
----------------------------------------------------------------
0 0031149560 MORTGAGORS: OASAN ANN
DRESSER LANCE
REGION CODE ADDRESS : 5290 EAST LAKESHORE DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 287,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,402.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,085.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031149743 MORTGAGORS: VAKKUR MARK
WANG SUSAN
REGION CODE ADDRESS : 1751 VICKERS CIRCLE
01 CITY : DECATUR
STATE/ZIP : GA 30030
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 : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,918,600.00
P & I AMT: 13,440.33
UPB AMT: 1,917,591.06
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 417
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031151285 MORTGAGORS: DOWNS WALTER
DOWNS LYNN
REGION CODE ADDRESS : 14302 ROYAL FOREST LANE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,196.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031151509 MORTGAGORS: FORMATO BRIAN
FORMATO BRITA
REGION CODE ADDRESS : 7804 DAYBREAK COURT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22306
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,047.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031151525 MORTGAGORS: CASSIDY PHILIP
CASSIDY JUDITH
REGION CODE ADDRESS : 1516 FRIENDS LANE
01 CITY : MAPLE GLEN
STATE/ZIP : PA 19002
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.96800
----------------------------------------------------------------
0 0031151616 MORTGAGORS: BOGHOSIAN BRYAN
BOGHOSIAN MARY LISA
REGION CODE ADDRESS : 1220 WENTWORTH AVE
01 CITY : PASADENA
STATE/ZIP : CA 91106
MORTGAGE AMOUNT : 629,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 628,821.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,346.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031151855 MORTGAGORS: BALTER LAWRENCE
REGION CODE ADDRESS : 1062 GOLDENEYE VIEW
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 353,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,408.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.56400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,804,700.00
P & I AMT: 12,504.85
UPB AMT: 1,802,872.48
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 418
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031151863 MORTGAGORS: GATTONI TODD
GATTONI JULIA
REGION CODE ADDRESS : 2814 LINCOLN AVENUE
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031151947 MORTGAGORS: JOHNDROW DANIEL
JOHNDROW CAROL
REGION CODE ADDRESS : 9 SPINNAKER PLACE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 341,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,009.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,444.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031151988 MORTGAGORS: D'ARIA LETITIA
UNGER CRAIG
REGION CODE ADDRESS : 22958 SE 43RD PLACE
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,771.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.77770
----------------------------------------------------------------
0 0031152044 MORTGAGORS: DIRECTO CAESAR
DIRECTO JACQUALINE
REGION CODE ADDRESS : 6 MARYLAND
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 230,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,610.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031152085 MORTGAGORS: AHEJA RAJAN
AHEJA ALKA
REGION CODE ADDRESS : 10820 ASHBY AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,394,750.00
P & I AMT: 9,937.69
UPB AMT: 1,394,280.67
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 419
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031153927 MORTGAGORS: BLAKE HUEY
BLAKE CORLISS
REGION CODE ADDRESS : 5279 WOODBRIDGE AVENUE
01 CITY : LIBERTY TOWNSHIP
STATE/ZIP : OH 43065
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,628.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,915.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031153976 MORTGAGORS: GOVINDASWAMI BALAJI
REGION CODE ADDRESS : 3421 EAST OCEAN BOULEVARD
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,751.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,434.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031156003 MORTGAGORS: EDWARDS DONNA
JANCO PAUL
REGION CODE ADDRESS : 14033 SOUTH 9TH PLACE
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 283,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,009.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031157043 MORTGAGORS: WINGAD KEITH
WINGAD MARY
REGION CODE ADDRESS : 1155 DAVE CREEK PKWY
01 CITY : FAIRFIELD
STATE/ZIP : AK 72088
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 : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031158355 MORTGAGORS: LILLARD MILES
LILLARD CHERYL
REGION CODE ADDRESS : 50 CROCUS COURT
01 CITY : DURANGO
STATE/ZIP : CO 81301
MORTGAGE AMOUNT : 278,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.65700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,726,700.00
P & I AMT: 12,387.06
UPB AMT: 1,726,079.40
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 420
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031159155 MORTGAGORS: DINOPOULOS BRUCE
DINOPOULOS MEGAN
REGION CODE ADDRESS : 12964 PINE PLACE
01 CITY : LUSBY
STATE/ZIP : MD 20657
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,324.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.75800
----------------------------------------------------------------
0 0031160336 MORTGAGORS: OUELLETTE ROBERT
OUELLETTE MARY
REGION CODE ADDRESS : 3 ESSEX PLACE
01 CITY : CHELMSFORD
STATE/ZIP : MA 02156
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,316.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031160948 MORTGAGORS: MC COSH ALAN
MC COSH CAROLYN
REGION CODE ADDRESS : 11697 HOLLY VIEW DRIVE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,826.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031161193 MORTGAGORS: ROWLAND MICHAEL
ROWLAND LINDA
REGION CODE ADDRESS : 108 HARINGEY DRIVE
01 CITY : RALEIGH
STATE/ZIP : NC 27615
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 : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.93100
----------------------------------------------------------------
0 0031161201 MORTGAGORS: SACHSE HANS
CHERRINGTON DOLORES
REGION CODE ADDRESS : 1 SHORT HILLS LANE
01 CITY : SCOTCH PLAINS
STATE/ZIP : NJ 07076
MORTGAGE AMOUNT : 289,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,560.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,278,750.00
P & I AMT: 9,278.78
UPB AMT: 1,277,870.53
<PAGE>
1
....GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 12/01/97
P.O. BOX 5260 TMS AG0004971230 00 01 03
PAGE: 421
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031162324 MORTGAGORS: METZ RUSSELL
METZ VIRGINIA
REGION CODE ADDRESS : 1707 SUNSET AVE SOUTHWEST
01 CITY : SEATTLE
STATE/ZIP : WA 98116
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,795.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,316.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 49.92000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 1
LOAN AMT: 312,000.00
P & I AMT: 2,316.59
UPB AMT: 311,795.91
0 TOTAL NUM OF LOANS: 2101
LOAN AMT: 645,965,708.82
P & I AMT: 4,626,811.13
UPB AMT: 644,999,714.37
<PAGE>
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
__________________, ______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1997-12
Pursuant to the Pooling and Servicing Agreement dated
as of December 1, 1997 (the "Agreement") between GE Capital
Mortgage Services, Inc. (the "Company"), and State Street Bank
and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
A. Mortgage Loan Information:
(1) Aggregate Scheduled Monthly
Payments:
(a) Principal $________
(b) Interest $________
(c) Total $________
(2) Aggregate Monthly Payments
received and Monthly Advances
made this Month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(3) Aggregate Principal Prepayments in part received
and applied in the applicable Prepayment Period:
(a) Principal $________
(b) Interest $________
(c) Total $________
<PAGE>
(4) Aggregate Principal Prepayments
in full received in
the applicable Prepayment
Period:
(a) Principal $________
(b) Interest $________
(c) Total $________
(5) Aggregate Insurance Proceeds
(including purchases of
Mortgage Loans by primary
mortgage insurers) for
prior month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(6) Aggregate Liquidation
Proceeds for prior month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(7) Aggregate Purchase Prices for
Defaulted and Modified
Mortgage Loans:
(a) Principal $________
(b) Interest $________
(c) Total $________
(8) Aggregate Purchase Prices
(and substitution adjustments)
for Defective Mortgage Loans:
(a) Principal $________
(b) Interest $________
(c) Total $________
(9) Pool Scheduled Principal
Balance: $________
(10) Available Funds: $________
(11) Realized Losses for
prior month: $________
<PAGE>
(12) Aggregate Realized
Losses and Debt
Service Reductions:
(a) Deficient Valuations $________
(b) Special Hazard
Losses $________
(c) Fraud Losses $________
(d) Excess Bankruptcy
Losses $________
(e) Excess Special
Hazard Losses $________
(f) Excess Fraud
Losses $________
(g) Debt Service
Reductions $________
(13) Compensating Interest Payment: $________
(14) Accrued Certificate Interest,
Unpaid Class Interest Shortfalls
and Pay-out Rate:
Class A1 $__________ $__________ ____%
Class A2 $__________ $__________ ____%
Class A3 $__________ $__________ ____%
Class A4 $__________ $__________ ____%
Class A5 $__________ $__________ ____%
Class A6 $__________ $__________ ____%
Class M $__________ $__________ ____%
Class B1 $__________ $__________ ____%
Class B2 $__________ $__________ ____%
Class B3 $__________ $__________ ____%
Class B4 $__________ $__________ ____%
Class B5 $__________ $__________ ____%
Class R $__________ $__________ ____%
Class S $__________ $__________ ____%
(15) Principal distributable:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
<PAGE>
Class R $__________
(16) Additional distributions to
the Class R Certificate
pursuant to Section 4.01(b): $_____________
(17) Certificate Interest Rate of:
Class S Certificates _____________%
(18) Distributions Allocable to
Unanticipated Recoveries:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
B. Other Amounts:
1. Senior Percentage for such
Distribution Date: _____________%
2. Senior Prepayment Percentage
for such Distribution Date: _____________%
3. Junior Percentage
for such Distribution Date: _____________%
4. Junior Prepayment Percentage
for such Distribution Date: _____________%
5. Class A6 Percentage: _____________%
6. Class A6 Prepayment
Distribution Percentage: _____________%
<PAGE>
7. Subordinate Certificate
Writedown Amount for
such Distribution Date: $_____________
8. Prepayment Distribution
Triggers satisfied: Yes No
Class B1
Class B2
Class B3
Class B4
Class B5
Capitalized terms used in this Certificate shall have the same
meanings as in the Agreement.
<PAGE>
EXHIBIT E
FORM OF TRANSFER CERTIFICATE AS TO ERISA MATTERS FOR
DEFINITIVE ERISA-RESTRICTED CERTIFICATES
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
Boston, Massachusetts 02110
[NAME OF OFFICER] ______________________ hereby certifies
that:
1. That he [she] is [title of officer] _________________ of
[name of Investor] _______________________________________ (the
"Investor"), a ________________________ [description of type of
entity] duly organized and existing under the laws of the [State
of ____________] [United States], on behalf of which he [she]
makes this affidavit.
2. The Investor (i) is not, and on ________________ [insert
date of transfer of Certificate to Investor] will not be, and on
such date will not be investing the funds of, an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Code or (ii) is an insurance company investing assets of its
general account and the exemptions provided by Section III(a) of
Department of Labor Prohibited Transaction Class Exemption 95-60,
60 Fed. Reg. 35925 (July 12, 1995) (the "Exemptions") apply to
the Investor's acquisition and holding or any ERISA-Restricted
Certificate.
3. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement (the "Agreement") between
State Street Bank and Trust Company, as Trustee and GE Capital
Mortgage Services, Inc., dated as of December 1, 1997, no
transfer of any ERISA-Restricted Certificate shall be permitted
to be made to any person unless the Trustee has received (i) a
certificate from such transferee to the effect that (x) such
transferee is not an employee benefit plan subject to ERISA or a
plan subject to Section 4975 of the Code (a "Plan") and is not
using the assets of any such employee benefit or other plan to
acquire any such Certificate or (y) such transferee is an
insurance company investing assets of its general account and the
Exemptions apply to such transferee's acquisition and holding of
any such Certificate or (ii) an opinion of counsel satisfactory
to the Trustee to the effect that the purchase and holding of any
such Certificate will not constitute or result in the assets of
the Trust Fund created by the Agreement being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 of the Code and will not subject the
<PAGE>
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement (provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of any such Certificate by a Plan or a
Person that is purchasing or holding any such Certificate with
the assets of a Plan will not constitute or result in a
prohibited transaction under ERISA or Section 4975 of the Code).
[4. The ERISA-Restricted Certificates shall be registered
in the name of ______________________________________________ as
nominee for the Investor.]
IN WITNESS WHEREOF, the Investor has caused this instrument
to be executed on its behalf, pursuant to authority of its Board
of Directors, by its [title of officer] __________________ and
its corporate seal to be hereunder attached, attested by its
[Assistant] Secretary, this ____ day of _________, 199_.
_____________________________
[name of Investor]
By:__________________________
Name:
Title:
The undersigned hereby acknowledges that it is holding and
will hold the ERISA-Restricted Certificates at the exclusive
direction of and as nominee of the Investor named above.
_____________________________
[name of nominee]
By:__________________________
Name:
Title:
<PAGE>
EXHIBIT F
FORM OF RESIDUAL CERTIFICATE TRANSFEREE AFFIDAVIT
STATE OF )
) ss.:
COUNTY OF )
[NAME OF OFFICER], _________________ being first duly
sworn, deposes and says:
1. That he [she] is [title of officer] ___________
_____________ of [name of Purchaser] ________________________
_________________ (the "Purchaser"), a _______________________
[description of type of entity] duly organized and existing under
the laws of the [State of __________] [United States], on behalf
of which he [she] makes this affidavit.
2. That the Purchaser's Taxpayer Identification
Number is [ ].
3. That the Purchaser is not a "disqualified
organization" within the meaning of Section 860E(e)(5) of the
Internal Revenue Code of 1986, as amended (the "Code") and will
not be a "disqualified organization" as of [date of transfer],
and that the Purchaser is not acquiring a Residual Certificate
(as defined below) for the account of, or as agent (including a
broker, nominee, or other middleman) for, any person or entity
from which it has not received an affidavit substantially in the
form of this affidavit. For these purposes, a "disqualified
organization" means the United States, any state or political
subdivision thereof, any foreign government, any international
organization, any agency or instrumentality of any of the
foregoing (other than an instrumentality if all of its activities
are subject to tax and a majority of its board of directors is
not selected by such governmental entity), any cooperative
organization furnishing electric energy or providing telephone
service to persons in rural areas as described in Code Section
1381(a)(2)(C), or any organization (other than a farmers'
cooperative described in Code Section 521) that is exempt from
federal income tax unless such organization is subject to the tax
on unrelated business income imposed by Code Section 511. As used
herein, "Residual Certificate" means any Certificate designated
as a "Class R Certificate" of GE Capital Mortgage Services,
Inc.'s REMIC Multi-Class Pass-Through Certificates, Series
1997-12.
4. That the Purchaser is not, and on __________
[insert date of transfer of Residual Certificate to Purchaser]
will not be, and is not and on such date will not be investing
<PAGE>
the assets of, an employee benefit plan subject to the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"), or
a plan subject to Code Section 4975 or a person or entity that is
using the assets of any employee benefit plan or other plan to
acquire a Residual Certificate.
5. That the Purchaser hereby acknowledges that under
the terms of the Pooling and Servicing Agreement (the
"Agreement") between State Street Bank and Trust Company, as
Trustee, and GE Capital Mortgage Services, Inc., dated as of
December 1, 1997, no transfer of the Residual Certificates shall
be permitted to be made to any person unless the Trustee has
received a certificate from such transferee to the effect that
such transferee is not an employee benefit plan subject to ERISA
or a plan subject to Section 4975 of the Code and is not using
the assets of any employee benefit plan or other plan to acquire
Residual Certificates.
6. That the Purchaser does not hold REMIC residual
securities as nominee to facilitate the clearance and settlement
of such securities through electronic book-entry changes in
accounts of participating organizations (such entity, a "Book-
Entry Nominee").
7. That the Purchaser does not have the intention to
impede the assessment or collection of any federal, state or
local taxes legally required to be paid with respect to such
Residual Certificate.
8. That the Purchaser will not transfer a Residual
Certificate to any person or entity (i) as to which the Purchaser
has actual knowledge that the requirements set forth in paragraph
3, paragraph 6 or paragraph 10 hereof are not satisfied or that
the Purchaser has reason to believe does not satisfy the
requirements set forth in paragraph 7 hereof, and (ii) without
obtaining from the prospective Purchaser an affidavit
substantially in this form and providing to the Trustee a written
statement substantially in the form of Exhibit G to the
Agreement.
9. That the Purchaser understands that, as the holder
of a Residual Certificate, the Purchaser may incur tax
liabilities in excess of any cash flows generated by the interest
and that it intends to pay taxes associated with holding such
Residual Certificate as they become due.
10. That the Purchaser (i) is not a Non-U.S. Person or
(ii) is a Non-U.S. Person that holds a Residual Certificate in
connection with the conduct of a trade or business within the
United States and has furnished the transferor and the Trustee
with an effective Internal Revenue Service Form 4224 or successor
form at the time and in the manner required by the Code or (iii)
<PAGE>
is a Non-U.S. Person that has delivered to both the transferor
and the Trustee an opinion of a nationally recognized tax counsel
to the effect that the transfer of such Residual Certificate to
it is in accordance with the requirements of the Code and the
regulations promulgated thereunder and that such transfer of a
Residual Certificate will not be disregarded for federal income
tax purposes. "Non-U.S. Person" means an individual, corporation,
partnership or other person other than a citizen or resident of
the United States, a corporation, partnership or other entity
created or organized in or under the laws of the United States or
any political subdivision thereof, or an estate or trust that is
subject to U.S. federal income tax regardless of the source of
its income.
11. That the Purchaser agrees to such amendments of
the Pooling and Servicing Agreement as may be required to further
effectuate the restrictions on transfer of any Residual
Certificate to such a "disqualified organization," an agent
thereof, a Book-Entry Nominee, or a person that does not satisfy
the requirements of paragraph 7 and paragraph 10 hereof.
12. That the Purchaser consents to the designation of
the Company as its agent to act as "tax matters person" of the
Trust Fund, as applicable, pursuant to the Pooling and Servicing
Agreement.
<PAGE>
IN WITNESS WHEREOF, the Purchaser has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] this _____ day
of __________, 19__.
_____________________________
[name of Purchaser]
By:__________________________
Name:
Title:
Personally appeared before me the above-named [name of
officer] ________________, known or proved to me to be the same
person who executed the foregoing instrument and to be the [title
of officer] _________________ of the Purchaser, and acknowledged
to me that he [she] executed the same as his [her] free act and
deed and the free act and deed of the Purchaser.
Subscribed and sworn before me this _____ day of
__________, 19__.
NOTARY PUBLIC
______________________________
COUNTY OF_____________________
STATE OF______________________
My commission expires the _____ day of __________, 19__.
<PAGE>
EXHIBIT G
[LETTER FROM TRANSFEROR OF RESIDUAL CERTIFICATE]
____________________
Date
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
8th Floor
Boston, Massachusetts 02110
Re: GE Capital Mortgage Services, Inc.
REMIC Multi-Class Pass-Through
Certificates, Series 1997-12
_____________________________
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 1997-12
_____________________________
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 December 1, 1997 (the "Agreement"),
no transfer of a Restricted Certificate may be made unless such
transfer is exempt from the registration requirements of the
Securities Act of 1933, as amended (the "Securities Act"), and
any applicable state securities laws, or is made in accordance
with the Securities Act and such laws.
3. The Investor understands that (a) the Restricted
Certificates have not been and will not be registered or
qualified under the Securities Act, or the securities laws of any
state, (b) neither the Company nor the Trustee is required, and
neither intends, to so register or qualify the Restricted
Certificates, (c) the Restricted Certificates cannot be resold
unless (i) they are registered and qualified under the Securities
Act and the applicable state securities laws or (ii) such sale is
exempt from the requirements of the Securities Act, (d) the
Agreement contains restrictions regarding the transfer of the
Restricted Certificates and (e) the Restricted Certificates will
bear a legend to the foregoing effect.
<PAGE>
4. The Investor is acquiring the Restricted Certificates
for its own account for investment only and not with a view to or
for sale or other transfer in connection with any distribution of
the Restricted Certificates in any manner that would violate the
Securities Act or any applicable state securities laws.
5. The investor (a) is a substantial, sophisticated
institutional investor having such knowledge and experience in
financial and business matters, and in particular in such matters
related to securities similar to the Restricted Certificates,
such that it is capable of evaluating the merits and risks of
investment in the Restricted Certificates, (b) is able to bear
the economic risks of such an investment and (c) is an
"accredited investor" within the meaning of Rule 501(a)(1), (2),
(3) or (7) promulgated pursuant to the Securities Act.
6. The Investor will not authorize nor has it authorized
any person to (a) offer, pledge, sell, dispose of or otherwise
transfer any Restricted Certificate, any interest in any
Restricted Certificate or any other similar security to any
person in any manner, (b) solicit any offer to buy or to accept a
pledge, disposition or other transfer of any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security from any person in any manner, (c)
otherwise approach or negotiate with respect to any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security with any person in any manner, (d) make
any general solicitation by means of general advertising or in
any other manner, or (e) take any other action that would
constitute a distribution of any Restricted Certificate under the
Securities Act, that would render the disposition of any
Restricted Certificate a violation of Section 5 of the Securities
Act or any state securities law, or that could require
registration or qualification pursuant thereto. Neither the
Investor nor anyone acting on its behalf has offered the
Restricted Certificates for sale or made any general solicitation
by means of general advertising or in any other manner with
respect to the Restricted Certificates. The Investor will not
sell or otherwise transfer any of the Restricted Certificates,
except in compliance with the provisions of the Agreement.
7. If an Investor in a Restricted Certificate sells or
otherwise transfers any such Certificate to a transferee other
than a "qualified institutional buyer" under Rule 144A of the
Securities Act, such Investor will obtain (a) from any subsequent
purchaser the same certifications, representations, warranties
and covenants contained in the foregoing paragraphs and in this
paragraph or (b) an opinion of counsel in form and substance
satisfactory to the Trustee pursuant to the Agreement.
8. The Investor hereby indemnifies the Trustee and the
Company against any liability that may result if the Investor's
<PAGE>
transfer of a Restricted Certificate (or any portion thereof) is
not exempt from the registration requirements of the Securities
Act and any applicable state securities laws or is not made in
accordance with such federal and state laws. Such indemnification
of the Trustee and the Company shall survive the termination of
the Agreement.
[9. The Restricted Certificates shall be registered in the
name of _____________________________ as nominee for the
Investor.]
IN WITNESS WHEREOF, the Investor has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] _____________
this _____ day of __________, 19__.
_________________________________
[name of Investor]
By:______________________________
Name:
Title:
The undersigned hereby acknowledges that it is holding and
will hold the Restricted Certificates at the exclusive direction
of and as nominee of the Investor named above.
_____________________________
[name of nominee]
By:__________________________
Name:
Title:
<PAGE>
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
________________, ______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1997-12
Pursuant to the Pooling and Servicing Agreement dated
as of December 1, 1997 (the "Agreement") between GE Capital
Mortgage Services, Inc. (the "Company"), and State Street Bank
and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
The amounts below are for a Single Certificate of
$1,000:
(1) Amount of distribution
allocable to principal:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
(2) Aggregate principal prepayments
included in distribution:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
<PAGE>
Class A6 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
(3) Amount of distribution
allocable to interest;
Pay-out Rate:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A4 $__________ ____%
Class A5 $__________ ____%
Class A6 $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
Class S $__________ ____%
(4) Amount of distribution
allocable to
Unanticipated Recoveries:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A4 $__________ ____%
Class A5 $__________ ____%
Class A6 $__________ ____%
Class PO $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
(5) Servicing Compensation: $__________
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<PAGE>
The amounts below are for the aggregate of all
Certificates:
(6) Pool Scheduled Principal
Balance; number of
Mortgage Loans: $__________ __________
(7) Class Certificate Principal
Balance (or Notional Principal
Balance) of each Class;
Certificate Principal Balance
(or Notional Principal Balance)
of Single Certificate of each
Class:
Single
Certificate
Class Balance Balance
----- ------- -------
Class A1 $__________ $__________
Class A2 $__________ $__________
Class A3 $__________ $__________
Class A4 $__________ $__________
Class A5 $__________ $__________
Class A6 $__________ $__________
Class PO $__________ $__________
Class M $__________ $__________
Class B1 $__________ $__________
Class B2 $__________ $__________
Class B3 $__________ $__________
Class B4 $__________ $__________
Class B5 $__________ $__________
Class R $__________ $__________
Class S $__________ $__________
(8) Book value of real estate acquired on behalf of
Certificate- holders; number of related
Mortgage Loans:
$__________ __________
(9) Aggregate Scheduled Principal
Balance and number of
delinquent Mortgage Loans:
30-59 days delinquent $__________ __________
60-89 days delinquent $__________ __________
90 or more days delinquent $__________ __________
In foreclosure $__________ __________
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<PAGE>
(10) Aggregate Scheduled
Principal Balance and
number of replaced
Mortgage Loans: $__________ __________
(11) Aggregate Scheduled
Principal Balance and
number of modified
Mortgage Loans: $__________ __________
(12) Certificate Interest Rate of:
Class S Certificates __________%
(13) Senior Percentage for such
Distribution Date: __________%
(14) Senior Prepayment Percentage
for such Distribution Date: __________%
(15) Class A6 Percentage
for such Distribution Date: __________%
(16) Class A6 Prepayment Distribution
Percentage for such Distribution
Date: __________%
(17) Junior Percentage for
such Distribution Date: __________%
(18) Junior Prepayment Percentage
for such Distribution Date: __________%
Capitalized terms used in this Statement shall have the same
meanings as in the Agreement.
4
<PAGE>
EXHIBIT K
FORM OF SPECIAL SERVICING
AND COLLATERAL FUND AGREEMENT
This SPECIAL SERVICING AND COLLATERAL FUND AGREEMENT (the
"Agreement") is made and entered into as of ____________________,
199_, between GE Capital Mortgage Services, Inc. (the "Company")
and _____________________________ (the "Purchaser").
PRELIMINARY STATEMENT
___________________________ or an affiliate thereof is the
holder of the entire interest in REMIC Multi-Class Pass-Through
Certificates, Series 199_-__, Class B_ (the "Class B_
Certificates"). The Class B_ Certificates were issued pursuant to
a Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of ________ 1, 199_ between the Company (in
its capacity as servicer thereunder, the "Servicer") and State
Street Bank and Trust Company as Trustee.
____________________________ or an affiliate thereof
intends to resell all of the Class B_ Certificates directly to
the Purchaser on or promptly after the date hereof.
In connection with such sale, the parties hereto have
agreed that the Company, as Servicer, will engage in certain
special servicing procedures relating to foreclosures for the
benefit of the Purchaser, and that the Purchaser will deposit
funds in a collateral fund to cover any losses attributable to
such procedures as well as all advances and costs in connection
therewith, as set forth herein.
[The parties hereto have further agreed that the Purchaser
will have no rights, and the Company will have no obligations
under this Agreement until the Class Certificate Principal
Balance of the REMIC Multi-Class Pass-Through Certificates,
Series 199_-__, Class B5 (the "Class B5 Certificates") has been
reduced to zero, and any Special Servicing and Collateral Fund
Agreement in respect of such Class between the Company and the
Purchaser has been terminated.]
In consideration of the mutual agreements herein contained,
the receipt and sufficiency of which are hereby acknowledged, the
Company and the Purchaser agree that the following provisions
shall become effective and shall be binding on and enforceable by
the Company and the Purchaser upon the acquisition by the
Purchaser of the Class B_ Certificates.
<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
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<PAGE>
either case (x) any notice of default, notice of intent to
foreclose or sell or any other action prerequisite to the actions
specified in (i) or (ii) above and, upon the consent of the
Purchaser which will be deemed given unless expressly withheld
within two Business Days of notification, (y) the acceptance of a
deed-in-lieu of foreclosure (whether in connection with a sale of
the related property or otherwise) or (z) initiation and
completion of a short pay-off.
Current Appraisal: With respect to any Mortgage Loan as to
which the Purchaser has made an Election to Delay Foreclosure, an
appraisal of the related Mortgaged Property obtained by the
Purchaser as nearly contemporaneously as practicable to the time
of the Purchaser's election, prepared based on the Company's
customary requirements for such appraisals.
Election to Delay Foreclosure: Any election by the
Purchaser to delay the Commencement of Foreclosure, made in
accordance with Section 2.02(b).
Election to Foreclose: Any election by the Purchaser to
proceed with the Commencement of Foreclosure, made in accordance
with Section 2.03(a).
Required Collateral Fund Balance: As of any date of
determination, an amount equal to the aggregate of all amounts
previously required to be deposited in the Collateral Fund
pursuant to Section 2.02(d) (after adjustments for all
withdrawals and deposits prior to such date pursuant to Section
2.02(e)) and Section 2.03(b) (after adjustment for all
withdrawals and deposits prior to such date pursuant to Section
2.03(c)) and Section 3.02, reduced by all withdrawals therefrom
prior to such date pursuant to Section 2.02(g) and Section
2.03(d).
Section 1.02. Definitions Incorporated by Reference. All
capitalized terms not otherwise defined in this Agreement shall
have the meanings assigned in the Pooling and Servicing
Agreement.
3
<PAGE>
ARTICLE II
SPECIAL SERVICING PROCEDURES
Section 2.01. Reports and Notices.
(a) In connection with the performance of its duties under
the Pooling and Servicing Agreement relating to the realization
upon defaulted Mortgage Loans, the Company as Servicer shall
provide to the Purchaser the following notices and reports:
(i) Within five Business Days after each Distribution
Date (or included in or with the monthly statements to
Certificateholders pursuant to the Pooling and Servicing
Agreement), the Company, as Servicer, shall provide to the
Purchaser a report, using the same methodology and
calculations in its standard servicing reports, indicating
for the Trust Fund the number of Mortgage Loans that are
(A) thirty days, (B) sixty days, (C) ninety days or more
delinquent or (D) in foreclosure, and indicating for each
such Mortgage Loan the loan number and outstanding
principal balance.
(ii) Prior to the Commencement of Foreclosure in
connection with any Mortgage Loan, the Company shall
provide the Purchaser with a notice (sent by facsimile
transmission) of such proposed and imminent foreclosure,
stating the loan number and the aggregate amount owing
under the Mortgage Loan. Such notice may be provided to the
Purchaser in the form of a copy of a referral letter from
the Company to an attorney requesting the institution of
foreclosure or a copy of a request to foreclose received by
the Company from the related primary servicer which has
been approved by the Company.
(b) If requested by the Purchaser, the Company shall make
its servicing personnel available (during their normal business
hours) to respond to reasonable inquiries, in writing by
facsimile transmission, by the Purchaser in connection with any
Mortgage Loan identified in a report under subsection (a)(i) or
(a)(ii) which has been given to the Purchaser, provided, that (1)
the Company shall only be required to provide information that is
readily accessible to its servicing personnel and is non-
confidential and (2) the Company shall respond within five
Business Days orally or in writing by facsimile transmission.
(c) In addition to the foregoing, the Company shall provide
to the Purchaser such information as the Purchaser may reasonably
request concerning each Mortgage Loan that is at least sixty days
delinquent and each Mortgage Loan which has become real estate
4
<PAGE>
owned, through the final liquidation thereof, provided, that the
Company shall only be required to provide information that is
readily accessible to its servicing personnel and is non-
confidential.
Section 2.02. Purchaser's Election to Delay Foreclosure
Proceedings.
(a) The Purchaser shall be deemed to direct the Company
that in the event that the Company does not receive written
notice of the Purchaser's election pursuant to subsection (b)
below within 24 hours (exclusive of any intervening non-Business
Days) of transmission of the notice provided by the Company under
Section 2.01(a)(ii) subject to extension as set forth in Section
2.02(b), the Company may proceed with the Commencement of
Foreclosure in respect of such Mortgage Loan in accordance with
its normal foreclosure policies without further notice to the
Purchaser. Any foreclosure that has been initiated may be
discontinued (i) without notice to the Purchaser if the Mortgage
Loan has been brought current or if a refinancing or prepayment
occurs with respect to the Mortgage Loan (including by means of a
short payoff approved by the Company) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement with the borrower. In such latter case the Company may
complete such forbearance agreement unless instructed otherwise
by the Purchaser within two Business Days of notification.
(b) In connection with any Mortgage Loan with respect to
which a notice under Section 2.01(a)(ii) has been given to the
Purchaser, the Purchaser may elect to instruct the Company to
delay the Commencement of Foreclosure until such time as the
Purchaser determines that the Company may proceed with the
Commencement of Foreclosure. Such election must be evidenced by
written notice received within 24 hours (exclusive of any
intervening non-Business Days) of transmission of the notice
provided by the Company under Section 2.01(a)(ii). The Purchaser
shall send a copy of such notice of election to each Rating
Agency as soon as practicable thereafter. Such 24-hour period
shall be extended for no longer than an additional four Business
Days after the receipt of the information if the Purchaser
requests additional information related to such foreclosure
within such 24-hour period; provided, however, that the Purchaser
will have at least one Business Day to make such election
following its receipt of any requested additional information.
Any such additional information shall (i) not be confidential in
nature and (ii) be obtainable by the Company from existing
reports, certificates or statements or otherwise be readily
accessible to its servicing personnel. The Purchaser agrees that
it has no right to deal with the mortgagor. However, if the
Company's normal foreclosure policies include acceptance of a
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<PAGE>
deed-in-lieu of foreclosure or short payoff, the Purchaser will
be notified and given two Business Days to respond.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the
Purchaser shall obtain a Current Appraisal as soon as
practicable, and shall provide the Company with a copy of such
Current Appraisal.
(d) Within two Business Days of making any Election to
Delay Foreclosure, the Purchaser shall remit by wire transfer to
the Trustee, for deposit in the Collateral Fund, an amount, as
calculated by the Company, equal to the sum of (i) 125% of the
greater of the Scheduled Principal Balance of the Mortgage Loan
and the value shown in the Current Appraisal referred to in
subsection (c) above (or, if such Current Appraisal has not yet
been obtained, the Company's estimate thereof, in which case the
required deposit under this subsection shall be adjusted upon
obtaining such Current Appraisal), and (ii) three months'
interest on the Mortgage Loan at the applicable Mortgage Rate. If
any Election to Delay Foreclosure extends for a period in excess
of three months (such excess period being referred to herein as
the "Excess Period"), the Purchaser shall remit by wire transfer
in advance to the Trustee for deposit in the Collateral Fund the
amount of each additional month's interest, as calculated by the
Company, equal to interest on the Mortgage Loan as the applicable
Mortgage Rate for the Excess Period. The terms of this Agreement
will no longer apply to the servicing of any Mortgage Loan upon
the failure of the Purchaser to deposit the above amounts
relating to the Mortgage Loan within two Business Days of (i) the
Election to Delay Foreclosure or (ii) the beginning of the
related Excess Period, as the case may be.
(e) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
or the Trustee may withdraw from the Collateral Fund from time to
time amounts necessary to reimburse the Company for all related
Monthly Advances and Liquidation Expenses thereafter made by the
Company as Servicer in accordance with the Pooling and Servicing
Agreement. To the extent that the amount of any such Liquidation
Expense is determined by the Company based on estimated costs,
and the actual costs are subsequently determined to be higher,
the Company or the Trustee may withdraw the additional amount
from the Collateral Fund to reimburse the Company. In the event
that the Mortgage Loan is brought current by the mortgagor, the
amounts so withdrawn from the Collateral Fund shall be
redeposited therein as and to the extent that reimbursement
therefor from amounts paid by the mortgagor is not prohibited
pursuant to the Pooling and Servicing Agreement as of the date
hereof. Except as provided in the preceding sentence, amounts
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<PAGE>
withdrawn from the Collateral Fund to cover Monthly Advances and
Liquidation Expenses shall not be redeposited therein or
otherwise reimbursed to the Purchaser. If and when any such
Mortgage Loan is brought current by the mortgagor, all amounts
remaining in the Collateral Fund in respect of such Mortgage Loan
(after adjustment for all previous withdrawals and deposits
pursuant to this subsection and after reimbursement to the
Servicer for all related Monthly Advances) shall be released to
the Purchaser.
(f) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
shall continue to service the Mortgage Loan in accordance with
its customary procedures (other than the delay in Commencement of
Foreclosure as provided herein). If and when, following such
election, the Purchaser shall notify the Company that it believes
that it is appropriate to do so, the Company shall proceed with
the Commencement of Foreclosure; provided that, in any event, if
the Mortgage Loan is not brought current by the mortgagor by the
time the loan becomes 6 months delinquent, the Purchaser's
election shall no longer be effective, unless the Purchaser shall
have purchased the related Mortgage Loan promptly following (and
in any event not later than the third Business Day after) the end
of such 6-month period in the manner provided in the following
two sentences, and the Company shall be entitled to proceed with
the Commencement of Foreclosure. Any purchase of such Mortgage
Loan by the Purchaser pursuant to the preceding sentence shall be
at a purchase price equal to the unpaid principal balance of the
Mortgage Loan plus accrued interest at the Mortgage Rate from the
date last paid by the mortgagor. Such purchase price shall be
deposited by the Purchaser into the Collateral Fund in
immediately available funds on the Business Day which is the date
of purchase and the Purchaser shall instruct the Trustee (with
notice to the Company) to withdraw such amount therefrom on such
Business Day and remit the same to the Trust Fund for application
as Liquidation Proceeds pursuant to the Pooling and Servicing
Agreement. Following such withdrawal, all amounts remaining in
the Collateral Fund in respect of such Mortgage Loan (after
adjustment for all previous withdrawals and deposits pursuant to
this Agreement and after reimbursement to the Servicer for all
related Monthly Advances) shall be released to the Purchaser.
(g) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Delay Foreclosure and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (f)
above, the Company shall calculate the amount, if any, by which
the value shown on the Current Appraisal obtained under
subsection (c) exceeds the actual sales price obtained for the
related Mortgaged Property (net of Liquidation Expenses and
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<PAGE>
unreimbursed Monthly Advances related to the extended foreclosure
period), and the Company or the Trustee shall withdraw the amount
of such excess from the Collateral Fund and shall remit the same
to the Trust Fund for application as additional Liquidation
Proceeds pursuant to the Pooling and Servicing Agreement. After
making such withdrawal, all amounts remaining in the Collateral
Fund in respect of such Mortgage Loan (after adjustment for all
withdrawals and deposits pursuant to subsection (e) and after
reimbursement to the Servicer for all related Monthly Advances)
shall be released to the Purchaser.
Section 2.03. Purchaser's Election to Commence Foreclosure
Proceedings.
(a) In connection with any Mortgage Loan identified in a
report under Section 2.01(a)(i)(B), the Purchaser may elect to
instruct the Company to proceed with the Commencement of
Foreclosure as soon as practicable. Such election must be
evidenced by written notice received by the Company by 5:00 p.m.,
New York City time, on the third Business Day following the
delivery of such report under Section 2.01(a)(i).
(b) Within two Business Days of making any Election to
Foreclose, the Purchaser shall remit to the Trustee, for deposit
in the Collateral Fund, an amount, as calculated by the Company,
equal to 125% of the current Scheduled Principal Balance of the
Mortgage Loan and three months' interest on the Mortgage Loan at
the applicable Mortgage Rate. If and when any such Mortgage Loan
is brought current by the mortgagor, all amounts in the
Collateral Fund in respect of such Mortgage Loan (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) below) shall be released to the Purchaser. The
terms of this Agreement will no longer apply to the servicing of
any Mortgage Loan upon the failure of the Purchaser to deposit
the above amounts relating to the Mortgage Loan within two
Business Days of the Election to Foreclose.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Foreclose, the Company shall
continue to service the Mortgage Loan in accordance with its
customary procedures. In connection therewith, the Company shall
have the same rights to make withdrawals for Monthly Advances and
Liquidation Expenses from the Collateral Fund as are provided
under Section 2.02(e), and the Company shall make reimbursements
thereto to the limited extent provided under such subsection. The
Company shall not be required to proceed with the Commencement of
Foreclosure if (i) the same is stayed as a result of the
mortgagor's bankruptcy or is otherwise barred by applicable law,
or to the extent that all legal conditions precedent thereto have
not yet been complied with, or (ii) the
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Company believes there is a breach of representations or
warranties by the Company, which may result in a repurchase or
substitution of such Mortgage Loan, or (iii) the Company has or
expects to have the right under the Pooling and Servicing
Agreement to purchase the defaulted Mortgage Loan and intends to
exercise such right or (iv) the Company reasonably believes the
Mortgaged Property may be contaminated with or affected by
hazardous wastes or hazardous substances (and the Company
supplies the Purchaser with information supporting such belief)
or (v) the same is prohibited by or is otherwise inconsistent
with the provisions of the Pooling and Servicing Agreement. Any
foreclosure that has been initiated may be discontinued (i)
without notice to the Purchaser if the Mortgage Loan has been
brought current or if a refinancing or prepayment occurs with
respect to the Mortgage Loan (including by means of a short
payoff approved by the Purchaser) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement unless instructed otherwise by the Purchaser within two
Business Days of notification.
(d) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Foreclose and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (c)
above, the Company shall calculate the amount, if any, by which
the Scheduled Principal Balance of the Mortgage Loan at the time
of liquidation (plus all unreimbursed Monthly Advances and
Liquidation Expenses in connection therewith other than those
previously paid from the Collateral Fund) exceeds the actual
sales price obtained for the related Mortgaged Property, and the
Company or the Trustee shall withdraw the amount of such excess
from the Collateral Fund and shall remit the same to the Trust
Fund for application as additional Liquidation Proceeds pursuant
to the Pooling and Servicing Agreement. After making such
withdrawal, all amounts remaining in the Collateral Fund (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) above and after reimbursement to the Servicer for
all related Monthly Advances) in respect of such Mortgage Loan
shall be released to the Purchaser.
Section 2.04. Termination.
(a) With respect to all Mortgage Loans included in the
Trust Fund, the Purchaser's right to make any Election to Delay
Foreclosure or any Election to Foreclose and the Company's
obligations under Section 2.01 shall terminate on the earliest to
occur of the following: (i) at such time as the Class Certificate
Principal Balance of the Class B_ Certificates has been reduced
to zero, (ii) if the greater of (x) 43% (or such lower or higher
percentage that represents the Company's actual
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loss experience with respect to the Mortgage Loans in the related
pool) of the aggregate principal balance of all Mortgage Loans
that are in foreclosure or are more than 90 days delinquent on a
contractual basis and the aggregate book value of REO properties
or (y) the aggregate amount that the Company estimates through
its normal servicing practices will be required to be withdrawn
from the Collateral Fund with respect to Mortgage Loans as to
which the Purchaser has made an Election to Delay Foreclosure or
an Election to Foreclose exceeds (z) the then-current Class
Certificate Principal Balance of the Class B_ Certificates, or
(iii) upon any transfer by the Purchaser of any interest (other
than the minority interest therein, but only if the transferee
provides written acknowledgment to the Company of the Purchaser's
right hereunder and that such transferee will have no rights
hereunder) in the Class B_ Certificates [or in the Class B5
Certificates] (whether or not such transfer is registered under
the Pooling and Servicing Agreement), including any such transfer
in connection with a termination of the Trust Fund. Unless
earlier terminated as set forth herein, this Agreement and the
respective rights, obligations and responsibilities of the
Purchaser and the Company hereunder shall terminate immediately
upon (x) the later to occur of (i) the final liquidation of the
last Mortgage Loan as to which the Purchaser made any Election to
Delay Foreclosure or any Election to Foreclose and the withdrawal
of all remaining amounts in the Collateral Fund as provided
herein and (ii) ten (10) Business Days' notice or (y) the
occurrence of any event that results in the Purchaser becoming an
"affiliate" of the Trustee within the meaning of the Prohibited
Transaction Exemption (as defined in the Pooling and Servicing
Agreement).
(b) The Purchaser's rights pursuant to Section 2.02 or 2.03
of this Agreement shall terminate with respect to a Mortgage Loan
as to which the Purchaser has exercised its rights under Section
2.02 or 2.03 hereof, upon Purchaser's failure to deposit any
amounts required pursuant to Section 2.02(d) or 2.03(b) after one
Business Day's notice of such failure.
Section 2.05. Notification. The Purchaser shall promptly
notify the Trustee and the Company if such Purchaser becomes
aware of any discussions, plans or events that might lead to such
Person's becoming an "affiliate" (within the meaning of the
Prohibited Transaction Exemption) of the Trustee, provided that
the contents of any such notification shall be kept confidential
by the parties to this Agreement.
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ARTICLE III
COLLATERAL FUND; SECURITY INTEREST
Section 3.01. Collateral Fund. Upon payment by the
Purchaser of the initial amount required to be deposited in the
Collateral Fund pursuant to Article II, the Company shall request
the Trustee to establish and maintain with the Trustee a
segregated account entitled "REMIC Multi-Class Pass-Through
Certificates 199_-__ Collateral Fund, for the benefit of GE
Capital Mortgage Services, Inc. and State Street Bank and Trust
Company on behalf of Certificateholders, as secured parties" (the
"Collateral Fund"). Amounts held in the Collateral Fund shall
continue to be the property of the Purchaser, subject to the
first priority security interest granted hereunder for the
benefit of such secured parties, until withdrawn from the
Collateral Fund pursuant to the Section 2.02 or 2.03 hereof.
Upon the termination of this Agreement and the liquidation
of all Mortgage Loans as to which the Purchaser has made any
Election to Delay Foreclosure or any Election to Foreclose
pursuant to Section 2.04 hereof, the Company shall distribute to
the Purchaser all amounts remaining in the Collateral Fund
together with any investment earnings thereon (after giving
effect to all withdrawals therefrom permitted under this
Agreement).
The Purchaser shall not take or direct the Company or the
Trustee to take any action contrary to any provision of the
Pooling and Servicing Agreement. In no event shall the Purchaser
(i) take or cause the Trustee or the Company to take any action
that could cause any REMIC established under the Pooling and
Servicing Agreement to fail to qualify as a REMIC or cause the
imposition on any such REMIC of any "prohibited transaction" or
"prohibited contribution" taxes or (ii) cause the Trustee or the
Company to fail to take any action necessary to maintain the
status of any such REMIC as a REMIC.
Section 3.02. Collateral Fund Permitted Investments. The
Company shall, at the written direction of the Purchaser, direct
the Trustee to invest the funds in the Collateral Fund in the
name of the Trustee in Collateral Fund Permitted Investments.
Such direction shall not be changed more frequently then
quarterly. In the absence of any direction, the Company shall
direct the Trustee select such investments in accordance with the
definition of Collateral Fund Permitted Investments in its
discretion.
All income and gain realized from any investment as well as
any interest earned on deposits in the Collateral Fund (net of
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any losses on such investments) and any payments of principal
made in respect of any Collateral Fund Permitted Investment shall
be deposited in the Collateral Fund upon receipt. All costs and
realized losses associated with the purchase and sale of
Collateral Fund Permitted Investments shall be borne by the
Purchaser and the amount of net realized losses shall be promptly
deposited by the Purchaser in the Collateral Fund. The Company
shall periodically (but not more frequently than monthly) direct
the Trustee to distribute to the Purchaser upon request an amount
of cash, to the extent cash is available therefor in the
Collateral Fund, equal to the amount by which the balance of the
Collateral Fund, after giving effect to all other distributions
to be made from the Collateral Fund on such date, exceeds the
Required Collateral Fund Balance. Any amounts so distributed
shall be released from the lien and security interest of this
Agreement.
Section 3.03. Grant of Security Interest. In order to
secure the obligations of the Purchaser hereunder to the Company
and the Trustee for the benefit of Certificateholders (other than
its obligations under Section 4.10), the Purchaser hereby grants
to the Company and to the Trustee for the benefit of the
Certificateholders a security interest in and lien on all of the
Purchaser's right, title and interest, whether now owned or
hereafter acquired, in and to: (1) the Collateral Fund, (2) all
amounts deposited in the Collateral Fund and Collateral Fund
Permitted Investments in which such amounts are invested (and the
distributions and proceeds of such investments) and (3) all cash
and non-cash proceeds of any of the foregoing, including proceeds
of the voluntary or involuntary conversion thereof (all of the
foregoing collectively, the "Collateral").
The Purchaser acknowledges the lien on and security
interest in the Collateral for the benefit of the Company and the
Trustee on behalf of the Certificateholders. The Purchaser shall
take all actions requested by the Company or the Trustee as may
be reasonably necessary to perfect the security interest created
under this Agreement in the Collateral and cause it to be prior
to all other security interests and liens, including the
execution and delivery to the Company or at its direction the
Trustee for filing of appropriate financing statements in
accordance with applicable law.
Section 3.04. Collateral Shortfalls. In the event that
amounts on deposit in the Collateral Fund at any time are
insufficient to cover any withdrawals therefrom that the Company
or the Trustee is then entitled to make hereunder, the Purchaser
shall be obligated to pay such amounts to the Company or the
Trustee immediately upon demand. Such obligation shall
constitute a general corporate obligation of the Purchaser. The
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<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
with respect to all other notices pursuant to this Agreement,
GE Capital Mortgage Services, Inc.
Three Executive Campus
Cherry Hill, New Jersey 08002
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Attention: General Counsel
Telephone: (609) 661-6515
Facsimile: (609) 661-6875
or such other address as may hereafter be furnished in writing by
the Company, or
(b) in the case of the Purchaser, with respect to notices
pursuant to Section 2.01,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
with respect to all other notices pursuant to this
Agreement,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
or such other address as may hereafter be furnished in writing by
the Purchaser, or
(c) in the case of the Trustee,
State Street Bank and Trust Company
Corporate Trust Department
Two International Place, Fifth Floor
Boston, Massachusetts 02110
Attention: Karen Beard
Telephone: (617) 664-5465
Facsimile: (617) 664-5367
Section 4.05. Severability of Provisions. If any one or
more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever, including
regulatory, held invalid, then such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement.
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<PAGE>
Section 4.06. Successor and Assigns. The provisions of this
Agreement shall be binding upon and inure to the benefit of the
parties hereto and the respective successors and assigns of the
parties hereto; provided, however, that the rights under this
Agreement cannot be assigned by the Purchaser without the consent
of the Company.
Section 4.07. Article and Section Headings. The article
and section headings herein are for convenience of reference only
and shall not limit or otherwise affect the meaning hereof.
Section 4.08. Third Party Beneficiaries. The Trustee on
behalf of Certificateholders is the intended third party
beneficiary of this Agreement.
Section 4.09. Confidentiality. The Purchaser agrees that
all information supplied by or on behalf of the Company pursuant
to Section 2.01 or 2.02, including individual account
information, is the property of the Company and the Purchaser
agrees to use such information solely for the purposes set forth
in this Agreement and to hold such information confidential and
not to disclose such information.
Section 4.10. Indemnification. The Purchaser agrees to
indemnify and hold harmless the Company against any and all
losses, claims, damages or liabilities to which it may be
subject, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
actions taken by the Company in accordance with the provisions of
this Agreement and which actions conflict or are alleged to
conflict with the Company's obligations under the Pooling and
Servicing Agreement. The Purchaser hereby agrees to reimburse the
Company on demand for the reasonable legal or other expenses
incurred by it in connection with investigating or defending any
such loss, claim, damage, liability or action.
[Section 4.11. Delayed Effectiveness. The Purchaser agrees
that, notwithstanding any other provision of this Agreement, the
Purchaser shall have no rights hereunder, and the Company shall
have no obligations hereunder, until the Class Certificate
Principal Balance of the Class B5 Certificates has been reduced
to zero and any Special Servicing and Collateral Fund Agreement
between the Company and the Purchaser relating to such Class B5
Certificates has been terminated.]
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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:
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<PAGE>
EXHIBIT L
FORM OF LOST NOTE AFFIDAVIT AND AGREEMENT
I, _________________________________________, being
duly sworn, do hereby state under oath that:
1. I am a duly elected ______________________ of GE
Capital Mortgage Services, Inc. (the "Company") and am duly
authorized to make this affidavit.
2. This affidavit is being delivered in connection
with the transfer of the Mortgage Loan described in
Paragraph 3 hereof by the Company pursuant to the Pooling
and Servicing Agreement dated as of [date] between the
Company, Seller and Servicer, and State Street Bank and
Trust Company, Trustee, relating to the Company's REMIC
Multi-Class Pass-Through Certificates, Series [____]
("Agreement"). Such Mortgage Loan constitutes a Designated
Loan.
3. The Company is the payee under the following
described Mortgage Note ("Mortgage Note") which evidences
the obligation of the borrower(s) to repay the Mortgage
Loan:
Loan Number: __________________________________
Mortgage Note Date:_____________________________
Borrower(s): ___________________________________
Original Payee (if not the Company): ___________
Original Amount:________________________________
Mortgage Rate: _________________________________
Address of Mortgaged Property: _________________
________________________________________________
4. The Company is the lawful owner of the Mortgage
Note and has not cancelled, altered, assigned or hypothecated the
Mortgage Note.
5. A thorough and diligent search for the executed
original Mortgage Note was undertaken and was unsuccessful.
<PAGE>
6. Attached hereto is a true and correct copy of the
Mortgage Note.
7. The Mortgage Note has not been endorsed by the
Company in any manner inconsistent with its transfer of the
Mortgage Loan under the Agreement.
8. Without limiting the generality of the rights and
remedies of the Trustee contained in the Agreement, the Company
hereby confirms and agrees that in the event the inability to
produce the executed original Mortgage Note results in a breach
of the representations and warranties appearing in Agreement
subsections 2.03(a)(ii) (the validity and enforceability of the
lien created by the Mortgage Loan) or (x) (no valid offset,
defense or counterclaim to any Mortgage Note or Mortgage), the
Company shall repurchase the Mortgage Loan at the Purchase Price
and otherwise in accordance with Section 2.03(b) of the
Agreement. In addition, the Company covenants and agrees to
indemnify the Trustee and the Trust Fund from and hold them
harmless against any and all losses, liabilities, damages, claims
or expenses (other than those resulting from negligence or bad
faith of the Trustee) arising from the Company's failure to have
delivered the Mortgage Note to the Trustee, including without
limitation any such losses, liabilities, damages, claims or
expenses arising from any action to enforce the indebtedness
evidenced by the Mortgage Note or any claim by any third party
who is the holder of such indebtedness by virtue of possession of
the Mortgage Note.
9. In the event that the Company locates the executed
original Mortgage Note, it shall promptly provide the Mortgage
Note to the Trustee.
10. Capitalized terms not otherwise defined herein
shall have the meanings given them in the Agreement.
Date: ________________________
______________________________
(signature)
______________________________
(print name)
______________________________
(print title)
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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]
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EXHIBIT M
SCHEDULE OF DESIGNATED LOANS
SERIES 1997-12
ORIGINAL
LOAN BORROWER PRINCIPAL
NUMBER LAST NAME AMOUNT
- ------ --------- ---------
6855548 Scozzafava-Ron $300,000.00
